THE LORD'S TAVERNERS LIMITED IA compony limited by guarantee and not having o shore capital) Trustees, Annual Report and Consolidaled Financial Statements For Ihe year ended 30 September 2] Registered Company No: 582579 Registered Chority No: 306054 Office of the Scottish Charities Regulator No. SC046238 LORDS TAVERNERS Gmng pBWe u SWiir¥ cho
THE LORD'S TAVERNERS LIMITED Year ended 30 September 2021 Conlents Page Reference and Adminislrotive Deloils President's Introduction Report ol the Trustees (incorporating the Report of the Dwectors and Slalement of Trustee responsibililiesl Independenl Auditor's Repc 31 Consolidated Stalemenl of Financial Activities Balance Sheets Consolidaled Stalemenl of Cosh Hows 36 Noles to the Financial Statements 37-51
THE LORD'S TAVERNERS LIMITED Reference and Admlnlstratlve Detalls Foundlng Palron and Twelfth Man HRH Prince Phillip KG Kr Presldenl Dovid Gower 08E Trustees and Dliectors m Luckhursl Sandro Verkuylen OBE Richard White FCA Sur/ Christopher Mike Gotting OBE Abeed Jonmohomed Gordon Kennedy lon Martin Julie Nonis Col Sohol Ali51or Svbba Row Choir Vice Cho Treasurer Govemance and FFnanc• Commlltee Peter Presland LL.B, ACA Anthony Ashplanl LL.B David Boxendole FCA Richord Finn C.Dtr Nick Gavin-8rown Sandro Vwkuylen OBE Richord While FCA Chairrnon Senlor Leodership Teorn Mark Curtin Tim Berg FCA Nicky Pemberton Chiel Execulive Chiel Opaling Officer Dwector ol Programmes ond Growth Reglslered offlce 90 Choncery Lone London WC2A IEU c(ntoct@lordstovemers.org v.lordslovemers.OTg ReglstraNon Compontes House Chority Commission Oflice ol the Scottish ch{11e3 Regubl 582579 Iregistered in &wlond and Wothl 3054 SC0462&9 Bankers Aud5tor Legal Advlsers National Weslmin51er Bank H(45macintyre LLP Sl James's ond Piccadilly Branch 10 Queen Streel Pkjce 208 Prcadilly London London EC4R IAG WIA2DG Bole5 Welts 10 Queen SITeel Phxe London EC4R IAG
THE LORD'S TAVERNERS LIMITED President's Introduclion I wovld like to begin by soying how FY(yJd I hove been. F>OrtOrty in the tjsl yecK. lo be both President and o supporter ol the Toverners. We hove emerged stronger from Ihe pondern wlh Iwe recognilion ol the impoct OLK piogrommes hove our porticiponts orKI of how importont those pr(yammes have been. porticusorty n lockdown. We h(we seen svJnificanl ch(mges al the T0veryE. I w0d lTri e lo exlerTrd o wom wdcome to Mlyk Cvrtin as CEO. who has brought new impetus to the orgonisation with a fv5 ol placing oui porticiponts ot the centre of every deCOn we moke. while relonng those choroclerislics thot make the Tovemers o 1qUe chority. I would also very much like lo Ihonk PaLrt Robin. who left us orter eight svcce5slul years wth the Charity, for li5 commilmenl os CEO. Against the backdrop of the10st eohleen months. hos stood out is Ihe degree of dIVerlY and inclusion Ihol our progrommes offer. Wicketz sels to bring logemer yovThJ people from chdlenging circumslances lor weekty cricket coochirYJ. Once togethei yowg people shore experiences from Iheir own diverse bockgrcunds, build friend5h>S ocr0s5 communtlie5, ond devek)p confidence and life skills lo help them move forward. Wilh the strength of ihe ECB ond sp1 Engl0 alongside the Berkeley Fovrdotion. Super I s hos brought together yowg people with a di50bdily lo ploy cricket. Goining a 50cioI hfe, friend5lip5 ond being port ol communities 15 harder for these young people and mainlairNryJ er¥Jagernent digital when Ihey could nol gel toaelherwos incredibly importonl lo eoch ol them. Our focus on diversity and inclu%on has been evidenced by some of our Wickefz ond Super 15 gioup5 ioiryng vp from lime lo lime, underslondin9 their different challenges. underslondng their commonalities, ond Seeing the world Ihrovgh the eyes ol olhets. As o Tavernei il has been fontosti¢ to see event5 VP CWKJ running agan- alon9 us lo meet many of our supporlers lace lo face oftef o long absence. Although the Tovemers is now broader, wlh key strategic portnerships wilh IcxJndolK)ns, comFx1es. goverThro bodies (d slalulory fundeTS. evenls remain an importgnl port ol the eth05 01 the Ch(rity thot wos d(wled bock in 19S)- 9elling together. having fun and raising funds to he yOLng Pe0Fe. Reflecting on the 70 yeors of hislory. lod yeor wos overshod¢wed by Ihe pasn9 of our Founding Patron ond Twelfth Man, HRH P¥ince Philip KG GT. A keen cricketer arKI cricket lon. he hocl been with (Js Ynce ovr very begirving5 ond he hod been a comer5tone of the Ch(lY. We rem(in elemolfy grate1 lo him lor his suppcyt throughout Ihol p10d Cr we wsh I¥5 famli y wel. Tim Luckhur51 hos taken the opp(Ylunityto inlToduce the newslrotegy forthe Chority wilhin the Trustees Report. 8uilding on the reputation and quolily ol the work we have delveied Ilyough cricket to empower young peOe from challenging cwcumslances. llis i% the sl(xl ol a new and excsliro efu for the TavemeTS. On beholl of oll the porticipanls in ogrammes. post. presenl and fulLKe. I wlyjd like lo say thank you to all of the volLnteers, supporters. Members. trustees. iegKJnol funth(%sers. ond sloll lor the commilmenl you demon51rote cloy in ond doy out lo the charity. Davld Gower OBE Pre$ldenl Lord's Tov•rrtws
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating Ihe Report of the Directorsl for the year ended 30 September 2021 Our Values Tog•them•ss- we defver fellowship tlyough re9K$ 0 portnershps in the provision of ou oclivities. Accountablllty- we are all Uccovnlab fu en5trriro that the Lcd.5 Tavemers is fil for PLpoSe and remains so. Diversity - we seek lo creote 0¥glslI0n Ihot refiec15 the (fvee nalure of OLK society and our porticiponls. Soclal Impact - We seek to moke a difference lo cfisodvanlaged and dIsaed young people and we measure the imFxxl that our progrommes have lo sigry)osl how we best ollocole our fwds. Who we are P(Kpos•'. We e51 lo empower orKI posilNety impact the INes ofy0g people facing the challenges of inequality. Our Vlslon: Every young pon con overcome the chdlervJes ol lTwlty and achieve ther potential. (r Mission: To maximise the use of the sport of Crickel to empower young people locing inequolify lo rnoke posilwe ch(yce5. improve their mentol health and wellWThJ ond ochieve positive outcome5. Whal we do". We ore o commutryly of people OrgOnilI0nS Ihol coloborote to Fyovide innovolNe, inclusive. ond impoclful Cricket programmes. empowellng Ihe young people with disobililie5 and those from disodvonloged communities to develop their knowledge. 5kilts. copatMlilie5. and confider)ce required to overcome the ChaIre5 ol inequarrty. raise ther aspirations and reach their polenliol. Driven by a pason for eqLnlity. we strive to be o beod orgonisotion at the heort of social chonge: moximi5ing our knOedge, experience and in5vJht gained through our wcKk wlh yOLng people and their cornmunities experiencing inequolily. We will collabcyate and become a credible. expert Voice ond influencer. shapiro allilude5. IhinknThJ and approaches lo vnite communities in the drive to overcome equolilies.
THE LORD'S TAVERNERS LIMITED Report of the Truslees lincorporating the Reporl of Ihe Directors) for the year ended 30 September 2021 Our Programmes support scffie of the most margindwl ar)d ol-risk young pewle though spcxl and recreotion. We create o r(Jnge of opportwitE5 fu yovro peOe from deprived e05 and Ih05e with disabl1t9 to engage in 5POrt and recreational oclNilies in theff locd commuruties. Our Outcomes Increase opp(¥tunrfries f fegul(x porficipotion lrnprove heolth, menlal well-being ond fvtvre Fyowecls of porticipanls Strengthen community and sociol cohegon Devekjp a network of vohJnleeTs, c¢)oches on(J rde models. Svpportlng Our Outcomes O(x wlcomes are underpinned by core Iheme5 Ihol we se lo devdop wlhin eoch of OLY progommes.. Skllls for Ufe While 0ornme delivery is al Ihe core of 0 oclivily. we c¥e seeking to nurture on oclive lifestyle. responsbilty. sdl-esleem. confidence, re5il1ee and more. Ovr aim 15 to equip young peop with the skills they need lo succeed in their live5 ond thew cornmvnily. This includes the ability lo deol wth Iher own cholenges. lo Ihink for Ihemsefves, lo mentor ond influence, ond to moke heollhy life choices. This we sUPPOrt through o longe of workshops that form o core t>ort ol our prcgromme ddivery. Belng purt ofsomelhlng p051rfve Excluyon ond isdulK•n ore ygnifkont issves mony of the young people on ow programmes. We want participonts to led thot they hove on opportunity lo succeed. that their VCeS motter ond thol they ore inckjded in somethirvJ bTrgger thcm Ihemsefve5. OLK yogammes druw peop into group activities th other5 exp)enc1) m11 ar issues. fostering on altitude ol lockfing problems logelher aTrd WFP(xlirvJ otPws thar peer gws. Communlcatlon. Teamwork and Leader5hlp Building sociol sklls is vild f(y our part1panIS as many hove limited opportunity lo devdop these elsewhere. All Our progrommes ore deygned to 5UPPCYt yovng people to develop the communication skills. kn obovl teomwork. promote good leadership skilL% and Ixjild positive relationship5 whh can FY0vje stobifrty ond security. vnIeeT1n9 and Communwy benelll ()Jrwork is commur¥ly focused- delNering go55rools progommes lockling local issues. We want ou participants to feel safe and wdcome in the 0¢e5 they Iwe. bul we olso wont them lo lake Fxide in where they are from and lo want to give bock to thew commvnily. acting os role models ond leaders. We olso wanl ow coaches and vollnte5 to feel comecled lo their pro9rommes ond invested in they SLrcess. The Chority Sector continues to evave in order lo maintan. as wel os bJild. PL*Jic trust ol o time when ltrwe is an increasing demand on our chartlabie support frcmn 50aety more wddy. The kjsl couple ol years have highlighled mony of Ihe i&sues loced by yo(mg peoFAe trom dewved bockgrowds, and Ihts&e who have a disob"lity, ond it is the om of the Tovemers to expond the support that we con provKle to porticiponts Iro those cornmuniltes.
THE LORD'S TAVERNERS LIMITED Report of the Tru5tee5 (incorporating the Report of the Directors) for Ihe year ended 30 September 2021 The Need The Tavemers seek lo empower young people who are clxrenlty considered lo be either di5advanlaged or have a disabilty. We ore one ol mony dillerenl charities who use different approaches to engage with young people. We use cricket. Within the UK 1.6 miwion yovng people in Engk¥)d. oged befvaeen 5 ond 24 yeats old. hLwe a d0bir11y. 25% 01 disabled young people look p¢2rt in an cxgarmsed oclNity ses%on in the last ye¢J. compared with 36% 01 n0rtrdlsaed [ore. 35),CDJ yOUT¥J people are INing n the lowe51 areas of socioeconomic (fwdv(y)lage; Clryld poverty in the UK affects some 4 MI1 chiklren.. There (Ye over lJJ.C(K) refvgee5 in the UK. of whh ovw 3,¢MJ are unaccompanied chilijren, ond growing. Disobled young people oged between 16 ond 18 (xe twte 0$ likely os those withoul o dtsobilily. lo not be in educalion, employment or tiaining-, 77% of disobled young people rep(xl feelrrfJ on any gNen day". 2020 5C]w 0 6% increose in knife crmes in Engkmyl ond Wa$ to over 46.(KX). Our Impact Despite Covid, 10,872 porticip(mts took port w) our cricket KYogramme5 during the year lo Seplember 2021. engoging with Ihou50nds ol indNidual coochir¥J SOnS ocross the UK. As a resutt of this our partnipants told us, despite the lockdown5. Ihal os a result ol ther pcrl1c1xl OLY pros¥ammes includiro digitally.. 89% of ItrEm feel bettw obovl Ihemselves.. 88% felt more independent." 84% felt more oplimislr cknul the fuhffe: 93% felt more included- 81% hod made new ftiends: 85% now felt m¢ye independent. Covid Throvghout the Trustees Report we reler lo the impocl ol Covid in pcxliculor oreos. In svmmcry OLX Covid deficit is over the next tWee months. fxjring the last hvo years= event nc(yne fell (woy by in excess of £1 mli lion eoch yeor,. Ow progrommes went online. which combined with o slowdown in minibuses soved o similor omounl Our team contracted Icx o variety ol reosons. porticulaty cxound fundraising. and we look the decision not to recnJit until Ihe outlook become clecyei. We ore now investng ogowi in building Ihot fijndroislry copocity. however we recogni4e ltr wli I toke lime to see a relum on that investment.
THE LORD'S TAVERNERS LIMITED Report of the Tslee5 (incorporating the Report of the Directors) for the year ended 30 September 2021 Our Programmes At the Lord's Tavemers we faclilale the devopmenl and delivery of quglly ¢rl¢ket programmes lor the benefit ofyouro people ocross the cotry. focus is lo design and manage progrommes for yOLJng peorAe who foce inequclily. We specIfallY seek lo engoge and emwwer young peooe from communilies where o ronge of 50ad ond economic, 05 wem 0$ persond. chdlenges present bwier5 Ld lock of opportvnity. O work predominontty Iocu5e5 on k¥ovi(hng Cricket r¥ogrommes os o means lo engage and empower young people with physicd ond / or leorring ("sotJlih"es up lo Ihe oge of 25. We manage and evaluate our programmes so that we can cont¥KJolly improve their offectiveness. enhan their impoct foT pc¥liciponls. ond lo ensure Ihal Ihar ewanyon is b05ed on need and evidence. Th process is undertaken in-IK)use and is supported by recogni5ed Ch¢tY re5ecrch ogencies lo ensure we monlin o slrolegic IromewTh lo ywommes. We 0150 monoge o ronge of gront-bgsed programmes focused primarly on the prow5ion ol tfon5p¢yI ond support lor jUTNof 5pcYls development to enokJe disobled y(xJng people to have increased opportvnily lo participale in 5POrt and recreation. With on incre051rvJ focvs the growing demond aCed uwn u5 lor our core progrommes. we ore plonning to rewew gionl-bosed progrommes lor Ironsporl (YKJ other cash or ossel donolK)ns ond 05se$5 where we ore most impaclful ond where ol our stokeholders can be certain that we cye movng toward5 Ihe m05t150cicII relun on inveslment. CTlcket Programmes OLK cricket pyogrommes e predominontly portner5trMp5. bringing together County Cricket Board5. locd community groups. workshop providers. and others to best 501fy locol needs. Ths enables us. for examFJe. lo harness locd knovledge al a grornAu level in tWIngg p¢JrtiCiponls to the txogromme. Equolly importonl. our delivery stnKtrue with the Counties ene5 Ihot the development officers (Jnd cotsches inydved can. where appropriale. benefit from the ECB'S exlensve safeguLY(ng pdEies and troinrrfJ of developmenl oflicers and coo¢hes lo best oleCt the young peOe we supwt. The moin oickel progrcnmes are: Super 15. focusing y(KJng t>eopÈ who moy hove physicol ondliy leaming (lisabililies Tuble Crfcket, a version of uicket desiws for y(wng peoFJe who use whechc*rs, bul is rAayed by young peOe wth both physicol (md lecmng disablfjlS." Wlckelz. Iocu5ng on yOLng pec from commur¥I5 focing inequality Kll Recytllng. collecting ond redstrbutiNJ kil in the UK and ar0d the wcxkl lo en(#)le yomo people 10 joy sport
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporoting the Report of the Directors) for the yeor ended 30 September 2021 Iii>LJr Focused on young people with o disability 2020-21 990 parliciponts 23% Femole F)orlicipolion Whal Is Super I s? How Supw I s helps young people Super I s gives young people with o disoblity oged 12- For mony young people with a disolilily. loneliness 25 the chance to play regul(¥. competitNe crtket. By has been identified os a major issue. and creating community cricket hub5 where young people opnitS to toke port in regulor competitive con receNe cooching. we give part1panIS the chance 5F)Ort con be extremew limited. Super l s provides to compete ogoin51 Ihetr peers ond enjoy the benefils of these OPPOTlunities ond help5 young people plang 5POrt. reofise ther polenlial. 11 improves their physical ond mentol well-being, gNing a sense of The competition provided by Sw)ef Is gives participants belonging 05 the moke friends ond goin skills for o r801 sense ol ochievement. wlh many ol the county fife such as confidence and independence. C7nd regionol fir15 beirvJ held at cricketing venues Mony of the young Peop who have engoged in including Edgboslon, Emirales Old Traflcxd and Lud's. the progromme now ocl os role mode15 for the next group ol partiCiFX]nls. whether os a player, cooch u o volunteer. This o crucial element of the progromme, os it empowers the young people lo reae what they can ochieve. Super ls Location5 "Super IS is ff1 only gboul 8Gcess lo sport. although of COue Ihal is importanl. Super Is ffs also helpiiig young people develop important life skills. like GonfideiKe. seif-esleem. and le8d8hlp. 11 also builds triendships. andredUS isolatffon. We know that Sport has an 8m8zingpowerto briftigpeople logellier Al the Betheley Founda11 we are allypWdlO be working wilh such a dedated. 8nibitious group ofp8rtners. In March 2020. Covid-19 slopped play across tlie coufitry. and Ihe vilal support Ihal Sijper 1s bfings lo youilg people could have disappeared. The Loid's Tavemers and 811 Ilje local Gounty Gnckel Bo8rrls worked hard lo adapt so Ih81 tl?e young people G(wld conje 10gefheronliiJe. Tl)ere is no subsfilute lorpl8ying logelherin al life. but the te8m did an in¢1ble job in keeping the whole Lolll's favemers family connecled. Durirw lockdo15 and i501ation Ihis digit81 commuilily was a al lileline. The Super Is Progmme 18 a gal example of partrpershw wothing. By truS117g each 0117er 817d conwng together. we have ¢aled something that h$ a iEalinTpact. Lookii?g back al the last seven years il S 8npazing to see how farils WF7e. Berkeley Fovndalton. FirTrancial pcYtrEr5 of Ihe Supers Is Programme
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporating the Report of the Director51 for the year ended 30 Seplember 2021 The geogrophic roThJe shown obove continues to expond Ihars lo the valuae support of Berkeley FtyJndotion, the Englond ond Wale5 Crickel Boord ond Sport Englond. Ou gome chonging F)artnership with Ihe ErvJlond ond Wdes Cricket Boord IECBI see Super 15 launched in every covnly and help develop a more su5tainakSe lotje cricket offer- iregng porticipalion. inspiring Social change and empowering tens ol Ihousands more youry peoFJe to fulfil their potential ond build life 5ki115 through the sport. The collaballOn wll See both Super I s ond Toble Crickel oclive in all 39 counties by the end 012024. Nick Pryde. DireclcK of Part1patIon Growth ol ECB: "We're committed to makK)g crtcket os rncluyve ortd divetse os SsIble ond this portnershrp WMI be o big driving force towards Ihot. &inging Super Is to every county 0ty will chonge tives. It's o fontoshc woy to In¢ase ocCeswfy ond show that crLkef can be o gome forevwone." How Covld has Impacted Super I s 2019 saw our f1¥515uper I s resident1 vhych inckjded wortshops on heollhy ealiThJ. nulrilion. and employaknlity, but more importantly nslilled confidence. social sknlts ond independence in mony ol the participonl5. Residenlials- an irrportanl part of the devdopmenl of Super Is- dd not lake pkjce in 3T20 and 2021. and we are planning lor IIEse lo be reinslaled and exponded in )21 Ihe creolion ol the Swer I s olne Hub enatled many of porticiponts to remoin octive in their homes with their lomllies (d helped mentol wdlbeing. This Hub wos wpp(Kted by regulor Zoom meelin9s of beneliciory groups. A new tosk or chalenge WOLAd be Set each week- otten by members of the Englond disobility cricket 5cwad as wdl as indrviduds svch os Dom Be55 Dan Norcros5. The hubs 0150 tKoYided odvice on how besl to keep body ond octNe (d inlormotion fty porenls oncl porticiponls on how lo acce55 addilK)r)al support. LoRD?s TAVERNERS 2020-21 7.957 participant5 TABLE CRICKET What Is Table Crlcket? How Table Crfckel helps young people Totrjg Cricket is c¥i adapted version ol CTickel. played on a tale tenns tab and specially designed lo give ywng d5aed people the chonce lo play and Compete. Alongsicle the eryoymenl ol ang the game and competing. loiye cricket has been shown lo develop leorrw(xk ond sociol sknlls omong players. Ilabo he¥)5 coordirKStth orKJ cogrmlive sknlls togethw wilh. due to the noture ol crcket, thrnelic sklts. The gome is strolegc. wth cffifferent scomg zones oround the loble ond, Iv51 like in regvky cricket, fielder5 hove lo be cuehJlty positioned to tyevenl The g(Mne is 0¥ed by young people wth both rvn5 or lo gel the baller ovt. leaming ond phy5icd dtsobililies. It enoblgs young peoFJe to under5tond loc1$. drow the best out of Teoms 01 six loke it n turn lo bo or bot, wilh the teom player5 and lo buld o sociol life. bovAer v5ing o romp to bol leilher a porticulY importont lor th05e who vse o re9ulor boll that runs Ifue or o waghted one that whedchciT where locol SF)orltng OPPOrturNties ore swng5 orovndl. The botter $Ce5 by hittiThJ the boll limited. into the sc{ng zone5. ovoiding Ihe fielders il Ihey can. For the yrwrw3 vdunteers lwofved in coochir@ and umpiring. tobSe cricket helps lo develop sell- confidence CNKI enh0e5 their future employment prospecls. Regional compeliltons numally leod lo the NalK)nal Finols ot Lord's providing a significonl persond spThing 9001 lor young peorAe who moy lelt such opportvThties were not ovodoue.
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating the Report of the Directors) for the year ended 30 Septembei 2021 The Table Crfcket Jovmey Toble cricket is defNefed primority li schoob ocross the UK. wfmle it is ployed by young pewe with lelIng di5abililie5 as well as physical c550bli ilies. we have reCOgned thof one ol the few ovoilable options lor the laller group ol yOg people who are often unable to lake part in other sports designed for ombulonl individuals.11 has olso been adopled by our sler Charit5 in Ireland and South AfJica. In early 19 we embarked on a maicx redesign of the table uicket equipment wlh the key (ims of.. Er15uring greoter robusSne5S- An improved appearCCe which would appeal to young people in Ihe 27 century.. Having a "Fxoducl" that would oppeol both wtihNI and outside the schoots environment; An of10rdab price p(Mnl for schcK)Ls and others to ergage wlh the sport. We have been working with Robert Gordon Urwer5ity on the design ond devdoprnent of thi5 ond we wgre delighted lo see working Fyololypes oflhe new kit being showcased al the Super 15 Awards evening in October 2021. The kil is now being odjusted ond wll have rigorous lesliro with a selection of sclTh)ols and we e now planning to lounch the new kit for the new schod yeor stortoig Aulwnn 22. How Covld has Impacted Table Crfckel Covid hos hod o signific(ml impocl on the Fxogromme. Tob Cyickel typicoly is ployed schools and is generally organised between two leoms 016 player5. Inevilobty Porttipolion hos therefore been limited by Ihe creation of 'yearf' bubbles within the schoots, ond by the re5trEtion5 On gTOUP srLes. In oddilion, the rrfessures on teacrS lo mantain their oJrricLrfum-based aclNilies have lirniled the lime av(ilable for aclNilies such os Toble Cricket. As well os these limitolions. the nalionol competitions- a hIghlah1 of the year for porticipanls- vnfortunolely hod lo be concelled for 21. We were delighted lo be oble lo rvn o nvmber of regiond competilion doys ond il is COr thot Ihwe remoins o strong interest in TotAe Cricket. As with ow omer ciicket progrommes we uwted (Mi41 hubs whth hove wovided weekly drills ond exgrcyses to enable young people lo engoge wtlh Toble Cke• n o home envyMen1. As noted cthve Covid meont Significant deloys in the deg and creatn ol the nexl generolion ol loble crickel kil. In particular. aw management issues prevented the 3d prinliTrJ of samples to be lesled ond the inabTI Ity lo visil schoots meonl thot ototype lesting was svJnificonlty deloyed. wtcXEtz Focused on disadvantaged young people 2020-21 1,925 participonls 17% femole participation What Is Wlcketz? How Wlcketz helps young people Tryovgh Cficket. Wicketz oims lo lockle local sve5 0ffectirYJ Yng people and their communities. Alongside cKket cooching ond gomes. Ihe young peop taking pcrt have the ch(yce lo leom from role models. community leoders. thol outhorities ond other. Special desTrgned w(xk5hop5 Olso b005t well-being, social education. community awarene55, promote positNe life choi¢0 and develop new lifg skills. Wicketz is o cricket EY(yJr(Knme yomg people oged 8 - 19. INing in challenging commuThlie5. By establishing suslainoble communily hJbs. we provide yeor40und weekty cricket sessions with o locvs <)n breoking cjown borri8rs. developtsig cruciol skills, creotiro sttwger c(mmvnils ond enobling brighter for those tokirvJ p. Eoch Wickelz projecl hos dedicoled development officer respOtIle fc the running of multiple local hubs with the oreo. Ihey w(yk closely wlh the young people that corne obng lo the sessions. many ol whom e from hor¢tO-feach groups. including yowg offenders. refuge rmd excluded pupbi .
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporating the Report of the Direclor51 for Ihe year ended 30 Seplember 2021 How Covid Impacled Wieketz me thority, wcthng dosely w7th tt)e cOty Crickel Boords ond locd development officers, repk)ced Week delivery sessions wth 0 series of exercises, chauenges orKI tOsk5 through the Ordine Woketz Hub. Tlis ha5 8noUed, tTrYovgh weY tcygels. many of ou particponls lo remon active in their homes wilh their fami&e5 and hdped their phyc01 and mentd wdlthrrfJ. Thi5 W05 supported in many (veas by regulor Zoom meetirvJs participonl groups. In oddilion. we lyovided compelilions orKI olher regvl(x engogemenl with porticiponts as Ihe bckdown extended. ond it wos not un*"1 Mcry 2021 thal we saw o move bock toword5 delNering meoningfi)I sessions on a weekly bay5 in red lrfe. Wlckelz localions -Ovei" the lasl 2 years Spiiil has siipported Lord's T8V8ni&rs aiid CiiGket Scotl81?d Iliroiigl? t118 ckelz plog1anw? in Glasgow. WAGkets Glasgow broiiglJE diveise. at risk. youn9 people disadvantaged &ieas of 11?e Cify tO9ellieJ lodevelop aNlearl7 11?rough crickel. They Stippoited young peoplE to leam new skills. make he8111iiei ¢1)ceS aiid beconk. ai?d stay. active. Iwe weffj 101fi117ate enIgh to wsit & s6ssK)n in acfw one eveiiiiw. A lypical Glasgow evei)ing with th8 bli1¢•iT9 om the 9rouKKI biii slili amuild a dozen young people mada il out thal nighl. That in itself Is lelliiig and ii?rticates whal ickelz means to Iliose yoiing people. Wicketz iiispiresl Whei? il s pul li) fhe l18t7ds ol InspiiFllg leaders then we 1r8nsfofft78tional Ghange 8nd thai s what happened in WKkeiz Glasgow. ei7 those y(n9 people needed Wickelz most- like diiring a global pai?demic. Ihe pwNamme slepped and i.eSp1&d to Ihe crisis luijded Ilje WKketz pn)gramiTre ill Glasgow 10 chatt?ge lives. and thats wl?al it dsd. Thai?k yoii ali goo(1 luck forlhe filli1. Sp¥it of 2012. fin(JncMJl SUPFxxlers of Wjcket G105gow 10
THE LORD'S TAVERNERS LIMITED
Reporl of the Trustees lincorporaling the Report of the Direclor51
for the year ended Nl September 2021
Workshops
Within ou Super I s and wke11 Fxogrc¥nmes we refer to the use of wortshops. Here are some examples of
just some ol the 265 workshops we e delrvered in the post Iwo yeors lo develop the Ifinking. 0SVTolions
ond prospects ol our participonls.
Crime avoic10e le.g. drug5, gang5. thrfe crime)
Cyberbullying and onlne sale
Heolthy Irfeste le.g. diet. nutrition. exercise. self<arel
Cvllurol idenlity ond challenging slereolypes
Personal ospiration5 Ld youth ye
Employobilily skills
Team skills. leadership ond mentoring
Solety (fire, T¢il. woter, sun
Mental health cwcyeness
First aid
Environmenlol
2020-21
Over 13.(XX) items of kit de15vered13.87 tonnesl
to 7 countries
Sport5 Kit Recycling
What Is Klt recycllng.
How recycled klt helps young people
ny young people in the UK orKJ obrood fnd it Tho benefits of QYIng cricket ond other sports ore
hord lo acce55 5POrt, with one of the moin boffiers numerous. Having the COeCt kit gNes more young
being o siMe lack of acce55 to the right kit cw)d people the opportunity lo pty 5p(%1 and develop
eqvipment.
cwcial fife skli Is such os teomwork, commmicolion ond
confidence. alory5ide improving they oveTo11 heollh
Our 5POrts kil recycling Fyogornrne collecls usoble ond wdlbeMIg.
kil from ocr05s Ihe UK through a netwryk of locol
'colleclion Ixjbs.. often locoled al CoLnty Ciickel kn recLml ye
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporating Ihe Report of the Directorsl for the year ended 30 September 2021 How Covld ha5 impacled Klt recycllng We hove contin1 to delver recycw kil, olberf ol o reded level. to countries oround the worfd and hove 0150 been oble to use some ol the lockdown period lo (xgoni%e the new worehouse to meet olr needs. The moin ¥npad f(Y U5 ha5 been bcal colleclkJn5. whi we continue lo have foclilie5 for members ol the public land local cLJbsl to dep051t kil at CotY grouThJs and other Iccal collection point5, the currenl silualion has meant that we have nol been lo goin access lo those posnls lo Ing Ihal kil to our warehouse. This h05 slowed the Ik)w ol kil and C(ng Ihe local cdleclion POlS a key WiclY for lh& first part 012022. Grants Alcngside our cricket programmes the Lud's Tavemers Supp1 other cKgani501ion5 IFYough gron15. where oims ore ymikK or complemenl those of the Chority. Sports Related Gronts Registered os o chority in ils own right. the Johnners Twst SVPFxls the development ol young viguolw inpoiied I"Vl"I CrketerS ttryovgh on onnvol development tovrnomènl each yeor ond close wolking 1olotion5hips with Bfind Cricket Engloncl 01 Woles ond Ihe ECB in developirvJ a girts, Vl cricket programme. Due to the imp¢xl of COVKI, ItrEse development lest015 wefe not oble lo happen in 227.. however the Twsl remain5 committed lo this Ofeo of crtket devek)pment. It obo contnve5 to 5UPPOrt Ihe development of o5piring young cricketer5 through awording schobrship5 to suppcyl lonted young players at county acodemies and university. Ths has helped lo produce C1keterS now playing al county ond inle¥nalKJnal level. While co¢xhing hos b&en scoled back, the families of the young people concemed have had addilional hordship5 dlrng 2U21 and the sch¢Jr scheme has recognised tli5. F1(15 in Trusl ha5 been o F)Ortner ol the L(yd's Taverners since the Chority wos fv5t founded in I9. Thew oim ol PTOtectiThJ porks orKJ green spoces thol ore under Ihteot 5tem5 from o belief Ihot everyo, iffe5ctiVe ol who they ore where they INe, should IKJve the rwJhl lo enjoy and berfil from k)col park5 ond green spoces. P(xks and green spoces (Ye proven to he*) peoFJe 5toy phy5icolly and menlalty well. They are an inporlonl tool lo drive social cohesion, combat k)nelTness and build commurmly spirit. Ihe Chorily is proud lo have entered into a live-ye(Y enhonced portnership with Fields in Trust lor the developmenl oncl ryeswalion ol green spoces. particularty in areas Ihol COmprnent Wicketz oclivitES. 12
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporaling the Report of the Directors) for the year ended 30 September 2021 There 15 a di51inct lack of oppc¥tunity f(y young people with disabilities to acce55 Sporting oclivilies outside of the scho environment. This is becouse of Ihe difficvllies Ihey hove in initiol idenlfying sviloble sporting opportunitie5 ond then 5ub5equenl accessing venue5 due to location, unovoibbiSty of sultoble transport, lack ol porenlal I carer engagemenl. cost and occess lo equipment. TlThs s mue preva1 n areas ol kmgher deprivotion. GBt/VR We therefore offer clvb5 and youro ¢]dUCS firnCId 5upporl lo purchase sp)rt5wheelchairs. allowiTrJ regul¢Jplay. traning and competition. As o result of our portnerships with both Wheethoir Rvgby ond 8o5ketball Scotland lin terry15 01 thr wheelchcxr bo5ketbdl aclivilyl more clubs hove actwe junior sections. more young people are able lo localty access Wheeh01r and dwbilily 5POrt5. ond mony young ployefs ore lilt6Y. hove improved sociol ond communicotion skills 0$ well as self-confidence. ond hove thol natural oullel that 5PC¥t provides lo yourYJ peop. basketballscotiand Mlnlbuses For many young people the ability lo be Iran5PCWted out of they normd envYonmen15 enable5 them lo Iwe more independent. enjoyable ond fultilled fwes. For a lew il can mean ond lor mony il leads lo improvements in physicol. mentol ond emotionol heomh. For those wth severe disoblilies this hos helped development of coudinotK)n ond communicoli. cdmed 0elie5 and ollowed them the confidence lo participate, inleracl and make Ihew own choice5. Lack ol accessible transport and pty equipment conlliues lo be an issue for Speciol EducalKJnol Needs ISENI scho(As ond gonoI)nS. Due to low levets of fundraising we were not lo commit lo minibuses in 2021, however during the year Isvbjecl lo the avoli ability of veFNclesl we fulfilled 16 minibuses that hcJ been apwoved and commilled in 20. We ore consciovs ol the (ng environmentol debotes (N)d ore working th our5upplier5 a5 lo when 5uiloble electric vehicleswould be commeTcioI avali able. We also onlicipale Ihal significant deloys 10 5uppty dLJe lo covid ond other global supply Choin issves Kluding the conificl in Europe. may also impoct our obility to conlinve thi5 w(k in Ihe Sh to medum tem. 13
THE LORD'S TAVERNERS LIMITED Report of Ihe Trustees (incorporating the Report of the Directorsl for the year ended 30 Seplember 2021 About Ihe Lord's Taverners In 1950, o group ol wtertoiner5 ond their hiend5 met in the Tovwn ot Lord'5 lo lolk cricket and also lo work out how they would be oble to put somethirvJ back into the gome they k)ved ond help "less fortunole young people" Thvs, the L(d.5 Toverner5 wos bfyn ond it wos not k)ng befe Ihey were orgonistng their first events. brir¥Jing logether membeT5 Wtlh the common purpK)5e of raiEng functs. The Lord's Tavemer5 registered as a company in 1957 and, fdlowing the introduction of the Chorities Act in 1960. the company registered os o Ch¢Thly in 1964. The objects for which the Charity is estobli5hed are lo promote omole(M sport. in pcticulor. but not limited lo. cricket. and lo yovide lin tlie intere515 of socid wdlcxel or to ossist in the provision of recreotionol faclities for persons who ore in conditions ol need or hordship by reason of youth. oge. disoblement. soool or econom circumstance. We continve lo woxk ok)ngyde yster Ch(15 n kdorKI, Austrol. ond Sovlh Af(ica - all independent chorities in the own right with ymli or oims ond Cule to ¢e$. We were deetyy saddened by the pawrffJ ol our Foundng Patron. HRH Ihe Prince Phillip. Our thouJhls ore th hi5 farThly 05 always. HRH The Prire Philip had been Palr¢)n cv)d Twelfth Mon since ovr inception. His conlirxjed support and eoagement lor the Tavemeis w05 hugely vahJed, as is the 5UPP(xt ol the teom ot Buckinghom Pdace. He wll be sodty missed. Ow tha5 go olso to wr Pre%denl. DcNkl Gowe( OBE. who continues lo emtxrace the Charity with a greal possion ond hos been o great supporter over the lost year ond we would like lo Ihonk him for his support to date. both ot evenls. in vi51ting some of our choritoble 0g[Omme$ ol WO and f hig inleresl in the doy-lo- doy octNilies of the (Kgor¥s0lion. Fundralsing Our atHtud• to lundr¢thlng The chorify undertokes fvJrKlrtssing octNity th Members SUpterS vic lundroising events, appeal5, challenge event5. ond through subscripti5 ond domtioA% in line with the Fundra9 Code ol Practice sel by Ihe Fundroising Regulol(K. In lerms of our appr¢)ach to fundrry5ing we recognise Ihe tIU5t thal exst5 b8tween the org¢)nisolion and ils supporters and 05 such they con be yxe thot: we would never pass on contact delcML% wlhoul exryess consent.. we would onty contact individuals have exrxessed an interest in our wiJk,' we do nol engage in cd(colling: when requested to change how we communicole with indNiduals. we will Kespecl that reque51'. we encleovovi tts enswe thot no one ever fed5 presswsed Io suppc¥I our w(Jt'. we ore regtered wilh the Fvndr(xgng Regulot(K orKI wth the Fundroisin9 Preference Servre atKJ adhere lo the Fundroi5ing Code ol Proch"ce- we consider thot dl our octwities ore Ope fr. horesl ond legd. We urKlerlake regLslar licining up(J(Jles for aH our fLnthai%ng stoff to rew)f(Yce our fvndroisirYJ ethics. We hove not receNed any comploints in Ihe1051 twelve months in relation to OLK funcaiyng proctices. We continue lo monitor dala management c105ety ond. while OLK procedwes Set out the doy-10V losks, the overriding principle of Irealing persond doto with c(Ye and respect remain5 poramovnt. How do we nomiolly lundialse? The Lcyd's Toverner5 beh"1 from hovirvJ o voriety of sowces ol fundrcAsing. many ol which rellecl the heriloge of retdning the "Fun" in hjndroiyng. whli e ot the some time seeknng to expond our supporter and Member base. For exom e, in o norrnol ye(¥ c105e lo 10.¢XK) peoFJe would normolly ollend Christmas evenls Ixganised by the Taverners across Ihe UK each year. 14
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating the Report of the Directo[51 for the year ended 30 September 2021 2021 s(Thv the tnging togelher of dl of our Members Under o sirok cotegory. This brought an end lo Ihe Charity'5 use of "Lacty Tovemer5 thus presenting o cleorer simpler imoge to the outside world ond ensuring that we adopted a modern and inclusive apwoach so Ihal all people regard55 of Iheirgender, background, or slalus could have equality. Evenl$ Even15 ore o ce port ol Ihe cutture of the orgonisotion. As well os providing a forum or Members and supporters to sociolise to fundr(Tise for our chuytoble progrommes, they provide opportunilies for our participants lo speak dwectly lo ottendee5 about the impact thal our progrommes hove, ond thus build o beller understanding of the wcry in which OLKWOrt can help (Ky(1aged arvj dsabled yovng people. Covld h05 hod o significont imF)OCt on the number ond type of evenls we hove been oble lo hold during the year. Ou normal Christmas se050n in 2 was lirniled to onfine events. ond this continued through lo Ihe summer. Outdoor fUndrae[S - cricket matche5 ond golF doys - continued successfulw, olbeit modilied lo meet current circumstances. We were delighted thal events Sted agatn in kjte summer and hove continued inlo o successful Christmos seowi lor 2021. Our volunleef regional cornmiltees Iwe hove over 50 region5 Qrovnd the country ol which over 30, despite the impact of the wndemic. are generolty adive at any POiT)l in t%mel were able to orgoin5e o ronge of smoll evenls. online oclivilies. ond in summer months golf days and cricket matches. This maintained a sense of activity ocross Ihe cowlry ond enobled those vdwleers to pkjn lor a post covKI level of activity lo which the Charity Is now retvmirng. Ourcrlcket commllte• looks oftw the Lord's TOveMe Xl that play in molche5 raising awo¥ene55 oflhe Chority, together with funds al venues os dNerse os Goodwood. Broy. Cholmondeley Caslle. Guemsey and Totleridge. The teams ore often mixed gender and are dr(uwn from the wold ol enlertainmenl. 5POrt. and also from the ECB'5 disability cricket squads. The Gollcommlltee organe a wies ofM25 t#]sed fundrLi%ry events as well as golfsociely doys lor members. Events such as the Long Room Concert and the Christma5 Corol Servre ore organised by the Music ¢ommitteè. while on o sociol level the Bftldge c<immHtee orgonises matches agoinsl MCC and House of Lords lomongst others). Eoch of these commtitees is volunteer led ond ts SUPPOrted by the execulive leam. Thol hoving been sold - more thon ever our thanks go 10 all the Volunt5. Members, 5UPPOrteT5, sponsors, ond orgonisers across Ihe country who enable the charity lo conlinue lo rose much needed funds through quizze5. wine tostings. VV01 dinners. sponsored challenges. silent cAJclions and drows. M8mbers Our Members and Regions are a very special port ol the Taverner comrnunity. A5 we11 os plowng o major role in supporting o(x events on a regular tx)s. in London and national, they a150 provide u5 with a signifi.conl bonk ol vdunteers who woth with us both on our fundraIng oclivities and in supporttiig our charitoble progrommes tWough volmteering. svpporting presentations and w(xking with the locol schools and communities in identifying potentiol new projects. Trwe are appr0Motety 3,300 members ol the Lord's Toverner5 ch¢ty. Additiondty. there ore over SX) members of the Jthnners Trust which is administed by the Lord's Tavernef5. 15
THE LORD'S TAVERNERS LIMITED
Reporl of the Trustees {incorporating the Report of the Direclors)
for the year ended 30 September 2021
Indlvldual Supporters and Sponso
Many lonloslic ond gen6Yous in(JYiduols suprK)rt our couw in mony dllerenl woys. nclvdng pCKlicipol9 in
the London M(*othon orKI other chalervJe eYent5, undertokirKJ sponsored wlivnlies. moknng one off
donotions. sponsoring Ixjr even15 or programmes and by maknng us a bénèficiory of thar estote in their wll.
either in tems of fvnds
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating the Report of the Directors) for the year ended 30 Seplember 2021 Icontinuedl Finan¢ial review Introductlon The finoncial results lor the year ended September 2)21 show o tKJI0e pos11ion on unrestricted reserves. Thi5 ha5 rneant Ihot the Ch<¥ity remoin5 confident 05 to i5 futVEe finoncid poytion. The following sets out Sle of the detail behind this position. ¢md il is evident that several ueas ot the Charity's operations have been significontty impocled by t1 pcmdenwc. Flnanclal Results The financiol results of Ihe Chority OTe shown on poge 34 n the Stotemenl of nOncIal AclNils. Below is a summary ol the overall actNity fu Ihe kJ51 thee ye(Ys.' Year ended 30 September 2020 2tr21 2019 £000 Incom Fundroisng events Donolion5 LeoocEs Subscriptions Inve51menl other ncixn8 2,043 3,839 2.311 432 317 2.693 46 122 4.046 393 152 4.744 Cost of events ConlribthK)n Irom fundra lMfy 2.166 4.914 Cwoling ( furKlroising coos 11.5491 11.45SI 11.447i 5urphJs ot Inc¢yne over expen(Ilwe 1104 2.148 3.467 l)woling ar fUr0 cosls: Perce n Ihe £ 414p 40.4p 29.4p Les Charftobk exyndll Crickel yogrommes Mlnibuses D01111¥ gronts Johnner5 Ttv 1267 37 2.336 956 314 2.465 1,134 724 46 4,369 3.620 Nel exyndStur beloie wolN5 on IrNeshner 13291 11.4ni (9W2) Nel gains on investEntS Net Income (expendllvr•) for th• y•ar 1.625 494 Funded by lfvoml uNerle reserves Restricted reserves Despanoted Stroleg Oevewnenl reserve Reserves desgnoled f(*speCtC Fxoiects 14791 61 173ri 470 1.625 22 1401 218 74 57 494 17
THE LORD'S TAVERNERS LIMITED Report of Ihe Trustees (incorporating the Report of the Directorsl for the year ended 30 September 2021 Iconlinued) The TnJ51ees onlicipoted a deficit for Ihe ffwncKI yeor lo September 2021. however the final outcome was a modest wrpkJ5. The key dement5 thot e creoted tFx5 ie5LAI are as follows.. the various restrictions meant that PTogrcFmmes coukl not be delwered on a foce-lo-loce basis lor a signiftcant part ol the year. Ihis reduced OLK progromme costs 0$ devdopment officers were furtoughed and venue costs were not Incred. hsleod. ow progromme5 were delivered through onkne plallcmis.. fundraising events In0rmd generoting approyimoldy £1.5m a year. net of dwecl event COSts1 svllered significontly, l¢Jk"ng to just under ).{ n Me yeor lo September 3)21.' there wo5 a lower level of eroogement by c¢yp(xotes due to ther own commercial wessures: The investment gains made wtlin inveslmenl p50. gwen lower level of feswces we suspended MritS gron15 for the yecT. rellectirKJ oiso the focl Ihol the schools themselves were locuwng on sludenl delivery. The ongang support ol Pewle's Sports Tiust lenhanced fft the yearl aThJ Berkeley Foundolion were importonl lor Ihe Charity. 05 was the new multi-year wrtnership wlh the Engnd and Woles Cllcket Bo(¥d Seced ol the beginryng of 2021. These. cowed wth Ihe 111 n the vdue ol the investment portfolio, led to an oyerdl boloncod po51tion. The Impgct of Covld- Flrbgncl¢Jl ond non-Hnoncknl Operollonal. Including iluff During a lorge part of the year we continued to ollow 01 5toff to wort from home ond ensured there were adequate systems and connectNity in ploce to ensure that Ili5 c(KAd hoppen. We olso provided sources ol support via OLK HR advisers. Ilyough the private medcd scherne helpfine5, the introduction of o generol Employee A551slance Piogramme wlh Health AssLKed. and specific supp(xl f(x in(fividw15 a5 and when required. Where approFMola to the bnesS needs ol the ch(tY we fuk>ughed inc*viduols ther fvjm time or port lime. mointonng conlocl with Ihem to ensure Ihey remaned engaged with the Chorily when they relurned from f¢Jlowh. fv od(Stion, we retoined o Fleble ot)prooch lo where sloll worked from. respondng positivY lo reque515 from member5 of stoff who wished to work from dtFferent k)cotions- be they elsewhere in the UK with fomli y or, n o Coue of c05es. with lomity ovetseos. We continved lo ensure that the office was safe and secure foi ony individua15 who, because of Ihsr ro 01 becouse ol Iheir own menlol wel-being. wished to w(xk in the office from lime lo lime. All of our meetings, be they Trustees. Commillee5. Sloff. (OIhe$e continued lo be Ole Ih(xJgh platforms such as Teams ond Zoom. In Ilne with government 9danCe. the losl ewJhleen rwnlhs IKJve seen a mixlure ol working from home, and hybr"d off ce workng. Thr¢xJghoul this peri(Kl we hove consulted staff ond, generally, when permitted, we hove seen employee5 in the office f two doy5 0 week. wlh some otlending more oflen. Our meeting5 have been lorgely hybrid. howeverwe ore now seeing o rettn to physical committee meetings and there is no doubt thot IrPerson conversotions hove been missed ond pkjy on inF(xlonl parl in COMMUnallOn. We continue to offer hybrid 501vtion5 to enotje peqje to otlend remotdy where they feel more comfortable doing $0. We believe that operational efficiency hos been mcinloined during this period, however it is acknovdedged that it hos placed ygniliconl additional ye5swe5 on many member5 0151ofl ond the Boord would Ike lo Ihank the staff leom lor thr support thi5 period. 18
THE LORD'S TAVERNERS LIMITED Report of the Truslees (incorporating the Report of the Direclorsl for the year ended 30 September 2021 Iconfinuedl Incom• A5 can be seen from the fviancial resutts revewe gewalw)n was Slgrvf1IY hit. primorily in the followiro oreas- We were not able to hold fundroi5ing events ocross the UK during o large part of the yeor. This is on important orea of fundrang for the Chority. typicclW generaling £1.5m towards our programmes. Evenls slorted lo be held in summer 3)21 and os can be seen from the Annuol Report they hove made o mode51 conlributlon lo the Charity.. A number of our events, while having the aim of raisg funds. hcwe inevitabty had o focus on communication ond reconnection ond to dote these hove been well attended- Our plons lor the development of Corporale fundroi5irvJ were signilicontly inpeded by the conlinung ponclemic however we believe we are well placed for 2022 to expond th$ oreo. The end ol the ffnancial year and the peri(xl IIYcMJgh to thslmos1Th2s seen a svJnikanl relum lo events, orKI while allendances were ker folhwir¥J the pandem. we (re seeing much needed funds being raised al these events lor <xJr sxo9r(ynmes. Flngnrlol Comm•ntary Income for the financiol yeor fell from £4.7m lo £4.Om as a resvll primarity ol the cor)cellation of 015 but o few ol our traditional fundraising even15. 2019. the bst "n¢xmol" year. showed gross event tunover of £3.8m. 21Y20 sow this reduced lo just over £2m Ibeneffliry from the Chtistmos 79 seosonl. ond in 2021 il was further recluced lo jvst under £9(1.0. After deducting the dwecl cost of events. this wos o loll in event contribution rrom £1.67m to less thon £SX).txx). Our donolKJn incorne h05 inproved from £2.23m lo U.69m thrgh the new partnership with Eryland ond Woles Cricket Board. ond addiliond support from People's Sports Trust Ipart ol PPLI and Sport Englc¥)d and we ore grateful for Ihese importonl contribution5 to the Chorty. Our other income 50uces IvJve mointoined ils leveLs - 0 strong irKficalion of the continued support lor our chariloble purposes from ovr exisling Members ond portners. In term5 of our lolal fundraisng expen(thlure llis has gone down fr(m £2.6m in 2)20 to £1.9m in 2021- again a direct function of the concdlotion ol events ond theretce c051s such 05 venue5, Cotering, ovctron prizes. etc. are signrficantty duced year on ye(¥. Overoll. charitab expenditure ha5 atso fallen from £3.62m to£2.43m. being Ihe nel effect ol the fdlowing.. Cricket progrommes for young peopl• wlth disabilihes and l Orfrom di50dvontoged ¢ommunllles has seen an exponsion in lems of geogrophic coveroge. porticulthy within Super 15,. however this has been ollsel by the need, a5 referred to eViOUSly. to suspend face lo lace programme delivery in favour of onlne hubs. While there Yoriotions in the direct costs. the level ol progromme monogemenl resources needed lor these trOtiOnS from loce lo foce lo vrtvol ond then back 15 5tgnificonl. hence overall expenditure has remoined similar lo 2020.. Mlnlbus grants were 5U5pende(I f(Y the ye(r to September 3r21. however there wos slll programrne teom lime and costs inVoed N er)suing Ihot gonts approved in 3)%) were delivered. Dlsabntyond Spe¢lal Needs Onts have reduced to £109.(KK) Irorn 4,WO (J5 0 direcl consequence ol a strateg dec10 lo move ow(ty from llis area as a core part of our chartlable oclivity. Johnners Trust normalty supports development feslNoLs in Ihe (yeo ol Visualtry Impaired crickel.. these events did not happen in swnmer 221. The Tru51 continues to supp% &merging young players. many ol whom hove been placed in greater hord5FNP os a re5uII of the F)ondemic. through Irovel and equipmenl gronls. 19
THE LORD'S TAVERNERS LIMITED Report of Ihe Trustees (incorporating the Report of the Directors) for the year ended 30 September 2021 Icontinuedl Operatlng and fvndraisiftg ¢0sts All of the costs ol the Chcxity (Ye related. eithef cre¢tly or ind1. lo our cfoitaNe purposes. In lookng ol costs il is important lo aprxeaole the judgments involvea in how costs (Ke refkcled in the onnud finonciol slalemenls. The Chuily's cost slructwe lon5 into detK¥trnentol he(Kng5 and the IdbwrvJ give5 0 brood ndcathon ol how cosls incurred in eoch ol those areo5 ore treated= Chorilolje Programme5 team- bej Ihe indNidLMJls WIK) manage eoch of our wogramme5 and also golher data to enable u5 to rewrt on the impact of OLK Fwogrammes lo c¥Jr supporters and lo the 9enerd putAic. Their costs cwe theclty allntlab lo the LThJerfyng programmes," Marketing and CommuThcotions leom- whose role is lo ensLKe thol os ICK os possiNe there is o good awareness ol the chcyitotAe w(xk thot we ore dehvering. ond olso the events thot we ore orgorysiro in order lo rcise funds lo support fue octrvity. Their costs ore splil between choritoble activity and fundraising- Evenls leom- orgonising our m(in evenls from Choncery Lone with the me purpose ol roising fund5 lor our Ivtue choritobk octivity. Tr)ere 15 generolly an dement our events which Iocus5es on the impoct our progrcvnmes hove hod. and the successes we have achieved. bul the mqority ol the cost5 ore regorded as operaling and fral&j costs.. Region5 team - supporting our volunleer regions both in their lundroising aclivilies. ond also in their owarene55 progrommes. ond n identifwng polentid beneliciory orgonisolions in their locd areos. Agoin. the majority of Ihar costs e regarded as operating ond fundraising costs.. Fundraising team In relalion lo corpcyales 05 wel as from Chlab trusts and foundolionsl - the cost5 ore regarded predomlrn1IY as operating ond fuThJroising c0515; Membership team- as well as provKling on amuol domtion. a number ol our Members also supp1 our events (d wovide financial support drectty towords our Fyogrammes. The costs of supporting the membership and membership communic01KS is regcwded os predomiTh]nlly operating and fundraising costs.. FirKJnce. administrolion. j CEO leom- leom suprKxl5 1)olh (xx luncoi&ng fLJnclions ond the chariloble yogromme octivity ond. hoving regard to the v5 of ochvily the volume ol Ironsoctions, their cost5 ore spl"t between choritable progrcvnme costs ond fundr(¥sing ond operali costs.. Office and other reloled costs in generol Ihese costs wll be SFth'I. based on Ihe ollocalion of emFJoyee c051s, as between charitot)le Fxogrammes. and operating and fundraising costs. Some ¥)ecific areas- for exam[e those nVOed with govermnce- are regarded as operating costs. Our operoling ond fundraising cos15 a5 a propcvtion of Contribut from ILm(tr0i5ing activitie5 has in8VltaUy risen over the last Iwo yeors. os income hos fdlen. and is currentty ot 40p. il should be bome in rr¥nd thol the operalionol team is slrucled to deliver for higher levds of fundroi&ng thon hos been possbi le ckjring Covid. This is expected to foll to appr0MotY 25p in fin0[101 yearto September 2022 ond lo be rther[eduC&d over the future years. A large part of our lunth0ing cost5 ore t)eorAe orKI we took odvontoge of the vorious government job support schemes Ithe grants ore indvded in irr(nel to reloin where Opopriate operolimcl copotillty. We have o number of <hflerenl income streom5. os o re5uII ol wlNch the trodrtionol chorily fwdiaising ratios do not always n8cessorily opply. These income streams include_. MembersPip 5vbscriptions. although a low sowce of iorne. typpcolly hove o Fmgher c051 rollo due lo moli ings, datobase manlenonce and goveTriance and election processes. Importantly thgh il is this membw5hip base Ihot adds streruth to OLK events propo&lN)n: 20
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporating the Report of the Directors) for the year ended 30 September 2021 Icontinuedl Our even15 ore mawged by an in-house team of stoff 05 opposed lo being controcled out ond thi% olso increases ouroverhead ralio. We do Ihs becausewe a number of Member supported events, ond it is beneficiol in orgonising Ihese lor the team lo have personal knowledge ol our Members and supporters.. The Region5 operote wth o high degree of outonomy (d therefore o lower proportion of Iheir funds roised go on support costs - although this moy increase with central support on flyer5. bronding. $cIng auction items and other faclor5- While even15 incorne is urKler wre05ed [Kesse, they do remoin on important meclThJnism lor communicaling with Olf partnw5 supp(¥ler5, (¥KI showcayng the WO we Lndertoke. Rèsult for thè yèar The overall surplus for the yeor w05 £11 I,CCO. cludg o sw)kn5 on the investment p(¥tfolio 01 £440.¢YX). In lerms ol our undesignoled unreslricled reserve INS fell by .X) in the perioj. The remaining port. being o surplus, orose through raising restricted funds in the year to Seplember3)21 which will then be spenl on Specific choritoble activity in the yeor to 30 September 2022. In c*Jdilion we used part ofour designated fd5 to fund OLK onNal sUPPOrt of Fiek15 in Trust1£70,(XK)l and lor Toise Cricket devdopmenl1£4.C(XJl. Inveslments The Chorily's investments are rnorged by Ck)se Brothers Asset Management Lmiled. The investment criteria comprise Ihe following brood investmenl F)oromelers'. Preservation of value in real lerm5- Achieve capital growth overoll la Icxgeled average (nUal total relum of 4% above RPI wos c(ytsidered on op5yopriole lorgel over the ineslmenl life of the portloliol- and current considered to be a medum-term prytfdK)- 1.0.. 5- 7 yeor5. nie risk profile wos seen as Iow-medium ond the relum is evduated on a lolol retun li.e.. not di51irouishirng between copitol ond income) t)osis. As ot 3) September 2021 the investment portfolio was valued ot £4.993,CO). The portfolio opened the ye(xwith o volLJolion of£5.X)7.(XX) ond durir@ the lirTronciol year £750.CxX) was drawndown. Adjv5tiry this drowdown indicole5 0 totol retvm dumg the period of opproximolely 12%. Since the end of the finonciol yeor w to Mcxch the Cthe Portfo0 h]s grown lo £5.154.(YJD, on increose ol just over 3%. The portfolio comrKi5es a mixture ol eqvities ond bond5 ond lurther 0now5 is provided in lh& finoncial slolemenls. The Investment manager hos confirmed t1 il there was a reqviremenl lo acces5 cash. Ihol ol le05t 90% of Ihe portfolio could bo realised wth o neglgitAe impocl ¢)n volue. 21
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporaling the Report of Ihe Directors) for the year ended 30 September 2021 {continuedl Stralegy Although the Comd siluotim h(75 clerJty hod 0 5igTrficont impoct on the Chorily. il hos also provided on opportunity to toke stock, ond to ¢der OL¥ slrotegic d"rection 05 we emerge from the current Situotion. The Leodership Teom ond the Trustee5 have develq)ed o slrulegy the next three to fwe yeors. thol inclvdes the f&iowing seven key gods: To become a Values led organtsallon. To embed a CLdlure whereby dl ol our dea5)nS are thven by placing young people faCg ineqvawly al the heart of ovr deci&on moknng and oclions. We need lo conlitL5e to commil lo equality. diversity and indugon to be al the centre of o(ff organisatior( not just OLK P(Yliopants. 2. To bè drfvèn by Insl9hl Deayon M(n9 ocr0$5 the ctY 5h(xJld t ¢iven by insightr. nol jvst dalo. Creoling o cuMure ol continuol leoming and refresh enables insighl to Riform and (trive (xjr deciyon moknng, b& it in progromme devaopment, lUncong. or business F4annwig. 3. To be impacmvl To continue lo devdop our ur)derslondiThJ oflhe impocl Ihol olx programmes hove on both participants on an indvidLJcI bosts. ond on thosè around Ih&m - lomdEs. communities. cmd friends. This ¥equires a continud Fyocess ol sdfexominolK)n. ond o tronsr>orenl ond open envronmenl in wlich both successes can be celebroted. kxjl otso oreos of Conc ( improvement con be dscussed ond developed openly. B&ng impoc1f wll olso (knve chtyliobie focus- vs to focvs on (¥eos where we hove direct impccl on th& exenCes and lives ol Part1panIs. To grow owreoch to those who need us mosl PrK)rilising Ihe svstoinotAe gowth of 09r0mme$ to the ccmmunilies ond young peorAe wlFin them who need us mosl 15 0 priorily. To poslllvely Inlluence and lead soclal clx¥nge To become a reCOgned ond creditrAe leader in OLKinduslry through the workwe do to poglNely influence pc4icy and decision maknro. Alongside llis we w0d seek to cc4laborole wlh olher people and organisations lo ptlyy influence ond shape Ihliknng. approaches alliludes and behaviour5 10 overcome inecfvjolities. & To ¢reale o more svslolnable Income model We seek lo brwden and dIVefy OLrincome slreoms lo de-risk the charity from over relonce on Single sources and types of income. We WOLrfd seek lo expand and dTversity suppeT b05e. and a5 part of this grow ond invest n the devek)pment and slewordsNp of our membership. On the l)ack ol uJr FKogrommeswewovld continue lo bAd a pcrlnerslip driven apFffooch lo lundroising. 7. To become a hlgh performlng organlsollon This requires a conlimous cycle ol reviewirKJ and improving our business proce55e5 ond systems. ensuing o modem. elfeclNe and efficient orgorisothon whefe pCAles. processes and Systems are continuously improved. Tris inckjdes a morketing ond communicotitins norrotive thot is ofvayg on messoge. designed to inform ond improve ndan(ng ot the Chcytly and its impacl. continuol improvement lo linoncid orchilecture on¢J monogemenl ond b&ng hjly tron5sxYent ond occounlotAe for perfomonce ond ochievements ogoin5t objech"ve5. 22
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating the Report of the Directorsl for the year ended 30 September 2021 Icontinuedl Ro$•rrf•s The reserves can Iherelore be summar1 as folows: Unre51ticled reseNes lundegThJledl The CIKJriIy Subsid15 Generd reserves lo ensure conlinuity 3.593 145 3.7 Deggnoled Funds Notionol Cricket Dfjokn"fily Centre Toble Cricket DeveknkThnent PruMMe Evolu01rn SupeT Is Devdopmenl Fk15 in Tw51 F)OrtnwON FU 58t QSKÈ by Twstees fu swffic S(X) pwrx)ses 210 1.549 l) FurKJ5 dorKJted t(X Spe0 purposes Restride(J reserves 5.587 Unreslrlcted keserves e Tru51ees have considered the appropriote level of reSt[Cled re5etve5 hovirrfJ regord to the idenliligd risks that could have a 5eriov5 impact on Ihe ch¢ty.3 obility to roi5e funds. ond in the context ol Chority Commission Publication 19 'Building Resilience" In idenlifyirvJ the largel level of unTe5tricled reserves, which would be reconsidered al the end ol eoch finoncial year. the Trustees consider the difference between the vel of expendilura, inctudng ovarheods ond chortioble 0groMrne$. thot Ihey consider should represent conlinualion of the cvwent oclivity at on acceptable level, or)d o c0rwvate bvel of incorne Ihol Ihg Trustee5 con expect lo be receNed. the Trustees hove considered bvdgeled totol expenditure Ilaking into accounl both choriloble expenditure. ond slalllofficellundroising c05t51 ¢J)d. to the extent thot s not covered by controcted r8slricled income. considered Ihot a reserves poficy of holding between foLK ond seven months ol thot net expenditure os unreslricled reserves apwopr]le for the Charity. In considering Ihis the Trvslees hove loken occovnt OP. The various 50LKce5 01 income and the degree of relionce Ihot con be ploced on eoch of thos9. informed by eXpernCe of the lost two ye¢J5 n partV. The risks foced by the Charity in vcYK>us (reos. ncluding wortng copilol. inctsme shortfall. contractual obligations. and the need lo be able to reoct effectwdy to chorvJKJ orcumstances. Bosed on the obove the Trvslees hove identified Ihal Ihey need lo relain uNeslricled reserves lor the Charity 01 £2.398.5(K). The unreslricled reserves of the Charity as at 30 September 27 were f,5?3.(c(), which 15 £1.19m over the largel level. The Trustees expect the Charity's actual position to alKJn itself with the target position through: Investment n copocity wlhn Ihe chIly. partthY cyovnd fLnthoising. reflecled in the planned deffcil for Ihe linoncKa year5 to X) September %)22 ond 3.. specif investment over the next eighleen months in techncth)gy and infraslruclure in order lo further modemise Ihe Chority in occ(Kdonce wlh ils slralegic obieclives.- An increase over tine of the t(¥gel wyeslrided re5eNes 0$ the CFK7rity exponds. 23
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating the Report of the Direclorsl for the year ended 30 September 2021 (continued) Deslgnal•d Reserves The Trustees have created the following designoled fLThYs oul of the St)ecK)I Proiecls Fund.. ToNe Cricket Development Fwd £(IX).(LXI. ofwFwch £61.¢XM) hos been expended. leoving o bdonce 01 £&39.(XX). Thi5 IS to firnce the redesiqn and reFlacemenl ol the tab crickel ktt cwently in emstence, improving the cknobuty of the product, the ease of Set vp. ond creoling on enhonced appeal for young people. Covid has &gniffcLYrtly delayed th project. We rW have prototypes nd901r@ evokjalion and lesling ar)d il is expected that in summer 2022 we will move into monvloclure and distribution expecl this denated reserve lo be knrgdy ulilised during Ihe next twefve months. Independent programme evolvotion FuKJ- £KMJ.IX(I As our progromme5 exF>ond, the TrLee5 befieve thol in 112123 0 fvjll independent rewew ol the elleclivene5s ofou progrommes should be vndertokerTr. aryj ndS hove been set aside to commi55ion Ihal review arKI imFJemenl its rec(mmendotions. Super 15 De¥0pment ILNKJ- £xM).1J of Nthich £ll)J.¢XX) 15 cried f(xward As a consequence ol otjr ogreement wlh Ihe land ond WaS Cricket Board for the exponsion of disoblity cricket. particuloty Super Is. the Trustees sel aside a sum of £XJ).C lo fvjnd the exr)onsion of octivrly in advoe ol the ECB ooreemenl commencing. Given the delays returning lo loce-to-foce octivity. the bolance brought loard ol £1,0 wll now be used the yeor encling X) Seplember %)22. Nolional DisobAily Crckel Centre. Wucester- £.) The Trustees hove sel Oside o sum of £5(X).(XX) lor o polentiol investmenl olongside ECB ond Unverrity ol Worcester in o new ded"¢oted disobilty cricket centre linked lo the Universlty of Worcester. ond to complemènl the New Rood cricket ground which is lo be the main venue lor moior di50kn.lily croket fixture5_ Ihe Ur¥veNty hos now rec&ved plonning consent ond is commencing construclior¥. We (¥e now finoh"&rvJ OLK arrongements in relalion to our support and we expect to make Ihe gror)t 2. Fields n Trust Partnerslip- £35).IXfj ol wlich £I40.c trs been utilsed The chorily has entered 10 a fN&yeor pcNFnership with Fields n Irust for Ihe OteCtion and maintenonce of green fiekl spo¢es Ihol complement our Wickelz oclNily across the UK. Under this ogeernent the Chtyity hos ogreed to commit £70.(KXI o yeof. 24
THE LORD'S TAVERNERS LIMITED Report of the Trustees lincorporating the Report of the Directors) for Ihe yeor ended 30 Sepfember 2021 Icontinvedl Our Governance Structure Ow wlmary puiposes and publk bellefft We cory out o rong& ol oclwilies wlh the moin aim ol empowering disacfvonlaged young people and those with o disobility throvgh cricket. We befieve thot sport, ond porticvlorty cricket. ond help young people goin confidence as well a5 buld Social Skills. ad01p. arKI also engo9e wlh Ihew commvnitie5. We be9ve thot this enhances thar prospects in loter life. We theiefore believe thol we meet the public benefit requifemenls os sel out within the Chorily Commission's guidance. Furthermore, wbfic beneffl gvidonce ploy5 o centrol role in developng ovr future strolegy. Ovr Board ol Trustees The Trustees. who ore obo directo[5 01 Ihe Cornpony under Compony Low, 0$ ol the (lole of Ihis report ore sel out on page l. The Trv51ees who served during the financial year are 05 fdkJw5- Tim Luckhurst 5ondra Verkuylen OBE Richord While FCA Suzy Christopkner Mike Golling OBE Abeed Jonmohamed Gordon Kennedy lan Martin Jurie Norri5 Cal Sohal Alisloir Subba Row Chair Vice-chor TTe(1suref Appointed 14 October 2020 AppLnted 14 September 3)21 Apptinled 3) October %YX) Bob Bevan MBE John Tayky Appnted 14 September I121. Rgned 28 October K121 Resigned 14 September 2)21 John Taylor come lo the end of his tem os on 8ected Trustee ond chose not lo stond for election ogoin. 8ob Bevan wos elected as a Trustee wor to the 2021 AGM and was fomolty oppointed on 14 September 2021. He then stood down on 28 October 2021. The Boord would like lo thank both ofthem for their contrbi ulion lo both the Booid ond the Chorily (kJrirKJ th term of offce. orKI look forward lo the¥ future svpport ol the Chority. How does an Indlvldual become a Tru51ee? The Board comprise5 UP to Iwefve Tnlslees otwtrK)m: Seven ore elected by Ihe Members: ond Up lo Five ore App(xnled by the Bocwd. bosed on recommendolions from the Nominations Committee. Elected Tr(Jslees Elected Tru51ees are voted on each year by the Member5 of the Lord's Tovemers, nonnolly prior lo Ihe Annual General Meeling. for a term of tthee years. Each year at least two Elected place5 are made ovoilokse Igenerolly due lo Truslees reoclryng the end ofa three year lemi. orlhrough a vw(xicy ari5ingl and no Elected Trustee Is ollowed to serve m¢xe thon nine conseculrve yeors n office. 25
THE LORD'S TAVERNERS LIMITED Reporl of the Trustees (incorporating Ihe Reporl of the Direclorsl for the year ended 30 September 2021 Icontinued) Appnted Truslees 11 the Trustees. in discuOn Vdifh the Nominotion5 Cornmitlee. do r)ol consider that there ore Ihe requisite skli Is on the 8oard. then they hove the iighl lo appoint up to fwe odditiond Trustees lo provide thosg 5kn115. The Nonwnalions CcmrThllee is then Osked lo oversee the presS whereby individuds can apFJy to become o Trustee. be intemewed. and then be recommended lo the Board. Appointed Trvslees (ye fcy teTms of up lo three yeors. otter which Ihew re-appoAitmenl woukl be Teviewed. No App(xnled Trustees 15 Qllowecl to 5eNe more thon nine conseculNe yeors. The Nomlnallons CommM•è hos specthc responytJ)ly the mcnoggmenl of Ihe election or bdlol wocess lor the election of Elected Tru51ee5, indv(iro the yowyon of giidonce lo the Trustees and to the Members on the 5trength5 and weokne55e5 of candidole5 in those elections. In oddttion. it al provides guidonce lond il oppropriole will mc5ke recommendolionsl lo the Trustees on candidotes App(inted Trustee positions. To ensure ils independence. the majority of the Committee's mernbers are nol Trustees. e Tru51ee reyesentalNe on llis Commrftee 15 Rhd While. The Trustees are committed lo ensr0 Ihot Ihe Boryd has the skims ond experience lo be ate lo oversee the activities of the Chorily ond lo sel its slrolegy. The woy in whrh itic5vid15 become Iru51ees is therefore kept under conslonl review. Truslèè dèlègolion ond conduct The Tru51ees have overall responsiblity for the orgorisalion Ill1ng its strategy. Doy-to-doy respon5itMlity for the operation of the uganisalion ddegaled lo the Chief Executive ond the team. Tru5tee5 receive deloils of the respOntieS ol a chc¥ity Iruslee on nominotion for election. Following election or appanlmenl TnJstees receive oddiliond information on the orgor¥solion. logether wilh the opporturity to meet wlh the Choiman cmd members of the Senior Leadership Team lo dwuss a5pecls of the strategy, operation ond goVance ol the busnes5. ond ore atso eoUraged lo allerKI ext course on Irvslee dvtie5 5houkl they request il. They dso hove an inchJclion Sess whh would ncymalty be led by o member ol the Governonce and Finance Committee. Ihe followrKJ aclivilies support the Truslees in fumiliw they respontytIeS'. The Trustee Boord meets ot leost yx times o yeor, normdly wilh the SeryoT Leodership Team. lo review the octivity ol the chority- ()Jtside of Ihe TnJ5tee meetings there (Te regLI(T meeting5 befvieen tt)e Choir of the Bo(Yd or(1 Ihe Chief Execulwe. between the HorK)r(xyTreasuerand the ChEI Operoting Officer, ond belween varityJ5 01her Trustees and member5 of the monagemenl team.. The delegolion ol certoin dements ol the organisotth's responsiiililies lo sui>commillees. each ol which comprises ol leost one TrUee. Membas with p(JticLA(x skills in the relevant area. ond members of the executive leom responglje for thot octivity- ond The FxeporolKx) of regor rep(yls covering dl ygrNficont ospecls of the u9onisotion, CfCLAol&d lo rdevonl committees ond to Trustees. 26
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating Ihe Report of the Directorsl for the year ended 30 September 2021 Icontinuedl Our Commlttees The Truslees have established a number of commillees in order lo have oveght of vorious aspects of the Chorily. Eoch committee has Ils own terms ol reference and h]s al le05t one Trustee represenlalNe. The principol Commilt&es ore 0$ follows.. Governance and Flnunce Commlllee-TnJ51ee reyesenlolNes: Richord White and Sondro Verkvyten The Governance ond Finance Committee has o focus on Ihe Charity's govemance and compliance motter5, 05 well 05 oversight over linonciol motters ocross the Chority. The commitlee meets ol least four limes a year ond w(Kk5 wlh the execulNe le¢yn to ensure thot there i% o fromeWO in ploce for transparency. accounlabli ity and risk management. As part ol 115 ro, it considers the independence ond opprOprlenesS ol the organisolion's auditors. wlh whom the commillee will then work closely in relalion lo finoncKIl controls ond reporting. The committee olso deals with 5Ve$ that are in relation to compliance wth legol ond chority regulalion 05 well os ensuring that best proclice in governance Is aNvoy5 bang addressed. Charltable Progrommes Commfflee-Trustee represenlalNe& Als10 Subba Row. Cal Sohal and Mike Golting. Oversees all of the oclNity of the ch¢J"tab Fxogrcvnme5 teom, irKluding opprovol of new iniliotives. and ConSeration of Mues arising of the progrommes. 11 also wort5 closew with the execvlive team in considering oreas ol impact. and the processes n place for monitoring and evaluation of the ellectlveness of progrommes. Fundrahlng Commilfree- Tru51ee rewesentalives". Abeed JOrvYK)Med ond Gordon Kennedy The Committee works wth the executNe team on the areos of morkeling and fuThJrai&ng. debaling new initiotives ond current trends. In porticulor it wli I con%der areas ol brand. exlemol commvnicalion. and lundr0i5ing compoigns, os well 0$ consideriro woys lo enhonce exislng oclivily. Memb•rshlp and People Commlllee- Trustee Rewesenlalives.. Sury Chmtopher. lan Martin and Julie Norris. Re5pon5bi le for oll ospecls of Member odmwon. recruitmenl. ond engogemenl. The committee olso ha5 oversighl of the octivitE5 of 5toff, 5VPPQrter5. ond members of the re9ionol commillees. The commillee also focu55e5 on EqU0'ty DNer5ily and *)clu5ion, (Jnd Voiles. Treasury CommHtee- Trustee representotNe.' Richord White Responsible for reviewing investment perfomance ond evoKJoling Ihe hvestment mc¥)ogers. and reports into the GoverTh]nce and Fimnce Committee The Trustees hove also estabfhed o Remuneralion Commtttee. which inclvde5 the Cha, Vice Choir ond the Treasurer. lo consider the remuneration of certain members of the Seniow Leadership Team. The Committee evaluoles the perf(xmance ol the organisalion over the last twefve monlhs and abo the perfomonce ol the Iwm membgrs, ond bosed on Ihew experience. makes recommendalion5 to the Trustees. As well os Member5 Wth opprowote experttse and members of the ExecutNe leom. Ihe Chair of o Committee can a0 invite individuals who ore Outde of the Chority lo sti on Committee5 whe the expertise is considered appropriate. 27
THE LORD'S TAVERNERS LIMITED Report of Ihe Trustees (incorporating the Report of the Directors} for Ihe year ended 30 September 2021 Icontinuedl Risks The Trustees, with the executive team. revwi the rtsk regisler on a ieguhjr b05is. Tlis is to ensure Ihal the 15 a ckor recognition of the s@nificanl risks for the Chorily cmd Ihol there cxe plans place. as far as 15 reason0Y praclcol. lo mitvJale those risks. The fruslees. advtsed by Ihe Govemonce ond Finonce Committee. hovè idenlffied the key risks and have pul in ploce o number ol yocedures in ordw to. 05 lar 05 P0551ble, 501Ègvord tho Chorrly from those risks. These include.. Saleguardlng Saleguordr@ cpplies across ol ol the Chority's aclivilies. and reloles lo every indvidud who comes into conlocl with us. whether Ihey ore p(rticponts. supt)cxters. stoff. Iruslees. volunteers or members ol the public. Following an ndependent evoluotion of our opprooch to sofe9uardiTra, we have strengthened our troining ond commurwcolion channels for both staff and volunteers. enhonced the slolus ol solegvording ot 8oord level, set ouropprooch to soleguording on o(Jrweb&le. In relolion to our ciiket progrommes we continue to work ck)sely with the ECB to ensure Ihot the progromme coaches ore fulty tfoinod orKI have the (Jbthly to rose concern5. Media tsnd Sociol Medio Inappropriale comments on social me(Ao or within the medio can. in the digital age, quickly gain momenlum. whelher they genvinety refiecl the views ol Ihe Charily u nol. The Chorily continues lo review and enhonce ils system5 lor manogir¥3 ond morMloTing social medio. providing guidonce lo volunteers- partvIO those li organiang events. improving briefings lor speakers ol our events. ond enhoncing our commuriccrtion fromewcmt generoly. Fundralslng Unlike many chorTIE5. the L(d's laveÉYS derives income from o number ol sources. That hoving been sold the pondemic hos shown thot 5ignificonl income streoms lsuch 0$ fundroi&ng events) con swiftly come to o how. Our partnerships wlh PeoKAe'5 Sp(Y15 Trust. Englond and Wdes Cricket Boord, ond 8erkel8y Foundation ore 5iqnificont however there remons o need to exr>and our ronge ol funclroising to redLte reliance on o hondful of key fUTer5, or 0 single irforne slreorr. The Chorily, as parl ol ils slrolegic revEw. is inveslw)g SwJnir(lty in ils fUndralg copaLylily and, under the gUanCe of the new CEO. devebFMng on improved opproach lo fun&aising. underpinned by the ChJily's 51iong reserves positKJn. Governance The Lord's loverners is o C)[)0nY fimited by gu(wontee. where Members ore cMJr "shorefrolders" loi componie5 0Ct PifP05es. Thi5 gNe5 US the elh05 of a Membership Chority. 05 ho5 been port of the Chcyily's cvlhjre sirre itwos lovnded in I9. In the curenl enviionmenl it is essential Ihol the Chorily conform5 Wlth al of the goverr)ance requrements. aryj ndeed reflects best ch1Y Sector practice wherever pos51b. This moy le¢xl lo tensions belween Ihe need lor good governance ond the Iroditionol membershp elhos of the uganisotion. The Boord commi55ioned an independent govetnonce reVW n Spring 20 ar¥J have implemented mosl ol the key recommendations, IrJUdIng the nlroducth)n of Codes of CO11. and the Ixingng together ol the Membership under o single nc¥ne- the Ld.$ Taverners- ond Ihus ceosing to Use the brond "Lody Tovemers" This wos lo ensure Ihol lhe was perception Itol Ihe Charily might be split by gender. Govemonce is reflected in the qvolity orKI ÈffectNeness of Me Bo(Yd ond the introduction of o Nomin(7tK)n5 Committee in 2018 h05 continwd to ensure Ihol the Bgofd h05 Ihe rght mix of skills ond experiance to ensure that the Chorily properly moged. 28
THE LORD'S TAVERNERS LIMITED Report of the Trustees (incorporating the Report of the Directors) for the year ended 30 September 2021 Icontinuedl Asset ond Resource management Good monogemenl of ossets ond rewwces. be they pe¢)ple. property. inveslmenls. brands, reputation. or wogramme5 is an essential FXVI of good govemonce. Eoch ol these oraos, while delegoled on a doy-l04ay basi5 to the execvtNe te(Yn, is overseen by a r)orticulor committee lo ensure that the Charity has slroThJ intemal contro15. ettectNely monoge5 011 of it5 ossets, ond, lor exomple, n relotion lo stoff ond volunleers provide the oppropriate IrainNg and 10015 for them lo devdop. Cyber I Inlormallon Technology Protection ol ow doto contoined on ovr MemberslThp and SUPpler datab05es and secLMty around oll of ou IT sy51ems- particuloty in o lime of hybrid WOTknng- is constontly monitored. In late 2020 the Charity commissioned an independent review of IT 5yslem5 ond SeCLrrity ond as o re%ult a number ol improvemenlswere made to the infraslruclure and access requirements. IT 5ecurily51otu5 1$ 0 51anding Item on the regvlor meetings of the Govemonce ond Finance Committee. In the fight of changes in data regulolion followirYJ Bre1 we hove retoined on exlemol dolo consullonl lo vndertake an independent review of all of ou data monagement processes ond procedures. Indr4iduols within the management team have been idenlffied as the prmcyy point ol contact in relotion lo porticulor risk issues ond it is Iher responst)ility. along wth the resl of Ihe team. lo consider the organisalion's response to i55ues Should they orise, ond I( OVeeIng the mitigolion ond the reportiro of ony relevant matters. statement of Trvslee Responslbllltles Tho Trustees, who ore olso direclors ot Ihe Charitab company. (Ye re5p)nsible for preparing their report ond the finonci05 stoternents v) occordonce with applic0b l(Thv and gUlatiOns. Company low requires the TnJ51ees to prep(Ye lhonclI stotements f(K eoch fnoncDI yeor. Under Ihol law the Trustees have elected lo pyepare the financial slotements in occordance th United Kingdom Gernerolly Accepted Accounting PrlIce Iuniled knngdom Accounting Slondord5 C7rvJ oppficable lowl. The linanciol stotemenls ore required by low to gNe o true ond fairvinv of the slate of the affairs ol the charilable compony ond the group ond of the $pIUS or (klctl forlhot period. In prepomg these financ1 stolemenls the Trustees are required lo.. se¢1 SLAloiSe occounliro policEs and appty Ihem con5i51enl Observe methods and principles in the Chorilte5 SORP Make judgements and e51wnotes thot ore re050noble ond prudent Slate whether applicab accounting standards have been fdlowed. svbject lo ony materiol deportures disclosed and explained in the fiThJncial statements Prepore the finonciol stotements on the going concem bosi5 unless it 15 napproprh]le lo assume Ihal the chariloble company will continue in operolion The Trustees ue also responsible for keeyTrJ proper Coting recd$ tlk)t (Ssclose ¥Mth reosonable occurocy al any lime the financial posilK)n ol the choriloble company and enable them to ensure thol the rinonciol stotement5 cornp with the Companies Act 20D6. They are also responsible fcy safeguarding the asse1$ of the ch(lable compony and hence lor loking reosonoble steps for the prevenlion and detection ol fraud and other yregu1cIleS. Slotemenl of dlsclosufe to the audltors So far 05 the Tru51ees are aware= lal heTe is no reonI oudl nformation of which the Compory'5 ourfitw ore unawore, ond Ibl Ihey hove token oll Ihe steps Ihol they ought lo have token as Tru5tee5 in order lo make themse5ves owore of ony rew0n oucSt inf(xmat lo es10th that the Compony's oudilDf5 ore awore of Ihot inlormotion. 29
THE LORD'S TAVERNERS LIMITED Report of the Truslees lincorporating Ihe Report of the Directorsl for the year ended 30 September 2021 Icontinuedl Avdltors In accordance wlh Section 485 of the cOreS Act 3J)6 a resolution woposw)g that Haysmacinlyre LLP be appointed as auditors will be pul lo Ihe AMLKJI Generd Meelng. Oullook Overwew The core ot Strategy is to Fxrt porticipont5 Ot the cenlre of our deci%on mokirvJ ond this is reflecled throughout the Bu*ne55 Plon for the next three ye¢ys. Our p051tion as the lead charity for the delvery ol d501ility cricket lo young peoe in challengir rcumstances enalSes us to buld on Ihe Cwfenl success ol the Super Is and Table Cricket syogrammes. and expand them in terms or geographic coverage. particiwnls. engagement. and depth of impact. In this regard 0 partnerships with the ECB. Berkeley Fowthlion. Sp(Kl Englond ond olhers wll ploy a crvciol role in the long-lerm success ol these progrommes. The Chority is dso evc4vng. Wt>le ils sense offm. com(Toderie ond heritoge thol Ink us to ourfounders remans a core port ol Ihe cyganisation, we also need lo reCogne that we are fi1 und forern051 o charily eslabli5hed for young people in chollenging circLJm5tonces, (¥KI the volues. cvlture, ond govetnonce need to be ctsntinuolly embedded inlo ow doy to doy activities ocross the Charity lo en5LKe we con perform ol the highesl ve13 for the benefit of those youTrJ pecr4e. The Chority, thank5 10 its reserves posltion and careful managemenl. ha5 remoined resilient dUrg the current Covid situotion. Whli e revenue5 have fdlen ond are expected lo continue lo be bdow pre£ovid levels potenliclly through lo Spriro X122. the Cliarily hos been ae lo reduce ils cosl bose. and lo reduce ils charitae expendilure in areas which may be reguded gng lawcyd 05 non-core- cxeas swh as sensory rooms, pkjy spaces and wheelchairs. We have also seen a redtIOn in demand for minibuses ond we are conliTxJoly reviewing Ihe59 in IIE kghl of envyormentd ¢eMs. The Twstees wo(Ad like lo ocknowledge the efforts of st(Jlf. vokjnleers. Members. developmenl officers ond supporters ocr05s the covnlry who hove cle¢Jty demorfjtioted the importance ol Ihe wort we vr)dertoke. in porticulor in these chdlenging orcum51ance5. Approved by the Tru51ees on 31sI M(wch 2(ry2 and sgned on Ih8r behaw by.. Tim LuckhuTSt Choirman of Trustees 30
THE LORD'S TAVERNERS LIMITED Independent Auditor's report to the Members and Trustees of The Lord's Taverners Limited Oplnlon We htye ov(Sled the finonciol slatemenls of the Lord's Toverners Limited for Ihe year ended 30 September 2021 which comprise Consolidoled Statement ol Finonciol Aclwities. the Group and Charity Balance Sheets. the Consolidated Statement of C05h Flow ond the notes to the finonciol slotemenls. inclvding o wmmory of signiliconl occounling policies. The financial reporting framework that hus been opplied in their preporotion is applicoble low ond United Kingdom Accovnting SlaThJards. Includi Financial Reporting Slandcyd 102 TI Financiol Reporting Slondord oppltcoble in the UK ond Republic of Ireland Iuniled Kingdom Generally Accepled Accounting Prclce1. In our opinion, the financj1 slalemens= give o true ond foir view ol the stale of the group's of the parent chorilatrje company's affairs a5 0130 September SY21 ond of the grovp's ond porenl choriloble company's nel movement in funds. iicluding the income and expenditUTe. the yeor then ended: have been property prepared n accordance with United Kingdom Generoty Accepted AccounlirvJ Practice,. ond have been Fyet)ored in occordonce wilh the requ¥emenls of the Companies Act 2tKJ6 and the Charities and Trustee Inve51menl 15cotlondl Act XX)5 ond regvlolion 8 01 the Chorilies Accounts (Scollandl Regulatiorts Xl)6. Basls for oplnlon We conducted our oudil n occordonce with Inlemoliond Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those 51ondord5 are hjrther descnbed in the AUdIt'S responsibilities fcx the oudit of the linancial statemen15 Section of ourreport. We are independent of the group in accordonce with the ethicol requirements that ue relevant lo our audit of the financial statements in the UK, inclvding the FRC'5 Elhicol Slond(yd, ond we hove lutfilled other ethical responsibilitS in accordance with these requirements. We believe IF1 the audit eviderKe we hove ¢)bloined is svificienl ond opprotxiole lo provide a basis lor our opinion. Concluslons Telallng lo golng concem In avditng the finonciol stotements. we have concluded thot the trustees. use of the gn9 concem tKJSis 01 accounting in the preporalion of the financiol slolements i% optry)riole. Bosed on Ihe woth we hove pertomied. we have not hdenlified any moleriol uncertainties relaliw to evenls or conditions Ihol. indNIdual coleclivety. may cast signifi'conl doubl on the gr¢)up'5 ability to conlinve 05 o going concern for o period of ot thsl twdve monlhs from when She financial slalemenls Gye aulhorised lor i55ue. Our responsibifilies ond the responsibThi lies of Ihe trustees with respect lo g(ing concern are describad in the relevant sections ol thi5 report. other Informotlon The Iru51ees ue reSFx1e forlhe other informat. The other nfcmotion corr¥)rises the inf<miotion incIjed in the Trustees, Report and the President's Introduction. Ouropinion on the financiol statements does not cover Ihe other inf(Kmotion ond. except lo the exlenl otheThvise explicitly staled in ourreport. we do not expTe55 ony form of os5urance conclusion thefeo In conneclh)n with our audit of the finoncial 51atemenls, our re5ponsibli ily 15 to regd tt)e other infixmotion and. in doing so. consider whether the 01h inlomiation is malerialty incon51Stent wth the financial slotemenls or ovr knowleclge obtoined in the (xjdit CK o•heiSe appeors lo be mclerially Mstated. If we identity such malerioS incon5iStencies or opporent moteriol misstalemenls. we ore required lo determine whether there o material misslalemenl in the finonciol stolements or o moterid mi5stolemenl of Ihe other inlormolion. 11, based on the work we have performed, we conclude thol Ihere a moteriol mts5tolement ol this olher infom)olion. we ore required lo report that fact. We hove notng to report this iegord. 31
THE LORD'S TAVERNERS LIMITED Independent Audilor's report to the Members and Trustees of The Lord's Taverners Limited (continued} Oplnlons on other mattefs prescflbed by the Companles Act 2006 In our opxnion, ed on the wort wdert(en in the course of the (nKt'. the nformolion 9ven in the Trustees. ReFr1 Iwlich ifllje5 the slrolegic report ar)d the dreclors, eFJcYI prepared for the Plrposes of compony l)wl lor the finarKial year for which the financial slalemenls are prepared is consislenl wlh the fincmcial slolemenls.. and the Strateg rep1 ond the drectors. report indvded wlhn the TnJslees' ReFQrt have been prepued in acc(ydae wth applcoble legd reqremen15. Matters on whlch we are required lo reporl by exceplion In the light ol the knowledge ond mdefSton(ng ol the group ond Ihe porenl choriloble compony ond its ènvironment obloinèd in thé COLf5e ofthe au(t. we have not identified motorid misslolemènls in th& Trusloès, Report Iwlich incorporotes the strotegc rep1 and the cfrectors. report). We hove nolhng to rep¢Yt in respect of the loUowir¥J matter5 in rekllion lo whth the Comwnie5 Act 2006 ond the Chorily Account5 Iscolondl Re91105 las amendedl us lo reFknt to yov if, in ovr opinion: adequole accounting records have not been kept by the parent charitob compony. or relums adequate fu OLf wdil have not been receved from bronches not visited by u5.. or the pcyenl Ch(latre company fincicial statemenls (ye r1 in ageemenl with the occounlfftg reccxth and returns.. or certon disdosvres ol Iruslees, remunerotion specified by low ore not mode.. or we have nol reCVad dl Ihe inf¢Thation ond ew0n0ln$ we requw& for our OLKlil. Responslbllltles of Irustees the Ilnanclal slatemenls As ex(rned more IlY in the tru5tees' respongtJlitie5 Stotement Set out on poge 29 the trustees (who ore olso the dir&ctCK5 of the chari10b comp(]ny for the wrposes ol comp(y1WI ore respon%ble for the preporotion ol the finoncid slotemenls and for ng satisffed Ihal they 9ve o true ond fair view, and Ily such internal conlrd os the trv5tee5 delerrrNne 15 neces5Qry to enatre the wepatb0n ol fin0ncl 5totement5 that ore free from molerid mi$51atement. whether due lo fraud or effor. In preparing Ihe ffnaKiol stC71ements. Ihe trustees are resPorth foi asseng Ihe group's and Ihe pent chari10b company's ablily to continue as o going concem. discIng. as apOicable. maller5 rdaled lo 90ing concern and u&ng the gting concem bogs ol occounling urless the Iwslees 6ylher intend lo liqudale 1he g¥oup or the porenl chori10e compony or to ce05e operations. or hove no reolistic cAternclive but lo do $0. Audilor's re5ponsibililies for the audll of the flnanclal slalement5 objeclwes (Ke to obtoin Teosonoble ossvronce obout whether the h'nonciol stotemenl$ 0$ o whde ore free from moterid mi5slotement. whether due to froud or errot. orbd to issue an ouditor's repcxt that include5 our opinion. Reosonoble o%uronce s o h.gh levd of 0s5uronce. txjt is nol o guorontee Ihol on oudt conducted in occordonce wilh ISAS IUKI wtll dway5 delect o materiol mis5talervwit when il e515. Misslatemenls CC arise from fraud or errcK and are congdered molerial if. individuLlly or in the aggregate. they covld reosonobty be expected to influence the ecTh)cMnt deci%K)ns ol user5 token on the bog5 ol these linonciol st¢ewent5. Irreguarities. inclvding fraLkY, ore in51orce5 of noTrcomF4ionce with lows ond regvlation3. We desi9n procedure5 in line with o¢J re5pongbilties. outlined atrve. to delect maleriol msta1eMents Iri Te5pecl ol irregularits. including fraud. The exlenl to wlich ou wocedues e capae of detecting irregUlctie5, iluding Iraud is det(iled below= 32
THE LORD'S TAVERNERS LIMITED
Independent Auditor's report to the Members and Trustees of The Lord's Taverners
Limited Iconfinuedl
B05ed on our understanding ol the grow and the environment in which it operoles, we id8ntifi&d Ihot Ihe
rKincipal risks of non-complance wlh laws and regulath)n5 related lo Charity Law arKI Cornpony Low and we
con51dered the extent to which non<ompliance mighl hcwe a material effect on the finoncial slalemenl5.
We olso con5Klered those I(3 ond regvlotions that have o drecl inpacl on the preporalion of the linanciol
slalements such as the Compar¥e5 Act 2(X)6 ond the Chorities Acl X)I l. oncl consider other foctors such 0$
payroll lax and sOS tax.
We evoluotecl monogemenl's incentives ond opportunities fu traudulenl monipulalion of the financial
51olemen15 lincluding the risk ol override ol conlroL51. Avdit procedures perf
THE LORD'S TAVERNERS LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Ilncorporallng the Income and expendllure oc¢¢vnt) For the year ended JO September 2021 Unre5tsicted Fund5 Note Generd Deslgnoted Rèslfbclèd funds Tolal 2021 Tolol 2Q20 £'OOD Income Income ond endowments fron Funckaising events 878 2,043 Voluntary income Donations Legocie5 Subscriplion5 Qnd enlronce fees Investment ond other inc(me 2,693 46 2,233 46 122 152 Total Sncome 4.046 4,744 Expendllure Ralslng fvnds Fundraising octNities 1,942 1,942 2,596 Chorltroble oclfvllles Di%odvontoge(l ond Disobled Cricket Minibuses Di50bilily ond Speciol Needs Jthnnw Trust 1,294 37 2,267 37 2.330 956 314 14 19 1.437 74 922 2,433 3,620 Told expendlvre 3.379 74 922 4,375 0,216 Net Income (expendllvie) bèfore proHls on Investments Nel reoli5ed ond urYeafised11055esl gain5 investments 14731 1741 218 13291 11,472J 440 1153) Net Income (expendllvre) for the ye 1331 1741 218 (1,0251 Inter 1nd trcnsler Nel movemenl in ndS for the yeor 1741 218 11.6251 olonces Ought ILyw(¥d ol l October 3,771 1,623 82 5,476 7.101 Bolon¢es ¢¢rrled lOaId al 30 September 16 3.738 1.549 5.587 5.476 The cons<)118{1 occounts refw the ocllvlltes ol the Its SLtJsklktss Al Irnounts rekjte lo continuing acliwlÈs. There are no recognised goin5 ond k)$58s fry Ihe current firLofKM)l yeor and lh8 Fxec8dYvJ firKJKtal perk)d Olhei Ihan a5 shown at)ove. The nole5 on wges 37 to 51 t(xm part of these financK]I slatement5. 34
THE LORD'S TAVERNERS LIMITED BALANCE SHEETS Company Number.. 582579 AI 30 Sèplomber 2021 Grovp Chorfty 2021 2020 £'ooo 2020 £'ooo Notes FIXED ASSETS Tangible lixed assets Intangible fixed assets Investments in 5ub5idary other investmenls 10 137 31 137 31 190 49 49 12 12 4.993 5,207 4,993 5.207 5.161 5.446 5,161 5.446 CURRENT A55Ers Slock Debtors Cosh ol bonk ond in horKI 24 458 910 27 441 981 24 458 782 27 441 830 1.392 1.449 1.264 1,298 CREDITORS: omounts fdllng due wllhln one yeai 19661 11.4191 19831 11.4321 NET CURRENT ASSETS (uAlITIEs) 426 281 11341 TOTAI ASSETS IESS CURRENT LIABILITIES BEING NET ASSETS 5.$87 5.476 5.442 5,312 Represènted by: Unrestricted lunds: General funds Designated funds - Johnners Trust 3,593 1.549 145 3.¢509 1.623 103 3.593 1.549 3,608 J.023 5.287 5.395 5.142 5.231 Restricted ndS 300 5.587 5,476 5,442 5.312 The finonciol 5tolemenls were opproved ond outhcxised on 31$1 Mc¥ch 2QZ2 and were signed below its behalf by= Tim LuckPKJrsl Chairman khOld While FCA Treosurer The notes on poge$ 37 to 51 lom port ol these ¢01 slotemenls. 35
THE LORD'S TAVERNERS LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS AND NOTES For Ihe year ended 30 September 2021 2021 £'ooo 2020 £'ooo Cash Ilows from operallng ocllvmes Netcash usedin operating ocfvrlies 18201 11,4463 Cosh Ilows from Inyestjng o¢lfvltles t)wdend5 ond interest from nYe5tments Purch05e of tongible ond intongitJe 05sels Net change in investment cosh Proceeds from sale of investments Purchase ol investments 122 1271 I)2) 1,824 16681 152 1839 214 2.51 11.5931 Net cosh ryovided by v)veslM)g Oct115 749 1,201 Change in cosh and c¢J5h eqvNdenls the finanaol year Cash and cosh equvdenls at be&¥nring of fiwnool yeor 1245) 981 1.226 Cosh ond cosh equivclenls ol the end ol the finonod yeor 910 981 NOTES TO THE CASH FLOW STATEMENT Reconclllatlon ol net Incorne lo net cash Ilow from operallng acllvltles Nel expendite fcr Ihe year las reported in the Consolidoled Stolement of nOn0 Aclivithesl Depreciolion charges Nel Igonsl 10ss& on investments L)viclencls ond intere51 from nvestments Decreose lincreosel in slock Ilncreasel decreose n deblor5 Decrease in creditors 11.6251 74 98 14401 11521 151 15891 N•t cash used In operatlng acllvjlles 18%)1 11.440J Analysls ol dèbt openg cash bonceS 981 1,220 Net cash oufflow5 the ye 12451 a09ng cash balances 910 981 36
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS For the yeor endod 30 Sèpt•mbw 2021 ACCOUNTING POLICIES The Lord'5 Tavemer5 rn[led o privole chariloble company limited by guoranlee Ino 5825791. registered in England and Wale5 at the Tegi5tered office shown on poge l. ond also registered os a chority with the Charity comm10n in Englarvj and Wde5 Ino 3JéL)541, Ihe Office of the Scottish Chority R6gulator IOSCRI Ino SC0462381. The choritable company is a public benefit entily 0$ defined Iinonciol Rer>(Kting StorKlord 1021"FRS102"1. Bash ot accountlng The finala1 statements are prepored in occordonce with Componies Act 2(X)6 ond the Chorilies Act 2011 and Accounting and Reporting by ctIeS.. Slalement of Recommended Proclice opplicoble to chorilEs Ilhe "SORP'I preparing ther accoun15 in accordance with FR5102, Ihe Finoncid Reporting Stondord oppfroble in Ihe UK and Ireland. A going concern basis has been adopled ond the tru5tee5 consider thul no moteriol uncertoinlies e51 about the charity's ali1Y lo conliryJe for Ihe foreseeable lutue. A going concem bosis hos been odopted and the Trustees consider that no moleriol uncertainlie5 exi51 aboul the chority's obilify to con1inue for Ihe loreseeoble lu1ure. In particula the Trustees h]ve considered the potentKJI impoct ol Covid-19 on Ihe charity's obilily lo fund ils charitae programmes and fth ils charitable PLKF)05e. Assets ond liobilities cre initiolty recognised ot his1col cost or Iransoction value unless olheThvi5e slated the relevanl occounlfftg pofy notes. The Twslees CO)der Ihat Ihere e no areas of eslimalion uncwloinly in preparing these occounls wFuch gNe rise to o sigr¥ficanl risk ol an adjuslmenl being reqvwed in a sub5eqvenl period to the corryry value ol the ossets or 1K)bIlitS. The consdidaled financial statemen15 comprise the ffnancial 5totemenls of Ihe Charity and ils subsidiory undertokgs. Lud's Tavemers Enterprise5 Limited, LodyTovemers MIted, Lord's Tovemers Kil Recyclng Mited Ihe Johnners Trust, on a line-by-line basi5. ffte Lord's Tovener5 15 o c<porote trvslee ol Johnners Trust and exercise5 control over the appoinlmenl of the other1rustee5. bl Chtsrlty SltslÈmènl ol Hnanclol Acllvllles No seporote 5totement of finoncKJl octivilies expenditwe account ha5 been pyesenled for the chaiity ok)ne 0$ r>emitted by section 408 of the Companies Act 2X)6. The Charity hod lolal incomirKJ resoLxce5 in the yeor of £4,484.(XK)12020- £4.690.ThX including nel reolised ond unrealised gains on investmenlsl and total resources expended of £4,354,C inclu(Sng nel reoli%&d and mreolsed losses on inveslmen1512020= £6.328,OCQI. Nel income for the year wa5 £l30.(XXI120: net expendilvre of £1.638.0(K)i. Fvnd accovnllng Generol fvnds ore urweslricled ndS which are available lor use al the discretion ol the Tru5tee5 in further(Ce of the general objeclNes ol the Chority and which have nol been designated for other purp05e5_ fftÈy include the unrestricted reserves ol Lord's Tavemer5 Kil Recycling Limited. Designoled fund. The desiqnaled lunds ore urwes1rIed hJrKls e01mo6 lor specific purposes by the Trustees. The Designaled funds cover the aclNities that are sel out in the Trvstee5 Annual Report on page 24. Johnners Tn1. UNeslricled hJnds (Te cNoiloble f( use at the discrellon of the Trustees of the Johnneis Trust in fwIher(ye of Ihe generol obieclive5 of thol Trust. Reslricled funds (xe Ivn(ts whth e lo be Ltsed in aCcordLce with 5pecffic reslriclions imposed by the dOrK orwhh have been raised by the charity for specific purposes. 37
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 30 September 2021 ACCOUNTING POLICIES (Conlinv} d) Incorne IrKome is recogised wheri the cty ha5 entimemenl lo the hJnds, ony performance conditions otloched to the income hos been mel, il probotAe that the income wll be received and the Val of Ihal Iorne can be measwed reliat4y. Speoficclly: Income from granls lo the charity cre recogThsed on the above bo%s. Where grants are restricted to specific octivilies orKI Ihe expendlure rekitng lo those oclivilies is expected lo occur in o lulwe period then gront l(x o pr(w(Ktion thereoll 15 coriied forword to next year as part of Restricted Re5erve5. Government grant5 under the CororK]virus Job Retention Scheme IK)ve been recogThsed in the perbod thot the undertying poyrcll costs h(Tre been inomd. Legacie5 ore recognised as COrne where the ch¢tY has been notified of on entitlement, the vdue ol thol enlillemenl can be eslatlished wlh reosonot4e certainly. ils dslribulion has been conlimied. usucAly by woy of confirmolK)n from Ihe executor. Donalions are recognised Nthen If chcrrity is notilEd oflhem. corKlitions 05soaoled wth the donolirms hove been met, (x)d they receipt is cert(Hn. Income ond expendttiffe connected to fvnctra9 events ore rep(wted seporotdy ond recognise(J w) Ihe period lo wFHch the bJn(trL•Sg event related. Annijol sub5cripttons ¢ye treoled 05 income in the year lo which they rePale. Related gill aid is recogniged when o ck¥"m is m(HJe to Her Majesty's Revenue & Cu5tom5. Investment income occovr)ted when receTvoble (d includes the rebted lax recoveroble. Donallons of glfts. xyvlces. ond facllFlles The charity receives donations of auclion items raffle prizes. many of which cTe unique or not availae on the open m(ykel. ki (Kjdilion. ou event orgarisers. both nationally and regionally. negoliole supply ogreemenls on the bo%$ ol the charity's slalvs 0j receive use of exclusNe foclilies nol available lo Ihe generd putAic. Simlarty. our Charilolje Pro9rammes team wll negotiate vernjes to host cKJr octNities ot reduced choity roles or on o free-use bo&s. As such the Truslees con%der tl imyockn.col to be okje lo oscribe o volue lo Ihe vonous domted gifts. savices ond locilit¢e5. f) Expendllure Expenditure is recognised on (n occruats bogs and exdudes recoverot4e VAT. Costs ol fundroisiro evenls CoMrse direct cosls ol Ihe events. the cos15 ol fundroi&ng slofl ond o proportion of oltributotAe overhèod ¢05ts. Expenditure on chori10b o¢tNtlies comtMi5e5 01 experKSlure diTe¢tly related tts the objec15 of the ch(tY (d in¢lLKles gTonls pay0b. whch ore re¢ogTrsed when the gront become5 unconditional ond hos been fumy ILmded by income. Charitable aclivilies indude Ihe costs ol sloll dreclty invdved wilh choritolje octivitie$ 0$ wdl os o proportion of otlributotje ovetheod cost5 Govemonce c051$ comprtse experKI(Iwe iekJh"ng to the governonce ond 5trotegic monogemenl of the Chority ond 115 5LtssidKNies include Ihe c0515 of 5tolulory omplionce, cKJdt fees. Tolee$. expenses. legd lees where ttrse ore Idaled lo slrolegc i55ue5 ond a proportK)n ol ovethecKI costs where these can be attributed to Ihe govemance orTangemenls ol the group. Governonce costs dso include the costs ol the meetings ol Trustees and other commiltee meetings. Govemonce cosls ore dlocoled between Fun(ai5ing arKI cth10te activitS prcHato lo olher rK)rKrit0ble (threct ovefheads. 38
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS {contlnued) For the yeor ended 30 Sèptember 2021 ACCOUNTING POLICIES (conllnued) Direct POYTOII ond other cos15 thot relote to choiitoble oclivtlies hove been Tnclvded in choritotje giving. Sloll ond support cost5 reloling to more thon one oclNily hcTve been allocated to octivifies on o basis Conslent with the use ol the resources. including an eslimole ol the propcrtion of time that 15 spent on those aclivilies. That apportionment is then used as a basis lor allocoling office overheads. Costs incwed in connection wtth the end ol on employment rek)tionship, (xJtside of those contained in the controct. ore recognoed ot the dote empk>yment ceoses. g) Tanglble and Sn1anglke flxed assets ond herltage assets Gilled Art, regorded 0$ heriloge ossels. Is held ot voKJolion where such volualions org ovoli oble. A fomol voluohon is n9 vndertoken of these 05set5 n 22. They were lost vohJed in 1997. Depreciation has been rKovided lo wrile off longible fmed assets evenw over their expected Useful lives. Depreciotion is oLs0 chorged on heritO9e ossels 0$ these ore believed lo hove rY)ite re$. The rote5 of deFyeciotion opplbed to osset5 ore- Gifted ort oirice equ¥rnent Trc**mcxks 2% ter om 11.3% per annum IO% per CM The Trodemoths hod pr8viw4y been (Mmortised 015% per onnum, however most regislralions ore now being renewed ofterten yetys ond $0 the polcy t$ been chonged on on odrfitlonol chcyge reflected Note I I to reflecl this. h) IrNe5tments Investments in subsidiary undertaknrKJs ue ld al cost less any inpaimienl in value. Quoted investments ore volued ol fair-vdue al the balance sheet dote. Realed and unrealised goins ond losses ore included in the Stotement ol Finonciol Adivities. Stock Stock is slated al the lower of cost cnd net rerfisable vdve. Leuses Rental c051s on operatiro le05e5 are chged to the slotement of financiol aclivilie5 over the period of the lease. wlh the benefit of any payment-tree perh)ds being Spread over the term of the lease. k} Penslons The Lord's Taverners conlribules lo the personol pension schemes of its employees. The chorge in the yeor represents contribvlions paid d)ng Ihe yeor. Judgments and •stlmal•s The key jLJdgmenls and estonoles used in the preparation ol these linancial slalemenls are 0$ follows.. e depreciotion of tongti )le fvxed ossets ond omorlisotK)n of Irodemorts,. e split of support Costs between charitable and ndraISing octNilie5.' Recoverabifily ol debICS- Provision lor dilopidalK)ns that may be requwed ot the end ol the leose on the Chty,5 moin offices There are no other key OSSLKnplK)ns covering the fulwe arKI other key sources of estimolion or uncertainly at the reporting dole Ihol hove a significonl rk of cov5ing a maleriol adjustment lo the c¢]ffwrKJ amowls of assets ond ltsjbililies wittrmn the next finaroial year. 39
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 30 September 2021 FUNDRAISING EVENT INCOME 2021 £'ooo 2020 rickel sdes lo events Auctions Rollles External supp¢3rt (includes reSIrted income of £7.CXXJ. 3J3Tr. £134.(mi othw fLmdrcti%ng activitEs 244 172 32 316 172 23 Centrol fvndrowg 620 785 Regwal lunc(ising Johnners Trusl 265 1,210 2.043 DONATIONS-2021 Total 2021 £'ooo Vffeslrf¢ted £'ooo Reslrlcted nibus progromme Cricket bosed wogrommes Whedchoir orKI (I5oLxlily sports Gront5 recaved vrKler Cor(KMru5 Job Retention Scheme her 18 18 102 1.458 1.133 2.693 Donalions- 2020 Tolal 2020 £'ooo Uftrestrlcted £'ooo Restricted £'ooo Minibus wogromme Cricket t)ased wogrammes Wheelchoir ond dsoblily sports Gronts le¢Ved under Cuc¥)ovws Job Retention Scheme Olher 444 679 25 444 079 25 70 70 1.015 1.015 1.148 2.233 INVESTMENT AND OTHER INCOME 2021 £'ooo 2020 £'ooo Bank interest ond nveslmenl income 122 152
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 30 Seplember 2021 COSTS OF FUNDRAISING ACTivmES-2021 Tol0] 2021 £'ooo Cenlral Reglonol £'oc Cirecl costs of even15 Fundroising 51011 cost5 Premises costs OeFKeciotion Investment management fees other ovetheod costs 229 757 122 44 26 164 393 757 122 44 26 1.778 164 1,942 Costs ofFundralslng Acllvllles - 2020 Central Reglonul £'ooo 2020 £'ooo D1CtC0Sts ofevents Fvndraiyng 5taffcosts Premises costs Dee¢lOt10n Inveslmenl monogement lees Olher overheod cosls 693 783 133 34 32 473 783 133 34 32 473 693 2.596 CHARtrABLE ACTIVITIES-2021 Dtred chtsrhablè expendStvre £'ooo staff and support co9 Total 2021 Cricket bosed progrommes Minibu5e5 Wheelchow and d0bIr11Y sports Jothners Trust 793 1.474 2.267 37 109 20 839 1.594 Charilable Acllvhles - 2020 Dkecl chorttoble expendilvie £'ooo staff and support ¢0515 £'ooo rolol 2020 £'ooo Cricket bosed Kxogramme5 Minibuses Wheelchow and disablty Spts Johnlle Ttyst 1.015 836 154 14 1,321 120 160 956 314 2,019 3.620 41
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (c¢)nllnued) For the year ended 30 September 2021 CHARITABLE AuivmES- Conllnued Slall and supt)ort costs cjbove. ond premises cosls included in note 5. include £197.124 12020 £197.7351 rent expense vndef operoting leoses in respect ol ryemises. Direct choriloble expenditure includes £43,[KK)( £31.7451 Tent expense undw operoling thses in respect ol premise5. The omounts Poid in Ihe year for ienl were £279.178(2JJ £278,6731. Direct ChIlae expen(fite above includes grants in relotion lo 27 Indldual& tololing £17.355 IXJ20 30 indwiduols lololirg £26.1&)I 4 organi5alDns lololng £95,115 IX)20-. orgonisotK)ns totaling £1.079.3131. GOVERNANCE COSTS Goverr¥Jrte costs wluded n Supp(yt Cos15 comE¥se Ifor w)formolionl: 2LY21 £'ooo 2020 £'ooo Altor'S fees- tor Ou1 Meetings. AGM and electi cosls Legol and profesSK)nol lees Altribvloble 51off time 25 24 51 82 112 157 257 494 269 The ovdrtors otso receNed fees for other seNices vrtonnected wilh Governonce (mowting lo £1,75012020- Nill during the pericKI. STAFF COSTS 2020 £'ooo 5alalle5 and related costs Social security costs other pension costs Inole I lill 1.446 157 1,087 The followiThJ employees receNed more Ihcm £.( lexckKArg National Insurance and benelilsl in the linonciol yeoT'. £130,(tM) to £140.IMI £1 10.(xx) to £12). £I.())10£}lo.c £80.(( lo £90.0(XI £70.Cm lo £80.00) The remunerotion of the Ser¥¢y Leodership Teom f<x the ye<Y inclvcthng notional insuionce. pension ond other benefits wos £SX).218 (x).. £395.0631. Non-slolulcxy payments were m¢xle in connection wth the dep<T*e of employees totoling E54.083 in the ye(x12)20'. £4.5(K)I. The overoge nvmbar of stoif empbyed )ng Ihe Ye IfvAI time orKJ port timel wos: Fvndr(i5ing. regionol WPFxYtr cd £Kkn51rgI10n Choritotle GNirvJ Govem¢y)ce and strotegy 24 27 35 38 The Charity employed 3213)X).' 341 lull lime equanI employee5 during the yeot 42
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 30 September 2021 STAFF COSTS Conllnved The Chortty hos opp10MO1etY 40 oclNe regKJnol commiltees orgorxsing events ond raising money to supp(Yl our charitable cou5e5. Eoch ol these committee5 comprises up to 10 indwiduals. all volunteer5. who cye supwled by the own networks of supporters. No cosls ore reflected in these ffnanchjl slalemenls in respect of the contributn ol unpaid vdunleers. TRUSTEES REMUNERATION AND EXPENSES Costs relaliro to Trustees. meeliros ond Iravd costs were £NIl11)2): £43. one Tru5teel io. TANGIBLE FIXED ASSETS Olffce lumllure. Ilttlng$ and qulpment £'ooo Glfted £'ooo Total £'ooo Group ond chorwy Cost or valvallon AI 30 September 2020 Additions in the Yeor Di5poso15 in the YeoT 51 624 Is 1551 675 1551 Al X)Seplember2021 51 584 635 Depre¢lollon At 30 September 2020 Charge the Yeor DpOsal5 the Yeai 21 464 67 1551 1551 Al Y) September 2(r21 476 498 Net Book Volue AI 30 September 227 137 At 30 September 2020 190 INTANGIBLE FIXED ASSEtS Trad•marks £'ooo Group und thaiity CO or valvatlon AI 30 September 2U20 Addilions in the Yeor 69 AI 30 September 2U21 81 Depreclallon AI 30 September Chorge for the yeor Additional FYOVi5K)n 22 AI 30 September 2021 Nel Book Volue AI 30 September 2021 31 At30 September 2U20 49 43
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 30 September 2021 12. SUBSIDIARY UNDERTAKINGS AND OTHER INVESTMENTS Subsldkny undertoktngs Acllve Subskll(¥les The Charity is a corporole Iruslee and member ol the jOhnne Trust Ilormerfy the 8rian JOh10n Memorial TnJsll company number OXX)4117. Charity rnjmber 1045946 ond has the power lo appoint the other Iiuslees. finonciol slolements. which will be liled wlh the Registrar ol Companies and the Ch(ty Commiuion. ore smimorised Wow. Johnners TNst 2ty21 2Q20 55 Eypenrfrtwe Nel inccxrE forlhe ye(Y 13 FurKts brought 103 15Q Funds C(led fcmjrd anol nel 055e15 145 103 Inacllve sublarfe$ The Charity owns ICQ% ol the is9Jed shcKe cwld of Lerd's Tavemers EnlerISeS urned (company no. 036027251 CYKJ Lady Tovemers Umlted (Company no. 075351811. tsth componE5 ore registered Englar)d and Wdes. were domanl Ilyoughoul the period orKI had nel assets of £2 arKI £1 respeclively. The Chorily. Ihrough ils aiThlily lo OppnI Trustees. controls Lord's Tavemer$ Kll Recycllng Llmlted Icompony no. 7593015. Chority no. 1147621 I wlh net assets ol £S51 12020 £5511 other Inveslments The investment t>(Mtlolio of Ihe Charily was monaged during the financid year by Close Assel Monogement Limited. The Movem investments for yecK wos os follows: 2021 £'ooo 2020 £'ooo Investments Opening bolance Acquisllions al cost Disposds al cost IProceeds £1.824.(KX). 2Y20- £2.51 i.ct(J. Profil on disposal £259.(MXI. 202)- £15.QKKII Unreolised yofil Ilossl for the ye 5,165 6,236 1,593 12.4901 11683 Clogng bobnce 4.449 5.165 Investment Cosh Operyng bolonce Transfer to Lord's ToVeme tKJnk accotmt Acqvisilions ot cost Proceed5 on diSF)05oI Other cosh mov8menls 42 175)) 16&81 1.824 96 256 11.250J 11.5931 2,511 aoyng ba1ce 544 42 TOILI hvestmenls at M(xkel VaKJe al September 3)21 4,993 5.207 Told hvestmenls al Cost al 30 September 2021 4,(64 4,479
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (corrtinued) For the year ended 30 September 2021 12. SUBSIDIARY UNDERTAKINGS AND OTHER INVESTMENTS (contlnued) Represented by= 2021 2020 xed Income Seclies UK Equlies Over5e05 E(Wit5 AllematNe and Property Investments Cosh 1.492 655 1.518 2.210 750 1.558 647 42 544 4.993 5.207 13. STOCK Group Chathy 2020 £'ooo £'ooo Merchondi5e lor Re50 24 27 24 27 14. DEBTORS Group Chorfty 2021 2021 2020 2020 Trade Debtors Debtors in respect of re9)n5 Taxes recoverab Other deblor5 Prepoymenls and accnjed income 117 13 39 82 13 39 82 190 37 195 149 37 195 149 441 458 441 15. CREDITORS: amounts folling dvo vAthln one year Group Char 2021 2020 £.0 2020 £'ooo Creditors rebled lo ch(Yttoble octmties Creditors n respect ol regions Other creditors Toxolion ond sociol security Accru015 ond deferred income ed lo subsidi¢Jy compony 430 71 991 38 178 43 71 112 38 178 43 315 315 21 966 1.419 1,432 Accrua (d deferred income w)clvdes £82,(KXJ120X).. £2,(XX)l of deferred income. Tr)e 21Y20 deferred income was released durThJ the yea ended 3) September 2021. AI 30 Seplember l)20 there was fsl I.(n)130 September Z)19: £778.(KX)I payable in respect ol gronts. During the yeor gronts of £109.1XM)12O." £1,074,1KM)I were aworded ond £839,(XK)12020.' £1,041.(1 were poid, leoving a gront5 pcryoble bolonce ot 30 September 21Y21 of £82,(X)01202D.' £811.(1. 45
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (Contlnved) For the year ended 30 Seplember 21Y21 160 FUNDS 30 September 2021 Ionth9 resotyces I nel resourees I net Inveslment estmenl galns sses Balance at 30 September 2021 alanee al I Tianslers GP UNeslrlcted fvnd5 General Johnner5 Tw5t 13.3591 3.593 145 163 3.772 1.623 3.738 1,549 DesIgrted fwKts (Nole 181 Tolol rest¢t lund5 5.395 13.4541 5.287 Resldcted Ivnds (see Note I Qickei Pfogrorrwnes". wke11 Super Is rob Cricket Other DwtrfFly EqUIpnnI nbuses Pbyspoces 15W50ry WrM$ Wheelchok5 1 Whehir sports 141 30 205 40 61 17421 io 17 22 18 Tolol weslrfcled lunds 81 1.140 19211 Tolal tun 5.476 4.486 14.3751 5,587 16b FUNDS 30 Seplember 2020 reso¢ffces I net resources I nel Inveslmenl Investment Bulun¢e ulJO Strplember 2020 (th¥nce ul I Oclober2019 Transfers £'ooo Gioup unreilrfcled1dl Genefol Johnners Irusl 3.501 3.470 55 14.OWI 1421 1.337 3.0 163 3.051 3.430 3,525 14.7411 14701 1.337 11.3371 3.772 1.623 Dwroted fmY5 INole 18J Totol wjresfvkledlundj I.1 3.525 5.395 ieeslricteiy lunds (s•• N¢1• 14 Crtcket Progrornme Wickelz Super Is Toble Cke1 Olher D150t4Kly Equipment Mintbvses Ploy¥)oces I WheelcJxrs / Wt&eetf sports 15 lif*)I 14841 1451 61 45 14 14321 1231 17 23 131 Tolal re5fviclpd Ivnds 1.219 11, IS91 Tolol Ivnds 7.101 4.744 Id3691 5.470 46
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS {confinued) For the year ended 30 Seplembgr 2021 16¢ Group net assets beeen fvnds 30 Seplember 2021 Unreslrfcled Funds Generol Deslgncted £'ooo Restrlded Fund5 Total £'ooo Tangible fixed as5et5 Intongible fixed a$5els Investmen15 Current Assets Current Liabilities 137 31 3.652 137 31 4.993 1.392 19661 19661 1.549 5.&87 16d Group net assets behveen funds 30 Septembei 2020 Unreslrfcted Funds Generol Deslgnoted Itestrlcled Furtds £'ooo T¢loJ £'ooo Tangible fixed assets Intangible red assets Investments Current Assets Current knobilities 49 49 5.207 1,449 1.623 81 3,772 1.623 81 5,476 17. RESTRICTED FUNDS The restricted ndS repcyled within the finar71 statements represent Ihe consolidotion of o nvmber of individual funds that ielole lo Speci charitable Fxogrammes and may be further restricted either by region or specific oclivily. The folkmro Indale Ihe sources of reslricled income across eoch of the progromrne categor150tions. Crlckel Fxogrammes Wlckelz is o specific progomme ddwerng weewy yeor40md crickel cocKhing lo yourp people in areo5 01 hh deprivation. Olg51e otherwort5hop5 to develop life sklL% ond improve Ihe well being of partlprntS. We w0d like lo thonk for their wpport of Ihi5 specific wogramme.. Royol Bar of Conado Jersey. Hvgh Frcser Fotmdalion. The Wolertoo Foundation. Sussex PCC, 8edlordshire PCC, FOeY KghOfn, Keith Brod5how, Pen Trv5t. Troflord Housing Trust, Cleveland PCC. the 71th May 1961 Twst. Energi5e Me. and those individuob who undertook cross country and losling challenges on behott of the programme. Toble Crkket ts o gome d8&gned oround cricket. 0Yed on o loble tennis lob. to engage individua15 wilh both physical ond le0Mg di5obililies in sp(xl {d lo build leomwork cmd self- confidence. We would like to Ihonk for their supp1 ol this Specific wogrornme.. Pen Trust. Ford Motor Compony. 47
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (conttnued) For the year ended 30 September 2021 17. RESTRICTED FUNDS (continued} SvpÈr ls Fxovides yeor-rowd weekly aicket sessions for young people with o disability to build 50001 oncl 5F)Orting 51J115 ond thus enhance Ih&i confidence. We would Ike lo thank lor their support ol llis specific progr(vnme: The EnglaThJ and Wales Cricket TrLSt ond ECB. Spcxt England. Bthdey FouThJalion. Kent Community F(MJndotion. Sl Johns Folndalion. Hawlhome Tiusl. Gannochy Trust. Sover&gn Health Care. Gerald Mclem Trust. Houghton Trvsl. orKY the mony irKJividtJals. includirKJ membw ol the Englond Di5obiKty cricket 5qvod, who i(Hsed funds f the Fyogromme throJgh Ihe Hvnthed (md the Hub to Hub cholenges. Olher is wmorly Kll re¢y¢ltng. whweby new ond used kit s colected, sorted. ond despotched lo porticipants in Ihe UK ond oround Ihe worfd lo enobk locd people to F)Ortiopote in sport. We woutj like lo thk lor Iher 5vpp(xl ol tFy5 spe01 progromme.. Ellem Fwndation Dlsubnty Progi¢mmes MSnlbuses are provided lo speciol nèèds schods lo enoble ther purMl5 to porticiwle n oclNlties outside ol the schocl premises_ As well 05 the benefi¢ty 5ch¢)ols who provide o donotion towlyds the cost ol thei rniniixjs. we w{xd like to thork Idlown9 51Wrter5 01 indvidud mirNbuse5: Watrose. Loser 8ectrciol Whedchalrs ore provided lo indvidvds CfKI to clth)s seeknng to ocqvire odcyted sports whedchoys lor use by yourKJ peoFJe. P(xlicpont5 Fxovide o (rion toword5 Ihe cost ol the wheelchoir. Sensory Rooms and Pkny spaces wovide specic* cxlcpled eq(ipmenl lo. primarity specid needs schools. for the benefit of pupils with o lecwrmro (K Ysical di$0711y. We would hke lo Ihonk the lolkJwin9 suppcxlers of specific proiecl5." Romply) Trv51 18a DESIGNATED FUNDS-2021 Bolan¢e ut I Odober 2020 Expendlture Tronslèr to unre5trtcted reserves £'Th)o Balance 0130 September 2021 £'ooo Toble Cricket Fund Super I s Fund WceSter Dis(Jt¥lity Centre Fund Programme Evaluation FU FlaS in Trust Fund 539 51J) 200 210 1701 1.623 174 1,549
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) For the y•or ènd•d 30 September 2021 18a DESIGNATED FUNDS- 2021 - contlnued e Deygnoted Funds cOMpe the foUowiTVJ'. Table Cricket Fund - amounts sel aside lo fund the redesign ol table crFcket equipment, including dig11al support maleriab. to enwre thol the gome is more robust and appea15 to young porticipanls. The fund also allows for the replenishment of exilling equipment currently with beneliciary orgonisotions. The Trustees expect the moiority ol this to be expended in the year ending 30 September T2. Super Is Fund - this was established in order to provide additional working capital lo the Super I s progromme in odvance ol Ihe mullpyear partnership wtlh the England and Wales Cricket Board. Th has been lorgely dr(n down. th the balance reflecting lower cost5 in the lotter port of the financial year due to Ihe impacl of Covid 19 on programme deKvery. Th nd wll be vlifised during the year ending 30 September 3)22. Worcester National Disability Centre- funds Set 05ide to support the University of Worcester ond the England ond Woles Cricket Boord in the construction of o new dec%coted disobility cricket centre adjacent to the vnNersity. Pbnning pemiissK)n ha5 now been granted and the gront s expected lo be made durirrfJ 2022. Progromme Evoluolion Fvnd- These lund5 hove been designoled to fund a lull Iependent review of our programme5 in X)22 12023. ond lo implement recornmendotions that moy orise from such a review. Fiel(Ss in Trusl Fund- these funds have been Set oside to fund o five year pnerShip through to 2025 with Fielcls in Trust - o kjngslondng chCty prylner- to fin(ce the proleclK)n ol green space5 for community 5UPPQ¥t. 18 b DESIGNATED FUNDS- 2020 Balance Transfer to Expendllure Tronslw to 8alance at New unre5tr1cled 30 Fvnds reserves Septernb•r 2020 £'ooo Odob 2019 £'ooo strotegic Devejopment FLKKI Speciol Projects Fund Table Cricket Fvncl Super Is Fund Worcester Disability Centre Fund Progromme Evaluotion Fund Fields in Trust Fvr 737 1.9AJ 543 17371 16001 11,350J 543 {4CL)I 200 280 350 1701 14701 11.337J 1.623 19. TAXATION As the Lord's Tavemers Limited o regislere(I chority il is entilknj lo the exemption5 from corporalion lox ollorded by the relevant Sections of the Corporolion Tax Act 2011 so far as its income and gains cra opplied for choritatrAe pwposes. 49
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) Foi the year ended 30 September 2021 20. COMMITMENTS The bose rn respect ol the mon oflices 0190 Ch(mcery Lone expres in 2V24. The total p¢Jyc71Je b&tween September f21 and IIE erKI ot Ihe leose s £7.(xJ. A len-yeor leose l<x o worehouse wos entered into Y) rdation lo knl recycling w¢Jehouse in Ipswich in November 3)21. The rent due under thi5 leose 15 £43,IXX) per annvrn orKI there is o break exercisable on the sixth onnNwry. the comrThtment to Ihal date bev)g £179.CO). The Charity hod no other maleri¢J commitments 0$ 0130 September 3)21 whh are nol subject to hmthaising in lulure periods. The obove operatirvJ le£e commitments can atso be svmmarized os lolows: 2021 2020 £'ooo Payoble in less thon one yeor 279 279 P0ye in 2- 5 yeors 407 725 Poy&)le over 5 yeor5 1,010 21. RELATED PARTY TRANSACTIONS As al X) September 2)21 the Charitywos owed U).330 by the Johnnerg Trust12020". due from the Trust .1. Dur#ig the linCmCK year the Chorily mode o gront lo the Tru0 ol £Ni1120. £Nill. 22. CONSTITIITION The Lord's Toverners Limited is o compony limiled by gr{lee with approxmatdy 3,3C() members 12020.. 3.480 membersl. The m0muM liokn.llly on winclng up for eoch member 15 £1. 50
THE LORD'S TAVERNERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the year ended 30 September 2021 23 Cortsolldoled Stolement of Hnanclal Aclivllies lor Ihe yeaT ended- 30 September 2020 Reproduced from Ihe 2020 Annval report lo provide compor¢yllve Informallon to the $talemenl on poge 34. UtwesM¢led Funds GOI1 DeSnOtd Reslrl¢Fed lurKIs Total £'ooo £'o Income Income und trtdo¥Ymefits fvom: FUtrai$1ng events 1.9n 71 2,043 VokJnlary income QX)naMons LegacEs Sub5cripIK)ns and entrae lee5 Investment and olher income 2.233 311 152 152 TO1 3.525 1.219 4.744 txpendmuie Ro151ng tvnd5 Furvyrosing octmties Z596 2,596 Chorllvbje actlvltte% [sadvan1aged oncl otsOb Crvxet Minibuse5 sabdily ond Neecls jthnnS Trusl 1.165 524 470 701 432 25 2.336 956 314 14 14 1,992 470 1,158 3.620 lotol expendltwe 470 1,158 6.216 Net expend]luIe beltye on Inveslments 14701 61 11.472i Nel reaF5e¢J orKI unreoknd Ilossesl hveslmenls 11531 Nel expendtlvre the yeur 14701 61 ter fund transter IlJ371 Nel movemenl n fulS knthe ye(y 61 BoloKes iyought ol l trttthr 3.651 7.101 Bolonces curled l+Xt¢id ut Xl September 16 3.7n 1.623 81 5.476 51