LORD'S TAVERNERS Empowerin9 young people through cricket •k4 THE LORD'S TAVERNERS LIMITED IA company limited by guarantee and not havin9 a share capilall Trustees, Annual Report and Consolidated Financial Statements For the year ended 30 September 2024 Registered Company No." 582579 Registered Charity No= 306054 OSCR Regulotor No." SC046238 FLJIiERAJgXG THE LORD'S TAVERNERS LTD Year ended 30 September 2024 CONTENTS PAGE Reference and Administrative Details Chair's Introduction Report of ihe Trustees (incorporating the report of the Directors and Sialement of Truslee responsibilities) Financial Review 16 Independent Auditor's Report 28 Consolidoted Sialement of Financiol Activities 31 Siolement OF Financial Activities Chority only 32 Bolonce Sheets 33 Consolidated Siolement of Cash Flows 34 Notes to the Financial Sialemenls 35 THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REFERENCE AND ADMINISTRATIVE DETAILS Founding Patron and Twelfth Man HRH Prince Phillip President Dovid Gower Trustees and Direwrl FELT MORE ACTIVE 254 WICKETZ AND SUPER Is HUBS OF PARTI(IPAKt5 SAID THEY - 124% increoselrthTh wewous yeorl FELT MORE CONFIDENT LIFE SKILLS WORKSHOPS DELIVERED OF PARTI(IPANTS SAID THEY FELT MORE INCLUDED 125% iTpcre¢JJ8 hom pr6v￿)￿S yeorl THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Our Outcomes Our outcomes are underpinned by core themes thal we seek to develop within eoch of our pro9romme5'. Improve Artivity Levels and Promote Healthy Lifestyles IMPROVE AcllviTY LEVELS Children and young people From less aFFluenl Families are less likely lo engage in physical activity, putting them at greoter risk of on unhealthy lifestyle. This issue is even more pronounced for Ihose with disabilities, who face barriers lo accessing sporls and facilities. Regular physical ond sociol oclivity is crucial for both menlol and physical health. Our Free, inclusive cricket programmes aim lo lackle this, offering weekly sessions thal promote exercise, compelition, ond the developmenl of life skills among young people. here's pupils I can think of now ihol, os a resuli of playing cricket and Ihe engagement ond enthusiasm Ihat ihey've had. ore now more oclive. They're goin9 out al lunchtime and doing a daily mile, when they weren't before. They know Ihey've got cricket coming ond you can see them olways trying lo r&enoci the crickel lessons wilh one of them being the leacher on Ahe playing field." SEND Teacher AND PROMOTE HEALTHY LIFESTYLE.S Increase Confidence and Self-Esteem Self-esleem and confidence are vital lor the gr0￿h of young people with disabilities and from disadvontoged bockgrounds. They help improve wellbeing ond personol development wiihin their communities. Studies show a strong link be￿een sporls ond mental heolih, with young people in underserved Oreos benefiting from physical activity. Regular participation boosts self-worih, resilience, and menlol healih. Confidence also helps combot depression and loneliness, ond our programmes provide a supporlive environment For young people lo thrive through consistent oclivity in local community hubs. INCREASE (ONFIDENCIE Mum OF Hampshire Super I s Participanl, Hodley." "His conlidence hos gone throu9h the roof since joining Super 15. A few years ago, Hodley would have been terrified lo walk into o hall full of people he didn'l know. Super Is is inclvsive and friendly yel keeping the activity compefilive. It's the best of both worlds. AND SELF-ESTEEM Promote Social Inclusion Community cricket programmes like Super I s ond Wicketz help breok borriers to pcrlicipalion, including discrimination and exclusion. By Fostering inclusivity, sport builds stronger communities ond supports individuals focing sociol isolohon. Our programmes ensure young people with disabililies and from deprived areas Feel crickel is for them. Inclusive sessions bring tO9eiher those facing ineqvolity. offering a supportive space lo be active. Young parliciF)anls and their families gain opporlunilies to connect, overcoming chollenges through shared experiences in a welcoming environment. PROMOTE. SOCIAL INCLUSION South Wales Wickelz parlicipanl.. -1 can't really imo9ine myself nott doing Wicketz now. I think even if others I play wilh live with a disability or have different religious beliefs, we all corne Aogefher and we're one team.- THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Inspiring Stories IMOGEN Imogen lives with Autism and ADHD. She hod to slop attending school a few years ago due lo bullying (mental, physical and cyber) she was experiencing, which contributed lo her menlol heolih reaching on all- time low. Nearly a year aFter her First experience walching cricket al The Hundred, Imogen decided she wanled to ploy os well. Mum Sleph sow a flyer for Super I s shortly aFterwards, and Imogen decided lo give il a go. Since her first session Imogen has gone from strength lo strength. She's played variou5 Super I s tournament5 and even tried hard ball cricket. Ploying the sport hos massively developed Imogen'5 confidence,. She hos made new friends, where she 5tru99led to maintain relationships before, ond has become a role model For other girls looking to toke up the gome_ Cricket has been Iransformotionol for Imogen, with the illusFrotion of this bein9 that she is now considerin9 a return to a suitable schwl. "I love going to Super 15. 1 feel happy and safe and enjoy playing where the proFe5sionals proclice" EMMANUEL Emmonuel lives in a deprived oreo of Glasgow where his Fomily hos few economic advantage5, and social cohesion 15 a bi9 issue. He hos been coming lo Wickelz sessions in Springburn since April 2018, olongside children from a vast range of cultural backgrounds. When Emmanuel started comin9 to Wicketz, he didn't take any port of il seriously- just like ol school. However, it wosn'l long beFore there wos a marked change in hi5 attitude showin9 nol only in the cricket ses5ion5 bul olso ol school ond home. According lo his school, he is now excelling academically. He has also become an inlegral port of the Wickelz community, where he now serves os o young leoder and mentor to other parlicipanls. Over the course of his lime with Wicketz, Emmanuel's mother has observed significantr chonges in his personal and sociol development_ He ha5 formed many new friendships and he now lakes care of his sister ol home ond during Wickelz sessions, ond helps her with homework. The leadership work5hop5 al Wickelz have helped Emmanuel develop his skills ond sense OF responsibility. He hos become more conscienlious about supporting the coach and his team, and he has taken on more responsibililies such os serving os the coploin of his leom_ Both Emmanuel's parents hove become involved with Wicketz too ond ore enjoying the social inclusion this has brou9hi the family as they socialise with the wide ronge of people involved in Ihe Glosgow project. 10 THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Our Strategic Objectives The charity's mission is to empower young people facing ihe challenges of inequality. We have put thi5 at the hearl of everything we do. We launched a ihree-year slralegy in 2022. 11 has seven Strategic objectives ihai focus on improving our impact and reach, and also prioritised our need lo transform our culture, struclures and approache5 lo meet the expectations OF our stakeholders as well as the requirement5 of regulators and legislator5 Wlth ihe drive to significantly improve the capability and performance of the organisation. The successful execution of the stralegy will ensure we are a more modern, forward looking, agile organisalion thal continuously develops lo meet the evercommittees, eoch of which comprises at least one Trvslee, Members with parlicvlor skills in the relevant orea, and members of the executive team responsible for ihol activity,. and The preparation of regulor reports covering all significant ospecls OF the orgonisotion, circvlated to relevont committees ond to Trustees. Overall atlitude to Governance The Trustees are committed to a continued strengthening of our governonce, ond continve to benchmark policies, ottitudes, ond culture ogoinst the Chority Commission's Code of Governonce for Lorge Chorities, ond the Sport Englond Tier 3 Governance guidonce, the highest standards set out in the Code for Sports Governonce. sl 23 THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Our Committees The Trustees have established o number OF committees in order lo hove oversight of various ospects of the Charity. Eoch committee has its own terms of reference, is chaired by o Trustee ond eoch meets ol leosl four limes a yeor. The principal Committees ore os Follows: Governance and Finance Focuses on ihe Chority's governonce and compliance matters, as well as oversight over finoncial matters ocross the Charity- It will also consider ihe audit and auditor independence, oversee Inveslment Management, and consider the Charity's internal controls. It also works wilh the executive team to ensure that there is a framework i n place for transparency, accountability and risk management. It meets at leasi four times a year and is choired by Truslee Francis D'souza. Committee Members are David Baxondale, Nick Govin-Brown, Nigel Halkes and Sophie Kilvert. Charitable Programmes Oversees all of the aclivity of the charitable programmes team, including approval of new initiotives, and considerotion of issues arising out OF the programmes. It also works closely wilh the executive leam in considering oreas OF impact, and the processes in place for monitoring and evaluation of the effectiveness of programmes. It meets at least four limes a year and is chaired by Trustee Paul Walker. Committee Members are Paula Koutroubis, Ajay Sharma, Shruit Saujani. Fundraising and Marketing Works wilh the executive team on Ihe areos of membership, marketing ond fijndroising, deboting new initiotives ond cvrrent trends. li will consider areas of brond, exlernol communication, portnerships, statvtory funding ond fundraising campaigns, os well as considering woys to enhonce existing aclivity. It meets ot least four times o year and is chaired by Trustee Rochel Kirby-Ryder. The other Trustee representatives ore Svkhjit Grewol ond Gordon Kennedy. Committee Members ore Tommy Lloyd, Ben Siogg. Anush Newmon, Geroinl Jones and Jamie Grohom. People and Cul￿re The People and Culture Committee takes delegated responsibility on behalf of Ihe Trustees for the oversighi of the people and culture strategy embedding of Ihe Charity's values and culture into and across ihe organisalion. It is responsible for responsible for ensuring safe9uardin9 rules are integrated into the people and culture plan and oversee safeguardin9 of employees. volunleers and members. It meets at least four times a year and is chaired by Trustee Jenn Barnett. Suzy Farthing is Ihe Safeguarding Trustee. Committee Members are Tracy Warrington, Marion Inkster, Peler Johnson and Rebecca Fox. Transformation This committee was sel up in year to support the delivery of the Iransformalion programmes. It main purpose is to agree high-level ai ms/strategy of the projects. Check and challenge on the budgeting and planning of the projects and monior risks. Approve projecls to launch, and reportin9 lo board like the other committees. It meets a least four times a year and is chaired by Trustee Abeed Janmohamed. Committee Members are Sieve Thomas and Bernadette Gilbert. As well as Members with appropriate expertise and members of the Executive team, the Chair of a Committee can also invite individuals who are outside of the Charity to sil on Committees where iheir expertise is considered appropriate. 24 THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Risks The Trustees, with the Senior Leadership Team, review the risk register on a regular basis. This is lo ensure Ihot there is a cleor recognition of the significont risks for the chority and ihol there ore plans in ploce, os for as is reasonably proclical, to mitigole those risks. The Trustees, odvised by the Governonce and Finonce Committee, hove identified the key risks ond have pul in place a number of procedures in order to, os Far os possible, sofegvord the charity from those risks. The principle risks ore.. Safeguarding Sofegvording applies ocross oll of the chority's activities, and relates to every individuol who comes into contact with us, whether they ore participants, svpporters, staff, trustees, volunteers or members of the public. The chority has established clear channels of communicotion in relotion to the reporting ond monogemenl of safegvording incidents. ond has enhonced its internol troining progrommes. In relolion to our cricket progrommes we continue to work closely with the ECB io ensure thai the programme coaches ore fully trained and hove the obility to raise concerns. To support Trustees we have an independent consvltation ponel who ossist on procedvres ond policies. Fundraising Income and financial stability Unlike many charities, the Lord's Taverners derives income from a nvmber of sources. That having been sold the pandemic hos shown ihal significant income streoms lsvch os fundraising events) can swiftly come to o holt. Our portnerships with People's Postcode Lottery, England ond Wales Cricket Board, Sport England and Berkeley Foundation are significant however there remains a need to expand our ronge of fundraising to redvce our relionce on a hondful of key funders, or a single income stream. Diversificotion and slrengihening the income streams for the chority is o core port of the Strategy ond Business Plan approved by Trustees ond now being implemented by the Executive Teom. This includes enhonced skills and experience, ond improved systems ond pipeline management. Governance The Lord's Taverners is a Company limiled by guarantee, where our Members are our "shareholders" for companies act purposes. This 9ives us the ethos of a membership charity. as has been parl of the charity's culture since it was founded in 1950. In the current environment il is essential that the charity conforms wilh all of the governance requiremenls, and indeed reflects best charity sector practice wherever possible. The Truslees conlinue to focus on ensuring good governance and have improved Ihe balance of the Board to ensure il can have access to the most appropriale skills and lived experiences around Ihe table, and enhancin9 the role of the Nominations Commillee to help ensure this is achieved. Media and Social Media Inappropriate commenls on social media or within the media can, in the digital age, quickly gain momentum, wheiher they genuinely reflect the views of the charity or nol. The charity conlinues to review and enhance its Sy5tem5 for managing and monitoring Social media, providing guidance to volunteer5 - particularly those in organising events, improving briefings for speakers at our events, and enhancing our communication framework generally. 25 THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Risks (¢ontinued) Asset resource management / Organisation change Good managemenl of our assets and resources, be they people, property, investmenls, brand5. repulalion. or programmes, is an essential part of good governance. Each of these areas, while delegated on a day-t(>day ba51S to the executive team. is overseen by a particular committee lo ensure that the charity has strong inlernal controls. effectively manages all of its asset5, and, for example, in relation to 5tafF and volunteer5 provide the appropriale training and iools for ihem lo develop. The executive team ha5 been strengthened through the recruitment of a Director of People and Organisational Development. working c105ely with the executive team on ensuring ihe charity ha5 a well skilled and motivated work force, and a150 with Truslees around the Board and Committee memberships. Cyber / Data protection Proteclion of our dato contained on our membership and supporter dalabases and security around all of our IT systems - particularly i n a time of hybrid working is conslanily monilored. Following ihe review of IT security and systems and in the light OF changes in doto legislolion, the charity is currenily undergoing an independent review around data monogemenl, policies, procedures and retenlion ensuring that the charity is complying with all relevant legislalion, and that staff and volunteers have ihe right levels of knowledge and experience in this area. In line wilh besl practice, the charity hos appoinled an independent dala expert as their Data Prolection Officer, enabling an objective assessment of praclices and policies to be applied. 26 THE LORD'S TAVERNERS LTD Year ended 30 September 2024 REPORT OF THE TRUSTEES {INCORPORATING THE REPORT OF THE DIRECTORS) Statement of Trustee Responsibilities The Trustees, who ore also directors of the choritable company, ore responsible for preparing their report and the finoncial stotements in accordance with opplicoble low ond regulotions. Compony law requires the Trustees to prepare Finoncial stotements for eoch financial yeor. Under ihoi law the Trustees hove elected to prepare the Finoncial stotements in occordonce with United Kingdom Generolly Accepted Accounting Practice (United Kingdom Accounting Stondords ond applicoble lawl- The Finoncial stotements are required by low to give a true ond foir view of the state OF the offairs of the choritoble compony ond the group and of the surplus or deficit for thot period. In preparing these Finonciol statements the Trustees ore required io.. Select suitable accounting policies ond opply them consistently Observe methods ond principles in the Chorities SORP Make judgements ond estimoles thot ore reosonable and prudent Stole whether applicable occovnling standards hove been followed, subject lo any moterial departures disclosed and exploined in the Financial stotements Prepore the finonciol slolements on the going concern bosis unless il is inappropriate to ossume that the charitable company will continue in operotion The Trustees are also responsible For keeping proper occounting records that disclose with reasonable occvrocy at ony time the finonciol position of the choritoble compony ond enoble them to ensure that the financial slolements comply with the Companies Act 2000. They are also responsible for sofeguording the assets of the choritable company ond hence For toking reosonoble steps for the prevention and detection of froud ond other irregularities. Statement of disclosure to the auditors So Far as the Trustees are aware: lol there is no relevont audit informolion of which the Company's auditors ore vnowore, and Ibl they hove token oll the steps that they ought lo have taken as Trvslees in order to make themselves aware of any relevont audit information ond to establish thot Ihe Compony's auditors ore oware of that informotion. Going Con