COVENTRY SPORTS FOUNDATION
A COMPANY UMITED BY GUARANTEE
Charfty number 700409
Company number 02239584
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
PAGE
Company Informatlon
Report of Ihe Dlrectors
Independent AudStor's Report
Statom8nt of Flnanclal Activiti88
10
Balancè Sheet
11
Statement of Cash Flow
12
Notes to the Financfal Statements
13
Trading Account
22

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
COMPANY INFORMATION
FOR THE YEAR ENDED 31 ST MARCH 2024
DIRECTORS
M. Shaw (Chairman)
Z. J. Gahir
J. Horrabin
A. Maqsood
D. R. Moorcroft
R. S. Wildman
SECREfARY
P. N. Breed
SENIOR LEADERSHIP I MANAGEMENT TEAM
P. N. Breed (Chi8f Executive Officer)
S. D. Wiles (Chief Operating Officer)
S. T8rtJlans (Finance Director)
J. Murphy (Corporate Strategy Director)
E. O'oonnell (Social Impact Director)
K. A. Healion (Head of Operations)
W. A Jackson (Head of Community D8velopm8nt)
C. Panler ( Head of Wellbeing)
M. Condlllac (Head of Flnanc81
L. Bowell (Head of Human Resources)
A. Surey (Head of Marketing and Communication81
S. Kaur Sahota (Head of Corporate Programmesl
J. Biggins (Head of Faclllles Management I
REGISTERED OFFICE
Xcel Leisure Cenlre,
Mitchell Avanue.
Canley,
Coventry.
CV4 8DY.
REGISTERED COMPANY NUMBER
02239584 (England and Wales)
REGISTERED CHARITY NUMBER
700409
AUDITORS
Daffems LLP,
Chartered Accountants,
One Eastsvood. Harry Weston Road
Binley Business Park
Binley
Coventry
CV3 2UB.
BANKERS
Natwest Bank Plc.,
Coventry Clty Office,
24 Broadgate.
Coventry,
CV1 1ZZ.
SOLicrroRS
Brindley TwistTafft & Jam6$ LLP
Lowick Gatg
Siskin Diive
Coventry
CV3 4FJ

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
The Directors. who are also the Trustees, ar8 pleased lo present their report. together with the financial statemen15 of
the chantable company for the year ended 31st March 2024.
PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of providing leisure activities and programming
recreation and physical education to under-reprv6ented communities.
DIRECTORS
The direclors who have served during the year and since the year end y￿re as follows..
M. A. Shaw (Chairman)
Earf of Aylesford {R8sign8d 10 July 20231
D. R. Moorcroft
Fi S. Wildman
Z. J. Gahir
J. Horrabin
A. Maqsood
ADMINISTRATIVE INFORMATION
The Company is governed by Ils Memorandum and Article$ of Association. Company Numbor.. 02239584.
The comp8ny is a registered charlty (No. 700409).
CHARITABLE OBJECTIVES
These slate that the overall oblecllve is to provide facilities for recreation, physical education or other leisure lime
occupation in or in connection with the City of Cov&ntry.
POUCIES TO ACHIEVE OBJECTIVES
Coventry Sports Foundation operates and promotes for the benefft of the puLlic various progr8mm8s and projects In
support of Its objects..
Centre AT7., the Xcel Lalsure Centr&; the Alan Hlggs Centre; and the Moat House Lelsure and N&lghbourhood
Centre - community 18isur8 and recreation centras that specifically programme and prlc8 activities to attract
partlcipalion from under-represented groups In identlfi8d areas of deprivation within Coventry.
The Wave - the dgslinatlon waterpark venue in the ¢lty centre, which combin85 the waterpark allraction with
fitness and health facilities, which are accessible under the Same terms as the other community facilities operated
by the Foundatlon.
In addition to the facility based provision of sport from its facilities, the Foundation provldes opportunities and
experiences through a number of inilialNes and outreach programmes..
Go CV - Coventry Sports Foundation has worked with Goventry City Council to d8V8lop, test and
implement a city wide access and loyalty scheme, which se8ks to provide beneficial use to people from
Coventry.
Community Development- the Foundatlon is unique in so far as it intèrnalises the function of community
development within a specific department, to ensure that a wide fftnge of sports, activity and perfomiing
arts prograrnmes are researched. programmed and delivered at a neighbourhood level.
Acces5- the Foundation delivers numerous events. tournaments and coaching programm8s for disabled
groups and individuals, along with activities to ensure ihal acce55 to physical activity and well-being
programmes reaches thosg that are most under represented.
The Trustees have had regard to the Charity Commission for guidance on public benefit.

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
ORGANISATIONAL STRUCTURE
The Board of Directors retain the ullirnate control and decision making authority and delegate day to day management
responsibilities to the Chief Executive, who leads a Senior Management team in the operational and service delivery.
The Board meet quarterly and more frequently when required.
New Directors are recomTnended by individual Director5 and their appointment confirmed at a Directors, meeting. All new
Directors are provided with an induction to the company and assixiated training in key areas of responsibility-
Senlor management remuneratlon
The Directors consider annually the pay and remuneration of the charity's Senlor Managernent team by benchmarking
within the industry.
ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR
Throughout the 2023124 year, the Foundation continued to Perfo￿ robvsuy in the face of th& economic and cost of living
challenges. The nel financial performanc8 of the company produced a surplus of £650k during the year, which was only
then reduced by a d8ficit rev81uation on inv89tmenls of £61 k, turning into a net profit of £589k. The cash flow position of
th8 company remained strong in relation to building towards the target set within the Risks and Reserves pollcy.
Usage and participation across the Foundation'8 Portfolio of facllltles conts'nued to grow, wlth there being an ov8rall gr￿h
in partlGipalion of 385,000 usages 10 8 lolal 012.29 milllon usages - an increas8 of 20./0 on the previous year. Nearfy all
of the areas of participation contributed to the growth, with the Lifestyles Health an¢ Fitness mernbership growing to just
over 14,000 during the year (with continued growih towards 14,700 at the time of the ￿POrt). The Lifestyle5 team also
SUCC855fully launched the Bio Circuit concept within the Xcel Leisure Centre, which is a short, tailored workout whereby
the electronic equipment adapts to the body and guides the user as they exercise, providlng the user with a personal
training experien￿.
Community Development programm8s also continued to flourish, with the Aquarius Learn to Swim pTogTamme growing to
93Yo of its capacity with 3.300 enrolled swim learners. assisted by the launch of online enrolments., more than 7,000
children participating in the Holiday Activity and Food IHAFI programme., along with the continuad work of the Go Canley,
Go Tile Hill, Go Willenhall and Coventry Moves programmes.
The continual pursuit of high quality venues and experiences remains c8ntral to the successful growth of participation
across the Foundation, with each of the Foundation's venues being progressed through the Quest Assessment process,
which is a recognised sector kite mark for the quality of venues and seryices. Moat House Lelsuro and Neighbourhood
C8ntre w8S the first to b8 assèss8d achieving a standard of 'Good', with its annual re-assessment having occurred very
re¢enlly al the lirng of the report. The Alan Higgs Centre was then assessed lo have achieved a standard of 'Very Good,;
followed by C8nlr8 AT7 also achievlng a standard of'very Good, mr8 recently.
Aongslde these quallly measures and accredhallons, the Mana Spa wa5 recognised once again by belng ghortlisled for
the second time in the final of the 'English Hair and Beauty Awards. and has more recenuy been award8d the Phorest
Client Experience Award for an average client rating of over 4 out of 5 stars.
The Foundation continued to be successful in attracting funding from external sources for both revenue funded and capital
programmes. Throughout the course of the year, the Foundation was successful in attracting £216k of revenue funding
from the Sport England- Swimming Pool Support Fund. to support the operations of all four venues that operate swimming
pools- The Wave,. Xcel Leisure Centre., Centre AT7,. and the Alan Higgs Cenlre. The fund was launched by Sport England
in specific recognition of the increased pressures being incurred by swimming pool operators as a result of escalating
energy and swimming pool supplies costs.
Similady, a successful capital funding application to the Swimming Pool Support Fund for a new Building Management
System and LED lighting al the Xcel Leisure Centre {£216k}, has since been cornplemenled by further awards for
investment inio Solar Panels al the Aan Higgs Cenlre1£250kl and Solar Panels and LED lighting improvernents at Centre
AT7 {£272kl. The total capital investment by Sport England into the CV Life leisure facilities of £738k, will produ￿ an
eslirnated savings in energy costs of in Ihe region of £142k p8r annvm.
The Go Canley. Go Tile Hill and Go Willenhall programmes were awarded an additional £200k of funding from the
Commonwealth Active Communities fund to 5UPPOrt a two year extension lo the delivery of the prograrnme. with the
challenge being to build the sustainability into the programm85 beyond the life of the funding.

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 ST MARCH 2024
ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR (cont...)
The Coventry Moves programme was also awarded additional funding to secLJre the d81ivery of the programme into a
further year. bul now also being challenged to build sustainability beyond the life of the funding.
The journey to understand and continuously improve CV Life's environmental performance commenced with the signing
of an 'Environmenlal Sustainability Commitment Slalement, and a partnership with consullanls Nature Positive to assisl
in the development of an Environmental Policy and associated Action Plan.
Coupled with the appointment of a Social Impact Director, the future ambitions of the Foundation are to ba completely
transparent through reporting on financial sustainability- social impact,. and environmental sustainabilty.
The work of the Social Impact Director going forward will provide some focussed work and investment into dr8wing cwcial
insight into these areas and working with city wide partners to innovate programmes of intervention that can enhance the
outcomes from 8ach of these areas.
The year ahead will undoubtedly provlde some of th8 most slgnlficanl challenges faced by Covenlry Sports Foundation,
as recent budg8t announcements relatlng lo the costs of employment are sel to impact dramatically on the work of the
Foundation - not just through the increased costs lo b8 incurred inlemally wllhin the company,. bul also through the cost
of Ilvlng Impact and the discr8tionary spend available to people as they prioritlse thelr spend. Indeed, the first slgns of an
impact have b88n nolic8d within the holiday participation at the waterpark within th8 Wavè, which r8pr8sents a destination
venue for family spend.
As always, tha Trust88s would like to record their appreciatlon lo the teams from across the Foundatlon for their continued
endeavour to provide such a broad and meanSngful programme of activity and 8XP8riences. amidst the significant
challenges being presented to all businesses within the current economic dimale.
Fundlng Sources & How They Support Key Objecllves
The majority of Income in the Found81ion com89 from sports, racreallon and leisure activities, which is normally more than
sufficient lo cover the expenditure incurred. Other significant sources of income include grants and donations. investment
income and income from oth8r trading activlties.
Related partleB relatlon8hlp8
There are no related paty transactlons.
Investments
Surplus funds 8re plac8d with professional inv8Stment advisors and invested In low rlsk investments. To dal8 the r8turn
has been slgnifi¢antly better than holding monies on deposit with bank5. The performance is reviewed on a regular basis.
The investments comprise equities, flxed Inlerasl treasury bonds and prop8ty as detailed in note 11.
FINANCIAL REVIEW
The results for the year and the financial posillon of the company are shown in the annexed financial st8t8m&nts.
Incoming resources this year increased by £1.229.794 to £11,336,988 Total resources expended were £10,686,981 an
increase of £850,922. The net result was a surplus of £650,097 before a deficit of 1£61,3321 on the revaluation of
investments to give Net Income of £588,765. When added to the fijnd balance brought lo￿ard of £2,395,430 at 1 st April
2023 this gives a surplus balance of £2,984,195 of which £39,370 is reslncted.
The Balance Sheet shows net current assets of £742,979. The cash balance of £1,994,321 is £578,537 higher Ihan 2023.
The companvs assets continued to be used for the companws objectives of providing facilities for Trcreation, physical
education and leisure time occupations. The company continues to be grateful for the generous support that it receives
from its major sponsors and donors. The Directors consider that the (xjmpany has sufficient funds lo meet its objectives.
Kèy Performance Indicator5
Company prOg￿5S is measured against Key Performance Indicators that relate to both financial and impact indicators
both quanlitively and anecdotally- including membership numbers, foottall. adivity participation along with the impact that
programmes have made to people's lives.

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
RISKS AND RESERVES POLICIES
The Directors are conscious that the risks to the cornpany arise from hvo potential sources. The first of these arises from
the necessity to obtain the continued 5UPPOrt from grant funding and other charitable sources lo underwrite the service
provision to the Foundation's target groups. The second relates directly to the operational management and performance
of trading facllities.
The Directors consider that the total required funding to meet potential contingencies amounts to approximately £3.4
million equating to 9 months payroll. Reserve5 are defined as investments plus nel current assets, which in 2024 were
£2,778,042, being still slightly beneath targ8t.
TRUSTEE I DIRECTOR INDEMNITY INSURANCE
The Foundation holds insurance to indemnify the Trustees l Directors against the consequences of any neglect or default
in their part.
PLANS FOR THE FUTURE
As for many organisalion5, the short term future of the Foundation is goirsg lo be presented with some significant economic
challenges
inflation,. the cost of arnployment; energy,. and the reliance upon discretionary spend from visitors and
customers who will also be faclng th8 impact of the cost of living crisis.
Accordingly. the Foundation is s81 to explore a range of n8w initiatives and 8fficl8ncies across the company, such as
working with a Sport England inillaliv8 to review swimming p¢)ol versatility and use, with the possibillty of increasing th8
scope of the Aquarlus Learn to Swim pro9ramme.
The delivery of the energy capital inslallalions through the Swimming Pool Support Fund will be critical in not only realising
the projected revenue efficiencies, but also in meeting the emerging environmental sustainability targets and markers.
The appointment of 8 Head of Commercial Services will continue lo explore and further the cornmercial opportLJnities that
are available to the Foundation, whi5s1 the appointment of the Social Impact Diwctor will seak to ensure that Inv8Stment
into Gommunity programmes and iniliallves in resulting in largeled impact alongside other city wide partners.
Continued focus on th& quality of the venues and service delivery will be cruclal to the 'value' decisions b8ing made by
people in relation lo thelr discretionary spend, so that lh8 achievement of the Quest standard at the Wave along with the
renewal of th8 varlous Quest awards at the community sites will be central to this ￿ncentratIon.
The challenges belng presented by the economlc conditions are unprecedented in the history of the Foundation, so that
the need for innovative d81ivery and the ability to achieve the greatest outcomes for investment into servicès and
programm85 15 bgcoming rnore Critical tc the future achievements and sustainability of the busine55 than ever,
GOING CONCERN
The charity currently has a good level of Ilquldity which the trustees consider sufficient to see the company through any
potential implic8tion5. Based on these assessments the trustees have a reasonable expectation that the company h85
adequate resources to continue for the fores88able future, as a result the going concern assumption continues to be
adopted in the preparation of financial slalements.
STATEMENT OF TRUSTEES'IDIRECTORS, RESPONSIBILITIES
The Trustees (who are also Directors of Coventry Sports Foundatson for the purposes of company law} are responsible
fof prepanng the Tru5tee5' Annual Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a tiue and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources, induding the
income and expenditure, of the charitable company for that period. In preparing these financial stalemenls, the Truslees
are required to-
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP IFRS 102)-
make judgements and estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject to any material departures
disdosed and explained in the financial statements..
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charitable company will continue in operation.

COVENTRY SPORTS FOUNDATION
A COMPANY UMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENT OF TRUSTEES'IDIRECTORS. RESPONSIBILITIES (cont...)
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any tim
the financial position of the charitable corllpally and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charllable company and hence for
taking reasonable st8ps for the prevention and detection of fr8ud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on Ihe
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financi81
ststements may differ from legislation in other jUTisdiclion8.
STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS
We, the Directors of the company who held office at the date of approval of these financial st8temenls, as set out above,
each confirm so far as we are aware that..
there is no relevant aL4dlt information of which the companvs auditors 8re unaware,. and
we have taken all the steps th8t we ought to have taken as Directors in ord8r to make ourselves aware of any relevant
audit information and to establi8h Ihal the company's auditors are awar8 of that infomiation.
AUDITORS
The audrtors, Dafferns LLP, wlll be ra-appoinled at the fOrth￿ming Annual General Meetlng.
Thls report has been prapared In accordanc8 Wlth th8 Special provisions of Part 15 of the Companles Act 2006 rnlatlng to
small companies.
ON BEHALF OF THE BOARD:
A. M. Shaw- Dlr•¢tor
Dated.. 10lh December 2024

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
We have audit6d the financial statements of Coventry Sports Foundation (the 'charitable company'l for the year ended 31
March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cashflows and
notes to the financial statements, including a surnmary of significant accounting policies. The financi81 reporting framework
that ha5 been applied in their preparation is applicable law and United ￿.￿gdoM Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in th8 UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the stale of the charitable company's affairs as at 31 March 2024, and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended,.
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and
have been prepa￿d in accordance with the requirements of the Companies Act 2006.
8aBI8 for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in thé Audltor's responsibilities for the audit of the financial
statements section of our report. We are Independent of the chantable company in accordance with the ethical
requirements that are relevant lo our audit of the financial stslements in the UK. including the FRC'S Ethical Standard, and
we have fulfilled our other ethical responsibilities in accordance with thes8 requiramenls. We believ8 that the audit
8vid8nc8 wo have obtslned is sufficient and appropriate lo provide a basls for our opinion.
Con¢luslons relatlng to golng conc•rn
In 8uditing the financial statement¥, we have conduded that the trustées, use of the going concern basis of accounllng In
the preparatson of the financial statements is appropriate.
Based on the work we have performed, we have not identlfiad any m8teri81 uncertainties relallng lo events or conditions
that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going
concem for a perlod of at18ast ￿e1ve months from when the financial statamants ar8 authorlsed for issu8.
Our responsibilities and the r8sponsibiliti8s of the trustees with respect to going concern are described in the relevant
sections of this report.
Oth•r Infomiatlon
Thé Trustees are responsible for the other inlormalion. The other infomiation comprises the information Included in the
Trustees, annual report, other than the financial slal&menls and our audltor's report Ihereon. Our opinion on the financial
statements does not cover the other information and, 8XC8Pt lo the extent otherwise explicitly stated In our report, we do
not express any fomi of assurance conclusion thereon.
Our responslbillty15 to read the Other Information gnd. in doing so, consider whether the other information is malerlally
inconsistent with the financial statements or our knovAedge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material in¢onsigtencies or apparent material misstatements, we a￿ required lo determine
whether there is a material mlsstatement in the financi81 statement5 or a material misststement of the other information.
If, based on the work we have performed, we conclude that there is a material misstatement of this other informalion, we
are required lo report that fact.
We have nothing to report in this regard.
Opinions on other matters prescrlbed by thè Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report {incorporaling the Directors, report) for the financial year for which the
financial statements are prepa￿d is consistent with the financial statements,. and
the Directors, report has b88n prepared in accordance with applicable legal r8quirements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misslalements in the Directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to
report to you if, in our opinion-
adequate accounting records have not been kept, or retums adequate for our audit have not been received from
branches not visited by us.. or
the financial slat8ments are not in agre6m8nt with the accounting records and returns., or
c8rtaln dlsdosur8s of Directors, rèmunèration Specified by law are not made: or
we have not r6¢eived all the infomallon and &xplanatSons wo roqulre for our audlt., or
the Trustees werè not énlllled to prepare the financial statements in accordanc8 Wlth the sm811 companies. regime
and take advantsge of the srnall companies. exemptions in preparlng the Directors, r8POrt and from the requirement
to prepare a slrateglc report.
Responslbllltles of Trustees
A5 explained more fully in th8 Tru5tee5' responsibilities statement set out on page 5. the Trustees (who are also the
Directors of the charitable company for the purposes of company lawl are responsibl8 for the preparation of the financial
Stalements and for being satisfied that they give a true and fair view. and forsuch internal control as the Trustees determine
is necessary to enable tha praparation of financial statements that are free from material mi88tatement, whether due lo
fraud or error.
In prepsring th8 financial statements, the Trustees are responsi1￿e for assessing the charitable cornpany's abllity to
continue as a going concem, disclosing, as appllcable. matters related to going concern and using the going concem basis
of accounting unless the Truste&s either inlend lo 1Squidate Ihe charitable company or to cease operations. or have no
realistlc 81ternalive bul to do so.
Audltor's re8ponBlbllltle8 for the audlt of the financial Statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether dLJe lo fraud or error, and lo issue an auditor's report that includ85 our opinion. Reasonabl
8ssur8nce is 8 high level of assurance but is not a guarantee that an audit conducted in accord8nce with ISAS IUKI will
always delect a material misstatement when il exists. Misslalements can arise from fraud or error and a￿ considered
material if, indlvldually or in the aggregate, they could reasonably be expected to influence the economic decisions of
users taken on the basi5 of these financial stalemenls.
Irregularits'es, including fraud, are instances of non-compliance with laws and regulations. We design procedures in lin8
with our responsibilitles. outllned above, to detect material misstatements in respect of Irregularities, including fraud. The
specific procedures for this engagement and the exlenl lo which these are capable of detecting irregularities, including
fraud is detailed below..
Enquiry of management, and thos8 char98d with govérnanca around actual and potential litigation and daims-
Enquiry of 8ntity Staff in compliancè functions to idéntify any insiances of non-compliancè with laws and
regulations.,
Reviewing minutès of m8etings of those charged with govern8nce',
Reviewing financial staternent disclosures and testing to supporting documentation lo assess compliance with
applicable laws and regulations.
Perfomiing audit work over the risk of management override of controls, including testing of journal entries and
other adjustments for appropriateness, evaluating the business rationalg of significant transactions outsid8 thg
normal course of business and reviewing accounting esb'mates for bia$

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY SPORTS FOUNDATION
A COMPANY LIMrrED BY GUARANTEE
AuditoVs responsibilities for tha audll ol the financlal statements {cont}
Because of the inherent limitations of an audit. there Is a risk Ihat we wll not detect all irregularities. including those leading
to a material mlsslatement in the financial slalements or non-compliance with regulation. This risk increases the more
that compliance with a law or regulation is removed from the events and transactions ￿fleCted in the financial statements,
as we will be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irregularilies
occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
A further description of our responsibilities fc)r the audit of the financial statements is located on the Financial Reporting
Council's websit8 at.. ww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the charitable company's Members, as a body. in accordance with Chapter 3 of Part 16 of
tho Companles Act 2006. Our audit work has been undertaken so that we might stale to the charllable cornpany's members
those matters we are required to state to them In an audilorfs report and for no other purpose. To the fullest extent
pemiitted by law. we do not accept or assume r85ponsibilily to anyone other than the charitable company and the
charitable company's members as a body, for our audit work, for this report, or for the opinlons we have formed.
Geoffrey Cox BA FCA (Senior Statutory Audllor)
For and on behalf of Dafferns LLP,
Chartered Accountants, Registered Auditors
On8 Eastwood, Harry Weston Road
Binley Buslness Park, Coventry. CV3 2UB
Date..
10.. bo.￿

COVENTrY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
STATEMEHf OF FINANCIAL ACTMTIES
(Including Incomè and Expenditure Account)
FOR THE YEAR ENDED 31ST MARCH 2024
Unrestrlcted
lund¥
R•strlctsd
funds
Tot•1
2024
Total
2023
Nots¥
Income and ondowments from:
Donations and legacies
340.833
39.516
380,349
188.033
Charitable activities:
Income from sports and l8i5ur8 activities
10,155,640
350,581 10,506,221
9,643,796
other tradlng activltle5
297,986
297,986
203,995
Investments
152,432
152,432
71,370
Total In¢oma and endowments
10,946,891
390,097 11,336,988 10,107,194
Exp•ndltura on:
Ralslng fvnds- Investment Managels féés
15,599
15,599
13.748
Charitable activities
Cost of operation of sports and
leisure activltles
10.280,358
390.934 10,671.292
9,822.221
Total expendltur?
10.295,957
390,934 10,686,891
9,835.989
Not In¢omo1 (expendlturel
650,934
1837)
650,097
271.225
Transfers b8tsY8en funds
650,934
(837)
650,097
271.225
Galnl(loss) on rnvaluatlon of Investments
{61,3321
{61,332) 1156.356>
Net in¢omel(expendlturo1
589,602
(837)
588,765
114,869
Fund balances brought forward at
1st April 2023
2,355,223
40,207 2,395,430
2,280,561
Fund balances carried forward at
31st March 2024
18
2.944,825
39,370
2,984,195
2,395,430
The note5 form part of these financial statements
io

Charity number 700409
Company number 0223954
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
BALANCE SHEEr
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
Notes
FIXED ASSET8:
Tangible assets
Investments
Cash awaiting investrnont
10
11
206,153
2,003,959
31,104
28,211
1,831,680
184,606
2,241,216
2,044,497
CURRENT ASSETS:
Stocks
Debtors
Cash at bank and In hand
22,488
700.753
1,994,321
19,068
538.285
1.415,784
12
2.717,542
1,973,137
CREDITORS: amounts falling du8
wlthin one year
13
1,974.563
1,622,204
NET CURRENT ASSETS
742,979
350,933
NEf ASSErs
2,984,195
2,395,430
FUND8:
Unreatrlcted fund8:
Dasignated fixed asset funds
General fijnds
206,153
2,738,672
28,211
2,327,012
2,944,825
39,370
2,355,223
40.207
Reslrided funds
17
2.984,195
2,395,430
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to sm811
compani85 and conslilule the annual accounts required by the Companies Act 2006 and are for circularisalion to
members of the company.
The financial ststsments were approved and 8Uthorised for issue by the Board on 101h Dec8mber 2024.
ON BEHALF OF TH
OARD:
A. M. Shaw- Director
The notes fomi part of these financial ststements
li

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
Cash flows from opgrating activities
Net movement in funds for th8 yéar
Depreciation
Interest received
Dividends from investm8nts
Revaluation {gains) I losses from investments
Decreasel(increase) in stocks
Decreasel{increase) in debtors
Increasel(decrease) in creditors
588,765
22.068
(56,724}
(95,708)
61,332
(3,400)
1162,468)
352,359
114,869
20,797
13321
171,0381
156,356
{9,4891
136.4191
568,480
Net cash flows from operating actlvlti8$
706,224
743,224
Cash flow8 from inv•sting activitios
Interest receivad
Dividends received
Payments to acqulra fixed assets
Payments to acqulr8 investments
Sales proceeds Inv8Stm8nts
56,724
95.708
1200,0101
1759,6441
526,033
332
71,038
1536,747)
101,953
Net cash flow from investing activities
(281,1891
1363,424)
Net Increase In cash and ¢a$h oqulvalonts
425,035
379.800
Cash and ca8h 8quival8nts at 111 April 2023
1,600,390
1,220,590
C88h and cash equivalents at 3111 March 2024
2,025,425
1,600.390
Ca8h and eash •qulvalents conslsts of:
Cash at bank and in han
Cash awaiting inv8Stm8nt
1,994,321
31,104
1,415.784
184,606
Cash and cash 8quival8nts at 3111 March 2024
2,025.425
1,600,390
Analy$ls of ¢hango8 In not debt
2023
Cashflows
2024
Cash and cash equivalents
1,600,390
425,035
2,025,425
Total net debt
1,600,390
425,035
2,025,425
The notes form part of these financial statements
12

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES:
(a) Gon•ral Infomiallon and basis of preparatlon
Coventry Sports Foundation is a charity incorporaled in Englandlwales . In the event of the charity being wound
up. the liability in respect of the guarantee is limited lo £1 per member of the charity. The address of the registered
office is given in Ihe charity information on page 1 of these financial statements. The nature of the charity's
operations and principal actimlies are to provide facilities for recreation. physical education or other leisure time
occupation in or in connection with the City of Coventry.
Th8 charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charilies preparing their accounts in accordance with the Financial ReF)Orting Standard applicable
in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, the Companies Act 2006 and UK
Generally Accepted Accounting Practice.
The flnancial statements are prepared on a going concem basis under the historlcal cost conventlon, modified to
include certain items al fair v81ue. The financial slalements are presented in sterling which is the fijnctional
currency of the charity and rounded lo the nearest £1.
Tho slgnlficant accounting pollclas applled In the preparallon of th￿de financi81 statements are set out below.
These poll¢ies have be8n conslstenlly applied to all years presented unless otherwis6 slated.
b) Funds
General funds are unrestricted funds whlch are avallable for use at the dlscrètlon of the Trustees In furtherance
of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purpose5.
The aim and use of each designaled fund is set out in the notes to the financi81 statement5.
Restricted funds are funds which are lo be used in accordance with specific restricb'ons irnp05ed by donors or
which have b88n raised by the charity for particular purposes. The cost of raising and 8dministering such funds
8re charged against the specifi¢ fund. The aim and us8 of each restricted fund is set out in the notes to the
financlal slalemenls.
cl Ineome recognltlon
Donations. grants and other •lmilar Income
All donalions, grants and othgr similar income are recognised when tho charity has entltlemenl to the funds. any
perforrnance conditions attached to the ilemlsl of income has been met, it is probable that income will be received,
and the amount can be méasured reliably. Suth income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting period5- or
The donor has imposed conditions which must b8 met before the charity has unconditional entiUem8nt.
Actlvltles for generating fund$
Income from activities for generating funds is included in the period in which the charity is entitled to receipt.
Income from 5POrts and leisure actlvltles
Income from sports and leisure actlvities is induded in the period in which the activity is provided and is excluding
value added lax.
Investment Income
Interest and investment income is recognised when re￿1Vable.
13

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Accounllng pollcles: (continued)
d) Expendlture recognltlon
Ail expenditure is accounted for on an accruals basi5 and ha5 b88n cla55rfipd under heading5 Ihal aggregate all
costs related to the category. Expenditure is recognised where there is a legal or conslruclive obligation to make
payments to third parties, il is probable that the selllement will be required, and Ihe amount of the obligation can
be measured reliably. It is categorised under the following heading5:
Costs of raising funds:
Expenditure on charitable activities,. and
Other exp8nditur8 represents those items not falling into the categories above.
AllO￿tIon of support costs
Support costs indude central functions and have b&&n allocated to activity cost categories on a basis consistent
with the use of resources. Support costs include back office costs, personnel and payroll.
Irrecoverable VAT
Irrecoverable VAT is includéd as 8 separate cost withln costs of the sports and18isuré activitses.
Govornanco costs
Governance costs Comprise all ¢08ts involving the public accountability of the charity and its compliance with
regulation and good pracllce. Th&s& costs Include costs related to slalulory audit and legal fees.
el Tanglblo fixod a•8018
Tangible fixed assets are capilalised and induded at cost except for investment propety whlch is Included at
valuation. Assets in the course of construction indud8s relevant development expenditure.
Depreciation Is provided at the following annual rates in order to write off each asset over Its eslmaled useful life.
The annual rates principally used ar8..
Alterations to leasehold premises
Plant and machinery etc
over the unexpired period of the lease
20Yo straight line and 33.3.10 Straight line
fj Investmonts
Investments are recognised initially at fair valu8 which is normally the transaction price excluding transaction
Costs. Subsequently. they a￿ measured at fair value wlh changes recognised in 'net gains l (losses) on
Investments, in the SOFA if the shares are publicly Ir8ded or their fair value can oth8rwis8 be m8asur8d reliably.
Other investments are measured at cost less impairment.
gl Stock
Stock is valued at the lower of c051 and net realisable valu8.
h) Debtors and credltors recelvablo I payable wlthln one year
Debtors and creditors wilh no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recogniged in expenditure.
l) Operallng leases
Rentals payable and receivable under operating le8ses are charged lo the SOFA on a straight line basis over the
period of the lease.
J) Employee beneflts
When employees have rendered Se￿1￿ to the charlty, short-tem employee benefits to which the employees ara
entitled are recognised al the undiscounted amount expected to be paid in exchange for th8t se￿ice.
The charity operates a defined contribution plan for the benefft of Its amployees. Contributions are expensed as
they become p8y8ble.
14

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Accounting policies: (continued)
k) Tax
The company is a registered charity and as such is entl￿ed to certain tax 8xemptions on income and gains to the
extent that these are applied lo its charitable aclivili85.
11 Golng Concern
The financial ststements have been prepared on a going concern basis as lh8 trustees believe thal no material
uncertainties 8XlSt. The trustees have considered the level of fvnds held and the expected level of incom8 and
expenditure for 12 months from authorising these financi81 statements. The budgeted income and expendllure is
sufficianl with the level of reserves for the charity lo be able to continue as a going concem.
GRANTS AND DONATIONS:
2024
2023
Cov&ntry City Council
Engage gr8nt
Other grants and donations
1.000
53,799
133,234
39,516
340,833
380,349
188,033
Grants and donations in the previous year wgre £188.033 of whlch £53,799 was attributablo to restncted funds
and £134,234 was attributable to unrestricted funds.
INCOME FROM SPORTS AND LEISURE ACTIVITIES".
Sports Centre Activities
Perf0m￿nCe related grants
Bar tsklngs
Cal&ring income
Vending machine Incom8
Lelsure Ir8inlng
Manag8m8nt fees
Service fees
9,448,284
484.295
263.572
159,380
59,521
2,387
13,182
75,6iXI
8,628,508
434,837
222,142
192,751
1.197
44,719
75.600
10,506.221
9,643,796
Income from sports and leisure activities in the prevlous year were £9,643,796 of which £283,286 was attributable
to restricted fund5 and £9,360,510 was attributable to unrestricted funds.
INCOME FROM OTHER TRADING ACTIVITIES:
Rentsl income
Room hire
Car bool sales
Miscellaneous income
170,449
114,849
12,557
131
123.024
69.716
10,288
297,986
203,995
Income from other trading activities was wholly attributable to unrestricted funds in th6 prior y8ar.
15

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
INCOME FROM INVESTMENTS:
Investment In￿Me
Bank interest
95,708
56,724
71,038
332
152,432
71.370
Income from investsments was wholly attributable to unrestricted funds in the prior year.
ANALYSIS OF EXPENDITURE:
R•stri¢t•d
fund4
Dlrèct
¢o$ts
Support
¢osts
Total
2024
Total
2023
Ral•lng funds
15,599
15,599
13,748
Charltsbl• 4cllvltl•¥
Cost of op8ralion of sports and
18lsure facilllles
390,934
8,780,898
1,519,462 10,671,292
9.822,221
Total exp8ndlture
3go,934
8,776,495
1,519,462 10,686,891
9,835.969
Support
¢ost•
Total
2022
Support Costs Is analys8d as follows:
Salari&s
Other staff costs
Printing and slatsonery
Telephone and postage
Travel and subslsience
Adv8rt15ing
Professional charg85- legal
Bank charges
Sundry expenses
Other professional fees- financial
1.137,405
26,818
109,327
74,617
40,366
11,781
50,177
52,858
1,101
15.012
1,114,465
39,480
74.796
80,521
17,182
8,809
20,874
43,762
15,378
9.134
1.519,462
1,424,401
Charitable activities expenditure in the previous year was £9.822,221 of which £340,317 was attributable to
restric18d funds and £9,481.9)4 was attrlbulable to unrestricted funds.
16

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
OTHER DISCLOSURES:
2024
2023
Not income Is staled after charglng:
Depreciation
Auditors, remuneration- audit fes
Tru5t88s expenses
Pension costs
22,068
13,575
20.797
12,925
78,192
65,522
Directors, emoluments and oih8r benefits etc.
The trustees received no remuneration or reimbursement of expenses In the current or previous year.
TAXATION:
No1Sability to UK corporation tax arises on ordinary actlvSti0$ for the year ended 31st March 2024 nor for th8
year ended 31st March 2023.
EMOLUMENTS OF EMPLOYEES:
2024
2023
Staff costs:
Wages and salaries
Social security costs
Pension costs
4,787.719
265,338
4.410,746
238,572
78,192
65,522
5,131,249
4,714,840
The average monthly number of employ888 during the year was as follows:
Numb•r
Numb•r
Sports and lèisur8 acllvltles
Administration
474
26
500
418
The av8rage full time equivalent numb8r of employees for the year was 27112023-2271
One em￿oyee received emoluments of more than £60.000 in th8 range of £130,001 to £140,000 and one
employee received emoluments of more than £60,000 om the range of £60.001 to £70,000.12023= one in the
range of £130,00110 £140,000 and two in the range of £60.001 to £70,000). The employer pension contribution
for these slaff members amounted to £14,83812023'. £10,631).
The charity considers its key management personnel to be the Senior Management Board. The total amount of
employee benefits (induding employers, Nl) received by key management personnel is £590,1￿ (2023..
£632.0201.
17

COVENTRY SPORTS FOUNDATION
A COMPANY LIMftED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
10.
TANGIBLE FIXED ASSETS:
Altèratlons
to l•as•hold
PT•mige8
Offlce
and sports
equipment
Flxtures
and
flttlngs
Motor
vohlcl•s
Total
COST:
Al 1 st April 2023
Additions
40,476
383.762
37,005
168,887
163,005
1,500
594,625
200,010
At 31st March 2024
40,476
420.767
331,892
1,500
794.635
DEPRECIATION.,
At 1 st April 2023
Charge for year
40,476
376,822
7.029
147,616
15.039
1,500
566.414
22,068
At 318t March 2024
40,476
383,851
162,655
1,500
588,482
NET BOOK VALUE:
At 31st March 2024
36,916
169,237
206,153
At 31 st March 2023
21,271
28,211
The closing net book value repr85ents flxed assets used for the direct tharflable purpose of sports and leisure
activities.
11.
INVESTMENTS:
2024
2023
U•ted Inv••tmonts
Valuation as at 1 sl April 2023
Purchases
Sales proceeds
Revaluallon adjustment
1,831,680
759,644
1526,033)
161,332)
1,553,242
536,747
1101,9531
(156,356)
Valuatlon at 31st March 2024
2,003,959
1.831,680
Investments at fair value comprise..
Fixed interest
Equities
Alternatives
Property
924.892
759,866
319,201
583.805
730,933
417.182
99,760
2.003,959
1,831,680
18

COVENTRY SPORTS FOUNDATION
A COMPANY UMITED 8Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
12.
DEBTORS: Amounts falling due within one year:
2024
2023
Trad8 d8blors
Prepayments and accrued income
Other debtors
275,991
416.571
8.191
345,457
186.334
6.494
700,753
538,285
13.
CREDITORS: Amounts lalllng du• wlthln one year:
2024
2023
Trade creditors
Social s8curity and other tax8S
Accruals and deferred income
Other credltor5
828.145
90,890
1,031,865
23.663
783.363
102,824
726,504
9.513
1,974,563
1.622.204
14.
DEFERRED INCOME:
2024
2023
At 1 April 2023
Additions during the year
Amounts released lo income
25,379
At 31 March 2024
25,379
Deferred Income relates to membershlp income received In advance.
15.
OPERATING LEASE COMMITMENTS:
Total future mlnlmum lease payments under nOn￿ncelIable operatlng leases are as follows:
L•$s••:
2024
2023
Land and
bulldlng$
Land and
bulldlng•
othor
Oth•r
Within one year
Beiween one 8nd flve years
In more than fivg years
125,010
500,040
3,900,315
54.804
40.466
125,010
500.040
4,029,493
.084
98,165
4,525,365
95.270
4,654,543
188.249
19

COVENTRY SPORTS FOUNDATION
A COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
15.
OPERATING LEASE COMMITMENTS: (contlnued)
Lessor:
2024
2023
Land and
buildings
Land and
bulldlng$
Oth•r
Oth•r
Within one year
8eiween one and flv8 y&ars
In more than five years
75.000
31)0.000
18,750
75,000
300,000
93,750
393.750
468,750
Alan Higgs Centrn
The under lease was granteé for a tsrm commencing 271h February 2020 and 8xplrlng 31È1 March 2060. Both
Landlord and Tenant hav8 an exercisable break clause at 3161 March 2025.
16.
PENSION COST:
The company opgrat8s a defined conlributlon pension scheme. The assets of the schem6 are held separately
from those of the charlty in an indep8ndenlly adminlslered fund. The pension costs charge represents
contributlons payable by the company to the fund and amounted to £78,19212023 - £65,522).
The penslon liability as al 31 March 20241$ £12,80012023: £10,085).
17.
RESTRICTED FUNDS:
B•l•nc•
1.4.23
Incomln
r•¥our¢••
Outgolng
r•#(>ure•8
B•lanc•
Transf•r*
31.3.24
Engage Rugby
CCC Hollday Actlvltles and
39,642
565
39,516
350,581
(39,7881
(351,1461
39,370
40,207
390,097
(390,9341
39,370
Engage Rugby Is a proJecl to promote rugby and Its values.
CCC Hollday ActSvities and Food Programme is a project to deliver the OFE'S Hcllday Activities and Food
Programme in Coventry through provision of holiday clubs and holiday activities ft)r children in receipt of
benefit5-related fr88 school meal5.
20

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
18.
ANALYSIS OF NET ASSETS BETWEEN FUNDS:
Unrè*trlet•d
funds
Rèstrlct•d
funds
Totsl
fundB
Fund balances al 31st March 2024 are represented by:
Tangible assets
Investments
Net current assets
206.153
2.035,063
703,609
206,153
2,035.063
742,979
39.370
Totsl net assets
2.944,825
39,370
2,984,195
19.
RELATED PARTY TRANSACTIONS:
There ar8 no relal8d paty transactSons In the year12023: £nill.
20.
FUNDRAISING REGULATOR STATEMENT OF COMPUANCE:
Coventry Sports Foundation does nol contract to a third party to undertake any fundraising on its behalf. The
charfty does not employ a Fundraising Officer. We have received no fundr81slng complainls during the year.
21

COVENTRY SPORTS FOUNOATION
A COMPANY LIMITED BY GUARANTEE
TRADING ACCOUNT FOR THEYEAR ENOEO 31ST MARCH 2024
2024
2023
Not•$
F8(ilty income
ProfiV{Lossl on bar and catering
ProflV(Lossl on vendlng
Rent
Miscellaneous incorne
Managernenl fegs
Service fees
9,448,284
13,032
58,752
17D,449
129,924
13,182
75,600
8.780.057
23,216
44,044
123.024
82.168
44.719
75,600
IA)
181
Ici
GROSS PROFIT
Grants received
Restrfcted grants racelv8d
Performance related grant5 reG8iv8d
Invastm8nt incom&
9.909.223
9,172,828
39.516
484.295
152.432
53,799
283,286
71.370
10,585,466
9,S81,283
Aetlylty costs
Sal8ri83 8nd payroll c05t8
Staff tralning and unlforms
Sports equipment
Sw)rts equipment rental
R&palrs and maintenanca
Travèl and trtps
Othèr aetlvbty e0818
3.379.480
47.323
99,644
87,668
54,612
50,145
163,458
3,041,341
34.185
93,494
90,925
42,858
146,484
111,457
3,882,326
3,580.742
Proml•o• C￿1¥
M8lntenancg wagos
L￿ht and h8at
R8nl and rat•S
In8ufBnc8
Rep8lrs and m81nt¢nance
Cleanlng
Llcences
394,050
1,447,246
535,841
175,546
1,115.787
154,280
95,605
356,677
1.292,660
510,154
136,511
959,741
157,432
85,213
3.918,3S5
3,498,388
Flnanclal •xp•ng•8
Bank and loan Int8r•$t
Irrecov8rabl8 VAT
490.102
471,163
490,102
471,163
support costs
Salariès
Othèr staff costs
Prlnllng and st8tk>nèry
Talephone and postag8
Travel and sub8lStenca
Advèrtlslng
Professional charges- legal
Bank charges
sUr￿ry expenses
Professlonal charges . financlal
1.137.405
26,818
109.327
74,617
40,368
11.781
50,177
52,858
1,101
15,012
1,114.486
39.480
74.796
80,521
17,182
8.809
20,874
43.762
15.378
9.134
1,519,462
1,424.401
775,221
626.589
Donatlon•
Coventry Clty Council
Other
1,000
133,234
340,833
340.833
134,234
1,116,054
{22.06BI
1388.5021
139,7881
115.5991
760,823
120,7971
1402,4571
IS2.5961
113,7481
Depreci8lion
The Wave
Resiricted expenses- Engage Rugby
Inveglmenl manage¢B fee
SURPLUS FOR THE YEAR
650,097
271.225
This page does not fom part of the statutory financial statements
22

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE TRADING ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2024
(A}
Profrt on Bar and Caterlng
2024
2023
Bar
Recgipts
Purchases
Bar consumables
263,572
222.142
143,250
12.101
116,683
8,268
155,351
124,951
BAR PROFIT BEFORE SALARIES
AND MANAGEMENT CHARGES
108.221
97,191
Catsrlng
Receipts
Purchases
Café consumables
159.380
192,751
28,317
28.912
82,685
28,526
57,229
111.211
CATERING PROFIT BEFORE SALARIES
AND MANAGEMENT CHARGES
102,151
81,540
Salaries and payroll costs
Bar operating expenses
196,800
540
154.404
1,111
13,032
23,216
(B)
Profit on ￿ndIng
Rec6ipts
Purchase8
50,343
770
30,399
49,573
9,179
30,399
13.645
Commission
SB.752
44,044
Ici
Mlscellaneous Income
Leisure training
Room hire
Car boot sale
Other
2,387
114,849
12.557
131
1,197
69,716
10.288
967
129,924
82,168
This pag8 does not form part of the statutory financial stal8m8nts
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