COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED 8Y GUARANTEE
Charity number 700409
Company number 02239584
INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
PAGE
Company Information
Report of the Directors
Independent Audilorfs Report
Consolidated Statement of Financial Activities
10
Group and Charity Balance Sheet
11
Consolidated Slalernent of Cash Flow
12
Notes lo the Consolidated Financial Slalemenl$
13
Trading Account
24
*AEHM471R*
1711212025
COMPANIES HOUSE
A10
#111

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025
DIRECTORS
A. M. Shaw {Chaiman)
Z. J. Edwards
J. Horrabin
A. Maqsood
O. R. Moorcroft
R. S. Wildman
SECRETARY
P. N. Breed
SENIOR LEADERSHIP I MANAGEMENT TEAM
P. N. Breed (Chlef Executive Officer)
S. D. Wiles (Chief Operating Officer)
S. Terblans (Finance Director)
J. Murphy (Corporate Slfalegy Director)
E. O'oonnell (Social Impact Director)
K. A. Healion (Head of Operations)
W. A. Jackson (Head of Community Development)
C. Panler (Head of Wellbeing)
M. Condillac (Head of Finance)
L. Bowell (Head of Human Resources)
A. Surey (Head of Marketing and Communic81ions)
S. Kaur Sahola (Head of Corporate Programmes)
J. Biggins {Head of FacFlites Management )
G. John (Head of Commercial and Business)
REGISTERED OFFICE
Xcel Leisure Cenlre,
Mitchell Avenue,
Canley,
Coventry,
CV4 80Y.
REGISTERED COMPANY NUMBER
02239584 (England gnd Wales)
REGISTERED CHARITY NUM8ER
700409
AUDITORS
Dafferns Audit Limited.
Chartered Accountants,
One Eastwood, Harry Weston Road
Binley Business Park
8inley
Coventry
CV3 2U8.
BANKERS
Natwesl Bank Plc.,
Coventry City Office,
24 Broadgate,
Coventry.
CV1 1ZZ.
SOLICITORS
Brindley Twist Tafft & James LLP
Lowick Gale
Siskin Drive
Coventry
CV3 4FJ

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENOED 31ST MARCH 2025
The Oireclors, who are also the Trustees. are pleased to present their report, together with the financial statements of
the charitable company for the year ended 31 sl March 2025.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of providing leisure activities and programming
recrealion and physical educalion to under-rep￿senIed communities.
DIRECTORS
The directors who have Se￿ed during the year and since the year end were as follows..
M. A. Shaw Ichairnian)
D. R. Moorcroft
R. S. Wildman
Z. J. Edwards
J. Horrabin
A. Maqsood
ADMINISTRATIVE INFORMATION
The company is governed by ils Memorandum and Articles of Association. Company Number.. 02239584.
The cornpany is a registered charity (No. 700409).
CHARITABLE OBJECTIVES
These stale that Ihe overall objectNe is to provide facilities for recreation. physical education or other leisure time
occupation in or in connection with the City of Coventry,
POLICIES TO ACHIEVE OBJECTIVES
Coventry Sports Foundation operates and promotes for the benefit of the public various programmes and projects in
811PPOrt of ils objects..
Centre AT7., the Xcel Leisure Centre., the Alan Higgs Centre; and the Moat House Leisure and Neighbourhood
Centre - community leisure and recreation centres that specifically programme an¢J price activitie5 to attract
participation Irom under-represented groups in identified areas of deprivation within Coventry.
The Wave - the destinalion waterpark venue in the city centre, which combines the waterpark attraction with
fitness and health facilities, which are accessible under th8 same terms as the other community facilities operated
by the Foundation.
In addition lo the facility-based provislon of sport Irom ils facilities. the Foundation provides opportunities and
experiences through a number of initiatives and out￿a¢h programmes..
Go CV - Coventry Sports Foundation has worked with Coventry City Council lo develop, lest and
rnplement a city wide access and loyalty scheme. which seeks to provide beneficial use lo people from
Coventry.
Community Development- the Foundation is unique in so far as it internalises the fundion of Community
development within a specific department. to ensure that a wide range of sports. activity and performing
arts programmes are ￿SearChed, programmed and delivered at a neighbourhood level.
Access- the Foundation delivers numerous events, toumaments and coaching programmes for disabled
groups and individuals, along with activities lo ensure that access to physical activity and well-being
programmes reaches Ihose 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 2025
ORGANISATIONAL STRUCTURE
The Board of Directors retain the ultimate 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 seprfice delivery.
The Board meet quarterly and more frequently when required.
New Directors are recommended by individual Direclors and their appointment confirrned at a Directors, meeting. All new
Directors are piovided with an induction lo the company and associated training in key areas of responsibility.
Senlor management remuneralion
The Directors consider annually the pay and ￿ muneralion of the charity's Senior Management team by benchmarking
within the industry.
ACTIVITIES ANO ACHIEVEMENTS DURING THE YEAR
During the 2024r25 financlal year. Coventry Sports Foundation sustained a strong operational and financial performance
despite significant economic headwinds, inflationary pressures, and Challenging market conditions across the sedor. The
group's net bottom line showed a surplus of £1.110.960. This however included the revaluation on investment surplus of
£49,842, and a Sport England capital grant for major eleclricily efficienGy works of £738.760. The Trading surplus was
therefore £322,358. The Foundation's cash fl¢)w position remained positive and continued to meet the targets set within
the Risks and Reserves Policy.
Participation across the Foundation's portfolio of facilities and programmes remained high, with there being an overall
growlh in participation from 2.2 million usages lo a total of 2.4 million usages - an increase of 5.930/0 on Ihe previous year.
Lilestyies Health & Filn8ss membership reached 15.768 by year end - a 10010 increase on the previous year- with attrition
rates reduced lo under 40/0 for the first lime. A strengthened corporate membership package. which combined leisure and
cultural benefits. was successfully launched and now accounts for 6.90h of total membership.
The Aquarius Leam to Swim programme grew to 3.560 participants, filling 91 /0 of available capacity. This expansion was
supported by a Swim England-led review of pool usage, resulting in revised pool schematics and additional lesson
provision al Centre AT7. The Education Swimming programme maintained strong school engagement. wothing with 60
schools across lour siles and launctting a partnership with Swim England to deliver'swim Safe. _ a nalional water safety
initiative providing free. high-quality outd¢)or swimming and safely sessions. The inlroduclion of the 'Swimphony' sofvare
provided partiapating schools with accurate, real-time attainment data lor pupils, enhanong both reporting and teaching
qualily.
Community Development activity made significant contributions to the Foundation's charitable aims. The Coventry Moves
project maintained partnerships with six local Ca￿ homes and broadened ils outreach through collaboration with West
Midlands Police. secunng new strategic links such as with Vernon Court. The pla¢e-based Go projects in Canley and
Willenhall progressed towards embedding local leadership and unlocking community assets to increase opportunities for
physical activity. particularly in health and wellbeing The Holiday Activities and Food (HAF) programme delivered activities
to 4,205 young people across the 4 community leisure cenlres. This wa5 SUPPOrted through a total of £248.328 funding
from Coventry City Council. and was delivered through Easter. Summer and Winter school holidays.
The Foundation continued to invest in quality assurance and customer experience. Quest accredilalion remained a key
benchmark for venue and service quality, with the Wave following the p￿VIouS successes of tK)Ih Moat House Leisure
and Neighbourhood Centre and Centre AT7, by achieving a'very Good- rating, with just the Xcel Leisure Centre scheduled
for assessment at year end. The Mana Spa was awarded Spa ol the Year al the English Hair & Beauty Awards for the
third consecutive year. recognising excellence in seNice and diversity of offer. The perfomiance of the Spa also returned
lo industry benchmark occupancy and membership levels.
Environmental sustainability advanced through the delivery of £738k of Sport England - Swimming Pool Support Fund
investment across three major sites. This prograrnme included solar panel installations at the Alan Higgs Centre and
Centre AT7,. LEO lighling upgrades at Xcel Leisure Centre; and a new Building Management System to improve
operational efficiency. These measures are projected lo deliver annual savings of approximately £142k. Alongside Ihis.
the Foundation worked with Nature Posilive as environmental consullants lo complete environmental site audits, slaff
engagement exercises, and a baseline carbon footprint assessment. establishing a plarfomi for measurable future carbon
reduction targets.

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2025
ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR (cont...)
Partnership working continued lo grow. with new collaborations fomied with Coventry University. Positive Youth
Foundation. Grapevine, NHS partners, and Healthy Lifestyles Coventry. These partnerships enabled the development of
innovative health and wellbeing programmes, including the scheduled launch of an NHS musculoskeletal physiotherapy
pilot clinic al Centre AT7 in summer 2025.
The Foundation also continued to play a role in hosling high.profile events that raise the uly's profile and bring communities
109elher. The British Kabaddi Super League Fesfiv81 streamed live on BBC iPlayer, attracted thousands of spectators and
significant online audiences. The Junior British Pafa-swimming Championships returned lo Ihe Alan Higgs Centre,
reinforcing ils reputation as a national-slandard venue for competitive sport.
The year ahead will continue to provide some of the most significant challenges faced by Coventry Sports Foundation. as
ongoing budget announ￿MentS relating to the costs of employment are conb'nuing to impact dramatically on Programme
delivery - not just through the increased costs lo be incurred inlemally within the company,. but also through the cost of
living impact and the discretionary spend available lo people as they prioritise their spend. In particular, the Coventry City
Centre South fedevelopmenl project - for which the demolition has begun - is anticipated to reduce footfall in the city
centre and impact attendances to The Wave Walerpark.
As always, the Trustees would like lo record their appreciation to the teams from across the Foundation lor their continued
endeavour lo provide suth a broad and meaningful programme of activity and experiences, amidst the significant
challenges being presented to all businesses within the current economiG dimale.
Fundlng Sources & How They Support Key ObjectiV•8
Th8 maionly of income in the Foundation comes from sports, recreation and leisure activities. which is normally more than
sufficient lo cover th8 expenditure incurred. Other Significant sources of income include grants and donations, investment
income and income from other trading aclivilies.
Related parties relationships
There are no related party transactions.
Invesbnonts
Surplus funds are placed wilh professional inveslment advisors and invested in low-risk investments. To date the return
has been significantly better than holding monies on deposit with banks. The performance is reviewed on a regular basis.
The inveslments comprise 8qUlties, fixed Inte￿51 treasury bonds 8nd property as detailed in note 12.
FINANCIAL REVIEW
The results for Ihe year and the finanaal position of the company are shown in the annexed financial stalemenls.
Incoming resources this year increased by £913,343 10 £12,250,331. Total resources expended were £11,189,213, an
increase of £502,232. The net result was a surplus of £1,061,118 before a gain of £49.842 on the revaluation of
investments to give Nel Income of £1.110,960. When added lo the fund balance brought lo￿ard of£2,984,195 at 1stApril
2024 this gives a surplus balance of £4,095,155 of which £17,098 is reslricled.
The Balance Sheet shows net current assets of £861.790. The cash balance of £1,699.783 is £294,538 lower than 2024.
The company's assets continued lo be used for the company's objeclives of providing facilities for recreation. physical
education and leisure lime 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 company has sufficient funds to meet its objeclives.
Key Perforniance Indicators
Company progress is measured against Key Performance Indicators that relate to both financial and impact indicators
both quanlitively and anecdotslly- including membership numbers, footfall. activity participation along with the irnpact Ihat
programmes have made to people's lives.
RISKS AND RESERVES POLICIES
The Direclors are conscious that the main risk lo the company arises from the income generated through the use of the
facilities at the respective venues, which will be increasingly challenging within the current econofflic climate and the
pressures on cost of living for people making Chol￿s. This risk is continually identified and monitored through a Risk
register and close scrutiny of monthly Management Accounts.

COVENTR Y SPORTS FOUNDATION
A COMPANY LIMITEO BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2025
The Oireclors consider thal the total Reserve required fufKling to meet potential contingencies amounts to approximately
£4.1 million equating to 9 months of payroll. ReseThes are defined as investments plus net current assets. which in 2025
were £2,987,342, being still beneath target.
TRUSTEE I DIRECTOR INOEMNITY INSURANCE
The Foundation holds insurance lo indemnify the Trustees l Directors against the consequences of any neglect or default
in Iheir part.
PLANS FOR THE FUTURE
In the year ahead, Coventry Sports Foundation will focus on consolidating ils strong operational perfomance while
progressing developments that strengthen community impact, environrnenlal sustainability, and financial resilienGe. The
Foundation will publish its first Annual Impact Report, drawing together statistical evidence and 'people stories. lo
demonstrate the oulcomes and impact of ils programffles. Delivery of the Environmental Sustain8bility Action Plan will
move forward, informed by the baseline carbon footprint completed this year, with further investment in energy efficiency
pursued where funding permits.
Work with NHS partners will expand, including the launch and evaluation of a musculoskeletal physiotherapy clinic at
Centre AT7, alongside the continued development of referral programmes aimed at improving health and wellbeing in
priority communities. Core programmes such as the Aquarius Leam lo Swim and EduCa1rt￿ Swimming initiatives will b8
further developed lo increase capacity and extend water safely provision.
Membership growth and retenlion will remain a priorlly. supported by the enhancement of corporate membership offers
and ongoing improvements lo customer service, Plans for investment in digital systems, including a new CRM and
integrated lickeling, will underpin operational effiuency and provide deeper insight into participation trends. The
Foundation will also continue to maintain and improve quality standards through the Quest accredilalion process and will
seek opportunities to attract further high-profile events to its facilities, ensuring they remain vibrant, accessible hubs for
sport and activity across the rity.
GOING CONCERN
The charity currently has a good level of liquidity which the Trustees consider sufficient to see the company through any
polenlial implications. Based on these a55essmenls Ihe Iruslees have a reasonable expectation that the company has
adequate resour¢e$ to continue for the foreseeable future, as a result the going concem assumption continues to be
adopted in the preparation of ffinanci81 stalemènls.
STATEMENT OF TRUSTEES'IDIRECTORS. RESPONSIBILITIES
The Trustees (who are also Oirectors of Coventry Sports Foundation for the purposes of company law} are responsible
for preparing the Truslees. Annual Report and the financial slalemenls in accordance wrth applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law require5 the Trustees to prepare financial statements for each financial year. which give a true and fair view
of the slate of affairs of the charitable company and of the incoming resources and application of resources. including the
income and expenditure. of the charitable company for Ihal period. In preparing these financial statements, the Trustees
are required to..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charilies SORP (FRS 102).,
make judgements and eslimales that a￿ reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial stalemenls..
prepare the financial slatefnents on the going concem basis unless it is inappropriate to presume that the
Gharilable company will continue in operation.
The Trustees are responsible for keeping adequate a¢￿Unting records that dis¢105e with reasonable accuracy at any time
the financial position of the ¢haritable company 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 charitable company and hen￿ for
taking reasonable steps for the prevents'on and detection of fraud and other irregularrties.
The Trustees are responsible for the maintenance and inlegnty of the corporate and financial information included on Ihe
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS
We. the Directors of the company who held office at the dale of approval of these financial statements. as set out above,
each confirm so far as we are aware that..
there is no relevant audit infomialion of which the company's auditors are unaware.. and
we have taken all the steps that we ought lo have taken as Directors in order to make oUrse￿e5 aware of any relevant
audit information and lo establish that the company's auditors are aware of that infornation.
AUDITORS
The auditors, Daffems Audit Limited. will be re-appointed at the forthcoming Annual General Meeting.
This report has been prepared in accordan￿ with the Special provisions of Part 15 of the Companies Act 2006 relating to
small companies.
ON BEHALF OF THE BOARD:
61w . Dlfector
Daled.. 11yTh December 2025

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
We have audited the financial statemenls of Coventry Sports Foundation (the 'parent charitable company,) and its
subsidiary (the 'group'l for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial
Activities, the Group and Charity Balance Sheets, the Consolidated Statement of Cashflows and notes to the financial
statements. including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the 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 slate of the group and the parent charitable company's affairs as at 31 March 2025,
and of the group and the parent charitable company's incoming resour￿$ and application of resources, induding its
income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Arxounling Practice: and
have been prepared in accordance with the ￿qU1￿mentS of the Companies Act 20¢￿.
8a818 for opinlon
We conducted our audit in aC￿rdanCe with International Standards on Auditing {UKI {ISAs (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial
8lalements section of our report. We are independent of the group and the parent charitable company in accordance with
the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard. and we have fvlfilled our other ethical responsibilities in accordance with these ￿qUIrements. We believe that
the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Concluslons rnlatlng to golng concern
In auditing the financial slalemenls, we have rAncluded th81 the trustees. use of the going concern basis of acoiunling in
the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may Gast Signifi￿nt doubt on the group's or Ihe parent charitable Gompany's ability to
continue as a going concern for a period of al least ￿e1ve months from when the financial statements are aulhorised for
18SU8.
Our responsibilities and the responsibilities of Ihe trustees with respect to going concern are described in the relevant
sections of this report.
Other infonnation
The Trustees are responsible for the other infomiation. The other information comprl$e$ the information included in the
Trustees, annual report, other than the financial statements and our audilorfs report Ihereon. Our opinion on the financial
slalements does not cover the other infomalion and. except lo the extént olhernise explicitly slated in our report, we do
not express any form of assurance conclusion thereon.
Our responsibility is to ￿ad the other infomation and, in doing so. consider whether the ￿her information is materially
inconsistent with the financial statements or our knowledge obtained in the audit or olheThvise appears to be materially
misstated. If we identify such malenal inconsistencies or apparent malerial misstalemenls, are required to determine
whether there is a material misslatemenl in the financial statements or a rnalerial mlsslalemenl of the other information.
If. based on the work we have performed. we conclude thal there is a material misslalemenl of this other information, we
are required lo report that fact.
We have nothing to report in this regard.
Opinions on other matterd prescribed by the Companle8 Act 2006
In our opinion. based on the work undertaken in Ihe course of the audit..
the information given in the Trustees. report (incorporating the Directors. report) for the financial year for which the
financial slatemenls are prepared is ￿nSIstenI with the financial stalemenls., and
the Directors, report has been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
Matter8 on which wo are requlrnd to report by exception
In the lighl of our knowledge and understanding of the group and the parent charitable company and ils environment
obtained in the course of the audit. W8 have not identified material misstatements in the Directors, ￿pOrt.
We have nothing to report in respect of the following matters in relab.on lo which the Companies Act 2QM￿ requires us to
report to you rf, in our opinion..
adequate arxounting records have not been kept, or returns adequate for our audit have not been ￿ceiVed from
branches not visited by us; or
the finanaal statements are not in agreement with the eccounling records and returns., or
certain disclosures of Directors, remuneration speciffied by law are not made.. or
we have not received all the information and explanations we require for our audit.
Respon8ibilitie8 ol Tru8tee•
As explained more fully in the Trustees, responsibilities slalement sel out on page 5, the Tru51ees (who are also the
Directors of the group and the parent tharitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a tnje and fair view, and for such internal
control as the Trustees determine is necessary to enable the preparation of financial statements that are free frorn material
misslalement. whether due lo fraud or error.
In preparing Ihe financial stalements, the Trustees are responsible for assessin9 the group and the parent charitable
company's ability lo contlnue as a going concern. disclosing. as applicable, matters rèlated lo going concern and using
the going concern basis of accoLsnting unless the Trustees either intend to liquidate the group and the parent charllable
company or to &8ase operations, or have no realistic alternative bul lo do so.
Auditor's respon8ibilitie8 for the audit of the financial statements
Our objeGti¥es are lo obtain reasonable assurance about whether the financial statements as a whole are free from
malenal misslatemenl, whether due to fraud or error, and lo issue an auditor's report that indudes our opinion. Reasonable
assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wrth ISAS (UK) will
always detect a material misslalemenl when il exists. Misstglemenls can arise from fraud or error and are considered
material if. individually or in the aggregale, they could reasonably be expected to influence the economic decisions of
users taken on Ihe basis of these financial slalements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, lo delecl malerial misslalements in respect of irregularities, including fraud. The
specific procedures for this engagement and the extent to which these are capable of detecting irre9ularities, including
fraud is detaile¢J below..
Enquiry of management, and those charged with governance around actual and potential liligalion and claims;
Enquiry of entity staff in compliance functions lo identify any instances of non•compliance with laws and
regulations;
Reviewing fflinutes of meetings of those charged with govemance;
Reviewing financial statement disclosures and testing to supporting documentation lo assess Complian￿ with
applicable laws and regulations.
Performing audit work over the risk of managemenl override of controls, including testing of journal entries and
other adiuslmenls for appropriateness. evaluating the business ralionale of significant transactions outside the
normal course of business and reviewing a¢counting estimates for bias

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
Auditor's responsibilities for the audit of the financial statements lcont)
Because of the inherent limitations of an audil. there is a risk thal we will nol delect all irregularities. including those leading
to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more
that Complian￿ with a law or regulation is removed from the events and Iransactions refleded in the financial statements,
as we will be less likely lo be￿rne aware of instances of non-compliance, The risk is also greater regarding irregularities
occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentslion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Repc>rting
Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely lo the group and the parent charitable company's membets, as 2 body, In accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the group
and the parent charitable company's members those matters we are required to state lo them in an audilorfs report and
for no other purpose. To the lullest exlenl permitted by law. we do not accept or assume responsibility to anyone other
than the group and the parent charitable company and the group and the parent charitable company's members as a
body, for our audit work. for this report, or for the opinions we have formed.
Geoffrey Cox 8A FCA (Senior Slalulory Auditor)
For and on behalf of Dafferns Audit Limited,
Chartered Accountants, Registered Auditors
One Eastwood. Harry Weston Road
Binley Business Park. Coventry. CV3 2U8
Dale..
lo

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
CONSOLIDATEO STATEMENT OF FINANCIAL ACTIVITIES
{Including Income and Expenditure Account)
FOR THE YEAR ENDED 31ST MARCH 2025
Unrestrlcted
funds
Restricted
funds
Total
2025
Total
2024
Notes
Income and endowments from:
Donations and legacies
776,023
776,623
280.349
Charitable activities..
Income from sports and leisure actNlties
10.619,283
248,328 10,867,611 10,506.221
Other Ifading activities
470.987
470,987
397,986
Investments
135.110
135,110
152,432
Total income and endowments
11,225.980
1.024.351 12,250,331 11,336,988
Expenditure on:
Raising lunds - Investment Managerfs fees
16,405
16,405
15,599
Charitable activilies
Cost of operation of sports and
leisure actlvilles
10.864,945
307.863 11,172,808 10,871,292
Total expendltur•
10,881,350
307,863 11,189.213 10.686,891
Not income I (expenditure)
344,630
716.488
1,061,118
650,097
Transfers bebNeen funds
738,760
(738,760)
1,083,390
(22,272)
1,061,118
650.097
Gainl(Iosg) on revaluation ol Inve8trnents
12
49,842
49.842
(61.332)
Net Incom•l{?xpendlturn)
1,133,232
(22,272)
1,110,980
588,785
Fund balances brought fopward at
1st April 2024
2,944,825
39,370 2.984,195
2,395,430
Fund balances carried forward al
31 st March 2025
19
4.078.057
17.098
4,095,155
2,984,195
The notes fomi part of these financial statements
10

Charity number 7QKM09
Company number 0223954
COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
GROUP AND CHARITY BALANCE SHEETS
FOR THE YEAR ENDED 31ST MARCH 2025
Group
Charity
2025
2025
2024
2024
Notes
FIXED ASSETS:
Tangible assets
Investments
Cash awaiting investment
11
12
1.090,715
2.135,072
7,578
206,153
2,003,959
31,104
1.090,715
2,135,072
7,578
206.153
2.003.959
31,104
3,233,365
2,241,216
3.233.365
2.241,216
CURRENT ASSETS:
Stocks
Debtors
Cash at bank and in hand
27,453
1,063.995
1,699,783
22,468
700,753
1,994,321
27,453
1,066,423
1.664,281
22,468
700.753
1,994,321
13
2,791,231
2,717,542
2,758,157
2,717,542
CREDITORS: amounts falling due
within one year
14
1,929.441
1,974,563
1,929,441
1.974.563
NET CURRENT ASSETS
861,790
742,979
828,716
742,979
NET ASSETS
4,095,155
2,984.195
4,062,081
2.984,195
FUNDS:
Unrestricted funds:
Designated fixed asset funds
Geneial funds
1.090,715
2.987.342
206,153
2,738,672
1,090,715
2,954,288
206,153
2,738,672
4,078,057
17.098
2,944,825
39,370
4,044,983
17,098
2.944,825
39,370
Reslricted funds
18
4.095,155
2,984,195
4,062,081
2.984.195
These acGounls are prepa￿d in accordance with the special provisions of Part 15 of the Companies Act relating to small
companies and constilute the annual accounts required by the Companies Act 2006 and are for circularisation lo
members ofthe company.
The financial statements were approved and authorised for issue by the Board on 1 Oth De￿[￿ber 2025.
ON BEHALF OF THE BOARD:
. Director
The notes form part of these financial statements
11

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
C•sh flows from operating activities
Net movement in funds for the year
Depreciation
Interest received
Dividends from investments
Revaluation (gains) I losses from Investments
Decreasel{increasel in stocks
Decreasel{increasel in debtors
Increasel(decreasel in Greditors
1,110,960
41.774
(60,9601
(74,1501
{49.8421
{4,985)
(363,2421
(45.122)
588.765
22,068
156.724)
(95.708>
61,332
(3,400>
(162.468)
352,359
Net cash flows from operating activilles
554.433
706.224
Cash flows from Investing activities
Interest received
Dividends received
Payments lo acquire fixed assets
Payments to acquire investments
Sales proceeds investments
Proceeds from disposal of fixed assets
60.960
74.150
(941,417)
(858.000)
776,729
15.081
56.724
95.708
(200,010)
(759,6441
526.033
Net cash flow from investing activities
{872,497)
(281,189)
Net Increase In cash and cash equlvalents
(318,064)
425,035
Cash and cash equivalents at 1•1 April 2024
2,025,425
1,600,390
Cash and cash equivalents at 3111 March 2025
1.707,361
2,025,425
Cash and cash equivalents Conslsts of:
Cash at bank and in hand
Cash awaiting investment
1.699,783
7,578
1.994,321
31,104
Cash and cash equivalents at 318t March 2025
1.707.361
2.025,425
Analysis of changes In net debt
2024
Coshflows
2025
Cash and cash equivalents
2,025,425
(318.064)
1,707,361
Tolal net debt
2,025,425
(318,064)
1,707,361
The notes form part of these financial slatemenls
12

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED 8Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIES:
al General information and ba818 of preparation
Covenlry Sports Foundation is a charity incorporated in Englandiwales. In the evenl of the charity being wound
up. the liability in respect of the guarantee is limited to £1 per member of the chaflty The address of the registe￿d
office is given in the charity information on page 1 of these financial slalemenls. The nature of the charity'$
operations and principal aGlivilies are to provide facilities for recreation, physical education or other leisure time
occupation in or in connection with the City of Coventry.
The charity Gonstilutes a public benefit entity as deffined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice
applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the
Uniled Kingdom and Republic of Ireland (FRS 102). the Charilies Act 2011, the Companies Act 2006 and UK
Generally Accepted Accounting PraGlice.
The financial slatemenls ar8 prepared on a 90ing concern basis under the historical cost convention, modified lo
include certain items al fair value. The financial statements are presented in sterlin9 which is the functional
currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are sel out below.
These policies have been consistently applied to all years presented unless otherwise staled.
bl Basis of consolidation
The group financial ststements consolidate the financial slalements of the ¢haiity and its subsidiary. The
consolidallon is carried out on a line -by- line ba$i$. Balances and transaclions be￿een the chanly and ils
subsidiary are eliminated.
c) Funds
General funds are unrestricted funds which are available for use 81 th8 discretion of the Trustees in furtherance
of the general objectives of the charity and whith have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes.
The aim and use of each designated fund is sel out in the notes to the financial stalemenls.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes: The cost of raising and administering Such funds
are charged against the specific fund, The aim and use of each restricted fund is set oul in the notes lo the
financi81 slalements.
dl Income recognitlon
Donations. grants and other similar Income
All donations. grants and other similar income are recognised when the charity has entitlement to the funds. any
performan￿ Conditions attached lo the ilem(s) of income has been mel. it is probable that income will be received,
and the amount can be measured reliably. Such income is only deferred when..
The donor specifies that the grant or donation must only be used in future a¢￿untIng periods., or
The donor has imposed conditions which mu51 be rnet before the charity has unconditional entitlement.
Activities for generating funds
Income from activities for generating funds is induded in the period in which the charity is entitled lo receipt.
Income from 8POrts and leisure activitie8
Income from sports and leisure activities is included in the period in which the activity is provided and is excluding
value added tax.
Inveslment income
Interest and investment income is ￿CogniSed when re￿1¥able.
13

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31ST MARCH 2025
Accounting policies: (continued}
el Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
costs related to the cate90ry. Expenditure is recognised where there is a legal or constructive obligation to make
payments to third parties. it is probable that the settlement will be required. and the amounl of the obligation can
be measured reliably. It is categorised under the following headings..
Costs of raising funds.,
Expenditure on Charitable activities., and
Other expenditure represents those items not falling into the categories above.
Allocation of support co8t8
Support costs include central functions and have been allocated lo activity Cost categories on a basis Consistent
with the use of reSoUr￿s. Support costs include back office costs, personnel and payroll.
Irrecoverable VAT
Irrecoverable VAT is included as a separate cost within costs of the sports and leisur8 aclivilies.
Governance costs
Governance costs Gomprise all costs involving the public accountability of the charity and its compliance with
regulation and good practice. These costs include costs related to statutory audit and legal fees
fj Tanglble fixed assets
Tangible fixed assets are capitalised and included at cost except for investment property which is included al
valuation. Assets in the course of construction includes relevant development expenditu￿.
Dep￿ cralion is prOV￿ed al the following annual rates in order to write off each asset over ils estimated useful lile.
The annual rates principally used are..
Alterations to leasehold premises
Plant and machinery elc
over the uneXpl￿d period of the lease
20°h straight line and 33.30/0 Straight line
gl Investrnents
Investments are recognised initially al falr value which is normally the transaction price exduding transaction
osts. Subsequently. they a￿ measured al fair value with changes recognised in 'net gains l {losses) on
inveslmenls, in the SOFA if the shares ar8 publicly traded or their fair value can othe￿+S8 be measured rellably.
Other investments are measured al cost less irnpairrnent.
h) Stock
Stock is valued al the lower of cost and nel realisable value.
i) Debtors and ¢reditors receivable I payable within one year
Debtors and credilors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in expenditure.
J) Operating leases
Rentals payable and receivable under operating leases are charged to Ihe SOFA on a straight line basis over the
period of the lease.
k) Employee benefits
When employees have rendered serrfice to the charity. short-teTm employee benefits to which Ihe employees are
enlilled are recognised at the undiscounted amount expected lo be paid in exchange for that seryice.
The clprity operates a defined contribution plan for the benefit of ils employees. Contributions are expensed as
they become payable.
14

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Accounting policies: (continued)
11 Tax
The company is a registered Gharity and a5 such is entitled lo certain tax exemptions on income and gains to the
extent that these ale applied to ils Charilable adivilie5.
m) Going Concern
The financial slalements have been prepared on a going concern basi5 as the trustees believe that no material
uncertainlies exist. The trustees have considered the level of funds held and the expected level of income and
expenditLJre for 12 months from authorising these financial statements. The budgeted income and expenditure is
sufficient with the level of reserves for the charity to be able to continue as a going concern.
PARENT CHARITY STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
lunds
Restrlcted
funds
Totsl
2025
Total
2024
Notes
Income and •ndowment8 from..
Donations and legacies
776,023
776,023
280,349
Charitable activities..
Income froffl sports and leisure activities
10,619,283
248.328 10.867,611 10,506,221
Other trading activities
395,387
395.387
397,986
Investments
135.110
135,110
152,432
Total Income •nd gndowments
11,149,780
1,024.351 12.174.131 11,336,988
Expenditure on:
Raising fvnds- Investment Managerfs fees
16,405
16.405
15,599
Charitable activities
Cost of operation of sports and
leisure activities
10,821,819
307,863 11,129,682 10,871.292
Total expèndltur•
10.838.224
307,863 11,146,087 10,686.891
Net income l (expenditure)
311,556
716,488
1,028,044
650.097
Transfers belween funds
738,760
{738.7601
1,050,316
(22,2721
1,028,044
650,097
Gainl(lo$$) on revaluatlon ol Investrnents
12
49,842
49,842
(81,332>
Net incomel(expenditure)
1.100.158
(22,272)
1,077,886
588,765
Fund balances brought forward at
1st April 2024
2.944,825
39.370
2,984,195
2,395,430
Fund balances carried fovward at
31 st March 2025
19
4.044.983
17.098
4,062,081
2,984.195
15

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
GRANTS AND DONATIONS:
Group
2025
2024
Engage grant
Sports England Swimming Pool Support Fund
Other grant5 and donations
37,263
738,760
600
39,516
240,833
776.623
280.349
Income from grants and donations was £776,623 (2024.. £280.3491 of which £776,023 (2024.. £39.516) was
attributsble lo restricted funds and £600 {2024.' £240.833) was attnbutable to unrestricted funds.
Charity
2025
2024
Engage grant
Sports England Swimming Pool Support Fund
Other grants and donations
37.263
738,760
39,516
240.833
776.023
280,349
Income from grants and donations was £776,023 (2024.. £280,349) of which £776,02312024'. £39,516) was
attnbulable lo restricted funds and £nil12024: £240,833) was attnbutable to unrestricted funds
INCOME FROM SPORTS AND LEISURE ACTIVITIES:
Group & Charity
2025
2024
Sports Centre Activities
Perfomiance related grants
Bar takings
Catering income
Vending machine income
Leisure training
Management fees
ServiGe fees
9,951,040
470.233
236,599
132,512
74.238
2,989
9.448.284
484.295
263.572
159.380
59.521
2.387
13,182
75.600
10.867.611
10,5C6.221
Income from sports and leisure activities was £10.867.611 {2024'. £10,506,221) of which £248.328 (2024..
£350.5811 was attributable lo restricted funds and £10,619,283 (2024.. £10,155,640) was attributable to
unrestricled funds.
16

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
INCOME FROM OTHER TRADING ACTIVITIES:
Group
2025
2024
Rental income
Room hire
Car boot sales
Miscellaneous income
Management fee income
128.667
151,522
15,070
128
175,600
170,449
114,849
12,557
131
100.000
470,987
397,986
Income from other trading activities was wholly attributable lo unreslricled funds in the current and prior year.
Charity
2025
2024
Rental income
Rooffl hire
Car bool sales
Miscellaneous income
Management fee income
128,667
151.522
15.070
128
100,000
170,449
114,849
12,557
131
100,000
395,387
397,988
Income from other trading activities was wholly attributsble to unrestricted funds in the current and pnor year.
INCOME FROM INVESTMENTS:
Group & Charity
2025
2024
Inveslmenl income
Bank inleresl
74,150
60,960
95,708
56,724
135,110
152.432
Income from investments was wholty allribulable lo unreslricted funds in the prior year.
ANALYSIS OF EXPENDITURE:
Group
Restricted
funds
Direct
osts
Support
osts
Totsl
2025
Total
2024
R•i$ing funds
16,405
16.405
15,599
Charitable activities
Cost of operation of sports and
leisure facililies
307,863
9,296,373
1.568,572 11.172,808 10,671,292
Total expenditure
307.863
9,312,778
1,568,572 11.189,213 10.686,891
17

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
ANALYSIS OF EXPENDITURE (cont)
2025
2024
Support costs are analysed as follows..
Salaries
Other staff costs
Printing and slalionery
Telephone and postage
Travel and subsistenc8
Advertising
Professional charge$ - legal
Bank charges
Sundry expenses
Other professional fees - financial
1.230.524
33,996
20.360
48,086
9.180
78,653
82,235
50,704
(2,686)
17,520
1,137,405
26,818
109,327
74,617
40.366
11,781
50,177
52,858
1,101
15.012
1,568,572
1,519,462
Expenditure on charitable activities in the prior year was £10,671,292 of which £390,934 was attributable lo
reslricled funds and £10,280,358 was attribulable to unreslricled funds.
Charlty
Ro•trlct•d
funds
Dlrect
co•t•
Support
Totsl
2025
Total
2024
Raising funds
16,405
16,405
15,599
Charitable activities
Cost of operation of sports and
leisure faalilies
307,863
9,296,372
1.525.447 11,129,682 10,671,292
Tot•1 •xpendlture
307,863
9,312,777
1,525.447 11,146,087 10.686,891
2025
2024
Support costs are analysed as follows..
Salaries
Other staff costs
Printing and stationery
Telephone and postage
Travel and subsistence
Advertising
Professional Charges - legal
Bank charges
Sundry expenses
Olher professional fees financial
1.187,399
33,996
20,360
48,086
9.180
78.653
82,235
50.704
(2,686)
17.520
1,137,405
26.818
109,327
74,617
40,366
11,781
50,177
52,858
1,101
15,012
1,525,447
1,519,462
Expenditure on charitable activities in the prior year was £10,671,292 of which £390,934 was attributable to
reslricled funds and £10.280.358 was attributable to unrestricted funds.
18

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
OTHER DISCLOSURES:
Group & Charity
2025
2024
Net Income18 Stated after charglng:
Depreciation
Auditor5, remuneration audit fees
Trustees, expenses
Pension costs
41,774
14.250
22.068
13,575
91,597
78.192
Directors, emolumenls and other benefits etc.
The trustees received no remun8ration or r8imbursemenl of expenses in the current or previous year.
TAXATION:
Group & Charlty
No liability to UK corporation tax arises on ordinary activities for the year ended 31st March 2025 nor for Ihe
year ended 31st March 2024.
10.
EMOLUMENTS OF EMPLOYEES:
Group
2026
2024
Staff Costs:
Wages and salaries
Social secunty cosls
Pension costs
5,096,675
294.651
92.037
4,787,719
265,338
78,192
5.483.363
5,131,249
The average monthly number of employees during the year was as follows..
Number
Number
Sports and leisure activities
Administration
499
27
474
26
526
500
The average fvll lime equivalent number of employee$ for the year was 279 (2024.'271)
One efflployee received emoluments of more than £60,O¢XI in the range of £140.001 10 £150.000 and Iwo
employees re￿iVed emoluments of more than £60.000 in the range of £70,001 10 £80,￿0. {2024'. one in the
range of £130,001 to £140,000 and one in the range of £60.001 to £70,000>. The employer pension ¢onlribulion
for these staff members amounted to £19,043 {2024. £14,838).
The charity considers ils key management personnel lo be the Senior Managemenl 8oard. The total amount of
employee benefits (including employers, Nl> received by key managemenl personnel is £763,903 (2024..
£590,190).
19

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED B Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31ST MARCH 2025
10.
EMOLUMENTS OF EMPLOYEES (cont
Charity
2025
2024
Staff costs:
Wages and salaries
Sooal secufity costs
Pension costs
5,058,523
290.118
91,597
4,787,719
265,338
78,192
5.440.238
5,131,249
The average monthly number of employees during the year was as follows..
Number
Number
Sports and leisure activities
Administration
499
26
474
28
525
500
The average full time equivalent number of employees for the year was 278 (2024.'271)
One employee recelved ernolumenls of more than £60,000 in the range of £140,001 to £150.000 and two
employees received emoluments of more than £60,000 in the range of £70,001 10 £80,000. (2024.. one in the
range of £130,00110 £140,000 and one in the range of £60,001 to £70.000). The employer pension contribution
for these staff members amounted to £19,04312024'. £14,838).
The charity considers ils key management personnel lo be the Senior Management Board. The total amount of
employee benefits (including employers, Nl) received by key management personnel is £763,903 (2024..
£590,190)
11.
TANGIBLE FIXED ASSETS:
Group & Charlty
Alteratlong
Offic•
to leasettold and sports
premlses
equlprnent
Flxturns
and
flttlngs
Motor
under
v•hlcl•s ¢on#truction
Total
COST:
Al 1 st April 2024
Additions
Disposals
40.476
420.767
21,935
331.892
687,660
(15.081)
1,500
794,635
941,417
(15,081)
231.822
At 31st March 2025
40,476
442,702
1.004,471
1,500
231.822 1,720,971
DEPRECIATION:
At 1 st April 2024
Charge for year
40.476
383,851
10.602
162,655
31,172
1,500
588,482
41,774
At 31st March 2025
40,476
394,453
193,827
1,500
830,256
NET BOOK VALUE:
Al 31st March 2025
48.249
810,644
231.822 1,090.715
At 31 sl March 2024
36.916
169,237
206.153
The dosing net book value represents fixed assets used for the direct charitable purpose of sports and leisure
activilies.
20

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31ST MARCH 2025
12.
INVESTMENTS:
Group
2025
Charfty
202S
2024
2024
Listed investrnents
Valuation as al 1 st April 2024
Purchases
Sales proceeds
Revaluation adjustment
2,003.959
1.831.680
2.003,959
1.831,680
858.CM)O
759.644
858,000
759,644
{776,729) (526,033) (776.729) (526,0331
49,842
(61,332)
49.842
(61.332)
Valuation at 31st March 2025
2,135,072
2,003,959
2,135,072
2.003.959
Investments al fair value comprise:
Fixed interest
Equities
Allernalives
Property
Money Market
835.610
974,573
220.319
54,570
50,000
924.892
759,866
229,761
89,440
835,610
974,573
220.319
54,570
50.000
924,892
759.866
229,761
89,440
2,135.072
2,003.959
2,135,072
2,003,959
Coventry Sports Foundation also holds and investment in CV Life, a charitable company limited by guarantee
incorporated in the UK. CV Life'5 company number is 13370057 and its chanty number is 1197786. The value
of the investment in CV Life is £nil.
13.
DEBTORS: Amounts falling due within one year:
Group
2025
Charity
2025
2024
2024
Trade debtors
Prepayments and accrued income
Other debtors
Amounls owed from group undertakings
VAT
750,429
266.104
3,764
275,991
416,571
8,191
742.869
266.104
3,764
9,988
43,698
275.991
416.571
8.191
43,698
1,063,995
700,753
1,066.423
700.753
14.
CREDITORS: Amounts falling due within one year:
Group
2025
Charity
2025
2024
2024
Trade creditors
Social security and other iaxes
Accruals and deferred income
(Xher creditors
888.016
64.241
947,471
29.713
828.145
90,890
1,031,865
23,663
888,016
64,241
947,471
29,713
828,145
90.890
1.031.865
23.663
1,929,441
1,974,563
1,929,441 1, 974,563
21

COVENTRY SPORTS FOUNOATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
15.
DEFERRED INCOME:
Group
2025
Charity
2025
2024
2024
At 1 April 2024
Addilions during Ihe year
Amounts released lo income
25.379
67.431
(25,379)
25.379
67,431
(25.379)
25,379
25,379
At 31 March 2025
87,431
25,379
67,431
25,379
Deferred incoffle relates lo membetship and room hlre in¢ome received in advance.
16.
OPERA TING LEASE COMMITMENTS:
Group & Charity
Total future minimum lease payments under non-cancellable operating leases are as follows..
Lessee..
2025
2024
Land and
bulldlng8
Land and
buildings
Other
othgr
Within one year
Beiween one and five years
In moffj Ihan five years
355,010
1,42.040
9,872,800
80,393
76,307
125.010
500,040
3,900.315
54,804
40,466
11,447,850
136,700
4,525,365
95,270
Lessor:
2025
2024
Land and
bulldlng8
Land and
bulldings
Oth•r
Oih•r
Wilhin one year
Belween one and five years
In more than five years
131.444
440,992
75,CM)O
300.000
18,750
572,436
393.750
Alan Higgs Centr•
The under lease was granted for a lemi commencing 271h February 2020 and expiring 31 * March 2060.
Xcel Centre
The under lease was granted for a tem commencing 25th June 2008 and expiring 301h June 2033.
The Wave
The under lease was granted for a temi expiring 28th March 2062.
22

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
17.
PENSION COST:
Group
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the charity in an independently administered fund. The pension costs charge represents
contributions payable by the cofflpany to the fund and amounted lo £92.037 (2024 - £78,192).
The pension liability as al 31 March 2025 is £13,881 {2024: £12,800)-
18.
RESTRICTED FUNOS:
Balanc•
1.4.24
InCt￿nIng
r¢8ource$
Outgoing
r•$our¢••
Bal•nc•
31.3.25
Tf•n3f•rn
Engage Rugby
CCC Holiday Activities and Food
Sports England SPSF
39,370
37,263
248,328
738.760
(59,535)
(248.328)
17.098
(738,760)
39.370
1.024,351
(307,863) (738,760)
17.098
Engage Rugby is a project to promote rugby and ils values.
CCC Holiday Activities and Food Programme is 8 projèct to deliver the DFE'S Holiday Aclivilies and Food
Programme in Coventry through provision of holiday dubs and holiday activities for children in recelpt of
benefils.relaled free school meals.
The Sports England Swimming Pool Support Fund is 8 fund for enefgy-efficienl upgrades of Ihe swimming
facilities operated by the Charity. Transfers from this fund represent the cost of these capital upgrades, which
have been recognised as fixed asset additions during the period and fomi part of the designated fixed asset
fund.
19.
ANALYSIS OF NET ASSETS BETWEEN FUNDS:
Unrestricted
funds
Restrictsd
funds.
Total
funds
Fund balances al 31st March 2025 are ￿p￿sented by:
Tangible assets
Investments
Net current assets
1.090.715
2.142,650
844.692
1.090,715
2.142,650
861.790
17,098
Total net assets
4,078,057
17.098
4.095.155
20.
RELATED PARTY TRANSACTIONS:
There are no related paty transactions in the year (2024: £nil).
21.
FUNDRAISING REGULATOR STATEMENT OF COMPLIANCE:
Coventry Sports Foundation does not contract to a third paty to undertake any fundraising on its behalf The
charity does not employ a Fundraising Officer. We have received no fundraising complaints durin9 the year.
23

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
TRADING ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
Notes
Facility income
ProfiUILossl on bar and c81ering
ProfiVILossl on vending and retail
Rent
Miscellaneous income
Management fees
SeNice fees
9,951,040
6,648
37,258
128,667
169,709
100,000
9,448.284
13.032
58.752
170.449
129.924
113,182
75,600
IA)
{Bl
{c)
GROSS PROFIT
Grants received
Reslricled grants received
Performan¢e ￿lated grants received
Investment income
10.393.322
10,009.223
776,023
470,233
135.110
39,516
484.295
152,432
11.774,688
10,685.466
Actlvlty costs
Salaries and payroll costs
Staff training and uniforms
Sports equipment
Sports equipment rental
Repairs and maintenance
Travel and trips
Other activity costs
3,609,642
53,147
101,609
71.238
122,906
65,269
142.194
3.379,480
47.323
99,644
87,666
54,612
50.145
163.456
4,166,005
3.882,326
Premis8s Go$ts
Maintenance wage$
Light and heal
Rent and rales
Insurance
Repairs and mainlenance
Cleaning
LiGen¢•s
407.745
1,538.226
544.100
195,379
1.164.265
161,469
138.366
394,050
1.447,246
535,841
175,546
1,115,787
154,280
95,605
4,149,550
3,918,355
Flnanclal oxpgns•$
Bank and loan intèrtr$l
Irrecoverable VAT
50
401.828
490,102
401.878
490,102
Support costs
Salaries
Other staff ¢o$l$
Printing and stationery
Telephone and postage
Travel and subsistenee
Advertising
Professional charges - legal
Bank charges
Sundry expenses
Professional Gharges- fingncial
1.187,399
33,996
20,360
48,086
9,180
78,653
82,235
50,704
12,6861
17,520
1,137,40S
26,818
109,327
74,617
40,366
11.781
SO.177
S2.858
1.101
15,012
1.52S.447
1.519.462
1.531,808
875,221
Donatlon$
Other
240,833
240,833
1.531,808
141,7741
1386,0501
{59,535
{16,4051
1.116,054
122,0681
1388,5021
139,7881
115,5991
Depreciation
The Wave
Reslricled expen5e$~ Engage Rugby
Investment m8nager'$ fee
SURPLUS FOR THE YEAR
1.028,044
650,097
This page does not form part of the slalutory financial statements
24

COVENTRY SPORTS FOUNDATION
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE TRADING ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2025
(A)
Profit on Bar and Catering
2025
2024
Bar
Receipts
Purchases
Bar consumables
236.599
263.572
82,132
16,688
143,250
12,101
98,820
155.351
BAR PROFIT BEFORE SALARIES
ANO MANAGEMENT CHARGES
137,779
108,221
Catering
Receipts
Purchases
Café consumables
132.512
159,380
59,585
17,347
28.317
28,912
76.932
57.229
CATERING PROFIT BEFORE SALARIES
AND MANAGEMENT CHARGES
55.580
102,151
Salaries and payroll costs
Bar operating expenses
186.711
196.800
540
6,648
13.032
(81
Profit on vending and relail
Receipts
Purchases
61.908
36.981
50,343
770
24,927
12.331
49.573
9,179
Commission
37,258
58.752
(c>
Mi8cellaneou8 Incom•
Leisure training
Room hire
Car boot sale
Other
2.989
151,522
15,070
128
2,387
114.849
12,557
131
169.709
129,924
This page does not form part of the statutory financial statements
25