sport-england-2016-17-annual-report-and-accounts

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14 Inventory Inventory consists of the remaining plant filtration equipment relating to the relocatable legacy pool project that was transferred from the Olympic Development Authority (ODA) to Sport England in 2012 following the London 2012 Olympic Games. The transfer of the inventory was at nil consideration. This equipment is treated as current assets at nil value and is expected to be disposed of in 2017-18 at nil cost. Of the nine relocatable swimming pools, five have been transferred to permanent sites, three have been returned to the manufacturer and are unlikely to be relocated to a permanent site and one pool was transferred to a private limited company for installation at a new site that is being determined. 15 Assets held for sale at net book value Group Council 2017 2016 2017 2016 £’000 £’000 £’000 £’000 As at 31 March 2016 259 - - - Transfer from land and buildings 259 - - Impairment (1) - - - Proceeds of sale (258) - - - Total - 259 - - Assets held for sale in 2016 were the land and buildings of Ashlands House, Crewkerne at cost of £321,000 and accumulated depreciation of £63,000. The sale of the property was completed in August 2016 resulting in proceeds of £258,000 which were invested by The Sports Council Trust Company in listed stocks and securities (note 13). 16 Trade and other receivables Group Council 2017 2016 2017 2016 £’000 £’000 £’000 £’000 Trade receivables 366 1,379 365 1,298 Other receivables 425 543 425 543 Staff travel loans 49 69 49 69 Prepayments and accrued income 2,293 1,523 1,230 1,038 Sport England NLDF 4,547 4,452 4,547 4,452 Total 7,680 7,966 6,616 7,400 The English Sports Council Grant-in-Aid Consolidated Accounts for the year ended 31 March 2017 80
17 Grants outstanding Group Council 2017 2016 2017 2016 £’000 £’000 £’000 £’000 Grants outstanding 10,522 6,052 10,522 6,052 Future commitments On the undertaking that funds are to be provided by DCMS, Sport England at 31 March 2017 had entered into commitments to pay grants to award recipients in respect of their approved programmes in the following years. These commitments, which are mainly NGB 2017-2021 funding, have not been recognised in the Statement of comprehensive net expenditure or the Statement of financial position and are shown below. Group Council 2017 2016 2017 2016 £’000 £’000 £’000 £’000 2016-17 - 33,712 - 33,712 2017-18 24,527 - 24,527 - 2018-19 27,275 27,275 2019-20 24,174 24,174 2020-21 22,574 22,574 Total 98,550 33,712 98,550 33,712 18 Trade and other payables Group Council 2017 2016 2017 2016 £’000 £’000 £’000 £’000 Trade payables 509 248 509 248 Corporation tax 14 9 7 8 Accruals 9,450 6,131 8,809 6,074 Pre-paid income - 18 - - Other payables 427 450 427 450 The Sports Council Trust Company - - 51 194 English Sports Development Trust Limited - - 73 18 Total 10,400 6,856 9,876 6,992 The English Sports Council Grant-in-Aid Consolidated Accounts for the year ended 31 March 2017 81
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ANNUAL REPORT & ACCOUNTS HC88 THE E
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© Sport England Copyright 2017 The
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MOVING FORWARD CHAIR’S FOREWORD P
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performance report MOVING MATTERS E
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MOVING MONEY WISELY OUR INVESTMENT
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FINANCIAL OVERVIEW Our income Durin
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MOVING WITH NEW FOCUS IT’S BEEN A
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Safeguarding sports provision One o
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performance analysis MOVING INTO CH
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Children and young people A person
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MOVING TO SUPPORT THOSE ALREADY ACT
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TAKING PART Over the last 12 months
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Local delivery The central principl
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Volunteering - a dual benefit Witho
Page 31 and 32: Making it easy for people to find o
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Page 35 and 36: WORKING EFFICIENTLY There are a num
Page 37 and 38: OTHER FINANCIAL INFORMATION EQUITY
Page 39 and 40: Board Members’ remuneration Board
Page 41 and 42: Subject to audit Salary Bonus payme
Page 43 and 44: STAFF COSTS, NUMBERS AND COMPOSITIO
Page 45 and 46: THE PEOPLE THAT MOVE SPORT ENGLAND
Page 47 and 48: GOVERNANCE STATEMENT 2016-17 OVERVI
Page 49 and 50: SUBSIDIARIES The Sports Council Tru
Page 51 and 52: Sport England Strategy Ensuring del
Page 53 and 54: OTHER GROUPS Sport England has an E
Page 55 and 56: Developing and implementing the Cod
Page 57 and 58: BOARD AND COMMITTEE ATTENDANCE Name
Page 59 and 60: Statement of the Council and Chief
Page 61 and 62: statements are prepared is consiste
Page 63 and 64: Statement of comprehensive net expe
Page 65 and 66: Statement of cash flows for the yea
Page 67 and 68: Statement of changes in taxpayers e
Page 69 and 70: Financial asset income is recognise
Page 71 and 72: 1.19 Pensions Defined contribution
Page 73 and 74: 4 Grants Group Council 2017 £’00
Page 75 and 76: 7 Sports development costs Group C
Page 77 and 78: 9 Net costs apportioned from Excheq
Page 79 and 80: During 2016-17 and 2015-16, the val
Page 81: 13 Financial assets Listed stocks a
Page 85 and 86: 20 Contingent liabilities Contribut
Page 87 and 88: 22 Pension liabilities (continued)
Page 91 and 92: 25 Related party transactions Sport
Page 93 and 94: 26 Derivatives and other financial
Page 95 and 96: Statement of the Council’s and Ch
Page 97 and 98: • the information given in the Pe
Page 99 and 100: Statement of comprehensive net expe
Page 101 and 102: Statement of cash flows for the yea
Page 103 and 104: Notes to the accounts 1 Statement o
Page 105 and 106: Defined benefit scheme A defined be
Page 107 and 108: 4 Grants made 2017 2016 £’000 £
Page 109 and 110: 8 Operating costs 2017 2016 £’00
Page 115 and 116: 14 Related party transactions Sport
Page 117: Awards made in Awards unpaid Suppli
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