SportEngland_AR_17_18

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16 Related party transactions (continued) Relationship Awards made in 2017-18 £ Awards unpaid at 31 March 2018 Supplier transactions in 2017-18 Unpaid supplier transactions at 31 March 2018 £ £ £ Chris Grant Trustee, Youth Sport Trust 6,037,420 3,482,752 - - Employment, Sported 50,000 - - - Consultant, Tennis Foundation 20,000 - - - Consultant, UK Sport - 336 - - Debbie Jevans CBE Consultant, Birmingham City Council - 2,814,998 - - Partner: Member, National Trust - 2,547,506 - - Wasim Khan MBE Member, England and Wales Cricket Board - 2,510,000 - - Karen Pickering MBE Member, Amateur Swimming Association - 5,643,552 - - Imm. Family: Member, Amateur Swimming Association Charles Reed Chair, Activity Alliance - - 6,726 - Board Member, Cirencester College Sports Careers Academy David Goldstone CBE Director, London Legacy Development Corporation 85,000 75,040 - - - 80,401 - - Imm. Family: Durham University - 17,292 - - John Flook Board Member, British Orienteering Federation - 608,785 - - Member, National Trust - 2,547,506 - - Andy Long Member, National Trust - 2,547,506 - - Partner: Member, National Trust Imm. Family: Member, Amateur Swimming Association - 5,643,552 - - Eilish Jamieson Member, National Trust - 2,547,506 - - Partner: Member, National Trust Adam Spires Committee Member, Fareham College - 2,916 - - Peter Rowley OBE Member, England Athletics - 4,618,433 - - Chair, Sports Council Trust Company - - 1,017,836 1,721 Director, Streetgames UK 54,000 241,255 - - Director, Tees Valley Community Foundation 150,000 112,600 - - Jennie Price CBE Board Member, Football Foundation - - 20,884 - The English Sports Council National Lottery Distribution Fund Accounts for the year ended 31 March 2018 116
16 Related party transactions (continued) Relationship Awards made in 2017-18 £ Awards unpaid at 31 March 2018 Supplier transactions in 2017-18 Unpaid supplier transactions at 31 March 2018 £ £ £ Rona Chester Board Member, Eastlands Trust Limited 5,300 - - - Board Member, Football Foundation - - 20,884 - Member, National Trust - 2,547,506 - - Partner: Member, National Trust Partner: Member, England Golf - 1,177,132 - - Charles Johnston Director, Eastlands Trust 5,300 - - - Lisa O’Keefe Board Member, Mountain Training Trust - - 1,245,808 267,195 Member, British Mountaineering Council - 74,084 - - Member, British Cycling - 7,191,000 - - Partner: Employment, England and Wales Cricket Board Phil Smith Imm. Family: Member, Salusbury Primary School - 2,510,000 - - - 2,397 - - Alison Selfe Imm. Family: Member, British Cycling - 7,191,000 - - Partner: Employment, London Borough of Havering - 62,220 - - 17 Derivatives and other financial instruments Sport England Lottery relies on its share of proceeds from the National Lottery, with some partnership funding to finance its operations. Items such as trade receivables and trade payables arise from its operations. Sport England does not enter into derivative transactions. Sport England Lottery undertakes all transactions in Pound Sterling and therefore has no currency exchange risk. Sport England does not enter into any forward foreign currency contracts or similar financial instruments. Sport England Lottery does not borrow money and therefore has no exposure to interest rate or liquidity risk in this regard. Cash balances are held in a commercial bank account and attract market rates of interest. Liquidity risks The bulk of the financial assets of Sport England Lottery are held by the NLDF. The Board recognises that their grant commitments and other payables exceed the value of funds in the NLDF. However, the Board considers that Sport England is not exposed to significant liquidity risks as they are satisfied that Sport England will have sufficient liquid resource to cover all likely grant payments and other liabilities in the coming year. If there was a long-term decline in Lottery income the Board would adjust its annual grant budgets to compensate for the decline. The English Sports Council National Lottery Distribution Fund Accounts for the year ended 31 March 2018 117
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ANNUAL REPORT & ACCOUNTS THE ENGLIS
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© Sport England Copyright 2018 The
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CHAIR’S FOREWORD WE HAVE MADE IMP
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performance report SPORT AND ACTIVI
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OUR STRATEGIC PRIORITIES ALMOST TWO
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FINANCIAL OVERVIEW Our income Durin
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performance analysis ACTIVE LIVES:
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PROTECTING PITCHES PLAYING FIELDS A
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COACHES, VOLUNTEERS AND THE PAID WO
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BECOMING AN ACTIVE NATION PEOPLE IN
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FINDING LOCAL SOLUTIONS TO STUBBORN
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KEEPING ACTIVE PEOPLE ACTIVE AND NU
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CLOSING THE GENDER GAP MAKING PHYSI
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LEADING THE WAY ON GOVERNANCE THE N
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LEADING THROUGH PARTNERSHIP PARTNER
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OPEN DATA: REMOVING BARRIERS MAKING
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ACCOUNTABILITY REPORT CONSOLIDATED
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WORKING EFFICIENTLY There are a num
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REMUNERATION AND STAFF REPORT The c
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executive directors’ remuneration
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LPFA PENSION BENEFITS Subject Accru
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EXIT PACKAGES 2018 (subject to audi
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We have introduced unconscious bias
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Board • Comprises a maximum of 14
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OUR BOARD Sport England has an expe
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OUR COMMITTEE STRUCTURE In addition
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Board scrutiny of risk management a
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Fraud risks There is a risk to gran
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The English Sports Council Grant-in
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The report of the Comptroller and A
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Matters on which I report by except
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Statement of financial position as
Page 66 and 67: Statement of changes in taxpayers
Page 68 and 69: Notes to the accounts 1 Statement o
Page 70 and 71: Depreciation Depreciation is provid
Page 72 and 73: 2 Grants received Group Council 201
Page 74 and 75: 5 Staff costs Group Council 2018 £
Page 76 and 77: 8 Operating costs Group Council 201
Page 78 and 79: 11 Property, plant and equipment—
Page 80 and 81: 12 Intangible assets Group Council
Page 82 and 83: 14 Inventory Inventory consisted of
Page 84 and 85: 19 Provisions Group Council 2018 £
Page 86 and 87: 22 Pension liabilities (continued)
Page 90 and 91: 23 Revaluation reserves - group 201
Page 92 and 93: 25 Related party transactions (cont
Page 94 and 95: The English Sports Council National
Page 96 and 97: The certificate and report of the C
Page 98 and 99: • the information given in Perfor
Page 100 and 101: Statement of financial position as
Page 102 and 103: Statement of changes in equity for
Page 104 and 105: All other income is accounted for o
Page 106 and 107: 2 National Lottery Distribution Fun
Page 108 and 109: 7 Sports development costs 2018 £
Page 110 and 111: 12 Trade and other payables 2018 £
Page 118: 18 Events after the reporting perio
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