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← Greater Manchester Sports Partnership

2025-03-31-accounts

Charity registration number 1059115

Company registration number 03258930 (England and Wales)

GREATER MANCHESTER SPORTS PARTNERSHIP

OPERATING AS "GREATER MANCHESTER MOVING" ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" LEGAL AND ADMINISTRATIVE INFORMATION

Management Committee

The Management Committee, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Mike Perls MBE (Chair)
Sarah Brown-Fraser (Disability/Inclusion/ Marketing)
Rob Mukherjee (Digital/Data strategy/Commercial)
Warren Heppolette (Senior Independent Director)
Daniel Cropper (Legal)
Leanne Feeley (GMCA)
Steven Pleasant MBE (Local Authority)
Sally Carr MBE (VCSE sector)
Will Baker (Finance / Risk)
Jill Harrison (ESG)
Abigail Irozuru (Sport and Performance) Appointed 7 November 2024
Marisa Logan-Ward (Health) Appointed 12 June 2025
Sanjay Bhandari (Finance/Risk, Enterprise) Resigned 23 September 2024
Katy Calvin-Thomas (Health) Resigned 20 December 2024
Key management Hayley Lever Chief Executive
personnel Matthew Stocks Strategic Director
Beth Sutcliffe Strategic Director
Richard Davis-Boreham Strategic Director
Joe Sarling Strategic Director
Eve Holt Strategic Director
Caroline Grime Head of Finance
Charity number 1059115
Company number 03258930
Registered office Greater Manchester Moving
and operational House of Sport
address Rowsley Street
Manchester
M11 3FF
Operating name Greater Manchester Moving
Auditor Sumer Audit
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
Bankers The Co-operative Bank PLC CAF Bank Ltd
1 Balloon Street 25 Kings Hill Avenue
Manchester Kings Hill
M60 4EP West Malling
Kent, ME19 4JQ

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" CONTENTS

Page
Management Committee's report 1 - 14
Statement of management committee's responsibilities 15
Independent auditor's report 16 - 18
Statement of financial activities 19
Balance sheet 20
Statement of cash flows 21
Notes to the financial statements 22 - 39

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Management Committee present their report and the audited financial statements for the year ended 31st March 2025. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

It is a requirement that the charity reports on how it satisfies the public benefit test introduced by the Charities Act 2006. Greater Manchester Moving can report as follows:

a) The report of those activities undertaken by Greater Manchester Moving to further its charitable purposes for the public benefit can be found in this report under the headings 'Objectives and Activities’ and 'Achievements and Performance'.

b) Accordingly, the trustees hereby state that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission.

Objectives and activities

Greater Manchester Moving (GMM) is a Greater Manchester (GM) charity with a clear purpose to Change Lives Together through movement, physical activity and sport. We lead, support and connect people and partners across Greater Manchester to develop and deliver on a whole system vision and approach to GM Moving in Action.

During the year ended 31 March 2025 the Charities objects were:

Strategy

GMM is one of 42 Active Partnerships; a network across the country who work collaboratively to create the conditions for an active nation we have a unique and trusted strategic partnership with the GM Combined Authority, GM NHS, the 10 local authorities in GM and Sport England. We also work with Sport England to support the local implementation of the Uniting the Movement Strategy. A strategy which sets out Sport England’s 10-year vision to “transform lives and communities through sport and physical activity.”

The Greater Manchester Moving business plan 2025-27 sets out the vision, mission, purpose and values of the organisation. It provides an overview of our organisational priorities up to 2027 and describes how the organisation supports people and partners across the Greater Manchester system and wider to deliver Greater Manchester’s whole system strategy for physical activity GM Moving in Action.

The GM Moving in Action strategy sets out what is needed to get people moving more by designing moving into everyday life. Helping people move a little more, making it easier to be active and a natural part of how we all live, travel, work and play in Greater Manchester.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Activities:

GMM has committed to contributing towards the GM Moving movement and delivering GM Moving in Action commitments. The Charity’s role in doing this is organised in the following ways:

People families and communities:

To work with and meet the needs of Greater Manchester people, families and communities, in all their diversity, to enable everyone to live an active life.

Inclusive participation and access

To widen access and participation in physical activity, sport and active travel to create a greater, more inclusive choice of ways to be active every day.

Active places

To grow and spread place based active approaches, environments and partnerships to create the conditions for an active life in localities, neighbourhoods and across the city region.

Whole system integration

To work together as one GM team to lead, model, advocate for and embed a whole-system approach to physical activity, creating the conditions within a healthy, green, socially just city region where everyone can move and live a good life.

Catalysts

There are some specific areas of work which underpin and provide the foundations for whole system change.

Business Operations

A commitment to maintaining the highest standards of governance and financial management and in doing so ensuring that we remain compliant with all statutory, regulatory and contractual requirements, including but not limited to those set by the Charity Commission, Companies House and the Code for Sport Governance.

To achieve these shared priorities GMM will lead, support and connect the conversations and work across the Greater Manchester systems in the following ways:

1. Understanding, learning and sharing

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

2. Leading, supporting and connecting

3. All Underpinned by…

Over the year, two key internal policy documents have been developed in line with our commitment to the Sport England governance code:

Equality, equity, diversity & inclusion: Our commitment

GMM is committed to providing equal opportunities and promoting diversity, irrespective of ethnicity, age, gender identity, sexuality, disability, religion, pregnancy or personal circumstance. We ensure we consider lived experiences and personal circumstance when creating an equitable working environment, by promoting a safe, equal and respectful workplace.

Equality, equity, diversity and inclusion is critical for the success of GMM and the achievement of our vision. We are fully committed to treating all our employees, job applicants and volunteers equally and equitably. As an employer, we aspire to being a diverse, inclusive and responsible organisation.

Our Equality, Equity, Diversity and Inclusion Plan defines our unbridled commitment to becoming a more equal, fair, diverse, and inclusive organisation, which we know will enable us to make better, more informed decisions, provide wider perspectives, increase innovation and creativity, drive change and improve performance.

Environmental, Social and Governance statement

The GMM Board will do what’s right for people and planet. We will ensure we factor impact on stakeholders, wider society and the environment into the decisions we make, and the actions we take.

Key messages

  1. Environmental, social and governance impact matters to active lives for all.

  2. Together we can create the conditions and measures for our organisation to positively impact on these areas.

  3. We all have a role to play to embed this across our organisation.

This is an important part of our overall Code of Governance commitments.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

How our activities deliver public benefit

The trustees have paid due regard to the Charity Commissions guidance on public benefit and the GMM business plan remains the overall strategy for GMM. In the delivery of the business plan and the priority plans that are attached to it, we will unlock the barriers to people being active and moving more, by connecting different parts of the GM system, pooling resources (people and finance) and enabling communities to be self-activating. If this is achieved, then the following benefits could be realised:

Inactivity is a challenge to shift. Doing less than 30 minutes of physical activity per week is a key cause of obesity and one of the top 10 causes of early deaths. Regular exercise can help prevent chronic diseases such as heart disease, diabetes and cancer, which together costs Greater Manchester’s health services more than £26 million every year.

Economically, Every £1 spent on sport and physical activity generates almost £4 in return across health and wellbeing, strengthening communities and the national economy. (Get Active: a strategy for the future of sport and physical activity, DCMS, 2023)

Physical inactivity costs our local economy £325m a year. 15 million days are lost due to sickness absences across the Northwest each year – with physically active workers taking far fewer sick days and work-based physical activity programmes helping to reduce absences. For individuals, doing 30 minutes of exercise three times a week has been calculated to increase average earnings by 7.5%. (GM Health and Social Care Partnership -Transforming the health of our population in Greater Manchester, 2022)

The health benefits of sport and physical activity are well known. Active people live healthier, longer and happier lives, with physical activity reducing the risk of disease, helping to support individuals to maintain a healthier weight and a wide-ranging musculoskeletal health benefits.

Physical activity

Increasing physical activity can also improve mental health, reducing stress and increasing self-esteem, strengthen friendships, family and community relationships, and improve our air quality and environment.

Mental health

Being active and playing sport can lead to greater self-esteem, reduced anxiety and increased confidence. Active lifestyles are associated with 30 million fewer GP visits and 375,000 fewer people being diagnosed with depression, which helps to reduce absenteeism and thus increase productivity at work.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Many studies and clinical trials have shown specific benefits including: improved mood, reducing symptoms of stress, anger, depression and job burnout, alleviating anxiety and slowing cognitive decline. It has been suggested that physical activity may have effects on treating depression comparable to Prozac or behavioural therapy.

Key outcomes and beneficiaries of our services:

The outcomes of our work are aligned to contributing to the Governments’ policy priorities with a strong focus on the broader outcomes of activity:

These outcomes are fundamentally measured through the national survey Active Lives and National Health data sets.

GM Moving measurement and evaluation framework

GMM has been working to refine its understanding of measurement and evaluation and put in place a framework which provides a range of data across a number of indicators which help us demonstrate what works to support culture change, system change and behaviour change, in different contexts and why.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

The charity's main activities and who it helps are described below. All its charitable activities focus on improving people’s health and wellbeing through increasing physical activity. Our successes are a result of our strong team who lead, support and connect with partners across the system connecting the GM Moving: In Action strategy to delivery at a local level.

Sport England key outcomes

Sport England has four key outcomes linked to their Uniting the Movement strategy against which they measure impact of their investment. The infographic below shows the progress that Greater Manchester has made against those outcomes

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Key successes

Our activities are wide ranging from policy and strategic influence, communications, learning and development, programme development and delivery, research, insight and evaluation.

Some specific highlights included:

Specific work strand achievements and impacts can be seen below:

Children and young people

Active adults

Inclusive participation and access

Active places

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Whole system integration

Catalysts

Business operations

Financial review

Ongoing investment from our primary funders is secured. An agreement was signed with Sport England for a Place Partnerships investment of approximately £7m over 3 years (2025-28). Annual core investment from Sport England (£1,087,180) GMCA (£175,600) and GMICP (£668,000) each was during the year to March 2025 and is secured to at least March 2026.

Total income for the year 2024/25 was approximately £3.2m compared to £3.0m in 2023/24 (7% increase). Sport England was GMM’s largest funder, contributing £2m this year compared to £1.8m in the 2023/24. This increase was due to additional funding received for Football and Multisport and one-off projects including Moving Communities and Manchester Coaching Festival. There was also a full year of funding for the Welfare Officers programme, compared to a half year of funding in the prior year.

Expenditure for the year 2024/25 was approximately £2.8m, compared to £3.2m in 2023/24. The decrease of 11% reflects the reprofiling of restricted grants due to timing differences of expenditure and changes in personnel during the year resulting in cost savings. Underspends against unrestricted funds have led to the creation of two designated funds in 2025/26 to support the strategic long-term plans of the Charity. At the balance sheet date, the charity had net assets of £1.45m, compared to £1.36m at 31 March 2024.

As a means to protect the value of the reserves retained as part of the reserves policy, in June 2023, the charity established an investment portfolio (£0.2m) managed through an external management company – Investec. The investment was placed via an agreed investment policy which considered Environmental, Social and Governance factors and set out areas of business, investment could not be made:

In December 2024 an additional £0.16m was invested in Government Gilts. At the end of March 2025, the total investment was valued at £0.38m.

Cash deposits had increased from £520,000 to £682,000 during the year ended 31 March 2025. This increase in cash was a result of underspend in some of the projects and the timing of grant receipts at the end of financial year.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Total debtors decreased from £165,000 to £14,000 during the year ended 31 March 2025. This was due to core grant income from GMCA being invoiced in advance in March 2024 and a reduction in prepayments and deferred income.

Principal funding sources

There are 4 principal funding sources within the organisation:

As part of the board’s decision to reduce financial risks and maximise investment income, the charity continued to invest some of its reserves in long term deposit accounts with CAF Bank, Virgin Bank & ShawBrook Bank as well as a portion of invested low risk securities. The charitable company is an admitted body of the Greater Manchester Pension Fund. See note 1.11 for further details on the accounting for this scheme.

Reserves policy

The charity has established a free reserves policy that focuses on the value and liquidity of available reserves to ensure sufficient working capital is available and to accommodate the financial impact of the risks the charity may face. Given the significant dependence on our primary funding partners the policy also considers the funds required to address the impact of a material change in funding levels from our primary funding partners. Free reserves exclude restricted funds and designated funds, and the policy is reviewed annually.

In March 2025 the board of trustees have considered the working capital needs and the potential risks the charity faces and determined that a free reserves requirement is an amount of £623,000 which should be available in cash or assets that could be readily liquidated. At the balance sheet date our free reserves were £1,026,000 and cash and assets that could be readily liquidated amounted to £1.2m. This shows excess reserves of £403,000 at the balance sheet date. In addition, although designed as long-term investments, fixed asset investments could be liquidated in the near term if required, although this could result in reduced gains. As part of our strategic planning process, the Trustees will continue to consider how these excess reserves can best be applied over the medium term to accelerate our charitable mission.

Unrestricted, Restricted and Designated Funds

On 31 March 2025, the charity had total funds of £1.45m. Of this balance, £1.03m were unrestricted funds and £422,000 were restricted. Restricted funds are those funds that have been received for restricted purposes and projects.

In comparison for the year ended 31 March 2024 there were funds of £1.36m, of this balance, £970,000 were unrestricted funds and £395,000 were restricted.

Future Plans

GMM has developed a business plan which sets out our purpose, vision and mission, our values and the way we work, who we are and what we do. It describes how we support people and partners across the system and outlines our value and contribution to GM Moving in Action.

Purpose

GMM’s purpose is Changing Lives Together through Movement, Physical Activity and Sport.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Vision

United communities and more equal and inclusive places in which people can lead happier, healthier and more active lives

Mission

We lead, support and connect a Greater Manchester system that creates the conditions to enable Active Lives for All

Operationally, GMM will continue to work on its systemic and delivery roles as outlined in our submission to Sport England for primary investment as well as delivering against the priority plans which support the ambitions within GM Moving in Action.

Within the organisation, we have identified the foundations which help to create and sustain a healthy, productive, efficient, high-performing, motivated and progressive organisation that leads the way, within Greater Manchester and beyond.

These foundations and building blocks of a high performing organisation are what we measure ourselves against.

2025-26 Key Areas of Focus

In response to this message from our Chair,

“GM Moving is viewed positively and significantly locally, nationally and internationally.

There is a sense of permission and invitation to offer something bigger. We could make a more significant contribution, and we have more value to add. Currently, there’s an informality to that ask. There is a generosity and openness about how we operate, and a continual ask from others for us to share, support learning, coach, mentor and guide people, organisations and places in their work” ….

We are taking greater responsibility for our leadership in Uniting the Movement, and taking positive action, aligned to our values, to lead, support and connect within and outside of Greater Manchester.

This includes:

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

GMM is a Company Limited by Guarantee, registered in England and Wales, No. 3258930, registered Charity No. 1059115. It is governed by its Articles of Association. Greater Manchester Moving was originally constituted in 1996 (as GM Youth Games) and changed its name in 2000 to GM Sports Partnership. The Articles of Association were amended in 2023 to reflect updated Company Objects and also current legislation.

As a Charitable Company, GMM has a Board of Directors who also serve as the Charity Trustees. Trustees/ Directors are recruited against a skills matrix that defines areas that the company needs represented, to drive the business plan forward for the benefit of GM. The Strategic Lead Business Operations acts as Company Secretary. All Directors/Trustees undergo Induction Training. This is carried out by the CEO and supported by the Strategic Lead Business Operations.

There is a comprehensive induction pack which includes Terms of Reference of the Board and Subgroups; Trustee Job Description; Roles of the Board; Code of Conduct; Levels of Delegated Authority; Declaration of Interests, and information on Greater Manchester Moving structure. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees on 31st March 2025 was 12 (2024:12). The management committee are members of the charity, but this entitles them only to voting rights. The management committee have no beneficial interest in the charity. All management committee give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 12 to the accounts.

There are two sub committees of the main board – Audit and Risk and Nominations and Remunerations. Both committees meet formally twice a year outside of the main board meetings and have decision-making functions based on recommendations brought forwards by the Executive Team. Both committees report directly to the main Board.

The executive functions of the Company are managed by the Executive Team, which consists of Hayley Lever (Chief Executive Officer) and four Strategic Directors. The CEO and Directors have delegated powers for the dayto-day management of GMM. GMM is an independent company (as outlined above) and is part of a wider support network (the Active Partnership Network). The APNT connect, strengthen and enable Active Partnerships, and as nurturing relationships across different sectors, stakeholders and within government bodies and departments.

Related parties and relationships with other organisations

GMM is a Company Limited by Guarantee and a Registered Charity. It has no subsidiary undertakings. It works closely with a wide range of organisations and charities to further its charitable objects. These include National Governing Bodies of Sport, Active Partnership Network, GM combined Authority, GM Local Authorities, The Integrated Health & Care Partnership, Sport England and other local cross sector organisations.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Remuneration policy for key management personnel

GMM has a Pay Policy Statement which sets out the Charities approach to setting the pay of its employees by identifying the method by which all salaries of employees are determined and who is responsible for ensuring the policy is adhered to.

The policy sets out the organisation context for pay including stating that GMM uses the nationally negotiated Local Government Public Sector pay spine as the basis for its rates of pay. The salary structure is in line with pay bands and identifies Pay Grades and Scale Points that each type of role falls between. The pay of the Senior Management Team (and implementation of Cost-of-Living Allowance increases to the wider staff team) is further determined and reviewed by the GMM Board Nominations & Remuneration Sub-committee with recommendations being made to, and agreed by, the wider Board of Trustees.

Risk Management

The GMM Board of Trustees has the overall responsibility to ensure that sound and effective risk management and internal control systems are maintained and reviewed for effectiveness. GMM has created an Audit & Risk Subcommittee which supports the board and has delegated authority to agree (or, where appropriate, make recommendations) the following:

The Audit & Risk Sub-committee will then report to the Board after due review of the effectiveness of the Groups risk management and internal control systems. The Board considers the work and findings of the sub-committee in forming its own view on the effectiveness of the systems. The Executive Team together with the Strategic Lead - Business Operations are responsible for designing and implementing risk management and internal control systems to manage risks with the whole team. The Greater Manchester Moving Risk Management Plan draws on guidance information from the Charity Commission

Potential risks to the organisation are identified and assessed against the impact and likelihood (net risk). Each risk then has identified control measures resulting in a residual risk score and then if further action is required a target score is provided.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The risk register template and the risks identified were updated resulting in the production of 10 key organisational risks that are reported to Board on a quarterly basis.

Thematically the risks that have been identified are:

The Audit & Risk Committee will ensure that that there is a robust budgeting and forecasting process to ensure any shortfalls identified. Trustees are confident that the level of free reserves held by the charity will sufficiently cover any budgetary shortfalls in the short to medium term.

The Company is insured through Howdens (Insurance Broker) and the policies cover the business risks of the company.

Fund Raising

There were no fund-raising activities within the financial year.

Statement of responsibilities of the management committee

The management committee (who are also directors of Greater Manchester Sports Partnership for the purposes of company law) are responsible for preparing the management committee’s annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the management committee to prepare financial statements for each financial year which give a true and fair view of the position of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the management committee are required to:

The management committee are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the management committee are aware:

The management committee are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" MANAGEMENT COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Auditor

Sumer AuditCo. Ltd were re-appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity. The engagement is structured under a Master Services Agreement, wherein Carpenter Box provides audit services through its personnel, who carry out the requisite audit procedures.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

The management committee's report was approved by the Board of Management Committee.

Mike Perls

..............................

Mr M J Perls MBE

Trustee

Date: ............................................. 04 September 2025

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" STATEMENT OF MANAGEMENT COMMITTEE'S RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The management committee, who are also the directors of Greater Manchester Sports Partnership for the purpose of company law, are responsible for preparing the Management Committee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the management committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the management committee are required to:

The management committee are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" INDEPENDENT AUDITOR'S REPORT

TO THE MANAGEMENT COMMITTEE OF GREATER MANCHESTER SPORTS PARTNERSHIP

Opinion

We have audited the financial statements of Greater Manchester Sports Partnership (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the management committee's use of the going concern basis of accounting 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 cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the management committee with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The management committee are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MANAGEMENT COMMITTEE OF GREATER MANCHESTER SPORTS PARTNERSHIP

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the management committee's 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:

Responsibilities of management committee

As explained more fully in the statement of management committee's responsibilities, the management committee, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the management committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the management committee are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the management committee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the charitable company for fraud. We are also required to perform specific procedures to respond to the risk of management override. As a result of performing the above, we identified the following areas as those most likely to have an impact on the financial statements: compliance with the UK Companies Act and Charities Act.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MANAGEMENT COMMITTEE OF GREATER MANCHESTER SPORTS PARTNERSHIP

In addition to the above, our procedures to respond to risks identified included the following:

Due to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). For instance, the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-compliance.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility 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 opinions we have formed.

Kristina Perry

Kristina Perry FCCA (Senior Statutory Auditor) for and on behalf of Sumer Audit Chartered Accountants Statutory Auditor Worthing

05 September 2025

.........................

Sumer Audit is the trading name of Sumer Auditco Limited

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Restricted Total Unrestricted Restricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
1.2 **as restated ** as restated
Income from:
Charitable activities 3 175,600 2,792,290 2,967,890 175,600 2,704,693 2,880,293
Other trading activities 4 69,897 - 69,897 705 - 705
Investments 5 158,011 - 158,011 113,974 - 113,974
Total income 403,508 2,792,290 3,195,798 290,279 2,704,693 2,994,972
Expenditure on:
Charitable activities 6 44,925 2,764,681 2,809,606 57,824 3,092,975 3,150,799
Net gains on
investments 10 286 - 286 16,037 - 16,037
Net income/(expenditure) 358,869 27,609 386,478 248,492 (388,282) (139,790)
Transfers between
funds - - - (93) 93 -
Other recognised
gains and losses:
Actuarial losses on
defined benefit pension
schemes (303,000) - (303,000) (209,000) - (209,000)
Net movement in
funds 55,869 27,609 83,478 39,399 (388,189) (348,790)
Reconciliation of funds:
Fund balances at 1 April 2024 970,239 394,523 1,364,762 930,840 782,712 1,713,552
Fund balances at 31 March
2025 1,026,108 422,132 1,448,240 970,239 394,523 1,364,762

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" BALANCE SHEET

AS AT 31 MARCH 2025

2025 2025 2024 2024
Notes £ £ £ £
Fixed assets
Investments 12 376,323 216,037
376,323 216,037
Current assets
Debtors 13 13,640 164,728
Investments 14 542,386 737,561
Cash at bank and in hand 682,484 520,105
1,238,510 1,422,394
Creditors: amounts falling due within
one year 15 (166,593) (273,669)
Net current assets 1,071,917 1,148,725
Total assets less current liabilities 1,448,240 1,364,762
Income funds
Restricted funds 18 422,132 394,523
Unrestricted funds 1,026,108 970,239
1,448,240 1,364,762
The financial statements were approved by the Management Committee on .........................
04 September 2025

Mike Perls

.............................. Mr M J Perls MBE Trustee

Company registration number 03258930

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

2025 2025 2024 2024
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 22 96,193 439,180
Investing activities
Purchase of investments (160,000) (200,000)
Investment income received 31,011 23,974
Net cash used in investing activities (128,989) (176,026)
Net cash used in financing activities - -
Net (decrease)/increase in cash and cash
equivalents (32,796) 263,154
Cash and cash equivalents at beginning of year 1,257,666 994,512
Cash and cash equivalents at end of year 1,224,870 1,257,666
Relating to:
Cash at bank and in hand 682,484 520,105
Short term deposits included in current asset
investments 542,386 737,561

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Greater Manchester Sports Partnership is a private company limited by guarantee incorporated in England and Wales. The registered office is Greater Manchester Moving, House of Sport, Rowsley Street, Manchester, M11 3FF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Prior period adjustment

The financial statements include a restatement to income from charitable activities in the comparative period in respect of the Sport England 'Core Systematic' funding. In previously filed accounts this was recognised within donations and legacies. The amounts reclassified in the year ended 31 March 2024 are £1,047,296. This reclassification has no impact on net income or reserves.

1.3 Going concern

At the time of approving the financial statements, the management committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees have considered relevant information, including the charity’s principal risks and uncertainties, the annual budget, four year financial forecast and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the trustees have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the management committee in furtherance of their charitable objectives.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from government and other grants is recognised when the charity has entitlement of the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. The bases on which support costs have been allocated are set out in note 7.

1.7 Investments

Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Current asset investments

Current asset investments include cash investments with a maturity of greater than three months from the date of opening of the deposit or similar account.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand and bank balances. Cash equivalents are defined as shortterm investments that are highly liquid and can be easily converted into a known amount of cash.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

The charitable company is an admitted body of the Greater Manchester Pension Fund.

The Greater Manchester Pension Fund (GMPF) is a multi-employer defined benefit scheme administered for the benefit of Local Authorities and other bodies and is managed in accordance with the Local Government Pension Scheme Regulations 1997 (as amended). Past and present employees are covered by the provisions of the Greater Manchester Pension Scheme.

The LGPS is a funded scheme and the assets are held separately from those of the charity in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The amounts charged to operating surplus are the current service costs and the costs of scheme introductions, benefit changes, settlements and curtailments. They are included as part of staff costs as incurred. Net interest on the net defined benefit liability/asset is also recognised in the statement of financial activities and comprises the interest cost on the defined benefit obligation and interest income on the scheme assets, calculated by multiplying the fair value of the scheme assets at the beginning of the period by the rate used to discount the benefit obligations. The difference between the interest income on the scheme assets and the actual return on the scheme assets is recognised in other recognised gains and losses.

If the present value of the defined benefit obligation at the reporting date is less than the fair value of plan assets at that date, the plan has a surplus. A plan surplus, as a defined benefit plan asset, is only recognised to the extent that it can be recovered either through reduced contributions in the future or through refunds from the plan. Actuarial gains and losses are recognised immediately in other recognised gains and losses.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the management committee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
**as restated ** as restated
Sport & physical activity
development
Grants 175,600 2,792,290 2,967,890 175,600 2,704,693 2,880,293

Performance related grants analysis

2025 2024
£ £
as restated
Greater Manchester Combined Authority 200,600 200,600
Sport England 2,011,775 1,768,236
GMICP 668,000 668,339
Home Office - 135,736
GM Local Authorities 20,000 9,999
Active Partnership Network 67,515 85,391
Bury Council - 11,992
2,967,890 2,880,293

4 Other trading activities

Unrestricted Restricted **Total ** Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Consultancy and
conference fees 69,897 - 69,897 705 - 705

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

5 Investments

**Unrestricted ** Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Interest receivable 31,011 - 31,011 23,974 - 23,974
Net interest on defined
benefit pension scheme 127,000 - 127,000 90,000 - 90,000
158,011 - 158,011 113,974 - 113,974

6 Expenditure on charitable activities

2025 2024
£ £
Direct costs
Staff costs 1,448,272 1,340,360
Training and recruitment 19,582 18,744
Office expenses 5,816 25,530
Miscellaneous 7,966 5,405
Professional fees 72,944 4,871
Hire of facilities and rentals 9,221 5,849
Sports programmes 607,198 1,176,312
Insurance 8,721 8,671
Events 16,617 13,026
Advertising and promotions 15,644 31,529
2,211,981 2,630,297
Share of support and governance costs (see note 7)
Support 577,224 506,408
Governance 20,401 14,094
2,809,606 3,150,799
Analysis by fund
Unrestricted funds 44,925 57,824
Restricted funds 2,764,681 3,092,975
2,809,606 3,150,799

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Support costs

Support costs
Support
Governance		 2025 Support
Governance		 2024
costs costs costs costs
£ £ £ £ £ £
Staff salaries & travel 394,762 - 394,762 368,969 - 368,969
Training & recruitment 20,404 - 20,404 31,265 - 31,265
Office rent & expenses 68,655 - 68,655 41,575 - 41,575
Depreciation 5,143 - 5,143 4,947 - 4,947
Professional fees 57,272 - 57,272 41,589 - 41,589
Club development,
competitions & coaches 3,960 - 3,960 303 - 303
Hire of facilities 3,879 - 3,879 2,847 - 2,847
Insurance 8,317 - 8,317 7,474 - 7,474
Advertising and
promotion 14,832 - 14,832 7,439 - 7,439
Board expenses - 2,144 2,144 - 4,565 4,565
Audit & accountancy fees - 18,257 18,257 - 9,529 9,529
577,224 20,401 597,625 506,408 14,094 520,502
Analysed between
Charitable activities 577,224 20,401 597,625 506,408 14,094 520,502

All support costs incurred are allocated on a direct cost basis to charitable activities.

Governance costs includes payments to the auditors of £12,540 (2024: £9,529) for audit and preparation of financial statements.

8 Management Committee

None of the trustees were paid any remuneration or received any other benefits during the current or comparative period for their role as trustees. See note 20 for details of further related party transactions.

Travel and subsistence expenses were reimbursed to 2 (2024: None) trustees totalling £378 (2024: £nil). During the year trustees had their expenses, relating to board meetings, paid directly to third parties and this amounted to £1,766 (2024: £4,685).

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
39 34

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Employees (Continued)
Employment costs 2025 2024
£ £
Wages and salaries 1,476,519 1,361,972
Social security costs 160,106 141,357
Other pension costs 205,722 206,000
1,842,347 1,709,329

The number of employees whose annual remuneration was more than £60,000 is as follows:

2025 2024
Number Number
£60,000 - £70,000 1 2
£100,001 - £110,000 - 1
£110,001 - £120,000 1 -

10 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 286 16,037

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

12 Fixed asset investments

Cash in
portfolio
Cost or valuation
At 1 April 2024 216,037
Additions 160,000
Valuation changes 286
At 31 March 2025 376,323
Carrying amount
At 31 March 2025 376,323
At 31 March 2024 216,037
13 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 2,529 130,934
Prepayments and accrued income 11,111 33,794
13,640 164,728
14 Current asset investments
2025 2024
£ £
Deposit accounts 542,386 737,561
15 Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 37,189 35,910
Trade creditors 43,106 120,218
Other creditors 2,626 3,010
Accruals and deferred income 16 83,672 114,531
166,593 273,669

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

16 Deferred income
2025 2024
£ £
Other deferred income - 20,000
Deferred income is included in the financial statements as follows:
2025 2024
£ £
Deferred income is included within:
Current liabilities - 20,000
Movements in the year:
Deferred income at 1 April 2024 20,000 -
Released from previous periods (20,000) -
Resources deferred in the year - 20,000
Deferred income at 31 March 2025 - 20,000

Deferred income related to income received from British Olympics during the year ended 31 March 2024 for activities relating to the Olympic Games held during July - August 2024.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Retirement benefit schemes

Defined benefit schemes

The Local Government Pension Scheme (LGPS) is a funded defined benefit pension scheme, with the assets held in separate trustee-administered funds. The agreed contribution rates for future years are 25.4% for employers and between 5.50% and 12.50% for employees.

The most recent actuarial valuations of plan assets and the present value of the defined benefit obligation were carried out at 31 March 2022 by Hymans Robertson LLP, Fellow of the Institute of Actuaries. This has been used by the actuary in valuing the pensions liability at 31 March 2025. The present value of the defined benefit obligation, the related current service cost and past service cost were measured using the projected unit credit method.

Principal actuarial assumptions

Principal actuarial assumptions
2025 2024
% %
Discount rate 5.85 4.85
Expected rate of increase of pensions in payment 2.70 2.75
Expected rate of salary increases 3.5 3.55

The current mortality assumptions include sufficient allowance for future improvements in mortality rates. The assumed life expectations on retirement age 65 are:


assumed life expectations on retirement age 65 are:
2025 2024
Years Years
Retiring today
- Males 21.4 21.5
- Females 23.3 23.3
Retiring in 20 years
- Males 22.5 22.6
- Females 25.2 25.2
Amounts recognised in the Statement of Financial Activities
2025 2024
£ £
Current service cost 203,000 206,000
Net interest on defined benefit liability/(asset) (127,000) (90,000)
Total costs 76,000 116,000

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Retirement benefit schemes (Continued) (Continued)
Amounts taken to Other Recognised Gains and Losses
2025 2024
£ £
Actual return on scheme assets (296,000) (499,000)
Less: calculated interest element 367,000 318,000
Return on scheme assets excluding interest income 71,000 (181,000)
Actuarial changes related to obligations (1,431,000) (323,000)
Effect of changes in the amount of surplus that is restricted 1,663,000 713,000
Total costs 303,000 209,000
Amounts recognised in the Balance Sheet
2025 2024
£ £
Present value of defined benefit obligations 3,871,000 4,834,000
Fair value of plan assets (8,082,000)
(7,382,000)
Surplus in scheme (4,211,000)
(2,548,000)
Restriction on scheme assets 4,211,000 2,548,000
Total liability recognised - -
2025
£
Liabilities at 1 April 2024 4,834,000
Current service cost 203,000
Benefits paid (77,000)
Contributions from scheme members 102,000
Actuarial gains and losses (1,431,000)
Interest cost 240,000
At 31 March 2025 3,871,000

The defined benefit obligations arise from plans which are wholly or partly funded.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

17 Retirement benefit schemes

(Continued)

2025
£
Fair value of assets at 1 April 2024 7,382,000
Restriction of assets at 1 April 2024 (2,548,000)
Interest income 367,000
Return on plan assets (excluding amounts included in net interest) (71,000)
Benefits paid (77,000)
Contributions by the employer 379,000
Contributions by scheme members 102,000
Further restriction of assets (1,663,000)
At 31 March 2025 3,871,000

The fair value of plan assets recognised at the reporting period end was comprised as follows:

2025 2024
£ £
Equity instruments 2,516,150 3,335,460
Debt instruments 658,070 725,100
Property 348,390 386,720
Cash 348,390 386,720
3,871,000 4,834,000

At 31 March 2025 the fund was in surplus. However, the criteria for the recognition of the surplus as an asset as described in note 1.11 was not met. The scheme's asset has therefore been restricted so as not to recognise a surplus.

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April
Incoming
Resources		 Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Commonwealth Games 65 - - - 65
GM Active Ageing 14,398 - (10,739) - 3,659
GM School Games 3 - - - 3
GMHSCP - MSK 140 - - - 140
LDP Capacity 28,546 - (9,324) - 19,222
LP Core & Evaluation 64,433 556,873 (491,990) - 129,316
SE Workforce 836 - (811) - 25
Volunteer Development 283 - (15) - 268
SE Delivery Partner Award 5,046 126,725 (117,231) - 14,540
Football and Community Multi-
Sport 14,176 80,397 (70,460) - 24,113
Health & Care Integration 86,834 668,000 (653,394) - 101,440
Moment to Pivot 24,999 - (24,999) - -
Opening Schools Facilities 30,123 52,044 (82,167) - -
Places and Spaces 2,320 - - - 2,320
SE Systematic and Governing
Award 76,492 1,087,180 (1,096,102) - 67,570
APNO-Multi Sports Facilities - 15,471 (15,471) - -
GM Moving (GMCA) - 25,000 (25,000) - -
Welfare Officer 45,829 109,200 (96,387) 58,642
Moving Communities - 26,400 (26,400) -
Path to Paris - 20,000 (19,191) 809
Manchester Coaching Festival 25,000 (25,000) -
394,523 2,792,290 (2,764,681) - 422,132

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds (Continued)
Previous year: At 1 April
Incoming
Resources		 Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Commonwealth Games 65 - - - 65
CYP Core 288,917 - (28,635) (260,282) -
GM Active Ageing 17,128 - (2,730) - 14,398
GM School Games 3 - - - 3
GMHSCP - MSK 140 - - - 140
LDP Capacity 39,314 - (10,768) - 28,546
LP Core & Evaluation 62,555 549,954 (548,076) - 64,433
Primary School Sport 2,503 (2,344) (159) - -
Satellite Club 56,279 - - (56,279) -
SE Workforce 4,487 - (3,651) - 836
Tackling Inequalities 7,075 (9,116) 2,041 - -
Volunteer Development 490 - (207) - 283
Closing the Gap Conference 18,047 - (18,047) - -
SE Delivery Partner Award 19,025 88,675 (102,654) - 5,046
Football and Community Multi-
Sport 11,200 76,500 (73,524) - 14,176
Health & Care Integration 65,475 668,339 (646,980) - 86,834
Moment to Pivot 90,000 9,999 (75,000) - 24,999
Opening Schools Facility 14,544 52,044 (36,465) - 30,123
Places and Spaces 2,320 - - - 2,320
SE Systematic and Governing
Award 46,907 1,047,296 (1,017,711) - 76,492
APNO-Multi Sports Facilities - 33,349 (33,349) - -
GM Moving (GMCA) - 25,000 (25,000) - -
SAFER STREETS - 135,735 (135,828) 93 -
Together Fund 36,238 (25,338) (10,900) - -
Welfare Officer - 54,600 (8,771) - 45,829
Education Investment CYP - - (56,052) 56,052 -
Positive Social Outcomes - - (126,991) 126,991 -
Youth Voice CYP - - (133,518) 133,518 -
782,712 2,704,693 (3,092,975) 93 394,523

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

The nature and purpose of each restricted funds is as follows:

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

19 Analysis of net assets between funds

Unrestricted
Restricted
**Total **		 Unrestricted
Restricted
Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Fund balances at 31
March 2025 are
represented by:
Investments 376,323 - 376,323 216,037 - 216,037
Current assets/(liabilities) 649,785 422,132 1,071,917 754,202 394,523 1,148,725
1,026,108 422,132 1,448,240 970,239 394,523 1,364,762

20 Related party transactions

There were no disclosable related party transactions during the current or comparative period, other than those included within management committee note 8.

Remuneration of key management personnel

The remuneration of key management personnel is as follows:

2025 2024
£ £
Aggregate compensation 494,932 557,044
21 Analysis of changes in net debt
The charity had no material debt during the year.
22 Cash generated from operations 2025 2024
£ £
Surplus/(deficit) for the year 83,478 (348,790)
Adjustments for:
Investment income recognised in statement of financial activities (31,011) (23,974)
Fair value gains and losses on investments (286) (16,037)
Movements in working capital:
Decrease in debtors 151,088 1,131,451
(Decrease) in creditors (87,076) (323,470)
(Decrease)/increase in deferred income (20,000) 20,000
Cash generated from operations 96,193 439,180

GREATER MANCHESTER SPORTS PARTNERSHIP OPERATING AS "GREATER MANCHESTER MOVING" NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Funds Held as Custodian

Up to the 31 March 2025 the charity has acted as custodian for the funds of GM Moving in Action. The balance is not included in the assets of Greater Manchester Sports Partnership and has been held in separate bank accounts and accounted for under a separate accounting system to ensure the funds are easily identified. Transactions were approved by the following job roles:

Chief Executive Greater Manchester Moving / Executive Lead GM Moving in Action, Local Pilot Strategic Lead and Local Pilot Programme Manager.

The objective of the GM Moving in Action project is to "positively change the lives of people across Greater Manchester through physical activity and sport. Building from our strengths and through systemwide collaboration reaching a target of 75% of people active or fairly active by 2025". This is consistent with the objects of Greater Manchester Sports Partnership.

Up to 31 March 2025 the trustees of Greater Manchester Moving have not necessarily made the decisions on how the money is spent; this has been done by the GM Moving in Action Executive which is made up from representatives from the following organisations:

Greater Manchester Combined Authority Greater Manchester Health and Social Care Partnership 10 GM Transport for Greater Manchester Tameside Council Sport England GM Active Oldham Council

A new Place Partnerships Investment has been awarded to Greater Manchester Sports Partnership for the period 2025 – 2027 and as part of a review of the project there has been a change in the Governance of the funds from 1 April 2025. The GM Moving in Action Executive will continue to be closely involved in the project but have agreed that the Greater Manchester Moving Board should now take over responsibility for the governance to better reflect the day-to-day management of the funds by the Charity.

This fundamental change in the governance will require a change in accounting treatment and from 1 April these funds will be reported within the funds and assets of the Charity.

Cash at bank of £1,339,339 (2024: £921,062). The income and expenditure for GM Moving in Action is shown on a cash basis below. It does not form part of the statutory accounts and is periodically subject to a separate grant audit.


grant audit.
2025 2024
£ £
Total income 2,674,063 1,734,844
Expenditure
Active communities 1,964,214 1,582,529
Bank charges 112 84
Engagement - 90,000
Evaluation 56,832 -
Marketing & communications 67,770 67,500
Workforce transformation 218,503 126,641
Workshops 17,904 -
Total expenditure 2,325,335 1,866,754
Surplus / (deficit) 348,728 (131,910)