Charlty gl$tratIon number 1070957 Company reglstratlon number 03574841 (England and Walesl SPORTS AID EASTERN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
SPORTS AID EASTERN LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 Mr M Ormerod Mrs Perry Mr P S Elmer MrA Bradley Mr S J Robinson r J J Sinolair Sr•Iry Mrs S P8ck Charity number 1070957 Company numbgr 03574841 Roglst•r8d offlcè Collego Farm Slonely Sl. Neol¥ Cambrldgeshlr8 Unlled Klnydom PE195EG Indendant •xamln•r Mark Jackson FCADChA Azets W8slpelnl Lynch Wood Pelerborough Cambrfdgoshire United Kingdom PE2 8FZ Bankern Lloyds TSB 34 High street Bedlord Bedlordshire Unlled Kingdom MK40 1SB
SPORTS AID EASTERN CONTENTS Pag• Trustees, r8port Indepondenl axaminèr's report Statement of ffingncial acllv5118s Balance Sho91 10 Notes lo the flnanclal slalemgnts 11- 18
SPORTS AID EASTERN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY2023 The trustees pSent their report and accounts for the year ended 31 July 2023. The finan¢l81 statemen18 have been prepared In accordan¢& with the a¢counllng policies sel out in note 1 to thg financial slalern&nts and comply with the charilfs governing document, the Companles Aal 2006 and A¢¢ounting and Reportlng by Charities., Slalemenl of Recommended Practice applioable to charllies pr¢paring their accounts in accordance with the Flnanclal Reportlng Slandard applicable in the UK and Republic of Ireland (FRS 1021 las amended for accounllng PeTlods ¢ommencing from 1 January 20161. object1v and actlvitlès A8 a reglslered charity, Sports Aid Ea$lem, has a widg-ranging trust deed whlch allows11 lo perform a number ol dSfferenl ch8ritable functlons. These are primarity wilhln the fields of education, dlsabilily and 30¢181 w8lfare. The main objecllves are.. To further the edu¢alion of young people through the m&dlum ol sport. To encourage those with social 8nd physical disadv8ntages lo improv¢ their livé8 through spgrt. To onable those livin9 in poverty lo lake advantage of Ihg opportuniti6$ offèrgd by sport. The pollci$s adopted in furtherance of Ihè8e oble¢t$ are found In note 1 te the accounts and there ha8 bean no ¢hange in these during the year. The trustees have paSd due regard to guIdan1$sU8d by Ihg Charlty Commls8Son In dedding what acllvllies ihe charity should undertakg. Flnanclal rtvlew The year ended 31 July 2023 and spannlng a 12 month period wa8 the Iwgnly third accounllng year of the operallon slnce the charlty was re.formed In Ihg laller part of1999. The ¢harlly wos able lo make SO 12022 - 281 awards lotalling £54,500 12022 - £34,000) whlch equates lo an average of £1,090 p8r award 12022 . £1,214). Thg number of dls8bled alhlele8 SUPPOrted was 13 repre8enllng 264A12022- 29%) oflho lolal awards made. In 8ddillon 1¢ these grants a further 69 12022 - 521 awards lolalling £77,300 12Q22 - £49,2SOI, an gv¢rage of £1,120 per award12022 - £9471, wère mad8 to alhleles In Sports Ald Eastern bul paid nationally by the Sport8 Ald Trust and from national sponsors, making an aggrega19 award level durlng the year of £131,800 12022 £83,250) In the region. All quallfylng alhlele8, norninaled by Ihelr sport'¥ National Governlng Body, in the region w&re granted awards from ellher regional QT national funds. Admln181rallve exp8nsè8 war8 £24,67812022- £18,98118qulvalenl lo £2.057 per monlh12022- £1,582). The Fund balanc85 8131 July 2023 were £99,218 12022 - £113,501) which Shows a dg¢rease of t14,283 C*Vgr the year. This balance Sncltjdes unreslricled funds 01 £31.19512022- £47.824) part of whS¢h will be retalned as a re8erve in line with the adopted pollcy with th• rèmainder availablo for dlstribution as awards. No staff were employed by Ihe Ch8rily during the year. The charity's Règlonal Coordinator {Sally Peck OBEI and Règional Director (Jane Horridgel provldad service8 gn 8 part tirne consultancy basls and weTe remunèrat8d partly through tho charity's unrestricted funds, along with 8 ¢ontribution of £14,40012022 £14,40QII from Sports Ald nationally. The trustees would like to rewrd their sincere thanks to Sally Peck lor her continued ¢ommilm8nl and dedication to Sports Aid Eastern and lo Jane Horrldge for her work securing new sponsorship slnce jolning in 2022.
SPORTS AID EASTERN TRUSTEES, REPORT ICONTINUED)IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY 2023 Aehl8vem•nts and actlvltl•s r•port The vulnerability of our charitable tsperation wa5 laid bare during the pandemic. Our charitable income, and mor8 mportantly our charitable giving. was profoundly impacted by resliiclions to hospitality through the pandemic. This partial closure did afford Iru$lèés' time to review our op&rall¢)n, communication, and charitable giving. Elements of which were all refined. in line with our Strategic Framework. All arèas now have better consislenoy wllh branding and corporate image. The messaging at events is more consislenl wrth greater emphasis on the purpose of the charity, and the athletes we are striving to support. Along with launching our first website in 2021, we are now able lo offèr our recipients and sponsors greater shared-exposure and Gonneclivily lo Sports Aid EasleTn. Our website www.s ortsaid$a lern or .uk has considèrable reach, highlighting the impact ol our charity, promollng forthcoming even15. showcasing tha athletes we support, tho sponsors who support us, and Importantly a mechanism to make donations directly. In 2018 Ihe Iruslees agrèed lo 8 23-point slraleglc fram8work 12018-20211 which has begun lo Implgmgnt enhancements in Ihg areas of.. il Govemance and Irusle& d8vglopmenl ill Athlete engagement iii) Sponsor relalion5hip8 lvl Funding raising vl Marketing and Communication. Thè slrategic framework wlll be refreshed over the next 12 months. Throuyhoul 2022-2023 we have sllll managed lo support a numbèr of alhleles who, without our Involvement m8y have struggled lo oontinue, let alone compel& in their chosen 5porl as they ascend through tho ranks.
SPORTS AID EASTERN TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY 2023 Athlete Skye Fisher-Eames Ida Corcoran AbiJal Wken Ethan Hosken Ashleigh Rose Tumer M urray Watters Monty Swders Josepline Groves Meoan Loruiian Joe PLrbrick Ben Mead Alex M elby Thomas Keen Daniel BLdlen Thonias Bi'idoèr Courtcney Clai'kÉ Joe Roper Will Gilbank Khafisa Mlilanaa Max Jorae Thomas Spreckley Maxwell Sewdl Raissa VKkwy Annabd Rayner Maya SLtton G eoroina Bullen Rebecca Scott Harry Arnold-Pepper Hollie Sniart Nicole Wood Estelle van Leen Ayesha J ones Isabelle Kaye Ellie Vassels Iniogen Dodds Georgie Forde WeDs J3mesHazel Joshua Lay Harvey Freeman Am elle Brooks S3v&niiah Wootton Jake Ro.nSon NIka Jerof lack Green 8rLice Dee Joe Thomas Isaac Kingham Tyler Weawer Kara Bassill Dylan Murra Amount El,000.00 El,000.00 r 1,000.00 r 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 E 1,000.00 £ i,ooo,00 £ 1,000.00 £1,000.00 £1,000.00 £1,000.00 £i,000.oo £1,000.00 1500.00 £500.00 £1,000.00 £1,000.00 £1,000.00 £1,000.00 £1,000.00 £1,000.00 £1,000.00 £1,000.00 £1,000.00 £i,000,00 £i,000,00 £1,000.00 Éi,000,00 El,000.00 £1,000.00 £1,500.00 £1,500.00 EI,500.00 &1,500.00 £1,500.00 £1,500.OD £1,000.00 £1,000.00 £1,500.00 C 1,500.00 ri,000.00 £1,000.00 £2,000.00 £500.00 £1,000.00 ri,000.00 £1,000.00 o 1,000.00 Sport Diving Para Swimniing Pata slMn11nO Badniiiton Para Ewestrian Tenrxs Count Bed5 Beds Beds Bwks BLkS Bucks Bucks Bucks Bucks Canibs Canibs Cani bs Cani bs Cani bs Cani bs Cani bs Netball Softball AthletS Rowino Athl&Ks AthLetS Para Table Tennis Athlet8 Wonien's Football GoJball Cyclno Atet$ Snowboarding Hockey Syncronised SwimmiThJ Shoots'ng Rowi FÈncing Goalball Para AtkJ&e Para Swimmir Temis Judo Badni inton AtletS Netbal Gymnastics Para Swimming Athletts Wlieekhaii. Basketball Atet$ Swininiing Tennis Gyninastics Wheekhaii. Basketball Wrestling Para Triathlon Para Swin)niino Baskbal Tabk Tenrris Go askotbal Temis Essex Herts Herts Herts Herts Herts Herts Herts Herts Herts Herts Hwts MK MK MK Northants Northants Noithants Notharts Noifjiants Nothaits Nomhants Noithais Nothaits Nothants Noithants Nothants Nothants Suffolk SLffolk SLrfolk SufFolk SLfjfolk
SPORTS AID EASTERN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY2023 Sponsors Work conllnues lo increase the number of 8ponsors acmss the region with the addition of the following as new sponsors for 2022-2023.. TC Group Milton Keynes & Northampton Klt*by Diamond Milton Keynes & Sl Albans MK Gateway Mlllon Keynes Cranfield Universlly Mi5ton Keynes Patent Boutlqug- Dorney MM Wealth Cambrldge Integrity 365 Carnbrldga andelsbanken Ely & Ipswich Waller Tiansport Ipswlch Fgnn Wright Ipswich Despit& the Challenge8 noltrd gbove. our work conllnugs with the gengroslly of Some long-term 8UPPOrtar8, whom th8 Iruslees a$ extremely grateful for their continued support 8u¢h a$ tho Ph1111ps Trust. Our Slncgrg thanks go lo 8P Collins LLP who operate the lunch club running In South Bucks; and long.stsnding 8UPPOrters Royner Essex LLP who ¢oordinale thè Sl. Albans lunch club. We aro also dgllghled that Mlllon Keynes Bu8ines8 Lead8rs Partnership ¢onlinuè lo organlse our evonts Milton K&yng5. Support fundlng The trustees are partlcularly grateful for th& £14,400 of fundlng rg¢elved from thg SportsAld Trust whlch provld•s an Snvaluable ¢onlrlbullon towards the 8dmlnlslralion of Ihe reglon. Th• tèam The Iruslaes continu& lo welcome the valuabltr support that has begn recelved from the Sport$Ald natlonal team and during the year. The Interactlon wllh the nallonal team conllnuos on * very po$ilive ba$Ss ond a varfely of Inlll81ives have been discussed at fomal Iruslee meelSngs, along wllh more Informal regular conversallons whlch has 9reatly 3&slstad rtlallonships, r818ed the proflle ol SportsAld g[onallY, and provided a condult for Infomiallon and ideas to bg gxchanged. Thè yèar ahead A key ta8k for the perlod July 2023-24 will be sucoesslon plannbng, as the Chair of Truste95, Mark Ormerod completes hls rnaxlrnum temi of office, and the search for a Successor along wllh additional Iruslees w111 bo needed to secure Ihg conllnuance of the charity, and slr8nglhening our resllience against the Challenges noted above. Our Regional Coordlnator, Sally Feck wlll also conclude her work for SportsAld Eastern at the end of 2023, and th& Truste#8 offér heartfelt thanks for two decades of service lo the Gharily. Creating our websllg h85 eertalnly ossisled our pursuit of 8 règlonally reGognlsed brand as we sought beller consistency a¢TOSS lunch clubs. Clearer and obvlous as8ocl8llon with the strong brand ol SportsAid, our 8lumnl, and new SportsAid progeny ¢onnec18d through on-lin¢ and 50¢181 m&dla channols, together wSlh opportunS1iès lo easlly donate on-line will fomi the next major phasfr ol the chailly's evolutlon, and Iruslee$ are worklng on a marketing and communication strategy. Whilst wè have enjoyed a successful year, Ih8r8 are two pefslstent issues affecting our operatlng rnodel of fundraising through lunch Clubs., il the rising costs of providing hospitality, and 511 the ¢081 of living crisis, and tho impact this ha$ in terms Df our fundraising, along wllh the effectivenes8 of the award8 wè are making lo alhlele8 and the help it can genuinely provide. Our strategy rèmalns lo do everylhlng w8 can lo support and improve our exlstlng structure of lunch dubs and Found8tions whils11goking for new partners and particularly for any n8W SUPPOrt funding that can cover our ongoing adminislrallve and operational cost$. All with the ovgrrlding oblÉctlva to make as many awaids as possible and lo maintain the average level of awBrd of £1,000.
SPORTS AID EASTERN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY2023 Public benefit The Iruslees are fully awarty of the responsibility of the Charity to meet the obligations of Public Benefit under the requirements of section 4 of the Charities Act 2006. In the opinlon of the Iruslees the objectives ol the charlty, slated eadier in this this report glve a Clear Idenlificalion ol the benefits to the public from the work and funds distributed by Sports Aid Easlem. The trustees are a180 of thè opinion that the awards made follow a robust and publlshed 8valu8lion policy that ensures the correct and equitablè distribution of Gharilablg funds. Thes& are in no way unre880nably reslri¢ted. Grant making pollcy We work In direct conjun¢tlon wllh the nallonal grants committ$$. Thèr8 has been a grèat deal more Iransparen¢y with 811 the NGB'S over the basls of their selection procedure. Thi8 has proved invaluable at a local level when reviewing awa$. In the case of raslrlcted funds these dg¢l$lons are made in con8ullallon wllh our partn8rs. Ra•erv•8 policy The current pollcy 18 lo dislribulg awards in the flnanclal year that funds are raised or as soon 88 practical Iheroafter. Levels ol fundralslng are difficult lo pradlct frorn year lo year bul the Iruslees ¢onsider that rnainlalning re8ervo$ ¢qulvalent to 18 months prolècted adminlslrallve expenses Is an approprlJle level Bnd this indicator 1$ currently btrlno achigved. The pollGy will conllnue lo be reviewed on an annual ba8ls in the Ilghl ol current cércumslance$. Th8 Iru&lée6 have as8888$d tha major rlsks lo whlch th8 charlly 1$ expo$od, and are sallsfled that ¥y31gms are In plgce lo mltlgale expo$urtr lo the m8lor rlsk$. Structure. governanc• *nd m4nagem•nt Sports Ald Ea81ern Is Incorporated as a company Ilmllod by guar8nlee ol Sts membars., Chrls Balllieu and TIM Lawler, governed by ils Memorandum and Articles ol A660cialion and 1$ als9 a reglslered charity {Charlty Règistrallon No. 10709571. Sports Ald Easlgrn Is operating under a Ilcence from The Sport$ Ald Trust (Charity Regislrallon NO. 11116121. The region 8har&g common objectlv65 wlth the nallonal charity bul 9re spe¢lffi¢ally focussed on particular areas of England. The members ot the charlty und&rtak& lo ¢onlribule an amount not exceedlng £10 to the charity's assets, should the oharlty be wound up. The Iruslees, who are also the diTeGtor$ for thè purpose of company law, and who served during the year and up lo the dale of si9nalure of the financial statements w8r8'. Mr M Ormerod Mr S PeTry Mr P S Elmer Mr A Bradley Mr S J Roblnson Mr J J Sinclalr
SPORTS AID EASTERN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY2023 The Iruslees are appolnled in ac¢ordanc8 wlth the Articles ofAssocAallon, paragraphs 29 10 36 inclusive. The charlvs induction pro¢ass for new truslges is as advlsed by Ihg Charity Commission and the Is no lormal training programme. Trustees will generally have a sporting background and advice on charity issues Is avallable lo them from the Charity Commisslon and froin exp&ri8nced ITuslee5 wllhin the SportsAid group of charities. None of the trustees has any bgnelicial inlefesl in the company and are requlrèd lo roveal any confli¢ts of Interest which they may be aware ol. None were labl8d during the year. The tru51ees' report was approvèd by the Board of TruslÈ&$. Mr M Omi•rod Trustèe Dated..
SPORTS AID EASTERN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPORTS AID EASTERN I report lo the trusle8s on my examinatlon of the Inanclal $latomonl$ of Sports Aid Eastern {Ihe eharltyl for the year anded 31 July 2023. Responsibilities and basls of r•port As the Iruslees of the charity land also ils directors for the purposes of company law) you are re5pon8ible for the preparation of the financial sl8ltrmenl8 in accordance wllh the reqU1meNts of tho Companies Act 2006 Ilho 2006 A¢ti. Having s8IIBfied myself that Ihg financial slalements of the charlly are not required lo be audi18d under Part 16 of the 2006 A¢1 and are eliglbltr for Sndependenl exominallon, I report in respect of my examinalitsn ol th8 chaiily'$ fin8n¢l81 slat8menls carried out under se¢llon 145 of the Charities Act 2011 Ilhè 2011 A¢tl. In carrying out my examinallon I have followed all the appllcable DSrect4on$ giv8n by th8 Charity Commlsslon under $¢¢lion 1451Sllbl of the 2011 Act. Independont •x4mlnerfs statsment I have completed my examination. l Conflrrn that no maller6 have come lo my 8ll¢nts'on In conn8ctSon wlth the gxgmln81ion givlng me ¢gu$è lo believe that in any material respect., artountlng records were not kept in respect of thè charity as requltsd by 8ecllon 386 of the 2006 Act,. or th¥ finanelal stal&menls do not accord wllh those records,. or the flnancial slaltrm¥nls do not comply wllh the accounllng rgqulr&menls of sectlon 396 01 the 2008 Act other thon any requiremont th81 the account$ give a ITue and falr vlew whlch 1$ not a maller eonsldered as part of an Independent 8xamlnallon', or the fln8nclal statements have not been pr9par&d In accordance wllh the method5 and prlnclples of the Slalemenl of Recommended Practlce lor ac¢ounllng and reportlng by charllle8 applicable lo chari118S praparlng Ihelr accounts In ac¢ord8nce wllh the Flnanclal Reportlng Slondard appllcabl• In the UK 8nd Republio ol Ireland IFRS 1021. I hav& no conc&rn$ and have come across no other maller8 In connecllcn wlth Ihg examlnatlon lo whlch allenlion should be drawn In Ihls r8POrt In order lo enable a proper understanding of the fjnancial slalemenls lo bg raach8d. Mark Jackson FCA DChA Azels We6lpolnl Lynch Wood Pelerborough Cambridgeshlre PE2 6FZ Unfted Klngdom Dated..
SPORTS AID EASTERN STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2023 Curr¢nt finan¢lal y•ar Unrestrlctsd Re$trl¢ted funds fund¥ 2023 2023 Total Total 2023 2022 Not•8 come from: Donatlons and legacle8 Other liading actlviliè8 Invostments 3,391 122,659 358 14.000 26,612 17,391 149,271 356 15,106 114,738 10 Total In¢om• 126,406 40,812 167.018 129,854 endlture on: Fundrai81ng.' costs of lunches and fundraising 108,W7 15,488 124,373 72,314 Grant$ and Ihelr admlnl8lralion eosls 33,928 23.000 58,928 54,596 Total r•8ourc•8 •xpgndod 142,835 38,486 181,301 126,912 N•t mov•m9nt In fund• {16,4291 2.146 114,2831 2,942 Fund balances a11 August 2022 47,624 6S,877 113,501 110,559 Fund balan¢•¥ at 31 July 2023 31,195 68,023 99,218 113,501 The 8lalernenl of financlal gGlivllles In¢lude5 all galns and losses r•cognl$ed In the year. All Incorn& and expondilur& derive from eontlnulng aotlvltl86. Th8 slalemenl of flnanclal activllie8 8180 complles wlth the r8qulr8menls for an Income and gxp$ndllure account under th9 Companles Act 2006.
SPORTS AID EASTERN STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2023 Prlor financial year Uhrè$trl¢t¢d Restrlctsd funds funds 2022 2022 Totsl 2022 Not¢$ Income from: Donatlons antj lega¢ie$ Other trading a¢llvili&s Inveslrnenls 356 112,676 10 14,7SO 2,062 15,106 114,738 10 Total Income 113,042 16,812 129.854 Ex &nditur8 on. Fundraising.. costs of lunches Ènd fundralslng Grants and Ih8lr admlnlstralSon costs 65,819 32.948 6.495 21,650 72,314 54,598 Total r•$ourco8 •xp•nded 98.787 28,145 126,912 N•t1gxpendEturtsilln¢om• for th• yearl N•t movement In funds 14,275 111,3331 Fund bal8n¢e8 al 1 Augusl 2021 33,349 77,210 110,559 Fund balan¢o¥ at 31 July 2022 47.624 85,877 113.501 The slalement of Iln•nclal acllvllios Includ85 all galns and lo$$ès r8¢ognlsod In tha yaar. All income and expendllure derfve from conlinulng a¢lSvilie8. The sialemenl ol fflnancial a¢llvllles also complles wllh Ihg requirements for an Income and expendllure awount under the Companleg Act 2006.
SPORTS AID EASTERN BALANCE SHEET AS AT31 JULY2023 2023 2022 Notes Current assets Debltsrs Cash al bank and In hand 11 78 100,88S 28 115,093 100,967 115,121 Cr•dlttsrs'. amounts falling duo withift on• yèar 12 11,749) (1,820) N61 current assets 99,218 113,501 Income funds Re51ricled funds Unrestrictèd funds 13 68,023 31,195 66,877 47.624 99,218 113,501 The company18 enlllsed lo the exempllon from the audll requlrernenl contalned In Secllon 477 01 the Compgnlg¥ Act 2006, for the year end8d 31 July 2023. The dlreclor6 acknuwlodgg Ihèlr T8sponslbSlltS@s fer aomplylng with the requlrem&nl8 of tho Companle8 Act 2006 wlth respect to accounllng records and the preparatltsn of financlal slalemenls. Th8 mèmbèrs have not requlrgd th¢ ¢ompany lo oblaln an audll of 11$ finandal slal&mèn18 for the year In quesllon In oordance with 8e¢tlon 476. These financlal Slalemenls have b8en prep8rèd In accordance wllh Ihg provlslons applicable lo ¢ompanl&8 sublo¢1 to the small companles regimo, The financial Statements were approved by the Tru$lo0$ Qn .. ... Mr M Omierod Trust99 Company rtsyistratlon number 03574841 10-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Accountlny poll¢le8 Company Infom)atlon Sports Aid Easlem is a privat8 ¢ompany limited by guarantee Incorporated in England and Wales. Th& registered office is College Farm, Slonely. Sl. Neols, Cambridge5hlre, PE19 SEG, Unf(8d Klngdom. 1.1 Ac¢ountlng convention These aocounls h8vtt bèen prepared In accorLdance wllh Accounting and R&portlng by Charllles.. Slalemenl of Rfrcommended Practice applicable lo charities preparlng their accotjnts in accordan¢¥ wllh the Fbnanoial Report]ng Standard for Smaller Enlilles published on 16 July 2014, the Financial Roportlng Standard for Smaller Enlllies leffecllve January 20151 and the Companles Act 2006. The financlal slatem•nts are prepared in slerllng, whlch Ss the funetlonll currency of the Charity. Mon8lary omounls In Ihg8& Ilnan¢lal statements ar& rounded to the nearest £. 1.2 Golng concom Al the Ilme of approvbng tha Ilnanclal 8lalemen15. the Iruslees have a reasonabl& &xp8¢tallon that tha charlty ha8 adequate rèsources lo ¢onlSr)ue In operational exlslenca lor the fores&eabl¥ future. Thus the Iruslees conllnue to adopt the golng concèrn basis of a¢counllng In prèparing th8 fin8nclal slalemenls. 1.3 Charltablg fund8 Unrtrslricled funds aro avallobl& for use al the dlscrollon of the Iruslees in furtheranoe of thelr chari1gbl8 obleellvès. Dal•i18 of th8 natur& and purpo$& ol fjach of the re81rlcted lund$ 1$ 8&1 out In th8 notes lo the account8, Reslrlclad funds are sublecl lo speclfle condlllons by donor8 a$ lo how they may b8 us8d. Th& purposes and uses of the restricted funds are sel In the notes lo the a¢counl8. 1A Incomlng r••ourc•• Income is recognised when the charity 58 legally enlilled lo il aftgr any p&rformance condlllons havè b&8n m91, Ihg amounts can be measured rg1i&bly, and il is probabl8 that Incom6 will be r¢celv8d. Cash donallons are recognised on receipt. Other donallons are re¢ogni5ed on¢e the charity ha5 boon nollfled of the don8llon, unless performance conditions requlro defeiral of the amount. Incorne lax recov8rablÈ Sn rtrlalion lo donallons reaelved under Gift Aid or doeds of covenant is recognl$ed al the lime of the donallon. Legacies arg recognised on reIpt or olherwlsè It th8 charity ha$ bepn notified of an Impending dislribullon, the amounl Is known, and receipt Ss expected. 11 thè amount Is not known. thg19gacy Is Irealèd As onllngenl asset.
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2023 Aecountlng poll¢le8 Icontlnued) q.5 Résourees expended Expondllure is recognl$ed once there Is a legal or con8lru¢tlve obligation lo transfer economlc benefit lo third party, il Is probable that a transfer of economic benefts will be required in s8ttl&menl, and the amount of the obligation can be measured reliably. Expgndituro is classlfied by acllvlly. The costs of ?a¢h aclivlty are made up of the lotsl of dlr¢¢l costs and Sharèd cosls, including 5UPPOrt costs involved in undertaklng each a¢tlvlly. Direct C0818 allfibutable to a single aclivlly are allo¢aled directly lo that acllvily. Shared cos15 which wnlribule to more than ong acllvity an support C0518 whl¢h are not atlribulablè lo a single activity are apportioned between those actlvilles on a bas1$ conslslenl with the use of resources. Cenlfal staff cos15 are allocated on the basis of limg spent, and d&preciation charu6$ aro 811ocated on the portion of the asset's use. Resouroes expended are r8¢ognSsed in the pgriod In whlch they are Incurred and include 3llrfbulgble VAT which cannot be re¢overed. Award payments are deelded by an 8ward¥ ¢ornmltt8a and are a¢counl8d for on the dale that Ih8y arg paid. 1.6 Cash and Cash •qulvalonts Ca8h and cash èquivalents indude cash In hand and deposI1s held at oall wllh bank6. 1.7 Flnanclal In$trum•nt$ The ¢harlly has el8cted lo apply the provl$lonB of SBcllon 11 'Basl¢ Flnan¢l•l Instruments, and Socllon 12 'Olher FSnan¢l81 Instruments Issue8, of FRS 102 to all of116 financl81 In8lrumfjnt$, Financial Inslrum8n18 ar& rgcognlsed In the ch8rlty'$ balan¢e &h8et when Ihg ¢hgrlly b8comès party lo the conlra¢lLsal provislons gf tha Instrum8nt. CrltlGal a¢countlng g$tlmat•8 and Judyments In the appll¢allon of Ihg ¢h8rity's accounllng pollclo5. the Iruslees are requSred lo make ludgemenls, esllmales and assumptions ab¢ul th9 Carrying amount of a$sels and liabilill8$ that are not readlly apparent from other 8our¢e$. The es1imale¥ and assodaled assumption6 aro based on hi$lorf¢al experfencg and other factors that ar& ¢on$ldered lo be relevanl. Actual r&sults may differ from Ihaso 8sllmala3. The eslimales and underlying assumptions aré reviewed on an ongoing basis. Revlslons to accounllng eslimales are recognlsed Sn Ihe period in whlch the estimate Is rev186d whgre the revision affects only that period, or Sn the period of th¢ rgvision and future perlods where the revision aff¢¢l$ both current and future ptrrio¢J8, 12-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2023 Donations and legacies Unr¥¥td¢t&d Rtro¢tsd funds funds Totol Unreslrict¢d Rgslricted funds nds Total 2023 2023 2023 2022 2022 2022 Donations and 91ft8 3.391 14,000 17,391 356 14,750 15,106 DonaUons and g1ft8 Sponsored awards- Rotary Clubs The Phlllips Trust Alhlele Medl8 Group Alh$lel& award Other 2,000 12,000 2,000 12,000 1,750 12,000 1.000 1,750 12,000 1,000 1,000 2,391 1,000 2,391 356 3,391 14,000 17.391 356 14,750 15,108 Actlvltles for genfrratlng fund8 Vnr•8tr1¢1od Ro$lrl¢t•d funds lund8 Total 2023 Total 2022 Acllviliès for generating funds Fundraising.. c0518 01 lunches & fundraising 122.659 184.9071 26.612 149,271 115.4661 1100,3731 114,738 172,314) Net ACtlvStle$ for generatlng funds 37,752 11,146 48,898 42,424 Invojtmènt 2023 2022 Interest receivable 356 10 13-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2023 Grants and their administration C(ts 2023 2022 Grant fundlng of activities (see nolo 71 54,500 34.OQD Share of support cost8 (see note 8} Sharo of govemance costs (see nol8 8} 678 1.750 18,981 1,617 56.928 54.5S8 Analys1$ by fund Unreylricled funds Re8lrlcled fund8 33,928 23,000 32.948 21,650 56,928 54,598 Grants Y#bI# 2023 2022 Gran18 to indivldual¥ 54,500 34,000 54.500 34,000 The grants payable noted above rfrpresent 50 Indivldual grants12022'. 28 granl$l. Grants orronged by SportsAld Eastern but pald by SportsAld Trust head officè and not Included wllhln Ih9s8 accounts.. 2023 2022 Tolol valug of grants to Indlvldual$ 77.300 49,250 Tol81 number of gran16 10 indlviduals 52 14.
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2023 Support costs Support Govemance costs 2023 2022 Adminlstrgllvo expgnses 24,67B 24.S76 18,981 Reporting aOUntantS fee 1,750 1,750 1,617 24,678 1,760 26,426 20,598 Analysed b?een Fundralslng Gh8ritablè activilles 24.OOQ 878 24,000 2.428 1,750 20,598 24.878 1,750 26,428 20,598 Tru9ts•8 Nono of the Iruslees lor any per80ns connected wllh theml w¥r8 rolmbursgd oxp8nB8S or r8c91v9d remunerallon durlng the year. 10 Taxatlon Th& oharlly Is &x9mpl from lax on Income and gains fallSng wSlhln 8e¢llon 505 of the Tax85 Act 1988 or sgction 252 of tho Taxallon of Charg&able Galns Act 199210 the exlenl that thesè are applied lo Ils charflable obja¢l$. 11 Debtors 2023 2022 Amounts lalllng due wlthSn one year,. Prepaymgnls and a¢cw9d InMe 78 28 12 Cr•dltors: amounts falllng du• wlthin on• y•ar 2023 2022 Accru41$ and deferred Inoomo 1,749 1,620 15-
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SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2023 14 Analysis of net as$ets befvAèn funds Unrestrlcted Restrictèd fund$ funds 2023 2023 Total Unre¥tri¢ted R•8trS¢ted funds funds 2022 2022 Total 2023 2022 Fund bal8n¢o$ al 31 July 2Q23 ar represented by.. Current as5et8llllabllilles} 31,195 68,023 99.218 47,624 65,877 113,501 31,195 68,023 99,218 47,624 85,877 113.501 16 R•lat•d party transactlon¥ During the year. Sports Ald Trust head offic& p8ld 8xpèn8es dlrg¢lly on behalf of Sports Ald Eastern lolalllng £14,400 {2022- £14,400). 18-