Gharity registration number 1070957 Company registration number 03574841 (England and Wales) SPORTS AID EASTERN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
SPORTS AID EASTERN LEGAL AND ADMINISTRATIVE INFORMATION Trustees Miss M J Beck MrA Bradley Mr S Deans Mr P S Elmer Mr S Perry Mrs S PuTbTick Mr S J Robinson Mr J J Sinclair (Appointed 11 January 2024) (Appointed 11 January 2024) (Appointed 11 January 2024) Charity number 1070957 Company number 03574841 Registered office The Pinnade CIO Mefcer & Hole 170 Midsummer Boulevard Milton Keynes 8uckinghamshire England MK918P Independent examiner Mark Jackson FCA DChA Azets Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ Bankers Uoyds TSB 34 High street Bedford Bedfordshi United Kingdom MK40 1SB
SPORTS AID EASTERN CONTENTS Pago Trustees, report Independent examinerfs report Statement of financial activities Balan sheet Notes to the finanoal statements 10-18
SPORTS AID EASTERN TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY2024 The trustees present their report and accounts for the year ended 31 July 2024. The financial statements have been prepared in accordan Vth the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charits'es.. Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). ObjectiV88 and activities As a registered charity, Sports Aid Eastem. has a viide-ranging trust deed which allows it to perfomi a number of different charitable functions. These are pnmanly within the fields of educats'on. disability and soaal welfare. The main objects'ves are.. - To further the education of young people through the medium of sport. To encourage those with soual and physical disadvantages to improve their lives through sport. - To enable those living in povety to tske advantage of the opportunitie5 offered by sport. The policies adopted in fvrther3n of these obje¢(s are found in note 1 to the accounts and there has been no change in these during the year. The trustees have paid due gard to guidance issued by the Charity Commission in deciding what activitses the charity should undertake. Achlevemènts and rtOrnianCe 2024 has been a year of change for SportsAid Eastem Region. The departure of the Chairman and our long- standing administralor, Sally Peck left a considerable hiatus. The ExecLrtive Director and Chair used these first few months to consider the areas of operation, the synergies beeen lunch dubs and bnng foNard modemised and effective working practices. The employment of Alba Consulting has allowed us to run morbthly management accounts using QuickBooks and to run each dub as its own profit and loss centre. This has enabled us to consider introducing consistencies in some areas and to dosely monitor the expenditure over fvndraising intsjme. The middle five months of 2024 were blighted by the transfer of the banking arrangement to the new management team which limited our ability to make grants. We were partioilady cautious in Gommitting funds When we had no sight of the bank balances. Once this was completed, we were able to restart our grant making and speaker bookings to support the lunches in the region. This was an extremely frustrating period and the support of our dinner organisers. and our Executive Director was exemplary. Sponsorship is an area we have given greater consideration and through our increased knowledge of the profitabilty of each lunch club we are embarking on 3 more focused approach to attracting and suppO.ng our sponsors in each of the settings. Our website w.sportsaideaStern.org.uk has over 5,000 active users wrth just short of 11,000 page views in 2024. Page traffic came from a variety of search engine5, but the majority were direct to the site using the organisation web address. The greatest number of views came from the Milton Keynes page Northampton and South Bucks also attracting strong traffic. This highlights the impact of the charity, promoting forthcoming events, showcasing the athletes we support, the sponsors who support us, and importantly a mechanism to make donations directly. Our donations area in the year ended July 31, 2024 received £383 direct donations. The strategic framework was refreshed in 2022 and wll re1ve a fvrther review in this finanoal year to ensure that tt is relevant and dynamic to achieve our vision for the region.
SPORTS AID EASTERN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Athlete Amelia Kemp Millie Hurrell Abi ail Roper Jude Gunner Stan Chevous Bartlett Charlie Harve Joe Fortnum-Adams Micke Kofi Asare Zar N Torte ArthurA res Josie Groves Archie Bromle Imo en Dodds Isabelle Ka Rose Webb Savannah Wootton I sabelle Cameron Brandon Ballard Jesse Chraniuk Raissa Wicke Olivia Howeson Phoebe Gill Amount S ort 1.000.00 Cricket 1.000.00 Rowin 1,000.00 G mnast 1,000.00 Para Swimmer 1,000.00 Athletics 1,000.00 Para Athletics 1,000.00 Ru 1.000.00 Para Table Tennis 1,000.00 Athletics 1,000.00 Basketball 1,000.00 Taekwondo 1,000.00 Ice Hocke 1,000.00 Cricket 2,000.00 Archery 2,000.00 Para S¥Mmmin 2,000.00 Netball 2.000.00 Para Swimmin 2,000.00 G mnastics 500.00 Swimmin 1,000.00 Para Athletics 1,000.00 Judo 1,000.00 Shootin 1,000.00 Skiin 1.000.00 Athletics Re ion Beds swich Ipswich swich swich Ipswich Ipswich Ipswich Mitton Ke Milton Ke Mifton Ke nes Mition Keynes Northampton Northampton Northampton Northampton Northampton Peterborou Petert)orough South Bucks St Alban5 StAlbans StAlbans nes es Sponsors We have Gontinued to work on developing new relationships to create greater sponsorship income for the charity and whilst there have been some changes, we are proud to demonstrate high retention rates amongst our supporters. We were pleased to confim both MHA (for their second year) and Brioche Pasquier as regional sponsors, underiting some of Ihe central costs. We also Ihank our many lunch dub sponsors as well as the many business. who give their support in non-monetary ways, without whom we would not be able to operate. Finally, despite the challenges noted above, our work continues with the generosrty of some long-temi supporters such as The Phillips Trust, whom the trustees as extremely grateful for their continued support. Our sincere thanks also go to BP Collins LLP who operate Ihe lunch dub running in South Bucks. eiiisons who operate the Ipswich lunch club and long-standing supporters Rayner Essex LLP who coordinate the St. Albans lunch club. FinanGial review The year ended 31 July 2024 and spanning a 12-month period was the Iwenty fifth accounting year of the operation since the charity was re-formed in the latter part of 1999. The chartty was able to make 24 (2023 - 50) awards totalling £28,500 (2023 - £54,500) which equates to an average of £1,188 per award {2023 - £1,090). The number of disabled athletes supported was 6 representing 25% {2023- 26'/0) of the total awards made. In addrtion to these grants a further 72 (2023 - 69) awards totalling £72,000 {2023- £77.3001. an average of £1,000 per award (2023 - £1,120), were made to athletes in Sports Aid Eastem but paid nationally by the Sports Aid Trust and from national sponsors, making an aggregate award level during the year of £100,500 (2023 - £131,800) in the region. All qualifying athletes, nominated by their sport's Natsonal Governing Body, in the region were granted awards from erther regional or national funds.
SPORTS AID EASTERN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Administrative expenses were £31,694 (2023 - £24,678) equivalent to £2,642 per month (2023 - £2,057). The Fund balances at 31 July 2024 were £113,126 (2023- £99,218) which shows an increase of £13,908 over the year. This balan indudes unrestricted funds of £58,615 {2023 £31,195) part of which will be retained as reserve in line with the adopted policy with the remainder available for distributs'on as awards. No staff were employed by the Charity during the year. The charity's Regional Director (Jane Horridgel and the Charity's Regional bookkeeper (Carole Bailey) provided Seice$ on a part time consultancy basis and were remunerated partly through the charity's unrestri(aed funds. The current poliw is to distribute awards in the financial year that funds are raised or as soon as prarticAI thereafter. Levels of fundraising are difficult to predict from year to year bul the trustees consider that maintaining reserves equivalent to 18 months projected administrative expenses Is an appropriate level and this indicator is currently being achieved. The policy will continue to be reviewed on an annual basis in the light of current circumstances. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. Support funding The trustees are particularly grateful for the £14.400 of funding received from the sportSd Trust which provides an invaluable Gontribution towards the administration ofthe region. The team Mark Ormerod resigned on January 11, 2024 and was replaced by Melanie Bed( as chair of trustees Thanks go to Mark for his years of service to Sports Aid Eastem. Additional trustees joining the team in January were Simon Deans and Sally Purbrick. The trustees continue to WelMe the valuable support that has been received from the SportsAid national team and during the year. The interaction with the national team continues on a very posits've basis and a variety of initiatives have been discussed at fonnal twstee meelings, along with more informal regular conversations which has greatly assisted relationships, raised the profile of Sport&4id regionally, and provided a conduit for infomiation and ideas to be exchanged. The trustees have assessed the major risks to which the charrty is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
SPORTS AID EASTERN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 The year ahead The focus for the finanrial year 2024125 wll be on establishing further foundations for grov/(h with the ambition of increasing our fundraising, by establishing of new events. 1. A date is to be agreed for a lunch dub in NoThwth. A local business has committed to establishing and organizing a dub in Norwich, and is currenuy working on getting a sponsor group together on our behatf. 2. We are also in discussions venues for an evening event in Milton Keynes Finally, we are looking to establish a neOrk of more sponsors across all the lunth dubs. Particular focus is the Peterborough lunch dub vthich has struggled to recover from the COVID period. In order to fvrther spread the word about our work, and encourage more businesses and individuals to support our fundraising efforts we are looking to invest in using some marketing spectalists to increase our social media reach. Their aim would be to increase lunth dub attendan and attract more sponsors, vthilst offering our existing sponsors greater ROI in return for their loyalty. An increase in marketing effort however will be dependent upon the continuation of HQ funding which has not yet been confirmed for the calendar year 2025. In addition, we have held posrtive sponsor meetings where they have agreed both an increase in their sponsorship rates as well as the pricing for seats at the lunches which will provide some additional income in 2025. Our strategy remains to do everything we can to support and improve our existing structure of lunch dubs and Foundations whilst looking for new partners and particularly for any new support fijnding that can cover our ongoing administrative and operational costs. We are working on produc4ng an updated strategic plan which will be completed by the end of this financial year and provide guiding principles for us moving forward. As ever, we are looking to achieve this with the overriding objective to make as many awards as possible. It is also our intention to increase the value of awards to reflect the increasing costs athletes are incurring as a result of the worsening economic conditions eXperiend recendy and predicted to continue. Public benefit The trustees are fully aware of the responsibilty of the Charity to meet the obligations of Public Benefit under the requirements of section 4 ofthe Charities Act 2006. In the opinion of the trustees the objectives of the charity, stated earfier in this report give a dear identification of the benefits to the public from the work and funds distributed by Sports Aid Eastem. The trustees are also of the opinion that the awards made follow a robusl and published evaluation policy that ensures the coffect and equitable distributs'on af tharitable funds. These are in no way unreasonably restricted. Grant making policy We work in direct conjunction with the national grants committee. There has been a great deal more transparency with all the NGB'S over the basis of their selection prOdure. This has proved invaluable at a local level when reviewng awards. In the case of restricted funds these decisions are made in eA)nsultation with our partners. Structure, governanGe and management Sports Aid Eastem is incorporated as a company limrted by guarantee of its members", Chris Baillieu and Tim Lawler, govemed by its Memorandum and Articles of Assoriats'on and is also a registered charity (Charity Registration No. 1070957). Sports Aid Eastem is operating under a licence from The Sports Aid Trust (Charity Registration No. 1111812). The region shares common objectives with the national charity but are Sperifically focussed on particular areas of England. The members of the charity undertake to contribute an amount not exceeding £10 lo the charity's assets, should the charity be wound up.
SPORTS AID EASTERN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 The trustees, who are also the directors for the purpose of company law, and who seNed during the year and up to the date of signature of the financial statements were.. Miss M J Beck (Appointed 11 January 2024) MrA Bradley Mr S Deans Mr P S Elmer MrSPery Mrs S Purbrick Mr S J Robinson Mr J J Sindair Mr M Omerod (Appointed 11 January 20241 (Appointed 11 January 20241 (Resigned 11 January 2024) The trustees are appointed in accordance the AdeS ofAssociaty'on. paragraphs 29 to 36 indusive. The charity's induction process for new trustees is as advised by the Charity Commission and there is no formal training programme. Trustees will generally have a sporttng background and advice on charity issues is available to them from the Charity Commission and from experienced trustees within the SPortsd group of charities. None of the trustees has any beneficial inlerest in the company and are required to reveal any conflicts of interest which they may be aware of. None were tabled during the year. The trustees are fully aware 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 opinion of the trustees the objectives of the charity. stated earfier in this this report give a dear identification of the benefits to Ihe public from the work and funds distribLrted by Sports Aid Eastem. The trustees are also of the opinion that the awards made follow a robust and published evalualion policy that ensures the correct and equitable distribution of charitsble fvnds. These are in no way unreasonably restricted. The trustees are parts.lady gratefvl for the £14,400 of fijnding received from Sports Aid Head Office which provides an invaluable conlribution towards the administration of the region. The trustees, report was approved by the Board of Trustees. Miss M J Beck Trustee Date.. 06~03_ 2oZS
SPORTS AID EASTERN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPORTS AID EASTERN I report to the trusteey on my examination of the financial statements of Sports Aid Eastem (the charity) for the year ended 31 July 2024. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the finanaal statement5 of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of Ihe charity's financial statements carTied out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)(bl ofthe 2011 Act. Independent examiner's statement I have completed my examination. I confimi that no mattets have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the tharity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view %lch is not a matter considered as part of an independent examination., or the finanoal statements have not been prepared in accordan with the methods and prinaples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charlties preparing their accounts in accordance Vth the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin9 of the financial statements to be reathed. Azets Westpoint Lynch Wood Pelerborough Cambridgeshire PE2 6FZ United Kingdom Dated..
SPORTS AID EASTERN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2024 Current financial year Unrestricted Restricted funds funds 2024 2024 Totsl Total 2024 2023 Notes ncom Donations and legacies Other trading activities Investments 702 138.943 1,007 12,289 5,465 12,991 144,408 1,007 17,391 149,271 356 Total income 140,652 17,754 158,406 167.018 enditure on: Fundraising.. Costs of lunthe$ and fvndraising 95.852 10,497 106.349 124.373 Grants and their administration costs 17,380 20,769 38,149 56,928 Total expendlture 113,232 31,266 144,498 181.301 Net incomellexpenditurol for the yoarl Net movement in funds 27,420 (13,512) 13,908 (14,283) Fund balances at 1 August 2023 31,195 68,023 99,218 113,501 Fund balances at 31 July 2024 58,615 54,511 113,126 99,218 The statement of financial aGtiMties indudes all gains and losses recognised in the year. l income and expenditure derive from conb'nuing ath"vities. The slalement of financial activities also complies Vth the requirements for an income and expenditure account under the Companies Ad 2006.
SPORTS AID EASTERN STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2024 Prior financial year Unrestricted Restricted funds funds 2023 2023 Total 2023 Notos ncome fr Donations and legacies Other trading activities Investments 3,391 122,659 356 14.000 26,612 17,391 149,271 356 Totsl income 126,406 40.612 167,018 enditure on: Fundraising." costs of lunches and fundraising 108,907 15,466 124,373 Grants and their administration costs 33,928 23,000 56,928 Total expendlture 142,835 38,466 181,301 Net incomellexpenditurel for the yearl Net movement in funds (16,429) 2,146 (14,283} Fund balances at 1 August 2022 47.624 65,877 113,501 Fund balanc88 at 31 July 2023 31,195 68.023 99,218
SPORTS AID EASTERN BALANCE SHEET ASAT31 JULY2024 2024 2023 Notss Current assets Debtors Cash at bank and in hand 11 21.002 129.940 78 100,889 150,942 100,967 Creditors: amounts falling due within one year 12 137.816) (1,749) Net current assets 113,126 99.218 Income funds Restricted funds Unrestricted funds 14 54,511 58,615 68,023 31,195 113.126 99.218 The COTnpany is entitled to the exernption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024. The directors acknowledge their responsibilities for complying wrth the requirements of the Companies Act 2006 with respect to accounts.ng records and the preparation of financial statements. The members have not required the company to obtain an audit of its finanaal statements for the year in question in accordance with section 476. These financial statemerrt3 have been prepared in accordance yth the provisions applicable lo companies subject to the small companies regime. The finanaal statements were approved by the Trustees on ......................... Miss M J Beck Trustee Company registration number 03574841
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accountlng policies Company infonnatlon Sports Aid Eastem 1$ a private company limited by guarantee incorporated in England and Wales. The registered Offi is The Pinnade, CIO Mercer & Hole, 170 Midsummer Boulevard. Milton Keynes, MK9 1BP, England. 1.1 Accounting convention These acGount5 have been prepared in accordan wrth Axounting and Reporting by Charit'ies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Finanaal Reporting Standard for Smaller Entits'es (effective January 2015) and the Companies Act 2006. The financial statements are prepared in sterling. whith 15 the functional currency of the charity. Monetary amounts in these finanaal statements a rounded to the nearest £. 1.2 Golng concern At the time of approving the finanoal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational exislence for the foreseeable future. Thus the trustees ontinue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Detai15 of the nature and purpose of eath of the restricted funds is set out in the note5 to the accounts. Restricted funds are subject to speafic conditions by donors as to how they May be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incoming resources 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. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donalion. unless performance conditions require deferral of the amount_ Income tax recoverable in relation to donations received under Gift or deeds of covenant is recognised at the ts'me of the donation. Legacies are recognised on receipt or othenwise if the chanty has been notified of an impènding distribution, the amount is known, and receipt is expected. If Ihe amount is not known, the legacy is treated as contingent asset. 10-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Accounting policies (Continued) 1.5 Resources expended Expenditure is recogni5ed once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 dassified by activity. The costs of each activity are made up of the total of direct costs and shared costs, induding support costs involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support cost5 which are not attributable to a single activity are apportioned between those activities on a basis consistent wilh the use of resources. Central staff costs are allocated on the basis of time spenl. and depreciation charges are allocated on the portion of the asset's use. Resour$ expended are recognised in the period in vthich they are Incrred and include attributable VAT which cannot be recovered. Award payments are deuded by an awards committee and are accounted for when the offer is conveyed to the reopient. 1.6 Cash and cash èquivalents Cash and cash equivalents indude cash in hand and deposits held at call with banks. 1.7 Financial instrumonts The charity has elected to apply the provisions of Section 11 '8asic Finanaal Instnjments. and Sects'on 12 'Other Financial Instruments Issues, of FRS 102 to all of Fts finanaal instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Crltlcal accounllng estimates and judgements In the application of the chanty's accounting poliaes, the trustees are required to make judgements, ests'mates and assumptions about the carying amount of assets and liabilrties that are not readily apparent from other sources. The eslimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resutis may differ from these estimates. The estimates and undedying assumptions are rebllewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in vthich the ests'mate is revised where the revision affects only that period, or in the period of the revision and future periods Whe the reNllsion affects both current and fijture periods. 11
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Donations and legacies Unrestrlcted Restricted funds funds Total Unrestricted Restricted funds nds Total 2024 2024 2024 2023 2023 2023 Donations and gifts 702 12,289 12,991 3,391 14.000 17,391 Donations and gifts Milton Keynes Business Leaders Partnership Sponsored awards - Rotary Clubs The Phillips Trust Athelete award Other 2.000 2.000 2,000 12,000 2.000 12,000 1,000 2,391 10,000 10.000 1,000 2.391 702 289 991 702 12.289 12,991 3,391 14,000 17,391 Actlvities for generating funds Unrestricted Restricted funds funds Total 2024 Totsl 2023 Acts'vities for generating funds Fundraising.. costs of lunches & fundraising 138,943 (71.852) 5,465 (10.497) 144,408 (82,349) 149,271 (100,373) Net activities for generdting funds 67,091 (5,032) 62,059 48,898 Investments 2024 2023 Interest receivable 1,007 356 12-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Grants and their administration costs 2024 2023 Grant fvnding of activities (see note 7) 28,500 54,500 Share of support costs (see note 8) Share of govemance cn5ts (see note 8) 7,694 1,955 678 1,750 38.149 56,928 Analysis by fund Unrestricted funds Restricted funds 17,380 20,769 33,928 23,000 38,149 56.928 Grants payable 2024 2023 Grants to individuals 28,500 54.500 28,500 54.500 The grants payable noted above represent 24 indiwdual grants (2023.- 50 grants). Grants arranged by SportsAid Eastem but paid by SportsAid Trust head office and not induded within these accounts.. 2024 2023 Totsl value of grants to individuals 72,000 77.300 Total number of grants to individuals 72 69 13-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Support costs Support Govemance costs costs 2024 2023 Administrative expenses 31.694 31,694 24,678 Reporting accountants fee Legal and professional 1,740 215 1,740 215 1.750 31,694 1,955 33,649 26,428 Analysed betsveen Fundraising Charitable activities 24,000 7.694 24,000 9,649 24,000 2,428 1.955 31.694 1,955 33,649 26,428 Trustees None of the trustees lor any persons connected them) were reiTnbur$ed expenses or received remuneration during the year. 10 Taxation The Gharity is exempt from tax on income and gains falling wtthin section 505 of the Taxes Act 1988 or section 252 ofthe Taxation of Chargeable GainsAct 1992 to the extent that these are applied to its tharitable objects. 11 Debtors 2024 2023 Amounts falling duo within one year: Trade debtors Prepayments and accrued income 19,160 1,842 78 21,002 78 12 Creditors- amounts falling due within one year 2024 2023 Notes Deferred income Trade creditors Accruals and defeed income 13 24,058 2,007 11,751 1,749 37,816 1,749 14-
SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 13 Deferred income 2024 2023 Other deferred income 24,058 Deferred income is induded in the finanaal statements as follows". 2024 2023 Deferred income is induded within.. Current liabilities 24,058 Movements in the year: Deferred income at 1 August 2023 Resour$ deferred in the year 24,058 Deferred income at 31 July 2024 24.058 15-
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SPORTS AID EASTERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 15 Analysis of net assets between funds Unrestricted RestriGt¢d nds funds 2024 2024 Totsl UnrestriGtsd RestriGted funds funds 2023 2023 Totsl 2024 2023 Fund balances at 31 July 2024 are represented by.. Current assetsl(liabilities) 58,615 54,511 113.126 31.195 68,023 99,218 58,615 54,511 113,126 31,195 68,023 99,218 16 Related party transaction3 During the year, Sports Aid Trust head office supported Sports Eastem with a £14.500 donation Covering the period 1 January to 31 December 2024. £8.458 of this is induded in ino)me for the year. and £6,042 has been deferred lo the next financial year. During the previous year Sports Aid Trust head office paid expenses directly on behalf of Sports Aid Eastem totalling £14,400. 18-