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2022-12-31-accounts

Charity registration number 1085817

Company registration number 04154243 (England and Wales)

THE SPORTING CHANCE CLINIC

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

THE SPORTING CHANCE CLINIC

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G A R Ball
Ms A Collis
Mr L Elias
Mr A Leslie
Mr M Muijen
Ms K Legg
Secretary Mrs S Heather
Charity number 1085817
Company number 04154243
Registered office Unit 19 Broxhead House
60 Barbados Road
Bordon
Hampshire
UK
GU35 0FX
Auditor Jones Avens Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
PO19 8FX
Bankers Barclays Bank Plc
6 Clarence Street
Kingston Upon Thames
KT1 1NY

THE SPORTING CHANCE CLINIC

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent auditor's report 6 - 9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 21

THE SPORTING CHANCE CLINIC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's Articles of Association, the Companies Act 2006 and "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).

Objectives and activities

The main objective of The Sporting Chance Clinic is to provide confidential access to therapeutic services for those engaged in professional and elite sport.

This includes:

Providing a pathway to our national network of counsellors and therapists for individuals presenting with emotional and mental health issues.

A residential services for addictive disorders treating individuals who present with alcoholism, drug dependency or compulsive gambling issues. This service combines a recognised model of residential treatment for addictions with an episode of one-to-one therapy that extends beyond the residential stay. Participants will also partake in a physical wellbeing program to suit their needs.

Sporting Chance Clinic also has an education department that offers seminars and workshops to our stakeholders and participants in sport addressing emotional welfare issues.

Sporting Chance Clinic provide advice and training to our stakeholders and their clubs in creating a safe sporting environment that encourages good mental health.

Public Benefit

The Charity's ethos offers a holistic approach encouraging good emotional well-being and mental health for those engaged in professional and elite sport. We aim to provide professional, safe and confidential services for those in need of support. The charity strives to make the workplaces of professional sports participants emotionally safe and create pathways for those in need accessible.

We have referred to the guidance contained in the Charities Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

THE SPORTING CHANCE CLINIC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

Charitable activities

The main areas of charitable activity are one-to-one counselling and therapy offered either through Sporting Chance Clinic's in-house team of therapists or via its national network of associates. All individuals providing these services have been vetted as appropriate and qualified by Sporting Chance Clinic.

The charity has a residential facility that offers treatment programmes for those suffering with addition, it offers a range of treatment episodes. Individuals are assessed as to which programme will suit their needs. All clients who attend residential treatment are offered ongoing support though one-to-one counselling and online support groups.

The charity runs on-line recovery meetings for Sporting Chance clients addressing substance use including alcohol, drugs and/or gambling addiction.

The charity provides educational seminars and workshops to professional sports clubs and sporting bodies across all age groups on topics of emotional well-being, lifestyle and addiction.

The charity works with governing bodies, leagues and clubs to create frameworks and processes that encourages good mental health.

Advice and information about services or the issues are are working with can be found on our website www.sportingchanceclinic.com or by telephoning our offices on 0870 220 0714.

Outreach

The charity works closely with the player welfare structures within professional sport to create easy and confidential access to those seeking support. The charity will also promote confidential access to the charity's services via social media, player workshops and our web-site.

Educational Seminars

The Sporting Chance Clinic Education Department offers a range of seminars and workshops that are tailored to the audience. The Charity holds contracts to provide education with; The Premier League and League Football Education.Women's Super-League and the FA in football, with Rugby Leagues Cares in Rugby., The National Jockeys School and the Professional Jockey Association in horseracing and across sport in Northern Ireland through Sport Northern Ireland. The charity also provides education seminars to our other stakeholders in Darts, Cricket, Tennis and Squash when requested.

Education seminars cover the main themes of the Charity's work covering topics including emotional wellbeing and mental health. Seminars can be tailored to focus on specific behaviours or symptoms that indicate or can lead to poor mental health such as gambling, substance use including alcohol and social media use. Seminars are clinically informed and offer a high level of information appropriate to the age of the participants, a self-reflective process for the audience. Sporting Chance will also include a "Player's Story" when appropriate. The player's story is told by a retired or current sports person that has experienced issues discussed in the main presentation and has now found a solution.

The charity also provides education to the staff of our stakeholders and clubs on topics relating to working with elite and professional sport participants and creating environments that encourage good mental health.

THE SPORTING CHANCE CLINIC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

The Trustees are satisfied with the performance and state of the Charity. Total funds are represented by unrestricted funds. Strenuous efforts have been made to increase funding so that additional skills can be employed to broaden and deepen the scope of work carried out. A major aim has been to create surpluses that allow a reserve to be created against future working capital requirements and it has long been the charity's intention to expand the brand, services and support to more sports, more clients and to wider geographical areas, all of which require investment.

The Trustees regularly examine the Charity's requirements and the need to maintain a reserve to fund both expansion and any change to the timing and size of income. To date, the funds arising have only been sufficient to leave as a reserve. If in the future an excess arises over and above the short-term funding requirements the trustees will consider appropriating this to a separately designated fund.

Principal funding sources

The Sporting Chance Clinic Charity has relationships with over ten sports and twenty stakeholders. The Professional Footballers' Association provides the largest amount of funding being annual core funding in 2022 of £425,000 (2021: £425,000). This includes an element of funding for their members and ex-members to be supplied with one-to-one therapy, mentoring and support, and residential rehabilitation treatment. During the year the Football Association provided core funding of £125,000 (2021: £125,000).

The Trustees considers the above core funding to represent unrestricted donations for use by the Charity in its charitable activities.

It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Investment policy and objectives

Up until now there have been insufficient funds to allow for long term investment so surplus funds have been kept in a bank deposit account. The Trustees have discussed the level of reserves required and aim to have at least 6 months of operating costs be covered by the level of reserves and cash held.

Plans for future periods

The Charity is established as the country's main provider of mental health services to individuals who participate in professional sport. We will be focussed on increasing our influence to inform and improve the landscape that creates the working environment for current and retired professional and elite sport participants. We will continue to promote our work and services globally. The Charity is committed to the continued development of therapeutic services and education content that is clinically informed and offers meaningful change to those we serve. We will continue to develop and expand relationships with existing stakeholders with a view to offering services to more individuals within the existing sports we serve. We will also offer existing services and expertise to other stakeholders and sports with a view to increasing the charity's reach.

The charities mission is "When any sports person has the courage to reach out for support with an emotional or mental health concern, there must be support available. The support must be professional, confidential and safe - Sporting Chance can be that place".

Structure, governance and management

The Sporting Chance Clinic is a company limited by guarantee, incorporated on 6th February 2001 and registered as a Charity on 26th March 2001.

The company was established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed under its Articles of Association.

THE SPORTING CHANCE CLINIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees, who are also the threct￿ for tha purpose ol ¢<Mnpany law. and seNed during the year ar￿ up lo the date of signatur8 of the financial statements were: MrGARBal Ms A Collis Mr L Elias MrA LeS￿e Mr M Muijen Ms K Legg The Trustees are appoinled acurthr¥J to their skNs and knTh￿98 of the airns and aspirations of the Charity. The Tntstees possoss Signif￿ busingss skils thlmch ￿meth¥ety and llidividually provide expertise in all areas. Risk Management The Trustees havo a duty to identify and re¥￿ tho risks to whK thè Charity ts exposed arKI to ensure appropriate controls aTe wi place to provide reasonable assurance against fraud a￿1 er[￿. At each Tntstees meetiTrJ a review of Ihe risks to the Charity is exposed is disuJs5ed and considered. Reporting pro¢￿ule5 a￿ in plac ensures c￿￿1[?￿ewrth health aThl sty of slaff. nts and visitors. Oryanisatlonal SlnKbJr• The day lo day operation of the Chanty i% dthgated lo the Chief execulive. Colin Bland. who is in regular conlact th thè Trustees about matters arising. If fi￿$S8ry the iTrJIvidu￿ skills of the twstees are called upon if needed for particular assignrnents or operalictns. Inducthjn and tAlnlr¥J of n•w trustees Most Truslees ar8 already famdrar with the practral WO￿ ofts Charity haviro had access to rrterature and detailèd discussions at meetings of the mlertaken aThJ. in S(￿ cases. holth'ng wmiFar positions on 0th9r charities. A￿dIt￿nallY. new trustees are ￿￿ted and encouraged lo atteThJ traYbiNJ SeSs￿n$ to familarise Ihemsetves wrth the Clwty and the ¢ontexl within wlith it operates. Audltor In accfjrdanee with the compan￿$ artiths. 8 resobjtrn proposry that Avens LI￿¥ted be reappointed as auditor of the cofflpany be pul at a General Meeting. Dlsclosurn of inforniation to audltor Each of the Iruslees has confimied that there is no ￿0[ma￿n of which IW are aware whith is relevant to the audit, bul of which the audrtor i% unaware. They have furlhgr confimied that they have taken appropriale steps to identify such ￿levant infornation and to estsblrsh Ihat the a￿th1or ts aware of s￿h wiformation. The Iruslees. reprrfl was approved by the Board of Tnjslees. MrA Lesfie

THE SPORTING CHANCE CLINIC

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also the directors of The Sporting Chance Clinic for the purpose of company law, are responsible for preparing the Trustees' 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust 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 trustees are required to:

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

THE SPORTING CHANCE CLINIC

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE SPORTING CHANCE CLINIC

Opinion

We have audited the financial statements of The Sporting Chance Clinic (the ‘trust’) for the year ended 31 December 2022 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 trust 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 trustees' 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 trust’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 trustees 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 trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

THE SPORTING CHANCE CLINIC

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SPORTING CHANCE CLINIC

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the trust 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 trustees 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 trustees are responsible for assessing the trust’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 trustees 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

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

Identification and assessment of irregularities including fraud

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

THE SPORTING CHANCE CLINIC

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SPORTING CHANCE CLINIC

Audit response to the risk of irregularities including fraud

Based on the results of our risk assessment, our procedures included, but were not limited to:

Conclusions regarding the risks of irregularities including fraud

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

We considered our audit was capable of detecting irregularities due to:

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 charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

THE SPORTING CHANCE CLINIC INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SPORTING CHANCE CLINIC MrJordan Abbott B for and on behalf of c ACA (Senior Statutory Audltorl 0510912023 hartered Accountants ststutory Auditor Jones Avèns Limited Piper House 4 Dukès Court Bognor Road Chiohesler P0198FX is eligible for appointment as auditor of the trust by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE SPORTING CHANCE CLINIC

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

**Unrestricted ** Unrestricted
funds funds
2022 2021
Notes £ £
Income from:
Donations and legacies 3 62,142 8,436
Charitable activities 4 1,607,029 1,528,252
Investments 5 128 15
Total income 1,669,299 1,536,703
Expenditure on:
Raising funds 6 10,178 1,093
Charitable activities 7 1,656,784 1,483,454
Other 11 - 378
Total expenditure 1,666,962 1,484,925
Net income for the year/
Net movement in funds 2,337 51,778
Fund balances at 1 January 2022 705,346 653,568
Fund balances at 31 December 2022 707,683 705,346

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE SPORTING CHANCE CLINIC BALANCE SHEET ASAT31 DECEMBER 2022 2022 2021 Noto9 Flxed assets TarvJible assets 13 519.640 157,150 Current assets Deblors Cash at bank and in hand 14 161.229 258.010 303.397 399,931 Cmlitor8: amounts faI￿n9 due YAIthkn one y•ar 419.239 703,328 P31.1%) 1155.132) Net current assets 188.043 548,1 Totsl assetsloss eurTrnt Ilabifrtkns 707.683 705,346 Income funds Unreslricled funds Designated frjnds General unrestricted funds 17 4.245 703.438 9.787 695.$59 707.683 705.346 707.683 705.346 The company is entitled to the exemptKin from the a￿111 r8qu¥ement C￿laIned in seclion 477 of the Companies A¢t 2006. for the year ended 31 Decembw 2022. alhough an has been carried oul ￿der section 144 of the Charibes Act 2011. The directors acknowledge their responsibil￿$5 for ttjmptying wtth the requIrem￿ts of Ihè Compani&s Ad 20C with respera to accounliThJ rewds and the preparaticffl offinancial slalemenl5. The member5 hava not required the company to obtawi ￿ audit of its finarK¥al statements undef the requirements of the CompaniesAct 20C6. for the year in question in xZ#Jrda￿È wrth secbon 476. nancyal ststements were aPPVDved by thè Tnths on..........- ..... ..... MrA Leslie Tru$tse Company regtstAtloTh nurn￿r 1085817 11

THE SPORTING CHANCE CLINIC

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

2022
Notes
£
£
Cash flows from operating activities
Cash generated from operations
20
247,809
Investing activities
Purchase of tangible fixed assets
(389,858)
Investment income received
128
Net cash used in investing activities
(389,730)
Net cash used in financing activities
-
Net decrease in cash and cash equivalents
(141,921)
Cash and cash equivalents at beginning of year
399,931
Cash and cash equivalents at end of year
258,010		 2021
£
(52,397)
15		 £
43,538
(52,382)
-
(8,844)
408,775
399,931

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

The Sporting Chance Clinic is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 19 Broxhead House, 60 Barbados Road, Bordon, Hampshire, GU35 0FX, UK.

1.1 Accounting convention

The financial statements have been prepared in accordance with the trust's governing document, 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 trust is a Public Benefit Entity as defined by FRS 102.

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

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

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern 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.

Restricted funds are subject to specific 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 financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.

1.4 Income

Income is recognised when the trust 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.

Donations are accounted for on a received basis.

Legacies are recognised on receipt or otherwise if The Sporting Chance Clinic has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Core funding is accounted for on a receivables basis when the Charity has entitlement to the funds.

Interest on funds held is included when receivable.

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 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 by activity. The costs of each activity are made up of the total of direct costs and shared costs, including 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 costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 10% on cost
Leasehold land and buildings 10% on cost
Fixtures and fittings 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The trust 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 trust's balance sheet when the trust 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.

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.

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the trust’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 trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the trust’s accounting policies, the trustees 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.

Critical judgements

The useful life of assets

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The key area of judgement or estimation uncertainty is the useful life of assets which is an estimation.

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 62,142 8,436
Donations and gifts
Other 62,142 8,436
62,142 8,436

4 Charitable activities

Therapy and
Rehabilition
2022
£
Sales within charitable
activities
700,548
Performance related
grants
755,317
1,455,865
Performance related grants
The Professional
Footballers' Association
425,000
The Football Association
125,000
The Rugby Football
League
24,871
The Professional Dart
Players Association
12,813
The Professional Cricketers
Association
74,300
The Professional Jockeys
Association
22,500
The FA National Teams
70,833
Other
-
755,317		 Education
Seminars
2022
£
151,164
-
151,164
-
-
-
-
-
-
-
-
-		 Total
2022
Therapy and
Rehabilition
2021
£
£
851,712
468,865
755,317
872,217
1,607,029
1,341,082
425,000
425,000
125,000
155,000
24,871
130,000
12,813
12,500
74,300
74,300
22,500
48,750
70,833
26,667
-
-
755,317
872,217		 Education
Seminars
2021
£
187,170
-
187,170
-
-
-
-
-
-
-
-
-		 Total
2021
£
656,035
872,217
1,528,252
425,000
155,000
130,000
12,500
74,300
48,750
26,667
-
872,217

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Investments

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Interest receivable 128 15
6 Raising funds
7 Unrestricted Unrestricted
funds
funds
2022
2021
£
£
Fundraising and publicity
Staging fundraising events
10,178
1,093
10,178
1,093
Charitable activities
2022
2021
£
£
Staff costs
582,945
523,874
Depreciation and impairment
27,368
37,450
Rent and rates
40,400
41,580
Counsellor network
569,496
516,371
Utilities and laundry
8,732
6,520
Repairs and maintenance
21,574
20,078
Insurance
26,050
18,612
Motor vehicle expenses
10,659
7,344
Travel and subsistence
46,633
34,824
Sundry expenses
1,574
2,620
Telephone
16,132
25,420
Other office costs
39,479
26,648
Therapy and treatment consultants
190,534
158,607
Education seminars
54,474
48,125
1,636,050
1,468,073
Share of governance costs (see note 8)
20,734
15,381
1,656,784
1,483,454		 Unrestricted Unrestricted
funds
funds
2022
2021
£
£
Fundraising and publicity
Staging fundraising events
10,178
1,093
10,178
1,093
Charitable activities
2022
2021
£
£
Staff costs
582,945
523,874
Depreciation and impairment
27,368
37,450
Rent and rates
40,400
41,580
Counsellor network
569,496
516,371
Utilities and laundry
8,732
6,520
Repairs and maintenance
21,574
20,078
Insurance
26,050
18,612
Motor vehicle expenses
10,659
7,344
Travel and subsistence
46,633
34,824
Sundry expenses
1,574
2,620
Telephone
16,132
25,420
Other office costs
39,479
26,648
Therapy and treatment consultants
190,534
158,607
Education seminars
54,474
48,125
1,636,050
1,468,073
Share of governance costs (see note 8)
20,734
15,381
1,656,784
1,483,454
1,093
2021
£
523,874
37,450
41,580
516,371
6,520
20,078
18,612
7,344
34,824
2,620
25,420
26,648
158,607
48,125
1,468,073
15,381
1,483,454

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Support costs

Support costs
Audit fees
Trustees meetings
Bookkeeping fees
Accountancy fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
6,516
-
6,566
-
6,452
-
1,200
-
20,734
-
20,734		 2022
£
6,516
6,566
6,452
1,200
20,734
20,734		 2021
£
5,586
1,427
7,368
1,000
15,381
15,381

Governance costs includes payments to the auditors of £6,516 (2021- £5,586) for audit fees.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

10 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
10
2022
£
505,585
55,372
21,988
582,945		 2021
Number
11
2021
£
459,871
48,681
15,322
523,874

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Employees

(Continued)

The number of employees whose annual remuneration was more than £60,000
is as follows:
£70,000 to £79,999
£80,000 to £89,999
£100,000 to £109,999
£110,000+
Other
Net loss on disposal of tangible fixed assets		 2022
2021
Number
Number
-
1
1
1
-
1
1
-
Total
Unrestricted
funds
£
2022
2021
-
378
-
378		 2021
Number
1
1
1
-
378

11 Other

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Tangible fixed assets

Freehold land
and buildings
Leasehold
land and
buildings
Fixtures and
fittings
£
£
£
Cost
At 1 January 2022
131,754
47,140
82,146
Additions
389,858
-
-
At 31 December 2022
521,612
47,140
82,146
Depreciation and impairment
At 1 January 2022
20,737
28,284
54,869
Depreciation charged in the year
13,175
4,714
9,479
At 31 December 2022
33,912
32,998
64,348
Carrying amount
At 31 December 2022
487,700
14,142
17,798
At 31 December 2021
111,017
18,856
27,277		 Total
£
261,040
389,858
650,898
103,890
27,368
131,258
519,640
157,150

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2022
£
151,686
9,543
161,229		 2021
£
298,463
4,934
303,397

15 Creditors: amounts falling due within one year

2022 2021
£ £
Other taxation and social security 24,806 13,600
Trade creditors 5,008 6,041
Other creditors 7,356 4,300
Accruals and deferred income 194,026 131,191
231,196 155,132
Retirement benefit schemes
Defined contribution schemes
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the trust in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £21,988 (2021 - £15,322).
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes:
Movement in funds Movement in funds
Balance at Incoming Transfers Balance at Incoming Transfers Balance at
1 January 2021 resources 1 January 2022 resources 31 December
2022
£ £ £ £ £ £ £
Sporting
Chance
Benevolent
Fund
14,613		 3 (4,829) 9,787 8 (5,550) 4,245
14,613 3 (4,829) 9,787 8 (5,550) 4,245

16 Retirement benefit schemes

The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

The sum of the Benevolent Fund is directly related to the donations received. The Fund is in place to support current or retired professional/elite sports persons who require the charities support and have no access to such services through another professional body or union connected to their sport. Qualifying individuals are required to demonstrate that they are unable to fully fund or contribute to the cost of treatment required, and that they have explored and have a good reason why statutory or self-help services are not suitable

THE SPORTING CHANCE CLINIC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

18 Events after the reporting date

The property purchase previously disclosed took place on 28 April 2023.

We were offered the opportunity to buy the Crouch properties, that are used by the charity, as there is not an option to continue leasing from Champneys. Champneys have to sell the Crouch properties to keep within their terms of the business plan they have presented to their bank. We did search for alternatives, but the Board and Leadership Team are all in agreement that purchasing the properties is the correct course of action to ensure the continuing operation of the charity and the services we currently provide.

The agreed purchase price of the Crouch properties is £975,000. £798,000 of this is to be funded by way of a mortgage. The remainder is funded through the Charity's reserves.

19 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate compensation 202,680 178,500

The Key Management of the Charity comprises the Trustees, the Chief Executive Officer and the Deputy Chief Executive Officer. The above remuneration comprises of all emoluments paid to the Key Management personnel during the year. No remuneration or benefits are paid or provided to or for the Trustees, or anyone connected to them.

There were no related party transactions during either year.

20
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
(Gain)/loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Cash generated from operations		 2022
£
2,337
(128)
-
27,368
142,168
76,064
247,809		 2021
£
51,778
(15)
378
37,450
(49,895)
3,842
43,538

21 Analysis of changes in net funds

The trust had no debt during the year.

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