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2023-08-31-accounts

Christians in Sport (A company limited by guarantee) Charity Registration No: 1086570 Company Registration No: 4146081

Financial Statements

for the year ended 31st August 2023

Wenn Townsend

Chartered Accountants

Oxford

Christians in Sport (A company limited by guarantee)

Contents

Reference and administrative details 1
Report ofthetrustees 2-8
Report ofthe independent auditor 9-10
Statement offinancial activities 41
Balance sheet 12
Statement ofcash flows 13
Notestothefinancialstatements 14-25

Christians in Sport (A company limited by guarantee)

Reference and Administrative Details

Trustees: MrM R Bennett
Mrs S K Creedy
MrC C Lion-Cachet
Mr J E Robson
Mrs E J Watson
Executive Directors: Mr D G Daniels
Mr K Proctor
Company Secretary: MrT Beaumont
Registered office: Frampton House
Unit D1, Telford Road Industrial Estate
Bicester
Oxon
OX26 4LD
Charity registration numbers: 1086570 and SC045299
Company registration number: 4146081
Solicitors: Keelys LLP
28 Dam Street
Lichfield
Staffordshire
WS13 6AA
Bankers: National Westminster Bank pic
12 The Broadway
Southgate
London
N14 6PL
Independent auditor: L J Baker FCA
Wenn Townsend
30 St Giles
Oxford
OX13LE

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts for the year ended 31st August 2023

The Trustees present their annual report together with the audited financial statements for the year 1st September 2022 to 31st August 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees who served the company during the period were as follows:

Mr M R Bennett

Mrs S K Creedy

Mr C C Lion-Cachet Rev P J Nicholas (resigned 30 June 2023) Mr J E Robson Mrs E J Watson

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 23rd January 2001. The original trust was founded in 1980.

The company is constituted under a Memorandum of Association dated 23rd January 2001 and is a registered charity: 1086570. Christians in Sport was registered with the Scottish Charity Regulator on 18th December 2014: SCO45299.

The Main Board compromises the Trustees of the charity, who are the independent Directors for the purposes of the Companies Acts, as well as the Executive Directors (Mr D G Daniels and Mr K Proctor) who attend in an ex-officio capacity. Because of the current Charity Act legislation, the Trustees are responsible for policy and approving the financial budgets of the charity.

The Executive Directors run the charity within the guidelines of a Board approved Memorandum of Understanding between the Trustees and the Executive Directors regarding policy and the operational decision making process. In particular, the Trustees are responsible for approving and reviewing each twelve month plan including objectives and budget. The process for appointing new Trustees to the Board is that once recommendations are received and potential members interviewed, and references received, they are inducted by an Executive Director and further introduced to the work of the charity by training, attendance at meetings and events alongside formal governance documents.

The Trustees approve the salary parameters for the entire staff team including senior management. They review and analyse a number of areas e.g. financial, sporting, related charities and the Christian sector, in setting the compensation for the Executive Directors.

The charity has a risk register outlining several areas including governance, legal and regulatory compliance, finance, personnel, operational as well as for specific activities in the UK and overseas. For each area, exposure is assessed based on impact, probability of occurrence and the current control environment to mitigate risk. The Risk Committee report to the Board each meeting predicated on an agreed Memorandum of Understanding. The Trustees have assessed the major risks to which the company is exposed and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts for the year ended 31st August 2023

OBJECTIVES AND ACTIVITIES

a. Activities for achieving objectives

The mission statement of Christians in Sport is to ‘reach the world of sport for Christ’ flowing from the objects expressed in the Trust Deed when the charity was set up in 1980. Within the original Trust Deed, the object of the charity is the advancement of the Christian religion among people in sport and, in furtherance of the above object but not further or otherwise, the Trustees shall have the following powers:

In September 2020, the Board commenceda three year strategic plan entitled ‘Game Plan 5’ (GP5) with the core mission of ‘reaching the world of sport for Christ’ remaining unchanged.

GP5 will help competitive amateur and elite sportspeople to grow in their relationship with God as they connect sport and faith, grow in confidence to authentically live and speak out their faith in Jesus Christ so other sportspeople can have opportunities to hear and respond to the Christian message.

Alongside core GP5 actions, we have added a specific emphasis in two areas. Firstly, we wish to build greater qualitative depth through a range of actions e.g. research, impact reporting, resources and thought leadership for sportspeople and leaders. Secondly, we have a desire to expand the vision through leaders and a greater use of technology across the entire work. Both are reflected in the strategic priorities and actions of GP5.

Three priorities and ten actions are outlined below.

Strategic Priority 1: Sportspeople engaged with the good news of Jesus Christ

  1. Competitive sportspeople engaged with the good news of Jesus Christ

  2. Elite sportspeople engaged with the good news of Jesus Christ 3. Sportspeople around the world engaged with the good news of Jesus Christ

  3. Resources engaging sportspeople with the good news of Jesus Christ

Strategic Priority 2: | Leaders equipped and expanding the work of engaging sportspeople

  1. UK leaders equipped to engage sportspeople

  2. Global leaders equipped to engage sportspeople

  3. Expanding to gaps in elite sports as well as geographically

Strategic Priority 3: Partners and effective operations enabling the work

  1. Partners enabling the work with prayers and donations

  2. Effective operational delivery and robust governance of our strategic priorities

  3. Special projects to enable greater depth and accelerate future opportunities

Public Benefit

The Trustees have taken account of the Charity Commission guidance on providing public benefit. They believe that the charity is effective in achieving the aims for which it has been established and continues to develop in line with its charitable objects. This report seeks to give examples of that public benefit in action.

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts for the year ended 31st August 2023

ACHIEVEMENTS AND PERFORMANCE

The year ending August 2023 was the last year GP5 and the following describes a brief summary of progress for each of our priorities and actions.

Strategic Priority 1: Sportspeople engaged with the good news of Jesus Christ

Action 1: Competitive sportspeople engaged with the good news of Jesus Christ

Youth: A record number of young people attended the seven Sports Plus camps over the summer across England, Northern Ireland, Scotland and Wales. Demand remains high with waiting lists for most camps and we were thankful for the positive feedback from hundreds of parents. Whilst we celebrate the number of boys attending camps we were encouraged to see the number of girls increase this year. An average of 39% across all camps were girls and as high as 54% in one camp. The growth in Welsh young people and leaders was another encouragement with proportions doubling compared to last year.

Student: We have groups in the top 40 BUCS sports ranked universities. They are equipped through visits, one to one work, resources and conferences to pray, connect sport and faith as well as live out and share their faith with sportspeople through guest events, missions and other events. Alongside the 64 evangelistic events hosted by the groups with two thirds being guests consistently we were encouraged to receive more qualitative feedback from the students who completed the annual survey. Over the course of the year, students have become more motivated to pray, more confident to share the gospel and have grown in their understanding of how faith applies to their sport.

Adult: Having launched over 45 networks in September 2022 it was an encouragement to see 119 prayer gatherings across the year as Christian sportspeople met to encourage one another in their witness within their sports clubs. Across the adult work the team delivered 47 guest events with high ratios of guest and look to build on this for the coming year with several major sports events in the calendar e.g. Olympic Games.

Action 2: Elite sportspeople engaged with the good news of Jesus Christ

We continue to work with hundreds of athletes and coaches competing in professional and elite sport and across youth performance pathways. This unique sporting context can make a normal church relationship difficult, particularly those competing in a tour-based environment. Support varies between sports and included throughout the year, 230 group bible studies, 400 one to ones and ministry at 19 tournaments, including tennis, golf and diamond league track & field. Action 3: Sportspeople around the world engaged with the good news of Jesus Christ It has been an encouragement to follow the impact of indigenous leaders trained from over 50 countries throughout the world in their work of engaging sportspeople with the good news of Jesus Christ from ministering to professional athletes through to delivering sports camps for young sportspeople. The camp in Romania celebrating its 10th year was a highlight given the effort towards developing sustainable mission.

Action 4: Resources engaging sportspeople with the good news of Jesus Christ

Compared to last year all major metrics are up e.g. video views (63%), podcast listens (129%), YouTube (100%) through the publishing of 86 main videos and 146 short videos, 43 blogs, 28 podcasts, 52 Game Day devotions and 1000+ image and text social media posts. Our content has been seen over 3.5 million times on social media, a million more than the year before with growth across the board on all platforms.

A new digital resource and training platform is to be launched for giobal partners at a conference in November consisting of bible studies, online courses, animated videos unpacking sport and faith alongside 24 filmed bible based talks fitting relevant themes facing sportspeople.

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts for the year ended 31st August 2023

Strategic Priority 2: Leaders equipped and expanding the work of engaging sportspeople

Action 5: UK leaders equipped to engage sportspeople

There are close to 100 UK based projects within Action 1 alone from Sports Plus camps, university groups and adult networks. Alongside other initiatives such as the Internship they amount to hundreds of equipped leaders engaging thousands of sportspeople each year. Leaders, depending on their context, have their own developmental pathways.

it was exciting to see 135 go through bespoke young leader pathways at camp, namely ‘development squad’ and trainees, 87 of whom were serving for the first time - a record number.

Action 6: Global leaders equipped to engage sportspeople

Over the three years of GP5 we focussed energy to pilot a global development programme for mentors of indigenous leaders across the world to provide important depth in those leading sports mission globally. The 10-month programme consists of innovative online learning in multi-national cohorts, research projects and face to face training developing theological understanding of sport and faith, alongside bespoke resources and ongoing mentoring.

105 leaders from 45 countries have completed this pilot, refining the developmental pathway for a global launch in November 2023 across several languages for greater multiplication. The launch will also include resources for local leaders from training sessions and online courses with significant multimedia components.

A second major conference is also currently being prepared in November with 200 European leaders registered to attend from 37 countries, the first major gathering of European leaders post pandemic.

Action 7: Expanding to gaps in elite sports as well as geographically

We have commissioned a piece of independent research as part of a group of global partners seeking to work more collaboratively in ministry to elite and professional athletes and coaches throughout the world. The purpose is to collect data on who is doing what type of ministry to elite athletes and coaches sport by sport and country by country. The data collection will end in November and reported on in December. This pioneering research will enable a strong foundation for productive partnership and collaboration in 2024 and beyond.

Strategic Priority 3: Partners and effective operations enabling the work

Action 8: Partners enabling the work with prayers and donations

Communications: We delivered our digital strategy with strong performance against a number of benchmarks. Regular print and electronically produced magazines and newsletters continue to support our partners as they enable the work prayerfully and financially.

Prayer: We are dependent on God in prayer and alongside our daily staff prayer meeting we seek to give partners updates and requests to pray specifically and daily through the prayer diary, our ‘Take 5’ video-based tool, termly zoom prayer gatherings and at all groups, networks and conferences.

Donors: The last three years of GP5 have covered much of the covid disruption and cost-of-living crisis. We have much to thank God for in that during this three-year period unrestricted expenditure has broadly equalled unrestricted donations. Single gifts have increased over the last year whilst regular committed giving has fallen 10%. Increased effort has gone into financial support from trusts and churches alongside seeking new people to support the work financially.

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts (continued) for the year ended 31st August 2023

Action 9: Effective operational delivery and robust governance of our strategic priorities

Given the range of activities the team facilitates outlined in Actions 1-6 our process of reflective learning has become more established, with regular team meetings specifically designed to capture learnings and observing any challenges for implementing our strategy.

We continue to explore how technologically we can have the right integrated platforms to communicate effectively between each other and maximise the efficiency of how we collect, store and utilise data across the organisation.

The Risk Committee has met throughout the year to deliver on the memorandum of understanding agreed with the Board, refine policy and ensure it is well applied in practice.

Action 10: Special projects to enable greater depth and accelerate future opportunities

Two ‘depth’ projects have progressed over the year. A contract has been signed and drafts submitted to a publisher for a book about biblically integrating sport and faith. We also have continued discussions for a global centre of theological reflection for sport to be launched in 2024.

Significant digital projects have been delivered for the benefit of global partners to make accessible hundreds of resources across a range of audiences. The emergence of Al translation tools offers a huge opportunity for us to increase our efficiency in translating content into different languages in our support of global partners.

FINANCIAL REVIEW

Unrestricted donations increased by 23% in the year for which we thank God. The growth coming predominantly from a small number of one-off single gifts which compensated for a 10% reduction in regular committed giving. We received a 100% increase in donations from churches.

The accounts show restricted income of £279k, most being for international projects with £279k spent in the year in alignment with the purposes for which it was given.

Our activities showed a deficit of £68k during the year. The reason being that we took the decision to end one of our Summer camps early and refunded in full all fees paid by parents and leaders whilst incurring the costs of the week. 75% of parents and leaders made donations towards our costs making up half of the deficit. These donations were reflected in the 23% increase of donations referred to above.

We thank God for His continued provision and protection of the work.

b. Balance sheet

Total funds increased from £845k to £911k with a gain in total funds of £66k for the year. Current assets were broadly the same, £973k vs £970k with the main reason for the increase in total funds being a reduction in creditors down £85k due to the payment of camp invoices when compared to last year.

Guidelines regarding reserves aim for a minimum of three months expenditure on salaries and other fixed costs including rent equating to £500k. At the balance sheet date there were free reserves (excluding amounts held in restricted funds and fixed assets) of £606k representing adequate levels of reserves. This balance is important as a small number of major donors are coming to the end of their commitment and enables us to transition with minimal disruption to core activities.

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts (continued) for the year ended 31st August 2023

d. Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. They have concluded that the budgeted income and expenditure is sufficient with the level of reserves held for the charity to be able to continue as a going concern.

The responsibility for fundraising lies with the Executive Directors and involves a small number of staff. The charity does not employ any professional or commercial fundraisers. Donations are sought from those persons actively engaged with the charity as well as those who have signed up to receive communications.

We do not operate any type of cold calling methods and have never had any complaints. Because we do not fundraise from the public at large and only from existing committed supporters, we do not believe that we make any undue or unreasonable requests for funding from any of our donors, who are regarded as valuable partners in the charity’s work.

PLANS FOR THE FUTURE

September 2023 is the start of Game Plan 6 (GP6) being the next three-year strategic plan. GP6 has three strategic priorities each consisting of three actions. We pray that the actions of GP6 will help significant numbers of competitive amateur and elite sportspeople grow in their relationship with God as they connect sport and faith, grow in confidence to authentically live out and speak of their faith in Jesus Christ giving other sportspeople appropriate opportunities to hear and respond to the Christian message.

Alongside core GP6 actions we have added a specific emphasis in three areas. Firstly, we wish to grow our impact with a much broader socio economic demographic of sportspeople, secondly to develop a more robust ecosystem of collective impact of partners around the world committed to ministering biblically to elite and professional athletes and coaches. Finally, to grow our supporter audience of prayer partners and donors to include more churches, trusts and US partners as we position ourselves more effectively. We'll focus in helping partners better understand who we are, what we stand for and why what we do matters.

Three priorities and nine actions are outlined below.

Priority A: 175 UK projects engaging sportspeople with the Christian faith

Action 1: Deliver 125 UK projects through core activities Action 2: 50 projects engaging sportspeople across a broader socio economic demographic Action 3: Equip 1,000 leaders for the UK projects of Actions 1 & 2

Priority B: A new global collective impact project engaging sportspeople with the Christian faith

Priority C: Enabled by resources, partners and effective operations

Action 7: Deliver relevant resources for UK and Global priorities Action 8: Grow the number of partners committed to praying and supporting the work financially Action 9: Enable the work through effective operations and good governance

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Christians in Sport (A company limited by guarantee)

Trustees’ report on the accounts (continued) for the year ended 31st August 2023

Trustees’ responsibilities statement

The trustees (who are also directors of Christians in Sport for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

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Christians in Sport (A company limited by guarantee)

independent Auditor's Report to the Trustees of Christians in Sport

Opinion

We have audited the financial statements of Christians in Sport (the ‘charitable company’) for the year ended 31st August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cashflow and notes to the financial statements, including a summary of 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 charitable company 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 retating to going concern

In auditing the financial statements, we have conciuded 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 charitable company’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 trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a matenal misstatement of the other information. 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:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees (who are also the directors of the charitable company for the purposes 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.

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Christians in Sport (A company limited by guarantee)

Independent Auditor’s Report (continued) to the Trustees of Christians in Sport

In preparing the financial statements, the trustees are responsible for assessing the charitable company’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 1 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Use of our report

This report is made solely to the charitable company’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 charitable company’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 charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Lee Baker BA FCA

Senior Statutory Auditor For and on behalf of Wenn Townsend Statutory Auditor Oxford

Teh December... 2023

Wenn Townsend is eligible fo act as an auditor in terms of section 1212 of the Companies Act 2006.

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Christians in Sport (A company limited by guarantee)

Statement of Financial Activities (incorporating Income and Expenditure Account) for the year ended 31st August 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |2023|2023|2023|2022| |£|£|£|£| |Income|from:| |Donations|and|legacies| |-|Government|grants|receivable|2|-|-|-|295| |-|Other donations|and|legacies|2|1,528,454|258,920|1,787,374|1,509,359| |Charitable|activities|3|329,286|20,477|349,763|345,378| |Investments|4|13,864|-|13,864|452| |Total|income|1,871,604|279,397|2,151,001|1,855,484| |Expenditure|on:| |Charitable|activities|§|1,805,983|278,922|2,084,905|2,003,448| |Total|expenditure|1,805,983|278,922|2,084,905|2,003,448| |Net|income/(expenditure)|65,621|475|66,096|(147,964)| |Reconciliation|of funds:| |Total|funds|brought|forward|591,447|253,903|845,350|993,314| |Total funds|carried forward|657,068|254,378|911,446|845,350|

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The notes on pages 14 to 25 form part of these accounts

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Christians in Sport (A company limited by guarantee)

Balance sheet At 31st August 2023

Note
2023 2022
£ £ £ £
Fixed assets
Tangible assets 12 51,239 73,400
Current assets
Stocks 13 16,334 6,040
Debtors
Treasury reserve
Cash atbank and in hand		 14 92,166
500,000
364,876		 75,070
-
888,617
973,376 969,727
Creditors: amounts falling due
within oneyear 15 (113,169) (197,777)
Net current assets 860,207 771,950
Net assets 911,446 845,350
Charity funds
Restricted funds 17 254,378 253,903
Unrestricted funds 17 657,068 591,447
Totalfunds 911,446 845,350

The company’s financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Trustees on lA Pe Mh cataha 2023 and signed on their behalf by:

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The notes on pages 14 to 25 form part of these accounts

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Christians in Sport (A company limited by guarantee)

Statement of Cash Flows for the year ended 31st August 2023

Note 2023 2022
£ £
Netcash flowfrom operating activities 18 (33,912) (112,271)
Cash flowfrom investing activities
Purchase oftangible fixed assets (3,693) (3,875)
Receipts from disposal offixed assets - -
Interest received 13,864 452
Netcash used in investing activities 10,171 (3,423)
Cash and cash equivalents broughtforward 888,617 1,004,314
Cash and cash equivalents carried forward 864,876 888,617
Cash and cash equivalents consist of:
Treasury reserve 500,000 -
Cashatbankandinhand 364,876 888,617

The notes on pages 14 to 25 form part of these accounts

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Christians in Sport (A company limited by guarantee)

Notes to the accounts for the year ended 31st August 2023

1. Accounting policies

a) General information Christians in Sport is a charitable company limited by guarantee and incorporated in England and Wales. The registered address can be found on page 1 and details of the principal activities are set out in the Trustees Annual Report.

b) Basis of preparation of financial statements The financial statements have been prepared in accordance with 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) (issued October 2019) — (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Christians in Sport meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

c) Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

d) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. They have concluded that the budgeted income and expenditure is sufficient with the level of reserves held for the charity to be able to continue as a going concern.

e) income All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either. the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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  1. Accounting policies (continued)

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

e) income (continued) Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

f) 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.

Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

g) Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold improvements - Over 6 years Motor vehicles - 25% Straight line Computer equipment - 25% Straight line Timeshare property - Straight line over the duration of the leases (75-78 years)

h) Interest receivable

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

i) Operating leases Rentals under operating leases are charged to the Statement of Financial Activities incorporating income and expenditure account on a straight line basis over the lease term.

j) Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

k) Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

-15-

Christians in Sport (A company limited by guarantee)

  1. Accounting policies (continued)

Notes to the accounts (continued) for the year ended 31st August 2023

i] Cash at bank and in hand Cast at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a part event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

n) _‘ Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

o) Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities incorporating income and expenditure account.

p) Pensions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

q) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

r) Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are in relation to the useful life of fixed assets, which are written off in accordance with the depreciation policies in Note g).

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

2. Income from donations and legacies

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Government grants receivable - - - 295
Other donations and legacies 1,528,454 258,920 1,787,374 4,509,359
1,528,454 258,920 1,787,374 1,509,654

Included within donations, gifts and legacies for the Charity is ENil (2022: £295) of Government grants receivable relating to the Coronavirus Job Retention Scheme.

3a) Income from charitable activities

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Sales revenue 12,904 - 12,904 11,668
Activities income 316,382 20,477 336,859 333,710
329,286 20,477 349,763 345,378
3b) Fundraising income
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Generated income (sponsorship) - - - 4,118
4. Investment income
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Bankinterestreceivable 13,864 - 13,864 452

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Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

5. Charitable activities

5.
Charitable activities
Provision of Provision of
charitable
activities
(unrestricted)		 charitable
activities
(restricted)		 Activities
expenditure
(unrestricted)		 Activities
expenditure
(restricted)		 Total Total
2023 2023 2023 2023 2023 2022
£ £ £ £ £ £
Direct costs:
Purchases 8,516 - - - 8,516 8,284
SCUK/SMUK
Activities expenditure		 912
-		 -
-		 -
397,503		 -
169,501		 912
567,004		 782
452,272
Internship expenditure
Staffcosts		 34,532
20,840		 2,751
5		 -
-		 -
-		 37,283
20,845		 56,481
20,060
Wages and salaries 780,867 69,368 - - 850,235 916,499
National insurance & tax 81,336 4,811 - - 86,147 70,160
Pension cost 78,679 6,207 - - 84,886 93,548
Supportcosts (note 6)
Governance costs (note 7)		 395,358
7,440		 26,279
-		 -
-		 -
-		 421,637
7,440		 377,550
7,812
1,408,480 109,421 397,503 169,501 2,084,905 2,003,448

6. Support costs

Provision of Provision of Provision of Provision of
charitable
activities		 charitable
activities		 charitable
activities		 charitable
activities
(unrestricted) (restricted) Total (unrestricted) (restricted) Total
2023 2023 2023 2022 2022 2022
£ £ £ £
Travel
Entertaining
Comms/marketing
CRM &campmanagement		 66,613
5,627
90,759
19,443		 2,529
-
3,697
-		 69,142
5,627
94,456
19,443		 60,903
6,341
91,450
18,282		 8,628
1,208
2,615
-		 69,531
7,549
94,065
18,282
Direct running costs
(premises and insurance) 124,928 39 124,967 113,818 968 114,786
Printing, postage & stationery 8,428 40 8,468 10,093 37 10,130
Legal& prof(& consultancy)
Projects
Bankcharges
Depreciation		 14,896
32,044
6,766
25,854		 5,254
14,611
109
-		 20,150
46,655
6,875
25,854		 16,028
684
7,290
27,291		 10,980
900
34
-		 27,008
1,584
7,324
27,291
395,358 26,279 421,637 352,180 25,370 377,550

-18-

  1. Governance costs

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

Governance costs
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2023 2023 2023 2022 2022 2022
Auditor's remuneration 7,440 - 7,440 6,960 - 6,960
Auditor’s non audit costs - - - 852 - 852
7,440 - 7,440 7,812 - 7,812
Analysis ofexpenditure by expenditure type
Currentyear Staffcosts Depreciation Othercosts Total
2023 2023 2023 2023
£ £ £ £
Costs ofgenerating funds
Provision of charitable activities
Activities expenditure		 -
4,021,268
-		 -
25,854
-		 28,744
434,595
567,004		 28,744
1,481,717
567,004
Charitable activities 1,021,268 25,854 1,021,966 2,069,088
Expenditureon governance - - 7,440 7,440
1,021,268 25,854 1,029,406 2,084,905
Prioryear Staff costs Depreciation Other costs Total
2022 2022 2022 2022
£ £ £ £
Costs ofgenerating funds - - 684 684
Provision ofcharitable activities 1,080,207 27,291 435,182 1,542,680
Activities expenditure - - 452,272 452,272
Charitable activities 1,080,207 27,291 888,138 1,995,636
Expenditure on governance - - 7,812 7,812
1,080,207 27,291 895,950 2,003,448

8. Analysis of expenditure by expenditure type

«19 -

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

9. Net income/(expenditure)

This is stated after charging:
2023 2022
£ £
Depreciation oftangible fixed assets:
-
Owned by the charity		 25,854 27,291
Auditor's remuneration— audit 7,440 6,960
Operatingleaserentals 57,087 57,087

During the year, no Trustees received any remuneration (2022: ENil). During the year, no Trustees received any benefits in kind (2022: ENil). During the year, no Trustees received any reimbursement of expenses (2022: ENil).

10. Auditor’s remuneration

The auditor’s remuneration amounts to an audit fee of £7,440 (2022: £6,960) and accountancy fees of Enil (2022: £852).

11. Staff costs

Staff costs were as follows:

Staff costscosts were as follows:
2023 2022
£ £
Wages and salaries 852,990 906,302
Social security costs 81,927 86,147
Other pension costs 86,351 87,758
1,021,268 1,080,207

The average number of persons employed by the company during the year was as follows:

2023 2022
No No
No of staffon payroll
31 33
Average headcount expressed asa full-time equivalent:
Outreach ministries		 12 13
Administration 42 13
24 26
intheband£60,001-£70,000 2 2

Key management personnel received remuneration of £285,923 (2022: £276,100).

The charity relies on the contribution of unpaid volunteers and is extremely grateful for their continuing support to the charity in helping them achieve their mission objectives.

The nature of the contribution of unpaid volunteers involves acting as leaders and other assistance for summer camps.

Aggregate compensation includes national insurance and pension contributions.

~20-

  1. Tangible fixed assets

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

12. Tangible fixed assets
Improvements Other plant
to leasehold machinery Total
£ £ £
Cost
At 1st September 2022 60,019 227,980 287,999
Additions
Disposals		 -
-		 3,693
-		 3,693
-
At 31stAugust 2023 60,019 231,673 291,692
Depreciation
At ist September 2022 60,019 154,580 214,599
Charge fortheyear
Eliminated on disposal		 -
-		 25,854
-		 25,854
-
At 31st August 2023 60,019 180,434 240,453
Net book value
At 31stAugust 2023 - 51,239 51,239
At 31st August2022 - 73,400 73,400
13. Stocks
2023 2022
£ £
Finished goods and goods for resale 16,334 6,040
14. Debtors
2023 2022
£ £
Trade debtors 15,495 7,401
Income tax recoverable 21,049 20,087
Rent deposit 19,094 19,094
Prepayments and accrued income 31,432 28,488
Other debtors 5,096 -
92,166 75,070
15. Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 33,872 181,729
Other creditor 43,308 -
Othertaxation and social security & pay 19,248 6,929
Accruals and deferred income 16,741 9,119
113,169 197,777

-24-

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

16. Statement of funds

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Current year| |Balance|at|Balance|at| |1st September|31st August| |2022|Income|Expenditure|‘Transfers|2023| |£|£|£|£|£| |Unrestricted|funds| |General|funds —|all funds|591,447|1,871,604|(1,805,983)|-|657,068| |Restricted|funds| |international|225,863|264,566|(244,226)|-|246,203| |Kim|um-Yong|-|5,000|(5,000)|-|-| |Sports|Plus|Bursary|Fund|-|9,831|(9,831)|-|-| |Impact|Reporting|Framework|13,188|-|(5,254)|-|7,934| |Staff|Support|Fund|14,852|-|(14,611)|-|241| |253,903|279,397|(278,922)|-|254,378| |Total|of funds|845,350|2,151,001|(2,084,905)|-|911,446| |Prior year| |Balance|at|Balance|at| |ist September|31st August| |2021|Income|Expenditure|Transfers|2022| |£|£|£|£|£| |Unrestricted|funds| |General|funds —|all funds|756,638|1,583,240|(1,748,431)|-|591,447| |Restricted|funds| |International|230,013|227,138|(231,288)|-|225,863| |international|Creative|Media|180|-|(180)|-|-| |Sports|Plus|Bursary|Fund|-|11,669|(11,669)|-|~| |Impact|Reporting|Framework|6,483|18,585|(11,880)|-|13,188| |Staff Support|Fund|-|14,852|-|-|14,852| |236,676|272,244|(255,017)|-|253,903| |Total|of funds|993,314|1,855,484|(2,003,448)|-|845,350|

----- End of picture text -----

-22-

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

16. Statement of funds (continued)

International is money towards travel, meetings and conferences throughout the world with a particular focus on Europe.

international Creative Media is restricted to funding for the production of videos and resources for the International Sports Coalition Conferences.

Impact Reporting Framework donation is money given towards implementing a reporting framework to track the impact of our activities across Europe, including the UK.

Staff Support Fund is money received for the discretionary support of staffing needs.

Summary of funds — current year

Balance at Balance at
1stSeptember 31stAugust
2022 Income Expenditure Transfers 2023
£ £ £ £ £
General funds 591,447 1,871,604 (1,805,983) - 657,068
Restrictedfunds 253,903 279,397 (278,922) - 254,378
845,350 2,151,001 (2,084,905) - 911,446
Summary offunds — prioryear
Balance at Balance at
1st September 31stAugust
2021 Income Expenditure Transfers 2022
£ £ £ £ £
General funds 756,638 1,583,240 (1,748,431) - 591,447
Restricted funds 236,676 272,244 (255,017) - 253,903
993,314 1,855,484 (2,003,448) - 845,350

-23-

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

17. Analysis of net assets between funds

Currentyear Unrestricted Restricted Total
funds funds funds
2023 2023 2023
£ £ £.
Tangible fixed assets 51,239 - 51,239
Current assets 718,998 254,378 973,376
Creditors due within oneyear (113,169) - (113,169)
657,068 254,378 911,446
Prioryear Unrestricted Restricted Total
funds funds funds
2022 2022 2022
£ £ £
Tangible fixed assets 73,400 - 73,400
Current assets 715,824 253,903 969,727
Creditors due within oneyear (197,777) - (197,777)
591,447 253,903 845,350
18. Reconciliation of net movement in funds to netcash flowfrom operating activities
2023 2022
£ £
Net (expenditure)/income forthe year
(as per Statement of Financial Activities) 66,095 (147,964)
Adjustment for:
Interest receivable (13,864) (452)
Depreciation charges 25,854 27,291
Decrease/(increase) in stocks (10,294) 9,689
Decrease/(increase) in debtors (17,096) 28,705
(Decrease)/increase in creditors (84,607) (29,540)
Net cash provided by/(used in) operating activities (33,912) (112,271)
19. Analysis ofcash and cash equivalents
2023 2022
£ £
Treasury reserve
Cash in hand		 500,000
364,876		 -
888,617
Total 864,876 888,617

-24-

Christians in Sport (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st August 2023

20. Operating lease commitments

At 31st August 2023 the total of the Charity's future minimum lease payments under non-cancellable operating leases was:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2023|2022| |£|£| |Amounts|payable:| |Within|1|year|55,267|55,267| |Between|1|and|5|years|96,151|151,418| |Total|151,418|206,685|

----- End of picture text -----

21. +Related party transactions

During the year there were related party transactions as follows:-

22. Statement of financial activities — prior year

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |2022|2022|2022| |£|£|£| |Income|from:| |Donations|and|legacies| |-|Government|grants|receivable|295|-|295| |-|Other donations|and|legacies|1,238,675|270,684|1,509,359| |Charitable|activities|343,818|1,560|345,378| |Investments|452|-|452| |Total|income|1,583,240|272,244|1,855,484| |Expenditure|on:| |Charitable|activities|1,748,431|255,017|2,003,448| |Total|expenditure|1,748,431|255,017|2,003,448| |Net|income/(expenditure)|(165,191)|17,227|(147,964)| |Reconciliation|of funds:| |Total|funds|brought forward|756,638|236,676|993,314| |Total funds|carried|forward|591,447|253,903|845,350|

----- End of picture text -----

«25-