Chrfstlan8 In Sport (A company limlted by guarantee) Charity Regl8tratlon No: 1086570 Company Regl8tratlon No- 4146081 Flnanclal 8tat?m•nts for tho year ended 318t August 2024 Wenn Town80nd Chartered Accountants Oxford
Chrfstlan8 in Sport (A company limltod by guarantse) Contents Reference and administrative details Report of the trustees Report of the independant auditor 10-12 Statement of financial actlvities 13 Balance sheet 14 ststement of cash flows 15 Notes to the financial statements 16-27
Chrlstlan8 In Sport (A company limited by guarantee) Referon¢o and Admini8tratfve Detalls Trustees: Mr M Beeby Mr M R Bennett Mrs L Chadwick Mr C C Lion-cachet Mr J E Robson Mrs E J Watson Executlvo Dlrectorn: Mr D G Daniels Mr K Proctor Company Secretary: Mr T Beaumont Reg18tsr8d offlco: Frampton House Unit D1, Telford Road Industrlal Estate Bicester Oxon OX26 4LD Charlty r•g16tratlon numborn: Company regl8tratlon numbor: 1086570 and SC045299 4146081 Sollcltorn: Keelys LLP 28 Dam Street Lichfield Staffordshlre WS13 6AA Banker8: National Westmlnster Bank plc 12 The Broadway Southgate London N14 6PL Independent audltor: L J Baker FCA Wenn Townsend 30 St Giles Oxford OX13LE
Christlans in Sport (A company limited by guarantee) Tru8tees' roport on the accounts for the year &nded 31st August 2024 The Trustees present their annual report together with the audited financial statements for the year 1st September 2023 to 31 st August 2024. The Trustees confinn that the Annual Report and financial ststements of the company comply with the cUrnt 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 Directorfs Report) Regulations 2013 is not required. STRUCTURE, GOVERNANCE AND MANAGEMENT The Trustees who sepied the company during the period werè as follows.. Mr M R Bennett Mrs S K Creedy (resigned 7 December 2023) Mr C C Lion-cachet Mr J E Robson Mrs E J Watson Mrs L Chadwick (appointed 7 December 2023) Mr M Beeby (appointed 7 December 2023) 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: SC045299. 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 e1ve month plan including objects-ves 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 governan documents. The Trustees approve the salary parameters for the enti 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 govemance, 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 Understsnding. 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.
Chrfstlans In Sport (A company limited by guarantee> Trustees. report on the accounts (contlnued) for th• year ended 318t August 2024 OBJECTIVES AND ACTIVITIES Activities for achieving objectlve8 The mission ststement of Christians in Sport is to 'reach the world of sport for Christ, flowing frotn the objects expressed in the Trust Deed when the charity was set up in 1980. IAfjthin the original Trust Deed, the object of the charity is the advancement of the Christian religion among people in sport and, in furtheran of the above object but not further or otherwise, the Trustees shall have the following powers.. To proclaim the Christian message of salvation to sportspeople and others involved in various aspects of sport. b) To provide Christian teaching for, and to strengthen the faith of, Christians already involved in sport. b) To help and encourage Christians in sport to share their faith with other people in sport and in society generally. d) To help and encourage Christians in sport to show their faith by relieving poverty, advancing education and providing recreational facilities for those in need. Strateglc Plannlng In September 2023, the Board commenced a three year strategic plan entitled 'Game Plan 6 '(GP6) with the core mission of 'reaching the world of sport for Christ'remaining unchanged. We pray that 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 partners as we position ourselves more effectively. Three prioritles and nine actions are outlined below. Prforlty A: 175 UK projects engaglng 8POrt8people wlth the Chrl8tlan falth Action 1: Action 2: Action 3.. Deliver 125 UK projects through core activities 50 projects engaging sportspeople across a broader socio economic demographic Equip 1,000 leaders for the UK projects of Actions 1 & 2 Prlorlty A new global collectlve Impact project engaglng 8POrtspeople wlth tho Chrlstlan falth Action 4.. Action 5.. Action 6: Equip 1,500 leaders through developmental pathways to grow ministry globally Support partners in 30 countries reaching competitive and elite sportspeople Establish a new collective impact project of leading sports mission agencies working together towards goals in professional and elite sport across the world Prlorlty C: Enabled by resources, partnorn and effective operatlons Action 7: Action 8: Action 9.. Deliver relevant resources for UK and Global priorities Grow the number of partners committed to praying and supporting the work financially Enable the work through effective operations and good govemance
Christians in Sport (A company limlted by guarantee) Trustees, report on the accounts (contlnued) for the year onded 318t August 2024 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 rt 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. ACHIEVEMENTS AND PERFORMANCE Prlorlty A . 175 UK Projects •ngaglng sportspeople wlth the Chrfstlan falth Each of the projects in Priority A reaches sportspeople with the Christian message, equips Christians in sport to live out their faith in their sporting context as well as finding and enabling the leaders of today and tomorrow to sep4e. Many thousands have been reached and engaged this year within the 126 projects of our three year tsrget of 175 for which we thank God. Dellv•r 125 UK projects through core actlvltios This is our 'bread and butterf and what we're best known for in the UK. delivered 106 projects over the course of the year across the range of the competitive amateur to professional sporting missional contexts. This range of projects is understood by three exarnples. Sports Camps: 232 young people attended Repton Sports Plus; one of eight resldential camps delivered across the Summer of 2024, including one new camp in Giggleswick. Action 1: Groups and Netsvorks.. The Edinburgh University student group met weekly during term titne to pray for teammates and organised three guest events attended by 143 guests. 88 such groups or similar regional networks exist throughout the UK. Elite Sport.. 45 group bible studies were delivered throughout the year to top level global track and field athletes, both digitally and in person at Diamond League events. Aggregate attendance increased by 800/0 compared to 2023. In the last year we have supported over 150 professional sportspeople in 10 other cohorts including football, rugby, tennis and rowing. Thousands of competitive and elite sportspeople engaged in these 106 projects and over the course of the year we collected quantitive and qualitative indicative feedback as to the missional impact of the work. One evidence source was a survey of christs.an student sportspeople. The vast majority were prayerful and had shared their faith with team mates. One in three had taken a friend to church and one in five had read the Bible with a team mate during the year. We have also seen high levels of attendance at evangelistic events, wrth two thirds of attendees being guests. We are thankful to God for the thousands of attendees at our events, missions and residential sports camps. Prayer is the backbone for mission. This year there have been over 1,500 prayer meetings asking God to work in the lives of competitive amateur and professional sportspeople as Christians throughout sport seek, by faith, to live authentic Christian lives. Actlon 2: 50 projects engaglng sport8people across a broader soclo economic demographlc Vile are currently in the 'stsrt up. phase seeking to develop models engaging sportspeople within areas of deprivation that are sustainable and scaleable. Schools have been a dominant focus area in these early stages seeking to develop an integrated funnel approach e.g. from lesson to after school club or football development day alongside the right church based partners for long term holistic care. 20 projects out ofthe target 50 have been worked on alongside 23 partners. Engagement around the Euros and Olympics was high and gives a strong platform to build upon alongside the urgency to explore alternatives. 4,000 young people have been a part of these pilot projects to date.
Chrlstlans In Sport (A company limited by guarantee) Trustees, report on the accounts {contlnuod> for the year ended 31st August 2024 Actlon 3: Equip 1,00018ader8 for th• UK projects of Action8 1 & 2 811 volunteers have led the 106 UK projects described in Action 1. Training was delivered in multiple of ways from in person conferences and training events. on mission together experiences, through to digital learning platforms alongside in person coaching and mentoring. There has been encouraging growth in the number of leaders serving across all contexts from Sports Plus through to regional NebNorks and University Groups. Prlorlty A now global collectlve Impact project engaglng 8port8people wlth the Chrl8tlan falth Actlon 4: Equlp 1,500 leaders through developm•ntsl pathways to grow mlnlstry globally 105 partners from 45 countries piloted and designed pathways for leaders and mentors to grow indigenous ministries throughout the world to athletes and coaches in both the competitive amateur and professional sporting contexts. These pathways were launched at a Conferen in Malta to a group of 76 highly selected leaders from 36 nations. They have been subsequently profiled more widely through 8 global digital launch of 1,655 watch parties with registrations across 148 countries and 874 cities worldwide. The work continues to track impact as the delivery is decentralised and often offline. Aetlon 5.. Support partner8 In 30 countr1•8 reachlng compotltlve and ellto sportspeople IM)Ilst we engage with leaders in significantly more than 30 countries we invest more deeply in the mlnlstries of selected partners reaching competitive and elite sportspeople alongside the intentionality to find and train future leaders to keep growing and sustaining this indigenous work. Partners range from national ministries particularfy within Europe through to others worklng in more difficult missional contexts e.g. Middle East. Our support can range from financial seed funding, sharing best practice and resources through to more in depth coaching and mentoring. We are very thankful for strong partnerships with many ministries based on, at times, decades of relationship. At the same time we continue to play our part within several global netsvorks facilitating best practice and shared learning. Actlon 6: Establlsh a new collectlve Impact project of leadlng sports ml8slon agen¢le8 worklng together towards goal8 in professlonal and ellte sport acro88 the world Ive facilitated a project, delivered by Eido Research, on behalfofa number of global partners. The project aimed to research and map the global landscape of professional and elite sports, along with associated ministry activities, by country and sport. The process involved extensive desk research complemented by a quanttstive and qualitative survey that garnered participation from 235 partners across 88 countries who work in this specific context across the world. 13 sports were identified as the most significant globally and ministry engagement was mapped by country to each of these sports. The research identified 2,555 professional sportspeople engaged in 'discipleship' activities including e.g. bible study groups with other athletes. The research has provided the business case that a new approach is required based both on the feedback from the 235 partners alongside the evidence that we are only beginning to tap into the vast potential of the mission fields available in professional and elite sports. There are many contexts where nothing or very little is known, therefore creating new exciting opportunities. One of the key partners in this research phase is prepared to move this project into an actionable plan and carry the weight of a global vision which makes it a very exciting period ahead.
Chrlstlans In Sport (A company limited by guarantee) Trustees. report on the accounts (continued) for the year ended 31st August 2024 Priority C: Enabled by resource8, partners and effectiv8 op&ratlons Actlon 7: Deliver relèvant resources for UK and global prioriti88 Digitally our content has perfomed consistently well throughout the year being viewed close to 4 million times across our platforms. Content 'engagement' (tangible interactions such as shares, comments etc> increased by 50 /0 in the year. Over the year the team delivered 40 main videos, 105 short films, 30 blogs, 11 podcasts, weekly devotional materials alongside all training content prepared for the global launch referred to in Action 4. Our content is consistently used in other Christian media agencies and platforms as they profile sport and faith e.g. we guest edited Christianity Magazine to coincide with the Olympics. Other resources were also prepared for an Eric Liddell project to remember the 100 year anniversary of his performances in the 1924 Paris Games encapsulated in the film 'Chariots of Fire,. We partnered with All Souls Music in the delivery of Prom Praise at the Royal Albert Hall with not only a full auditorium but over 100k live stream views as well as in-print resources published by 1 Oofthose which sold 80,000 copies. We also prepared a sports mission pack for churches and partners including films and an array of resources to use. We have received excellent feedback as they used the breadth of resources extensively in the UK as well as further afield. We also delivered the 2024 Keswick Lecture on the life of Eric Liddell. It was a strong year engaging with the natlonal and Christian press across a range of themes making 81 medla appearances compared to 33 last year. Grow the number ol partner8 commlttod to praylng and 8UPPOrtlng the work flnancially Action 8: Financial Partners: Donations fell as reported in the fi'nancial review. However the number of partners who gave financially this year actually increased mostly through one ofgifts. The shifting nature of giving away from regular committed towards one offs was repeated this year. This trend was evidenced most in our 'Game On, campaign were we sought 200 responses and weived 283. 750/0 of these responses were one off gifts with 250kn regular stsnding orders. INe are very thankful to those God raises up to enable the work and in the coming year will give focus so partners clearly understand the need for regular support in delivering activities. Prayer Partners: As reported elsewhere there have been over 1,500 prayer meetings, mostly in person, over the course of the year. 2,256 partners are subscribed to our weekly prayer dlary, an increase of 1 Ook over the year. Actlon 9: Enable the work through effectlve operatlon8 and good governanco We continue an attitude to learn and improve to ensure our work Is delivered as professionally, effectively and efficiently as possible across all areas of our work from events management through to partner engagement and robust governance. Given our range of operations and the shift in technological advances we are planning towards a new platform to better support both our mission and partner offer and further deliver greater products'vity for the thousands of stakeholders we engage with each year. The Risk Committee met throughout the year to deliver on the Board memorandum of understanding to refine policy and ensure it is well applied in practice.
Chrlstlans In Sport IA company limitsd by guarant•o} Tru8tee8' report on the accounts {continued) for th• y•ar ended 31st August 2024 FINANCIAL REVIEW Income from donatlons and legacles Total funds held by the charity at 31st August 2024 amounted to £1,007k (2023.. £911k), of which £274k was restricted funds and £733k in unrestricted funds. £44k is held in tangible fixed assets. Unrestricted donations decreased by 11 % in the year due to an exceptional one off donation received in 2023 not being repeated in 2024. Stripping out this donation the remaining value of donations held virtually identical compared to 2023 levels. One positive aspect was that the total number of donors increased compared to 2023 whilst a noted trend was that the average gift size fell and there was a continued shift away from regular giving towards one off gifts. The accounts show restricted income of £285k, most being for international projects with £279k spent in the year in alignment with the purposes for which it was given. Charitable activity increased in 2024 with growth in training events and records numbers at our Sports Plus camps. The was a deficit of £20k on our unrestricted events absorbed into our budget 8s a result of the growing numbers of bursaries. The deficit on restricted activities was due to the delivery of one significant global and one European training conference with balances held over from 2023 to fund these events. Balanco 8h•et Total funds increased from £911k to £1,007k with a gain of £96k for the year. Fixed assets, debtors and stocks were consistent with 2023. Cash balances increased to hold higher reserve balances in preparation for to up to three years of forecasted deficits. The value of creditors increased by £132k in the year due to Summer camp invoices paid after the year end date. Re8erv88 Guidelines regarding reserves aim for a mlnlmum of th months of expenditure on salarles 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 £689k. This additional surplus is Important as we anticipate up to three years of deficit as we work to recover a fall In Income from major donors unable to give at historic levels. Golng 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 resepies held for the charity to be able to continue as a going concem. Fundra181ng dl8c108ure 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 thatwe make any undue or unreasonable requests forfunding from any of our donors, who are regarded as valuable partners in the charity's work.
Chrlstlans In Sport (A company Ilmited by guarantee) Trustsos, report on the accounts {¢ontlnued> for the year ended 31st August 2024 PLANS FOR THE FUTURE In September 2023 we commenced Game Plan 6 (GP6) as a three-year strategic plan. Given the significant progress this year towards the global outcomes outlined in Priority B, GP6 will now run as a bwtryear plan to finish in August 2025 with GP7 brought forward to start in September 2025. All priorities and actions will remain exactly the same for the coming year, although we have recalibrated our goals in actions 1 and 2 commensurate with a 2-year plan. Prlorlty A . 150 UK Projects èngaglng sportspeople wlth tho Chrlstlan falth Action 1: Action 2: Action 3: Deliver 110 UK projects through core activities 40 projects engaging sportspeople across a broader socio economic demographic Equip 1,000 leaders for the UK projects of Actions 1 & 2 Prlorlty B: A new global collectlv• Impact project engaglng sport8p•opl• wlth th• Chrlstlan falth Action 4: Equip 1,500 leaders through developmental pathways to grow ministry globally Action S: Support partners in 30 countries reaching competitive and elite sportspeople Actlon 6: Establish a new collective impact project of leading sports mission agencies working together towards goals in professional and elite sport across the world Prlorlty C: Enablod by r080urce8, partn•r8 and offectlve operatlons 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
Chrlstlans In Sport (A company limited by guaranto81 Trusteos, report on the accounts Icontlnued) for the year onded 31st August 2024 Trusts88' responsibilitie8 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: select suitable accounting policies and then apply them consistently., obsen/e the methods and principles in the Charities SORP 2019 (FRS 1021,, make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 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.. there is no relevant audit information of which the charitable company's auditor is unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. This report was approved by the Trustees on1314 .QGe.*ty•... 2024 and signed on their behalf by; Mr C C Llon-ca et
Christians in Sport (A company limited by guarantee) Independent Auditofs Report to the Trusteès of Chrlstians in Sport Oplnion We have audited the financial ststements of Christians in Sport {the 'charitsble company,) for the year ended 31 st August 2024 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 fi'nancial reporb'ng 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: give a true and fair view of the stste of the charitable company's affairs as at 31st August 2024, and of its incoming resources and applicats'on of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared In accordance with the requirements of the Charities Act 2011. Ba8ls for oplnlon 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 Auditorfs 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 ststements 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 18 sufficient and appropriate to provide a basis for our opinion. Conclu8lons relatlng to golng concorn 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 perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitsble 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 Infonnatlon 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 otheprfrfise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other Information and, in dolng so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the counse of the audit or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are qUired to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatsment of this other information, we are required to report that fact. Vle have nothing to report in this regard. 10-
Chrlstlans In Sport (A company limited by guarant•o) Independent Auditor's Rèport (contlnued) to the Trustees of Chrfstians in Sport Matters on which we are required to report by oxceptlon 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 information given in the financial statements is inconsistent in any material respect with the trustees, report; or the charitable company has not kept adequate accounting records,. or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Rosponslbllltle8 of tru8toe8 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 fi'nancial 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 rnaterial misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's abllity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either Intend to liquidate the charitable company or to cease operations, or have no reallstlc alternatlve but to do so. Audltor'8 re8pon81bllltles for the audlt of the flnancial 8tat•m•nts 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. 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.ukJauditorsresponsibilities. This description forms part of our auditorfs report. Irregularities, including fraud, are instances of non4ompliance 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: Enquiry of management, those charged with governance and the entity's solicitors around actual and potents'al litigation and claims; Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations., Reviewing minutes of meetings of those charged with governance., Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations., Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. 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 fi'nancial 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 nonoompliance. 11
Chri8tians in Sport IA company limited by guarantoe) Indopondent Auditor'8 Report (continued) to the Tru8te68 of Chrfstlans In Sport The risk is also gater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentstion. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or condits'ons may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view). INe communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we idents'fy during our audit. U60 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 Senlor Statutory Audltor For and on behalf of W•nn Townsend statutory Auditor Oxford ISè4 . 2024 Wenn Townsend is eligible to act as an auditor in tem7s of section 1212 of the Companies Act 2006. 12-
Chrlstlans In Sport (A company limited by guaranto0) Statement of Flnanclal Activities (Incorporatlng Income and Expendituro Account) for th8 year ended 318t August 2024 Unrestrlcted fund8 2024 Restrictsd fund8 2024 Total funds 2024 Total funds 2023 Income from: Donatlons and legacles other donats'ons and legacies 1,360,838 284,633 1,645,469 1,787,374 Charitable activities 435,354 25,054 460,408 349,763 Investment8 20,014 20,014 13,864 Total Incom• 1,818,204 309,687 2,125,891 2,151,001 Expendlture on: Charitable activities 1,740,365 289,737 2,030,102 2,084,905 Total expendlture 1,740,365 289,737 2,030,102 2,084,905 Net Incomel(expendlture) 75,839 19,950 95,789 66,096 Reconclllatlon of funds: Total funds brought forward 657,068 254,378 911,446 845,350 Total fund8 carrlod forward 732,907 274,328 1,007,235 911,446 The notes on pages 16 to 27 form part of these accounts 13-
Chr18tlans In Sport (A company limited by guarantse) Balance sheet At 318t August 2024 Note 2024 2023 Flxed as8et8 Tangible assets 12 43,659 51,239 Current assets Stocks Debtors Treasury reserve Cash at bank and in hand 13 14 12,488 97,632 500,000 598,334 16,334 92,166 500,000 364,876 1,204,749 973,376 Crodltors: amounts falling due within one year 15 (244,878) (113,169) Net current a88et8 963,576 860,207 Net a88ets 1,007,235 911,446 Charlty fund8 Restricted funds Unrestricted funds 17 17 274,328 732,907 254,378 657,068 Totsl fund8 1,007,235 911,446 The company's financial statements have been prepared in accordance with the provisions applicable to companles subject to the small compani8s' regime. The financial statements were approved and authorised for issue by the Trustees on . slgned on their behalf by: 4kn . 2024 and r C C Llon-cacly The notes on pagos 16 to 27 fomi part of these accounts 14-
Chrlsllans In Sport (A company Ilmltod by guarantse) Statement of Cash Flow8 for the year ended 31st August 2024 Not• 2024 2023 Net cash flow from operatlng actlvltl08 217,313 {33,912) Cash flow from Inv08tlng actlvltlo8 Purchase of tangible fixed assets Interest received {3,869) 20,014 (3,693) 13,864 Not ca8h used In Investlng actlvltle8 16,145 10,171 Ca8h and ea8h oqulvalents brought forward 864,876 888,617 Cash and ca8h equlvalents carrled forward 1,098,334 864,876 Cash and cash equlvalents conslst of: Treasury SerVe Cash at bank and in hand 500,000 598,334 500,000 364,876 The notes on pages 16 to 27 form part of these accounts 15-
Christians In Sport (A company Ilmlted by guarantso) Nots8 to the accounts for the year •nded 31st August 2024 Accountlng pollcles General Inforniation 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 detsils of the principal activities are set out in the Trustees Annual Report. b) Basls 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 accordan with the Financial Reporting Standard applicable in the UKand Republic of Ireland (FRS 102) (issued October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102) and the Companies Act 2006. Christians in Sport meets the definrtion of a public benefit entlty under FRS 102. Assets and Ilabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 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 ofthe company being wound up, the liability in respect ofthe guarantee is limited to £1 per member of the company. d) Golng concern The financial statements have been prepared on a golng 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 charty to be able to continue as a going concern. Income All income is recognised once the company has entitlement to the income, it is probable that the incofne 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 whlch 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, IAlhere 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 conts"ngent 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 reliabty. On receipt, donated professional ServIS 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. 16-
Christians in Sport (A company limited by guarantse) Notes to the accounts {contlnued) for the year ended 31st August 2024 Accounting policies (continued) Income (contlnued 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. Expèndlturo 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 th8 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 attributsble 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. Govemance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. g) Tanglble flxed assets and depreclatlon All assets costing more than £1,000 are capitalised. A review for impairment of a fixed asset is carried out rf events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls bebNeen 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 thelr estimated residual value, over their expected useful lives on the following bases.. Leasehold improvements Motor vehicles Computer equipment Timeshare propety Over 6 years 250/0 Straight line 25 % Straight line Straight line over the duration of the leases {75-78 years) h) Interest recelvable 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) Operatlng 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. i) stock8 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. 17-
Christian8 in Sport (A company Ilmlted by guarantee) Notes to the accounts (contlnued) for the year ended 31st August 2024 Accounting policies (contlnued) i) Cash at bank and in hand Cast at bank and in hand includes cash and short term hiqhly liquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. m) Llabllltles and provislons 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. Liabilrties 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. Flnanclal 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 setuement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. o) Forelgn currencl86 Monetary assets and liabilities denominated in foreign currencies are translatsd into sterling at rates of exchange ruling at the balance sheet date. Transactions In foreign currencies are translated into sterling at th8 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) Pon8lon8 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 accountlng General funds are unrestricted funds whlch are available for use at the dlscretlon of the Trustees in furtherance of the general objectlves 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. rl Crltical accounting estlmatos 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 cirCumstans. Critical accounting estimates and assumptions.. The company makes estimates and assumptions conceming 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). 18-
Chrfstlans In Sport (A company Ilmlted by guarantee) Notes to the accounts (conllnued) forthe year ended 31st August 2024 Income from donalion8 and legacl Unre8trict8d fund8 2024 R•strfcted funds 2024 Total funds 2024 Total funds 2023 Other donations and legacies 1,360.836 284,633 1,645,469 1,787,374 1,360,836 284,633 1,645,469 1,787,374 3a) Income from charltable actfviti Unr88trfcted fund8 2024 Restrlcted funds 2024 Total funds 2024 Total lunds 2023 Sales revenue Activities income 11,561 423,793 11,561 444,985 12,904 3.859 21,192 435,354 21,192 456,546 349,763 3b) Fundra181ng Income Unrestrlcted funds 2024 Re8trlcted funds 2024 Totsl funds 2024 Total funds 2023 Generated income (sponsorship) 3,862 3,862 Inve8lment Incomè Unrn8trlct•d funds 2024 Restrlctod funds 2024 T¢)tal funds 2024 Total funds 2023 Bank interest receivable 20,014 20,014 13,864 19-
Christians in Sport (A company limited by guarantee) Notes to the accounts (continued) for the year ended 31st August 2024 5. Charltable activities Provlsion of Provlslon of charftable charltable Aclivitiés Actlvlti•s activities activltles oxp•ndlture expendlture (unrestricted) (restrlcted) {unrestrlcted) (restricted) 2024 2024 2024 2024 Total 2024 Total 2023 Dlrect costs: Purchases SCUKISMUK Activities expenditure Internship expenditure staff costs INages and salaries National insurance & tax Pension costs 6,239 779 724 6,963 779 617,213 252 16,442 860,655 82,005 94,595 8,516 912 567,004 37,283 20,845 850,235 86,147 84,886 443,413 173,800 252 15,861 786,624 75,777 86,183 581 74,031 6,228 8,412 Support costs (nots 6) Govemance costs (noto 7) 317,077 8,160 25,961 343,038 8,160 421,637 7,440 1,296,952 115,939 443,413 173,800 2,030,102 2,084,905 6. Support Costs Provlslon of Provl8lon of charltablo charftable activltle8 actlvltl88 {unr08trlcted) (re8tr1cted) 2024 2024 Provislon of Provlslon of charltsblo charltable actlvltlea actlvlt108 Totsl (unrestrlcted) {re8trfctsd) 2024 2023 2023 Total 2023 Travel Entertaining Commslmarketing CRM & camp management Direct running costs (premises and insurance) Printing, postage & stab'onery Legal & prof {& consultancy) Projects Bank charges Depreciation 72,049 11,549 83,598 66,613 5,627 90,759 19,443 2,529 69,142 5,627 94,456 19,443 75,523 23,226 735 76,258 23,226 3,697 108,814 7,112 9,908 155 8,841 11,449 1,996 21 10,365 241 1,054 110,810 7,133 20,273 396 9,895 11,449 124,928 8,428 14,896 32,044 6,766 25,854 39 40 5,254 14,611 109 124,967 8,468 20,150 46,655 6,875 25,854 317,077 25,961 343,038 395,358 26,279 421,637 -20-
Chrfstlans In Sport IA company Ilmlted by guarantso) Notes to the accounts (continued) for the year ended 31st August 2024 Govamance costs Unrestricted Restricted Fund8 Fund8 2024 2024 Totsl Unrestrlcted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Auditor's remuneration 8,160 8,160 7,440 7,440 8,160 8,160 7,440 7,440 Analys18 of expendlture by 6xp8ndlturè typ8 Current y•ar Staff c08ts Dopreclatlon 2024 2024 other costs 2024 Total 2024 Costs of generating funds Provision of charitable activities Activities expenditure 155 355,870 617,213 155 1,404,574 617,213 1,037,255 11,449 Charltablo actlvltles 1,037,255 11,449 973,238 2,021,942 Expondlturo on govornance 8,160 8.160 1,037,255 11,449 981,398 2,030.102 Prlor year Staff c06ts Depreclatlon 2023 2023 Other co8t8 2023 Total 2023 Costs of generating funds Provision of charitable activiti88 Actlvitles expendlture 28,744 434,595 567,004 28,744 1,481,717 567,004 1,021,268 25,854 Charltable actlvltlos 1,021,268 25,854 1,030,343 2,077,465 Expendlturo on governance 7,440 7,440 1,021,268 25,854 1,037,783 2,084,905 Net incomel(expendituro) This is ststed after charging- 2024 2023 Depreciation of tangible fixed assets: Owned by the charity Auditor's remuneration - audit Operating lease rentals 11,449 8,160 57,087 25,854 7,440 57,087 21
Chrlstlans In Sport (A Company Ilmited by guarantee) Notes to the accounts (Continued) for the year ended 31st August 2024 10. Auditor's remuneration The auditor's remuneration Smounts to an audit fee of £8,160 (2023.. £7,440) and accountancy feas of £4,691 (2023.. £4,102). 11. Staff costs staff costs were as follows: 2024 2023 Wages and salaries Social security costs Other pension costs 860,655 82,005 94,595 852,990 81,927 86.351 1,037,255 1,021,268 The average number of persons employed by the company during the year was as follows: 2024 No 2023 No No of staff on payroll 34 31 Average headcount expressed as a full-time equivalent.. Outreach ministries Administration 13 12 12 12 25 24 In the band £60,001- £70,000 Key management personnel received remuneration of £280,207 (2023: £285,923). The charity relies on the contribution of unpald volunteers and is extremely grateful for their continuing support to the charity in helping them achleve their mission objectives. The nature of the contribution of unpald volunteers involves actlng as leaders and other assistance for summer camps. Aggregate compensation includes national insurance and pension contributions. During the year, no Trustees received any remuneration {2023.' £Nil). During the year, no Trustees received any benefits in kind {2023: £Nil). During the year, one Trustees ceiVed reimbursement of expenses of £72 (2023: £Nil). -22-
Chrlstlans In Sport (A company limited by guaranteo) Notes to the accounts {contlnued) for the year ended 31st August 2024 12. Tangible fixed assets Improvements to leasehold Other plant machinery Total Cost At 1st September 2023 Additions Disposals 60,019 231,673 3,869 291,692 3,869 At 31st August 2024 60,019 235,542 295,561 Depreclatlon At 1st September 2023 Charge for the year Eliminated on disposal 60,019 180,434 11,449 240,453 11,449 At 31st August 2024 60,019 191,883 251,902 Net book value At 31st August 2024 43,659 43,659 At 31st August 2023 51,239 51,239 13. Stocks 2024 2023 Finished goods and goods for resale 12,488 16.334 14. Debtorn 2024 2023 Trade debtors Income tax recoverable Rent deposit Prepayments and accrued income Other debtors 16,676 23,937 19,094 37,265 660 15,495 21,049 19,094 31,432 5,096 97,632 92,166 15. Credltor8: Amounts falllng due wlthln one year 2024 2023 Trade creditors Other creditor other taxation and social security & pay Accruals and deferred income 213,670 1,068 18,483 11.657 33,872 43,308 19,248 16,741 244,878 113.169 -23-
Chrfstian8 in Sport (A company limited by guarantse) Notss to th• accounts (contlnued) for the year ended 318t August 2024 16. Statement of funds Currnnt year Balanco at 1st September 2023 Balanc• at 31st August 2024 Incom• Expondlture Transfern Unre8trlcted fund8 General funds- all funds 657,068 1.816,204 (1,740,365) 732,907 Rtrf¢ted funds International Kim um-yong Demographic Project Sports Plus Bursary Fund Impact Reporting Framework staff Support Fund 246,203 235,477 10,000 50,000 14,210 (220,446) {1,513) (45,393) (14,210) (7,934) (241) 261,234 8,487 4,607 7.934 241 254,378 309,687 (289,737) 274,328 Total of funds 911,446 2,125.891 (2,030,102) 1,007,235 Prlor year Balance at 1st September 2022 Balance at 31st August 2023 Income Expendlture Transfer8 Unr68trlcted funds General funds- all funds 591,447 1,871,604 (1,805.983) 657,068 Re8trlcted funds Internats-onal Kim um-yong Sports Plus Bursary Fund Impact Reporting Framework Staff Support Fund 225,863 264,566 5,000 9,831 (244,226) (5,000) (9,831) (5,254) (14.611) 246,203 13,188 14,852 7,934 241 253,903 279,397 (278,922) 254,378 Total of funds 845,350 2,151.001 {2.084,905) 911,446 -24-
Chrfstian8 In Sport IA company limited by guarantse) Notes to the accounts (contlnued) for the year ended 31st August 2024 16. ststomont of funds (contlnuod) International is money towards travel, meetings and conferences throughout the world wrth a particular focus on Europe. Intemats'onal Creative Media 18 restricted to funding for the production of videos and resources for the Intemational Sports Coalition Conferences. Impact Reportlng Framework donation Is money given towards Implementing a reporting framework to track the impact of our activities across Europe, including the UK. Stsff Support Fund is money received for the discretionary support of staffing needs. Summary of fund8- current year Balanc8 at 18t September 2023 Balance at 31st Augu8t 2024 Income Expendlture Tran8for8 General funds Restricted funds 657,068 254,378 1,816,204 309,687 (1,740,365) (289,737) 732,907 274,328 911,446 2.125,891 (2,030,102) 1,007,235 Summary of fund8 - prlor year Balance at 1st S8pt8mber 2022 Balancè at 318t August 2023 Incomo Expondlture Tran8fern General funds Restricted funds 591,447 253,903 1,871,604 279,397 (1,805,983) (278,922) 657,068 254,378 845,350 2,151,001 (2,084,905) 911,446 -25-
Chrfstlans In Sport (A company Ilmlted by guarantee) Notss to the accounts (contlnued) for the year ended 31st August 2024 17. Analysls of net assets between funds Current year Unrestricted funds 2024 Restrlctsd funds 2024 Total fund8 2024 Tangible fixed assets Current assets Credrtors due within one year 43,659 934,126 (244,878) 43,659 1,208,454 {244,878) 284,328 732,907 284,328 1,007,235 Prfor year Unr08trlcted fvnds 2023 Re8trlcted funds 2023 Totsl funds 2023 Tangible fixed assets Current assets Creditors due within one year 51,239 718,998 (113,169) 51.239 973,376 (113,169) 254,378 657,068 254,378 911,446 18. Reconclllatlon of net movement In fund8 to not cash flow from operatlng actlvltle8 2024 2023 Net (expenditure)lincome for the year (as per Statement of Financial Activities) 95,789 66,095 Adjustment for: Interest receivable Depreciation charges Decreasel(increase) in stocks Decreasel(increase) in debtors {Decrease)lincrease in creditors {20,014) 11,449 3,846 (5,466) 131,709 (13,864) 25,854 (10,294) (17,096) (84,607) Net cash provldod byl<used In) operatlng actlvltles 217,313 (33,912) 19. Analys18 of cash and cash •qulvalents 2024 2023 Treasury reserve Cash in hand 500,000 598,334 500,000 364,876 Total 1,098,334 864,876 -26-
Chrlstlans In Sport (A company Ilmlted by guarantee) Notes to tho accounts {contlnued) for the year ended 318t Augu8t 2024 20. Operatlng leaso commitments At 31st August 2024 the total of the Charity's future minimum lease payments under non-cancellable operating leases was: 2024 2023 Amounts payable: Within 1 year Bet4veen 1 and 5 years 55,267 40,884 55.267 96,151 Total 96,151 151,418 21. Relatsd party tran8actlon8 During the year there were related party transactions as follows.'_ A salary was paid to two close family member8 of senior management amountlng to £55,552 (2023: £54,677). Donations totalling £21,687 (2023.. £30,855) were reiVed from other related parties. Donations received into Cis INC. amounting to £3,705 (2023: £nil). 22. Statemont of flnanclal actlvltle8- prlor year Total Unrestrf¢ted fund8 fund8 2023 2023 R08trlcted fund8 2023 Income from.. Donations and legacies Other donations and legacies 2 1,528,454 258,920 1,787,374 Charitable activities 329,288 20,477 349,763 Investments 13,864 13,864 Totsl Incom• 1,871,604 279,397 2,151,001 Expendlturo on: Charitable activities 1.805,983 278,922 2,084,905 Totsl expendlture 1,805,983 278,922 2,084,905 Net Incomel{expendlture) 65,621 475 66,096 Reconclllatlon of funds: Total funds brought forward 591,447 253,903 845,350 Total funds carried forward 657,068 254,378 911,446 -27-