The 948 Sports Foundation
la company limited by guarantee)
Unaudited
Trustees, report and Financial Statements
st
For the year ertded 31 August 2024
Company Reii5tration Number.. 04270730
Charity Begistration Number.. 1088273
*AD￿6sHT*
1111212024
COMPANIES HOUSE
A17
#145

The 948 Sports Foundation
la company limited by guarantee)
Contents
Reference and Administratlve details of the tharity. its trustees, and
advisors
Trustees Report
Independent Examinerfs Report
Statement of Financial P£tivities
Balance Sheet
Notes to the financial Statements
10-14

The 948 Sports Foundation
la company limited by guarantee)
Reference and Admlnlstrative details of the chari
its Trustee5 and Advise
for the
ear ended 31° A ust 2024
Dlrectors and Trustees
Sandy Bell
Angela Byrne
Robin Hardwick
Paul Brewster
Peter Brown
Kate Barnes (resigned 16 October 20241
David Hughes (resigned 14 April 20241
Sian Brice
Company Reglstrallon Number
04270730
Charlty Reglstratlon Number
1088273
Reclstered Office
160 Harpenden Road
St Albans
Hertfordshire
AL3 688
Company Secretary
Peter Brown
Accountants
Carella Limited
Chartered Accountants
123 Trowley Hill Road
Flamstead
St Albans
Hertfordshire
AL3 8DS
Sollcltors
Farrer & Co
66 Lincoln's Inn Ftelds
London
wt2A 3LH
Bankers
HSBC Bank plc
31 Chequer Street
St Albans
Hertfordshlre
AL13YN
Website
www.the948sportsfoundation.com

The 948 Sports Foundation
la company limited by guarantee)
Trustees Re
ort
ear endi
31Au
For the
2024
The Trustees present their annual report together with the financial statements ofThe 948 Sports Foundation
for the year I September 2023 to 31 Au8USt 2024. The annual report serves the purposes of both a
Trustees. report and a directorfs report under company law. The financial statements have been prepared in
accordance with the accounting policies set out in note 2. The trustees confim that the annual report and
financial statements of the charitable company comply with the Companies Act 2006, the requirements of
the charitable compan¢s governing document and the provisions of account4n8 and reportin8 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 ( FRS102112- edition effective
January 2019 - (Charities SORP I FRS 102)) and the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the 5trate8ic report
required of medium and large companies under the Compan￿5 Act 2th16 {strate8lc report and Directors
Report) regulations 2013 has been omitted.
Objectives and actlvities
a. Polic4e5 and Oblectives.
The 948 Sports Foundation's objectives are:
To advance the education of young persons attending schools, colleges and universities by ensuring
that due attention is given to their physical development and provide facilities to encouraEe
participation by such persons in physlcal recreation and sport.
To further the charitsble purposes of St Albans School.
Such other related charitable purposes a5 the tru5tee5 shall see fit.
In setting objectives and planningfor activltles, the tfustees have given due conslderation lo general guldance
published by the Charlty Commission relating to Public Benefit. including the guidance 'Public Benefit..
Running a charity (P821'
The Trustees consider that the foundation satisfies the Publlc Benefit test by giving young people in the City
and District of St Albans the opportunity to improve iheir participation in sport, and by considerin8 support
for project5 that demonstrate that they are concemed with-
Provision of equlpment or facilittes.
Improved participation through specialist training or other means to achieve excellence.
Activity within a group or team environment.
Applications are welcome from individuals, organisations and educational establishments who are involved
in the organisation and provision of facilities which enable and encoura8e partbcipation by young persons.
b. Strategies for achieving objectives.
The trustee5 invest the ChaTit(s assets with a view to generating income tofund grant payments. The Charity
encourages grant application5 via it5 website and by publicising its activitie5 Within the St Alban5 area.

The 948 Sports Foundation
la company limited by guarantee)
TfUStees Re
For the
earendin
continued
31 Au st Z024
e. Aetlvltles undertaken to achieve oblecllves.
The Trustees continue a programme of quarterly meetings to consider grant applications.
d. Main activldes undertaken to further the charirfs pury>oses lor the publlc benellt.
The Trustees met four times durin8 the year to consider grant applications.
Achievements and performance
The charity awarded 1612023'.211 grants to individuals and 812023'.1118rants to institution5. Grant awards
of £387,145 have been made from coMMen￿Ment to date, of which £15,904 were made in the year to 31*
August 202412023 £18.0211.
Financlal revlew
Going concern
These accounts a￿ prepared on the 80in8 concem basis.
At the tlme of approvlng the financial statements, the tru5tee5 have a reasonable expectation that the
Charitable company has adequate resources to continue in operational existence for the foreseeable
future. Thus. the Trustees continue to adopt the goin8 concern basis of accounting in preparing the
financial 5tatement5.
Reserves Pollcy
The Charity's long-term objective is to fund grant commitment out of investnient income. without drawing
significantly on capital, whist maintaining the original capital of £500,000. The trustees accept that the
stratebry to optimise income exposes capital to de8rees of fluctuation in the value of investments held. The
charity continues to enjoy minimal fixed costs and flexibillty over grants.
Structure, governance, and management
Constltutlon
The 948 Sports Foundation is registered as a charitable company limited by guarantee and was
incorporated on 15 August 21)01.
Methods of appolntment or elertion of ifustees
The management of the charity is the responsibility of the trustees who are elected and c(Fopted under the
charitable companvs Article of A550Ciation.

The 948 Sports Foundation
(a company limited by guarantee)
Tru5tee5 Re
continued
For the
ear endl 31 Au
st 2024
Plan5 for future periods
The 948 Sports Foundation continues to invite applications for grant funding from potential beneficiaries in
the St Albans and District Area. This will be achieved by promoting its presence a5 a grant awardin8
organisation on its website www.the948s
ortsfoundation.
m and through other medla. contacts and
activities.
Statement of Trustees. Responsibilities
The trustees (who are also the dIrert0￿ of the charity for the purposes of company lawl are responsible for
preparing the Trustee's report and the financial statements unless they are satisfied th3t they give a true and
fair view of the state of affairs of the charity and of its incoming resources and applicatlon of resources.
including its income and expenditure, for that period. In preparing these financial ststernents, the trustees
afe required to:
Select sultable accounting pollcles and then apply them consistentlv.
Make judgements and estimates that are reasonable and prudent.
Observe the methods and principles in the Charltles SORP(FRS1021.
State whether appllcable UK Accounting Standards (FRS1021 have been followed, subject to anv
materlal departures disclosed and explained in the financial statements. and
Prepare the financial statements on the 80in8 concern basis unless it is inappropriate to presume
that the Cornpany will continue in business.
The trustees are responsible for keepin8 adequate accounting records that are sufficient to show and explain
the Charl￿S transactions and disclose with reasonable accuracy at any time the financial position of the
charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responslble for safeguarding the asset5 of the charity and hence for taklng reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Tru5tee5 and signed on their behalf by:
S. Bell
Sandy Bell
Chair of Trustees
Date: 26 November 2024

The 948 Sports Foundatkln
la company limited by 8uaranteel
Ind
For the
ndent
amln
ear ended 31 Au
2024
Independent examlnerfs report to the trustees of The 948 sports Foundatton I'the chariv)
I report to the trustees (who are also directors for the purpose of company law> on My exarnination of the
financial statements of The 948 Sports Foundation I'the charitable Companrf) for the year ended 31" August
2024 which comprise the Statement of Financial Activities, the Balan￿ Sheet and related notes.
Th15 report is made solely to the charity's trustee5, as a body, in accordance with section 145 of the Charitles
Act 2011. My work has been undertaken so that I might state to the Chari￿s trustees those matters l am
required to state to them in this respect and for no other purpose. To the fullest extent permitted by law. I
do not accept or assume responsibility to anyone other than the charity and the charitrfs trustees as a bodv,
for my work, for the report, or for the opinions I have formed.
Responsibilities and basis of the report
As the trustee of the charitable company, you are responsible for the preparation of the financial statements
in accordance with the requifement of the Companies Act 20061.the 2006 Acgl.
Havin8 satisfied myself that the financial 5tstements ofthe charitable company are not requlred to be audited
under Part 16 of the Act and are eligible for independent examination. I report in respect of my examination
of the charitable companws financial statements carried out under sectlon 145 of the Charities Act 20111'the
2011 ACYI and in carrying out my examination I have followed all the applicable directions Biven by the
Charity Comrni55ion under sertion 14515) {bl of the 2011 Act.
An independent examination does not involve 8atherin8 all the evidence that would be required in an audit
and consequently does not cover all the matters that art auditor considers in giving their opinion on the
financial statements. The plannin8 and conduct of an audit goes beyond the limited assuran￿ that an
independent examination can provide. Consequeniky. l express no opinion a5 to whether the financial
statements Pfesent a 'tfue and fairf view. and my report 15 limited to those specific matters set out in the
independent examiners sL*ement,
Independent examinerfs statement
I have completed my exarnination. I confirm that no material matters have come to my attentlon In
connection with the examination glvln8 me cav5e to believe that in any material respect:
Accounting records were not kept in respect of the charitable company as require by section 386 of
the 2006 Act. or
The financial statements do not ac£oTd with those iecords: or
The financial statements do not comply with the accounting requirements of sertion 396 of the 2006
Act other than any requirement that the accounts give a 'true and faie view which is not a matter
considered a5 Part of an independent examination Dr
The financial statements have not been prepared In accordance with the methods and princlples of
the Statement of Recommended Practice for accounting and rp.porting by charities applicable to
charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in
the UK and Republic of Ireland IFRS102}.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements
to be reached.
J Child5 FCA
Carella Limited
Flamstead. St Albans AL3 8DS
26 November 2024

The 948 Sport5 Foundation
la cornpany limited by guarantee)
Statemenl of Flnancial Activities
includin
Income and
For the ear ended 31" Au st 202,4
nditure account
Notes
Unrestricted
fund5
2024
Total
Fund5
2024
Year
ended
2023
Income and endovmients
from:
Donations and legacies
Investments
Total incoffle
1,858
27,066
28.924
1,858
27,066
1,855
24.978
26￿33
Ejtpendlture on:
Charitable activities
Total expenditure
19,752
19.752
19.752
19.751
22,051
22.051
Net income Ilexpenditure)
before gainsl{losses) on
Investments
Net gainslllossesl on
investments
Net Income Ilexpendhurel
9,172
9.172
4,782
41,670
41,670
123,8511
so￿42
50.842
119,0691
Reconclllation of funds:
Total funds brought forward
498,800
$0,842
498,800
50,842
517,869
119,0691
Net movement in funds
Total lunds carrled foThvard
549.642
549.64Z
498MXI
The statement of financial activitie5 included all 8ains and losses reco8nised in the year. All funds in the
prior year were unrestricted.
The notes on pages 10 to 14 form part of these financial statements.

The 948 Sports Foundation
(a cornpany limited by guarantee}
8alance Sheet at 31" Au
U5t 2024
2023
Notes
Flxed Assets
Investments
509.755
468,085
Current Assets
Cash at bank and In hand
42.017
42,017
33,837
33,837
Credltors: amounts falling due within one
year
io
12,1301
13.122
Net Current Assets
39.887
30.71S
Total Assets le55 Current Liabilities
549,642
493￿00
Charlty Funds
Unrestricted funds
549,642
498,800
549.642
498￿00
The Charlty was entltled to exemptlon from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
sertion 476 of the Companies Act 2006.
The Trustees acknowledge thelr responsibilitie5 for complying with the requirement of the Act with respect
to accountin8 records and preparation of financial statements.
The flnanclal statements have been prepared in accordance with the provlslons appllcable to entltles sublect
to the small companies. regime.
The financial statements were approve.d and authorlsed by the Tru:tccs and are signed oil its behalf by..
S. Bell
P. Brewster
Sandy Bell
Chair of Trustees
Paul Brewster
lice Lnaii
Oate . 26 November 2024
The notes on pages 10 to 14 form part of these accounts.

The 948 Sports Foundation
la company limited by guarantee)
Notes to
Fln
lal SLIt
rnents for the
ear endl 31 Au
ust 2024
l. General Inforniation
The 948 Sports Foundation is a company limited by guarantee incorporated in England and Wales.
2. Ac¢ountln8 Poliaes
2.1 Basis of Prepafation
The financial statements have been prepared in accordance with the accounting and reporting by charities..
Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102112Rty Edition effective
January 20191- Charities SORP FRS102, the financial reportin8 Standard applicable in the UK and Republic of
Ireland { FRS1021 and the Companies Act 2006.
The 948 Sports Foundation meets the definition of a public benefit entlty under FRS102. Assets and liabilities
are initially fecognised at historical cost or transaction value unless otherwise stated in the relevant
accountin8 policy.
These financial statements are presented in GBP £, under the going concern basis. There are no material
uncertalnties regarding going concem.
2.2 Income
All Income is fecognised once the charity has entitlement to the income, it is probably that the income will
be received. and the amount of income receivable can be measured reliablv.
2.3 Expendlture
Expenditure is reco8nised once there is a legal OT constructive obligation to transfer economic benefit to a
third party. It is probable that a transfer of economic benefits will be requlred in settlement and the amount
of the obli8ation can be measured reliabty. Expenditure is classified by activity. The costs of each activity are
made up to 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 directty to that activty. Shared costs which
contribute to more than one activlty and support costs which are not attributable to a single activity are
apportioned between those activitles on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the artivities which further the
charivs objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer 15 made except in those cases where the ofter Is
conditional, such grants being reco8nised as expenditure when the conditions attaching are fulfilled. Grants
offered subject to conditions which have not been met at the year end are noted as a commitment. but not
accrued as expenditure.
All expenditure is incluslve of irrecoverable VAT.
2.4 Interest Recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity, this is nomially on notification of the interest paid or payable by the institulion with whom the
funds are deposlted.
10

The 948 Sports Foundation
la company limited by guarantee)
Notes to the Flnancial Statements for the
r ended 31" Au st 2024
continued
2.5 Investments
Fixed asset investments are a form of financial instrument and are initlally reco8nised at thelr transaction
cost and subsequently measured at fair value at the balance sheet date unle55 the values cannot be measured
reliably in which case it is measured at cost less impaifment. Investment gains and losses, whether reali5ed
or unrealised are combined and presented as 'Gains/(losses) on investments in the statement of financia
activities.
2.6 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.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investrnents with a short maturity or
three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Llabllltle5 and prov151ons
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past 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.
Liabillties are recognised at the amount that the charlty antlclpates It wlll pay to settle the debt or the amount
it has received as advance payments for the goods or services it must provide.
2.9 Financial Instruments
The charity 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.
2.10 Fund accounting
General funds are unrestrKted which are available for use at the discretion of the trustees in furtherance of
the general objectives of the charity and which have not been designated for other purposes.
3. Crltlcal accounting estlfflates and areas of judgement
Estimates and judgements are continually evaluated and are based on hlstorical experience and other
factor5, includin8 expectations of future events that are believed to be ￿?sonable under the circumstances,
There were no critical judgements made in the process of applying the charl￿5 accountin8 policies.
The charity makes estlmates and assumptions concerning the future. The resulting accounting estimates and
assumptions will, by definition. seldom equal the related artual results. There were no key assumptions
concerning the future, and other key sources of estimation of uncertainty at the balance shp.p.t date. that
have a sighificant risk ot causin8 a material adjustment to the carrying amounts of assets and liabilities within
the next finanual year.
11

The 948 Sports Foundation
la company limited by guarantee)
Notes to the Financial str¢en￿nts for the
ear endin
31°
t 2024
continued
4. Income from donations and legades
2024
2023
Donatlons
1.858
1.855
S. Investment Income
2024
2023
Bank interest
Investment Income
340
26.727
27,067
24,978
24.978
6. Analysls of 8rants
2024
2023
Grants to Individuals
Grants to institutions
9,884
6,020
15,904
11.143
6,878
18.021
Ouring the year 1612023: 211 grants were made to indlvlduals and 8 {2023.'11l to instltutlons.
Grants made to institutions comprlse grants to sthools. clubs. and community bodies.
7. Anatysls of expendlture on charftable act￿￿0¢$
2024
2023
Charltable artlvftles
Grants
Expenditure on 8ovemance and adMinistrat￿n
15,904
18.021
4,030
19,752
22,051
12

The 948 Sports Foundation
(a company limited by guarantee)
Notes to th Fl
ncial
for the
in
31" Au
24
continued
& Trustees. rernuneration and expenses
During the year no trustees received any remuneration or other beneflts12023 £nil).
During the year ended 31" Au8USt 2024 a trustee was reimbursed for costs incurred of £24212023 £183}.
9. Fixed Asset Investments
2024
Cost or valuatlon
At I" September 2023
Revaluations
468,085
41,670
At 31" Au8USt 2024
509,755
Net Book Value
At 31" August 2024
At 31" August 2023
509,755
468,085
The analysis of investments held Is M&G Charifund £ 377,22012023: E340,536) and M&G Charibond
£ 132,53512023: £127,549).
The cost of the fixed asset Investments held at the yeaT-end was £500,00012023: £500,000).
2024
2023
10. Creditors: Amounts fallin8 due within one year
Grant5
Expenditure on governance and admlnlstratlon
1,000
1,130
1.350
1,772
2,130
3,122
13

The 948 Sport5 Foundation
la company limited by guarantee)
Notes to the Financlal Ststements for the
ear endl 31" Au
ust 2024
continued
11. Analysls of net assets between funds
un￿$tri￿ed
nds
Total
funds
Fixed assets
Current assets
Current liabilities
S09,755
42,017
12.130)
509,755
42,017
{2.1301
Net assets at 31° August 2024
549,642
549.642
12. Related Party Transacliong
There were no related party transartions that require disd05ure in the current year (2023: £nil)
13. Employees
There were no employees during the current and pr￿f year.
14