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2022-03-31-accounts

Company Number: 04181593 (England and Wales) Charity Number: 1088600

CP SPORT

Report and Accounts

For the year ended 31 March 2022

CP SPORT

Report and Accounts

For the year ended 31 March 2022

INDEX

Page Number

1 to 4 Trustees’ Annual Report
5 Independent Examiner’s Report
6 Statement of Financial Activities
7 Balance Sheet
8 to 13 Notes forming part of the Accounts

CP SPORT

Company Information

Company Number: 04181593

Charity Number: 1088600

Registered Office Lychett House 13 Freeland Park Wareham Road Poole Dorset BH16 6FA

Trustees

L Wardle (Chair) R Broughton J Harrison C Jay E Jones I Coombes A Gosling (Appointed 15 June 2022) D Rad (Appointed 15 June 2022) Accountants Kings Chartered Accountants Unit 4 Grovelands Boundary Way Hemel Hempstead Hertfordshire England HP2 7TE

Independent Examiners

Kings Chartered Accountants Unit 4 Grovelands Boundary Way Hemel Hempstead Hertfordshire England HP2 7TE

CP SPORT

Trustees’ (Directors’) Annual Report

For the year ended 31 March 2022

Chair’s Statement for the Period Ended 31 March 2022

As we have tentatively turned the page on the Covid-19 pandemic and begun to move forward with a new chapter, we have continued to progress our strategy to increase our impact and ensure that everyone with cerebral palsy can enjoy a lifetime habit of sport and physical activity. The necessary changes to our operational focus have been significant and this has been a period of considerable change. Our executive team have switched to home working, resulting in substantial savings to the charity in terms of premises and associated costs, and they deserve recognition for their flexibility in developing new working practices in order to maintain delivery, connection and collaboration through this change.

The board has been intent on ensuring that we recruit the right chief executive to take the organisation forward on a permanent basis and we have been ably supported while we have undertaken our search and selection process by Steven Day and Lara Lil as interim chief executives. Both brought a wealth of experience as leaders in the sport sector, and we are grateful for their contribution during our transition.

The board has been enhanced by the appointment of additional trustees with experience in physical and mental health, education, sport development, inclusion and with lived experience of cerebral palsy. We will continue to ensure that people with cerebral palsy are at the centre of everything we do, and we continue to seek opportunities for coproduction with our community. In terms of governance, this has included the formation of an ‘Insight and Engagement Committee’ whose members are people with CP, their families and key stakeholders. This will ensure that our community shapes our strategy, our plans for the future, and holds us to account for delivery.

As we have been developing our capacity to deliver our new strategy in terms of our operational and governance capabilities, we have also undertaken a thorough financial review to ensure that our financial position is fully transparent, robust, open to scrutiny and provides a solid foundation from which to go forwards. This has involved reviewing policies in relation to financial control, and various housekeeping activities to provide assurance in relation to financial accounting and reporting. Post Covid, banking processes have taken considerably longer than previously to action, and this, alongside changes in finance personnel and accountancy advisers, has resulted in a regrettable delay to the filing of this year’s accounts. We are grateful to funders’ support and forbearance through this process. While the review process has taken longer than anticipated, it has provided the necessary clarity, assurance and prudential control to provide a strong foundation for the organisation going forward.

It would be impossible for CP Sport to support our community without the commitment and dedication of others. On behalf of the board and all at CP Sport, I would like to thank our incredible volunteers. Our national swimming and athletics events would not be possible without the officials who ensure that the events run within the standards of qualifying competition, and we are truly grateful to them all. Our ambassadors are wonderful role models and give their time to share their experiences and promote the benefits of sport and physical activity to others with CP. Many more volunteers offer their time, enthusiasm, kindness and support as part of our extended ‘Team CP Sport’ and we extend a warm “thankyou” to all of you.

Lynne Wardle Chair of the Board of Trustees

Page 1

CP SPORT

Trustees’ (Directors’) Annual Report

For the year ended 31 March 2022

The Trustees present their annual report together with the unaudited financial statements of CP Sport for the 12 months ended 31 March 2022. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice: "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS102)" effective from January 2019.

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

L Wardle (Chair) R Broughton J Harrison C Jay E Jones I Coombes A Gosling (Appointed 15 June 2022) D Rad (Appointed 15 June 2022)

Objectives and activities

Objectives

The objects for which the charity is established for are for the relief of people with cerebral palsy. To promote and protect the physical and mental health of people with cerebral palsy, acquired brain injury and physical disabilities, for the public benefit, in particular but not exclusively by:

The charity’s activities are reviewed each year by the Board of Trustees. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)' as well as the services and activity needs of our beneficiaries. The Charity Commission in its “Charities and Public Benefit” Guidance states that there are two key principles to be met in order to show that an organisation’s aims are for the public benefit: firstly, there must be an identifiable benefit and secondly, that the benefit must be to the public or a section of the public. The Trustees are satisfied that the aims and objectives of the charity, and the activities reported on below to achieve those aims and meet those principles.

Our Strategy to Achieve our Objectives

As we have emerged from the COVID-19 pandemic, trustees have undertaken a comprehensive review of the charity’s strategy and operations in consultation with the executive team, our community and wider stakeholders. As a relatively small organisation, but with national reach, we have considered the ways in which we can grow our impact to ensure that more people with cerebral palsy have access to sport and physical activity. Our experience of the pandemic reinforced our belief in the importance of building community amongst people with cerebral palsy and their families, increasing social connections and amplifying disabled people’s voice in sport.

Reviewing our engagement showed us that we needed to increase our focus on ensuring that CP Sport was accessible and welcoming to all people, recognising that we needed to reach disabled people who were also experiencing inequality due for example, to poverty, their gender or ethnicity. By working in partnership with others across the sport, leisure, health, education, community and charity sector, we will ensure that all people with cerebral palsy are able to access opportunities to play, participate in and enjoy sport and physical activity.

Our strategy is summarised here. This is an evolving strategy that will continue to develop according to the wants and needs of our community and in a dynamic funding, financial and social context.

Our vision is that everyone with cerebral palsy enjoys a lifetime habit of sport and physical activity.

Page 2

CP SPORT

Trustees’ (Directors’) Annual Report

For the year ended 31 March 2022

Our mission is to influence the sector and wider society so that every person with cerebral palsy has the choice and opportunity to be physically active.

Our objectives are to:

In pursuing these strategic objectives, we must ensure that CP Sport is fit for the future and so we made further progress on the journey to establish the organisational infrastructure to support the delivery of our plans. If we are to achieve our vision and mission, it is fundamental that people with cerebral palsy are aware of us and trust us to deliver what they want and need to enjoy a lifetime of physical activity. We need a well led and committed staff team who have the skills and confidence to succeed and the ability to respond to the opportunities and challenges they encounter. We need to understand the impact we are making and to gather insight and feedback necessary for us to learn and continuously improve and we need to ensure the financial resilience to realise our ambitions for our community. We have focused on these enablers in parallel with delivering our strategic objectives.

Activities in support of our strategy

In support of our strategy, we undertook a wide range of activities to grow awareness of CP Sport, develop delivery partnerships, connect our community, develop professional skills in coaching people with CP, support opportunities for children, build inclusion and continue to host opportunities for people to enjoy, participate in and play sport. Our activities include:

Our Achievements

As we began our transition to our new strategy, we have achieved significant early successes, in addition to continuing with core activities such as hosting national competitions that align with our strategy. Our achievements have included:

Page 3

CP SPORT

Trustees’ (Directors’) Annual Report

For the year ended 31 March 2022

Statement of Trustees’ Responsibilities

The Trustees, who are also the directors of CP Sport for the purpose of company law, are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees, to prepare accounts 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 year.

In preparing these accounts the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the company and to enable them to ensure the accounts have been properly prepared in accordance with the provisions of the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The Directors have taken advantage of section 477(2) of the Companies Act 2006 which exempts the company from the requirement to have the accounts audited.

The Company is required to have an Independent Examination in accordance with the provisions in the Charities Act 2011. Accordingly, Sara Brown ACA, of Kings CAP Ltd, Chartered Accountants, was appointed Independent Examiner.

By Order of the Board:

……………………………………….

Lynne Wardle Trustee and Director

Date: …30/11/2023…………

Page 4

CP SPORT

Independent Examiner’s Report

To The Trustees of CP SPORT

Independent Examiner's Report to the Trustees of CP Sport

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022, charity number 1088600, company number 04181593 which are set out on pages 6 to 13.

Respective responsibilities of trustees and examiner

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed

Sara Brown FCA Kings Chartered Accountants Unit 4 Grovelands Boundary Way Hemel Hempstead Hertfordshire HP2 7TE

Date

5 December 2023

Page 5

CP SPORT

Statement of Financial Activities

For the year ended 31 March 2022

Incoming resources from:
Notes
Donations and legacies
2
Charitable activities
Other trading activities
Investments
3
Total Incoming Resources
Resources expended from:
Raising funds
4
Costs of charitable activities
5
Total resources expended
Net Surplus/(Deficit)
14 & 15
Transfer between funds
Net movement in funds
Total Surplus at 1 April 2021
Prior period adjustment
Total Surplus at 31 March 2022		 2022
Unrestricted
Funds
£
84,481
5,850
14
-
90,345
(64,633)
(2,474)
(67,107)
23,238
71,113
94,351
38,573
132,924		 2022
Restricted
Funds
£
209,430
-
-
-
209,430
(101,258)
(119,385)
(220,643)
(11,213)
(71,113)
(82,326)
111,718
29,392		 2022
Total
Funds
£
293,911
5,8503
14
-
299,775
(277,280)
(10,471)
(287,751)
12,024
12,024
150,291
162,316		 2021
Unrestricted
Funds
£
102,248
15,073
3,427
56
120,804
(7,569)
(91,102)
(98,671)
22,133
60,809
82,942
(129,490)
85,121
38,573		 2021
Restricted
Funds
£
267,895
-
-
-
267,895
(2,111)
(263,309)
(265,420)
2,475
(60,809)
(58,334)
170,052
111,718		 2021
Total
Funds
£
370,143
15,073
3,427
388,699
(9,680)
(354,411)
(364,091)
24,608
24,608
40,562
85,121
150,291

The Statement of Financial Activities has been prepared on the basis that all operations are continuing operations.

The notes on pages 8 to 13 form part of these accounts. Page: 6

CP SPORT

Balance Sheet

As at 31 March 2022

As at 31 March 2022
Restated
Notes 2022 2021
£ £ £ £
Current Assets
Tangible Assets 10 10,979 13,391
__ __
10,979 13,391
Current Assets
Stocks 11 - 6,415
Debtors 12 4,981 18,750
Cash at bank and in hand 186,697 190,022
__ __
191,678 215,187
Creditors:
Amounts falling due within one year 13 (40,342) (78,287)
__ __
Net Current Assets 151,336 136,900
__ __
Total Assets Less Current Liabilities 162,316 150,291
__ __
Net Assets 162,316 150,291
======= =======
Funds of the Charity
Restricted Funds 15 29,392 111,718
Unrestricted Funds 14 132,294 38,573
__ __
Total Charity Funds 162,316 150,291
======= =======

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on …30/11/2023.. and were signed on its behalf by:

....................................................................... Lynne Wardle

The notes on pages 8 to 13 form part of these accounts.

Page: 7

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2022

1 Principal Accounting Policies

Company Information

CP Sport is a private charitable company limited by guarantee, incorporated in England & Wales. The registered office is at Lytchett House, 13 Freeland Park, Wareham Road, Poole, Dorset, BH16 6FA.

Accounting Convention

The accounts have been prepared under the historical cost convention, the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. The accounts include the results of the company’s operations, which are described in the Trustees’ Annual Report, all of which are continuing. The charity constitutes a public benefit entity as defined by FRS 102.

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

Going Concern

The accounts have been prepared on a going concern basis which assumes that the charitable company will continue to operate for the foreseeable future despite the current economic impact as a result of COVID-19. The Trustees and Directors consider that the available reserves and the availability of continued financial support will ensure the required working capital be in place for the company to continue operations for the foreseeable future. This is based on the Trustees and Directors opinion that the activity will continue to grow with increased publicity and support of their charitable activities. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, and to provide for any further liabilities that may arise.

Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income from charitable trading activities is recognised when the related goods and services have been completed and dispatched.

Income from grants and other donations which are of a voluntary nature are recognised when the charitable company has been notified in writing of both the amount and settlement date and receipt is probable. Grants received for future accounting periods are deferred.

Income from grants, and similar income where conditions for payment are linked to performance, are recognised to the extent that the charity has met the conditions.

Income from donated facilities is recognised when the charitable company utilises the facilities with the fair value being recognised as incoming resources and expended resources simultaneously, as appropriate.

Resources Expended

Expenditure is accounted for on an accruals basis, recognised when a liability is incurred, and classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

The Charity constitutes a public benefit entity as defined by FRS 102.

Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held with banks.

Basic Financial Assets

Basic financial assets, which include bank balances, are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Page: 8

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2022

Basic Financial Liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Depreciation

Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write down the cost, less estimated residual value, of all tangible fixed assets over their expected useful lives as follows:

Office Equipment 15% on written down value Computer Equipment 20% on written down value

Fund Accounting

Unrestricted funds are those which are unrestricted and are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted finds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income Resources from Donations and Legacies

Unrestricted Restricted Unrestricted Restricted
2022 2022 2021 2021
£ £ £ £
Donations 84,481 - 47,615 7,949
CJRS Funding - - 1,319 -
Grants - 209,430 43,314 259,946
Business Support Grant - - 10,000 -
84,481 209,430 102,248 267,895
====== ======= ====== ======

3 Income from charitable activities

Income from charitable activities
2022 Restated 2021
£ £
Corporate 3,000 5,290
Sports and Events Income 1,715
7,973
Membership Income 1,135
1,810
_ _
5,850 15,073
======= =======

Page: 9

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2022

4 Resources Expended: Raising Funds

Unrestricted Restricted Unrestricted Restricted
2022 2022 2021 2021
£ £ £ £
Travel expenses 479 1,642 71 -
Subscriptions 1,457 1,123 760 540
Equipment Purchases 6,447 2,322 - 1,464
Online fundraising 12,327 - 693 19
Post and carriage - - 56 -
Event costs - - 1,201 88
Charity trading expenses - - 4,788 -
Administrative expenses 14,778 43,026 - -
Support costs 29,145 53,145
64,633 101,258 7,569 2,111
====== ======= ======= =======

5 Resources Expended: Costs of Charitable Activities

5

Unrestricted Restricted Restricted Unrestricted Restricted Restricted
2022 2022 2021 2021
£ £ £ £
Sports and Events:
Staff costs - 108,976 91,102 93,469
Depreciation 2,412 - - 3,353
Other costs 62 10,409 - 166,487
2,474 119,385 91,102 263,309
====== ====== ======= =======
Net movement in funds:
Net movement in funds is stated after charging:
2022 Restated 2021
£ £
Independent Examiner’s remuneration - 5,940
=======
=======

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year save as shown in the employees note.

7 Prior Year Adjustment

During the year deferred event income was reviewed by the Trustee’s following the COVID-19 pandemic which resulted in many donations into unrestricted funds for events and event raising income being delayed. These events have either subsequently occurred or the donations have been freely given for cancelled events so a prior period adjustment has been made to release this income to the year in which it relates.

Page: 10

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2022

8 Employees

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

2022 Restated 2021
Number Number
Administrative staff 5 5
_ _
5 5
======= =======
The aggregate remuneration comprised:
2022 Restated 2021
£ £
Salaries 158,011 184,571
_ _
158,011 184,571
======= =======

No individual employee’s total benefits exceeded £60,000 during the year (2021: None).

9 Intangible Fixed Assets

Cost
At 1 April 2021

At 31 March 2022


Amortisation
At 1 April 2021

At 31 March 2022


Net book value
At 31 March 2022

 Website
£
20,400
20,400
=======
20,400
20,400
=======
-
=======

Page: 11

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2022

10 Tangible Fixed Assets
Total
£
Cost
At 1 April 2021 42,685
Additions -
At 31 March 2022 42,685
=======
Depreciation
At 1 April 2021 29,294
Charge for the year 2,412
At 31 March 2022 31,706
=======
Net book value
At 31 March 2022 10,979
=======
11 Stocks
2022 Restated 2021
£ £
Marketing material & resources -
4,926
Goods for resale - 1,489
__ __
- 6,415
======= =======
12 Debtors
2022 Restated 2021
£ £
Trade debtors 128 38
Other debtors and prepayments 4,853 18,712
__ __
4,981 18,750
======= =======
13 Creditors: Amounts falling due within one year 2022 Restated 2021
£ £
Bank overdrafts 548 -
Trade Creditors 18,513 13,016
Other taxation and social security 8,853 6,554
Other Creditors 465 1,079
Accruals and deferred income 11,963 57,638
__ __
40,342 78,287
======= =======

Page: 12

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2022

14 Unrestricted Funds
As Restated Net As at 31
At 1 April Movement March 2022
2021 in Funds £
£ £
Unrestricted Funds – General Fund 38,573 94,351 132,294
======= ======= =======

15 Restricted Funds

At 1 At 31
April March
2021 Income Expenditure 2022
£ £ £ £
Sport England 21,239 132,500 (147,392) 6,347
BBC Children in Need 10,303 11,281 (11,055) 10,529
St James Place 9,063 6,690 (6,690) 9,063
The FA 25,000 (25,000) -
CAF 24,479 (14,966) 9,513
Boost 7,736 (13,796) (6,060)
Postcode Lottery 1,744 (1,744) -
40,605 209,430 (220,643) 29,392
====== ======= ======= ======

16 Called up share capital

The company is limited by guarantee and has no share capital. Under the provisions of the company’s memorandum of association, each member would be required to contribute a sum not exceeding £1 for the payment of debts of the company in the event of a deficiency of assets on a winding up of the company.

17 Control

The charity has been controlled throughout the year by the trustees, whom are identified in the company information.

18 Transactions with Trustees and Related Parties

None of the trustees have been paid any remuneration or received any other benefits from employment with the Charity or any related entity.

Page: 13