OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

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

CP SPORT

Report and Accounts

For the year ended 31 March 2023

CP SPORT

Report and Accounts

For the year ended 31 March 2023

INDEX

Page Number

1 to 5 Trustees’ Annual Report
6 Independent Examiner’s Report
7 Statement of Financial Activities
8 Balance Sheet
9 to 15 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 R Broughton 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 2023

Chair’s Statement for the Period Ended 31 March 2023

As we continue to progress our new strategy, this year has been one of experimentation and learning. Our strategy to increase our impact through focusing on building opportunities for everyone with CP to enjoy a lifetime habit of sport and physical activity was endorsed by our success in achieving 5-year funding as a Sport England System Partner.

Alongside continuing to host national swimming and athletics events, we have focused our efforts on learning what is needed to increase opportunities for participation at local levels. This has seen us working with partners in the North East to develop their capacity to coach and support people with CP at local clubs, and we have brokered Sport England funding towards local organisations to host CP events and activities. This has delivered results, through increased opportunities, increased capacity to support people with CP, and increased engagement with local people and partners to ensure we are focusing on what people with CP want and need. We will take our learning from this region forward as we continue to implement our strategy to provide more opportunities and deliver more impact for our community.

The investment in branding and a new website has begun to yield results. Increasing awareness of CP Sport has led to increased interest in fundraising for us and we look forward to growing our community fundraising activity as we go forward. We have continued to offer our online CP Cafes, and these remain a popular way to connect with others, share experiences and create friendships. Many of our Ambassadors have participated in these activities and continue to be an incredible source of inspiration to everyone.

I would like to extend my thanks to all our volunteers. I am particularly grateful to all the officials who supported the swimming and athletics nationals this year. Without you, these events simply could not happen, and we are grateful for your support and thoughtful suggestions as to how we can improve and extend the impact of these events in the future. Our volunteers are a vital members of ‘Team CP Sport’ and we look forward to developing more opportunities for volunteers to participate in and shape what we do in the future

Inclusion is at the heart of what we do at CP Sport, and we were pleased to work with Inclusive Boards in the recruitment of trustees to the Board of CP Sport. This means that alongside trustees with expertise in mental wellbeing, physical health and sport development, our trustees have lived experience of CP. This ensures that we remain focused on our community and, we hope, model the change we want to see, with more people with CP in leadership positions in sport. We worked with Level Equals in the recruitment of our new Chief Executive, to ensure that the process was accessible to all, and we were delighted to appoint Brendan Tonks to the role in December 2022.

This year has been one of learning and consolidation, continuing to build on the foundations that we have put down for our new strategy. The impact of the Covid pandemic is still with us and recovery and change take time. Sport has a unique capacity to bring people together and by building our connection, we will thrive.

Richard Broughton Interim Chair of the Board of Trustees

Page 1

CP SPORT

Trustees’ (Directors’) Annual Report

For the year ended 31 March 2023

The Trustees present their annual report together with the unaudited financial statements of CP Sport for the 12 months ended 31 March 2023. 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:

R Broughton C Jay E Jones I Coombes

A Gosling (Appointed 15 June 2022) D Rad (Appointed 15 June 2022) L Wardle (Resigned 9 July 2024)

J Harrison (Resigned 29 February 2024)

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

Following a comprehensive review of the charity’s strategy and operations in consultation with the executive team, our community and wider stakeholders we approved a new strategy for CP Sport in April 2022. We continually seek to grow our impact and ensure that more people with cerebral palsy have access to sport and physical activity. We recognise that this will not be achieved through direct delivery alone, and collaboration and building community is at the heart of our strategy.

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 2023

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:

Our values are:

If we are to achieve our vision and mission in the interests of our community, it is vital 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.

Achievements in progressing our strategy

Research undertaken by the University of Nottingham confirmed our conviction that local access is of major importance achieving our mission. This year we have focused on developing a regional offer for people with CP based in North East England. Taking a ‘test and learn’ approach, we have been experimenting with our ways to increase opportunity and choice by collaborating with local clubs and groups to develop their capability to work with people with CP. We have sought to put local people in the lead of shaping a regional offer and established a steering group to guide our activity. We will continue to reflect on and review our successes and out learning from the North-East pilot with the intention of rolling out our regional offer in future periods.

Our regional activity has included:

Directing Together Fund funding to support an increase in accessible sport in the North East. This included working with the Golf Foundation to support 311 children to participate in the Festival of

Page 3

CP SPORT

Trustees’ (Directors’) Annual Report

For the year ended 31 March 2023

In addition to developing our regional offer, we also undertook a range of activities in support of our strategic objectives including:

We look forward to consolidating our learning in relation to our regional offer and extending our regional model as we go forward. We have been an engaged System Partner working with Sport England, NDSOs and other partners, supporting Sport England’s vision to Unite the Movement in its aim to transform lives and communities through sport and physical activity. We continue to advocate for the particular interests of people with CP locally, regionally and nationally, and aim to be a model for improving lives through sport.

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.

Page 4

Trustees’ (Directors’) Annual Report

CP SPORT

For the year ended 31 March 2023

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

By Order of the Board:

………………………………………. Chris Jay Trustee and Director

Date: 30 January 2025

Page 5

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 2023, charity number 1088600, company number 04181593 which are set out on pages 7 to 15.

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 Charities Act 2011 (‘the 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: 30 January 2025

Page 6

CP SPORT

Statement of Financial Activities

For the year ended 31 March 2023


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)
12 & 13
Transfer between funds
Net movement in funds
Total Surplus at 1 April 2022 – as restated
Transfer between funds – as restated
Total Surplus at 31 March 2023		 2023
Unrestricted
Funds
£
31,526
12,770
290
-
44,586
(51,914)
(12,981)
(64,895)
(20,309)
16,246
(4,063)
118,271
114,208		 2023
Restricted
Funds
£
275,471
-
-
-
275,471
(78,233)
(146,563)
(224,796)
50,675
(16,246)
34,429
44,045
78,474		 2023
Total
Funds
£
306,997
12,770
290
-
320,057
(130,147)
(159,544)
(289,691)
30,366
-
30,366
162,316
192,682		 2022
Unrestricted
Funds
£
84,481
5,850
14
-
90,345
(64,633)
(2,474)
(67,107)
23,238
71,113
94,351
20,417
3,503
118,271		 2022
Restricted
Funds
£
209,430
-
-
-
209,430
(101,258)
(119,385)
(220,643)
(11,213)
(71,113)
(82,326)
129,874
(3,503)
44,045		 2022
Total
Funds
£
293,911
5,850
14
299,775
(165,891)
(121,859)
(287,750)
12,024
12,024
150,291
-
162,316

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

The notes on pages 8 to 15 form part of these accounts.

Page: 7

CP SPORT

Balance Sheet

As at 31 March 2023

Notes 2023 2022
£ £ £ £
Current Assets
Tangible Assets 9 9,713 10,979
__ __
9,713 10,979
Current Assets
Debtors 10 21,087 4,981
Cash at bank and in hand 185,873 186,697
__ __
206,960 191,678
Creditors:
Amounts falling due within one year 11 (23,991) (40,342)
__ __
Net Current Assets
 182,969
151,336
__ __
Total Assets Less Current Liabilities 192,682 162,316
__ __
Net Assets 192,682 162,316
======= =======
Funds of the Charity
Restricted Funds 12 78,474 20,417
Unrestricted Funds
 13 114,208 129,874
__ __
Total Charity Funds 192,682 162,316
======= =======

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 January 2025 and were signed on its behalf by:

....................................................................... Chris Jay

The notes on pages 8 to 15 form part of these accounts.

Page: 8

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

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.

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: 9

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

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
2023 2023 2022 2022
£ £ £ £
Donations 31,526 - 84,481 -
Grants 275,471 - 209,430
31,526 275,471 84,481 209,430
====== ======= ====== ======

3

Income from charitable activities

2023
2022
£ £
Corporate 2,029 3,000
Sports and Events Income 9,891 1,715
Membership Income 850 1,135
_ _
12,770 5,850
======= =======

Page: 10

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

4 Resources Expended: Raising Funds

Unrestricted Restricted Unrestricted Restricted
2023 2023 2022 2022
£ £ £ £
Travel expenses 1,552 770 479 1,642
Subscriptions 1,075 823 1,457 1,123
Equipment Purchases 1,350 - 6,447 2,322
Online fundraising 306 - 12,327 -
Post and carriage 1,985 1,250 - -
Administrative expenses 36,709 60,454 14,778 43,026
Support costs 8,937 14,936 29,145 53,145
51,914 78,233 64,633 101,258

====== ======= ======= =======

5 Resources Expended: Costs of Charitable Activities

Unrestricted Restricted Unrestricted Restricted
2023 2023 2022 2022
£ £ £ £
Staff costs 6,671 128,163 - 108,976
Depreciation 1,893 201 2,412 -
Other costs - - 62 10,409
Event costs 4,417 18,199
12,981 146,563 2,474 119,385
====== ====== ======= =======

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.

Page: 11

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

7 Employees

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

2023
Number

Administrative staff
5

_

5

=======
=
The aggregate remuneration comprised:
2023
£
Salaries
135,502

_

135,502

=======

No individual employee’s total benefits exceeded £60,000 during the year (2022: None).
8
Intangible Fixed Assets
Cost
At 1 April 2022

At 31 March 2023


Amortisation
At 1 April 2022

At 31 March 2023


Net book value
At 31 March 2023

 2022
Number
5
_
5
======
2022
£
158,011
_
158,011
=======
Website
£
20,400
20,400
=======
20,400
20,400
=======
-
=======

Page: 12

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

9 Tangible Fixed Assets
Total
£
Cost
At 1 April 2022 43,513
Additions -
At 31 March 2023 43,513
=======
Depreciation
At 1 April 2022 31,706
Charge for the year 2,094
At 31 March 2023 33,800
=======
Net book value
At 31 March 2023 9,713
=======
10 Debtors
2023 2022
£ £
Trade debtors - 128
Other debtors and prepayments 21,087 4,853
__ __
21,087 4,981
======= =======
11 Creditors: Amounts falling due within one year 2023 2022
£ £
Bank overdrafts - 548
Trade Creditors 21,000 18,513
Other taxation and social security - 8,853
Other Creditors 491 465
Accruals and deferred income 2,500 11,963
__ __
28,991 40,342
======= =======

Page: 13

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

12 Unrestricted Funds
As Restated Net Transfer As at 31
At 1 April 2022 Movement between March 2023
£ in Funds funds £
£
Unrestricted Funds – General Fund 118,271 (20,309) 16,246 114,208
======= ======= ======= =======
13 Restricted Funds
At 1 Transfer At 31
April between March
2022 Income Expenditure funds 2023
£ £ £ £
Sport England 6,347 183,706 (149,290) 40,763
BBC Children in Need 10,529 - - (10,529) -
St James Place 9,063 - - (9,063) -
The FA - 38,100 (33,178) 4,922
Proveca (3,503) 5,000 (1,262) 235
CAF 9,513 24,967 (30,596) 3,884
Hargreaves Foundation 10,000 10,000
Together Fund 11,198 (3,421) 7,777
Nottingham University 2,500 (1,393) (1,107) -
Boost (6,060) (893) 4,453 (2,500)
Postcode Lottery 18,156 - (4,763) 13,393
44,045 275,471 (224,796) (16,246) 78,474
====== ======= ======= ======= ======

Restricted Funds Corrections

In each case listed below where residual monies have been transferred from restricted funds to unrestricted funds, this has been done with the explicit permission of the funder in question. Written records can be provided upon request.

BBC Children in Need

In 2018, we were awarded a grant from BBC Children in Need over 3 years. Year 1 amount was £37789.20, Year 2 was £37786 and year 3 was £36,825. Each year a report was submitted with financial evidence of spend. The project was completed fully, and a report including financial details filed with the funder. Due to a CP Sport accounting error, the accounts at the end of the 2022 financial year show an underspend of £10,529. To correct our accounts, £10,529 has been transferred into our unrestricted funds, and recorded in our resubmitted 2023 accounts.

St James Place

SJP Foundation granted CP Sport an award in 2019 over 3 years. Year 1- £10,000.97, Year 2- £10,000.96 and Year 3- £10,004.52 totalling £30,006.45. The project was completed fully, and a report including financial details filed with the funder. Due to a CP Sport accounting error, the accounts at the end of the 2022 financial year show an underspend of £9,063. To correct our accounts, £9,603 has been transferred into our unrestricted funds, and recorded in our resubmitted 2023 accounts.

Page: 14

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

Restricted Fund Corrections (Continued)

Proveca

Proveca sponsored CP Sport to deliver 3 events, providing £5,000 funding. The 3 events were delivered, and a report including financial details filed with the funder. Due to a CP Sport accounting error, this Proveca income was not recorded on our 2022 annual accounts. To correct our accounts, £5,000 has been recorded as income in our resubmitted 2023 accounts.

Don & Stain

CP Sport 2023 annual accounts originally recorded ‘Don & Stain’ as a restricted fund. During corrective actions on our annual accounts, we have discovered that this is not an individual restricted fund, but is part of the Together Fund. To correct our accounts, £1,065 has been transferred into our Together Fund restricted funding in our resubmitted 2023 accounts.

Together Fund

On our original 2023 accounts our Together Fund restricted fund reported an income of £14,763 and an expenditure of £3,619. During corrective actions on our annual accounts, we have discovered that our income was £11,198 (including the Don and Stain transfer of £1,065), and our expenditure was £3,421. These have been corrected on our resubmitted 2023 accounts.

Edward Gosling

The Edward Gosling Foundation awarded CP Sport £5,000 in June 2022. The grant was for use on overhead and core costs of the charity. Due to a CP Sport accounting error, the grant was recorded as an individual grant, rather than included in our unrestricted fund. To correct the error, the Edward Gosling fund has been removed from our resubmitted 2023 accounts and transferred into our unrestricted funds.

Nottingham University

In June 2022, CP Sport were accommodated 2 student interns from the University of Nottingham. We were awarded a grant of £2,500 to support the costs of the students. £1,393 of this funding was allocated to the student's salaries, whilst £1,107 was to be used on overhead costs associated with hosting the students. The £1,107 was spent but due to a CP Sport accounting error, it was not recorded. To correct this we have transferred £1,107 into our unrestricted funds in resubmitted 2023 accounts.

Boost

CP Sport received £8,350 from Boost in 2021-2022. The funding was used to run 4 Frame Running events, included associated costs. The project was completed and reported on fully. Due to a CP Sport accounting error, £4,453 of spending was incorrectly allocated to this restricted fund during the delivery period. To correct this on our resubmitted 2023 accounts, £4,453 of unrestricted funding has been transferred into this Boost restricted fund.

Postcode Lottery

The Postcode Lottery awarded CP Sport £19,900 in October 2021. During recent corrective actions on our accounts, we identified that income had been incorrectly recorded as £1,744 in our 2022 accounts. To correct this on our resubmitted 2023 accounts, we have transferred £18,156 from unrestricted funds, into the Postcode Lottery restricted fund. Our resubmitted 2023 accounts now record an opening balance of £18,156.

14 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.

15 Control

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

16 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: 15

CP SPORT

Notes forming part of the Accounts

For the year ended 31 March 2023

Restricted Fund Corrections (Continued)

Proveca

Proveca sponsored CP Sport to deliver 3 events, providing £5,000 funding. The 3 events were delivered, and a report including financial details filed with the funder. Due to a CP Sport accounting error, this Proveca income was not recorded on our 2022 annual accounts. To correct our accounts, £5,000 has been recorded as income in our resubmitted 2023 accounts.

Don & Stain

CP Sport 2023 annual accounts originally recorded ‘Don & Stain’ as a restricted fund. During corrective actions on our annual accounts, we have discovered that this is not an individual restricted fund, but is part of the Together Fund. To correct our accounts, £1,065 has been transferred into our Together Fund restricted funding in our resubmitted 2023 accounts.

Together Fund

On our original 2023 accounts our Together Fund restricted fund reported an income of £14,763 and an expenditure of £3,619. During corrective actions on our annual accounts, we have discovered that our income was £11,198 (including the Don and Stain transfer of £1,065), and our expenditure was £3,421. These have been corrected on our resubmitted 2023 accounts.

Edward Gosling

The Edward Gosling Foundation awarded CP Sport £5,000 in June 2022. The grant was for use on overhead and core costs of the charity. Due to a CP Sport accounting error, the grant was recorded as an individual grant, rather than included in our unrestricted fund. To correct the error, the Edward Gosling fund has been removed from our resubmitted 2023 accounts and transferred into our unrestricted funds.

Nottingham University

In June 2022, CP Sport were accommodated 2 student interns from the University of Nottingham. We were awarded a grant of £2,500 to support the costs of the students. £1,393 of this funding was allocated to the student's salaries, whilst £1,107 was to be used on overhead costs associated with hosting the students. The £1,107 was spent but due to a CP Sport accounting error, it was not recorded. To correct this we have transferred £1,107 into our unrestricted funds in resubmitted 2023 accounts.

Boost

CP Sport received £8,350 from Boost in 2021-2022. The funding was used to run 4 Frame Running events, included associated costs. The project was completed and reported on fully. Due to a CP Sport accounting error, £4,453 of spending was incorrectly allocated to this restricted fund during the delivery period. To correct this on our resubmitted 2023 accounts, £4,453 of unrestricted funding has been transferred into this Boost restricted fund.

Postcode Lottery

The Postcode Lottery awarded CP Sport £19,900 in October 2021. During recent corrective actions on our accounts, we identified that income had been incorrectly recorded as £1,744 in our 2022 accounts. To correct this on our resubmitted 2023 accounts, we have transferred £18,156 from unrestricted funds, into the Postcode Lottery restricted fund. Our resubmitted 2023 accounts no record an opening balance of £18,156.

14 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.

15 Control

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

16 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: 15