2025-12-31-accounts

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Sportily Ltd

Trustees annual report and financial statements Es for the year ended 31 December 2025

Report of the trustees (incorporating the Directors’ report) for the year ended 31 December 2025

Reference and administrative details of the charity, its trustees and advisers ........................................... 3
Introduction .................................................................................................................................................. 5
Objectives and activities ............................................................................................................................... 6
Achievements and performance .................................................................................................................. 8
Strategic plans for future periods ............................................................................................................... 13
Safeguarding ............................................................................................................................................... 13
Financial Review ......................................................................................................................................... 14
Funds ..............................................................................................................Error! Bookmark not defined.
Designated Funds ............................................................................................................................................ 15
Restricted Funds .............................................................................................................................................. 15
Going concern ................................................................................................................................................. 16
Reserves policy ................................................................................................................................................ 16
Principal funding sources ................................................................................................................................ 16
Fundraising policy ............................................................................................................................................ 17
Investment policy ............................................................................................................................................ 17
Principal risks and uncertainties ...................................................................................................................... 17
Structure, governance and management ................................................................................................... 19
Governing document and constitution ........................................................................................................... 19
Objects of the charity ...................................................................................................................................... 19
Public benefit................................................................................................................................................... 19
Recruitment, appointment and induction of trustees ..................................................................................... 20
Organisational structure .................................................................................................................................. 20
Statement of trustees’ responsibilities ............................................................................................................ 20
Qualifying third party indemnity provisions .................................................................................................... 21
Internal controls .............................................................................................................................................. 21
Sub-committees .............................................................................................................................................. 22
Management and staff .................................................................................................................................... 22
Remuneration of employees ........................................................................................................................... 22
Declarations or interest and related parties.................................................................................................... 22
Appointment of independent auditor.......................................................................................................... 23
Independent Auditor’s Report to the Members of Sportily ....................................................................... 23
Statement of financial activities (incorporating income and expenditure account) for the year ended 31
December 2025 .......................................................................................................................................... 28
Balance sheet .................................................................................................................................................. 29
Statement of cash flows .................................................................................................................................. 29
Notes to the financial statements ................................................................................................................... 31

www.sportily.org.uk

Reference and administrative details of the charity,

its trustees and advisers

The trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 31 December 2025 which are also prepared to meet the requirements for

a Directors’ report and accounts for Companies Act purposes.

Sportily is a charitable company and a legal entity in its own right. Sportily is wholly owned by the Gloucester Diocesan Board of Finance, its sole corporate member.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Sportily is a charitable company limited by guarantee. It was first incorporated on 12 July 2005 and is governed by its Articles of Association adopted with effect from 28 January 2021 and amended by written special resolutions dated 5 October 2021 and 9 December 2022.

Registered name Sportily Ltd Charity registration number 1111077 Company registration number 05505991 Country of incorporation England and Wales Registered address c/o Church House, 5 Denmark Road, Gloucester GL1 3HW Trustees Jackie Colburn Karen Czapiewski Jacqui Hyde (Interim Chair. Resigned 7/5/2025) Nathan Jorden (Appointed 30/6/2025) Barry Mason (Appointed 30/6/2025) Sandra Millar (Interim Chair from 7/5/2025 – 7/7/2025) Phelim O’Hare (Appointed 30/6/2025) David Peregrine (Appointed 30/6/2025) Katrina Scott (Appointed 2/6/2025, Chair from 7/7/2025) Francis Shaw (Resigned 16/3/2026) Nigel Stone (Appointed 30/6/2025) Kevan Taylor Larisa Vinatoru (Appointed 30/6/2025)

www.sportily.org.uk

Leadership Team (Principal Officers)

Chris Priddy Co-Chief Executive Officer Richard Witham Co-Chief Executive Officer Natalie Burfitt Head of Christian Distinctiveness James Allan Head of Leadership Development (from 13/10/2025)

Chris Priddy

Company Secretary

Bankers

Lloyds Bank, Charlton Place, Charlton Road, Andover, Hants, SP10 1RE

CCLA Investment Management Ltd, 80 Cheapside, London, EC2V 6DZ HaysMac LLP, 10 Queen Street Place, London, EC4R 1AG

Investment managers

Auditors HaysMac LLP, 10 Queen Street Place, London, EC4R 1AG Insurance brokers Edwards Insurance, Stonebridge House, Kenilworth Rd, Meriden, Hampton in Arden, Coventry, CV7 7LJ

No trustees held any title to property belonging to the charity or served as a trustee for the charity in holding the title to property belonging to the charity.

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Introduction

As I look back on 2025, for Sportily, I would like to encourage us into three styles of action: to celebrate, give thanks and pray. This has been a significant year in the life of our work together and there is much to read about and comment on in this report.

I want to celebrate the hard work of so many within Sportily, and the impact that this is having on individuals and communities. Sportily, in 2025, has delivered more sessions, had more participants, and reached out into more communities – whilst also giving time and attention to depth of relationships and opportunities for encounter. This leads us to a period of transition – from being a smaller organisation in startup mode, to being larger, more rooted and expanding towards our new strategic five-year plan. A part of this change has been the growth of our Trustee Board, with a number of new trustees joining during 2025, bringing a wide range of skills, experiences and passions. I took on the role of Chair in July and am deeply enjoying working with this strong team of creative and gifted individuals.

There are many people to give thanks for across the life of Sportily. We are so grateful for the many volunteer hours that are offered to support us, alongside our diverse staff and leadership teams. Our Co-CEOs lead the teams effectively and with a clear and faithful vision. Our work is supported by local Churches, by schools and community groups and by the Gloucester Diocesan Board of Finance. Thank you all!

This year, I wish to pay especial tribute to the Rev’d. Canon Jacqui Hyde, Sportily’s Interim Chair from April 2024. Jacqui’s time and passion along with her clear leadership has enabled the organisation to move into a new stage, with great strength for the future.

As a charity, ‘run by Christians, open to all’, prayer is at the heart of who we are. This is evident from Trustee meetings through to local sports activity and I would love to encourage you, as you read this report to pray for us. Pray for God’s continued blessing on the work of Sportily, on the lives of those with whom we interact and that as we encourage others to ‘give it a go’ and embrace the fun and challenge of sport we may see more and more of the transformation that that can bring.

Please do follow our journey by joining the supporters mailing list at http://www.sportily.org.uk or consider joining the team by emailing joinus@sportily.org.uk to find out more about Sportily.

Venerable Katrina Scott

Chair (from 7/7/2025)

www.sportily.org.uk

Objectives and activities

The vision for Sportily has been agreed by the trustees to be:

We are creating a network of fun-loving sport and activity groups where all children, young people and their families can try different sports, make new friends and encounter the Christian faith with others.

The objects of the charity, as set out in our Articles of Association are listed on page 19.

What we are about

Fluff it. Duff it. Score it. Smash it. Whatever you do, just give it a go. That’s our motto for sport and for life. We’re for jumping right in and going on new adventures together, as a team. We are a place for everyone to try different sports, make new friends and explore what life is all about.

Sportily believes in the transformative ‘power of sport and active lifestyles’ and recognises that sport and physical activity are a positive way to build integrated communities and help address societal issues such as poor health and wellbeing, social isolation and loneliness, delivering holistically healthier futures for all.

Sportily uses the word ‘sport’ to encompass all forms of physical activity, that aim to express or improve physical fitness, mental wellbeing and the formation of social relationships. Sportily locations use sport inclusively, to nourish and transform the wellbeing of both communities and individuals, with a strong emphasis on fun!

Working through partnerships with primary and secondary schools, churches and communities across Gloucestershire, our highly experienced, trained and qualified Sport and Faith Leaders and Coaches, lead a huge variety of sport and physical activity groups and residential camps for children, young people and families.

Sportily locations are places where everyone is encouraged, faith is explored, fullness of life experienced and leadership gifts are nurtured within our seven spaces community framework (Connect, Eat, Explore, Encounter, Serve, Contribute and Grow).

Across our network, Sportily is developing innovative new ways to financially support our work. Earned income streams from activity provision, school provision and paid for programmes along with stewardship giving, partnership support and charitable funding, all contribute to this.

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Those who ‘join in’ (beneficiaries of the charity)

Our focus is children, young people and their families who are:

Not churchgoers (the 95% not currently connected to church), but open to spirituality.
Up for giving sports and physical activities a go – they may have played sports before, or it may be their first time.
Neither competitive sports players, nor uninterested in being active.
Potentially less affluent or less able to access commercial leisure provision.
Living near one of our locations.

Key messages

Try sports : We are a place for anyone to try different sports and activities and have an amazing time while doing it.

Make friends : We are a place to hang out with friends, make new friends and be part of a group.

Explore faith : We are a place to explore the Christian faith and what life is all about in a fun and open way – if you want to.

The impact we seek to make (four strategic outcomes)

Sportily strives to see:

Children’s and young people’s lives, and their communities transformed through sport and physical activity.
People of all ages, especially the young, exploring and encountering the Christian faith in creative ways with others.
Contextually relevant new Christian communities established, primarily focused on younger generations who have had no significant engagement with church, with sport and physical activity at their core.

Leadership gifts and vocational calling identified, nurtured and invested in.

Sportily’s strategy centres around a belief in the transformative power of physical activity and the

Christian Faith to bring holistic health, wellbeing and fullness of life to individuals of all ages and entire communities.

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Core activity

Sportily delivers the following activities to drive our four strategic outcomes:

A diverse, wide range of high-quality local sport and physical activity provision.
School-based sport, wellbeing and faith-based programmes.
Investment in quality local sport and leisure facilities.
Intentional integrated sessions where faith is openly explored and opportunities to respond provided.
A leadership development programme which includes opportunities to gain experience through placements, volunteering or sessional worker opportunities.
The creation of new Christian faith communities using our 7 spaces framework, to which people are invited.

Achievements and performance

2025 Highlights and Overview

In 2025 Sportily:

Opened our first building – Innsworth Community Hall and undertook extensive renovation work, including the building of a new internal studio space. We launched a diverse activity programme at the Hall and have been encouraged to see how it has become a hub for community activity.
Delivered 105 sports holiday clubs, 40 of these as part of the Holiday, Activity and Food programme (HAF) for those in receipt of free school meals.
Established new school relationships and launched 3 specialist sports ministry projects designed around Pilates, Fitness and Dance.
Launched a second annual residential at the TRAC centre. This weekend for children in school years 5 and 6 complements our weeklong summer residential for young people.
Achieved a Learning Outside the Classroom and AdventureMark accreditation. These are industry recognised accreditations that recognise the quality of the activities we offer.
Undertook three recruitments to establish our Zone Leaders Team who will lead the development of our work across the five established Sportily Zones.
Recruited a Head of Leadership Development to take forward this key aspect of our work.
Developed a new programme for our community gym and launched a network fitness offer.
Saw strong growth in the number of sessions delivered and the number of participations in our sessions.
Kept our clear focus on children and young people with an encouraging gender balance in participations.
Delivered transformational impact in the lives of individuals and undertaken work to capture the stories and evidence of this.
Launched our first OFSTED registered Wraparound Care provision with clubs at Blakeney School. It is run by the brilliant local team and is supported by West Zone.
Continued to invest in the development and growth of our Pilates ministry programme.

www.sportily.org.uk

Delivered a playbook of Encounter spaces delivered throughout the network. In these spaces we created the context for spiritual and Christian faith experiences.
Supported 10 of the team to complete their Level 2 Multi Sports qualification. As a registered CIMPSA Employer we remain committed to investing in the professional development of our workforce.
Led school enrichment days at Dean Magna and The Cotswold School where we played lots of different sports, including the climbing wall, archery and tag archery and talked life with hundreds of young people.

The charity delivered its activities effectively during the year, as evidenced by increased participation levels, growth in programme delivery and the achievement of recognised quality accreditations. Feedback from participants and stakeholders indicates high levels of positive experiences.

Team Sportily

Our work is only made possible due to the commitment made by Team Sportily volunteers. Volunteers contributed 1,974 volunteering hours at sessions in 2025 (2024 – 2,910).

We have not included in our financial statements the value that volunteers bring through the time which they dedicate to our work and we thank them for their generosity.

In 2025 we appointed two volunteer Chaplains to the team – further enhancing the support we offer our team members.

Insights

hts
2022	2023	2024	2025
1,272	2,628	4,084	4,765	Sessions delivered
55	105	101	105	holiday club sessions run
41%	58%	65%	64%	of sessions areschool based
61	93	113	129	Average hours of delivery every week
32	46	48	51	different schools worked with
24,275	57,047	72,397	75,865	Participations
75%	87%	88%	86%	of participations by those agedunder 18
46%	48%	48%	49%	of participations byfemales

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As well as delivering high quality local sport and physical activity provision, helping people to have fun whilst leading healthy active lives, Sportily is committed to building community.

We monitor the evolution of our location-based communities monthly through our 7 spaces framework.

The following table shows the average inhabitation ratings from across all locations in the network for a sampled quarter each year (reporting didn’t begin until Sept 2022).

Whilst it should be noted that not all locations launched at the same time, nor do they develop at the same rate, we are encouraged to clearly see positive development in our inhabitation of each of the 7 spaces. This is a positive indicator that community is building and that we are providing opportunities for those who wish to, to explore and encounter the Christian faith within those forming communities, as per our strategic objectives and charitable aims.

	2022	2023	2024	2025
	(Oct-Dec)	(Apr – Jun)	(Apr – Jun)	(Apr – Jun)
Connect	3.96	4.57	4.80	5.18
Eat	2.13	3.19	2.73	3.50
Serve	2.25	2.52	2.47	2.39
Explore	2.21	3.05	3.03	3.18
Encounter	1.50	2.24	1.77	2.32
Contribute	1.46	1.81	1.80	1.96
Grow	1.08	1.48	1.83	2.50

www.sportily.org.uk

Locations

During 2025 Sportily was active in the following locations:

Cirencester, Cheltenham, Forest of Dean (Including specific work in; Newnham, Awre and Blakeney, Cinderford and Coleford), Gloucester City, Hunts Grove & Hardwicke, Hartpury Triangle,

Minchinhampton, Nailsworth, North Glos (Innsworth, Longford and Twigworth), Primary QuEST MAT, Stonehouse, Stroud Valleys (Brimscombe) and Thameshead.

Across all these areas we work with a wide range of partners, schools and many local churches. We are grateful to all of them for their support and partnership.

Key

North Zone East Zone South Zone West Zone Central Zone

Monitoring, evaluation and learning

Since September 2021 we have been collecting regular data about our activity. This has included quantitative data, qualitative feedback and stories and an annual impact survey. This information is monitored, reported and reviewed as part of our ongoing commitment to monitoring, evaluation and learning.

The trustees place great importance on ensuring that our activity and impact is measured and monitored appropriately. Key indicators, linked to our strategic plan, are reviewed by the Leadership Team monthly and reported each month to the trustees. Data is also made available to Location Leaders and Coaches to support the decisions they take regarding the development of their work.

In addition to this monitoring, stories and learning captured by the team are shared via our monthly internal newsletter with the Sport and Faith Team, Leadership Team and trustees.

Feedback and Impact

Feedback is continuously encouraged from participants, parents, teachers and volunteers. This is shared monthly with the team and trustees and helpfully demonstrates the impact we are having in line with our vision and objectives.

“Sportily gives me something fun to do; having fun is life”

Our 2025 survey, conducted in January 2026, was greatly encouraging and revealed that we continue to deliver impact in our key focus areas.

www.sportily.org.uk

This is what we heard from amongst the 142 survey respondents:

“Because of Sportily I’m doing more exercise and feel healthier. I also have fun in a friendly, safe environment with a happy atmosphere”

Under 18’s were more active than adults in 2025 and 7 in 10 people are more active since joining Sportily.

Sportily helps people enjoy being active (adults – 100%!) and helps people try different sports and activities (85%). 7 in 10 also enjoy helping other people to get active too.

Sportily helps people enjoy life more (73%) and learn new skills (86%). 6 in 10 feel they can talk to people at Sportily about things going on in their life.

Sportily makes people feel welcome (90%), helps them feel part of a group (81%) and helps them make new friends (70%). But only 66% of people feel Sportily helps them use their gifts and skills to help and encourage other people.

As with previous years’, about 1 in 3 feel that Sportily helps them talk with and about God . Only 1 in 10 regularly go to church, but 4 in 10 would call themselves a Christian and feel that God is interested in them .

“I can try new things and feel included. I can be more active, strong and healthy.”

We also asked people why they find it hard to join in with sport and exercise.

Three responses came out as most significant: they don’t have the time, they are worried they won’t be very good, and for under 18’s, they don’t want to go on their own.

In 2026 we will be looking at how we can reduce these barriers for people so that more people are able to experience the benefits of joining in with Sportily activities.

“It’s really fun trying new sports and playing sports with my friends”

“Being part of the community; the people help me a lot, they are really kind”

As a result of Sportily’s work, beneficiaries have experienced measurable improvements in physical activity levels, confidence, social connection and overall wellbeing. Many participants report becoming more active, developing new friendships and feeling a stronger sense of belonging, demonstrating a clear positive change in their personal circumstances.

www.sportily.org.uk

Strategic plans for future periods

In November 2024 the Gloucester Diocesan Bishop’s Council received and reviewed our internally produced ‘Progress review 2021-2024’.

There was much to celebrate from this period, and it was clear that Sportily has focused its resources on the advancement and achievement of the key priorities which were agreed by Bishop’s Council when the initial 5-year funding arrangement was approved in November 2020.

At the November 2024 meeting, Bishop’s Council agreed to designate further funds to support Sportily’s work to 31 December 2030. This second period of funding had been indicated in the original 2020 paper, and this meeting confirmed that funding and Council’s ongoing commitment to seeing Sportily realise its vision.

In November 2025 an update was provided to Bishop’s Council charting progress in the previous 12month period.

As we move into 2026, the Leadership Team and trustees have agreed a new strategic plan to cover the second five-year period for Sportily. This strategy builds on the previous 2023-2025 strategy and is firmly built around the delivery of our vision and offers a set of KPIs that can be monitored monthly.

Priorities for 2026 have been identified as:

1) Establish a rhythm of Encounter spaces in each zone utilising the new Encounter Space Playbook and trial a seasonal Grow space resource
2) Develop each Sportily location so that it features all of the ‘ foundational building blocks’ .
3) Increase attendance at income generating sessions .
4) Develop our schools offer , creating a coherent ‘menu’ of activities to offer and refining how we present our offer to schools.
5) Investing in young leadership development through a newly developed and coordinated programme.

In the long term, Sportily aims to create sustained improvements in physical health, wellbeing and community connection, alongside developing future leaders and establishing new community-based networks. This contributes to both individual outcomes and stronger, more connected communities.

Safeguarding

Sportily is proud to hold a Safeguarding Standards Award with Thirtyone:Eight.

The Safeguarding Standards Award signifies our adherence to best practices in safeguarding. It reflects our dedication to creating a safe and nurturing environment, where everyone can thrive without fear of harm. Achieving this award involved rigorous assessments, thorough training, and an ongoing commitment to improving our safeguarding practices.

At Sportily, safeguarding is at the heart of everything we do. We believe that everyone has the right to feel safe and supported, which is why we have implemented comprehensive safeguarding policies and procedures. Our team undergoes regular training to stay informed about the latest safeguarding practices, ensuring we can respond effectively to any concerns.

Information about our commitment to safeguarding can be found here.

Our safeguarding policy was reviewed and approved by the Board of Trustees at their February 2026 meeting. All employees, workers and volunteers are asked to read the policy as part of their induction

www.sportily.org.uk

process and the updated version was circulated to all team members after it was approved by the Board.

A Service Level Agreement between the Gloucester Diocesan Board of Finance and Sportily was renewed on 23 July 2024 and will run for a three-year period and is reviewed annually by the trustees. The Agreement covers:

Advice on all aspects of safeguarding legislation, statutory provisions, national church requirements and good practice in safeguarding responsibilities of Sportily.
Leading on, and reporting to Sportily on, all policy development, practice guidance, risk management and risk assessments for Sportily including annual planning.
Advice on all day-to-day supervision and management of safeguarding practice for named employees and volunteers.
The audit of Sportily’s HR/personnel records as they relate to safer recruitment including the management of blemished disclosures (including DBS checks and training records).
Management of all Advice and Guidance records; specific safeguarding case files and case related data in line with Data Protection requirements – all in line with Sportily Safeguarding Policy and practice guidance.
Oversight and supervision of all contracts of behaviour, agreements for them, annual and other review processes.

An updated Safeguarding Strategic Plan, developed with support from the Diocesan Safeguarding Team, was adopted by the trustees at their October 2025 meeting and covers the period through to September 2026. This plan builds upon work achieved through the previous Safeguarding Strategic Plan. Chris Priddy (Co-CEO) continues to be a member of the Diocesan Safeguarding Advisory Panel providing a direct link between the Designated Safeguarding Leads and the safeguarding oversight structures of the Diocese.

Jackie Colburn continues to serve as our Lead Trustee for Safeguarding, having been appointed to the role in 2023.

The Sportily trustees, with the Leadership Team, have complied with the duty to have ‘due regard’ to the House of Bishops’ Safeguarding Policy and Practice Guidance.

Financial Review

Good financial management, investment from the Gloucester Diocesan Board of Finance (GDBF) and reduced spending due to delays in appointments, means that cash flow is healthy and we are able to meet our commitment to our reserves policy.

Management accounts are received and reviewed monthly by the Leadership Team and Board with a financial update presented to every trustee’s meeting.

For the year ended 31 December 2025, we had an overall deficit of £12,995.

We are grateful for our individual financial supporters and church partners. Their generous support enables our work to continue across our network. Fortnightly communication with our supporters takes place, with further local communications led by our team in each location.

Total income for the year was £1,160,724 (2024 - £968,035) .

www.sportily.org.uk

47% of our total income related to the core grant from the GDBF (£539,745), 27% other grants, 18% was generated by the activities we provided, 5% from gifts, and 3% from other sources.

In this financial year £1,173,719 (2024 - £990,365) was spent on delivery of our objectives.

76% of this was spent on staff costs, with 24% spent on equipment, resources and support services that enabled the delivery of the activities of the charity.

At 31 December 2025, the total funds of the charity stand at £810,285 (2024 - £823,280). Of this £20,210 was held as restricted funds and £790,075 as unrestricted funds. The value of tangible fixed assets held by the charity was £163,623.

For the year ending 31 December 2026, the trustees have agreed an operating budget with a deficit of £30,851. This budget sees continued investment in delivery of our core objectives with 81% committed to staffing costs. The 2026 budget requires us to raise £148k in additional funding to support our Leadership Development Project and Pioneer Sports Minister roles. The trustees have noted this risk and monitoring is in place.

The trustees expect to still be able to meet the organisation’s reserves policy at the end of 2026 (see below).

Designated Funds

Partnership Area Designated Fund

At the time of the merger with PSALMS it was agreed by the trustees that £150,000 would be designated within the charity’s accounts to support the continuation of long-term church partnership work in Beacon, Thameshead, Stonehouse and Nailsworth. The fund was allocated 25% to each of these locations, with funds allocated for Beacon, Stonehouse and Nailsworth having been utilised fully in previous years.

No withdrawals from the fund were made in 2025.

Activities in Thameshead continued but no funds were required to be drawn down from Designated Funds to support this work. The fund balance at the end of 2025 is therefore reported as £37,500. The fund is not restricted.

Strategic Projects Designated Fund

In January 2023 the Trustees created a second Designated Fund by setting aside £200k as a ‘Strategic Projects Fund’. This fund is not restricted and is intended for one-off strategic expenditures, where alternative funding cannot realistically be secured. It is not a grant making fund and applications are not invited from any bodies external to Sportily.

Proposals for the use of these funds are developed with input from the Leadership Team and must be of strategic value within Sportily, clearly supporting the advancement of the Sportily vision and/or enhancing our delivery capabilities. Final approval is subject to expenditure authorisation limits and final sign off by a Board member. £30,000 is budgeted for use from the fund in 2026.

£13,585 was drawn down from the fund in 2025 a proposal relating to three agreed proposals. These related to the purchase of ArcheryTag equipment (£2,572), the purchase of new Auto Belay Devices (£7,013) and a Dance Project (£4,000). The fund balance at the end of 2025 is therefore reported as £166,575.

Restricted Funds

Funds given towards work undertaken in specific geographical locations or projects is treated as restricted and only used to enable work in that specific location or project. Levels of restricted funding

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and details of their restrictions are reported monthly in the management accounts. As work is continuing in these locations and projects, these funds will continue to be used for the purposes for which they were given.

At the end of 2025, the aggregated total restricted funds carried forward were £20,210.

Going concern

The trustees consider that there are no material uncertainties about Sportily’s ability to continue as a going concern. The current state of our Balance Sheet, coupled with forecasting and strong budgetary management, gives confidence to our Going Concern assessment and ability to operate sustainably. This is supported by the financial investment of the Gloucester Diocesan Board of Finance, currently confirmed for the 2021-2030 period.

Accordingly, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the future and do not believe that there are any material uncertainties as to the going concern of the charity. Therefore, the trustees are content that the charity continues to adopt the going concern basis of accounting in preparing the annual accounts.

Reserves policy

The Trustees consider it prudent to set the target level of General Fund reserves retained by the charity at between three and six months of normal ongoing charitable expenditure. Therefore, our target level of General Fund reserves as we enter 2026, based on the 2026 approved budget, is between £322k and £644k.

At 31 December 2025, the level of General Fund is £586,000, equating to 5.5 months of normal ongoing charitable expenditure.

In addition to the General Fund, the Trustees have set aside designated funds as described above in this Financial Review and in note 16 to the financial statements.

The level of reserves is reviewed annually as part of the process for budget preparations for the following year and is agreed after giving consideration to the following:

The charity’s objectives and current strategy for delivery;
The charity’s risk assessment and current appetite for risk, noting risks that pose significant impact to the financial health of the organisation and the confidence held in the mitigating actions for these risks;
The funding arrangement with the Gloucester Diocesan Board of Finance which exists until the end of 2030;
Assessments of certainty, reliability and stability of income streams, considering recent performance trends;
Future plans for fundraising and income generation;
Levels and scope of committed expenditure;
Staffing expenditure commitments.

The level of reserves held in the General Fund is monitored on a monthly basis by the Co-CEOs and Lead Trustee for Finance, and reported to the trustees in financial updates.

Principal funding sources

In addition to the financial support received from the GDBF, Sportily relies on voluntary income, income from delivering activities and other grant income, including donations from partner churches,

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to fund our delivery.

When setting a ticket price for those activities for which a fee is charged, appropriate consideration is given to the context in which the activity is taking place, ensuring that cost is not a barrier to participation. Discount codes are regularly used to support this.

Fundraising policy

Sportily raises funds to support the delivery of its charitable objectives through donations from individuals, legacies, donations from organisations such as churches, grant applications, fundraising by third parties, sponsorship and gift aid.

The Sportily Fundraising Policy covers all the fundraising activities of Sportily detailing how these will be conducted and managed, to provide reassurance and transparency to our donors and stakeholders.

Sportily ensures that by undertaking fundraising activities we uphold any legal, statutory or regulatory requirements and maintain our reputation and adherence to our values.

All fundraising conducted complies with the Institute of Fundraising Regulator Code of Fundraising Practice and all relevant legislation.

Sportily registered with the Fundraising Regulator in 2022 and adheres to both the Institute of Fundraising Regulator Code of Fundraising Practice: Code of Fundraising Practice and the Charity Commission’s Guidance: https://www.gov.uk/government/organisations/charity-commission

Sportily takes active steps to engage with and express thanks to those who support the work of the charity on a regular basis. Sportily uses a variety of communication channels to effectively communicate regarding the work and impact of the charity with those who support it. Supporters are always treated with respect and individuals can change their contact preferences at any time. We never share names, addresses or other personal information with third parties for charity, commercial or fundraising purposes. During the year no legacies were received, nor any restricted funds relating to legacies held. During the year no complaints relating to our fundraising activity were received.

Treasury policy

At 31 December 2025 Sportily held funds amounting to £636,909 in a CCLA Deposit Fund Account. This COIF Charities Deposit Fund is categorised as a short-term Low Volatility Net Asset Value Money Market Fund with same day access to funds available.

Withdrawals of £150,000 were made during the year and returns are recorded within the accounts. Cash flow is monitored monthly by the Leadership Team and reported to the Board at its meetings.

Income from the fund and bank account interest totalled £31,632 in 2025 (2024 - £40,118) .

Principal risks and uncertainties

Sportily has risk management policies and procedures in place, supported by an organisational level Risk Register.

The trustees have reviewed the risk assessment and discussed risk appetite, which has been set by risk category in the Risk Register. As we expand our work within a new vision the trustees recognised the need to take appropriate risks as we pioneer new approaches to mission and ministry. However, Sportily takes its responsibilities towards safeguarding extremely seriously and the trustees have stated that Sportily’s position in relation to all risks relating to safeguarding is to have an adverse appetite to risk.

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During the year, the Leadership Team carried out detailed reviews of the Risk Register, with risk management featuring regularly on the Leadership Team’s meeting agenda, considering delivery, safeguarding, governance, reputational, financial and operational risks. The major risks to which the charity is exposed have been reviewed and mitigating measures and controls put in place to ensure these risks are managed effectively.

Internal control risks are minimised by the implementation of procedures which are reviewed periodically to ensure that they continue to meet the needs of Sportily as a charitable company.

The trustees are satisfied of the suitability of the risk management procedures and the identification of risks carried out by the Leadership Team.

Sportily’s primary risks identified and managed during 2025 related to:

A failure to implement effective and robust Safeguarding policies, practices, processes and training;
A failure to effectively manage the buildings and facilities that we are responsible for.
A serious safeguarding incident occurring for which Sportily is held responsible or deemed to be an involved party;
A critical issue or incident occurring, including Health and Safety incidents at Sportily activities; A failure to achieve necessary income levels leading to long term financial unsustainability.

Mitigating actions taken to manage these risks:

These risks were managed through a range of control and continuous improvement measures, and systems and procedures which were monitored and regularly reviewed by the Leadership Team. Significant work was undertaken to ensure that we built robust systems and strong capabilities for building management in relation to Innsworth Community Hall and Minch Fitness Hub this year. Our safeguarding and Accident, Incident and Near-miss reporting systems were updated and are now more integrated with existing delivery systems. Activity delivery income sources were expanded, and this income grew on 2024 levels. A risk management update report is made to every Board meeting.

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Structure, governance and management

Governing document and constitution

Objects of the charity

The charitable objects ("the Objects") of Sportily are to:

Promote and assist the work, objects and purposes of the Church of England for the advancement of Christian faith, in particular (but not exclusively) by the development of specialist ministries based principally on sports and wellbeing particularly with children, young people and their families;
Act as a resource for children, young people and their families by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:
(a) advancing in life and relieving the needs of children, young people and their families by developing their skills, capacities and capabilities to enable them to participate in society;
(b) advancing education, in particular (but not exclusively) in relation to the Christian faith;
(c) providing or assisting in the provision of recreational and leisure time activities, equipment and facilities provided in the interests of social welfare, with a view to improving the conditions of life and health of such persons.
Advance such other objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such manner as the trustees may in their absolute discretion consider expedient for the better promotion and assistance of the work of the Church of England.

In advancing the Objects, the Charity may work in partnership with members of Churches Together in Britain and Ireland and members of the Evangelical Alliance.

Public benefit

The trustees are satisfied that the objects of the charity, and the activities to pursue them satisfy the principles of public benefit. Beyond individual beneficiaries, Sportily’s work contributes to wider societal benefits by improving community cohesion, reducing social isolation and supporting public health outcomes through increased physical activity. Our partnerships with schools, churches and community organisations extend this impact across local communities

The Charity Commission in its “Public Benefit: Rules For Charities” guidance states that there are two key principles to be met to show that an organisation’s aims are for the public benefit: first, there must be an identifiable benefit which is not outweighed by any detriment or harm; and secondly, the benefit must be to the public in general or a sufficient section of the public and not give rise to more than incidental personal benefit.

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Recruitment, appointment induction and training of trustees

The trustees act as both the trustees of the charity and the Directors of the charitable company for the purposes of the Companies Act.

Members of the Board of Trustees are Sportily volunteers. Those wishing to become trustees must complete the volunteer recruitment process and undertake Church of England safeguarding training. Volunteering as a trustee is a DBS eligible role.

Following application, applicants are interviewed by the Chair of the trustees (or nominated deputy) and at least one other trustee. Following interview, a recommendation shall be brought to the trustees for a vote (a majority in favour is required). If the trustees vote to accept the candidate, the volunteer recruitment process shall be completed prior to the person being confirmed into the position. The process is supported by the Company Secretary.

Trustees undertake induction and ongoing training as appropriate to ensure they are able to carry out their responsibilities effectively. The board keeps trustee training requirements under review, with particular focus on maintaining robust governance and effective oversight of risk.

In accordance with the Articles of Association trustees shall be communicant members in good standing of the Church of England or members/participants in good standing of a church affiliated to either Churches Together in Britain and Ireland or the Evangelical Alliance.

The normal initial term of office for trustees is three years, and a trustee shall be eligible for two further terms of three years. All trustee appointments are reported to the Bishop’s Council for Gloucester Diocese. During 2025 seven new trustees were appointed. One, Venerable Katrina Scott, was made by the member and six appointments were made by the Board following the full safer recruitment process.

Katrina Scott was appointed by the Board as Chair on 7/7/2025, following Rev’d. Jacqui Hyde’s resignation on 7/5/2025 and a short period where Sandra Millar served as Interim Chair (7/5/20257/7/2025). Our thanks are extended to Rev’d. Jacqui Hyde for her service.

Organisational structure

The Gloucester Diocesan Board of Finance is the sole member of the charitable company. The Leadership Team are responsible for the day-to-day running of Sportily.

The trustees have ultimate responsibility for the strategic leadership and the management of the affairs of Sportily in accordance with the Articles of Association and applicable law (including company law and charity law). The trustees seek to apply the principles set out in the Charity Governance Code. The trustees have a minimum of four scheduled meetings each year and meet physically or by video conference as necessary.

Appointments to the Leadership Team require a trustee to be on the interview panel. Recruitment to all employed posts requires the authorisation of one of the Co-CEOs who will consult with the Leadership Team and/or trustees as appropriate. Sportily operates within the Church of England Safeguarding framework and requirements. All Sportily employees and volunteers are classified as ‘Church Officers’ within this framework.

Statement of trustees’ responsibilities

The trustees (who are also Directors of Sportily for the purposes of company law) are responsible for preparing the annual report of the trustees (incorporating the Directors’ and Strategic Reports) and

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financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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;
Observe the methods and principles in the Charities SORP (FRS 102);
Make judgements and accounting estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards 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 business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and 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. 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.

The trustees confirm that:

So far as each trustee is aware, there is no relevant audit information of which the charitable company’s auditor is unaware;
The trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Qualifying third party indemnity provisions

During the reporting year and up to the date of this report, the charitable company maintained liability insurance and third-party indemnity provisions for its trustees, under which the charitable company has agreed to indemnify the trustees to the extent permitted by law in respect of all liabilities to third parties arising out of, or in connection with, the execution of their powers, duties and responsibilities as Directors of the charitable company.

Internal controls

The trustees have overall responsibility for the system of financial and other controls of the charitable company and for providing reassurance that:

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Its assets are safeguarded against unauthorised use;
Proper records are maintained and financial information used within the charitable company or for publication is reliable;
The charitable company complies with relevant laws and regulations.

It is recognised that such a system can provide only reasonable but not absolute assurance against errors and loss. Sportily operates a comprehensive annual planning and budgeting process which is approved by the trustees. Detailed monthly financial management reports are reviewed by the Leadership Team and reported to each trustees’ meeting. Financial performance is monitored and monthly reports made comparing actual results against activity targets and budget.

Sub-committees

The trustees currently have no formal sub-committees in operation.

Management and staff

The trustees delegate to the Leadership Team the day-to-day management of the charity and the implementation of policies and other decisions of the trustees.

Remuneration of employees

The members of the Leadership Team are the key management personnel (“KMP”) of the charity in charge of directing, controlling and operating Sportily on a day-to-day basis.

Members of the Leadership Team require a breadth and depth of expertise, experience, enterprise and credibility. As a relatively small Leadership Team it is important that we attract and recruit individuals of sufficient capability to enable the charity to deliver its stretching strategic plan. This is balanced with seeking to keep salary costs under control and ensuring that senior staff pay is connected to the pay of other staff.

Remuneration of all employees is reviewed annually and the process by which this is carried out is approved by the trustees. Details of the employment benefits paid to the Leadership Team during the year are included in the financial statements.

Declarations or interest and related parties

All trustees give of their time freely and no trustee received remuneration during the year. Details of trustees’ expenses and any related party transactions are disclosed in the financial statements.

Trustees are required to disclose all relevant interests and register them with the Company Secretary and in accordance with the Conflicts of Interest Policy. Trustees must also withdraw from decisions where a conflict of interest arises.

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Appointment of independent auditor

HaysMac LLP was appointed as independent auditor to the Gloucester Diocesan Board of Finance for the year. As Sportily is a subsidiary charity of the GDBF, it falls within the remit for the group audit. The trustees were therefore content to appoint HaysMac LLP to also carry out the Sportily audit.

The trustees submit their annual report and the audited financial statements for the year ended 31 December 2025. The financial statements comply with current statutory requirements, the Articles of Association and the Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102).

This trustees’ Annual Report, which incorporates the Strategic Report, was approved by the trustees in their capacity as Company Directors on 8 July 2026 and signed on their behalf by:

Venerable Katrina Scott Chair (from 7/7/2025)

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Independent Auditor’s Report to the Members of Sportily

Opinion

We have audited the financial statements of Sportily Ltd for the year ended 31 December 2025 which comprise the Statement of Financial Activities, Balance Sheet and Cashflow statement, notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Give a true and fair view of the state of the charitable company’s affairs as at 31 December 2025 and of the charitable company’s net movement in funds, including the income and expenditure, for the year then ended;
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
Have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with

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the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

The information given in the Trustees’ Report (which includes the strategic report and the directors’ report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The strategic report and the directors’ report included within the Trustees’ Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report (which incorporates the strategic report and the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Adequate accounting records have not been kept by the charitable company; or
The charitable company financial statements are not in agreement with the accounting records and returns; or
Certain disclosures of trustees’ remuneration specified by law are not made; or
We have not received all the information and explanations we require for our audit.

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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

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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.

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

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to safeguarding vulnerable beneficiaries, health and safety and employment (including taxation), and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011 and consider other factors such as payroll tax.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to the improper recognition of revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included:

Inspecting correspondence with regulators and tax authorities;
Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;
Evaluating management’s controls designed to prevent and detect irregularities;
Identifying and testing journals;
Challenging assumptions and judgements made by management in their critical accounting estimates.

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

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

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Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's member 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 member, as a body, for our audit work, for this report, or for the opinions we have formed.

Adam Halsey (Senior Statutory Auditor) For and on behalf of HaysMac LLP, Statutory Auditor 10 Queen Street Place, London, EC4R 1AG

Date: 5 August 2026

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Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2025

Unrestricted funds 2025 £ 558,007 210,023 31,632 40	Restricted funds 2025 £ 361,022 - - -	Total funds 2025 Total funds 2024 £ £ 919,029 768,752 210,023 157,467 31,632 40,118 40 1,698
799,702	361,022	1,160,724 968,035
944,181	229,538	1,173,719 990,365
944,181	229,538	1,173,719 990,365
(144,479)	131,484	(12,995) (22,330)
136,199	(136,199)	- -

(8,280)	(4,715)	(12,995) (22,330)
798,355 (8,280)	24,925 (4,715)	823,280 845,610 (12,995) (22,330)
790,075	20,210	810,285 823,280

The notes on pages 32 to 45 form part of these financial statements.

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Balance sheet

As at 31 December 2025

Note Tangible fixed assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total net assets Charity funds Restricted funds 16 Unrestricted funds 16 Total funds	2025 £ 163,623 27,888 672,212 700,100 (53,438) 646,662 810,285 20,210 790,075 810,285	2024 £ 20,037 19,820 870,890
		890,710 (87,467)
		803,243
		823,280
		24,925 798,355
		823,280

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies’ regime. The financial statements were approved and authorised for issue by the trustees on 8 July 2026 and signed on their behalf by:

Venerable Katrina Scott Chair

The notes on pages 32 to 45 form part of these financial statements.

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Statement of cash flows

For the year ended 31 December 2025

Note Cash flows from operating activities Net cash (used in) / provided by operating activities 18 Cash flows from investing activities Bank interest received Purchase of tangible fixed assets Net cash provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 19/20	2025 2024 £ £ (64,703) 9,466
	31,632 40,118 (165,607) (1,574)
	(133,975) 38,544
	(198,678) 48,010 870,890 822,880
	672,212 870,890

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Notes to the financial statements

For the year ended 31 December 2025

1. General information

Sportily Ltd is a charitable company, limited by guarantee, (registration number: 5505991 England and Wales) and registered with the Charity Commission (charity number: 1111077). The registered office address is Church House, 5 Denmark Road, Gloucester, GL1 3HW. The main principal activities of the charity involve sports activities and Christian faith activities.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

Sportily Ltd meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The current state of our Balance Sheet, coupled with forecasting and strong budgetary management, gives confidence to our Going Concern assessment and our ability to operate to the current horizon.

The balance sheet is currently healthy as are our cash reserves which meet our reserves policy requirements. Our reserves policy requires that 3 - 6 months of budgeted expenditure from General Fund are held.

The financial position is supported by the financial investment of the Gloucester Diocesan Board of Finance, now confirmed for the 2021-2030 ten-year period following the decisions of Bishop’s Council in October 2020 and November 2024. Yearly investment has been confirmed based on financial modelling for the period, with the annual amount varying according to projections.

An operating budget with a deficit of £30.8k has been agreed for 2026 and we expect to still be in a healthy position with regards to our balance sheet at the end of 2026.

Should the trustees be concerned about the financial position of the charity during the year, then a contingency of £173k has been agreed by Bishop’s Council for 2026 and can be drawn upon if required, subject to liaison with GDBF.

Following budget phasing analysis no significant peaks or troughs are predicted with regards to

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income or expenditure. Cashflow forecasts have been undertaken for the year ahead and cash will be managed by the Co-CEOs in such a way as to safely maximise available interest returns.

Our financial risk appetite for the year remains set at a level of ‘minimal’ with the Risk Register having been reviewed by the trustees at the beginning of the year. The trustees do not anticipate any unforeseen significant risk events for the period which would alter our Going Concern assessment.

The trustees consider that good financial management systems are in place and that there are no material uncertainties about Sportily’s ability to continue as a going concern.

2.3 Income

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

Grants from government bodies and other sources are received for specific projects/costs and are recognised in accordance with their individual terms and conditions. Income is recognised when the Charity has entitlement to the funds which is when any performance conditions attached are met, it is probable that the income will be received and the amount can be reliably measured. Grant income will be deferred if received in advance of meeting performance conditions or if the funder specifically states that the income must be spent in a future accounting period.

Contractual income and performance related grants are included in the SOFA only when the related goods or services have been delivered.

Interest is included in the accounts when receivable.

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

Gifts in kind are accounted for at a reasonable estimate of their value to the Charity or at the amount realised. Gifts in kind for use by the Charity are included in the SOFA as income when receivable.

Donated services and facilities are included in income (with an equivalent amount in

expenditure) only where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. These costs include central functions which are allocated to activity and area cost categories on a basis consistent with the use of resources, for example allocating property costs by floor area.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out centrally.

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Governance costs include the costs of preparation and examination of statutory accounts, the cost of trustees’ meetings, accountancy services, DBS, insurance and the cost of any legal advice to the trustees on governance or constitutional matters.

2.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets with a useful life of over 1 year and costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. The capitalisation limit was increased by the trustees from £750 at their February 2025 meeting.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a straight-line method from the month of purchase.

Depreciation is provided on the following bases:

Leasehold improvements Lifespan of the lease IT and office equipment 3 years Sports equipment 3 - 5 years depending on asset Motor vehicles 4 years Furniture 10 years

2.7 Debtors

Trade and other debtors are recognised at the settlement amount and prepayments are valued at the amount prepaid.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments.

2.9 Liabilities and provisions

Liabilities are recognised once there is a legal or constructive obligation that commits the Charity to the obligation.

2.10 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.

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2.11 Pensions

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

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity 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.

2.13 Volunteers

The value of any voluntary help received is not included in the accounts but is described in the trustees’ report.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Recognition of income from grants requires judgement. See note 2.3 for the accounting policy for grant income and note 4 for grant income accounted for in the year.

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Tangible fixed assets are depreciated over their estimated useful economic lives. The estimation of useful lives and residual values requires judgement and is reviewed annually. Changes in estimates may affect future depreciation charges and carrying values.

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4. Income from Grants and Donations

Unrestricted funds 2025 £ 539,745 - - 15.622 2,640	Restricted funds 2025 £ - 105,000 211,905 44,117 -	Total funds 2025 Total funds 2024 £ £ 539,745 540,836 105,000 106,000 211,905 47,636 59,739 71,699 2,640 2,581
558,007	361,022	919,029 768,752
		768,752
555,152	213,600

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5. Income from charitable activities

5. Income from charitable activities
Activity Delivery Income Total 2024 6. Investment income Investment income and bank interest Total 2024 7. Other income Other income Total 2024	Unrestricted funds 2025 £ 40	Unrestricted funds 2025 £ 210,023		Total funds 2025 Total funds 2024 £ £ 210,023 157,467
				157,467 Total funds 2025 Total funds 2024 £ £ 31,632 40,118
		157,467
		Unrestricted funds 2025 £ 31,632
				40,118 Total funds 2025 Total funds 2024 £ £ 40 1,698
			40,118
			Restricted funds 2025 £ -
				1,698
	1,698		-

www.sportily.org.uk

8. Analysis of expenditure by activities

Summary by fund type

Unrestricted funds 2025 £ 944,181	Restricted funds 2025 £ 229,538	Total funds 2025 Total funds 2024 £ £ 1,173,719 990,365 990,365 Total funds 2025 Total funds 2024 £ £ 1,173,719 990,365 990,365 Total funds 2025 Total funds 2024 £ £ 655,964 515,382 29,955 32,790 26,735 24,727 26,278 21,650 21,729 18,435 4,042 8,877 - 37,056

705,784	284,581
Activities undertaken 2025 £ 926,360	Support costs 2025 £ 247,359

803,293	187,072

		764,703 658,917

www.sportily.org.uk

Analysis of support costs Staff costs Governance costs: Fees, DBS and meetings Advertising and marketing Governance costs: Accounting software and services IT Consultancy Governance costs: Audit fees General Expenses Depreciation Postage and stationery Governance costs: Insurance CRM and digital tool costs Printing		Total funds 2025 Total funds 2024 £ £ 184,328 165,937 76,706 57,399 8,444 8,557 23,707 23,933 21,049 14,899 15,109 13,793 12,210 11,700 28,592 9,414 22,021 9,018 2,872 6,017 6,869 5,506 6,403 4,827 706 448
		409,016 331,448

10. Auditor's remuneration

The auditor's remuneration amounts to £10,175+VAT (2024 - £9,750+VAT).

11. Staff costs

11. Staff costs
Wages and salaries Social security costs Contributions to defined contribution pension schemes		2025 2024 £ £ 661,760 539,948 68,944 47,307 86,917 72,503
		817,621 659,758

www.sportily.org.uk

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

	2025	2024
	No.	No.
Average employees	31	24

In addition to the employees of the charity, the charity makes use of Sessional Workers who deliver work on an hourly basis. During the year, workers contributed the equivalent of 1.21 fte (2024 – 0.87 fte).

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

		2025	2024
		No.	No.
In the band £60,001	- £70,000	2	1

The total remuneration of the charity's key management employees, comprising 4 individuals was £191,694 ( 2024: 3 individuals, £166,622).

12. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits ( 2024: £NIL ) and expenses totalling £NIL were reimbursed to trustees ( 2024: £NIL ).

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www.sportily.org.uk
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13. Tangible fixed assets

Leasehold improvements £ - 150,964	Motor vehicles £ 15,098 -	Furniture £ 1,021 -	IT & Office Equipment £ 15,501	IT & Office Equipment £ 15,501	Sports Equipment Total £ £ 22,972 54,592 14,643 165,607
150,964	15,098	1,021	15,501		37,615 220,199
Leasehold improvements £ - 9,435	Motor vehicles £ 11,010 3,774	Furniture £ 1,021 -	IT & Office Equipment £ 13,575 1,051		Sports Equipment Total £ £ 8,949 34,555 7,761 22,021
9,435	14,784	1,021		14,626	16,710 56,576
141,529	314	-		875	20,905 163,623
-	4,088	-		1,926	14,023 20,037
income				2025 2024 £ £ 26,240 19,077 1,648 743 27,888 19,820

www.sportily.org.uk

15. Creditors: Amounts falling due within one year

15. Creditors: Amounts falling due within one year
Trade creditors Other creditors Accruals and deferred income Deferred income at 1 January Movement in resources deferred during the year Deferred income at 31 December		2025 2024 £ £ 11,004 12,888 12,066 9,065 30,368 65,514
		53,438 87,467
		2025 2024 £ £ 20,203 5,722 (7,414) 14,481
		12,789 20,203

16. Statement of funds

16. Statement of funds
Unrestricted funds Designated funds Partnership Areas Fund Strategic Projects Fund General funds General funds Total Unrestricted funds	Balance at 1 January 2025 Income Expenditure Transfers in/(out) Balance at 31 December 2025 £ £ £ £ £ 37,500 - - - 37,500 180,160 - - (13,585) 166,575
	217,660 - - (13,585) 204,075
	580,695 799,702 (944,181) 149,784 586,000
	798,355 799,702 (944,181) 136,199 790,075

www.sportily.org.uk

- 20,770 4,155	182,509 19,300 159,213	(46,310) (19,860) (163,368)	(136,199) - - 20,210 - -
24,925	361,022	(229,538)	(136,199) 20,210
823,280	1,160,724	(1,173,719)	- 810,285
	Income £ - -	Expenditure £ - -	Transfers in/(out) Balance at 31 December 2024 £ £ (37,500) 37,500 (3,000) 180,160
258,160	-	-	(40,500) 217,660
491,544	754,435	(705,784)	40,500 580,695
749,704	754,435	(705,784)	- 798,355
Balance at 1 January 2024 34,029 22,707 25,848 13,322	Income 10,251 15,000 19,300 169,049	Expenditure (44,280) (37,707) (24,378) (178,216)	Transfers in/(out) Balance at 31 December 2024 - - - - - 20,770 - 4,155
95,906	213,600	(284,581)	- 24,925
845,610	968,035	(990,365)	- 823,280

www.sportily.org.uk

Designated funds - Partnership Areas

At the point of merger in January 2021, it was agreed between the outgoing PSALMS Board of Trustees and the incoming Board, that £150k would be set aside to support work in the longstanding PSALMS church partnership areas of Beacon, Thameshead, Stonehouse and Nailsworth. The funds were designated to be used to cover any deficits reported in the restricted funds for those four areas. The fund was allocated 25% to each of these locations.

The fund balance at the end of 2025 is therefore reported as £37,500. This balance represents the 25% allocated to support ongoing work in the Thameshead area, the allocations for Beacon, Stonehouse and Nailsworth having been drawn down in previous years.

This fund represents an agreement that was made as part of the merger for this designation which it intends to honour in good faith. The Board has agreed at this time to maintain this designated fund in the accounts and to monitor its use each year.

Designated funds – Strategic Projects

In January 2022 the trustees took the decision to create a designated fund intended to provide support for one off strategic expenditures within the organisation, where alternative funding cannot realistically be secured.

Projects utilising these funds are of strategic value within Sportily, clearly support the advancement of the Sportily vision and/or enhance our delivery capabilities.

Restricted funds

Some grants and voluntary income is received to be used to enable operations in specific named project locations in which Sportily operates. These Locations Funds are restricted for use and used to cover the salaries and direct costs delivering charitable purposes in these locations.

In 2025 eighteen locations were identified within the accounts and restricted gifts and/or grants were received to support work in thirteen of them.

Within the funds, sixteen locations had no restricted funds remaining at the end of the year, two are in a positive position – showing aggregated total restricted funds carried forward of £20,210 (2024 – 24,926). Two of these funds were above the materiality limit and therefore shown within the accounts (Innsworth Hall and Thameshead).

Transfers

A transfer has been made from designated funds to general funds totalling £13,585. This represents the £13,585 transferred out of the Strategic Projects Designated Fund to cover the cost of the approved projects. The transfer was approved by the trustees.

www.sportily.org.uk

17. Analysis of net assets between funds

17. Analysis of net assets between funds
Analysis of net assets between funds –current year Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 £ £ £ Tangible fixed assets 163,623 - 163,623 Current assets 679,890 20,210 700,100 Creditors due within one year (53,438) - (53,438) Total 790,075 20,210 810,285 Analysis of net assets between funds – prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 £ £ £ Tangible fixed assets 20,037 - 20,037 Current assets 865,785 24,925 890,710 Creditors due within one year (87,467) - (87,467) Total 798,355 24,925 823,280 18. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 £ £ Net (expenditure) for the year (as per Statement of Financial Activities) (12,995) (22,330) Adjustments for: Depreciation charges 22,021 12,793 Decrease/(Increase) in debtors (8,068) 10,799 (Decrease)/Increase in creditors (34,029) 48,322 Interest received (31,632) (40,118) Net cash (used in)/provided by operating activities (64,703) 9,466	Unrestricted funds 2025 £ 163,623 679,890 (53,438)	Restricted funds 2025 Total funds 2025 £ £ - 163,623 20,210 700,100 - (53,438)
	790,075	20,210 810,285
	Unrestricted funds 2024 £ 20,037 865,785 (87,467)	Restricted funds 2024 Total funds 2024 £ £ - 20,037 24,925 890,710 - (87,467)
	798,355	24,925 823,280
		(64,703) 9,466

www.sportily.org.uk

19. Analysis of cash and cash equivalents

Cash at bank Total cash and cash equivalents 20. Analysis of changes in net debt Cash at bank		At 1 January 2025 £ 870,890	2025 2024 £ £ 672,212 870,890
			672,212 870,890
			Cash flows At 31 December 2025 £ £ (198,678) 672,212

21. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The pension cost charge represents contributions payable by the charity to the fund and amounted to £86,917 ( 2024 - £ 72,503 ). £12,066 ( 2024 - £9,065 ) was payable to the fund at the balance sheet date and is included in creditors.

22. Related party transactions

Sportily Ltd is a wholly owned (100%) subsidiary of Gloucester Diocesan Board of Finance (GDBF) and received funds from the GDBF as listed in the accounts.

£644,745 (2024 - £646,386) was received from the member charity in funding.

£8,506 (2024 - £8,113) was paid to the member charity for services provided.

£250 (2024 - £Nil) was paid to the family member of a KMP individual for delivery of services.

2 trustees of Sportily who served during 2025 (2024 - 3) were also trustees of the member charity.

1 trustee of Sportily who served during 2025 (2024 - 1) was employed by the member charity.

23. Controlling party

The ultimate parent undertaking and controlling party is Gloucester Diocesan Board of Finance, a registered charity and company limited by guarantee in England and Wales (company number 00162165, charity number 251234). A copy of that company's financial statements is available from The Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

Details regarding the powers of the controlling party are specified within the Articles of Association, filed with the Charity Commission. The GDBF is the sole member for the purposes of company law, and this membership is not transferrable. The GDBF has certain rights under company law and also under Sportily's Articles of Association, including to alter the Articles, appoint and remove trustees and wind up Sportily. The Sportily Board comprises at least three trustees appointed by the member.

Sportily Ltd

Report of the trustees (incorporating the Directors’ report) for the year ended 31 December 2025

Contents

Reference and administrative details of the charity,

its trustees and advisers

Introduction

Venerable Katrina Scott

Objectives and activities

We are creating a network of fun-loving sport and activity groups where all children, young people and their families can try different sports, make new friends and encounter the Christian faith with others.

What we are about

Those who ‘join in’ (beneficiaries of the charity)

Key messages

Core activity

Achievements and performance

2025 Highlights and Overview

Team Sportily

Insights

Locations

Key

Monitoring, evaluation and learning

Feedback and Impact

“Sportily gives me something fun to do; having fun is life”

We also asked people why they find it hard to join in with sport and exercise.

Strategic plans for future periods

Safeguarding

Sportily is proud to hold a Safeguarding Standards Award with Thirtyone:Eight.

Financial Review

Designated Funds

Partnership Area Designated Fund

Strategic Projects Designated Fund

Restricted Funds

Going concern

Reserves policy

Principal funding sources

Fundraising policy

Treasury policy

Principal risks and uncertainties

Sportily’s primary risks identified and managed during 2025 related to:

Mitigating actions taken to manage these risks:

Structure, governance and management

Governing document and constitution

Objects of the charity

Public benefit

Recruitment, appointment induction and training of trustees

Organisational structure

Statement of trustees’ responsibilities

Qualifying third party indemnity provisions

Internal controls

Sub-committees

Management and staff

Remuneration of employees

Declarations or interest and related parties

Appointment of independent auditor

Independent Auditor’s Report to the Members of Sportily

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of trustees for the financial statements

Auditor’s responsibilities for the audit of the financial statements

Use of our report

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2025

Balance sheet

Venerable Katrina Scott Chair

Statement of cash flows

For the year ended 31 December 2025

Notes to the financial statements

1. General information

2. Accounting policies

2.1 Basis of preparation of financial statements

2.2 Going concern

2.3 Income

2.4 Expenditure

2.5 Taxation

2.6 Tangible fixed assets and depreciation

2.7 Debtors

2.8 Cash at bank and in hand