REGISTERED Co1PANy Tr*UMBEIL. 05526637 nE14nd 4nd WAEts1 REGISTERED CHARITY 14UMBER: J J14673 Re1 otthe Trwtees for tbe Yur Ett&d 31 Manb 2022 ASSOCIATION FOR PHYSJCAL EDUCATION Haines Walts Birn1ingh LLP 5- 6 Greenfi¢ld Crcsceni EdgbaAoTh BirtnÈnOJam B153BE
)CIATION FOR PHYSICAL EDUCATION f•r tht yerénded JI Marcb 2022 Pagt Refereace nd AdttthDiknlive Ilrf¥ Reprt of the Trw51e ReFth of the IndeptAdtDt Attdltor 12 to 14 StiemeDt o(FloAklI Acliviti J5 Bala1e Sheel 16 Cth Fkn StternEnt 17 Notes to iht C*5h Floiv Ststemewjt 18 19 to 27
ASSOCIATION FOR PHYSICAL EDUCATION Rtftmee •Dd AdDnIStthE Ile¢•i for thtytr t4ded 31 Mrt& 2022 TRUSTEES J K¢ay{(b•ir) J Ha]$ R Neal A Tansl¢y K Bali J Multhy S sak COMPANY SECRETARY S Wtlkitis REGISTERED OFFICE R(xKn 117. Bt ilniv¢Ts1tyOfW(Ctsttt Hellwick Grov¢ wLYCe¢r Wotcest¢rshire REGISTERED cOmPV NUMBER 05526637 (F4]Dd and W81fs) REGIKfERED CHATy NiJMBER 1114673 AUDITORS Haines Watts BirmÉnglm LLP 5- 6 Grttnfield CreeTht Binningham BIS 3BE PaBe I
SSOCIATION FOR PHYSICAL EDUCATION f•r th¢ yw ended 31 MAreh 2022 Th¢ Tnjsiees pre5enl their annu Tepm iogether with the fitwjcial swi¢ments and Audit5, report of th¢ Charity for the y¢8r ended 31 Marth 2(122. which are also prrpwed ro mett therequir¢mAts a dir¢¢(ors' rqffi a]Jd a¢tounts for Cwits Acl pwp)srs. The financial ststemetsts ciKbply with th¢ awitirs Aa 2011. the c(KUpl¢S Act 21W the attd Arttcl¢s of Association, and Ac¢w)iing and Reptriing byChariti¢s.' Sthicmeni of Ret(mn]ncnd[ Practi¢e applicable to charities preparing their account5 uj ar(Ydan¢e with the Finatstial Reing Stsndard applicable itt the UK and R¢pvblic of Ireland IFRS 1021 (effe¢tive l Jahuary20191 Tru5ttes of the Chatlty The dir#tfKs ofthe charitsbl¢ Clryany are lis Intres the pw[K5 of ¢harity law. The who serv during the y¢aT and since the 5wr end follow5". resil¢d 30Je 2021 -app)int I S¢ptemt¢r 2021 J Kvay K Bali J Harris J Mulcahy S MdaY R N¢01 S Speak M Sitvens A Tartsley -gEp)ind As ¢wTee l Jtme 2019. ¢irnt tcrn? t(llneed 31 July2022 -rfsigned 31 Juty2022 CHAIR'S REPORT In my first year as Chair of alPE l am pleawj to reptst that the (rgaThisarion has ¢TElled to develop and ¢xt¢nd its servitts to m¢mt¢rs. Ji has rewvered VRII the challu)ges eX1Ced during th¢ pandemic and has maintained the in membffship aChI¢v durnjg the wevi(x]s two years. This 111¥t l11th i5 a result of thc hard work of th¢ CEO and pwmaDent staffing and also the cc4JtritlIolls of ethL5ultsnt5. mcmixr5. •ssrKiaies and patthtrs. As is the nwm, edtscatiim aThl CwHnnK411 wlicy. strategtts wi(nti¢s dkange so alPE must keep cuEraJt and Inov¢ with th¢ times,. J am delighted 10 say we ha resp¢j¢d ovu the last 12 mthths viith posi¢iiryry and and ensured thai we have pla1 a traI tAn in thaping CUTh1 and fimw¢ d¢Ve1q)men Alf¥ng with nationa] pBrmws, atPE ha5 4t the forefront of cotliinuthg to supwKI aThd d¢velLV.' UJ tArticular. the DEparTheni f(v EducaiiLm'S Primary PE & premiutn advice and guidan¢e 10 xhools aud the Sport Fnglgnd Stt4)ndary Teacher Trainlljg Programm¢. atPE has also Trxen higbly visible and influcnlial in iis Sup f( schoDl$ aud th¢ %ctor with regards to the first year of the Impl¢mtatI¢J of th¢ Ofsd Eth]c8tr(AJ In5peth(m Framew fflFI. afPE continued TO Contrite to th¢ All Party Parli8mthiary GrixEP'S IAPPG) work 'A Fil artd Healthy Chtl(th(Mxl'. The CEO. Maff and consultant teAm have work¢d r¢laJtlcssJy ov¢r the aud have tralled far wryde. sweaiknjg the afPE m¢ssag¢ ond hav¢ prented ai * large thumber of key nati¢)nal clnftrences even15 incI[lng th¢ Acadcmies Show lone of the largest Ucati1 conf¢rcn¢cs in the UK) wthete the CEO delived ¢ of the key Nesentatio)& afPE has ¢4niinued ro support Govern1 dcpartmenl4 in the Depthrkni for Edurati(B) (DfEI a pleihtra of expErl guidan¢¢ aDd insight. Th¢ As8tlaTi trLas also invol%rd Trth 8 large of Dalt(al parmus in the dtvelw)melli of straie8ies 10 suprth the implernentotion of the Sch[ and Phl) Auiiryty Aciioth Plan. We have be¢Th d¢light 10 See the early itnpaas of our PE TaskfoT(t. thaed by Edward Timpson CBE MP. We are very Erdieful. in addition. to ow ¢olleaBucs * Utiiied LaTtkEug f(w their help and iti the taskfwtr's r¢¢thnlloll of dJJwg the statu5 of PE w a cwt subject i a real wixld 5ettrng_ atPE retDaiThs th¢UK's single PE Subi*t A55]ti and its place as of the C(xmctl flx Subrn As8LKiatirns IctSAI at)d we continu¢ to k h)lY influenital. ¢redible aTKI Top¢ct¢d within and the education s¢dor. Building ffl th¢ r¢vtew of lh¢ work outlined in the 2017.2021 Str8ie8i¢ Plffj the Tn¢t$ have wrxked the CEO and staff to agree 3 5trat¢gic (lirethit for the nexi thtce )raT5. The pEan is ruSed on three {Jectives.. 11 Supp(wl the CT¢ation of a tlighly skilled kforce. 21 tkljvE excellemi mcmbtr sthices," 31 Work io int]uence p)licy and decision makin8 10 deliver real wwld impa. Thcs¢ cknjectivts nowKuide the of th¢ Asscaatl. Pa8e 2
SSOCIATION FORPHYSICAL EDUCATION Report of the Trust r•r Iht yeréndtd 31 Mxrrb 2022 CHAIR'S REPORT{cthitinued) Th¢ ASS1111 has a risk register which is T¢gularly trt trder io ensure VK ar¢ fully awe of changes affecting our work and aJ¢ able 10 when Urtex1 issw5 impaa the work of the Ass(Kiati(xi. The Asslati¢M is in a The81th NL¥itii aThd th¢ Tnwtts. in coThjut)ciisM wyth the 5tsff, have cnsuring a $ustallJable lthtl of financial tillY ittc17g controlling the cost bax Mthil# stradily growing the Wancc she¢t_ We havc maintained OUT level of busine55 acriNity and the nwrtFr of Business ASslat¢S is •r 54 gjjd m(6t si8nificautly &TrE has incrus¢d its membership level. Dyilc recent sthffing th"fficulites iti tht finance ar¢4 with a Te¢eni appomth)uJi atld stsff taking adth"tionai re4x)nsibilitics, have b¢¢n abl¢ to over¢Lxne these dLaUett8 As stsied ith wevi(Rts AnTr1 Rcpxts. thc Tnjstees ¢4n that atPE has cnswed thai ow members are fully infornied m naticoal PE SKKYL r&1£[ h#ivity al 5ectw ut#Ja& whith ID turn has thiv¢n wbslantial m¢dia traffit to alPE. atPE has ciyntinued to llnd bJild adth"i1(a] rapacity thrngh e5tsbltshing n¢w pamerthips atld increasthg its onsulrani base. whilst raainujg its vdlu¢s aT commiimaji io delivering a high level of to its manE¢rs and the wider sedor. Thi& alg$Ide the need and rise in tAJsincss a¢iiN7ry. the substantial WOTk to compliance against the new UK Spon Govcrnanc¢ CLth and the extIll of mejnkns and nailal patTr)ers, has remained posi11 challe1) for atPE. The Board of TrllSt Etli¢ves thai afPE h85 riseth 10 the challfflJg¢ aTrd ¢onfideni thal the ASs(latiOn has remained the IJK re¢atiVe otganisaLiaJ of choic¢ fLf PW)le *Ld 8gthcies deltvering or supp(rt the de]ivttyof physical 5¢bwls aDd ID the widert4xttTDit. As alwa in conclusioT4 th¢ Tnwtts W1 like io con]1a1e and thank th¢ styff for their Qmiinued pa5Sith, hard work and commitmaji to aTrE duriDg tbi5 )vr. Ii has ttuj an easy a]Jd they have had to ov¢r¢ome somt stgnificani ¢hallenges they have work¢d hard 10 erjstwe the AS1117 meets the outcomes of the new alPE Strategic Plan (2022-20251. I wr¥Jid also pSallY like to th4nk my fellow TrUte$ theit suPt a[ in k¢eping the A53QCEalion trJ¢k and mLxJling its growth. F]na]ly, the Tnte$ would like 10 acknowledge the continuat loyaltyalld supp(xt of its menjlry not (nly ovu the past 12 mLMllhs ovtt the )taT5. This not go unooriced and Hs a rcsult havc teen able mairttain a so]id foundatitKt. Pag¢ 3
ASSOCIATION FORPHYSICAL EDUCATION Report oftht Trwte for the ytsr td 31 Marrb 2022 OBJECTIVES AND ACTIVTTJLS Obj¢¢tives aDd al The aJaTitys c¢)r¢ obj.e¢ as sd in its M¢mmndum of knociati 3T¢.' The advancemenl of high quality phjsical thlucaitin th¢ bcn¢fii of tbe pub]iG wticularly it not extlusively by Prod8 C(osui1th qualifi •thry¢e to the teachll wofcssi(o, Sch$ and othff st•lutY w government agencies. Th¢ Charitys aim is as foll¢M'. C¢)mmimKni to t¢ing the rewes¢ntsiiVe UK orgallisati frK Pr1¢ ¥nd agtncies deli%ttiti8 or 5uFoomg the deliveryof Phl(41 in Sch1# and TD the widw c(rnuttity. The strategies eplOYed lo Rthi¢ve the CThariW5 ai]Ths are .. l. [kMStrate the distiDctive rde of Ph1¢81 ed11 in thildrfm's •nd pIt'S d¢v¢l4ThKni and achievements. 2. Estsblish and &thl¢al educati(m * the heart of schwl life and whole sch(w)I dv¢lopmeni. thttyA8h supwrt for high quality learnillg and tcachin% researth: ethical lead1P.. and poliiically irrned &dv(Kacy and 3. Ralse awarettess of ph)siuJ ¢thKaiico's crnkn7Jtiths to pthli¢ he41th and tl1-beIng atyj in(Thsed p&rticipation 4. Play a l¢ading rol¢ in the developmcnl of 8 xYkf(rte wilh the skn'llsand qwlities io&%Bure high quality physical edutrdti(n aThd SE ID sth(M)Is attd iti the wider mUnIty. 5. Provid¢ high quality, lfeSSIOnal, s11&bIt services fw its mantr¢rs and FAmers. The criteria the Ch8rityused to assess success in th¢ rep8 wtre.. Clieni ftedback Across ¢ontracftl ¢ommittnakts In¢hing imernatithal • MetDtrr fecdbaek and satisfad1 rcgardmg value for nJw¢y . CoThsultsnr Mryews . Partller feedbB¢k. includutg civil ser¥aDts fr¢db•¢k I aTrFs 1ce aly$ the . The aRJrqJriate fi[n¢la1 m?8¢ment of all aLiviti¢s and ali10r&I¢t and fealba¢k Th¢ 51aius and qualily0fphlCal ¢th)raii in sth¢KTrls and its relaleit imw pupil a[rdS aT41 out¢18 Staff atlysiS and mMit(mg of the Tharitys k¢y wfrfmantt ithdtcatiw The 3i8nificant acliiryties dertaken knJiThg th¢ wve: • Created the Ptofts5iOTI InAttiJ for Accrethied E¢hvts. wilh SLQ 85 the accrediting p9m)er . Develop¢d the pjnfolio OfacerJted C1¥$¢ io include a level 4 in SEn8 Pupil$' Wel]lg Through Physkc41 Educatii • Providing ptofe&(xJa] learning to a $#iable in tslucati sclHK)I and ph]Cal activity {PESSPAI includtllg adaptivc tcadjing 10 Jnattage rbe Chall8¢$ of Covid . knplemtttiation of som¢ of the Task Firte rgCoMdati(ms iDcludDJg wtsi¢lJllg PE as a core subit¢t. sbariti8 wtih MiniA¢rs and thiil ser%rynts. Attrmd¢d the Wesiminsterdebale led by Edward Timp50n CBE. MO • On going 5UPPm lo DIE fff the rting th¢ Primary PE swKt induding signifieartt communlcations to the se • Worked with P8TthUS to en natiwal ddiv¢ry on key stsottgic initiativ¢s • ConiinithtioTh and expansi of free memlThs' webinars to wofes5ional learnlljg wjd generic webtthars f the wder workfor¢¢ • UpdaiinB ajjd c4)ntrih]tiDg to key kf(e ebange5 thelKg1th artd safety recommeJJdation5 for the sector • Jn¢r¢ased Syp$ to ITE thri) a natiujal advistr. a tsrEC newElettrr. aThd a dedi¢alLxt serninaT. as well the support for a do1ed netw(Kk day. chapters in PE Mallus • Reviewed Ihe NaIiiKl conf¢r¢n(% PLW Covid and LTeated a (xJ¢ dayeveThi • Responding io (he in¢reasttigneed5 of the Thvkfw¢e artd wthlucin8 r¢50UTttS io SUPWI the settor • Responding lo natimal ganISatis. t<Jsultstion5 induding Otsied athd the Swrt EnglaJ)d • B¢ing in a Pl1¢]¢ 10 ieswnd to gov¢nun¢ni iniTiativ&s andstratCV¢5. • TeThdtrkng for Sbgnkficani setltr t(otracts. Page 4
)CIATION FOR PHYSICAL EDUCATION r•r Iht yer emded 31 Mwch Z022 ObJ#tivts and (continued) These octiviti¢s (¢tr]lte kn the athi¢v¢m¢ni of thearilY$ aims and thJ"edives ty. . S¥pporting the scctor in idaJtifn& w(Tholing ar¥1 d¢ve11ng1hC rol¢ ofpE in sth(d . Emsuring that the aprywtaiely ttaincd to teach curriculutn PE . Forning thfferent parthcrships ro urdupuJ thesi8Difi£ant work of the (Yganisatify) to Sell ¢al impa¢t . Working alubg5ide pamiers and k¢ygovernmeTri derwthJeThts at natial straie8ic meetings 10 advttate the IMCe of PE. SS and P& whilA tating apwQEYiaaai<S r(Y impiemethiaii . B.g pan of a wider rtetwxxk 8rtyJp to stcer the dcl of Sch1 Adi(YL and ActivityAction plan . Enswing key pcrsonnel, inclwjing uvil servants the ethtrl1wti( of PE to pupils, health and eiiiotÈonal wellkning aThd it$ r¢laiimthip with cogniiive d¢vclwncnt through alPE's Head. Halld& Hean mokl . To pro1¢ guidance io SVPPLY¢ the dJ•nges within the EIF. Covid Identifyryn8, tsi8DiThg and d¢livvinghiglt quajiry profwithwl le4mmg mett theDeeds of the wrkfttce thai can k recognised as a sustaitiable miwkl for the wThkforce • Enswujg the w(Ykforce are able to sevjre acc111£ work (Ax identifitsl cottCts Such the SJ%xt En8LiTrd tsondary Srhoo15 pro[ . Sup5XKting the memlxrship 50 thal they acccss to advi¢¢ and suppm in all aspKts of the Fffofessithjal ¢ontexi inc1J bcalth ojjd safdy, Ibe SafediD% of chEIthD aud peiyle • FJJsuTing that all thildm and wg 1¢ ¢an be kq)i safe in PE. SP attd 1¢11 activities • OffuÈttg insurauce and employTDOt ¥tvi¢¢ to so thai frd thcyc4n cary out theirdwte5 m • way that Protecis them Èn (he wtykplace • Providing 4 5qvic¢ f(r mcmbers thatbWPPCfts emLXiJal wrllthin8. Publle betttflt sttsttsÈknt The TrUe¢S ha reviewed the athiviiits of the Tharity iti the li8ht of the guidantt publithed by the Charity CoTtlllliS5i(xJ publi¢ benefit. The Tnjsttts are 11Sfied thai the ClarEtys artiviiies ate foT the bliC inefit, relatitig &8 they do 10 the developTncnL estsblishment 3nd gwain¢d high qualiry PQ sprrt Ph1¢8[ a¢iiiryry acr$ the ¢duutiOD. st and physi¢l athiwty seeitt. This Itfi1$ the c(xJ]munty by deJnonstratin& raising awareness, supporting, gui(lin8 and advising (YA th¢ iroWYW)(e of thc upi4k¢ aDd FArtI¢ltI ill YsiCal ttluuti. atsd physi1 athiiity and its top]blic health and wtI1-Ing. Our volttDtttrs Thrwgh its mcmttrsbip. alPE UJCOUTages )d reuuits volwjieets lo aspxls of krs work includin8 v(ra¢y. reweselltstith aDd in SOTne th¢ d¢livfry of thc aTrE aims artd cty¢iives ai l(tAI. rtgicqJa] ajjd Dational l¢vel i.e. • Support worklllg groups and Srrtial Jnierest grws such as the knitial Teacher Education ITfEI N¢tWOTI the PE Maltffs Editorial group the Award4 cmmillee. rference planning th¢ variojs A]1 Party ParliamentsryGroups, DE and SP EE)giand cmstsltatith (XJ Yth£al literacy • Suppon pknning Represent atPE ai the Swxt and Rreall¢M Alli¢. th¢ Pnrywy UmiY¢lla and several APPGS . Prrnoie Wofessionall and the siatus of Fl]y5ical EducatiThJ Sch(x)I Stth aryl lth)sirnl Adivity IPESSPA) avi>ss th¢ Pb)si¢al Educati(n an¢J Schwl SpLYr (PESSI sethor. . Tnal resouTtes ond give feedback to d¢sigry and Iwtffjt h colleague5 inctuding elitc syoning pcrsonaliiies * Aci as rtwestntatives at various pts mtttiti8s incI]ng wwkiDg suth as th¢ ix)I sp)rt and tajjsiral actiwty sector group Attend Minis131 IKiefings • Chair variws evertis and medings • Rq>rescnt the mcmbcrship of th¢ wwisaii(m ai &xrd le1 . Opetaie on Avr4rds COrnltIec lo rnake TttLYMntils ioth¢ &wds . Operaie a rd Co opiions Committee Catryout ad hoc dutie5 at vari(A]s events. induthng rqycxnthi1L at third pw events. Th¢ Trustces lik¢ to tske this ro thwjk all mcmt¢rs. bJsme55 Assttiaies )d key partrjus giviD8 th¢iT tim¢ voluntarytosis to the K¥k ofthe ASS1811(. PaBe 5
ASSOCIATION FOR PHYSICAL EDUCATION Rtpwt of the Trwtees ror the vear ended 31 Mrth 2022 STRATEGIC REPORT A¢httvetthtknt #ttd perfor¥Dn¢e Charitable attltI The follong athieiEmenis allowed aE io delivera8ain all 5 capKrate (4"eaiw wthkinK iovArds the 8ctrLieveItKiJt of th¢ 2022 outc{cs.' . inLTcasing alPE's wesence to lead )d the PESSPA krCe thjrjng the Covid 19 P]¢. Thi5 rtstslted in live attend3nc¢ romprising 396 colleagues. 1.771 attthdance al recordiTrgs . Incre&%ed M¢binar actt&% for meTnkn5 Post live ¢v¢nt& through a mc(e efftIVe [wdIng Wcm aTrF. also c4)niinued the ITE Upjate Continued wih a hId vcr5È(xJ of suppm and Validation for the fjolity Mark Health and Safrfy Team woviditig goingadvice Covid On going Migati to ¢ nml¢Iiotl with memlKTS io cnswe sustsinabl¢ costs artd to improve the A$Sial'S ri7t[tnI io iDyovin8 ttje thvirthmaLtai sairyDg5 . Maintaining and iticYeasiDg afPE's r¢W¢s¢ntatI aDd role, iL¢luding suprth to s¢v¢ral Acriv¢ Par¢nu5hip5 {APsl 8md Sch] SP Partnetship5 ISSPs}. Thi5 aim w also fulfill by $ful delivay of a llumber of keynote addr¢ss¢& WLKkshq)s ai PE aDd CQDf¢r¢nces 11¢ workjrtg PJTthership atPE mtmbets. A SSPS and other paTthers including Bu"t&S Assrtiates, evenls. • afPE also l¢d 8Thd d¢l]v¢T several advi¢e and C115 and anicles regardit)s the effettive use of undsPd of the wijnary PE and spm Fff¢miwn . WoTked parmtrs to CThairand suprt the Black cCLImnW1th wti¢ leBa¢y8roup Supwt 10 the Blatk SIvimTning A59xialiTh) to raise the profile of the challth8e's tthic face reg•rdin8 swimming attainmcnt . CT¢at¢d a s1Mming rcsLwce with prthers to supwKt 5th]5 Athieving a IIKP/• SUCCeSS Wth th¢ reapplicaiirns fu Qua]ity MaTk. Incea%d th¢ number of ValidOr$ to suppon the reapp]l"eati wttess athd the gtrIC terni On-going wlatiThg of the s¢hwls' oJpl f the teviscd guidan¢¢ th¢ Prjmary PE & Swt Premium funding wqJi¢h in¢lth two uplatcs In518 Fornerships achiewng Ihe largest ThumFKr of &K4iDrss Asgxiaifs in the Assceiation's hist¢ry . by expanding OUT wYKking re13tE(AJships 1h new bjsintss Asstriates and new pArtTrcrs In¢rease41 quality. wovision and rfdch of th¢ atPE pubJicaii(ffls memt*ts the d¢T s¢aor ¢.g. PE Sigtyifi¢4Dt parther change regarding accr1#1]00 and (he eteatiffl of the prof10n¥1 Insiittrtc of PE Suceessfvl online delivery io supwl th¢ Stffl England SErr s¢hTh)Is to keep them engaged in th¢ ¢ontract Over 96•/0 of atPE professional lea{ningted as EIKxi or wwanding succes51]Y delivered th¢ Oak Academy ¢tra. SEThLkntraci and ¢0 Acti Parnus The1e$l TLtsmlxt of C(xJsult3nts working with alPE in histwy Crcatd a team io suppcrt th¢ lnveMigati into Ce PE ll) a M.A.T learn frrAn the gearth finding5 Pa8e6
ASSOCL4TION TrYIRPHYSICAL EDUCATION for the yeareodtd 31 MArrb 1022 Finlnrial revltw Fin¢1 positioD During the Jtar ffld¢d 31 Marth 2022, the Ckniry r¢c¢ived inetsne of £696.820. an tn(Te&8e of £525 ¢ortwed to 2021. Expajdiiure foT the y¢ar t8[]ed £635.585. a ]D[Tse 01 £91.943 tiWar to 2021. The swplLL8 of (Om¢ &8ainst ¢XF¢ndivre £61235 for th¢ sr4r. At the )rar •)d the Charity had tctsl restryes of £780.048 ryth rcstricted resttv¢s of £58.525. an iDttease of £17,939 compar¢d to 2021. The Fin8JJc¢ Committee th¢ Icvcl of rtsetvts held arujually. This review iDcludcs asxssmeni of the ttatwe of incom¢ $treAms atkd c(xThrnitted eKpenditwe, future liabtliti¢s. disamer recoveryctys and1 th"ssoluiion t(. The TrSItes continu¢ to explLYe stsaie5 fry in%rsting the clltrthi swpjus T¢Sve5 to st4Vt 1[ dlb]e purpLWS and r¢laled charitsble wOjts. The LTharity had no r¢%rves in deficii at 31 Marth 2021 Inve$t1ent policy nd obleetlwtt Th¢ Charity operates a low risk apyryath 10 the iDvesthMi of fimds. Total inc4xn¢ from all investments h th¢ )rar ended 31 March 2022 £1,795. Thqc Thfre no expenses incurr¢d in carnin8 this income. Rr¥e5 poji Th¢ 14)thl reserve5 of the th8Tity inuea$ by £61,235 to £780,048 £718.813. R¢Mric fijnds itKTeased from £40,586 10 £58.525. UJJrestiictt41 fimd5 in¢tt4s¢d fr£ £678227 to £721.523 in theyear. afPE's rcserve policy is to hold J minimum level of fr¢¢ Tfscrvcs equivaIent to £3(X1.0. in Lrde$ 10 ellsure that any delay in the rweipi of intome by the TrusL $¢d by the actions of th partiA does affLrt thc ability of the Trust to Me its djligations lo its t¢neficiaries. The amount held in free reserves at 31 March 2022 was £716.181 wthith W]d cover 13 Mth$ of eXpd[ure. The Trust¢¢s regularly review the a[sWene$S of the te5erves pTrlicy wilh regard io the curr¢nt cnwrojmemi in which the Trust operaies and ixli¢ve ibe It1 of frc¢ r¢rS to ir awK(y#te. GoiDg con¢eTtt Duting 2021122 finan¢ial and thc of the wepar&tiryJ of these fmathcial th¢ (fganisation. alongsjde the r¢ of ¢tLe UL bas btets a$5¢55ing the itDrAd of the Covid_19 FdeMIC atid th¢ implicatiS for the lot)w te¥m. Lkspiie the itrJrAd of the FdemC. after makiDg ajquries, the Trtt4ee5 hav¢ g r¢asb]e expectatioD that th¢ charitabl¢ company has adequate r¢souTces io c(mlinue its ralWI aaivitits fur the fore5¢¢abl¢ firture. btin8 a perioj of rnvelve rnthS alter the de th vknith th¢ reFKfft atsd fiEMitial strt¢mts wrre Si& For this r¢asoD, it c(AJtinu¢s ioadr4)i the 80ing c(xJc¢rn tn the fithtneial statem1* Pt7
CIATION PHYSICAL EDUCATION Report of tht TTWt for the ytAre#dtd 31 2022 STRATEGIC REPORT FiDaDell lld risk tDanagtrnent obJetdvtt pdkltx Thc pnncipa] risks faced by ihe C1¥rityaT¢'. • Operaiional risk - such as r¢fflii¢mabl &taffin& sraff IunteerIng actiTriry. office atld IT requir¢m¢nts. • Frnancial risk _ the finanaal wabilrty of the AjaIl(l. r¢wvernbJ"lity of detrAs. cwliatLce with l¢g151ati. Strdl¢gic risk - such as Ch8t$ to the NaIEal CwTicuIunL n(rf TyurI]ng r¢tsining the right level of Board members, ond 4 lack of on the ASS18111 DnpaL% and fiEnithn& lx lack of paTthet enga8ernt litIcal support. • complian risk - sudb as cwfipli&Jce with the ATtid¢& Tharity CLxnmissim athd IxLSill¢55 LqwT. athd HR policics. The Trnstees have a tisk m3nag¢ryMi 5traiegJ lIe a Tcgular r¢vi¢w of the Risk Rw'er atsd distU55i¢m at Board of effttiive mi(tBatith of thcs¢risk& Future plans The Charity has Identifi the foil¢)wing areas th¢ kcy •spx of f¢tture to pursLrd dwing the next fin8ncia] year (whith will includ¢ a T¢vi¢wgnd mlificati(l of the (x)rwrdte ¢kJi¢¢rivcsl: • suppltI8 the wkrCe to b¢ ronfid¢ni 4JJd to teadj PE . In¢35¢ the of pwti¢ipauts ulldthakiDg alled ryOfesSiI lea1ng • Att¢Dd key Mitiisterial mc¢tings and Nilal stsatw Djcetings panicularly ill re]atitsh 10 the SchiMTrl Swrt and A1Vity Action Pla • Present at key sector conf¢r¢nces and wcrtforee • Increase the Health and Safuy(gporttmiiies for the in relati tonwjaging the Covid 19 newworld • To work parthers to flltd to Ure PE is ai thehe of xbiK)I Ilfe to ¥mplemrm¢ 811 the Task Fw¢e iecoTnmendatiis • Rese 8nd updaiethe A&wim's MMagutnI s STRUCTURE, GoANcE Af4D MANAGEMENT GoveTnillg docunDt The dwity i5 CODtrolled by its gove4niDg a d¢d of trust and ¢(MileS a limited limited by 8uarHnlce, as d¢fined by the Cconpanies Ad 2(th. Association for PhL¢al Edu¢ati(m is a ctxnpany limiwj by guarantee. 8ov¢rntsI by its ATti¢l¢s of A550Clari dat•1 3 July 2019. 11 is regist¢r¢d as a ¢h¥Tily th the Chatity Cotnmissirn. Lktails of the Truses who thTt the yr4r are Inc1&d iti thtse Members. Ilblllty Each m¢mb¢r of the ajaritable Company Lkndertskcs to to the assds of the Company in thc ¢vent of ti Ing wound tsp while belshe is a m¢mt¢T. LY xryibxti Me year after hclth¢ ¢w¢s io t¢ a memtrr. slldj amount as Jnay b¢ rquirf ¢dEn% £1 (amended fr(xn £10 5 Juty 2017) for the delAs and liabÉlili¢s 111¢d ore they c 10 be 3 Tnember.
ASSOCIATION FOR PHYSICAL EDUCATION ror th¢ y¢ar ¢Dded 31 Marrb 2022 STRUCTUR& GOVERNANCE AND MANAGEMENr Rttrultmtttt and pWnfllltiit •f trustees In Ju]y 2018 ihe memtrrship a]yo%d omendmthi of the Artitles of Assrtiati(m relating to appoinlments to thc BoArd All pol¢ntial trustees, includjng the Chair of (he AssttÈaiirn. may be nunitiaied by rnemlrs and xlso goughi thr(A]gh external Agajcies to provide a bJ¢ad of mcmber and uldwd¢ ID0D4ncmt¢rl rerKesentatives. A rigor(xts JKttess. iwed on spe¢ifi¢ expertise 10 e5t%blish and matntaiD an effedtve ManagemfflE Bogrd th¢n idtmtifics th(w xlecied f A tenure of thr¢¢ ycars. All Tntt$ mèy be re selectrd fv ce fir(her of tbree Itars. The Chair. Vice Chair alld Treaswer are n(Mninated and 8]TrN>intcd to each 5wific W6klll¥J. Th¢ MenKThbdwn and Arrieles rthides a minimwn of 7 Trustee& to a maximum of 12 TnL#ees. with a of tenute ¢TrpI¢ll{l providiThg a balanc¢ b¢twr¢n contitturty and D¢w r¢pr¢S¢PTati. The Trustrcs ha the 10 3 fwther to the Jnaxittlum of hvelve in ¢wal. w fill specialisi roles ere the idlIe6 spttifie theeth. All memtrs •re Circula1 with inviiaiiths its TTU%tew advising them of any retIrg Tntbtces •nd T¢qUeSting nominations for the vacant positi15. When c¢Jnsidering cwiing Tntt$. the knrd ha5 regaTd to the TrquÈrgJ]¢nt for y spetialist 5killsneede& fry exampl¢. tAJsin¢ss d¢v¢1qL markaiTr& hwn8n rewc¢8 athd rlImeI sktll Whffl apw>inting n¢w Trusttts. the B(rd sIderatI th the ballte of skills ahd expttiertte netyjed to that the BO has thencce55ary 5ki115 tocffltrilxrte llYt0 the Ch]$ d¢Ve1menL The trainin8 and indudi(fL wovided Trww¢s Ivill dcwd uwj thcir existmg txperittice Ixrt W]d always includ¢ tht prows1 and explatWi¢M] of explanalory d1]Ments such as The Essential Trust¢¢" 8nd stmilgr guJdanc¢, kty PDlicies and r¢gvlar prof¢ssiThtal learning t¥pyumities ai th¢ FgitiniD8 of &)ard meetitigs. As there ore ttonDally Ixjly Iwo (r three new TDJsttts a year. indudi(m iethds to be done infornjally and is tsil(red specifi1]Y to th¢ illdiMdual. AdvaDtage is of 5p¢cific offered bythe tts"¢s wther¢ alIable attdre]evani. OTgallisxtioD•l 5trurtryTe The Board of Tnte¢S nornthlly rncds ¥t I$t f¢)w PCT )raT. csrab]ishin8 an overall framework for the governance of the Charity and determining Ttmltship. itrms of reference and W(edr¢S of Committ¢¢s Wkd oih gtOUP5. It rer¢iv¢s r¢F¥fts from the Finance C(rfnmiNe¢ and cther 8roups wthtse relevani, with reoxnmethdaiiths for adoption. as aA)rwiare. li m]¢($ the orttvities of the Comnjittecs thT(yugh the tniThut of their mtttings and Tcpcfjts to ¢a¢h BoArd mming. Ih¢ Brd may from lim¢ To time e#ablish W(xking Gr(ws 10 Specific tasks over limited iimescAIe. The Finance Committee meets at Itast 3 limts a year and Isrtssib[c for rnfflitoriTh& ¢vllluJting ¥nd rcvi¢wing p)licy and pvforMcC in Telalion to finaThrrial rnanagemt. tompb.ance with IqKxt]ll8 and re8uJatory rquirerntS and reptirtin& It 50 incwates the role ofan alt cotDmitt¢¢. The Brd of Trustees Csid5 any rwls fw iwJgfs thc aaDJS Lf ¢fflStiiuttM of the LThuity its ¢miee smjctwe, •pproval of the kn Jf4T strate8i¢ atyj Stsatelic thisiths asaF>FY(wat¢ and r¢lmnt to th¢ obj'ects of the Ass{Kiati. Th¢ Tn&tt5 ar¢ Tws1C s¢ning p)licy. a stragic platt d bR. a]wving the #atulory atc¢uttts. m(R)iitsing tbe by the e of IxJdgw5 alld tyb¢r dats. 8nd makmg major dt£i5ion$ at)ui th¢ (hrertion of the Charity. capi¢al exprmditwe and uaff appjinbnethrs. K¢v management peTsoDnel The Board of Trusiee5 have devolv1 reswisibility f day to day magCMent of the ajarity to ihc key managemeni persorlljel. The k¢y mgeMlI pcIScn¢1 ¢1$e the CThief Exe¢uiive Officer, the MembErship aDd C(¥m]nunIcaliJS Manager aTJd the Finance Officer. The key m2nag¢mrmi pt¥sonDtI implem¢ th¢ policies taid down by ihc TrU<¢S ond Term to them wrMCe. d&ai15 re8atding key llL4nagetnent perso[e1 are disclos{ Èn these aeciJun Pagc 9
ASSOCIATION FOR PHYSICAL EDUCATIO Repwt of IheTru5tees for the ytsr t•ded 31 Mrth 2022 STRucfuRE. GOVERNANCE AND MANACEMENT RtlAtÈd prtie$ None of TTU#¢eS Te¢eive reMnat]i benefit from their wwk as Trustrrs for the Clwity. Tttr$ may ec¢iv¢ apwopriaie Tuornpcnse for fur th¢ AlatI( (Aher than thai of a Trus¢. Fvoiryding the ajief Extwtive itif0rn15 the Board thai such ronsultyli are h¢ld oll merit aDd ar¢ w 10 et m¢mlrrs of the Assctiatkon. Further detai15 regarding these t[an5acti$ are th"scl(tyJ ID wl¢ 19 oftbese aLxount& The Cknity has a llY thidiary. tfPE Lirnitryl The gJbsid#ry i5 and ddaijs ar¢ disc105¢d in n(rt¢ 13. FUNDS HELD AS CUSTODIAN TRUSTU ON BEHALF OFOTHEKS The Cb4riry and its Tt¥stec5 donot as the Cust(th Truees of anY0th C1wiry. ADDITIOAL COMPANIES A REQUIREMEiYrs.. A Rryist¢T of Pttsons with S]lfilI Ctrol is mainwined amwatly. At this tim4 no Thtst¢¢ has th¢ power to &pply sucIL intTuence. A register of Inierests is also maiThtained with tAMthlial ()flICtS thlared theY4r15e. Reviewand confimlI of the of Interfsts is m13 of th¢ Bofyrd of TnJs All Tnwees cothplet¢ HMRC FIT and Pers( and Clwity CThnmissI Tr EligLbih"ty tslaTations ¢onfirniing their suits"11 io xi as TE. STATEMENT OF TRUSTEFS, REspof4SIBILITIKS Th¢ et$ Iwtho ar¢ also the direrttrs of Asswiaiiorj Pbysiral Education ftr the pwp05es of mnpany lawl ar¢ responsible for Fttparing the Rew1 of ihe Tntt5 and the firtancial #aleMlS in accwdancc wrth ¥pplicable law Urbittd Kittgdom Ar1]ng StattdaTth {Unit¢d Kmgthth ctlY Accwd Att4ALllting Pracri¢e}. Company law r¢quires the to tKcpare ftnancl ststemcnis ftt eath financiaj )Ear whi¢h wve a truc 8nd fa view of the state of affair5 of the tharitsble cwpgny and of the inci¥ning resotsFce5 and applicatiui of Tesourr¢5. th¢ incomt athd expaMliwr¢. of the dwitsbJ¢ company that In ]warDJg th( financial statem(1& the trst requÉred to Sele suiiab]e a¢ciKmting poli¢ies and then applytheTft CWLSiStenty. ob5erv¢ th¢ methols and 1Cipl¢S in the ClJaTity SORP: make judBement5 estimas thatare TSable and ]ntr. slate wth¢ther atwlic4ble accounung stsndards ha folEowed. * to any njattrial de[ArtUr discl(É&J artd explaujd in th¢ financia] AemeDt4 prepAr¢ the financial 5tatemcnts the goi[¥ (Th(%rn tw"s lesS it is inaFV(yJnate that the ch3tilable compaDy will Mntinue ID The th]stees ar¢ responsible kecpiDg wiwa¢c<Xt1g TC(xYds whtth disc105e Hryth reasc•able accurdryaf anytime the financial position of the dwithble company and w wble them to $re thai the financial wt¢ments comply with th¢ Companies Aei 21M)6. They ar¢ alg) respothsible for saf¢guaTding the as ofth¢ tharitab]e and hence for takin8 T¢50n4b]e steps for th¢ PT¢NrniiuJ and ddedion of fraud and ryr¢gukn"iies. In yo far as the tru5tr¢s ¢aware.. thue is no relevant audit inforntithk of MILith the th8ritsb]e comp2nY$ 8uditOTS ate unaw4re'. and the trutts have iak&J all st¢P5 thai they (ght to har tsken To Jllak¢ thcms¢lves aw*re of any r¢l¢vani audii inforniaiioll and to ¢stablish that thc audit(Ys areavare ofthat infrnion. Pag¢ io
ASSOCIATION bl)RPHYSICAL EDUCATION for the year ettdtd 31 2012 AUDftORS The auditors. Haines Watts Binittghn LLP. Trr're appointrd dwllhg the yeat and will k prip)sed fty re-appo]ntment •t th¢ forthcotnillg A[Ual G¢n¢ral M¢aiDg. Report of th¢ I$e$. incortxraiing a strategic rqxrt ¥pyrov•J by (deT irf the IKHTd of te5. as the ¢w*ny on .... RMN -Trustee Page 11
A&WCIATION FOR PHYSICAL EDUCATION Rtport of the IHdtFndtnt Awditw¥ for the year eaded 31 Mteh 2022 Oplnf• We hav¢ audiied the finaneial staiemellts of AcIall Fly FI)j(al Ethcaiioj lth¢'tharitsbl¢ compart) for the star ¢nd¢d 31 Marth 2022 wthicb c(rfnrfflse the Ststemtni of FitiJ¢LqI Activities the Balance Shed. thc Cash Flow Staiemajt and rtote3 ¢0 the financial stst¢ment& including o summary of signifi¢aAI accounttttg polickes. The financial reporting fr8mework thai has ten applied UJ their wq)3rn1l is applicabl¢ law 8md Uniied KJ"n8dm Acwjniing Stgndards Iunited Klljgdom GcncraJly A¢cqMtd AcciMJttiitigPrartite). In OwoplniL the fitsancial ststtments". giv¢ 4 Iru¢ and fair iry¢w of the sthic of the charitsblt ¢pally$ affairs as at 31 Maich 2022 and of it5 ujcoming reSree$ ond appliixt} of r¢SOur uJ¢luding its •nd expt4)diDr¢. the year then ertded.. have becn prwty Preped in accord•Jee with Utiiied KiD¥diRD Gencr4Jly Ac¢ounting Practice. ojjd have ttel) prepared irt ae¢(Kdance wtth the requireMts of the Companie5 Au 20(h5. Baslj for oplAlon W¢ conducted OUT audit in acciKd)ce with Iniernational SAaDdarth rn Audiirng IVKI IISAS (UKI) and applicable law. OUT r¢sponsibiliii¢s unts th( sthndards art fijrther deseribtsl ith the Authtors, resp(xJsibilitifs f th¢ audit of lh¢ financial [eMents section of our rewKt. We arc ind¢penda)i of th¢ Charitsblc company in aeaKdance with the ethical r¢quiran¢nis •re r¢lev8ni audii of the finalltial statrments in the UL including thc FRCS Ethical Stgjjdar and we hav¢ fulfilled ithcr rfhical res%"11C$ in ac¢(rdante with these Tequiremcnts. We lieve that the awlit evidence we bave dained is suffitieni and apwqyjkntoOvld¢ a basis (sjiniiii. Concluslons relatlttg to goill# conctrn In auditing the financtal statemcnts. we have c(mdtbded that the of the goiryg wiccrn t"$ of accouniing in the preparaiim ofthe fittantial ststennts i5 aprwiate. Bd on the work we hav¢ pufiTheiL wc hav¢ nL idlIfied anym•tesi•l Unc87tieS ieiattllg 10 events or conditi(X15 that. individually or collethively. Iiiay ¢a51 siptificaDt th¢ (arttabl¢ ¢(PanyS ability to CODrinue as a goitig ¢)nc¢rn for a pffiixj of •t Irast fftlve months from the finatlctal statements ate authorisal for issue. (hw Tcsponsibiliiics aDd th¢ reswisikn"liiies of Ihe mtsttts with resp& to KoiDg C4(¢rn ar¢ dwiiYd in the r¢levant setiiths of thisrewwt. Other infDrm4tlOD The tsijstees are reymsible ftr the dher informatirn. The djer lE1frnlrn c(ryriscs the 1nr(fftnati in¢lutsJ in (he AJ)nual Report. other than the finantial Stat¢rntsd Iw Rq%m of the Independent Auth"tcrs thereon. Our opiniuD on th¢ fin¢181 ststcMts dcts cosrr the Lmher extqrt to the ¢xtAt 0th¢rn75¢ explieitlystaied in tyjrrem not exwtss #Thy f(ThJ of cThKIu5i(x) thrtt. In ¢ollneciiett with audil of the financial aterncD¥& rcsponsl"b"ty is w rcad the othu iDformation And, in doin8 s CLN)sid¢r whether th¢ (her infornMii(th Is maitsially Inconsistajt wth the financial StAteTrt$ or Iwr knowledg¢ obtained ill the audit othfThrys¢ 8PFWS lo E£ M&1>allY missw¢d. If ithiify such material iticonsislfflcies ( apparent m¢rial mj55iattttrtt$, Wt are tequtr•J io ddanjirke whLheT this gives rise to a mat¢nal mJssthiem¢ni the fill3n£ial statetnents th¢rns¢lvc5. If. iwed the wt ha wfmned. we eon¢lude that the is a t[tla] misstaiemcni of this other infomiatithL ate ie4uircd torqth that faa. We h•Y¢ Thothing io rrwn in thisre8ard. Opinions on rther matters prtstribed by the Compnies Att 21116 In our opiniffl. based on the wijrk undenaken in th¢ c(ws¢ of ihe auth"L the informa¥i(•J givth IJJ the RewKt of the TnLStecs for the fiDan¢iai )rar fw th¥db thc financi staiemenis are prcpaTed is consistent with th¢ fiThan¢ial •iements" and Ihe Rtport of ihe TnLees has Tr*en in acc I11(abl¢ l¢gal r¢quircmrn Pa8¢ 12
SSOCIATION FOR PHYSICAL EDUCATION Rewrt of th Indep¢ndent A•dltors for the yw e•dtd 31 Mrth 2•22 Matters on wlthh we re rtquired to repott by¢veptio• In th¢ lighi of iht knowledge and dMInd]rtg ofthe charitabl¢ c(xnparty and its virment (+Aainal itk the wursc of the au(bt. have idu)tified tLy1a1 m1•1¢tI)ts iti the RewKt of the Tru#ees. We have nothing io re[ iti r¢spcd of the followin8 matttys whcrc the Ath 2 requtres 10 io you if, (x]r ¢)pinioJ'. . adtr4uaie attounti118 records have tmx bten rclwns ad4Utt awlit have bcaj r1ved from I¢$ visited by us: or the fittancial statents art asrcemot with the a¢cwiti118 recryds and LY ttrtain disclosures of rcmuneratith Slfi bylaw are n£rt made." I . we n(K r¢ceived ail the infor]D•ti aDd exp]alST rryu1 fw our awliL RtSPDknslbUlties of tru5tet5 As explained more fully in the Ststement of Trustecs. RcspLYtsibiliiies. the tht¢S (who are also the ilir¢rtQT5 of the ehatitsblc company for ihe pwwhscs of company lawl ate [c4SIble for the wep&ion of the fir¢18] statements and for being satisfied that they give a true aDd f4ir tw. and ftr suth intcrn•l ryMtrol as the tre£S d¢t¢nnine is to Mable the pteparalion of finanthal staiemujts that are fr¢¢ maietial misslatemcni. whethtt due to fraud or ¢TfLY. In rffeparing the finan¢ial sth¢ementy the are rest•$1b1e 8s%s5ing the chatitable Comp$ a.111Y lo ¢ontinu¢ as a goillg di1051n& as appli¢abl< rnatf¥S 10 going the going concern sis of accounting unlf&% ¢he tre£S eith uJif4Jd io liquidate the charitsble ¢(rfnP8thy or to $¢ opcraiion& or have no reall1¢ 8]ternative IRLt to do s Our SpOnSibl11t1ts for tht audit rftle finAd•l statcrnrnts OUT objectives ar¢ io obtaill reasth]able assw¢¢ aErt wbethtr the finjnual emellf5 as R whole arc free from maierial misstsiemenL whcthu duc to fra1 OT ernx. and 10 issue a Re orth¢ Indq>endtht Auditors ¢hat includes our opitlion. Reasollable assuraTr¢¢ is a kn.gb level of &ssurdnc¢. is a guaraDte¢ thai audit conduct¢d itl aceordance with ISAS IUKI will a1vr4 dt 8 mcria] misstatemajt th¢n li exists. Misgiatanents cart arise from fraud (Y crrix and are cixJsid¥ed mawial if. individually Ix in the aggregak. they could rea8rnab]y exCted to illfluence th¢ ¢conomic dl$lS of uws thebasisof these financial aiemtht$. Irre8uIaTEti incluth.ng fratML ar¢ inslaThtts of nuJ-timpliaKe with •nd regul8tiffls. W¢ Iksign line th our reSP)51bl1iliC5, wilined atxTrve, lo detect maiertal misstaiettKnts in rcspe£i of reBlaT1tl in¢luth"n8 fraud. The cxtoji 10 whidj edur¢S aT¢ Cab]e of uregujariiies. Mcl1]ng frdud is d¢ta)led low." We olained an WMkr8dl of the legal ar r¢gulattyy framework aFolicable 10 the charitsble company itself nd the ]Ddusty in whtch ii (¥uas. We idffjtificd areas of la4s alld regulati$ thai ¢ould reasonably be expxicd io hav¢ a material effett (xl the financial llaiements frthn our sect¢r c%Fnente atEd thr(sh discussi(ffi with the tru<¢5 and other Tnanagcm¢nt. The m(61 SI1ficant wve ideniified as the Cixnpani¢s Ath 2(N)6. Ihe CILarities Aa 2011 and the CbaTities SORP ffRS102). We ¢onsidered ihe ext¢nt of compliaJ)¢e With thos¢ rt8ukn1ii zs p&n of [£¢tthtres on the re]ated fin3ncial $t&lemeni& Ow audit W(vr¢S in¢]j¢d.. making erswires of trustces managemeni as to Thther¢ thry ¢Sider there to 1% a 5USC¢Ptikn"lity io fraud at whdhu they have any knowledge ot suspicion of frawj: obtaining an unders12ndin8 of thc intanal c(mtro]s eabJithtyJ to miiiga risks relat&1 to frgud -¢Unp]isC¢ Ith laws and Icydwiws., ass¢ssing the desigll effectkv¢n¢ss of the ¢trOl$ ID plar¢ to pr¢veni alld dettrt fra. aS5essin8 the risk of management ovtrride It11)8 entIfYIng and testing )arnal altri ¢haJlengmgthe a&mpti{S and judgements jtsde bymanag¢ment in its sigmificant a¢¢wnting e#imaies. Whilst audii did not idajtify any signif1cl mattcts relating to tht of irreguigrities including fraud, and despite the alit being planned and cthducted in ac¢(rd•nce wilh ISA5 {UKI. the rematns an unavoidable risk that material misstatemenis tn the fllIan¢1 #aiemenis tnay not be detecied owittg 10 itthetenl limitsllons of the audit, and Ihat by their very ryanLr& any suth in5taTLCeS of fra1 irr¢gulaTity wwld Itk¢Jy uJvol¥e cdlusioffj tsg¢ry. initnttonal misr¢prcs¢nraiions, or the override of inicrnal ¢ffltrol$. Pagc 13
A&SOCIATION FOR PHYSICAL EDUCATION Repwt ofthe VndepeDdeDt Audlto for the ytr ended 3J M 2012 A bjrther description of our rcsp(wikn"Inie5 the autht of the Aatcmcnts is Itrd the Fitiatttial Rw>ning Cwncil's website at wPww.frc.g.uklyw¥eSFl1x.t1i1l$. Thts dtSLTiPiim forms wt of (Kw Report of Ihe Indepffldrnt Audiiiys. Use of our report This rern is made solely 10 the thitsble tn¢mbff& a5 a accordan¢£ with Cbaptv 3 of Part 16 of Ihe CIKnp3nies Ad 21K>6. (hw auth"i M)rk has WLdertaken 50 that w¢ mt¥)t sraie to tht charitable COMpanS rncmbers the matters wt are reguired 10 5ta¢ to them ITh an a¥Jit$. Tewxt aud for no h¢r pwpose. To the fullest extent pmittd by law, do aLYept tr I$e resyxjsibtliry to an)The than the dwitab]e co]JJpany and th¢ charitsble cLPanY5 m¢mivs as a ixxjy. for audii *¥)rk. for this rem (Y for the optni(ms wc have formed. Andrew Hughes ACA ISa)itr &atut(ryAudit(xl for aDd behallof Haines Watts B]rnitt81m IIP 5 - 6 Greenfield Crescent Edgbasion Birminsham B15 3BE Dale.. 1411212022 Pagc 14
ASlATIo1¥ FOR PHYSICAL EDUCATION Stafemtllt dFinaD¢il A¢tiwStles for the year e•ded 31 Mrth 2022 2022 2021 Total fjjnds fimds fiujds INCOME AND ENDOWMEiYts Iknations 8nd legacies 147,IA5 147.065 145.751 Charitsble aciiviiits Investment 518.032 1,795 29.928 s47.9& 1.795 548.431 Total 519.827 176.993 690.820 697.345 EXPENDITURE ON Charirablt activities 476.531 159.054 635.585 543,642 Tot•1 476.531 159.054 635.585 543.642 NET INCOMFJ(EXPENDfnvRE) 43296 17,939 61.235 153,703 RECONCILIATIOI% OF FUTrIDS Total fwids browt fonYaTd 678227 40.586 718.813 565.110 TOTAL FUNDS CAkRtED FORWARD 721.523 58.525 780,048 718,813 Pa8e 15
ASSOCIATION TrDR PHYSICAL EDUCATIO BalDtt Shtet 31 2022 2022 Totsl nd5 2021 UnresEriCtcd Resir1etl fjjnds FIXED ASSETS Tangjblc assets Invcs¢mcnts 12 13 5.341 5.341 3.098 5.342 5.342 CURRENT WETS D¢btors Cash ai bank in hand 14 96.348 796.038 96.348 870,082 68,994 850.919 892.386 74,044 966,430 919.913 CREDTTOKS Amthjnts falling du¢ Mrythtn 15 1176.2051 (15.5191 (191.7241 1204.199 T4ET CURRENT ASSETS 716.181 58.525 774.711S 715.714 TOTAL ASSETS LE&$ CURREwr LIABILITIES 721.523 58.525 780.048 718,813 NET ASSETS 721J23 780,048 718813 FUNDS UDTestricled funds RestTtcted fund5 17 721.523 58.525 678,227 40.568 TOTAL FUNDS 780,IM8 718813 The financial stsiancmts Ihrrt ap1x0j by the BthTd of Trusttts and auth(¢is&J fv issue on .. and vKre sign¢d its t¢halfty. tal - TnLsiee The notes furrn prtof th¢se finan¢il statements Page 16
ASSOCIATION FOR PHYSICAL EDUCATION f•r tht ytr e#dtd 31 Mrth 2022 2022 2021 Cash flows from operatin¥ •rtivilies Cash gentt&ed from (yeration$ 22.539 45.751 Nd prolidcd bywraliDg athiitie5 C15h novs from investing •ctiiiti ljrchase of lanyble fixed assets rtteived (5.171} 1.795 3.163 Net cash ]rowided by inyt#ittg ¥1ivitics (3.3761 3.163 Changt In ¢iJb ind t4thlettts I tht reportittg ptri C85h ¥nd cish equivaleDts t the beEinniDg gf the reporting ppri• 19.163 48,914 850.919 802,005 Cgsh ¢2sh equivleDts al Ibe tDd of tht reportillg period 870.082 850,919 Th¢ frn prt of thcsc finan¢ial stsitm¢nts Pagc 17
ASSOCIATION FOR PHYSICAL EDUCATION N•¢ts t• Iht c Trlow Staitiiitiit for tht ytr e#dtd 31 m¢ 2022 REc0C[LIATIoN OF NET XPENDITVREY1NCoME TO NETCASH Fllnw FROM OPERATING ACTIVITIES 2022 2021 Ntt l¢Apenditurt)fintotht for the rertiAl ($ per the Stittment of Fin¥Mial A¢tivltltsl Adjustmenis for: [Plation charges Jnierest receiv D¢creasdlincreasel in StkS DecreasellirtcreaTe) in d¢bttYs 61.235 153.703 2,928 1,7951 4.747 13.1631 127.3541 12.475 (21.1741 89.6771 Net eash PrOt hy OPEr•tio 22,539 45.751 ANALYSJS OFCHANGES IN fTT FUNDS At 1.4.21 Cash flow Ar 31.3.22 Net Cash 91 tnk atld in hatkd 850,919 19.163 870 082 870 082 The notes prt of thrx firwicial stItemts Page 18
AWKIATION PHYSICAL EDUCATION Notes ¢0 the TrTh•1odal StsthmEmts for tht yer e•ded 31 m¢ 2022 ACCOUNTING POLICIES Bsi5 of ppatI¥ the fiBaw¥•J slatemeots The financial siaiemthts of th¢ chaTi¢abl¢ ClpInY. vthith is a public Ecnefii eniity thjder FRS 102. hav¢ been prepared in gcrordaDCt with the C1wili£s SORP IFRS 102}'AcupJntiDE and Rcwyrujg by Charities". Ststem¢nt of Rec(xnJnendal Prndi¢e applicable djatities ryCPAring ther accwits ttt accord¢¢ wryth the Fttwiciai R¢porting Stsndard appliLable iD th¢ UK and Republi¢ of Ireknd IFRS 1021 Itffective l Jathuary 20191,. the Charities Ad 2011 and the Com]MtLits AL 2{M. The financial staiements knve tttn F(epared urtder the histoncal ¢(tst conventi(. The si1¢8n1 ace(Xmkng wlKi¢s applial in the preparation of thts¢ financial statrmenis are sd trrtlow. These FwAi¢i¢s havc ciRtsistently applied to all r$ Jxesenied othernise stattrj. Going ¢oDtettt The mTsr¢es continue io ad(y th¢ going CLKIrn assumrnÈth as th¢ basis of prep8ration of the financial stttletnents. In doing sth the tsitstees t)firnI th¢y bclieve thai no maietial unc¢rrainries exi# in the foreseeable furnre regarthng the tharitys a"t11Y 10 ¢(thifftue as a Koing conc¢rn. In fmhing thi5 conclusion. th¢trustees have consid¢red the level of fijnds held and thc cxpcued le%%1 of itt¢thn¢ 4nd w¢nth"rnr¢ fw 12 mrmths from the dat¢ ofauthorising thw financial staiemthi IxeothE All ij)¢OTnirt£ [OurCes 3r¢ iD¢luded in the Siatemenl of FllJan¢io1 Aaiwties ISOFAI wha) the thanty is legally entitled lo the Ènwme aftet aDyptrfm&n(¢ ¢1"t4)s bave rncL the am(1 call r¢liably aThd il 1$ prrt•ble the irttomc will be TtlY¢d. Grartl itLcome is Tled Whe the tharity has entiilpTKThi io the arty rnon¢¢ CLmth"tiffls attadjed to the grantshave it i$FYrl¥bte ih the illc(A))e will be rly wjd the 8mNmi be r¢li8bly. Sut6criyÉon in(4xnt is LXJ rece basis and defaTd wtil uiiuia fw itietsne rffognition is meL RltieS and #d%151g inci¥ne is rwised iti1¢¢ ITr the ti relatcs. Traillitt8 inr(w¢ isrewgnised invoice Ixsis Twhcn the eveni takes plac Investhithi ititorne is int¢TCSt rned iffi ac(tsJnts. This 15 re¢ognised re(tivabJ¢ xryd th¢ amowjt Can tnf¥$ured reliably. which is n(xrnaJlYI notific4tithJ bythe bank of th¢ interem pid. No amount is tnclth in the finan¢uql Matrments ts voluntffr tim¢ in line with the SORP {FRS 102). Furttlcr ddail is s]v¢n En the TnJsiee4 Annual Rq. E4Kndi¢we Liabiliftes are recogniscd as ¢xpuJdiDtse as s(th tha¢ is 8 legal w Cmstruttive obligati) c(YtniN1n8 the chanty to thai expendibJ< It is wiAbl¢ that a of e¢(momic ben¢fits will be rty4uira in settlemeTht 3nd the amount of th¢ obligaiion catt telred ieliably. EKpcndJ"nrt is ac¢thAuted for 3a accr15 $15 and has b¢¢n cla&4ified uttdet heading5 th31 all e£6t related to the y. Where eosts cannot be dirccrly anribjted to partilaT h¢adings they have In all¥)cat¢¢J to actiwties a b#sis ron515t¢nt Mryth the use of Tangible fjied assets Fixed assels are included •t ctht tr ¥3]11. itejw t¢low £l.¢KX) will n(rrnally cxpcThsed thrLwgh the ststcmcni of finantial athwit1. Py19 tthitinued...
A&8OCIATION FOR PHYSICAL EDUCATION Notes to fht TrIDDdal SttsmEmts-¢ontiutd rw the ye•r ended 31 Muth 2022 AccouTrmNG POLICIES- ¢ODdDMed t)rprlI is 0Vided ai the followin8 #nntsal r4tr5 in thr 10 write off eadh ¢)w its ¢stimated usefvl Itfe. Fixtures and fittitLgS ClPUt equIFrft1 25•A aj $t 250h Stocks St(Kk5 ar¢ at the lowv of t(tst #t n¢tr¢ali5abl¢ after maktng duea11oTh7nr¢ fw obsol¢te and slow OVi118 Iteth The charity 15 exempt frthn C(ryKati tsx rn its dwitame activiiies. Unr¢strict¢d fvhds can ed in accordance with the ¢harn•ble (bJ"tt¢ives ai the dlxrctl of th¢ tte5. Restrict fimds bp PlIar rety] withiD the obi¢cts of the ¢h•rity. RtstrietiS aTiS¢ whffl sp¢¢ificd by the fitnth ar¢rai%d fLf restrict&J FI¢T explaMiuJ of thenatwe and of ¢Jth fijnd is Includ iti the to th¢ fiDan¢ial sramemt$. Fixed assd illvesiments ar¢ a fonD of finaDual Itsd are initially r¢wittd ai their transtctith ¢( and subsequertily nJe4suTed at fatr Yalu¢ the Balat)c¢ Sheet dc. unlc5s faiT lut caDnol measured reliably ]]) which cas¢ it is m¢asured ai cost Itss illyairmfflL gains aDd l(6se& wbrtherreaii%d YDfedlise<L ar¢cLHnbined attd shown in a waTgte huding in the Stsietmit of fiThanuaJ actiiiiies. IDterest rttelnbi Int¢T¢51 on fimds held dewksit is [nc1c receivable and the am(vJnt can k m¢45yr Teliably by the ¢on]paThy. this is nimallyupon nLRifi¢atim of the trjtaesl paid or by Ihe Bank. Pensians Th¢ company operates a defirttd cthtrlti0n po)$i( sthane. The assets of Ihe ¢me aT¢ h¢ld s¢paratrly from those of th¢ company in an indwdenily admini3tetcd fwml. Th¢ p¢nsi cost charge reptesents contributions payablt bytFke company toth¢ fimd Lf cmplo)res' pension schane5. as apprwne. Debtors Trad¢ and debt$ &e retoKtLised at the s¢ttl¢ml anbyjni ailer ally trade discwnt off¢r¢& PrcrAynxnts are valued 31 the am(M]nl w¢paid of Ytle ithounts due. Ch at bnk aDd in Cash ai bank and iti hond includcs cash and shLYt icrn) highly liquid IllvestmlS with 4 5bm m8ftrity of thre¢ onths ijr l¢ss from the date of acquisitith tr (WliD¥ of the de11 or similar8ee(l. CredRlors PTQViSi4)U$ Creditors attd 0vISi(lS 3Te rwiscd wh¢ the chariry has a we5ent obligation resulting from a pam event that will ryobably rcsuli in the trattsfrr of fiJlld% lo a third pany gnd the amrxmt 10 settle the obligatirn can i measwtd tr estimated reliably. Thcsc are Thwmally rwtLised al their scttlemfJJi amout)i after allowing f( any trad¢ di5•XtS thx. Financigl instrunDts The cLmJpany L)nly has fiDan¢i&l and fill¥A¢Èal lialx]itits of a kmd that q]Ify *s hsic financial instruments. Ba5i¢ financial instsumenls are initially rQglS¢d tran58ciion vahLe and subsequently n)¢asured ai the settleItL&It value w?th the excep11 of bank loatts which ar¢ b$qU¢Y m¢asured ai Iiijortised w5t sing the effecrive inieresr meth Page 20 CthlliDu¢d...
SSOCIATION FOR PHYSICAL EDUCATIO Notss to tbe SlalellRts- tontlnxd fw th¢ yWed 31 M 20ZZ DONATIONS AND LEGACIFS 2022 Total ds 2021 fijnds 147.065 145 751 147.IK5 145.751 Graotsreteived. illtludthl ID the atxjwe, follows: 2022 2021 Spon EJ)gland- PE Sport England-Sec(miknryfT 26.087 36.051 109.7(Kl 147.065 145.751 JNVESTMENf INCOME 2022 Twl 2021 Toial fidS fjjnds Intere ttIVable 1.795 1,795 3,163 Page21 coniillued...
IATION PHYSICAL EDUCATION N•(u to the Sl•temMts-eoDdllutd for tht ytsr ettdtd 31 Mrth 2012 INCOME FROM CHARITABLE AcfvvrrJES 2022 2021 104224 75.871 Mtmbersbip Services 343.922 362,9tKI Orpni5ati(xJal d¢v¢lopm¢nt bm"Iding 20.345 17.109 Adv(acy and influen 7&283 90.151 Othey 1.186 CHARABLE AcrlvEs cosrs Supt coMs15ee nae 61 Tal$ 204.730 104.979 309.709 Membership Servitts 160.176 144.957 305.133 20.743 20,743 270.679 635.585 Page 22 C4Jniittued...
SSOCIATION FOR PHYSICAL EDUCATION t• th¢ FI•1 Stt¢we•ts-eoDtinwed for tbe ytr ethded 31 Mtth 2•22 SUPPORT COSTS Finance c(Jsis T118 Proftssional LeadtThhip 104.979 104,979 Mvnb¢rship Swvic¢5 1928 137.7(i1 4269 144.957 20.743 242 739 Support Clts. includcd in the ai)v¢. are as foll.. 2022 Total tivities 2021 Two1 activities Audit< rewrti Board meetitig cost5 Othcr governance cc6ts Accountsncy and legal fees 5.500 .923 13.320 4269 5.250 2.957 14.209 25.012 22.416 NET INCOMEI(EXPEf4DTnlREI N¢t InwnF<n.t¢) 1$ 411 3ll¢r thaTgmW(creditingl: 2022 2021 2,928 4,747 AUDfroRS' REMuf4ERATION 2022 2021 Ftts pH)Bble to the d)8rity5 4uditors4nd thcw associa fLY the a1110f the ehariws financiol statements 5.5(Kl 5.250 Pa8e 23 CLMtinu¢d...
ASSOCIATION FOR PHYSICAL EDUCATION Notes to the Sfatrwnts-e•ptinued ftr tht ytsr Éndtd 31 Marth 2•22 TRUSTEES, REMUNERATIOIY AIYD BENEFns There no trte'S leerati Wber bellefits fw the tthl 31 Mardj 2022 nor f¢x the yetr cmd¢d 31 Marth 2021. thting th¢ Jrar. Tru5tecs recetvtil reirnlNry5al expe¥ anltisfo £1.422 (2021 £1.797) Ith STAFF cosrs Sthff c(5 wcr¢ a5 follow5.. 2022 2021 Wages aud saknTies S18] secwity¢c6ts Other pensi¢)n 175202 175J33 14.808 14.066 16.471 15.397 2[.481 204,796 The average nwnber ofptTS<W +ynploJrd by th¢ c(yy dwing the )raT as follo 2022 2021 The nwnber ofhi8herpid emplojres was: 2022 2021 IEL the band £70.(M)1 . £80.)0 In the d £80.] - £SV.WO The kcy markagemeni prnojncl of th¢ Tharity cixnpriscs the (%ief Officer, the Matkelujg and ComTnunicaliffl5 Manager atLd the Ftnatkce Officer. whose empltsyee betfits ithalled £163.220 12021 £139.9)31. in¢luditig cnwlos Nglionai ]ngJran¢¢ond p¢DS1< (wtr1Ft1> Page 24
A&9)CIATION FOR PHYSICAL EDUCATION f•r tht ytr elldtd 31 Mreh 2022 12. TANGIBLE FIXED A&srrs FixDJres fittDJgS u1pml TalS COST At l April 2021 8Dd 31 M8rth 2022 Addibons 2.613 24.117 26.730 At 31 Marth 2022 2.613 29.288 31.901 DEPRECIATION Ai l April 2021 CharE¢ for year 2.613 21.019 2,928 23.632 2.928 Al 31 March 2022 NET BOOK VALUE At 31 Marth 2022 5.341 5,341 At 31 Marth 2021 3.098 13. FIXED ASSET INV£STMENTS MARKET VALUE At l Aryil 2021 aDd 31 Mardj 2022 NEf BOOK VALUE Al 31 2022 At 31 Mar¢h 2021 Thc companys ]Dvts at the balance shed daieiD the thare capital of c(ryanies inc1Je the following.. alPE Limited Regtstered offiett Rothn 117. Brethx). University of W(Kcr&rr. Hcnwi& Grove, WCeSter. WR2 6LI Naiwe of tl"neSs.. IknDanl Company Class of shaw. Ordinary holdin¥ 21r22 2021 Aggreg3te capitsl 3lldresetVts Page 25 continv¢d...
)CIATION TrDR PHYSICAL EDUCATION Notes to the Trhpcial Sttsll&ts.tondDwd rfjr the yer e#ded 31 Mch 202Z 14. DEBTORS: AMOUNTS FALLING DUE MTTHIN ONE YEAR 2022 2021 TradedebtLfS 27.231 13.430 55,564 96.348 CREDITORS: AMOUNTS FALLING DUE wmiiN 0E YEAR 2022 2021 Trade cfedi15 al swity xd tlaXeS VAT Other erediioTS Ai¥Yuals and deferred inc¢ 74.796 6,980 11.635 5.542 37.176 4.942 17,530 2.377 142 173 191.724 204,199 DEFERRED INCOME Relewd to Astl April 2011 Dtferred In A$4¢31 tht year Mr¢h 2022 Membersbip Advertising Annual cthference Ro>BIILeS fjrmt income Training UrSeS 42266 12.433 1.457 3,750 50.082 1.521 (422661 (12.4331 44.334 12.371 667 3.750 15,518 975 44.334 t2.371 2.124 3,750 15.518 975 13.7501 (50.0821 {1.5211 Total 111.5&) 1110.0521 77.615 79.072 At the balance shed dat¢the chaTity was ho]ding fimds r¢ceived advartee for smi¢c5 lo delivered after theyear ¢nd and for Wthich eÈ)titl¢mcDttoth¢ is ]xth [tte1d until th¢ sffyice is de]iverJ. 1& LEAStNC AGREEMENTS Minimum leas¢ wthnon-¢an¢ell•bl¢ wating ltrases fall kn as foll 2022 2021 Within ont Brfw¢¢n one *)d five Jrars 3.640 3.640 6.370 Page 26
)CIATION FOR PHYSICAL EDUCATION for the yw ¢ndtd 31 Mr<h 2022 17. Bln¢e rjr txptkndtd TrmJfers Unrestricted fu Gell[ filljd 67&227 67&227 519.827 519,827 476.531 476.531 721.523 721,$23 Restrltted fvThds Gerald Mwray Regi{S and Home Couniies Swt England- Primary PE Swt Ett8land. Seckyjdaryrr 1190) 12(QJl) 676 24.467 33J82 2WO 19,1511 29.928 120.979 71&813 820 Gerald Mwray- This fijnd reSUh an hIOrical Iwuest aDd itspwwsc 15 to r¢wJTd the ryofessiort when colleaBues have ma¢k 8 signifiwt cthtribJiiM. Regiths attd Hcme C£11. FwK15 by TeRlIA aDdthe inci¥n¢ i$Ting.feLc•J f their Sport Et18laod. Prro•ryPE. InCne frn •third tArry with wifir Proj objedives and therefwe restrict fid$ England. scd8ryTr. Jnc<Yne frryn J third prty with specific project objcthivts 3nd thefOre restricted fid 18. EMPLOYEE BENTFrr OBLIGATIONS Tht cunpaoywate5 a defiDed eontrllNJii( pulsi sd)¢me. The a4sets ofthe scheme ar¢ held swr¥t¢ly from those of the tompany in an indepNJdgJtly administer fi]nd. The pensit C¢ tharg¢ r¢wcsents ¢onlTibAIiQJS payablt by tht c(xnpanyto the fith¢L ty emploJYes' Fas1 p¢nsirn sdwes. as anxqjriate. and amouDta to £16.47] 12021 £15,397}. 19. RELATED PARTY DISCISUREs During th¢ Fr a summary of the related traDSKtIsar¢. 2022 2021 Sales transacti$ with Telat¢d Fwrty Sales tynsactiixjs with trustees AmiX¢s l)wed to trlltts in¢lthwithiD trle utijiiffs Purch transacliiin5 with trustees 393 916 3,450 1.797 1.422 2•. INDIRECT DONATIONS The Univusity of Worcester supplied offic¢ a¢¢unm(%J8ti(¥J and services to the pwoxim•te valu¢ of £15,000 during Ihe )t4r for wthi¢h th¢ ASlaIl is very gtaieful. The dma11( 15 nol rellected in the in¢ome and ¢xp¢nditur¢ thovm. Pagc 27