REGISTERED Co￿1PANy Tr*UMBEIL. 05526637 ￿nE14nd 4nd WAEts1 REGISTERED CHARITY 14UMBER: J J14673 Re￿1 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 ye*rénded JI Marcb 2022 Pagt Refereace *nd AdttthDiknlive Ilrf¥ Reprt of the Trw51e ReFth of the IndeptAdtDt Attdltor 12 to 14 St*iemeDt o(FloAk￿lI Acliviti J5 Bala1￿e Sheel 16 Cth Fkn St*ternEnt 17 Notes to iht C*5h Floiv Ststemewjt 18 19 to 27 ASSOCIATION FOR PHYSICAL EDUCATION Rtftmee •Dd AdD￿nISt￿thE Ile¢•i for thtyt*r t4ded 31 M*rt& 2022 TRUSTEES J K¢ay{(b•ir) J Ha￿]$ R Neal A Tansl¢y K Bali J Multhy S s￿ak COMPANY SECRETARY S Wtlkitis REGISTERED OFFICE R(xKn 117. Bt ilniv¢Ts1tyOfW(￿Ctsttt Hellwick Grov¢ wLYCe￿¢r Wotcest¢rshire REGISTERED cOmP￿V NUMBER 05526637 (F4]*Dd and W81fs) REGIKfERED CHA￿Ty NiJMBER 1114673 AUDITORS Haines Watts BirmÉngl*m LLP 5- 6 Grttnfield Cre￿eTht 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 Audit￿5, 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(KUp￿l¢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 Re￿ing 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 In￿tres the pw[K￿5 of ¢harity law. The who serv￿ during the y¢aT and since the 5wr end follow5". resi￿l¢d 30J￿e 2021 -app)int￿ I S¢ptemt¢r 2021 J Kvay K Bali J Harris J Mulcahy S M￿daY R N¢01 S Speak M Sitvens A Tartsley -gEp)in*d As ¢wTee l Jtme 2019. ¢irnt tcrn? t(￿ll￿need 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 ¢￿TEll￿ed to develop and ¢xt¢nd its servitts to m¢mt¢rs. Ji has rewvered VRII the challu)ges eX￿1￿Ced 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 cc4Jtrit￿lIolls 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 pla￿1 a ￿traI tAn in thaping CUTh￿1 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¢m￿tatI¢￿J of th¢ Ofs*d Eth]c8tr(AJ In5peth(m Framew￿ fflFI. afPE continued TO Contri￿te 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 tra￿lled far wryde. sweaiknjg the afPE m¢ssag¢ ond hav¢ pr￿ented 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 deliv￿ed ￿¢ of the key Nesentatio)& afPE has ¢4niinued ro support Govern￿1 dcpartmenl4 in the Depthrkni for Edurati(B) (DfEI a pleihtra of expErl guidan¢¢ aDd insight. Th¢ As8t￿laTi￿ 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 Ph￿l￿) Auiiryty Aciioth Plan. We have be¢Th d¢light 10 See the early itnpaas of our PE TaskfoT(t. tha￿ed by Edward Timpson CBE MP. We are very Erdieful. in addition. to ow ¢olleaBucs * Utiiied L*aTtkEug f(w their help and iti the taskfwtr's r¢¢thn￿lloll of dJ*Jwg 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 r￿uSed 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 ye*réndtd 31 Mxrrb 2022 CHAIR'S REPORT{cthitinued) Th¢ ASS￿1*11￿1 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 Urtex￿￿1 issw5 impaa the work of the Ass(Kiati(xi. The Ass￿lati¢M is in a The81th￿ NL¥itii￿ aThd th¢ Tnwtts. in coThjut)ciisM wyth the 5tsff, have cnsuring a $ustallJable lthtl of financial ￿ti￿llY ittc1￿7￿g controlling the cost bax Mthil# stradily growing the Wancc she¢t_ We havc maintained OUT level of busine55 acriNity and the nwrtF*r of Business ASs￿lat¢S is •r 54 gjjd m(6t si8nificautly &TrE has incrus¢d its membership level. Dyilc recent sthffing th"fficulites iti tht finance ar¢4 with a Te¢eni appomth)uJi atld stsff taking adth"tionai re4x)nsibilitics, have b¢¢n abl¢ to over¢Lxne these dLaUett8 As stsied ith wevi(Rts AnTr￿1 Rcpxts. thc Tnjstees ¢4n that atPE has cnswed thai ow members are fully infornied m naticoal PE SKKYL r&￿1£￿[ h#ivity al￿ 5ectw ut#Ja*& whith ID turn has thiv¢n wbslantial m¢dia traffit to alPE. atPE has ciyntinued to llnd bJild adth"i1(￿a] rapacity thrngh e5tsbltshing n¢w pamerthips atld increasthg its onsulrani base. whilst raainujg its vdlu¢s aT￿ commiimaji io delivering a high level of to its manE¢rs and the wider sedor. Thi& al￿g$Ide the need and rise in tAJsincss a¢iiN7ry. the substantial WOTk to compliance against the new UK Spon Govcrnanc¢ CLth and the ex￿tIll￿ of mejnkns and nail￿al 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 widert4xttTD￿it￿. As alwa￿ in conclusioT4 th¢ Tnwtts W￿1￿ 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 AS￿￿1117￿ meets the outcomes of the new alPE Strategic Plan (2022-20251. I wr¥Jid also p￿S￿allY like to th4nk my fellow TrU￿te$ theit suP￿t a[￿ in k¢eping the A53QCEalion ￿ trJ¢k and mLxJli￿ng its growth. F]na]ly, the Tn￿te$ 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 t￿*d 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 i￿t not extlusively by Pro￿d￿8 C(osui￿1th qualifi￿ •thry¢e to the teachll￿ wofcssi(o, Sch￿￿$ and othff st•lut￿Y w government agencies. Th¢ Charitys aim is as foll¢M'. C¢)mmimKni to t¢ing the rewes¢ntsiiVe UK orgallisati￿ frK Pr￿1¢ ¥nd agtncies deli%ttiti8 or 5uFoomg the deliveryof Ph￿l(41 in Sch￿1# and TD the widw c(rnuttity. The strategies e￿plOYed lo Rthi¢ve the CThariW5 ai]Ths are ￿.. l. [kM￿Strate the distiDctive rde of Ph￿1¢81 ed￿11￿ in thildrfm's •nd p￿It'S d¢v¢l4ThKni and achievements. 2. Estsblish and &th￿l¢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 lead￿￿1P.. and poliiically i￿r￿rned &dv(Kacy and 3. Ralse awarettess of ph)siuJ ¢thKaiico's crnkn7*Jtiths to pthli¢ he41th and t￿l1-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, l￿feSSIOnal, s￿11￿&bIt services fw its mantr¢rs and FAmers. The criteria the Ch8rityused to assess success in th¢ rep￿￿8 wtre.. Clieni ftedback Across ¢ontracft￿l ¢ommittnakts In¢h￿ing imernatithal • MetDtr*r fecdbaek and satisfad1￿ rcgardmg value for nJw¢y . CoThsultsnr Mryews . Partller feedbB¢k. includutg civil ser¥aDts fr¢db•¢k I￿ aTrFs 1￿ce aly￿$ the . The aRJrqJriate fi[￿n¢la1 m￿?8¢ment of all aL*iviti¢s and a￿li10r&I￿¢t and fealba¢k Th¢ 51aius and qualily0fph￿lCal ¢th)raii￿ in sth¢KTrls and its relaleit imw ￿ pupil ￿a[￿rdS aT41 out¢￿1￿8 Staff at￿lysiS and mMit(mg of the Tharitys k¢y wfrfmantt ithdtcatiw The 3i8nificant acliiryties ￿dertaken knJiThg th¢ wve: • Created the Ptofts5iOT￿I InAttiJ* for Accrethied E¢hvts￿. wilh SLQ 85 the accrediting p9m)er . Develop¢d the pjnfolio Ofacer￿Jted C￿1¥$¢ io include a level 4 in S￿￿￿En8 Pupil$' Wel]￿l￿g Through Physkc41 Educatii • Providing ptofe&*(xJa] learning to a ￿$#i￿able in tslucati￿ sclHK)I and ph￿]Cal activity {PESSPAI includtllg adaptivc tcadjing 10 Jnattage rbe Chall￿￿8¢$ of Covid . knplemtttiation of som¢ of the Task Firte rgCoM￿dati(ms iDcludDJg wtsi¢l￿Jllg 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 r￿ting￿ 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$￿ to ITE thri￿￿) a natiujal advistr. a tsrEC￿ newElettrr. aThd a dedi¢alLxt serninaT. as well ￿ the support for a do1￿￿ed netw(Kk day. chapters in PE Mallus • Reviewed Ihe NaIiiK￿l conf¢r¢n(% PLW Covid and LTeated a (xJ¢ dayeveThi • Responding io (he in¢reasttigneed5 of the Thvkfw¢e artd wthlucin8 r¢50UTttS io SUPWI the settor • Responding lo natimal ￿ganISati￿s. t<*Jsultstion5 induding Otsied athd the Swrt EnglaJ)d • B¢ing in a Pl￿1¢]¢￿ 10 ieswnd to gov¢nun¢ni iniTiativ&s andstratCV¢5. • TeThdtrkng for Sbgnkficani setltr t(otracts. Page 4 )CIATION FOR PHYSICAL EDUCATION r•r Iht ye*r emded 31 Mwch Z022 ObJ#tivts and (continued) These octiviti¢s (¢￿tr]l￿te kn the athi¢v¢m¢ni of the￿arilY$ aims and thJ"edives ty. . S¥pporting the scctor in idaJtif￿n& w(Tholing ar¥1 d¢ve1￿1ng1hC rol¢ ofpE in sth(d . Emsuring that the aprywtaiely ttaincd to teach curriculutn PE . Forning thfferent parthcrships ro ur*dupuJ thesi8Difi£ant work of the (Yganisatify) to Sell￿ ￿¢al￿ impa¢t . Working alubg5ide pamiers and k¢ygovernmeTri derwthJeThts at nati￿al straie8ic meetings 10 advttate the IM￿Ce of PE. SS and P& whilA ￿tating apwQEYia*aai<￿S r(Y impiemethiaii . B￿.￿g pan of a wider rtetwxxk 8rtyJp to stcer the d￿c￿l￿ of Sch￿1 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 pro￿1￿¢ guidance io SVPPLY¢ the dJ•nges within the EIF. Covid Identifyryn8, tsi8DiThg and d¢livvinghiglt quajiry profwithwl le4mmg ￿mett theDeeds of the wr*kfttce thai can k recognised as a sustaitiable miwkl for the wThkforce • Enswujg the w(Ykforce are able to sevjre acc￿111￿£￿ work (Ax identifitsl cott￿Cts 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 inc1￿J￿￿ bcalth ojjd safdy, Ibe Safe￿diD% 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 emLXi￿Jal wrllthin8. Publle betttflt st*tsttsÈknt The TrU￿e¢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 i*nefit, relatitig &8 they do 10 the developTncnL estsblishment 3nd gwain¢d high qualiry PQ sprrt Ph￿1¢8[ a¢iiiryry acr￿$ the ¢duutiOD. st￿ and physi¢*l athiwty seeitt. This I￿tfi1$ the c(xJ]munty by deJnonstratin& raising awareness, supporting, gui(lin8 and advising (YA th¢ iroWYW)(e of thc upi4k¢ aDd FArtI¢l￿tI￿ ill ￿YsiCal ttluuti￿. atsd physi￿1 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. r￿ference 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 R￿reall¢M Alli￿¢. th¢ Pnrywy UmiY¢lla and several APPGS . Prr*noie 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 p*ts mtttiti8s incI￿]ng wwkiDg suth as th¢ **ix)I sp)rt and tajjsiral actiwty sector group Attend Minis1￿31 IKiefings • Chair variws evertis and medings • Rq>rescnt the mcmbcrship of th¢ wwisaii(m ai &xrd le￿1 . Opetaie on Avr4rds COrn￿ltIec lo rnake TttLYMn￿ti￿ls 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 ASS￿1811(￿. PaBe 5 ASSOCIATION FOR PHYSICAL EDUCATION Rtpwt of the Trwtees ror the vear ended 31 M*rth 2022 STRATEGIC REPORT A¢httvetthtknt #ttd perfor¥D*n¢e Charitable attl￿tI The follo￿ng athieiEmenis allowed a￿E 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 ￿kr￿Ce 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 eff￿tIVe [w￿dIng Wcm aTrF. also c4)niinued the ITE Upjate Continued wih a h￿Id vcr5È(xJ of suppm and Validation for the fjolity Mark Health and Safrfy Team woviditig goingadvice Covid On going Migati￿ to ¢ ￿￿nm￿l¢￿Iiotl with memlKTS io cnswe sustsinabl¢ costs artd to improve the A$S￿ial￿￿'S ri￿7t[t￿nI 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 $￿ful delivay of a llumber of keynote addr¢ss¢& WLKkshq)s ai PE aDd CQDf¢r¢nces ￿11￿¢ workjrtg PJTthership atPE mtmbets. A￿ SSPS and other paTthers including Bu￿"t￿&S Assrtiates, evenls. • afPE also l¢d 8Thd d¢l]v¢T￿ several advi¢e and C￿115 and anicles regardit)s the effettive use of und￿sP￿d of the wijnary PE and spm Fff¢miwn . WoTked parmtrs to CThairand sup￿rt the Black c￿CLImn￿￿W￿1th wti¢ leBa¢y8roup Supwt 10 the Blatk SIvimTning A59xialiTh) to raise the profile of the challth8e's tthic ￿ face reg•rdin8 swimming attainmcnt . CT¢at¢d a s￿1Mming rcsLwce with prthers to supwKt 5th￿]5 Athieving a IIKP/• SUCCeSS Wth th¢ reapplicaiirns fu Qua]ity MaTk. Incea%d th¢ number of Valid￿Or$ to suppon the reapp]l"eati￿ wttess athd the g￿trIC 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 In￿￿51￿8 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 accr￿1#1]00 and (he eteatiffl of the prof￿10n¥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{ning￿ted as EIKxi or wwanding succes5￿1]Y delivered th¢ Oak Academy ¢￿tra￿. SEThLkntraci and ¢0 Acti￿ Parnus The1￿e$l TLtsmlxt of C(xJsult3nts working with alPE in histwy Crcatd a team io suppcrt th¢ lnveMigati￿ into C￿e 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 t￿8[]ed £635.585. a ]D[T￿se 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¢ $treAms atkd c(xThrnitted eKpenditwe, future liabtliti¢s. disamer recoveryctys and1￿ th"ssoluiion t(￿. The Tr￿SItes continu¢ to explLYe stsa*ie5 fry in%rsting the clltrthi swpjus T¢S￿ve5 to st4V*t ￿1[ d￿l￿b]e purpLWS and r¢laled charitsble wOj￿ts. The LTharity had no r¢%rves in deficii at 31 Marth 2021 Inve$t1￿ent 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. R￿r¥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 ￿￿$¢d by the actions of th￿￿ partiA does affLrt thc ability of the Trust to Me￿ its djligations lo its t¢neficiaries. The amount held in free reserves at 31 March 2022 was £716.181 wthith W￿]d cover 13 M￿th$ of eXp￿d￿[ure. The Trust¢¢s regularly review the a[sW￿￿￿ene$S of the te5erves pTrlicy wilh regard io the curr¢nt cnwrojmemi in which the Trust operaies and ixli¢ve ibe It￿1 of frc¢ r¢￿r￿S 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$5¢55ing the itDrAd of the Covid_19 F￿deMIC atid th¢ implicati￿S for the lot)w te¥m. Lkspiie the itrJrAd of the F￿dem￿C. after makiDg ajquries, the Trtt4ee5 hav¢ g r¢as￿*b]e expectatioD that th¢ charitabl¢ company has adequate r¢souTces io c(mlinue its ￿ra￿l￿WI aaivitits fur the fore5¢¢abl¢ firture. btin8 a perioj of rnvelve rn￿thS alter the d*e th vknith th¢ reFKfft atsd fiEMitial strt¢m￿ts wrre Si￿&￿ For this r¢asoD, it c(AJtinu¢s ioadr4)i the 80ing c(xJc¢rn tn the fithtneial statem￿1* P￿t7 CIATION PHYSICAL EDUCATION Report of tht TTWt for the ytAre#dtd 31 2022 STRATEGIC REPORT FiDaDel*l *lld risk tDanagtrnent obJetdvtt pdkltx Thc pnncipa] risks faced by ihe C1¥rityaT¢'. • Operaiional risk - such as r¢fflii¢mabl &taffin& sraff I￿unteerIng actiTriry. office atld IT requir¢m¢nts. • Frnancial risk _ the finanaal wabilrty of the A￿jaIl(￿l. r¢wvernbJ"lity of detrAs. cwliatLce with l¢g151ati￿. Strdl¢gic risk - such as Ch￿8t$ to the NaIE￿al CwTicuIunL n(rf T￿yurI]ng ￿ r¢tsining the right level of Board members, ond 4 lack of on the ASS￿1811￿1 DnpaL% and fiEnithn& lx lack of paTthet enga8ern￿t ￿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 m￿lificati(￿l of the (x)rwrdte ¢kJi¢¢rivcsl: • supp￿ltI8 the w￿kr￿Ce to b¢ ronfid¢ni 4JJd to teadj PE . In￿¢35¢ the of pwti¢ipauts ulldthakiDg a￿￿lled ryOfesSi￿￿I lea1n￿g • Att¢Dd key Mitiisterial mc¢tings and Nil￿al stsatw Djcetings panicularly ill re]atitsh 10 the SchiMTrl Swrt and A￿1Vity 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 iecoTnmendatii￿s • Re￿se 8nd updaiethe A&wi*m's MMagut￿nI s STRUCTURE, Go￿ANcE Af4D MANAGEMENT GoveTnillg docun*Dt The dwity i5 CODtrolled by its gove4niDg a d¢d of trust and ¢(￿Mil￿eS a limited limited by 8uarHnlce, as d¢fined by the Cconpanies Ad 2(th. Association for Ph￿L¢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 Trus*es who thT￿￿t the yr4r are Inc1￿&d iti thtse Members. Il*blllty 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 memtr*r. slldj amount as Jnay b¢ rquirf ￿¢￿dEn% £1 (amended fr(xn £10 ￿ 5 Juty 2017) for the delAs and liabÉlili¢s ￿￿11￿1¢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 memtr*rship 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 rneml*rs 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 Tn￿tt$ mèy be re selectrd fv c￿e 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 id￿lI￿e6 spttifie theeth. All memt*rs •re Circula1￿ with inviiaiiths its TTU%tew advising them of any retIr￿g Tntbtces •nd T¢qUeSting nominations for the vacant positi￿15. When c¢Jnsidering cwiing Tn￿tt$. the knrd ha5 regaTd to the TrquÈrgJ]¢nt for y spetialist 5killsneede& fry exampl¢. tAJsin¢ss d¢v¢1q￿L markaiTr& hwn8n rewc¢8 athd r￿lIme￿I sktll Whffl apw>inting n¢w Trusttts. the B(*rd ￿￿sIderatI￿ th the ball￿te of skills ahd expttiertte netyjed to that the BO￿ has thencce55ary 5ki115 tocffltrilxrte ￿llYt0 the Ch￿]￿$ d¢Ve1￿menL 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 d￿1]Ments such as The Essential Trust¢¢" 8nd stmilgr guJdanc¢, kty PDlicies and r¢gvlar prof¢ssiThtal learning t¥pyumities ai th¢ F*gitiniD8 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 specifi￿1]Y to th¢ illdiMdual. AdvaDtage is of 5p¢cific offered bythe tts*"¢s wther¢ a￿lIable attdre]evani. OTgallisxtioD•l 5trurtryTe The Board of Tn￿te¢S nornthlly rncds ¥t I￿$t f¢)w PCT )raT. csrab]ishin8 an overall framework for the governance of the Charity and determining Tt*ml*tship. itrms of reference and W(￿ed￿r¢S of Committ¢¢s Wkd oih gtOUP5. It rer¢iv¢s r¢F¥fts from the Finance C(rfnmiNe¢ and cther 8roups wthtse relevani, with reoxnmethdaiiths for adoption. as aA)rwiare. li m￿]¢(￿$ the orttvities of the Comnjittecs thT(yugh the tniThut￿ of their mtttings and Tcpcfjts to ¢a¢h BoArd mming. Ih¢ B￿rd 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 Isrts￿￿sib[c for rnfflitoriTh& ¢vllluJting ¥nd rcvi¢wing p)licy and pvforM￿cC in Telalion to finaThrrial rnanagem￿t. tompb.ance with IqKxt]ll8 and re8uJatory rquirern￿tS and reptirtin& It ￿50 incwates the role ofan a￿lt cotDmitt¢¢. The B￿rd of Trustees C￿sid￿5 any rwls fw i*wJgfs ￿ thc aaDJS Lf ¢fflStiiuttM of the LThuity its ¢￿￿mi￿ee 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¢ Tws1￿C s¢ning p)licy. a stra*gic platt *d b￿R￿. 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 devolv￿1 reswisibility f￿ day to day m￿agCMent of the ajarity to ihc key managemeni persorlljel. The k¢y m￿geM￿lI pcISc￿n¢1 ¢￿￿1$e the CThief Exe¢uiive Officer, the MembErship aDd C(¥m]nunIcali￿JS Manager aTJd the Finance Officer. The key m2nag¢mrmi pt¥sonDtI implem￿¢ th¢ policies taid down by ihc TrU￿<¢S ond Term ￿ to them ￿ wr￿M￿Ce. d&ai15 re8atding key llL4nagetnent perso[￿e1 are disclos￿{ Èn these aeciJun Pagc 9 ASSOCIATION FOR PHYSICAL EDUCATIO Repwt of IheTru5tees for the ytsr t•ded 31 M*rth 2022 STRucfuRE. GOVERNANCE AND MANACEMENT RtlAtÈd prtie$ None of TTU#¢eS Te¢eive reM￿n￿at]i￿ benefit from their wwk as Trustrrs for the Clwity. T￿￿ttr$ may *ec¢iv¢ apwopriaie Tuornpcnse for fur th¢ A￿￿latI(￿ (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 Tru*ees of anY0th￿ C1wiry. ADDITIO￿AL COMPANIES A￿ REQUIREMEiYrs.. A Rryist¢T of Pttsons with S]￿lfi￿lI C￿trol 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 confim￿lI￿ of the of Interfsts is m￿1￿3 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 Rew￿1 of ihe Tn￿tt5 and the firtancial #aleM￿lS in accwdancc wrth ¥pplicable law Urbittd Kittgdom Ar￿￿￿1]ng StattdaTth {Unit¢d Kmgthth c￿￿￿tlY 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 tr￿st￿ requÉred to Sele￿ suiiab]e a¢ciKmting poli¢ies and then applytheTft CWLSiStenty. ob5erv¢ th¢ methols and ￿1￿Cipl¢S in the ClJaTity SORP: make judBement5 estima*s thatare T￿S￿able and ]￿￿ntr. slate wth¢ther atwlic4ble accounung stsndards ha￿ folEowed. * to any njattrial de[ArtUr￿ discl(É&J artd explaujd in th¢ financia] A*emeDt4 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¢callY missw¢d. If ithiify such material iticonsislfflcies ( apparent m*¢rial mj55iattt￿trtt$, Wt are tequtr•J io ddanjirke whL*heT this gives rise to a mat¢nal mJssthiem¢ni ￿ the fill3n£ial statetnents th¢rns¢lvc5. If. iwed the wt ha￿ wfmned. we eon¢lude that th￿e is a t[￿t￿la] misstaiemcni of this other infomiatithL ate ie4uircd torqth that faa. We h•Y¢ Thothing io rrwn in thisre8ard. Opinions on rther matters prtstribed by the Comp*nies Att 21116 In our opiniffl. based on the wijrk undenaken in th¢ c(ws¢ of ihe auth"L the informa¥i(•J givth IJJ the RewKt of the TnLStecs for the fiDan¢iai )rar fw ￿th¥db thc financi￿ staiemenis are prcpaTed is consistent with th¢ fiThan¢ial *•iements" and Ihe Rtport of ihe TnL*ees has Tr*en in acc￿ I￿11(abl¢ l¢gal r¢quircmrn Pa8¢ 12 SSOCIATION FOR PHYSICAL EDUCATION Rewrt of th Indep¢ndent A•dltors for the yw e•dtd 31 M*rth 2•22 Matters on wlthh we *re rtquired to repott by¢veptio• In th¢ lighi of iht knowledge and ￿d￿MInd]rtg ofthe charitabl¢ c(xnparty and its ￿vir￿ment (+Aainal itk the wursc of the au(bt. have idu)tified ￿￿tLy1a1 m1￿•1¢￿tI)ts iti the RewKt of the Tru#ees. We have nothing io re[￿ iti r¢spcd of the followin8 matttys whcrc the Ath 2￿ requtres 10 io you if, (x]r ¢)pinioJ'. . adtr4uaie attounti118 records have tmx bten rclwns ad4U*tt awlit have bcaj r￿1ved from I￿￿￿￿¢$ visited by us: or the fittancial stat￿ents art asrcemot with the a¢cwiti118 recryds and ￿ LY ttrtain disclosures of rcmuneratith S￿lfi￿ bylaw are n£rt made." I . we n(K r¢ceived ail the infor]D•ti￿ aDd exp]a￿l￿S￿T rryu1￿ fw our awliL RtSPDknslbUlties of tru5tet5 As explained more fully in the Ststement of Trustecs. RcspLYtsibiliiies. the th￿t¢S (who are also the ilir¢rtQT5 of the ehatitsblc company for ihe pwwhscs of company lawl ate [c4￿SIble 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 tr￿e£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 di￿1051n& as appli¢abl< rnatf¥S 10 going the going concern sis of accounting unlf&% ¢he tr￿￿e£S eith￿ uJif4Jd io liquidate the charitsble ¢(rfnP8thy or to ￿$¢ opcraiion& or have no reall￿1¢ 8]ternative IRLt to do s Our ￿SpOnSibl11t1ts for tht audit rftle fin*Ad•l statcrnrnts OUT objectives ar¢ io obtaill reasth]able assw￿¢¢ aErt￿ wbethtr the finjnual ￿emellf5 as R whole arc free from maierial misstsiemenL whcthu duc to fra￿1 OT ernx. and 10 issue a Re￿ orth¢ Indq>endtht Auditors ¢hat includes our opitlion. Reasollable assuraTr¢¢ is a kn.gb level of &ssurdnc¢. is a guaraDte¢ thai audit conduct¢d itl aceordance with ISAS IUKI will a1vr4￿ d*t 8 m*cria] misstatemajt th¢n li exists. Misgiatanents cart arise from fraud (Y crrix and are cixJsid¥ed mawial if. individually Ix in the aggregak. they could rea8rnab]y ￿ ex￿Cted to illfluence th¢ ¢conomic d￿l$l￿S of uws thebasisof these financial *aiemtht$. Irre8uIaTEti￿ incluth.ng fratML ar¢ inslaThtts of nuJ-timpliaKe with •nd regul8tiffls. W¢ Iksign line th our reSP￿)51bl1iliC5, wilined atxTrve, lo detect maiertal misstaiettKnts in rcspe£i of ￿reB￿laT1tl￿ in¢luth"n8 fraud. The cxtoji 10 whidj ￿￿edur¢S aT¢ Ca￿b]e of uregujariiies. Mcl￿1]ng frdud is d¢ta)led ￿low." We ol*ained an WMkr￿8￿dl￿￿ of the legal ar￿ r¢gulattyy framework aFolicable 10 the charitsble company itself *nd the ]Ddusty in whtch ii (¥ua*s. We idffjtificd areas of la4s alld regulati￿$ thai ¢ould reasonably be expxicd io hav¢ a material effett (xl the financial llaiements frthn our sect¢r c%F*nente atEd thr(￿sh discussi(ffi with the tru￿<¢5 and other Tnanagcm¢nt. The m(61 SI￿1ficant 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 $t&lemeni& Ow audit W(￿vr¢S in¢]￿j¢d.. making erswires of trustces managemeni as to Thther¢ thry ¢￿Sider there to 1% a 5USC¢Ptikn"lity io fraud at whdhu they have any knowledge ot suspicion of frawj: obtaining an unders12ndin8 of thc intanal c(mtro]s e*abJithtyJ to miiiga* risks relat&1 to frgud ￿ ￿￿-¢Unp]is￿C¢ Ith laws and Icydwiws., ass¢ssing the desigll effectkv¢n¢ss of the ¢￿trOl$ ID plar¢ to pr¢veni alld dettrt fra￿. aS5essin8 the risk of management ovtrride It￿1￿1)￿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 signif1c￿l mattcts relating to tht of irreguigrities including fraud, and despite the a￿lit 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 fra￿1 ￿ irr¢gulaTity wwld Itk¢Jy uJvol¥e cdlusioffj tsg¢ry. initnttonal misr¢prcs¢nraiions, or the override of inicrnal ¢ffltrol$. Pagc 13 A&SOCIATION FOR PHYSICAL EDUCATION Repwt ofthe VndepeDdeDt Audlto for the yt*r ended 3J M￿￿ 2012 A bjrther description of our rcsp(wikn"Inie5 the autht of the Aatcmcnts is I￿trd the Fitiatttial Rw>ning Cwncil's website at wPww.frc.￿g.ukly￿w¥eSF￿l1x.t1i1l$. Thts dtSLTiPiim forms wt of (Kw Report of Ihe Indepffldrnt Audiiiys. Use of our report This re￿rn is made solely 10 the th*itsble 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 COMpan￿S rncmbers th￿e 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 cL￿PanY5 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]rnitt81￿m IIP 5 - 6 Greenfield Crescent Edgbasion Birminsham B15 3BE Dale.. 1411212022 Pagc 14 AS￿lATIo1¥ FOR PHYSICAL EDUCATION Stafemtllt dFinaD¢i*l A¢tiwStles for the year e•ded 31 M*rth 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 Bal*Dtt Shtet 31 2022 2022 Totsl nd5 2021 UnresEriCtcd Resir1et￿l 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 ap1x0￿j 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¢i*l statements Page 16 ASSOCIATION FOR PHYSICAL EDUCATION f•r tht yt*r e#dtd 31 M*rth 2022 2022 2021 Cash flows from operatin¥ •rtivilies Cash gentt&ed from (yeration$ 22.539 45.751 Nd prolidcd bywraliDg athi*itie5 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 t4th*lettts 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 equiv*leDts al Ibe tDd of tht reportillg period 870.082 850,919 Th¢ f￿rn prt of thcsc finan¢ial stsitm¢nts Pagc 17 ASSOCIATION FOR PHYSICAL EDUCATION N•¢ts t• Iht c￿ Trlow Staitiiitiit for tht yt*r e#dtd 31 m￿¢￿ 2022 REc0￿C[LIATIoN OF NET ￿XPENDITVREY1NCoME TO NETCASH Fllnw FROM OPERATING ACTIVITIES 2022 2021 Ntt l¢Apenditurt)fintotht for the re￿rtiAl (*$ per the Stittment of Fin¥Mial A¢tivltltsl Adjustmenis for: [￿P￿lation charges Jnierest receiv D¢creasdlincreasel in St￿kS 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 PrO￿t￿ hy OPEr•tio 22,539 45.751 ANALYSJS OFCHANGES IN f*TT FUNDS At 1.4.21 Cash flow Ar 31.3.22 Net Cash 91 t*nk atld in hatkd 850,919 19.163 870 082 870 082 The notes prt of thrx firwicial stItem￿ts Page 18 AWKIATION PHYSICAL EDUCATION Notes ¢0 the TrTh•1odal StsthmEmts for tht ye*r e•ded 31 m￿¢￿ 2022 ACCOUNTING POLICIES B*si5 of p￿patI￿¥ the fiBaw¥•J slatemeots The financial siaiemthts of th¢ chaTi¢abl¢ C￿lpInY. 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 si￿1￿¢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 CLKI￿rn 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 T￿tlY¢d. Grartl itLcome is T￿l￿ed Whe￿ the tharity has entiilpTKThi io the arty ￿r￿n￿on¢¢ CLmth"tiffls attadjed to the grantshave it i$FYrl¥bte ih* the illc(A))e will be r￿ly￿ wjd the 8mNmi be r¢li8bly. Sut6criyÉon in(4xnt is LXJ rece￿ basis and defaTd wtil uiiuia fw itietsne rffognition is meL R￿ltieS and #d%￿151￿g inci¥ne is rwised iti￿1¢¢ ITr the ti relatcs. Traillitt8 inr(w¢ isrewgnised ￿ invoice Ixsis Twhcn the eveni takes plac Investhithi ititorne is int¢TCSt ￿rned iffi ac(tsJnts. This 15 re¢ognised re(tivabJ¢ xryd th¢ amowjt Can tnf¥$ured reliably. which is n(xrnaJlY￿I 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(Yt￿niN1n8 the chanty to thai expendibJ< It is wi*Abl¢ that a of e¢(momic ben¢fits will be rty4uira in settlemeTht 3nd the amount of th¢ obligaiion catt ￿ t￿el￿red ieliably. EKpcndJ"nrt is ac¢thAuted for 3a accr￿15 ￿$15 and has b¢¢n cla&4ified uttdet heading5 th31 all e£6t related to the ￿￿y. Where eosts cannot be dirccrly anribjted to parti￿laT h¢adings they have I￿n all¥)cat¢¢J to actiwties a b#sis ron515t¢nt Mryth the use of Tangible fjied assets Fixed assels are included •t ctht tr ¥3]￿11￿. itejw t¢low £l.¢KX) will ￿ n(rrnally cxpcThsed thrLwgh the ststcmcni of finantial athwit1￿. Py19 tthitinued... A&8OCIATION FOR PHYSICAL EDUCATION Notes to fht TrID*Ddal St*tsmEmts-¢onti*utd rw the ye•r ended 31 Muth 2022 AccouTrmNG POLICIES- ¢ODdDMed t)rpr￿lI￿￿ is ￿0Vided ai the followin8 #nntsal r4tr5 in ￿thr 10 write off eadh ¢)w its ¢stimated usefvl Itfe. Fixtures and fittitLgS Cl￿PUt￿ equIFrft￿1 25•A aj ￿$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 P￿lIa￿r re￿￿￿ty] withiD the obi¢cts of the ¢h•rity. Rtstrieti￿S 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 sra*memt$. 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 d*c. unlc5s faiT ￿lut caDnol ￿ measured reliably ]]) which cas¢ it is m¢asured ai cost Itss illyairmfflL gains aDd l(6se& wbrtherreaii%d ￿ YDfedlise Page 24 A&9)CIATION FOR PHYSICAL EDUCATION f•r tht yt*r elldtd 31 M*reh 2022 12. TANGIBLE FIXED A&srrs FixDJres fittDJgS u1pm￿l T￿alS 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 ]Dv￿￿￿ts at the balance shed daieiD the thare capital of c(ryanies inc1￿Je the following.. alPE Limited Regtstered offiett Rothn 117. Brethx). University of W(Kcr&rr. Hcnwi& Grove, W￿CeSter. WR2 6LI Naiwe of t￿l"neSs.. IknDanl Company Class of shaw. Ordinary holdin¥ 21r22 2021 Aggreg3te capitsl 3lldresetVts Page 25 continv¢d... )CIATION TrDR PHYSICAL EDUCATION Notes to the Trh*pcial St*tsll*&ts.tondDwd rfjr the ye*r e#ded 31 M￿ch 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 0￿E YEAR 2022 2021 Trade cfedi1￿5 al swity *xd ￿t￿laXeS 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 As*tl April 2011 Dtferred In A$4¢31 tht year M*r¢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 [tte1￿d until th¢ sffyice is de]iver*J. 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 M*r