REGISTERED COMPANY NUMBER: 05526637 (England and Wales)
REGISTERED CHARITY NUMBER: 1114673
Roport of tho Trustoos and
Financial Statements for the Year Ended 31 st March 2024
for
Association for Physical Education
Richards Sandy Audit Services Limited
(statutory Auditor)
Thomeloe House
25 Barbourne Road
Worcester
WR1 1RU

Assoclatlon for Physical Edu￿tIOn
Contents of the Flnanclal Statements
for the Year Ended 31st March 2024
Pago
Reference and Administratlvo Detalls
Roport of the Trustees
Roport of the Independent Auditors
7 to 10
statement of Flnancial Activili88
11
Balance Sheet
12
Cash Flow Statsmont
13
Notes to the Cash Flow Statemont
14
Notes to tho Financial Statsmonts
15 to 25
Detailèd Statement of Flnanclal Aclfvities
26 to 27

Assoclation for Physi￿1 Education
Rofarnnco and Admlnlslratlvè Detsils
for the Year Ended 31st March 2024
TRUSTEES
Ms Rebecca Antcliffe
lfjran Bali (resigned 1.4.24)
Dr Rachael Bullingham
Prof Jo Harris
Prof Jeanne Keay
Mr Charlie L'Ansc
Dr Christine Lloyd (appointed 29.2.24)
Julie Mulcahy {resigned 1.4.23)
Mr Ri(*ard Neal (resigned 1.9.24}
Suzarme Speak (resigned 31.7.23)
Mithael Stevenson {appoinl8d 29.2.24)
Kate Stephenson {appointed 12.12.24}
Rich£rd Grain8r lappoint8d 12.12.24)
Mike Jess {appointsd 23.2.24)
COMPANY SECRETARY
Kate Thomton-Bousfield (from 1 October 2024)
Susan Wilkinson {to 30 Septsmber 2024)
REGISTERED OFFICE
1 Elgar Business Centre
M(yseley Road
Hallow
Worcestershire
WR2 6NJ
REGISTERED COMPANY NUMBER 05526637 (England and Wales}
REGISTERED cHAR￿y NUMBER 1114673
AUDITORS
Richards Sandy Audit Services Limited
(Statutory Auditor)
Thomeloe House
25 BaTboum8 Road
Worcester
WR11RU
CHIEF EXECUTIVE OFFICER
Kate Thornton-Bousfigld (from 1 Octob6r 2024)
Sue Wilkinson
(to 30 September 2024)
MEMBERSHIP MANAGER
Simon Leach
(to 10 November 2023)
FINANCE MANAGER
Kim Banks
Lyndsey Davies
(from 23 Octobér 2023)
(to 23 October 2023}
Page 1

A5$0¢iation for Physical Educatlon
Rèport of tho Trust•88
for the Year Endod 31st March 2024
The trusts8s who 8r8 also directors of the charity for the purposes of the Companies Act 2006. present their report with
the financial slalements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Prdcttce applicable to chartties preparing their
accounts in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects
The charity's objects as set out in its goveming d￿Ument are the 8dVan￿ment of high qualty physical education for the
benefft of the public. particularly but not exdusively by providing consultation and qualified advice to the teaching
profession. sthools and other statutory or govemment agencies.
Slgnificant activities
The Association for Physical Education (8fPE) is a charitsble company. a membership organisation and the subject
association for physicd education in the United lfjngdom. We are the voice of PE and our vision 15 to support the worf(force
to put physical education at the heart of school life.
We provide quality assured services and resounys and valuable professional support for our members and the physical
education. school sport and physi(*l activity sector.
We offer:
A wide range of high quality membership seniices.
AcGredited professional leaming opportunilies and vocational qualificalions.
Journals (Physical Education Matters & Physical Education and Sport Pedagogy).
Advice. support & employment opporiuntties.
Monthly e•newsletter.
Emaillvideolwebinar updates.
Representation at key stskeholder meetings and naticfflal working p8rbes.
Insurance cover and dedicated helplines. including support for health & safety and leg81 advi￿.
We are not about quick fit solutions, we want a sustainabl818gacy. so that in another 15 years we do not havo inadive
young people and a growing obesity profjl?. Proactive solutions WOTked acrc>ss the sertor by key stakèholders in twe
partnership, will ensure children and young people havè the knO￿edge, skills but more importantly the physical health and
emotional wellbeing to achieve the very best that they can. Help us to make it h8ppenl
afPE's Mlsslon Statsment
The Association for Physical Education (alPE) is commltt8d to being the UK representative organisation of choice for
People and agencies delivering or supporting physical education in schools and thé wider communlty.
alPE's Corporats Objoctlvos
Demonstrate the di5tincliv8 rol8 of physical education in children and young people's leaming. development and
achievement.
Establish and sustaln physical education at the heart of schcol life and whole-school development, through support
for high quality leaming and teaching. research. ethical leadership and politically inforrned advocacy and
representation.
Raise awareness of physi&ql educ*tion's eA)ntribution to public health and well-being and in(Trased parlicipation.
Play a18ading role in the development of 8 workrorce wilh Ihe skills and qualities required to 8ssur8 high quality
physical education and sport in schools and in the wider community.
Provide high quality. professional. sustainable senlices for members and partners.
Public bonofit
The trustees confinn that they have complied with the duty in Section 4 of Chariiies Act 2011 to have due regard to the
guidan￿ issued by the Charity Commission conceming public benefit
The trustses are satisfied that the thariV8 activities are for the public b8nofit. b8ing the development. establishment and
sustained high quality PE, sport and physical activity across the education. sport and physical activity sedor. This benefits
the community by demonstrating, raising awareness, supporting. guiding and advising on the importance of the uptake
and participation in physical education. sport and physical aclivity and its contiibution to public health and well-being.
ACHIEVEMENT AND PERFORMANCE
Charitsbla activiti08
During 202312024 alPE has continued to focus on supporting its membgrs in 8 range of woy3 including
the provision of professlon81 devèlopment opwrtuniti8S',
representing members and the subjeot as a whole in political debates and revl8ws: and
supporting m9rnbers.
Page 2

Association for Physlcal Educatlon
Report of the Trustee8
for tho Year Endod 31st March 2024
The provision of profe88ional development opportunities induded running a national 8V8nt for the first time since 2019,
which was trialled as a Development Day in December 2023. This model was very succe8sfvI and will be replicatèd so
thal alPE can retain a national profile as a professional development provider that en8bles not only PE professionals. I￿t
also wider sector partners, to understand and engage the 'PE for1rf8' ideology and commitment.
afPE continued to work alongside accrediting partner, the Lgad8rship Skills Foundation (LSF), to develop a¢Jdilional
opportunities, which hav8 b88n designed, piloted and implemented. Somo are still at the creation stage vthile others
were launthod 8arfler in the year. Current qualificalions are under periodic review and as 8fPE moves forward the data
will infomi any need for Ghange thal rnay need to align to any fvlure gov8mm6nt policy.
The Quality Mark process involves a significant rgvi8w of practice 8nd provides som8 8vid8nce of afPE's effective
support to the v￿rkforCe. Thls process will b8 r8Vi8W8d in 202412025.
Various resources to SUPPQrt the workforce to d8liv8r PE were developod. Indudlng summary guidan￿ documents and
posters for key partners such as the Oak National Academy, Aclive Black Country and the Commonwealth Swimmlng
Legacy Group. The final resource which was completed in r8adin8ss for various stsg8s of edlting, was the 'Safe Practice
In PE and Sport Practice 2024 guidanc8'. 111h edition.
alPE has continued to engage wlth tho Department for Education (DfE) through rnonthly keeping in touch meetings, plus
meetings with various Ministers to not only ensure PE is kept high i)n the political agenda but also to infom new
discussions concéming curriculum PE, improving Inacllvity and eXtr8<A1￿1￿Iar engagement.
Alongside the Youth Sport Trust {YST), afPE has been instrumental in designing the Primary PE and Sport fundirvJ and
Impaci reporting template and has engaged in several joint meetings and organised webinars with DfE and YST to
ensure that all primary schools Gan a￿esS aGcurate and up to date infomiallon.
In 2022 alPE commissioned Loughborough University to'8xamin8 the case for core PE, and they are now in stage two of
th8 WO￿ which should b8 completed at lh8 end ofthis year. They have presented initial findings which highligm many
positives but also many challenges the sector and govemment must address. Th8 'PE for Life, resaarch has been
supported by afPE as a result of the shared common g081s and the importance of the AsSo￿ation being part of this
progressive rese8￿h. In addition, last yeer afPE partnèred to support the Creating Active Schools development and
research.
alPE has been involvod in several All-Paty Parliamentary Groups (APPGS), including Swmming. Fit 8nd H88lthy
Childhood and its report on 'Fair Play for Gids, and Sport. The impact has involved support and greater engagement from
across the House of Commons and the House of Lords and in￿eased invitations to events and m8etings. Discussion
with pclicy adviser5 across Ihe hous9 resultsd in afPE planning to ¢reat8 th8 first specthc fcundation subject APPG. A
successful Parfiamentary event was held on March 61h to attract attention for a PE APPG and to launch afPE's manifesto
ask, to 811 p8rti8S.
afPE vrds represented on th8 Sport England Physical Llteracy w0￿1ng group vthich. in collaboration. created the
'Physical Literacy Consensus statement,. afPE was 81s0 a key partner in the work of the School Sport and Physical
Activity Advis(ry Board that subs8quently18d to th8 revised SSPA Forum and tsrgeled worf<ing groups.
At the end of thè 202213 fiscal year a review of s8rvic8S Was canled OUL as a result. afPE introduced 8 2417, 365
wellbeing support element. including a confidential helpline and a￿sS to 8 wid8 r8ng8 of resources.
Members enjoy representing afPE as volunteers 8t events or areas where they have a particular specialism thal the
Association needs to call upon. Feedback suggosts thls Is boneficial not only to afPE but trj members, profèssional
growth and developrnent.
Through th6 afPE Newsletter, th8 various social medla platfomis. PE Matters and PESP, afPE excels in keeping
members up to date wth accurate information.
Fundralslng a¢tlvltles
The charity does not solicit members of the publicfor donations or engage in any other trading activity that does not directly
relate to the charitable purpose of the charity.
FINANCIAL REVIEW
Financlal posltlon
At the year end th8 charity has total reserves of £405.687 (2023- £597.312). including total restricted funds of £676 (2023
- £69.363).
Page 3

Association for Physical Education
Report of the Trustaes
for the Year Ended 31st March 2024
Prlncipal funding sources
The primary sourcè of income of th8 charity is membership subscriptions, which make up more than hair the charity's
annual income.
Inv•slmont policy and objectives
The charity operates a low risk approach to the investment of funds, suth that any available cash reserves are held in
short notice interest bearing bank accounts.
Reserves poli¢y
The charity's reserv8 pdicy is to hold a minimum level of free reserves of 8t least £300.000 in order to ensure that any
delay in re￿Ipt of income by the charity. caused by the actions of third parties, does not effect the ability of the charity to
meet its obligations to its benefiaaries.
At the year end the charity has free reseNes (unrestricted funds. excluding those held as fixed assets) of £399.447 {2023
- £524,188). The trustees believe that this level of free reserves is appropriate.
Principal risks and uncertaintles
The trustees have a duty lo identify and review the risks to vthich the Charity is exposed and to ensure appropriate controls
ere in place to provide reasonable assurance against fraud and error.
The principal risks that the charity are exposed to are the risk of a sudden loss of subscription income and the risk of
un8voidable costs increasing in excess of available income for a sustained period of time. Th6 trustees regularly review
budget and management a¢￿Unt information prepared by the charity's staff.
FUTURE PLANS
The Board of Trustees has implèmented several strategic th8nges to the prevlous stsffing structure in response to the
challenging economic environment curr8nlly affecting alPE.
Key among these changes is the recruitment of a new CEO, alongside the appointment of several key staff members,
eath with ¢1garty defined roles aimed at driving the Association's financial stability. growth, and continued success.
Appointed in October 2024, thé new CEO has outlined 8 comprehensiv8 set of corpor8t8 8nd personal objectives for the
Board of Trustees, focusing on revenue generation. cost reduction. and the enhancement of intemal processes.
The CEO will be supported by the followlng key members of her executive team:
A professionally qualified company accountant. responsible for estsblishing robust finanGial procedures, ensuring
accurate and timely r8FQrting to the Board.
A Mémbership and Engagem8nt Officer, tasked wth increasing membership numbars and achieving revenue
tsrgets necessary for the ongoing surxess of the Association.
An experienced Operations Manager, focused on delivering significant cost reductions through the mdemization of
systems. processes, and improved operalional efficiency.
In lin8 with these changes and lo optimize the use of salary expendilure. the Board has made the decision to remove two
positions from the staffing structure: Deputy CEO and Assistant Deputy CEO. Any critical functions previously Garried out
by these roles will now be absortjed by the new CEO.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goveming document
The charity is controlled by its goveming document, its Artides of Association. and constitutes a limited company, limited
by guarante8. as dgfined by th8 Companies Act 2006.
Member5. liability
Each member prornises, rfthe tharity is dissolved wthile he or she is a member or within 12 months after he or she ceases
to be a rnember, to contrilxrte suth sum not exceeding £1 as may be demanded of hirn or her towards the paym8nt of the
debts and liabilities of the charity incuffed before he orshe ceases to be a member. and ofthe costs. charges and expenses
of wnding up.
R8crultmant and appointment of nfrw trnstees
The seleclion of trustees, including that of the thair is required lo be C￿nduCted via an open, publicly advertised, skills
based recruitment process. Any member or non-momber, excluding staff, may nominate themselv8s or another person to
b8 a tmstee. Persons identified or nominated as potential truslees need to exhibit the skills necessary to contributs to
maintaining an effective management board. The majority of trusteès must be considered independent trustees. i.e. be
free of any interesL business cf olhor relalionship which could roasonably be pe￿iVed to intsrfere with that person's ability
to act in the best interests of the charity. The membership shall be infomed by July of eaoh year of the names and skills
of persons selected to be trustees. If the maximum number of trustees is not meL the board may co-opt other persons to
sèrvice for a period up to on8 y88r and may SèTViC8 bèyond thèir initial tsrm up to a maxlmum of three years.
Page 4

Association for Physi￿1 Education
Roport of the Trustees
for tho Yoar Endod 31st March 2024
Each trustee seNice for three years after selection. at the end of which they retire. Reliring Irustses are 8llgibl8 for
immediate re-seledion for 0 rn8ximum of tsvo further temis of three years, after which they are not eligible for fvrtheT
sèlection until a period of at laast four years has elapsed. In exc£ptional circumstances. a trusts8 may hold office for a
further year.
Th8 maximum number of trustees is knwelve.
sTRU￿ruRE. GOVERNANCE AND MANAGEMENT
Ckganisational structur•
The board of Irustegs nonnally meets at least four times per year and establishes an overall framework for the governance
of the tharity and detemiining membership. temis of reference and procedures of committees and other group. Th8 board
r8ceived reports from the finance committee and other groups where relevant. and decided on whether lo adopt any
recommendations received from such groups as de8m8d r818vanL The activities of Ihe committees are monitored by way
of reading the minutes of Iheir meetings and reports submitted to the board. The board may from tim8 to time establish
working groups to perform specific tasks oveT a limited timescale.
The ffinance committee meets at least three times a year and is responsible for monitoring, evaluating and reviewing tt
policies and p8rft)nnance of the charity in relation to financial management and Complian￿ with financial reporting and
other regulatory requirements. It also in￿rpOrateS the role of the audit Gommitt89. The finance committee is required to
mprise of at least two truste8s norninated by the board of trustees.
The board of trustees considers any proposals for changes to the status or goveming document of the charity and its
committee structure as appropriate.
The board of tnjstees is responsible for settlng general policy, adopting a str8tegic plan and budget, approving the statutory
accounts, monitoring the charsty by use of budgets and Other dats and making major decisions about the direction of ihe
chaiity. capital expenditure and staff appointments.
Induction and training of new tru5t•os
The training and induction provided for new trustees depends upon their existing experience but will always include the
provision and èxplanation of explanatory documents. such as Yhe Essential Trustee. and similar guidance. key policies
and regular professional leaming opportunities at the b8ginning of board m8etings.
As there are nomially only fv40 or three new trustees each year, induction tends to be donè Inf0m￿llY and is tailored
Specifically to the individual.
Relevant courses offérèd by oth8r bodies 8r8 8tt6nd8d by trustees where available.
Key management personnel
The board of trustees has delegated responsibilty for the day to day management of the charity lo the key management
personnel. The key management personnel comprise th8 Chief Executive Officer. the Operalions Managerand Ihe Finance
Manager. The key management personnel implement the policies laid down by the trusts8s and report back to them on
performance.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of ￿sociation for Physical Education for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and
United Kingdom Aocounting Standards (United lfjngdom Gonerally Accepted Accounting Practice).
Company law requires the trustees to prepare fjnancial statements for each financial year vthich give a true and fair view
of Ihe state of affairs of the tharitable (x)mpany and of the incoming resources and application of resources. including1he
income and expenditure. of the charitable company for that period. In preparing those financial statements, the twstee5
a￿ required to
select suitsble accounting policies and then apply them consistently,.
obser¥e the methods and principles in the Charity SORP."
make judgements and estimates that are reasonable and prudent:
prepare the financial statements on tho going concem basis unless it is inappropriate to presume thet the charitable
company will continue in business.
Tho trustees are responsible for keeping proper accounting records which disdose reasonable accuracy at any time
the financial position ofthe charitsble company and to enable them to ensure Ihat the financial statements comply with the
Companies Act 2006. They are also reswnsible for safeguarding th8 assets of the charitable company and hence for
tsklng reasonable steps for the prevention and detection of fraud and other irregularities.
Pag8 5

Association for Physical Educatlon
Report of the Tru8tO08
for tho Yoar Ended 31st March 2024
In so far as the trustees are aware:
there is no relevant audit infoTmation of which the tharitable companys auditors are unaware.. and
the trustees have taken all steps that they oupht to have taken to make themselves av￿re of any relevant audit
Infomiation and to e8t8blish that the auditors are aware of that inft>rniatlon.
This report has been prepared in accordance ￿￿th the special provisions of P8rt 15 of the Companies Act 2006 relating to
small companies.
Approved by order of the board of tnjstees on ...........20.1.25...........................-...... and signgd on its behalf by.
Pn)f Jeann8 K8ay- Trusts8
Pag8 6

Report of the Indepondont Audhoro to tho MornborB of
Assoclatlon for Physlcal Education
Opinion
W8 have audited th8 financial statements of Association for Physical Edu¢ation {thè 'charitsble company.) for the year
ended 31st M8r¢h 2024 which comprise the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statsment
and notes to th8 financial statements, induding a summary of signific8nt accounting polici88. The financial reporting
framework that has been applied in their preparation is applicablè law and United Klngdom Accounting Stsndards (United
lfjngdorn Generally Aoceptsd Accounting Pr8Ctic8).
In our opinion the financial statements:
give a true and fair vlew of tho state of the charitable company's affairs as at 31 st M8rch 2024 and of its inoNning
resources and application of resources, including its income and expenditure, for Ihe year then ended,.
have begn properly prèpared in accord8nc8 with United Kingdom Generally Accepted Accounting Praclice; and
have b88n prepared in accordance with the requirements of the Companiès Act 2006.
Basis for opinion
We conducted our audit in accordance with Intem8tional Standard5 on Auditing (UK) {ISAs {UK)) and applicable law. Our
resFonsibilities undèr thos8 Standards are further described in the Auditors, responsibilities for the audit of tho financial
statements section of our report. We are independent of th8 charitabl8 company in accordance with the ethical
requirements that are relevant to our audit of the financlal statements in the UK. including the FRC'S Ethical Standard, and
the provisions available for small entilies, in the circumstsnces set out in note 24 to the financial statements. and we have
fulfilled our other ethical responsibilitie5 in accordance V￿th these r8quir8ments. We believe thal the audit èvidenc8 We
have obtsined Is sufficient and appropriate to provide a basis for our opinion.
Conclusions rèlating to golng concam
In auditing the financial statements. we have concluded that the trustees. use of the going concem ba818 of accounting in
the preparation of the financial statements is appropriate.
Based on the work wè hav8 Performed, w8 have not Identified any material uncertainties relating to 8verrts or conditions
that. individually or collectively, may Cast Signifi￿nI doubt on the charitsblè company's ability to continue as a going
concem for a period of at least ￿e1ve months from when the financial statements are authorised for issuè.
Our responsibilities and the r8spon5ibilitl8s of th8 trustses with respect to going concem a￿ described in th8 relevant
sections of this report.
Othor matters - comparatiVg8 audited by another auditor
The fin8nci81 statements of the charilabl8 company for the year ended 31 st March 2023 were audited by another auditor
who expressed an unmodified opinion on those financial statements.
Other Infomiatlon
The trust8es are r8sponsibl8 for th8 Other Infomation. The other inforniation comprises the infornation included In the
Annual Rgport, other than the finan￿al statsments and our Rèport of the Indep8nd8nt Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise èxplicitly
stated in our report, W8 do not Oxpress any fom of assurance Conclusion thereon.
In connection wth our audit of the financial ststements, our responsibility is to read the other information and. in doing so,
¢on8ider whether the other information is materially inconsistent with the financial statements or our knowledge obtalned
in thè audlt or otherwis8 app8ars to be matsrially misstated. If￿￿ identify suth material inconsist8nci8s cr8pparent material
misstatements, are required to detemiine vthelh8r thls gives rise to a material misstatement in the financial statements
themselves. If. based on the work we have performed, we conclude that there Is a material misstatsment of thi8 other
information. we are required to rèport that fact. Wo have nothing to report in this regard.
Opinions on other matters prnscribod by the Companles Act 2006
In our opinion. based on the work undertaken in the coursé of th8 audit:
the information giv8n in the Report of the Trustees for the financAal year for which the financlal stat8ments are prepared
is consistent wth the financial statements; 8nd
th8 Report of tha Trustees has been prepared in aC￿rdanCe with 8Fplicable legal requlrements.
Page 7

Report of tho Indepondont Auditors to thè M8mbfrrs of
Association for Physlcal Educatlon
Mattèrs on which we aro requlred to report by exception
In the light of the knowledge and understanding of th8 charftab18 company and its envtronment obtained in the course of
the audit, we have not identÈfièd material misstat8m8nts in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 r8quir8s us lo report to you
if. in our opinion:
adequate accounling records have not been kept or r8tums adequate for our audit have not been received from
branches not visited by us,. or
the financial 5tat8ments are not in agreement with the accounting records and retums,. or
certain disclosures of trustees. remuneration specified by law ar8 not made- or
we have not re￿iVed all the information and explanations ¥￿ require for our audit- or
the trustees wer8 not 8ntiUed to take advantsge of the small companies exemption from the requirement to prepare a
Strategic Report or in preparing the Report of the Trustees.
Responsibilities of twstees
As explained more fully in the Statemenl of Trustees, Responsibilities. fhe truste85 (who are also the directors of the
charilable company for the purposes of company law) are responsible for the preparation of the financial ststements and
for being satisfied that they give a true and fair view. and foT such intemal control as the trustees detemiine is necessary
to enable the preparation of financial statements that are free from material mis51atement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible forassessing the ch8ritable company's ability to continue
as a going concern. disclosing. as applicable. matters related to going concem and using the going c(mcem basis of
8CLounting unless the truste95 either intend to liquidate th8 charitable Company or ta cease operations, or have no r88listic
altemative but to do so.
Our responsibilities tor the audlt of the financlal stat8monts
Our objectives are to obtain reasonable assur8nce abjut whether the financial statements a8 a whol8 are free from material
misststement, whether duo to fraud or error, and to issue a Report of the Ind8P8nd8nt Auditors that includ8s our opinion.
Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conduc18d in accordancè with
ISA8 (UK} will always d8t8Ct a m8t8rial misstatement when it exists. Misstaternents can arise from fraud or error and aro
considered material if, individually or in the aggr6g8tè. they could reasonably be expected to influence the econcthic
decisions of usérs taken on the basis ol these financial statements.
The exient to vthich our proc8dur8s are capable of detecting irregularities. Including fraud is detailgd below:
Irrègularities, including fraud, ar8 Instances of nonrycompliance wth laws and regulations. We design procedures in line
with our responsibilities, outlingd above. to del8Ct matsrial missLgtements in respect of i￿egularitieS, including fraud.
However. il is the primary responsibility of management. wlth the oversight of those charged with govemance. to ensure
that the entity's operations are conducted in accordance with the provisions of laws and r8gulations and for the prevention
and detectIC￿ of fraud.
In identifying and assessing risks of material misst8tem8nt in respect of irregularities. including fraud. we have:
obtained an understanding of the nature of the industry and sector, induding the legal and regulatory framgwork
that the company operates in and how the company is complying with Ihg legal and regulatory framework" and
inquired of Management, and those charged with govemance. about their own identification and assessment of
the risks of irregularities. including any known actual. suspected or a118g8d inslances of fraud.
As a result of these procedures we consider the most significant layds and regulations that have a direct impact on the
financi81 statements are the Charities SORP (FRS 102) 'Ac¢ounting and Reporbng by Charities.. Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard
102 The Financial Reporbng Standard applicable in th8 UKand Republic of Ireland,, the Companies Act 2006 (and related
legislation). the Charitie5 Act 2011 (and related legislation) and regulation5 relating to the employment and payment of
staff induding, but not limited to, the Employment Rights Ad 1996. the National Minimum Wage Acl 1998 and the Pension
Act 2008.
We p8rfom8d audit pro¢edur8S to detect Mn-compliances which may hav8 a material impacl on the financial slatements.
whith induded reviewing the financial statement disclosures and sample testing of monthly payroll records for the
calculation of gross wages, payroll taxe5 and pension WiSts.
We idenlified the greatest risk of matsrial imp8d the financial statements from irregularities. including fraud, to be the
timing of recognition of grant and contract income. and Ihe allocation by management of costs to individual restricted funds.
Our audit procedures to respond to these risks included. testing of a sample of grant and contract income against the terms
of th8 funding agr88m8nts and the requirement ofthe Charilies SORP (FRS 102), sample testing on the posting of journals
and reviewing accounting 8stim8t8s for biases.
Page 8

Rèport of the Indepondont Audltors to tho Membern of
Assoclallon for Physical Edu&*lon
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities. including those leading
to a material misstatement in the financial stataments or nonwcompliance with regulation. This risk increases the more that
Complian￿ with a law or regulation is removed from the events and transadions r8fiect8d in the ffinancial statements, as
we will be less likely to become aware of instances of n0￿CoMpli8nCe. The risk is also greater regarding irregularities
occurring due to fraud rather than error. as fraud involv8s intentional concealmenL forgery, collusion. omission or
misrepresentstiw.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's V￿bsite at vwrt.frc.org.ukl8uditorsresponsSbilities. This description fomis part of our Report of the Independent
ditors.
Pag8 9

Report of thè Independent Auditors to the Mombèrs of
Assoclallon for Physlcal Educatlon
Use of our report
This report is made solety to the charitable companvs member5, as a l)ody, in ac￿rdanCe with Chapter 3 of Part 16 of
Companies Act 2006. Our audit worf( has be8n undertaken so that we might state to the charitable companvs members
those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest èxtent ￿rrnItted
by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable
companls members as a body, for our audli work. for thls report. or for the opinlons w8 have fomied.
Melissa Jean Godwin ACA ACCA (Senior Statutory Auditor)
for and on behalf of Rith8rds Sandy Audit Sèrvices Limited
(Statutory Auditor)
Thom8109 House
25 Barboume Road
Worcester
WR1 1RU
Date:....Tr7.. -01:..LS..:
Page 10

Association for Physlcal Educatlon
statamant of Flnanclal Actlvltles
for tho Year Ended 318t March 2024
2024
Total
funds
2023
Total
funds
as restated
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
10.000
10,000
Charilabl8 activitios
Charitable activities
557,998
557.998
544.089
Inv8strn8nt income
7,217
5,260
Total
565.215
10.000
575,215
549.349
EXPENDITURE ON
Charitable activities
Charitable activities
688.153
78.687
76
697.746
NET INCOMEI(EXPENDITURE)
(122,938)
(68.687)
{191.625)
(148.397)
RECONCILIATION OF FUNDS
Totsl funds brought fO￿ard
527,949
69.363
597,312
745,709
TOTAL FUNDS CARRIED FORWARD
676
405 687
597,312
The notes form part of thes8 financial statements
Page 11

Association for Physlcal Educallon
Balance Sheet
31st March 2024
2024
Total
funds
2023
Totsl
funds
as rnstated
Unrestricted
funds
R8stricted
funds
Notes
FIXED ASSETS
Tangible assets
Investrnents
16
17
5,563
5.563
3.760
5.564
5.564
3.761
CURRENT ASSETS
Debtors
Investments
Cash at bank and in hand
18
19
50.907
255.000
373.151
50,907
255,000
373,827
173,069
151,606
581,583
676
679,058
676
679,734
906,258
CREDITORS
Amounts falllng du8 Wthin one year
20
1279,611)
{279,611)
{312.707)
NET CURRENT ASSETS
676
400,123
593,551
TOTAL ASSETS LESS CURRENT LIABILITIES
405.011
676
405.687
597,312
NET ASSETS
405.011
676
405.687
597.312
FUNDS
Unrestricted funds
Restricted funds
22
405,011
676
527.949
69.363
TOTAL FUNDS
405,687
597.312
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subjed to the small companies regime.
The financial statements were approved by the Board of Trustses and aulhorised for issue on 1910112025 and were signed
on its behalf by:
M.steVe￿sOv￿ 19/01/25
Michael Stevenson - TTU8tse
The notes form part of Ihese financial statements
Page 12

As$o¢ialion ft•r Physical Educ*ion
Cash Flow Statement
for the Yoar Ended 31st March 2024
2024
2023
as restated
Notes
Cash flows from operating aclivitlOS
Cash generated from operations
Interest paid
(107.532)
(141,732)
Net cash used in operating activities
107 532)
141.758)
Cash flows from investing a¢tlvlllos
Purchase of tsngible fixed assets
Cash paid into f￿8d t8mi d8posit bonds
Maturity of fixed tem deposit bonds
Inte￿st receivad
(4,047)
{255,000
1 51.606
(395)
(151.606)
300.000
5.260
Nat cash (used inyprovided by investing activities
100,224)
153.259
Change in cash and cash equivalents In
the reporting period
Cash and cash equivalents at the
beginning of tho rnporling period
1207.756)
11.501
570.082
Cash and cash equlvalents at tho end of
the roporting period
373 827
581583
The notes fomi part of these finanGial staternents
Page 13

As$ociation for Physlcal Educatlon
Notes to tha Cash Flow Slatement
for tho Year Endod 318t March 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTivrriES
2024
2023
as reststed
Net oxpendlture for the reporting period las per the Statèment of
Financial Activilles)
Adjustmonts for.
Depreciation charges
Interest received
Interest paid
Décr8as8 in debtors
D8(x8ase in creditors
(191,625)
(148.397)
1,976
(5.260)
26
35,779
25,856
17,217)
122.162
33,096
Net Cash u8ed in oporations
107.532
141.732)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Not cash
Cash at bank and in hand
581.583
207 756
373.827
581583
207,756
373 827
Liquid resources
Deposits included in cash
Current asset investments
151.606
255 000
255.000
Total
733 189
104.362
The notes form part of th8S8 financial ststements
Page 14

Association for Physical Education
Notès to the Financial Statsmants
for the Year Ended 31st March 2024
ACCOUNTING POUCIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable Company. which is a publlc ben8ffit éntity under FRS 102. have been
prepared in accordance with the Charities SORP {FRS 102)'Accounting and Reporting by Charities: Statement of
Recommended Pradice applicable to charitie5 preparing their accounts in accordance with the Financial Roporting
standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).. Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The finanrAal statements have been prepared under the historical cost convention. vdith the 8xc8ption of
investments which are induded at market value.
PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial stalements contsin infomiation about Association for Physical Edu(alion as an individual company
and do not contain consolidated finan￿al infomwtion as the parent of a group.
The tharity is exempt under Section 399(2A) of the Companies Act 2006 and under Section 139(3) of the Charities
Act 2011 from the requirements to prepare consdidaied financial statements.
GOING CONCERN
These financial statements have be8n prepared on a going cx)ncem basis. as the tNstees believe that no material
uncgrtainli8s regarding going concem exist.
In making this assessment. the trustees have considered the levd of funds held and the expected18vel of incom8
and expenditur8 for a p8riod not less than 12 months from thè date thal these financial statements have been
authorised.
INCOME
All income is recognised in the Statement of Financial Activitles once the charity has entitlement to th8 funds. it is
probable that the income will be received and the amount (an be measured reliably.
Income from grants is recognised in the period in which the charity is entitled to receipt and the amount can be
measuréd with r88sonab18 C8rtalnty. Incomè from grants Is only deferred when the charity has to fjjlfil conditions
not yet met before becoming entilled to it or where the donor has speafied that the income is to be expended in 8
futur8 P8ri0d.
Subscription incom8 is recognised on a straight line basis over tho period of thè subscription.
Incom8 from th8 provision of cours8s and other comm8rci81 services are recognlsed on delivery of those services.
Incom8 from advertising is recognised in line With the provision of such advertising services.
Royalties incom6 is recognis8d in line with the periods for which such income rolates.
EXPENDITURE
Liabilities a￿ recognised as expendilure as soon as there is a legal or constructive obligation committing the charity
to that 8xpenditure, it is probable that a trdnsf8r of economic b8neffts will be required in seluement and the amount
crf the obligation r2n be measured reliably. Expenditure is accounted for an accruals basis and has been
classified under headings that aggregate all cost related to the cthegory. Where Costs (annot be directly athibuted
to particular headings they have been allocated to activities on a basis consistent wth the us8 of resourc8S.
TANGIBLE FIXED ASSETS
Depreciation 1$ provided at the following annual rates in order to write off eath asset over its estimated useful lrfe.
Offir£ equipment
Computer equipment
25Qh on rnst
25% on cost
The chanty has set a capitalisation limit of £1,000. such that items below this limit are nomially expenses through
the statement of fjnancial acbvities rather than being capitalised.
FIXED ASSET INVESTMENTS
Inv8stments in subsidiaries ar8 measured at cost, less any provlslons for impairmenL
TAXATION
The charity is exempt from corporation tax on Its charitable activlti8S.
Page 15
continued...

Associatlon for Physical Edu&*ion
Notos to the Flnaneial Statements - continued
for the Yoar Endod 31st March 2024
AccouNfiNG POUCIES - continuod
FUND ACCOUNTING
Unr8strictsd funds can be used in accordance with the charitsble objectives at the discretion of th8 trustees.
Restricted funds can only be used for particular reslrided purposes withln the obj8cts of the charity. Restrictions
arise when specified by th8 donor or when funds are raiséd for partlcular restricted purposes.
Further explanation of the nature and purws8 of eath fund is includ8d in the notes to the financial statements.
OPERATING LEASE COMMITMENTS
Rentsls paid under operating188ses are charged to thg Ststement of Flnancial Acbvities on a straight line basis
over the period of th8 laasg.
PENSION COSTS
The charitable company operates a defined contribution pension scheme. Contiibutions payable to the charitable
company's pension scheme are charged to the Ststement of Financial Activities in the period to which they r8late.
DONATED SERVICES
Donated rental facilities are included as bjth donation income and as expenditure, provided the
value of the gift can be rneasured reliably. Where the value of the gift cannot be mea8urèd reliably. no amourrts
are included.
The contribution of unpaid general voluntsers arè not recognised on the basis that it is Impractical to measure
rellably the fair value of donalèd goods.
FINANCIAL INSTRUMENTS
The tharity has electéd to apply the provisic￿$ of Section 11, Basic Financial Instmments. and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instNments are recognised when the charity becomes p8ty to contractual provisions of the instrument.
Financial assets are offset, the net amounts presented in the 8ccounts where there is a 18gally enforceable
right to set off th8 r8cognlsed amounts and there is an int8ntion to settle on a net basis or to realisg th8 asset and
settle the liability simultaneously.
Basic financial assets
Basic finanGial asséts, which indude trade and other receivables and cash and b8nk balances. are initially
measured at transaction price induding transaclion costs and are subsequenlly carried at 8mortlsed cost using the
èfféctive Int8rest method unless the arrang8m8nt constitutes a financing transaction, where the transaction is
measured at the present valu8 of th8 future receipts dI￿ntsd at a market rate of interest.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-tsmi highly liquid inv8Stments with 8 short maturity of 3 month
or Ivas from the date of acquisition or opening of the deposit or similar ac￿unt.
Current asset investmonts
Current asset inveslments includes cash equivalents on deposit with a maturlty of more than 3 month. but less than
one year, from the date of acquisition or opening of the d8POSit or similar accounts.
Basic financial liabilitios
Basic financial liabilities. including trade and olher payables, ar8 initially recognised at transaction price unless the
arrang8m8nt constitutes a financing transaction. whore the debt instrument Is measured at the près8nt value of
future receipts. discountèd at a market rate of interest. Debt instruments are subsequently carried at amortised
cost, using the effective interest rate m8thod.
Trade payables are obligations to P8y for goods or services that h8v8 b8en acquired in the ordinary cOu￿e of the
operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or
less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction.
Page 16
continued...

Assoclatlon for Phys1￿1 Educatlon
Notos to the Flnanclal Statements - conllnued
for tho Year Endod 31st March 2024
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Estimatès and judgèmènts 8r8 conttnually evaluat8d and are based on historical experience and other factOf5,
including 8XP8Ctalions of future events that are b81i8ved to ￿ reasonable under the circumstances.
Critical araas of judgamanl
The allocation of staff costs behveen individual unrestricted and restrirted funds is based on thè estimated split of
staff time for ea¢h individuel employe8 of the charity bètween such funds.
DONATIONS AND LEGACIES
2024
2023
as r8stat8d
Donations
10.000
INVESTME1￿ INCOME
2024
2023
as restatsd
Bank interest
5.260
INCOME FROM CHARITABLE ACTMTIES
2024
2023
as r8Stat8d
Subscriptions
Royalties
Advertising
Training courses and conferences
Olher contract income
338,245
64,970
17,992
114,266
22,525
365,230
60.712
17.433
68,169
557 998
544.089
CHARITABLE ACTIVITIES COSTS
Direct
Costs Is8e
note 7)
Support
costs {s88
note 8)
Totals
Charitable activities
272,376
494,464
766,840
DIRECT COSTS OF CHARITABLE ACTMTIES
2024
2023
as r8Stat8d
Training courses and conferences
Project and contract work cost
Travel
Sundries
Physic81 Education Matters publication costs
Physl¢al Educatlon and Sport Pedagogy publication costs
General advertising activities
Conferences and other events
109,020
46,166
14,458
55.568
123,664
11.755
4.513
48.125
37,038
3.374
16.905
53,872
30,437
3.909
272.376
300,942
Page 17
continued...

Association for Physlcal Educatlon
Notes to the Financlal Statemonts - continued
for th• Yoar Ended 31st Mareh 2024
SUPPORT COSTS
Govemancg
costs
Management
Totals
Charitable activities
460 933
33,531
494,464
Support costs, included in the above. are as follovts:
MANAGEMENT
2024
2023
as reststed
Wages
Social $e¢urity
Pensions
Photocopier rental costs
Rent
Premise expenses
Insurance
Office running costs
Stsff trav61
Bank charges
Health & safety and other technical advi89r8
Irrecoverable VAT
Depreciation
Bank interest
269,597
22,254
21,780
3,779
11,299
4,708
27,926
27,012
11,824
2,817
30,722
24,971
2,244
221,866
19,176
18,118
3,897
4,408
26,791
19,454
6,660
2,207
27,136
12,666
1,976
26
460 933
GOVERNANCE COSTS
2024
2023
as restated
Auditors. remuneration
Trustee meeting costs
Governance officer fees
Legal and professional fe8S
7,350
5,027
16,781
4,373
9,605
7.676
15.142
33,531
32,423
NET INCOMEI(EXPENDITURE)
Net incomellexpendiiure) is stated after chargingl(crediting)=
2024
2023
as restated
Depreriation - ¢Jwned assets
Hire of plant and machinery
Other operating leases
2,244
3,779
11,299
1.976
3.897
Page 18
ontinued...

Association for Physical Edu&ition
Notes to tho Flnan¢lal Statemènts - continued
for the Year End￿ 31st March 2024
10.
AUDITORS. REMUNERATION
2024
2023
Current year auditors
Audrt of the financial 5tatsments
8,820
Prior year audltors
Audit of the finanaal statements
Audit of the financial statements - overl(under) on last yeals 8ccrual
8.820
785
1,470
1,470
9.605
Total auditors. rnmunoration
9.605
11.
TRUSTEES. REMUNERATION AND BENEFrrs
There were no tn15tees' remuneration or other benefits for the year ended 31 st March 2024 norfor the year endèd
31st March 2023.
TRUSTEES. EXPENSES
During the year 10 trustees were reimbursed expenses totalling £3.184 (2023 - 3 trustees were reimbursed
expenses totalling £1,944).
12.
STAFF COSTS
2024
2023
8s restated
Wages and salaries
Social security costs
Other pension costs
269,597
22,254
21.780
221,866
19.176
18,118
313.631
259,160
Pension costs relate tri defined contribution sehemes only.
The avgfdge t1K)nthly numb8r of employees during the year was as ft)Ilows".
2024
2023
as r8Stated
Staff
The numb8r of employe8s whose employee benefits (exduding employer pension costs) 8xceeded £60,000 was:
2024
2023
as restated
£70,001- £80.000
Key management ￿rSonn￿ rnmuneratlons
The key managemerrt personnel of the charity comprises the Chief Executive Officer. the Membership Manager
and tho Finan￿ Officer.
Totsl remunerations (induding employers N.1. and pension contributions) totslled £156.201 (2023- £169.685).
Page 19
continued...

A$socialion for Physlcal Educatlon
Notes to the Flnanclal Statements - continued
for the Year Ended 31st March 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricled
funds
Restricted
funds
Total
funds
as restatsd
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
544.089
544.089
Investrnent income
5.260
5,260
Total
549,349
549,349
EXPENDrruRE ON
Charitable activities
Charitable activities
605,031
697,746
NET INCOMEI(EXPENDITURE)
<55.682)
(92,715)
(148.397)
RECONCILIATION OF FUNDS
Total funds brought forward
583.631
162.078
745.709
TOTAL FUNDS CARRIED FORWARD
527.949
69.363
597.312
14.
PRIOR YEAR ADJUSTMENT
The compara11ves hav8 been restated for the following adjustments:
1 Deferred membership income was miscalculated in prior years. The comparatives have been 8mended to
increase deferred incomg as at 31 Ma￿h 2023 from £32.512 to £204.587 and as at 31 March 2022 frorn
£44,334 to £206,691.
2 In prior years restricted fund grant income was accounted for uslng the accrual model. However Charfties
SORP requires that grant income be recognised using Ihe perfomianc8 mod81. Thè comparatives have been
amended to refiect the different point in time that grant incom8 is recognised under the perfomance model
compared to the acxrual rnodel.
3 In prior years there was a rèslricted fund called Regions and Home Counties fund. Howeverthis fund derived
from unrestricted trading in￿rne. The compar8tiv8s have been amended to show this viithln general
unrestricted funds, rather than as a restricted fund.
4 Cash held in 1 yearfixed tem d8POSit b)nds totalling £1 $1.606 (2022- £300.000)were in prioryears included
in cash at bank. The comparatives have been amended lo redassify these balances as current asset
investments
The effect of th8s8 prior year adjustrnents on lasl yeafs statement of financial activities is as follow5-
Original
balances
adjust
adjust
adjust
adjust
Adjusted
balances
Incorne
Donations and legacies
Charitable activities
Investment Income
98.644
553,807
5,260
(98.644)
(9.718)
544.089
5.260
Expendlturo
Charitable adivities
697.746)
697.746)
Net incomel(expenditure)
(40.035)
(9,718) (98.644)
(148,397)
Opening totsl funds
780.048
162.359) 128,020
745,709
Closlng total funds
740.013
172.077)
597.312
Page 20
conlinued...

Assoclatlon for Physl¢al Educatlon
Notss to the Flnanclal Slatements - contlnued
for the Year Ended 31st March 2024
14.
PRIOR YEAR ADJUSTMENT - contlnu•d
Th8 effèct of these prior year adjustments on the balance sheet as at 31 March 2023 is as follows."
Original
balances
adjust
adjust
adjust
adjust
Adjustod
balances
Tangible fixed assets
Fixed asset investments
Debtor5
Current asset investments
Cash at bank
Creditors
3.760
3.760
143.693
29.376
173,069
151.606
581.583
312.707)
151,606
(151,606)
733.189
140.630)
172.077)
740.013
172,077
29,376
597.312
Unrestrided fvnds
R8strict8d funds
663.515
76,498
{172,077)
36,511
527,949
69,363
740.013
172,077
29,376
597,312
The effect of these prior year adjustrnents on the balance sheet as at 31 March 2022 is as follows..
Original
balances
adjust
adjust
adjust
adjust
Adjustod
balan¢e8
Tangible fixed assets
Fixed asset invesbments
Debtors
Current asset investments
Cash at bank
Creditors
5,341
5.341
96.348
112,500
208.848
300.000
570.082
338,563)
300.000
(300.000)
870.082
191.724}
162.359)
15.520
780.048
162.359
128.020
745.709
Unrestrided funds
Restricted funds
721.523
58.525
(162.359)
24.467
583.631
162,078
780,048
162,359
128 020
745,709
15.
DONATED SERVICES
During both the current and previous years, the University of Worcester provided the charity with office space and
re18ted s8Nic8s fr88 of charg8.
No value has been included in the financial statem8llts to reflect this donalion of services, on the basts the value
of thes8 seNices cannot be reliably detemined.
Page 21
continued...

A8sociation for Physical Educatlon
Notos to the Flnanclal Statements - eontlnued
for tho Yoar Endod 31st March 2024
16.
TANGIBLE FIXED ASSETS
Office
equipment
Computer
equipment
Totals
COST
At 1st April 2023
Additions
3,008
782
29,288
3,265
32,296
4,047
At 31st March 2024
3,790
32.553
36.343
DEPRECIATION
At 1 st April 2023
Charge for year
2,712
296
25.824
28,536
2.244
At 31st March 2024
30,780
NET BOOK VALUE
At 31st March 2024
782
4,781
5,563
At 31st March 2023
296
3.760
17.
FIXED ASSET INVESTMENTS
Shares in
group
undertakings
MARKET VALUE
At 1 st April 2023 and 31 st March 2024
NET BOOK VALUE
At 31st March 2024
At 31 st March 2023
The company's Investments at the balance sheet date in the share ￿pital of companies include the following:
alPE Limited
Registered offi￿. 1 Elgar Business Centre. Moseley Road. Hallow. Worcester, WR2 6NJ
Nature of buslness: Domant
Class of share:
Ordinary
holding
100
2024
2023
Aggregate capital and reseNes
18.
DEB TORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
as restat8d
Trade debtors
Other debtors
A¢¢rued income
Prepayments
14,692
3,025
19.107
14,083
36.043
124.101
12,925
173.069
Page 22
continued...

Assoclation for Physlcal Educatlon
Notes to the Finan¢ial Ststemgnts - continued
for the Year Ended 31st March 2024
19.
CURRENT ASSET INVESTMENTS
2024
2023
as rèstated
Cash equivalents on deposit
255,000
151,606
20.
CREDITORS: AMouKfs FALLING DUE wrrHIN ONE YEAR
2024
2023
as restated
Trade creditors
Social security and other taxes
VAT
Other creditors
Accrued expenses
Deferred income
42,312
6,298
14,162
2,480
23,778
190 581
50,273
6,314
11.632
7,118
12,447
224,923
279.611
312,707
Deferred income
Defe￿ed income at the year end consist of..
2024
2023
Membership subscrlptlons
Advertising income
Royalties
Annual conference fees
Other income
174,460
12,371
3,750
204,587
12,371
3.750
2,124
2.090
190,581
224,922
All deferred income at the end of last year was released tr) thè statement of financial 8Ctivities during th8 curnnt
financial year.
21.
LEASING AGREEMENTS
Minimum lease payments under nonwcancellable operating leases fall due as follows:
2024
2023
as reslaled
Within one year
Between one and five years
15,448
13,402
2.730
2.730
Page 23
continuad...

Association for Physical Educatlon
Notes to the Flnancial Statoments - Continued
forthe Yoar Ended 31st March 2024
22.
MOVEMENT IN FUNDS
Nel
movement
in funds
At
31.3.24
At 1.4.23
Unrestrictsd funds
General fund
527.949
1122.938)
405,011
Restricted fund8
Gerald Murray
Sport England- Primary PE
Sport England- Secondary Teather Training
676
39.313
29.374
676
(39,313)
29,374
69.363
68.687
676
TOTAL FUNDS
597.312
191625)
Net mov8m8nt in funds. induded in the above ar8 as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrostricted funds
General fvnd
565.215
{688,153)
{122.938)
Restrided funds
Sport England - Primary PE
Sport England - Secondary Teacher Training
Concussion Tesources for schoo15
(39.313)
(29.374)
{39.313)
{29,374)
10.000
8,687
TOTAL FUNDS
575.215
66.840)
191,625)
Comparatlves for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
Generdl fund
583.631
(55.682)
527.949
Restricted funds
Gerald Murray
Sport England - Primary PE
Sport England - Secondary Tèacher Training
676
42.080
119.322
676
39.313
29.374
{2,767}
162.078
92,715
69.363
TOTAL FUNDS
745 709
148.397)
597.312
Page 24
ontinued...

Association for Physlcal Edu&*lon
Notss to the Flnanclal Statements - contlnued
for the Yoar Endod 31st March 2024
MOVEMENT IN FUNDS - continued
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resources
èxpended
Movemènt
in funds
Unrestrided funds
General fvnd
549,349
(605.031)
(55.682)
Restrlcled funds
Sport England - Primary PE
Sport England - Secondary Teacher Trainlng
(2,767)
89.948
(2.767)
92.715
92.715
TOTAL FUNDS
549,349
697,746)
148,397
DESIGNATED FUNDS
Règions and Home Counties
Relates to funds raised by regional committees which is ring-fenced for those regions future use.
There is no fixed time fram8 under vthich th8so funds are expected to be spent by.
RESTRICTED FUNDS
Gerald Murray
Relates to a historical bequest to be used to reward the professi¢)nal vthen colleagues have madè 8 significant
contribution.
Sport England - Primary PE
Relates to grdrts re￿iVed from Sport England to b8 Used to assist with providing PE aclivities to primary school
children.
Sport England - Secondary Teacher Training
Relates to grants reeEived from Sport England to be used to provide a secondary teacher training programme.
23.
RELATED PARTY DISCLOSURES
There were no r8lat8d paty transactions for th8 y8ar ended 31 st March 2024.
FRC EfHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common wlth many othor businesses of our slze and nature we use our auditors to prepare assist with tha
preparation of the financial statements.
Page 25

Assoclatlon for Phys1￿1 Educatlon
Dotalled Statomont of Flnanclal Actlvltles
for tho Yoar Ended 31st March 2024
2024
2023
as restated
INCOME AND ENDOWMENTS
Donations and legacios
Donations
10,000
Inveslrnent Income
Bank interest
7,217
5,260
Charitable activitias
Subscriptions
Royalties
Adverbsing
Training courses and conferenc85
other contract income
338,245
64,970
17,992
114.266
22,525
365,230
60.712
17,433
68,169
32.545
557.998
544,089
Total incoming resources
575,215
549.349
EXPENDITURE
Charitablé activitias
Training courses and conferences
Proied and c￿ntraCt worf( ￿st
Travel
Sundries
Physical Education Matters publication costs
Physical Education and Sport Pedagogy
publication costs
General advertising activities
Conferences and other events
109,020
46,166
14,458
55.568
123,664
11,755
4,513
48,125
53,872
30,437
3,909
37.038
3,374
16.905
272,376
300,942
Support costs
Wages
Social security
Pensions
Photocopier rental costs
Rent
Prernise expenses
Insurance
Office running costs
Staff travel
Bank charges
Health & safety and other tsGhni¢al advisers
Irrecoverab18 VAT
Depre¢ialion
Bank interest
269,597
22,254
21,780
3,779
11.299
4,708
27,926
27,012
11.824
2,817
30,722
24,971
221.866
19.176
18.118
3.897
4.408
26.791
19.454
6,660
2.207
27,136
12,666
1,976
26
460,933
364.381
This pag8 does not fom part of th8 stalutory financial stateff*nts
Page 26

Assoclatlon for Physlcal Education
Detallod Statement of Financial Activiti08
for the Yèar Endèd 31st March 2024
2024
2023
a5 restated
Govemance costs
Auditors, remunoration
Trustee meeting costs
Govemanc8 officer fees
Legal and professional fees
7.350
5,027
16,781
4.373
9,605
7,676
15.142
33,531
32.423
Total r8sources expend8d
766.840
697.746
Net oxpondlture
148.397)
This page do8s not fom part of the statutory financial statements
Page 27