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2022-06-30-accounts

Registered number: 05664605 Charity number: 1115222

SPORT 4 LIFE UK (A company limited by guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Sport 4 Life UK (A company limited by guarantee)

CONTENTS

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Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees’ report 2 - 13
Independent Auditors’ Report on the Financial Statements 14 - 17
Statement of Financial Activities 18
Balance Sheet 19 - 20
Statement of Cash Flows 21
Notes to the Financial Statements 22 - 42

Sport 4 Life UK (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2022

ENDED 30 JUNE 2022
Trustees Hitesh Patel, Chair
Thomas Crane
Alexandra Ireland
Mundeep Johal
Max McLoughlin
Emma Neale
Pamela Wilde
Company registered number 05664605
Charity registered number 1115222
Registered offce Unit 121-122 Scott House
The Custard Factory
Gibb Street
Birmingham
B9 4AA
Company secretary and
Chief executive offcer		 Tom Clarke-Forrest
Accountants MHA MacIntyre Hudson
Chartered Accountants
Rutland House
148 Edmund Street
Birmingham
B3 2FD
Bankers The Co-operative Bank
P.O Box 250
Delf House
Southway
Skelmersdale
WN8 6WT

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2022

The Trustees present their annual report together with the financial statements of the Company for the year 1 July 2021 to 30 June 2022. The Annual report serves the purposes of both a Trustees’ report and a directors’ report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

OBJECTIVES AND ACTIVITIES

A. OBJECTIVES

The charity’s objectives, as set out in its memorandum and articles of association are:

The provision or assistance in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the objective of improving their conditions of life;

The promotion of community participation in healthy recreation by the provision of facilities for (including but not limited to) football, cricket, athletics, netball, basketball, tennis, squash, gym and swimming;

The relief of financial hardship among people living or working in the area of benefit by assisting directly by providing such persons with goods or services which they could not otherwise afford through lack of means; or assisting indirectly by (for example but not limited to) encouraging sports professionals to embrace poverty issues, linking sports professionals with particular sports projects, or assisting sports professionals to act as ambassadors in relation to poverty issues;

The advancement of the education of the public in the subjects of physical exercise, fitness, nutrition and lifestyle;

OR

The promotion of any other charitable purpose.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 OBJECTIVES AND ACTIVITIES (CONTINUED)

B. NEEDS, OBJECTIVES AND DELIVERY

Needs

More children and young people are living in poverty and disadvantage than before

People from diverse ethnic backgrounds are more likely to live in the most deprived areas.

By the time they reach school they are already behind their peers and significantly more likely to leave without good qualifications

Young people face the very real prospect of being long term NEET, developing mental health issues, and being unable to bridge the gap between themselves and their peers.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

OBJECTIVES AND ACTIVITIES (CONTINUED)

This leaves young people more likely to be welfare dependent as they grow up, experience wage scarring, develop mental health issues, and be unable to afford basic necessities.

Long periods of unemployment make young people 7.9 times more likely to become NEET again.

Objectives and Delivery

Sport 4 Life UK believes in a level playing field where every young person has the opportunity to create a better future for themselves.

Sport 4 Life UK is proud to provide the opportunity for young people aged 11 - 29 to prepare for, and move into, sustained education, employment, or training by improving their employability and key life skills - through its sports-themed mentoring and training services.

More information can be found on our website (www.sport4life.org.uk), and is included in our 2022 Impact Report, however the outline of Sport 4 LIfe UK’s service delivery is presented below:

Recruitment and Outreach

Young people are recruited into Sport 4 Life UK through a range of referrals, including: (i) partner organisations (including the Job Centre Plus), (ii) sport and physical activity engagement sessions, (iii) community outreach and (iv) digital platforms. Following this, young people go through a structured in-take and needs assessment, and are profiled to determine their eligibility, their needs and barriers, and establish the activities and services they will engage in.

Engagement

All young people have the option to progress into mentoring and/ or access training services on a needs-led basis. One- to-one mentoring is the key service that runs throughout a young person’s journey with Sport 4 Life UK, and covers: action plans, employability support, mentoring and key personal development.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 OBJECTIVES AND ACTIVITIES (CONTINUED)

Following this, and on a needs-led basis, young people then progress onto group-based ‘Training’ activities (delivered by our ‘Training’ team), which include:

accredited qualifications;

structured sport and physical activity;

youth-led social action; and

NCS (National Citizen Service)

On certain programmes, a range of these activities are delivered together as a package, across a number of weeks to a defined group of young people.

Progression

The bespoke package of mentoring support and training activities support Sport 4 Life UK beneficiaries into meaningful and sustainable progression and impact, that is fully evidenced. NEET (not in employment, education or training) young people (aged 16 to 29) progress into employment, education or training, and EET (currently in employment, education or training) young people (aged 11 to 18) progress within employment, education or training.

Sport 4 Life UK supports all beneficiaries following their progression, to ensure that the impact is sustained. Sport 4 Life UK works directly with beneficiaries for up to 12 months.

Our activities and services support these young people to: (i) gain accredited qualifications (including ‘Functional Skills’), (ii) transform their key life skills (motivation, self-esteem, communication, behaviour and teamwork), (iii) improve their mental health and wellbeing, (iv) reduce crime (if applicable), (v) improve their employability skills, (vi) improve educational performance, (vii) complete a work placement and (viii) progress from NEET to EET* (including sustained job outcomes).

*Re-engaged with employment, education or training

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

OBJECTIVES AND ACTIVITIES (CONTINUED)

C. VOLUNTEERS

We work with volunteers to support the delivery of our programmes, as well as supporting the volunteers’ development. Volunteers vary in the amount of time they volunteer and programmes they work on. All volunteers receive appropriate and required training, staff support and are subject to an Enhanced DBS check (in line with our DBS policy) - to ensure they can successfully fulfil their role.

D. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE COMPANY’S PURPOSES FOR THE PUBLIC BENEFIT

The main activities undertaken to further the charity’s purposes for public benefit are outlined above. In developing the activities of the charity the trustees are mindful of the requirement to deliver public benefit and have given due regard to the guidance published by the Charity Commission in this respect.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

ANNUAL REVIEW

Over 2 million young people live in poverty in Britain today. Even before the pandemic, they were 40% less likely to get good GCSEs, 40% less likely to go to university and twice as likely to be out of a job or study after school. Sadly, in two- thirds of cases, a young person’s overall labour market trajectory can be correctly predicted based on only four risk factors at the age of 16 - low educational attainment, low self-confidence, early pregnancy and a disadvantaged family background. And the challenges over the last couple of years have further brought this plight of young people into the spotlight - almost 19% of 18-24s were no longer working during the pandemic (compared to just 4% of 25-54s), and Black and Asian young people were even harder hit (17% more likely to be unemployed). The decline in working hours for young people with no qualifications was five times higher during the crisis than for those with a degree, and more than one in four young people are worried that poor mental health will affect their ability to progress in education or work.

And despite positive recovery signs from the pandemic - including job vacancies and the broader long-term youth unemployment rate - economic inactivity is extremely low, the UK has a very tight job market, a cost-of-living crisis, and the disparity between the most disadvantaged and their peers remains.

This shows the very real challenges and barriers that disadvantaged young people face. This is the challenge, and we are part of the solution.

Central to our values, we believe in young people and their potential, and believe that we can support them - through our delivery model - to create a better future for themselves. Using sport and physical activity as a hook and vehicle, over this last year we’ve supported young people holistically, recognising the intricate links between education, employability, health and wellbeing. By working with schools, local communities, partners and employers, we’ve equipped young people with the motivation, qualifications, life skills and knowledge they need to succeed in their next chapter - and ultimately in the world of work.

Impact

In 2021/2022, we engaged 2,608 young people through the delivery of 3,021 sessions, and meaningfully supported 1,492 of them over the long-term to achieve a combined 873 tangible outcomes.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Demographics

Recruitment

Engagement

Progression

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

FINANCIAL REVIEW

A. PERFORMANCE

Sport 4 Life UK is in a stable financial position, and the organisation’s finances are managed effectively. The Board holds unrestricted reserves in order to provide sufficient resources in the event of adverse circumstances. The Directors also review the controls over key financial systems, as outlined in the Financial Policy, on an annual basis. Sport 4 Life UK raises its funds through grants, contracts, trusts and donations.

B. GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

C. RESERVES POLICY

Sport 4 Life UK’s reserve policy was reviewed in July 2021. The review looked into our 3 main risks within the organisation: cashflow, unforeseen costs and loss of income. We have based our new reserves policy on safely covering these 3 main risks. We will continue to review and monitor our reserves policy on an annual basis, and it will be reviewed again in July 2022.

Sport 4 Life UK’s reserves policy is to hold, and maintain, cash reserves equivalent to three months of: (a) total unrestricted expenditure, (b) restricted EET and NEET expenditure and (c) the ‘at risk’ proportion of our NCS contract (50%). At 30 June 2022 this amount equated to £277,780. This will be held as unrestricted reserves, to allow flexibility on its application, should this be required.

At the year end unrestricted reserves were £376,399 (2021: £277,912) which was above the target level for 2022. We have a planned growth for the 2022 financial year, with budgeted expenses of £1,418,000. This equates to a reserves target of £384,974 in 2023. Therefore our reserves at the year end (30 June 2022) has helped us to build toward our 2023 reserves target.

These reserves are to cover any unexpected drop in income, as well as protection for the charity’s core services, operations, and key overheads. It also provides security for future growth.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 FINANCIAL REVIEW (CONTINUED)

D. PRINCIPAL RISKS AND UNCERTAINTIES

The Directors actively review the major risks which the charity faces on a regular basis. Key risks are recorded on the organisation’s Risk Register, are regularly managed by the leadership team, and are reviewed by the Board quarterly. The Risk Register ensures that risks are recorded and highlighted, effectively articulated, and have clear and effective mitigation strategies. Whilst not an exhaustive list, some of the key risks the organisation faces include:

Loss of income - financial loss arising from the potential inability to secure funding against annual income targets;

Cashflow - potential prolonged periods where expenditure exceeds cash received; and

Unforeseen costs - unexpected costs incurred that were not budgeted for.

E. PRINCIPAL FUNDING

Once again the organisation has attracted a healthy balance of grant funding and contracts. With some income generated from a combination of national, regional and local funders and trusts.

F. FUNDRAISING

During this financial year the charity worked with a third party to source funding from grant making trusts and bodies. This is reviewed on a regular basis and a decision has been made for this to cease within the next financial year. The charity does not generally seek to raise funds proactively from individuals. During the year, a targeted fundraising campaign (R15E UP) was trialed, engaging potential supporters digitally through existing supporters and corporate partners. A similar campaign (R15E UP 2.0) is likely to take place next reporting year. Due to the nature of fundraising the charity does not consider it necessary to adopt one of the voluntary codes for fundraising. There have been no complaints received by the charity in the year in respect of fundraising.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

A. CONSTITUTION

Sport 4 Life UK is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 3 January 2006, amended by special resolution on 18th April 2006, and registered as a charity on 11 July 2006. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

B. METHODS OF APPOINTMENT OR ELECTION OF TRUSTEES

Under these Articles, members are appointed by the Board of Directors.

C. ORGANISATIONAL STRUCTURE AND DECISION-MAKING POLICIES

The business of the Company is managed by the Board of Directors who are also the Trustees. Currently the company has seven Trustees – Hitesh Patel, Thomas Crane, Alexandra Ireland, Mundeep Johal, Max McLoughlin, Emma Neal and Pamela Wilde. Under these Articles, members are appointed by the Board of Directors. The day to day running of the charity is delegated by the Trustees to the Chief Executive Officer (CEO) Tom Clarke-Forrest, who is supported in this role by the leadership team.

D. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

All Trustees receive ongoing training and a full induction to Sport 4 Life UK. The members are also the Directors of the Company. The Directors have a policy to recruit Trustees with appropriate and complementary skills as required.

E. PAY POLICY FOR KEY MANAGEMENT PERSONNEL

Sport 4 Life UK has a structured ‘Pay & Reward’ policy and procedure. This states why and how pay and rewards are implemented and reviewed. In line with the organisation’s ‘Scheme of Delegation’ and ‘Matters Reserved for the Board’, the Board-led Remuneration Committee has responsibility for ensuring fair and equitable decisions in relation to remuneration, rewards and benefits for all employees - including the pay structure, pay reviews, annual changes, policy review, application of the policy and all relevant legal and statutory requirements. Pay, rewards and benefits are reviewed annually in April. During reviews, formal benchmarking may be undertaken externally to support and inform the process.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

PLANS FOR FUTURE PERIODS

As a values-led organisation, Sport 4 Life UK creates its strategic priorities and action plans through this lens. Following consultation with a number of key stakeholder groups (including staff, volunteers, young people, funders and partners), the organisation has new 5-year strategic priorities, and a 12-month Action Plan that flows and filters from this.

Over the next 5 years, Sport 4 Life UK aims to continue to sustainably grow and expand its services, driven by its mission to change more young people’s lives. In addition to this, the organisation aims to drive through transformational improvement in its services, to be the ‘go to’ youth employment charity for the region, to be one of the best places to work in the region and to make key contributions to its community and society.

And through seven structured workstreams (Finance & Governance, HR & Workforce, Operations, Funding, Marketing, Digital & Systems and Business Development), there is a clear 12-month Action Plan towards these strategic objectives. More information on this is available in our ‘2022/2023 Strategy’ document (available on our website https://sport4life.org.uk/our-mission/).

As the leading sport-for-employment charity in the West Midlands, we are well positioned - strategically and operationally - to meet these ambitions for the year ahead. Our new 2022/2023 year marks an incredible 16 years since our inception. And whilst last year (15th anniversary) was a key milestone for the organisation, the values-led ambition to continue to change more young peoples’ lives remains as strong as ever.

We will continue to manage the charity in a prudent manner which will ensure the long-term sustainability of the organisation.

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Sport 4 Life UK (A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

SIGNED: DATED: 07/02/2023

Hitesh Patel, Director and Trustee

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Sport 4 Life UK (A company limited by guarantee)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF SPORT 4 LIFE FOR THE YEAR ENDED 30 JUNE 2022

OPINION

We have audited the financial statements of Sport 4 Life UK (the ‘charitable company’) for the year ended 30 June 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

have been prepared in accordance with the requirements of the Charities Act 2011.

BASIS FOR OPINION

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

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

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Sport 4 Life UK (A company limited by guarantee)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF SPORT 4 LIFE UK (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

OTHER INFORMATION

The other information comprises the information included in the Trustees’ Report other than the financial statements and our Auditors’ Report thereon. The Trustee are responsible for the other information contained within the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this 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 misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Trustee’s Report is inconsistent in any material respect with the financial statements; or

sufficient accounting records have not been kept; or

the financial statements are not in agreement with the accounting records and returns; or

we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF TRUSTEES

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

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

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Sport 4 Life UK (A company limited by guarantee)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF SPORT 4 LIFE UK (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

AUDITORS’ RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Reviewing minutes of meetings of those charged with governance;

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

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

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Sport 4 Life UK (A company limited by guarantee)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF SPORT 4 LIFE UK (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

USE OF OUR REPORT

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

MHA MacIntyre Hudson

Chartered Accountants Statutory Auditors

Birmingham, United Kingdom

DATE: 07/02/2023

MHA MacIntyre Hudson are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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Sport 4 Life UK (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2022

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Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
Note
£ £ £ £
Income from:
Donations and legacies 2 14,430 3,000 17,430 8,192
Charitable activities 3 467,010 912,581 1,379,591 914,572
Investments 4 136 - 136 401
Total income 481,576 915,581 1,397,157 923,165
Expenditure on:
Raising funds 5 43,834 - 43,834 40,240
Charitable activities 6 245,758 969,510 1,215,268 833,626
Total Expenditure 289,592 969,510 1,259,102 873,866
Net income/(expenditure) 191,984 (53,929) 138,055 49,299
Transfers between funds 13 (93,497) 93,497 - -
Total transfers (93,497) 93,497 - -
Net movement in funds 98,487 39,568 138,055 49,299
Reconciliation of funds:
Total funds brought forward 13 277,912 1,157 279,069 229,770
Net movement in funds 98,487 39,568 138,055 49,299
Total funds carried forward 376,399 40,725 417,124 279,069
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The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 22 to 42 form part of these financial statements.

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Sport 4 Life UK (A company limited by guarantee)

BALANCE SHEET AS AT 30 JUNE 2022

REGISTRATION NUMBER: 05664605

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2022 2021
Note
£ £
Fixed assets
Tangible assets 10 736 2,276
736 2,276
Current assets
Debtors 11 224,642 66,240
Cash at bank and in hand 461,378 511,519
686,020 577,759
Creditors: amounts falling due
12 (269,632) (300,966)
within one year
Net current assets 416,388 276,793
Total net assets 417,124 279,069
Charity funds
Restricted funds 13 40,725 1,157
Unrestricted funds 13 376,399 277,912
Total funds 417,124 279,069
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Sport 4 Life UK (A company limited by guarantee)

BALANCE SHEET AS AT 30 JUNE 2022 (CONTINUED)

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by:

SIGNED: DATED: 07/02/2023

Hitesh Patel, Director and Trustee

The notes on pages 22 to 42 form part of these financial statements.

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Sport 4 Life UK (A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2022

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2022 2021
Note
£ £
Cash flows from operating activities
Net cash used in operating activities 15 (48,918) 147,839
Cash flows from investing activities
Dividends, interests and rents from investments 136 401
Purchase of tangible fixed assets (1,359) (509)
Net cash used in investing activities (1,223) (108)
Change in cash and cash equivalents in the year (50,141) 147,731
Cash and cash equivalents at the beginning of the year 16 511,519 363,788
Cash and cash equivalents at the end of the year 16 461,378 511,519
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The notes on pages 22 to 42 form part of these financial statements

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Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

Sport 4 Life UK is an incorporated Charity registered with the Charity Commission for England and Wales registration number 1115222. The Company is registered in the UK, registration number 05664605. The registered office is Units 121-122, Scott House, The Custard Factory, Gibb Street, Birmingham, West Midlands, B9 4AA.

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

Sport 4 Life UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Charity’s functional and presentational currency is British Pound Sterling (£) and is rounded to the nearest pound (£).

The following principal accounting policies have been applied.

1.2 COMPANY STATUS

The Charity is a Company limited by guarantee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity’s operations and principal activities are included in the Trustees Report.

1.3 GOING CONCERN

The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity’s ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

This consideration has taken into account the expected impact of Covid-19 and the current economic environment on the Charity, as far as it can be determined, and the Trustees remain satisfied that the going concern principle remains appropriate.

22

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES (CONTINUED)

1.4 INCOME

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

Donations are accounted for when they are received.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Charity’s Banks.

1.5 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.6 TAXATION

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

23

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES (CONTINUED)

1.7 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

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

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

Depreciation is provided on the following bases:

Fixtures and fittings - Over 5 years

Computer equipment - Over 3 years

1.8 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

24

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES (CONTINUED)

1.11 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.12 OPERATING LEASES

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

1.13 PENSIONS

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

1.14 FUND ACCOUNTING

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

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

25

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
2. INCOME FROM DONATIONS AND LEGACIES
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Donations
-
Community 14,430 14,430 7,492
Corporate - 3,000 3,000 700
Total 2022 14,430 3,000 17,430 8,192
Total 2021 7,992 200 8,192
----- End of picture text -----

----- Start of picture text -----
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Income from charitable activities 467,010 912,581 1,379,591 905,790
Coronavirus Job Retention Scheme - - - 8,782
Total 2022 467,010 912,581 1,379,591 914,572
Total 2021 302,054 612,518 914,572
GRANTS FROM PUBLIC BODIES TO FUND CHARITABLE ACTIVITIES
Restricted funds Total funds
2022 2022
£ £
----- End of picture text -----

----- Start of picture text -----
GRANTS FROM PUBLIC BODIES TO FUND CHARITABLE ACTIVITIES
Restricted funds Total funds
2022 2022
£ £
Birmingham City Council 15,100 15,100
Sandwell Metropolitan Borough Council 21,848 21,848
36,948 36,948
Total 2021 - -
----- End of picture text -----

26

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Grants from non-public bodies
to fund charitable
activities
Other funders 4,800 5,500 10,300 (4,391)
-
Alliance of Sport 4,925 4,925 6,178
Awards for all - 9,500 9,500 9,500
Birmingham Organising
Committee for the 2022 - 30,000 30,000 -
Commonwealth Games Ltd
Birmingham Sport and Physical - -
3,634 3,634
Activity Trust
BVSC - 57,253 57,253 -
CABWI - 13,500 13,500 -
CAF Resilience Fund - - - 30,000
Children in Need - Inspiring -
28,500 28,500 47,245
Futures
Clarion Futures - - - 3,000
-
EQ Foundation 15,000 15,000 15,000
Erasmus and Monitor (3,307) - (3,307) 6,000
FIFA (streetfootballworld) 8,711 16,000 24,711 26,166
- -
Garfield Weston Foundation 20,000 20,000
-
Henry Smith Charity 33,900 33,900 33,900
-
Living Well UK 10,000 10,000 14,900
National Lottery Community Fund -
50,226 50,226 208,000
(RC Midlands Region)
- - -
Paul Hamlyn Foundation 20,000
Cfwd 45,204 262,938 308,142 415,498
----- End of picture text -----

27

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Bfwd 45,204 262,938 308,142 415,498
PCC for West Midlands 6,000 100,969 106,969 -
Pixel Fund 3,000 - 3,000 -
Raise Your Hands 16,700 - 16,700 10,000
Randeree Charitable Trust - - - 4,500
SCVO Emotional Wellbeing -
46,704 46,704 9,450
Programme
- -
Sport England 6,500 6,500
St James Place Foundation - 22,500 22,500 22,500
- - -
Stone Family Foundation 65,000
-
Streetfootballworld plus Gmbh 7,184 7,184 28,658
Streetfootball world USA Inc - - - 1,788
StreetGames - 6,748 6,748 -
- -
The Albert Gubay Charitable Trust 50,000 50,000
The JD Foundation 17,500 - 17,500 14,500
- - -
This Girl Can Community Fund 5,020
- -
The Inspirational Learning Group 9,508 9,508
The Postcode Local Trust - 18,513 18,513 -
- -
The Saintbury Trust 3,000 3,000
- -
This Girl Can Community Fund 2,900 2,900
Cfwd 98,588 527,280 625,868 576,914
----- End of picture text -----

28

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Bfwd 98,588 527,280 625,868 576,914
UK Youth - 5,079 5,079 2,006
Youth Future Foundation 16,629 33,334 49,963 99,927
- - -
Youth Sport Trust 1,700
115,217 565,693 680,910 680,547
Total 2021 227,906 452,641 680,547
----- End of picture text -----

29

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Trust and Foundation grants
to fund charitable activities
- - -
29th May 1961 Charitable Trust 3,000
- - -
Edward Cadbury Charitable Trust 5,000
- -
Edward Gostling 15,000 15,000
- - -
George Fentham Charity 3,000
Grimmitt Trust - 4,000 4,000 -
JL Foundation 30,000 - 30,000 -
Johnnie Johnson Trust - 4,820 4,820 -
Norton Foundation - 3,500 3,500 -
- - -
Peter Sowerby Foundation 20,000
Roger & Douglas Turner Charitable -
6,000 6,000 5,000
Trust
Souter Charitable Trust 3,000 - 3,000 3,000
- -
Stone Family Foundation 65,000 65,000
The DMF Ellis Charitable Trust - 5,000 5,000 5,000
The Eveson Charitable Trust 10,001 - 10,001 5,000
- -
The Hobson Charity 3,500 3,500
The Sheldon Trust - - - 10,000
Other grants under £2,500 1,500 9,500 11,000 13,250
115,501 45,320 160,821 72,250
Total 2021 42,500 29,750 72,250
----- End of picture text -----

30

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
Unrestricted Restricted Total funds Total funds
funds 2022 funds 2022 2022 2021
£ £ £ £
Contracts and Services
BVSC - - - 3,075
- - -
King Edward VI Academy 1,379
Living Well UK 4,641 25,464 30,105 27,753
National Probation Service - 6,999 6,999 3,000
REED in Partnership (NCS) 231,651 228,972 460,623 106,238
Other - 3,185 3,185 11,548
236,292 264,620 500,912 152,993
Total 2021 22,866 130,127 152,993
----- End of picture text -----

----- Start of picture text -----
Unrestricted Restricted funds Total funds Total funds
funds 2022 2022 2022 2021
£ £ £ £
Total Income from charitable
activities
- -
Total grants from public bodies 36,948 36,948
Total grants from non-public
115,217 565,693 680,910 680,547
bodies
Total Trust and Foundation grants 115,501 45,320 160,821 72,250
Contracts and Services 236,292 264,620 500,912 152,993
467,010 912,581 1,379,591 905,790
Total 2021 293,272 612,518 905,790
----- End of picture text -----

31

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

4. INVESTMENT INCOME
Unrestricted
funds 2022		 Total funds
2022		 Total funds
2021
£ £ £
Investment income 136 136 401
5. EXPENDITURE ON RAISING FUNDS
Costs of raising voluntary income
Unrestricted
funds 2022		 Total funds
2022		 Total funds
2021
£ £ £
Staff costs 43,834 43,834 40,240

----- Start of picture text -----
6. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
Support costs Total Total
undertaken
2022 funds 2022 funds 2021
directly 2022
£ £ £ £
Charitable activities 1,065,982 149,286 1,215,268 833,626
Total 2021 733,296 100,330 833,626
----- End of picture text -----

----- Start of picture text -----
Analysis of direct costs
Total Total
funds 2022 funds 2021
£ £
Staff costs 822,981 604,818
Travel and subsistence 5,086 3,835
Marketing and advertising charitable activities 21,167 13,668
Volunteer costs 1,909 -
Project delivery and resource costs 150,449 96,665
Charitable trading 64,390 14,310
1,065,982 733,296
----- End of picture text -----

32

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

----- Start of picture text -----
Analysis of support costs
Total funds Total funds
2022 2021
£ £
Premises expenses 47,758 24,639
Administrative overheads 71,378 27,166
Consultancy fees 28,201 37,769
Transition costs 1,949 10,756
149,286 100,330
----- End of picture text -----

7. AUDITORS’ REMUNERATION
2022 2021
£ £
Fees payable to the Charity’s auditor for the audit of the
Charity’s annual accounts (2021: To the Company’s
independent examiner for the independent examination of
the Company’s annual accounts)		 9,000 2,950
Fees payable to the Charity’s auditor (2021: Company’s
independent examiner)in respect of:
All non-audit services (2021: Other services) not
included above		 1,250 1,250

----- Start of picture text -----
8. STAFF COSTS
2022 2021
£ £
Wages and salaries 788,355 584,250
Social security costs 59,746 47,447
Pension costs (note 18) 18,714 13,361
866,815 645,058
----- End of picture text -----

33

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

8. STAFF COSTS (CONTINUED)

----- Start of picture text -----
The average number of persons employed by the Charity during the year was as follows:
2022 2021
No. No.
Core staff 25 19
Sessional staff (NCS/Holiday activities) 33 18
58 37
----- End of picture text -----

No employee received remuneration amounting to more than £60,000 in either year.

There has been a large increase in sessional staff due to the growth in the NCS programme and holiday activities.

The Key Management Personnel of the Charity are deemed to be those having authority and responsibility, delegated to them by the Trustees, for planning, directing and controlling the activities of the Charity. The Key Management Personnel of the Charity comprise the Trusteees and the Senior Leadership Team. The total employee benefits of the Key Management Personnel of the Charity (including employer national insurance and employer pension) in respect of the charity is £205,725 (2021: £194,114).

9. TRUSTEES’ REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2021: £Nil).

During the year ended 30 June 2022, expenses totalling £71 (2021: £Nil) were reimbursed or paid directly to 1 Trustee in respect of travel expenses.

34

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
10. TANGIBLE FIXED ASSETS
Fixtures and Computer
Total
fittings equipment
£ £ £
Cost or valuation
At 1 July 2021 1,022 20,324 21,346
Additions - 1,359 1,359
-
Disposals (5,679) (5,679)
At 30 June 2022 1,022 16,004 17,026
Depreciation
At 1 July 2021 513 18,557 19,070
Charge for the year 509 1,881 2,390
-
On disposals (5,170) (5,170)
At 30 June 2022 1,022 15,268 16,290
Net book value
At 30 June 2022 - 736 736
At 30 June 2021 509 1,767 2,276
----- End of picture text -----

35

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
11. DEBTORS
2022 2021
£ £
Due within one year
Trade debtors 10,992 -
Other debtors 14,000 14,000
Prepayments and accrued income 199,650 52,240
Total 224,642 66,240
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 11,674 37,326
Other taxation and social security 2,679 14,492
Other creditors 6,572 2,079
Accruals and deferred income 248,707 247,069
Total 269,632 300,966
2022 2021
£ £
Deferred income
Deferred income at 1 July 238,852 135,683
Resources deferred during the year 229,707 238,852
Amounts released from previous periods (238,852) (135,683)
Deferred income at 30 June 229,707 238,852
----- End of picture text -----

Deferred income comprises grant funding received in advance of entitlement.

36

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

13. STATEMENT OF FUNDS

----- Start of picture text -----
Statement of funds - current year
Balance at Transfers Balance at 30
Income Expenditure
1 July 2021 in/(out) June 2022
£ £ £ £ £
Unrestricted funds
Designated funds
- - -
Designated Funds 25,000 25,000
General funds
General funds 277,912 481,576 (289,592) (118,497) 351,399
Total Unrestricted funds 277,912 481,576 (289,592) (93,497) 376,399
Restricted funds
EET 337 332,098 (425,932) 93,497 -
NEET 78 316,354 (282,434) - 33,998
NCS 742 232,157 (226,172) - 6,727
Other - 34,972 (34,972) - -
Total restricted funds 1,157 915,581 (969,510) 93,497 40,725
Total of funds 279,069 1,397,157 (1,259,102) - 417,124
----- End of picture text -----

37

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

13. STATEMENT OF FUNDS (CONTINUED)

UNRESTRICTED FUNDS

Designated Funds

The £25,000 carried forward balance in the designated fund has been specifically set aside to fund the setting up of a new CRM system that will be implemented in 2022/2023.

General Funds

Charitable funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Transfers of £93,497 from unrestricted funds to the restricted funds represents allocation from unrestricted funds against the restricted funds EET overspend.

RESTRICTED FUNDS

EET Service

Sports-themed mentoring based services for yound people aged 11 to 18 who are currently in education, but at risk of becoming NEET. Intervention includes structured one-to-one mentoring, accredited qualifications, employer encounters and youth-led social action. Transfers of £93,497 from unrestricted funds to the restricted funds represents allocation from unrestricted funds against the restricted funds EET overspend.

NEET Service

Sports-themed mentoring based services for NEET young people aged 16 to 29. Intervention includes structured one-to-one mentoring, accredited qualifications, employer encounters (including mock interviews) and youth-led social action.

NCS

NCS is the National Citizen Service which is operated under contract in accordance with the national programme.

38

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

13. STATEMENT OF FUNDS (CONTINUED)

----- Start of picture text -----
Statement of funds - prior year
Balance at Transfers Balance at 30
Income Expenditure
1 July 2020 in/(out} June 2021
£ £ £ £ £
Unrestricted funds
General funds 224,211 310,447 (247,965) (8,781) 277,912
Restricted funds
EET - 227,153 (235,597) 8,781 337
NEET 5,559 261,512 (266,993) - 78
NCS - 99,165 (98,423) - 742
Other - 24,888 (24,888) - -
Total restricted funds 5,559 612,718 (625,901) 8,781 1,157
Total of funds 229,770 923,165 (873,866) - 279,069
----- End of picture text -----

39

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

----- Start of picture text -----
Analysis of net assets between funds - current year
Unrestricted Restricted Total
funds 2022 funds 2022 funds 2022
£ £ £
Tangible fixed assets 736 - 736
Current assets 415,588 270,432 686,020
Creditors due within one year (39,925) (229,707) (269,632)
Total 2022 376,399 40,725 417,124
Analysis of net assets between funds - prior year
Unrestricted Restricted Total
funds 2021 funds 2021 funds 2021
£ £ £
-
Tangible fixed assets 2,276 2,276
Current assets 338,750 239,009 577,759
Creditors due within one year (63,114) (237,852) (300,966)
Total 2021 277,912 1,157 279,069
----- End of picture text -----

40

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
15. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2022 2021
£ £
Net income for the year (as per Statement of Financial
138,055 49,299
Activities)
Adjustments for:
Depreciation charges (note 10) 2,390 5,189
Dividends, interests and rents from investments (note 4) (136) (401)
Loss on the sale of fixed assets 509 -
Increase in debtors (note 11) (158,402) (41,769)
Decrease in creditors (note 12) (31,334) 135,521
Net cash (used in)/provided by operating activities (48,918) 147,839
----- End of picture text -----

16. ANALYSIS OF CASH AND CASH EQUIVALENTS 16. ANALYSIS OF CASH AND CASH EQUIVALENTS 16. ANALYSIS OF CASH AND CASH EQUIVALENTS
2022 2021
£ £
Cash in hand 461,378 511,519
Total cash and cash equivalents 461,378 511,519
17. ANALYSIS OF CHANGES IN CASH
At 1 July 2021 Cash fows At 30 June
2022
£ £ £
Cash at bank and in hand 511,519 (50,141) 461,378
Total 511,519 (50,141) 461,378

41

Sport 4 Life UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

18. PENSION COMMITMENTS

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,714 (2021: £13,361). £6,572 (2021: £2,068) were payable to the fund at the balance sheet date and are included in creditors.

19. OPERATING LEASE COMMITMENTS

----- Start of picture text -----
At 30 June 2022 the Charity had commitments to make future minimum lease payments under non- cancellable
operating leases as follows:
Restated
2022
2021
£ £
Not later than 1 year 50,400 47,200
Later than 1 year and not later than 5 years 134,400 184,800
Total 184,800 232,000
----- End of picture text -----

20. RELATED PARTY TRANSACTIONS

No related party transactions took place in the year ended 30 June 2022, other than those disclosed in note 9.

21. CONTROLLING PARTY

The Charity is ultimately controlled by the Board of Trustees.

22. COMPANY LIMITED BY GUARANTEE

The Charity is a Company limited by guarantee and does not have share capital.

42

Supporting the future generation has never been so important. If young people continue to engage with education, gain new skills, and stay physically and mentally healthy, it will increase their chances of progressing through life successfully.

0121 456 1818 contact@sport4life.org.uk sport4life.org.uk Sport4LifeUK

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