2025-03-31-accounts

Somerset Activity and Sports Partnership (A Charitable Company Limiled by Guarantee) Annual Report and Financial Statements For the Year Ended 31 March 2025 Company Number: 05798066 Charity Registered in England and Wales Number: 1118900

Somerset Activity and Sports Partnership Contents For the Year Ended 31 March 2025 Pa Reference and Administrative Details Trustee Directors, Report 2-13 Independent Auditors, Report 14-17 Statement of Financial Activities 18 Balance Sheet 19-20 Statement of Cash Flows 21 Notes to Financial Statements 22-43

Somerset Activity and Sports Partnership Reference and Administralive Details For the Year Ended 31 March 2025 Trustee Directors D Blackford J A Chidley-sanders A M Coates GRCOX T M Evans D Maycock A J Randle D J Scarratt Y G Vigar J M Whitehead Chief Executive Officer J Knowles Deputy Chief Executive Officer J Hannis Offlce Manager R Martin Finance Offlcer A Britton Charlty Number 1118900 Company Number 05798066 Prlnclpal Address and Registered Offlce First Floor Offices Castle Business Centre Castle Road Chelston Business Park Wellington, Somerset TA219JQ Audltors Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton, Somersel TA12PX Bankers Svenska Handelsbanken 1. Floor Equity House Blackbrook Park Avenue Taunton, Somerset TA12PX Solicitors Ashfords 41 St James Street Taunton, Somerset TA1 1JR Investment managers Heartwood Investment Management No. 1 Kingsway London WC2B Produced by Albert Goodman LLP Page 1

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 The Trustees, who are also directors for the purposes of the Cornpanies Act, present their report and the financial statements of the charity for the year ended 31 March 2025, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the Charities Act 2011. the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Praclice applicable in the UK and Republic of Ireland <SORP FRS 102) (effective 1 January 2019). The full name of the Charity is Somerset Activity and Sports Partnership. It was incorporated on 27 April 2006 as a company limited by guarantee. Its company registration number is 05798066. Its Charity registration number is 1118900. The Charity is variously referred to throughout this report as either "the Charity" the Company" or SASP" References and Admlnlstrative Detalls Administrative information is given in a separate section at the front of these financial statements. Directors and Trustees The directors of the Company are the Charity's Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving during the year and since the year end are as follows., D Blackford J A Chidley-sanders A M Coates A J Cockcroft GRCOX A E Driscoll T M Evans A J Gardner D Maycock A J Randle D J Scarratt Y G Vigar J M Whitehead (Appointed 2010112025) (Resigned 2711112024) (Resigned 2910412025) (Appointed 2010112025) (Resigned 2711112024) (Appointed 2010112025) None of the Trustees have any beneficial interest in the Company. All of the Trustees are members of the Company and guarantee io contribute £10 in the event of a winding up. Produced by Albert Goodman LLP Page 2

Somerset Activity and Sports Partnershlp Trustee Directors, Report For the Year Ended 31 March 2025 Introduction from The Chair Having been a Trustee for 5 years and now in my first year as Chair, l am exceptionally proud of our charity and the remarkable achievements of the Somerset Activity and Sports Partnership (SASP) over the past twelve months. In 2025, we continued to develop the solid foundation established through the Somerset Moves strategy in 2023. This document continues to be the cornerstone of our aspirations. Through this strategy we, working with collaborative partners continue to make a profound difference to the lives of thousands of people across the County. We continue to invest considerable effort in developing Strategic relationships and connections at every level. One of the greatest challenges we face is integrating all local and national partners to achieve a truly long-term, system-wide approach. This remains a central focus of our Somerset Moves strategy. At the national level, the government has acknowledged the importance of our work, particularly in supporting the NHS with a renewed emphasis on prevention and community care, however we are mindful of the economic challenges by governments at all levels. We are also aware of the challenges faced by our funders and will continue to do everylhing in our power to not Just provide great value for money but, where possible, to provide added-value to our stakeholders. The impact of SASP has been outstanding over the last S years. Thousands of individuals from all backgrounds have ben8fited from our work on a daily basis. Our community prograrnmes have had a positive effect on many local communilies, featuring initiatives aimed at those with greater disadvantage. I am particularly proud of our work with the Holiday Activity & Food (HAF) programme where we continue to support over 7,000 children on benefits related free school meals, making sure they get a hot meal during the school holidays while enjoying the benefits of physical activity. Later in this report we cover in more detail many of our operational achievements, but the social benefits of what we do should never be underestimaled. Through our programmes of work to get residents "Fit for Work" Move to I ndependence" and "ProActive Physical Activity on Referral" not only support individuals to have fitter & healthier lifestyles, but contribute to saving both Ihe DWP and NHS tens of thousands of pounds by getting people back in the workplace and/or back home fmm hospital The successes articulated later in this report do not happen on their own. Supporting me at Board level are very talented and skilled volunteer Truslees who work hard to support the executive team to realise our ambitions. We have put a lot of work into recruiting some excellent new Trustees who have breathed fresh ideas and impetus into our work. This has then filtered toward our amazing Senior Leadership Team, led by our CEO. Jane Knowles and ably supported by her Deputy, Jake Hannis. This team of dedicated people are the reason that SASP continues to grow not just in size of business, but in reputation to the point where we have become the go-to or9anisation in Somerset to "get things done" because that is what we do. Rupert Cox SASP Chairman Produced by Albert Goodman LLP Page 3

Somerset Activlty and Sports Partnership Trustee Directors, Report For Ihe Year Ended 31 March 2025 INTRODUCTION This is the report and audited financial statement for Somerset Activity and Sports Partnership for the year ending March 2025. The financial statements comply with current statutory requirements. the Memorandum and Articles of Association and the Statement of Recommended Practice Accounting and Reporting by Charities. STRUCTURE, GOVERNANCE AND MANAGEMENT SASP holds the Tier 3 Code of Sports Governance for Sports Bodies showing compliance against key areas of Structure, People, Communication and Policies and Processes. Governing Document Memorandum and Articles of Association Constitution Company Limited by Guarantee Trustee Selection Method Election - Trustees are appointed on skill sets and receive induction training on individual roles and responsibilities Organisational Structure The charity has an annual business plan which is ratified by the board. The SASP Chief Executive Officer takes responsibility for day-to-day management of the company. Risk Management A risk register is maintained and identified risks are monitored and reviewed through the Board. None of the Trustees has any personal pecuniary beneficial interest in the company. All of the Trustees are Directors of the company and guarantee to contribute £10 in the event of a winding up of the company. Somersel Activity & Sports Partnership encourages all Trustees and requires staff to undertake induction and continuing professional development to familiarise themselves with the political, funding and delivery environment in which the company operates,. to set out their respective roles and responsibilities; and to ensure accountability and compliance with statutory Charity and Company law. The Board of Trustees meets every quarter to discuss the strategic direction of the charity, ensure its core aims and objectives are being met in the most efficient way, and to take account of any risks to the charity and to make sure that all legal obligation5 are satisfied. The Board of Directors are supported strategically by Somerset Activity and Sports Partnership senior employees. Oulside the meetings. the day-to-day business of the Charity is delegated to the SASP Chief Executive and through them, other staff. OBJECTIVES AND ACTIVITIES The charitable objectives of SASP are: To promote physical activity and sport in Somerset to provide significant benefits for everyone by creating a healthier and more active community. Produced by Albert Goodman LLP Page 4

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 To provide opportunities and encouragement through the widest possible participation in physical activity and sport in Somerset in such a way that everyone can benefit both individually and collectively. To provide help towards the education and development of physical education and sport in both education establishments and the community as a whole. SASP Vision Achieving healthier and happier communities in Somerset through physical activily and sport. SASP Mlsslon We inspire and enable positive life choices through sport and physical activity, and we do this by: Providing accessible opportunities locally for all ages and abilities, prioritising those who are least active, Addressing inequalities and removing barriers to physical activity and sport. Supporting clubs, communities, schools, and the workforce to embrace physical activity. Bringing together organisalions and partners to create positive change to enable active lives for all. SASP Values are: Passionate: We are passionate about the power of physical activity and sport to build communities and a sense of belonging to improve the quality of people's lives in Somerset. Incluslve: We value differences, learn from experiences and welcome varying perspectives to deliver safe, meaningful and real opportunities in physical activity and sport for the people of Sornerset. Dedlcated: We are dedicated to connecting Somerset residents to opportunities to be active in ways that feel good to them, offering the best chance to sustain their involvement in and enjoyment of moving. Insplrlng: We lead from within, uplifting communities and individuals to integrate physical activity into their work as an essential part of everyday life. Connected: We believe that we do things best together. building togetherness and respect and encouraging mutual support within our work. Strategles for achieving Its stated alms and objectlves Somerset Moves, Somerset's system wide strategy has been a focus this year providing strategic direction lo our and others work. The strategic priorities of 1. Positive experiences for children and young people of all ages 2. Increasing community activity 3. Connecting with health and wellbeing 4. Developing more active environments 5. Supporting and motivating people to move 6. Developing leadership, the workforce, and partnerships Produced by Albert Goodman LLP Page 5

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 have allowed a collective effort across our organisation to improve the access, opportunity and environments for people who are least active to find their way into sustained activity to improve their physical and mental health and reduce Social isolation. The role of physical activity and sport to support people to improve the quality of their lives at all ages has been recognised and we have seen huge growth in the interest and interventions around physical activity for our more targeted populations. Alongside this we have provided significant onward investment to organisations in Som8rset to build better infrastructure, knowledge and skills to further our mission. Tackling inequalities has been the golden thread in 2023124. We have been tackling inequalities directly with our communities through our strategic programme management, from Healthy Happy Holidays to Heallh Walks and Fit for Work; by developing our workforce through our inclusion awareness and supporting those that face inequalities into the workforce,. and by developing strong leadership and building strategic partnerships to better advocate for addressing inequalities and removing barriers to physical activity across the system. 2024125 saw further progress in embedding the positive messages of sport, physical activity and movement within both the statutory and Voluntary, Charitable, Faith and Social Enterprise {VCFSE) sectors to ensure that physical activity is everyone's business. Our work has included.. Continuing to focus investment and intervention on our least active and most vulnerable adults, children and families such as those with long term health conditions or disabilities, those with lower affluence levels and those with mental health issues. Here are a few highlights from our year: POSITIVE EXPERIENCES FOR CHILDREN AND YOUNG PEOPLE Over the past year, our Children and Young People {CYP) programmes have delivered significant reach and measurable outcomes, with a strong focus on addressing inequalities in participation and opportunity. Holiday and out-of-school provision has been a major lever for tackling disadvantage. Through the Holiday Activily and Food {HAF} programme, we reached 7,718 unique chlldren, with 880/0 from Free School Meal households. The Get Active Together programme supported 240 dlsabled young people and family members to access shared activities, reducirsg isolation and creating positive family experiences. Our Jump Start programme, addressing adverse childhood experiences, has already engaged 309 new chlldren this year, demonstrating rapid growth in the success of this targeted early intervention programme. School engagemenl remains a key delivery strand. 470/0 of schools completed the Active Lives CYP Survey and 53fl/o met the School Games engagement criteria, Inclusivity targets have been exceeded, with 790/0 of School Games events meeting the inclusive criteria, ensuring that children with SEND and other barriers to participation are meaningfully included. Place-based work linked with targeted communities is building grassroots capacity - 24 clubs and organisations have been engaged to strengthen school-club links and holiday provision, particularly in high-need areas such as Burnham and Highbridge. While participation numbers are strong, persistent inequalities remain for rural and deprived communities, and the continued need for targeted interventions for children with SEND and those facing multiple barriers. Produced by Albert Goodman LLP Page 6

Somerset Actlvity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 The year ahead will focus on closing these gaps, embedding inclusive practice. and sustaining opportunities for those least likely to engage without support. INCREASING COMMUNITY ACTIVITY Our community activity programmes have reached thousands of residents this year, with strong outcomes for both general participation and targeted inclusion work. Targeted programmes have addressed inequalities in access to physical activity. The Fit for Work programme supported 65 adults with dlsabilities to build strength, confidence, and employability skills, with several participants progressing into employment or ongoing activity pathways. The In It Together community courses engaged 220 women, including those accessing postnatal yoga, menopause support, and wellbeing courses for women with endometriosis removing barriers for groups often excluded from mainstream provision. Alongside this our award winning Moving Mums programme in Sedgemoor, supporting pregnant women and new mothers, has seen over 300 women invest in their health and wellbeing post natally. The Weekly Adult Soci81 Sport offer including the In It Together Social Netball League has grown to just under 2,000 weekly participants, with new formats such as Indoor and Family Rounders and free and inclusive yoga in Ihe park helping diversify our reach and work at scale. The Beach Wellness centre in Minehead continued to thrive and grow members and class attendance with a focus on exercise referral for our older population. Overall, while headline participation is high, key inequalities persist and rural access continues to be challenge for some demographics, Addressing these gaps remains a priority for 2025126. CONNECTING WITH HEALTH AND WELLBEING Our work embedding physical activity within health and care pathways has grown substantially this year, reaching thousands of people with health conditions, mobility challenges, or recovery needs. and directly tackling health inequalities across Somerset. The ProActive Physical Activity on Referral service exceeded expectations, delivering 2,702 referrals and a 760/0 completion rate, well above Ihe national average of 40'/0. Expansion of accredited providers. including new access in Wells and Shepton Mallet, has extended reach into under-seNed communities. Enhanced Access sessions supported hundreds of particlpants, offering free tailored out-of-hours activity and education across six Primary Care Networks, breaking down time and cost barriers, focusing on those with long term conoditions. The Move 2 Independence programme continues to grow in numbers and reputation and supported over 350 referrals thls year, with 750/D of participants reporting confidence to continue being active. Our Community Appointment Days in partnership with Somerset Foundation Trust have been so successful in helping the community and clinical sectors come together for the good of those most in need to provide personalised care and local opportunity for individuals to help manage their physical and mental health. Health coaching in key PCN areas has been transformative. In Bridgwater Bay PCN area, nearly 900 residents accessed support, with a consistent presence at Victoria Park Wellbeing Hub. West Somerset Produced by Albert Goodman LLP Page 7

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 and Taunton Deane West also saw strong engagement. Demand continues to exceed capacity. with waiting lists in some areas. While the reach and completion rates are strong. challenges remain in ensuring consistent coverage across rural areas, sustaining provision in PCNS with funding changes, and ensuring smooth referral pathways across health and community partners. These will be key priorities in 2025126 to close the gap for those most in need. DEVELOPING MORE ACTIVE ENVIRONMENTS Our work this year has helped create safer, more accessible, and more inclusive spaces for physical activity, with a strong emphasis on opening local facilities to be active In, to the community, expanding walking opportunities, and supporting community-led change. The Somerset Health Walks programme delivered 2.415 walks. attracling just under 2,000 unique individuals walking regularly on the programme. This is a significant increase compared with last year, demonstrating increasing community appetite for low-cost, accessible activity. Work continues to strengthen volunteer leadership and expand successful models like the Taunton Beginner Walk, which has proven especially effective in engaging inactive residents. Through the Opening School Facilities programme, 24 schools received over £225,000 this year to open facilities out of hours, enabling 8,540 participants to access activity sessions that would otherwise not have been available. This investment has created opportunities in areas with limited provision. direclly addressing place-based inequalities. The School Streets project has now launched in Otterhampton, Bruton, and Wembdon St George's. with Ruishton Primary going live in May 2025. These initiatives reduce traffic danger, improve air quality, and promote walking and cycling for pupils. Our priority for 2025126 will be to ensure the legacy of Opening School Facilities funding, and further Ihe work in active travel across key areas in Somerset. SUPPORTING AND MOTIVATING PEOPLE TO MOVE This year's work to inspire and support more people to be active has centred on inclusive communication, targeted behaviour change, and personallsed volunteer support. The communications and inclusion teams developed Easy Read templates and internal inclusive comms guidelines to ensure messaging is accessible to people with learning disabilities and low literacy levels. This change better meets long-term organisational needs, embedding inclusion into all outward-facing materials. Campaign work has maintained visibility for national and local priorities. This Girl Can marked its 10-year anniversary and was prioritised through In It Together channels, while Get Outside in Somerset continued to grow organically. Overall, the year has delivered strong peer-to-peer support through embedded inclusive communication practices, but the challenge ahead lies in building a broader, more representative set of stories and messengers to reach those least likely to engage. Produced by Albert Goodman LLP Page 8

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 DEVELOPING LEADERSHIP, THE WORKFORCE AND PARTNERSHIPS This year saw strong progress in strengthening Somerset's activity workforce. improving safeguarding standards, and embedding inclusion as a core value, ensuring delivery reaches a broader and more diverse population. Internally we have made significant progress in strengthening SASP'S governance, internal systems. and evidence base creating a more accountable, data-driven, and inclusive organisation. Volunteer gr0￿h has been a major success. The Somersel Health Walk Leader programme trained 38 new leaders, supported by mentoring, scenario-based learning. and a new training video to ensure confident, inclusive delivery in rural and urban communities. The Skills for Sport programme exceeded expectations, engaging 135 young people aged 18-25 in training to deliver activity in schools and HAF holiday provision - providing both employment pathways and peer role models in under-served areas. Staff satisfaction remains v6ry high in the annual survey, indicating strong organisational culture and wellbeing. Partner relationships also scored exceptionally well, achieving a median score of 10110 from 97 responses a 59Q/o increase in engagement from last year. reflecting improved collaboration and trust across sectors. Operational systems have modernised with the launch of a new Smartsheet-based Staff Dashboard, streamlining expenses, timesheets. and compliance reminders. This is making processes more efficient and freeing up staff time for delivery in communities. These developments position SASP to more effectively identify and respond to inactivity inequalities ensuring that resources. programmes, and partnerships are increasingly targeted where they can mak6 the greatest difference. Our challenge ahead is to sustain momentum in inclusion training and volunteer development, particularly in rural and coastal areas where access remains uneven, and to ensure the next phase of workforce planning addresses Ihe needs of under-represented communities. Dlversity, Equality and Safeguarding SASP believes that safeguarding young people and vulnerable adults is fundamental to ensuring that people have good experiences in sport and physical activity. We use physical activity to increase self- esteem and resilience to ensure young people have a fun, safe and purposely experience of sport and active recreation. We are also committed to using our programmes to connect all participants together to create new friendships, social groups and mitigate against social isolation in Somerset. Our safeguarding policies and work in 2024125 for children was externally assessed and deemed excellent. Our adult policy will undergo external assessment in 25126 SASP has strengthened their commitment to safeguarding through the newly funded Sport Welfare Officer role which has supported 109 sports clubs, providing safeguarding training and resources to create safer environments for children, young people. and vulnerable adults. Alongside diversity training this programme is already improving the accessibility of club environments, particularly for young people and adults with additional needs. Equality. Diversity & Inclusion has been embedded through the first year of the Diversity & Inclusion Action Plan, with 213rds of actions completed. This has improved data collection on protected characteristics, strengthened inclusive practice across programmes. and shaped organisational policy. Produced by Albert Goodman LLP Page 9

Somerset Actlvlty and Sports Partnershlp Trustee Directors, Report For the Year Ended 31 March 2025 FINANCIAL REVIEW 2024125 During the year SASP had an income of £3,333k (2024 £2,748k) and expenditure of £3,024k (2024 £2,405k) excluding investment, revaluation, and pension costs. Once the investment revaluation after inclusion of the gain on investments of £11,489 is considered, SASP had a net trading position of a surplus of £321k (2024 - £382k). POLICY ON RESERVES The Charity's policy is to maintain a level of reserves to ensure we can continue to provide our services for 6 months regardless of income levels. This equates lo approximately £1,512k compared to the charity's free reserves as of 31 $1 March 2025 of £2,530k including the pension scheme. It is considered that any excess reserves will be held to ensure the financial stability of the Charity in the future. including any potential liability that would arise from the exit of the pension scheme. ARRANGEMENTS FOR SETTING THE PAY AND REMUNERATION OF THE CHARITY'S KEY MANAGEMENT PERSONNEL SASP has a remuneration policy based on the following principles: 1. Pay will be competitive so that the charitable objectives can be delivered. 2. Bonuses linked to individual performance are not awarded. The charity expects everyone to perform to a high standard. 3. SASP'S remuneration policy seeks to be fair at both higher and lower ends of the pay scale. 4. Peoples, working arrangements can be flexible to aid productivity 5. SASP encourages a work-life balance and encourages regular breaks 6. SASP has strong governance structures in place to ensure remuneration is managed in line with best practice. 7. SASP is Iransparent in remuneration reporting 8. Trustees receive reasonable expenses only The SASP Board review remuneration policy, the remuneration ratio and provide scrutiny to remuneration decisions e.g. annual pay award and remuneration of highly paid staff on an annual basis. Produced by Albert Goodman LLP Page 10

Somerset Actlvlty and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 Principal funding sources Sport England, Somerset specific partners, grant aiding bodies and income generation. PLANS FOR FUTURE PERIODS SASP is committed to sustaining and growing investment into physical activity to support those that find it most difficult to become active and maintain activity levels or for those who wish to achieve mental. social or community development outcomes. This will always mean new partners, new programmes. and new ways of working to ensure that we are able to work at scale. During 2025126 our new work will be focusing on increasing our commitment to place related work, increasing our focus around inequality and diversity, active travel and adult and children from less affluent backgrounds. Produced by Albert Goodman LLP Page 11

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 Statement of Trustees, Responsibilities The Trustees {who are also directors of Somerset Activity and Sports Partnership for the purposes of company law) are responsible for preparing the Trustee Directors. Report and the financial statements in accordance with 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). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP., Make judgements and accounting estimates that are reasonable and prudent. State whether applicable UK Accounting Standard have been followed, subject to any material departures disclosed and explained in the financial statements, and Prepare the financial statements on the going concern basis unless It is inappropriat6 to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure thal the financial staternents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware.. There is no relevant audit information of which the charitable company's auditors are unaware; and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Produced by Albert Goodman LLP Page 12

Somerset Activity and Sports Partnership Trustee Directors, Report For the Year Ended 31 March 2025 Small Company Provisions This report has been prepared in accordance with the special provision of part 16 of the Companies Act relating to small companies and constitute the annual accounts as required by the Companies Act 2006. Approved by order of the Trustees on 28￿0￿.. 25 and signed on their behalf by: Gcox Trustee Dsca Truste alt Produced by Albert Goodman LLP Page 13

Somerset Actlvlty and Sports Partnership Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2025 Opinion We have audited the financial statements of Somerset Activity and Sports Partnership (the 'charilable company,) for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng 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 entity's ability to continue as a going concem for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Trustees. Report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Produced by Albert Goodman LLP Page 14

Somerset Activity and Sports Partnership Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2025 Opinion on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report, which includes the Directors, Report prepared for the purposes of company law for the financial year for which the financial statements are prepared is consistent with the financial statemenls., and the Directors, Report included within the Trustees, Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo report to you if, in our opinion: adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches nol visited by us., or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneralion specified by law are not made., or we have not received all the information and explanations we require for our audit.. or the trustees were not entitled to prepare the financial statements in accordance with the small companies. regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities set out on page 12-13, 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 Ihe going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsiblllties for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatemenls 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 Ihese financial statements. 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.uklauditorsresponsibilities. This description forms part of our auditor's report. 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.. Produced by Albert Goodman LLP Page 15

Somerset Actlvlty and Sports Partnership Independent Auditors, Report to the Trustees and Members For the Year Ended 31 March 2025 The extent to which the audlt was considered capable of detecting irregularities includlng fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. we identified the laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience of the charity sector; we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, Charity Act 2011, anti-bribery, employment, working with children and vulnerable children and adults. data protection and health and safety legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,, and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships. tested journal entries to identify unusual transactions: assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance,, enquiring of management as to actual and potential litigation, claims and breaches of relevant legislation., and reviewing correspondence with the Charity Commission and other relevant regulators including the company s legal advisors and insurers. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- complian￿. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any, Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Produced by Albert Goodman LLP Page 16

Somerset Activlty and Sports Partnership Independent Auditors, Report to the Truslees and Members For the Year Ended 31 March 2025 Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company s members as a body and the charitable company's truslees as a body, for our audit work, for this report, or for the opinions we have formed. Michelle Ferris Bsc (Honsj FCA DChA Senior Statutory Auditor for and on behalf of Albert Goodman LLP Chartered Accountants Statutory Auditor Goodwood House Blackbrook Park Avenue Taunton Somerset TA12PX Date.. 0 5/11 l.x).&.g Produced by Albert Goodman LLP Page 17

Somerset Actlvlty and Sports Partnership Statement of Financial Activities (including an Income and Expenditure account) For the Year Ended 31 March 2025 Unres- tricted Res- tricted Unres- tricted Res- tricted Total 2025 Total 2024 Notes Income from: Donations and legacies Charilable activities Investment income 2 1,445,190 3 1,482,610 13,289 229,174 1,674,364 766,108 162,405 1,645,015 1,460,766 13,289 26,820 383,839 1,149,947 110,900 1,571,666 26,820 Total income 2,941,089 391,579 3,332,668 2,253,694 494,739 2,748,433 Expenditure on: Charitable activilies 5 2,548,249 475,402 3,023,651 2,015,612 389,292 2,404.904 Total expenditure 2,548,249 475,402 3,023,651 2,015,612 389,292 2,404,904 Revaluation of investment 11,489 11,489 38,578 38,578 Net Incomel(expendlture) 404,329 {83,823) 320,506 276,660 105,447 382,107 Transfer between funds 13 118,351 (118,3511 Other recognised galnsl(losses} Actuarial (losses)Igains on defined benefit pension schemes 34,497 (34,497) (11,000) (11,000) 15,000 15,000 Net movement In funds for the year Reconciliation of funds Total funds brought forward 511,680 {202,174) 309,506 326,157 70,950 397,107 2,018,419 360,890 2,379,309 1,692,262 289,940 1,982,202 Total funds carried forward 2,530,099 158,716 2,688,815 2,018,419 360,890 2,379,309 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities Produced by Albert Goodman LLP Page 18

Somerset Activity and Sports Partnership- Company Reglstrallon Number: 05798066 Balance Sheet As at 31 March 2025 2025 2024 Notes Fixed assets Tangible fixed assets Investments 4,169 688,044 10 690,439 690,439 692,213 Noncurrent assets Debtors 11 71,469 66,000 Current assets Debtors Cash at bank and in hand 154,249 2,709,095 203,780 2,578,818 2,934,813 2,848,598 Llabllltles: Creditors.. amounts falling due within 12 one year (936,4371 (1,161,502) Net current assels 1,926,907 1,621,096 Net assets excludlng penslon Ilablllties 2,688,815 2,379,309 Defined benefit pension scheme 15 Total net assets including pension Ilabllities 2,688,815 2,379,309 The funds of the charity: Unrestricted funds: General funds 2,530,099 2,018,419 Unreslricted funds excluding pension reserve 2,530,099 2,018,419 Pension reserve Total unrestricted funds 13 2,530,099 2,018,419 Restricted funds 13 158,716 360,890 Total charity funds 2,688,815 2,379,309 Produced by Albert Goodman LLP Page 19

Somerset Activity and Sports Partnership-company Reglstration Number: 05798066 Balance Sheet (continued) As at 31 March 2025 The financial statemenls have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The notes on pages 22 - 43 form part of these accounts. Approved by the Board for issue on ?trtD.ct.. 15 and signed on their behalf by: Gcox Trustee ,'14 I_dk tt Tru tee Produced by Albert Goodman LLP Page 20

Somerset Activlty and Sports Partnership Statement of Cash Flows and Consolidated Statement of Cash Flows For the Year Ended 31 March 2025 2025 2024 Notes Cash flows from operating activities Net income for the year Adjustmenls to cash flows from non-cash items: Depreciation and amortisation Loss on disposal of fixed assels Lossesl{gains) on investments Movement in other investm8nt held Defined benefit pension scheme cost less contributions payable Defined benefit pension scheme revaluation 309,506 397,107 3,682 487 (2,395) 5,359 10 (38,578) (125) 15 (11,000) 15,000 15 11,000 (15,000) 311,280 363,763 Working capital adjustments (Increase)Idecrease in debtors Increasel(decrease) in creditors 44,062 (225,065) 72,596 651,770 12 Net cash flow from operations Cash flows from invèsting activities Purchase of tangible fixed assets 130,277 1,088,129 {619) {619) Net increase in cash and cash equivalents 130,277 1,087,510 Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 2,578,818 1,491,308 2,709,095 2,578,818 Cash & Cash equivalents reconcilialion.. Cash at bank 2,709,095 2,578,818 Total cash & cash equivalents at the end of the reporting period 2,709,095 2,578,818 Produced by Albert Goodman LLP Page 21

Somerset Activlty and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. 1.1 Basis of accounting The financial statements have been prepared in accordance with 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 1021 (effective 1 January 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Somerset Activity and Sports Partnership 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 note(s) and all amounts are presented in £ sterling. The accounts are prepared for the company alone, The company has a dormant subsidiary, and consolidated accounts are not presented as the charity has taken advantage of the exemption provided by S405(2) of the Companies Act 2006 on the grounds of imrnaleriality. 1.2 Legal status of the charity The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The company is incorporated in England and Wales and the company registered office is detailed on page 1, reference and administration details. 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 Irustees 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 Ihat the charity has adequate resources to continue in operational exislence 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 when preparing the financial statements. Produced by Albert Goodman LLP Page 22

Somerset Activity and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 1.4 Income Income from donations and legacies is recognised in the year in which they are receivable when there is evidence of entitlement, receipt is probable, and the amount can be reliably measured. Where income has not been received for gift aid claims relating to donations received in the year. income is accrued. Income from government grants, is recognised when the charity has entitlement lo the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Where funds are received in advance for a specified purpose, or there are condilions to be met that are not in the control of the charity and these are not purely administrative. the funds are deferred and recognised in the period to which they relate. Where no conditions are attached to the grant income they are recognised within donations and legacies and where conditions relating to performance of services are attached, grant income is recognised in income from charitable activities wilhin the Statement of Financial Activities. Income from charitable activities includes grants provided for charitable activities, fees provided for courses and rent provided to other sporting organisations. Course fees are recognised at the point the amount becomes non-refundable, which is either the date of booking or date of the course, depending on the individual item. Rent is recognised when due. Income from other trading activities. including course income, is included in the period in which the charily is entitled lo receipt, it is probable that economic benefits will flow to the entity and the amount can be reliably measured. 1.5 Interest recelvablel Investment income 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 Bank. Investment income is recognised at the point it is unconditionally due to the charity. 1.6 Reallsed gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Realised and unrealised gains are not separated in the Statement of Financial Activities. 1.7 Expendlture Resources expended are recognised on the accruals basis to match the period in which the expenditure was incurred. Charitable aclivity expenditure comprises costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Grants payable are at the discretion of the Trustees. Governance costs are those costs associated with the governance arrangements of the charity and relate to general running of the charity as opposed to those costs associated with charitable activities. Produced by Albert Goodman LLP Page 23

Somerset Activity and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 1.8 Operating leases The trust classifies the lease of properties as operating leases as title remains with the lessor. Rental charges are charged on a straight line basis over the term of the lease. 1.9 Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of Trust. Restricted funds are from donations and grants in which the donor or funder has specified are to be solely used for particular areas of the Trust's work or for specific projects being undertaken by the Trust. 1.10 Tanglble fixed assets and depreclatlon Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows: Office equipment Plant and machinery 3 years straight line 150/0 reducing balance 1.11 Fixed asset Investments Investments are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs). Subsequently, inveslments are held at market value, with all realised and unrealised gains and losses passing through the SOFA. 1.12 Debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of Irade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due to according lo the original terms of the receivables. Other debtors comprise amounts due from funders, prepayments and accrued income. Amounts due from funders are recognised when the charity is entitled to the money, prepayments arise from the payments for services prior to benefit from those seNices, and accrued income is amounts due for services provided, recognised at the point of provision of the services. Where amounts are due but unable to be received in the next 12 rnonths, they are accounted for as non-current. In the current year this is in relalion to a bond provided against the pension liability. 1.13 Cash at bank and In hand Cash at bank and cash 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. Produced by Albert Goodman LLP Page 24

Somerset Actlvlty and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 1.14 Creditors Creditors are recognised where the charity has a present obligation resulting from a past event Ihat will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 1.15 Deflned contrlbutlon penslon A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as staff pension expense through the profit and loss when they are due. 1.16 Deflned benefit pension obllgation Certain employees of the charity are members of the Local Government Pension Schemes (LGPS) managed by Somerset County Council. These are funded defined benefit schemes where the assets are held separately from those of the charity in separate Trustee administered funds. Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement. usually dependent on one of more factors such as age, years of service and compensation. The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of the plan assets. The defined benefit obligation is measured using the projected unit credit melhod. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields al the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability. Actuarial gains and losses are recognised immediately in other gains and losses. The net liability in the schemes at the date of the transfer of the employees from the respective councils is shown as a separate item in the Stalement of Financial Activities. 1.17 Critlcal accountlng estlmates and areas of Judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future evenls that are believed to be reasonable under the circumstances. The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Produced by Albert Goodman LLP Page 25

Somerset Activlty and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 1.17 Critical accounting estimates and areas of judgement (cont.) The present value of the Local Government Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost (income) for pensions include discount rate. Any changes in these assumptions, which are disclosed in note 15, will impact the carrying amount of the pension liability. The present value of the Local Government Pension Scheme as calculated by the actuary is an asset of £483,000. The asset has been limited to a £0 as the trustees believe that the criteria for recognition of an asset have nol been met. 1.18 Taxatlon As a registered charity, the company is not liable to corporation tax or capital gains tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax {VAT) is partially recoverable by the company. Any irrecoverable VAT is added to the relevant cost and charged as an expense in the Statement of Financial Activities. 1.19 Financlal Instruments The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows: Financial assets trade, other debtors and the pension bond are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 18. Investment portfolios are basic financial instruments measured at fair value through the Income and expenditure account. Prepayments are not financial instruments. Cash at bank and deposit accounts- Is classified as a basic financial instrument and is measured at face value. Financial liabilities trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 18. Taxation and social security and the LGPS are not included in the financial instruments disclosure definition. Deferred incorne is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Produced by Albert Goodman LLP Page 26

Somerset Activity and Sports Partnership Notes to the Financial Stalemenls For the Year Ended 31 March 2025 Donations and legacles Unres- trlcted funds Res- tricted funds Unres- tricted funds Res- tricted funds 2025 Total 2024 Total Other grant funding Swim award sales 1,444,997 193 229,174 1,674,171 193 766,017 91 383,839 1,149,856 91 1,445,190 229,174 1,674,364 766,108 383,839 1,149,947 Income from charitable actlvltles Unres- trlcted funds Res- tricted funds Unres- trlcted funds Res- tricted funds 2025 Total 2024 Total Fees for services and grants Sports and other activities Rent Sports England Gym membership and classes 855,467 2,888 526,400 855,467 2,888 688,805 831,800 13,219 547,363 831,800 13,219 658,263 162,405 110,900 97,855 97,855 68,384 68,384 1,482,610 162,405 1,645,015 1,460,766 110,900 1,571,666 Investment Income Unres. trlcted funds Res. tricted funds Unres- trlcted funds Res- tricted funds 2025 Total 2024 Total Interest 13,289 13,289 26,820 26,820 13,289 13,289 26,820 26,820 Produced by Alberl Goodman LLP Page 27

Somerset Activity and Sports Partnership Noles to the Financial Slatements For the Year Ended 31 March 2025 Expenditure Unres- tricted funds Res- trlcted funds Unres- tricted funds Res- tricted funds 2025 Total 2024 Total Charitable activitles Wages and salaries Other staff costs Office costs Administration costs Direct project cosls Legal and professional Finance costs Depreciation Pension service costs 1,495,945 25,589 90,615 255,094 655,096 22,952 10,276 3,682 (11,0001 406,802 4,402 1,035 25,258 37,183 690 32 1,902.747 1,408,219 29,991 26,738 91,650 82,663 280,352 164,372 692,279 288,258 23,642 17,135 10,308 7,868 3,682 5,359 {11,000) 15,000 232,229 1,640,448 2,491 29,229 4.063 86,726 66,252 230,624 84,081 372,339 17,135 8,044 5,359 15,000 176 2,548,249 475,402 3,023,651 2,015,612 389,292 2,404,904 Actlve Chlld- Actlve Actlve Active ren & Young Envlron- Active Active Commu- Communltles People ment Health Workforce nicatlons Central costs 2025 Total Expenditure by actlvlty (2025): Wages and salaries 352,407 Other slaff costs 2,038 Office costs 8,730 Administration costs 46,393 Direct project costs 114.474 Legal and professional Finance cosis Depreciation Pension service costs 301,880 2,048 24,630 37.507 312,411 21,107 703,084 69 15,995 21,421 1,517 33,268 11,531 206,243 13,243 426 1,009 1,055 40 511,026 1,902,747 9,415 29,991 35,860 91,650 160,612 280,352 47,580 692,279 23,642 23,642 10,308 10,308 3,682 3,682 {11,000) (11,000> 524,042 678,476 34,224 980,011 15,773 791,125 3,023,651 Produced by Albert Goodman LLP Page 28

Somerset Actlvlty and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 Expendlture (cont.) Active Child- Active Active ren & Young Envlron- Active Active Commu- People ment Health Workforce nicatlons Active Communities Central costs 2024 Total Expendlture by activity (2024): Wages and salaries 296,350 Other staff cosls 4,754 Office costs 6,539 Administration costs 39,150 Direct project costs 70,129 Legal and professional Finance costs Depreciation Pension seNice costs 272,255 2,648 5,359 40,893 131,427 16,198 571,985 227 17,173 13,966 1.127 30,169 1.620 146,289 30,232 1,396 176 1,205 713 453,428 1,640,448 3,031 29,229 13) 60,689 86,726 2,205 115,875 230,624 652 21,509 372,339 17,135 17,135 8,044 8,044 5,359 5,359 15,000 15,000 416,922 452,582 19,172 779,582 33,722 2,854 700,070 2,404,904 6 Income and expenditure by public investor - 2025 Sport Local Other Public Non-public England Authority Sector Income Total 2025 Revenue grants Membership income Other income 688,805 1,389,056 285,115 2,362,976 97,855 871,857 97,855 438,603 433,254 Total Income 688,805 1,389,056 718,369 536,458 3,332,688 Active Communities Aclive Children & Young People Active Health Active Workforce Aclive Environments Communications Core costs 26,589 179,947 277,410 115,494 137,313 8,179 15,612 165,445 221,716 703,796 54,598 161,319 138,902 524,042 678,476 980,011 15,773 34,224 7,594 18,612 764,195 26,930 791,125 Total expenditure 978,325 554,008 1,109,569 381,749 3,023,651 Net income {289,520) 835,048 (391,200) 154,709 309,037 Produced by Albert Goodman LLP Page 29

Somerset Actlvlty and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 Income and expenditure by public investor - 2024 Sport Local Other Public Non.publlc England Authority Sector income Total 2024 Revenue grants Membership income Other income 658,263 703,512 180,384 263,242 1,805,401 56,374 56,374 311,731 886,658 574,927 Total income 658,263 703,512 755,311 631,347 2,748,433 Active Communities Active Children & Young People Active Adults Active Workforce Active Environments Communications Core costs 17,365 166,755 232,082 104,340 170,075 23,972 1,200 118,600 48,875 181,487 189,639 1,627 416,922 452.582 779,582 33,722 19,172 2,854 700,070 419,868 8,123 17,972 2,854 88,144 611,926 Total expenditure 804,169 531,669 556,440 512,626 2,404,904 Net Income {145,906) 171,843 198,871 118,721 343,529 Amounts received from government grants are as listed above. There are no unfulfilled conditions or other conlingencies attached to grants that have been recognised in income and the charity has not benefitted directly from other forms of government assistance. Net incomel (expendlture) for the year This is stat8d after charging Total 2025 Total 2024 Depreciation of owned assets Operating lease expenses Auditors, remuneration for.. Audit services other services 3,682 94,813 5,359 3,477 10,950 834 6,300 2,450 Produced by Alberl Goodman LLP Page 30

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 Employees Number of employees The average monthly head count (FTE) was during the year was as follows.. 2025 2024 Office staff Projects staff 91 82 95 88 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 1,690,320 143,574 68,853 1,470,691 120,680 49,077 1,902,747 1,640,448 The number of employees whose annual emoluments were £60,000 or more were: 2025 number 2024 number £80,001- £90,000 The employee is member of the defined benefit pension scheme, into which contributions of £11,111 (2024.. £2,818) were made. None of the Trustee Directors (or any persons connected with them) received any remuneration during the current or prior year. No Trustees Director were reimbursed travelling expenses (2024.. £nil). Key management personnel comprise of the Chief Executive Officer, the Deputy Chief Executive Officer, the Business Support Manager and the Chief Finance Officer. The total employee benefits (includes gross pay, employer pension and employer national insurance) of the key management personnel of the charity were £234,509 (2024: £182,604). Produced by Albert Goodman LLP Page 31

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 Employees (cont. Pension costs The company operates both defined benefit and defined contribution pension schemes. The charge to the Statement of Financial Activities for the year is shown above. Contributions totalling £11,350 (2024 £8,471) were payable to the schemes at the end of the year and are included in creditors. Further details of the defined benefit scheme are given in note 15. 9 Tangible flxed assèts Offlce Plant equipment & Machinery Total Cost At 1 April 2024 Additions Disposals 63,594 619 64,213 {619) (619) At 31 March 2025 63,594 63,594 Depreciation At 1 April 2024 Charge for the year Eliminated on disposals 59,998 3,596 46 86 (132) 60,044 3,682 (132) At 31 March 2025 63,594 63,594 Net book value At 31 March 2025 At 31 March 2024 3,596 573 4,169 Produced by Albert Goodfnan LLP Page 32

Somerset Actlvlty and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 10 Investments Total 2025 Total 2024 Shares in subsidiary undertaking Listed shares Cash held by investment manager 689,936 500 687,541 500 690,439 688,044 Llsted Shares 2025 2024 Market Value At 1 April 2024 Additions Disposals Net gain l (loss} on revaluation 687,541 648,963 2,395 38,578 Market value as at 31 March 2025 689,936 687,541 2025 2024 Historical cost At 1 April 2024 Additions Other adjustments 615,304 615,304 At 31 March 2025 615,304 615,304 Shares In subsldlary undertaklng SASP Social Enterprises Limited (company no 08869128) was incorporated on 30 January 2014. It is a wholly owned trading subsidiary of Somerset Activity and Sports Partnership. The parent charity holds 100'/0 of the issued share capital and 1000/0 of the voting rights of the subsidiary trading company. The company became dormant on 31 July 2017 and transferred its trade and assets to the parent, Somerset Activity and Sports Partnership. The profit for the year was £nil (2024: £nil) and the balance sheet total was £3 (2024.. £3). Produced by Albert Goodman LLP Page 33

Somerset Actlvlty and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 11 Debtors 2025 2024 Amounts falling due in less than one year Trade debtors Other deblors Prepayments and accrued income 41,371 57,470 55,408 105,969 41,971 55,840 154,249 203,780 Amounts falllng due In more than one year Pension bond 71,469 66,000 71,469 66,000 12 Creditors: Amounts falllng due wlthln one year 2025 2024 Trade creditors Other creditors and deferred income Accruals Taxation and social security Amounts owed to group undertakings Amounts held on behalf of external funders 48,079 355,693 54,661 38,873 63,614 386,800 2,770 34,274 439,128 674,041 936,437 1,161.502 Deferred income 2025 2024 Deferred income at 1 April 2024 Released from previous years Resources deferred in the year 378,332 (378,332) 343,377 81,958 (81,958} 378,332 Deferred income at 31 March 2025 343,377 378,332 Income is deferred where funding has been received for a specific time frame which is not yet met, or subject to conditions that are not in the charity's control. This is comprised of amounts from local government and NHS ICB funding. Produced by Albert Goodman LLP Page 34

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 13 Summary of movement in funds- 2025 Opening balance Transfersl Income Expenditure revaluation Closing balance Unrestricted funds General Pension fund 2,018,419 2,941,089 {2,548,249) 111,000) 118,840 2,530,099 11,000 2,018,419 2,941,089 {2,559,249) 129,840 2,530,099 Restrlcted funds Sport England Somerset Community Leaving Care SCC Jump Start SCC Active Workforce SCC Mental Health Grant SCC Collaborative County Rethink Mental Health Rethink Mental Health - Adults Rethink Suicide Prevention SCC Revive Burnham Sports Welfare Officer Area Champions SCC - In it Together SCC . Duke of Edinburgh Activity Finder 49,270 107,836 9.870 32,083 (107,693) 682 50,095 9,870 71,226 10,465 10,000 25,000 4,165 115,558 (103.3091 10,465 10,000 25,000 2,136 (3,4751 (5,909} 5,340 16,489 13,215 24,396 63,959 165,988) (119,033) 50,000 155,909) (514) (57,155) (27,451) (25,013) 15,781) {26,5891 5,854 19,074 10,666 36,929 54,570 30,000 12,480 5,781 25,000 2,683 1,094 360,890 391,579 (475,4021 (118,351) 158,716 2,379,309 3,332,668 (3,034,651) 11,489 2,688,815 Produced by Albert Goodman LLP Page 35

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 Summary of movement in funds - 2024 Opening balance Transfersl Income Expenditure revaluation Closing balance Unrestricted funds General Pension fund 1.692,262 2,253,694 (2,000,612) {15,000) 73,075 2,018,419 15,000 1,692,262 2,253,694 (2,015,612) 88,075 2,018,419 Restrlcted funds Sport England Children Young People CIN SCC Move More Project SCC Jump Start SCC Active Workforce SCC Mental Health Grant SCC Collaborative County Rethink Mental Health Rethink Mental Health Adults SCC Revive Bumham SW Health Science Network Sports Welfare Officer Tone Sport England Area Champions Volunteers Pluss - Revive CRF - Chard SCC - In it Together SCC - Get Outside SCC - Beat the Street Activity Finder 35,722 35,247 13,295 1,914 19,629 10,465 10,000 25,000 5,062 46,780 6,180 5,000 54,300 {40,752) (750) {22,434) {1,914) (27,756) 49,270 (34,497) 9,139 79,353 71,226 10,465 10,000 25,000 4,165 115,558 5,854 55,911 156,387 (56,808) (87,609) {326) (5,000) (8,226) (23,800) (19,334} (740) 27,300 23,800 30,000 19,074 10,666 740 3,390 9,162 46,919 5,372 515 9,548 (3,390) (9,162) (41,429) (5,372) (515) (37,365) 31,439 36,929 30,500 2,683 289,940 494,739 (389,292) (34,497) 360,890 1,982,202 2,748,433 (2,404,904) 53,578 2,379,309 Produced by Albert Goodman LLP Page 36

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 13 Summary of movement in funds (cont.) Sport England is funding received from Sport England for the strategic and operational work around ensuring the physical activity agenda is embedded into the Somerset system for the benefit of young people and adults. The funds will be spent embedding physical activity and sport into schools. clubs, communities and workplaces for the physical, mental, social and community benefits that it can bring with a particularly focus on those who are not active enough for their health. Children Young People to support the strategic role of physical activity within Somerset across multiple agendas including education, targeted inactive and less active groups such as teenagers and disabled children and young people as well as social outcomes around reducing anti-social behaviour and the effects of trauma. Children in Need - Diversionary Activities is funding from Children in Need. Funds are for a weekly sport and activity club in Bridgwater and Taunton to engage young people aged 10 - 14 years targeted by schools and l or the police who are at risk of exclusion or have more chaotic lives in regular activity. The clubs will have a focus on positive outcomes for young people and work with them to achieve this. SCC - Move More Project is funding from Somerset County Council for the creation and delivery of a training resource designed to help people understand the benefits of being more physically active and how to help with behaviour change with others to encourage them to also think about being more active. SCC Jump start - sports mentors for vulnerable children to support positive sport and activities and relationships outside of family and home. The oulcomes are around engagement of those children who find staying in school difficult, are at risk of exploitation and often have multiple Adverse Childhood Experiences. SCC Active Workforce lo engage workplaces across Somerset to support them to change their culture to being positive about activity through the provision of campaign material, equipment, training and further opportunities for staff. SCC Mental Health - providing inteNention using sport clubs to help support men's mental health. SCC Collaborative County - supporting collaborative projects across Somersel that help organisations work together to achieve physical activity and healthy lifestyle interventions. Rethink Mental Health to provide supporl for community infrastructure related to physical activity and support to support adult mental health. Rethink Mental Health Adults to provide specific support using physical activity for positive men's mental health. SCC Revive Burnham supporting a sports mentor for the Burnham area to support those with drug and alcohol misuse issues or complex mental health issues through positive engagement in physical activity. SW Health Science Network - supporting a sports mentor for the Taunlon area to support those with drug and alcohol misuse issues or complex mental health issues through positive engagement in physical activity. Sports Welfare Officer - provision of a Somersel wide welfare officer to support all sports clubs in the county to strengthen their safeguarding practice. Tone Sport England to provide projects, programmes and support to schools within Taunton and West Somerset designed to engage children who are least active. Area Champions to support the connection of services within the Bridgwater area to provide smoother and better service for vulnerable children and young people. Pluss Revive to provide staffing to support those with drug and alcohol misuse issues andlor complex mental health through positive engagement in physical activity. CRF - Chard - to work with those furthest from the labour market with ill health to use physical activity to get them Fit for Work. SCC- In It Together- a women's project for increasing activities for women. SCC - Get Outside to provide and activate a campaign post Covid to encourage people in Somerset to access the outdoors for the physical and mental health. Produced by Albert Goodman LLP Page 37

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 13 Summary of movement in funds {cont.) SCC - Beat The Street- Active travel behaviour game for residents in Taunton. Activity Finder - funding received from Somerset Clinical Commissioning Group (CCG) towards an up to date activity finder to social subscribers across the county. Somerset Community Foundation Leaving Care Through our Jump Start programme we are supporting young people leaving care in Somerset, using sport and physical activity to help them build onfidence, skills and supportive networks as they move into independence. Rethink - Suicide Prevention - We are working with Rethink to use sporl and physical activily as a way to create safe, non-judgemental spaces where people at risk of suicide can find support, hope and connection. SCC - Duke of Edinburgh Through Jump Start we are enabling more young people across Somerset to access and achieve their Duke of Edinburgh Award, using sport and physical activity to grow resilience, skills and aspirations for the future. 14 Analysis of assets between funds Non- current assets Net Creditors current more than assets one year 2025 Total Fixed assets Unrestricted funds 690,439 71,469 1,768,191 2,530,099 Restricted funds 158,716 158,716 As at 31 March 2025 690,439 71,469 1,926,907 2,688,81 S Non- current assets Net Creditors current more than assets one year 2024 Total Fixed assets Unrestricted funds 692,213 66,000 1,260,206 360,890 2,018,419 Restricted funds 360,890 As at 31 March 2024 692,213 66,000 1,621,096 2,379,309 15 Penslon commltments The majority of the charity s employees are part of a defined contribution pension scheme. Contributions for this scheme are recognised as a cost when made in accordance with note 1.15 and there are therefore no liabilities other than contributions that remain outstanding at the year-end as disclosed in note 8. A small number of the charity's employees belong to the Local Government Pension Scheme (LGPS) managed by Somerset County Council {"SCC"}. Produced by Albert Goodman LLP Page 38

Somerset Actlvity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 15 Pension commitments (cont.) The pension costs are assessed in accordance with the advice of independent qualified actuaries. The latest full actuarial valuation was performed at 31 March 2025 and has been used by the actuary in valuing the pension liability at 31 March 2025. At the year-end there were no outstanding contributions due to the scheme. The scheme is a funded defined benefit pension scheme, wilh assets held in separate Trustee-administrated funds. The total contributions made for the year ended 31 March 2025 were £23.000, of which employer's contributions tolalled £14,000 and employees, contributions totalled £9,000. The current employer contribution rate for future years is 13.50/0. Summary of net pension liability as at 31 March 2025: 2025 £'ooo 2024 £'ooo Present value of defined benefit obligations Fair value of share of scheme assels Restricl pension gain (1,221) (1,374) 1,704 1,665 (483) (291) Deficit in the scheme Net pension liability Principal actuarial assumptions The current mortality assumptions include sufficient allowance for the future improvements in mortality rates. 2025 2024 Salary increases Pension increases Discount rate CPI increases RPI increases 2.90% 2.900/0 3.15/0 The assumed life expectations on retirement age 65 are: 2025 2024 Retiring today Males Females 21.1 23.0 21.1 23.0 Retiring in 20 years Males Females 22.4 24.4 22,4 24.4 Produced by Albert Goodman LLP Page 39

Somerset Activlty and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 15 Pension commltments (cont.) The Trust's share of the assets and liabilities in the Somerset County Council Pension Fund are as follows: 2025 Fair value £'ooo 2024 % of total scheme assets Fair value £'ooo /0 of total scheme assets Equities Gilts Other bonds Property Cash 1,265 65 211 114 49 1,230 71 200 116 48 4% 12% 7% 4% 8% Total market value of assets Present value of scheme liabilities - funded Restrict pension gain 1,704 100% 1,665 100% (1,221) (483) (1,374) {291) Deficit in the scheme The total return on fund assets was 2.610/0 (2024 (13.020/0)). Amounts recognised In the statement of financlal actlvltles are as follows: 2025 £'ooo 2024 £'ooo Current service cost (net of employee contributions) Net interest cost Administration expenses (16) 14 {1) (17) (1) Total (3) (18) Produced by Albert Goodman LLP Page 40

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 15 Pension commitments (cont.) Movements In the present value of defined benefit obligations were as follows: 2025 £'ooo 2024 £'ooo At 1 April 2024 Current service cost Interest cost Estimated benefits paid Employee contributions Actuarial gainsl(losses) Experience gain on defined benefit obligation (1,374) (16) {68) 26 (9) 218 (1,376) (17) (66) 25 (9) 72 (3> At 31 March 2025 (1,221) (1,374) Movements In the falr value of the charlty's share of scheme assets were as follows: 2025 £'ooo 2024 £'ooo At 1 Aprll 2024 Interest income Expected return on Fund assets Employer contributions Employee contributions Estimated benefits paid Actuarial gainslllosses) Administrative expenses 1,665 82 (39) 14 1,486 71 121 (26) (25) {1) (1) At 31 March 2025 1.704 1,665 Produced by Albert Goodman LLP Page 41

Somerset Activity and Sports Partnershlp Notes to the Financial Statements For the Year Ended 31 March 2025 16 Obligations under leases Operating leases- The total future minimum rentals payable under non-cancellable operating leases funded by unrestricted funds are as follows: 2025 2024 Other: Operating lease which expire: Within one year Within two and five years 46,986 47,827 1.835 1,642 94,813 3,477 17 Related party transactions There were 2 related party transactions during the year (2024: none). Income of £1,883 was received for the provision of swimming lessons to North Petherton School, of which trustee Tracy Evans is a Governor. Expenditure of £889, was paid to North Petherton Rugby Foolball Club, in relation to venue hire. Trustee Tracy Evans is a Director of North Petherton RFC. Both transactions are made on usual commercial lerms. Produced by Albert Goodman LLP Page 42

Somerset Actlvlty and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2025 18 Flnancial instruments Categorisation of financial instruments 2025 2024 Financial assets measured at fair value through income and expenditure account Financial assets thal are debt instruments measured at amortised cost 690,439 688,044 2,807,936 2,726,758 3,498,375 3,414,802 Financial liabilities measured at amortised cost 458,436 453,187 458,436 453,187 Item of income, expenditure, gain and loss Income Expense Net gains Net losses 2025 Financial assets measured at fair value through income and expenditure account 11,489 11,489 2024 Financial assets measured at fair value through income and expenditure account 38,578 38,578 Produced by Albert Goodman LLP Page 43