Charlty reglstrdtlon number 01130439 C¢xmpany registration number 06659482 {En8land and Wales) Beyond Sport Foundation Annual Report and Financial Statements For the year ended 31 December 2024 Gilberts CHARTERED ACCOLNTANTS Beyond Sport Foundation Contents Page Tru5tees' report Statement of trustees, responsibilities Independent auditor's report Statement of financial activities Balance sheet Staternent ot cash flows io Notes to the financial statements 11-22 Beyond Sport Foundation Legal and administrative information Trustees A Chalat N Keller J Gleasu A Shabazz C Roget5 C Stem (Appointed 4 December 20241 Charity number 01130439 Company number 06659482 Prlnclpal address 110 Hi8h Holborn 5th Floor London WCIV 6JS Re￿stered office 110 High Holbom 5th Floor London WCIV 6JS Auditor Gilberts Chartered Accountants Pendragon House 65 London Road St Albans Hertfordshire ALI IU Beyond Sport Foundation Trustees, Report (Including Directors, Report) For the year ended 31 December 2024 The trustees p￿sent their annual ￿port and financial ststements for the year ended 31 December 2024. The financial statement5 have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document. the Companies Act 2006 and "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 IFRS 1021" (effective l January 20191. Objectives and aclivitses The charity's objectives are to promote the use of sport for social change. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charrty should undertake. Achle¥ements and perfornian¢e During the period the charity has successfully received funding from corporate and individual donors to fund projertS undertaken in the same period. The charity wrote grants to 66 organi5ations in the period as detailed in note 6. Financial review The charity received £1.928,17512023 - £2,641,411) of funds in the period. It incurred charitable expenditure in the period of £1,132,51012023 - £1.705,5541, and other costs of £791.56512023 - E769,5311 The closing balance on unrestricted funds and total funds amounted to a deficit of £79,78812023- 3 deficit of £83,888). As at the Balance Sheet date the charity has net liabilities of £79.788. Benchmark Sport Holdings Limited, a company with directors that are also trustee5 Of 8eyond sport Foundation, ha5 agreed to provide financial support to the charity so that it can meet its liabilities as they fall due, for at least twelve months from the date of approval of the financial statements. Based on the above support the trustees have a reasonable expectation that the charity has adequatE resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fbnancial statements. The trustees believe that the company should hold in reserves a sufficient cushion of funds to en*Jle it to continue to exist through a period of reduced income, and should it be necessary to cease to operate and wind up in an orderly fashion. The trustees consider the desirable level of reserves for this purpose to be 6 months of operational expeiditure. There is a deficit on unrestricted funds of £79,78812023 - a deficit of £83,888). The charity continues to seek funding and the trustees believe that the charity's affairs are uncomplicated and costs can be easily controlled. The trustees are committed toward building the reserves to the required level and based upon financial projethons and continLied support from related entities the charity will have adequate resource5 to meet its liabilitie5 as they fall due. Public benefft requirements The trustees have referred to guidance in the Charity Commission's general guidance on Public Benefit when reviewing their aims and objectives and in planning future activities. In particular. the trustees consider how pla{￿e￿ activities will contribute to the aim5 and objectives they have set. Beyond Sport Foundation Trustees, Report (Including Directors, Report) (Continued) For the year ended 31 December 2024 Plans for future perlod$ Beyond Sport focused its programmatic delivery in 2024, delivering to various partnerships and inthatives. Our Breaking Limits programme and work with the NFL Foundation continues as flagship programmes, and we continued our work supporting refugees and asylum seekefs through sport with our Sport ToEether Fund. We delivered our fir5t-ever fundraising gala as part of our strdtegy to diversify income and increase individual giving to the Foundation with much success. We also undenvent a comprehensive brand identity refresh. including a logo. messaging and website, which has been very positively received. In line with this. we refreshed our measurement framework which contains comprehensive qualitative and quantitative inputs we are now tracking against. Our Theory of Change has guided this process 2nd will form part of our holistic MEL framework. In conjunction with this. we made some changes to the 8oard of Directors and intensified our effort> to utilise their expertise more constructively. 2024 represents a hugely successful year for Beyond Sport acr055 multiple metrics through our UK foundation and US SOlc3. In 2025, we plan to continue our programmes from 2024. We hope to grow our work wtth the Sport TO￿ther Fund, as well as an ambition to find one new partnered pro6ramtne by year-etbd. We also plan to secure è rninimum of £25,000 via unrestricted donations. Structure, governance and management Thg tharity is 2 cnmpany limitpd by guxrantèè eovp.med by it_s MÈmorandum of Association dated 22 July 2008. It is re8iStered as a charity with the Charity Commission in England and Wale The trustees who served during the year and up to the date of signature of the financial statements, of which N Keller and R Becker are also the directors for the purpose of company law. were= R Becker A Chalat N Keller M de Carvalho J Gleasure K Nascimento A Shabazz J Teik Oon C Rogers C Stern (Resigned 6 May 20251 (Resigned 22 March 20241 (Resigned 27 February 2025) (Resigned 9 January 20241 IAptM)inted 4 December 2024) Trustees are appointed or reappointed by the Board or at the AGM. New trustees are invited to famliarise themselves with the charity and the context within which it operates by attending a briefing session led by the chairman of the Board. No remuneration is paid to trustees for their service. Audltor In accordance with the company's articles. a resolution proposing that Gilberts Chartered ACCOUn￿t$ be reappointed as auditor of the company will be put at a General Meeting. Beyond Sport Foundation Trustees, Report (Including Directors, Report) (Continued) For the year ended 31 December 2024 Dlsdosure of Irrformatlon to audltor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit. but of which the auditor is unaware. They have further confirmed that they have tsken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, report wa5 approved by the Board of Trustees. N Keller (Aug 18, 2025 19:53:10 GMT+l) N Keller 18108125 Date: ................ Beyond Sport Foundation Statement of Trustees. Re5ponsibilitie5 For the year ended 31 December 2024 The trustees. who are also the directors of Beyond Sport Foundation for the purpose of company law are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which gpie a true and fair view of the state of affairs of the charity and of the incoming resources and applitatFon of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial Statements. the trustees are required to: - select suitable accounting policies and then apply them consistendv. - observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudenL' state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements- and prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posttron of the charity and enable them to ensure that the financial statements comply with the Companies Act 2(Kl6. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection ot trdud and other irregularities. Beyond Sport Foundation Independent Auditor'5 Report To the Trustees of Beyond Sport Foundation Opinion We have audited the financial statements of Beyond Sport Foundation (the 'charity'l for the year ended 31 December 2024 which comprise the statement of financial activitie5, the balance sheet. the Statement of cash flows 3nd notes to the financial statements. including 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 Fint7ncit71 Repoffj"ng Standard applicoble in the UK ond 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'5 affair5 35 at 31 Oecember 2024 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 AccountiTrg Practice. and have been prepared in accordance with the requirements of the Companies Art 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applitable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financiol statements secknon of our report. We are independent of the charity in accordance with the ethit31 requirement5 that are IEleviiiil lu uur (iudit uf Llie II¥EdfiLldl sldteFTJerils iii Llie UK. iriilutjiiig Llie FRC's ELliii¢il 5￿11￿drd. drid 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. Material uncertainty relating to going concern We draw attention to note 1.2 in the financial ststements which indicates that while the trustees have a reasonable expectations that the charity will continue in operational existence for the foreseeable future, there is a reliance on external funding from the Benchmark Group. The fact that this funding is not legally binding gives rise to a material uncertainty relating to going concern. Our opinion is not modified in respect of this rnatter. Other infornialion The other information comprises the information included in the annual ￿port other than the financial ststements and our auditor's report thereon. The trustees are responsible for the other information contsined within the annual report. Our opinion on the financial statements does not cover the other information and we do not expre55 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 Elves rise to a material misststement in the financial st*ements themselves. If, based on the work we have performed, we conclude that there is a material misststement of this other information. we are required to report that fact. We have nothing to reFK)rt in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities IAccounts and Reports) Regulations 21J)8 require us to report to you if, in our opinion- the information given in the financial statements is inconsistent in any material respect with the trustees, report; or sufficient accounting records have not been kept- or the financial statements are not in agreement with the accountlng records; or we have not received all the information and explanations we require for our audit. Beyond Sport Foundation Independent Auditor'5 Report (Continued) To the Trustees of Beyond Sport Foundation Respon51bllltles of trustees As explained more fully in the statement of trustees, resF)onsibilities. the trustees. who afe also the cirectors of the charity for the purpose of company law, are responsible for the preparation of the financial 5tatement5 and for being satisfied that they give a true and fair view. and for such internal control as the trustees deterrnine 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 charity'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. Audltor's reSpO￿lbO11tIes for the audlt of the financlal statements We have been appointed as auditor under section 144 of the Charities Att 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 ststements 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 IUKI 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. Explanations as to what extent the audlt was considered capable of detecting Irregularfties. Including fraud 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. However, the primary responsibility for the prevention and detection of frdud rests with both management and tho* charged with governan￿ of the company. The extent to which our pr(Kedures are capable of detethng irregularities, including fraud is detsiled in our approach below: We obtsined an understanding of the legal and regulatory requirements applicable to the company and considered that the m05t significant are the Companies Act 2006. UK financial reporting stsndards as issued by the Financial Repo￿ng Council and UK taxation legislation. We assessed the risk of material mlsststement of the financlal statements. Indudlng the rfsk of material misststement due to fraud and how it might occur. by holding discussions with management and those charged with g)vernance. We enquired of management and those charged with govemance as to any known instan￿5 of nortrcompliance or suspected non-compliance with laws and ￿gulationS. The￿ are inherent limitstions in the audit prO￿dureS noted above. the further removed non-compliance with laws and regulations is from the events and transattions reflected in the financial 5tstementS, the le55 likely we would become aware of It. Based on this understsnding. we designed specific appropriate oudit procedures to identify instsnces of non-complian with laws and regulations. This included making enquirie5 of rnanagement and those charged with govemance. miscellaneous receipt and payments testing. journal entry testin& analytical procedures and obtaining additional corroborative evidence as required. In doing so we evaluate whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. We recognise that the risk of not detecting a material misststement due to fraud is higher than the risk of not deterting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or Intentlonal misrepresentations. or through collusion. We communicated relevant key laws and regulations and potential frdud risks to all engagement team members and remained alert to any indications of fraud and nOn￿OmPliance with lav￿ and regulation5 throughout the audit. We did not identify any key audit matters relating to irregularities, including fraud. A further description of our responsibilities is available on the Financial Reporting Council's website at: https-ll www.frc.org.uklauditOT5re5ponsibilitie5. This description forms part of our auditor's report. Beyond Sport Foundation Independent Auditor'5 Report (Continued) To the Trustees of Beyond Sport Foundation Use of our report Thi5 report is made solely to the charity's trustee5, 3s a body, in accordance wth part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might State to the charity's trusteeg those matters we are required to stste to them in an auditor's 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 charity and the chariVs trustees as a body. for our oudit work, for this report. or for the opinions we have formed. Luke Parker ACA (Senior Statutory Auditorl for and on behalf of Gilberts Chartered Accountants Aug 19, 2025 Pendragon House 65 London Road St Albans Hertfordshire ALI IU Gilberts Chartered Accountants is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Art 2(K)6. Beyond Sport Foundation Statement of Financial Activities Including Income and Expenditure Account For the year ended 31 December 2024 Unrestrirted Restrtrted funds funds 2024 2024 Total Unrestrirted funds 2023 Restrfrted funds 2023 Totsl 2024 2023 Income and dowments from: Donations and legacies Charitable activities Other income 185,543 460,008 150.114 185,543 1.592.518 150.114 1,485 661.436 272.936 1.485 2,366.990 272,936 1.132.510 1,705,554 Total Income 795,665 1,132,510 1,928,175 935,857 1.705.554 2.641.411 Charitable activities 791,565 1,132,510 1,924,075 769,531 1.705.554 2.475.085 Net Income for the year/ Net movement in funds 4.ILiI 4.1 166.326 166.326 Fund balances at l January 2024 {83,888) {83,8881 {250,2141 {250,2141 Fund balan￿5 at 31 December 2024 {79,788) {79,788) (83,888) 183.8881 The statement of financial activities includes all gains and losses recognised in the year. All irrome and expenditure derive from continuing activities. The statement of financial actfvities also complies with the requirements for an income and expenditure account under the Companies Act 2IX)6. Beyond Sport Foundation Balance Sheet For the year ended 31 December 2024 2024 2023 Notes Fixed a55ets Intangible assets io 1,615 1.870 Current assets Debtors Cash at bank and in hand li 207.527 85.894 630,124 319,690 293.421 949,814 Credltor5: amounts fallln8 due wfthln one year 12 {374.8241 11,035,572} Net current liabilities 181.4031 185.7581 Totsl assets le55 Current liabilities 179,7881 183,8881 Income funds Unrestrirted funds 179.7881 183,8881 (79,7881 183.8881 The company is entitled to the exemption from the audit requirement contained in sedion 477 of the Companies Act 2006, for the year ended 31 December 2024. although an audit has been carried out under section 144 of the Charities Act 2011. The dirertors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accountin8 records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 21X)6. for the year in question in accordance with sertion 476. These financial statements have been prepared in accordance with the provisions applicable to companies subjert to the small companies regime. The financial ststements were approved by theTrustees on......................... .N. Koller.LAy&l.8.2025 19:53:10 GMT+ll N Keller Trustee Company Reglstratlon No. 066S9482 Beyond Sport Foundation Statement of Cash Flow5 For the year ended 31 December 2024 2024 2023 Cash flows from operating artivities Cash (absorbed byl/generated from operations 15 {233.796) 14,398 Net cash used in investing activities Net cash used In financln8 artlvltles Net Idecrease}Ilncrease In cash and cash equlvalents (233,796) 14.398 Cash and cash equivalents at beginning of year 319.690 305,292 Cash and cash equlvalents at end of year 85.894 319,690 -io- Beyond Sport Foundation Note5 to the Financial Statements For the year ended 31 December 2024 Accountlng polldes Charity inforniation Beyond Sport Foundation is a private company limited by guarantee incorporated in England 3nd Wales. The registered office is 110 High Holborn. 5th Floor, London. WCIV 6JS. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charitie5 SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern As at the Balance Sheet date the charity has net liabilities of £79.788. Benchmark Sport Holdings Llmited. a company with directors that are also trustees of Beyond Sport Foundation. has agreed to provide linan¢ial support to the charity so that it can meet its liabilities as they fall due. for at least twelve months from the date of approval of the financial statements. Based on the above support the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Although this expectation is reasonable, the continued reliance on external funding does give rise to a level of uncertainty. 1.3 Charltsble funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objecttves. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and Uses of the restricted fund5 are set out in the notes to the financial 5tstements. Endowment funds are subject to specific conditions by donofs that the capital must be maintsined by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any perforniance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are retognised once the charity ha5 been notified of the donation, unle55 performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. li- Beyond Sport Foundation Note5 to the Financial Statements (Continued) For the year ended 31 December 2024 Acmuntln8 polkles (Contlnued) 1.5 Expenditure Expenditure is recognised once there is a legal or constnjctive obligation to transfer economic benefit to a third party. 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 athvity. The costs of each artivity are made up of the total of dirrft costs and shared costs, including 5UPPOrt cost5 involved in undertaking each artivity. Dirett costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and sup?ort cost5 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 are allocGted on the portion of the asset's use. 1.6 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where Ft is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably: the intangible asset arise5 from wntractual or other le8al rights- and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the c05t or valuation of assets less their residual values over their useful lives on the following bases-. Trademarks straight line 1.7 Impairnient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indThtion exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment1055 lif any)- 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand anddeposits held at call with banks. 1.9 Financial instrurnents The charity has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a linancing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial a55et5 clossified a5 receivable within one year are not amorti5ed. Basic financial liabilitie5 Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amorknsed cost using the effective interest method unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest. -12- Beyond Sport Foundation Note5 to the Financial Statements (Continued) For the year ended 31 December 2024 Acmuntln8 polkles (Contlnued) 1.10 Taxation Thc Charlty is cxcmpt from tax on incomc and gains falling within scction5 472 489 of thc Corporation Tax Art 2010 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to It5 charitable objerts. 1.11 Employee beneffts The cost of any unused holiday entitlement is reco8nised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity Is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Donations and le8a¢les nsorshlp Sponsorshlp Income income 2024 2023 Donations and gifts 185,543 Income from charitsble acthiltles Grdnt income 2024 Total Grant income 2024 2023 Total 2023 Other income 1.592,518 1.592.518 2.366,990 2.366.990 Analysis by fund Unrestritted fund5 Restricted funds 460.Ci)8 460.(￿8 1.132.510 1,132.510 661,436 1,705,554 661.436 1,705.554 1.592.518 1.592.518 2.366.990 2.366.990 -13- Beyond Sport Foundation Note5 to the Financial Statements (Continued) For the year ended 31 December 2024 Other Income 2024 2023 Service charge income Write back of intercompany loan 150,114 147.936 125,(KK) 150,114 272.936 Empenditure on charitable aciivities 2024 2023 DirErt fQ5ts Staff costs Fundraising & event costs Overheads Sub contracted consultancy GriintS P