Sports Aid Cymru Wales Trustees Annual Report 2. In the interest of social wellare to provide funds or to organise or provide, or assist in the provision of, lities for recreation in any part of Great Britain for persons who by reason of their youth, social or economic circumstances have need of such facilities with the object of improving their conditions of life. 3. To further such other purposes in Great Britain that are exclusively charitable in accordance with the laws of England and Wales. When planning activities for the year, the trustees have considered the Charity Commission's guidance on public benefit. All charitable activlties are undertaken to further the cornpany's charitable purposes for the p ublic benefit. Sports Aid Cymru Wales receives money trom donations. fund raising events and businesses and pays these out in grants to young sports persons. ACHIEVEMENTS AND PERFORMANCE The main achievement of the charity during the year was to provide 124 grants to young sports people. These cover a wide range of sports which include: Archery - Equestrian Rugby- Table Tennis - Badminton - Goll- Skiing- Triathlon Athletics - Fencing - Salling - Tennis - Canoelng - Gymnastlcs - Shootlng - Cricket - Judo - Snooker- Cycling- Paralympic Sports - Swlmming FINANCIAL REVIEW ReseNes held as at 30 September 2024 amounted to £152,673 {2023: £147,724) includlng restricted funds of £nll (2023: £nil). It is the charity's policy to set aside Income as a general reserve against future expenditure. PLANS FOR FUTURE PERIODS Sports Ald Cymru Wales hopes that it wlll continue to recelve donations and provlde young people with grants to encourage them to pursue Iheir sporting ambitlons. STRUCTURE, GOVERNANCE AND MANAGEMENT The governing documents of Sports Aid Cymru Wales are the Memorandum and Artlcles ol Associatlon. The charlty is a private company Ilmited by guarantee. The first trustees are those persons appointed under the articles. Future trustees shall be appolnted as provlded subsequently In the articles. No trustees shall be appolnted to any office of the Charlty pald by salary or fees or receive any iernuneration or other beneflt In money or money's worth from the Charlty. The Trustees are responsible for keeplng proper accountlng records that disclose wlth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements cofflply wlth the Companles Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of Iraud and other Irregularitles. The above report has been prepared in accordance wlth the provisions applicable to companles subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS102). Signed on behalf of the board David Mason Company Secretary 26 March 2025 Page 3
Sports Aid Cymru Wales Balance Sheet at 30 September 2024 vinpany No. 07008455 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 3,147 150,906 154,053 (1,380) 152,673 152,673 152,673 1,160 148,785 149,945 (2,221) 147.724 147,724 147,724 Creditors.- Amount falling due within one year Net current assets Total assets less current liabilities Net assets exclud ing pension asset or liability Total net assets 10 152,673 147,724 The funds of the charity Restricted funds Unrestricted f unds General funds 11 11 152,673 152,673 147,724 147,724 Reserves 11 Total funds 152,673 147,724 These accounts have been prepared In accordance wlth the speclal provlsions ol Part 15 of the Companies Act 2006 relatlng to small companles. For the year ended 30 September 2024 the company was entltled to exemption under sectlon 477 of the Companies Act 2006 relating to small companles. The members have not required the company to obtain an audlt in accordance with sectlon 476 of the Companies Act 2006. The dlrectors acknowledge thelr responslbilitles for complying with the requlrements DI the Companles Act 2006 wlth respect to accounting records and the preparatlon ol accounts. Approved by the board on 26 March 2025 And signed on Its behalf by: David Mason Trustee 26 March 2025 Page 7