Charity registration number 1136892 (England and Wales) Charity registr#tion number SC045967 (Seoiland) Company registr4tioD Dvmber 07171285 (En￿and and Wales) GOALBALL UK ANNUAL REPORT AND FINANCIAL STATEMENfS FOR THE YEAR ENDED 31 MARCH 2024 GOALBALL UK LEGALAND ADMINISTIi4TIVE INFORMATION Trustees J Grosvenor (Chair) K CoghlaTJ P Ellioll (Senior Independent Director) A Foivler-wrighi E Henwo(MJ L Kocher S Mcmun R Singh fvl Winder (Appoinied 6 November ?023) (Appoinled 6 November 2023) (Appointed 6 November 20?3) Seeretary M Martin Charity Dumber (Engl#nd and Wale5) ]13689? Charity nuwber (Scotland) SC045967 Company number 07171285 Registered offiee English Institute of Sport Sheffield Coleridge Road Sheffield S9 5DA Auditor Clarkson Hyde LLP 3rd Floor Chanccry House St Nicholas Way Sutton Surrey SMI IJB GOALBALI. UK Cor￿ENTs Pag¢ Trustc¢s' rei Statement of irnstees, responsibilities Independent auditorfs report 9-11 Statement of f￿ancial activities 12 Balance sheet 13 Notes to the financial statements 14-22 GOALBALL UK TRUSTEF.S' REPOR"r (INCLUDING DlliECfORS' REPORT) FOR THI YEAR ENDED 31 MARCH 2024 The Trustees present their report and financial statetnents for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note I to the fmancial slatemcnls and comply wilh the charity's Memorandum and Articles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charilies Account5 (Scotland) Regulations 2006 (as amended) and "Accountiiig and Reporting by Charities= Slalcmenl of Recommended Practice applicable to charilics prcparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). Introduetion Goalball U.K. is the governÈng btmty for the Pardlympic sport of goalb211 actw the Uniied Kingdom. We are committed to ensuring that the sw)rt continues to thrive from grassroots lo our Perforn)ance Programme. We are responsible for the tratning aTJd selection of teams representing Great Britain and for parlicipation in and development of goalball across the United Kingdom. Goalball U.K. represents goalball's interests on the British Paralympic Ass(Kiation, the Sport and Recreation Alliance, Sport England, lJ.K. Sport, government and non-governmental agencies and many other orgamisations. Goalball U.K.'s rnission is to be world leading in promoting and providiDg swting op￿)rt￿lI1es for blind and partially sighted people and to make goalball a universally recognised sport in the U.K. We are driven to tra115forni people's lives through our sport by: Building inclusive partnerships Creating safe: exciling opportunities Empowering through owncr5hip CoJ]necling Ihe goalball family Creating positive communitias As an organisalion, we are committed to serve our players with passion. act with integrity and lo be responsive to our stakeholders. Our pride in working al Goalball U.K. must be rcflected IA our drive for success at all levels. Business Review As we navigate lowards our new 2025_?029 strategi¢ plan, I am pleased io share ihe temarkable slrides Goalball UK has made in the last calendar year. 2023D4 saw the seLond year of the new fi￿dIng cycle with Sp)rt England. In partnership, we identified a range of priorities for the next five years 10 5UPPOrt Sport England"s 'Uniling the Movemenl. agenda. It is also the third year of the funding cycle witli UK Sport. We cnter a period of change, and much work has gone into making sure wc art ready lo lake goalball into a new chapter. It was agreed we will, as part ofour systemic role within the sector, continue to use go8lball to Iransforni the lives of people who are blind and partially sighted. The developmen15 have been numerous. The compelttion structure conlinues lo develop. We are aware this brings challenges and we continue to work with clubs lo ensure as many people can play our spotl and be part ot the goalball LOlIllllunity. We have fi￿her established and strengthened our role wiihln the sport and disability sectors as an cxpert insight leader and champion of people who are blind or partially sighted. For example. Ive have been canying out research work in partnership with York Si John University and joined three other governing FK)dies W0￿]ng with Thc True Athlete Project examining ways to support ihe whole aihlete. Furthennore, we are pleased to be dcveloping research work with Leeds Bcckett University. We are excited to be supporting the sport and physical activity ecosyslem in reducing the barricrs lo participalion improving the life chances for pcople with a visual impairnient (VI) irrespcclive of ethnicity, agc. gender. sexuality, location, or socioeconomic status. Regarding our governing role: we are continuing to fi￿her eslablish and strengthen our influence wiihin the sport and disability sectors as an expert deliverer, insight leadcr and champion of people who are blind or partially sighted. GOALBALL UK TRUSTEES, REPORT ￿NCLUDING DIREcfoRS' RLPORT) (CONfiNUF.D) "OR THE YEAR ENDED 31 MARCH 2024 Busilless Review (eontinuedl We are committe(I lo creating a stron& challen￿llg learning and insight framework srKcific to our people, their experiences, barriers and molivations. This yedr we embedded a framework to measure learning and progres5. We continue lo develop our safeguarding worL and pleasing progtrss has IMI made in relalion to our y)licies 2nd procedures. We also provided several online safeguarding courses for clubs ensuring they are better placed in this area. Like the entire sector, this is still an arva for attention. and we are implementing improvements. The swrt continues to be complianl with the C(xJe of s￿rts Governance and has implemented the ll￿ted requirements of the code which were released during the fmancial year. We have developed a People Plan lo suppot1 people across our community. This will also be supported by a Divetsity Inclusion Action PlaD. We are committed to our sport ￿Ing inclusive for a diverse cohort within the VI community. We arc also mindful of ensuring our stx)rt has as little impacl on the environment as y)ssible and introduced changes lo our practices and delivery methods. This has been developed Anto our Environmental Policy and this year we will work on the consequential action plan. The results of our recthTrl members su￿eY ￿vealed over 8PYo of our membeTS are satisfied with the services Goalbttll U.K. provides. These include competitions. supp￿, Communicatio￿ and safety. The survey also revealed a strong interest towards the development of team support and coaching oppottunities which we will continue to develop alongside our members as part ofour new strategy that will be launched at the end of the year. High Performance 2023 was a busy year for our high-performance programme. marked by two qualifiers for Ihc Paris 2024 Paralympic Games. We hosted 20 traintng camps, pai1icipated in three inlcrnalional competitions, 2nd orgallised an inlernalional training camp. In 2023. we welcomed new members to our team. including Chief Medical Officer Dr. Alailla Hadfiel4 enhancing our medical 5UPPOrt alongside physiotherdpists, and contributing to concussion prot(Kol delivery. IBSA World Games The IBSA World Games were held on hO￿e soil: making the event even more significant for everyone involved. Roth our men's and women's teams had ihe opportunity to compele against the best teatns in the Worl¢ producing some memorable perfornlances in front of family and friends. Finishing positions= GBR Women 7th place GBR Men 13th place The (yames also allowed us lo grow the S￿rt, raise awareness and celebrdte our wonderfvl sport and community. IBSA European Championship5 At the European A Championships in Podgoric4 Montenegro. in December 2023, both our teams competed for the Iirst lime since 2017. The Women's team secured second in their group behind Turkey. and after a victory over Finland. faced a 5emi-fmal defeat to Israel. Unfortunately, they missed a bronze medal againrt Gree￿. finishing just outside ihe podium. The Men's tea￿, baving been promoted to EUrO￿,S top division in November 2022, aimed to retain their slatus. They won two of four grotw matches and faced Turkey in the quarter fina15 but were defeated. They successfully secured their place in the Europeat) A d&vision after a decisive 5-3 win against Greece in a crucial match. marking their continued presence in the division for the f￿st lime since 1999. Finishing positions: GBR Women 4th place GBR Men 7th place Our Paris 2024 cycle ended with neither team qualifying for the Paralympic Games. However. we wÈll enter the next Paralympic cycle with two teams compeling at European A Championship5 levcl. GOALBALL UK TRUSTEES, REPORT (INCLUDING DIRECtOlLS' REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 IBSA European Championships (eontiDuedl WL bid farewell lo key staff, inLluding Alex Bunney. who, after over nine yeaT4 departed as the GBR Men's Team Assislant Coach. His contribulions, especially in mainlaining our European A Championships slalu& have been invaluable. and although he will be missed, we are glad to keep his expertise in a broader coaching role. We also said go(Mlbye to Aaron Ford and Becky Ashworth who chose to step away from ihe programme. Additionally. lead physiotherdpist Josie Hewson and nutritioni51 Jodie Redgrave have left the progrdmme. and we are thankful for their long-tem] support, and wish them well in their future endeavour5. At the end of the year we launched our new Perforniance progrdllllE]e. the result of live year5 hard work by many people. Despite not qualifying for Paris, we enter the new cycle with optimism. The progrdmme will bc driven by Gary, Frnser our High Perfornian¢e Lead and Fayc Dale our National Talent Lea& alongside experienced ¢oa¢hes, stattand new coaches to our sport. This piits us in a good p05È1ion heading into the LA 2028 cyclc. Cla55ifieatioD In 2023 we were pleased io announce our new partne￿hIp with The London Clinic, as their Eye Centre will be conducling all Goalball U.K. classificalion examinations. This enables to have a siable option for ¢lassifiLalio￿ and access to ophthalmologists throughout the ycar. This partnership demonslrdtes a proactive and progressive slep forward for the NGB, as well a5 SUPPOrting the Clinic's charitable puryK)sc. Talent and Academy TalLnl sils as an integrdl part of the Goalball U.K. Perforniance Pathway. Player5 and staff within this progrdmme are developing Ihemselves through learning and experiences lo best prepare them lor transition into Ihe senior Great Britain squads. Durtng 2023124 our talent and academy squads have gone from strength to strength. The Talent squad has had six Irdtniiig camps and one international iournattLent resulting in a well-deserved silver rnedal. The Academy Squad has had four training camps and is now fully recognised as an official progrdmme in Goalball U.K.'s new Perforn)ance Pathway. Children and Young People Goalball U.K.'s Schools progrdtnme ci)ntinues to go from slrengih lo strength, promoting goalball a5 aD inclusive sporl Éo both sighted attd blind or partially sighted pupils. In 2023124 we worked with twenty-eight schools, introducing over 1,7(M) students lo goalball. This included one hundred and nineteen blind or partially sighted pupils. A new partnership with PE Office has been eslablished to redevelop our Secondary school resources, launched in 2024. The new offer will raise awareness of and increase the ongoing deltvery of goalball in schools. The Youth Forum held mini funthaising evenls at tournaments including bake sales and raffle5 Icading up to their firsl fundraising event 'Climb Snowdon, which raised over £3.(M)O. The Youth Forutn will use these funds lo organise the 2024 Summer Catnp. In parlnership with Guide Dogs (Southampton. Devon & Cornwall, and Bristol ledms), local sight loss societies (Berkshire Vision, Sighi for SunEy, and Oxfordshire Eye5) and British Blind Sport we delivered several opportunities for children and young people lo try goalball at their events. Clubs Our network of affIlialed g¢)alball clubs cxpandcd in 20?3124 with three new club5 launched in Bradford. Oxford, and Siaffordshirc and most recently we began developmenl work in North Wales. Our staff have been on hand throughoul the year to support existing clubs to develop in key areas of governance. safeguatding, lundin& and workforce development. We would like to thank all our club5 for their hard work ihtoughoul the year in delivering goalball in Ilieir local cominunilies. In 2024 and beyond we will focus on improving our club supwrt offer as we recognise ihe ¢hallenge5 clubs face in setting up and suslaining. Competition Our oificials, activators, and event 51aff have delivered thirty-one regional. intern]ediate, and national conipetilion days with ovcr 230 players taking part. Our compeliliun5 conlinue to be a fan185tic opportunity for player5, coaches, and officials to Cotne logciher and share their passton for Ihc sport on and off the court. In Jime 2023, Nve delivered our flagship evenL Ihe GOalr￿ Cup, ￿ Worcester University piloting a three-day forniat for Ihe first time. The cvent ivas live streamed with audio description commentary available in the venue and on the live stream. As we look ahead, our priority 15 10 incrvdse and turther upskill our workforce to 8UStain and grow our competition offer for 2024 and beyond. GOALBALL UK TRUSTEF.S' RF.PORT ONCLUDINC DIRECtORS' REpoiYr) (coNrINUED) FOR THE YEAR ENDED 31 MARCH 2024 Awareness and Tasler Days Our partnership work with Brilish Blind Sport (BBS) delivers practical goalball tsster sessions and awareness-rdising activities across the UK. As well as BBS events, we represent at QAC Sight Village eventy the Albinism Fellowship Family Conference, Help lor Heroe5. Sight Loss Council's 'Let's Get Active. Day and various swjrts festivals around the county. Goalball U.K., in partsiership with our affiliated clubs, also offers taster sessions throughoui the year. The IBSA World Games offered the opwtunity to make the most of the wide exposure of goalball wtth our World Games Grant Scheme funding fifteen extra taster sessions to illtrodu￿ new people to the spoi1. Learning and Development In parthership with BBS and UK Coaching, we have dcveloped a Dew e-learning course which was launched in 2024. Working wilh Winchester Kings and Cambridge Dons we have piloied ow coach educatton workshop5. We look fonvard to expandtng o thts work and delivering D)ore coaching content to the club nelwork in 2024. Thirty-two people completed our Ontine Introduction to 0￿1ClaI1ng Course in 2023. We hav¢ trained twenty new club leaders and 163 new School Leaders to deliver goalball. Workforee and Volunteers I'he work of Goalball UK wouId not be possible withoul the team of dedicate(L enthusiastic and skilled volunleers wbo make up a myriad of roles to forn) our w0￿[OrCe. From 14 10 81 years 01￿ the people supporting goalball COD]e from all walks of life. In 2023124 our workforce grew by almost I￿/￿. 28 new volunteerActivators joined our 26 existing Aclivators. 6 newly qualified referees now join our group of 20 qualified goalball referees. We provided 28 volunteers to the IBSA World Games who look on official roles such as table and goaljudgillg. In 2023f24, w0￿1ng with eight w]iversitie4 volunteering has b(M)sted the number of individuals joining the goalball Lommunity. We have represented at various university volunteer faits such as Sheffield Hallam University. University of Sheffield, Univasity of BinnIngh￿, Birmingham City University. York St John University. University ofwoicc51er, Bishop Grossetcste University, and the University of East London. Partnerships We have continued to develop new parknerships, helping to pn)vide more optx)rtunities for people who are blind or partially sighted. This area of work i5 a key function in developing the long-term sustainability of our charity. Since 2017 we have generated income from a Vhriery of sources, and it has allowed us to develop many new projects. We will shortly finalise Goalball UK'S 2024-2027 fi]ndraising strategy. This will set out ￿bitiOnS to grow fundraising as an income stream wiihin the organisalion. We will bring the goalball conimunity OD the journey by introducing activities which wtll drive the diversification of current income. Over the year we have tried a varicty ofways to develop and understand our tundraising strengths and areas for development. This h&s allowed us lo define where we f()cus our energy in the coming years. We have established comme￿181 partnerships with several companies to supw)rt our WOTk. NaEnely, Northern Accountants, PE Oftice. Direct Business Solutions, Sol PV and Perfection Travel. All these companies are collabordting with us to support our cause and have become shirt sponsors for our Great Britain team& This is the first time Goalball UK have attracted sponsorship of this kind. GO￿[￿ Sports ￿ntInueS to be the headline 5poDsor foT the Goalfix Cup and the partherships continue lo tlourish. Pilot Project5 througbout the ycar included time spent working with our collllnunity. We W0￿ed with the GB Squad to identify C051s they personally incur and provide them with te￿plateS and lrfaiised fimding that could support them. We have identified this work needs to be repltcaled with clubs. 2024 and beyond will see focus on supwrting clubs, sub51anttality as part of our new strdtegy. Wc launched the 'Get Behind GB. campaigD lo rdise awareness of the IBSA World Games and support the Great Brilain teams partiLipating. This campaign had limited succes5 and led to vithl learnings. If we want to develop crOWdfi￿dIDg as a source of ndin& we must grow our reach beyond tbc present goalball community. In partnership with British Blind Sport, we hosted existing and new partners at the IBSA World Crames in Coventry. This allowed us to showcase the sport and our people positively and allowed us to enter several new conversations about partnerships. GOALBALL UK TRUSTEES, REPORT OIYCLUDING DIREcfoRS' REPORT) (COfflNUED) FOR THE YEAR EI¥DED 31 MARCH 2024 Parther5hip5 (f onttnued) In ILrn15 of grants and trnsls we did not meet our target incomc. However. we rernain commttted to developing this are& After several pilot projects. we have established T￿￿tS and Foundations thai are key lo increasing our income streams. Alongside this we mi￿1 develop relationships with corporate partners and iK)th areas of work will be our focus moving forward, whilst developing the reach ofour sport and organisation across the UK. Final Thanks On behall of the Board, I would like lo pa&% on my thanks the Goalball U.K. execulive leam for thetr efforts and commilmenl lo goalball. The 5POrt is highly dependent upon the IwEe numbers ofvolunleers who help wtth every area of the srK)rt. The directors expres5 Iheir Ihanks lo all volunteers for their hard work and dedication over the past year. We aJe committed to supporting them in Iheir endeavours and our new work will demonstrate this. Finaneial review Goalball U.K. continues to accounl separately for two distinct operational strands - Grass RIK)ts and High Perforniance. The gras5 roots operation is mainly shown as unreslricled fi￿d8 and is fi]nded principally by SKK)rt England. The High Perforniance programmes are shown as restricled fi￿d$. The Spkn England grant w&s the second award of the 2022-7 fimding cycle. Iiicome received by the grdss roots fimds rose by a modest 2Yo during the financial year. In the face of challeJ)ges being experienced across the charitable sector, Goalball U.K. maintained Èls level of income generation. Expenditure by Gras5 Roots rose by 8Yo during the financial year. This was IwEely duc to the strengthentng of the Senior Management Team in High Perforniance, Communications and Fundraisin& as ivell as the investment in staging the World Games on home soil. The Grass Roots fund therefore returned a deficit of £57,814 during the fmancial year. However, the level of reserves built up in previous financial years enabled the fimd lo manage this deficit. As a result. the fund had a surplus going fonvard of £535 as al 31 Mijrch ?024. Whilst this value is lower than the level of required reservcs as per Ihe reserves policy, the charity has carried out an extensive review of ils income and expenditure levels in the subsequenl financial years ￿]d is confident of its ability to meet ils future financial commitments. The High Perforniance strand was the recipients of U.K. StK)rt and privale fimding during the 20234 fmancial year. The National Squad Support Funding Programme ensured that the fimd received a level of public fimding through to 31 March 2024. Income received by the High Perfornlance fund doubled during the financial year. as this was the fitst full year of being supported via the NSSF award. In a ytrar of major competitive aclivity for GB sides, High Perforniance charilable expeiiditure rose by 7 %. Al the Llose of the financial year, the fimd had a surplu5 going fonvard 01£36.903. This surplus will bc sutyicient to allow the fund lo meet its financial commitments vnlil the next round of UK Sport fLmdTng slarl4 which is 1st April 2025. li is the poliLy of the charity thal unrestricted funds which have not been designated for a specific use should ideally be maintained at a minimum level equivalent lo between three and six month's non-projecl expenditure. Thc Irustees consÉder that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue t]ie charity'5 current activities while consideralion is given lo way5 in which addttional fimds may be rdised. The Tn]stees have a duty to identify and review the risks io which the charitable compoJ)y is exposed and lo ensure appropriate controls are in place to provide reasonable assurdnce against known risks. The T￿￿leeS have a&sessed the major risks to which the charitable company is exporf in particular those rel￿ed lo the operations and finances of the charity. Robust Co￿orate governance is another critical area of risk management. Stth England and U.K. Sport demand that we continuously undertake a very rigorous self_assLErdnce process lo ensure we maintain good govetnance acr055 the wliole organisation and are in line where realislically wssible with bcsl praclice. GOALBALL IJK TRUSTEES, REPORT ONCLUDING DIRECTORS, REPORT) (COiWllNUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review (continued) Significant exlernal risk5 to funding present the greatest threat to the charity's firture. The Board mainlains close links with Sport England and U.K. Sport to ensure it has a positive and supportive relaltonship with them. ID parallel, numerous fund raistng initiatives have been undertaken and donations sought to diversify the charity's sourccs olincome. The Ttvstees have instigated insurance trfTrlicies wilh Hiscox and Aviva Insurdnce. The Trustees a￿ satisfied that systems are in place to miligate our exposure to the major risks. StrU¢tU￿1 govern8nce and management CFoalball U.K. is a company limited by guardnlee conslitthed by a Memordndutn and Articles of Association with charilable status. The trustees, who are also the directors for the pU￿oSe of compally law. and wbo served during the year 2nd up to the date of Sigma￿re of the finan¢ial statements were: J Grosvenor (Chair) A Burchell G Clancey (Senior Independent Director) K Coghlan P Elliott (Senior Independent Director) A Fowler-wri￿1t E Henwood L Kocher D Lewis-smith S Mcmunn R Singh M Winder IResigmed 6 November 2023) (Resigned 6 November 2023) (Ap￿1]nted 6 November 2023) (Appointed 6 Novctnber 2023) (Resigned 6 November 2023) (Appointed 6 November 2023) P F,Iliott replaced G Clancey as the Senior Independent Direclor. The members of the Board are the directorthtees of Goalball U.K. and have the powers and reswnsibilities of the strategic managetnenl of the business of Ihe organtsation. The Board compri5e5: The Chair (Non-Executive) senior Independent Director (Non-Executive)- Chief Executive O￿lcer. Six Independent Directors (Non-Executive) Except for the Chief Executive 0￿1Ccr, the Board is comprised of non-executive directors. The day to day running of the organisatioTh is delegated to the Chiel-Executive Officer. The Board h&s appointed five Committees to support its wot*: Competition and Club Committee Perfotinance and Talenl Committee Risk Group Finance and Operation5 Group Fundraising and Communications Grow) The purpose of each Sub-committee is recorded in its ternis of reference. Disabled persons Applications for employment by disabled persons are always Fully considered, bearing in mind ihe aplitudes of the applicant concerned. In the event of members of staff becoming disable(L every effort is made to ensure that their employment within the charity continues and that the appropriate lrnining is arranged. It is the policy of the charily that the training, career development and promolion of disabled persons shoul¢ as far as w)ssible, be identical io that of oiher employees. GOALBALL UK I'RUS'f£ES' REPORT ONCLUDING DIRECTORS, REPORD (CONTTNUED) FOR THE YEAR ENDED 31 MARCH 2024 Employee involvement The charity's policy is lo consult and discuss with employees, through unions. staff councils and at meetitRg4 matters likely lo affect employees, intereyts. Inlonnalion of matters of concern lo employees is given through infomialion bulletins and reports which seek to achieve a common awareness on IhL part of all employees of the financlal and economic factors affecting the charity's perforniance. Auditor In aLLordance with the company's articl￿ a resolution proposing that Clarkson Hyde LLP bc reappointed as audilor of the company will be pul at a Generdl Meetin& The Tru51ees' report was approved by the Board of T￿￿ees. J Grosvenor (Chair) TrusteelDireetor Dale". GOAI.BALL UK STATEMENT OF TRUSTFES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also ihe directors of Goalball UK lor the purw)se of company law, are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United kingdoD] Accounting Siandards (United Kingdom Generally Accepted Accounting Prdclice). Company Law re(￿lTe5 the Trustees to prepare accounts for each fmancial yw which give a true and fair view of the state of affairs of the charity and of the inci)ming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these account4 the Tn]5tees are required to: - select suitable accounting w)licies and then apply them Consistently" - observe the methi)d5 and principlc5 in Ibe Charities SORP" - make judgements and estimates that are reasonable and prudenL state whether applicable UK Accounting Standards have been followe(L subject to any material departures disclosed and explained in the accounts" and prepare the accounts on the going concern basis unl￿8 il is inappropriate to presume that the charity will continue in operation. The Trustees are responsible lor keeping adequate a￿o￿nting records that disclose wÈth reasonable accurdcy at any lime the tinancial position of the Lharity aTJd enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking rcasonable steps for the prevention and detection of fraud and other irregularities. GOALBAI,L UK INDF.PENDENfAUDITOR'S REPORT TO THE TRUSTEES OF GOALBALL UK Opinion We have audited the financial statements of Goalball UK (the 'charity') for the year ended 31 March 2024 which conipri5e the statement of financial activities, the balancc Sheet and notes to the financial slalements: including significant accounting policies. Tl]e financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including Financial RetKTrrting Standard 102 The Financial Reporling Sitmdardopplicable in the UK artd Republic oj'lreland (Uniled Kingdom Generally Accepted Accounting Practice). In our Opinio￿ the financial slatemenls-. gÉve a lrne and lair view of the slate of the charitable company's affairs &5 al 31 March 2024 and of ils incoming resources and application of resourccs, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have bccn prepared in accordance with the requirements of the Companies Aci 2(￿6." the Charitieg and Tn￿lee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts {Scotland) Regulalion5 2006 (as arnended). Basis for opinion We Londucled our audit in accordance with Intemational Standards on Audtting (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fi]rther described in the Aiidilors responsEbililies for ihe aiidil of ihe financial sralements section of our report. We are independent of thc charity in accordance with the ethical requirements thal are relevant lo our audit of the fmancial staletnents in the UK, including the FRC'S Ethical Standar(L and we bave fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence ive have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going eoncern In auditing the financial statement& we have concluded thai the t￿￿tee$, use of the going concern basis of accounting in the prcparalioKk of the financial statemenls is approprialc. Based on the work we have perforn]ed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going concern for a period of at least Iwelvc months from when the financial statemen15 are authorised for issue. Our responsibilities and the responsibililies of the trnstees wilh tespecl to going concern are describcd in the relevant sections of Iht5 report. Other inforniation The Trustee8 are responsible for the other inforniation. The other inforniation comprises the inforn]ation included in Ihe annual report, oiher than thc financial statements and our audAIoT'S retM)rt thereon. Our opinion on the financial statements does not cover the other inforniation and we do not express any forni of a5sufdnce cOncl￿$10n thereon. Iti connection with our audit of the financial Statemen￿ our responsibility is to read the other infornialion an6 (as amended) and "Accounting dnd Reporting by Charities.. Siatement olReLommended Practice applicable to charities preparing their accounts in accordance with the FinaDcial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting pcriimls commencing from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has iaken advantage of the provisions in the SORP for ckwities applying FRS 102 Update Bulletin I not to prepare a Slalcment of Cash Flows. The financial statements are prepared in Sterling. which is the functional currency of the charity. MOTret￿ amounts in these financial statements are rounded to the nearest rK>und The financial ￿ateMents have been prepared under the historical cost convenlion. The principal accounting policies adopted are set out below. 1.2 Goitig eon¢¢rn At the litne of approviTtg the fmancial ￿atemen1S, the twstees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the fore5ecable future. '11)￿% the trustees continue lo adopt the going concern basis of accounting in preparing the financial stalements. IJ Chiritsbl¢ funds Unrestricted funds are available for use at the discretion of thc trustees in furtherdnce of their clwitable objectives. Restricted funds ar¢ subject to specific conditiODS by donors as to how they may be used. 1.4 Income Income is recognised when the charity is legally entitled to it after any perforniance coDdilioL% have been meL the amounts can be me&5urcd rcliably, and it is probable that income will ￿ received. Cash donations are recognised on receipt. Other d¢)nations are recognised once the charftty has been notrfied of ihe donatio￿ i￿lesS delivery conditions require defen￿ of the amount. Income l&x recoverable in relation to donations received under Gift Aid or deeds of covenant ts rewised at the time of the donalion. Legacies are recognised on recetpt or otherwise if the cbarity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not know￿ Ihe legacy is treated as a contingent asset. 1.5 Expendilure Liabilities are recognised as expenditure as soon as there is a legal or con$t￿ctive obligation committing the charity to that expenditure, it ts probable that settlement will be required and the amount of the obltgation can be measured Teliably. All expenditure is accounted for on an accwals basis. All ext￿￿ including support costs and governance costs are allocated or apportii)ned to the applicable expenditure headings. Governance costs coEnprise all costs involving the public accountsbility of the charity and ils compliance with regulation and good prnclice. These costs include costs related to statutory audit and legal fees. 14- GOALBALL UK NOTES TO THE FINANCIAL gfATEMENrs (cO￿TINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aecounting poliei¢s {Continued) 1.6 Tangible fixed x5sets Tangible fixed assets are initially measurcd al c051 and subsequentty measured at cost or valuation, Iiet of depreciation and any impairn)eni losses. Deprecialion is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Playing equipment Fixlures, fittings & office equipment 20Yo Strdight Line 20Vo- 33.330/0 Straight Line The gain or loss arising on the disEK)sal of an asset is detemiined as the ditTerence between the sale proceeds and the canying value of the asset. is recognised in the stalement ol fuwicial aclivili&s. 1.7 Impairment of fixed Assets At each reporting end dalc, Ihc Lharity reviews the carrying amounts of its langible assets to determine whether there is any indication thal those a5scls have suffered an impairnient loss. Ilany such indication exists. the recoverable amount of the asset is estimaled in order lo determine the exlent ofthe impairnient loss (if ¥ny)- 1.8 Stoeks Stocks ￿ slated at the lower of Lost and eslimaled selling price less costs to complele and sell. Cost comprises direct materials and, where applicable. dired laknur costs and those overheads that have bccn incurred in bringing the sloeks lo their present location and ¢ondilion. Iiems held for distribution at no or nominal consideration are measured the lower of replacement cost and cosl. Nel realisable value is ihe eslimalcd selling price less all estimated costs of completion and costs lo be incurred in marketing, selling and distribution. 1.9 Cash 8Dd casb equivalents Cash and cash equivalents include cash in hand. deposits held at ¢all with bank5, Other short-tenn liquid investment8 with original maturilies of ihree months or less and bank overdrafts. Bank overdrafts are shown within botrowiiig5 in curreiit liabilities. 1.10 Fitiancial iD5truments The Charity has elected lo apply the provisions of Section 11 'Basic Financial Inslnunents, and Section 12 '0ther Financial Instruments Issues. of FRS 102 10 all ofils fiDancial instnllnents. Financfftal instruments are recognised in the charity's balance sheet when the charity becomes party to the contraclual provisioTts of the instrument. Financial assets amd liabililics ore off5el. with the net amounts presented in the financial staiement8 when there is a legally enforceable right to set off the recognised amounts and there is an inlcnlion to settle on a nel basis or to realise the asset and settle the liability simultaneously. Bosicfiiiuiiciol assels Basic financial asse15, which include debiors and cash and bank balances: are initially measured at transaclion price including Iransaclion costs and are subsequently chtried at amortised cost using ihe effcclive intere.st meihod unless Ihc arrangement constitutes a fu)ancing Iransaclion. where the trdnsaction is measured al Ihc present value of the fviure receipls discountcd al a tnarkel rdte of interest. Financial assets classified as receivable withitl one year are not amortiscd. 15- GOALBALL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Tr"OR THE YEAR ENDED 31 IKARCH 2024 Aceounting Policies (Continued) Basicfillancial liabililies Basic financial liabtlities, including ￿ltorS and bank loans are initially recognised at lrnnsa¢tion price unless the arrangement constitutes a financtn8 transaction. where the debt instrumenl is measured at the present value of the future payments discounted at a market rate of interest. Financial liabililies classified as payable within one year are not amortised. Debt instrnments are subsequentty catTied al amortised cosL using the effective interest rdte method. Trade creditors are obligations lo pay for gcK)ds or services that have been acquired in the ordinary course of operations fron] suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trdde crediloTS are recognised initially al transaclion price and subsequently measured at amortised Cost using the effective inletest method. Derecogi•ilioH offiiiaiicial liohilili Financial liabilities are derecogTrised when ihe charity's contraclual obligations expire or are dischhtged or cancelled. 1.11 F.mployee benefits The ¢ost of any unused holiday entitlement is recognised in the PCTiod in which the employee's services are received. Tennination benefits are recognised immediately as an eX[￿llse when the charity is demonstrably committed to terniinate the employment of an employee or to provide iern]inalion bencfj 1.12 R¢¢irement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.13 fiund aceounting General funds mre unrestricted fimds which are avatlable for use at the discretion of ihe Irustees in ft￿herd￿¢e of ihe general objcclives of thc company and which have not been designed for any other purpose. Crideal atcoullting estimates and judgements In the application of the chaTity's accounting policies, Ihe tnjstees are required to ￿ake judgements, estimates and assuTDPtions aknuÉ the carying amount of &8sets and liabilities that are not readily apparenl from othcr sources. The esttmate5 and associated as5umplion5 are based on historical experience and other factors that are considered to be relevant. Actual resu115 may differ from these estimates. The eslitnales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling estimates are recognised in the period in which the estimate is revised where the revision affects only tI￿t periol or in the period of the revision and fvture periods where the revision affects both cutrenl and future perioSe5. 19- GOALBALL UK NOTES TO THE FtNANCIAL s'fAfEMENTS (CONTINUED) ri QR THE YEAR ENDED 31 MARCII 2024 12 Taugible fixed assets Hay1llgF￿￿r*S. fittings t4￿lpMent & offite Totsl Cost At l April 2023 15.436 9.802 25,238 At 31 March 2024 15,436 9,802 25,238 Depreeiation and impaArmenl At l April 2023 Depreciation charged in the year 15.436 5,282 1023 20,718 2,023 At 31 March 2024 15.436 7.305 22.741 Carrying amount At 31 March 2024 2,497 2,497 Al 31 March 2023 4,520 4,520 13 Stoeks 2024 2023 Finished goods and goods for resale 7,000 14 Debtors 2024 2023 Amounts falling due wifhiti okne year: Trade debtors Other debtors Prepayments and accrued income 11,891 50,210 9,102 4.632 35,670 7,708 71,203 48,010 IS Cr¢ditors: amounts falling due within one year 2024 2023 Trdde creditOTS Other crcdilors Accruals and deferred income 33.348 59,086 48,076 15,081 35.875 55,356 140,510 106,312 -20- GOALBALL UK NOTES TO THE FINANCIAL STATEMENTS (coNfINUED) FOR THE YEAR ENDED 31 hL4RCH 2024 16 Retirement benefit schemes 2024 2023 Defined eontribution sehemes ChaTgc lo prolil or10ss in respect ofdefincd conlribulion schcmes 9,806 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fi￿d. 17 Restrieted funds The restricted funds of the charity comprise the unexpended ba]an¢es of donations and ￿an1$ held on trust subject to specific conditions by donors as lo how ihey may be used. Al l AprAI 2023 Incoming resources Resou￿tS expended At31 Mareh 2024 3.9PA 3(M),698 (267,779) 36.903 Previous year: At l April 2022 Incoming resource5 Resources expended At 31 Mareh 2023 63,310 211,976 (271.302) 3,984 18 Unrestricted funds The unreslriclcd funds olihe Lharily comprise the unexpended balances ofdonations and grants whiLh are not Subject to SPeLific conditions by donors and grdntors as to how ihey may be used. These include designated funds which have been scl a5idc out of unrestricted funds by the trustees for specific purw)ses. At l April 2023 Incoming Resourets eipended At 31 Mllreh 2024 General fitnds 58,349 (pl?,086 (699,900) 535 Previou5 year. A¢ l April 2022 ID¢omiDg Resources expended At 31 March 2023 General fijnds 73,430 610.942 (626.023) 58,349 -21- GOALBALL UK NOTES TO TIIE FINANCIAL STATEMENTS (CONTINUED) FOR THE EIWED 31 MARCH 2024 19 Analysi5 of net assets between funds Unrestricted funds Restrirted funds 2024 Total 2024 2024 At 31 March 2(124: Tangible assets Current asset￿{lIabIlItle$) 2.497 (1.962) 2,497 34,941 36,903 535 36.903 37,438 Unrestricted funds 2023 Restrieted fun(Ls 2023 Totsl 2023 At 31 March 2023: langible assets Current assets/Oiabilities) 4,520 53.829 4,520 57,813 3,984 58,349 3,984 62,333 20 Operating lease collunitmenls Lessee Al the reporting end date the charlty had outstanding commitrnents for future minimum lease payments under non- cancellable operating I￿es, which fall due as follows: 2024 2023 Within one year 4,557