Charity registration numbgr 1155238 Company registration number 08715810 (England and Walesl NORTH YORKSHIRE SPORT LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NORTH YORKSHIRE SPORT LTD CONTENTS Page Legal and administrabve informalion Trustees. report ststement of trustees, responsibilities Independent audltor's roport Statement of financial activities 10-11 st81emenl of lin8ncial position 12 Statement of ca8h flows 13 Notes to the financial slalements 14-30 NORTH YORKSHIRE SPORT LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru8tees Tony Stephens Richard Carlton Crabtree Ichairl Halima Khan Liz Burdett Andy Dukes Simon Clegg Jack Matthews Rob Hurren (Appointed 18 May 20231 (Appointed 18 May 20231 (Appointed 18 May 20231 (Appointed 18 May 20231 Abigail Young Nichola Skedgel David McLean Chlef Executlvg & Key Management Personnel Mr D Watson Charity numbèr 1155238 Company number 08715810 Audltor Fortus Audit LLP Equinox House Clifton Park Shiplon Road York Y030 SPA Bankers Unity Trust Bank PIC Nine Brindley Place 4 Cozells Square Bimingham 812HB NORTH YORKSHIRE SPORT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial slalemenls for the year ended 31 March 2024. The financial ststemenls have been prepared in ac￿rdanCe with the accounting policies sel out in note 1 to the financial statements and comply with the charitable company'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 Ihe UK and Republic of Ireland published in October 2019" The legal and administrative information page forms part of this report. ObJe¢tlves and actlvltles The objects of North Yothshira Sport Limited as set out in the Articles of Association are.. lal lo advance amateur sport by 151 encouraging and enabling the residents of North Yorkshire and the Clly of York lo partScSpate In sports or games whSch promote health by involving physical or mental skill or exerts"on, 8nd lill the provision and promotion of activities or facilities for the playing of any sport cap8blè ol improving health., Ibl lo advance and further the education of the public in matters r818ling lo physical fitness, nulrilion, 8clive recrfration. and lifestyle. North Yorkshire Sport Limlled use8 Sport as 8 Drlver for Po8illve Change. Our mlssion Is.. To enable people lo use Movement, Aclivily, and Sport lo lulfil their potential and create positive change, and our vision is.. That York and North Yorkshire is a place where everyone enjoys moving more, leading to healthy and happy lives. We do this through 3 slral8gic go81s'. To contribute lo an improvement in the HEALTH AND WELLBEING of the citizens of York and North Yorkshire. To support the creation and maintenance ofACTIVE COMMUNITIESAND PLACES. To help CHILDREN, YOUNG PEOPLE. AND FAMILIES lo be safe. happy. healthy, and able lo achieve. DELIVERING PU8LIC BENEFIT The objects abova are the charitable aims of North Yorkshire Sport Limited and fall within the recognised descriptions of charitable purposes in the Charities Act 2011 namely the advancement ol health and the advancement ol amateur sport. All activities are intrinsically linked lo achieving these aims for the public b8neffc. Significant activi118s and achievements against targets can be found in the North Yorkshire Sport Impact Report 81.. hllps.'Ilwww.northyorkshiresport.co.ukJimpacl. In setting these objects the Board ol Trusl88s of North Yorkshire Sport Limited have complied with the duly to hav8 due regard lo the guidance on public benefit published by the Charities Commission in exercising their powers or dulles. Achlevements and performanGo Our work is driven through the 3 Strat8gic Goals and id8nilifiod groups that w8 direct our r8sourG8s towards in ordfjr lo tackl8 physical inactivity, drive positiv9 change and reduce inequ81ity. These priorities, Galegorised broadly as 'Place B88ed' and 'People Based,, are further defined when Sel In the context of physlcal Inacllvlty and wider societal challenges. Our organlzatlonal foundatlon$ underpln our work: North Yorkshirg Sport will not sgek growth. or indeed maintenance of Currenl structuros, lor its own sak9. Our approach will be lo ensure that we know when and where lo show collaborative Leadership, 8ngage in ¢(￿deSIgn, ¢ollaborale where possible and stsnd aside where appropriate. Whgrg market failures or opportuni119s lo reduce inaclivily gxisl, that we are best suited lo exploit. we will segk external resources lo deliver on this, either directly in lo North Yorf(shir8 Sport or lo other sections of the voluntary and community sector. We will do this by.. Having appropriate cash reserves within limits sel in our approved reserves policy Adhering to Tier 3 of the Code for Sports Governance Maintaining the Advanced Stsndard for Safeguarding and Protecting Children in Sport Having an up lo dale and reflective Diversity and Inclusion Action Plan Having high levels of Partner, participant and slaff satislaclion These strategic goals are designed lo guide our work, using sport and physical activity as a contributory factor to three of the main challenges facing the region,. namely obesity, poverty and an ageing population. NORTH YORKSHIRE SPORT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Creating Opportunities for Sustsined Participation OLJr business plan oullines the 3 Stralegic Goals and the overarching priorities of our work. Each Stralegic Goal is accompanied by a an annual action plan, focusing on specific demographics. Targeted Area8 North Yorkshire is a vast geographical area. covering rural, urban. and coastal communities. Whilst il is often viewed extemally as an affluent and healthy county, inequalilies do exist that we need to work collectively to address. Health inequ81ilies in North Yorkshire are usually consislenl wfch other ch8llenges, such as higher crime rates, unemployment, and low activity levels. Within our largeled work we focus on reducing hèalth inèqu81ilies in the arèas of highèst need, as identified by partners, local insight, and Indices of Deprivation data. Tha Groat Outdoors The natural environment and the great outd(x)rs arts a huge asset In North Yorkshlre and our second stral8glc goal alms lo usa the natural environment as a cetslysl for wider health improvements,. We know that th8 Outdoors can hav8 hugely positive effects on our health. with 92Yo of peopl8 r8POrt8dly getting active outside to relax and de-slress and 80010 of all ouldoor users feeling participation slrenglhens family relalionships. Chlldrèn and Young People Our third strategic goal is 'lo help children. young people and families lo be safe, happy . healthy and able to achieve and this requires a sport and physical activity offer that appeals to a broad range of young peopl8 if we are to r8duc8 inactivity. Work-Age Adults and Famllles Supporting adults lo be more physically active has many individual benefits, from improving mental and physical health, lo developing the softer skillsels that can positively impact employment opp)rtunilies. Families also play a key role in shaping 8 child's alliludes and behaviour8, 80 modelling positive behaviours is an importanl part of creating healthy. confidenl, active children. Oldor Peopl• In North Yorkshire, older peopl818g8d 65+1 make up 23.3Yo of th8 population, compared to just 17.7¥0 across England. Office of National Slalislics IONS) projections indicate that the number of over 65 's in North Yorkshire will rise to 169,000 127.6%) by 2025, making up almost a third of our population. Good Govornanc6 Und8rpinning all of our work is a Gommilmenl to slrenglh8n our organisational sustainability and maintain th8 princip188 of good gov9rnanc9 and industry stsndards. We are commltted lo malnlaln the Code of Good Governance standards and malnlaln a plan of contlnuous Improvement and development. The impact we have made against 8a¢h Priority area and Siralogi¢ Goal Can bo vigwgd and rgad about horo.. hllps'.11 www.northyorkshiresport.co.uklimpacl Fundralslng North Yorkshire Sport follows the Cod8 of Fundraising Practice Iwww.nysfundraising.co.ukl. During 2023124, North Yorkshire Sport received income through charitsble donations linked to sponsorship of events. We are pleased to report that no complaints were received during the year ended 31 sl March 2024. NORTH YORKSHIRE SPORT LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review We have generated £1,877,826 of income in the year and expended £1,796.972 on delivering our charitable objectives. This resulted in a net surplus for the year of £80,854. After transfers between funds this resulted in a surplus in unrestricted general funds of £32,238, 8 surplus in design8lad funds of £719 and 8 surplus of £47,897 in raslricled funds. Trustees were pleased with the overall result for the year. Reserves Pollcy Current free reserves stand at £458,251 12023.. £421,651>. The Truslges have agreed Ihal it is necessary to hold free resetves lo cover Ihe following wnlingencies.. 3 month8 runnlng costs Redundancy and other costs in the event of the charity winding up. Provide working capital where funding is paid in arrears Finance 9XlSting or new activrtles until ad9quale funding is oblain8d. Unforeseen repairs lo our building as w811 as ongoing planned commilm8nls The Trustees consider that a reserve 01 £100.000 in excess of those held over to cover contingencies that have been nominally allocated against the development ol Billon He211h and Wellbeing Hub. Prlnclpal Fundlng Sources Sport England is the key funder for the partnership. This year an amount of £484,050 was received for Primary Role with a number of projects highlighted benefilling from further Sport England funding. Auditors Fortus Audit LLP were appointed as the charitable company's auditor during the year ended 31 March following its acquisition of JWPCreers LLP. Structurol governanco and manag•mont North Yorkshire Sport Limited is a charitable company limited by guarantee, incorporated on 2 October 2013 and registered as a charity on 8 January 2014. The company was established undor a Memorandum of Association which established the objects and powers ol the charitable company and is governed under ils Articles of Association. In the event of the dissolution of the Charity, the Members are liable lo pay an amount not exceeding £1 towards the liabilities and eosls of dissolution. The process and procedure$ for the Members Gan be found in the ArtiGles ofAssocialion and Govemance document for the company. The Trustees of the Charity hav8 Control of the Charity and its property and funds. All Trustees are by virtue of Ih8ir appointment also Members ol the Charity and no other person olher than a Trustee may be admilled as a Member of the Charity. As al the 31 Mar¢h 2023, the subscribers to the Memorandum of Associallon were still the only Trustees. The Board can have a maximum of bmelve Tru51ees at any one tlme and as at 31 March 2023 was made up of seven members. Day to day responsibility lor the administration and provision of services is delegated lo the Chief Executive. During the year 2023124, Ihe Finan￿ Sub-commillee continued lo focus on the finan￿ and risk management of the whole Charity. During th8 year the Finance Sub-committee have revi8Wgd th8 Risk Manag8mgnt R8gisler on items that relate lo finance and k8pI a close eye on the finances of the Chsrily. With the Finance Sub-committee looking al these two areas al regular meetings it has allowed the main Board of Trustees lo focus in greater detail on other areas including the wtenlial growth of the Charity and measuring and demonstrating Impact. The Risk Register is reviewed by the whole Board of Trustees on an annual basis and any items requiring action are highlighted al Board meelings. During the year 2023124. th8 Human Resource subcommittee has provided advice and guidance on stsff related issu8s. This has in¢luded reviewing appraisals, making remuneration recommendation lo the Board and review of policies and procedures relating lo staff. Similarfy, to the Finance Sub-commtttee. this has allowed the main Board to have confidence that staffing issues are being considered regularfy by Trustees. hltps'.Ilwww.northyorkshiresport.co.uklroles-and-responsibilities hllps'.Ilwww.northyorkshiresport.co.uklmeellhelruslees ## **NORTH YORKSHIRE SPORT LTD** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## Auditor In accordance with the company's articles, a resolution proposing that Fortus North Limited be reappointed as auditor of the company will be put at a General Meeting. ## **Disclosure of information to auditor** 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 taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees' report was approved by the Board of Trustees. Richard Carlton Crabtree (chair) Trustee **Date· ............................................ .** .s IQ< zcz_f - 5 - NORTH YORKSHIRE SPORT LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors of North Yorkshire Sport Ltd for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards Iunited Kingdom Generally AC￿pted Accounbng Practicel- Company Law requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the stste of affairs of the Charitable Company and of the incoming ￿sourceS and application of resourees, including the income and expenditure, of the charitable company for that year. In preparing Ihese financial statemenis, Ihe Irustees are required to.. select suitable accounting policies and then Spply them consislenlly., observe the methods and principles in the Charities SORP.. make judgements and eslimates that are reasonable and prudenl., stste whether appllcable UK Accounting Standards hav8 been followed, sublact lo any malerlal dapartur8s dlsclosed and explalned In the linencial slalemenls., and prepare th8 financial slal8ments on the going concern basis unless it is inappropriats to presume that the charitabl8 company will continue in operation. Tho trustees are responslble for ketplng 8dequalo accountlng records that dl8clo8e wlth reasonabl8 accuracy at any tlma th8 flnanclal position ol the charitable company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the ch?rilable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitl8S. NORTH YORKSHIRE SPORT LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH YORKSHIRE SPORT LTD Opinion We have audited the financial statements of North Yorkshire Sport Ltd (the 'charitable company I for the year ended 31 March 2024 which comprise the slalemenl of financial activities, the slalement of financial tx)silion. the statement ol cash flows and notes to the financial statements, including significant accounting policies. The financial reporting frameworf( that has been applied in Iheir preparation is applicable 18W 8nd United Kingdom Accounting Standards, including Financial Reporting St8nd8rd 102 The Financial Reporting Standard pplicabl8 in the UK 8nd Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slalements= give a true and fair view ol the stsle of the charitable company's affairs as al 31 March 2024 and of ils incoming resources and application of resources, including its incom& and 8XP8ndilur8, for the year than ended; h8ve been properly prepared in 8ccord8nce with United Kingdom Generally Accepted Accounting Practice., 8nd have been prepared in 8ceordanee with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audll In accordance wllh Inltsrnalional Standards on Audillng IUKI IISAS IUKII and appllcable law. Our respon8ibililles under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our repx)rt. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our eudil ol the financial stslemenls in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities in a¢¢ordan¢e with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Con¢luslons relatlng to golng con¢orn In auditing the financial slalemenls, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial stat8ments is appropriat8. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that. individually or collectively, may cast significant doubl on the charitable company s ability lo continue as a going concern for a period ol at least twelve months from when the financial statements are aulhorised lor issue. Our responsibilities and the responsibilities of the Iruslees with respect to going concern are described in the relevant sections of this r8POrt. Other Informatlon The other inform81ion comprises the information included in the 8nnu81 report other than the fin8nci81 st81emenls and our 8udilorfs report Ihereon. The Iruslees 8re responsible lor Ihe other information coniained wilhin the annual report. Our opinion on the financi81 slalemenls does not cover the other information and, except lo the exlenl otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledg8 obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparenl material misslatemenls, we are required lo determine whether this gives rise 10 a material misstalemenl in the financial slalemenls Ihemselvtss. If, based on the work we hav8 performed, we concludè that there is a material misslalemenl of this other information, we are required lo report that lacl. W& havg nothing lo report in Ihis rggard. Opinions on othor mattèrs proscribod by tho Cornpani88 Act 2006 In our opinion, based on the work undertaken in the course ol our audit.. the information given in the Iruslees, report lor the financial year for which the financial statements are prepared, which inGludes thg directors. report pr8pargd for thg purposes of company law, is consistgnl with tha financial statements,. and th9 directors. report included within the truslges. report has been prepared in a¢¢ordan¢g Wlth appli¢ablg legal r9quiremenls. NORTH YORKSHIRE SPORT LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF NORTH YORKSHIRE SPORT LTD Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and ils environment obtained in the course of the audit. we have not identified material misstatements in the directors. report included within the Iruslees. report. We have nothing lo report in respect of the following mallers in relation to which the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require lor our audil., or the trustees were not enlilled lo prepare the financial statements in accordance with the small companies regime and lake advantag8 of the small compani8S' 8xemplions In preparing tha trustses, r8Wrt and from thè r8quir8m8nt lo preparè a slratsgic rèport. Responslbllltles of trustets As explained more fully in the slalem8nl of trustees, responsibilllies, the trustees, who are also the dlreclors of the charitsble company for the purpose ol company law. are responsible for the preparation ol thè financi£l stalemènls and for being satisfied that they give a true and fair view, and for such inlemal control as the trustees determine is necessary to enable the preparation of financial stslements Ihat are freg from material misslalement. whether due lo fraud or error. In preparing th8 financial ststemenls, Ihe trusle8s arg r8sponsible for assessing the charitable company's ability lo conlinue as a going concern, disclosing, as applicable, mallers rg18ted lo going concern and using the going concem bas15 of aGcounling unless the Iruslees either intend lo liquidate the charitable company or to Gease operations, or have no realistic alternative but lo do so. Auditorfs r08pon8ibiliti08 for tho audit of tha financial 8tatoment8 Our objectives are lo obtain reasonable assurance about whether the financial slatemenl8 as a whole are free from material misslatemenl, whether due lo fraud or error. and lo issue an auditor's repori that includes our opinion. Reasonable assurance is a high 18vel of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect 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 exp8cled lo influence the economic decisions of users taken on the basis ol these financial slalemgnls. 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 d8lecling irregularities, including fraud is d8lailed b810w'. We obtained an understanding of the lagal and regulatory frameworks that are applicable lo the charitable company and determined that the most significant frameworks which are directly relevant lo specific assertions in the financial slalemenls are those that relate lo the r8POrting framework IUK GAAP and the Companles Act 20061 and the relevant lax compliance regulatlons In the UK. We understood how the Charitable ¢ompany is wmplying with those frameworks by making enquiries of management and those r@s￿nsible for legal and complianc8 procedur8s. Vve Gorroborated our 8nquiri85 through r8vi8w of board minutes and discussions with those charged with governance. We 8sse8sed the susceptlblllly of the ch8rhable company's financl81 slalements to malerlal ml8slalement, Includlng how fraud mlghl oecur, by discussion with management from various parts of the business lo understand where they considered there was a susceplibilily to fraud. We considered the procedures and wntrols that the charitable ¢ompany has established lo prevent and dele¢l fraud, and how IhgS8 are monitored by management. and also any gnhan¢ed risk factors such as performance targets. Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations idenlifSed Sn the paragraphs above. We also performed audit work over the risk of management override of controls, including testing ol joumal entries and other adjustments for approprialengss, evaluating Ihg busingss rationale of significant transactions outside the normal ¢oursg of business and r8vigwing accounting estimates for bias. A further description of our responsibilities is available on the Financial Reporting Council's website at.. hllps'.Ilwww.Irc.org.ukl 8uditorsresponsibiltti8s. This description forms part of our auditorfs report. Use of our roport This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 01 Part 16 of the Companies Acl 2006. Our audit work has been und8rtaken so Ihal we might sial8 to Ihe chariiable company's mgmbers those mallers we are required lo stste lo them in an auditor's report and for no other purpose. To the fullest exlenl pemiitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as 8 body, for our audit work, for this report, or for the opinions we have formed. ## **NORTH YORKSHIRE SPORT LTD** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE MEMBERS OF NORTH YORKSHIRE SPORT LTD** **Frances Howard FCA (Senior Statutory Auditor) for and on behalf of fortus Audit LLP** **Chartered Accountants Statutory Auditor** Equinox House Clifton Park Shipton Road York YO305PA - 9 - NORTH YORKSHIRE SPORT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestrlcted Unrestrlctod funds funds general deslgnated 2024 2024 Rostrlctsd funds Total Total 2024 2024 2023 Notes Income from: Donations and18g8CI8S Chsrilable activities 578 549,946 29,887 4,108 1831 4,686 1,843,253 29,887 6,576 1,689,839 10,017 1,293,390 Investments Total incomè 580,411 4,025 1,293,390 1.877.826 1,706,432 ondStur Charitable activities 573.865 3,306 1,219,801 1.796.972 1,605,858 Net Income before transfers 6,546 719 73,S89 80,854 100,574 Gross transfers between funds 25,692 125,6921 Net Income for the yearl Net movement In funds 32.238 719 47,897 80.854 100,574 Fund balances 811 April 2023 444,551 115,312 383,303 943,166 842,592 Fund balanc68 at 31 March 2024 476.789 116,031 431,200 1.024.020 943,166 The ststemenl of ￿nancIal aclivitles Includ8s all gains and Ioss8s recognised In th8 year. All Sncome and expendlture derlve from contSnuing actlvlles. The statement ol financial activities also compli85 with th8 requirements lor on incom8 and expfjnditure account under the Companies Act 2006. 10- NORTH YORKSHIRE SPORT LTD STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestrlctod Unrostrlctsd funds funds general deslgnated 2023 2023 Restrlcted funds Total 2023 2023 Notes Income from: Donations and18g8CI8S Chsrilable activities 6,576 6,576 1,689,839 10,017 542,281 10,017 1,147,558 Investments Total incomè 552,298 6,576 1.147.558 1,706,432 ondStur Charitable activities 447,348 3,327 1.155.183 1,605,858 Net Income before translers 104,950 3,249 17,6251 100,574 Gross transfers between funds 131,4861 so,000 118,5141 Net incoma for the yearl Nel movgmgnl in funds 73,464 53,249 126,1391 100,574 Fund balances at 1 April 2022 371,087 62,063 409.442 842.592 Fund balances at 31 March 2023 444,551 115,312 383.303 943,166 11 ## **NORTH YORKSHIRE SPORT LTD** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 MARCH 2024**_ |||||**2024**||**2023**|| |---|---|---|---|---|---|---|---| |||**Notes**|£||£|£|£| |**Fixed assets**|||||||| |Tangible assets||**12**|||18,538||22,900| |**Current assets**|||||||| |Debtors||**13**|133,056|||172,123|| |Cash at bank and in hand|||991,636|991,636||917,455|| ||||1,124,692|1,124,692||1,089,578|| |**Creditors: amounts falling due within one year**||**14**|(119,210)|||(169,312)|| |Net current assets|||||1,005,482||920,266| |**Total assets less current liabilities**|||||1,024,020||943,166| |**Income funds**|||||||| |Restricted funds||**16**|||431,200||383,303| |Unrestricted funds -|designated|**17**|||116,031||115,312| |Unrestricted funds -|general||||476,789||444,551| ||||||1,024,020||943,166| |The financial statements were approved by the Trustees on .|||.......... .
L2, OZ..'-/-||||| ||e (chair)
_-A/-<----_||||||| |**Trustee**|||||||| ## **Company registration number 08715810** - 12 - NORTH YORKSHIRE SPORT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from opèrating activitiès Cash generated from operations 23 44,294 69,814 Investlng a¢tlvltles Investment incom8 rec8ivad 29,887 10,017 Net cash gtnerattd from Invtstlng actlvltles 29,887 10,017 Net cash usod In flnan¢lng actlvltl•s Net Increase In cash and cash •qulvalents 74,181 79,831 Cash and cash equivalents 81 beginning ol year 917,455 837,624 Cash and cash •qulvalonts at and of y￿r 991,636 917,455 13- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policiès Charlty Informatlon North Yorkshira Sport Ltd is a privale company limited by guarantee incorporated in England and Wales. The registered office is stsled in the Trustees, Report. Accountlng conventlon The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006 and 'A¢counling and RetM)rting by Charities.. Ststemenl of R8commended Practi¢8 appli¢abl8 to ¢hariti8s preparing their 8¢counls in accordance with th& Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019".The charitable company is a Public Benefit Entity as defined by FRS 102. The financial ststements 8ra prepared in sterling, which is the functional currency of the charitsble company. The fSnancial statements have been prep8red under the hSslorical cost convenlSon, modSfied to include certaSn items al fair value. Thè principal aecounling policies adopted are set out below. 1.2 Golng Concern Al the Ilme of approvlng Ihe flnanclal slal8menls, Ihe InJ8lees hav8 a r88sonable expectallon that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees contlnut lo adopt the golng concern basis of accounling in preparing the financial statements. 1.3 Charltable funds Unreslricled funds are available for use al the discretion of the Iruslees in furtherance of their charitable objectives. Designated funds comprise funds which have been s81 asid8 at the discretion of the Iruste8s for specific purposes. The purposes and uses ol the designated funds are sel out in the notes lo the financial slalemenls. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the fin8nci81 slalemenls. Income Income is recognised when the charitable company is legally entitled to it aft8r any p8rfomianc8 conditions hav8 b88n met, the amounts can be measLJred reliably, and it is probable that income will be re￿ived. In-kind donations are only included in income where the benefit lo the Charity is reasonably quantifiable, measurable and material. The value placed on Ih8se r8sourc8S is the estimated value to the Charity ol th8 service or laGilily reG8iv8d. 1.3 Exp•nditur• Expenditure is recognised on an accruals basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is included as part of the expenditure to whiGh il relates. Charitable gxpgnditurg comprises those ¢osls incurred by the Charity in the delivery of ils activities and services for its beneficiarie5.11 includes both the direGt C05t5 and support costs relating 10 Such aclivilies. Governance costs include those costs associated with meeting the conslilulional and slalulory requirernenis of the Charity and inclLJde its audit lees and costs linked to the strategic management of the Charity. Support costs include central functions and have been allocated lo activity cost categories on a basis consistent with the us8 of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valu8tion, net of depreciation and any impairment losses. Depreciation is r8cognised so as lo write off the cosl or valualion of asseis less their residual values over Ihgir useful lives on Ihe following bases.. Modular building 10.10 Straighl line 14- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continuod) The gain or loss arising on the disposal ol an asset is determined as the difference beb￿een the sale prO￿ed$ and the carrying value of the asset, and is recognised in the slalemenl of financial aclivilias. Individual assets consisting £5,000 or more are c2Pitalised at cost. 1.7 Impaim)•nt of fixed assets Al each reporting tsnd date, the charitsble company reviews the carrying amounts of ils tangible 8ssets to dètermine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash tquival•nt8 Cash and eash èquivÉlenls include eash in hand, deposits held al call with banks. othèr short-lerm liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in Gurrent liabilities. 1.9 Flnanclal Instruments Thè ch£rllable company has eleded lo apply the provlsions of Secllon 11 'Basle Flnan¢lal Instruments, and Sedlon 12 '01h8r Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company b8com8s party to the conlr8clual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial slalemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intention lo setlle on a nel basis or lo realise the asset and sellle the liability simultsngously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are measured al Iransaclion price including transaction costs. Baslc Ilnanclal Ilabllltlgs Basic financial liabilities, including creditors and bank loans are recognised at Iransaclion price. Trade creditors 8re obligations lo pay for goods or $8rvices that have been acquired In the ordlnary course of operations from suppliers. Amounts payable are classified as current liabilities il payment is due within one year or less. 11 not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. D•r8cognilion of finan¢i81 li8biliti•s Financial liabilities are dereeognised when the charitsble company's contractual obligations expire or are discharged or cancelled. 1.10 Taxatlon As a registered charlty the oryanlsallon Is exempt from Income and corporallon tsx falllng wllhln sectlon 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the exlenl that its income and gains are applied towards the haritable objecls of the Charity and for no other purpose. 1.11 Company Status The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limiled lo £1 per member of the charity. Critical accounting estimates and judgements In the application of the Charitable company's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 15- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and18gacies Unrestrlcted Unrestrlcted funds funds general deslgnated 2024 2024 Total Unrestrlcted funds deslgnated 2023 2024 Donations and gifts 578 4,108 4,686 6,576 Charltable actlvltles Corè Sèrvicè# Childrèn and Activè young people Gommunities 2024 2024 Hèalth and wellb&lng 2024 Total 2024 Total 2023 2024 Sport Eng18nd ISysl8m partner inveslmenll LA Contributions Other grants Training, events & coaching fees Room hire Grants Service fee 484,050 25,000 138,217 484,050 25,000 138,217 470,550 35,000 110,462 7,428 25,631 7,428 25,631 1,162,927 13,130 23,601 1,017,537 19,559 593,608 352,824 216,495 680.326 593.608 352,824 216.495 1,843,253 1,689,839 Analysls by fund Unreslricled funds- general Unreslricl8d funds- designated Restricted funds 549,946 $49,946 542,281 1831 130,483 1831 1,293,390 593,608 352,824 216,495 1,147,558 680,326 593,608 352,824 216,495 1,843,253 1,689,839 16- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activitios {Continuod) For the year onded 31 March 2023 Core Services Children and Active young people communities Health and wellbeing Total 2023 Sport Eng18nd Isyslem partner inveslmènll LA Contributions 470,550 35,000 110,462 13,130 23,601 470,550 35,000 110,462 13,130 23,601 1,017,537 19,559 Othèr grants Training, events & coaching fees Room hire Grants 596,446 204,322 19,559 216,769 Sorvi¢g feo 652,743 596,446 223,881 216,769 1,689,839 Analysis by fund Unreslricled funds- general Reslricled funds 542,281 110,462 $42,281 1,147,558 596,446 223,881 216,769 652,743 596,446 223,881 216,769 1,689,839 Investments Unra8trictad Unra8trictad fund8 fund8 gèneral gènéral 2024 2023 Interest recelv8ble 29,887 10,017 17- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activitiès Core Setvlces Chlldren and Actlve young people ¢ommunltles 2024 2024 Health and wellbttlng 2024 Total 2024 Total 2023 2024 Stsff costs Dir8¢1 costs 587,163 9,440 186,133 314,811 111,230 218,344 63,112 140,304 947,638 682,899 729,153 702,081 596,603 500,944 329,574 203,416 1,630,537 1,431,234 Sharo of support Gosts Isee note 81 Share of governance costs Isee note 81 106,242 42,236 10,784 2,218 161,480 170,404 4,955 4,955 4,220 707,800 543,180 340,358 205,634 1,796,972 1,605,858 Analysls by fund Unrestricted funds- gener81 Unrestricted funds - designated Reslricled funds S73,86S S73.86S 447.348 3,306 130,629 3,306 1,219,801 3,327 1,155,183 543,180 340,358 205,634 707,800 543,180 340,358 205,634 1,796,972 1,605,858 For the year ended 31 March 2023 Core Servlceg Chlldren and Actlve young people communltles Health and wallb&lng Total 2023 Stsff co$1$ Direct Ggsls 476,083 5,996 132,274 408,471 59,277 176,289 61,519 111,325 729,153 702,081 482,079 $40,745 235,566 172,844 1,431,234 Share of suptx)rt costs Isee note 81 Share of governance costs (see note 81 72,802 1.803 69,869 1,731 16,755 414 10,978 272 170,404 4,220 556.684 612,345 252,735 184,094 1,605,858 Analysis by fund Unrestricted funds- general Unrestricted funds- designated Restricted funds 447,348 3,327 106,009 447,348 3,327 1,155,183 612,345 252,735 184,094 556,684 612,345 252,735 184,094 1,605,858 18- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activitiès {Continued} Unrestrlcted funds 2024 Restrlcted funds 2024 2024 Unrestrlcted funds 2023 Restrlcted funds 2023 2023 Stsffing cost Travel & expenses Delivery costs Premises costs General admin 8xpenses Governance 470,022 18,707 25,476 37,524 20,487 4,955 488,153 10,441 657,175 1,710 62,322 958,175 29,148 682,651 39,234 82,809 4,955 391,208 5,887 11,423 17,035 23,319 1,803 387,412 17,130 690,870 22,838 34,516 2,417 778,620 23,017 702,293 39,873 57,835 4,220 577.171 1.219.801 1,796,972 450,675 1.1S5.183 1,605,858 Support co$t$ Support ¢08ts Govarnanco costs 2024 Support costs Govornance costs 2023 Stsff costs Deprecialion Premises 10,537 4,362 37,525 38,830 10,537 4,362 37,525 38,830 49,467 4,362 35.511 23,149 49,467 4,362 35,511 23,149 Telecoms and IT Insurance and other financial costs 29.681 1.531 20.817 18.197 29,681 1,531 20,817 18,197 25.172 1.851 13.183 17.709 25,172 1.851 13,183 17,709 Other office costs Travel & 8XP8nses D81iv8ry costs Governance and audit 4,955 4,955 4,220 4,220 161.480 4,955 166,435 170,404 4,220 174,624 Analysod bgtwggn Charitable activi118S 161.480 4,955 166,435 170.404 4.220 174.624 Auditorfs romungration Fees payable to the charitable company's auditor and associates: 2024 2023 Audit of the charitable company's annual accounts 4,320 4,000 19- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Trusteès Neilher the Trustee Board nor any persons connect with Ihem received any remuneralion during the year, or in the previous year. No trustee was reimbursed expenses in this year or the previous year. No trustee or other person related to the Charity had any personal interest in any contract or transaction entered into by the Charily during the year, or in Ihe previous year. 11 Employees The average monthly number of employees during the year was.. 2024 2023 Number Number Calculated on the basis ol full-lime aquivalents Actual numbers 23 20 27 29 Employment costs 2024 2023 Wages and salaries Social security costs Pension costs 811,261 73,028 60,676 13,210 631,289 54,227 55,417 37,687 Secondmenls 958,175 778,620 Pension conlribulion8 are paid into 8 defined contribution scheme. Accrued contributions due 8131 M8rch 2024 lolalled £8,894 12023.. £7,339). The number of employees whose annual remuner8tlon was more than £60,000 Is as follows.. 2024 2023 Numb8r Numb8r £60,000 to £69,999 £90,000 10 £99,999 Total key managgment remuneration for the ygar was £212,02412023'. £87,776). -20- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible fixed assets Modular building Cost Al 1 April 2023 43,620 Al 31 March 2024 43,620 Depreclation and Impaimient At 1 April 2023 Depreciation charged in the year 20,720 4,362 Al 31 Mar¢h 2024 25,082 Carrylng amount Al 31 March 2024 18,538 Al 31 March 2023 22,900 13 D•btor8 2024 2023 Amounts falling duo within one year: Tr8de debtors 67,207 65,849 137,963 34,160 Prep8ym8nls and accrued income 133,056 172,123 14 Credltors: amounts falllng due wlthln one year 2024 2023 Notes Taxation and social sgcurily Deferred incomg Trade creditors 27,095 25,000 42,377 24,738 20,953 66,456 52,086 29,817 15 Accruals 119,210 169,312 15 Deferrod income 2024 2023 Other deferred income 25,000 66,456 Deferred income is included in the financial ststemenls as follows.. -21 NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Deferred income {Continuod) 2024 2023 Deferred income is included within.. Current liabilities 25,000 66,456 Movem8nls in the year.. Daferred incom8 al 1 April 2023 Released from previous periods Resources deftsrred in the year 66,456 166,4561 25,000 66,456 Deferred income al 31 March 2024 25,000 66,456 Deferred income relales lo granis received relaling lo Ihe year ended 31 March 2024. -22- NORTH YORKSHIRE SPORT LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Rostrictod funds The income funds of Ihe charity include reslricled funds comprising Ihe following unexpended balances of donations and granis held on trust for sp8cific purposes.. Movement In funds Income Exp$ndlture Balanc$ at 1 Aprll 2023 Transfers Balanc¥ at 31 March 2024 Core Strrflces ASA Childrèn and young paoplè Satellite Clubs School Games A¢hieve TEWV Dame Kelly Holmes Get on Track Programmes Change Direction AGIIvg Lives Survey Holiday Aclivily Fund OSF Richmondshire achi8v8 40,336 127,463 1130,6291 37,170 3,125 18,370 1,487 25,283 60,196 3,12S 17,05S 45,000 146,0521 11,7501 12631 263 11,6161 118,6931 23,667 70,250 50,000 12,450 222,000 27,350 1,000 121,2531 112,4501 1230,7311 127,3501 1501 11,2261 122,8251 148,9081 14501 165,5171 16,8661 14,4401 133,5811 50,375 8,400 50,044 50 1,000 School Games CWG 1,226 5,907 10.215 9.063 5,850 5,250 School Games Coordinator Slepping Up Autism Respite Woodsmilh Project Achieve Grant Iyork CVS) Selby refugee Afghan Refugee Active Stsrt York CYP 27,902 20,000 12,0001 18,693 8,984 8,613 5,683 73,750 18,4001 1,616 12,4001 110,6561 9,700 51,456 20,000 20,000 13.000 2,860 16,685 8,899 18,470 1.100 9,466 11,5301 17.1001 Allerton Court 14.8001 Actlve communltles Hambleton DC Club Mallers 1,014 1,263 1,014 1,263 Aclivg Forest Coaching Worf