Registered number: 08623233
Charity number: 1155522
THE SPORTS TRUST
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

THE SPORTS TRUST
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees, report
Impact Report
Independent auditors, report on the financial statements
Consolidated statement of financial activities
10-18
38-41
42
Consolidated balan￿ sheet
43-44
Charity balance sheet
Consolidated statement of cash flows
45-46
47
Notes to the financial statements
48-76

THE SPORTS TRUST
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
Damian Collins
Sophie Downey
stephen Hughes
Roisin Mackenzie (appointed 13 February 2026)
Gregory Timmins lappoinled 13 February 2026)
Briony Walsh lappointedl
Rachel Long
Zoe Marie Camp (resigned 31 October 20251
Paul Camey {resigned 7 October 20251
Mark Greenwood (resigned 31 October 2025}
Jenny Jordan (appointed 1 January 2025, resigned 18 July 20251
Viscount Jacob Folkestone (appointed 1 January 20251
Louisa Eede
Company registered
number
08623233
Charity
number
registered
1155522
Registered office
Three Hills Sports Park
Cheriton Road
Folkeslone
Kent
CT19 5JU
Chief executive officer D Hulme
Independent auditors RPG Crouch Chapman LLP
Chartered Accountants
40 Gracechurch Street
London
EC3V OBT
Page 1

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees have pleasure in presenting their report and the audiled consolidated financial
statements of The Sports Trust and its trading subsidiary, The Sports Trust Trading Limited, {'the
Group } for the year ended 31 August 2025.
The annual report serves the purposes of both a Trustees, report and a Directors, report under
company law. The Trustees confirm that the annual report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Charities SORP IFRS 102).
About The Sports Trust
The Sports Trust is a community-focused organisation dedicated to increasing participation in sport
and physical activity in South East England. We operate multiple sports facilities and deliver
programmes to schools, clubs, and the wider community. Our goal is to remove barriers to sport and
create opportunities for all ages and abilities to engage in lifelong physical activity. The charity
dismantles barriers to sports participation. Our work with diverse communities creates accessible and
engaging opportunities
promoting our fim belief that sport and physical activity are essential
components of a healthy and united society.
TST works in partnership with around 50 local schools, over 60 sports clubs and multiple
stakeholders including Kent County Council and Folkestone and Hythe District Council along with
national goveming bodies. The Roger De Haan Charitable Trust I'RDHCT,) provided funding to act
as a catalyst for the co-operation between schools and sports clubs. Participating schools commit to
provide a full and regular programme of organised sport to their pupils and to regularly enter school
teams in local inter-school matches.
OBJECTIVES AND ACTIVITIES
Mission
Our vision is to make sport and physical activity possible for everyone in our community. Our mission
is to work in partnership with schools, clubs and community groups to provide the best sporting
opportunities for everyone in the community, from beginners to elite athletes.
Page 2

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Principal objectives
The object of the Charity as set out in its Articles of Association is the promotion of community
participation in healthy recreation for the benefit of the inhabitants of the district of Folkestone and
Hythe by assisting in the provision of facilities and other seNices that will enable them to participate in
amateur sport and physical activity.
The objectives are as follows..
To significantly improve the number of local people, both adults and children, that regularfy
participate in sport,
To encourage "not for profit" sports clubs to develop sports facilities that meet the needs of the local
community.,
To encourage local schools and "not for profit sports clubs to support their talented sportsmen and
women.,
To create a partnership be￿een the district's "not for profit" sports clubs and local primary and
secondary schools in order that they share coaching, training, facilities and other resources.,
• To have all primary and secondary schools in the district committed to offering a full and regular
programme of organised sport and committing school sports teams to compete in local inter-school
matches.,
To encourage the district's "not for profit" sports clubs to better meet the needs of the local
community and, as a result, increase club membership.,
To develop, over time, a model for the development of sport in the district that will appeal to the
various agencieslbodies that fund sport.
To develop and operate excellent sporting facilities.
The organisation seeks lo do this by..
Expanding Inclusive Community Programmes We will increase participation in sport through school
partnerships, holiday camps, and targeted outreach. Our programmes will be designed to be ensure
there is provision and accessibility for all ages and abilities, ensuring diverse and equitable
participation.
Enhancing Facilities & Infrastructure We will invest in well-maintained, future-proofed venues that
provide high-quality, safe, and accessible sporting opportunities. This includes upgrading existing
facilities, implementing energyefficient solutions, and expanding sports access through innovative
partnerships.
Building a Strong People & Culture
We will Greate an empowering and inclusive workplace,
ensuring employees, volunteers, and partners thrive in delivering our mission. Through ongoing
professional development, leadership training, and clear governance structures, we will foster a
positive culture of collaboration and impact.
Embedding Environmental Responsibility Sustainability will be at the heart of our operations. We
will aim for carbon neutrality, reduced resource consumption, and actively engage in communily-led
conservation efforts, ensuring that our facilities and programmes contribute positively to the
environment.
Achieving Financial Resilience
We will strengthen our funding models and diversifying revenue
streams, establishing long-term partnerships, and improving operational efficiency. By reducing
reliance on one-off funding sources, we will create a financially sustainable future thal enables
ongoing investment in our community programmes and facilities.
Page 3

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Community - To encourage people of all ages to create and develop a life-long love of sport
and physical activity no matter what their motivation may be.
We are well established within the Folkestone and Hylhe District as the provider for community
sports. All (35 primary, 16 secondary (including Ashford schools) and 3 special education needs)
local schools and 45 clubs are engaged with the Trust, we run district-wide holiday camps with over
5,000 spaces and we run three sports facilities. Our aim is to continue to strengthen these projects
and identify opportunities to grow.
People
To be an exceptional employer and to cultivate a supportive and uplifting
envimnment, fostering a positive culture of continuous improvement where everyone feels
valued, empowered, and motivated to contribute to our mission.
We currently employ around forty staff lit varies with seasonal staff at the facilities). We have a good
culture that has been embedded and helped by the addition of our people team and regular
management training. 11 is our aim to conlinue lo grow this team and ensure our values, especially
those of kindness, fun and equality are lived throughout the organisation. This will be achieved
through good recruitment, training and support and will be reviewed through our annual staff
satisfaction survey.
Facilities- To transform our facilities and increase our sporting offer so that our communities
can enjoy sport and physical activity in a safe environment.
We operate three facilities in the Folkestone and Hythe District, F51 (the world's first multi storey
skatepark, including a boxing gym and climbing facility), Three Hills Sports Park la ￿ntre of
excellen￿ for cricket, hockey and alhlelics and includes football and netball facilities) and Folkeslone
Sea Sports Centre (which offers lessons and hire craft for kayaking, paddle boarding and other water
based activity).
These facilities are crucial to delivery of our sports programmes and our overall goal. We must keep
them up to a very high standard and make provision for longer term maintenance and renewal. By
cenlralising the maintenance and H&S plan and combining this with regular customer feedback we
intend to improve the customer experience and reduce costs. We are also keen to explore the
addition of further facilities that could help deliver our overall goals.
Environment - To be environmentslly sustainable and to achieve a zero-carbon ft>otprint and
integrate authentic green initiatives throughout the oryanisation.
Whilst we are a sports charity and this remains our key focus, we are also committed to contribute to
our role in the world and ensure our actions have minimal negative impact on our environment. We
have various initiatives under way, e.g. recycling at our facilities, use of grey water and our current
solar provision alongside the beginning of cOnse￿ation work alongside the sea sports, however we
would like to do much more. To achieve this, we see reducing energy usage as a major first step and
need to undertake energy assessments and implement a major solar project to reduce our reliance
on carbon fuels (and in turn reduce our utility costs). We would also like to use our role as a
community wide organisation to drive positive change and educate on conservation topics.
Page 4

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Finance - To be financially sustainable by developing a long-term financial plan thmugh a
diverse and balanced mix of corporate and charitable partnerships and programmes that align
with our values.
For us to be able to achieve any of our objectives, we must be run sustainably. We have gone
through major growth over the last few years as F51 has been finished and further integration in
managing and operating Three Hills has meant the Trust has transitioned from a schools, sports
Trust to a major facility operator with a turnover of £2m+ Financial support has had to scale up as
well to provide accurate reporting and support further investment and growth. Key appointments at
the facilities will drive increased revenue whilst a fundraising strategy is in place to deliver ambitious
targets to support our projects.
ACHIEVEMENTS AND PERFORMANCE
We share our impact report as part of this Trustees Report outlining our achievements and
performance this year.
FINANCIAL REVIEW
The Group generated a deficit for the year of £79,025 {2024.'112,8561 and held cash balances of
£179,23612024'. £79,549).
The trustees would like to place on record appreciation of our patron Sir Roger De Haan and the
Roger De Haan Charitable Trust who has over the years contributed considerable money towards the
set up and operation of the charily, the significant investment in F51 and more re￿ntlY enabling the
purchase ofthe Folkestone Sports Centre.
The trustees of the charity would also like to pla￿ on record appreciation of its supporters who
provided the necessary funding for special projects and to enable the trust to operate.
Included within the total grants received of £926,431 (2024.. £613,478) were the following..
Grants of £80,532 from Kent County Council towards their Fit and Fed project which is aimed to
encourage posilive, social and physical activities for 1-19 year olds by running summary and half-
term programmes.
A number of grants from Folkestone & Hythe District Council totalling £264,850 for a range of
projects, including the Fit and Fed project, Little Athletes, Active 50 and our sports clubs.
The completion of the build of the Skatepark is the main reason for the decrease in fund income
during the year as £83,817 was re￿iVed in the previous year in respect of the build, with only
£47,392 being required in the year to 31 August 2025 as the building reached the practical
completion stage.
Contributing lo the deficit for the year is depreciation of £296,459 as the F51 building started lo be
depreciated now it has been brought into use. As this is a non-cash transaction, once depreciation is
excluded, the operating surplus for the year is £217,434.
Page 5

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Reserves policy
The policy of the trustees is lo maintain a level of reserves that will be adequate to provide a stable
base for the continuing operation of the charity, whilsl ensuring that excessive funds are not
accumulated. Trustees agreed the target to aim for should be £25,000 growing to £50,000 in time. In
common with many other charities, The Sports Trust is dependent on continuing donations from its
supporters to enable it to continue its operations.
Total Group funds as of 31 August 2025 amounted to £10,107,697 (2024.. £10,186,722}. All funds of
the Group at the Balance Sheet date comprised unrestricted funds, with all restricted monies received
in the year having been fully spent. Of the Group position, the parent charity's unrestricted reserves
represented £10,216,317 and the subsidiary's unrestricted reserves being in deficit by £416,498. This
is an improved position on the previous year now that the F51 building has been operational for three
years. Deficits on trading activities at F51 were expected initially, whilst the company found its feet
and customer base, and the charity and the directors of the subsidiary are working hard to develop
plans to ensure that the Skate Park is profitable from 2024125.
Since the Charity's unrestricted rese￿eS are tied up in the value of fixed assets, at 31 August 2025
neither the Parent Charity itself or the overall Group had any free reseNes.
Going concern
The trustees assess whether the use of going con￿rn is appropriate i.e. whether there are any
material uncertainties related lo events or conditions that may cast significant doubt on the ability of
the Charity to continue as a going concern. The trustees make this assessment in respect of a period
of at least one year from the date of authorisalion for issue of the financial statements.
The Charity has continued to re￿1ve income in the fomi of a number of grants including multi-year
funding support as well as the income from schools, holiday camps and generous partners. We have
also received an additional donation from local charitable events which all help to cover operational
costs.
Whilst acknowledging the uncertainties that remain, the trustees are confident that the impact in the
coming year will remain low and the trustees have concluded there is no matenal uncertainties about
the Charity's ability to continue as a going concern and that it remains appropriate to continue to
adopt the going concern basis of accounting in preparing the financial statements. Further details
regarding the adoption of the going concern basis can be found in the Accounting Policies.
Principal risks and uncertainties
Loss of key staff
Loss of key staff would affect key areas of work delivery and other staff members may not have the
same skill set
Good working relationships between the team and weekly meetings to ensure any issues discussed.
Key areas of work template to be prodU￿d and reviewed to ensure we have the ability and
knowledge to cover key areas of work with loss of an employees.
Page 6

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Senior leaders are asked to provide succession plans to ensure the charity is not too impacted by the
loss of key staff.
Loss of school or holiday Gamp inGome
Primary schools lose their funding and stop buying into the Charity's services.
We continue to strengthen the relationships with all schools so that we are in the best position to
continue working with them if there is any change in the funding landscape. A number of Trustees are
experienced in this area and are able to help the charity plan accordingly.
We continue to look at other areas to diversify {including facility operations). Likewise we are one of
the key delivery partners for holiday camps and have secured funding for another two years.
PLANS FOR FUTURE PERIODS
At the slart of September 2024 the Charity received income from schools for sports packages,
holiday camp delivery and support for various other community projects for the period through to
August 2025. As part of this, we aim to engage all local sports and community facilities in our long-
term mission and strategy so that everyone has the freedom of Choi￿ to access consistently high
quality facilities and activities within them and this coming year will see further growth of our
programmes. We will also explore opportunities to expand our facility portfolio to seek economies of
scale and most importantly to ensure that access to all sports is inclusive, affordable and funl
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Charity is controlled by ils goveming document, the Memorandum and Articles of Association
dated 24 July 2013 as amended by special resolution registered with Companies House dated 20
December 2013, and constitutes a company limited by guarantee, as defined by the Companies Act
2006. The charity changed its name from The Shepway Sports Trust to The Sports Trust by special
resolution dated 21 January 2022.
Recruitrnent and appointment of new trustees
Trustees are appointed by the recommendation of the existing iruslees. New trustees, when
appointed will be provided with an information pack including the latest accounts and Memorandum
and Articles of Association and will be afforded the opportunity to undertake visits to the premises of
The Sports Trust.
Board training is made available regularly for key topics for example safeguarding and governance,
and most trustees continue to have considerable exposure to educational and charitable matters
either through their principal occupation andlor involvement in other charitable institutions.
Page 7

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Risk management
The trustees have examined the major risks which the charity faces and have put in place systems,
policies, procedures and controls in order to manage and mitigate these risks. Appropriate insurances
are in pla￿. The Charity is organised with directors and members of the management committee
meeting regularly to manage its affairs. There are five members of permanent staff who, together
with the volunteers, apprentices and fixed term project staff, manage the charity. Where appropriate,
the trustees will act only after taking appropriate professional advice.
Members. liability
Each member of the charitable company undertakes to contribute to the assets of the Charity in the
event of it being wound up while helshe is a member, or within one year after helshe ceases to be a
member, such amount as may be required, not ex￿edIng £1, for the debts and liabilities contracted
before helshe ceases to become a member.
Setting pay and remuneration of key management personnel
All pay and remuneralion of key managemenl is presented against the business case by the Chief
Executive to the committee for approval. This takes into account staffing reviews, success against
prescribed outcomes and is independently benchmarked against similar salaries.
Related parties
Related party questionnaires are sent to all Trustees, Directors and senior leaders to complete to
ensure there is a full log of any related parties.
Transactions undertaken with related parties during the year are disclosed, where required, within the
notes to the accounts.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also directors for the purpose of company lawl are responsible for preparing
the Trustees, Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under
that law the Trustees have elected to prepare the financial statements in accordance with United
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and
applicable law}. Under company law the Truslees must not approve the financial statements unless
they are satisfied that they give a true and fair view of the state of affairs of the charitable company
and the results of the charitable company for that period.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently., observe the methods and
principles in the Charities SORP IFRS 102).,
make judgmenls and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
Page 8

THE SPORTS TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the charitable company's transactions and disclose with reasonable accuracy at any time
the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on charilable company's website. Legislation in the United Kingdom governing
the preparation and dissemination of financial statements may differ from legislations in other
jurisdictions.
Disclosure of information to auditors
Insofar as the Trustees are aware..
there is no relevant audit information of which the charitable company's auditor is unaware., and
the Trustees have laken all steps that they ought to have laken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that information.
AUDITORS
RPG Crouch Chapman LLP have indicated their willingness to continue in office as auditors, and a
resolution for their re-appointment will be proposed at the Annual General Meeting.
The Trustees declare that they have approved the Trustees, Annual Report above.
Signed on behalf of the Trustees..
b¥lHISHI'c81rf 2026 1 40prnl
Trustee
Approved by order ofthe members of the board of Trustees and signed on their behalf by..
Date.. 28 May 2026
Page 9

,<O#o
03
u>

u)
x£
£ooo¢no)
ts)EU
WU)£Q£
ots)o)o)oQJ
coc
rJ)ELL CDC
tL> (n c uW?J E
Q)c¥Q)
CUJ
oo)c
TJcÈ>'_
In￿￿)0￿
Q C>oti)
(L)oQw £olJ*
LL U OLL%t J

u)
WU£L
¢nÈu>c
U) a> C
£croa>oo
Q) u)wO x.>
5(uoJmoo

Jwx
(n (n c
UILU
o o L>

au
c CD c o)
ou

£ UJ
j &1 Ill
i ¢0 £ (n o
c c c

o ffj
•))
•)))iii
•)))

00
Ucn
cno
¢n73
u)wa>wa>

E Eo'o)r
o o(noffJ¢fi
(n

•fo¢n>
(ri o co (D u u (D
OOES
¢u ¢rJ o zsWE%ffjf
OU>as ffjID c
££3 COQ)
l Ln c c oi
o) o)£ a)w Qlj
a)J tJ)> C7J
a)a)o ra oJc-
C o (D a) U)
u>0
C Q)(n wo>>
OclcnW￿ a) > oio
a) c X(D u CD U)
E(U>oaJ£C
'u> > Iiffj_ ffJ
J C (D Ln.- a) CLL) U
£ (Da)'-£ (uc >
(n > > CL￿ (t5 0

£U)OOOzs
£o££QO
ti..

(n£J

hj
11,
fnuI!C
>¢uoiJE
a) > o) li)0
£Xl?t
v>03
co

O U L>

o'i> (n > (n u>
(no >B(D
I,*JJJ

cL>cn
Eu)
Lu￿<
az
00)>wU
i).
(n
JLnc
m(n
u) U=
(t3Ln

Illl¥1

ot a>¥ a> <ULs
-ffJc£LCxo￿£C
¢U£2 U fo
¢n
ca)C3a>a)J¢u-
¢u>(no£>'
<rJkwoZSa)o)
C)ffJ￿-￿(nfj>￿
£ca>£a)k>
a>£'É L)£ O ffJ
a)Wa)ffJ
o ¢vJ£ Q£

ID C
£Lna)E £wffj(nr
alc Q<uowL)
J£ o) > £L<n u) <0

I

a>Oo(uW73.
>CLLWffj(B'C
O£cwa>
f6 >£

£J>uuai
u>Oo(u>E
o a> (n O o c
cn ffj cn c C o)
c c [5)
£ Q
VU￿ rs¢n'
E(n w CL￿¢￿

cTr (n iiJ LU a)
uj rLk clj C
tn c o
Ew(D

a>Oal > >£
£ o u.q> a> (u
50￿EZI£
nou>EE
'a>Q > U) ￿ L>
'U)...￿WIll￿oa

(nu
oz c£

u)
fé
U)£CoO Q)11
L¥)0E5￿ > OJ (
ES c (D C ¢V In (
(DEWO
CL£
Q)£J ¢y > u_
CC
CCIC

£>0>>
£w>a)o)O
t rno£-
£L(rJ a> (n O
(n££ ¢rJ a> (n
WOJ

THE SPORTS TRUST
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
Other trading artivities
209.545
258.820
257,679
716.886
926.431
258.820
257,679
613,478
158,478
288,947
Total Income
726,044
716,886
1,442,930
1,060,903
Expenditure on-
Raising funds
Charitable activities
412,538
700,410
412,538
1,109,417
431, 710
742,049
409,007
Total expenditure
1.112,948
409,007
1.521,955
1, 173, 759
Net rnovement in funds
(386,9041
307,879
79,0251
(172,856)
Reconeiliation of funds-
Total funds brought fomard
Net movement in funds
10,186,722
{386.9041
10,186,722
179.0251
10,299,578
(112,856)
307.879
Total funds carried forward
9.799,818
307,879
10.107,697
10, 186, 722
Page 42

THE SPORTS TRUST
IA company limited by guarantee)
REGISTERED NUMBER: 08623233
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
Note
Fixed assets
Tangible assets
15.778.516
14,205,649
15.778,516
14,205,649
Current assets
Stocks
Debtors
Cash at bank and in hand
13
7,008
242,744
179.236
14
101,674
79,549
428.988
181, 163
Current liabilities
Creditors.. amounts falling due within
one year
15
1307,686)
(200,090J
Net current assets I Ilabllltes
121,302
(18,927)
Total assets less current Ilabllltles
15,899,818
14,186,722
Creditors.. amounts falling due after
more than one year
16
5,792,121)
(4,000,000)
Net assets excluding pension asset
10,107,697
10, 186, 722
Total net assets
10,107,697
10, 186. 722
Charity funds
Restricted funds
Unrestricted funds
17
307,879
9,799,818
17
10, 186, 722
Total funds
10,107,697
10, 186, 722
The Charity was entilled to exemplion from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance
with section 476 of the Companies Acl 2006.
However, an audit is required in accordance with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and preparation of financial statements.
The financial slalements have been prepared in accordance with the provisions applicable to entities
subject to the small companies regime.
Page 43

THE SPORTS TRUST
IA company limited by guarantee)
REGISTERED NUMBER: 08623233
CONSOLIDATED BALANCE SHEET ICONTINUEDI
AS AT 31 AUGUST 2025
The financial statements were approved and authorised for issue by the Trustees and signed on their
behalf by.. ja
Date. 28 Nll
The noles on pages 48 to 76 form part ofthese financial statements.
Collins (May 28. 2028
26
Page 44

THE SPORTS TRUST
IA company limited by guarantee)
REGISTERED NUMBER: 08623233
CHARITY BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
15.778.517
50
14,205,649
50
12
15.778,567
14,205,699
Current assets
Debtors
Cash at bank and in hand
14
633,093
179.236
283,962
79,546
812.329
363,508
Current liabilities
Creditors.. amounts falling due within
one year
15
1274,579)
(112,263J
Net current assets
537,750
25f,245
Total assets less current Ilabllltles
16,316,317
14,456,944
Creditors.. amounts falling due after
more than one year
16
5,792,121)
(4,000,000)
Net assets excluding pension asset
10,524,196
10,456,944
Total net assets
10,524,196
10,456.944
Charlty funds
Restricted funds
Restricted funds
Unrestricted funds
17
307,879
17
307,879
10.216,317
17
10,456,944
Total funds
10.524,196
10,456,944
The Charity's net movement in funds for the year was £67,252 (2024 - £29, 905).
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance
with section 476 of the Companies Act 2006.
However, an audit is required in accordance with section 151 of the Charities Act 2011.
Page 45

THE SPORTS TRUST
IA company limited by guarantee)
REGISTERED NUMBER: 08623233
CHARITY BALANCE SHEET {CONTINUED)
AS AT 31 AUGUST 2025
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities
subject to the small companies regime.
The financial stalements were approved and authorised for issue by the Trustees on
and signed on their behalf by..
The,￿6￿>￿￿a￿￿*,4￿1Sl76 form part of these financial statements.
Page 46

THE SPORTS TRUST
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Cash flows from operating activities
Net cash used in operating activities
1130.986}
169,816
Cash flows from Investlng actlvltles
Purchase of tangible fixed assets
11,869,328)
(100,000)
Net cash used in investing activities
11.869,328}
{100.0001
Cash flows from financing activities
Cash inflows from new borrowing
2,100,000
Net cash provlded by flnanclng actlvltles
2,100,000
Change in cash and eash equivalents in the year
Cash and cash equivalents at the beginning of the year
99,686
69,816
79.550
9, 734
Cash and cash equivalonts at the end ofthe year
179.236
79,550
The notes on pages 48 to 76 form part of these financial statements
Page 47

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
General information
The Sports Trust is a charitable company registered in England and Wales, its company
registered number is 08623233 and its charity registered number 1155522.
The Charity is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the Charity being wound up, the liability in respect of the
guarantee is limited lo £1 per member of the Charity.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS
1021 Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January
2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 and the Companies Act 2006.
The Sports Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
The consolidated statement of financial activities {SOFAI and consolidated balance sheet
consolidate the financial statements of the Charity and its subsidiary undertaking. The
results of the subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the
Companies Act 2006 and has not presented its own statement of financial activities in
these financial statements.
The accounts have been prepared in GBP and all amounts have been rounded to the
nearest £.
2.2 Consoldiations
The financial statements consolidate the accounts of The Sports Trust and its subsidiary
undertaking, The Sports Trust Trading Limited
Page 48

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
2.3 Going concern
The Trustees assess whether the use of going concern is appropriate i.e, whether there
are any material uncertainties related to events or conditions that may cast significant
doubt on the ability of the Group to continue as a going concern. They make this
assessment in respect of a period of at least one year from the date of aulhorisation for
issue of the financial statements.
In making their assessment, the Trustees have considered relevant information, including
the annual budget, forecast future cash flows and the impact of subsequent events.
The results for the Group for the year encompass a full year of trading for the Charity's
flagship one-of-a-kind venue, the F51 skate park, which made a significant loss. This loss
was anticipated due to the relative infancy of the venue and the cosl-of-living crisis along
with the worldwide increase in energy costs. The Trustees anticipate that the results for the
coming year will show a great improvement with all revenue streams being
departmentalised and managed efficiently with a view to breaking even in 2025126.
The Charity itself continues to review it's projects and constantly reviews whether it is
meeting it's objectives and some projects have fallen away this year as a result. The
Charity's core school provision continues to provide a good return and the engagement
from local schools continues to grow. Due to the ongoing cost of living crisis and political
landscape the Trustees recognise that 2025126 will likely be another challenging year.
Taking all the above into consideration, the Trustees have a reasonable expectation that
the Group will, at all times, have adequate resources to continue in operational existence
for the foreseeable future. Therefore, the Trustees have concluded that there is no material
uncertainty and that it remains appropriate to continue to adopt the going concem basis of
accounting in preparing the financial statements.
2.4 Income
All income is recognised once the Charity has entitlement to the income, it is probable that
the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the consolidated statement of financial activities on a re￿1vable
basis. The balance of income received for specific purposes but not expended during the
period is shown in the relevant funds on the balan￿ sheet. Where income is received in
advance of entitlement of receipt, its recognition is deferred and included in creditors as
deferred income. Where entitlement occurs before income is received, the income is
accrued.
Other income is recognised in the period in which it is re￿1vable on completion of the
Se￿1￿.
2.5 Expenditure
Page 49

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
Expenditure is recognised once there is a legal or constructive obligation to transfer
economic benefit to a third party, it 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 activily. The costs of each activity are made up of the total of
direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated directly to that activity. Shared
costs which contribute to more than one activity and support costs 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 allocated on the portion of the asset's use.
Page 50

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
2.5 Expenditure (continued)
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds
for its charitable purposes and includes costs of all fundraising activities events and non-
charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which
further the Group's objectives, as well as any associated support costs.
Charitable activities and Governance costs are costs incurred on the Charity's operations,
including support costs and costs relating to the governance of the Charity apportioned to
charitable activities.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future
economic benefits are probable and the cost or value of the asset can be measured
reliably.
Tangible fixed assets are initially recognised al cost. After recognition, under the cost
model, tangible fixed assets are measured at cost less accumulated depreciation and any
accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its
intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual
value over their estimated useful lives as detailed below using the straight-line method.
Depreciation is provided on the following bases..
Long-term leasehold
property
Plant and machinery
Fixtures and fittings
between 1.5-20k .On Cost
250h On Cost
200h On Cost
2.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance
for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate
proportion of fixed and variable overheads.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 51

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies (continued)
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit
or similar account.
2.1 OLiabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result
of a past event, it is probable that a transfer of economic benefit will be required in
settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the
debt or the amount it has re￿iVed as advanced payments for the goods or services it must
provide.
Provisions are measured at the best estimate of the amounts required to settle the
obligation. Where the effect of the time value of money is material, the provision is based
on the present value of those amounts, discounted at the pre-tax discount rate that reflects
the risks specific to the liability. The unwinding of the discount is recognised in the
consolidated statement of financial activities as a finance cost.
2.11Financial instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction
value and subsequently measured at their settlement value..
2.12Pensions
The Group operalesa defined contribulion pension scheme and the pension charge
represents the amounts payable by the Group to the fund in respect of the year.
Page 52

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under
the Circumstan￿$.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions Con￿rning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. The
estimates and assumptions that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next financial year are discussed below.
Estimated useful lives and residual values of tangible and intangible fixed assets
Depreciation and amortisation of tangible and intangible fixed assets is based on estimated
useful lives and residual values deemed appropriate by the Trustees. Estimated useful lives and
residual values are reviewed annually and are revised as appropriate.
Critical areas of judgment..
The carrying value of fixed assets, in particular The F51 Sports Centre
is reviewed and
assessed periodically and adjustments to the carrying value are made by the Trustees if
indications for a change in value are present.
Page 53

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Income from donations and legacies
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Donations
The Roger De Haan Charitable Trust- General Sport
The Roger De Haan Charitable Trust F51 Support
Folkestone & Hythe District Council
The Randor Charity Trust
Ray Johnson
ESC Lottery
Lawson Trust
Colyer Fergusson
One Savings Bank
Eurotunnel
Kent County Council
Edesco
other
Sir Roger De Haan Capital Contribution
Subtotal detailed disclosure
40,000
40,000
47,392
264,850
1,000
10,000
25.000
8.000
20,000
4,824
5,000
80,532
75,607
2,406
341.820
47,392
264,850
1,000
10,000
25,000
8,000
20,000
4,824
5,000
80,532
75,607
2,406
341,820
209,545
716,886
926,431
209,545
716,886
926,431
Page 54

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Income from donations and legacies (continued)
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Donations
The Roger De Haan Charitable Trust- Skatepark
The Roger De Haan Charitable Trust- Salary Grant
Kent Count Council
83,088
25,000
21,999
30,(K)O
20,(X]O
19,850
2,975
83,088
25,000
21,999
30,000
20,000
26,850
2,975
100,000
170,288
1,000
78,636
6,400
75,000
28,713
17,336
21,793
25,000
John Swire Grant
Colyer Fergusson Grant
Folkestone & Hythe District Council
Youth Sports Trust
Postcode Community Lottery
The Education People
Street Games
Spacehive
The Football Association
British Cycling
Other Grants
7,000
100,000
170,288
1,000
18,636
6,400
15,(X]O
813
27,300
17,336
21,793
General donations
Salary Recharge
Sponsorship
Subtotal detailed disclosure
25,000
343,717
269, 761
613,478
343,717
269, 761
613.478
Incomè from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Income from charitable activities - Promoting Sports and Physical
Activity to the South East of Kent
258,820
258,820
Page 55

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Income from ¢haritsble activities {¢ontinuedl
Unrestricted
funds
2024
Total
funds
2024
Income from charitable activities - Promoting Sports and Physical
Activity to the South East of Kent
158,478
158,478
Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2025
Total
funds
2025
Skatepark Activites
Climbing Activities
HAF Activites
Powerboat
112,749
82,105
23,948
16,874
22,003
112,749
82.105
23.948
16,874
22,003
Other income
257,679
257,679
Unrestricted
funds
2024
Total
funds
2024
Skatepark Activites
Climbing Activities
HAF Adivites
Powerboat
Other income
160,358
94,148
11,626
18,033
4, 782
160,358
94,748
11,626
18,033
4, 782
288,947
288,947
Page 56

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
Promoting Sports and Physical Activity to the South
East of Kent
700,410
409,007
1,109,417
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Promoting Sports and Physical Activity to the South
East of Kent
555,375
186,674
742,049
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Promoting Sports and Physical Activity to the South
East of Kenl
751,336
358,081
1.109,417
Activities
undertaken
direGIIy
2024
Support
Gosts
2024
Total
funds
2024
Promoting Sports and Physical Activity to the South
East of Kent
401,941
340, 109
742,050
Page 57

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysis of expenditure by activities (continued)
Analysis of direct costs
Promoting
Sports and
Physical
Activity to
the South
East of Kent
2025
Total
funds
2025
Staff costs
Direct Activities
303,247
448,089
303,247
448,089
751,336
751,336
Promoting
Sports and
Physical
Activity to
the South
East of Kent
2024
Total
funds
2024
Staff costs
254,594
147,347
254,594
147,34T
Direct Activities
401,941
401,941
Analysis of support costs
Promoting
Sports and
Physical
Activity to
the South
East of Kent
2025
Total
funds
2025
Governance
Depreciation
61,622
296,459
61,622
296,459
Total 2025
358,081
358,081
Page 58

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
Promoting
Sports and
Physical
Activity to
the South
East of Kent
2024
Total
funds
2024
Governance
Subscriptions
Depreciation
Profit on disposal of fixed assets
37,324
91
37,324
91
296, 709
5,985
296, 709
5,985
340, 109
340. 709
Auditors. remuneration
2025
2024
Fees payable to the Charity's auditor for the audit of the Charity's
annual accounts
10.900
73,000
Fees payable to the Charity's auditor in respect of..
All non-audit setvices not included above
3.100
10. Staff costs
Group
2025
Group
2024
Charlty
2025
Charity
2024
Wages and salaries
Social security costs
Contribution to defined contribution
pension schemes
479,993
51.864
458,087
23,317
266,784
25.018
237,721
9,208
19.302
12,553
11.445
8,265
551.159
493,957
303.247
254,594
Page 59

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
10. Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows..
Group
2025
No.
Group
2024
No.
Charity
2025
No.
Charity
2024
No.
Average Employees
22
19
The number of employees whose employee benefits (excluding employer pension costs)
exceeded £60,000 was..
Group
2025
Group
2024
In the band £70,001- £80,000
The trustees consider the key management personnel of the Charity, the Chief Executive,
Deputy Chief Executive, Chief Operating Officer, Marketing Manager, F51 Manager and Youth
and Schools Partnership Project Manager.
The total employee benefits (including employer's national insurance and pension
contributions) to key management personnel
amounted to £253,64612024'. £211,109)
11. Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits (2024 - £NIL).
During the year ended 31 August 2025, no Trustee expenses have been incurred (2024- £NIL
Page 60

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Tangible fixed assets
Group
Long-temi
Assets
leasehold
under
property construction
Plant and Fixtures and
maehinery
fittings
Total
Cost or valuation
At 1 September 2024
Additions
14.653,457
36,405
10.876
7,200
139.410
938
14.803,743
1,869,328
1.824,785
At 31 August 2025
14.689,862
1.824,785
18.076
140.348
16.673,071
Depreciation
At 1 September 2024
Charge for the year
528,529
265,650
7.118
2.003
62.448
28.806
598,095
296,459
At 31 August 2025
794,179
9,121
91,254
894,554
Net book value
At 31 August 2025
13,895,683
1,824,785
8,955
49,094
15,778,517
At 31 August 2024
14, 124,928
3, 758
76.962
14,205,648
Page 61

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Tangible fixed assets {¢ontinuedl
Charity
Long-temi
Assets
leasehold
under
property construction
Plant and Fixtures and
machinery
fittings
Total
Cost or valuation
At 1 September 2024
Additions
14,653,457
36,405
10,876
7.200
139,410
938
14,803,743
1,869,328
1.824,785
Al 31 August 2025
14,689,862
1,824,78S
18,076
140,348
16,673,071
Depreciation
Al 1 September 2024
Charge for the year
528,529
265,650
7,118
2,003
62.448
28,806
598,095
296,459
At 31 August 2025
794,179
9.121
91.254
894,554
Net book value
At 31 August 2025
13.895,683
1.824,785
8.955
49.094
15.778,517
At 31 August 2024
14, 124,928
3, 758
76.962
14,205,648
Page 62

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
12. Fixed asset invesbnents
Investments
subsidiary
companies
Charity
Cost or valuation
At 1 September 2024
50
At 31 August 2025
50
Page 63

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
12. Fixed asset investments (continued)
Principal subsidiaries
The following was a subsidiary undertaking of the Charity..
Name
Company
number
Registered office or principal Principal activity
place of business
The Sports Trust Trading
Limited
10351649 Strand House Pilgrims Way, Trading Activites of
Monks Horton, Ashford,
F51 Sports Center
Kent, United Kingdom, TN25
6DR
Class of
shares
Holding
Included in
consolidation
A Ordinary
The financial results of the subsidiary for the year were..
Name
Income
Expenditure
ProfitllLossl
I Surplusl
(Deficit) for
the year
Net assets
The Sports Trust Trading Limited
284,029
1430,3041
1146,2751
1416,4981
13. Stocks
Group
2025
Group
2024
Finished goods and goods for resale
7.008
Page 64

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
14. Debtors
Group
2025
Group
2024
Charity
2025
Charity
2024
Due within one year
Trade debtors
84,110
27,722
83,638
404.380
6.292
138.783
27,750
200,375
53,815
2,622
Amounts owed by group undertakings
Other debtors
55,233
18,658
Prepayments and accrued income
152.291
242.744
101,614
633.093
283,962
Page 65

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
15. Creditors: Amounts falling due within one year
Group
2025
Group
2024
Charity
2025
Charity
2024
Bank overdrafts
Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
1,888
58,261
1,888
39,824
125.400
122.566
35.157
102.444
44.685
96,325
26,221
17,392
29.020
88.515
34.478
38,755
22,013
10,383
307,686
200,090
274,579
112,263
16. Creditors: Amounts falling due after more than one year
Group
2025
Group
2024
Charity
2025
Charity
2024
Other creditors
5,792,121
4,000,000
5,792,121
4,000,000
Included in Other Creditors are 2 Loans from the Roger De Haan Foundation for £4,000,000
and £2,100,00012024 - 1 Loan of £4,000,000.) These are for the building of the F51 site and
for the purchase of the Folkestone Sports Centre respectively. The loan for £4,000,000 has no
interest rate and repayment is dependent on the generation of cash surpluses within the
charity.
Page 66

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17. Statement of funds
Statement of funds - current year
Balance at 1
September
2024
Balance at
31 August
2025
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Fixed Assets
10,205,648
1219,252) 9,986,396
General funds
The Sports Trust Trading
Limited
General Funds
{270.2231
251,297
284.029
442,015
{430.3041
{682,6441
{416.4981
229,920
219,252
18,9261
726,044 11,112,948)
219,252
{186,5781
Total Unrestricted funds
10,186.722
726.1)44 11,112.9481
9,799.818
Balance at 1
September
2024
Balance at
31 August
2025
Transfers
inlout
Income Expenditure
Restricted funds
English Sport Council
Lawson Trust
25,000
8,000
20,000
125,0001
18,0001
20,0001
Colyer Fergusson
Folkestone & Hythe District
Council
One Saving Bank
Eurotunnel
264,850
4.824
5.000
{264,8501
14,8241
15.0001
Sir Roger De Haan Capital
Contribution
Urban Skate Park,
Folkestone
341.820
133.9411
307.879
47.392
147.3921
716.886
{409.0071
307,879
Page 67

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17. Statement of funds {¢ontinuedl
Total of funds
10,186,722
1.442.930 11,521.9551
10,107,697
Page 68

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17. Statement of funds {¢ontinuedl
Statement of funds - prior year
Balan￿ at
I September
2023
Balan￿ at
31 August
2024
Transfers
in/oul
Income Expenditure
Unrestricted funds
Designated funds
Fixed Assets
70,205,648 10,205,648
Balan￿ at
I September
2023
Balan￿ at
31 August
2024
Transfers
in/oul
Income Expenditure
General funds
The Sports Trust Trading
Limited
General Funds
{127,467)
10,427,041
290,276
5(X),865
{433,039)
{554,047)
{270,224)
251,298
10,299,580
791, 141
(987,086)
(78,926)
Totsl Unrestricted funds
10,299,580
791, 141
(987,086) 10,205,648 10, 186, 722
Restricted funds
Colyer Fergusson
Folkestone & Hythe District Council
Sir Roger De Haan Capital
Contribution
RDHCT Salary Grant
Urban Skate Park, Folkestone
The Barclays Girls
FootballPartnership
British Cycling
Leverets Barristers & Solicitors
Youth Sport Trust
Radnor Estate
John Swire Charitable Trust
Space Hive
20,000
19,850
(20,000)
(19, 850)
1,000
25,000
83.087
(1,000)
(25,000)
(83,087)
7.189
15.000
(7, 189)
(15, 000)
(25,000)
(2,000)
(I,ooo)
(30,000)
(18, 636)
25,000
2,000
1,000
30,000
18,636
Page 69

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17. Statement of funds {¢ontinuedl
Statement of funds - prior year (continued)
Balan￿ at
I September
2023
Balan￿ at
31 August
2024
Transfers
in/oul
Income Expenditure
Kent County Council
21.999
(27, 999)
269, 761
(186, 674)
{83,087J
Total of funds
10,299,580
1,060,902 (1, 173, 760) 10, 122,561 10, 186, 722
Page 70

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17. Statement of funds {¢ontinuedl
The restricted funds ofihe Charity were represented by the following..
Current Year
En
lish S orts Council
ESC
The Charity received grant funding towards the general Sports Provision
Col
er Fer
usson Charitable Trust
The Charity received grant funding towards the Holiday Camps provided during school
holidays.
Folkestone and H
he Districl Council
The local council provide funding lo the Charity for various initiatives, including Holiday Camps,
coaching at the Urban Skate Park, Little Athletes (Community Partnership Fund), Little
Athletes, Shred Club and Solar Panels.
One Savin
Bank
The Charity recieved Sponsorship Income Climbing and Skateboarding Gear for HAF Camps
EuroTunnel
The Charity recieved a Donation for Little Athletes Equipment Sponsor
Prior Year
Street Games Doorste
Pro
ramme
The Charity receives funding from Street Games in order to deliver a Pulse youth club and
other community and youth based sports sessions.
Col er Fer
usson Charitable Trust
The Charity received grant funding towards the Holiday Camps provided during school
holidays.
RDHCT Sala
Grant
The Charity received a grant from The Roger De Haan Charitable Trust as a contribution to the
salary oflhe CEO.
Urban Skate Park Folkeslone
Funds for the Urban Sports Park are spent on the designing and building of the state of the art
urban sports facility in Folkestone, Kent. The facility offers skateboarding, climbing, boxing,
BMX and other activities.
The Barcla s Girls Football Partnershi
The grants received contribute towards staff salary and equipment expenses. The project was
developed to encourage female participation in football.
British C clin
Grant funding was provided to the Charity to start a BMX club at the Urban Skate Park, F51.
Page 71

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
17. Statement of funds {¢ontinuedl
Leverets Barristers & Solicitors
The fund has been set up following a sponsorship agreement with Leverets Barristers &
Solicitors (supporters of the Trustl'who contribute towards sporting equipment lo enable all our
sports programmes.
Folkestone and H
he District Council
The local Council provide funding to the Charity for various initiatives, including Holiday Camps,
coaching at the Urban Skate Park, Little Athletes (Community Partnership Fund), Little
Athletes, Shred Club and Solar Panels.
Youth S orts Trust
The grants received contribute towards staff salary and equipment expenses. The project was
developed to encourage female participation in football.
Radnor Estate
The Charity received grant funding towards the Holiday Camps provided during school
holidays.
John Swire Charilable Trust
The Charity received grant funding towards the Holiday Camps provided during school
holidays.
a￿ Hive
Spacehive is a crowdfunding platform that helped fund the Little Athletes project through public
donations and matched contributions from the NHS, FHDC, and KCC. With this support, TST
received full funding to deliver the project.
Kent Count Council
The Charity received grant funding towards the Holiday Camps provided during school
holidays.
18. Summary of funds
Page 72

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
18. Summary of funds {continued
Summary of funds - current year
Balance at 1
September
2024
Balance at
31 August
2025
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
10,205,648
18,9261
1219,252} 9,986,396
219,252
{186,5781
307,879
726,044 11,112,948)
716,886
{409,0071
10.186,722
1.442.930 11.521.955)
10.107,697
Summary of funds - prior year
Balan￿ at
I September
2023
Balan￿ at
31 August
2024
Transfers
in/oul
Incomg Expenditure
Designated funds
General funds
10,205,648 10,205,648
(78,926)
10,299,580
791, 141
269, 761
{987.086)
(186,674)
Restricted funds
(83,087)
10,299,580
1,060,902 (1, 173, 760) 10, 122,561 10, 186, 722
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Difference
15,778,516
428,988
1307,6861
16,100,000)
15.778.516
428.988
{307.6861
307,879 15,792.1211
Total
9,799,819
307,879 10,107,698
Page 73

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
18. Summary of funds {continued
Summary of funds - current year
Balance at 1
September
2024
Balance at
31 August
2025
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
10,205,648
18,9261
1219,252} 9,986,396
219,252
{186,5781
307,879
726,044 11,112,948)
716,886
{409,0071
10.186,722
1.442.930 11.521.955)
10.107,697
Summary of funds - prior year
Balance at
I September
2023
Balance at
31 August
2024
Transfers
in/oul
Incom8 Expenditure
Designated funds
General funds
70,205,648 10,205,648
(18,926)
10,299,580
791, 141
269, 761
(987,086)
(186,674)
Restricted funds
(83,087J
10,299,580
1,060,902 (1, 173, 760) 10, 122,56f 10, 186, 722
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Difference
15,778,516
428,988
1307,6861
16,100,000)
15.778,516
428,988
{307,6861
307,879 15,792,121)
Total
9,799,819
307,879 10.107,698
Page 74

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
19. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
14,205,649 14,205,649
181,163
181,163
f200,090J
(200,090)
(4,000,OOOJ (4,000,000)
Total
70, 786, 722 10, 186, 722
20. Reconciliation of net movement in funds to net cash flow from operating activities
Group
2025
Group
2024
Net expenditure for the year (as per Statement of Financial
Activities)
{79,025)
Adjustments for:
Depreciation charges
Loss on the sale of fixed assets
296.461
296, 709
5,985
Decreasel(increasel in slocks
DecreasellinGreasel in debtors
Increaselldecreasel in creditors
Discount on Loan
Unwinding of discount
17.009}
59.240
192,772}
1341,820)
33,941
(45,245)
25,224
Net cash provided byllused inl operating activities
1130,984)
169.817
Page 75

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
21. Analysis of cash and cash equivalents
Group
2025
Group
2024
Cash in hand
179,236
79,550
Total cash and cash equivalents
179,236
79,550
22. Analysis of changes in net debt
At1
September
2024 Cash flows New finance
Other non-
cash
At31
changes August 2025
Cash at bank and in hand
Bank overdrafts repayable
on demand
79,549
99.687
179,236
11,8881
14,000.0001
1.888
after more than one year
12,100.0001
307.879 15,792.1211
3,922,339)
101,575 I2,100,0001
307,879 I5,612,8851
23. Pension commitments
The group operales a defined contribution pension scheme. The assets of the scheme are held
separately from those of the group in an independently administered fund. The pension cost
charge represents contributions payable by the group to the fund and amounted to nil 12024..
£2,631 } were payable to the fund at the balan￿ sheet date and are included in creditors.
Page 76

THE SPORTS TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
24. Related party transactions
The Roger De Haan Charitable Trust is related to The Sports Trust as Sophie Downey is the
Stepdaughter of a trustee of TheRoger De Haan Charitable Trust. During the year The Roger
De Haan Charitable Trusl made donations of £54,72312024.£83,088) towards the construction
and Maintainan￿ of the F51 Urban Skate Park and £40,000 12023.. £25,000) towards the
CEO'S salary and general sports provison have also been received from the Roger De Haan
Charitable Trust.
The Roger De Haan Charitable Trust provided a loan to the Charity during the building phase
of F51. The total amount outstanding at the balance sheet date in respect of this loan was
£4,000,000 (2024.. £4,000,000). The Roger De Haan Charitable Trust also gave £2,100,000
12024 .Nill towards the purchase of the Folkestone Sports Centre.The total amount
outstanding at the balan￿ sheet date was £2,100,000 Both loans have been agreed to have
nil Interest. The total due to Roger De Haan Charitable Trust as at 31st August 2025 is
£5,792,121 12024 .'£4,000,000)
Rachel Haden, a member of the key management team, provides coaching services on a self
employed basis and was paid £nil (2024.. £2,494). The total amount outstanding at the balance
sheet date was £nil (2024.. £921 }.
Michelle Kent, the spouse of Chris Kent, a member of key management team, provided admin
support services and was paid £nil 12024.. £1,965). The total amount outstanding at the
balance sheet dale was £Nil {2024. £Nill.
he Sports Trust Trading Limited is the trading subsidiary of The Sports Trust. During the year,
The Sports Trust undertook transactions on behalf of The Sports Trust Trading Limited with
net value of £223,21712024'. £126,605}. Within the year, £26,352 {2024'. £1,870) was invoiced
from the Sports Trust Trading to The Sports Trust. £7,140 (2024. £nil) was invoiced from the
Sports Trust lo the Sports Trust Trading. At the year end, £404,380 {2024'. £200,380} was
owed by The Sports Trust Trading Limited to The Sports Trust. Amounts owed to group
undertakings are interest-free and repayable as and when funds become available.
Page 77

THE SPORTS TRUST
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPORTS TRUST
Opinion
We have audited the financial statements of The Sports Trust {the 'parent charitable company'} and
its subsidiaries (the 'group'l for the year ended 31 August 2025 which comprise the consolidated
statement of financial activities, the consolidated balance sheet, the charity balan￿ sheet, the
consolidaled statement of cash flows and the related notes, including a summary of 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 Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the Group's and of the parent charitable company's
affairs as at 31 August 2025 and of the Group's incoming resources and application of
resources, including its income and expenditure for the year then ended.,
have been property prepared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordan￿ with Intemational Standards on Auditing (UK) {ISAs IUKI) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of
the Group in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and
we have fulfilled our other ethical responsibilities in accordance wilh these requirements. We believe
that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going con¢em
basis of accounting in the preparation of the financial statements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the Group's or the
parent charitable company's ability to continue as a going concern for a period of al least twelve
months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are
described in the relevant sections of this report.
Page 38

THE SPORTS TRUST
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPORTS TRUST ICONTINUEDI
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditors, report thereon. The Trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
information and, eX￿pt to the extent olherwise explicitly stated in our report, we do nol express 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 othenmise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstatements, we are required to
determine whether this gives rise to a material misstatement in the financial statements themselves.
If, based on the work we have perfomied, we conclude that there is a material misstatement of this
other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities {Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the
financial statements., or
the parent charitable company has not kept sufficient accounting records., or
the parent charitable company financial statements are not in agreement with the accounting
records and returns., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities slalement, the Trustees (who are also the
directors of the charitable company for the purposes of company law} are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the Trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the
parent charitable company's ability to continue as a going concem, disclosing, as applicable, matters
relaled to going concern and using the going concern basis of accounting unless the Trustees either
intend lo liquidate the Group or the parent charitable company or to cease operations, or have no
realistic alternative but to do so.
Page 39

THE SPORTS TRUST
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPORTS TRUST ICONTINUEDI
Auditors, responsibilities for the audit of the financial ststements
We have been appointed as auditor under section 151 of the Charities Act 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 statements as a whole
are free from material misstatement, whether due to fraud or error, and lo issue an auditors, report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordan￿ with ISAS (UK) 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 Gould reasonably be expected to Influen￿ the economic decisions of users
taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
As part of our planning process..
We enquired of management the systems and controls the Charity has in place, the ares of the
financial statements that are most suceplible to the risk irregularities and fraud and whether there
was any known, suspected or alleged fraud. The Charity did not inform us of any known, suspected
or alleged fraud.
-we obtained an understanding of the legal and regulatory frameworks applicable to the company.
We determined that the following were most relevant ', FRS 102, SORP 2019
We considered the incentives and opportunities that exist in the Charity, including the extent of
management bias, which presenta potential for irregularities and fraud to be perpetuated, and tailored
our risk assessment accordingly.
Using our knowledge of the Charity, together with the discussions held with the Charity , we formed
a conclusion on the risk of misstatement due to irregularities including fraud and tailored our
procedures according to this risk assessment.
The key procedures we undertook to detect irregularities including fraud during the course of the
audit included..
Identifying and testing joumal entries and the overall accounting records, in particular those that
were significant and unusual.
Reviewing the financial statement disclosures and determining whether accounting policies have
been appropriately applied.
Performing a physical verification of key assets.
Testing key income lines, in particular cut-off, for evidence of managemenl bias.
Assessing the extent of compliance, or lack of, with the relevant laws and regulations.
Obtaining third-party confirmation of material bank balances and loans.
Reviewing and challenging the assumptions and judgements used by management in their significant
accounting estimates.
Documenting and verifying all significant related party balances and transactions.
Page 40

THE SPORTS TRUST
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPORTS TRUST ICONTINUEDI
Reviewing documentation such as the Board of Directors, and committee minutes, for discussions of
irregularities including fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-complian￿ with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become
aware of instances of non-complian￿. The risk is also greater regarding irregularities occurring due
to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at.. www.frc.or
-uklauditorsres
onsibilities. This description
forms part of our auditors, report.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4
of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so
that we might state to the charitable company's trustees those matters we are required to state to
them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not
accept or assume responsibility to anyone other than the charitable company and its members, as a
body, for our audit work, for this report, or for the opinions we have formed.
RPG Crouch Chapman LLP
Chartered Accountants
40 Gra￿churCh Street
London
EC3V OBT
Date..
RPG Crouch Chapman LLP are eligible to act as auditors in terms of section 1212 of the Companies
Act 2006.
Page 41