Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 Charity number: 1155782 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Unaudited ANNUAL REPORT For the Year Ended 31 March 2025
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Contents Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements 9-12
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 March 2025 Trustees R A Marris, Trustee (Chairman) S E Topley, Trustee J M Nickerson, Trustee J Dave, Trustee M A Ball, Trustee S Wookey, Trustee (Chairman)- resigned 10th December 2024 K Holdsworth - appointed 1 Oth December 2024 P Gagin - appointed 10th December 2024 Charity registered number 1155782 Principal office Chetwode House. 1 Samworth Way, Melton Mowbray, Leicestershire. LE13 1GA Independent Examiners Glen Bott FCA, Cooper Parry Group Limited, Parry, Sky View. Argosy Road. East Midlands Airport, Castle Donington, DE74 2SA Bankers HSBC plc, PO Box 68. 130 New Street, Bim)ingham, B2 4JU Solicitors Gateley Legal, Knightsbridge House. Lower Brown Street. Leicester, LE15NL Page 1
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Trustees. Report For the Year Ended 31 March 2025 The Trustees present their Annual Report and the financial statements of Samworth Brothers Community Opportunity Fund (the charity) for the year ended 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the charity comply with the Charities Act 2011, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities," applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). structure, governance and management a. Constitution The charity is governed by a Trust Deed dated 12 August 2013, that was amended on 14 November 2023. The principal objects of the charity are-. The promotion of community participation in healthy physical recreation by providing grants for facilities. resources, equipment and coachlteacher education for playing particular sports. The promotion of community participation in the education of healthy nutrition by providing resources and financial support for the delivery of programmes showcasing healthy nutrition. The advancement of the physical and nutritional education of young people whether or not they are undergoing formal education., To improve the conditions of life of the classes of person set out below providing them with opportunities to participale in sporting and healthy nutritional activities and experiences: people with a mental or physical disability- people with any form of sensory impairment" and persons in financial need and persons who are otherwise disadvantaged. In addition to the Constitution, the Trustees apply the following criteria to assess any application to the Samworth Brothers Community Opportunity Fund for an award. Are you in the right location? We only support projects where a Samworth Brothers business is an integral part of the local community. Are you about sport? We support clubs and organisations where sport is the starling point and the main focus of activilies. We require our award recipients to be a member of their relevant sports goveming body or to have Clubmark or equivalent status. Are you about Food and Nutrition? We support clubs. associations and organisations where food, nutrition and cooking skills are the main focus of activities. This could include educating young people on where food comes from {plant to platelfield to fork), providing cooking and nutrition skills in the community, supporting the development of allotments or even organising farm or food production visits. We require our award recipients to have the correct safeguarding, welfare and insurance policies in place. Are you about young people? Our main target group is young people aged 12-18 years old. We only provide support to clubs and organisations working with young people in hard to reach and disadvantaged groups for our large grant awards. Are you looking to expand what you do? The main types of awards we make are to extend capacity. Examples of the activities we prefer to fund include projects to get more people qualified and supported with their coaching. The ability to put on new club evenings or new sessions for different age groupslgenderlethnicity or plans to extend to new locations to reach more young people and other schemes to improve young people's experience of actively participating in sport. Page 2
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Trustees. report {continued) For the Year Ended 31 March 2025 Will you be able to sustain this activity once our funding is ove You must have a plan for sustaining the activities we are funding beyond the funding period. We are keen that the projects we support are sustainable for the long term. We are happy to help a project get off the ground, but it then needs to be able to stand on its own two feet. Most of our awards are for one year, although we fund some multi-year projects but not usually for more than three years. The charity will support revenue and Capital cost projects, although our focus is on smaller scale capital projects that help extend capacity- We welcome proposals where our support can help release other funding. such as Sport England. The charity will not support general fund-raising appeals. individuals, expeditions or fund-raising challenges, requests for retrospective funding projects that directly replace statutory funding or activities that are primarily the responsibility of the central or local government or sponsorship and marketing promotions. b. Method of appointment or election of Trustees The charity's management is the Trustees, responsibilty appointed by the Board of Directors of Samworth Brothers Limited. The duration of a Trustee appointment is three years and a retiring Trustee may be reappointed. Objectives a. Policies and objectives In setting aims and objectives in planning future activities and setting the grant-making policy for the year, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. b. Grant making policies The Trustees consider any applications for grants based on the alignment of the proposed activity with the charity's objectives and the availability of uncommitted funds within the charity. Achievements and performance Review of activities During the year, the charity has made grants totalling £255,220 (2024: £112,659) to local sports groups and food education groups whose activities are aligned with the charity's objectives. b. Investment policy and perforniance In accordance with the Trust Deed, funds that are not required for immediate use (including those which will be required for use at a future date) must be placed on deposit or invested based on the advice of a financial expert. Financial review At 31 March 2025. the charity had total unrestricted funds of £480.058 (2024: £409.603). a. Reserves policy The Trustees aim to maintain reserves at a level sufficient to support the operational expenditure and any commitments of the charity for a period of 12 months. Plans for the future a. Future developments In the coming year, it is intended that additional funds will be made available to the charity to enable it to make future grants to local organisations. Page 3
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Public benefit The Trustees continue to keep the Charity Commission's guidance on public benefit under review when considering its future activities. This report was approved by the Trustees on 4th September 2025 and signed on their behalf by: 5igTred by.. 4FB41970B53543F S E Topley, Trustee Page 4
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND I report to the charity truslees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 6 to 12. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the Act')- I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's statement The charity's gross income exceeded £250.000 and l am qualified lo undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW). I have completed my examination. I confim that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements Conrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Glen Bott FCA Cooper Parry Group Limited Sky View Argosy Road East Midlands Airport Castle Donington Derby DE74 2SA Date.. 12 September 2025 Page 5
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Slatement of Financial Activities For the Year Ended 31 March 2025 Year ended 31 March 2025 Year ended 31 March 2024 Note INCOME FROM Donations Investment income-bank interest reiVed 325.000 18,133 207,090 15,956 TOTAL INCOME 343,133 223,046 EXPENDITURE ON Grants Charitable activities 255,220 17,458 112,659 9,622 TOTAL EXPENDITURE 272,678 122,281 NET INCOME THE YEAR 70,455 100,765 Total unrestricted funds at 1 April 2024 409,603 308,838 TOTAL UNRESTRICTED FUNDS AT 31 MARCH 2025 480,058 409,603 The notes on pages 9 to 12 form part of these financial statements. Page 6
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Balance Sheet As at 31 March 2025 2025 2024 Note CURRENT ASSETS Cash at bank 508,113 437.991 508,113 437.991 CURRENT LIABILITIES Creditors (28,055) (28,388) NET CURRENT ASSETS 480,058 409.603 Creditors due after more than one year NET ASSETS 480,058 409,603 CHARITY FUNDS Unrestricted funds 480,058 409,603 TOTAL FUNDS 480,058 409,603 The financial statements were approved by the Trustees on 4th September 2025 and signed on their behalf by: Signed by.. 4FB41970B53543F S E Topley, Trustee The notes on pages 9 to 12 form part of these financial statements. Page 7
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Statement of Cash Flows For the year ended 31 March 2025 2025 2024 Note Cash flows from operating activities: Net cash froml{used in) operating activities 51,989 49,135 Cash flows from investing activities Interest from investments 18,133 15.956 Net cash provided by investing activities 18,133 15.956 Change in cash and cash equivalents in the year 70,122 65,091 Cash and cash equivalents at the beginning of the year 437,991 372,900 Cash and cash equivalents at the end of the year 508,113 437,991 Reconciliation of net income Net incomel(expenditure) for the year 70,455 100,765 Interest (18,133) (15,956) Decrease in debtors (Decrease)lincrease in creditors {333) (35,674) 51,989 49,135 Page 8
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Notes to the Financial Statements For the Year Ended 31 March 2025 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities,. applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011 and applicable regulations. The accounts have been prepared under the historical cost convention with items recognised as cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. 1.2 Fund accounting General funds are unrestricted funds available for use at the discretion of the Trustees in furtherance of the charity's general objectives and which have not been designated for other purposes. 1.3 Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity has an entitlement to the funds after any performance conditions have been met. Therefore, the amount can be measured reliably, and the income will probably be received. 1.4 Resources expended Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities, where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, these are accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grant. Where grants are conditional, the grant is only accrued where any unfulfilled conditions are outside the charity's control. 1.5 Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. 1.6 Financial Instruments The charity 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. DONATIONS The Samworth Brothers Community Opportunity Fund received a donation of £325.000 (2024.. £207,090) from Samworth Brothers Limited. Page 9
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Notes to the Financial Statements For the Year Ended 31 March 2025 Unrestricled funds 2025 Unrestricted funds 2024 GRANTS TO INSTITUTIONS- SPORTS GRANTS Adsurf Allas Boxing & Fitness club Bedford Blues RFC Belvoir Cricket Club and Countryside Trust Callingion Colts FC Caradon Gig Rowing Club Cotehele Quay Gig Club Devonport RSA Featherstone Rovers FC Football & Fliness - Sharks Gilmorton Junior Cricket dub GNG FC Greenfields Cricket Club Ivanhoe Robins Alhletic Club Joola Plymouth Table Tennis Club Kegworth Bowls Club Kelliwick FC Ketton Blackstones FC Kings Olympic Wrestling Club Leicesler Athena Volleyball Club Leicester Combat Academy Leicester Hockey Club Leicesler Nirvana FC Leicester Outdoor Pursuits Centre Mellon Foxes Junior FC Mellon Town FC- U8 Mohawks Millbrook Skatepark Projecl MOVE North Comwall Dragons Swimming Club OPM RC Plymouth Argoe Community Trust Pymoulh Parkway FC Plymouth Stars Netball Club Plymouth YMCA Portland College Rockinghorse Charity Ronin Kyokushin Saltash Cricket Club Shepshed Cricket Club Soulhgate Colts Tavistock Meadows Junior Park Run Tavistock Mini Junior RC Thorpe Amold Cricket Club Trevonne Slage School Young Heroes Leicestershire Limited The Wave Project Werrington Cricket Club Winstanley Wizards Table Tennis Club 10,000 7.100 1.052 1,144 18.500 6,360 5,000 7,115 1,048 3,715 1,000 889 24,600 3,102 7,528 2,890 1,480 1,125 4,640 1,112 9,190 9.996 6,200 20,000 10,000 11,580 778 20.000 15.130 6,744 20.105 24,000 2,500 1,322 10,152 21,000 12,550 942 11,415 1,500 11,000 2,400 9,805 1,890 7.500 5,680 2,000 2,500 600 255.220 112,659 Page 10
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Notes to the Financial Statements For the Year Ended 31 March 2025 OTHER CHARITABLE EXPENDITURE Unrestricted funds Unrestricted funds 2025 2024 Independent examination fee Other 4,800 12.658 4,560 5,062 17,458 9,622 NET INCOMING RESOURCES During the year, 1 Trustee received £6.500 remuneration (2024:£4.500). During the year, no Trustees received any benefits in kind (2024: nil). During the year, 1 Trustee received £300.13 reimbursement of expenses (2024:£322.90). CREDITORS 2025 2024 Accruals less than one year Accruals more than one year 28,055 28,388 Total accruals 28,055 28,388 Incoming Resources resources Expended Carried Forward Brought Forward STATEMENT OF FUNDS Unrestricted funds General funds 409,603 343,133 (272,678) 480,058 Incoming Resources resources Expended Carried Forward Brought Forward STATEMENT OF FUNDS- PRIOR YEAR Unrestricted funds General funds 308.838 223.046 (122,281) 409,603 Page11
Docusign Envelope ID.. D269027A-D833448E-8011-D3A511 FBC3D4 SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUND Notes to the Financial Statements For the Year Ended 31 March 2025 RELATED PARTIES The Samworth Brothers Community Opportunity Fund received a donation of £325.000 from Samworth Brothers Limited (2024- 207,090). Page 12