OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-02-28-accounts

REGISTERED CHARITY NUMBER: 1161323

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SPORT IN MIND

Richardson Jones Chartered Accountants & Registered Auditors Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18
Detailed Statement of Financial Activities 19

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2023

TRUSTEES P McAdam
J Watson
R Crowder
A Preece
J R N Herrera (appointed 24.11.22)
J Scott (appointed 26.6.23)
D Peaple (appointed 9.12.23)
PRINCIPAL ADDRESS Sport in Mind
Rivermead Leisure Centre
Richfield Avenue
Reading
REGISTERED CHARITY NUMBER 1161323
AUDITORS Richardson Jones
Chartered Accountants &
Registered Auditors
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
BANKERS HSBC Bank
Reading Branch
26 Broad Street
Reading
Berkshire
RG1 2BU
Virgin Money
160 Friar St
Reading
Berkshire
RG1 1HE
Nationwide Building Society
PO BOX 3
5-11 St Georges Street
Douglas
Isle of Man
IM99 1AS
CHIEF EXECUTIVE OFFICER N Harris

Page 1

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

OBJECTIVES AND ACTIVITIES

Our Aims and Objectives

Purposes and Aims

Sport in Mind's purpose, as set out in the objects contained in the charity's constitution, are:

Ensuring our work delivers our aims

Sport in Mind reviews our aims, objectives and activities each year. The review looks at the service that we have provided and the outcomes our work has achieved in the previous twelve months; at the success of each activity delivered and the benefits they have brought to those groups of people we are established to help. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they set.

The focus of our work

We believe people experiencing mental health problems should have the same opportunities to engage in sport and physical activity as everyone else

We recognise that in order to provide the best possible service people with lived experience of mental health problems should play a key role in the development and delivery of our work

We believe that raising awareness of mental illness amongst the wider population is vital to reduce stigma.

Strategic Report

Our Mission:

'Our mission is to improve the lives of people experiencing mental health problems through sport and physical activity' Our Values:

S - Supportive - offering care and encouragement within a supportive environment

T - Trust - promoting integrity, reliability and fairness

Our Strategic Goals:

  1. Build upon our core success in Berkshire by expanding our direct service geographically and achieve a UK wide presence through digital channels

  2. Influence, educate and inspire as a national thought leader on the importance of physical activity for mental wellbeing

  3. To be an accessible and inclusive organisation in all that we do

  4. Increase capacity and resources to grow and sustain our impact

How our activities deliver public benefit

Our main activities and who we try to help are described below. All our charitable activities focus on improving the lives of people experiencing mental health problems

Who used and benefited from our services

Sport in Mind delivers sport and physical activity interventions to improve the mental health of people in England and Wales, and educational programmes to enhance the public's understanding of mental health. The charity provides services in safe, supportive and accessible environments in order to help improve people's mental and physical health, aid recovery, build self-esteem, combat social isolation, learn new skills and empower individuals to move their lives forward in a positive direction.

Page 2

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

Achievements and Performance

During this year, Sport in Mind has continued to grow steadily across the South, with huge demand for both the charity's inpatient and community services coming from across the UK. The pandemic and subsequent lockdowns have played a key role in NHS mental health services receiving record levels of referrals and due to the charity's long-term relationship with the NHS we have seen a nature spike in demand nationally also. Throughout the year we have continued to deliver sport and physical activity programmes for adults, children and young people and mums and babies struggling with their mental health along with our educational programmes. All our programmes have continued to be delivered with our long-term partner the NHS, with work taking place during the year with Berkshire Healthcare NHS Foundation Trust, Oxford Health NHS Foundation Trust, Southern Health NHS Foundation Trust, Surrey & Borders NHS Foundation Trust, Sussex Partnership NHS Foundation Trust, Devon Partnership NHS Trust, CNWL and Aneurin Bevan Health Board.

We have continue working on the RED January campaign, run by RED Together, with the aim of getting the nation moving every day in January for their mental health, raising awareness of Sport in Mind's services and fundraising to support the delivery of our programmes. During the year the campaign managed to get over 10,000 people moving for their mental health and raising awareness of the benefits of physical activity on mental health.

In addition to the 10,000 people who we got moving for their mental health through RED January, in the past year we have:

Our volunteers have again supported Sport in Mind amazingly this year, helping our charity in a multitude of different ways. These include:

As a charity, online connectivity has become increasingly important for us in recent years and during the previous 12 months our website traffic has increased dramatically, with unique visits increasing by 32% to 243,657.

Financial Review

The Statement of Financial Activities, set out on page 8 reflects all incoming resources and expenditure in the year.

During this accounting period the Charitable Incorporated Organisation's (CIO) income was £1,145,539

Reserves Policy

The Trustees have carefully considered Sport in Mind's exposure to the risk of any significant loss of income or unforeseen cost. It is thus our policy to hold six months operating costs of the charity as reserves, totalling £356,456.

Free reserves required: £356,456 Free reserves held: £398,574

The Trustees believe that this level of free reserves is sufficient for our current level of activity. These reserves are held in a low-risk interest bearing accounts with Virgin Money and Nationwide which has proven a prudent and effective course of action over the past few years.

There was a total of £785,540 (2022: £225,570) of restricted reserves held at the year end.

Page 3

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

Risk management

The Trustees Board have a duty to identify and review the risks to which the charity is exposed to ensure appropriate risk management processes are in place. The risk management process at Sport in Mind involves the identification and analysis of risks, their assessment in terms of potential impact and likelihood of materialization and the development of response strategies considering short, medium and long term outcomes, with a timeframe for mitigation that is compatible with the severity and speed of onset of each risk, in order to allow for an adequate reduction of exposure. These processes are reviewed periodically to ensure that they continue to meet the needs of the charity.

The cycle of risk management at Sport in Mind's has identified as key risks, the following: achievement of sustainable funding and partner retention, cybersecurity, a responsible attitude towards data protection, and the potential of circumstances affecting safeguarding, equality, and inclusion affecting our staff or consumer audiences.

Sport in Mind monitors its key risks and mitigation actions determined necessary to reduce exposure, aiming at achieving effectiveness and efficiency in their design, gathering information that may improve the overall Risk assessment process and constantly improving the process through the analysis of events, trends and changes in the external and internal contexts.

Investment Policy

Under the constitution the charity has the power to make any investments which the Trustees deem appropriate. The Trustees apply their judgement and expertise in making all decisions on investments. All funds are held in instant access bank accounts with HSBC, Virgin Money and Nationwide, and a 35-day access Nationwide Account. This avoids risk of capital loss and gives the necessary flexibility to enable the Trustees to quickly respond to changes in demand for services.

Future plans

The last year has proven an exciting time for the charity with demand reaching record levels. In the last 12 months, we have received interest in Sport in Mind delivering in all NHS regions across England and Wales. Sport in Mind has a sound financial basis upon which to build for the future and over the next 12 months we seek to continue our plan to build new connections across England and Wales, and work closely with people with lived experience of mental health problems to shape our service and explore new opportunities. Our short-term aim (12-24 months) is to expand services across the South of England, Wales and the Midlands.

Structure, Governance and Management

Governing Document

Sport in Mind is governed by its constitution. The Board of Trustees is responsible for the overall governance of the charity and meet a minimum of four times a year. The quorum is three charity Trustees.

The present membership of the Board of Trustees is set out on page 1. A regular skills audit is carried out to ensure that the Trustee body has the appropriate mix of skills and experience. New Trustees receive an induction pack containing information about Sport in Mind and its work. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the accounts.

Election and re-election of Trustees is carried out by approval by the Board of Trustees. The Chief Executive is consulted regarding all appointments. Sport in Mind has always actively encouraged people with lived experience of mental illness to be involved in the charity's work and our board will ensure that at least one Trustee has personal experience of such conditions.

The trustees are responsible for the governance of the organisation. The management function rests with the Chief Executive, Neil Harris, who is responsible for ensuring the charity undertakes its services effectively and that the Trustees are kept well informed. The Chief Executive is assisted by a team of staff and volunteers. A staff pay structure is in place and reviewed regularly against market rates.

Reference and Administrative Details

Sport in Mind is a Charitable Incorporated Organisation (charity number 1161323) formed on 20th April 2015, having previously operated as an unincorporated charity of the same name for 4 years.

Details of Trustees and external advisers are given on page 2.

Page 4

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

FINANCIAL REVIEW

Going concern

At the balance sheet date, the charity had an excess of current assets over current liabilities and net assets of £1,189,229 (2022: £835,318). As noted in the Trustees' Annual Report, the Trustees have considered the charity's status as a going concern and as a result of their work they consider that there are no material uncertainties about the charity's ability to continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a constitution, and constitutes a Charitable Incorporated Organisation (CIO), as defined by the Charities Act 2011.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 21[st] December 2023 and signed on its behalf by:

................................................................. P McAdam - Trustee

Page 5

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SPORT IN MIND

Opinion

We have audited the financial statements of Sport in Mind (the 'charity') for the year ended 28 February 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence 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 concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the 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 charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise 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 performed, 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:

Page 6

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SPORT IN MIND

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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 charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 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 to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance 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 could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to Sport in Mind and the sector in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act 2011 and UK tax legislation. Our procedures included:

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.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity'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 charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Richardson Jones Chartered Accountants & Registered Auditors Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN

Date: 21[st] December 2023

Page 7

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Sport England
NHS
Local Authority
Public
Non Public
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Charitable activities
Support costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
312,322
-
-
551
3,475
2,355
5,272
323,975
26,312
109,957
59,365
195,634
128,341
275,348
403,689		 Restricted
funds
£
40,896
222,353
226,864
163,995
35,500
131,956
-
821,564
-
574,634
21,360
595,994
225,570
559,970
785,540		 28.2.23
Total
funds
£
353,218
222,353
226,864
164,546
38,975
134,311
5,272
1,145,539
26,312
684,591
80,725
791,628
353,911
835,318
1,189,229		 28.2.22
Total
funds
£
318,896
171,571
5,750
34,756
23,418
123,957
676
679,024
43,442
511,861
76,476
631,779
47,245
788,073
835,318

The notes form part of these financial statements

Page 8

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

BALANCE SHEET 28 FEBRUARY 2023

Notes
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
12,810
423,424
436,234
(32,545)
403,689
403,689
403,689		 Restricted
funds
£
-
785,540
785,540
-
785,540
785,540
785,540		 28.2.23
Total
funds
£
12,810
1,208,964
1,221,774
(32,545)
1,189,229
1,189,229
1,189,229
403,689
785,540
1,189,229		 28.2.22
Total
funds
£
213
1,007,730
1,007,943
(172,625)
835,318
835,318
835,318
275,348
559,970
835,318

The financial statements were approved by the Board of Trustees and authorised for issue on 21[st] December 2023 and were signed on its behalf by:

............................................. P McAdam - Trustee

............................................. A Preece - Trustee

The notes form part of these financial statements

Page 9

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

CASH FLOW STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2023
28.2.23
Notes
£
Cash flows from operating activities
Cash generated from operations
1
195,962
Net cash provided by/(used in) operating activities
195,962
Cash flows from investing activities
Interest received
5,272
Net cash provided by investing activities
5,272
Change in cash and cash equivalents in
the reporting period
201,234
Cash and cash equivalents at the
beginning of the reporting period
1,007,730
Cash and cash equivalents at the end of
the reporting period
1,208,964		 28.2.22
£
(10,413)
(10,413)
676
676
(9,737)
1,017,467
1,007,730

The notes form part of these financial statements

Page 10

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2023

1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Interest received
Increase in debtors
Decrease in creditors
Net cash provided by/(used in) operations		 ACTIVITIES
28.2.23
£
353,911
(5,272)
(12,597)
(140,080)
195,962		 28.2.22
£
47,245
(676)
(30)
(56,952)
(10,413)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Total		 At 1.3.22
£
1,007,730
1,007,730
1,007,730		 Cash flow
£
201,234
201,234
201,234		 At 28.2.23
£
1,208,964
1,208,964
1,208,964

The notes form part of these financial statements

Page 11

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Going Concern

At the balance sheet date, the charity had an excess of current assets over current liabilities and net assets of £1,189,229 (2022: £835,318). As noted in the Trustees' Annual Report, the Trustees have considered the charity's status as a going concern and as a result of their work they consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has received the funds.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations 28.2.23
£
353,218		 28.2.22
£
318,896

continued...

Page 12

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

3.
INVESTMENT INCOME
28.2.23
£
Deposit account interest
5,272
4.
INCOME FROM CHARITABLE ACTIVITIES
28.2.23
Activity
£
Grants
Sport England
222,353
Grants
NHS
226,864
Grants
Local Authority
164,546
Grants
Public
38,975
Grants
Non Public
134,311
787,049
5.
RAISING FUNDS
Raising donations and legacies
28.2.23
£
Fundraising
26,312
6.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 7)
£
£
Charitable activities
684,591
-
Support costs
-
80,725
684,591
80,725
7.
SUPPORT COSTS
Governance
Management
costs
£
£
Support costs
69,654
11,071		 28.2.22
£
676
28.2.22
£
171,571
5,750
34,756
23,418
123,957
359,452
28.2.22
£
43,442
Totals
£
684,591
80,725
765,316
Totals
£
80,725

continued...

Page 13

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

7. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Management

Management
28.2.23 28.2.22
Support Total
costs activities
£ £
Travel and subsistence 13,415 6,056
Insurance 1,583 1,425
Travelling 5,403 3,521
IT and communications 32,866 37,404
Postage and stationery 2,354 8,913
Subscriptions and marketing 4,659 2,511
Health and safety 4,215 1,877
Consultancy 923 11,315
Storage 1,500 1,050
Sundry 2,547 893
Bank charges 189 36
69,654 75,001
Governance costs
28.2.23 28.2.22
Support Total
costs activities
£ £
Auditors' remuneration 4,500 -
Accountancy and legal fees 6,571 1,475
11,071 1,475

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.

Trustees' expenses

During the year, no expenses were paid to trustees or any person connected to them.

9. STAFF COSTS

The average monthly number of employees during the period was 16 (2022: 10).

No employees received emoluments in excess of £60,000.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 279,816 39,080 318,896
Charitable activities
Sport England - 171,571 171,571
NHS - 5,750 5,750
Local Authority - 34,756 34,756
Public 12,342 11,076 23,418

continued...

Page 14

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
£
£
Non Public
3,900
120,057
Investment income
676
-
Total
296,734
382,290
EXPENDITURE ON
Raising funds
43,442
-
Charitable activities
Charitable activities
172,704
339,157
Support costs
38,787
37,689
Total
254,933
376,846
NET INCOME
41,801
5,444
RECONCILIATION OF FUNDS
Total funds brought forward
233,547
554,526
TOTAL FUNDS CARRIED FORWARD
275,348
559,970
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23
£
Other debtors
12,500
Prepayments
310
12,810
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23
£
Trade creditors
28,045
Other creditors
4,500
32,545		 Total
funds
£
123,957
676
679,024
43,442
511,861
76,476
631,779
47,245
788,073
835,318
28.2.22
£
-
213
213
28.2.22
£
172,625
-
172,625

continued...

Page 15

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS

continued...

Page 16

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
296,734
39,080
343,210
382,290
679,024		 Resources
Movement
expended
in funds
£
£
(254,933)
41,801
(8,666)
30,414
(368,180)
(24,970)
(376,846)
5,444
(631,779)
47,245

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS		 At 1.3.21
£
233,547
246,310
308,216
554,526
788,073		 Net
movement
in funds
£
170,142
49,310
181,704
231,014
401,156
1		 At
28.2.23
£
403,689
295,620
489,920
785,540
,189,229

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
620,709
79,976
1,123,878
1,203,854
1,824,563		 Resources
expended
£
(450,567)
(30,666)
(942,174)
(972,840)
(1,423,407)		 Movement
in funds
£
170,142
49,310
181,704
231,014
401,156

continued...

Page 17

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

13. MOVEMENT IN FUNDS - continued

From the donations and legacies received, the following funding has been designated for a set purpose by the trustees to part finance specific projects and commitments of the charity:

Total funds
2023
£
South East Programme 184,410
Crocombe Legacy 74,114
Bushby Legacy 5,974
South West & Wales 26,760
291,258

South East Programme is a project to deliver Sport in Mind services for people experiencing mental health problems across the South East of England in partnership with NHS trusts.

The Crocombe and Bushby Legacies are projects aimed specifically at the delivery of Sport in Mind's children and young person programmes.

There is limited movement in these funds during the year as the charity has successfully secured additional funds to support the delivery of these projects, with the current designated funds acting as match funding. The designated funds remain ringfenced for the delivery of the charity's programmes in the South East and CYP Programmes for 2023 and beyond.

South West and Wales is a new project focused specifically on the delivery of Sport in Mind's sport and physical activity interventions for people experiencing mental health problems in the South West of England and Wales.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2023.

15. POST BALANCE SHEET EVENTS

On 01-03-2023 the Charity purchased a company called Run Talk Run CIC, company number 11698473.

Page 18

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

SPORT IN MIND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising
Charitable activities
Wages
Social security
Pensions
Sports session costs
Equipment costs
Campaign costs
Support costs
Management
Travel and subsistence
Insurance
Travelling
IT and communications
Postage and stationery
Subscriptions and marketing
Health and safety
Consultancy
Storage
Sundry
Bank charges
Governance costs
Auditors' remuneration
Accountancy and legal fees
Total resources expended
Net income		 28.2.23
£
353,218
5,272
787,049
1,145,539
26,312
342,989
26,252
13,938
240,924
21,988
38,500
684,591
13,415
1,583
5,403
32,866
2,354
4,659
4,215
923
1,500
2,547
189
69,654
4,500
6,571
11,071
791,628
353,911		 28.2.22
£
318,896
676
359,452
679,024
43,442
264,668
19,457
11,735
69,878
20,498
125,625
511,861
6,056
1,425
3,521
37,404
8,913
2,511
1,877
11,315
1,050
893
36
75,001
-
1,475
1,475
631,779
47,245

This page does not form part of the statutory financial statements

Page 19

Doc ID: 1016d00f6f0e090adba39e1dacf23dd51aafacdb

Audit trail

Sign

Annual report Title SIM 2023 Accounts...l RJCA signed.pdf File name Document ID 1016d00f6f0e090adba39e1dacf23dd51aafacdb Audit trail date format DD / MM / YYYY Status Signed

21 / 12 / 2023 Sent for signature to Paul McAdam (paul@sportinmind.org) and 11:30:04 UTC Andy Preece (andy.preece@sportinmind.org) from info@sportinmind.org IP: 84.69.13.119 21 / 12 / 2023 Viewed by Paul McAdam (paul@sportinmind.org) 11:31:34 UTC IP: 80.249.216.232 21 / 12 / 2023 Signed by Paul McAdam (paul@sportinmind.org) 11:32:41 UTC IP: 80.249.216.232 21 / 12 / 2023 Viewed by Andy Preece (andy.preece@sportinmind.org) 13:42:40 UTC IP: 86.24.135.145 21 / 12 / 2023 Signed by Andy Preece (andy.preece@sportinmind.org) 13:43:09 UTC IP: 86.24.135.145 21 / 12 / 2023 The document has been completed. 13:43:09 UTC

Sign

Powered by