REGisfERED COMPANY NUMBER: CE003932 (England and Wales) REGIStERED CHARrtY NUMBER: 1161323 REPORT OF THE TRusfEES AND AUDttED FINANCIAL stATEmEs FOR THE YEAR ENDED 28 FEBRUARY 2024 FOR SPORT IN MIND Richardson Jones Chartered Accountsnts & Registered Auditors Mercury House 19-21 Chapel Street Madow Bucknnghamshi SL7 3HN Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND coMrENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 Page Reference and Administr*ive Details Report of the Trustees 2 to 5 Report of the Independent Audito 6 to 7 statement of Financial Artivities Balance Sheet Cash Flow Statement io Notes to the Cash Flow Ststement li Notes to the Financial Statements 12 to 18 Detailed Statement of Financial Activities 19 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 28 FEBRUARY 2024 TRusfEES P McAdam J Watson (resigned 28.3.24) R Crowder A Preece l R N Herrera J Scott {apwinted 26.6.23) D Peaple (appointed 9.12.23) G Bednash (apwinted 8.4.24) A Holland (appointed 1.7.24) PRINCIPAL ADDRESS Swrt in Mind Rivemead Leisure Centre Richfield Avenue Reading REGIStERED CHARtrY NUMBER 1161323 AUDrroRS Richardson Jones Chartered Accountsnts & Registered Auditors Mercury House 19-21 cha[1 Street Marlow Buckinghamshire SL7 3HN BANKERS HSBC Bank Reading Branch 26 Broad Street Reading Berkfjhire RGI 2BU Virgin Money 160 Friar St Reading Berkshi RGI IHE BANKERS Nationwide Building Sooety POBOX3 5-11 st Georges Street Douglas Isle of Man IM99 IAS CAF Bank Limited 25 Kings Hill Avenue Kings Hill, West Malling, Kent ME19 4JQ CHIEF EXEciJfIvE OFFICE N Harris Page I Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND REPORT OF THE TRusfEES FOR THE YEAR ENDED 28 FEBRUARY 2024 OBJEcfivES AND AcrIvrriES Our Aims and Objectives Purposes and Aims Sport in Mind's purwse, as set out in the objects contained in the charty's constituti"on, are: The relief of sickness and the preseNation of health among people experiencing mental illness or in need of rehabilitston as a res of such illness through the provision of or assistsnce in providing facilities to enable individuals to participate in sport and other physical recreats"on. - To advance the education of the public on the subject of mental health. Ensuring our work delivers our aims Sport in Mind reviews our aims, objectives and actiwties each year. The review looks at the service that we have provided and the outcomes our work has achieved in the previous ttvelve 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 contsined in the Lharity Commission's general guidance on public nefft when reviewing our aims and objertives and in planning our future activities. In particular, the Trust consider how planned activities will contribute to the aims and objectives they set. The focus of our work We believe people experiencing mentsl health problems should have the same optX)rtunities to engage in sport and physical ath.vity as everyone else We recognise that in order to provide the best possible seNce people with lived experien 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 wpulation is vital to reduce stigma. Strategic Report Our Mission: 'Our mission is to improve the lives of people experiencing mentsl health prObIen through sport and physical activity, Our Values: S - Suprx)rtive - offering care and encouragement within a supportive environment P - Partnerships - working together and lIdIng strong lationShipS O - Optimism - giving hope and optimism R - Respect - giving respect to all T - Trust - promoting integrity, reliability and fai Our Strategic Goals: l. Build upon our core success in BeshIre by expandirHJ our dIt seNce gecoraphicalty and achieve a UK wide Presen through digital channels 2. Influen, educate and inspire as a national thought leader on the Importan 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 benefft Our main activities and who we try to help are desCriLd 10. All our tharitsble activibes focus on improving the lives of people experiencing mental heath problems Who used and Inefited from our services Sport in Mind delivers spjrt and physical activty interventions to iMpVe 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, suptx)rbve and accessible enwronments in order to help improve people's mental and physical health, aid recovery, build self-esteem, combat social isolation, learn new sknlls and emwwer individuals to move their lives foNard in a pjsitive direction. Page 2 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND REPORT OF THE TRusfEES FOR THE YEAR ENDED 28 FEBRUARY 2024 Achievements and Perforniance During this year. Sport in Mind Servi have continued to grow steadity across the &)uth. with huge UK demand for the charity's inpatient and communty Ser, and educational programmes. The charity now has interest in its services from every county in England and Wales. Throughout the year we have continued to deliver S)rt and physical activity prcJrammes for adults, children and young people and mums and babies struggling with their mental health along with our educats.onal programmes. All our programmes continue to be delivered with our long-temi partner the NHS, with work tsking place during the year with Berkshire Healthcare NHS Foundation Tnjst, Oxford Health NHS Foundation TrusL Southern Health NHS Foundation Trust, Surrey & Borders NHS Foundation Trust, Sussex Pathership NHS Foundation Trust. Devon Partnership NHS Trust. Cornwall Partnership NHS Trust, Avon and Wiltshire NHS Partnership, Central and North West London NHS Twst and Aneurin Bevan Health Board. In the past year we have.. - Helped over 6,0(HJ adults and children with mentsl health problems thrryjgh sport and physical activity Delivered across 140 locations, covering 14 counties. Delivered in excess of 6,000 hours of suprK)rted sport and physical activty provision Distributed over 3,000 Wellbeing Journals and aLtiwty packs to help support children and adults struggling with their mental health - Delivered 5 sports days (fcKJtball, badminton, MU1-S)rt toumaments l events) Provided educational programmes to over 2.000 children and young people Provided volunteering opportun"e5 for 147 people (those wth and without lived experien of mental health problems) It has again been an acknon-packed year and wlthout the support of our amazing volunteers we wouldn't have been able to do all that we have during the year. As a result, we want to do a special mention to all those volunteers who have supported us this year - thank you everyone for your SUPFQrt, knndness and generosity! Our volunteers have again supwrted Swrt in Mind in a multitude of ways. Th& include: Running sessions Supporting the delivery of sessions Organisats'on of online campaigns Planning programmes, events and groups Raising awareness Attending events Fundraising In addition to our work delivering factrt(Fface sp)rt and physical artivity sessions, and educational programmes, our digital presence is becoming inueasingly impK>rtant to us. During the previous 12 months our website impressions have increased by 60/0 to 259,740, an increase of 630/0 since 2021. With social followers across Insts. Meta. Linkedin, X and TikTok totslling 18,780. Financial Review The Statement of Financial Acbvities. *t out on page 8 reflects all incoming resources and expenditure in the year. During this accounting period the Charitable IncorForated Organisation's (CIO) income was £1,177,551. Reserves Policy The Trustees have carefully considered SrM)rt in Mind's exposu to the risk of any significant loss of income or UnfOresn cost. It is thus our policy to hold six months operab.ng costs of the charity as reseNes, totalling £465,573 Free reserves required.. £465,573 Free reserves held.. £490,765 The Trustees trklieve that this level of free resee5 is sufficient for our current level of acbmty. These reserves are held in 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 totsl of £944,869 (2023: 1785.540) of restricted reserves held at the year end. Page 3 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND REPORT OF THE TRusfEES FOR THE YEAR ENDED 28 FEBRUARY 2024 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 Swrt in Mind involves the identification and analysis of risks, their assessment in tem)s of wjtential impact and likelihood of materialization and the development of response strategies considering short, medium and long terni outcomes, wtth 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 nds of the charity. The cycle of risk management at Swrt in Mind'5 ha5 identified as key risks, the following.. achievement of sustsinable funding and partner retention, cytrkrsecurity, a reswjnsible attitude tr)wards data protection, and the wtents'al of circumstsnces affecting safeguarding. equality. and inclusion affecting our staff or consumer audien. Sport in Mind monitors its key risks and mitigation actions deteThined necessary to redu exposure, aiming at achiewng effectiveness and efficiency in their design, gathering infomiation that may improve the overall Risk assessment process and constsntly improving the prixess through the analysis of events. trends and changes in the external and internal contexts. Investment Policy Under the constitution the charity has the wwer to make any investsnents which the Twstees deem appropriate. The Trust 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 capitsl loss and gives the necessary flexibility to enable the Trustees to quIcY reswnd to changes in demand for Future lans The last year has proven an exciting time for the charity with demand again reaching record levels. In the last 12 months, we have received interest in us delivering Servi from every county in England and Wales. Sport in Mind continues to have a sound financial basis UFon which to build for the fijture and over the next 12 months we seek to continue our plan to build new connections across England and Wales, and work dosely with people with lived experien of mental health problems to shape our serwce and explore new opportunities. During the year we have launched a 7-year strategy to enable the charity to expand services acro every NHS region in England and Wales. In the short-term (12 months), we will Ee looknng to build our Presen in South WesL London, Wales and in the Midlands. Structure Governan and Mana ernent Governing Document Sport in Mind is governed by its consbtution. The Board of Trustees is responsible for the overall govemance of the charity and meet a minimum of four b.mes a year. The quorum is three charty Trustee5. The present membership of the Board of Trustees rs set out on page l. A regular skills audrt is carried out to ensure that the Trustee tx)dy has the appropriate mix of skills and experience. New Trustees receive an induction pack containing information atr)ut 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-elecbon of Trustees is carried out by approval by the ard of Trustees. The Chief Executive is consulted regarding all appointments. Sp)rt in Mind has alway5 actively encouraged Feople with lived experience of mentsl illness to be involved in the charity's work and our board will ensure that at least one Trustee has personal exrienCe of such condibons. The trustees are responsible for the g0Veman of the organisation. The management function rests with the thief Executive, Neil Harris, who is resp)nsible for ensuring the charity undertakes its services effectively and that the Trustees are kept well infomied. The Chief Executive is assisted by a team of staff and volunteers, with the charity divided into two teams - Operations and Growth & Innovation Team. A siaff pay structure is in pla for stsff and reviewed regularly against market rates. Run Talk Run is a CIC. owned by Sport in Mind. Skx)rt in Mind's senior leadership team oversee the day to day running of the CIC, with the charity's Volunteer Manager, Shaun Matthews, leading on all volunteer led initsatives. Page 4 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND REPORT OF THE TRusfEES FOR THE YEAR ENDED 28 FEBRUARY 2024 Reference and Administrative Details Sport in Mind is a Charitable Incorporated Organisation (charity number 1161323) fomied on 20th April 2015, having previously operated as an unincorwrated charity of the same name for 4 years. Detsils of Trustees and extemal advisers are given on page l. FINANCIAL REVIEW Going concern At the balance sheet date, the charity had an excess of current assets over ojrrent liabilibes and net assets of £1,431,134 (2023.. £1.189,229). As noted in the Trust, Annual Retx>rt. the Trustees have considered the charity's ststus as a going concern and a5 a resu of their work they consider that there are no material untrrtainb'es ab)ut the charity's ability to continue as a going conrn. srRucfuRE. GOVERNANCE AND MANAGEMEKr Governing document The charity is controlled by its goveming document, a constitution, and constitutes a Charitable Incorporated Organisation (CIO). as defined by the Charities Art 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. srATEMENT OF TRUSTEES, RESPONSIBILrrIES The trustees are responsible for preparing the Rewrt of the Tnjstees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practi) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charitses in England and Wales, the CharTknes Act 2011, Charity (Accounts and Repxjrts) Regulations 2008 and the provisions of the trust deed requires the tStee5 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 In preparing those financial statements. the trustees are qUired to select suitable accounting wlicies and then apply them consistendy; obseNe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, sub]"ert to any material departures disclosed and explained in the financial statements; prepare the financial ststements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The trustees are respjnsible for keeping proper accounting records which disclose with reasonable acojracy at any time the financial position of the charity and to enable them to ensure that the financial ststements 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 hen for takn.ng reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the b)ard of trustees on 18th Decernr 2024 and signed on ils behalf by: P McAdam - Trustee Page 5 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
REPORT OF THE INDEPENDEpif AUDrroRS TO THE TRusfEES OF SPORT IN MIND Opinion We have audited the financial statements of Sport in Mind (the 'chartV) for the year ended 28 February 2024 which comprise the Statement of Financial Attivities, the Balance Sheet, the Cash How Ststement and notes to the financial statements, including a summary of significant accounting F¥)licies. The financial reFQrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Rep)rbng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion the financial statements: give a true and fair view of the state of the charrtvs affairs as at 28 February 2024 and of tts incoming resources and application of resources, for the year then ended. have been properly prepared in accordan with United ngdoM Generally Accepted Accounting Practi, including Financial Rewrting Stsndard 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland,; and have been prepared in accordance wrth the requirements of the Charitses Act 2011. Basis for opinion We condurted our audft in accordance with Intemational Standards on Audng (UK) (ISAS (UK)) and applicable law. Our responsibilib.es under those standards are further derild in the Audttors, resEK)nsibilities for the audit of the financial statements section of our report. We are independent of the charty in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Stsndard, and we have fvlfilled our other ethical responsibile$ in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to prowde 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 concem basis of accounting in the preparab.on of the financial statements is appropnate. Based on the work we have perfom)ed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a peri(Ki of at least twelve months from when the financial slatements are authorised for issue. Our reswjnsibilities and the reswnsibilities of the trustees with respect to going concem are described in the relevant settions of this report. other inforniation The trustees are reswjnsible for the other infomiation. The other infomiation comprises the infomiation included in the Annual Rerxjrt, other than the finanaal s&itements and our Rewrt of the IndeF*ndent Auditors thereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly ststed in our report, we do not express any fonn of assurance condusion thera)n. In connection wth our audit of the financial statements, our reswnsibility is to read the other information and, in doing so, consider whether the other infomiation 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 detemiine whether this gives rise to a material misststement in the financial statements themselves. If, based on the WO we have perfomied, we conclude that there is a material misstatement of this other information, we are required to rert that facL 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 Whe the Chaiibes (Accounts and Reports) Regulations 2008 requires us to rewrt to you if, in our opinion: the information given in the Rewrt of the Trustees is inconsistent in any material respett with the financial statements. or sufficient accounting records have not teen kept; or the financial ststements 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. Page 6 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
REPORT OF THE INDEPENDEpif AUDrroRS TO THE TRusfEES OF SPORT IN MIND Responsibilities of trustees As explained more fully in the Ststement of TnJstees' Restxjnsibile5, the trustees are re5Fonsible for the preparation of the financial ststements which give a true and fair view, and for such intemal control as the tnjstees determine is necessary to enable the preparation of finanaal statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are resw)nsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees erther intend to liquidate the charty or to cease operations, or have no realiskn"c alternative but to do so. Our responsibilities for the audit of the financial ststements We have been appointed as auditors under Section IH of the Charities Act 2011 and report in accordan wth the Act and relevant regulations made or hawng effect thereunder. Our objectives are to obtain reasonable assurance about whether the finanaal statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Rewrt of the Independent Auditor5 that includes our opinion. Reasonable assuran is a high level of assuran, but is not a guarant that an audit conducted in accordance with (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be experted to influence the economic decisions of users tsken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detsil8J below.. We gained an understanding of the legal and regulatory framework applicable to Sport in Mind and the sector in which "rt 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 resnd to the risl recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one Ulting from error. as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentsb"ons, 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 tsx legislation. Our procedures included.. - agreeing the financial statement disclosures to undetying SUPFQrting dc(umentstion enquiries with management understanding of management's intemal controls designed to prevent and detect irregularities. - reading the minutes of meetings of trustees A further description of our reswnsibilities for the audit of the financial statements is located on the Financial Rewrting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report of the Independent Auditors. Use of our port This rerK)rt is made solely to the charivs trustees, as a LNx1y, in accordance wtth Part 4 of the Charities (Accounts and Rewrts) 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, reFK)rt and for no other purpose. To the fijllest extent pemiitted by law, we do not accept or assume resty)nsibility to anyone other than the charity and the chartty's trustees as a body, for our audit work, for this report, or for the opinions we have fornd. for and on tsehalf of Richardson Jones Chartered Accountants & Registered Auditors Eligible to act as an auditor in temis of Section 1212 of the Companies Act 2006 Mercury House 19-21 Chapel Street Marlow Buckinghamshi SL7 3HN Date: 18-12-2024 Page 7 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND srATEMENT OF FINANCIAL AcfIvTfIES FOR THE YEAR ENDED 28 FEBRUARY 2024 28.2.24 Total fvnds 28.2.23 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMEKfs FROM Donations and legacies 256,209 13,992 270,201 353,218 Charitable artivities Sport England NHS Local Authority Public Non Public 165,586 350,415 114,158 30,653 216,117 165,586 350,415 114,158 30,653 232,250 222,353 226,864 164.546 38,975 134,311 16,133 Investment income Totsl 286 630 890 921 1 177 551 1 145 539 EXPENDMIRE ON Raising funds H,963 44,963 26,312 Charitable artivities Charitable activities Support costs 101,543 708,638 810,181 684,591 Totsl 731 592 791628 NET INCOME 87,076 159,329 246,405 353,911 RECONCIUATION OF FUNDS Total funds brought forward 403,689 785,540 1,189,229 835,318 TOTAL FUNDS CARRIED FORWARD 490 765 1435 634 1 189 229 The notes fomi part of these financial statements Page 8 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND BALANCE SHEET 28 FEBRUARY 2024 28.2.24 Total fvnds 28.2.23 Total funds Unrestricted fund Restricted funds Not FIXED ASSErs Investments li 45 45 CURRENT ASSETS Debtors Cash at bank 12 26,384 489 357 26,384 1434 226 12,810 1208 964 515,741 944,869 1,460,610 1,221,774 CREDThORS Amounts falling due within one year 13 (25,021) (25,021) (32,545) NEf CURREKf ASSErs 1435 589 1 189 229 TOTAL ASSEfs LESS CURREMf LIABILrrIES 490.765 944,869 1.435,634 1.189,229 NEf ASSErs 490 765 944.869 1435 634 1189 229 FUNDS Unrestricted funds Restricted funds 14 490,765 403,689 785 540 TOTAL FUNDS 1435 634 1 189 229 The financial ststements were approved by the Board of Trustees and authorised for issue on 18th December 2024 and were sned on tis behalf by: P McAdam - Trustee J R N Herr3- Trustee The notes fomi part of these financial statements Page 9 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND CASH FLOW sfATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2024 28.2.24 28.2.23 Notes Cash flows from operating activities Cash generated from OFerations 211019 195 962 Net cash provided by operating ath"vtbes 211019 195 962 Cash flows from investing activities Purchase of fixed asset investsnents Interest ceiVed (45) Net cash provided by investing aLtiwties Change in cash and cash equivalents in the reporting period Cash and cash equivalents atthe beginning of the reporting period 225,262 201,234 1208 964 1007 730 Cash and cash equivalents at the end of the reporting period 1434 226 1208 964 The notes fomi part of these financial statements Page 10 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE CASH FLOW sfATEMEKr FOR THE YEAR ENDED 28 FEBRUARY 2024 RECONCIUATION OF INCOME TO CASH FLOW FROM OPERATING ACTIVtrIES 28.2.24 28.2.23 Net income for the reporting period (as per the Statanent of Finanaal Activities) Adjustments for: Interest received Increase in debtors Decrease in creditors 246,405 353,911 (14.288) (13,574) (5,272) (12,597) 140 080) Net cash provided by operations 211019 195 962 ANALYSIS OF CHANGES IN NEf FUNDS At 1.3.23 Cash flow At 28.2.24 Net cash Cash at bank 1208 964 225 262 1434 226 1 208 964 225 262 1434 226 Totsl 1208 964 225 262 1434 226 The notes fomi part of these financial statements Page 11 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 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 Charitses SORP (FRS 102) 'Accounts"ng and Repong by Charities: Ststement 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) (effertive I lanuary 2019),, Financial Reporting Stsndard 102 The Financial Reporb"ng Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial ststements have been prepared under the historical c05t convention, with the exception of investsments which are included at market value. Going Concern At the balance sheet date, the charity had an excess of ojrrent assets over current liabilities and net assets of £1,435,634 {2023'. £1.189,229}. As noted in the Twstees. Annual Rewrt the Trustees have considered the charity's status as a going concem and as a result of their work they consider that there are no material uncertrainties about the charity'5 ability to continue as a going concem. Income All income 15 recognised in the Statement of Financial ALtivtties On the charity has received the funds. Expenditure LiabIleS are recognised as expendiiure as soon as there is a legal or constructtve obligation committing the charity to that exEEnditure, it is probable that a transfer of economic benefits will LE required in settlement and the amount of the obligation can measured reliably. Exrknditure 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 direcuy attributed to particular headings they have Len allocated to acttvities on a basis consistent with the use of resources. Interest receivable Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the charity. this is normally uwn notification of the interest paid or payable by the bank. Taxation The charity is exempt from tax on tts (harttable acbvities. 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 parkncular restricted purposes within the objects of the chanty. Restrictions arise when specified by the donor or when fijnds are raised for PaCular restricted pury)oses. Further explanation of the nature and purp)se 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 tnSiOn scheme. Contribubons payable to the charity's pension scheme are charged to the Ststement of Financial Acbvities in the period to which they relate. Donated goods Donated Fixed Assets are valued at £Nil due to not having any redeemable value after use and a therefo not considered for disclosure in the accounts under Fixed Assets. Page 12 continued... Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2024 DONATIONS AND LEGACIES 28.2.24 28.2.23 Donations 270 201 353 218 INVEStMENT INCOME 28.2.24 28.2.23 Deposit account interest INCOME FROM CHARThABLE ACV[rIEs 28.2.24 28.2.23 Activity Grants Swrt England NHS 165,586 350,415 114,158 30,653 232,250 222,353 226,864 164,546 38,975 134,311 Grants Grants Local Authority Public Grants Grants Non Public 893 062 787 049 RAISING FUNDS Raising donations and legacies 28.2.24 28.2.23 Fundraising CHARrrABLE AcrIvrriES cosrs Support Costs (see note 7) Direct Costs Totsls Charitable activities Support costs 810.181 810,181 810 181 886 183 Page 13 continued... Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2024 SUPPORT COSTS IkTrvernance Management Totals Support costs Support costs, included in the ab)ve, are as follows.. Management 28.2.24 Support 28.2.23 Total artivities Travel and Subsisten Insurance Training tr and communications Postsge and stationery Subscriptions and marketing Health and safety Consultancy Storage Sundry Bank charges 20,235 2,108 2,894 24,332 6,840 3,304 4.196 1,800 2,100 511 182 13,415 1,583 5,403 32,866 2,354 4,659 4,215 923 1,500 2,547 189 Governance costs 28.2.24 Support 28.2.23 Total activibes Auditors, remuneration Accountancy and legal fees 4,500 4,500 TRusfEES' REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 28 February 2024 nor for the year ended 28 February 2023. Trustees. expenses During the year, no expenses were paid to trustees or any person connected to them. srAFF cosrs The averdge monthly number of employees during the Feriod was 22 (2023: 16). No employees received emoluments in excess of £60.000. Page 14 continued... Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2024 io. COMPARATIVES FOR THE ATEmE OF FINANCIAL ACtivttIES Unrestricted fund Restricted fvnds Total funds INCOME AND ENDOWMErirs FROM Donations and legacies 312,322 40,896 353,218 Charitable artivities SExJrt England NHS Local Authority Public Non Public 222,353 226,864 163,995 35,500 131,956 222,353 226,864 164.546 38,975 134,311 551 3,475 2,355 Investment income Totsl 323 975 1 145 539 EXPENDrruRE ON Raising funds 26,312 26,312 Charitable artivities Charitsble activities Support costs 109,957 574,634 684,591 Total 195 634 791628 NEf INCOME 128,341 225,570 353,911 RECONCILIATION OF FUNDS Total fijnds brought foNard 275,348 559,970 835,318 TOTAL FUNDS CARRIED FORWARD 403 689 1 189 229 ii. FIXED ASSEf INVEsfMENTS Shares in group undertakings MARK VALUE Additions 45 NET BOOK VALUE At 28 February 2024 45 At 28 February 2023 There were no investment assets outside the UK. During the year 900/0 of the share capital of Run Talk Run was acquired by the charity. Group accounts were not prepared on the basis that the Run Talk Run accounts were considered to insignificant in size and thus not deemed appropriate. Page 15 continued... Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2024 12. DEBTORS 28.2.24 28.2.23 Amounts falling due within one year= Other debtors Prepayments 12,500 310 Amounts falling due after more than one year: Other debtors Aggregate amounts Wtthin other debtors is a loan balan of £25,000 (2023: £12,500) owed by Run Talk Run, a Subsidiary of Sport in Mind. 13. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 28.2.24 28.2.23 Trade creditors Other cdItorS Accrued expense5 16,965 3,275 21,860 5,977 14. MOVEMENT IN FUNDS Net movement in fvnds At 28.2.24 At 1.3.23 Unrestricted funds General fvnd 403,689 87,076 490,765 Restricted funds Designated fund Restricted fund 295,620 489 920 (23,327) 182 656 272,293 672 576 159 329 TOTAL FUNDS 1 189 229 1435 634 Net movement in funds, included in the ave are as follows.. Incoming resources Resources expended Movement in funds Unrestrirted funds General fiJnd 286,630 (199,554) 87,076 Restricted funds Designated fund Restricted fund 13,992 876 929 (37,319) 694 273) {23,327) 182 656 890 921 731 592) 159 329 TOTAL FUNDS 1 177 551 931 146) Page 16 continued... Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2024 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in ftjnds At 28.2.23 At 1.3.22 Unrestrirted funds General fund 275,348 128,341 403,689 Restricted funds Designated fund Restritted fund 276,724 283 246 18,896 206 674 295,620 489 920 559 970 225 570 785 540 TOTAL FUNDS 835 318 353 911 1 189 229 Comparative net movement in funds, induded in the alx)ve are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 323,975 (195,634) 128,341 Restricted funds Designated fvnd Restricted fund 40,896 (22,000) 573 994) 18,896 206 674 595 994) 225 570 TOTAL FUNDS 1 145 539 791628) 353 911 A current year 12 months and prior year 12 months combined pmjsition is as follows.. Net movement in funds At 28.2.24 At 1.3.22 Unrestrirted funds General fund 275,348 215,417 490,765 Restricted funds Designated fund Restricted fund 276.724 (4,431) 389 330 272,293 672 576 559 970 TOTAL FUNDS 835 318 600 316 1435 634 Page 17 continued... Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2024 14. MOVEMENT IN FUNDS - continued A current year 12 months and wor year 12 months combined net movement in funds. induded in the above are as follows= Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 610,605 {395,188) 215,417 Restricted funds Designated fund Restritted fund 54,888 1657 597 (59,319) 1268 267) (4,431) 389 330 1 712 485 1327 586) TOTAL FUNDS 2 323 090 1722 774) 600 316 From the donations and legacies received, the following fvnding has been designated for a set purpose by the trustees to part Finan specific pro] and commitrnents of the chartty: Totsl funds 2024 Totsl funds 2023 South East Programme Crocombe Legacy Bushby Legacy South West & Wales 169,972 55.464 4.842 27,217 184,410 74,114 5,974 26,760 South East Programme is a project to deliver SFQrt in Mind for Ople experiencing mental health problems across the South East of England in pathership with NHS trusts. The Crocombe and Bushby Legacies are pro]eLts aimed Spec[fical at the delivery of SFQrt in Mind's children and young person programmes. There is limed movement in the* funds during the year as the charity has successfully ured additional funds to support the delivery of these pro]erts, wth the current designated funds acb.ng as match funding. The designated funds remain ringfenced for the delivery of the charty's programmes in the South East and CYP Programmes for 2024 and Wond. South West and Wales is focused ¥)ectfically on the delivery of Sport in Mind's Sport and physical activity interventions for people experiencing mentsl heath problems in the South West of England and Wales. 15. RELATED PARTY DISCLOSURES A balance of £25,000 (2023: £12,500) was owed by Run Talk Run CIC, a subsidiary of Sport in Mind, as at 28 February 2024. The loan was non-interest bearing. Page 18 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
SPORT IN MIND DEfAILED sfATEMEKf OF FINANCIAL AcnvrrIES FOR THE YEAR ENDED 28 FEBRUARY 2024 28.2.24 28.2.23 INCOME AND ENDOWMENTS Donations and legacies Donations 270,201 353,218 Investment income Deposit account Inte5t 14,288 5,272 Charitable artivities Grants 893 062 787 049 Totsl incoming resour 1,177,551 1,145,539 EXPENDrnIRE Raising donations and legacies Fundraising 44,963 26,312 Charitable activities Wages Social security Pensions Sport5 session costs Equipment costs Campaign costs Other costs 456,847 34,454 16,124 270,738 29,190 342,989 26,252 13,938 240,924 21,988 38,500 810,181 684,591 Support costs Management Travel and subsisten Insuran Training IT and communications Postage and stationery Subscriptions and marketing Health and safety Consultancy Storage Sundry Bank charges 20,235 2,108 2,894 24,332 6,840 3,304 4,196 1,800 2,100 511 182 13,415 1,583 5,403 32,866 2,354 4,659 4,215 923 1,500 2,547 189 68,502 69,654 Governance Costs Auditors, remuneration Accountancy and legal fees 4,500 4,500 Total resources exFended 791628 Net income 246 405 353 911 This page does not fomi part of the statutory financial statements Page 19 Doc ID.. 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b
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Sport in Mind -draft annual report and financial statements Title Title File name File name SIM_accounts_2024...-_signed_RJCA.pdf Document ID Document ID 2e9770e343db56bbf4e8eb9b3666ab2b88b0208b Audit trail date format Audit trail date format DD / MM / YYYY Status Status ° Signed
19 / 12 / 2024 Sent for signature to Paul McAdam (paul@sportinmind.org) and 09:53:33 UTC Rafael Nunez (rafael.nunez@sportinmind.org) from info@sportinmind.org IP: 86.130.121.26 19 / 12 / 2024 Viewed by Paul McAdam (paul@sportinmind.org) 09:54:09 UTC IP: 80.249.216.232 19 / 12 / 2024 Signed by Paul McAdam (paul@sportinmind.org) 09:54:33 UTC IP: 80.249.216.232 20 / 12 / 2024 Viewed by Rafael Nunez (rafael.nunez@sportinmind.org) 14:46:42 UTC IP: 165.225.80.212 20 / 12 / 2024 Signed by Rafael Nunez (rafael.nunez@sportinmind.org) 14:48:39 UTC IP: 165.225.80.212 20 / 12 / 2024 The document has been completed. 14:48:39 UTC
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