REGisfERED COMPANY NUMBER: CE003932 (England and Wales)
REGIStERED CHARrtY NUMBER: 1161323
REPORT OF THE TRusfEES AND
AUDttED FINANCIAL stATEmE￿s
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
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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
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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
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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 Be￿shIre by expandirHJ our dI￿t 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 desCriL￿d ￿10￿. All our tharitsble activibes focus on improving the lives
of people experiencing mental heath problems
Who used and I￿nefited from our services
Sport in Mind delivers spjrt and physical activty interventions to iMp￿Ve 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.
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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 prc*Jrammes 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, MU￿1-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
UnfOres￿n 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 rese￿e5 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.
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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 n*ds 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 quIc￿Y 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 ex￿rienCe 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.
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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 con￿rn.
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 t￿Stee5 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 con￿rn 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 Decern￿r 2024 and signed on ils behalf by:
P McAdam - Trustee
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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 Aud￿ng (UK) (ISAS (UK)) and applicable law.
Our responsibilib.es under those standards are further de￿ril￿d 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 responsibil￿e$ 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 re￿rt 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.
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REPORT OF THE INDEPENDEpif AUDrroRS TO THE TRusfEES OF
SPORT IN MIND
Responsibilities of trustees
As explained more fully in the Ststement of TnJstees' Restxjnsibil￿e5, 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 res￿nd 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 forn￿d.
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
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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
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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 s￿ned on tis behalf by:
P McAdam - Trustee
J R N Her￿r3- Trustee
The notes fomi part of these financial statements
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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
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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
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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 Repo￿ng 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
LiabIl￿eS 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 L￿en 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 Pa￿Cular 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 t￿nSiOn 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.
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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 AC￿V[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
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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.
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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.
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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 c￿dItorS
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 a￿ve 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)
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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
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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 lim￿ed 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
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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 Inte￿5t
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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