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2025-02-28-accounts

REGISTERED CHARITY NUMBER: 1161323

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SPORT IN MIND

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

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SPORT IN MIND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

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 19
Detailed Statement of Financial Activities 20

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SPORT IN MIND

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2025

TRUSTEES P McAdam
J Watson (resigned 28.3.24)
R Crowder
A Preece
J R N Herrera (resigned 27.3.25)
J Scott (resigned 1.12.24)
D Peaple
G Bednash (appointed 8.4.24)
A Holland (appointed 1.7.24)
Mrs K Sangha (appointed 27.3.25)
H Wannell (appointed 27.3.25)
R Davies (appointed 27.3.25)
G Newby (appointed 27.3.25)
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
BANKERS Nationwide Building Society
PO BOX 3
5-11 St Georges Street
Douglas
Isle of Man
IM99 1AS
CAF Bank Limited
25 Kings Hill Avenue Kings Hill,
West Malling, Kent ME19 4JQ
CHIEF EXECUTIVE OFFICER N Harris

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SPORT IN MIND

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 28 FEBRUARY 2025

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

P - Partnerships - working together and building strong relationships

O - Optimism - giving hope and optimism

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

  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

  3. 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.

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SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

Achievements and Performance

During this year, Sport in Mind has continued its growth, providing the widest range of sport and physical activity sessions for people struggling with their mental health across the South of England and Wales ever seen. Across the thousands of sessions delivered this year, Sport in Mind has provided 40+ different sports and physical activities, following requests for new activities from our beneficiaries and the NHS. Demand for our inpatient and community sports services, and our educational programme has grown significantly with interest now from every county in England and Wales, and 35 countries globally.

Throughout the year we have continued to deliver sport and physical activity programmes for adults, children, young people and mums & babies struggling with their mental health, along with our educational programmes. All our programmes continue to be delivered with our long-term partner the NHS, with work taking place 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, Dorset Healthcare University NHS Foundation Trust, Devon Partnership NHS Trust, Cornwall Partnership NHS Trust, Avon and Wiltshire NHS Partnership, CNWL, Somerset Partnership NHS Foundation Trust, Aneurin Bevan Health Board, Cardiff and Vale University Health Board and Cwm Taf Morgannwg University Health Board.

In the past year we have:

This year's achievements have been extraordinary, powered by the unwavering dedication of our remarkable volunteers. Their commitment has enabled Sport in Mind to reach new heights, delivering life-changing support to communities across the country. Sport in Mind would like to extend our heartfelt thanks to every volunteer for their generosity, compassion, and tireless efforts-they are the golden thread running through our organisation.

Our volunteers have made a profound difference in countless ways:

Beyond our face-to-face programmes and educational outreach, our digital presence has grown by a fantastic 18% to 22,165 followers across Instagram, Meta, LinkedIn, X, and TikTok, reflecting the growing influence and reach of Sport in Mind. Social media impressions for the year were 1,525,589.

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 £1,047,137

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 three months operating costs of the charity as reserves, totalling £317,012

Free reserves required: £317,012 Free reserves held: £411,858

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.

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SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

There was a total of £802,863 (2024: £944,869) of restricted reserves held at the year end.

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. The majority of funds are held in instant access bank accounts with HSBC, CAF and Nationwide to gives the necessary flexibility to enable the Trustees to quickly respond to changes in demand for services. The charity also holds funds in the following interest-bearing accounts - 35-day access Nationwide Account, Cambridge and Counties (6 month fixed rate bond) and United Trust Bank (1 year bond).

Future plans

The last year has proven an exciting time for the charity with demand continuing to grow rapidly for our services locally, nationally and globally. Sport in Mind continues to have 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 in line with our 7-year strategy.

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 7 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 1.

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SPORT IN MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

FINANCIAL REVIEW

Going concern

At the balance sheet date, the charity had an excess of current assets over current liabilities and net assets of £1,214,721 (2024: £1,435,634). 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".

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the 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 and The Charity (Accounts and Reports) Regulations 2008. 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.

10 / 12 / 2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

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

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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 2025 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:

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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.

Lildhen tele

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

10-12-2025 Date: .............................................

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SPORT IN MIND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

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/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
356,105
-
-
-
-
7,201
25,958
389,264
58,363
253,513
156,295
468,171
(78,907)
490,765
411,858		 Restricted
funds
£
36,672
-
290,482
98,547
27,500
204,672
-
657,873
-
769,047
30,832
799,879
(142,006)
944,869
802,863		 28.2.25
Total
funds
£
392,777
-
290,482
98,547
27,500
211,873
25,958
1,047,137
58,363
1,022,560
187,127
1,268,050
(220,913)
1,435,634
1,214,721		 28.2.24
Total
funds
£
270,201
165,586
350,415
114,158
30,653
232,250
14,288
1,177,551
44,963
810,181
76,002
931,146
246,405
1,189,229
1,435,634

The notes form part of these financial statements

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SPORT IN MIND

BALANCE SHEET 28 FEBRUARY 2025

28.2.25 28.2.24
Unrestricted Restricted Total Total
fund funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Investments 11 45 - 45 45
CURRENT ASSETS
Debtors 12 41,830 - 41,830 26,384
Cash at bank 436,890 802,863 1,239,753 1,434,226
478,720 802,863 1,281,583 1,460,610
CREDITORS
Amounts falling due within one year 13 (66,907) - (66,907) (25,021)
NET CURRENT ASSETS 411,813 802,863 1,214,676 1,435,589
TOTAL ASSETS LESS CURRENT LIABILITIES 411,858 802,863 1,214,721 1,435,634
NET ASSETS 411,858 802,863 1,214,721 1,435,634
FUNDS 15
Unrestricted funds 411,858 490,765
Restricted funds 802,863 944,869
TOTAL FUNDS 1,214,721 1,435,634

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 10 / 12 / 2025

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

............................................. G Newby - Trustee

The notes form part of these financial statements

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SPORT IN MIND

CASH FLOW STATEMENT

FOR THE YEAR ENDED 28 FEBRUARY 2025
28.2.25
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(220,431)
Net cash (used in)/provided by operating activities
(220,431)
Cash flows from investing activities
Purchase of fixed asset investments
-
Interest received
25,958
Net cash provided by investing activities
25,958
Change in cash and cash equivalents in
the reporting period
(194,473)
Cash and cash equivalents at the
beginning of the reporting period
1,434,226
Cash and cash equivalents at the end of
the reporting period
1,239,753		 28.2.24
£
211,019
211,019
(45)
14,288
14,243
225,262
1,208,964
1,434,226

The notes form part of these financial statements

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SPORT IN MIND

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Interest received
Increase in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 28.2.25
£
(220,913)
(25,958)
(15,446)
41,886
(220,431)		 28.2.24
£
246,405
(14,288)
(13,574)
(7,524)
211,019

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Total		 At 29.2.24
£
1,434,226
1,434,226
1,434,226		 Cash flow
£
(194,473)
(194,473)
(194,473)		 At 28.2.25
£
1,239,753
1,239,753
1,239,753

The notes form part of these financial statements

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

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, with the exception of investments which are included at market value.

Going Concern

At the balance sheet date, the charity had an excess of current assets over current liabilities and net assets of £1,214,721 (2024: £1,435,634). 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.

Donated goods

Donated Fixed Assets are valued at £Nil due to not having any redeemable value after use and are therefore not considered for disclosure in the accounts under Fixed Assets.

continued...

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Sport England
Grants
NHS
Grants
Local Authority
Grants
Public
Grants
Non Public
5.
RAISING FUNDS
Raising donations and legacies
Fundraising
6.
CHARITABLE ACTIVITIES COSTS
Charitable activities
Support costs		 Direct
Costs
£
1,022,560
12,197
1,034,757		 28.2.25
£
392,777
28.2.25
£
25,958
28.2.25
£
-
290,482
98,547
27,500
211,873
628,402
28.2.25
£
58,363
Support
costs (see
note 7)
£
-
174,930
174,930		 28.2.24
£
270,201
28.2.24
£
14,288
28.2.24
£
165,56
350,415
114,158
30,653
232,250
893,062
28.2.24
£
44,963
Totals
£
1,022,560
187,127
1,209,687

continued...

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

7. SUPPORT COSTS

Governance
Management
costs
£
£
Support costs
168,772
6,158
Support costs, included in the above, are as follows:
Management
28.2.25
Support
costs
£
Travel and subsistence
35,166
Insurance
3,722
Training
4,434
IT and communications
19,646
Postage and stationery
4,473
Subscriptions and marketing
43,229
Health and safety
5,156
Consultancy
50,250
Storage
165
Sundry
2,279
Bank charges
252
168,772
Governance costs
28.2.25
Support
costs
£
Auditors' remuneration
5,040
Accountancy and legal fees
1,118
6,158		 Totals
£
174,930
28.2.24
Total
activities
£
20,235
2,108
2,894
24,332
6,840
3,304
4,196
1,800
2,100
511
182
68,502
28.2.24
Total
activities
£
4,500
3,000
7,500

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 28 February 2024.

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 25 (2024: 22).

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

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
256,209
Charitable activities
Sport England
-
NHS
-
Local Authority
-
Public
-
Non Public
16,133
Investment income
14,288
Total
286,630
EXPENDITURE ON
Raising funds
44,963
Charitable activities
Charitable activities
101,543
Support costs
53,048
Total
199,554
NET INCOME
87,076
RECONCILIATION OF FUNDS
Total funds brought forward
403,689
TOTAL FUNDS CARRIED FORWARD
490,765
11.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 29 February 2024 and 28 February 2025
NET BOOK VALUE
At 28 February 2025
At 28 February 2024		 Restricted
Total
funds
funds
£
£
13,992
270,201
165,586
165,586
350,415
350,415
114,158
114,158
30,653
30,653
216,117
232,250
-
14,288
890,921
1,177,551
-
44,963
708,638
810,181
22,954
76,002
731,592
931,146
159,329
246,405
785,540
1,189,229
944,869
1,435,634
Shares in
group
undertakings
£
45
45
45

There were no investment assets outside the UK.

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

12. DEBTORS

DEBTORS
28.2.25 28.2.24
£ £
Amounts falling due within one year:
Other debtors 15,000 -
Prepayments 1,830 1,384
16,830 1,384
Amounts falling due after more than one year:
Other debtors 25,000 25,000
Aggregate amounts 41,830 26,384

Within other debtors is a loan balance of £25,000 (2024: £12,500) owed by Run Talk Run, a subsidiary of Sport in Mind.

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25 28.2.24
£ £
Trade creditors 43,103 16,965
Other creditors 17,959 3,275
Accrued expenses 5,845 4,781
66,907 25,021

14. LEASING AGREEMENTS

The charity entered into a lease agreement for a property during the year. The lease has a term of three years and includes an option to break annually. The lease is held at a peppercorn rent and therefore no lease payments are recognised in the Financial Statements.

A deposit of £15,000, included within other debtors, was paid in connection with this lease agreement and is expected to be recovered in full at the end of the lease term, subject to the terms of the agreement.

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS		 At
29.2.24
£
490,765
272,293
672,576
944,869
1,435,634		 Net
movement
in funds
£
(78,907)
(64,191)
(77,815)
(142,006)
(220,913)		 At
28.2.25
£
411,858
208,102
594,761
802,863
1,214,721

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
389,264
Restricted funds
Designated fund
36,672
Restricted fund
621,201
657,873
TOTAL FUNDS
1,047,137
Comparatives for movement in funds
At 1.3.23
£
Unrestricted funds
General fund
403,689
Restricted funds
Designated fund
295,620
Restricted fund
489,920
785,540
TOTAL FUNDS
1,189,229
Comparative net movement in funds, included in the above are as follows:		 Resources
expended
£
(468,171)
(100,863)
(699,016)
(799,879)
(1,268,050)
Net
movement
in funds
£
87,076
(23,327)
182,656
159,329
246,405		 Movement
in funds
£
(78,907)
(64,191)
(77,815)
(142,006)
(220,913)
At
28.2.24
£
490,765
272,293
672,576
944,869
1,435,634
Unrestricted funds
General fund
Restricted funds
Designated fund
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
286,630
13,992
876,929
890,921
1,177,551		 Resources
expended
£
(199,554)
(37,319)
(694,273)
(731,592)
(931,146)		 Movement
in funds
£
87,076
(23,327)
182,656
159,329
246,405

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

15. MOVEMENT IN FUNDS - continued

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 1.3.23
£
403,689
295,620
489,920
785,540
1,189,229		 Net
movement
in funds
£
8,169
(87,518)
104,841
17,323
25,492		 At
28.2.25
£
411,858
208,102
594,761
802,863
1,214,721

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
£
675,894
50,664
1,498,130
1,548,794
2,224,688		 Resources
expended
£
(667,725)
(138,182)
(1,393,289)
(1,531,471)
(2,199,196)		 Movement
in funds
£
8,169
(87,518)
104,841
17,323
25,492

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 Total funds
2025 2024
£ £
South East Programme 180,492 169,972
Crocombe Legacy 10,353 55,464
Bushby Legacy 785 4,842
South West & Wales 23,076 27,217
South West & Wales 23,076 27,217
214.706 257,495

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 2025 and beyond.

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SPORT IN MIND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

15. MOVEMENT IN FUNDS - continued

South West and Wales is 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.

16. RELATED PARTY DISCLOSURES

A balance of £25,000 (2024: £25,000) was owed by Run Talk Run CIC, a subsidiary of Sport in Mind, as at 28 February 2025. The loan was non-interest bearing.

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SPORT IN MIND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

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
Other costs
Support costs
Management
Travel and subsistence
Insurance
Training
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 (expenditure)/income		 28.2.25
£
392,777
25,958
628,402
1,047,137
58,363
566,160
47,221
18,954
364,784
37,638
-
1,034,757
35,166
3,722
4,434
19,646
4,473
43,229
5,156
50,250
165
2,279
252
168,772
5,040
1,118
6,158
1,268,050
(220,913)		 28.2.24
£
270,201
14,288
893,062
1,177,551
44,963
456,847
34,454
16,124
270,738
29,190
2,828
810,181
20,235
2,108
2,894
24,332
6,840
3,304
4,196
1,800
2,100
511
182
68,502
4,500
3,000
7,500
931,146
246,405

This page does not form part of the statutory financial statements

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