**Charity registration number 1162631**
**Company registration number 08635392 (England and Wales)**
## **POWER TO INSPIRE**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
## **POWER TO INSPIRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr C P Grayson||
|---|---|---|
||Miss V A Ibbett||
||Mr M A Latchmore||
||Mr R Lightfoot||
||Mr A J Macklin||
||Ms A M Sykes||
||Mr D J Oldham||
||Mr R P Hill|(Appointed 12 July 2021)|
||Ms G E Thake|(Appointed 12 July 2021)|
|**Charity number**|1162631||
|**Company number**|08635392||
|**Registered office**|South Barn, Church Farm||
||Royston Lane||
||Comberton||
||Cambridge||
||United Kingdom||
||CB23 7EE||
|**Independent examiner**|Mark Jackson FCA DChA||
||Azets||
||Ruthlyn House||
||90 Lincoln Road||
||Peterborough||
||PE1 2SP||
|**Bankers**|Metro Bank||
||Unit 1||
||Christ's Lane||
||Cambridge||
||Cambridgeshire||
||CB2 3BZ||
## **POWER TO INSPIRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 16|
## **POWER TO INSPIRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)".
## **Objectives and activities**
Power2Inspire's vision is of a society where everyone can enjoy inclusive sport together, or as we say, "No one left on the bench". Our mission is to embed inclusive sport in communities by delivering events for everyone to enjoy:
- Our PowerHouseGames, our inclusive sports sessions with Universities and Schools;
- Games2Inspire ;
- Festivals of Inclusive Sports, including Super Sensory Kilometres.
Inspired by our founder's experience of not being allowed to join in sport with his non-disabled friends, Power2Inspire is committed to creating sporting opportunities for all. This includes encouraging everyone regardless of age, gender, race, faith, or (dis)ability, to play sport together.
We take our PowerHouseGames primarily into universities. We use a range of sports including sitting volleyball, new age kurling, visual impaired football, table cricket, and boccia. These games are by their nature inclusive, but we also adapt them to suit the needs of each occasion, to include numbers, timing, length and the choice of sports. The purpose is to bring together different parts of the community: university students, local school students from state, independent and SEN schools and local companies, breaking down all sorts of perceived barriers. Our Games2Inspire are to demonstrate inclusive and adapted sports in mainstream schools and wherever possible ensure the participation of disabled and others with additional needs in activities with their peers.
We also hold Festivals of Inclusive Sport, concentrating at each festival on one sport. Each time there has been true inclusive sport, with all abilities playing together. In 2021, we held Festivals of Inclusive Golf, Tennis, Cricket and Badminton, as well as our annual SuperSensory Inclusive Kilometre at Histon which give s people the opportunity to exercise with their friends while experiencing using all of their senses.
Taking all of the above into account the t rustees have given due consideration to the Charity Commission’s published guidance on public benefit and consider the charity’s objectives and activities to be in line within the general charitable purpose of advancement of health and education.
## **Achievements and performance**
The year has seen a gradual return to in person activities following the Covid-19 pandemic. Our activities focus on social inclusion and some continued to be affected by periods of national lockdown and restrictions, in particular during the earlier part of 2021. We were able to resume events in line with government guidance and easing of restrictions from Summer 2021, however there was still a significant impact of Covid-19 during the year overall.
We were able – with the support of some fabulous schools – to hold 11 days of Games2Inspire and with the championing of inclusion and diversity by Cambridge University Sports Centre, 3 PowerHouseGames, which brought a further 6 schools together. We also branched out with our first PowerHouseGames in London at Goodenough College, which was so successful they want us to be a fixture in their induction programme.
Our SuperSensory 1K returned in September (postponed from May due to Covid restrictions). We repeated the event at Impington Running Festival in May 2022 and hope to expand the programme further .
- 1 -
## **POWER TO INSPIRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
Summary of events and attendance:
|**Summary**|**2021**|**2021**|**2020**|**2020**|
|---|---|---|---|---|
||**Events**|**Attendees**|**Events**|**Attendees**|
|PowerHouseGames|2|132|3|173|
|Games2Inspire|9|1,090|8|1,048|
|Community Games|1|12|0|0|
|Festival of Inclusive Sports|4|142|1|22|
|SuperSensory 1Ks|1|36|0|0|
|**TOTALS**|**17**|**1,412**|**12**|**1,243**|
|**Financial review**|||||
|**Income and expenditure**|**2021**|**2020**|||
||**£000**
|**£000**|||
|Income|57|53|||
|Expenditure|(51)|(36)|||
|Surplus/(Deficit)|6|17|||
Prudent management of costs and the legacy of the virtual boat race in 2020 has enabled the charity to survive the lockdowns and bounce back extremely quickly.
|**Balance sheet**|**2021**|**2020**|
|---|---|---|
||**£000**
|**£000**|
|Fixed assets|0|0|
|Current assets|44|34|
|Current liabilities|(8)|(4)|
|Net assets|36|30|
Whilst the charity was not able to deliver as many games as expected in 2021, the Balance Sheet has been strengthened during the year due to fundraising being more successful than expected and receiving some unexpected donations. This will give us the foundation to grow in future periods and strategies for growth are being actively considered and implemented by Trustees.
The majority of the charity's funding comes from donations and due to the unpredictable nature of fundraising income the trustees maintain reserves to support the charity's financial sustainability. It is the policy of the trustees that reserves representing three to six months' expenditure should be held in reserves. Unrestricted reserves held at 31 December 2021 represent just over eight months of expenditure. This is more than stated in our policy which the trustees believe is prudent during the continued period of uncertainty but they also anticipate further spending on increased capacity so that reserves are reduced and annual activity is increased.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The t rustees are responsible for ensuring effective risk management, and that internal controls are in place to appropriately manage the risk exposure of Power To Inspire. The main risks faced by the charity are "Loss of fundraising income"; and "Safeguarding" failures.
We aim to diversify our sources of funding by reaching out to a wide range of organisations including Government, schools, other charities, businesses and individuals, so we are not dependent upon one source of funding for all our activities. When we run our events, which by design include vulnerable people, young and old, we do this in partnership with schools and other organisations so that professional safeguarding standards are maintained throughout .
- 2 -
## **POWER TO INSPIRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The key risks faced by the charity and its mitigations of those risks are set out below.
**Risk 1** - Safeguarding, an incident occurs at an event involving a child or vulnerable adult. _Mitigation_ - Safeguarding policy set and followed; liaison with schools and other participating organisations to use their expertise in safeguarding _._
**Risk 2** - Failure to find sufficient funds to cover costs.
_Mitigation_ - Fundraising plan agreed; finances monitored, and actions agreed at Board; indirect costs minimised.
**Risk 3** - Failure to find sponsors for University PowerHouseGames.
_Mitigation_ - Events and finances planned in advance and only go ahead if finances are satisfactory.
**Risk 4** - Covid 19 pandemic and continued uncertainty - As the post pandemic period evolves, we will work with universities, schools, corporate partners and stakeholders and potential attendees to develop appropriate responses to each activity.
_Mitigation_ – Work with partners to develop up-to-date practice in response to the pandemic and continued uncertainty; invest in back office to monitor costs; and continue to promote online activity.
**Risk 5** - Loss of Founder (former CEO).
_Mitigation_ - Increase diversity of Board; seek funding for additional paid staff, handover to new CEO (was deputy CEO), and plan for succession.
**Risk 6** - Unable to run events due to unforeseen circumstances.
_Mitigation_ - Maintain contact with participating organisations; minimise indirect costs.
**Risk 7** - Lack of demand for events.
_Mitigation_ - Feedback taken at events and learning taken.
**Risk 8** - Board does not have the skills to run the organisation. _Mitigation_ - Skills matrix; recruitment drive, including specialist expertise; trustee training opportunities.
## **Risk 9** - CEO does not deliver on strategy set by the Board.
_Mitigation_ - Scheme of delegation of authority; clear strategy set; performance measured against strategy at Board meetings.
## **Plans for future periods**
The charity’s trustees set the strategy for 2022 in February 2022. Acknowledging the impact of the pandemic and expectation of entering a period of significant growth, they set priorities for 2022 and some aspirations for 2023 and beyond.
Those priorities are:
- Promoting our PowerHouseGames programme, with a re-brand restricting “PowerHouseGames” to the University model games as these have the greatest impact.
- Split out the school games as “Games2Inspire”.
- Developing and expanding our Festivals of Inclusive Sport, including the SuperSensory Inclusive Kilometre.
Trustees allocated funds from reserves to catalyse this growth and to free up the Founder (and now former CEO) to spend more time delivering activities than undertaking back office and promotional work. Also the trustees agreed to invest in the back office in 2022 by appointing a part-time bookkeeper, outsourcing social media activity and engaging with an advertising agency to conduct a branding review and develop a "Playbook" documenting the process and execution of a PowerHouseGames.
- 3 -
## **POWER TO INSPIRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Fundraising**
Power To Inspire’s fundraising has been undertaken by staff, trustees and volunteers. The charity has not used professional fundraisers during the year.
Power To Inspire’s fundraising team adheres to Section 1.2 of the Code of Fundraising Practice and is committed to protecting vulnerable donors. We are not aware of any occasion when we have been in breach of the Fundraising Code of Practice.
We have received no complaints relating to the Fundraising team.
## **Going concern**
The trustees have reviewed the circumstances of Power To Inspire and consider that adequate resources are available to fund the activities of the group for the foreseeable future. Projections are included in management’s regular financial reports to trustees, and income and expenditure is monitored against budget. The trustees are of the opinion that the charity is a going concern and the accounts have been prepared on this basis.
## **Structure, governance and management**
The charity is controlled by its governing document, the Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr C P Grayson Miss V A Ibbett Mr M A Latchmore Mr R Lightfoot Mr A J Macklin Ms A M Sykes Mr B J Tonks (Resigned 6 June 2022) Mr D J Oldham Mr R P Hill (Appointed 12 July 2021) Ms G E Thake (Appointed 12 July 2021)
The charity recruits trustees to match the skills needed on its Board. Trustees are inducted into the charity by the Chair and Chief Executive.
The Board meets at least four times a year to discuss strategy, policy and funding.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' r eport was approved by the Board of Trustees.
Mr A J Macklin **Trustee**
28 September 2022
- 4 -
## **POWER TO INSPIRE**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POWER TO INSPIRE**
I report to the trustees on my examination of the financial statements of Power to Inspire (the charity) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mark Jackson FCA DChA Azets Ruthlyn House 90 Lincoln Road Peterborough Cambridgeshire PE1 2SP United Kingdom
Dated: 29 September 2022
- 5 -
## **POWER TO INSPIRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
37,114
14,088
Charitable activities
**4**
6,034
-
Investments
**5**
11
-
**Total income**
43,159
14,088
**Expenditure on:**
Raising funds
**6**
2,703
-
Charitable activities
**7**
34,413
13,701
**Total resources**
**expended**
37,116
13,701
**Net incoming**
**resources before**
**transfers**
6,043
387
Gross transfers
between funds
-
-
**Net income for the year/**
**Net movement in funds**
6,043
387
Fund balances at 1
January 2021
26,007
4,416
**Fund balances at 31**
**December 2021**
32,050
4,803|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
**£**
**£**
51,202
30,421
19,496
6,034
2,799
-
11
28
-
57,247
33,248
19,496
2,703
928
25
48,114
17,780
17,157
50,817
18,708
17,182
6,430
14,540
2,314
-
(186)
186
6,430
14,354
2,500
30,423
11,653
1,916
36,853
26,007
4,416|Total
2020
**£**
49,917
2,799
28
52,744
953
34,937
35,890
16,854
-
16,854
13,569
30,423|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 6 -
## **POWER TO INSPIRE**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**14**
Unrestricted funds|**2021**
**£**
1,553
42,838
44,391
(7,907)|**£**
369
36,484
36,853
4,803
32,050
36,853|**2020**
**£**
825
33,336
34,161
(4,208)|**£**
470
29,953
30,423
4,416
26,007
30,423|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 28 September 2022
Mr D J Oldham **Trustee**
## **Company Registration No. 08635392**
- 7 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
Power to Inspire is a private company limited by guarantee incorporated in England and Wales. The registered office is South Barn, Church Farm, Royston Lane, Comberton, Cambridge, CB23 7EE, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 9 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 10 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **3 Donations and legacies**
|**4**
**5**
**6**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Donations and gifts
37,114
-
37,114
Grants
-
14,088
14,088
37,114
14,088
51,202
**Charitable activities**
**2021**
**£**
Sales within charitable activities
6,034
**Investments**
**Unrestricted**
**funds**
**2021**
**£**
Interest receivable
11
**Raising funds**
**Unrestricted**
**funds**
**2021**
**£**
Fundraising and publicity
Other fundraising costs
2,053
Trading costs
Other trading activities
650
2,703|**Total**
**2020**
**£**
30,421
19,496
49,917
**2020**
**£**
2,799
**Total**
**2020**
**£**
28
**Total**
**2020**
**£**
778
175
953|
|---|---|---|
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## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **7 Charitable activities**
|Staff costs
Depreciation and impairment
Insurance
Advertising
Admin and PA support
Event costs
Travel
Administrative expenditure
Coaching
Trustees' expenses
Rent
Share of governance costs (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Accountancy and legal
fees
-
2,190
Evaluation costs
-
-
-
2,190
Analysed between
Charitable activities
-
2,190|**2021**
**£**
30,384
101
502
3,185
1,059
2,758
1,269
2,772
3,630
30
234
45,924
2,190
48,114
34,413
13,701
48,114
**2021**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
2,190
-
1,940
-
-
183
2,190
-
2,123
2,190
-
2,123|**2020**
**£**
7,622
376
486
2,506
1,122
2,262
694
916
16,295
-
535
32,814
2,123
34,937
17,780
17,157
34,937
**2020**
**£**
1,940
183
2,123
2,123|
|---|---|---|
## **8 Support costs**
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, but one of them w as reimbursed a total of £ 30 travelling expenses (2020 - none ).
- 12 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **10 Employees**
The average monthly number of employees during the year was:
||**2021**|**2020**|
|---|---|---|
||**Number**|**Number**|
||1|1|
|**Employment costs**|**2021**|**2020**|
||**£**|**£**|
|Wages and salaries|29,687|7,461|
|Other pension costs|697|161|
||30,384|7,622|
There were no employees whose annual remuneration was more than £60,000.
## **11 Tangible fixed assets**
|**Cost**
At 1 January 2021
At 31 December 2021
**Depreciation and impairment**
At 1 January 2021
Depreciation charged in the year
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|**Computer equipment**
**£**
4,124
4,124
3,654
101
3,755
369
470
**2021**
**2020**
**£**
**£**
370
825
323
-
860
-
1,553
825|
|---|---|
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## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **13 Creditors: amounts falling due within one year**
|Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
1,308
1,554
155
4,890
7,907|**2020**
**£**
486
2,100
122
1,500
4,208|
|---|---|---|
- 14 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|
**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 January 2020**|**resources**|**expended**||**1 January 2021**|**resources**|**expended**|**31 December**|
|||||||||**2021**|
||**£**|**£**|**£**|**£**|
**£**|**£**|**£**|**£**|
|Active Essex|1,916|2,500|-|-|
4,416|-|-|4,416|
|Community PowerHouseGames|-|16,996|(17,182)|186|
-|4,458|(4,071)|
387|
|Boost Charitable Trust|-|-|-|-|
-|8,250|(8,250)|
-|
|England & Wales Cricket Board|-|-|-|-|
-|1,380|(1,380)|
-|
||1,916|19,496|(17,182)|186|
4,416|14,088|(13,701)|
4,803|
The grant from Acti v e Essex is restricted to providing “mixed” PowerHouseGames in Essex SEN schools. Unfortunately we continued not to to be able to deliver any of these Games in 2021 due to the pandemic, though now the lockdown has been lifted discussions have re-opened for 2022 as the commitment has been carried over again. The Community PowerHouseGames funding was for Inclusive T’ai Chi delivered by a Cambridgeshire specialist who has a disability and was being championed by Living Sport during lockdown. Boost Charitable Fund was to cover an extra day a week of the deputy CEO’s time to enable the charity to deliver more inclusive sport. The England Wales Cricket Board grant was specifically to establish a Festival of Inclusive Cricket in Cambridgeshire: it was held on 4th December.
- 15 -
## **POWER TO INSPIRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**15**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 31
December 2021 are
represented by:
Tangible assets
369
-
Current assets/
(liabilities)
31,681
4,803
32,050
4,803|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2020**
**2020**
**£**
**£**
**£**
369
470
-
36,484
29,953
-
36,853
30,423
-|**Total**
**2020**
**£**
470
29,953
30,423|
|---|---|---|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2020 - none) .
- 16 -