Amber Valley School Sport Partnership {ClO) Charity Number 1162691 ACCOUNTS For the year ended 31st August 2024 New6lr8et Accounllng 819 New Slreet. ￿frel0n, Oerbyshlr8. DE55 7BP Amber Valley School Sport Partnershlp (CIO) Charlty Number 1162691 ACCOUNTS For the year ended 31st August 2024 Truste￿DIrectOrS Chair Paul Leeson Wendy Lynam Klm Buxlon Chris Pi8naar Inez Hewill-Richards Chrls Greenhough Secr8tarlal Support Sue Pacey Reglstered AddrèAS CIO Swanwlck School and Sports College Hayes Lane Swanwlck Derbyshire DE55 7DR Newstreet Acwunbng 819 New SlreetAltreton D8rbyshir¢ DE55 7BP Amber Valley School Sport Partnership {ClO) Charity Number 1162691 ACCOUNTS For the year ended 31st August 2024 Ind8pend8nt Examiner8 Report RaspèctSv• respon5ibllltles ot th& Trustees. and Examiner The charity's Trustees (who are also Directors of the Company for Company law purposes) are responsible for the prèparation of th8 accounts. The Charity's Trusle8s consider that an audit is not required for this year under section 111 of the Chariles Act 2011 and that an Indapendenl examination Is not reoulred. Havlng e51ablish8d the ¢ompany Is not subjgGt to audll under company law and eliglb19 lor an independent examlnation it is my responslbllity lo.. Examlne Ihg accounts under sg¢lion 145 of the 2011 Act. Follow the procedure lald down In the general dir&¢tions given by the charity cornmissloners under sectlon 145151 ol the 2011 Act.. and state wholher parUcular mstters have come lo my 8tt8nlion. Basls of the Indgpgndont Examln•r'g report My examination was carrled out in a¢Gordance wllh the general directions glven by the charity commisslon. An 8xaminatSon included a revlew of the accounting records kept by the charity ané a comparison of the 8c¢ounl8 presented wllh those records. 11 also Includ&s consideratton of 9ny ¢oncernlng any such maller. The procedures undertaken do not provld8 all evidence that would be requlred Sn an audit and consequanlly no opnlon Is given as to whglher the accounts prèsent a Iru8 gnd fair vigw" and th8 report is limited lo those matter8 sel out in the slatamgnl btrli)w. Independgnt Examlners Report In CDnn8ctlon with my examination, no matter has come to my attention.. 1. Which gives m8 reasonable cause to believg that in any malertal respect the requlremanls.. To Kgep accounung records In accordance wtth section 386 of the Companles Act 2006.. and To Prepare accounts which 8ccord with the accounting requirements of the companies Act 2006 and ￿th the methods and principals of the slalemenl of Recomm8nded Practice- Accounting and Reporting by Charities {FRS102 SORPI have lo been met or: 2. To which In my opinion. attention should be drawn In order lo enabl8 a proper understanding of the accounts to be reached. Signed Date 11111124 NewStr881 A¢￿￿ntIng 819 New Street AWrEton Derbyshir2 DE55 7BP Amber Valley School Sport Partnership CIO Charity Number 1162691 ACCOUNTS For the year ended 31. August 2024 Trustee5 Report Legal Status Amber Valley School Sport Partnership is a Charitable Incorporated Organ15ation ICIOI registered charity and, therefore has no share capital, The charity Is governed by a constitution. Exemptions The Trustee5/Director5 have taken advantage of the exemptions available to small ompanles, Including the audlt exemption15ee statement on balance sheet). Maln Actlvities Amber Valley School Sport Partnership CIO IAVSSPI provldes a borough wlde programme of Physical Education, Sport and Physical Activlty support to schools Including staff trainln8 and development, intra and Inter-school athletic competition and event opportunities as well as resources, advSce and guidance to schools, staff and governors. The charity aim5 to provlde hlgh quality enrichment opportunlties for young people through sport and physical activity, often prioritising those in deprived areas or who face inequalities such as dSsability, 8ender or ethnicity. AVSSP work alongside sports clubs and community provlders to offer new opportunities and signpost people to further opportunities to be healthy and active. The charity also works alongside regional and national partners to broaden the reach of physical activity opportunities such as Bikeability, School Games, HAF & the FA Girls Football Partnership. The CIO employ5 13 full time and 6 part-time staff plus casual workers as and when needed in certain specific programmes. The 13 full-time and 6 part-time members of staff are involved In supporting the teaching and learning of the PE curriculum and providing a range of extra-curricular and enrichment activities across the 72 Schools in Amber Valley. Summary of the Accounting Period During this accounting period has seen the reinforcement of the previous three years strong financial growth with the organisation able to sustain similar levels of tumover and staffing costs. The charities policy on reserves Within the next financial year, we will aim to ensure that we continue to have an excess of at least Six months, income over expenditure to reinvest in the organisation as and when necessary. Responsibilities of the Trustees Charity Law requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended. In preparing these financial statements, the trustees are required tD.' select suitable accounting policles, as described in the 'notes' section, and apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The Trustees must also prepare the financial statements an the going concern basis unless it is Inappropriate to a55ume that the charity will continue in business. The Trustees are responsible for keeping the proper accounting records which dSsclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financlal statement5 comply with the Charlties Act 2011. Ambèrvalley School Sport Partnership Charlty Numbèr 1162691 Icioi Income and Expèndlture A¢¢tsuntfor the year endod 315t August 2024 Unr¢$tri¢to Funds Restrfct8d Fund5 Ro.statBd Total 2023 Total 2024 Not08 Incoma Inv8Stm8nt Income Hollday Club Affiliatlon Coa¢hin9 SeNices Giant Funding CPD Dellvgry Incorne SpeGlyl DpllvBry SETT Fundlng Course Ftt&5 Sundrylmisc or other Income 8ank Interest Total Incorn• 23,107 46,455 70750 423,050 226,351 1,325 48142 11,408 31.642 64600 422,894 248,992 9,038 59702 1320 11250 14615 278 845,177 874,41Y 3917 e45.177 Exp8ndlture Runnlng Casts Rent & RatE18 Transport Costs Indudlng fuèl Insurance Depreciatlon Prlnllng, postagtr.and stsllonary TE18phon8 Office Cost$ Venue Hlra Equlpmenl Clothing Catarlng CPD Fees Repairs Salaries,pen5ion ¥Thd glher costs $18fi CPD AdVe￿$Ing DBS Professlonal Faes Audit and accoutsncy Sundry Bank Gharges and finanryal costs. Tot81 Expenses Net incom81loulgolngl befor8 transfers Nel gainllos58s on investments N8t mov8menl In funds In Ihe year Funds brougm fokward Total Funds carrfed lo￿ard S1,020 4734 117ee 3369 3670 1000 1072 3091 8gOS4 e651 1451 6685 9511 6016 587100 35,899 10682 8256 4587 1039 404 2140 22728 2410 7861 12173 260 539634 3,644 3,481 700 2,736 1,080 4&5 741 2,464 720 336 750,453 750,453 657,714 94,724 94.724 94724 218,703 708807 492,104 803531 708.807 Néwsl￿￿ Accounii e19 New St*eiAllrelDn D8rbysNre DE55 78P Amber Valley School Sport Partnership (CIO) Charity Number 1162691 Cash Flow for theyear ended 31st August 2024 Net income for period New Vehicla Adjustments for Depreclatlon Decrease in Debtors Docraase in Credltors 94724 3670 14021 6947 Net Cash used in opgratlonal actlvlty 119362 Bank & Cash Bank & Cash Investment Increase 3110812023 522817 3110812024 619072 23107 119362 Amber Valley School Sport Partnershlp ICIO Charlty Number 1162691 Balance Sheet as at 31stAugust 2024 R84tatsd 2,023 2024 2.024 2023 Notes Fixed Assets 14,678 18.348 Currènt Ass8t8 D•blor5 Inv8Stmenls Cash at benk and In hand 19331 184515 619072 822918 33352 161408 522817 717577 Credltor8.'Amount$ failrng dug wlthln ona year 34065 27.118 Nel current AssglslL1abllltl8S 803,531 708,807 Not AN￿19 io 803.531 708.807 Capltal$ and r•servg9 Unr•$trlet•d Fund¥: G&n&ral Capital 803.531 708,807 803.531 708,807 Rg$trlct•d Fund: Capltsl 803 $31 708,807 Tho financlal statements have bèen prepared In accordance Vrfith the provl8lons ralatlng to Companies subject lo the srnall companles règirne. For the financial year ended 31st Augu812023 the compBny was ènliilgd to the exempllon from audlt under $ècUon 477 Compani6$ Act 2006 relating lo sm811 companias and the rnembers have not required th& eomp8ny lo obtain an audit of its accounts forthe year In qu¢$lion In accordan￿ whh section 476. The dlractors acknowledge Ihelr r8sponsllillities lor complylng the requirernenls of the Companie5 A¢1 2006 wlth respect lo accounting records and tha pieparBlion DI account. The dlrector5 declare th81 they have approved tha a￿UnIS above. Stgned Secretary Oale No￿tstre&l AccouTrllng 819 NewSlreelAlfieton Derb￿￿ts DE65 78P Amber Valley School Sport Partnership (Clo} Charity Number 1162691 ACCOUNTS For the year ended 31st August 2024 Not9$ 1. Accounting Pollolg$ Basis of the pr8parAtlon of the accounts These financial 8talements have been prepared under the historical cost conventlon of the financial repc)rting sl8ndard FRS 102 and the statement of Recommended Practice on Accounting and Reporting IFRS 102 SORPI and sn accordance with tha provisions applicable to companies subj8cI lo the Small companies regime under the Companles Act 2DO6. As slated In the Charities Act 2011 IGroLtp Accounts} Regulallons 2015. and the Ch8rilles (Accounts and Reports) Regulations 2008, any parent chBrity where tha aggregate gross Income of the group, the parent charity and its subsidiarfes, does not exceed £1.000,000 after consolidatlng adlustmenls. is not r@quired to prepare group accounts. A￿ordInglY group aC￿UnIS consolidallng the financlal slal8rn8nts of the chartty and It'subsldary undertaklng have not be8n prepared. Incomlng resourGg¥ All material Incoming resources ara includod In the Slalemenl of FlnanGial AclivltSes ISOFAI when the charlty15 9nlllled to the income and the amount can be quantified wlh reason8ble accuracy. The follo￿ng specific policies are applled lo particular categories of income.. Voluntary Income by way of donallons and gifts is included in tha SOFA when recelved. Grants where enlillèment is not conditional on the delivery of a specific performance by the charity are rg¢ogni5pd when receivable. Where enlillemenl Is conditional on the delivery of a Specific performance. the Income Is recognised in th8 SOFA when that perform8nc& has been mel. Grants recelved for specific projects are classed as restdcled funds. Grants towards capital expendiluro are released lo the SOFA when the assets are purchased from restricted capital fund. Donated servicgs gnd facilities are Included In the value to th8 chadty where thi5 can be quantified. The value of the $8rvlc8 provld8d by volunteers has nol been included In these accounts. Investment Income is included when receivable. Advilies for generating funds arg accountable when receivable. Income from rent and room hire 1$ 8c¢ounled for when receivable. Resources Exp&nded ExpendltLJre is recognised on an occrLFals basis a5 a liability is incurred. Expenditure includes VAT. which cannot be recovered 8s the charity is not VAT registered, and 15 repDrted as Part of the expenditure wo which il relates., Costs of generating funds cumpri5e the cost associated with attr8Cting voluntary N2wStrBel AccounlSng 319 New Street Pjfrelon Derbyshire DE55 7BP income and activities for generating funds. Charitsble activities expenditur8 comprtses those costs incurred by th& charity in the delivery of the activities and its services for its beneficiaries. It includes both costs that can be allocsled lo sJ¢h act4Vities and those costs of an indirect nature necessary lo support them. Expenditure Dn grants is recorded once the charlly has rnade an un¢ondilional commitment to pay the grant and this is communicated ID the berieficiary or the grant has been paid whichever is earlier. The charity has not mad& Any grant commitments of more than one year. Governance costs Include costs associated with meeting the conslltullonal ad slalulory requlrements of the charity and Include the Independent Examiners feas and Costs linked lo the 5traleglc management Df th@ charity- Costs are allocated betsween the expendllure ¢8legories of the SOFA on a basls designed lo reflect the use of the resources. Cost allocallon Included an element of ludgemenl and the charity h88 had lo consider the Cost benefit of all detailed calculation and record keeping. Directly allrlbutsble costs are allocated lo the respecllve cost headings, includinu support costs where these are dlreclly attributable. Other support costs hgve been appropriately allocated either on a per capila basis or on an e51ifftaled usage basis as considered appropriate. Fund ac¢ountlng Unreslricled funds are available for u8e al the dls¢retion of the trustees In the furtherance of the general obleGtives of Ihe charlty. Reslricled funds are to b& usgd for a speclflc purpose In ac¢ordance wllh the reslrtctlons Imposed by donors. Designated funds are allocated out of unreslrfcled fund8 by th8 trustees for spedfic purpo88s. Thg use of such funds Is 81 the Irusle¢'s dlscrellon. Th8 CC•sl of adminlsterlng each fund are charges again81 the relevant fund. logelhor wllh a falr allocation of management costs. Transfers befften funds arè made if required and allowed under the restrictions and condltlons of thB particular funds involved. Where restricted funds bscomo available for general purposes once certaln criteria have b@en mel, the surplus of income received over expendllure incurr8d is then Iran8lerred from restricted lo unreslrfcled funds. Depreciation Tanglble flxed assets ar8 Stated at cost {01 deemed costl le$5 0¢cumu181ed depreciation the trustees have 8slimaled that the original cost of the land and buildings should be allocated 50 /p to the land and 50Vo of the building. Depreclation Is calculated so that assets are wrStten down lo their residual valuo over their anticipated useful e¢onomSc Ilves. Depreciation is not chargod on Ffeehold land. Depreciation 55 provlded on other assets using Ihg followng annual rates.. Freehold land - Not depreclgted Freehold Bulldings 50 years Fixtures and fittings- 20Vo (reducing balance basis) Cotllputer equipment- 20Vo {str8ight line basis) Operating Leas9$ Rental costs under operatinglaases are Cha￿ed lo the slalement of Flnancial Activities on a straight line basis over the pedod of the leases. Penslon Costs N8wSlreet Acwunling 819 New Street A1fr81on 08rbyshlr6 DE55 7BP The company has not made ary pension contributions into a Defined Benefit Pension Scheme for il's employees in the year under r8view. Contributions to defined contribution plans ale expensed lo the Ststsment of Financial Activities in th8 period to which they relate. Taxatlon The charity is exempl from tsx on incDme and gains falling Within Chapter 3 part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation and Chargeable Gains Act 1992 to th8 extènt that these are applied lo the charitable objectives. Going Concern The Iruslees are continuously r8viewring the current position and future actSvides ol the charity and consider it appropriate lo Prepa￿ financlal slalemenls on going concern basis. The Iruslees are aware of the requirements for sufficient working Eapllal lo meet ongoing running costs and are 8180 aware that the charity Is currently reliant. lo a c8rt8in degree, on grant funding received in advance In c)rder lo provide working capital ID meet ongoing runnlng costs. If this funding in advance was lo significantly reduce and sufficiènt surpluses w8rè not g8nera18d then the trustees may neèd to seek addition81 financè, which may requlre the charity's freehold propèrty lo be provided as securlty. 2 Grants and Donatlon8 Not8 2 Unre8tricled funds Reslrictad funds Total 2024 Total 2023 Bikeability JRS GRANTS Amber Valley Councll 3 Informatlon rogardlng omployee$ 2024 2023 WagBs and salaries in¢luding NIC Social Securlly costs Penslon Costs 567100 547265 567,100 547,285 The averag8 numbgr on employees, analysed by function 2024 Number 19 19 2023 Numbar 20 20 Management and adminislralSon of the charity Total No employee received rernunerations of more than £60,000 No member of the trustee board received any rgmuneralion during the year. 4 Pension Costs The pension costs shown in the (inancial statements for the years represents contributions payable by thè charity, to a Defined Contribution Pension Scheme. 5 Intangible Fixed Assets NewSlf8etAc￿uThtlll9 819 New Stre8t Alfr8ton Derbysh1¥8 OE55 7BP Patents and Lic&nses Cost: Al 151 September 2023 Additions Al 31st August 2024 6 Tangib19 Flxed Assets Flxtur05 Computer and Equipmen Flttlngs Motor Vohicles Total Cost: Al 1 st September 2023 Additions Al 3151 August 2024 Deprociation Al 1st Sèpt8mber 2023 Charge tor the year Al 31st August 2D24 Ngtbook Valu& Al 31st August 2023 At 31st August 2024 35.446 125 217 35,788 35,446 17.098 3,670 20,768 125 217 10,305 18,348 14,678 18,348 14,678 The freehold buildlng Is held in the name of the offlcial Cuslodlan for Charili&s on behalf of and for usage of the charity. The change in Accoun￿ng Pollcy Regarding depr8ciallon of freehold buildlng Is rollecled above- See note 1 7 Debtors 2024 2023 Other debtors Trade Debtors 19331 19,331 33351 33,351 8 Crodltors: Amount$ falling due wlthln ong year 2024 2023 Trade Credltors Other tax&s and social seGurity Ascruals and other creditors Deferred Income 30695 2650 720 21702 4336 1080 34065 27,118 NewStreetAcrxJuniin9 819 N8w Street Altrelon Dwbyshwe DESS 7BP