2024-08-31-accounts

Charity Registration No. 1162785 Comp•ry Registration No. 09570335 (England and Wales) SPORTINSPIRED LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 niiiThiiiii *AE2YSL148' 20105r2025 COMPANIES HOUSE A15

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SPORTINSPIRED LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustges Mr Roger Allen Ms Helen EIiz8beth Scott Ms Michdle Ashley Mr Russell Grnham Mr Steve Hobbs Mr Randolph Ryan Mr Felix Sullivan Charity number 1162785 Company number 09570335 Regi5ter•d office 7 Albert Building5 49 Queen vic￿3 Street London UK EC4N 4SA Senior Managem•nt Team Richard Raynes- CEO Auditor Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD

SPORTINSPIRED LTD CONTENTS Pag• Truslees, rep Independent auditorfs report Statement of finaroal acti￿lieS 10 Balance sheet Notes lo the acc¢AM)ts 12-19

SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2024 The trustees present their report and accounts for the year ended 31 Augusl 2024. The Company was incorporaled on 1 May 2015 and the Charity was registere¢J wth the Charity Commission on 22 July 2015. The accounts have been prepared in aCcordar￿e wilh the acccmjnting pofi(ies set out in note 1 to the aceethts and comply with the Charity's governing document, the Companies Act 2006 and-Accounling and Reporting by Ch8ri1ies= Statement of Recommended Pr8ctice applicable to charities preparing theiraccounts in accordance with the Financial Reporting Standard appliCa￿e in the UK and Republic ol Irel8nd {FRS 1021 leffecttve 1 January 20221.. A me$sag• from our CEO 2023-24 marked a peri(yJ of continued growth and renewed confidence for ihe Charity, as we moved into the post- Covid-19 era and a phase of innovation and expansion. While economic challenges Such as the cosl-ol.living crisis still influence the wider environment, this year demonstrated resilierKe and ability lo adapt and thrive. In our 2022-23 report. we shared how Ouf POSt£ovid stralegy focused on simplicty-mainlaining strong rel8b'onships with long-term partners (such as UBS. DC Advisory. and Hymans). delivering impact where we knew il was needed most. and keeping our fixed costs low amid uncertainty. That appr08ch laid a strong fourKlation. and we are proLKI to say that in 202>24. we tr4Jilt on it significantly. We delivefe(J 21 pro9rammes across 7 commiJnib"es. er￿ge￿ 4,753 children. gradu8ted 117 Your￿ people through our Young Leaders programme, and held 422 legacy sw>rt club sessions. We've also strengthened our infrastructu￿. irKlucJing improvements to financial adrninistration and programme delivery. These operational Tefinemenls a￿ allomng US to plan greater confidence and invesl more b.me in 9rowlh and in[￿vation. The need lor our work remains urgent. As ec0Th)M￿ pressures conb.nue to impacl families. espeaally in deprived communilies, the role of physical acbvity and community engagement in supportirrfJ children's rnental and physical healih has never been more crilical. Looking ahead. we remain focused. We'll conlinue deknvering in tr commwsities that need us most. deepening relationships With our trusted partners. and expanding our reach through new ¢ollatYJrations initi.atives. We a proud of what we've achieve(J. and even more exoled about what's next. Our obj•ctive$ Sportlnspired's governing ¢cument. Ihe memorandum and wlides of assouation. sel out our purposes.. To act as a resource for YO￿ people. bul not exdugvety. by providiw athce and assista￿e. and organisir¥J programmes of physical, educalional and olher ath"Vbties as a means of.. a) advanung mental and physical heallh and wdlbang: b) advancing education (including developng employability. leadership and ent￿se skills Ihrough training and development).. cl promoting vdunleering (where to do so I￿rt￿S a charitable purwse or pwposesl., d) providing re￿atIonal and leisu￿ time 8Cbvity in Ihe interests of social welfare for people who have need by reason of their youth. age, infirniity or disaknlity. po¥ety or social and econ￿1¢ circumstances Mlh 8 view 10 improving the conditior15 of life of such persons, and el the promotion of any other charilable pu4)ose for the benefit of the public (charita￿e under Erolish law}. The TTUStees are aware of the public benefil guidaft￿ wblished by the Charity Cornmisgon. We have conside￿d the objects'ves of the Charity and have given regard to h(w Ihese objecb.ves and associated a¢b"vib"es meet the public benefit criteria. Our vision and mission Sportlnspired exists so Ihat every thild. regardess of ba¢kgr(wnd. can develop the confidence and courage lo follow their dreams.

SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 In the UK, over 4.2 million children Irve in poverty, facing ￿ uphill stnJggle to live I￿althy. happy lives. Thè wellbeing of Ihese children, a lundamenlal human right, is compromised. These chIld￿n can fall into a vicious cycle frorn an early age. Consequences include poor heallh and low academic attainment along wilh a ￿e￿eted sense of purpose, low aspirations and confidence. Children growing up in poverty are three limes more likety lo suffer mentsl health issues and bw"¢e as likely to face obesity than their more affluent peers. These children are less likety lo be active, less likely to achieve high grades and more like￿ to engage in 8nb".sooal beha￿0￿r. Sport has the power lo overcome the consequences of [￿Tty, raise asFN"rations and unite communities. and we provide Ihe platform for this thange. We connect 8 diverse community of stakehdders to Create sustainable neiworks Ih8t help children and young people from depn.ved communities to Ihrive. For 7 10 g-year-olds. we kick-slart healthy habits strong enough to last a lifetime. And we help 12 10 1&ye3r-olds 9et on a positive path, develop essential vocation81 skills and improve their employment prospects. (kjr expertise for engaging thild￿n a￿1 yourvJ is honed by combining grassroots experience with national best pracb"ces_ Sport England's research highlighls Ihat lack of enjoyment is a major barrier for children taking up sport. Inspiring ¢hildren to have fun is at the core of everything we do. Vdunteers are an important part of cMJr PTogrammes. In an environment ol maximum fvn and excitement for ajl. volunteers help lo create lrfe4hawng moments for children and youThJ people land themselves). The Spc*tlnsptired n7cdel co- CREATE FESTIVAI LEGACY SUSTAIN In addition lo our work with ct¥ldren arKI young people. we have exparKled our mission to support vulnerable communilies thr(yJgh 5POrt, ificlLKling our involvement in the Afghan Relocations and Assistance Policy IARAPI project. By delivering multisport wovision al ARAP Sites nationwide. we are helptr'ng Afghan families inlegrdle. build confidence, and improve their wellbeing thr(xJgh slwlured physical actiwty. Activities andA¢hlevements Bethveen September 2023 and August 2024. Ihrough our usual s[￿￿nSPired Games delivery. we worked wlth: 4753 chIld￿n and 1153 volLmteers awss 21 multiworts festivals and programmes 834 chIld￿n participating across the 422 legary sessions in the 43 Legacy Clubs Sel 48 primary sthools and 6 secondary schods 117 Young L&8ders. gained valuable employakility skills 13 Leaders of F 21PaLye

SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2024 In adijilion, Ihrough ARAP. we have worked with 1000$ of Afghan migrants of all ages. delivering 2.227 hours of sport and other recreational actiwiies on 14 MOD sites across the UK. We measure impact made u&ng the L￿81 q151ionnair&based meth0￿09Y Measu￿ the changes for IIK)se parb"cipaling in our programmes al baseline. wst-fesliv81. and end of programme. In addition io our usual la￿101 festivals and dubs. we ¢￿tin￿d the delivery of e￿dence-ba$ed wgrammes to meet communities. needs. This ye our 'Leaders of Fun. programme designed to encoufage active play during breaktime. expanded beyond ils initi81 UBS In￿"8￿Ve. n(w receiwng funding from Ihe Westminster Foundation. Income and expendhu We continue to collaborale with UBS. East End C￿m￿￿ty FwrKlalI￿. and DC Advisory, have welcomed Ihe Westminster Foundation as a new funding partner, and have secured extensive fvnding to launch and expand our help io improve the mentsl and physical wellbeing of Afghan migrants through our ARAP delivery. We continue to operate in ￿certsIn times. ￿ Ihe Cost-of4￿lng crisis haMrKJ a real impact. In ￿SpOnSe, we have maintained a strong f￿uS on eosl efficierw throughoul 202312024 to sustain our programmes and contsnue sennng our communitses. We have kept fixed and Ope￿trAg costs low. remained lean while ensuring effective delivery. and minimized staff expenses. We also contsnue lo benefit from free part-time office space PTovidetl by DC Advisory, helping to further reduce overhead costs. Additionally. some partners have continued lo provide unrestricted fvnding. supporting our financial stability into 2024 and beyond. Our 2022123 strategy proved successful. allowing us lo strengthen our financial posItic￿ significantly. We continued lo apply the same strategic approach in 202312024. bdstwed by an influx of fvnding from the new ARAP programme, which enabled us to further incre85e our reserves. As a resull, we have now a¢hieved ouf long-term aspiration of holding 9 months. worth of unrestft"¢led costs in re5eNes. However. while this marks a significant mileslone. we remain committed to securing diverse and sustainable fiJndiThJ sources. As Ihe long-term fulure of ARAP ftJndiThJ ￿MainS Uncertain. we are proactively w0￿1ng to expand our financial base to ensure stability beyond this programme. By conlinuing io slrenglhen Ouf fundraising efforts and build new partnerships, we aim to safeguard our finanool health arKI sustsin our impact lor years lo come. Looking to the futur¢: strategic objectives for 2025 and beyond We contsnue to implement 2030 visio￿0 help all 9-yeardds IiMThJ in deprivation exk)w￿nCe the benefits of sport. However, while our strale9ic oty'ectives rernain unchanged, the impact of past disrupbon5. particularly from the pandemi¢, means that the timescales for achiewng th￿ Msion w￿1 inevilat4y exlend. As ouuined in ￿￿Ou$ rep¥)rt5, we have developed Ihree core programmes designed to improve physical and ment81 wellbein9, and core skills in children and youNJ people. We remain committed io delivering Ihese programmes throughout 2025. At the same time, we will stsy flexible in our approach. ensuring our pr￿arnmes 8tlapt to meet the needs of each comrnunity. This includes pilots.ng additional e￿denCe-based inibatives ihat align with our broader sliategy, such as the growing Leaders of Fun programme. Additsonalty. Ihe successful launch and expanston ol the ARAP programme marks an important 51ep into a new territory for us. This exPan￿on is a natural extensicn of our vision that sport should be accessible to all. reinforcing our belief in its power to fosler wellbeing. indusion. and ¢(ynmunity Cohesion, regardless of background or circUmstsn￿. We now have a dearer understanding of whal is required lo streNJthen our ￿LatIOnShipS wih schools, spNts providers, venues. ansj funding partners. While we are in a strong ￿51￿"0n. we recognize thal there is always room for further growth and (Jeeper collaboTalion to enhance consislency, sustainability, ènd long-ierm impacl in the communities we serve.

SPORTINSPIRED LTD TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 AUGUST 2024 We will conlinue to invest in the foll(swing core areas to achieve the grcA#th we aspire to in line wilh our 2030 Vision". Capacity.. investing in our people. growng both our wogramme delivery arKI lundrai5ing leams. and investing in lechnology to improve effiuency Impact.. UP5killing schools other local assets, and developing products lo make cunmunilles self-SLfficienl Organic grovAh.' conbnuing to deliver programmes otjrsefves. building our understanding of communities. needs befoie upskilling them Charity profile.. developing new markeling and communrcations methods to grcrtv our supporter base. raise funds and position Sportlnspired as a pioneering leader in raigng children's wellbeing Expansion and Inclu&on.' BuildiThJ on the success of Ihe ARAP programme. which has all¢)wed u5 to exlend our reach into new comrnunib"es. This iniliab.ve reinforces our commitment to sport a¢cessible lo all, using it as a Iwl lo fostef integration. wellbw"ry. and empowermenl for those in need. Flnancial revl•w The Tru51ee5 have assessed the ongoin9 IM￿1¢￿tiOnS and a￿ wlfident Ihat Ihe Charity has SLrffi¢ienl reserves and Ihe operational flexitrylity necessary to adapt and continue its actiwties sustainabty into the foreseeable future. 1115 the policy of the Charity that Un￿Stn"¢Ied (unds whith have nol treen ¢Jesignaled lor a specifi¢ use should be maintsined al a level equivalent lo at least th￿e months. unrestricted ¢)perating expenditure. The trustees consider thal reserves at this level will ensure thal, in ihe event ol a significanl drop in funding, ihey wll be able lo continue the Charity's current activities vlile consideration is given lo way5 in vthich additional lunds may be raised. The level of reserves. as of 31 August 2024. at £570.Crf)O and is above the minimum target level of £150.CO). Perceiv•d risks to Sportlnspired Troubled economic limes continue to have a significant impact on the lives of the very people we are attempting to reach. Rising energy costs has pul sports dLtbs al risk. espeoally in the winter months. and the rising c05101 food is in some case forcing parents lo cYKKJse bets4een f(th an¢J Sp￿ for their children. We are not immune lo this. Rising costs musl be offset by irrnyThJ revenue. and of course. the impact of ihe 8ssocialed uncertain financial dimate continues to make it challengin9 for US to secure funding froffl our corporate funders as well as Housing Associations. The trustees have assessed Ihe major risks to which Ihe Charity is exposed and are satssfied that systems are in place to mitigale exposure lo the major risks. As a result of the challenges in geTreTaling inccxne. witl)OLrt Slffjoeffl milig8tion we acknowledge the￿ could be a significant risk lo our income and reserves. The cosl-of-liwng crisis is affecting Ihe funding available for Ihe Charity's work. even as (Jemand increases. A series ol economic factors a￿ limiling the funding made available by corporate partners. and continued pressures on publ￿ finan￿S a￿ limiting lunding available for Ihe Charity from statutory sources. The Charity ha5 implemented. and Contin￿ to implemenl. a range of mibgaling me8sures to 8￿d￿$S financial and operational risks. A key strategic aim ￿MaInS Ihe continLd growth of our unresln.cled ￿ServeS, wilh initiatives like Thames200 p18ying an important rde in this effort. While we are currenify receiwng signrf¢cant funding through the ARAP programme. we recognise that the longwty of this wpport is uncertain. Considering this, we are proaclively exploring new funding Opportunities. Business development is a shared Priority acr055 the organisalion. witt) all teams contributing to efforts lo diversfy incomwarticularly Ihrough cultivating high-value netsvofks and major donors. Strengthening relationships with existiro funders and rengaging ihem year 8fter year-an area in which we have a strong track reCOrd￿emainS a priority. We are a150 leveTaging communications lo enhance eng8gemenl and raise the Charity's profile. Sportlnspired reports to the Trustees on major risks_ Given Ihe natwe of our work. we take child protection and safeguardin9 extremely seTiously and ensure robust processes and procedures lo ￿duce the risks of any issues arising. All staff complete salegu4rding training on induction. and all volunteers are given salegtjarding training at the start ol their volunteering. There a￿ written wlicw and procedures, whith are urxlated as necessary and are

SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 reviewed at most every three years ISafe9uafding is u￿￿ated annually). All our empkjyees have ￿ enhanced DBS check upon stsrting their role and are re-checked every ihree years. Financsally, the Charity CUTfenlty opeTales through a combinalion of a C￿MISs￿x￿d accountsncy consult8nl, intemal staff who regularfy Check and approve belore payment all invoices. and the outsourarrtJ of our financial administration lo Upslreamly. which ha5 helped alleviate pressure on pr(yJramme managers and allowed our financial processes lo run more smoothly and efficienlly. Staff r•muneTalion Salaries a￿ set based on perC￿ve￿ market rates for the ￿e1 of skrlls. experien￿ and responsibility required. Sportlnspired has a talented leam ol em ￿0yeeS and strives to achieve an effeclive balance of awarding iemuneralion which is alfordable lo the charity while eTra￿lng us lo retain our highly talenled staff. Whilst it is difficull lo understand reliably what "normal" is lor a charity ol the size and scope ol Sportlnspired. we have benchmarked salaries usiThJ publidy available salary benchmarking guides le.g. the Harris Hill salary survey) an(J wown research into advertised salaries for equivalenl roles at similar-sized Charities. Trusl•e sol￿tIOn Trustees have been selected based on Iheir ability lo nurture and guide a small t￿lt ambitious organisation. focused on building 8 reliable and sUstaina￿e source of revenue. As our income has ahvays been mosuy from the private sector, it has been important to have Trustees who have a proven track record of success there io enable the best stralegy to be devised and follcNed arKI the best gimdartt to tr execub.ve issLd. Stru¢turei 9ov•rnan¢e and m¥na9ement The Charity is a company limited by guarantee. The trustees. who are also the direclcrfs lor ￿ purkx)se of company law. and who served during Ihe period were.. Mr Supralim Mukherjee (resigned 21" November 20231 Ms Helen Elizabeth Scott Ms Michelle Ashley Mr Charles Smith {re5igned 30" May 2024) Mr Felix Sullivan lappoinled 28th September 2023) Mr R8ndolph Ryan lappoinled 21st November 2023) Mr Sleve Hobbs (appointed 30° May 20241 Mr Graham Russell18ppoinled 28￿ February 20241 Mr Roger Allen lapwnled 21" November 2023) Ststement of trustees. re$ponsibilitie$ The tnjslees, wlv) are also the ￿1￿Clor5 ol S￿inSpired Ltd for the wrpose of company law, are responsible for P￿paring the Trustees. Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Ac¢epled A¢¢ounb"ng Practice) induding Financial Rep)rb"ng Stsndard 102 'The Financial Reporliro Slandard applicat4e in the UK aid the Republic of Ireland". Company Law requi￿$ the tru51ees to prepare accounts for each finanaal year which give a true and fair view ol the stsle of affairs of the chantsble company and of the incoming resources and appI￿atVJn of resources. inclLtrding the income and expenditure. of the charilatrAe company for thal ￿ri0￿. In preparing these accolffits, the Injstees are required to". select suitable accounting ￿l¢le$ and Ihen appty them consistendy" observe the methods and prin￿￿e$ in Ihe Charities SORP: make judgements and estimales that are reasonable and PTudenl- p¥epare the accounts on the going concem basis unless it is inakX)ropnale lo presume that the Charity wll continue in operation. 51Pa¥e

SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The twslees are responsible for keeping adequate accounling records that disdose with reasonable 8ccuracy at 8ny me the financial posib'on of the charitable company #nd enable Ihem to ensure that the accounts Comply with the Cornpanies Aci 2006. They are also responSi￿e for safeguarding the assets of the Charity and he￿e for takiro reasonable steps for the pfevents.on and delectM)n ol fraud and other irregulwities. In so far as the Iruslees are awa￿". There is no relevant audit information of which Ihe charitsble compan￿$ auditors are unaware: and The trustees have taken 811 steps that they ou9hl lo have laken to make ihemselves aware of any relevant audit information arKI to establish that the auditors are awdre of that informatr'on Auditor Knox Cropper LLP We￿ appointed as auditof to Ihe company and in accordance wilh section 485 of the Ccrfnpanies Act 2006. 8 resolutson proposing that Ihey be re+appoinled will be put at a General Meeb"ng. The IN￿ee$, report was approve(I by the Board of Trustees. This report has been prepared in accordarKe with the special provisions of Part 15 ofthe Companies Act 2006 relatirkg to small companies. Mr Steve Hobbs Trustee Dated: 14.05.25

SPORTINSPIRED LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPORTINSPIRED LTD We have audited the financial siatemenls of SpMlnspired Ltd Ithe'charitable eompany'l for the year ended 31 August 2024 which comprise the Stsiemenl of Financ￿1 Activities. the Balance Sheet and notes lo the financi81 stslemenls, including a summary of signthcanl accounting policies. The financial reporting framework that has been applied in Iheir preparalion is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿1. including Financial Rerxyting StsndaTd 102 'The Financial Repc*ting Standard applicable in the UK and Republic of IrdarKI'. In our opinion the financk41 ststements- Give a Irue and fair view of the state of the charitable company's affairs as at 31 August 2024 and of ils incoming resources and applicalion of resources, induding its income and expeThJilure, for the year then ended.. Have been property prepared in acctrdance with Untted Kin￿knm Generally Aceepled Accounting Practice, including Financkgl Reporting Standaril 102 The Financial Repcvting Stsndard applicable in The UK and the Republic of Ireland.: and have been prepared in accOrda￿e wth the requirements of the Companies Acl 2006. Basis for opinion We Conducted our audit in accordance with International Standard5 on Auditing IUK) IISAS IUK)) and applicable law. Our responsibilities under those slandar(Js are further described in the Auditors responsibilities for the audit of the financial statements seetion of our report. We are independent of the charitsble company in accordance with Ihe elhical requirements that are relevant to our audii of the financial slalemenls in the UK. induding the FRC'S Ethical Standard. and we have fulfilled our other ethical reswnsibilities in accordance with these requirements. We believe that the audit evKlence we have obtained is Sufficient and appropriate to provide a basi5 for tyJr opinion. Conclusions relating to going concern In auditing the financial statements. we have conduded that the trust￿. 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 identrfie(l any material uncertainties relaling lo events or con(Silions Ihal. indwidually or eollectively. may cast signrficanl doubt on the charitable cornpany's abilily lo continue as a gLThng concern for a pwiod of al least twelve months from when the financial statements are aulhorised for issue. Our xesponsibililies and the Tesponsibilities of trusiees respect ￿ going coneern we described in the relevant sections of Ihis report. Other infomiallon The Iruslees are responsible for Ihe other information. The other inf￿rnatIon comprises the information included in the annual report. othef than the financial slatemenls and CAJr Report of the Independenl Audilors Ihereon. Our opinion on the financial statements does not cover the other information an(J. except to the extenl olherwise explicitly slated in our reF(Yi. we do not express any fomi of assurance eonelusion Ihereon. In conneclton with our audit of the finanrjal stslements. our responsibility is lo read the other informatson and. in doing so, consKler whether the other information is malerpally inconsistent with the financial stalernenls or our knowledge obtained in the audit or othernise appears to be materially misstated. If we identify such material inconsistencies or apparent material rni5Statefflents. we are required to determine whether there is a material misstatement in the financial s181emenls or a material missl8lement of the other information. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are reqvwed lo report that fad. We have nothing to rerth in this regard. Opinions on other matters prescribed by the Companies Act 2006 In QUT opinion. based on the work undertaken in the course of the audiL 7jPage

SPORTINSPIRED LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPORTINSPIRED LTD the information given in the Report of the Trustees for the financial year for wh￿h the financial statements are prepared is consislenl with the financial staleinenls,. and the Report of the Tnjstees has been wepared in accordance wlh applicable legal rrfuiremenls. Matters on which we ar• required to report by exception In the light of the knO￿edge and understanding of the charitable company and its environment obtained in the course of the aLbdrt. we have not Nlenirfied material misststements in Ihe Report of the Trustees. We have nothing to report in reSp￿t of the following maller5 where the Companies Act 2006 requires us to report to you rf. in our opinion-. ad￿￿ale accounting records have not been kept or retums adequate fc￿ our audit have not been received from branches not visited by us" or the finanual stslemenls are not in agreement with the accwnting records and relurns,. or certain disclosures of trustees, remuneration specIf￿d by law are not made" or we have nol received all the information and explanations we require for our audit., or the ITuslees were not entitled to lake advantage of the small companies exemptK)n from the requirement to FKepare a Strategic Report ￿ in rKeparirwJ Ihe Repcwt of the Trustee5. Responsibilities of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and being satisfied thal they give a true and fair view, and for such internal wntrd as the trustees determine is necessary lo ena￿e the preparation of fina￿181 statements that are free from material misslatemenl. whether due lo fraud or effor. In preparing the financial slalements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disc105ing, as applThble, matters related to going cor￿rn and using the 90ing eoncern basis of acc￿nting unless the trustees either intend to liquidate the charitable company or to cease operalions, or have no realistic alternative but to do so. Auditorfs responsibilitigs for the audit of the financial slatements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error. and lo issue a Report of the Independent Auditors Ihal includes our opinion. Reasonable assurance ts a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISA5 (UK) will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are cOns￿lered malerbal rf, individually or in the aggregate, they could reasonably be expected to irfuence the economic decIS￿n$ of users taken on the basis of these financial slalements. IrregularilEs. including fraud. are instsnces of rnn-compliance wth laws and regulations. We design procedures in line with our responsibilitses, ouvined above. to delect malerial misslalemenls in respect of irregularities, including fraud. The extent lo which our procedures are capable of detecting ifregularilies, including fraud is delailed below.. The charitable company is required lo comply wth both company law and chartty law as applicable in England and Wales and, based on our knowledge of its activities, we identified that the legal requirement lo a¢¢urately account for reslricled funds was of key signrficance. We gall￿ an understanding of h(M the charIta￿e company com￿￿1 with ils legal and regulatory framework, including the requirement to properly accounl for reslricled funds. through discussions with management and a review of the dccumented policies, procedures and corblrols. The audit team. which is experienced in the audit of charilies, considered the CharIta￿e company's susceptibility lo material misslatement and how fraud may o¢cur. Our ¢cM)siderations included the risk of management override. Our approach was to check that all income was propwly Identif￿d. whtch inclu(led both restricted income and the deferral and accrual of income from grants and donati¢x)s. 81PabJe

SPORTINSPIRED LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPORTINSPIRED LTD We cairied oul both substantNe and analylical testing on expenditure and payrdl lo ensure that it was valid and appropriate and had b￿n charged to the cwecl fund. This included reviewing joumal adjustments and unusual transactions. A further description of our respOnsi￿"11t￿$ for tIE audrt of the financial staten￿nts is located on the Financial Repcwting Council's website at www.frc.org.uklauditorsresponsibiltlies. This description foms part of Report of the Independent Auditors. Use of our report This report is made solely lo the charitable company's members. as a bcxty. in &cordance %wth Chapter 3 of Part 16 of the Companies Act 2006. Our audil WOTk has been undertaken so that we might stale lo the charitable company's members those matters we are required to 5tste to them in an auditors. report and for no other purpose. To the fulle51 exlenl permitted by law. we do not accept or assume re5wnsibility lo anyone other than the charitable company and the charitsble company's members as a body. our audil work. for this report. or for the opinions we have f¢)m)ed. Richard BillinglwJrst FCA {Senior Stalutcry Audit(ff) For and on behaK of Knox Cropper LLP 65 Leadenhall SITeet London EC3A 2AD Dale.. li/./ 91Pabpe

SPORTINSPIRED LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Year ended 31 Aug 2024 £'ooo Year ended 31 Aug 2023 £'ooo Ur￿￿tricted Restricted funds funds Notes Incomè from: Donations and legacies Charitable activities Investment Income Total income 71 679 71 744 75 353 65 755 820 430 en iture on: Charitable activities Net incomeljexpensel for tho yearl Net movemént in funds 417 65 482 309 338 121 Openin9 Fund balances al 1 September C105ing Fund balances at 31 August 232 232 111 570 570 232 All income and expenditure dwNe from eoniinuing xtivtlies. IOIPabT¢

SPORTINSPIRED LTD BALANCE SHEET ASAT31 AUGUST2024 31 August 2024 31 August 2023 £'ooo Non-current assets Fixed Assets Current assets Debtors Cash al bank and in hand 12 365 4Crt) 765 57 235 292 Creditors: amounts falling due within one year 13 {195) (621 Net current assets 570 230 Net Assets 570 231 Incorne funds Unrestricled funds Restricted funds 570 231 570 231 These financial stslements have been [}￿pa￿ in accordance with Ihe special provisions of Part 15 of the Companies A￿ 2006 relating to small charitsble ￿mpanieS. The accowits were approved by the Trustees on A￿.1 28th. 2025 Mr Steve Hobbs Trustee Company Regi$lration No. 0￿70335 IljPa8e

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Charity infom•tion Sportlnspirerj Ltd is a private company limited by warantee in&)rFw8led in England aThJ W81es, and is a public benefit entity. The registered office is 7 Albert Buildings. 49 Queen Victoria Street. London. EC4N 4SA. UK. The Cwipany was lncorpc￿aIed on 1 May 2015 and the Charity was registered with the Charity Cornmisson on 22 July 2015. The Company presents its financial slalements for the year ended 31 August 2024. A¢counting convention The finan(ial statements have been prepared in accordance with AC￿M￿"n9 and Reporting by Charities.. Statement of Recommended Practice applicable lo Charities ￿￿paring their accounts in accordan￿ with the Financial Reporting Standard aOic8ble in Ihe UK and Republi¢ of Ireland {FRS 1021 (effective l January 20221- {Charities SORP FRS 1021. the Financial Reporting Standard applicatle in Ihe UK and Republic of Ireland (FRS 1021 and the Companies Act 2W6. The accounis are prepared in sterling. which 15 the functional of the Charity. MC￿tsry amounls in these financial statements are rounded to the nearest £'ory). Assets and liabilities are initially recognised al historical ￿$¢ ¢y transaclion value unless otherwise staled in the relevant 8ccounb.ng policy or rKIte. Golng concern At the time of appwng Ihe accounts. the trustees have a reasonable expectation that the Charity has adequate restsurces to contsnue in operalional existence for the foreseeable future. Thus the trustees continue to adopt Ihe gang concem basis of accounting in ￿Paring the accounts. The Irustees consider that there are no m81erial uncertainties a￿ul the Charity's ability lo continue as a going concem. In forming this otM"nion. they have considered the continuing irnpacl of both the Covid-19 pandemic and Ihe cosl-of-liwng crisis, on both its ir￿rne and expenditure for at least 8 period of twelve months from Ihe dale of approval of Ihese financial slalemenls. In 2022-24 the Charity has built a new and excib.ng team across all functions and has continued lo seGure new funding Irom exisling and new funders, whith has ensured the Charity's atllty to coDb"nue as a goiNJ concem until 2025. Charitable funds Unre5tricled funds a￿ availatye for use at the discreticn of the trustees in furtherance of their charitsble objectives unless fvnds have been designaled for other wxposes. Restricted lunds are subj'ect to specthc emditi￿$ by donors as lo hTh Ihey may be used. The purposes and uses of the restrieied funds We sel out in the Th)tes lo the accounts. Incoming resour¢¢s Income is recognised when the Charity is legally entiled lo it after any perfom)ance condibons have been mel, the amounts can be measured r￿la￿y. arKI it is prOba￿e th81 income will be received. Cash donations are recognised on recapt Otherdonations are recognised once the Charity h8s been nolified of the ¢Jonation, unless perfO￿an￿ condilions require deferral of the affloLSnt. In￿me lax recoverable in relatron to donations r￿1ved under Gift Aid or deeds of covenant is recognised at the time of the donation. 12jPage

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Incoming resources {contiN￿d) Le9acies we recognised on receipt Of OtheNse il the Charity has been nob.fied of an impending dislribulion, the amount is known, and receiptisexpe¢led. If Ihe amount is nOtkr￿1n. le9acy i5treated as a conbngent 35sel. Donaled professional services and donated facilitss a￿ recogni58d as iw)me when the charity has control over the item or received Ihe service. any Conditions associated with the donab.on have been mel, the re¢eipl ol economic benefit from the use by the charity of Ihe item is probable and that eC￿OrnIC benefit can be measured reliably. In aCCorda￿e wilh Ihe Charities SORP (FRS 102}. volunteer lirne 15 not recognised so refer to the trustees, annual report for more inlormatw 8boul their ¢ontrthlion. On receipt, don8ted gths, professional swvices and donated facilities are recognised on the basis of the value ol the gift to the ¢h8ritywhich is amount theeharity would have been willing ¢0 pay lo obtain services or facilities of equivalent economic benefit on the open mar1(et'. a correskXM)ding amount is then iecognised in expenditure in the period of weipt. Tumover is measure(l al the fair valLQ of the consideration received or Teceivable 8n¢J represents amounts re￿Ivable lor goods and services prowded in Ihe nomal course of busines5, net of discounts, VAT and other sales related taxes. R•sourees expended Expendilure is recognised once there is a legal or Constr￿lIVe obligation to make a payment to 8 third paty. it is probable Ihal settlement will be required and the amounl of the obligation can be measured ￿lIablY. Expenditu￿ is classified under Ihe following aclivity heading.. Expenditure on charitable aclmlies indudes Ihe costs of projects Lmdertaken lo further Ihe purposes of the ch￿ty and their 8S50ciated support costs. Cash and cash equivalents Cash arHJ cash equivalents inclLKJe cash in hand. deposits held at call with banks, otsr short-term liquid investments with ()riginal maturities of ItKee months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The Charity has elected to apply the provisions of Section 11 'Basi¢ Fina￿la1 Instrum8nls' Section 12 'Other Financial InstTumenls Issues, of FRS 102 to all of its finarval instruments. Fina￿131 inslfumenls are reco9nised in the Charivs balance sheet when the Charity t*¢orne5 paty lo the contractual provisions of the instrumenl. Financial asse15 and liabilities are offset, with the nel amounts presented in the ffinanual statements, when there is a legally enlor¢eatrJe right lo sel off Ihe Tecognised amounts and there is an intention 10 settle on a net ba￿S or to realise the asset and seltle the liability simultarxously. Basi¢ financial assets Basic fin8ncial assets, which indude debtors 8nd cash and ba￿ balar￿s, are iThlially measwed al transacison price includirTrg tr8nsa¢h"on Costs and a￿ subsequenyy caffled at am¢th"sed cost using the effective interest method unless the arrangemenl c￿$￿"tUteS a financing Iransacbon, where the Iran98clion is measured at the present value of the future receipts di￿o￿nted at a market rate ol interest. Financial assets ¢18￿ried as receivable within one year are not amortised. Basic finan¢i•l liabilitles Basic financial liabilities, induding CredrtO￿ ?rKI b8nk108ns are irrftl81ty WC•)nised at transaclion price unless the arrangement constitutes a financing transadion. where the debt instrument is measured at the present value of the future receipts discounted at a market fate of interest. Financial liabilitses classified as payable within one year are not amortised. J3IPage

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal Inslruments {conlinued) Debl instruments are subsequently carried at amortised c£Jst, usirrfJ the effecthve interest rate melhod. Trade creditor5 are obligation5 to Pay for goods or seNces th81 have been acquire(J in the ordinary Coufse ol operation5 from suppliers. Amounts payable are dassified as cUr￿n1 liabilities if payment is due within one year or less. If not. they a￿ p￿sented as n0n-Cur￿nt liabilith"es. Trade credilors are recognise¢J inili8lly 01 Iransaclion price and subsequently mea5ure(l at amortised cost usirig the effective interest method. Derecognilion of financial liathlities Financial liabilities are dereu)gnised the Charity's contwlual Obl￿atiOnS exprre or are dtscharged or cancelled. Employee benefits The cost of any unused hyiday entiuemenl is recwwsed in the peri¢>J in which Ihe em￿Oyee'S serv￿e$ are received. Teminalion benefits are recognised immediately as 8n expense when Ihe Charity is demonstrably committed lo leminate the employment of an employee or to provide temiinalion I￿nefitS. Critical accounting estimates and judgements In the application of the Charity's a¢¢ounb"ng polioes, the trustees arE requrred lo make judgements, estimates and assumptions aboul the carrying amount ol assets and liabilities thal are not ￿adItY apparent from other sources. The eslimates and associated assurnptions are based on hislorical experience and oiher factors that are considered to be relevant. Actual results may differ from these estimates. Thg eslimales and un¢Jer￿'ng assumpb.ons are reviewed on an ongoing basis. Remsions lo a¢coLtnbng estimates are recognised in Ihe period in which the estimale is revised where the rewsion affects only thal period, or in the period of the revision future perTrods where the revision affects both current and futu periods. tlonations and legacie5 u￿eStricted Restn'cted funds funds £'LK)O £'ooo 71 Year ended 31 Year ended 31 August 2024 ALJgusl 2023 £'ooo 75 Donations and gifts 71 71 71 75 141Page

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from charllable actlvilles Year ended 31 YeaT ended 31 August 2024 August 2023 £'ooo 222 131 353 Sales within charitable activities Performance related grants 744 Analysis by fund.. Unrestricted funds Reslricled funds 679 65 744 189 164 353 Analysis of resour¢¢s expend•d Supp costs (note 61 Direct e05ts £'ooo 454 454 Total costs £'ooo 482 482 Current year Games programmes Chafitable activities 28 Suprmyt cosls Inole 61 'reci costs £'CKJO Total osls £'ooo 309 309 Prior yèar Games programmes Charitable activitles 280 29 151P3¥e

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of support Coyts Current year Accwntsncy Finar￿e £'o £'ooo IT Govemance costs Total £'lXIO £'ooo Games prwammes 1.2 28 Prlor year Accountancy Finar IT Governance costs Tolal £'OOO £'ooo Games prwammes Govemance costs constitute £6,0￿ (2023." £3.OIX)) of audit fees arKI £nil12023: £6.¢))O) of strategic managemenl costs which have been fully allocated lo CharIta￿e aclivities. Net incomlng resources for the year This is slated after charging.. Year ended 31 August 2024 £'o Year ended 31 August 2023 £'oc Remuneration lo audilcffs for audit of the financial slalemenls D•scription of Charitable activities Games ro rammes Delivery of games programmes supp¢Nt ywro people to develop Iheir skills aThJ have better physical wellbeing. Our Pfogrammes are tailored lo the needs of the I￿1 community and use the power of sport to help develop young people's employability sknlls and confidence whAe also hdping to get them active in a sustainable way. Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity. No other Iruslee was reimburse¢Y expenses during the year or Ihe prior year. 161Page

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Employees Numb8r of employees The average monthly number employees during the peri(xJ was". Year ended 31 August 2024 Year ended 31 August 2023 Charitable activities Year ended 31 Augusl 2024 £'ooo 233 Year ended 31 AugLJSt 2023 £'ooo 164 Wages and salaries Employer pensions conlribulK)n5 Scrial security costs 16 254 10 177 The key management pers¢)nnel of the Charity are those persons having authonty and responsibility for planning. directing and controlling the 8ctivilies of the enb"ty. directly or indireclly, includirKJ any trustee of the entity. For Sportlnspired Ltd they compn.se the Truslees an¢ senior management team. The total employee benefits, Includin9 employer pension contiibution5, payable to key management personnel durirrfJ the year amounted to £73.00012023.' £52,000). 11 Fixod assets Computer Equipment £'ooo Cost As 1 September 2023 Additions At 31 August 2024 15 15 Accumulaled depreclation As 1 September 2023 Depreciation charge for the year Al 31 A4Jgusl 2024 14 15 Net book value As 1 September 2023 Al 31 August 2024 171Page

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Debtors 31 August 2024 31 August 2023 £LN)O 20 33 Amounts fallin9 due within one year. Trade debtors Prepayrnents and accrued income Other debtors 145 220 365 57 13 Cr•ditovs: amounts falling due within one ye¥r 31 August 2024 £'ooo 15 103 77 195 31 August 2023 £'ocKJ Amounts falling due wlthin ono year. Trade payables Accruals and other credilcxs Deferred income 48 62 Deferred incorne ￿lateS lo income re¢eived from fvnders which is due to be spent on delivery costs not yet in¢urred but expected lo fall due ShO￿Y after the year end and is r￿t repayable lo the funder because of ihe expeciation that delivery ol programmes will ctcur after Ihe year end. 14 Related party tran$a¢tioThs Tran5actlons with related parties During the pertod the￿ We￿ no transoclions with ￿lated parties {2023.' none). 15 Mov•ment in funds At 1 Septembar Incoming Othgolng 2023 Rosources R•sources Transfers £'oDo Al 31 August 2024 £'ooo Restricted Funds: performan￿ related grants Unrestrict•d funds- General 65 65 232 755 417 570 232 820 570 Performance related grants reflect grants r￿1Ved with limitalions to the use ol the funds within the general aC￿'vitieS of the charity. These reslrictK)ns may be geographical or relate to specific programmes or expenditure wiihin those programmes. 181Page

SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Comparative Slaternent ol Financial Activities- year end•d 31 August 2023 Unrestricted Restrict•d fvnds funds £￿00 £'ooo Total 2023 £'OOL) Income from: Donations and legaaes Charitable aebmties Investmeni ir￿orne Total income 75 189 75 353 164 266 164 430 Ex enditurè ¢n'. Charitable activities 145 164 309 Net incom• for the periodl Net movement in funds Fund balances al 1 Septemter 2022 Fund balanc￿ al 31 Au9usI 2023 121 121 111 232 232 All income and expendilufe derived from conlinuirrfj athlies. I91Pa￿e