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
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*AE2YSL148'
20105r2025
COMPANIES HOUSE
A15
#iY2

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 q1*51ionnair&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￿10*1* 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 continL*d 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 re*ngaging 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 issL*d.
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