Charity Registration No. 1162785 Company Regl$tratlon No. 09570335 (England and Wales) SPORTINSPIRED LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
SPORTINSPIRED LTD LEGAL AND ADMINISTRATIVE INFORMATION Current Trustees al dale ol-signing Mr RogerAlÈn Ms Helen Elizabeth Scott Mr Stève Hobbs Mr Randolph Ryan Mr Felix Sullivan Charity nurnb8r 1162785 Company number 09570335 Registsred office 7 Abert Buildings 49 Queen Victoria Street London UK EC4N 4SA Senlor Management Team Richard Raynes- CEO Audltor Knox Cropper LLP 85 Leadenhall Street London EC3A 2A0
SPORTINSPIRED LTD CONTENTS Page Trustees. report Independent auditors pOrt Statement of financial actwitie5 10 8alance sheet 11 Notes to the accounts 12-19
SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The Iru$tee$ pre$ent their port and a¢¢ounts for the year ended 31 Augu$t 2025. The Company was Incoorated on 1 May 2015, and the Charity was registered with the Charity Comrnission on 22 July 2015. The a¢¢ounls have bpen prepared in accordance with the aontIng policies set out in note 1 Its the accounts and complywith the Charity's governing document, the Companies Act 2006 and Accounting and Reporting by Charities". Slalementof Recommended Practice applicable to chanties preparing their accounts in accordance with the Finanaal Reporting Standard applicable in Y)e UK and Republi¢ of Ireland IFRS 1021 leffe¢tive 1 January 20221". A message from our CEO 2024-2025 tnarked a period of continued growth and increased Confiden for the Charity. as we consolidated our position and 0rated well beyond the immediate constr8ints of the Covid-19 era. whi wider economic challenges, Including the ongoing cost-of-living pressures. continue to shape the extemal environment, year demon81rated the Charity's strong resilientr. adaptability, and growing capacity to cleliver and sustsin impact. In our202>2024 report, we reflected how our post-cowd strategy continued to focus on simplicity.. maintaining Strong relationships with long-lerm partners such as UBS, DC Advisory, and the Westminstsr Foundation,. d81ivering impa¢t where il was most needed". and keeping fixed costs low during a period of untrrtainty That approach laid a Strong foundation. and we are proud to say that in 2024-25, we built on il 5ignificandy. We've continued to strengthen our Infra8truclure. including improvements to financial admini81ration and programme delivery. Th&8& operational refinements are allowing us to plan with greater confidence and invest more time in growth and innovation. Th& need for ourwork remains urg&nl. As economic pressures continu8 to impact families, esp&ually in deprived Communities, the role of physical a¢tivity and ¢ommunrty engagement In supporting children's mentsl and physical health has never been more critical. Looking ahead. we rernain focused. We'll continue delNering in Ihe communities that need us most, deepening relationships with our trusted partnets. 2nd expanding our reach thrOh new collaborations and initiatives. We are proud of what we've achieved, and even more excited at what's next. Our oblectlves Sportlnspired's governing document, th8 memorandum and articles of a5souation, Sel out our purp05e5'. To a¢t as a resource for young people, but not ex¢lJsively. by providing adm and assistsnce, and organising programme5 of physical, educational and other activilie5 a5 a means ot. al advancing mental and physical health and wellbeing., bl advancing education (including developing employability, leadership and enterprise skills through training and developrnenll, cl promoting volunteering (where to do so furthers a charitable purpose or purposes). dl providing recreational and leisure time 8clivity In the Interests of social welfare for people who have need ty ason of their youth. age, infimity or disabilty. poverty or social and economic cir¢umstsns with a view to improving the conditions of life of such persons, and el the promotion of any other charitable purpose for the benefit of the public (charitable under English lawl. Th8 Truste85 are aware of the public benefit guidance published by the Charity Commission. We have considered the objectives of the Charity and have given regard to how the8e objectives and th& associated activities meet the public benefit Criteria. Our vlslon and mlsslon Sportlnspir&d exists so that every child. regardl888 of background, can develop th& confiden and courag8 to follow their dreams. In the UK, over4.2 million children Iwe in povety, facing an uphill struggle to live healthy, happy lives. The wellbeing of Ihe8e ehildren, a fundamental human right. 18 compromised. The8e childr8n ¢2n fall into a viciou8 cycle from an
SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 earfy age. Consequeno$ include poor health and low academic atlaitTrment along with a depleted sense of PUTPOSe, low aspirations and confi'dence. Children growing up in povety are three times more likely to suffer mentsl health i88U88 and twice as lik&ly to face obesity than their more affluent peers. These childr8n are less likely to b& active, less likely to achieve high godes and mo likely to engage in anti-social behaviour. Sport has the power lo overcom8 the consequences of povety, raise aspirations and unite communitie8, and we provide the platfom forthis ¢hange. We connect a diverse community of stakeholders to create sustainable neiworf($ that help children and young people from deprived communities to Ihrwe. For 7 to &YearId8. we kick-slart healthy habits strong enough lo last a lif8lime. And we help 12 to 16-year-olds get on a positive path, develop essentr'al VOC2tional skills 2nd Improve their employment prospects. Our expertise for engaging childr8n and young people is honed by combining grassroots eXrienCe with national best practices. Sport England's research highlights that lack of enjoyment Is a major barrièr for children taking up sport. Inspiring children lo have fun is at the core of everything we do. Volunteers are an Important part of our programmes. In 8n environment of maximum fun and excitement for all, volunteers help to create lifxhanging tnoments for children and young people thern5elvesl. The sp0rt1nspid moclel KtqthSptylWrydth•t l5]dIaLa1l up20vJtekkatata ART FESTIVAL >>> LEGACY SUSTAIN Mmlsty vJPkvt•dbYtwW•rt yEtestD0v •W5pwlswthsstteit In addition to our wort with children and young peop, we have expanded our mission to support vulnerable communities through Sport. in¢luQing our Involvement in the Afghan Relocations and Assistance Policy IARAPI project. By delwering mulli5POrt provision al ARAP srtes nationwide, we helped Afghan families integrate, build confidence, and improve Ih8irwellbeing through structured physical activity. Acllvltles andAchlevements Beeen September 2024 and August 2025. through our usual face-ttrface festivals we worked with.. 5,869 children and 1.153 volunteers acros$ 21 multi-SPOrts festnials and praMMe$ 834 children participating across the 422 legacy 5e55ion5 in the 43 Legacy Clubs set up 48 primary schools and 6 secondary schools 231 Young Leader8. who gained valuable employability ski118 and 13 Leaders of Fun Also, through the ARAP Programmes deliveries worked with.. 10,521 hour8 dèlivered across 9 Ministy of Defente sites
SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 We Measu impact made using the usual que$bonnairtrbased melhoéoloyy and Measu the changes for those PartIPating in our programmes al baseline, post-feslival, and end of programme. In addrtion to our usual fa-t&fa festival$ and Clubs. we Continued the delivery of evidence-based proyramme$ to rneel communities, needs. Income andexp8nditur8 WÈ continue lo m81nt8in 81rong relationships with key partners Including UBS, DC Adv180ry. and the Weslmin8ter Foundation. These partnerships have provided continuity and stsbility as progratnmes have tnatured, including the ARAP programme, which is now in its final pha8e and scheduled to conclude at the end of 2025. IAfftilst the organisation is In a stronger position in all sen8e8, than in previous years, we continue to opèrate within a Challenging and uncertain environment. In response. a strong focus on cost efficien¢y has been maintained throughout 202412025 to ensure programme sustainability and continued delivery to our communities. Fixed and operating t0818 h8ve remained low, and the organisalion has continued to oper8te leanly while maintaining effective delivery. We ¢ontinue to benefit from fe part-time office spa¢e provided by DG Advisory. helping to minimise overheads. In parallel. we have inve51ed in building a strong and capable delivery team to support programrne quality, resilièntÈ. 2nd future growth. In addition. the availability of some unre$tri¢ted funding has ¢ontinued to provide finan¢ial stability into 2025 and beyond Our202312024 51rategy proved successful. allowing us 10 Strengthen ourfinancial position significanlty. We continued to apply this Strategic approach in 202412025, support8d by sustained funding through th& ARAP programme. whith has enabled us to further build and Stsbilise our serves. As a SUIt, we have now a¢hieved our long-term aspiration of holding al lea516 month5. Worth of full cos15 In unrestridecl ieserve5. However, while this m8A(s a significant milestone, we remain committed lo securing diverse and sustsinable funding $ources. Imlh theARAP prffjramme schedul&d lo concludè al the end of2025, we are proactively working to broaden our fvnding base and reduce reliance on any Single prograwme. By continuing to strengthen our fundra15ing activity and develop new partnerships, we aim to ensure finanual stsbility beyond ARAP and sustain our impactoverthe long Looking to the future.. strategic objectives for 20254 and beyond We continue lo implement our 2030 vision- lo help a117 10 9-year-olds living in deprivation exp8ri&nce Ihe benefits of Sport. However. while our strategic objectives remain un¢h2nged, thè Impact of past dismptions. parti¢ulady from the pandemic, means that the timescale5 for achiewng this vision will inevitabty extend. Al the same time, we will remain flexible in our approach. ensuring our programmes continue to adapt to meet the needs of each community. This includes piloting and refining eVIden-based Initiatives that align with our br08dÈr strategy. such as the Leaders of Fun programme. and our new Leadership & Employability Ex¢ellen¢e Programme. In addition, the d8livery 8nd n8tional reach of the ARAP programme represents an important step into new territory for the organisation. This work reflects 8 natural extension of our vision that sport should b& accessible to all. infor¢ing our belief in rts power to foster wellbeing, Inclusion. and community ¢ohesion. gardleSS of bathground or circumstance. We now have a clearer understanding of what 1$ qUIr to stngthen our relationships with schools, sports provider5. venues, and funding partners. ilthile we are in a Strong position, we rectynize that there 15 always room for further growth and d8&per collaboration to enhance consistency, 8uslainability, and long-term impact in th8 communities we serve. will continue lo invest in the following CO areas to achieve the growth we aspi to in line with our 2030 Visn. Capacity.. inv?81ing in our people, growing both our programme dèlivery and fundraising teams, and investing in technology trj improve effiuency
SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Impa¢l." upskilling s¢hools and Cither lo¢al assets, and developing products tu make ¢ommJnitie$ $elf-sJffi¢ient Organic growth". continuing to deliver programTne5 our5elve5. building our understanding of communities, needs before upskilling them Charity profile.. developing new marketing and communications method8 to grow our supporterbase, ra18e funds and position Sportlnspired as a pioneering leader in raising thildren's wellbeing Expansion and Inclusion." Building on the success of the ARAP programme, which has allowed us to extend our reach into new communities. This Initiative reinforces our commitsnenl to making sport acce88ible to all. u8ing it as a tool lo foster Integr2tion. wellbèing. and empowennent for those in nÈed Flnanclal vIeW The Trustees acknowledge thatthe Covid-19 pand8mic had a significant impsct on the Charity's incoming resources, expenditure. and the fair value of its a88ets and liabilities. Vlfftile the most immedi8te effec18 of the pandemic have nowsubsided. ils legacy continues lo influence the broadereconomic environment in which the Charity operates. The Trustees have assessed the ongoing implication5 and are confident that the Charity has sufficient reserves and the operational flexibility nec*ssary lo adapt and continue its activit8 8U8t8inably into the foreseeable future. Al 31 August 2025, the charity held total funds of £761,000. all of which were unre511icted. Ihfithin these unre511icted funds, £250.000 has been designated by the trustees for th& development of the team and th& upgrading of systems. These designated fvnds are nvt available for general purposes and are expected to be utilised over the next three year5 a5 the charity invests in its people and infrastructure in line with 115 strategic plan5. The charity's f reserves, being unrestrided funds exduding designated amounts, amounted to £511.000 at the year end. The trustees have sel a target minimum level of ffft oserves of £500,000. representing approximately six months of unrestricted operating exndIture. This level of reserves is consider8d appropriate lo ensur8 that. in the event of a significant drop In fvnding. the charity can ¢onlinue its Current a¢livitie$ while allernalive sources of Income are Secured. Al 31 August 2025. free reserves were £11,000 above the target lÈv&l. The trustees will continue to monitor reserves against this target and EVEW the planned use of designated funds to ensure that resou[S rernain aligned with the charity's objectiv&s. Perceived risks to Sportlnspired Troubled economic limes continue to hève a signrficanl impact on ttTre lives of the very people we are attempting to reach. Rising energy cost8 has put sports club8 8t risk. especially In the winter months. and the rising tosl of food is in some case forci parents to choose between food and 5POrt for their children. We are not immune to this. Rising costs must be offset by increasing r8venue, and of course, th& impaet of the associated unrtain financial climate continues lo make it challenging for us lo secure funding from our corporate funders as well as Housing soCIatiOns. The trustees have a8se8sed thè major risks to which the Charity 18 exposed and are Satisfied that Systems are in Pla to mitigate exp05uie to the major risks. A5 a re5uII of the challenge5 in generating incorne. without SLrffioent mitigation we acknowledge there could be a significant risk lo our income and reseNes. The post Covid pandèmic cost of living cris18 Is affecting the funding availat>le for the Charty's work, even as demand increases. A series of e¢onomi¢ ts¢lors are limiting the funding made available by corporate partners. and au51erity and continued pressures on public finances are lirnibng funding available for the Charity from slalutory sourc&s. The Charity has implemented. and continue5 10 itnplement. è range of mitwating measures to Tnanage financial and operational risks. A CO strategic priority r&main5 the continued growth and protection of unr&81ricled reserves in ordèr to strengthen long-lerm financial resi1nCe. Ihfith the ARAP prffjrammÈ 8ch&duled to conclude at th& Ènd of 2025, the Charity is actively managing this transition by broadening ils funding base and reducing reliance on any 8ingl& income stream. Bu8ines8 development 18 èmbedded 8cros8 thè organisation. with team8 contributing to income diver8ifit2tion through the developrnent of high-value network5, major donor5, and inslilutional partnerships. Maintaining and 51renglhening relationships with exi51ing funders. including repeat and multi-year support, remains a key miligant. supported by a
SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 strong track ¢0[ of funder tentiOn. In parallel, enhanced communications activity is being used to increase visibility. engagement, and pipeline development. Sportlnspired has a risk register, and reports to the Trustees on major risks. Given the nature of our woth, we tske Child prote¢b"on and safeguarding eXtmelY seriously and ensure robust processes and pro¢edu*s to dte the sk5 of any issues arising. All stsff complete safeguar(ling training on induction. and all volunteers are given safeguarding training at the start of their volunteering. There are written policies and procedur&5. which ar8 upjated as nece88ary and arÈ reviewed al most every 40 years All our employees have an enhanced DBS ched¢ upon stsrting their role and are rfrchecked every three years. Financially. the Charity currenuy operates thrOh a combination of a comm188ioned accountancy consultant and an intem31 programtne manager who regularfy inputs invoices and receip15. While it was originally the Charity'5 intention to r8cruil a dedicated internal financial expert lo support the CEO with regular oversight and analy8B of the Charity's financial admin181ration and perfornance, resourc& constr8in18 have made this unf&asible for now. However, we have successfully outsour our financial admini5tralion to Upstreamly. which has helped alleviate pSSUre on programme managers and allowed ourfinancial processes lo run more smoothty and efficiently. Stsff muneratIon Salariè8 arè set based on perceiv8d msrket rates for the level of ski118. expèrienee and responsibility required. Sportlnspired has a talented team of employees and strives lo achieve an efFective balanee of awarding remuneration which 15 affordable to the charity while enabling us to retain our highly talented staff. Vvhilst it 15 difficult lo understand reliably what'nomial. is for a charity of the size and scope of Sportlnspired, we have benchmarked salaries using publicly available salary benchmarf<ing guides le.g. the Harris Hill salary Survey) and our own research Into advertised salaries forequivalent roles al 5imilar-sEed charities. Trustee Selection Trustees have been selected based on their ability lo nurture and guide a srnall but ambrtlOU5 organisation. focused on building a reliable and sustainable sourc? of revenue. As our income has always been mosdy from the private sector, Il has been important to havè Trustees who have a proven track record of success there to enable the best strategy lo be devised and followed and the best guidance to the executive i55ued. During thè reporting period. Sportlnspired 81renglhened its governance procedure8 by strengthening its conflict management pvli¢y and procedures, putting in place a "Matters Reserved and Delegated Authority policy. and requiring all Irust86s and senior manag&ment to annually compl8ts.fit and proper person" dedaralions. Structure. governance and management The Charity is a company limited by guarantee. The trustees, who are also the directors for the purp08e of company law. and who served duriro the period were.. Ms Helen Elizabeth Scott Ms Michelle A8hley (resigned 18 November 20241 Mr Felix Sullivan Mr Randolph Ryan Mr Steve Hobbs Mr Graham Russell ISIgned 25" August 20251 Mr Roger Allen ststement of tru$tees' re$pon$lbllltles The trustees. who are 8180 the directors of Sportlnspired Ltd for the purpose of company law, ar& responsible for preparing the Trustees. Report and the accounts in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel including Finanal Reporting Standard 102 'The Financial Reporting Standard appli¢2ble In the UK and the Republic of Ireland..
SPORTINSPIRED LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Company Law 41$ trustees to p¢pa a¢¢ounts for each finan¢ial year whi¢h give a true and fairview of the state of affairs of the charitsble company and of the incoming resources and application of resOUrS, induding the ineDm6 and 8xp8nditure, of the charitable company for that period. In preparing these accounts. the trustees are required lo". $ele¢t $uitsble ac¢ounling policies and then apply them ¢on$i$tenUy-. observe the methods and principles in the Charitie5 SORP." make judg8m8nts and estimates that are reasonable and prudent., prepare the accounts on the going concÈrn bas18 unless il is Inappropnale lo presume tt)al the Charity will continue in operation. The trustees are responsible for ke&ping adequate accounting record8 Ih8t disc108& with rea80nable accuracy al any 'me the financial position of the charitable company and enable them to ensure that the account5 comply with the Companies Act 2006. Th&y ar& also responsible for safeguarding the assets of the Charty and ne8 for taking reason8b 81eps for the prevention and detection of fraud and other Irregularits. In so far as the trustees are aware.. There is no relèvant audit Information of which the charitae Company's auditors are unaware., and The trustees have tsken all steps that they ought lo have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that InfOatIOn Audltor Knox Cropper LLP were appointed a5 audrtor to the cornpany and in accordan wth section 485 of the Cornpanies Act 20. 8 re801ulion prop08ing that they be re-appointed will be put at a Genèral Meeting. The trustees. report Wa5 approved by the Board of Trustses. This report ha$ been prepared In arKordan¢ewith the sperial prowsiDn$ of Part 15 Dfthe Companies A¢t2006 relating to small companies. Mrsteve Hobbs Trustee Dated." 30.03.26
SPORTINSPIRED LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPORTINSPIRED LTD We have audited the fiTranci81 statements of SportlTrspired Ltd (the 'charit8ble company'l for the year ended 31 August 2025 which comprise the Statement of Financial Activities. the Balan Sheet and notes lo the financial statements, in¢luding 8 summary of significant accounting policies. The fi'nancial reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practitsl, induding Financial Reporting Standard 102 'The Financial Reporting Standard applicab in the UK and Republic of Ireland,. In our opinion the financial ststements.. Give a true and fair view of the state of the charrtable cornpany's affai[5 as at 31 August 2025 and of Its Incoming reSoUrS and appIltiON of resours, including its incorne and expenditure, for the year then ended.. Have been properly prepared in accordancÉ with United Kingdom Generally Accepted Accounting Poct1, Including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in The UK and the Republic of Ireland.; and h8ve been prepared in accord8nce with the requirements of the Companies Act 20C6. Ba$1$ for oplnlon We conducted our audrt in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described In the Auditors responsibilities for the audit of the financial staternenls section of our report. We are Independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the finanal statement5 In the UK, including the FRC'S Ethical Standard. and we have fulfild our other ethical responsibilities in accordance with these requirements. We believe that the 2udit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statement5, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statsments IS appropriate. Based on the work we have performed. we have not identified any material unTrrtainties relating lo events or conditions that. individually or collectively. may ¢ast significant doubt on the charitsble company's ability to continue as a going conrn for a period ol at least twelve months from when the financial statements are authoiised for issue. Our respDnsibililies 8nd the responsibilities of the trustees wth respect to going concern are described in the relevant sedions of this report. Other infonnation The Iru51ees are responsible for the other information. The other information comprises the infoitnation included in the annual report, other thsn the finan81 statements and our Report of the Independent Auditors thereon. Our opinion on the Iinanoal slatements does not cover the other information and. expt to the extent otherwise explicitly stated in our report, we do not express any forTn of assurants conclusion thereon. In connection with our audit of the financi81 statements. our responsibility 13 to read the other information and, in doing so, ¢onsider whether the other information is materially inconsistent with the financ#al statements or our knowledge obtained in the audrt or othetwise appears to be materially misstated. If we identify such material Inconsisten¢ies or apparent material misstatements, we are QuIred to determine whether there is a material misstatement In the financial statements or J material misstatement of the other infom)ation. If, based on the work we have rformed, we conclude that there is a material mi5Statement of this other information. we are required lo report th8t fact. We have nothing to report in this regard. Oplnlons on other matters pres¢rlbed by the Companle$ Act 2006 In our opinion, based on the work undertaken In the coutse of the audit."
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 which the financial statements are prepared is consistent with the financial statements.. and the Report of the Trustees has been prepa in accordance with applicable legal rtquirements. Matters on which we are required to report by exceptio In the light of the knowledge and understanding of the charitable cornpany and it5 environment obtained in the course of the audit, we have not identified material misstatement8 in the Report of the Trustees. We have nothing to port in SpeCt of the following matters Whe the Companies Act 2006 qUireS us to report to you If, in our opinion-. adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us., Dr the financial ststements a not in agement with the a(tounting records and returns., or rtain disclosu$ of trustees, MUneratIon specified by law a not made". or we have not reTrived all the Information and explanations we require for our audrt, or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in prep8ring the Report of the Trustees. Re$pon$lbllltle$ of Iru$tee$ As explained more fully in the Statement ol Trustees Responsibilities, the trustees Iwho are also the d1CtOrS of the charitable company for the purpose5 of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a twe and fair view, and for such Internal control a5 the trustees determine is nesSary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial Statements, the trustee5 ale respon51ble for assessing the chaiitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concein basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial ststements Our objectives are to obtain reasonable as5uranTr about whether the financial statements as a whole are f& from material misstatement, whether due to fiaud or errol, and to Issue s Report of the Independent Auditors that includes our opinion. Reasonable assurance is 8 high level of assurance. but is not 8 gu8rantee that an audit conducted in 8ccordance with ISAS IUKI will alw8ys detect a materi81 misstatement when it exists. Misstatements can arise from fr8ud or error and a Considered material If, individually or In the aggregate, they could reasonably be expected lo Influen the econotnic decisions of users taken on the basis ofthese financisl statement5. Irregularities. including fraud, are instanc£s of non-compliance with laws and regulation5. We design procedu$ In line with our spOnSIbl11t1e$. outlined above, to detect material misstatements In respe¢l of Irregularites, including fraud. The extent to which our procedures are capable of detecting irgu1arrtie$, including fraud is detailed below-. The charit8ble company is required to comply with both company18w and charity law as applicAble in England and Wales and. based on our knowledge of rts actDiities. we identified that the legal requirement to 8ccurately account for restricted funds was of key significancE. We gained an understanding of how the charitable company complied with Its legal and regulatory framework, including the requirement to properly Jccount for restricted funds. through discussions with management and a review of the docutnented policies, proceduie5 and controls. The audit team. which 15 experienced in the audit of charities, considered the ch8ritable company's susceptibility lo material misstatement and how frau¢J may occur. Our considerations included the risk of management override. Our approach was lo check that all income was properfy identified. which Included both ostricted incorne and the deferral and accrual of incorne from grants and donations.
SPORTINSPIRED LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPORTINSPIRED LTD We carried out both substantive and analytical testing on expendrture and payroll to ensure that it was valid and appropriate and had been charged to the correct fund. This included reviewing joum81 adiuslments and unusual transactions. A further description of our responsibilitie5 for the audit of the financial statefflents is located on the Financial Reporting Council'5 web51te at www.frc.org.uklaudrtorsiesponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's rnetnber5, a5 a body, in accordance wrth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might State to the charitable compsny's members those rnalters we are required to 5tste to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not 8ccept or assume responsibility to anyone other than the ¢harrtable ¢ornpany and the charitable company's members as a b{Y. for our audit ¥vork, for this report, or for the opinions we have formed. Richard Billinghurst FCA Isenior Statutory Auditor) For and on behalf of Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Date". ..Q.21.Q.412Q2.6........
SPORTINSPIRED LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Year ended 31 Aug 2025 £'ooo Year ended 31 Aug 2024 £'ooo Unrestricted Restricted funds funds £'ooo £'ooo Notes Income from.. Donations and legacies Ch8ritable activities Investment income Totsl Income 25 1.308 25 1,372 71 744 64 1,341 64 1,405 820 endlt Charitsble actpiities 1,150 64 1,214 482 Net incomellexpensel for the yearl Net movement in funds 191 191 338 Opening Fund balances at 1 Septernber Closing Fund balancgs at 31 August 570 570 232 781 781 570 All incorne and expenditure derive from continuing activities.
SPORTINSPIRED LTD BALANCE SHEET AS AT31 AUGUST2025 31 August 2025 £'ooo 31 August 2024 £'ooo Notes Non-current assets Fixed Assets 10 Current assets Debtors Cash at bank and in hand 12 248 769 1,017 365 400 765 Creditor5- amounts falling due within one ye8r 13 12661 Net current assets 751 570 Net Assets 761 570 Income fund5 Unreslricled general funds Unreslricled designated funds Restricted funds 511 250 570 761 570 These financial statements have been prepared in accordance with the special prowsions of Part 15 of the Companie8 Act 2006 relating to small charitabl& Compan8. The accounts were approved by th8 Trustees on 30th March 2028. Mr Steve Hobbs Trustee Company Registration No. 09570335
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ouniing policies Charity information Sportlnspired Ltd Is a private ¢ompany limited by guarantee incorpo¢ted in England and Wales. and is a public benefitenlity. The registered office is 7 Albert Buildings. 49 Queen Victoria Street, London. EC4N 4SA. UK. The Company was incorporated on 1 May 2015 and the Charity was regisl&red with the Charity Commi$$ion on 22 July 2015. The Company pSentS its finantsal $tstements for the year ended 31 August 2025. Accounting convention The financial slatsm8nls have been prepared in acLordance with Accounting and Reporting by Charities.. St8temenl of Recommended Practice applicable to chari11È8 preparing their accounts in 8ecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20221 Icharities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Aet 2006 The accounts are prepared in sterting, which is the fiJnctional currency of the Charity. Monetary amounts in these financial stal&ments arè rounded to the nearest £'DOO. Assets and liabilities are initially recognised al hi81oric81 c08t or transaction value unle88 otherwise 8tat8d in the relev8nt accounting policy or note. Golng concern At the time of approving the accounts, the trustees have a reasonaye expectation that the Chanty has adequats resources lo continu8 in operab'onal existence for the foreseeable future. Thus the trust8es continue lo adopt the going concern basi8 of accounting In preparing the accounts. The trustees consider that there sre no m8tsrial uncertainties about the Charity's ability to continue a5 going coneern. In forming this opinion. they h8ve considered the continuing impact of both the Cov115 pandemi¢ and the ¢osl-of-Iiving ¢risis, on both its in¢ome and expenditure for at least a period of twelve months from the date of approval of these financial statements. From 2022-25 the Charity has built a new and excitr.ng team across 811 funelions 8nd has continued 10 8ecure new funding from existing and new funders. which ha$ ensured the Charity's ability to ¢ontinJe as a going ¢on¢em until al least Mar¢h 2027. CharltsblÈ funds Unre51ricled funds are available for use at the discretion of the tru51ees in furtherance of their tharitable objectives unless the funds have been d88ignatsd forolher purposes. Restricted funds are subject lo speufi¢ Conditions by donors as lo how they may bè used. The pury)oses and uses of th8 restricted fund8 are sel out in the notes lo the accounts. Incoming resource5 Income 18 recognised when the Charity is legally enlilled to it after any pertonrance tonditions have b8en rnel, the arnounts can be measured reliably. and il is probable Ih8t income will be received. Cash donations are r&cognised on ceipt Olherdonalions are recognised oncÈthe Charity has notified of the donation. unle55 performan conditions require deferral of the atnount. Income tax recoverable in lalion to donations reived under Gift or deeds of covenant is recognised at the time of the donation.
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Incoming ourCeS l¢ontinueill Legacies are recognised on rec&ipl orotherwise rfthe Charity has been notified of an impending di81ribution, the amountis known. and Olp1 is expected. If the amount is not known. the 8¢Y Is ItEated as a ntingent asset. Donated professional Sem$ and donated facilities a re¢ogni$ed a$ income when the ¢harity has control overthe item or received the service, any conditions associated with the donation have been mel, the receipt of economic benefit from the use by the charity of the item is probable and that economic ben8fil can measured reliably In accord2neÈ with the Charities SORP IFRS 1021, volunteer time is not recniSed so refer to the trustees, annual report for rnore information about Iheircontribulion. On receipt, donated gifts. professional servic*s and donated f2eilities are recognised on the basis of the value ofthe gittto the charitywhich is the amountthe charty would have been willing lo payto obtsin se[wS or facilities of equivalent economic b&nefil on thè op&n market,. a corresponding amount 15 then recogni58d In expenditure In the rIOd of reeeipl. Turnover is measured st the fair value of the consideration received or Ceivable and represents amounts rec&ivable for goods and seNices prowded in the nomal course of business. net of discounts. VAT and other sales related taxes. Resources expended Exp&nditure is recognised onc8 th8re is a leg81 or constructive obligation lo make a paym8nt to 8 third party, it 18 probable that setllement will be required and the amount of the obligation can be measured reliably. Exp&nditure is dassified under the following activity heading.. Exp&nditure on charitable activities Includes the costs of projec18 undertaken to further the purpose3 of the charity and their associated support costs. Cash and wh equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investmen18 with original maturities ofthree month8 or less, and bank overdrafts. Bank overdrafts 8re 8hown within borrowings in ¢urrenl liabilities. Flnanclal Instruments The Charity ha5 elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financi81 Instrumen18 Issues, of FRS 102 to all of its finanaal instruments. Financial instwments aE re¢ognised in the Charity's balance sheet when the Charity bec¢mes paty to the contr8clual prowsions of the instrument Finan¢ial assets and Iiabililies are oftsel. with the nel amounts psented In the financial statements, when there is a legally enforc8abl8 right to 58t off th& recognised amounts and there is an intention 10 581118 on a nel basis orto realise the a88et and settle the liability simultaneou81y Basic financffal assets 8asic finantial assets, whid) include debtors and e28h and bank balance8. are initially measured at trans3Ction price including transaction costs and are subsequently carried 3t amortised c051 using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction Is measured at th& present value of the future receipts discounl&d at a markèt rate of Interest. Financial assets da55ified as receivable within one year are not amort15ed. BasAt flnanclal 118biiifies Basic finan¢ial liabilities, Including creditors and bank loans a initialty rectynised at Iran$action price unle$$ the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted al a market rale of Intere8t Financial liabilities classified as payable within one year9 not amortised.
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Financial in$iruments l¢ontinue<ll Debt instruments are 8ub8equenUy eArried at amortised c08t. using the effective interest rat8 method. Trade ¢reditors are obligations to pay for go($ or servi$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classrfied as current liabilities if payment 15 duewithin one year or less. If not. they are presented as nDn-current liabilities. Trade creditors are recognised initially al transaction price and subsequenyy mea$ured at amortised cost using the effe¢tDie Inte$t method. Derecognition of financial liabtlities Financial112bilities are dereCnI8ed when the Charity's contractual obligations expire or are discharged Dr canlled. Employee bpnefits The cost of any unused hOlaY entitlement is r8cognis8d in th8 pèriod in which the amploy8e'5 services are received. Temiination benefits are recognised immediately as an expense when the Charity is demonstrably comrnitted to terminate the employment of an employee or to provide termination benefits. Crltlcal accountlng estlmates and Judgements In the application of the Charity's a¢¢ounting policies, the trustees are oquired 10 mako judgements. estimates and as8umptions about th? carrying amount of assets and li8bilili8s that are not r8adily app8rent from olhersources. The estimates and associated a8sumptions are based on historical experience and other factors that a ¢on$idered to be levant Actual SuIts may differ from these eslimales. The estimates and undertying 888umptions are reviewed on an ongoing basis. Revisions lo accounting estimates a recognised in the period in which the estimate is ViSed where the vIsion affects only that Period, or in the period of revision and future periods where the revision affects both cutrent and future periods. Donaiion$ and lega¢le$ Unrestricted Restricted funds funds £'ooo £'ooo 25 Year ended 31 Year ended 31 August 2025 August 2024 £'ooo £'ooo 25 71 Donations and gifts 25 25 71
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 In¢ome from charttable a¢tlvltle$ Year ended 31 Year ended 31 August 2025 August 2024 £'ooo £'ooo 1,308 Sales within charitable activities PerfortnsnTr related grant5 60 744 1,372 Ansly5is by fund.. Unreslricled funds Re$lri¢led funds 1,308 64 1,372 679 65 744 Analy$l$ of resource$ expended Support costs (note 61 £'ooo 37 37 Direct costs Total costs Current year Garnes programmes Charitsble activities £'ooo 1,177 1.177 £'ooo 1,214 1,214 Support costs Inote 61 £'ooo 28 28 Direct costs Total cost5 Prfor year Gaffles programrne5 Charitsble activities £'ooo 454 454 £'ooo 482
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of support costs Current year A¢countsncy £'ooo Finance Governance costs Totsl £'OOO £'ooo £'ooo £'ooo Games programmes 12 11 37 Prior year Accountancy Finance Govemance cost5 Total £'OOO £'ooo £'ooo £'ooo £'ooo Games programmes 12 28 Govemance C08t8 consliluts £6.00012024.. £6,000) of audit fees and £nil12024.. £nill of slratsgic management costs which have been fully allocated lo charitable activits"e$. Net Incomlng re$our¢es for the year This is ststed after charying.. Year ended 31 August 2025 £'ooo Year ended 31 August 2024 £'ooo Remuneration to auditors lor audrt of the finantsal statements Description of charitable activitie8 Games ro rammes Delivery of garne5 programmes support young people to develop their skills and have better physical wellbeing. Our programmes are tailored to the needs of the local community and use the power of sport to help develop young people's ernployability skills and confidence while also helping to get them active in a sustainable way. Trustees None of the trustees lor any persons connected with them) recÉNed any remuneration or benefits from the Charity. No olhertrustee was reimbursed expenses during the year or the prior year.
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 10 Employees Number of employees The average monthly number employees during the period was.. Year ended 31 August 2025 28 Year ended 31 August 2024 Charitable actNities Year ended 31 August 2025 £'DOO 567 Year ended 31 August 2024 £'ooo 233 Wzges and salaries Employer pensions contributions Social security costs 16 254 623 The key management personnel of the Charity are tho$e persons having auY)ority and re$pon$itiilily for planning. directing and controlling the activitie5 of the entity, directly or indirectly. including any Iru5tee of the entity. For Sportlnspired Ltd they comprise th8 Ttustees and senior management team. The total employee benefits, including employer pension conlribulions. payable lo kèy manapment per80nnel during the year amounted to t82.00012024.' £73,000). Fixed a$$ths Computer Equipment £'DOO Cost As 1 September 2024 Additions At 31 August 2025 15 26 Accumulated depreciation As 1 September 2024 Depre¢iation charge for the year At 31 August 2025 15 16 Net book value As 1 September 2024 At 31 August 2025 10
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 12 Debtors 31 August 2025 £'ooo 147 80 21 248 31 August 2024 £'ooo 145 220 Amounts falling due within one year. Trade debtor5 PpaYments and accrued income Other debtors 365 13 Creilltors.. amounts falllng due wlthln one year 31 August 2025 £'ooo 20 131 115 266 31 August 2024 £'ooo 15 103 77 195 Amount$ falllng due wlthln one year. Tiade payables Accruals and other Creditors Deferred income t*ferred income r&lale8 10 income received from funders which is du& to be spent on delivery costs not yet incurred but expe¢ted tu fall due shortly after the year end and 1$ not repayable to tt)e fvnder because of the expe¢talion that delwery of progratnme5 will occur after the year end. 14 Relatsd party transaction5 Transactions with related partl85 During the year, the ¢harily purchased ¢ommuni¢ation$ ¢on$ultan¢y $ervi¢e$ trom the partner of a Trustee who held office during the year. Total payments made in the year amounted lo £24.67512024' £nill. The Tw$tee de¢lared his Inte$t and did not partipate in the decision4Daking process. The Trustee5 confirmed thal the services were provided OD normal commercial terms and al market value. No amounts were outstanding at the year end.
SPORTINSPIRED LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 15 Movwllent in funds At 1 SeptembÈr Incomlng Outgolng 2024 Resources Resources £'ooo £'ooo At 31 August 2025 £'ooo Transfer5 £'ooo Restrl¢ted Fund$'. Perforrnance related grants Unrestricted funds: General Designated 570 1,341 12501 250 511 250 570 1,405 1.214 761 Performance related gran15 reflect grant5 received with limitstions to the use of the fund5 Within the general activitie5 of the charity. These restrictions may be pographical or relate lo speerfic programmes or eXndItUre within those progratntnes. During the year, the trustees designated £250.000 of unrestricted funds to inv88t in the charity's p8opl8 and inf0slruclu. This designation reflects planned expenditu on team ¢Jevelopment and system$ uwrades, which is expected lo be incurred over the next three ye3rs. 16 Comparative Ststement of Financial Activitie5- year ended 31 August 2024 Unrestrictsd Restrict8d funds funds £'ooo rooo Total 2024 £'ooo Income from.. Donations and legaci88 Charitable activities Investment income 71 679 71 744 65 Total income 755 65 820 Ex nditure on.. Charitable activities 417 65 482 Net income for the periodl Net movemerf in fund$ Fund balances al 1 September 2023 Fund balances ai 31 August 2024 338 338 232 570 232 570 All in¢ome and expenditure derived from Continuing activities.