**Charity registration number 1165592** ## **ENERGISE ME** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **ENERGISE ME** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Jon Monkcom| |---|---| ||Steven Pease| ||Dr Paul O'Halloran| ||Selina Russell| ||Dawn Tilley| ||Dr Samantha Meredith| ||Shakiba Moghadam| ||Zoe Williams| |**Chief Executive Officer**|Julie Amies| |**Charity number**|1165592| |**CIO registration number**|CE005425| |**Principal office**|Westgate Chambers| ||Staple Gardens| ||Winchester| ||Hampshire| ||United Kingdom| ||SO23 8SR| |**Auditor**|Azets Audit Services| ||Athenia House| ||10-14 Andover Road| ||Winchester| ||Hampshire| ||United Kingdom| ||SO23 7BS| ## **ENERGISE ME** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 7| |Independent auditor's report|8 - 11| |Statement of financial activities|12| |Balance sheet|13| |Statement of cash flows|14| |Notes to the financial statements|15 - 26| ## **ENERGISE ME** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Strategic Report** Energise Me is a Charitable Incorporated Organisation that is committed to tackling the things that prevent active lifestyles, so everyone can improve their health and happiness by moving more. It is registered with the Charity Commission under charity number 1165592 and with Companies House under the Company Registration Number CE005425. The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees are also directors for the purposes of company law and present their strategic report for the year ended 31 March 2022 in compliance with s414C of the Companies Act 2006. ## **Objectives and activities** The objects of the charity are to promote community participation in sport and healthy recreation for the benefit, in particular, but not exclusively, of the inhabitants of Hampshire and the Isle of Wight in the interests of social welfare for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities and services, in particular by: 1) Working with and through local agencies to increase levels of participation in sport and physical activity. 2) Promoting and providing programmes, services and facilities for sport, recreation, physical activity, informal education and other leisure-time occupation for healthy recreation. 3) The improvement and preservation of good health and well-being through participation in healthy recreation. 4) Facilitating and providing impact evaluation, performance measurement and related intelligence for public benefit in the context of sport, recreation, physical activity and wider health and well-being. 5) Promoting and providing education, training and coaching courses which promote physical health and fitness. ## **Who are we** Energise Me is a charity that champions physical activity for all in Hampshire and the Isle of Wight. We are working hard to make it easier for everyone to move more. Our goal is to create a happier, healthier and stronger future for local people. We won’t rest until everyone has the confidence, support and opportunity to be active on their own terms. Physical activity transforms lives. Our work is helping people to reduce their risk of major illnesses and depression. With your help, we are enabling communities to thrive. But we still have a long way to go. We are one of 42 Active Partnerships who work with partners to create an active nation. ## **Covid-19** This financial year has been impacted again by the pandemic with activity being restricted at various times due to lockdowns. It has not stopped the work of the charity, but it has impacted some investments such as the Energise YOUth and Investing in Communities programmes where services and facilities have not been able to open at some times during 2021-22. Our offices in Winchester have re-opened except for the times when we were advised by Government to stay at home. Staff are working in a hybrid way now with time being split between working from home and working from our offices in Winchester. - 1 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Strategy and Impact** With the launch of the We Can Be Active Strategy in November 2020, we set out Energise Me’s role to help deliver it in this document Energise Me will. Our work focuses on the 5 goals of the We Can Be Active Strategy: 1. **Positive early experiences** for our children and young people. 2. **Opportunities** that meet our needs and interests and are accessible and easy to find. 3. **Places and travel** routes where we all feel safe and are encouraged to be active. 4. **Suppor** t to help us get started or keep moving when we feel that we can’t do it alone. 5. **Bold leaders** working together to create happier and healthier communities. Our impact report for 2021-22 can be found here Energise Me Impact Report 2021-22. Alongside our 5 goals, and the content in the Impact Report we also carry out a range of other work. ## **Hampshire Talented Athlete Scheme** In partnership with Hampshire County Council, Enerigse Me supports athletes on the talent pathway through the Hampshire Talented Athlete Scheme. The Scheme supports athletes to reach their goals in Olympic, Paralympic and Commonwealth Games disciplines. It is funded by Hampshire County Council and managed by Energise Me to support local athletes on their path to the world stage. Athletes from over 70 sports are eligible to apply. We work closely with each National Governing Body (NGB) to make sure we’re giving the right support to athletes. As COVID hit most sports during early 2020, we adapted the way in which we received applications. We streamlined the application process and offered the same level of support received in 2020. We allowed special applications for the few athletes who were able to compete and improve their rankings/ results in 2020. One hundred and eighty-six awards were made to individuals across 33 sports to the value of £46,000. Hampshire County Council provided £40,000 of funding and Energise Me invested £6,000 of existing restricted reserves. Every area of the administrative county of Hampshire was represented amongst the awards, evidencing good geographical reach. ## Feedback from awardees included: "We used the grant awarded to Ava, to go towards a trip to Iceland for the Reykjavik Games. Ava represented team GB and won her figure skating Category with a 6 points lead. She is obviously over the moon and we wanted to say a huge thanks to the team there, as opportunities like this are only made possible with your support." Parent “Thank you for the funding of £500. This will allow me to attend England camps and pay for my travel to these camps, I am very grateful”. - Athlete - 2 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Coaching, Volunteers and Officials Bursary** In partnership with Hampshire County Council, we support our “bold leaders”, coaches, volunteers and officials, to support people to be active. In 2021/2022 £6,804 was allocated across 13 different sports or activities. From Dressage to Cheerleading to Swimming, these grants have supported the training and development of 41 people. Good geographical reach was achieved with 10 out of the 11 district areas in Hampshire represented. ## Feedback from awardees included: “We have been able to more than double in size in terms of the number of club members and the spaces we use for our sessions. In addition to this, Nick is such a dedicated coach, determined to provide the highest possible quality to our young athletes, that the rise in the quality of our coaching provision has been clearly noticeable”. “We strongly believe in leading by example and showing more girls can play, referee and coach will lead to more girls knowing that they can have a try. With the help of this funding, we are making this happen. The two girls have already refereed for two months, and they are also refereeing our new U7, U9 and U12 girls ‘Tigers’ teams when they can. Thank you”. All our work is made possible with the investment and support of our core funder, Sport England and the National Lottery. Also, Hampshire County Council for their investment into the Hampshire Talented Athletes Scheme and Southampton City Council for investment into the Agency. ## **Safeguarding** A safe and supportive environment enables children, young people and adults at risk to enjoy physical activity and sport. Safeguarding sits at the heart of everything we do at Energise Me. We have a lead officer, a deputy lead officer and a Board Champion. Safeguarding is a standing item on every team meeting. Each year, Energise Me has an annual review with the Child Protection in Sport Unit (CPSU) to assess if we meet the Safeguarding Standards. Our review assessed that we met the standards. During 2021-22 we have: - Assimilated vast amounts of information from the CPSU, ACT, Sport England, UK Coaching, Chartered Institute for the Management of Sport and Physical Activity (CIMSPA), and the Activity Alliance to respond to COVID, sharing content via a weekly partner’s newsletter, later transitioning to monthly updates. - Facilitated online partner networking events to create a space for partners to come together and talk about challenges and support each other peer to peer. - Written an Adult Safeguarding Policy which was approved by Board in July 2021. - Created some new guidance to support staff using social media. - Developed and released a Pride in Our Workforce resource to support LGBT+ participants better. - Provided training. We also provide a Safeguarding Check and Challenge Toolkit which pulls together key information, contacts and guidance notes to make it easier for clubs and activity providers to tackle safeguarding head on. ## **Acknowledgments** All our work is made possible with the investment and support of our core funder, Sport England and the National Lottery. Also, Hampshire County Council for their investment into the Hampshire Talented Athletes and Coaching, Volunteers and Officials Bursary schemes and Southampton City Council for investment into the Agency. - 3 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Financial review** Financial results for the year ended 31 March 2022 are shown in the statement of financial activities on page 12 with the associated assets and liabilities set out in the balance sheet on page 13. The statement of cash flows for the year is on page 14. Supporting notes to the accounts are on pages 15 to 27 and provide additional information to support the figures in the main statements. The financial statements have been prepared to comply with the Statement of Recommended Practice and Reporting of Charities SORP (FRS 102) (effective 1 January 2019). Total incoming resources for the year were £1,450,979 (2021: £1,290,381), resources expended were £1,366,525 (2021: £953,085) and the surplus for the year was £81,517 (2021: surplus £337,296). Energise Me's sources of funding have not changed in the last year. Sport England continue to be the principal funder with Hampshire County Council also making a significant contribution. In 2021-22, Sport England made total grants of £1,292,821 (2021: £1,145,118). Included in this figure was additional funding from the the Tackling Inequalities Fund of £216,714 (2021: £260,000). This was set up as a package of support to help the sport and physical activity sector recover through and after the coronavirus (Covid-19) crisis. This enabled Energise Me to distribute an additional £91,278 (2021: £150,000) of grants to organisations across Hampshire and Isle of Wight during the financial year. The remaining £235,436 has been carried forward to provide ongoing support during 2022-2023. Hampshire County Council contributed £116,000 (2021: £135,100) during the year which included funds towards the delivery of the Hampshire Talented Athlete Scheme, and the local coaching workforce for continuing professional development. ## **Reserves** The organisation’s financial reserves are made up of restricted and unrestricted funds. Total funds as of 31 March 2022 were £2,408,939 (2021: £2,327,422). Restricted funds amount to £696,100 and unrestricted funds £1,712,839. The reserves policy ensures that sufficient free reserves are held to cover a minimum of nine months employment and running costs and 100% end of contract costs (in the event of any significant delays or cessation of external core funding). The fund required to cover these costs is approximately £500k. On 31 March 2022 the unrestricted fund stood at £1.713m. In January 2019 trustees committed £0.5m of unrestricted reserves over 3 years to address inactivity amongst children and young people, women and girls, people with long term health conditions and one locality with the highest levels of inactivity. Trustees remain committed to this investment and plans have and are being delivered by the Energise Me team. This amount is shown as a designated reserve in the financial statements. Trustees have received regular reports on each element of this work. Based on progress and impact, trustees agreed at their board meeting in December 2019 to extend the investment through to 2023. ## **Investment Powers and Policy** Trustees reviewed Energise Me's investment policy in May 2021. This policy provides a framework for the management of the charity's reserve funds and uncommitted funds held. The policy aims to protect funds from inflation whilst maintaining liquidity, and to follow an ethical investment policy. ## **Pay Policy for Senior Staff** Pay levels are reviewed annually in April in line with our business reviews. The exact level of any pay review will be determined by considering a range of factors, including the performance of the organisation, the current pay market, the funding for the service within which they work, the performance of the employee and the economy as a whole. It is not guaranteed that any pay review will necessarily result in an increase in pay. ## **Grant making policies** The charity makes many grants to different organisations and individuals. Every programme and grant scheme has its own respective policy, led by officers of the Charity and overseen by partners, funders and informed experts. - 4 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Principal Funding Sources** Energise Me's total income of £1,450,979 (2021: £1,290,381) was secured from the following sources: - Sport England Funding £1,292,821(2021: £1,145,118) Broken down into: - Lottery Funding £1,292,821 (2021: £1,128,835) - Department of Education Funding £Nil (2021: £16,283) - Hampshire County Council £116,000 (2021: £135,100) - Other Revenue £41,955 (2021: £8,749) - Investment Income £203(2021: £1,414) Due to the impact of the pandemic, Sport England confirmed to Energise Me a 1 year ‘roll over’ to extend grant funding up to 31 March 2022. This provided a level of security and reassurance to Energise Me as one of Sport England’s national system partners. It was an acknowledgement too of the uncertainties, strains and demands being experienced across the sport and physical activity ‘eco-system’ because of Covid-19 and the associated restrictions in place to combat it. Additional National Lottery funding of £216,714 was awarded to Energise Me in 2021 from Sport England’s Tackling Inequalities Fund Using their insight, it became clear that certain groups of people were disproportionately affected by the pandemic. It was significantly impacting their ability to be physically active. Energise Me was tasked with helping to reduce this negative impact on people from lower socio-economic groups, culturally diverse communities, disabled people and people with long term conditions. This work has not only had a significant impact on the charity’s beneficiaries, but it has also generated new connections to share the benefits of a physically active lifestyle. Energise Me distributed £91,278 to clubs and organisations across Hampshire and Isle of Wight up until 31 March 2022. The impact of these grants can be found in some of the stories you can read here: Investing in Communities During this financial year, we began the investment process to remain a national system partner with Sport England from 2022-2027. We carried out a self-assessment, ensured that our policies and the We Can Be Active Strategy aligned to Uniting the Movement, and wrote an investment application. We were awarded a 5 year grant agreement which provides some financial security for Energise Me through to 2027. ## **Governance** Governance has remained strong throughout the year. All Trustee Board meetings have been held, some remotely and some with a combination of in person and online. - 5 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ Energise Me is a Charitable Incorporated Organisation with a Foundation Model Constitution established on 16 February 2016 by the Charity Commission. Its only voting members are its trustees. ## **Public benefit** The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Structure, Governance and Management** Energise Me is committed to ensuring its governance is dynamic and visionary. The charity actively recruits trustees with the right skills, knowledge and experience to support its work. It looks for diversity of thought, experience and background to ensure that strategic decisions are informed and challenged from different perspectives. Trustees are invited to apply through an open recruitment process. Each trustee can serve for an initial term of three years. A charity trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least four continuous years. There is also one nominated trustee from Hampshire County Council who can serve for three years. This position has not been taken up since 2018. An observer role with no voting rights is provided to Sport England, the principal funding partner. This position has not been taken up since the Charity was set up in 2016. However, we report to Sport England and comply with all requirements of tier 3 of the UK Sports Governance Code New trustees undergo an orientation to brief them on their legal obligations under Charity law, guidance on public benefit, content of the constitution, the committee and decision-making processes, the business and strategic plans and recent financial performance of the Charity. During the induction, they meet key members of staff including those who they might provide specific support and mentoring to as well as other trustees. Any training and development needs will be assessed as part of the trustee’s induction process. External training and development opportunities are provided by the Active Partnership Network and trustees are encouraged to take part where it will help them to carry out their role. ## **Organisation** The board of trustees, which can have up to 11 members, administers the charity. The board meets every 3 months. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate the effective running of the charity, the Chief Executive has delegated authority in some areas through a schedule of delegation that is approved by the trustees. This schedule includes finance, employment, communications, programmes, contracts and remuneration. Governance remained strong throughout the period with Trustee Board meetings held in person and online, depending upon the Government guidelines at the time. ## **Risk Management** The board of trustees has a duty to identify and review risks to which the organisation is exposed. These are reviewed regularly at board meetings. The main areas of risk identified are Political, Operational, Financial and Reputational. The trustees have policies, systems and processes in place to mitigate those risks identified. They also implement procedures designed to minimise or manage any potential impact on the charity should those risks arise. - 6 - ENERGISE ME TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ststem•nt of tru8tees' r•sponslbllltS•s The trustees are responsible lor preparing the Trustees, Annu81 Report and the financial statements in accordanc8 Wlth applic8ble law and United Kingdom Accounting Standards Iunited ￿.ngdOrn Generally Accepted Accounting Practice). Thè 18w applicablè lo charllies in England & Wales requires the trustees to prepare financi815tsterThents for each financial year whlch givo 8 truo ènd fair view of the $￿te ol affair8 of the ch8rity and of thtr ino)ming resour¢•$ and application of resourcès ol Ihe charity lor that peno¢J. In pr&parin9 these financial statements, the Iruslees are required lo.. selgct suitable accounting policies and apply them consist&ntly. observe the meth¢)d$ and prin¢ipl?$ in tho charities SORP 2019 IFRS 1021., make judgernenls and 851irnat8S th818re reasonable and prud8nt,' slate whether applicab￿ UK Accountln9 Standards hove been followed, subject to any material departures disclosed and explained in the financial slat&ment5', and prepare the flnancial slat¢m¢nl$ on the going ¢on¢gm ba￿5 unl￿$ it 1$ In8ppfoprlat6 to pr•$um* th91 the Charitable company wlll contlnue in operation. Tho truste66 are r6sponsibl8 fof k$8plno propar 8ccounllng r•cords th41 disclose ￿th re8son•bla •¢curacy at any brne the financial position ol the charity and enable them lo ensure that the financial statemenls comply with the Charitsgs Act 2011, Ihg Charities (Accounts and Reports) Regulations 2008 and Ihe provisions of Ihe trust deed. They are also responsible for 8aleguaTding the 858els ol the charity and h?n¢g for l¥klng r8Ason8ble ¥teps lor the p￿ventIOn and detectlon of fraud gnd olhér irr8gularili88. The Slroleglc Roport, Tru8190$' R•port. Statutory R•port and FinencS81 St8l•ments wer• 8ppToved by the Boafd of Trustees and sign8d on ils behalf by Jgn Monk¢om Ch•Sr of TTU•t••• Dale.. 01. IA.&o ## **ENERGISE ME** ## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ENERGISE ME** ## **Opinion** We have audited the financial statements of Energise Me (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). - In our opinion, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' 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 identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. - 8 - ## **ENERGISE ME** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ENERGISE ME** ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the trustees' report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary 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 trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. - 9 - ## **ENERGISE ME** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ENERGISE ME** ## **Extent to which the audit was considered capable of detecting irregularities, including fraud** Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: - Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; - Reviewing minutes of meetings of those charged with governance; - Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection; - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; - Performing audit work over the risk of management bias and override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - 10 - ## **ENERGISE ME** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ENERGISE ME** ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. **Michael Tizard (Senior Statutory Auditor) for and on behalf of Azets Audit Services** 2 December 2022 **Chartered Accountants Statutory Auditor** Athenia House 10-14 Andover Road Winchester Hampshire United Kingdom SO23 7BS Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. - 11 - ## **ENERGISE ME** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and
legacies
**3**
65,000
1,383,456
Investments
**4**
203
-
Other income
2,320
-
**Total income**
67,523
1,383,456
**Expenditure on:**
Charitable activities
**5**
42,782
1,323,743
Net losses on
investments
**10**
2,937
-
**Net movement in funds**
21,804
59,713
Fund balances at 1 April
2021
1,691,035
636,387
**Fund balances at 31**
**March 2022**
1,712,839
696,100|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
**1,448,456**
76,600
1,203,618
**203**
1,414
-
**2,320**
8,749
-
**1,450,979**
86,763
1,203,618
**1,366,525**
83,726
869,359
**2,937**
-
-
**81,517**
3,037
334,259
**2,327,422**
1,687,998
302,128
**2,408,939**
1,691,035
636,387|**Total**
**2021**
**£**
**1,280,218**
**1,414**
**8,749**| |---|---|---| |Donations and
legacies
**3**
Investments
**4**
Other income
**Total income**
**Expenditure on:**
Charitable activities
**5**
Net losses on
investments
**10**
**Net movement in funds**
Fund balances at 1 April
2021
**Fund balances at 31**
**March 2022**||| |||**1,290,381**| |||**953,085**| |||**-**| |||**337,296**
**1,990,126**| |||**2,327,422**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 12 - ENERGISE ME BALANCE SHEET ASAf31 MARCH 2022 2022 2021 Not•s Fixèd a•s•ts Tangible asseis Investments 11 12 4,640 498,063 8,265 502,703 8.265 Cufr•nl ••••ts Dgbltsrs C8sh 81 b8nk and in hand 14 221.217 1,842,566 3.769 2,414,246 2,083,783 2,418,015 Cr•dltor•: amounti f*llln9 dug wlthln on• y•ar 15 1157.5471 198,8581 cuTr8nt agsets 1,906,236 2,319.157 Totsl ••i•t* l••• curr•nl 15abllbtl•• 2.406,939 2,327,422 InGom• fund• Restricled funds D•slgn818# lunils G8n•r81 unr•8trfctèd fund8 17 18 696,100 636,387 382,51S 1,330,324 423,044 1.267,991 1.712,839 1,691.035 2,408,939 2,327,422 QI.i&.¥C8J Thts financi81 $t81ement& were approved by the Trustees on ......................... Jon Monkcom 13- ## **ENERGISE ME** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**22**
**Investing activities**
Purchase of tangible fixed assets
Purchase of investments
Investment income received
**Net cash used in investing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
**£**
(70,128)
(755)
(501,000)
203
(501,552)
(571,680)
2,414,246
1,842,566|**2021**
**£**
**£**
240,895
(2,334)
-
1,414
(920)
239,975
2,174,271
2,414,246| |---|---|---| - 14 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **Charity information** Energise Me is a Charitable Incorporated Organisation, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees are liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The principal office address is Westgate Chambers, Staple Gardens, Winchester, SO23 8SR. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. During 2022 we were awarded a 5 year grant agreement with Sport England and a 3 year grant agreement with Arts Council England, which provides some financial security for Energise Me through to 2027. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes, these remain part of the unrestricted funds of the charity. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. - 15 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **(Continued)** Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such Income is only deferred when: - The donor specifies that the grant or donation must only be used in the future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grants payable are payments made to third parties in the furtherance of the charitable objectives of Energise Me. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant and have returned a signed grant agreement. The notification gives the recipient a reasonable expectation that they will receive the grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to the grant is outside of the control of the organisation. Provisions for Grants are made when when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers and furniture 33.33% Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. - 16 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **(Continued)** ## **1.8 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. ## _**Basic financial assets**_ Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is establised when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Taxation** The charity is considered to pass the tests set out in Paragraph1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation om respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **1.12 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. - 17 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **(Continued)** ## **1.13 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due and the charity has no legal or constructive obligation to pay further contribtions. Certain members of staff are members of the Hampshire Count Council's Local Government Pension Scheme, a defined benefit pension scheme. It is not possible in the normal course of events to identify the share of individual assets and liabilities belonging to participating employers. Accordingly, due to the nature of the scheme, the accounting charge for the period represents the employer contribution payable based on amounts advised by Hampshire County Council. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
**Grants receivable for**
**core activities**
Sport England
-
1,292,821
Local Authority
65,000
61,000
Other
-
29,635
65,000
1,383,456|**Total** Unrestricted
funds
**2022**
2021
**£**
£
1,292,821
-
126,000
76,600
29,635
-
1,448,456
76,600|Restricted
funds
2021
£
1,145,118
58,500
-
1,203,618|Total
2021
£
1,145,118
135,100
-| |---|---|---|---| ||||1,280,218| ## **4 Investments** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2022**|2021| ||**£**|£| |Interest receivable|203|1,414| - 18 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **5 Charitable activities** |**Charitable**
**Expenditure**
**Charitable**
**Expenditure**
**2022**
**2021**
**£**
**£**
Direct charitable expenditure
138,584
117,474
Grant funding of activities (see note 6)
553,753
227,998
Share of support costs (see note 7)
663,591
600,765
Share of governance costs (see note 7)
10,597
6,848
1,366,525
953,085
**Analysis by fund**
Unrestricted funds
42,782
83,726
Restricted funds
1,323,743
869,359
1,366,525
953,085
**Grants payable**
**Charitable**
**Expenditure**
Charitable
Expenditure
**2022**
2021
**£**
£
Grants to institutions (99 grants):
Park Community School
26,621
-
Springwell School
15,320
-
St George's School
13,216
-
Priory School
11,215
875
Barton Primary School
10,200
-
Southamptons Hospitals Charity
10,000
-
Isle of Wight Youth Trust
10,000
-
Knights Enham School
10,000
-
Catch 22
10,000
-
Active Communities Network
2,225
19,030
BH Live
2,619
10,000
Eastleigh Youth & Community Trust
-
10,000
Other
379,533
145,044
500,949
184,949
Grants to individuals (153 grants)
52,804
43,049
553,753
227,998|**Charitable**
**Expenditure**
**Charitable**
**Expenditure**
**2022**
**2021**
**£**
**£**
Direct charitable expenditure
138,584
117,474
Grant funding of activities (see note 6)
553,753
227,998
Share of support costs (see note 7)
663,591
600,765
Share of governance costs (see note 7)
10,597
6,848
1,366,525
953,085
**Analysis by fund**
Unrestricted funds
42,782
83,726
Restricted funds
1,323,743
869,359
1,366,525
953,085
**Grants payable**
**Charitable**
**Expenditure**
Charitable
Expenditure
**2022**
2021
**£**
£
Grants to institutions (99 grants):
Park Community School
26,621
-
Springwell School
15,320
-
St George's School
13,216
-
Priory School
11,215
875
Barton Primary School
10,200
-
Southamptons Hospitals Charity
10,000
-
Isle of Wight Youth Trust
10,000
-
Knights Enham School
10,000
-
Catch 22
10,000
-
Active Communities Network
2,225
19,030
BH Live
2,619
10,000
Eastleigh Youth & Community Trust
-
10,000
Other
379,533
145,044
500,949
184,949
Grants to individuals (153 grants)
52,804
43,049
553,753
227,998|**Charitable**
**Expenditure**
**Charitable**
**Expenditure**
**2022**
**2021**
**£**
**£**
Direct charitable expenditure
138,584
117,474
Grant funding of activities (see note 6)
553,753
227,998
Share of support costs (see note 7)
663,591
600,765
Share of governance costs (see note 7)
10,597
6,848
1,366,525
953,085
**Analysis by fund**
Unrestricted funds
42,782
83,726
Restricted funds
1,323,743
869,359
1,366,525
953,085
**Grants payable**
**Charitable**
**Expenditure**
Charitable
Expenditure
**2022**
2021
**£**
£
Grants to institutions (99 grants):
Park Community School
26,621
-
Springwell School
15,320
-
St George's School
13,216
-
Priory School
11,215
875
Barton Primary School
10,200
-
Southamptons Hospitals Charity
10,000
-
Isle of Wight Youth Trust
10,000
-
Knights Enham School
10,000
-
Catch 22
10,000
-
Active Communities Network
2,225
19,030
BH Live
2,619
10,000
Eastleigh Youth & Community Trust
-
10,000
Other
379,533
145,044
500,949
184,949
Grants to individuals (153 grants)
52,804
43,049
553,753
227,998| |---|---|---| ||**2022**
**£**
26,621
15,320
13,216
11,215
10,200
10,000
10,000
10,000
10,000
2,225
2,619
-
379,533
500,949
52,804
553,753|2021
£
-
-
-
875
-
-
-
-
-
19,030
10,000
10,000
145,044| |||184,949
43,049| |||227,998| ## **6 Grants payable** A full list of grants to institutions have been included as an appendix to the accounts. - 19 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **7 Support costs** |Staff costs
Depreciation
Advertising
Bank charges
Computer running costs
Travel and subsistence
Rent and rates
Printing, postage and
stationary
Office managment
Insurance
Staff training and
recruitment
Subsciptions
Audit fees
Payroll & accountancy
fees
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
577,279
-
4,380
-
5,279
-
948
-
12,413
-
5,886
-
32,400
-
2,204
-
6,113
-
4,923
-
6,556
-
5,210
-
-
6,300
-
4,297
663,591
10,597
663,591
10,597|**2022**
**£**
577,279
4,380
5,279
948
12,413
5,886
32,400
2,204
6,113
4,923
6,556
5,210
6,300
4,297
674,188
674,188|Support
costs
Governance
costs
£
£
520,066
-
3,683
-
12,557
-
686
-
13,045
-
348
-
32,400
-
2,123
-
5,463
-
3,725
-
1,314
-
5,355
-
-
6,000
-
848
600,765
6,848
600,765
6,848|2021
£
520,066
3,683
12,557
686
13,045
348
32,400
2,123
5,463
3,725
1,314
5,355
6,000
848| |---|---|---|---|---| |||||607,613| |||||607,613| Governance costs includes payments to the auditors of £6,300 (2021- £6,000) for audit fees. ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **9 Employees** The average monthly number of employees during the year was: |**2022**|**2021**| |---|---| |**Number**|**Number**| |17|15| - 20 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**9**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**(Continued)**
**2022**
**2021**
**£**
**£**
511,176
456,573
45,503
50,078
20,600
13,415
577,279
520,066|**(Continued)**
**2022**
**2021**
**£**
**£**
511,176
456,573
45,503
50,078
20,600
13,415
577,279
520,066| |---|---|---| |||520,066| Energise Me operates two pension schemes. As at 31 March 2022 5 employees (2021 - 5), who were transferred under TUPE conditions, participate in the Hampshire Local Government Pension Scheme. 12 employees (2021 - 12) participate in the Defined Contribution Pension Scheme managed by the Creative Pension Trust. Under the terms of the commercial transfer agreement signed in October 2016, Hampshire County Council acts as guarantor to Energise Me's liability to the Local Government Pension Scheme for staff who were transferred under TUPE conditions. This is set out within the comercial transfer agreement. Total employee benefits, including employer pension contributions and national insurance, of the key management personnel of the charity were £331,114 (2021 - £327,968). The number of employees whose annual remuneration was more than £60,000 is as follows: |The number of employees whose annual remuneration was more than
£60,000 is as follows:|| |---|---| |**2022**
**Number**
£60,001 to £70,000
1
**10**
**Net gains/(losses) on investments**
**Unrestricted**
**funds**
**2022**
**£**
Revaluation of investments
(2,937)|**2021**
**Number**
1| ||Total
2021
£
-| - 21 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **11 Tangible fixed assets** |**11**|**Tangible fixed assets**||| |---|---|---|---| |||**Computers and furniture**|| ||||**£**| ||**Cost**||| ||At 1 April 2021||38,661| ||Additions||755| ||Disposals||(15,094)| ||At 31 March 2022||24,322| ||**Depreciation and impairment**||| ||At 1 April 2021||30,396| ||Depreciation charged in the year||4,380| ||Eliminated in respect of disposals||(15,094)| ||At 31 March 2022||19,682| ||**Carrying amount**||| ||At 31 March 2022||4,640| ||At 31 March 2021||8,265| |**12**|**Fixed asset investments**||| ||||**Listed**| ||||**investments**| ||||**£**| ||**Cost or valuation**||| ||At 1 April 2021||-| ||Additions||501,000| ||Valuation changes||(2,937)| ||At 31 March 2022||498,063| ||**Carrying amount**||| ||At 31 March 2022||498,063| ||At 31 March 2021||-| |**13**|**Financial instruments**|**2022**|**2021**| |||**£**|**£**| ||**Carrying amount of financial assets**||| ||Instruments measured at fair value through profit or loss|498,063|-| - 22 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**15**
**Creditors: amounts falling due within one year**
**Notes**
Deferred income
**16**
Trade creditors
Accruals
Included with accruals above are grants payable of £80,732 (2021 - £24,739).|**2022**
**£**
4,503
216,714
221,217
**2022**
**£**
-
33,444
124,103
157,547|**2021**
**£**
2,100
1,669| |---|---|---| |||3,769| |||**2021**
**£**
7,650
29,755
61,453| |||98,858| |||| |||| ## **16 Deferred income** Deferred income is included in the financial statements as follows: |Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2021
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2022|**2022**
**£**
-
7,650
(7,650)
-
-|**2021**
**£**
7,650| |---|---|---| |||65,190
(65,190)
7,650| |||7,650| - 23 - |**Restricted funds**|The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Balance at**
**Incoming**
**Resources**
**Balance at**|**1 April 2020**
**resources**
**expended**
**1 April 2021**
**resources**
**expended**
**31 March 2022**|**£**
**£**
**£**
**£**
**£**
**£**
**£**|**Sport England funds**|DfE Volunteering
1,889
16,283
(6,400)
**11,772**
-
(4,913)
**6,859**|School Games
48,749
45,000
(21,987)
**71,762**
45,000
(43,901)
**72,861**|Commonwealth Games Legacy
-
-
-
**-**
56,500
(45,000)
**11,500**|Social Prescribing
-
11,050
(11,050)
**-**
41,957
(41,957)
**-**|Satellite Clubs
118,643
297,976
(138,959)
**277,660**
189,914
(282,392)
**185,182**|Tackling Inequalities
-
260,000
(150,000)
**110,000**
216,714
(91,278)
**235,436**|Primary School Funding
34,763
68,777
(68,777)
**34,763**
68,777
(64,598)
**38,942**|Opening Schools Facility
-
-
-
**-**
252,905
(252,905)
**-**|Core Services
-
370,282
(370,282)
**-**
370,282
(370,282)
**-**|Coaching Workforce / Innovation
42,244
55,950
(40,093)
**58,101**
50,608
(51,632)
**57,077**|Active Lives
6,356
19,800
(15,748)
**10,408**
19,800
(19,823)
**10,385**|**Total Sport England funds**
252,644
1,145,118
(823,296)
**574,466**
1,312,457
(1,268,681)
**618,242**|**Local Authority funds**|Talented Athlete Scheme
44,739
46,000
(41,331)
**49,408**
40,000
(48,259)
**41,149**|Coaches, Officials & Volunteers
4,745
12,500
(4,732)
**12,513**
21,000
(6,804)
**26,709**|The Agency
-
-
-
**-**
10,000
-
**10,000**|**Total Local Authority funds**
49,484
58,500
(46,063)
**61,921**
71,000
(55,063)
**77,858**|**Total restricted funds**
302,128
1,203,618
(869,359)
**636,387**
1,383,457
(1,323,744)
**696,100**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**17**||||||||||||||||||||||||| ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **18 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: |Designated
funds|**Balance at**
**1 April 2020**
**£**
482,156
482,156|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
2,100
(61,212)
2,100
(61,212)|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
2,100
(61,212)
2,100
(61,212)|**Balance at**
**1 April 2021**
**£**
**423,044**
**423,044**|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**31**
**£**
**£**
1,000
(41,529)
1,000
(41,529)|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**31**
**£**
**£**
1,000
(41,529)
1,000
(41,529)|**Balance at**
**March 2022**
**£**
**382,515**| |---|---|---|---|---|---|---|---| ||||||||**382,515**| ||||||||| |In January 2019 trustees committed £500,000 of unrestricted reserves over 3 years to address inactivity
amongst children and young people, women and girls, people with long term health conditions and 5
localities with the highest levels of inactivity. This amount is shown as a designated reserve in the financial
statements.|||||||| |**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31
March 2022 are
represented by:
Tangible assets
-
4,640
Investments
498,063
-
Current assets/
(liabilities)
1,214,776
691,460
1,712,839
696,100|||**Total** Unrestricted
funds
**2022**
2021
**£**
£
4,640
-
498,063
-
1,906,236
1,691,035
2,408,939
1,691,035|||Restricted
funds
2021
£
8,265
-
628,122
636,387|Total
2021
£
8,265
-
2,319,157| ||||||||2,327,422| In January 2019 trustees committed £500,000 of unrestricted reserves over 3 years to address inactivity amongst children and young people, women and girls, people with long term health conditions and 5 localities with the highest levels of inactivity. This amount is shown as a designated reserve in the financial statements. ## **19 Analysis of net assets between funds** ## **20 Operating lease commitments** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years|**2022**
**£**
32,400
21,600
54,000|**2021**
**£**
32,400
54,000| |---|---|---| |||86,400| - 25 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **21 Related party transactions** There were no disclosable related party transactions during the year (2021 - none). |**22**
**Cash generated from operations**
**2022**
**£**
Surplus for the year
81,517
Adjustments for:
Investment income recognised in statement of financial activities
(203)
Fair value gains and losses on investments
2,937
Depreciation and impairment of tangible fixed assets
4,380
Movements in working capital:
(Increase) in debtors
(217,448)
Increase/(decrease) in creditors
66,339
(Decrease) in deferred income
(7,650)
**Cash (absorbed by)/generated from operations**
(70,128)
**23**
**Analysis of changes in net funds**
The charity had no debt during the year.|**22**
**Cash generated from operations**
**2022**
**£**
Surplus for the year
81,517
Adjustments for:
Investment income recognised in statement of financial activities
(203)
Fair value gains and losses on investments
2,937
Depreciation and impairment of tangible fixed assets
4,380
Movements in working capital:
(Increase) in debtors
(217,448)
Increase/(decrease) in creditors
66,339
(Decrease) in deferred income
(7,650)
**Cash (absorbed by)/generated from operations**
(70,128)
**23**
**Analysis of changes in net funds**
The charity had no debt during the year.|**2021**
**£**
337,296
(1,414)
-
3,683
(455)
(40,675)
(57,540)
240,895| |---|---|---| |||| - 26 - **Appendix - Grants payable** ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Park Community School|26,621|| |Springwell School|15,320|| |St George's School|13,216|| |Priory School|11,215|875| |Barton Primary School|10,200|| |Southamptons Hospitals Charity|10,000|| |Isle of Wight Youth Trust|10,000|| |Knights Enham School|10,000|| |Catch 22|10,000|| |Saints Foundation|9,922|| |Swim The Wight|9,920|| |Tower House Horses|9,860|| |Portsmouth City of Sanctuary|9,656|| |Noadswood School|9,656|| |Community Action IOW|9,560|| |Mary Rose Academy|9,500|| |Active Nation|9,100|| |Ryde Academy|9,000|| |The Friday Night Charity|8,625|| |Cranbourne School|8,600|| |Portsmouth City Council|8,554|| |Fairisle Junior School|8,300|| |Mason Moor Primary School|8,300|| |Winchester Youth Counselling|8,096|| |Bitterne Park School|7,550|| |Vyne School|6,847|| |Weston Park School|6,460|| |Testwood School|6,370|| |Brune Park School|6,300|| |Cottage Grove School|6,000|| |Applemore College|6,000|| |Isle of Wight School Games Organiser|6,000|| |Southampton School Games Organiser|6,000|| |Breathe Easy IOW|5,904|2,625| |Regents Park School|5,850|| |Hope School|5,500|| |Stepping Stones|5,479|3,360| |Admiral Lord Nelson School|5,000|| |St Marks School|5,000|| |Ringwood Bowling Club|5,000|| |Spirit in Sport|4,680|| |Scarf|4,366|| |Nine Acres Primary School|4,288|| |Community First|4,250|8,430| |Sandown and Lake Youth Project|4,240|| |Redbridge Primary School|4,000|| |Meon Junior School|3,680|| |New Horizon School|3,680|| |Willow Aerial Fitness|3,595|| |Vision 4 Youth|3,560|| |The United Voice of African Association|3,500|| |Yellow Brick Road Projects|3,490|4,359| |YMCA|3,402|| |Medina Primary School|3,345|| |Mountbatten School|3,250|| |Barton Peveril|3,240|| |Helping Hooves|3,214|| |Havant and Waterlooville School Games Organiser|3,000|| |Mayflower Theatre Trust|3,000|| |Fareham School Games Organiser|3,000|| |North Eastleigh and Winchester School Games Organiser|3,000|| |The Lords Taverners|3,000|| |New Forest School Games Organiser
Basingstoke School Games Organiser
Portsmouth School Games Organiser
Weeke Primary School
East Hant School Games Organiser
Gosport School Games Organiser
Test Valley School Games Organiser
South Eastleigh and Winchester School Games Organiser
North East Hants School Games Organiser
Perins School
Hampshire Cricket Board
Winchester Street Reach
Chamberlayne School
BH Live
The Bay CofE School
Samuel Cody School
Greenmount Primary School
Hart Plain School
Active Communities Network
Parkinson's UK
Oasis Academy
Trafalgar School
Petersfield School
Parity for Disability
Copnor School
Places Leisure Andover
St Pauls Primary School
Swanmore School
Hampshire Cultural Trust
Springwood Community Partnership
Brighton Hill Community School
Solent University
Meon Infant School
Southsea Infant School
Holme CofE Primary School
St John's CofE Primary School
Arundel Court Primary Academy
Unspent previous awards
Eastleigh Youth & Community Trust
Rushmoor Voluntary Services
Enham Trust
The YOU Trust
Winchester Go LD
Growing Places
Move Momentum
FolkActive CIC
One Community
Home-Start Hampshire
MHA Conanunities
Motiv8 South Ltd
Breakout Youth
The Handy Trust
Basingstoke & District Disability Forum
ThickSkin Theatre
City Central Youth FC
Oarsome Chance
Crestwood Community School
Testlands Support Project
Richard Taunton Sixth Form College
Solent Youth Action
Winchester & District Young Carers
Netley Royais FC
Clanfield Bowls & Sports Club
Hedge End Town Council
Other grants|**2022**
**£**
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,980
2,768
2,736
2,623
2,619
2,610
2,575
2,448
2,370
2,225
2,015
2,000
1,900
1,850
1,700
1,675
1,605
1,500
1,480
1,148
1,140
1,000
1,000
880
828
752
650
580
(2,969)
500,949|**2021**
**£**
10,000
19,030
1,950
1,800
10,000
9,310
8,750
8,700
8,420
8,098
7,465
7,113
6,772
6,012
6,000
4,122
4,000
3,866
3,750
3,452
3,110
2,851
2,550
2,500
2,440
1,892
1,807
1,800
1,620
1,120
5,000
184,949| |---|---|---|