REGISTERED COhlPANY NUMBEL. CE(K16121 (￿g￿nd and Wol•$) REGISTERID CHARITY NUMBER: 1166348 Rewl ol th• and lknaudltsd Flnanelal Stalements for th• Yety Ended 31 D•c•mb•r2023 lor Squa$h Squaved Brewers Chc¥lered Accountants Bcwme Hovse Queen Street Gcffi5holl Swrey GU5 PLY Squash Sqwr•d Contents ofth• finonelol Stolernents lor the Year Ended 31 Decemb•r 2023 Pag• R•fu•nc• and Admln151rthe Detafd Indep•nd•nt Examhmrfs Report Slahm•nl ol FInI￿clo1 Aclvll 8alance Sheel Notes h Ihe finan¢lul Sfrllements Squash Sqvfxed R•f•Mnce und Admlnlstrw being impl&monted. The difference i4 now being wed lo increase the number of 5ehoots that the chanly woFk5 With ond lo be ab￿ lo support more chldren. ond we expect o much lower overoll expense bose on a per school bosls ond rn¢xe lundrolsing opportuntlie5 in 2024. Page 2 Sqvash Squored R•portof1h• Twstees for Ihe Y•ar End•d Jl D•¢eml)er20Z1 STrUCTURE. GOVERNANCE AND MANAGEMENT GoverFln9 document The chority is controlled by ils goveming document, a deed ol Iwsl. and corslitutes a fimiled eompony. ￿Mited by guarantee. os defined by IF￿ Companies Act 3))6. R15k manag•m•nl Th8 Trustg8s trnve reviewed the rn0j￿ risks to which the chorlfy Is expo$6d to including CoYKI-19 and have taken steps lo mitigate the potent￿1 impact ol those rfsk5. CHAIRMAN'5 REPORT 20?3 brought excelknt ￿a￿￿J1 hoollh ond 51obirty to SqLrtish 5quored. Continued contributions from ￿ key stakehokler5, fv40 porlicthty wccessful fundroi%ing events and prudent firKncioI rrKJnagement hove all benefitted the charpty enormovsty. The Ch￿ wos thereli)re well FAaced lo expand its wogrammes and gxlend Its services. A voluobb new p¢YIn￿Shlp with o thding independent School was establ￿￿d lacilitaling access to many new primary scho￿$ In the Croy(lon area resuthng Sn new progromme bunches bel￿ schedubd Icf ealty 2(r24. tn thè kylgr port ol the year the boor¢J welcomed Iwo new tnjstees. ￿1 Savlle wll serye as Choirmon ond Poul Thomas wil monoge the educatio￿1 ejements of Squash Squorèd. Challenges how¢vsr were encountered dvrfng the y&(r. Plons to ￿gnrf￿￿nttY expand were mel wth head￿Nds. St¢Jff shortages at schools resultèd in fewer parlnershlw lomed than was hoped. LookTna aheod the charitys wjgrammes should evolve il we are lo bU￿d on Ihe SucCe￿e$ aCh￿v8￿ to dote. grow ond Ixtter 5eNe ow bener￿larieS. New inltiatives around the wogromme's educolfonol element will be Hilroduced and colloborotions with other c¥ganTzallons deepened to dlow us lo ovr reach and effecliveness. In summory, XI23 Itansp¥ed to be o pcitukJty 5ucces5fvl monlh5 in au re5pect5. My than￿ go lo usii ofr•p¢xt As the tAJstee5 of the chC￿ty you are I￿ponSIble for the preFK¥ation ol Ihe finonaol statements in accc(dance ￿th Ihg reqU1￿ments ol the ChcwrlEs Act 20T I I'the ACYI. I report ￿ r￿pect of my exorrlnation ol the choity's financial 5trotements carried out under section 145 01 the Act ond in Co￿1n9 OLrt my examlnatbn I hove fdkJ¥ed all the oppNcobè Dkecfions given by the Chority commi￿on und*rsecthon 14515llbl of the Act. An independent exomlnotbn does invO￿e gathering oll the eviderte that WOLAd be requ￿ed in an audit and consequentw does not cover all the matters that an auditor conslders In giving their opinion on the finaKial slalemenls. The FAanning and coThJucl of on oudt 908s beyond the limlted osswonce that on Independent examincrtv)n can ryOVKle. Con5equenlly l exwess no oplnion tss lo whether the finonciol slotements present o 'true ond fairf wew ond my report is ￿￿￿ted lo those Specif￿ matter5 Set out in the indepencjent examinerfs stolement. IndepeThlenl eXaTh￿n•￿$ sl molerial mollers have com¢ to my attention connection wlth the examtiialion g￿l)g me cov5e to bdieve thot In ony moterfal re5pecl= ' occounling recucts were not kept In ￿Spect of the chanty as requied by SeCt￿n 130 of the Act,. or . the finonciol staternen15 do not accord wth fhose records., or • ts ffnoncial slalemenls do not Gomply wryth the apFAicabb ￿q￿teMentS concerning the lomi ond conlanl ol occounts sel Out In the Chorilies (Accounts ond Report51 Regulatio￿ 21X>8 oth8r thon any rgquiremenl thol the accounts give a 'fvue and fo￿ view which ￿ not o Matt￿ eonsthred as FMJrt ol an independenl examiThJlion. I hove no Concen￿ oné hove come a(Th no other motters In connection wlh the exomination to wh￿￿ attention should be drawn in INS ￿pOrt in ord8T to enable a prop￿ understonding of Ihe financial stotemernts to be reached. An(*ew Sknlli)n ACA 8rewers Chorteted Accountants 8oume House Queèn Street Gomsha SLMrey GU59LY Dote.. Poge 4 Squash Squryed stot•m•nt of Rnunclal Acl¥lll•s for Ihe Yery Ended 31 D•t•mber 2023 31.1223 Total lunds 31.12.22 Total funds Unreslrfcled fund Reslrrled fund Nol8S INCQME AND ENDOWMENTS FROM Donotions and legacies 25.959 2S.959 165,705 other tradng activities Invèstment incor 4.128 Total 31.129 31.129 166,233 EXPENDITURE ON Roi*ng fvrKts 3.562 Funa roiyng 45.405 32,283 48.536 NEf INCOMV(EXPENDmJRE) (17Ar) (17.407) 130,388 ECONCILIATION OF FUNDS Total funds brought lorword 203,3e3 203.38J 72.99S TOIAi FUNDS CARklED R)RWARD 185.*70 115.970 203,383 no1￿ form of these finoncial ￿ateMents Poge 5 Squosh Swry•d Ba￿￿¢• Sh••t JI De¢embff 2023 37.1223 31.12.22 Totel fijnds Unrestiicted Rostficted luTh fvnds Notes CURRENT ASSEYS Debto Cash ot bank 188.244 188244 205.159 188,244 108.244 205.663 CREDI￿R5 Amoun15 fallng dve ￿th￿n one yeor (2268) (2268) 12.2801 NETCURIENT ASSEIS 185.976 185.976 YOTAL ASSETS LE55 CURREln UABiullES 785.974 185,976 NEIASSErs 185,971 185.976 203,383 FUNDS Urneslricted fvnd5 185,974 203.383 TOTAL FIJNDS 185,976 3.383 The ch(nltr¢lJe ¢omt)ony 15 enlthed lo exampl￿ from gudit under Seclbn 477 01 the compan￿ Act for the yeor ended 31 Decemb8rX)23. The members have not requirod ts company to obl¢in on audit ol ils finonciol stolements fcf the year en¢Jed 31 December in occcydance wlh Seclk)n 476 01 the Comporves Act 2006. tnJslees ocknowkdge Iheir resports11￿111￿s lor ensurin9 that the ch¢jrfIab￿ company keeps accovnliro reccrfds thal comFty ¥wlh Seclk)ns 386 ond 387 of Ihe Componies Act 2C¥)6 ond Preparfng flnanclol slolemenls which &iv8 a true orKI fair view ol the State of off01￿ of the chjritab company as ul the end of each financhjl y6tsr ond ol it5 suryjus or deficit lu each finoncicjl year in occordonce wth the requirements of SectK)ns 394 and 395 and wh￿h othe￿9 comply with the requirement5 01 lh8 Componie5 Act 2(X)O rel¢)rfrvJ to finonciol statements, 50 far a5 oppltabÈ to the ch<￿tab￿ company. lal Ibl 7hese finoncial staterrent5 ￿e b8en prepored kn occordance with the F￿v￿lon5 ath￿Qb1e to charitable compon subject lo th• small ¢omponie5 fegime. atements were approved by the 60￿d of Ttustees ond aulhorbed fcy ￿sue on . and were $I￿ed on Its bgholl by.. LILJLE Twslee The notes lom F)art ef these financiol statements P¢Jgg 6 Squash Squared Nohs toth• Fb￿n¢la1 Stalements lor Ihe YKr End•d 31 DKemlxr 2023 ACCOUNIING POLICIES Basts ofFYep(vln9 lh• flnanclal sl(tsrnents The financial stotements of the choritab￿ company, wh￿h is o publlc bengfit entity under FRS I￿2, hove been prepared in accordance ￿th the Charlties 50RP IFR5 1021 'Accounting and R8poiting by Chorilies: Slotement of ReC0rM￿ndod Procl¢e opthicable lo chatilies preporing thelr accounts in acc(xdance with the Finonciol Reporling Slondard opp1k0￿• in the UK and Repjts￿C ol Ireknnd IFRS 102116118clive l Janvory 20191,, ￿nancIal Reporting Standard I￿2 The ￿nancIal R8porling Stondord Opp￿CObre in the UK and Ropvblic of Irebnd. and tt)e Companies Act 2C06. The frnncial slalements have been wepared under the hiS￿e01 cost Convention. Going Concem The trusl685 b85gve there are sufficwl reserves in Ihe chC￿tY to contlnue lor the foreseeab￿ fulurg. For thi5 reason. the financial ￿atements have been weporèd on a gor￿ con￿rn basb. Income Al hcomg is recogrked h the Slotemgnf of linanchil Actlvltles once Ihe charify has entimement to the lund5, 11 i% prObat￿e ItrKJt the Inco￿ be reC￿Ved and the omounl can be m6asured ref￿bly. LKJEMlitie5 are reCOgn￿ed as expenditwe 05 soon as there S 0 18gal or constnJcrfve o￿lgatiOn committ￿g the chority to that expendilure. il ￿ probobJ8 Ihal a Iransler of ￿onOMiC benefits wil be required in settbment and the (vnovnt of the obligation can be meuswed rdhibly. Experérlwe counled lor on an accwals ba￿5 ond hcts bew clos&r￿ under heaclngs thot oggregale ull cost re￿Ied to tpt cote9)ry. Where cost5 cannot be directty oltribut8d to portrukjr heodlngs thoy hove been dlocaled to odNili95 on o basis CO￿151ent ￿th the Use of resources. Taxullon The chority ￿ exempl from corporotfjn tax on its charitable activilies. Fund accounllng UN￿InC1ed funds can be used in accordance wtlh the choritoble objecliv•s al Ih8 discretion of the tru5te*. Reslricted funds eon onty be used particukT restricted purpos* wthin the objects ol the Charity. Reslrict*)ns c*ise when specifred by the donor or when LJnd5 are rotsed for pcrlicvknr restrictad purFx)w5. FLKlhgr explanafK)n of the nature and ol eoch knnd is included in the notes lo the financial stat8ments. pwchase and l•0skn9 cornmllments Rentats rK*I under operoting leases are chorgod to the 51otemenl ol ￿na￿l(lI ACt￿ltIeS on a sfraight rine b0515 over the period ol Ihe kn58. P¢nth costs