REGISTERED COMPANY NUMBER- CE)&721 (Englaftd and Wales) REGISTERED CHARITY NUMBER: 1166348 Report of lh• Truslees and Unaudlled Flnanclal Slolemenls lor the Yeor Ended 31 December 2025 Squash Squared
Squash Squored Contents of the FIDunclol Stal•ments for the Yeor Ended 310ecember 2025 Page Reference and Admlrtlstralfv• D•talls Reptsrt of the Truslèès Independent Examlnerfs Report stalement of FIrn¢01 Adtv611es Balance Shèèt Notes lo Ihe Finonclol StalemÈnti 7 10 1 I
Squash Squaied Relerence and Admln15frolpi• Delalb lor the Yeai Ended 31 December 2025 REGISTERED OFFICE 13 Cornwall Road Svllon SM2 6DU REGSSTERED COMPANY NUMBER CE(KJ6121 (England and Walesl REGISTERED CHARITY NUMBtR 1166348 INDEPENDENT EXAMINER Rlchard J Worker Page I
Squash Squared Report of th• Trustees lor the Ye¢r Ended 310ecembei 2025 Trvstees that served during Ihe year c¥e C follows: Doryl Selby Jusline Ch8ry-Mocklin - Mcxk Ridler - Poul Thomos Williom Saville The Trustees ore kepl informed of the activities and perfcm)ance of the charitable orgonisalion and provided with regulor monogemenl information. The composition ol the Boord ol Trustees is kept under review ond oddilionol appoinlmenls wlll b& mode should the n&ed arise. All Trustee5 hove been made aware of their responsibli ities. OBJECTIVES AND ACTIVITIES Objècllves and alms The charity wos established as a Charitable IncorpcKoled Orgonisotion ICIOI ond ils act[ltieS ore regulated by rls constitution. The objects ol the chorily e to act Q5 On exlro<urricular resource for young people of school age liv*ig in London by yoviding odvice, os%slonce ond thè orgonisalion of physicol. educalK)nol and other aclwities The chorily aims lo provide o mèans ol ocfvancing in life by helping young people to develop the skills. copociliès oncl copotyililies which will &noble thèm lo pcyticipote in society a5 independent molure ond re5pon5ible indNiducJls. Slgniif¢onl actlv5tles Squ05h Squared provides weekly extrocurriculcx tutoring comblned with squash lesscns to disodvonlaged children prirnorily from the Merton and Wondsworth oreas. 11 olso provides Squash Camp5 dvring thè school breaks in order lo keep the children aclwe during periods where they might otharwise be sedentary. Publlc benefit The Trustéés have considered the guidonce provided by the Chorily Commission iegoiding public benefit and the work of the charity. FINANCIAL RPrfIEW Flnanclal revlew Revenve lolalled £71.8k in 2025. The chorily was able lo hold Charitable fundroi5ing ond other events again 25, which roised materials sums. 5qvosh Squared's c051 of soles (direct costs ol running the progrum, m051 notably COLrt lees. coachinglleaching costs ond loodl deciea5ed lo £12.4k in 2025 compored lo £16.6k in 2024. Opeioling cosls decreased lo £31k in 2025, compared lo £43k in 2024. These figures hové now reache o steady stale. G(ing forward. we conlir)ue lo capltolise on Ihe effcyl to bring down expense5 via more sUPPOrt from Clubs and Schools. ond we hope lo see further tongible benefits in 2025 from these efforts given whol is Fyojecled lo be a lull-yeor nJnning of the program. e Trv51e&s hold odequale r85arves to meet e1ve months of the Charitys operaling costs. currently al k in a nomoli5ed environment. ReseNes polky Cash on hond / reserves as at 3151 December 2025 tolalled £228k. up from £191 k ot yeorend 2024. Page 2
Squash Sqvar•d Report of the Trustees foi Ihe Year ErKled 31 Docembèr 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•mlng docum•nl The chuity is controlled by ils goveming document. a deed of trust. ond constitutes o limrfed company, limited by guarantee. os defined by the Componies Act 2006. Rlsk monogement The fru51ees hove revEwed the mojor risks to whh the chority is exposed and h(Jve taken steps lo miligale the potential impoct of these risks. CHAIRMAN'5 REPORT A signiliconl increose in income coupled wilh a noloble reduction in expenditure and costs mode 2025 a gainful year. The onnuol Souosh Squored Cup surpos5ed its fundroising targèt and was further boosted by severol seporole and very generous donolions. The number of applications lo trusts ond foundations was reduced and a more torgÈted and successful opprooch adopted. A shortage ol leoching gtaff within schools hod been onè of our key challenges. This limited OUT Qtilily lo expand the programme into the club setting as schools were ollen unoble lo releose 51011 lo escort pupils lo ond from locol clubs. Rolher than allowing this lo restrict our teach. we odapled our delivery model. By upskilling our coaching teom, we enabled them to deliver engaging, high-qvolily sessions on school premises. This innovation not only removed o significant barrier but olso increased our portnerships with schools ond strengthened links with local councils. I would like lo thank our cooches. volunteers ond fellow Iruslees for their continved commitment lo Squash Squared. Their declicotlon ond crealivily h(Jd been instrumental in ernuring that our charity continues lo provide sole. incKisive. ond inspiring environmen15 lor young peopl& ID develop bolh sporting and life skills. Squosh Sqvored is well po51t1(ed lor the year aheod ond will remain focused on sustoinable growlh and degpening cxyr impact. This report hos been prepcyed in accordance with the specicjl provisions ol Part 15 of the Componies Act 2W6 relaling 10 Small componies. Approved L>y order ol the boord ol Iruslees on . and signed on ils behalf by.. Trustee Poge 3
Independent Exarnlnerfs Report lo the Trusl•es ol Squush Sqvgred I report to the trustees on my examination of the financial statements ol Squash Squored I'ths charily'l for the year ended 31 December 2025 which comprise the Slolemenl ol Finonciol Activities, the Bolance Sheet and related noles. Thi% report Is mocje solely lo the charity's trustees. as a body, in accordance with section 145 of the Choritl8S Act 2011. My work hos been undertaken so thol I might stale to Ihe charity's Iiuslees Ihose mallers l a reqLNred lo slate to them in this report and for no other purpose. To the fvllesl exler)I petmitled by law. I do not occept or assume responsibility lo anyone other than the chorily and the chority's Iruslees 0$ o body. for my work. for this report. or for the opinion5 1 hove fwned. Responsiblltties ond bas15 01 report As the trustees ot the charity you ore responsible for the preporation ol the finoncial stolemenls in accordance wilh the requrement5 of the Charities Act 2011 |'th8 Acl'l. I report in respect of my examination of the charity's finonciol slolemenls carried out Lsnder section 145 of the Act and in carrying oul my examination I hove followed all the opplicoble DirectK)ns given by the Chority ComMissn under section 14515llbl ol the Act. An independenl exominalion does not involve golhering all the evidence Ihal would be requred in an oudil ond conseqvenlly cloes not cover all the mottèrs that an auditor considers in giving Iheir opini)n on the linanciol stalemenls. The plonning and conduct ol on oudil goes beyond Ihe limited a55uionce thol an independent examinolion can provide. Consequently l express no opinion 0$ lo whether the ffnanciol Stolemen15 pre58nt o 'lrue and fairf view ond my report is limited to those specific motlers sel out in the independent examinerfs dolemenl. Indepnd•nl examlnerfs statemenl I hove compleled my exominolion. I confirm that no molerial motter5 have come lo my attention in connection wllh the exominotion giving m& cause lo believe Ihol in any maleriol respecl: accounting records were nol kept in respect ot the charity as requiied by section 130 of the Acl; or Ihe financial Statements do not accord with Ih05e records- or the linoncial slalements do not comply with the oppllcoble requirements conceming the fom ond content of occounts sel out in the Choriliss (Accounts and Reports) Regukjtions 2(X)8 other than any requirement that the accovnts grie a 'e and fair view whh 15 nol o motter considered 0$ port ol an independent examination. I have no conc&ms ond have come QCT05S rio other molters in connection wilh the exominotion to which ollenlion shoLAd be dr(Nn in this report in order to enoble o proper understanding ol the finonciol statement5 to be reoched. Richard J Worker 8 Reynold5 Rood Beoconslield HP9 2NJ Poge 4
Squash Squared statement of f inanclal Act5vlHes for Ihe Year Ended 31 December 2025 31.12.21Y25 Total Ivnds 31.12.2024 Totol fund5 Unreslricled fund Rèstricted fund Notes INCOME AND DOwmENTS FROM Donations and Wocies 44.982 64.?82 52,157 Oltrer troding octiviligs Investment income 1.000 5,825 1.000 S.825 2.918 2.472 Total 71,807 71.807 57,547 EXPENDITURE ON Raising funds 3.190 3.190 1,877 Chatha0 ocllvlHes Fund roising 40,331 40.331 50,459 Total 43,521 S3.521 52,336 NET INCOME/(EXPENDITVRE) 28.286 28.284 5,211 RECONCILIAlloN OF FUNDS Total fLnds brought f(xword 182,664 8.631 191.2P5 186.084 IOTAL FUNDS CARRIED FORWARD 210.950 8.631 219,581 191.295 The nolas form port of these Ilnancial slolements Poge S
Squosh SqLKwed Bulonce Sheet 31 December 2025 31.12.2025 Total Ivnds 31.12.2024 Tolol funds Unreslricled fund Restricled Fund No*e5 CURRENT ASSEtS Debtors Cosh ot bonk 219.581 219,591 191,295 219.581 219,591 191,295 CREDITORS Amounts talling due within one yeor 8,631 8.631 8.631 NET CURRENT ASSETS 209,?50 210,950 191.295 TOTAL ASSEfs LESS CURRENT LIABILITIES 209,950 210,950 191.295 NEf ASSETS 20P,950 210.950 191.295 FUMDS UNestricled funds 8.631 TOTAL FUMDS 219.581 191,295 The choriloble company is entitled to exemption from oudil under Section 477 01 the Companies Act 2006 for the year ended 31 December S)25. The membets hove not required the compony to obtain an audit ol its ffnonciol slalements lor Ihe year ended 31 December 2025 in occordonce with Section 476 of Ihe Companies Acl 2W6. The Iru51ees (knOwledge Ihair responsibilities for ensuring Ihol the choritoble company keep5 accounling records that comply wilh Seclions 386 and 387 01 tha Companie5 Act ond preporing financial slalement5 which give o true and fair view of the stole of offair5 01 the choriloble company 0$ ol Ihe end ol eoch linanciol yeor and of ils Surplus or deficil for each financial yeor in accordance with the requirements of Section5 394 ond 395 and which othèrwise comply with the requirement5 of the Componies Act 2006 reloting to financkjl Statements, $0 for as applicoble lo the choriloble company. These financiol stotemenls have been prepared in occordance with the provisions appficable to choiitoble companies subject lo lh8 smoll companies regime. The lirKncial slolemenls were approved by the Board of Trustees and aulhorised for issue on ond were signed on its beholl by.. Trustee The notes lom part ol these finonciol slalements Page 6
Squosh Squored Noles to the Flnanclol Stalemenls lor the YeoT Ended 31 December 2025 ACCOUNTING POLICIES Bajls of Preporing the financlal stalemenl$ The financial stalefflen15 of the charitable compony. which is o public benefit enlily under FRS 102. hove been prepared in occorclance with the Choritiès SORP IFRS 1021 'Ac¢ounting and Reporting by Chorities.. Stolemenl ol Recommend&4 Practice opplicoble to charities prep(Ying ther accounts in accordance with the Financial Reporting Stondord applicable in the UK and Republic ol Irelond IFRS 1021 leffeclive l Januory 20191,. Financial Reporting Slondord 102 The Finoncial Reporting 5tondarcl opplicoble in the UK and Republic of Irelond, and the Companie5 Act 2C06. The linonciol slalement5 have been prepored under the historical cosl convention. Golng Concèrn The Irvslees believe therè are sufficient re5eNes in the charity lo continve for the fofesee(knle future. For this reason, the financial 5totemenls hove been prepared on o going concern bosif. Income All income is recognised in the Slolement of Iinonciol Aclivilies once the chorily hC enlillement to Ihe lund5, il is probab thot the income will be received ond amount can be measured reliably. Expendlture Liobililies ore recognised as expenditure as soon as there is a legol or conslnictive obligation commitling the charity to Ihot expenditure. il is probotjle Ihol a transfer ol economic benefits will be required in sefllemenl and the omounl ol the obligation con be meo5ur&d rdiably. Expenditure is accounted lor on an accruals bosis ond hos been clossilied under headings thot aggregole all cost related to the cotegory. Where costs connot be directly ottributed to particular heodings they have been allocoted lo octivilies on a basis consisternl with the use of resource5. Taxallon The charity is exempl from corporolion lax on ils charitoble oclivilie5. Fund accounting Unrestrictéd funds can be used in accordance wlh the choriloble objectives cltr the discretion ol the Iruslees. Reslricled fund5 can only be used lor partUlr re51ri¢ted purposes within the objec15 of the charity. Reslriclions are when Specified by the donor or when funds ore raised for particular restricted purposes. Further extjonation of the nolure and purpose of each fund is included in the notes to the linoncid statements. Hlie pur¢hose and leaslng comrniFmerls Renta15 poid vnder operating leoség ore chuged lo the Slotemenl of Financial ACtNilies on o straight rine b$ ovèr the period ol the lease. Penslon costs and other post-ietlremenl benems The choriloble company opgioles o defined contribulion pension scheme. ContributK)ns payable lo the charilable company's per)sion scheme ore charged to the Statement ol Finonciol Activities in the period to which they relote. Poge 7 continued...
Squash Squored Notes to thè Flnanclol Slalemenls- Contlnued lor Ihe Year Ended 31 Decembw 2025 OTHER TRADING AcnvrES 31.12.2025 31.12.2024 Fundraising events 1,000 2,918 INVESTMENT INCOME 31.12.2025 31.12.2024 Interest receNable- Iroding 5,835 2,472 NET IMCOME/(EXPENDITURE) Net incomellexpendilurel 1$ Stated ofter charging/lcredilingl". 31.12.2025 31.12.2024 Room hire cos15 3,410 7,528 TRUSTEES, REMiINERATION AND BENEFtrs There were no Iruslees, remunerolion or other benefits for the year ended 31 December 2025 nor lor Ihe yeor ended 31 December 2024. Tte*S. expenses There were rD Istee5. expenses poid lor the yegr ended 31 December 2025 nor for the yeor ended 31 December X)24. STAFF COSTS The overage monthly number of empbyees during the yearwa5 05 follows.. 31.12.2025 31.12.2024 Port-time employee5 No employee5 received emoluments in excess Ot £60.(M. DEBTORS: AMOUNTS FALLING DUE wifHIN ONE YEAR 31.12.2025 31 12.2024 Prepoymenls and occrved income Page 8 continued...
Squash Sqvorèd Noles to Ihtr Flnonclal Stalemenls- ¢onllnuod lor the Year End•d 31 Decernber 2025 CREDITOR&" AMOUNTS FALLING DUEWITHIN ONE YEAR 31.12.2025 31.12.2024 Trode creditors AccruaL5 and defeffed income MOVEMENT IN FUND5 Net movement in funds Al 31.12.2025 At 1.1.2025 Unreslrtcted lunds 8,631 8.631 General fund 182.664 28,286 210,950 TOTAL FUNDS 191.295 28.286 219.S81 Nel movement in fund5. included in the obove are as follows- Incoming resources Resovrces expended Movement in funds Unr•strSct•d funds Genorol fund 71.807 43.521 28,286 TOIAL FUNDS 71.807 43.527 28,286 io. RELATED PARTY DISCLOSURES There were nc) relaled party transocliws f(x the year ended 31 December 2025. Pogell