Charity regi5tralion number 1173909 (England and Wales) RADFORD COMMUNITY SPORTS CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
RADFORD COMMUNITY SPORTS CIO LEGAL AND ADMINISTRATIVE INFORMATION Tnjstees F Holt MBA Mr S Bennett C Brown Charity number 117390g Registered office St Augustines Sports Cetr8 Heathcotg Street CDv&ntry CV6 3BL lTrdependènt examiner Azels Audil Services 3Mc Middltrtnarch Busine55 Park Siskin Drive Coventry CV3 4FJ
RADFORD COMMUNITY SPORTS CIO CONTENTS Page Ttustees. report Independent examineV5 report Statemerrt of financial aclwities Balance sheet Notes lo the financ4al statements 6-12
RADFORD COMMUNITY SPORTS CIO TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The tnjslees present their annual report and financial stalements for the year ended 30 September 2025. rhe financial statements have been prepared In accordance with the acwunting policies set out in note 1 to the financial statements and comply with the charity's governing do¢ument, the Charities Act 2011, FRS 102 Vhe Financial Repr)rting Stanolard applicable In the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Ch8ritie5." Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iipland IFRS 1021" Objectives and activitie The charily's objects are the running of a local comfflunity sports facility. Our aims are to increase participation in sports and activity progratntnes, pronioling health and fitness lo mainly under 16's and also encouraging people from th8 North west of Coventry including schools and cornmunity groups to engage in fitness & activities such as yoga, aeiobics.martial arts, gymnastlcs and multi-gym classes and also leaming and playing racket Sports. Public benefrt The trustees have paid due regard lo guidan issued by the Charity Comtll15510n in deciding what activitiès the charity should undcrtake. AchievemeFTts and performance Significanl activities and achIeVent.f against cbjectives The charity has conlinup to recover from the effect5 of the Covid pandemic and the various operaliDnal iSSLJes that arose. Investment has been continued to be Made into irnproving the centre with new equipment purchased for the gy and refurbishments made to the toilel facilities. The official fire safety inspection cornpleled during the year highligted only a couple of items that need to be updated and this work wa5 completed during the peric)d. We have continued lo provide a facility for a diverse range of c4)mrnunity groups, including the West Midland5 Police communrty group whilst a150 increasing footfall from our core activities. overall It has been another progressive year and hopefully w8 c.an carry on this trend in the lortcoming years. Further refurbishrnenls are expected im the coming year with repairs to Ihe gym roof planned when discussions begin on extending the charity's le35e. Initial discussions h2ve indicated no concern5 regarding the lease extension. Financial review The finarTciel statements show 8 surplus of £11,03412024 - surplus of £17,952). Total reserve5 at 30 September 2025 were £30.20112024 - £19, 1671. ReseNes polffcy Reseryes pollcy It is the policy of the chanly that unrestrirled ftjnds which have not bepll desigfflaled lor a specific usp Should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drtsp In funding, they will be able to Continue the charitys current acts'vitie5 Mthilg consideration is given lo ways in which additional lund5 may be raised. At the balance shed date the reserves totalled £30,201 and the charity is looking to increase these to meet the reserves policy. Major ri.8ks Ri$k evaluation The twstees have a55essed the major rikS to which the charity is exposed, and are satisfied that systems are in place to mitigale exposure to Ihe major risks.
RADFORD COMMUNITY SPORTS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structuro. governanre and management The org3niSation is É charity incorporated organisation (CIO) and is registered with the Charity Commission and Companies House. The trustees who served dunng the year 2nd up to the date af signature of the financial statements were.. F Holt MBA Mr S Bennett C Brown Recruilment and appoinlment tsf truslees Recruitmènt and appolntment of trustees Trustees are selected according lo those who have volunteered to Serve ihe orgallisalion and the local community. Potential trustees who come foNard will be considered on merit and all are welcome to apply. Organisation81 &tffUGlure Organisational Structure The chanty is headed by its trustees and has operational staff who specialise in the activities being undertaken by the CIO who run the organisation on a day to day basis. Induction and training of tfU5te8S Induction and training of new trustees The charity encourages new trustees lo apply and h8s èll Induction and training programme whèr8by rFew trustees will work closely with the existing ones for a period SLrffiuent lo enable them to obtsin an understanding of the organisation. The trust es, rep rt was approved by the Board ol Trustees. F Holl MBA Trustee Dale..
RADFORD COMMUNITY SPORTS CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RADFORD COMMUNITY SPORTS CIO I report lo the tTU5tees on my exaTllin8tion of the financial ststernents of Radford Cornmunity Sports CIO (the charilyl loi the year ended 30 September 2025. Responsibilities and basis of report As the trustees Df the charity you are iesponsible lor the PTeparalion ol the financial statements in accordance th the requirements of the Gharities Act 2011. I rert in respect ol my examination of the Charity's financial statements carried out under sectiorE 145 of the Charities Act 2011. In carryino out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Chanties Act 2011. Independent examiner's 5tstement Your 3llenb.on is drawn to the fact that the charity has prepared the financial ststements In accordance with the levant version of the Stat&meiil ol R8commended Praclice applicable to charities preparing their financial ststements accordgnce with the Financial Reporting Stand3rd applicable in the VK and Republic of Ireland IFRS 1021 in pference lo the Accounting and Reporting by Charities.. Staternenl of Recommended Practice issued on l April 2005 which is referred to in the extrdnt regu5ations bul has now been withdrawn. l undersland that this ha5 been done in order for the financial 5tatem&nls to provide a true and fair view in accDrdance with UK Generally Accepted Accounting Practlce. I have completed my exarHin8tion. I confirm that no matters have corlle to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in rospect ol the charity as required by section 130 of the Chantics Act 2011. the financi81 stalement5 do not accord wilh those record5", gr the financaal slatemerils do not corllply with the applicable requirements concerning the form and content of financial statements Set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirenient that the financial staleTnents give a tru6 and fair view. which Is not a matter con51dered as part of an independent examination. I have no Concerns and have coma acioss no other matters ill connection with the examination to which attention should be drawn in this reporL4H or(ler lo enab18 a proper understanding of the financial statements to be reached. Robert Anderson FCA A2ets Audit Services 3Mc Middlemarch Business Park Siskin Drive Coventry West Midlands CV3 4FJ Dated..
RADFORD COMMUNITY SPORTS CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income and èndowments from: Chèriiable activities Other iricome 170,539 20,371 159,205 20,552 Total in¢ome 190,910 179,757 Exper7diture on.. Chantable activities 179,876 1G1,805 Total expenditure 179,876 161,805 Nèt Ineome and movement in funds 11.034 17.952 Reconciliation of funds.. Fund bal8n¢es at 1 October 2024 19.167 1,215 Fund balances at 30 September 2025 30.201 19.167 The statement of f1nancial activities includes all gains and losses recognised in the year. All income and expenditure derive from GontsnL5ing activities.
RADFORD COMMUNITY SPORTS CIO BALANCE SHEET AS A T 30 SEPTEMBER 2025 2025 2024 Notes Fixed assets Tangible assets 10 26,836 19.577 Current assets Debtor8 Cash al bank and in hand 11 3,537 29,291 24,633 32.828 29,477 Crèditors.. amounts falling due wtthin one year 12 129,4631 129,8871 Net curTent assetsllliabilitie51 3,365 14101 Total assets le¥5 current liabilitles 30,201 19.167 The funds of the charity Unrestricted funds 13 30,201 19,167 30,201 19 167 The financia5 statements were approved by the trustees on . F Holl MBA Trustee
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting polieles Charity information Radford Community Sports CIO is a Charitable Incorporated Organisation which was registered with the Charity Comtnission on 24th July 2017 and commenced trading on 6 November 2017. 1.1 Accounting convention The charity constitutes a PLJblic benefit entity as def1ned by FRS 102. The financial statements have been prepared ln accordance with Accounting and Reporting by Ch3rities'. Statement of Rewmmended Pfactice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLsblic of Ireland Issued in Oc.lober 2019. the Financial Reporting Standard applicable in the United KingdoTll arid Republic of IreSand IFRS 1021, the Charitie5 Act 2011 and UK Generally Accepted Accounting Practice. The chartty ha? t8ken advantage Df the prDVi51Dn5 in the SORP lor charilles appiyino FRS 102 UP¢ate 8ulleiin 1 not lo prepare £ Statement of C8sh Flows. The finanGial statements havè departed from the Charitie5 (Accounts and Report51 Regulations 2008 only (o the extent required to Provide a tnje and lair view. This departure h2s Involved following the Statement of Recommended Practice for charitie5 applying FRS 102 ralher than the version of Ihe Siatemenl ol Recommended Practice which Is referred lo in the Regulations bul which has sinie been wthdrawn. The financial stateme.nts are prepared in sterling, which is the funthonal currency Df the chaiity. Manetsry amounts in these financial statemonts are rounded to the nearest £. The financial slalements have beell prepared under the historical cost convention. The piincipal accounting policies adopted are sèt OLSt below. 1.2 Going concern At the time Df approving the financial statements, Ihe tmstees h8ve a reasonable expectation that the Charity has adequate resources to conlinue in operatlDnal existence for the foreseeable future. Thus the Iruslees continue to adopt the going conrn basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use 8t the discretion of the tru.%tees in furtherance of their charitabl obieclives. Restricted funds are subiect to specific conditions by don0 or grantors 35 to how Ihey may be used. The purposes and uses of the reslricled funds are set out in the notes to the financial statements. 1.4 Income Income Is re¢ognised when the ehaNty is legally entitled to it after any performan conditions have been mel. the amounts can be measured reliably, and it is probable that income will be recèived. Cash donations are recognised on receipt. Other donations are recognised On th8 charity ha5 been notified of the donation, unless performance condib.ons require deferral ol the amount. Incom? tax recoverable in relation to donalions received under Gift Aid or deeds of covenant is regnIsed at the time ol the donation. Legacies are recognised on receipt or otherwise if the charity hds beeri notified of impending distribution, the amounl is known. a receipt is expected. If the arnount is not known. the legacy is treat¢d as a contingent asset.
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting pollcies (Continued) 1.5 Expènditur Expenditu Is accounted for on an accruals basis and has been clag5tfied under headingg that aggregate all costs relaled to the category. Expenditure is recognised where there is a leg31 or nStruCtive obligation to Tnake paytnents to third partie5. It is probable that the settlement will be requiFed and the amount ol the oblig31ion can be measured reliably. 1.6 Tangible fixed a55ets Tangible fixed assets are initially tneasured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimienl losses. Depreciation is recognised 50 as lo write off the cost or valuation ol assets less their residLJal values over their useful lives on the following bases.. Leasehold improvernents Plant and equipment Fixlures and fittings Useful life ol irnprovements Over 5 years Over the lease term The gain or Ioss ansing on the disposal ol an asset Is determined as the differollce between the sale proc8eds anrj the earrying value Df the asset, and Is reGognised in the slalement of financiGII Eclivities. 1.7 ImpaimiÈnt of fixed assets At each reporting end date. the charity reviews the caryiro arnounts of its tangible assets to determine whellier there Is any indication that those assets have suffered an irnpairmBnt loss. If any such Indication exists, the recoverable amoLJnt of the asset 15 eslirllaled in order 10 determine the extent ol the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lemi liquid investtnents with original maturities of IhTee months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnan¢lal Instruments The charity has elected to apply thE provi550ns of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issue5, of FRS 102 trj all of its fin8ncial instruments. Financial instruments are recognised in the Chaty'S b31anoe sheel when the charity becomes party to the contractual provisions ol th8 instrument. Financial assets and liabilities aro offset, with the net arnounts presented In the financial statements, when there is a legally enforceable righl lo sel off the recognised amounts and there is an intention to Settle on a net basis or to realise the asset and settle the liability simulianeou51y. Basic financlal assets Basic financial assets, which includp debtors and cash ancj bank balances, are initially measured at transaction price including transaction cos15 and are subsequently carried at amortised oost using the offective interest rnethod unless the arrallgemenl constitutes a financing transadion. where the tr¢insaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial 8ssets classified as receivable within one ye3r are nol arnort15ed.
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 AcCounng ptslicies Icontinuedl Basic financial liabilities Basic fin8ncial liabilities, including Greditors and bank loans are Inilially cognISÈd at transaction price unless the arrangement constilules a finants9 transaction. where the debt instrument is me05ured at the present value of the future payments disEOUllted al a market rate of interest. Financial liabilities classified as payable within ane year are not amorb5ed. Debt Instruments are subsequently czrried at amortised cost. U51ng the effective Interest rale method. Tradg creditors are obligations to pay for goods or serViS that have been acquired in the ordinary course of opeiab.ons frorn suppliers. Amoun15 payable aTe Gla851fied as current liabilitie5 il payment is due within orTe year OT less. If not. they are presented as non-current liabiliiies. Trade creditor5 are recognised initially at transaclion price and 5ubsequenUy measured at amor115Ed cost using the effeciive interest tnelhod. Dèrecognittion olffinancial liabilities Financial liabilities aTe derecognised when the charity's contractLJal obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost ol any vnused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as all expense when the Charity Is demonstrably cotnmitted to terminate the employment (rf on employee or to provide termination benefits. Charitable actlvitles 2025 2024 Sports facilities income 170,539 159,205 Other income Unrestricted Unrestricted funds funds 2025 2024 Other InMe Room hire 7.646 12.725 8,338 12.214 20,371 20,552
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Charitable aetivitles 2025 2024 staff costs Wgges and contraclors Purchases st8tionery Motor and travel Repairs, rn8intenance and storage Cleaning Sundries 75.209 6,369 15,994 291 263 12,336 3,094 2,712 19,006 1,520 335 58,540 4,833 15,797 1,284 432 21,432 3,759 1,819 11.459 Adverts Computer costs 238 137,129 119,593 Share of support costs (see note 51 Share of governance costs (see notè 51 40.319 2,428 39,5 2,217 179,876 161,805 Support costs allocated to activities 2025 2024 Depreciab"on Legal and professional lees Rent Rates Insurance Goveinance costs 4.541 4,193 3,023 25.120 1.835 5,824 2,217 26,400 4,434 4,944 2.428 42,747 42.212 Analysed between.. Charitable activities 42,747 42,212
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Net movement in funds 2025 2024 The net muvement in funds is stated after chargingllcredilingl.. Fees payable for the Independent examination of the charitls financial statements Depreciation ol owned tangible fixed assets 1,080 4,541 1,050 3,943 TTUStees None of the trustees lor any persons connected with them) received any remuneralion or benefits from the charity during the year. No trustee received any expense5 from the charity during the year. Employees The average monthly number of etllployees dLJring the year was.. 2025 Number 2024 Number Management Employment costs 2025 2024 Wage5 and salaries Social security costs 73.744 1,465 58,540 75,209 58,540 There were no employees whose annual rernuneration was more than £60,000. Taxation The charity is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation ol Chargeable Gains Act 1992 to the extent that these are applied to its ¢harilable objects. 10-
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 10 Tangible fix•d assets Leasehold Irnpfovemvnts Plant and Fixturos and equipment fittings Total Cost At 1 Octobei 2024 Additions 20,000 16,141 2.400 36.141 11,800 9,400 At 30 September 2025 20,000 9,400 18.541 47,941 Depreciation and impaimiènt At 1 October 2024 DepreTh8tion charged in the year 6,000 2.000 10.564 1.444 16,564 4,541 1,097 At 30 September 2025 8,000 1.097 12,008 21.105 Carrying amount At 30 Septembei 2025 12,000 8,303 6.533 26,836 At 30 Septernber 2024 14,000 19,577 11 Debtors 2025 2024 Amounts falling due within one year.. Tde deblors Prepayments and accrued income 750 2,787 750 4.094 3,537 4,844 12 Creditors.. amounts falling due within one year 2025 2024 Other taxation and social securty Trade cditOrS Other Creditors Accruals and deferred income 12,502 487 13,218 J,256 17,040 9,346 3,501 29,463 29,887
RADFORD COMMUNITY SPORTS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 UnrestYlct¢d fund5 The unrestncled fund5 of the charity cDrnpns8 the unexpended balances of donalicns and grants which are not subject to spectfic conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the tru.%tees lor specrfic purposes. At 1 October 2024 Incoming resources Resources expended At30 September 2025 General funds 19,167 190,910 1179,8761 30,201 Previous year. At 1 October 2023 Incoming sources Rèsources expended At30 September 2024 Gen8ral ftjnds 1,215 179,757 1161.8n51 19,167 14 Related party transaction5 There were no disclosable related paty transactions during the year12024 - none). 12-