Disability Sport Worcestershire Report of the Trustees and Financial Statements For the Year Ended 31st March 2024
Registered Charity Number 1174833 Disability Sport Worcestershire CIO Report of the trustees for the year ended 31 March 2024 Structure, Governance and Management Governing Document The Charity is governed by a constitution adopted on 25th September 2017. Recruitment and Appointment of the Trustees The Management Committee is elected annually for a period of one year but may be re-elected. Related Parties The Charity is guided by both local and national policy in so far as It follows the Charity's objectives. Objectives To encourage 'active' participation in sport and leisure activities To bring sporting opportunities to those people with a disability To encourage the provision of quality sporting activities To raise the profile of sport for people with disabilities in Worcestershire To improve faci lities within Worcestershire To provide support eg. clublcoach education To create and maintain links with clubs To support elite athletes to achieve sporting accolades. Public Benefit In planning our activities for the year, the trustees kept in mind the Charities Commission guidance on public benefit. The focus on our activities remains participation in sport and leisure activities across the City. This is with the intention of providing sporting activities to those people with disabilities. Financial Review The Charity continues to be dependent upon grants and donations with no guaranteed income stream and this has been identified as a major risk area for the Charities continued existence. Core Reserves Policy The Trustees alm to accumulate sufFicient restricted reserves to cover normal operating expenses for six months should funding cease. It is, however, anticipated that this reserve will be depleted on occasions such that shorter period of expenses would be covered.
Use of core reserves: To support funds, grants until expected monies are actually cleared. To cover unexpected costs on a one-off basis. To cover years of low funding, with expectations of replacing in the future financial years. All decisions regarding the use of the core fund will be made by the finance committee with a minimum attendance of 3 people and a majority decision. Trustees, responsibilities in evaluation to the financial statements. The trustees are responsible for preparing the Trustees, report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each fi nancial year which give a true and fai r view of the state of the affairs of the charity and of the i ncoming resources and application of resources of the charity for that period, In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently observe the methods and principles of the Charities SORP make judgements and estimates that are reasonable and prudent State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 20 1 I, the Charity (Accounts Reports Regulations 2008) and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees on: I, November 2024. Phil Weston OBE
Elected Trustees.. Chair: Pete Sugg Secretary.. Paul Edwards Treasure: Phil Weston OBE statement of Financial Activities For the Year to 31$1 March 2024 Incoming resources from generated funds Grants and Donations Co-op Development Activities Interest 3,914 1,236 51 Total 5,201 Cost of Generating Funds Co-ordinator Contract (2023 - 2024) Project Work Insurance Admin 3,000 6,496 250 55 Total 9,801 Balance Sheet as at 31st MarGh 2024 2022123 Assets 2023124 CURRENT ASSETS Bank Accounts 30,087 CAF Bank 25,482
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