Registered number: CF.012587 Charity number: 1176158 BRIGHTER FUTURES THROUGH SPORT {A COMPANY LIMITED BY GUARANTEE) UNAUDITF.D TRUSTEES, REPORT AND FINAf4CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) CONTENTS Pages Reference and administrative details of the company, irs trusrees and advisers Trustees, report Independeni examiner's rep)rt Statement of financial activities incorporating income and expenditure account Balance sheet Notes to the financial statements 9- 16 ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DET AILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 ttgal and administrative information Trustees Mr Lee Canoville, Trustee Ms Danielle Chulan, Trustee Mr David Pendle. Trustee Ms Lorraine Jones, Trustee Mr James Wood, Trustee Registered eompany number CEO12587 Registered charity number 1176158 Registered 0]ce Priory Barn, The Hollows, Thurgarton, Nottingham, NG14 7GS Independent examiner UHY Hacker Young LLP, 14 Park Row, Nottingham, NGI 6GR ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the company for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the company coniply with the current statutory requirements, the requirements ot the company'5 governing document and the provisions of the Statement of Recommended Practice (SORP), applic<ible 10 charities prcparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in thc UK and Republic ot Ireland (FRS 102) published in OctoiEr 2019. Since the company qualities as small under section 383. the strategic port rcquired of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not rcquired. Objeetives gnd Aetivities Policies and objectives The Principle objcctivcs of the charity are.. The advancement of education, in particular physical educaiion for young people; To advance in lift and relieve needs of young people through the provision of recreational, sportiiig or leisure time activities provided in the interest of social welfare, d¢signed to improve their conditions of life and providing support & activities which develop Iheir skills. capacities and cawdbilities to enable them to participate in society as mature and resp)nsible individuals; and The advancement of amateur sport for the public benefit primarily through the playing of and Coaching in association football, or other sports capable of promoting health for young people. Achievements and performanee Review of activities Wc are now in 28 schools and have carried out Inore individual interventions duc to the effect of coronavirus and the increase of anxiety that aS shown by children. Financial review Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable tuture. For thi5 reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of Ihe going Concern basis can be fouiid in the Accounting Policies. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review (continued) b. Financial results The results for the year cndcd 31 December 2024 arc dctailcd on pages 7 to 16. A surplus of £8.342 (2023.. £13,204 deticit) arose during the year. Reserves policy The trustees recognise that they should manage income and expenditure to build a reserve to cover core costs and coniingencies. The organisation had reserves of £7,031 unrestricted funds. This is an improvement on the prior year, which had a £1,31 l unrestricted fund deficit. Structure? governance and management a. Constitution The ¢ompany is registered as a company limited by guarantee. The ¢ompany is constituted under a Trusi deed and is a registered ¢harily number 1176158. The principal object of the company is to provide education, in particular physical education, for young people. b. Method of appointment or election of Tnjstees Brighter Futures Through Sport is a Charitable Incorporated Organisation (CIO). Trustees are appointed via a unanimous vote of the current Board of Trustees. New Trustees are aprM)inted to the Board if they can demonstrate a desired skill set and/or relcvant industry sector experience that would add value to the Board. Trustees, responsibilities statement The Trustees (who are also directors of Brighter Futures Through Sport for the purposes of company law) are responsible for preparing the Trustees, rety)rt and the financial statements in accordance with applicable law and United Kingdom Accounting Siandards (Uniied Kingdom Generally Accepted Accounting Praclicc). Company la. requires the Truqtees to prepare financial qtatemenlq for ea¢h financial year. Under company law the Trustecs must not approv¢ the financial stat¢incnts unless they arc satisficd that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application c)f resc)urces, including the income and expenditure, of the charitable company for that year. In prcparing these financial statcments, the Trustees are required to.. Select suitable accounting policies and then apply them consistently,. Observe the m¢thod5 and principles in the Charities SORP- Make judgnents and ac¢ounting estimates that are reasonable and prudent; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable ¢ompany will continue in operation. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose '1th reasonable acciiracy at any time the finaiicial position ot the charitable companv and enable thetn to ensure that the tinancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hcncc for takin¥ rca50nablc steps for the prcvcntion and detection of fraud and other irregularities. This report was approved by thc Trustees 0n2?.ILO/.2ond signed on their behalf by- Ike Canoville Trustee ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
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Independent examiner’s report to the Trustees of Brighter Futures Through Sport (the “company”)
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024, which are set out on pages 7 to 16.
This report is made solely to the company’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company’s Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company’s Trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”)
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts carried out under section 145 of the Charities Act 2011 (“the 2011 Act “). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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The accounts do not accord with those records; or
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The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination; or
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The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) IINDEPEf4DENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I have no conccrns and have coine across no other matters in connection with th¢ examination to which attention should be drawn in this repx)rt in order to enable a proper understanding of the accounts to be reached. DaTr'id Allum for and on behalf of UHY Hacker Youngy Statutory Auditor 14 Park Ilow Nottingham NGI 6GR Dale-. .29.IlQJ.2.Q25. ENV68796alE-7598-Ca(j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPOIL4TING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Note UNre$trieted fund5 2024 Total funds 2024 Total funds 2023 Intoming resources Donations and legacie5 Charitable activities 116,848 160,763 116,848 160,263 87,38? 166,223 Total incorne 277,111 277,111 253.605 Resour¢ts exptnded Charitable activities Support Costs Governance ¢osts Events costs 259,556 1,386 2,216 5,611 259,556 1,386 2,216 5,611 259,230 1,176 2,264 4,139 Total expenditure 268.769 268,769 266.809 Net movement in funds 8,342 8,342 {13.2041 Reconciliation of funds: Total funds brought forward 11.893 TotAI funds carried forward 7,031 7.031 The notes on pages 9 to 16 form part of these financial statements ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed Assets Tan¥ibl¢ I8¢ts Current Assets Debtor3 8.8.34 3.812 Cash at bank and in haiid 802 60 9.636 3.872 Creditors: amounts fallitlg due within one year (2,6051 (5,183) Net current a5sets/ {liabilities) 7,031 Total net as5etsllliabilities) 7,031 Funds of the Charity UnrestTILted funds Restricted funds 7,031 Total funds 7,031 The company's financial ststements have been prepared in accordance with the provisions applicable to companies subje¢t lo the small companies, regime. The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the A¢t") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknoTh'ledge their respoi)sibilities for compl)'ing with the requirements of the Companies Aci 2006 iwith respect to accounting records and the preparaiion of financial staiements. The financial statements were approved and authorised for issue by the Trustees ooTr/JoJ.1025and signed on their behalf, b!.. £- Lee Canoville Trustee The notes on pagcs 9 to 16 forni part of these financial statetnents. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies 1.1 Basis of preparation of financial statements The financial slateinenls have been prepared in a¢¢ordance with A¢¢ounliiig and Reporring by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the inancial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102} publiqhed in October 2019 affcctin¥ rcporting periods bc¥inning on or after l January 2019, the Charities Act 201 I, the CoJnpanies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. Brighter Futures Through Sport meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant ac¢c)unting policy. 1.2 Company status The companv is a company limited by guarantee incorporaied in England within Ihe United Kingdom. The address of the company's registered office is detailed on page l of these financial statements. The members of the company are the Trustees named on page l of these financial statements. In the event of the company being wound up, the liability in respect of the guarantee is £Nil. A description of the nature of the charity's operations and its principal activities is given in the trusiees report within these financial statements. 1.3 Going concern These financial statements have been prepared on a going concern basis, which assumes that the company will contiiiue to trad¢. If the Company were unable to trade, adjustments would have to bc made to reduce the values ot assets to their recoverable atnount and to provide for turther liabilities that might arise. 1.4 Income All incoine is recognised once the company has entitlement to the income. il is probable that the income will be rcccived and the amount of income receivable can be measured reliably. Donated services or facilities are recognised when the Company has control over the item, anv conditions associaTrd with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance ivith the Charities SORP {FRS 102), the gencral volunteer time is noi recogniz¢d and refer to the Trustees, reFK)rt for more information about their contribution. On receipt, donated protessional setvices and donated facilities are recognized on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities i)f equivalent e¢oni)mic benefit on the open market,. a corresponding amount is then re¢ognised in expenditure in the year ot receipt. InLome tax recoverable in relation to investmcnl income is rccognised at the timc thc investment inLomc is receivable. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Other income is recognised in the year in which it is receivable and to the extent the goods have been provided or on Completion of the service. Grant income is recognised in line with the perfom]ance model. 1.5 Expenditure Expenditur¢ is reiognised unce there is a Icgal or Lonstructivc obligation tu transfer eLonomiL bcncfit to a third party, it is probable that a transfer of economic benefits .11[ be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified bsw activity. The costs of each activity are made up of the total of direct costs and shared costs, including support Costs involved in uiidertaking each activity. Direci costs attributable to a single activity are allocated directly to IKit activity. Shared cosis which contribute to more than one activity and support costs whi¢h 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 speni, and depreciaiion charges allocated on the p)rtion of the asset's e. Support costs are those costs incurred directly in support of expenditure on the objects of the company. Govemance costs are those incurred in ¢onnection with administration of the company and ¢omplian¢e with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the company's operations, including suprort costs and costs relating to the governance of the companv apportioned to charitable activities. Expcnditure in the comparative is inclusivc of irrccoverablc VAT. The company registered for VAT in the current year. Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently Ineasured at cost or valuation, net ot depreciation and any impairment losses. tkpreciation 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= Leasehold improvements_ 330/rJ Straight line The gain or loss arising on the disposal of an assei is determined as the difference beiween the sale proceeds and the carrying value ot the asseL and is credited or charged to statement ot financial activities. 1.7 Debtors Trade £ind other debtors are recognised at the settlement amount after any tnqde discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash #t Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investmenis with a short maturity of three months or less froJn the date of acquisition or opening of the deposit or sitnilar account. 10 ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1.9 Liabilities and provisions Liabilitics are recogni5ed ivhen there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benetit will be required in settlement, and the amount ot the settlement can be esrimaled reliably. Liabilities are recognised at the amount that the company anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ProiJi8ions are Ineasured al the best estimate of the am()unt8 required to settle the obligation. Where the effect of the time value of moncy is matcrial, thc provision is bascd on the prcscnt valuc of thosc atnounts, discountcd at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.10 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrumenis are initiallv recognised at trcinsaction Vcilue and subsequently measured at their setilemenl value with the exceptioii of bank loans ,hICh are subsequently measured at amortised cost using the effective interest method. 1.11 Taxation The company is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is exempt from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Char¥cable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 1.12 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance ot the geneRI objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accorda11ce with specific restrictions imposed by donors or hich have been raised by the company for particular purposes. The costs of raising and adininistering such funds are ¢harged against the specifi¢ fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income fron) donations and legacies Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 t)onations 116.848 116,848 87.382 Income from donations and legacies includes £nil (2023 £nil) of restricted income and £116,848 (2023 £87.382) of unrestricted income. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activities & government grants Unrestricted funds 2024 Restritted fund5 2024 TotAI funds 2024 Total funds 2023 .haritable activiti¢$ Provision of nientoring services to schools 160,263 160,263 166,223 160,263 160,263 166,2•3 Iiicoine trom charitable activitie5 and government grant5 includes £nil (2023 £nil} of restticted income and £160,263 (2023 - £166,223) of unrestricted income. Direet eosts Direct eo$t Tot#1 2024 Totg12023 Service provider 259.556 259,556 259,230 Direct ¢osts include £nil (2023 £nil) of restricted expenditure and £259,556 (2023 £259,230) of unrestricted expenditure. Support costs Support cost Total 2024 Total 2023 Marketing Insurance 1,080 306 1,080 306 1,176 1,386 ,386 1,176 Support costs includes £nil (2023 £nil) of restricted expenditure and £1,386 {2023 £1,176) ot unrestricted expenditure. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Governanee costs Unrestricted fund5 2024 Restricted funds 2024 TotAI funds 2024 Total fuDd5 2023 Acc()untancy costs Indepejident examination costs 250 1,966 250 1.966 750 1,514 2,216 2.216 2,264 Govemance costs includes £nil (2023 £nil) of restricted expenditure and £2,216 (2023 £2,264) of unrestricted expenditure. Events c05t Ilnrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total fund5 2023 The Nottinghain5hire- Events hire 5,611 5.611 5,611 5,611 4,139 4,139 Events cost includes £nil (2023 - £nil) of restricted expenditure and £5,611 {2023 £4,139) of unrestricted expenditure. Net (expenditure)lin¢ome This is stated after charging.. 2024 2023 Independent examiner's remiineration 1,966 1,514 During the year and previous period. no Trustees re¢eived any remuneratiort, any benefits in kind or received any rcimbursement of expenses. ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed assets Leasehold improTrements Total C05t At l January 2024 2,201 2,201 At 31 December 2024 DepreciAtion At l January 2024 2,201 2,201 At 31 Dtctmb¢r 2024 Carrving amount At 31 December 2024 At 31 December 2023 10. Debtors 2024 2023 Oiher debtors 8,834 3,812 11. Creditors: Amounts falling due J*rythin one year 2024 2023 Trade creditors Accruals and deferred income 2,064 3.119 2,605 2.605 5.183 14 ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Statement of funds Statement of funds- eurrent year Balart¢e At I January 2024 Ineome Eipenditure Balathee #t 31 Decernber 2024 Unrestricted funds General Funds- all fijnds 277,111 1268,769) 7,031 Restricted fund$ Restricted Funds- all fund5 Total of ndS 277,111 1268,769) 7,031 Statement of funds- previous period Balance at I JRnu8ry 2023 Income Expenditure Balance at 31 De¢ernber 2023 Unrestricted funds General Fuiids- all funds 11,893 25.3,605 1266,809) Restricted funds Restricted Funds- all funds Toial ot'funds 11,893 253,005 1266,809) ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Analysis of net assets between funds Unrestrieted fund5 2024 Restriettd fund5 2024 Total funds 2024 Total fund5 2023 Tangible fixed assets Current assets Current liabilities 9.636 (2,605) 9,636 12,0051 3,872 (5,183) 7.031 7,031 14. Related party transactions t)uring the year, the charity paid £259,556 {2023 £259.230) for protessional football coaching to a company with a mutual trustee. There were no other related party transactions to disclose within the year or comparative. 16 ENV68796aiY-7598-1j-Ae 29110r2025 15'.d8 AM UTC