| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Trustees' Report |
2 | to | 10 | |
| Statement ofTrustees' | Responsibilities | |||
| Report ofthe Independent Auditors |
12 | to | 13 | |
| Statement of Financial | Activities | 14 | ||
| Balance Sheet | 15 | |||
| Cash Flow Statement | 16 | |||
| Notes tothe Cash Flow Statement | 17 | |||
| Notes tothe Financial | Statements | 18 to | 25 | |
| Detailed Statement of | Financial Activities | 26 | to | 27 |
| TRUSTEES | K | Longworth (Chair ofTrustees) |
Longworth (Chair ofTrustees) |
Longworth (Chair ofTrustees) |
|||
|---|---|---|---|---|---|---|---|
| A | Pearce Higgins (Chair |
of FRRAG Committee) | |||||
| Y | Rees (Vice Chair-Strategy) | ||||||
| V | Messenger (Senior |
Independent | Director) (Appointed | 15.09.22) | |||
| M | Gallagher (Resigned |
09.02.23) | |||||
| D | Woodham | ||||||
| Y | Magara (Resigned | 14.09.23) | |||||
| T | Hamp | ||||||
| L | james (Vice Chair- | People) (Appointed | 07.04.22) | ||||
| S | Magill (Appointed | 15.09.22) | |||||
| C | Davies (Appointed | 15.09.22) | |||||
| A | Webb (Resigned 11.05.22) | ||||||
| J | Leaman (Resigned | 11.05.22) | |||||
| D | Smith (Resigned 23.06.22) | ||||||
| R | Venables (Resigned 23.06.22) |
||||||
| REGISTERED OFFICE | Marlborough House |
||||||
| 69 High Street | |||||||
| Kidlington | |||||||
| Oxfordshire | |||||||
| OX5 2DN | |||||||
| REGISTERED COMPANY NUMBER | CE014539 (England | and Wales) | |||||
| REGISTERED CHARITY NUMBER | 1179040. | ||||||
| INDEPENDENT AUDITORS | Richardson Jones |
||||||
| Chartered Accountants' |
|||||||
| Registered Auditors |
|||||||
| Mercury House |
|||||||
| 19-21Chapel Street | |||||||
| Marlow | |||||||
| Buckinghamshire | |||||||
| SL7 3HN | |||||||
| BANKERS | CAF Bank Limited | ||||||
| 25 Kings Hill Avenue |
|||||||
| Kings Hill |
|||||||
| West Mailing | |||||||
| Kent | |||||||
| ME19 4JQ | |||||||
| CHIEF EXECUTIVE OFFICER | J Lenthall |
| 31.3.23 | 31.3.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds E |
funds E |
fundsf | funds E |
||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
58,194 | 58,194 | 18,629 | |||
| Charitable activities |
||||||
| Sport England | 773,689 | 773,689 | 714,651 | |||
| Public Body | 327,716 | 327,716 | 353,582 | |||
| Non-Public Body |
12,999 | 12,999 | ||||
| Other Charitable activities |
74,676 | 1,000 | 75,676 | 44,387 | ||
| Other trading activities |
13,068 | 13,068 | 11,534 | |||
| Investment incoine |
1 522 | 1 522 | 110 | |||
| Total | 89 266 | 1 173598 | 1 262 864 | 1 142 893 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Sport England | 748,314 | 748,314 | 747,623 | |||
| Public Body | 365,071 | 365,071 | 361,507 | |||
| Non-Public Body |
12,999 | 12,999 | ||||
| Other charitable activities |
60 750 | 60 750 | 88 616 | |||
| Total | 60 750 | 1 126384 | 1 187 134 | 1 197746 | ||
| NET INCOME/(EXPENDITURE) | 28,516 | 47,214 | 75,730 | (54,853) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
157,575 | 134,287 | 291,862 | 346,715 | ||
| TOTAL FUNDS CARRIED FORWARD | 186091 | 181501 | 367 592 | 291 862 |
| 3XB23 | 31am | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted' | Restricted | Totai | Total | ||||
| fundsf | funds | funds | fundsf | ||||
| 71,499 | |||||||
| 317607 | |||||||
| CREDITORS | |||||||
| Amounts | failing due wAhin one year | 13 | (10'24) | (10+90) | (26,914) | (22,S91) | |
| 186082 | 181301 | ~367 82 | ~282 2 |
||||
| TOTALASSETSLESSCLIRIKNT LIABILITIES | 18670M | 1817501 | 367,592 | 291,862 | |||
| SVSOS | |||||||
| Unrestricted | funds | 186,091 | 157,575 | ||||
| Restricted | funds | 181301 | 136287 |
| CASH FLOW STATEMENT | ||||||
|---|---|---|---|---|---|---|
| FOR | THE | YEAR ENDED 31STMARCH | 2023 | |||
| 31.3.23 | 31.3.22 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
1 | 19548 | ~79 189) | |||
| Net cash provided by/(used |
in) | operating | activities | 19 548 | ~79 189) | |
| Cash flows from investing | activities | |||||
| Interest received |
1 522 | 110 | ||||
| Net cash provided by investing |
activities | 1 522 | 110 | |||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
21,070 | (79,079) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 295 937 | 375 016 | |||
| Cash and cash equivalents | at the end of | |||||
| the reporting period |
317087 | 295937 |
| RECONCILIATION ACTIVITIES |
OF NET | INCOME/(EXPEND | ITURE) TO NET CASH F |
LOW FROM OPERA | TING |
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| E | |||||
| Net income/(expenditure) | for the reporting | period (as per the | |||
| Statement of Financial Activities) | 75,730 | (54,853) | |||
| Adjustments for: |
|||||
| Interest received |
(1,522) | (110) | |||
| Increase in debtors Decrease in creditors |
(52,983) ~1677 |
(1,027) ~23 199 |
|||
| Net cash provided | by/(used | in) operations | 19598 | ~79 189) |
| ANALYSIS OF CHANGES IN NET FU | NDS | ||
|---|---|---|---|
| At 1.4.22 | Cash flow | At 31.3.23 | |
| E | |||
| Net cash | |||
| Cash at bank | 295937 | 21 070 | 317007 |
| 295 937 | 21 070 | 317007 | |
| Total | 295 937 | 21 070 | 317007 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| E | ||
| Donations | ~58 194 | ~18629 |
| OTHER TRADING ACTIVITIES | ||
| 31.3.23 | 31.3.22 | |
| E | E | |
| Rent received | ~13 068 | ~11534 |
| INVESTMENT. I | NCOME | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| Deposit account | interest | ~1522 | 110 | |
| INCOME FROM | CHARITABLE | ACTIVITIES | ||
| 31.3.23 | 31.3.22 | |||
| Sport England | Grants received | 773,689 | 714,651 | |
| Public Body | Grants received | 325,216 | 353,582 | |
| Public Body | Recharges for courses | 2,500 | ||
| Non-Public Body |
Grants received | 12,999 | ||
| Other charitable | activities | Levies and awards | 4,000 | 3,000 |
| Other charitable | activities | Recharges for staff seconded | 71 676 | 41 387 |
| 1 19D080 | 1 112620 |
| Support | |||||
|---|---|---|---|---|---|
| Direct | costs (see | ||||
| Costs | note 7) | Totals | |||
| E | E | E | |||
| Sport England | 217,851 | 530,463 | 748,314 | ||
| Public Body | 265,052 | 100,019 | 365,071 | ||
| Non-Public | Body | 12,999 | 12,999 | ||
| Other charitable | activities | 18459 | 42 291 | 60 75D | |
| 514 361 | 672 773 | 1 187 134 |
| SUPPORT C | OST | S | |||||
|---|---|---|---|---|---|---|---|
| Governance | |||||||
| Management | costs | Totals | |||||
| E | E | ||||||
| Sport England | 504,411 | 26,052 | 530,463 | ||||
| Public Body | 100,019 | 100,019 | |||||
| Other charitable activities |
33,587 | 8,704 | 42,291 | ||||
| 638 017 | 34 756 | 672 773 | |||||
| Support costs, included | in the above, are as follows: | ||||||
| Management | |||||||
| 31.3.23 | 31.3.22 | ||||||
| Other | |||||||
| Sport | charitable | Total | Total | ||||
| England | Public Body | activities | activities | activities | |||
| E | E | E | E | ||||
| Wages | 362,519 | 83,044 | 5,385 | 450,948 | 399,057 | ||
| Social security | 28,482 | 8,869 | 1,988 | 39,339 | 34,740 | ||
| Pensions | 35,301 | 8,106 | 43,407 | 41,923 | |||
| Travelling | 2,680 | 2,680 | 475 | ||||
| Insurance | 4,436 | 4,436 | 3,997 | ||||
| Staff training | 3,319 | 3,319 | 2,587 | ||||
| IT and communications | 13,073 | 13,073 | 12,673 | ||||
| Postage and | stationery | 234 | 234 | 413 | |||
| Advertising and website |
|||||||
| costs | 9,851 | 9,851 | 12,495 | ||||
| Safety and maintenance | 2,070 | 2,070 | 2,679 | ||||
| Partner meetings |
1,676 | 1,676 | 495 | ||||
| Consultancy | 8,800 | 26,214 | 35,014 | 86,035 | |||
| Premises costs | 27,505 | 27,505 | 27,351 | ||||
| Benefit costs | 168 | 168 | 1,050 | ||||
| Office equipment | and | ||||||
| furniture | 4,211 | 4,211 | 3,097 | ||||
| Bank charges | 86 | 86 | 124 | ||||
| 504411 | 100 019 | 33 587 | 638017 | 629 191 | |||
| Governance | costs | ||||||
| 31.3.23 | 31.3.22 | ||||||
| Other | |||||||
| Sport | charitable | Total | Total | ||||
| England | activities | activities | activities | ||||
| E | E | E | |||||
| Auditors' remuneration |
3,480 | 3,480 | 3,570 | ||||
| Professional | fees | 21,513 | 8,704 | 30,217 | 17,978 | ||
| Accountancy | and | legal | fees | 756 | 756 | 540 | |
| Governance | and | board | meetings | 303 | 303 | 95 | |
| ~26 052 | ~8704 | ~34 756 | ~22 183 |
| No employees received emoluments in excess off60,000 (excluding employ |
No employees received emoluments in excess off60,000 (excluding employ |
No employees received emoluments in excess off60,000 (excluding employ |
er pens |
ion costs). | |
|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| E | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
18,629 | 18,629 | |||
| Charitable activities |
|||||
| Sport England | 714,651 | 714,651 | |||
| Public Body | 353,582 | 353,582 | |||
| Other charitable activities |
44,387 | 44,387 | |||
| Other trading activities |
11,534 | 11,534 | |||
| Investment income |
110 | 110 | |||
| Total | 56 | 031 | 1 086862 | 1 142 893 | |
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Sport England | 747,623 | 747,623 | |||
| Public Body | 361,507 | 361,507 | |||
| Other charitable activities |
88,616 | 88,616 | |||
| Total | 88 | 616 | 1 109130 | 1 197746 | |
| NET INCOME/(EXPENDITURE) | (32,585) | (22,268) | (54,853) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
190,160 | 156,555 | 346,715 | ||
| TOTAL FUNDS CARRIED FORWARD | 157 | 575 | 134287 | 291 862 |
| 12. | DEBTORS: A | M | OUNTS | F | ALLIN | G DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||||||
| E | E | |||||||||
| Trade debtors | 64,200 | 11,580 | ||||||||
| Prepayments | ~7299 | ~6936 | ||||||||
| ~71 499 | ~18516 | |||||||||
| 13. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||||
| 31.3.23 | 31.3.22 | |||||||||
| E | ||||||||||
| Trade creditors | 4,280 | 5,386 | ||||||||
| Deferred income |
2,688 | |||||||||
| Accrued expenses | ~16 634 | ~14517 | ||||||||
| 14. | MOVEMENT IN | FUNDS | ||||||||
| Net | ||||||||||
| movement | ||||||||||
| At 1.4.22 | in funds | At 31.3.23 | ||||||||
| E | ||||||||||
| Unrestricted | funds | |||||||||
| General fund |
157,575 | 28,516 | 186,091 | |||||||
| Restricted funds | ||||||||||
| Public Body | 87,539 | 20,839 | 108,378 | |||||||
| Sport England | 46,748 | 25,375 | 72,123 | |||||||
| Other restricted | funds | 1 000 | 1 000 | |||||||
| 134 287 | 47 214 | 181501 | ||||||||
| TOTAL FUNDS | 291 862 | 75 730 | 367 592 | |||||||
| Net movement | in funds, | induded | in the above are as follows: | |||||||
| Incoming | Resources | Movement | ||||||||
| resources | expended | in funds | ||||||||
| E | ||||||||||
| Unrestricted | funds | |||||||||
| General fund | 89,266 | (60,750) | 28,516 | |||||||
| Restricted funds | ||||||||||
| Public Body | 385,910 | (365,071) | 20,839 | |||||||
| Sport England | 773,689 | (748,314) | 25,375 | |||||||
| Non-Public Body |
12,999 | (12,999) | ||||||||
| Other restricted | funds | 1,000 | 1,000 | |||||||
| 1 173598 | . | ~l 126 384 | 47 214 | |||||||
| TOTAL FUNDS | 1 262 864 | ~1 187 134) | 75 730 |
| Comparatives | for movement in funds |
|||
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 1.4.21 | in funds | At 31.3.22 | ||
| E | f | |||
| Unrestricted | funds | |||
| General fund |
190,160 | (327585) | 157,575 | |
| Restricted funds | ||||
| Public Body | 76,835 | 10,704 | 87,539 | |
| Sport England | 79 720 | ~32 972) | 46 748 | |
| 156555 | ~22 268 | 134287 | ||
| TOTAL FUNDS | 346 715 | ~54 853) | 291 862 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| E | ||||
| Unrestricted | funds | |||
| General fund |
56,031 | (88,616) | (32,585) | |
| Restricted funds | ||||
| Public Body Sport England |
372,211 714 651 |
(361,507) ~747 623) |
10,704 ~32 972) |
|
| 1 D86 862 | ~1 1D9 130 | ~22 268 | ||
| TOTAL FUNDS | 1 142 893 | ~1197746) | ~54 853) |
| Net | ||||
|---|---|---|---|---|
| movement | ||||
| At 1.4.21 | in funds | At 31.3.23 | ||
| E | E | |||
| Unrestricted | funds | |||
| General fund |
190,160 | (4,069) | 186,091 | |
| Restricted funds | ||||
| Public Body | 76,835 | 31,543 | 108,378 | |
| Sport England | 79,720 | (7,597) | 72,123 | |
| Other restricted | funds | 1 000 | 1000 | |
| 156555 | 24 946 | 181501 | ||
| TOTAL FUNDS | 346 715 | 20 877 | 367 592 |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31STMARCH 2023 | |||||
| 31.3.23 | 31.3.22 | ||||
| E | |||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations | 58,194 | 18,629 | |||
| Other trading activities | |||||
| Rent received | 13,068 | 11,534 | |||
| Investment income |
|||||
| Deposit account interest | 1,522 | 110 | |||
| Charitable activities |
|||||
| Charitable activities |
1,115,904 | 1,071,233 | |||
| Recharges for staff | seconded | 71,676 | 41,387 | ||
| Recharges fbr courses | 2 500 | ||||
| 1 190000 | 1 112620 | ||||
| Total incoming | resources | 1,262,864 | 1,142,893 | ||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Project delivery | 514,361 | 542,772 | |||
| Conference costs | 1,650 | ||||
| Activity leaders | 1950 | ||||
| 514,361 | 546,372 | ||||
| Support costs | |||||
| Management | |||||
| Wages | 450,948 | 399,057 | |||
| Social security | 39,339 | 34,740 | |||
| Pensions | 43,407 | 41,923 | |||
| Travelling | 2,680 | 475 | |||
| Insurance | 4,436 | 3,997 | |||
| Staff training | 3,319 | 2,587 | |||
| ITand communications | 13,073 | 12,673 | |||
| Postage and stationery | 234 | 413 | |||
| Advertising and |
website costs | 9,851 | 12,495 | ||
| Safety and maintenance | 2,070 | 2;679 | |||
| Partner meetings |
1,676 | 495 | |||
| Consultancy | 35,014 | 86,035 | |||
| Premises costs | 27,505 | 27,351 | |||
| Benefit costs | 168 | 1,050 | |||
| Office equipment | and furniture | 4,211 | 3,097 | ||
| Bank charges | 86 | 124 | |||
| 638,017 | 629,191 |
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| E | |||
| Governance | costs | ||
| Auditors' remuneration |
3,480 | 3,570 | |
| Professional | fees | 30,217 | 17,978 |
| Accountancy | and legal fees | 756 | 540 |
| Governance | and board meetings | 303 | 95 |
| 34756 | 22 183 | ||
| Total resources expended | 1 187 134 | 1 197746 | |
| Net income/(expenditure) | 75 738 | ~54 853) |