Charity number: 1184107
NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NORTHAMPTONSHIRE SPORT
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 12 |
| Independent auditor's report on the financial statements | 13 - 16 |
| Statement of financial activities | 17 |
| Balance sheet | 18 |
| Statement of cash flows | 19 |
| Notes to the financial statements | 20 - 36 |
NORTHAMPTONSHIRE SPORT
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
Cristina Taboada-Naya (appointed 15 May 2023), Chair (appointed 27 August 2024) Prof Peter Jones, Chair (resigned 20 August 2024) Lucy Wightman (resigned 12 February 2024) Steven John Brian North Kerry Susan Purnell MA Marc Pettican (resigned 21 November 2023) Reemesh Vinod Patel Adam William Brown (resigned 21 November 2023) Imran Ahmed Chowdhury BEM (resigned 15 May 2024) Mandy Young MBE DL (appointed 16 May 2023) Fay Tennet (appointed 15 April 2024) Nicky Bliss FCIPD (appointed 15 April 2024) Lucy Ferguson (appointed 15 April 2024) Julia Chapman MA, ACA (appointed 15 April 2024) Dr Rachael Lewis PhD (appointed 23 May 2024)
Charity registered number 1184107 Principal office Delapre Abbey Delapre Park London Road Northampton NN4 8AW Independent auditor Streets Audit LLP Chartered Accountants Statutory Auditor Enterprise Centre Michael Way Warth Park Way Raunds Northamptonshire NN9 6GR
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audited financial statements of the Charity for the year from 1 April 2023 to 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The aim of Northamptonshire Sport, as set out in its constitution is ‘to promote community participation in healthy recreation and sports that are capable of promoting physical health and fitness for the benefit of the inhabitants of Northamptonshire in particular by:
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working with and through local agencies to increase levels of participation in sport and physical activity;
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• promoting and providing programmes and services for sport, recreation, physical activity, information education and other leisure time occupation for healthy recreation;
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promoting and providing facilities and services for recreational, sporting or other leisure time occupation in the interests of the health and wellbeing for the public at large or those who by reason of their youth, age, limiting illness or disability, financial hardship or social and economic circumstances, have need of such facilities and services;
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the reduction in health inequalities through participation in healthy recreation;
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promoting and providing education, training and coaching courses which promote physical health, fitness and education; and
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facilitating and providing impact evaluation, performance measurement and related intelligence for public benefit in the context of sport, recreation, physical activity and wider health and well-being.’
b. Strategies for achieving objectives
The National Sport England strategy "Uniting the Movement" is a 10 year vision focusing on five big issues:
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Recover and reinvent - Recovering from the biggest crisis in a generation and reinventing as a vibrant, relevant and sustainable network of organisations providing sport and physical activity opportunities that meet the needs of different people.
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Connecting communities - Focusing on sport and physical activity’s ability to make better places to live and bring people together.
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Positive experiences for children and young people - Unrelenting focus on positive experiences for all children and young people as the foundations for a long and healthy life.
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Connecting with health and wellbeing - Strengthening the connections between sport, physical activity, health and wellbeing, so more people can feel the benefits of, and advocate for, an active life.
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Active environments - Creating and protecting the places and spaces that make it easier for people to be active.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities (continued)
Northamptonshire Sport has worked with local partners to develop a framework for Sport and Physical Activity for Northamptonshire which meets these national strategic objectives by focusing on challenges faced locally. This Framework approach is based on data and local insight and uses the following strategies to get people in Northamptonshire ‘more active, more often’.
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Universal Approach: scaled to need, something for everyone, with a focus on those with greater needs. Investing resources with a scale and intensity that is proportionate to the level of inequality.
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Whole System: involving multiple sectors in the solutions. Ensuring everyone, including policy makers, planners, community workers and residents themselves play their part in helping people make healthy choices.
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Place Based: evidence-led action in localities, using insight to understand what needs to change. Then supporting the whole system to make those changes.
c. Activities undertaken to achieve objectives
Our Activities focus on:
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Reducing the inequalities experienced by people in lower socio-economic groups and those with limiting illness or disability.
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Getting our children and young people moving more and forming healthy active lifestyles.
Data released in December 2023 from Sport England’s Active Lives Survey showed that the proportion of adults across Northamptonshire achieving 150+ minutes of physical activity (classed as ‘active’) reduced slightly and remain consistently below the national average for England. Certain groups within the population are less likely to be active : people with limiting illness or disability, people from non-white ethnic background and people from lower socio-economic groups, with inequalities widening over the last 5 years.
d. Grant awards
In order to deliver against their Uniting the Movement strategy, Sport England have awarded key System Partners five years funding to provide longer term financial stability. Sport England’s System Partner funding award to Northamptonshire Sport runs from 2022 - 2027. The System Partner funding supports core organisational costs as well as capacity funding to support local primary schools to improve PE and Sport provision, support the local sporting workforce and deliver the county School Games finals. Additional funding was added for the employment of a Sport Welfare Officer. This role is part of a national network tasked with supporting grassroots sports clubs to improve their safeguarding and welfare culture following the Whyte Review into safeguarding failures within British Gymnastics.
Linking in with our work with local schools, we receive funding from the Football Association to deliver local Barclays Girls Football Partnerships, which aim to embed girls’ football in local secondary schools, linking in with local football providers and making the game more inclusive for all.
We continue to apply for funding from local and national organisations to support the delivery of our work in schools and the community and have received smaller grants from the Youth Sport Trust, Cycling UK, the LTA, The Northamptonshire Community Foundation, the RFU, and the Golf Foundation.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities (continued)
e. Main activities undertaken to further the Charity's purposes for the public benefit
In deciding which activities the charity will pursue, the trustees have paid regard to the guidance issued by the Charity Commission on public benefit. All activities, delivered by Northamptonshire Sport, focus on the promotion of increased sport and physical activity across the county.
Most of the funding received is to deliver specific activities designed to increase activity levels or participation in recreational and competitive sport, either in target areas or with specific groups.
When planning projects, particular note is taken of Sport England and Public Health and locally obtained insight to identify areas and groups who are most likely to be inactive.
We aim to have a demonstrable impact on physical inactivity in Northamptonshire. We do this by:
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Strengthening our sector leading work with schools and education to embed healthy, active, lifestyles from the earliest age;
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Working even more closely with our communities to understand need, build partnerships, develop services and create the conditions for active lifestyles; and
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Developing a more commercial approach by delivering events, managing locations, facilitating activity hubs and exploring new funding channels which, all combined, will significantly increase our ability to improve the personal wellbeing of the people in Northamptonshire.
Achievements and performance
a. Main achievements of the Charity
Northamptonshire Sport’s aim is to increase the number of individuals engaging in physical activities, whether it involves participating in sports through a club, enrolling in a fitness centre, or embarking on a bicycle ride with family members. Often this involves directly offering opportunities, such as our 5K running events or the Summer School Games programme, or commissioning and coordinating third parties to facilitate programmes, such as the Holiday Activities & Food initiative or the Activity on Referral scheme. Above all, our primary focus is to influence System Change – the process of reforming strategies, policies, investment decisions, or operational methods within the public, voluntary, and private sectors – in order to build an environment which makes leading an active lifestyle becomes significantly more accessible.
Through our schools, education and young people work, we provide positive experiences that feel fun, increase confidence and encourage young people to want to be active in the future. The Northamptonshire School Games is an important part of our work with schools, and part of a national programme of competitive sport that is open to all young people in every school across Northamptonshire.
In 2023-24 over 200 inter-school events were delivered by the Northamptonshire Sport School team, with over 15,000 attendances, of whom 54.8% were girls and 27.6% were from ethnically diverse communities.
In addition to our work in schools, we deliver leadership training for children of all ages. Much of our inclusive competition, festival and event programme is delivered in person by young people we have trained as officials, organisers, referees and timekeepers. 536 young leaders learned new skills and gained valuable leadership experience within our School Games programme with 75.4% of those being girls and 17.9% from ethnically diverse communities.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance (continued)
The Government’s holiday activities and food programme (HAF), was rolled out nationally in 2021, with funding for each local authority to provide and programme of healthy food and enrichment activities during the major schools holidays for children who normally access free school meals during the school term. In Northamptonshire, Northamptonshire Sport was awarded the contract to manage the programme since Summer 2021 and in 2023 Northamptonshire Sport was awarded the contract to deliver the programme in Northamptonshire in 2023 and 2024 with potential to extend the programme for a further 2 years.
In 2023, 68,658 holiday places were provided in Northamptonshire, with 53,263 attendances by 10,834 individuals from 296 schools. A total of 351 HAF camps were provided by 156 community providers.
The ‘Together Fund’ (TF) is a continuation of Sport England’s ‘Tackling Inequalities Fund’ (TIF) that was set up in April 2020 as part of a support package to help the sport and physical activity sector through the coronavirus (Covid 19) crisis.
Funding was targeted towards organisations working with people with disabilities and long term health conditions, people from low income groups and people from ethnically diverse communities. The final delivery phase of the programme took place between April and September 2023, during which a total of 51 projects were successfully delivered. These included a programme of outdoor fitness classes to boost activity levels in the Asian population in Northampton, women’s only table tennis sessions in Corby.
We continue to work with older people and people with long term health conditions. Through our co ordination of the Activity on Referral (AOR) programme, we work with activity providers and health professionals to provide a structured referral pathway into physical activity programmes. Between April 2023 and March 2024, 1,123 people completed an AOR programme.
Since 2018, we have been providing a programme of OTAGO exercise, strength and balance classes for people with a history of, or at risk of, falling (Get Up and Go).
The Community Get Up and Go programme is open to any member of the community at a cost of £4 - £6 and is aimed at anyone at risk of falling or with a fall or fear of falling. During the year there have been 55 classes, with 612 participants in total.
The i-CAN Get Up and Go programme – a health professional prescribed programme for people who are classed as mild to moderately frail. A 24 week programme is run in 6 locations throughout the year and is free of charge to participants. 264 referrals have been made into the programme, with 189 people taking part in classes, 59 people completed the 24 week programme with 42 progressing to the community Get Up and Go programme.
Our annual events programme offers something for all experience levels and abilities, you don’t need to be an athlete to take part. From 5K jogs to competitive triathlons and plenty in between.
1,933 participants took part in our events during the year with 80% of participants saying that the events helped them to be more active and 9% saying that the event had a positive effect on their wellbeing.
Weekly Open Water Swimming sessions were held from April and September at two locations; Sywell Country Park and Daventry Country Park. The swimming sessions are open to all competent swimmers, those who are new to OWS and people with more experience. 3,805 swims took place in 2023, despite early closure due to Blue Green algae at both sites. In March 2024 Northamptonshire Sport supported the development of a new charity, Sywell Open Water Swimming, which will run the swimming sessions at Sywell from 2024.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance (continued)
In 2022 we worked with West Northamptonshire Council, Sport England, British Cycling and other partners to transform a former golf course in to a 40 acre specialist mountain bike park. With £250,000 in funding from British Cycling’s Places to Ride scheme and £500,000 from West Northamptonshire Council, the Northampton Bike Park was opened in October 2022 but was closed for extensive repair until April 2023 due to a very wet winter. 2023-24 was the first full year of operation at the park, which is free to use and access with income coming from car parking, the delivery of coaching sessions and sponsorship.
A crew of 18 regular volunteers dedicated over 340 hours to maintaining the trails and ecology on the site during the year, with groups from local businesses and charities regularly supporting with vegetation cutbacks and litter picking.
A Landscape and Ecological management plan for 8 subsections of the park, for example: hedgerows, ponds, grassland, hibernaculum. We are working with local butterfly and bat recorders who have undertaken surveys to form base line data and have worked in partnership with the University of Northampton on projects such as wildlife/bird and pond surveys.
b. Evaluating progress and learning
We have moved considerable distance to a point where learning is much more part of everyone’s day to day thinking. Learning is a fundamental part of our Hotspot Progress Frameworks, completed by staff on a continual basis to demonstrate progress in our place based work.
We have invested in our measurement, evaluation and learning through the recruitment of an insight officer and the development of a smartsheet platform to gather and analyse the outputs and impact of our various projects and programmes.
By listening to those we work with we have been able to provide our courses at the right time, format and cost. A bottom up approach has helped us to influence change.
We will continue to develop a more systematic approach to our learning by building this into employee work programmes, linking to strategic objectives. This will come through the evolution of our existing approach; measures of progress and indicators of influence alongside internal metrics of organisational fitness (finance, HR) all contributing towards overall outcome data (Active Lives). We will do this in partnership with our stakeholders, sharing measures with them where possible:
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Measures of Activity Levels : via Active Lives Survey. Though there are weaknesses in the current national data collection methods in Northamptonshire, they still present a strong part of the story as to whether more people are active.
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Measures of Progress : both quantitative and qualitative measures against programmes of work, projects, interventions and approaches. Much of this is already in place.
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Indicators of Influence : developing a more robust approach to indicators of systemic change being achieved – greater alignment between partnership, more collaborations, greater trust, more optimism, stronger sense of leadership, etc.
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Measures of Internal ‘Health’ : tightening up our internal metrics that allow us to know and show our organisational fitness – finance, funding levered, Tier 3 Governance, CPD, staff satisfaction, stakeholder satisfaction, customer satisfaction, etc.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Financial review
a. Overview
Our funding comes from a wide variety of sources with Sport England System Partner Funding being a significant stabiliser due to the length of the funding award (to March 2027).
Funding for Schools Programmes is significant. This includes School Games Organiser funding as part of a national School Games Programme, alongside additional income from Schools for additional paid programmes, many of these funding streams are due to finish in 2025.
Local authority funding is awarded on a year by year basis as are Public Health and NHFT Falls Prevention programmes.
Fundraising and income from events and activity hubs has not developed as expected and has failed to generate additional unrestricted funds.
The award of the Northamptonshire HAF programme has a significant effect on our total income and expenditure due to the size of the programme.
b. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
c. Reserves policy
The Trustees review the reserves of the charity periodically and approved a Reserves Policy in March 2024.
The purpose of this policy is to establish and maintain an appropriate level of financial reserves to protect Northamptonshire Sport for the following reasons:
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To ensure an operating balance to cushion against short-term deficits in a cash budget, for example money may need to be spent before funding is received;
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To protect Northamptonshire Sport’s operations from unforeseen day-to-day operational costs, and unexpected events or emergencies; and
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To provide a means of building up funds to meet predicted liabilities, such as funds to meet expenditure for a period to allow for any gaps in funding.
The policy details a total amount of £633,000 to be maintained as designated funds to cover 75% of the current maximum liability for programme termination, redundancy and local government pension strain liability.
During the year, unrestricted reserves increased to £1,105,000 (2023: £964,955) of which £472,000 (2023: £67,055) relates to general funds and £633,000 (2023: £897,900) relates to designated funds.
Restricted funds, which represent principally unspent Sport England grants and funds for School Sport delivery, totalled £550,554 (2023: £627,168) as at 31 March 2024.
At the year end, total reserves increased to £1,655,554 (2023: £1,592,123).
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
d. Pension scheme
On transfer from NCC in October 2020 Northamptonshire Sport was admitted to the Local Government Pension Scheme (LGPS) – a defined benefit scheme administered by NCC. On transfer 22 employees were members of the scheme.
The admission agreement included a ‘passthrough’ arrangement by which any net pension deficit or surplus is the responsibility of the pension scheme employing body. The employer pension rates are variable and reviewed periodically by actuarial assessment and fixed to that of the scheme employer, West Northamptonshire Council. The scheme was reviewed in April 2023, increasing the employer contribution rate from 16.2% to 19.6% until March 2026.
The assets of the scheme are held separately from those of the charity. Pension costs represent the contributions payable by the charity during the year.
The LGPS scheme is closed to new employees who are offered a defined contributions scheme provided by Aviva. As at 31 March 2024, 11 employees are members of the Aviva scheme.
e. Principal risks and uncertainties
The Trustees have in place a risk management process. The process identifies the types of risks the charity faces, prioritises them in terms of likelihood of occurrence and potential impact, identifies the means of managing these risks and monitors how they are managed. Development and review of the risk management arrangements are the responsibility of the Board of Trustees.
The key financial risks identified by Board during 2023-24, together with the actions taken or intended to be taken in response to these risks is as follow:
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Failure to develop commercial income through events and activity hubs and attract corporate sponsors for community;
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Reduction in Local Government budgets with funding unclear due to disaggregation and health spending redirected; and
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Loss of or reduction in Children & Young People related grant income, directly or indirectly.
Northamptonshire Sport’s response has been to:
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Maintain and improve partnership working at all levels with local public sector organisations, including but not limited to the new unitary authorities to ensure that physical activity is a key driver in improving the wellbeing of people in the county;
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Review and update stakeholder mapping and value proposition;
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Review our programmes and activities to ensure the work undertaken matches our strategic goals;
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Maintain restricted funds to mitigate losses and shortfalls; and
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Update our business plan for the 3 years to 2027.
A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of debtors and creditors balances to ensure sufficient working capital.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
f. Principal funding
Principal funding amounts for the period 2023-24 were:
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Sport England lottery and exchequer funding: £574,883
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Public Health Funding: £100,000
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Local Authority Funding: £48,048
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School Games Organiser Funding: £119,000
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Holiday Activity and Food Programme: £2,112,170
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Local Authority and NHFT Heath Commissioning: £124,798
Structure, governance and management
a. Constitution
Northamptonshire Sport is a registered charity, number 1184107, and is constituted as a Charitable Incorporated Organisation whose only voting members are its Trustees.
b. Methods of appointment or election of Trustees
Trustees are recruited by open advertisement and appointed based their skills and experience. Trustees cannot number less than 5 or more than 12 and at least 25% of Trustees must be independent as defined in the Code for Sports Governance.
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the constitution.
c. Organisational structure and decision-making policies
The day to day management of the charity is delegated by the Board of Trustees to the CEO. The Board has a number of sub groups as required consisting of Trustees, staff and, if required, external specialists, to advise the Board.
d. Policies adopted for the induction and training of Trustees
All new Trustees meet individually with the Director and Chair prior to attending their first meeting. An induction checklist has been produced which is discussed and shared with new trustees. This checklist links to all the key governing documents, policies, strategies, delivery plans and financial information. The annual training budget includes provision for training for Trustees.
Trustees have defined areas of work they act as ‘champions’ of and subsequently work more closely with officers specific to those area.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management (continued)
e. Pay policy for key management personnel
As stated in Northamptonshire Sport’s pay policy, annual pay increases are not guaranteed and are not a contractual entitlement. A broad pay banding system is in place with roles placed in Bands 1 to 5 according to core and functional competencies. A performance management process is in place for all staff with an annual calibration by managers facilitated by HR.
The performance and pay scheme for the CEO is managed by the Chair of the Board of Trustees and approved by the Nominations Committee.
f. Related party relationships
Trustees are required to disclose all relevant interests and in accordance with the charity's policy withdraw from decisions where a conflict of interest arises.
Further details of such transactions can be seen in note 22 to the financial statements.
g. Wider network
Northamptonshire Sport engages with multiple private, public and third sector partners all working together to create the systemic change necessary for active lifestyles to be part of everyone’s lives.
h. Trustees' indemnities
A Trustee may benefit from charity Trustee indemnity insurance purchased at Northamptonshire Sport's expense through Arthur J. Gallagher Insurance Brokers Ltd as detailed in the annual schedule of insurance.
Plans for future periods
An organisation-wide review of current work assessed against strategic drivers was undertaken during 2023. This strategic alignment assessment informed the new 3 year business plan that was approved by the Board of Trustees in March 2024.
Our long-term strategic vision is to “create a Northamptonshire of 2050 where an active life is innate, the norm, part of everyone’s everyday”. Our two strongest strategic drivers is ‘Uniting the Movement’, Sport England’s 10 year strategy, and ‘Move Northamptonshire’ the 5 year strategy adopted by all system partners across the county.
Our organisational purpose is to shape the system in which the visions of both ‘Uniting the Movement’ and ‘Move Northamptonshire’ can be delivered. Our own organisational Business Plan objective flows from this purpose:
“to create the systemic change necessary for active lifestyles to be part of everyone’s lives by 2028”
At the heart of the new business plan is a focus on is the ‘whole system’ that provides the conditions for active lifestyles to become innate to people living in Northamptonshire. We will therefore increase our capacity to improve our system influencing of local strategies and plans to ensure that they have active lifestyles integrated into them. This entails recognising the opportunity within the system to restructure for the improvement of active lifestyles, identifying the individuals, organisations or networks that will be required and collaborating with them to address the issue.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods (continued)
The following focus areas will inform how our work, our organisation and our resources are shaped :
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Children & Young People : working with schools, academy chains, sports clubs, communities themselves, local charities, FE Colleges, extra-curricular providers, Universities, families directly or Children’s Social Services, and joining them up in a way that benefits the child.
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Health & Wellbeing : working with Public Health, the Integrated Care System, Adult Social Care, Acute Services and Hospitals, Primary Care Networks, Social Prescribers and local charities threading active lifestyles into every aspect of the health system, primary, secondary and tertiary care.
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Communities : working with Local Authorities, the VCSE, the Police, local charities, sports clubs, local activators and residents themselves on a place-based approach. Co-designing, doing with not too, building capacity is how we can help those in greatest need access physical activity.
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Environment : working with Planning, Assets & Property Teams, Leisure Providers, Housing and the private sector on crafting an ‘Active Environment’ - indoor and outdoor, built and natural, sporting and nonsporting, green, blue and grey spaces.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditor
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
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so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and
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that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
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NORTHAMPTONSHIRE SPORT
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Cristina Taboada-Naya Chair of Trustees
Date: 17 September 2024
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NORTHAMPTONSHIRE SPORT
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTHAMPTONSHIRE SPORT
Opinion
We have audited the financial statements of Northamptonshire Sport (the 'charity') for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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NORTHAMPTONSHIRE SPORT
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTHAMPTONSHIRE SPORT (CONTINUED)
Other information
The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 14
NORTHAMPTONSHIRE SPORT
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTHAMPTONSHIRE SPORT (CONTINUED)
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the charity through discussions and from our commercial knowledge and experience of the charity, the sector in which it operates and the services it provides;
-
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Chartities Act 2011, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
-
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
tested journal entries to identify unusual transactions; and
-
verified the existence of the members and entities with which the charity has traded.
Page 15
NORTHAMPTONSHIRE SPORT
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTHAMPTONSHIRE SPORT (CONTINUED)
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation; and
-
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
Robert Anderson (Senior Statutory Auditor)
Streets Audit LLP Chartered Accountants Statutory Auditor Enterprise Centre Michael Way Warth Park Way Raunds Northamptonshire NN9 6GR
Date: 30 September 2024
Streets Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 16
NORTHAMPTONSHIRE SPORT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note Income from: Charitable activities 4 Other trading activities 5 Investments 6 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Transfers between funds 15 Net movement in funds before other recognised gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward as restated Net movement in funds Total funds carried forward |
Restricted funds 2024 £ 3,333,789 - - 3,333,789 3,175,213 3,175,213 158,576 (235,190) (76,614) (76,614) 627,168 (76,614) 550,554 |
Unrestricted funds 2024 £ 119,714 22,273 20,419 162,406 257,551 257,551 (95,145) 235,190 140,045 140,045 964,955 140,045 1,105,000 |
Total funds 2024 £ 3,453,503 22,273 20,419 3,496,195 3,432,764 3,432,764 63,431 - 63,431 63,431 1,592,123 63,431 1,655,554 |
Total funds 2023 £ 3,840,826 21,022 - |
|---|---|---|---|---|
| 3,861,848 | ||||
| 3,499,388 | ||||
| 3,499,388 | ||||
| 362,460 - |
||||
| 362,460 | ||||
| 362,460 | ||||
| 1,229,663 362,460 |
||||
| 1,592,123 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 20 to 36 form part of these financial statements.
Page 17
NORTHAMPTONSHIRE SPORT
BALANCE SHEET AS AT 31 MARCH 2024
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Net assets excluding pension asset Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
2024 £ 629,742 1,327,848 1,957,590 (338,675) |
2024 £ 36,639 36,639 1,618,915 1,655,554 1,655,554 550,554 1,105,000 1,655,554 |
2023 £ 237,639 1,570,254 1,807,893 (253,720) |
2023 £ 37,950 |
|---|---|---|---|---|
| 37,950 1,554,173 |
||||
| 1,592,123 | ||||
| 1,592,123 | ||||
| 627,168 964,955 |
||||
| 1,592,123 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Cristina Taboada-Naya Chair of Trustees
Date: 17 September 2024
The notes on pages 20 to 36 form part of these financial statements.
Page 18
NORTHAMPTONSHIRE SPORT
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 20 to 36 form part of these financial statements |
2024 £ (236,716) (5,690) (5,690) (242,406) 1,570,254 1,327,848 |
2023 £ 524,944 (7,649) (7,649) 517,295 1,052,959 1,570,254 |
|---|---|---|
Page 19
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. General information
Northamptonshire Sport is a charitable incorporated organisation incorporated in England and Wales. The registered address is Delapre Abbey, Delapre Park, London Road, Northampton, NN4 8AW.
The principal objective of the charity is set out in the Trustees’ report.
These financial statements have been prepared in sterling, which is the functional currency of the charity.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Northamptonshire 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 otherwise stated in the relevant accounting policy.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Page 20
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which 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 spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Plant and machinery | - | 10% on a straight line basis |
|---|---|---|
| Sports equipment | - | 25% on a straight line basis |
| Buildings | - | 10% on a straight line basis |
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 21
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The Charity contributes to a defined benefit pension scheme in relation to employees who have been transferred over. The ongoing liability of the scheme remains with the previous employer and the charity is only liable for the ongoing contributions set by the scheme actuary. Accordingly, this is being accounted for consistent with the defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 22
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
4. Income from charitable activities
| Sports England Funding Local Authority & Health Commissioning PE & School Sports Funding Other Grants Total 2023 |
Restricted funds 2024 Unrestricted funds 2024 £ £ 529,505 - 2,364,944 - 439,340 - - 119,714 3,333,789 119,714 3,503,415 337,411 |
Total funds 2024 £ 529,505 2,364,944 439,340 119,714 3,453,503 3,840,826 |
Total funds 2023 £ 700,844 2,363,886 441,661 334,435 |
|---|---|---|---|
| 3,840,826 | |||
5. Income from other trading activities
Income from non charitable trading activities
| Other income Total 2023 |
Restricted funds 2024 Unrestricted funds 2024 £ £ - 22,273 21,022 - |
Total funds 2024 £ 22,273 21,022 |
Total funds 2023 £ 21,022 |
|---|---|---|---|
Page 23
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. Investment income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Bank interest receivable | 20,419 | 20,419 | - |
7. Analysis of grants
| Sports England Funding Local Authority & Health Commissioning PE & School Sport Funding Other Total 2023 |
Grants to Institutions 2024 £ 110,334 1,799,240 - 6,470 1,916,044 2,028,565 |
Grants to Individuals 2024 £ 2,388 900 210 - 3,498 4,119 |
Total funds 2024 £ 112,722 1,800,140 210 6,470 1,919,542 2,032,684 |
Total funds 2023 £ 115,312 1,917,091 281 - |
|---|---|---|---|---|
| 2,032,684 | ||||
Page 24
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
7. Analysis of grants (continued)
The Charity has made the following material grants to institutions during the year:
| Name of institution Corby Sports Dimensions Ltd Freestyle Holiday Camps Ltd Genius Tuition Koala Club Northampton Leisure Trust Premier Education Pro Sport Coaching The Cube Disability Ltd Other grants to institutions |
2024 £ 104,407 113,071 75,380 - - 126,965 221,899 75,113 716,835 1,199,209 1,916,044 |
2023 £ 164,057 - - 148,818 91,164 190,839 - - |
|---|---|---|
| 594,878 1,433,687 |
||
| 2,028,565 |
The material grants listed above all relate to grants made in respect of the The Holiday Activity and Food Programme.
8. Analysis of expenditure by activities
| Sports England Funding Local Authority & Health Commissioning PE & School Sport Funding Other Total 2024 Total 2023 |
Activities undertaken directly 2024 £ 396,413 235,871 338,879 148,985 1,120,148 1,090,393 |
Grant funding of activities 2024 £ 112,722 1,800,140 210 6,470 1,919,542 2,032,684 |
Support costs 2024 £ 117,041 132,228 40,236 103,569 393,074 376,311 |
Total funds 2024 £ 626,176 2,168,239 379,325 259,024 3,432,764 3,499,388 |
Total funds 2023 £ 590,002 2,085,096 370,496 453,794 |
|---|---|---|---|---|---|
| 3,499,388 | |||||
Page 25
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Depreciation Equipment and Tools |
Sports England Funding 2024 £ 371,836 - 24,577 396,413 |
Local Authority & Health Commissio ning 2024 £ 217,736 - 18,135 235,871 |
PE & School Sports Funding 2024 £ 299,332 - 39,547 338,879 |
Other Grants 2024 £ 103,745 7,000 38,240 148,985 |
Total funds 2024 £ 992,649 7,000 120,499 1,120,148 |
Total funds 2023 £ 967,549 5,610 117,234 |
|---|---|---|---|---|---|---|
| 1,090,393 |
Page 26
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
8. Analysis of expenditure by activities (continued)
Analysis of support costs
| Subscriptions Telephone Computer costs Other professional fees Insurance Bank charges Other staff expenditure Rent Vehicle hire Catering provisions Auditors' remuneration Volunteer costs Donations |
Sports England Funding 2024 £ 3,729 1,474 30,272 50,570 13,406 42 3,938 5,181 331 1,098 7,000 - - 117,041 |
Local Authority & Health Commissio ning 2024 £ 1,437 1,528 2,437 120,215 - - 4,950 - - 1,661 - - - 132,228 |
PE & School Sports Funding 2024 £ 7,877 1,517 4,389 20,354 - - 4,286 - 1,575 238 - - - 40,236 |
Other Grants 2024 £ 8,824 708 9,355 64,751 210 2,036 2,400 7,184 2,145 4,964 - 992 - 103,569 |
Total funds 2024 £ 21,867 5,227 46,453 255,890 13,616 2,078 15,574 12,365 4,051 7,961 7,000 992 - 393,074 |
Total funds 2023 £ 17,402 5,934 15,153 245,724 12,256 794 14,082 12,315 4,027 34,192 11,250 2,767 415 |
|---|---|---|---|---|---|---|
| 376,311 |
Page 27
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
9. Governance - Auditor's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's auditor for the audit of the Charity's annual | ||
| accounts | 7,000 | 7,000 |
10. Staff costs
| Wages and salaries Social security costs Contribution to pension schemes |
2024 £ 816,602 68,349 107,698 992,649 |
2023 £ 805,944 71,107 90,498 |
|---|---|---|
| 967,549 |
The average number of persons employed by the Charity during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Average employee numbers | 29 | 30 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2024 | 2023 | ||
|---|---|---|---|
| No. | No. | ||
| In the band £60,001 | - £70,000 | 1 | 1 |
The total amount of benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the charity was £243,471 (2023: £244,949) which was payable to 4 (2023: 4) employees.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .
Page 28
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12. Tangible fixed assets
| Cost or valuation At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income |
Plant and machinery £ 887 2,576 3,463 15 263 278 3,185 872 |
Sports equipment £ 12,833 - 12,833 6,073 3,592 9,665 3,168 6,760 |
Buildings £ 36,533 3,114 39,647 6,215 3,146 9,361 30,286 30,318 2024 £ 56,515 7,413 565,814 629,742 |
Total £ 50,253 5,690 |
|
|---|---|---|---|---|---|
| 55,943 | |||||
| 12,303 7,001 |
|||||
| 19,304 | |||||
| 36,639 | |||||
| 37,950 | |||||
| 2023 £ 76,366 - 161,273 237,639 |
13. Debtors
Page 29
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
14. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods |
2024 £ 135,791 17,942 12,383 172,559 338,675 2024 £ 86,854 102,581 (86,854) 102,581 |
2023 £ 58,090 88,332 11,105 96,193 253,720 2023 £ 194,597 86,854 (194,597) 86,854 |
|---|---|---|
At the year end, the charity has received funding in advance in relation to School Sports Affiliation, commercial development, courses and events to take place during the next financial year.
Page 30
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
15. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Contingency fund General funds General funds Total Unrestricted funds Restricted funds Holiday Activity and Food Programme (HAF) i-CAN FALLS Northamptonshire Local Authority Funding PE & School Sport Sport England Other restricted funds Total Restricted funds Total of funds |
Balance at 1 April 2023 £ 897,900 67,055 964,955 1,061 34,173 53,723 - 329,191 183,103 25,917 627,168 1,592,123 |
Income £ - 162,406 162,406 2,112,066 60,000 64,798 125,580 439,340 529,505 2,500 3,333,789 3,496,195 |
Expenditure £ - (257,551) (257,551) (1,960,541) (57,087) (41,234) (109,376) (379,328) (626,132) (1,515) (3,175,213) (3,432,764) |
Transfers in/out £ (264,900) 500,090 235,190 (127,154) (5,000) (5,738) - (37,000) (35,896) (24,402) (235,190) - |
Balance at 31 March 2024 £ 633,000 |
|---|---|---|---|---|---|
| 472,000 | |||||
| 1,105,000 | |||||
| 25,432 32,086 71,549 16,204 352,203 50,580 2,500 |
|||||
| 550,554 | |||||
| 1,655,554 |
Page 31
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
15. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Contingency fund General funds General funds Total Unrestricted funds Restricted funds Active Chats Holiday Activity and Food Programme (HAF) i-CAN FALLS Northamptonshire Local Authority Funding Well Northants Barclays COVID Recovery Fund Other restricted funds Total of funds |
Balance at 1 April 2022 £ 271,792 579,776 851,568 - 240 - 44,230 253,854 58,080 561 21,130 378,095 1,229,663 |
Income £ - 337,411 337,411 29,544 2,003,670 57,880 61,293 441,661 700,844 - 229,545 3,524,437 3,861,848 |
Expenditure £ - (235,811) (235,811) (18,170) (2,002,849) (23,707) (51,800) (370,493) (560,766) - (235,792) (3,263,577) (3,499,388) |
Transfers in/out £ 626,108 (614,321) 11,787 (11,374) - - - 4,169 (15,055) (561) 11,034 (11,787) - |
Balance at 31 March 2023 £ 897,900 |
|---|---|---|---|---|---|
| 67,055 | |||||
| 964,955 | |||||
| - 1,061 34,173 53,723 329,191 183,103 - 25,917 |
|||||
| 627,168 | |||||
| 1,592,123 |
Page 32
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
15. Statement of funds (continued)
Unresticted funds:
The designated fund represents a contingency fund set aside to cover redundancy and closure costs if the charity was required to cease operations, along with contingencies for operational cashflow, pension contributions and salary costs. The designated fund is allocated for a specific purpose to be utilised in the future.
The general fund represents the free funds of the charity which are not designated for particular purposes.
Restricted funds:
Active Chats - Grant for a one-year pilot project funded by Public Health Northamptonshire that matches isolated older adults with trained ‘Active Chatters’.
Holiday Activity and Food Programme (HAF) - Government funded programme providing school holiday activity and food for school aged children from reception to year 11 (inclusive) who receive benefits-related free school meals.
i-CAN - Grants received from the NHS for 'Get Up and Go' classes which are run for mild to moderately frail individuals.
FALLS - Grant received from Public Health for FALLS provention training to instructors.
Northamptonshire Local Authority Funding - Grants received in respect of Public Health Specialist Services.
PE & School Sport - Grant received for the delivery of services and activities in schools including local school games, competitions and festivals, curriculum training and other school curriculum related activities.
Sport England - Grants are received for a number of different purposes, including volunteering, Schools Sports Partnership and the funding of school facilities and PE and School Sport.
Other restricted funds - Includes funding for Activity Hubs, Community Projects and other Local Authority funding.
Transfers:
Designated funds - Transfers of £264,901 represent an adjustment to reduce the level of reserves held in contingency. This transfer has been made directly to unrestricted funds.
General funds - Transfers of £500,191 represent a reduction in the level of designated funds held of £264,901 and core costs met by unrestricted funds of £235,190.
Restricted funds - Transfers of £235,190 represent core costs met by unrestricted funds.
Page 33
NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
16. Summary of funds
Summary of funds - current year
| Designated funds General funds Restricted funds |
Balance at 1 April 2023 £ 897,900 67,055 627,168 1,592,123 Balance at 1 April 2022 £ 271,792 579,776 378,095 1,229,663 |
Income £ - 162,406 3,333,789 3,496,195 Income £ - 337,411 3,524,437 3,861,848 |
Expenditure £ - (257,551) (3,175,213) (3,432,764) Expenditure £ - (235,811) (3,263,577) (3,499,388) |
Transfers in/out £ (264,900) 500,090 (235,190) - Transfers in/out £ 626,108 (614,321) (11,787) - |
Balance at 31 March 2024 £ 633,000 472,000 550,554 |
|---|---|---|---|---|---|
| 1,655,554 | |||||
| Balance at 31 March 2023 £ 897,900 67,055 627,168 |
|||||
| Summary of funds - prior year | |||||
| Designated funds General funds Restricted funds |
|||||
| 1,592,123 |
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2024 Unrestricted funds 2024 £ £ - 36,639 889,229 1,068,361 (338,675) - 550,554 1,105,000 |
Total funds 2024 £ 36,639 1,957,590 (338,675) |
|---|---|---|
| 1,655,554 |
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NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
18. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 19. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 20. Analysis of changes in net debt At 1 April 2023 £ Cash at bank and in hand 1,570,254 1,570,254 |
2024 £ 63,431 7,000 (392,102) 84,955 (236,716) 2024 £ 1,327,848 1,327,848 Cash flows £ (242,406) (242,406) |
2023 £ 362,460 5,609 249,456 (92,581) 524,944 2023 £ 1,570,254 1,570,254 At 31 March 2024 £ 1,327,848 1,327,848 |
|---|---|---|
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NORTHAMPTONSHIRE SPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
21. Pension commitments
The pension cost charge represents contributions payable by the charity to the funds and amounted to £107,698 (2023 - £90,498), of which £9,834 (2023 - £8,697) relates to defined pension contributions scheme and £97,864 (2023 - £81,801) relates to Local Government Pension Scheme contributions.
An amount of £12,383 (2023 - £10,985) was payable to the funds at the balance sheet date and are included in creditors.
22. Related party transactions
Steven North is Councillor for North Northamptonshire Council. Kerry Purnell is the Assistant Director - Communities and Leisure for North Northamptonshire Council.
Northamptonshire Sport received from North Northamptonshire Council as follows:
-
£2,500 (2023: £nil) - Well Northants Grant for Kingswood Hazel Leys nutrition sessions;
-
£1,032,728 (2023: £2,215,169) for the delivery of the Holiday Activity and Food Programme for North Northamptonshire;
-
£68,180 (2023: £67,680) towards core operating costs;
-
£30 (2023: £nil) for Essential Adult Safeguarding Course; and
-
£720 (2023: £nil) for Behaviour Change & Motivational Interviewing Training.
Northamptonshire Sport paid North Northamptonshire Council as follows:
-
£27,527 (2023: £39,841) for the provision of school holiday activities for the HAF programme;
-
£506 (2023: £360) for provision of sports facilities;
-
£2,941 (2023: £2,000) grant funding towards the delivery of sports activities;
-
£3,648 (2023: £nil) for the delivery of i-CAN Get Up & Go classes;
-
£1,238 (2023: £nil) for the provision of food at the Welly Trail race; and
-
£500 (2023: £500) to sponsor a category at the North Northamptonshire Sports Awards.
Steve Adams and Peter Jones were Trustees of Unity Leisure/Northampton Leisure Trust. Northamptonshire Sport paid Unity Leisure/Northampton Leisure Trust as follows:
-
£2,160 (2023: £2,160) for the delivery of payroll services;
-
£62,118 (2023: £91,164) for the provision of school holiday activities for the HAF programme;
-
£3,600 (2023: £nil) for the delivery of i-CAN Get Up & Go classes; and
-
£372 (2023: £nil) for provision of sports facilities.
Steve Adams was Trustee of Sywell Open Water Swimming. Northamptonshire Sport paid Sywell Open Water Swimming as follows:
- £5,000 (2023: £nil) set up funding grant.
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