RCGISTERF.D CHARITY NUMJIER.. 1186605 REPORT OF THE TRUSTEI Ei S AND UNAUDITED fi INANCIAL STATEMENTS FOR THE YEAR ENDEI D 31 DECEMBER 2024 FOR SPORTING WEI LLNESS Blackthorns Chartered Accountants Adinii'al Ilouse Waterfront East Brierlty Hill Wesl Midlands DY5 IXG SPORTING WELLNESS CONTEI NTS OF THf. FINANCIAL STATEI MF,NTS IOR THE YEI AR ENDEI D 31 DEI CEMBEI R 2024 Page Report of the Truslees Independent Examiner's Report Slatemeiit ofFinaneiAI Aetivities Statenieiit of Financial Position Nolcs to the FinaMcial Slatemeiits 7 to 12 Detailed Siatement of Financial Activities 13 SPORTING WII LLNF,SS REPORT OF THEI TRUSTII EIS 40R THI YEI AR EI NDCD 31 DECEI MBIR 2024 The ts'ustees Present their Irport witl) the financial statements of the chai'ity for the yeai. ended 31 Decen)beJ' 2024. Tl)e Irustces have adopted the provision5 of Accounting and Reporting by C.hai'itie%'. .%iatcmcnt of Rccommcndcd Praetice applicable to charitie% pi'ei)ai'ing their accounts in accoi'd3ttce w&th the fiinancial Reporting Standard applicahle in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OIUECtIVES AND ACTIVJTIES Who we ar¢ Sporting Wellness is a registered ¢hai'ity {Fegistei'ed numbei. 1186605), and we exist to raise awarEness and pi'ovide suppori to enable p(Isitive mental health in sports people aged sixteen and above. We exist to raise funds and receive donations fol. the benefit of representative, semi-professional, and professional young sports people via oui. support system. Operational Structure The chai'ity coiitinues to operate a number of sinall sub-committees- Operations, Finance, Marketing and Fundraising. The minutes lo these Ineetings are distTibuled to the full trustee board. Th¢ irustees have introduced a formal piDto¢ol for iiems of expenditure to be agi'eed by twstees and the Finance subcoinmittee. Wliat we aim lo do By a combination of raising new moiiey and prudent 1￿C of oui. txistiiig reserves, Spoiting Wellnes5 provides personal ment&1 health support piovided by oui" Healihcai'e Provider Health AssuiEd. Athletes can i'equcst access to the support systein via a simple questionnaire and IEsponses to athlete$ Ère givcn veiy quickly. Our ￿t￿re plans are to continue to iticrease oiii. level of thnd iaising so as to continue to provide thi5 Service to an itjcreasing number of athletes across as wide a range of sport5 as POS5ible, throughout the UK and Republic of Ireland. The trustees, focus is on being a direct-to-athlete support piDvider via direct adveit15ing ￿)d selected social llicdia platfoj'ms. Public benefit The 'frLlStees have complied with th¢ dyly in Section 17{5) of the 2011 Chariti¢5 Act to have due regard to guidance piiblished by the c.harity Coinmission in respect of public bemefit and in plannillg the a¢tivities for the year, have kept ACHIF.VF,MENT AND PERfiORMANCE How we funded Dlll. aetiyities We continue to Ixise funds v5a a combinalioti of pei'sonal donations. specific fundiaisiDg activities and fundi'aising events, altliough alteimative methods of funding aimed at building a more sustainable financial inodel wei'e reseai'ched durinbF tl)e year. FENANCIAL RE4VIEW Resei'ves policy The charity continues to operate a nuinbei. of sinall sub-cominittees.. Opei'ations, FinanLe, Marketing and Fundi'aising. Minutes ofthese sub-coinmittees are disti'ibuted to the full Truste¢ meelijig foi. oversight. All material expei)dituie is approved via the finante sub-coinmittee ￿qu]i'ing sign off by hvo Tnistees, to oveiBee that the chai'ity opeixte5 always wiiliin its means. Whilst we do not have a foTmal i'es¢i'ves policy, we seek to operate thrDUEh the year with a cash rcseive in excess of £25,000, beirtg iii excess of thi'ee months. operating costs this level has been niaintained thi'oughout the year and tlirougli into 2025. We have no oveidraft facility nor financial debts. SPORTING WEI LLNE( SS RII)OI£T OF THF. TRUSTII ES FOR THE YEAR ENDfi D 31 DECIMBER 2024 FINANCIAL REVIEIW Ends Received During the year, funds received in the three main e&tegories was as follows.. Private Donaliotts 35 % Fund Raising Activities 210 BIAck Tie Ball 250/0 Universities 16V/a Gr8nt$ 3Yo How we Spcnt Our Money Diiring thc ycai., our funds were spent in the three inain ca(egories as follows.. Adniinistration 570/0 Atlilete siippoi'l 27 /0 Black Tie Ball 16Q/o Our fiutiire Fund-R*Ésiiig Plans The iiiaii8uIMI and subsequent Black-Tie Balls have pi'ovell successfiil, Benerati2ig significant fund5 to .%upplement donatLOll5 and other events. The ball has been le￿ated &s I'e¢ently as Mai¢h 2025 and i'eflecling on hugely PDSjtiYe feedback fi'om an ever-evolving pool of attendee5, we will aiin lo tnake this an aimual event going forwai'd. The revenues stsui'ced fi'om provision of bespoke Inent&l health support to young sportspeople affiliated with universities and spoiiing bodies Continues to bl'ing iiew reverhues, again Irducing reliance on donations. FUTURE PLANS Signing Coinineirial agreements with UK iiniversitie5 and spoiting bodies divei'sif1¢5 Sporting Wellness, i"evenue stIEains, wsth 120/0 of reveaues Loming from this SOUTie in the yeay, up froin zcro in 2022. Spoiting Wellness ¢oi)tinues lo develop this revenue sti'eam and the additional athlete support seivEce5 of Larter and financial planning sti'enghthen Itkat offei'ing. The charity Continued to fiirthei. ¥edu¢e it's i'elEance ot) donations by again holding a Black Tie Ball at the Wolvei'hainpton Wanders Molineux stadium. Whilst we didnt I'epeat the exceptional funds iaised of the pi'evious year, the 2024 event broadened Qui" I'eveniie stieams adding 12D/o of tolal revenues in the year and shis event has now becoille a fixture in the local social calendai.. Note- the Mairh 2025 Ball I'aised c201/bD mol'e than the piewioiis yeai. on account of a higher number of attendees- 184 vet3us 162 and with half attendees new to the event. STRUCTURE. GOVEIINANCE ANI) MANAGEMENT Goveriiiiig documeiit The charity was set up as a Chai'itable Incorporated Ol'gan￿SatIon under a Constitution dated 15 May 2019. SPORI'ING WELLIYESS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 miilCTURL COVERNANCE AND MANAGXMENT Induction And tr45￿l￿g of trustet5 At the Tjwstee nJe¢ting held on I Ith Scptcmbcr 2023, the following Th￿tS ext¢nd¢d their tem tsf appoinknejjt for a additional two )raTS- Antony Lr. REFERENCE Af4D ADMiNJSTRATIVE DRTAILS Reglsttred Charlty 1186605 PrlDclpal yddress 4 1'h¢ Appleyard Dean Str¢ei BTrwood $12ffoidshire ST199RN Trnstees AELea C Pa]mer D Mtddl¢tOD Ms Z M Smeeil JndepeMdeDt ExHmlner Blackthorns Chartered Acwwitants Admiiil House Wat¢rfront Easl Brierl¢yHill West Midlauds DY5 IXG DONATION DETAILS http$J1www.sportin8we11￿CS&0rgIdonJt IIFL i41 2ols Appmed by ord r of the board of to￿t¢¢$ oll....................... ...... ............. and si￿d on 11$ b¢half by.. AEE*a st INDII PENDENT EXAMINIR'S REPORT TO TRUSTEI Ei s ofi SPORTING WELLNEI SS, INdepeMdellt ¢xamirier's report to the truslecs of SpDrting Wellne5S I report to the charity trustee5 on my exainination of the accounls of Sporting Wellness (the I'i'ust) for the year ended 31 December 2024. Rtsponslbllitles And basis of i'¢port As the charity trust¢Cs of the Trust you are responsible foi. the prcpai'ation of the accounts in accoi'd8ftCe With the requiiements of the Charities Act 2011 Cthe Act,). I report in resw¢t of my eXa￿]natiOn of the Ti'ust's accounts cai'ried out under Section 145 of the Act aiid in catryin8 Out my examination I have followed all applicable Directsons given by the Chai'ity Commission under Section 145(511b) of the Act. Indepe1]de￿t examintr's statement I have completed niy examination. I confiiin that no material matters have come to my aitentÉon in connection with the examination giving me cause to believe that in any material rttspect: accounting records were not kept in respect of the Trust as requlled by Section 130 of the Act. OT the accounts do.not ac¢oi'd with those records,. oi. the accounts do not CDmply with the applicable ieqiiirement5 collc¢rThing the foritt and content of accounts set ou¢ in the Chai'ities (Accounts and RepoTts) Regulations 2008 othei. than any requiiement that the a¢coun15 give a tme and faii. view which is not a imatter ¢onsidei'¢d as p￿* of an independent exumination. I have no concern5 and have coine aci'oss no oth¢i' matter5 in connection with Éhe exaniinatiL)n to which attentio￿ should b¢ drawn in this report in order to enable a proper und¢￿tandIng of lh¢ accounts to be reached. Victoi'ia Biassington BA FCA BlackthoTn5 Charlei'ed Accountants Admii'al House Watci'froiit East Fji'ierley Hill Wesi Midlands DY5 IXG I l July 2025 SPORTING WELLNESS STATEMfi,NT OF fillYANCIAL ACTIVITIEf S FOR THE YEI AR ENDEI D 31 Dll CEMBCR 2024 31.12.24 Total funds 31.12.23 Total fund5 Unrestricted fuiid Restricted fund Note5 INCOME AND ENDOWMENTS FROM DonatÈons and legac2es 82,265 82,265 98,527 ExpriNDITURE ON Raising ￿lldS 54.331 54.331 58,563 Ch&rit&ble octivities Provision of therapy 19,800 19,800 24,277 Total 74,131 74,131 82.840 NET INCOME 8.134 8,134 15,687 Rf.c.ONCILIATION OF FUNDS Total funds brought forwai'd 23,904 350 24,254 8,567 TOTAL FUNDS CARRIF.D FORWARD 32,038 350 32,388 24,254 The notes foi'm part of these financial 5t8tein¢nts SPORTING WELLNESS STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 31.12.24 Total 31.1123 Total UnrutrIct#d Restrirted fun fund Notes ctJRRENT ASSWTS Debtors Cash at bamk 1,671 31.732 1,671 32,082 2,175 23329 350 33,403 330 33,753 25.504 CREDITOIiS AmouDls fal]ittg duc within one year (1,365) (1,365) 11250) r4ET CtJRRETrIT ASSETS 32.038 350 32J88 24254 TOTAL ASSETS LESS CURRENT LtABtLITILS 32,038 350 32,388 24354 14ET ASSETS 32,038 350 32,388 24.254 FUNDS Unrestricted fimds R¢strioted fLmds 31038 350 23,904 350 TOTAL Fuf4DS 32.388 24,254 5tRtcmcJts were approved by the Boatd of Tn￿e$ and 8Utborised for issue .1. . 20.2> . 2nd wEre 51gntd its bebalf by.. on AELta. Th¢ notes form part ofthese fi]Jancilll stat¢m¢nts SPORTING WELLNESS NOTEI S TO THE FINANCIAL STAT£1 MENTS FOR THEI Y[1 AR EI NDED 31 DEI CEI MBER 2024 CIO INFORMATION Sporti]]g Minds UK was i'egistcird as a Ch&Yitable Incoipoi'a(ed organisation on 26 November 2019 and is governed by a constitution dated 15 May 2019. The chai'ity 1% rcLTl%tcrcd with The Charity Commission, registei'ed number 11¥6605. The charity's principal address is 4 The Appleyai'd, DeaJ Stttet, BIEwood. Staffoiytshii'e, ST19 9EN. ACCOUNTING POLICIES Basis of preparing the finaneial statements The financi81 statements of the charity, which is a public benefit cntily ut]dei' FRS 102, have been prepaied in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitie5.' Statem¢nl of R¢coiiimended Pi(iLtire dpplicable to chai'ities preparing their accounts in accordance with the Financial Repoi'ting Standard applicable in tlIE UK and Republic of Irelatid (FRS 1021 (effective l January 2019),. Financial Reporting Standard 102 'The Financial Repoiting Standat'd applicable in the UK and Republic of ITeland' and the Charities Act 2011. The financial statements have been prepared under the historical c05t Lonvention. The finan¢ial statements are prepared in Stei'ling and al'e rounded to the nearest £1. Financial reporting st#ndArd 102- reduced disc105ure exeniptlons The charity has taken adv&ntage of the following disclosuie exen)ption in piepai'inLF these fEnancial 5taleinents, as pei"mit(ed by FRS 102 'The Finaiicial Reporting Standai'd applicable in the UK and Republic of li'clpnd,: the iequii'ements of S¢dion 7 Stateinent of Cash Flows. Income All income is iecognised in the Stateineiit of Financial Activities once the charity has entitlement to the fllnds, il is probable that thc income will be i"eceived and the amount can be measured reliably. Expenditllre Liabilities al'e iecogni5ed a5 expelldituit as soon as thei'e is a legal or ¢otJsti'uctive obligation conimitting the chai'ity to that expendituie. it is pi'obablc that a tt'a]]sfei' of econo1￿1¢ benefits will be IEquired iii settlement and the amount of the obligution can be Meas￿Ed reliably. Expenditiire is accoutlted foi. on an accruals basis and lias been Classified under headinb)5 that aggi'ega(e all Cost related to the category. Where costs cannot be directly attributed to particular headings they have beeii allocated to activities on a basis consistent with the use of resources. Taxatioii I'hE rhai'ity is exeinpt froin tax on Its chai'itable activities. Fund &eeountiiig Unrestricted funds can be used in accoi'dan¢e with the charitable objECtives at the discretion of the knistees. Resti'icted funds can only be used foy particular restricted purposes within the objects ol'the charity. Resti'icttons arise when specified by the donor ot. when fijnds are ixised foi. pai'ticular restricted PUTPOSe5. furthe¥ cxplanatiL)n of the natUlE ond pui'pose of each fund is iiicliided below.. Th¢ Fillon TrLiSt- The funds tsre provided io enable the pi'odu¢tion of ambassador publicity cainpaigns. SPORTILNG WIILLNESS NOTlf S TO THII FINANCIAL STATEMENTS - continued FOR THE YEI AR ENDEI D 31 DECII MBER 2024 ACCOUIYTJNG POLICIES- eontiiiued Pension costs and oiher p05t-retiremeJ]t benefits The ehtli.ity operates a defined conti'ibution pension scheine. Con(rEbutions payable to the chai'itys pension scheine are Charged to the Stateinent of Financial Activities in the period to whi¢h they iElate. Going Concern The trustees have, at tl)e time of approving the ffinancial statements, a Tea50nable txpectation that the chai'ity has adequate resources to continue in ciperational existence for the foreseeable ￿lu1￿, thus th¢y l)ave adopted the going concern basis of accounting in preparinLT these finatkcial siateinents. FÉnancial instrujnents Basic financial liabilitie5. including trade and other debtoi's and creditoi's, bank loans and other loans are initially reco￿)1$¢d at iransactioii price, unless the ai'rangement constittEtes a financing h'ansaciion, where the debt instrtiment Is Ineasured at the present value of the futuie receipts oi. paymeiits di5COUllted at a m&rket rate of intei'est. TRUSTEES. REMUNERATION AND BENEFII'S There wei'e no trustees, reinunei'atioii oi. other benefits for the year ended 31 Decembei. 2024 nor for the yeai. ended 31 Decembei. 2023. Trustees, expenscs Trustee expenses paid for in the year ended 3 1st Deceinber 2024 were equal to £167.271£653.30 2023) STAfi F COSTS The average Inontlily iiumber of employees diiring the year was as follows.. 31.12.24 31.12.23 'rrustees Volunteer No employees received eI￿oIUM¢nts in cxcess of £60,000. SPOIITING WELLNESS NOTES TO T14E FINANCIAL STATFMENTS - continued PIOR THE YII AR ENDED 31 DECEMBER 2024 COMPARATJVES FOR THE STATEMCI NT OF FINANCIAL ACTIVITIES Unrestricted rund RestrÉcted fujid Total funds INCOME AND ENDOWMEI NTS fiROM Donations and legacies 98,177 350 98,527 EXPEI.YDITURE ON Raising fuIids 58,563 58,563 Charit2ble activitie5 Provision of therapy 24,277 24,277 Total 82,540 82,840 NET INCOME 15,337 350 15,687 RECONCILIATION OF fiUNDS Total funds brought forward 8,567 8,567 TOTAL FUNDS CARRICI D VORWARD 23,904 350 24,254 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEIAR 31.12.24 31.12.23 Pi'epayinent5 1,671 2,175 CREDITORS: AMOUNTS FALLING DUP. WITHIN ONI YEAR 31.12.24 31.12.23 l-axation and Social security Otliei. creditQlS 15 1,350 1,250 1,365 1,250 SPORTING WELLNESS NOTLI S TO THE FINANCIAL STATlt Mfi,NTS - continucd riOR TIIE YEI AR END£4 D 31 DECEMBER 2024 MOVEMENT IN FUNDS Net movenient furtds At 31.12.24 Al 1.1.24 Unrestrieted funds General fund 23,904 8,134 32,038 Restrieted funds The Fitton Trllst 350 350 TOTAL FUNDS 24,254 8,134 32,388 Net movoment in funds, included in the above are as follows.. liicoming i'eso¥rees Resource5 expended Movement fuiid5 UNrestrieted funds Geneizl fund 82,265 174,131} 8,134 TOTAL FUNDS 82,265 (74,131) 8,134 Comparatives for Ihovement In fuiids Nel iov¢meiit in fuiid5 At 31.12.23 At 1.1.23 Uni'estricted fuNds General fund 8,567 15,337 23,904 Restricted funds The Fitton Trust 350 350 TOT AL FUNDS 8,567 15,687 24,254 10- SPORTING WEI LLNEI SS Tr40TEI S TO THI FIINANCIAL STATEMEI NTS - continued FOR THE YEI AR ENDEI D 31 Dri C£1 MBER 2024 MOVCI MINT IN FUNDS- eontiiiu¢d Compai'ative net moveinent in fuiids, ineluded in the above are as follows.. Incoming resoui'ees Rc50urces expeajded Movement iii funds Unre5tricled fuiids Gene¥al fund 98,177 (82,840) 15,337 Restricted fund5 The Fitton Tiwst 350 350 TOTAL FUNDS 98,527 {82,840) 15,687 A Current yeai. 12 months and prior year 12 nionths combined position is as follows.. Net movement iii fuiids At 31.12.24 At 1.1.23 UiJre$tri¢ted funds General fvnd 8,567 23,471 32,038 Restricted funds Tjie Fitton Trust 350 350 TOTAL FUNDS 8,567 23.821 32,388 A Ciirrent year 12 months and prior year 12 Inonths combined net movement in fynds, irtclud¢d in the above ai as follows.. Incoming resources Resources expeiided Moveinent in funds Unresti'icted funds GeEIEral fund 180,442 (156,971) 23,471 Restrieled fiiiids The Fitton Trust 350 350 TOTAL FUNDS 180,792 {156,971) 23,821 The Vitlon Tryst- The Fillon Triisl have provided gi'ants to enable the makEng of ambassadoi. films. SPORTING WII LLNESS Tr401'ES TO THE FINANCIAL STATIMEI NTS - eontinued FOR THI YEAII El NDII D 31 DEI CEMBER 2024 RELATED PAlI'fY DISCLOSURES There were no related party transactions for the y¢21' ended 31 tkcember 2024. -12- SPORTING WELLNESS DLI I'AILED SI'ATLI MLI N'l. OTr. II'INANCIAL ACTIVITIES 01£ THEI YEAR EIYIILD 31 DEI CIMBII 112024 31.12.24 31.12.23 JNCOME AND ENDOWMfi NTS l)onaliolls and legacies Donations 82,265 98,527 Total inLDn)ing resources 82,265 98.527 4XPENDITURE R#i5ing donations and Icgacies Wages Pensions Insurance Postage and stationery Siindi'ies Travel expenses Advertising ond pi'omotion Legal and pi'ofessional fees Cojnputtr and web55te costs Administi?tioll services 13,719 224 771 209 13,469 217 699 401 626 566 23,881 1,200 4,208 13,296 22.385 1,829 1,288 13,904 54 J31 58,563 CliaritabIe activitie5 Thei'apy fees 19,800 24,277 Total re50ur¢es expend¢d 74,131 82,840 Net income 8,134 15,687 'rhis page does not fonn parl of the Statutory financÉal statefftents 13-