ACTION FOR SPORT
(A company limited by guarantee)
Trustee Annual Report and Financial Statement Year Ending 31[st] March 2023
Charity Commission Number: 1188957 Company Number: 11883782
ACTION FOR SPORT Trustee Annual Report and Financial Statement for the year ending 31 March 2023
ACTION FOR SPORT (A company limited by guarantee)
Report and Financial Statement for the Year Ending 31[st] March 2023
| Contents | Page | |
|---|---|---|
| Section 1 | Objectives and Activities | 2 - 3 |
| Section 2 | Achievements and Performance | 4 |
| Section 3 | Financial Review | 5 |
| Section 4 | Structure Governance and Management | 6 |
| Section 5 | Reference and Administrative Details | 7 |
| Section 6 | Exemptions from Disclosure | 8 |
| Section 7 | Funds Held as Custodian Trustee on Behalf of Others | 9 |
| Section 8 | Declaration | 10 |
| Appendix A Directors Financial Statement | 11 – 18 | |
| Appendix B Independent Examiner’s Report | 19 |
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SECTION 1 Objectives and Activities
Aims and Objectives
Action For Sport has three key aims and objectives:
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To promote sport
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To remove barriers to sport
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To protect the environment
These can be further explained through our work towards the achievement of the following outcomes:
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To advance amateur sport for the public benefit, in particular but not exclusively by providing sports kit and equipment to young people and adults living in poverty in the UK. Enabling participation in healthy recreational activities.
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To prevent or relieve the poverty or financial hardship of young people and adults for the public benefit, in particular but not exclusively by providing sports kit and equipment to young people and adults living in poverty in the UK. Enabling them to participate in healthy recreational activities that they could not otherwise afford.
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For the public benefit, the protection and preservation of the environment, in particular but not exclusively by the promotion of recycling and provision of recycled sports kit and equipment.
Evaluation of Aims and Objectives
Action For Sport regularly reviews our aims and objectives as part of our yearly review and reports back on the outcomes of our work. The review considers the impact of our work on our key target cohorts and considers the developments and improvements to keep the charity focussed whilst allowing for the required evolution. The key aims of the charity are cross referenced across all out projects, to ensure we continue to fulfil these objectives and our registration with the Charity Commission.
Key Projects
The charity currently runs five key projects to help us deliver our intended outcomes. All of our projects are developed to achieve the charities aims and objectives. These projects are:
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1) 'Bring Your Boots' - Collecting Sporting Footwear and Sporting Kit Many children and young people are prevented from playing sport because their families cannot afford to buy sporting footwear and kit. Action For Sport collects new and used sporting footwear to distribute to children and young people living in poverty in the UK.
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2) 'Future Stars' - Distributing Sporting Footwear and Sporting Kit Action For Sport works with schools, sports clubs and other organisations to identify children who are living in poverty. Action For Sport then works with
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these children and young people's families to ensure that they have the correct sporting footwear and kit to enable them to enjoy and participate in sport.
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3) 'Hope, Help and Heroes' - Educating the Future Generations Our education programme works with schools, colleges and other organisation to deliver the essential message around helping others. We work to educate children and young people about the effects of poverty, the benefits of sport and about their physical and mental health.
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4) ‘Action For Sport Events’ - Sporting Events with Support and Education We organise and deliver our Action For Sport Events to promote the importance and availability of sport. We offer support to those who need it and encourage others to give back. These events focus on unlocking a love for sport and life.
5) 'Support Through Sport’ Working with Targeted Individuals to Focus on Positive Choices
This programme looks to offer targeted support to individuals in need of a positive focus. The programme not only provides sporting footwear and kit, but also provides bespoke mentoring and guidance to promote positive health, lifestyles and choices.
Public Benefit
Action For Sport continues to operate in accordance with the Charities Commission guidance on public benefit. The charity continues to support the public by providing sporting footwear and kit to families living in poverty in the UK. We continue to help educate the future generations about the importance of sport and the environment. Action For Sport also work to give the public opportunities to participate in sport which otherwise they would not have. The organisation also uses sport to help young people to engage in positive lives and choices, focusing them on good choices and the right path.
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SECTION 2 Achievements and Performance
Action For Sport continue to build on our now multiyear success. At the time of this report, as of September 2023, the charity has supported 10,939 families, giving them a staggering £186,268 of sporting footwear and kit to enable them to play sport. As a result of the collection of outgrown or unwanted sporting footwear and kit, the charity has saved a massive 8.5 tonnes of material from going to landfill. The organisation has also worked hard to educate young people about our key objectives and have worked directly with 1424 young people between the ages of 4 and 18 years old.
The funding that Action For Sport has received has been used to cover the general running costs of the organisation, to cover distribution, education, events and essential staff.
The work that Action For Sport has undertaken has directly impacted on 12,926 individuals. The impact of this is immeasurable. This will have enabled these people to play sport, to be more social active, to develop new friendship groups. This will have had an impact on physical health, mental health, education and crime reduction. The impact is not only there for the individual but also there for the wider society. The work will have had will impact on societies health, community cohesion, education and crime.
Action For sport continues to increase the charities reach. We have partnered with Active Kent and Medway so that they can implement some of our projects across the Kent and Medway area of the country. This partnership allows us to drive this wider and greater success that the collaboration brings. We would like to further develop our reach with other such partners in the future.
The organisation has taken the bold step to become a truly national organisation by developing a web based approach to enable us to reach people throughout the whole of the country. This will give the whole of the UK access to our support, with the help of our commercial partners, and therefore give everyone the ability to participate in sport by removing poverty as a barrier. This new web based platform of support is due to be publicly launched in early 2024.
Action For Sport have a clear goal to build on our past success. The charity will utilise the current position to continue to grow and develop the organisation, resulting in the ability to provide more support and impact for both the individuals we support and the wider society as a whole.
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SECTION 3 Financial Review
The full Directors Financial Statement can be found in Appendix A at the end of this report and provides the full overview of the charities financial position.
Financial Information
The balance of the charity at 31[st] March 2022 was: £6,199.00
The balance of the charity at 31[st] March 2023 was: £8806.00
The income for the charity during the financial year 2022/23 was: £55,874.00
The outgoings for the charity during the financial year 2022/23 was: £55,098.00
Reserve
The charity only holds a small reserve owing to the minimal overheads of the organisation. The reserves are held to ensure the key core cost are covered for six months operations excluding consultancy costs.
The reserve amount is currently set at: £1800.00.
Financial Stability
The charity is structured to provide minimal overheads to operation and as such can rapidly increase and decrease output whilst keeping very low core costs. Action For Sport can confirm that there are no concerns as to the charity continuing as a going concern and that there is no funds in material deficit.
Funding
The charity continues to develop our funding strategy. We use a multi-source approach to securing funds to fulfil the charities projects. These sources are listed below:
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Grants
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Donations
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Corporate Sponsorship
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Licences
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Website Remuneration
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SECTION 4 Structure Governance and Management
Action For Sport is governed by the organisations Memorandum and Articles of Association and relevant policies to ensure the successful operation of the charity. Action For Sport is a registered company in England and Wales which is a company limited by guarantee.
The charity currently have three trustees who have overall responsibility for the charity. The trustees appoint the appropriate consultants, staff and volunteers to fulfil the charities operations. The organisations trustees are recruited to the charity based on their knowledge and experience. Following the identification of a suitable trustee candidate, they would be invited to present their application to the Management Committee and Senior Management Team, to allow a vote to take place as to their suitability for the role.
The charity is led by the trustees who appoint the consultant Senior Management Team to perform the day to day running of the organisation. The Senior Management Team are not employed by the charity but fulfil their roles as consultants. They seek additional guidance from the charity voluntary advisors to further help guide and steer the organisations work.
Trustees and Management Committee: Mr R Marsh Chair of Trustees Miss C Walshaw Trustee Miss C Fall Trustee
Senior Management Team: Mr C Michallat Co-Founder and Senior Consultant Mr A Kenure Co-Founder and Senior Consultant
Senior Management Team Advisors: Mr A Kendall-Jones Mr J Mason Mr A Papworth
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SECTION 5 Reference and Administrative Details
Charity Name: Action For Sport
Charity Commission Registration Number: 1188957
Company Registration Number: 11883782
Registered Office: 15 Victoria Mews Mill Field Road Cottingley Business Park Bingley BD16 1PY
Operational Address: Action For Sport Salts Hub at The Playing Fields Victoria Road Saltaire BD18 3LA
Charity Trustees: Mr R Marsh Chair of Trustees Miss C Walshaw Trustee Miss C Fall Trustee Mrs A Northfield Trustee (Resigned 22[nd] December 2023)
Corporate Trustees: None
Trustees Holding Title to Property Belonging to the Charity: None
Accountant: Bailey Wilson, Chartered Accountants
Data Validation: Bailey Wilson, Chartered Accountants
Bank: Virgin Money, 1 Westgate, Shipley BD18 3SD
Solicitor: Blacks Solicitors LLP, City Point, 29 King Street Leeds, LS1 2HL
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SECTION 6 Exemptions from Disclosure
There are no exemptions from disclosure within the report.
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SECTION 7 Funds Held as Custodian Trustee on Behalf of Others
There are no funds held as a custodian trustee on the behalf of others.
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SECTION 8 Declaration
The trustees declare that they have approved the trustees’ report.
Signed on behalf of the charity’s trustee
Robert March Chair of Trustees 15.01.24
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Appendix A Directors Financial Statement
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Appendix B Independent Examiner’s Report
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Action for Sport
Registered Number 11883782 (England and Wales)
Unaudited Financial Statements for the Year ended 31 March 2023
Action for Sport
Contents of the Financial Statements
| Company Information | 2 |
|---|---|
| Directors' Report | 3 |
| Income Statement | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 |
| Detailed Profit and Loss Account | 7 |
This page does not form part of the statutory financial statements
1
Action for Sport
Company Information
for the year from 1 April 2022 to 31 March 2023
Directors
Registered Address
Registered Number
Robert Howard Marsh Alexandra Northfield Claire Walshaw
15 Victoria Mews Mill Field Road Cottingley Business Park Bingley BD16 1PY
11883782 (England and Wales)
2
Action for Sport Directors' Report
The directors present their report and the financial statements of the company for the year ended 31 March 2023.
The directors who served during the year were as follows:
Robert Howard Marsh
Alexandra Northfield
Claire Walshaw
The report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.
By order of the board:
Robert Howard Marsh Director
2 January 2024
3
Action for Sport
Income Statement
for the year from 1 April 2022 to 31 March 2023
| Notes Turnover Cost of sales Gross profit Administrative expenses Other interest receivable and similar income Profit before taxation Profit for the year |
2023 £ 55,873 (213) |
2022 £ 41,296 (2,290) |
|---|---|---|
| 55,660 (54,885) 1 |
39,006 (32,250) 7 |
|
| 776 | 6,763 | |
| 776 | 6,763 |
4
Action for Sport
Statement of Financial Position
31 March 2023
| Notes Current assets Cash at bank and on hand Creditors amounts falling due within one year 5 Net current assets (liabilities) Total assets less current liabilities Net assets Capital and reserves Profit and loss account Reserves |
2023 £ £ 8,807 8,807 (1,831) 6,976 6,976 6,976 6,976 6,976 |
2022 £ £ 8,463 8,463 (2,264) 6,199 6,199 6,199 6,199 6,199 |
2022 £ £ 8,463 8,463 (2,264) 6,199 6,199 6,199 6,199 6,199 |
|---|---|---|---|
| 8,807 (1,831) |
8,463 (2,264) |
||
| 6,199 | |||
| 6,199 | |||
| 6,199 | |||
| 6,199 |
The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 2 January 2024, and are signed on its behalf by:
Robert Howard Marsh Director Registered Company No. 11883782
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Action for Sport
Notes to the Financial Statements for the year ended 31 March 2023
1. Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3. Accounting policies
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4. Employee information
| Average number of employees during the year Creditors within one year Other creditors Accrued liabilities and deferred income Total |
2023 0 2023 £ 1,304 527 |
2022 0 2022 £ 1,304 960 |
|---|---|---|
| 1,831 | 2,264 |
5. Creditors within one year
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6
Action for Sport
Detailed Profit and Loss Account
for the year from 1 April 2022 to 31 March 2023
| Turnover Donation income Fundraising Income Grant income Miscellaneous Income Cost of sales Direct Costs Gross profit Gross Profit Administrative expenses Accountancy Fees Computers & Software Consultancy Fees Insurance Legal Fees Printing Rent Repairs and Renewals Travelling and Subsistence Other interest receivable and similar income Bank interest received Profit/(loss) for the year Net Profit |
2023 £ 15,309 760 39,800 4 |
2022 £ 41,296 - - - |
|---|---|---|
| 55,873 213 |
41,296 2,290 |
|
| 213 55,660 |
2,290 39,006 |
|
| 55,660 540 130 50,132 825 - 45 2,210 1,003 - |
39,006 540 111 30,500 803 59 80 - - 157 |
|
| 54,885 1 |
32,250 7 |
|
| 1 776 |
7 6,763 |
|
| 776 | 6,763 |
This page does not form part of the statutory financial statements
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CHARITY COMMISSION FOR ENGLANO AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees Action for Sport On accounts for th• year ended 31st March 2023 Charlty no (If any) 1188957 Sot out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trusv,) for the year erKled 3110312023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in ac¢ordan¢e with the r8quirem8nts of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{SMb) of the Act. Independent I have completed my examination. I confim that no material matters have examinerfs statement come to my attention in connection with the examination gives me caus8 to believe that in. any material respect: the accounting records were not kept in accordance With section 130 of the Charities Act., or the a¢¢ounts did not accord with thé accounting records" or the accounts did not comply with the applicable requirements oncerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 othèr than any requirement that the accounts give a Irue and fair. view which is not a matter considered as part of an independent exatnination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper und8rstanding of the accounts to be reached. . Please delete the words in the brackets rfthey do not apply. Signèd: Date: 01¥1 December 2023 Name: Katy Lloyd Relevant professlonal qualification(s) or body {if any): ICAEW Addrèss: 15 Victoria Mews. Cottingley Business Park, Bingley BD16 1 PY