ACTION FOR SPORT
(A company limited by guarantee)
Trustee Annual Report and Financial Statement Year Ending 31[st] March 2024
Charity Commission Number: 1188957 Company Number: 11883782
ACTION FOR SPORT Trustee Annual Report and Financial Statement for the year ending 31 March 2024
ACTION FOR SPORT (A company limited by guarantee)
Report and Financial Statement for the Year Ending 31[st] March 2024
| Contents | Page | |
|---|---|---|
| Section 1 | Objectives and Activities | 2 - 3 |
| Section 2 | Achievements and Performance | 4 |
| Section 3 | Financial Review | 5 - 6 |
| Section 4 | Structure Governance and Management | 7 |
| Section 5 | Reference and Administrative Details | 8 |
| Section 6 | Exemptions from Disclosure | 9 |
| Section 7 | Funds Held as Custodian Trustee on Behalf of Others | 10 |
| Section 8 | Declaration | 11 |
| Appendix A Directors Financial Statement | 12 - 19 | |
| Appendix B Independent Examiner’s Report | 20 |
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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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To provide mentoring support and guidance for the public benefit, to young people and adults regarding the promotion and impact of sports on a positive and healthy lifestyle, for the benefit of both the individual and the wider community.
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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 six 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:
- 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 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.
3) '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.
- 4) 'Hope, Help and Heroes' - Educating the Future Generations Our education programme works with schools, colleges and other organisations 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.
5) 'Action For Sport Junior Committee' – Bringing Action For Sport to the Next Generation
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This programme is delivered in individual schools and led by key students and supporting staff within these schools. They run their own programmes based around the core values of Action for Sport and work to promote and support the wider charity by their actions.
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6) '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.
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.
3 | P a g e
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 2024, the charity has supported 10,700 families, giving them a staggering £291,428 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 5.56 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. Action For Sport’s specialist mentoring and positive guidance programme has actively engaged and supported 220 young people between the ages of 11 and 18.
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 12,344 individuals. The impact of this is immeasurable. This will have enabled these people to play sport, to be more socially active, and 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 an impact on societies health, community cohesion, education and crime.
Action For sport continues to increase the charities reach. We have partnered with organisations across the United Kingdom, so that they can implement some of our projects across multiple regions 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 platform of support to enable us to reach people throughout the whole of the country. This will give the whole of the United Kingdom 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.
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.
4 | P a g e
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 2023 was: £8806.00
The balance of the charity at 31[st] March 2024 was: £44,684.00
The income for the charity during the financial year 2022/23 was: £55,874.00
The income for the charity during the financial year 2023/24 was: £91,754.00
The outgoings for the charity during the financial year 2022/23 was: £55,098.00
The outgoings for the charity during the financial year 2023/24 was: £56,040.00
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 costs are covered for six months operations excluding consultancy costs.
The reserve amount is currently set at: £2400.00.
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 are no funds in material deficit.
5 | P a g e
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
6 | P a g e
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 four 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 Mr A Papworth Trustee
Senior Management Team: Mr A Kenure Co-Founder and Senior Consultant Mr C Michallat Co-Founder and Senior Consultant
Senior Management Team Advisors: Mr J Mason Mr A Kendall-Jones
7 | P a g e
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 Mr A Papworth Trustee
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
8 | P a g e
SECTION 6 Exemptions from Disclosure
There are no exemptions from disclosure within the report.
9 | P a g e
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.
10 | P a g e
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 06.01.25
11 | P a g e
Appendix A Directors Financial Statement
12 | P a g e
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Appendix B Independent Examiner’s Report
20 | P a g e
Action for Sport
Registered Number 11883782 (England and Wales)
Amended Unaudited Financial Statements for the Year ended 31 March 2024
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 2023 to 31 March 2024
Directors
Registered Address
Registered Number
Catherine Louise Fall Robert Howard Marsh 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 2024.
The directors who served during the year were as follows:
Catherine Louise Fall
Robert Howard Marsh
Claire Walshaw
Alexandra Northfield (Resigned 22 December 2023)
Small companies regime
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
4 December 2024
3
Action for Sport
Income Statement
for the year from 1 April 2023 to 31 March 2024
| Notes Turnover Cost of sales Gross profit Administrative expenses Other interest receivable and similar income Interest payable and similar charges Profit before taxation Profit for the year |
2024 £ 91,753 (168) |
2023 £ 55,873 (213) |
|---|---|---|
| 91,585 (55,863) 1 (9) |
55,660 (54,885) 1 - |
|
| 35,714 | 776 | |
| 35,714 | 776 |
4
Action for Sport
Statement of Financial Position
31 March 2024
| Notes Current assets Cash at bank and on hand Creditors amounts falling due within one year 3 Net current assets (liabilities) Total assets less current liabilities Net assets Capital and reserves Profit and loss account Reserves |
2024 £ £ 44,685 44,685 (1,994) 42,691 42,691 42,691 42,691 42,691 |
2023 £ £ 8,807 8,807 (1,831) 6,976 6,976 6,976 6,976 6,976 |
2023 £ £ 8,807 8,807 (1,831) 6,976 6,976 6,976 6,976 6,976 |
|---|---|---|---|
| 44,685 (1,994) |
8,807 (1,831) |
||
| 6,976 | |||
| 6,976 | |||
| 6,976 | |||
| 6,976 |
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 under section 444 (5A) Companies Act 2006.
The financial statements were approved and authorised for issue by the Board of Directors on 4 December 2024, and are signed on its behalf by:
Robert Howard Marsh Director Registered Company No. 11883782
5
Action for Sport
Notes to the Financial Statements
for the year ended 31 March 2024
1. Accounting policies
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.
Statement of compliance
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.
Revenue from sale of goods
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
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.
2. Average number of employees
| Average number of employees during the year 3. Creditors: amounts due within one year Other creditors Accrued liabilities and deferred income Total |
2024 0 2024 £ 1,304 690 |
2023 0 2023 £ 1,304 527 |
|---|---|---|
| 1,994 | 1,831 |
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 2023 to 31 March 2024
| 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 Printing Rent & Storage Costs Repairs and Renewals Other interest receivable and similar income Bank interest received Interest payable and similar charges Bank Charges Profit for the year Net Profit |
2024 £ 25,833 - 65,920 - |
2023 £ 15,309 760 39,800 4 |
|---|---|---|
| 91,753 168 |
55,873 213 |
|
| 168 91,585 |
213 55,660 |
|
| 91,585 776 7,319 42,034 840 - 4,470 424 |
55,660 540 130 50,132 825 45 2,210 1,003 |
|
| 55,863 1 |
54,885 1 |
|
| 1 9 |
1 - |
|
| 9 35,714 |
- 776 |
|
| 35,714 | 776 |
This page does not form part of the statutory financial statements
7
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees Charity Name Action for Sport On accounts for the year 31[st] March 2024 Charity no 1188957 ended (if any) Set out on pages 1 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements 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 carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns 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 understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
Date: | 19thDecember 2024 |
|---|---|---|
| Emma Wilson BFP FCA | ||
| ICAEW – member number 8907316 | ||
| 15 Victoria Mews, Cottingley Business Park, Bingley BD16 1PY | ||
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .