REGISTERED CHARITY NUMBER: 1193957 Report of the Trustees and Audited Financial Stalem¢nls for the Year Ended 31 March 202S for Think Active CSW
Think Active CSW Contents of the Financial Statements for th¢ Year Ended 31 March 2025 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Statement of Financial P05itio Statemtrtt of Cash Flows Notes to the Statement of Cash Flows Notes to the Financial Statements 13 to 21 Detailed St8tenJent of Financial Activities 22 to 23
Think Active CSW Report of the Trustees for the Year Ended 31 March 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 20?5. The trustees have adopted the provisions of Accounting and Reportii)g b), Charities.. Statement of Recomn)ended Piactice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191. Tl)rouÉThout 2024-25, Think Active ha5 continued to streiigrtlien its role a5 a 5y5tein partner, adaptiiibF our work in the face of persistent challenges. including climate change, the ongoing cost-of-living crisis. and widening health and social inequalities. These issues have continued to shape people's lives across Coventry, Solihull and Wanvickshire, and they have informed our priorities, initiatives and the way we collaborate with partners. Over the past year, our con)n)iimei)t to chainpioning the role of sport and physical activity in improving health, wellbeing and corninunity connection ha5 reniaiiied uiiwavering. Guided b), our #WeTliinkActive strategy, we have continued to embed physical activity wiihin local s}'stems, deliver praciicgl support to partners, and influence positive change across the region. Our work has coniributed to more coordinaied, insight-led approaches with and for our communities, particularly those facing the eatest inequalities. We are grateful for ihe ongoing investmeni and confidence shown by Sport England and the National Loitery, w'hose support has enabled us to deepei) our impact and explore new opportui)ities. We also extend our appreciatioi) to our trustees for their leadership and stewardship, and to the whole Think Active team for their dedication, creativity, and collaborative spirit. Their collective efforts coniinue to maximise the positive difference we make for the people and places w'e serve. OIUF.CTIVF.S AND ACTIVITIES Objeetive5 and aims Think Active's objectives are for the benefit of the public. Think Active's objectives, as outliiied in our Constitution, are as follow5.. {a) an enhanced qualiry of life and sense of well-being through engagement with and participation in activities and events that bring people togeiher, leading to improvemenis in physical and emotional w'ell-being, quality of life and a more Stable and cohesive conimunity. (b} increased opportunities to engage to maximise placed (as facilities and places to be active} in new activities that bring people together. leading to ii)creased physical activity and grear social cohesion and fulfilment. (c) enhanced active citizenship and involvement in community life. an eiihanced quality of life aiid sense of well-being through engagement with aiid participation in activities and events that bring people together, leading 10 improvements in physical and emoiional M'ell-bring. quality of life and a more stsble and cohesive communiiy. 3. 19) is the increased elTiciency and effectiveness of the community and voluntary groups and organisations that use the lacilities. resulting in enhanced outcomes and service delivery and, consequently, and improved quality of life for tliose wlio benefit from the work of these ¥roup5 and orgaiiisatioiis. (bl Increased a.areneSS, knO.Iedge, and CL)nfidence around the benefits of physical activity and increasing the nutnber of champion5 and advocate5. 4. Maximising the national. local, and anecdotal data and insight that relates directly to or can inforn) our charitable attivity to support people to be more physi¢all>' active and directly support our bei)eficiaiies. The Trustees have had due regard to the Charity Commission's public benefii guidance when reviewing and deciding what activities the cl)arity should uiidertake. Tl)e trustees also state that no haTni arose froin the purposes. the beneficiarie5 are the general public aiid locally based con)munity and voluiitary organisations, aiid that i)0 private benefit arises from these purposes. Page I
Think Active CSW Report of the Trustees for the Year Ended 31 March 2025 0EcTIVEs AND ACTIVITIES DuringF 2024-2), our approach continued to be shaped by insighL evidence. and our 5y5tein-partner role. We prioritised places and communities wh¢re ing¢tivity levels are highest and where inequalities limit OppOrnitIeS to be active. Our focus remains on the groups who expeiiei)¢e the greatest barriers, including.. people with di%abilities or long-term health conditions women and girls ethnically diverse coinmunities LGBTQ4 cominunities people living in areas L)f high deprivation Building on the frameivork of our Entrepreneurial Operatintw System Vision/Traction Organiser (EOS vrro), we maintained consistent priorities: used data to inform decisioiis, removed barriers where possible: and strengthened the partnerships that make meaningful, long-temi change possible. ACHIEVEMENTS AND PERFORMANCE Charitable activities Strategic Focus for 202&25 Througl)out 2024-25. Think Active focused on deliveiing our strategic objectives and annual Rocks, ensuriiig that our ork M".as alled, measurable. and purpose-driven. WorkiiibF closely with local partners. we contiiiued to 5trengtheii the systems. environments and relationships needed 10 create l&sting impact. l. Active Societies We Continued to build a positive narrative around physical activity, using powerful local insight and stories to inspire change. Through Moving Stories and national campaigns including 'We Are Undefeaiable and 'This Girl Can" we elevated voice5 froin across the region and stren¥thened the emotional connection to being active. 2. Active Places We invested in creating the conditions for sustainable, community-led opportunities. This included supporting local club5, or¥aiiisations and voluntary groups, encoura¥in¥ active environments, and advocatin¥ for active Irdvel as part of everyday life. 3. Health We rther einbedded pl)y5ical activity lthin health and social care, ali¥nings with local ICS prioritie5 and strengtl)ening pathways between clinical and community settings. Our work supponed professionals to have more confident, informed conversaiions about movement and irs role in mental and physical health. 4. Activ¢ Systems We continued to strengthen leadership, governance and collaboraiion across all three places.. Warwicksliire.. ALtive WarwiLkshire LOTltinued to drive collective actioii and sliared priorities. Solil)ull.. Partners dernonstrated bold, values-led leadership, working together to remove barriers and expand opportunities. Covei)try'. We supported the relresh of Coveniry's physical activity strategy, aligning stakeholders behind a shared visioii and strengthening systeni coordination. These efforts reflect our vrto emphasis on clarity, alignmenL and system-wide Iraciion. S. Maximi5e Investrnent We secured new investment to support our long-terni goals and provide more stability for the system. Our charitable status coniinues to give us flexibility to access funding that benefits partners. communities and our wider ecosystem. 6. Confident, Capable, Inspirational People We investcd in devcloping pcoplc and partners-sirengthening skills, confidence and leadership. This included building capability '1th]n the health system. supporting professionals, and empowering women and girls to be more active. Our focus on developing the right p¢opl¢, in the right seats, delivering the right work remains core to our EOS approach and our long-rerni success. Page 2
Think Active CSW Report of the Trustees for the Year Ended 31 March 2025 FINANCIAL RF.VIEW Finaneial position Think Activc has maintained strong and disciplined finan¢ial stewardship throughout 2024-25, fully aligned with our VisionlTraction Organiser {VlfO) commitment to remain a resilient, well-run organisation. We continued to diversify and glow our InCtsE, se¢uiing new aiid renewed iiivestmeiit that supports delivery of our priorities across Coventry, Solihull aiid wavickSh1re. Our financial approach remains data-driven, Iranspareni and future-focused. This year, we strengthened our forecasting. improved our interiial finaiicial processes. alld used our charitable status to unlock llew funding streams that directly benefit ihe communiiies gnd systems we work with. As a result. Think Active ends the year in a stable fiiiancial positioii, with tlie capacity to 5UStain delivery, invest in our people, and pursue opportunities that advance our long-ierni vision to reduce inequalities and increase activity across the region. Reserves policy The trustees are committed to respoi)sible fii)ancial managemei)t. The budgeting, financial plant)ing, and allocation of resources are conducted with the utmost care to ensure efficient use of funds aiid sustainability- The trustees aim to achieve a balanced budget while continuing to deliver on the charity's strategy and provide vital services to the commuiiities served. OUR STRATEGIC DIRECTION Guided by our #W¢ThinkA¢¢iv¢ strategy and strengthened throiigh our EOS VisionlTraction Organiser, Think Active's strategic direction remains grounded in clear long-term goals, shared priorities, and a commitment to system leadership. Our work continues to align closely with national agendas including Government physical activity policy and Sport England's Uniiing the Movement straiegy. We stav focused on enabling local collaboraiion, building capacity, and ensuring the work we deliver is relevant, evidence•led, and rooted in what our communities need most. Across Coventry, Solihull and Warwickshire, we remain committed to shifting outcomes for the least active and those experiet)cing the greatest inequalities. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The chariry's governing do¢ument 15 a ¢onstitution, adopted on 8 April 2021, and forniglly registered with the Charity Commission on 29 March 2021. Derails of the Charitable Objec(s are available via ihe Chariry Commission websi. Think Active CSW is a Charitable Incorporated Organisation. Recruitment and appointment of new trustees The recruitnient and selection method for trustees is through open recruitment. The Board of Trustees assenibles a nominations con)mittee to formally review and interview. Subject to a preferred candidate passing Cl)arity Commission criteria. the Board of Trustees ha5 final say. There are no methods for any person or external body ro appoint to the Board of Trustees. Trustees are selected based 01) having the Iiecessary skills and expertise to coiitribute to the cliarity'5 activitie5 aiid to be able to di5chargFe their obligations as Trustees. Decision making Our Board of Trustees provides leadership and oversight to ensure Think Aciive fulfils its charitable objectives. The trustees w'ork closel}, with the Think Active tean) to ensure strong governance, financial management: ai)d strategic direction. Thi5 collaboratiot] has contributed to the ongoing success and growth of the charity. Day to day management is delegated by the Trustees to Vicky Joel, Chief Executive of Think Active CSW. Page 3
Think Active CSW Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Team and Volunteers Instrumental to the delivery of Think Active's objectives is a team of people. The securiTr of Sport England's System Partner funding has nieaiit that most of tl)e team are now on pennaneiit contracts. Whilst the Think Active HQ is the COWOTking space at l Mill Street. LeatningFton Spa. the teain operate5 iii a blended way of working that involves working from HQ. working from home. and L)ui and about to meet partners and stakeholders to meei Ihe needs of Ihe chariry. We extet]d our heartfelt thanks to our Board of Triistees, our dedicated tean), and our partner5 across the system who continue to share our commitment to tackling inaciiviry and inequality. The pro¥re55 Tnade this }'ear reflect5 the collective effort of people livin¥ our value5. working in the ri¥ht seats, and contributing to a culture of collaboration, leaming and support. Your leadership and partnership have helped us build stronger, more connected system5 that enable people to move more and live healthier, happier lives. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1193957 Principal address CIO l Mill Street Leamington Spg Warwickshire CV31 IES Trustees SBLea D K Finney P Joyner LJMHope H A Al-zubaidi S Hollingworth VCJoel Auditors Lei¥h Cliristou Ltd Chartered Certified Accountants and Staiutory Auditor Leofric House Binley Road Coventry CV3 IJN Bankers CAf Bank Ltd 25 Kings Hill Avenue West Malling Kent ME194JQ Page 4
Think Active CSW Report of the Trustees for the Year Ended 31 March 2025 STATEMENT OF TRVSTEES, RF.SPONSIBILITIES The irustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law aiid United Kiiigdom AccountinuF Standard5 (United KingFdoni Generall), Accepted Accouiitinu Practice) incliiding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland The law applicable to ¢harities in Englaiid and Wales, the Charities A¢t 2011, Charity {Ac¢ount% and Reports) Regulations 2008 and the provisions of the trust deed requires Ihe trustees 10 prepare financial stsiements for each financial year wliiLli ¥ive a true and fair view of the state of iiffairs tsf the chiirity and of the inLtsniing resourLe5 aiid application of resources, it]cluding the income and expenditure, of the charity for that period. In preparing those financial statements, the Irusiees are required 10 select suitable accounting policies and then appl}. them consistently,. observe the methods and principles in Ihe Charity SORP. Inake judgeinents and estimates that are reasonable ai)d prudent; state whether applicable accouiitin¥ standards have been followed, subject to any material departures di5c105ed and explained in the financial ststemenis. prepare the financial siaiements on the going concern basis unless it is inappropriate to presume that ihe chariry will continiie in operation. The trustees are responsible for keeping proper accounting records which disclose wilh reasonable accurac}. at any time the financial position of the Charity aiid to enable tl)em to ensure that the financial statements ¢oinpl}' with tl)e Charities Act 2a1 I, the Charity (Accounts and Reports) Rcgulations 2008 giid the provisions of the trusi deed. The}, are also responsible for safeguarding the assets of the charity and hence fL)r taking reasonable steps for the preveniilin and dtteLtioii tsf fraud and othei itreguliiritle5. Approved by order of the board of trustees on 18 December 2025 and signed on ils behalf by.. V C Joel Trustee Page 5
Report of the Indep¢nd¢nt Auditors to the Trustees of Think Aetiwe CSW Opinion We have audited the finaiicial statements of Think Active CSW (the 'charity'} for the year elided 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary. of significant accounting policies. The financial reporting framework that has been applied ii) their preparation is applicable law and United Kingdon) Accoui)ting Stai)dards (Uiiited Kingdom Gencrally Accepted Accounting Practice). including Financial Reporting Standard 102 'The Finan¢ial Reporting Siandard applicable in Ihe UK and Republic of Ireland,. In our opinioii the finaiicial 5tatenients'. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application ot resources, for the year then ended; have beet] properly prepared in accoTdaiice widi United Kingdom Geiierally Accepted Accouiitit]g Practice, including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,; and have beeli prepared in accordance with the requirement5 of the Charitie5 Act 2011. Basis for opinion We coiiducted our audit in accordance with InteTnational Standard5 on Auditing IUKI {ISAs (UK)) and applicable law. Our responsibilities under those stsndards are fijrrher described in the Auditors, responsibilities for the audit of the financial statements seciion of our report. We are independent of the charitv in accordance with the ethical requirements tliat are relevant to our audit of the fiiiancial statenieiits in the UK, includiiig the FRC'S Ethical Staiidard, and we have fulfilled our other ethical responsibilities in accordance with these reqiiirenients. We believe that the audit eviden¢e we have obiained is sufficient and appropriate ro provide a basis for our opinion. Conclusions relating to going concern In audiiing the financial StaMents, we have concluded that the trusiees. use of Ihe going concem basis of accouniing in tlie preparation of the finat]cial statement5 is appropriate. Based on the work we have perfornjed, we have not identified any material uncertainties relating io events or conditions tliat, iiidividuall), or collectively.. may cast 5igiiificaiit doubt oli the charity'5 ability to contiiiue as a goin¥ coiicern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the respon5ibilitie5 of the tru5tee5 Wlth respect to ¥oin¥ concern are described in the relevant sections of this report. Other inforfftatio The Irusiees are responsible for the LTrther informatiL)n. The other information comprises the information included in the Annual Report. other than the financial sthtements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does noi cover the other infomiation and, except to the extent othenvise explicitly stad in our report, w'e do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the oiher information and, in doing so, consider 'hether the other information is materially inconsistent M'ith the financial statements or our knO,ledge obtained in the audit or otlierwi5e appears to be aterIallY mi5Stated. If we identify such material iiicoi15iStencies or appareiit material misstateTnents, Ive are required to deterinine wliether this gives rise to a material niis5tatement in the financial siatements themselves. If, based on the work we have performed, we conclude that ihere is a material Inisstatemeiit of this other infomjation, we are required to report that fact. We have nothing to report ii) this regard. Matters on which we are required to report by exception We have nothing to report in respect of the follow'ing matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the infomiaiion given in the Report of the Trustees is inconsistent in any material respect with the financial statements: or sufficient accoiinting re¢ords hav¢ not been kept,. or the financial statements are not in agreement with the accounting records and retums: or we liave iiot received all tlie information aiid explanations we require for our iiudit. Page 6
Report of the Indep¢nd¢nt Auditors to the Trustees of Think Aetiwe CSW Responsibilities of trustees As explained more fvlly in the Statemeiit of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial stamentS which give a true and fair view, and for such intemal control as the trustees determine is i)ecessary to ei)able the preparatioi) of financial statemei)ts that are free from n)ateiial misstaten)ent, whether due to fraud or error. In piepaiing the financial stateinents, the trustees are responsible for assessing the charity's ability to Continue as a going conceTn, disclosiiig, as applicable, matters related to bFoing concern and u5in(T the going concern basis of accounting unless the trustees either intend to liquidate the charity or 10 cease operations, or have no realisiic alternative bui to do Our responsibilities for the audit of the financial statements We have been appOind as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevaiit regulatiot]s made or haviiig effect thereunder. Our objectives ale to obtain reasonable assurance about whether the financial staten)ents as a whole are free from material ini5Statement. whether due to fraud or error. and to issue a Report of the Independent Auditors tliat incliides our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will al'ayS detect a niaterial misstatement when it exists. Misstatements can arise from fraud or error and are coiisidered Inaterial if, individuallj. or iii the aggTegate, thej. could reasoiiably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures ale capable of detecting irregularities, including fiaud is detailed below.. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional sceptlC15m throu¥hout the audit. We also.. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. design and perforn) audit procedures responsive to those risks. and obtain audit evidence thai is sul'ficiei)t and appropriate to provide a basi5 for our opinion. The risk of not detectintw a material niisstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery.- inientional omissions, misrepresentations, or the override of internal control. Obiain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but nor for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of ac¢oiinting poli¢ies used and the reasonableness of a¢counting estimates and related disclosures made b}, the trustees. Conclude on the appropriateness of the trustees. us¢ of the going concern basis of accouniing and, bgsed on the audit evidence obtained, whether a material uncertainry exists related to events or conditions thai may cast significant doubt on the Lharity's ability to LOTltinut as il ¥oiii¥ conceni. If Lonclude that a niaterial UnLertdinty exists, we are required to draw attention in our auditor's report to the related disc105ures in the finaiicial staten)ents or, if such disclosures are inadequats. 10 modify our opinion. Our conclusions are based on the audit evidence obtained up to the dale of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial stateinents represei)t the ui)derl>'ing trai)sactions and events in a mai)ner that achieves fair presentation. We communicate M'ith those charged with govemance regarding, among other matters. the planned scope and timing of tlie audit aiid significant audit finding5. including any significant deficiencies in internal control thai we identify during our audii. A further description of our responsibilities for the audit of the financial stateTnents is located on the Financial Reporting Council's ebSIte at l.fre.0rg.uklaudltQr$re5ponslb1llt]es. This description form% part of our Report of the Independent Auditors. Page 7
Report of the Indep¢nd¢nt Auditors to the Trustees of Think Aetiwe CSW Use of our report This report is made solely to the charity's trustees, as a body. in accordance NTrith Part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we mighi state to the charitv's trustees those Inatters we are iequired to state to then) in an auditors, report and for no other purpose. To the lullest extent peimitted by law, M".e do not accept or assume responsibility to anyone other than th¢ charity and the charity's trusiees as a body, for our audii work, for this report. or for Ihe opinions 'e have formed. Leigh Cl)ristou Ltd Chartered Certified Accountants and Statutory Auditor Leofric House Binley Road Coventry CV3 IJN 18 December 2025 Page 8
Think Active CSW Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds unrestrlcd funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities General Sport England - System Partner Sport Englgnd - Delivery Partner Sport England - Mowing Commui)ities Sport England - Sports Welfare Officers West Midlands Virtual Sth(iols Coventry & WaiCkShlre MIND Opening School Facilities 18,794 18,794 399,564 92,088 316,071 549.745 121,531 26.400 399.564 92,088 66J74 10,000 66,374 10,000 7,877 19,977 26.248 26249 26,249 Other trading activities Iiive5tmeiit ITiLonie 19,513 12,683 5,000 9,774 12,683 Total SO,990 594275 645.265 1,082.623 EXPENDITURE ON Charitable activities General Sport England - System Partner Sport Englaiid Delivery Partner Sport England - Moving Communities Sport England - Sports Welfare Officers Coventry & Warwickshire MIND Opening School Facilities 2,670 2,670 398,320 96,884 120,458 41 i.866 398J20 96,884 26.400 17,846 17,846 13,337 10,692 10,692 Other 74,410 74,411 277,737 Total 2.671 598,152 600,823 851.798 NET INCOMEI(EXPENDITURE) 48J19 (3,877) 44,442 230,825 RECONCILIATION OF Fuf44DS Total funds broughi lorward 657.485 108.932 706,417 535,592 TOTAL FUNDS CARRIED FORWARD 705,804 105,055 810,859 766.417 The notes fortn part of these financial ststemeiits Page 9
Think Active CSW Statenient of Financial Position 31 March 2025 31.3.25 Total funds 31.3.24 Total funds unrestrlcd funds Restricted funds Notes FIXED ASSETS Tangible assets 12 8,010 8,010 6,541 CURRENT ASSETS Stocks Debtors Casl) at bank 13 14 14,900 4,472 789,680 722,883 105,055 827,938 728,154 105,055 833,209 809.052 CREDITORS Amounis falling du¢ within one year 15 (30J60) (30,360) 149,176) NET CURREIYT ASSETS 697.794 105.055 802,849 759,876 TOTAL ASSETS LESS CURRENT LIABILITIES 705,804 105,055 810,859 766,417 NET ASSETS 705.804 105.055 810,859 766.417 FUNDS Unrestricted funds.. General fund De5i¥nated Funds 16 374,653 331,151 326,334 331,151 705,804 657,485 Restricted ndS.. Sport England Funding 105,055 108,932 TOTAL FUNDS 810,859 766,417 The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2025 and were signed on its behalf by.. V C Joel Trustee The notes fortn part of these financial ststemeiits Page 10
Think Active CSW Statement of Cash Flow5 for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Casl) generated from operations 29,714 60,285 Net cash provided by operating activities 29,714 60,285 Cash flows from inwesting activities Purcliase of taniTible fixed assets Interest received (4,139) 12,683 {5.269} 9,774 Nei cash provided by investing activities 8,544 4,505 Change in cash and cash equivalents i the reporting period Cash and cash equivalents at the beginning of the reporting period 38,258 64.790 789,680 724.890 Cash and cash equivalents at the end of the reporting period 827,938 789,680 The t)otes fomi part of these fii)ancial statements Pagell
Think Active CSW Notes to the Statement of Cash Flow5 for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Nct income for the reporting ptriod (as per the Statement of Finaneial Activities) Adjustments for- Depreciation charges Interest received Decrease in stocks (Ii)crease}/decrease in debtors Decrease in creditors 44,442 230,825 2,670 (12,683> 14,900 {799> (18,816} 1,808 {9.774} 118.650 176,789 (458,013} Nel cash provided by oper8tion5 29,714 60,285 NALYSIS OF CHANCES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 P4et cash Cash at bank 789,680 38,258 827,938 789,680 38,258 827,938 Total 789,680 38,258 827,938 The t)otes fomi part of these fii)ancial statements Page 12
Think Active CSW Note5 to the Financial Statement5 for the Year Ended 31 March 2025 STATUTORY INFORMATION Think Active CSW 15 a charitable incorporated orgaiiisation ICIOI registered in England and Wales. The charity is registered with the Charity Commission, charity number 1193957. The presentation currency of the financial statements is the Pound Sterling 1£). The charity is a public benefit entity. ACCOUNTING POLICIES Basis of preparing the financial staternents The financial staiements of the charity, which is a public benefit entity under FRS 102, have been prepared in acLordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Staien)ent of Recommended Practice applicable to charities prcparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),: Finai)cial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fiiiancial 5taten)ents have been prepared under the historical cost convention. Ineorne All income is recognised in rhe Statemeni of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and ihe an)ouni cai) be measured reliably. Where the ¢hariry receives donated goods, facilities, or services, income is recognised where the fgir value or value to the chariry of the doi)aied item Can be measured reliably. Expenditure Liabilities are recogi)ised as expendilure as soon as there is a legal or coi)structive obligaiioii con)milting tl)e charity to that expenditiire. it is probable that a transfer of econoinic benefits will be requircd in settlcmcnt and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Wl)ere costs cai)not be directly attributed to particular headingF5 they have beeii allocated to activities on a basis con5lStent with the use of resources. Grant5 offered subject to conditions which have not beeii met at the year end date are noted as a cornmittnent but not accrued as expenditure. Tangible fixed a55ets Depreciation is provided at the flillowing annual rates in order 10 wriie off each asset over its estimated useful Computer equipment 250/0 on reducing balance Stock5 Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from tax on its charitable activities. Fund aeeounting Ut]restricted funds can be used in accordance with the charitable objectives at the discretion of the trllstees. Restricted fui)ds cali only be used for particular restricted purposes within the objects of the charity. Restrictioi)s arise when Specified by the doiior or when fviids are raised for particular restricted purposes. Further explanation of the nature and purpose L)f each fund is included in Ihe notes io the financial statements. Page 13 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Pension costs 2nd other post-r¢tir¢ment ben¢fils The chariry operates a defined contribution pension scheme. Contributions pa}'able to the charitys pension scheine ale charged to the Statemeiit of Fiiiancial Activities in the period to which they relate. Donated goods The Lharity records goods received as a doiiation M'here the fair value of such items cali be measured reliably. Such items will be distributed to individuals and organisations in line wilh the charity's objectives. The fair value of secoiid-hand items received uiider the 'Wear and Share" Scheme cannot be measuTed reliably. As such, the income and stock are not quantified in the financial statements. OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Saleslservices 19,513 5,000 INVESTMENT INCOME 31.3.2S 31.3.24 Deposit account interest 12,683 9,774 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity General Sport F.ngland- System Partner Sport En¥land- Delivery Partner Sport England- Moving Communities Sport En¥land- Sport5 Welfare Officer5 West Midlands Virtual Scliools Coventry & Warwickghire MIND Opening School Facilities PrtsjeLt funding received Grants Grants Grgnts Grant5 Grgnts Grants Project fijnding received 18,794 399,564 92,088 316,071 549.745 121,531 26.400 66,374 10,000 7.877 19,977 ?6.948 26,249 613,069 1,067.849 CHARITABLE ACTIVITIES COSTS Support costs (see nots 8) Genergl Sport Ei)gland- System Partner Spon England- Delivery Partner Sport Ei)gland- Sports Welfare Officers Opening School Facilities 2,670 398,320 96,884 17,846 10,692 526,412 Page 14 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 GRANTS PAYABLE 31.3.25 31.3.24 General Spon England- Moving Communities Coveiitry & WarwiLk5hire MIND 18,650 26,400 13.337 158.387 The toial grants paid to instiiutions during the year was as follows.. 31.3.25 31.3.24 4Global Consulting LiTnited ITB TT Foundation 26.400 13,337 39,737 SUPPORT COSTS Governance costs Managemei)t Finance Other Totals General Sport Ei)gland- Systen) Partner Sport England - Delivery Partner Spon England- Sports Welfdre OffiLers Opening S¢hool Facilities 2.670 2,670 311,334 65,392 21,506 398,320 96,884 96,884 17,846 10,692 17,846 10,692 436,7S6 68,062 21,506 S26,412 Siipport costs, included in the above, are as follows.. Sport England- System Partner Sport England- Delivery Partner General Trustees, remuneration etc Wages Social security Pensions Advertising Bank charges Insurance Telephone PostagFe and stationery Sundries Rent and rates Computer costs Subscriptions 86,526 174,113 18,477 14,778 17,440 88 3,842 6,072 609 6,017 22,576 10,196 3,443 96,884 caled fotiward 364,177 96,884 Page 15 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 SUPPORT COSTS- Continued Sport EngFland- System Partner Sport EiibFland Dclivery Partner General Brought forw'ard Tr(Ivel aiid Subsistence Meeting room hire Depreciation of tangible fixed assets Auditors, remuiieration Accountanc>' and legal fees Professional fees 364,177 4,629 8,008 96,884 2,670 12,000 1,760 7,746 2,670 398,320 96,884 31.3.25 31.3.24 Sport England- Spons Welfare OITicers Opening School Total activities Total Trustees, remuneration etc Wages Social securiry Pensions Advertising Bank charges Insurance Telephone Postage and stationery Sundries Rent and rates Computer costs Siibscriptions Travel and subsiSnCe MeetiiigF room hiTe Depreciaiion ol'iangible fixed assets Auditors, remuneration Accountancy and legal fees Professional fees 86,526 299,535 18,477 14,778 17,44 88 3,842 6,072 609 6,017 22,576 10,196 3,443 4,629 8,008 2,670 12,000 1,760 7,746 79,326 233,136 13,674 13,446 5,945 60 3,267 4,812 278 4,217 18,537 9,932 3,354 3,138 6,254 1,808 7,099 1,610 5,781 17,846 10,692 17,846 10,692 526,412 415,674 Page 16 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFITS Oiie trustee received ren)uiieration of £71,400 (2024.. £65,074) during the year. The trnstee also benefited from a Group Life Assurance polic),, with ¢ov¢rage at four times salary, paid by the charity. There were no other benefits received by trustees for the )ieai ended 31 March 2025 nor for tl)e year ended 31 March 2024. Trustees, expenses Trustees, expei)ses of £29412024.. £141 I were paid during the year. io. STAFF COSTS One of the charity's employees received totsl emplo)Thent benefits of £60,000 or more in the financial period. l employee {2024'. 1 employee) was paid between £60,000-£70,000 durii)g the year. The average monihly number of employees during the year was as follows.. 31.3.2S 31.3.24 Managemeni Administrative 12 13 10 No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds R¢stricted funds Total funds INCOMF. AND F.NDOWMENTS FROM Charitable #ctivities Genergl Sport England- System Partner Sport Eii¥land- Delivery Partiier Sport Englaiid- Moving ComTnunities West Midlands Virtual Schools Coventry & Warwickshire MIND Opening School Facilities 232,654 83,417 549,745 121.531 26,400 7,877 19.977 26,248 316,071 549,745 121,531 26,400 7,877 19.977 26,248 Other tradii)g activities Investment incorne 5,000 9.774 5,000 9.774 Total 247,428 835,195 1,082.623 EXPENDITURE ON Charitable activities General Sport Englaiid- System Partner Spon England- Moving Communities Coventry & Warwickshire MIND 120,458 120.458 413,866 26,400 l i.337 413,866 26,400 Other 3,847 273,890 277,737 Total 124,305 727,493 851,798 Page 17 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted funds funds Total funds r4ET IIYCOME 123,123 107,702 230,825 RECOP4CILIATION OF FUNDS Total fund5 brought forward As previousl) reported Prior year adjusiment 400,812 133,550 1,230 402,042 13i,550 AS restated 534,362 1,230 535,592 TOTAL FUNDS CARRIED FORWARD 657.485 108,932 766.417 12. TANGIBLE FIXED ASSETS Computer equipment COST At l April 2024 Additior15 9,102 4,139 At 31 March 2025 13,241 DEPRECIATION At l April 2024 Charge for year 2,561 2,670 At 31 March 2025 5,231 NET BOOK VALUE At 31 Maich 2025 8,010 At 31 March 2024 6.541 13. STOCKS 31.3.25 31.3.24 Finished goods 14.900 Stock relates to new (obsolete branding} sportswear received from a major sporting or¥anisation January 2023. The charity held this as stock, and distributed the sportswear 10 local sports clubs and individuals in line with the charity's objectives. The charity also holds stock of second-hand activewear. under the 'Wear and Share" scheme. The charity collects aciivewear from organisations, groups. clubs, and individuals to create Wear and Share kit bags. These kit bags are distributed to iiidividiials aiid organisation5 'here affordability of suitsble clothin(T is a baler to individuals becoming more active. Page 18 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 13. STOCKS- continued As the fair value of such second-hand donated items under the "Wear and Share" scheme cannot be measured reliably, the in¢ome and stock value are not quantified in Ih¢ financial ststements. 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Prepa)wments 5,271 4,472 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other taxes Other creditOTS Accruals and deferred income 8,717 8,739 3,004 9,900 33.665 6.838 2,673 6.000 30,360 49,176 16. MOVEMENT IN FUNDS Net movement in funds Ar 31.3.25 At 1.4.24 Unrtstrieted funds General fund Designated Funds 326,334 331,151 48,319 374,653 331,151 657,485 48,319 705,804 Restricted funds Sport Ei)gland Funding 108,932 (3,877) 105,055 TOTAL FUNDS 766,417 44,442 810,859 Net tnovemeiit in funds. 11)cluded in the above are as follows.. Incoming resources Resources expended Movement in fiinds Unrestricted funds Genergl fvnd 50,990 (2,671) 48,319 Restricted funds Restricted Fund Sport England Funding 36,249 558,026 (36,249) (561,903) {3,877) 594,27S (598,152) {3,877) TOTAL FUNDS 645,26S (600,823) 44,442 Page 19 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- Continued CompAratives for movement in fund$ Prior year adjustment Net movement in funds Tiansfers betweeii funds At 31.3.24 Ai 1.4.23 Unrestri¢t¢d funds General fund Designated Funds 18.812 382,000 133.550 123.123 50.849 {50,8491 326.334 331,151 400.812 133,550 123.123 657.485 Restricted funds Restricted Fund Sport England Funding 1,230 (1,230) 108,932 108.932 1,230 107,702 108.932 TOTAL FUNDS 402,042 133,550 230,825 766,417 Comparative net niovenient in funds, included in tl)e above are as follows.. Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 247,428 1124,3051 123,123 Restrieted funds Restricted Fund Spon England Funding 137,519 697,676 1138,7491 1588,7441 (1,230) 108.932 835,195 (727,493) 107,702 TOTAL FUNDS 1.082,623 1851,7981 230,825 Designated funds The income funds of the charity include a designated fund which has been set aside out of unrestricted funds by Ihe trusiees for specific purposes.. Coiitinuity fund Restructurin£ nd Dissolution fund Page 20 CL)niinued...
Think Active CSW Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 RELATED PARTY DISCLOSURES During the year, the charity paid £0 (2024.. £13,337) to ITB Tr Foundation. V C Joel (Trustee) is a trustee of thi5 harity- V C Joel (Trustee) is also a Trustee of Active Partnerships, a nationwide n)ovement, physical activity and sport network. Think Active CSW is one of a network of 42 local organi5ations that Active Partnerships works with. For niajor fundiiig projects, Active Partnerships acts as the lead organisatioii of their iietwork. Thi5 includes funding for Sport England, and the Department of Education's Openit]g School Facilities (OSF) progranllne. The Board were aware ol. the potential conllict of interest due to soine fundii)g being allocated by Active Partnerships, and V C Joel beintw Trustee of both charities. All transactions with Active Partnerships are subject to approv81 by the Board of Trustees. 18. AUDIT LIABILITY LIMITATION AGREEMENT Auditor liability is limited to a maxin)uin of 25 time the fee relating to the audit engagement. The tnjstees approved thc agreement on 21 March 2025. 19. MEMBERSHIP OF THE CIO The charity is registered as a charitable incorporate organisation under the foundation model, as set out in its Constitutioii. The only voting members of the CIO are the charity trustees. The only persons eligible to be members Lif the CIO are its charity tru5tee5. Any member and charity trustee who ceased to be a charity trustee automatically ceases to be a member of the cio. Page21
Think Active CSW Detailed Statement of Financial Aetivitie5 for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Other trading actiTrities Sale%/services 19,513 5,000 Inve5tmetLt income Deposit account interest 12.683 9,774 Charitable activities Grants Project funding received 568,026 45,043 725,530 342,3 19 613,069 1,067,849 Total ineoming rtsourets 645265 1,082,62i EXPENDITURE Charitable activities Grants to institutions Grants to individuals 39,737 118,650 158,387 Other Cost of delivering services 74,411 277,737 Support costs Managenient Trustees. salaries Tru5tees' social security Trustees. pensilin contribuiilins Wages Social security Pensioiis Advertising 71,400 8,082 7.044 299,535 18.477 14,778 17.440 65,074 7,208 7,044 233,136 13,674 13,446 5,945 436,756 345,527 Finance Bank charges 88 60 Other Insurance Telephone Postagje and stationery Sundries Rent aiid rates Carried forward 3,842 6,072 609 6,017 22,576 39,116 3,267 4,812 278 4,217 18,537 Tl)is page does not forn) part of the statutory financial statements Page 22
Think Active CSW Detailed Statement of Financial Aetivitie5 for the Year Ended 31 March 2025 31.3.25 31.3.24 Other Brought forwgrd Compuier costs Subscriptions Trnvel and subsistence Meeting room hire Computer equipment 39,116 10.196 3,443 4,629 8,008 2.670 9,932 3,354 3,li8 6,254 1,808 68,062 55,597 Goi'ernance costs Auditors, remuneration Accoiintancy and legal fees Professional fees 12.000 ,760 7.746 7,099 1,610 5,781 21,500 14,490 Total resources expended 600,823 851,798 Net income 44,442 230,825 Tl)is page does not forn) part of the statutory financial statements Page 23