Charity Registration Number 1196561
THE REPOSM SPORTING HOUSING TRUST
Accounts For the year ended 31 March 2025
Simpson Associates Chartered Accountants and Business Advisors
THE REPOSM SPORTING HOUSING TRUST Report and Accounts Contents
| Page | |
|---|---|
| Trustee's Annual Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 - 7 |
THE REPOSM SPORTING HOUSING TRUST Trustees' Annual Report for the year ended 31 March 2025
Charity registration number: 1196561
Structure, Governance and Management
The Charity was incorporated on the 12th November 2021.
The Charity is governed by Constitution and is constituted as a Charitable Incorporated Organisation.
Trustees were chosen depending on their ability to support the foundation through their profession.
The following persons served as Trustees for the year ended 31 March 2025:
Michael James Soper - Chairman Adrian Simpson David Doyle David Cawdery Richard Teather
Objectives and Activities
Our mission is to address the complete lack of sheltered housing for sports people who have fallen into difficulty, by raising funds to build dedicated blocks of flats available to them at an affordable rent.
This is the report of the third year of the new Charitable Incorporated Organisation, known as The Reposm Sporting Housing Trust (registration number 1196561) with exactly the same objectives as the old Trust. The Trustees had received advice, that due to the nature of the Trust’s proposed activities in providing accommodation and the potential liabilities that could arise from that, an incorporated entity would be a more suitable entity than an unincorporated trust.
From the 1st April 2022, all of the old Trust’s activities, assets and liabilities were transferred to the CIO and the old Trust ceased to operate.
Achievements and Performance
In the year to 31 March 2025, we continued to make connections with high-net-worth individuals and sponsors who are interested in helping the Charity’s objectives.
The London Sporting Club have been generous in support with an auction and charity dinners in December 2024.
This enabled us to generate and maintain funds to support current operations while we look for finance for the first project.
The Trustees are actively looking for a site that can be used for the first residences and are expecting further progress in 2026.
Financial Review
The total amount of funds held at 31 March 2025 was £37,962 (2024 £39,320), of which all was unrestricted. A deficit of £1,358 was made on incoming funds of £33,749 (2024 surplus of £18,217 on incoming funds of £57,787.
Declarations
The Trustees declare that they have approved the Trustees' report above.
Signed: Michael James Soper - Chairman Date: 5 September 2025
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THE REPOSM SPORTING HOUSING TRUST Independent Examiner's Report
Independent examiner's report to the Trustees of THE REPOSM SPORTING HOUSING TRUST
I report to the trustees on my examination of the accounts of THE REPOSM SPORTING HOUSING TRUST for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity Trustees of the THE REPOSM SPORTING HOUSING TRUST you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the THE REPOSM SPORTING HOUSING TRUST 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 examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the THE REPOSM SPORTING HOUSING TRUST as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with 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 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.
SIGNED - Timothy Moorhouse
Alum House, 5 Alum Chine Road Westbourne Bournemouth Dorset BH4 8DT
Date: 12 September 2025
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THE REPOSM SPORTING HOUSING TRUST Statement of Financial Activities for the year ended 31 March 2025
| Notes Unrestricted Restricted Total funds funds 2025 2025 2025 £ £ £ Incoming resources Donations and legacies 33,749 - 33,749 Total incoming resources 3 33,749 - 33,749 Resources expended Raising funds 34,719 - 34,719 Charitable activities - - - Other 388 - 388 Total outgoing resources 4 35,107 - 35,107 (1,358) - (1,358) Net movement in funds (1,358) - (1,358) Reconciliation of funds Total funds brought forward 39,320 - 39,320 Total funds carried forward 5 37,962 - 37,962 Net (expenditure)/income before investments |
Total 2024 £ 57,787 57,787 38,752 - 818 39,570 18,217 18,217 21,103 39,320 |
|---|---|
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THE REPOSM SPORTING HOUSING TRUST Registered Number: 1196561 Balance Sheet as at 31 March 2025
| Notes Current assets Cash and Bank Prepayments Creditors: amounts falling due within one year Total assets less current liabilities Creditors: amounts falling due after one year Net assets/(liabilities) Funds Restricted funds Unrestricted funds Funds 5 |
Unrestricted Restricted Total funds funds 2025 2025 2025 £ £ £ 37,527 - 37,527 435 435 37,962 - 37,962 - - - 37,962 - 37,962 - - - 37,962 - 37,962 - - - 37,962 - 37,962 37,962 - 37,962 |
Total 2024 £ 39,320 - 39,320 - 39,320 - 39,320 - 39,320 39,320 |
|---|---|---|
Signed on behalf of all the Trustees by:
Michael James Soper - Chairman
Approved by the board on: 5 September 2025
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THE REPOSM SPORTING HOUSING TRUST Notes to the Financial Statements for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Statement of Recommended Practice (SORP) and the Charities Act 2011. These accounts are prepared on a going concern basis.
Recognition of income
Income is recognised in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resource, when it is likely that the Trustees will receive the resource and that its monetary value can be reliably measured.
Volunteer help
The value of any voluntary help received is not included in the financial statements but is described in the Trustees' annual report as required.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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THE REPOSM SPORTING HOUSING TRUST Notes to the Financial Statements
for the year ended 31 March 2025
| 2 Employees Average number of persons employed by the charity 3 Analysis of income 2025 £ Unrestricted funds Donations and legacies Donations received 33,124 Donation from the old REPOSM - Gift Aid 625 Total income 33,749 4 Analysis of expenditure 2025 £ Unrestricted funds Expenditure on raising funds: Commission - Travel & subsistence - Consultancy fee 14,776 Advertising & IT (website) support 3,108 Event table - Cost of prizes 16,835 Auctioneer fees - 34,719 Other Insurance 388 Bank fees - 388 Total expenditure 35,107 Examiner's fees Independent examiner's fees |
2025 £ Restricted funds - - - - 2025 £ Restricted funds - - - - - - - - - - - - |
2025 Number 0 2025 £ Total 33,124 - 625 - 33,749 2025 £ Total - - 14,776 3,108 - 16,835 - 34,719 388 - 388 35,107 2025 £ - |
2024 Number 0 2024 £ Total 57,537 - 250 57,537 2024 £ Total - - 20,921 3,696 - 14,135 - 38,752 818 - 818 39,570 2024 £ |
|---|---|---|---|
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THE REPOSM SPORTING HOUSING TRUST Notes to the Financial Statements for the year ended 31 March 2025
| 5 Charity funds Unrestricted funds Total funds |
1 April 2024 £ 39,320 39,320 |
Income £ 33,749 33,749 |
Expenditure £ (35,107) (35,107) |
31 March 2025 £ 37,962 37,962 |
|---|---|---|---|---|
6 Related party transactions
There were no related party transactions during the year. None of the Trustees have received any remuneration from the Charity.
7 Other information
The THE REPOSM SPORTING HOUSING TRUST is a charitable incorporated organisation and is registered with the Charities Commission.
Its registered office is:
Reposm Sporting Housing Trust 5 Alum Chine Road Westbourne Bournemouth BH4 8DT
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