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2024-07-31-accounts

Sporting Spirit Foundation

Trustees’ Annual Report

For the Year Ended 2025

1. Charity Information

B70 0BB

Trustees:

2. Charitable Objectives

Sporting Spirit Foundation is committed to improving physical and mental well-being through sport and physical activity. The charity’s core aims are to:

3. Activities and Achievements

In the reporting year, Sporting Spirit Foundation delivered a broad range of programmes designed to meet our objectives, including:

4. Public Benefit

As required under the Charities Act 2011, the trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit. The Foundation provides:

5. Financial Review

The Foundation received funding from a mix of grants (e.g., Sport England, local authorities), donations, and earned income through commissioned services. The trustees maintain a reserves policy equal to at least three months of core operational costs to ensure sustainability.

6. Structure, Governance and Management

Sporting Spirit Foundation is governed by a board of trustees, who meet quarterly and provide strategic oversight. Day-to-day operations are managed by the CEO and staff team. The board oversees risk management, safeguarding policies, and financial controls. Trustee recruitment is skills-based and complies with Charity Commission guidance.

7. Plans for the Future

Key goals for the coming year include:

8. Trustees' Responsibility Statement

The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. The trustees confirm that:

Approved by the Board on 14/04/2025 Signed on behalf of the Trustees:

Ashley Richards Chair of Trustees Sporting Spirit Foundation

SPORTING SPIRIT FOUNDATION A REGISTER CHARITY NO 1197559

Sort Code 20-08-64 Account No 00442534 SWIFTBIC BUKBGB22 IBAN GB04 BUKB 2008 6400 4425 34 Issued on 28 March 2025

THE OFFICIALS SPORTING SPIRIT FOUNDATION 10 ANVIL WALK WEST BROMWICH B70 0BB

Your Business Current Account

At a glance

28 Feb - 27 Mar 2025

Date Description
Money out £
Money in £
Balance £
Start Balance
1.00
Direct Credit From Main Grants
19,970.00
19,971.00
Transfer to Joseph Graham
Park Life
1,987.50
17,983.50
Transfer to Opral Hanson
Park Life
2,500.00
15,483.50
Transfer to V Attwal
Park Life
2,500.00
12,983.50
Balance carried forward
12,983.50
Total Payments/Receipts
6,987.50
19,970.00
28 Feb
17 Mar
27 Mar
Start balance £1.00
Money out £6,987.50
uCommission charges £0.00
uInterest paid £0.00
Money in
End balance
£19,970.00
£12,983.50

Your deposit is eligible for protection by the Financial Services Compensation Scheme.

Anything wrong? If you notice any incorrect or unusual transactions, see the next page for how to get in touch with us.

Barclays Bank UK PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 759676). Registered in England. Registered No. 9740322. Registered Office: 1 Churchill Place, London E14 5HP.

Page 1

Sporting Spirit Foundation A Register Charity No 1197559 • Sort Code 20-08-64 • Account No 00442534

Bank of England Base Rate Information Rate effective from 06 Feb 4.500% 2025 was

Page 2

Helpful Information

Get in touch

Dispute resolution

If you have a problem with your agreement, please try to resolve it with us in the first instance. If you are not happy with the way in which we handled your complaint or the result, you may be able to complain to the Financial Ombudsman Service. If you do not take up your problem with us first you will not be entitled to complain to the Ombudsman. We can provide details of how to contact the Ombudsman.

Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.

We will issue the FSCS information sheet and exclusions list which set out in detail what is, and is not, covered by the FSCS, once a calendar year usually with your account statement.

For further information about the compensation provided by the FSCS, refer to the FSCS website at www.FSCS.org.uk.

Important information about going overdrawn without an agreed overdraft limit or exceeding your agreed overdraft limit An unarranged overdraft rate of 29.5% will apply if there is not enough money in your account(s) to make a payment and so cause an unarranged overdraft on your account(s).

What is an unarranged overdraft?

An unarranged overdraft occurs where either: a) you go overdrawn on your account without agreeing an overdraft with us first; or b) you exceed your agreed overdraft limit. c) not every Barclays product will allow you to go overdrawn or exceed your agreed overdraft limit. Please check your terms and conditions for more information. If you try to make any payment from your account and you don’t have the funds available, or if we have reasonable grounds to believe that you won’t have sufficient funds on the date that the payment will be made from your account, we will treat this as a request to make, or extend, the use of our unarranged overdraft facilities. It’s within our discretion to process the payment or return it unpaid.

What can you do to help avoid or limit an unarranged overdraft?

Get In Touch. If you become aware in advance that payments may take your account into an unarranged overdraft, please contact us as early as possible so that we can discuss the ways we could help. This will maximise the chances of us being able to: a) understand any changes in your business and explore the options available;

b) consider options for authorised borrowing facilities; c) facilitate payments being made; d) limit the costs associated with unarranged borrowing; e) address any concerns that you may have.

Register for Text Alerts. Business banking customers can register for our ‘Near Limit’ Text Alert which is designed to help you avoid going overdrawn (if you don’t have an agreed overdraft limit), or exceeding your agreed overdraft limit, by notifying you when your balance falls below a figure you specify. Once you have signed up for this Text Alert, if your account goes into an unarranged overdraft, we’ll send you a Text Alert the following working day (Monday – Friday) to let you know. By acting on this information you have the opportunity to clear your unarranged overdraft.

You can register for Text Alerts through Online Banking, in any of our branches or over the phone. Visit barclays.co.uk/business-banking/ways-to-bank/mobile-bankin g for more information. Terms and conditions apply.

Go online for more support. For useful tips to keep on top of your cashflow, helpful downloadable tools, and a simple guide to borrowing, visit barclays.co.uk/business-banking/borrow For details relating to unarranged borrowing, please refer to your banking services tariff guide.

Any reference to Bank of England Base Rate or Barclays Base Rate is the same rate. In the event that either of these rates is less than zero, the rate will be shown as zero on your statement. This does not affect our rights and obligations under our terms and conditions. If you require further information on the calculation of your interest rate, please contact us.

Interest

Interest is calculated daily on the cleared balance of your account at the close of business. We’ll let you know if interest is calculated on the statement balance rather than the cleared balance. The cleared balance includes only credits and debits that have cleared. Ask your branch or Barclays Business Team for details of clearance times and the dates when we pay or charge interest. The rates of interest shown are current at the time of printing this statement and may have changed during the period of the statement.

In accordance with UK tax legislation, from 6 April 2016 interest is paid gross. For UK resident individuals (including sole traders or partnerships), if you are a UK taxpayer you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance please refer to HMRC’s website.

The management of your tax affairs is your responsibility, including making any required declarations to the relevant tax authority(ies), where you are tax resident. If the statement shows that we have applied interest to your account, we’ll give you on request details of the rate(s) of interest used and a clear explanation of how the interest was calculated. Details of Barclays interest rates for business customers are available at barclays.co.uk/business-banking.

Any reference to Bank of England Base Rate or Barclays Base Rate is the same rate. In the event that either of these rates is less than zero, the rate will be shown as zero on your statement. This does not affect our rights and obligations under our terms and conditions. If you require further information on the calculation of your interest rate, please contact us.

Online

barclays.co.uk

On the phone

0345-717-1819

Talk to an advisor 7am - 11pm or use our 24-hour automated service

Write to us

Barclays, Leicester LE87 2BB

Your branch

161 HIGH STREET, KINGS HEATH, BIRMINGHAM, BL14 7LA

Lost and stolen cards

01604 230 230

– 24 hours

Tell us straight away if:

Call charges will apply (please check with your service provider). We may monitor or record calls for quality, security, and training

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continued Helpful Information

Using your debit card in the UK and abroad

We will charge you a 2.75% Non-Sterling Transaction Fee when making purchases, making a cash withdrawal, or when being refunded. This fee also applies whenever you do not pay in sterling, for example shopping online at a non-UK website.

As we explain in our customer terms, we calculate our exchange rate using the reference exchange rate for the Visa card scheme. In most circumstances, Visa converts transactions into sterling using the Visa Exchange Rate on the day the transaction is authorised. However for a small number of transactions the conversion may happen on the day the transaction is processed. As this may be a day or two later, the exchange rate may be different on that day. You'll find a comparison of our exchange rate for certain currencies as a mark-up against the rate published by the European Central Bank in the Barclays App or at the following website: https://www.barclays.co.uk/travel/using-debit-cardabroad/ This is updated twice a day. This may help you to decide whether you want to accept the conversion rate offered by the retailer or ATM provider or accept our rate.

International Bank Account Number (IBAN)

and Bank Identification Code (SWIFTBIC)

Your IBAN and SWIFTBIC are shown on the front of your statement. By using them you could reduce charges when receiving international payments in euros. Find out more at: business.barclays.co.uk/bb/ibanInformation.

Getting information from Barclays

We send information to Business banking customers with their statements about relevant new offers and products. If you don’t get these messages and you’d like to, or if you do and you'd rather you didn't, just call us, or come into a branch. And if you change your mind at any time, just get in touch.

You can get this in Braille, large print or audio by calling 0800 400 100 (via Text Relay if appropriate)

Barclays Bank UK PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 759676).

Registered in England. Registered No. 9740322. Registered Office: 1 Churchill Place, London E14 5HP. *To maintain a quality service, we may monitor and record phone calls. Calls to 03 numbers are charged at the same rate as calls to 01 and 02 landlines, and will count towards any inclusive minutes you may have covering calls to landline numbers. Call charges may differ, please check with your local provider.