REGISTERED CHARITY NUMBER: 1197862
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD
10 FEBRUARY 2022 TO 28 FEBRUARY 2023
FOR
IN2SPORTS CHARITABLE TRUST
Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
IN2SPORTS CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
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Page |
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Report of the Trustees |
1 |
to |
2 |
Statement of Trustees' Responsibilities |
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3 |
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Independent Examiner's Report |
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4 |
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Statement of Financial Activities |
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5 |
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Balance Sheet |
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6 |
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Notes to the Financial Statements |
7 |
to |
9 |
IN2SPORTS CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheperiod10February2022to28February 2023.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPractice applicable
tocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the CIO are, for the public benefit -
(a)thepromotionofcommunityparticipationinhealthyrecreation,inparticularbytheprovisionoffacilitiesfortheplayingof a
range of sports including cricket, football, netball, hockey and volleyball;
(b)theprovisionoffacilitiesforrecreationorotherleisuretimeoccupationfor:i)individualswhohaveneedofsuchfacilities by
reasonoftheiryouth,age,infirmityordisablement,financialhardshiporsocialandeconomiccircumstances,orii)thepublic at
large, in the interests of social welfare and with the object of improving their conditions of life.
Significant activities
Theprovisionofawidevarietyofsportsandleisureopportunitiesrangingfromcricket,football,volleyball,handball, badminton,
dodgeball, a range of martial arts, gym exercise, community workshops.
Public benefit
The trustees confirm that they have received and read the guidance in relation to the public benefit of the charity's activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
AsaSportsEnglandsportshall,theCharityhascontributedtoahealthiercommunityandimprovingpeople'slifeconditions by
deliveringawidevarietyofsportsandleisureopportunitiesinastructuredenvironment.Beneficiariesusetheenvironmentto train,
complete, and socialise by promoting sports from entry level through to the professional stage.
Deliveringsportsandleisureopportunitiesinaccordancewithourcontractualobligationsandaccessstrategyplanwehave achieved
our year one key performance targets. Both financial, and participation targets been reached.
FINANCIAL REVIEW
Financial position
TheCharityhasarecordeddeficitduetoinfrastructuresetupcostsandexpensespaidwhilsttheCharitydidnothaveitsown bank
account. Although a deficit is recorded the financial position of the Charity is secure.
Principal funding sources
Remunerationfromthesaleofsportsandleisureactivitiessuchasvolleyball,cricket,football,netball,handballandgymexercise for
the community benefit.
Investment policy and objectives
TomaintaintheCharity'scontractualobligations,accessstrategyplanandtoensurethattheCharityisadheringtoit's Governing
documents and inclusion policies.
Reserves policy
Any reserves are to be re-invested into the charity for product and service development.
Year 1 deficit due to infrastructure set up costs and expenses.
Going concern
Nouncertaintiesinrelationtothecharitycontinuingasagoingconcern.TheCharityisinasecurepositiontocontinuetodeliver in
accordance with its objectives.
Funds in deficit
Repayment of set up and infrastructure costs.
Page 1
IN2SPORTS CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
FINANCIAL REVIEW
Principal risks facing the charity
Changingtrendsanddemandsofbeneficiaries.Seasonalchangestosportsandleisureprogrammes.Risingcostsof operational
overheads.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
In2sports Charitable Trust is constituted as a Charitable Incorporated Organisation and operates under a constitution.
Organisational structure
TheCharityisGovernedbytheTrustees.Operationalstaffareappointedtoachievedeliverablessetoutbyourconstitution, access
strategyandkeyperformancetargets.TheCharityworkswithwiderangingbeneficiariesandlocalorganisationsandsports clubs
providing a vehicle for partners and stakeholders to achieve their goals for the benefit of the community.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1197862
Principal address
33 Hadlow Road
Tonbridge
Kent
TN9 1LF
Trustees
C R S Wear (appointed 10.2.22)
S D L Trujillo (appointed 10.2.22)
Z H Khan (appointed 10.2.22)
Independent Examiner
Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
Approved by order of the board of trustees on 14 June 2024 and signed on its behalf by:
C R S Wear - Trustee
Page 2
IN2SPORTS CHARITABLE TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(AccountsandReports)Regulations2008 and
theprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrue and
fairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplicationofresources,includingtheincome and
expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytimethe financial
positionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct2011,the Charity
(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsibleforsafeguardingthe assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IN2SPORTS CHARITABLE TRUST
Independent examiner's report to the trustees of In2sports Charitable Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofIn2sportsCharitableTrust(theTrust)forthe period
10 February 2022 to 28 February 2023.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirements of
the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshouldbe drawn
in this report in order to enable a proper understanding of the accounts to be reached.
S R Sampson BFP FCA FCIE DChA
Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
14 June 2024
Page 4
IN2SPORTS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
|
|
Unrestricted |
|
|
fund |
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Notes |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
Charitable activities |
|
|
Charitable activities |
|
67,205 |
Other income |
|
50 |
Total |
|
67,255 |
EXPENDITURE ON |
|
|
Charitable activities |
|
|
Charitable activities |
|
214,398 |
Other |
|
9,150 |
Total |
|
223,548 |
NET INCOME/(EXPENDITURE) |
|
(156,293) |
TOTAL FUNDS CARRIED FORWARD |
|
(156,293) |
The notes form part of these financial statements
Page 5
IN2SPORTS CHARITABLE TRUST
BALANCE SHEET 28 FEBRUARY 2023
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Unrestricted |
|
|
fund |
|
Notes |
£ |
CURRENT ASSETS |
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|
Debtors |
6 |
28,317 |
CREDITORS |
|
|
Amounts falling due within one year |
7 |
(184,610) |
NET CURRENT ASSETS/(LIABILITIES) |
|
(156,293) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
(156,293) |
NET ASSETS |
|
(156,293) |
FUNDS |
8 |
|
Unrestricted funds |
|
(156,293) |
TOTAL FUNDS |
|
(156,293) |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon14June2024andweresignedon its
behalf by:
C R S Wear - Trustee
The notes form part of these financial statements
Page 6
IN2SPORTS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
1. STATUTORY INFORMATION
In2SportsCharitableTrustisacharitableincorporatedorganisation,registeredinEnglandandWales.The charity's
registered number and principle address can be found in the Report of the Trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
withtheCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPractice applicable
tocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKand Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenprepared under
the historical cost convention.
As at the balance sheet date the charity was insolvent having experienced a large deficit during its first accounting period.
Theamountsincludedinothercreditorswererepayablewhenthecharitywasabletomeetthesedemands,thesehave been
repaid since the end of the accounting period.
TheTrustees'havenomaterialuncertaintiesinrelationtotheabilityofthecharitytocontinueasagoingconcern, these
financial statements have therefore been prepared on the going concern basis.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itis probable
that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasisover the
period of the lease.
continued...
Page 7
IN2SPORTS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
3. INDEPENDENT EXAMINERS' REMUNERATION
Fees payable to the charity's independent examiners for the independent examination of the charity's
financial statements
4.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 28 February 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 28 February 2023.
5.
STAFF COSTS
Wages and salaries
The average monthly number of employees during the period was as follows:
Charitable activities
No employees received emoluments in excess of £60,000.
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors |
28.2.23 |
28.2.23 |
28.2.23 |
|
|
|
£ |
|
|
|
|
|
|
|
1,800 |
|
|
|
|
|
|
|
£
17,041 |
|
|
|
17,041 |
|
|
|
1
£
2,153
26,164 |
|
|
|
28,317 |
|
|
|
£
255
184,355 |
|
|
|
184,610 |
continued...
Page 8
IN2SPORTS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 FEBRUARY 2022 TO 28 FEBRUARY 2023
8. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
in funds
28.2.23
£
£
(156,293)
(156,293)
(156,293)
(156,293)
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
67,255
(223,548)
(156,293)
67,255
(223,548)
(156,293) |
|
|
9. RELATED PARTY DISCLOSURES
Asatthebalancesheetdate,Trustee;MrCWearwasowed£73,278bythecharityinrelationtoexpenditurepaidon behalf
of the charity. This is included within other creditors.
Asatthebalancesheetdate,WoodWharfSportsLtdowed£26,164tothecharity.Thisisinrelationto transactions
undertakenonbehalfofthecharity.Trustee;MrCWearisadirectorandshareholderofWoodWharfSportsLtd.This is
included within other debtors.
10. GOING CONCERN
As at the balance sheet date the charity was insolvent having experienced a large deficit during its first accounting period.
Theamountsincludedinothercreditorswererepayablewhenthecharitywasabletomeetthesedemands,thesehave been
repaid since the end of the accounting period.
TheTrustees'havenomaterialuncertaintiesinrelationtotheabilityofthecharitytocontinueasagoingconcern, these
financial statements have therefore been prepared on the going concern basis.
Page 9