``` 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 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`2`| |**`Statement of Trustees' Responsibilities`**||`3`|| |**`Independent Examiner's Report`**||`4`|| |**`Statement of Financial Activities`**||`5`|| |**`Balance Sheet`**||`6`|| |**`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;` - `observe the methods and principles in the Charity SORP;` - `make judgements and estimates that are reasonable and prudent;` - `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`| ||`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`** |||`Unrestricted`| |---|---|---| |||`fund`| ||`Notes`|`£`| |**`CURRENT ASSETS`**||| |`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 ```