```
REGISTERED CHARITY NUMBER: 1197862
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
```
## **`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 YEAR ENDED 29 FEBRUARY 2024
```
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`2`|
|**`Independent Examiner's Report`**||`3`||
|**`Statement of Financial Activities`**||`4`||
|**`Balance Sheet`**||`5`||
|**`Notes to the Financial Statements`**|`6`|`to`|`9`|
```
IN2SPORTS CHARITABLE TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended29February2024. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic 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,inparticularbytheprovisionoffacilitiesfor the
playing of a range of sports including cricket, football, netball, hockey and volleyball;
```
```
(b)theprovisionoffacilitiesforrecreationorotherleisuretimeoccupationfor:i)individualswhohaveneedof such
facilitiesbyreasonoftheiryouth,age,infirmityordisablement,financialhardshiporsocialandeconomic circumstances,
or ii) the public 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`**
```
Thetrusteesconfirmthattheyhavereceivedandreadtheguidanceinrelationtothepublicbenefitofthe charity's
activities.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
AsaSportsEnglandsportshall,theCharityhascontributedtoahealthiercommunityandimprovingpeople's life
conditionsbydeliveringawidevarietyofsportsandleisureopportunitiesinastructuredenvironment.Beneficiaries use
the environment to train, complete, and socialise by promoting sports from entry level through to the professional stage.
```
```
Deliveringsportsandleisureopportunitiesinaccordancewithourcontractualobligationsandaccessstrategyplan we
have achieved our year one key performance targets. Both financial, and participation targets been reached.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
The Charity has a recorded surplus for the year of £3,593.
```
## **`Principal funding sources`**
```
Remunerationfromthesaleofsportsandleisureactivitiessuchasvolleyball,cricket,football,netball,handballand gym
exercise for the community benefit.
```
## **`Investment policy and objectives`**
```
TomaintaintheCharity'scontractualobligations,accessstrategyplanandtoensurethattheCharityisadheringto it'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.TheCharityisinasecurepositiontocontinue to
deliver in accordance with its objectives.
```
## **`Funds in deficit`**
```
Repayment of set up and infrastructure costs.
```
## **`Principal risks facing the charity`**
```
Changingtrendsanddemandsofbeneficiaries.Seasonalchangestosportsandleisureprogrammes.Risingcosts of
operational overheads.
```
```
Page 1
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
In2sports Charitable Trust is constituted as a Charitable Incorporated Organisation and operates under a constitution.
```
## **`Organisational structure`**
```
TheCharityisGovernedbytheTrustees.Operationalstaffareappointedtoachievedeliverablessetoutby our
constitution,accessstrategyandkeyperformancetargets.TheCharityworkswithwiderangingbeneficiariesand local
organisationsandsportsclubsprovidingavehicleforpartnersandstakeholderstoachievetheirgoalsforthebenefit of
the community.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
1197862
```
## **`Principal address`**
```
In2Sports
40 Harbord Square
London
E14 9QH
```
## **`Trustees`**
```
C R S Wear
S D L Trujillo
Z H Khan
```
## **`Independent Examiner`**
```
Mr S Rosling FCCA
Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
```
```
Approved by order of the board of trustees on 4 March 2025 and signed on its behalf by:
```
```
C R S Wear - Trustee
```
```
Page 2
```
```
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 year
ended 29 February 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Mr S Rosling FCCA
```
```
Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
```
```
4 March 2025
```
```
Page 3
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024`**
|`Year Ended`
`29.2.24`
`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Charitable activities`
`189,314`
`Other income`
`50`
**`Total`**
`189,364`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`179,753`
`Other`
`6,018`
**`Total`**
`185,771`
**`NET INCOME/(EXPENDITURE)`**
`3,593`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`(156,293)`
**`TOTAL FUNDS CARRIED FORWARD`**
`(152,700)`|`Period`
`10.2.22`
`to`
`28.2.23`
`Total`
`funds`
`£`
`67,205`
`50`
`67,255`
`214,398`
`9,150`
`223,548`
`(156,293)`
`-`
`(156,293)`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 4
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`BALANCE SHEET 29 FEBRUARY 2024`**
|`29.2.24`
`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`1,340`
**`CURRENT ASSETS`**
`Debtors`
`8`
`900`
`Cash at bank`
`18,504`
`19,404`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
`(173,444)`
**`NET CURRENT ASSETS/(LIABILITIES)`**
`(154,040)`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`(152,700)`
**`NET ASSETS/(LIABILITIES)`**
`(152,700)`
**`FUNDS`**
`10`
`Unrestricted funds`
`(152,700)`
**`TOTAL FUNDS`**
`(152,700)`|`28.2.23`
`Total`
`funds`
`£`
`-`
`28,317`
`-`
`28,317`
`(184,610)`
`(156,293)`
`(156,293)`
`(156,293)`
`(156,293)`
`(156,293)`|
|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon4March2025and were
signed on its behalf by:
```
```
C R S Wear - Trustee
```
```
The notes form part of these financial statements
```
```
Page 5
```
```
IN2SPORTS CHARITABLE TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
```
## **`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,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
```
```
Asatthebalancesheetdatethecharitywasinsolventhavingexperiencedalargedeficitduringits first
accounting period.
```
```
Theamountsincludedinothercreditorswererepayablewhenthecharitywasabletomeetthesedemands, these
have been repaid since the end of the accounting period.
```
```
TheTrustees'havenomaterialuncertaintiesinrelationtotheabilityofthecharitytocontinueasa going
concern, these financial statements have therefore been prepared on the going concern basis.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
```
Fixtures and fittings
```
```
- 25% on reducing balance
```
## **`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. Restrictions
arise 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`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
```
```
continued...
```
```
Page 6
```
```
IN2SPORTS CHARITABLE TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024
```
## **`3. INDEPENDENT EXAMINERS' REMUNERATION`**
||`28.2.24`|
|---|---|
||`£`|
|||
|`Fees payable to the charity's independent examiners for the independent examination of the`
`charity's financial statements`|`2,160`|
|||
||`2,160`|
|||
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended29February2024norforthe period
ended 28 February 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended29February2024norfortheperiod ended
28 February 2023.
```
## **`5. STAFF COSTS`**
## **`6.`**
|**`STAFF COSTS`**||||
|---|---|---|---|
|||`Period`||
|||`10.2.22`||
||`Year Ended`|`to`||
||`29.2.24`|`28.2.23`||
||`£`|`£`||
|`Wages and salaries`|`86,437`|`17,041`||
|`Social security costs`|`13`||`-`|
||`86,450`|`17,041`||
|`The average monthly number of employees during the year was as follows:`||||
|||`Period`||
|||`10.2.22`||
||`Year Ended`|`to`||
||`29.2.24`|`28.2.23`||
|`Charitable activities`|`6`|`1`||
|`No employees received emoluments in excess of £60,000.`||||
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||||
|||`Unrestricted`||
|||`fund`||
|||`£`||
|**`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`||
```
continued...
```
```
Page 7
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024`**
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`NET INCOME/(EXPENDITURE)`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`Additions`
**`NET BOOK VALUE`**
`At 29 February 2024`
`At 28 February 2023`
**`8.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Taxation and social security`
`Other creditors`
**`10.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.3.23`
`£`
`(156,293)`
`(156,293)`|`Unrestricted`
`fund`
`£`
`(156,293)`
`(156,293)`
`Fixtures`
`and`
`fittings`
`£`
`1,340`
`1,340`
`-`
`29.2.24`
`28.2.23`
`£`
`£`
`900`
`2,153`
`-`
`26,164`
`900`
`28,317`
`29.2.24`
`28.2.23`
`£`
`£`
`678`
`255`
`172,766`
`184,355`
`173,444`
`184,610`
`Net`
`movement`
`At`
`in funds`
`29.2.24`
`£`
`£`
`3,593`
`(152,700)`
`3,593`
`(152,700)`|
|---|---|---|
```
continued...
```
```
Page 8
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`189,364`
`189,364`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(185,771)`
`3,593`
`(185,771)`
`3,593`|
|---|---|---|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`in funds`
`£`
`(156,293)`
`(156,293)`|`At`
`28.2.23`
`£`
`(156,293)`
`(156,293)`|
|---|---|---|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`67,255`
`67,255`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(223,548)`
`(156,293)`
`(223,548)`
`(156,293)`|
|---|---|---|
## **`11. RELATED PARTY DISCLOSURES`**
```
Asatthebalancesheetdate,Trustee;MrCWearwasowed£49,205(2023:£73,278)bythecharityinrelation to
expenditure paid on behalf of the charity. This is included within other creditors.
```
```
Asatthebalancesheetdate,WoodWharfSportsLtdwasowed£34,037fromthecharity.Thisisinrelation to
transactionsundertakenonbehalfofthecharity.Trustee;MrCWearisadirectorandshareholderof Wood
Wharf Sports Ltd. This is included within other creditors.
```
## **`12. GOING CONCERN`**
```
Asatthebalancesheetdatethecharitywasinsolventhavingexperiencedalargedeficitduringits first
accounting period.
```
```
The amounts included in other creditors were repayable when the charity was able to meet these demands.
```
```
TheTrustees'havenomaterialuncertaintiesinrelationtotheabilityofthecharitytocontinueasa going
concern, these financial statements have therefore been prepared on the going concern basis.
```
```
Page 9
```