```
REGISTERED CHARITY NUMBER: 1197862
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
```
```
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 28 FEBRUARY 2025`**
|||**`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`|`10`|
```
IN2SPORTS CHARITABLE TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended28February2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK 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,inparticularbytheprovisionoffacilitiesfortheplaying of
a range of sports including cricket, football, netball, hockey and volleyball;
```
```
(b)theprovisionoffacilitiesforrecreationorotherleisuretimeoccupationfor:i)individualswhohaveneedofsuch facilities
byreasonoftheiryouth,age,infirmityordisablement,financialhardshiporsocialandeconomiccircumstances,orii) 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`**
```
The trustees confirm that they have received and read the guidance in relation to the public benefit of the charity's activities.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
AsaSportsEnglandsportshall,theCharityhascontributedtoahealthiercommunityandimprovingpeople'slife conditions
bydeliveringawidevarietyofsportsandleisureopportunitiesinastructuredenvironment.Beneficiariesuse the
environment to train, complete, and socialise by promoting sports from entry level through to the professional stage.
```
```
Deliveringsportsandleisureopportunitiesinaccordancewithourcontractualobligationsandaccessstrategyplanwe have
achieved our year one key performance targets. Both financial, and participation targets been reached.
```
## **`FINANCIAL REVIEW Financial position`**
```
The Charity has a recorded deficit for the year of £13,274
```
## **`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 28 FEBRUARY 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
In2sports Charitable Trust is constituted as a Charitable Incorporated Organisation and operates under a constitution.
```
## **`Organisational structure`**
```
TheCharityisGovernedbytheTrustees.Operationalstaffareappointedtoachievedeliverablessetoutbyour constitution,
accessstrategyandkeyperformancetargets.TheCharityworkswithwiderangingbeneficiariesandlocalorganisations and
sports 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`**
```
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 6 January 2026 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 28 February 2025.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements 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`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Icanconfirmthat I
amqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountantsinEngland and
Wales, which is one of the listed bodies.
```
```
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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould 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
```
```
6 January 2026
```
```
Page 3
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025`**
|||`28.2.25`|`29.2.24`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||
|**`Charitable activities`**||||
|`Charitable activities`||`258,681`|`189,314`|
|`Other income`||`-`|`50`|
|**`Total`**||`258,681`|`189,364`|
|**`EXPENDITURE ON`**||||
|**`Charitable activities`**||||
|`Charitable activities`||`271,955`|`179,753`|
|`Other`||`-`|`6,018`|
|**`Total`**||`271,955`|`185,771`|
|**`NET INCOME/(EXPENDITURE)`**||`(13,274)`|`3,593`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||`(152,700)`|`(156,293)`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`(165,974)`|`(152,700)`|
```
The notes form part of these financial statements
```
```
Page 4
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`BALANCE SHEET 28 FEBRUARY 2025`**
|`28.2.25`
`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`753`
**`CURRENT ASSETS`**
`Debtors`
`8`
`-`
`Cash at bank`
`1,463`
`1,463`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
`(168,190)`
**`NET CURRENT ASSETS/(LIABILITIES)`**
`(166,727)`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`(165,974)`
**`NET ASSETS/(LIABILITIES)`**
`(165,974)`
**`FUNDS`**
`10`
`Unrestricted funds`
`(165,974)`
**`TOTAL FUNDS`**
`(165,974)`|`29.2.24`
`Total`
`funds`
`£`
`1,340`
`900`
`18,504`
`19,404`
`(173,444)`
`(154,040)`
`(152,700)`
`(152,700)`
`(152,700)`
`(152,700)`|
|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon6January2026and were
signed on its behalf by:
```
```
C R S Wear - Trustee
```
```
S D L Trujillo - Trustee
```
```
The notes form part of these financial statements
```
```
Page 5
```
```
IN2SPORTS CHARITABLE TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
```
## **`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:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financial statements have been prepared under the historical cost convention.
```
```
Asatthebalancesheetdatethecharitywasinsolventhavingexperiencedalargedeficitduringitsfirst accounting
period.
```
```
Theamountsincludedinothercreditorswererepayablewhenthecharitywasabletomeetthesedemands, these
have been repaid since the end of the accounting period.
```
```
TheTrustees'havenomaterialuncertaintiesinrelationtotheabilityofthecharitytocontinueasagoing 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`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthe charity
tothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandthe amount
oftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated 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`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasis over
the period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spension scheme
are charged to the Statement of Financial Activities in the period to which they relate.
```
```
continued...
```
```
Page 6
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025`**
## **`3. INDEPENDENT EXAMINERS' REMUNERATION`**
||`28.2.25`|
|---|---|
||`£`|
|||
|`Fees payable to the charity's independent examiners for the independent examination of the`
`charity's financial statements`|`2,880`|
|||
||`2,880`|
|||
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended28February2025norfortheyear ended
29 February 2024.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended28February2025norfortheyear ended
29 February 2024.
```
## **`5. STAFF COSTS`**
|`Wages and salaries`
`Social security costs`
`Other pension costs`
`The average monthly number of employees during the year was as follows:`
`Charitable activities`
`No employees received emoluments in excess of £60,000.`|`28.2.25`
`£`
`118,432`
`6,423`
`720`
`125,575`
`28.2.25`
`8`|`29.2.24`
`£`
`86,437`
`13`
`-`|
|---|---|---|
|||`86,450`|
|||`29.2.24`
`6`|
## **`6.`**
## **`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||`Unrestricted`|
|---|---|
||`fund`|
||`£`|
|**`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`|
```
continued...
```
```
Page 7
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025`**
|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 March 2024 and 28 February 2025`
**`DEPRECIATION`**
`Charge for year`
**`NET BOOK VALUE`**
`At 28 February 2025`
`At 29 February 2024`
**`8.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Taxation and social security`
`Other creditors`|`Unrestricted`
`fund`
`£`
`3,593`
`(156,293)`
`(152,700)`
`Fixtures`
`and`
`fittings`
`£`
`1,340`
`587`
`753`
`1,340`
`28.2.25`
`29.2.24`
`£`
`£`
`-`
`900`
`28.2.25`
`29.2.24`
`£`
`£`
`2,400`
`-`
`3,023`
`678`
`162,767`
`172,766`
`168,190`
`173,444`|
|---|---|
```
continued...
```
```
Page 8
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025`**
## **`10. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**||||
|---|---|---|---|
|||`Net`||
|||`movement`|`At`|
||`At 1.3.24`|`in funds`|`28.2.25`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`(152,700)`|`(13,274)`|`(165,974)`|
|**`TOTAL FUNDS`**|`(152,700)`|`(13,274)`|`(165,974)`|
|`Net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`258,681`|`(271,955)`|`(13,274)`|
|**`TOTAL FUNDS`**|`258,681`|`(271,955)`|`(13,274)`|
|**`Comparatives for movement in funds`**||||
|||`Net`||
|||`movement`|`At`|
||`At 1.3.23`|`in funds`|`29.2.24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`(156,293)`|`3,593`|`(152,700)`|
|**`TOTAL FUNDS`**|`(156,293)`|`3,593`|`(152,700)`|
|`Comparative net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`189,364`|`(185,771)`|`3,593`|
|**`TOTAL FUNDS`**|`189,364`|`(185,771)`|`3,593`|
```
continued...
```
```
Page 9
```
```
IN2SPORTS CHARITABLE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.3.23`
`in funds`
`£`
`£`
`(156,293)`
`(9,681)`
`(156,293)`
`(9,681)`|`At`
`28.2.25`
`£`
`(165,974)`
`(165,974)`|
|---|---|---|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`448,045`
`448,045`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(457,726)`
`(9,681)`
`(457,726)`
`(9,681)`|
|---|---|---|
## **`11. RELATED PARTY DISCLOSURES`**
```
Asatthebalancesheetdate,Trustee;MrCWearwasowed£28,533(2024:£49,205)bythecharityinrelation to
expenditure paid on behalf of the charity. This is included within other creditors.
```
```
Asatthebalancesheetdate,WoodWharfSportsLtdwasowed£100,432fromthecharity.Thisisinrelation to
transactionsundertakenonbehalfofthecharity.Trustee;MrCWearisadirectorandshareholderofWood Wharf
Sports Ltd. This is included within other creditors.
```
```
Asatthebalancesheetdate,PlayonSportsLtdwasowed£2,160fromthecharity.Thisisinrelationto transactions
undertakenonbehalfofthecharity.Trustee;MrCWearisadirectorandshareholderofPLayonSportsLtd.This is
included within other creditors.
```
## **`12. GOING CONCERN`**
```
Asatthebalancesheetdatethecharitywasinsolventhavingexperiencedalargedeficitduringitsfirst accounting
period.
```
```
The amounts included in other creditors were repayable when the charity was able to meet these demands.
```
```
TheTrustees'havenomaterialuncertaintiesinrelationtotheabilityofthecharitytocontinueasagoing concern,
these financial statements have therefore been prepared on the going concern basis.
```
```
Page 10
```