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2024-04-30-accounts

Trustees’ Annual Report for the period 1[st] May 2023 to 30[th] April 2024

Charity name

Out for Sport

Charity registration number 1198240

Charity principal address 87 Orange Grove, LONDON, E11 4LP

Objectives and Activities

We’re a volunteer-run organisation helping our community unite through LGBTQ+ sport.

We represent London’s LGBTQ+ sports clubs and teams in a shared mission to increase LGBTQ+ participation in sport.

Our charitable objects are:

The promotion of equality and diversity for the public benefit by the elimination of discrimination on the grounds of sexual orientation or gender identity by promoting community participation in healthy recreation for the benefit of the LGBTIQ+ inhabitants of London and the Southeast by the assistance in the provision of facilities for playing amateur sport.

The main activities we have carried out in relation to our charitable objects are for the public benefit, in particular, the activities, projects or services we have carried out include:

Page 1 of 6

Out for Sport Trustees’ Annual Report for the period 1 May 2023 to 30 April 2024

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and Performance

In this period, we concentrated on:

Our strategic plan remains focused on five pillars:

Through the continuation of the previous Out for Sport entity’s work over the last 26 years we will continue to improve participation in sport amongst LGBTQ+ people, support sports clubs to become more inclusive and support our member clubs to have robust governance.

Financial Review

At the end of the period, the charity held cash reserves of £3511.25.

Income in the period came from grants of restricted funds, and donations and event sales of unrestricted funds. Outgoing payments during the period were related to the events, trustee induction, membership administration, and the running costs of the website with the club finder. Event expenditure was lower than expected, thanks to generous in-kind donations.

The Trustees adopted a policy to maintain a minimum reserve equivalent to the anticipated annual running core costs of the existing entity, being £ 1,600 . The trustees are therefore content with the level of reserves held by the charity.

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Out for Sport Trustees’ Annual Report for the period 1 May 2023 to 30 April 2024

The trustees do not consider there to be any material uncertainties about Out for Sport's ability to continue as a going concern.

Structure, Governance and Management

Out for Sport is a registered Charitable Incorporated Organisation. The entity was incorporated on 14[th] March 2022 and registered as a CIO with the Charity Commission for England and Wales on 15[th] March 2022. It is governed by its constitution which was adopted on 14[th] March 2022. This arrangement replaced a construct whereby the charitable activities of Out for Sport were carried out through Sport London Ltd (company number 08047670), a company limited by guarantee, not having a share capital with a memorandum and articles of association constituted on 26[th] April 2012. This company still exists and is being retained by the new entity in case of a future bid to run an international sporting event. Out for Sport’s origins are in an unincorporated association formed in 1998 to further LGBT sport in London and the Southeast.

The provisions of the constitution allowed for the appointment of between three and twelve trustees at the first annual general meeting of the members of the CIO, at which point all of the initial trustees would retire. At every subsequent annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from office.

At the AGM on 23[rd] April 2024, three trustees stood down and were re-elected for a threeyear term. At the next two AGMs a third of trustees will voluntarily retire (or, if not enough trustees volunteer those to retire will be determined by lot). New and / or existing trustees will be elected each year for a three-year term so that approximately one third of the board is elected each year.

Names of the charity trustees who manage the charity

David Lionetti Co-chair Appointed 5thApril 2023
Suzanna Maas Co-chair Re-appointed 23rdApril 2024
Suddankumar Subbaroyan Treasurer Re-appointed 23rdApril 2024
David Callaghan Appointed 5thApril 2023
David Cobbald Appointed 5thApril 2023
Resigned 3rdDecember 2024
Matt Hill Resigned 23rdApril 2024
Cleo Lyn Re-appointed 23rdApril 2024
Van Nguyen Appointed 5thApril 2023
Resigned 14thJanuary2025

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Out for Sport Trustees’ Annual Report for the period 1 May 2023 to 30 April 2024

Onyinye Nkemdirim Appointed 5thApril 2023
Nicholas Scarfield Appointed 5thApril 2023
Richard Walton Secretary Resigned 23rdApril 2024

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees on 26[th] February 2025.

David Lionetti Co-chair

Suzanna Maas Co-chair

Page 4 of 6

Out For Sport

1198240

Receipts and payments accounts

CC16a

For the period 01.05.2023 To 30.04.2024 from

Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
2,023
1,912
-
-
-
-
3,935
-
-
-
3,935
514
441
45
124
-
-
1,124
-
-
-
1,124
2,811
-
-
2,811
Restricted
funds
to the nearest £
500
-
-
-
-
-
-
500
-
-
-
500
500
-
-
-
-
-
-
-
-
500
-
-
-
500
-
-
-
-
Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total funds
to the nearest £
500
2,023
1,912
-
-
-
-
4,435
-
-
-
4,435
1,014
441
45
124
-
-
-
-
-
1,624
-
-
-
1,624
2,811
Last year
to the nearest £
Grants(Postcode Lottery) -
Donations(Paypal,Sport London) 2,023 -
Events 1,912 -
- -
- -
- -
- -
Sub total(Gross income for AR) 3,935 -
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
-
Event costs 514 -
Membershipadministration 441 -
Trustee expenses 45 -
Website 124 -
-
-
-
- -
- -
**Sub total ** 1,124 -
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
2,811 - - 2,811 -
- - - - -
- - - - -
2,811 - - 2,811 -

Page 5 of 6

Section B Statement of assets and liabilities at the end of the period assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
Signature
(agree balances with receipts and payments account(s))
Coop Business Directplus Account
B1 Cash funds
Details
B2 Other monetary assets
Details
Total cash funds
B4 Assets retained for the
charity’s own use
Details
B5 Liabilities
B3 Investment assets
Details
Details
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
3,511
-
-
-
3,511
-
Agreement Error
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
Fund to which asset
belongs
Cost (optional)
-
-
Fund to which asset
belongs
Cost (optional)
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
Print Name
Suddankumar Subbaroyan
Suzanna Maas
Endowment
funds
to nearest £
-
-
-
OK
Endowment
funds
to nearest £
-
-
Current value
(optional)
-
-
Current value
(optional)
-
-
When due
(optional)
Date of
approval
26-Feb-24
26-Feb-24

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