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:
- Raising awareness of LGBTQ+ Sports Clubs and their activities.
- Encouraging and enabling new members to access LGBTQ+ Sports Clubs.
- Promoting participation in LGBTQ+ sport in and around London.
- Promoting the health and well-being of members of the LGBTQ+ Sport Clubs.
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_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:
- The very successful Out For Sport Awards, celebrating the amazing achievements of our community.
- Networking and learning events, including an event where our member clubs who received an OFS x Nike grant (via the previous entity) shared their projects to enhance diversity in their club.
- Onboarding our newly appointed trustees, developing key policies and guidance.
- Improving the club finder on our website, to make it even easier for people to find a club that works for them.
Our strategic plan remains focused on five pillars:
- Creating stronger clubs
- Broadening participation in LGBTQ+ sport
- Bringing clubs together
- Strengthening the voice of LGBTQ+ clubs in sport
- Connecting LGBTQ+ clubs to the rest of the world
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
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## **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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