Chartiy Re&qslration No. 119B925 NORTHERN EDGE SPORTS LIMITED ANNUAL REPORT AND UNAUDfrED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 NORTHERN EDGE SPORTS UAIITED LEGAL AND ADMINISTRATIVE INFORMATION TrustO9S R Dunn E FlyTrn L Joisce Charlty number 1198925 Principal addre55 211 R05wJw Way NE13 9DS Aeeountants H&lh&ids Poulty Fami NeWCa￿e Upon Tyne NE27 OBQ NORTHERN EDGE spolrrs UMITED CONTENTS 7-12 NOTHERN EDGE SPORTS UMrrED TRUSTEEV REPORT FOR THE PERIOD ENDED 31 IAARCH 2024 The trustees present their wport finaThial slalements for the p8rKMI ended 31 Marth 2024. The ac{￿Unts have teen wepargy in a(xxwdarts wth the ac￿￿nting set (xrt in note I to the aux>unis aThJ comply with the Cornpani&s Acl 2006 aTha -Acr￿n11n9 and RepMJrting by Chan"ties." Stalement of Recornmended Practi￿ applicable to charrties prep8ring their acc(*Jnts in ao>Jtsnce with th9 FinanGial Reporling Stsndard aptA￿ble in the UK arnt Re[KI￿￿ {FRS 1021" {as amerthj f(* &¢J)unb"ng P8riod5 comm&ncing from 1 January 2019). The Obl￿ts of the chartty are Ihe advan￿￿nt of amateur sp)rt aThJ Ftysical 8ducAtkrn. to promote equality and dver5ity and to promote communTty particpation in healttiy recreation ty the prov¢sion or assi8tan¢e in the proMsit)n of faciblies for thè of ￿CKeY and ob)er SFuts capable of Mwroving he*lh. Publlc benefft As charity truslees c(wder (8refvlty ts Chaty Co￿￿￿￿1)n gubjance on pub￿ bgnofft wo ncom have established inline hoo*ey toams for both chiklren and adults arKI cnnts.nue to bn.ng together existing and fresh pl8￿rS and community hod(ey groups urKler rcM)f. We are [￿L￿d to be able to uJnlinue to operate the Norlh East's onty roikn swts venue that (atws fc* famity skaliro. c￿munty lYKkèy 18agues and a performanc8 hub of training for hw. ugrvJ our F*Jrmance coache5 aw¥J uv5s beneffits from iThJooF yding rrtness arKI Pilates. We foDJs on young people atdib.onal supp(rt rrw otherwise t￿t reach their ftjll potenbal, due to We Charge a small noty'onal fee for laling part in our adivfties. We take the approach. vthich is valued by all professional swrbng Ofganisations. that sp)rtiro exrdknr* 15 aCh￿ved through a multi disc4plit)ed training programme %thich incx)rporat8s a spx*ts science approath vthere VR (levelop any athlete through tsreft planning and iTh1ivNJual training desi￿. This not ￿)fy b.me devdcwg tethnKal aThJ tadical skdls, but inFYovirKJ strength. eThJlbran￿ and rrindseL For a se(¥)nd year we ¢Mlinue to 8ee success wilh this approath athle￿ to GB hockey 8eknjJ(￿ 8rn1 GB TrialNon The T￿stee$ have pwl duè regaTrl lo guthnce iss￿￿ by the C1￿7ty Commiss*)n in decK1*￿ what a¢tivltlès Achigvomgnts and porfNmanc• Sl9nm¢ant adlvltlas We o￿tillU8 to devdop a programme of ah)w siThJukr (Y muth" spx)rting diguplines. and al an iTrJividual, team or level. We ojtsiue lo e¥(Ave our (fftrings to meet the needs Of tsur Fwbtspants and *)d •rnpow•r young people and adults wilh thè vtsion of u•oliAg a hjturo where everyone er￿$ the Itftr¢hakwtrg benefits of rA8y 8nd SF*NL We have delivered 525 {2023..1281 sessions 16 h(kny Izmp5 {2￿23."3)I7 [￿￿ dtsLLts12023:011573 hours {2023..1621 and welry￿ 215 p￿￿nts (2023.'981 auoss one or more of our sessions. We have hired our fa(xlJttes to recreat￿￿ I￿vIe team5 and ball hod(ey fcw 43 IK)UFS ensLSre a5 many of Ihe community as possible. beneffl. We have LTeated employment opporlunities for an instructor in our Pilales sttJdD and surwrted young 8duMs in Ufmlwthding and mastwing the fo￿datiOrts ol o)aching to NOTHERN EDGE SPORTS UMrrED FOR THE PERIOD ENDED 31 IAARCH 2024 Voluntee The su(ttss of our enti￿ programme (￿n11n￿eS to to the (gpabibty. passM)n #nd (x)rnmon values and commitM￿t to C4JT wsion our tean on vcAunteer coths and team m•)aw5 1 administrators. We therefLYe remain for the help and SUPFYWt of our vrAunt8ers. ￿ whom we W￿ld not have been *Ae to rnake th8 ddleren￿ our yolry p￿ arKI adults ajike. Flnanclal r•vlow Financial positiott The finanwl F4)sition of the charlty is shown in th& au)JJnts this trustees reih)rL Income amounted lo £50,234. Expew¥f¥iure arT￿￿nted to t47.625 T•thK* rneant that ￿ Tecordgd a wofit of £2,609. Thi3 8mall profft provides reaswrance that the servie ￿]nL* set are SAthent to f￿d tt* operations of the chth. and at a rate, affordth ow pathpants. As Parti￿pants pay a noth)nal f8e to enjoy the sessions they attend. thts k% deerned SAJfficient to ensure £1,IMJO has been set aside Ihi5 Y￿ from the small gjrpks gen8ratéd, Fk7Awer Ihe original directorfs loan p8rb"opant ￿n￿rated Incorr￿ ensures a cash al bank value. equal to 8nd ex(￿8dIng this amount, Prfnclpol fundlng sources The pwir¥ipal funding source fLY the rtsrity in ottr sermd yew ol training has b￿7 s85sion participatk f89s. We also thank the SSr James Knott TNst. for & grant of £2,IKJO to support in recrui¢ing 8tvJ training (rf players and Northumb8rland Polic• for a of £612 10 &jp￿)rt cAJr I￿lY Fami￿ Roller Disc05. In addrtion tts thé granls recAV￿1. £570 of contiitr*Jted io the of 8ddrf1￿ skates to aid pa￿CIpatiOn aThJ thè NHS wpved materials a￿1 latKMJr to fft c*Jt a dediczted changir¥ faolty for rink parjicipants. Rlsk managemenl Future plans In 202425. we (￿tffiue ID en&)8d arKI ey¥oThY our offwiThJ lo a numtr*r of p2rtiripants aThJ enhanea our facitilies to rxeate even greater OpP￿tunIty and experience. We ￿11 improve iwnpact measwemenl and reportirwJ, to L*tter understaThl and eviden(* the ow ffjtsrV8nIy￿ make for our partiUF•tsng y(x￿g peopk atN1 aduNs. Our programme offering wdl maintain an elemenl of.open lo al., worknng with parbupants across th8 North East, rneetsng their tthysical aclivity atKI SLXitieeLrnM￿ requiremenls. We will also aim to deKver targeted activity to the cohort of socitrecnThJnKaty di*dYantW youry ￿ that ￿ idenbfy as beirwJ m05t risk (rf not masting thahr full po￿tial. Ihe qu￿lty of oui wDgtatEune. A key prlorlty will ￿ lo expaNI our grant bth"tYJ eflorts. to laciltlHle programme grovAh. NOTHERN EDGE SPOFrrs LIMrrED TRUSTEES REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Strucknr•. g*)v•rnan¢• and managwn•nt Governlng docum•nt Thé charfty is a Chaiitabla Inc4Jwth Organisatx)n (CIO) gove1￿j by its ?￿S111￿￿n Adopt*ts by th• first tsustees on 12 M8y 2022. The Trustees durfng th• yw and up ts ihe d•te of wgnattTh Lrf the finanThd 8tatements were.. Ms L Joisce M$ E Flynn Mr R Dunn Indu¢don •nd tralnlng ol n•w I￿•t￿l Now tntyt888 an to br￿1 thom on their W ￿19￿16L￿8 tharty law, th8 Chorty Commlsslon guSdanc6 on publ￿ benefit, ¢ontenl of Ihe om8tituJors, th8 twrd of tnjsleos and Ihe derysk)Tr making proeessès. th• businèss pban finanual kwfNm8nc• of th• ehartty. During th• indudon tw me&l key emF4oyees. volunteers, aThJ othor trustees. Tn￿1005 are to att8nd approFfflate ttrrnal training avonts wh•r• tho9fr will 18cilKat• tho undortthng of thoir r(4e. The Trusleos (who 8re akn lh$ directors of ts Company for the wrw88s 01 cgynp8ny Igwl are re8ponsibb for preparlng the Trusle&s' rowl aThJ ￿ fthandal s18t¢mnts In ￿anCe wth 8ppli¢abl& Practicel. Company law requin8 the Tru8tee8 to p￿P￿9 finarvd statements Icrf eath financaal year. Under Company law. tha Trustsgs musl ncl approvo Ih¥ finanugl $1ot¥ments unl¥g8 tw 8r& 88b"$fied tr81 th•y gfv• è truo and fair vlew of lh• stste ol of th• Ccffnpany and ol lis Ir￿mIng resour￿3 and app1k*￿ of ragouw. Indudlng IrKom• and exw)￿r•. lor Ih8t pen'od. In p￿￿8[￿n0 th058 financJ statements, Iho Trv8t¢e$ are reqYW￿ to.. * obs&rv8 m8thodB and prw)eiplas of tha Chathi8• SORP IFRS 1021.. . make judgments and ac￿n￿.￿ estimates that arn rtsasonablo and pnAant . state wheth8r appticable UK Accc*JntiThJ SiaThJards IFRS 1021 have been follthved. sutri¢¢t to any material departures {JIgL*￿ed and exF4ained in the fin8nc3al statèments.. ' prepare the fir￿nc￿al slaleThnts on Ihe gory c(rfK8rn bw un18ss it inappr￿r18Ift to Tho Trustè09 arè r¢spon￿blO for ad8qUate xcounting records Ihat are suffic￿nI to show and 8xplain the Cornpany's transac1K￿S aThJ disdose wth rthKonab￿ accuracy at any time thè finan(ial po$llic￿ of thfj Company and enab￿ Ihem to onsuro that th& fjlnancial stalem&nts cxoiwty ￿￿h th• Compan￿8 Act 2006. They ar8 also resF*)nsible for safewarding th8 a$8el¥ of Company and h&nc* forlthng rgasonable step5 th8 w8ventKsn and dèt8(kn offrsud and othw Irwul8ri11ès. Approved by order ofth8 methrs ¢)ffv of Trustse$ a￿1 swed on thw'r behair L JoI￿e Trust89 C*te o*l1rn120Z NORTHERN EDGE SPORTS LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF NOTHERN EDGE SPORTS UMrtED l ￿ptsrt to the trustees on my examination ofthe *￿UnIS of Norther Edge StKyls Limited tho ye8r er￿ed 31 March 2024 whth are set (Mrt cfft p• S to 13. R•sponsibilities and basis of report As the trustee's of Northem Edge Sp(wts Limited land also its directors for the purrM)$8 of company lawl you are resp)n&ble for the pyeparation of the aLX¥)unls In e￿Idance wth requirements ofthe C(￿npaT￿8$ Act 2(th. Having Satisf￿ myself that the ac(x)unts of th9 chanty ar8 r8quir8d to be audrted und&r Part 16 of the Companiès Act 2(M)6 and are 81bJibl& for Ind8￿ndent examination, I report in respect of my examination of. the charity accounts earned Ixrt uruler sedion 145 of the cf¥arit*s Act 2011. In carying out my examsnab"on. have followed all Ihe aFWicatAe tire(alor￿ gven by thg Ctiarity Comrni8sw under sedion 14515) (bl of Ihe 2011 Ar Ind•p•nd•nt •xamlMrfs statom•nt I have completed my examina11(￿. l (XM)fm that Th) matters have come to my attention in (￿nectiOn accounting rec￿1$ were not kept In respert ofthe ccryny a5 Tequired by seraion 386 ofthe Companies Act 2￿6. Or the accounts do i¥)t a¢xx>rd ￿th 11x￿ ￿Untir￿j r￿5.. or the accounts do not the accounting requirements ofsection 396 of the 2C Companies Act other than any requirement that the accourts give a Iwe arKI fairf vitr which is not a matter ¢)xtsNJere(J as part of an Hwjependent eX8minth"￿; or the accounts have not been prepared in acAxKdan￿ Y￿th the methryls and prinriple5 of the Statement of Recommended pract￿* for any reporting by ch8ritse5 applicable to charitss prepanng t￿"[ accounts in axordance th th8 Fin￿￿al Reporbng Standard applThble In the UK arKI Republ￿ of Irdand (FRS 1021. be dravm in this reF#rt ￿ onlerto enable a prcpw ￿￿e￿laTh￿tryj of the aco)unts to be reached. Zoe Lavwn Chartered ACc￿ntants Hillh8ads Poultry Fami NeW(*S￿e UponTyne NE27 OBQ NORTHERN EDGE SPORTS UMITED STATEMENTOF FINANCIAL ACTivrrES INCLUDING INCOPAEAND EXPENDtfuREAccouKr FOR THE PERIOD ENDED 31 IAARCH 2024 2023 Incomè from: Donatlons and le9a¢i¢s harltablo a¢tiYities 3.182 3,555 47.052 16.203 Total income 50234 19,758 Expgnditur• on- 47.625 20.447 Total exp8ndttur• 47,825 20A47 Not movemert in funds 1689) ReconciliatFon of funds: Total funds brought fopward Net movement in funds {6891 2.609 1.920 16891 16891 Fund balance at 31 Ma￿h 3Y24 The statement offinandal acuvllles I￿￿1&$ all gains k)558s re￿3nISed in the year and therefr￿e a ststement of o)mprehensive income has nol been We￿red. All income and expendttijre dertve from t￿ntInuing adn*i1￿s. The statement of financwl ath¥lties also (xjmplies Tmth the wuirements for an inc(*ne and ejpenditure NORTHERN EDGE SPORTS UMITED STATEMENT OF FINANCWL posmoN AS AT 31 MARCH 2024 Flxed ass•ts 18,336 20,251 Cwrent as8•ts Debtois Cash at bank in hand 420 14,967 1SJ87 7.809 7.809 Totsl ¢urrènl assets Crndltor5: arnounts Palllng du? within ono year (31,803) (28.7491 14•t current a5setsllli*llltknsl (16A16) {20.940) Total nol assots 1.920 1689) Charlty funds Unrestri¢t8d fvnds 1,920 1.920 {689) 1689) Totsl fvnds For th8 finanaal peFK¥I ended 31 V￿12Y24th9 fg)mpffj was antilled to &xempth)n from audil under 8cction 477 ofthe Companies Ac* 20C6 r¢lotwy to smau &)mwi6s. The menknrs have not r8quir*1 thè cthin an fmanraal stalBrn￿ kn the year These finandal statements have been prBP8f8d in a￿%?￿nCe with the provisi¢￿8 appbcable to cornpanies subj.ect to the small companies regim8. The fin8n(ial Statèm￿ were approv￿ bythe Truslees tyt oLtrl 121202 L Joiscè Twslee Company Regisiration No. 13966614 NORTHERN EDGE SPORTS UMThED NOTES TO THE FINANCIAL STATEMEPW6 FOR THE PERIOD ENDED 31 MARCH %124 Northern Edge Spc*t5 Linited is a F¥wat8 tharrtabte IMnrt•Y o)mpaFry in England and wa￿S. The registered ofkn 15 211 Rose￿ Way. Newcath Utx)n Tjne. Urited Kirydom. NE13 9DS. 1.1 Accountlng ¢onv•nlton accounts have been wepar&l in ac£¥wdarts wilh lh8 Charites SORP (FRS 102) . and Reporting by Charities.. Statement of ReCommerKI￿ Prnctice appI￿at￿e to Char￿eS preparing their accwnts in a¢xordance wth kn Flnan¢ial R¢kxxt"ng S￿￿8[￿ aP￿icable in Ihe UK (efleLtNe 1 January 20191. the FI￿an¢￿Al Repo￿ng sta￿JanI aK¥AJcatAe in tr* UK arxl Rermjbir of Ireland IFRS 1tr21 and th8 Comparu85 A(X 20(￿. The trustees have taken ad¥￿ts5￿ (rf the prowsKm in th8 SORP tharth8S 8￿YIng FRS 102 Update Buljetm 1 nL* to prepYYE a Statement ol Cash Fbyw& The finanLial ststements are wep￿ed in slerfirvj. is th¢ fiJnQ*)W ￿l￿e￿ of the Monelary amounts in The accoLK)ts hav6 twn pr￿[￿ kmdèr Ihe lithri(a (￿tiOn. Th8 pfFnrapal ac1￿MInting ￿11￿88 1.2 Golng ¢on¢èm 90ing CA)rthm basis ofacctyJnlitwJ h) preparing th& 1.3 Chorltable lumd Unrestricted funds are av*latrAe for use *the ¢*￿tk)n clthe Irust8es in ￿rther￿n¢￿ oflh8ir charitabl8 obJectNes. Thg charity has no resti]L￿ furKIs. 1A Incomlng rewur All incoming resources a￿ Irt1￿ in Ihtt statem￿t of fn)an¢aal Xb¥t*es w￿￿ the Charity ts entiued to th8 lo particl￿ar cal8￿r￿ of ino)me.' Fin8nrial Activities when receivable. ino)miry resourc￿ from tharitst4e arthitw i8 re¢cwiwl as ewns Ihe ryht to Wn￿de￿ti0n by its. perfomianc8 ofthe 88ryiC8. NORTHERN EDGE SPORTS UMrrED NOTES TO THE FINANCIAL STATEIIE7ItS ICOPfflNUED) FOR THE PERIOD ENDED 31 MARCH 2024 Irr8C￿eTab1e VAT. whiL* rep￿e¢l 8$ part of th8 eXF￿ditUr8 to rtrelates. Charitable eXpenthIu￿ cc*nprises th￿e costs inomd by the Charity in the dgkv8ry of such activit￿ and tlThe cc&sts d an irKITeL* nabJre r*(*ssary to support th8m. manag8ment oftt￿ Chaiity. 1.6 Cash and Cash Cash and ¢xsh equlvalents ￿￿￿d8 Cash in haTra and depr6its hèhy wilj) bar*s. 1.7 Flnanclal Instruments FinanL?al in5twm8nts *• In the fxMry*nYs balance sheet when th8 ojmpany t￿Ome8 Finanaal assets aThJ liabilities are oltset, with the ret arrKxmts PTesenW in the financlal statements, when there Is a199aly 8nforrwbb right to Set off th8 rBc()gnis*d amounts and ljwro is an intor4ion to $0tt10 th1 a net ba￿$ or to reak.se the asset ￿ setue the liabthty simullar¢oL*. Bas￿ financial assets, whKh inrkne debtrKs aw¥J cash 8ThJ bank balances, ar8 inibaly m8asured 8t the Èffective interest m8thrMI urdess the arrar4Jernent consliiutes a financing transac￿On, where the transath.on is ￿aSured al the presenl Valug of thB fviure rgceipts discountgd at a markgt rats of 1.8 T*nglbk fÉx•d asséts Tangl￿0 fixed assets are cav1a￿Sed ar￿ reoyJnLseAI Wh￿ fu￿lfe ecowthiic beneffls are probatle and the Tarvjible fixed as*5 inilialy re(x)ynis8d at u)sL Aftw rwrm1m￿. und8r th8 Ujst mod81. thoy arè measured at cost kss xcumulated dewea"a￿ and any acumvlated impairwEnt bsse& AJI costs incurred lo bFinging a t8ngibl8 fix*1 8ss8t into its intan￿] w(M*mg Cond￿on shouk1 indudad in th Fithres & fftbr%Js- 20% strdwht line offi￿ e4uipmenl-20% stra¥Jht tine NORTHERN EDGE SPORTS LIMrrED NOTES TO THE FINANCIAL STATEiIHifs (COPrnNUED) FOR THE PERIOD ENDED 31 MARCH 2024 2 Incom• from donatlom and legxig¥ 2023 Unf•Strlct•d funds Donations and gfts Granl income 570 2.612 3.182 555 3.000 3.555 3 Incom• from ChaTlt•bl• a￿mIl•1- a¢Ovlllu dlrecty und•rtaklng 2023 Inline hod(ay Fllness dasses Hollday camp Rink hiro Other 19.982 15286 5.942 4,629 1.213 47,052 11,061 5,142 16,203 NORTHERN EDGE SPORTS uMrrED NOTES TO THE FINANCIAL STATEMENTS IcopifwiuED) FOR THE PERIOD ENDED 31 MARCH 2024 4 Anatyslg of expndilure by athi¥ts- ¢wr•nl y directly undortaktng 2024 Support Total S￿nd 2024 Service delivery Supwrt Totsl spend 38,￿29 38.029 9.596 9,596 undertaklng 2023 $pend 2023 2023 Servic8 d81iyEry SUP￿ costs Total sP￿d 10.608 10,608 9.839 10 NORTHERN EDGE SPORTS UMtTED NOTES TO THE FINANCIAL STATEMEIWS {coKnNUED) FOR THE PERIOD ENDED 31 IAARCH 2024 5 TTUStees One of the Trustees recwed £480 in rela11￿ to c￿liry acaivilies prowded ￿ the ￿r. 6 Employeos 2024 2023 7 Tanglble fixed assets Flxfvres & F￿ingS Equipmenl Total Cost £ As 8t 1 Aprfl 2023 Addib"ons 20251 20.251 1305 As at 31 Marth 2024 21,1￿7 556 D¢prèGiallon £ As at 1 Awll 2023 Charge 4.148 73 4,221 As at 31 2024 Net Book Valu• £ As at 31 Marth 2024 16.949 20251 18.336 20.251 As at 31 m￿(* 2023 11 NORTHERN EDGE SPORTS LIMrtED NOTES TO THE FINANCIAL STATEMENTS (COPThUED) FOR THE PERIOD ENDED 31 MARCH 2024 Credrlors: ￿nt f*ltsng within on• y 2024 2023 16 A%xruals and deferr&J ir 13.337 1,546 Dir￿ Lcon 8cuKJnt 18.1K2 27,187 31 28.749 Statement of fund5- ¢urrent and prior year Funds al 31 March 2023 Incom• Fur*d$ at 31 March 2024 Gengral unrestricted fvnds {689) 50234 {47.Vd51 1.920 Funds at 9 IAaYch Fund$ at 31 Ilarch 2023 Gener31 unrsstrk1￿ lunds 19.758 {20.447) 1689) 12 NORTHERN EDGE SPORTS UMrrED NOTES TO THE FINANCIAL STATEMENTS IcoNfiNUEDI FOR THE PERIOD ENDED 31 IWICH 2024 10 Analysls of n•taswts b•tswn fvnd$. cuvrant Fwiod Totsl Funds 2024 Funds 2024 T8ngiblp fix8d 8SS8ts Currènt assois Credrtors due under one y 18.336 18.336 15,387 {31.803} 15,387 (31.803) 1,920 11 Anaty*ls of n•t b•lw••n lund*. prlor pwlod Funds 2023 FurKI$ 2023 Tanglblè fixed a￿ts Curr8ntawts 20.251 20.2S1 Creditors due under one 5 (28.7491 (28.7491 (6891 12 Cllent funds The thaTtty does not hold any f*ent 13 Company limited by guarantee The company is limited by guarantee. At 31 March 2024. there were 3 Mem￿￿ eath ofwlNyn hed undertakèn to cotstribute an amount not exceeding £1 in the event of win