2023-03-31-accounts

The Welsh Sports Foundation

Charity Number: 1199523

Annual Report 2023

Trustees

Name

Role

Date of appointment

Richard Thomas Chair 01 July 2022 Victoria Barker Trustee 22 November 2022 Daniel Caunt Trustee 01 July 2022 William Davies Trustee 01 July 2022 Lynn Pamment Trustee 01 July 2022 Roger Pride Trustee 01 July 2022 Katherine Stokes Davies Trustee 01 July 2022 Paul Whapham Trustee 01 July 2022 (Resigned – January 2023) Alwen Williams Trustee 01 July 2022

Charitable purpose

The Welsh Sports Foundation will ensure that every individual child and young person in Wales is able to participate in sport, by relieving financial pressure, where this is a barrier to participation. In doing so, we will ensure no child is left on the side-lines.

Charitable objectives

The objectives of the CIO are.

1. To promote community participation in sport and healthy recreation for the benefit of the public in Wales by:

2. a) providing financial support, facilities and equipment in the interests of social welfare for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities and services;

3. b) the improvement and preservation of good health and well- being through participation in healthy recreation.

4. to advance education for the public benefit in particular by:

5. a) the provision of resources, skills training and practical assistance to assist community sports groups and organisations;

6. b) advancing research into the barriers to participation and accessibility of sport and advancing education in breaking down such barriers.

7. the conservation and protection of the environment for the public benefit by the promotion of waste reduction, re-use, reclamation and recycling of surplus sports kit and equipment.

Progress in the Year

The Trustees registered the Welsh Sports Foundation as a charitable incorporated organisation (CIO) with the Charity Commission for England and Wales on 1[st] July 2022.

Progress was made during the year in the following areas.

Bank Account Research into the most suitable bank account was carried out and agreed by the Trustees. The bank account was not open by the end of the Financial Year. Digital Assets The organisation logo was created and a prospectus and information booklet was designed. These are to be used as an introduction to potential donors. Income Generation Trustees worked hard to establish seed funding for the Foundation, lobbying organisations such as the Welsh Government, UK Government, Corporate and a Founder Donor scheme. Voucher Tech An agreement was made with a well-known Welsh organisation to develop the voucher technology, with a start date of January 2023, but this has been delayed.

Wales Week London The Chair attended an event during Wales Week London in March 2023 to promote the formation of the Welsh Sports Foundation.

Employees

There were 0 employees during the Year. All Trustees acted in a voluntary capacity. The Welsh Sports Association Limited provided pro-bono administrative support.

Finances

The Financial Year end is March 31[st] annually, to align with most of the sporting National Governing Bodies in Wales. No financial transactions were made during the first financial year up to 31[st] March 2023 and the Charity has no assets or liabilities.

Signed on behalf of the Trustees:

Richard Thomas Chairman. 16[th] February 2024

Victoria Barker Board Trustee. 16[th] February 2024

The Welsh Sports Foundation

Charity Nmber 1199523

Receipts and payments accounts

01.07.2022 31.03.2023 To

For the period from

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

A1 Receipts - - - - - - - - Sub total - Total receipts - A3 Payments - - - - - - Sub total - - - Sub total - Total payments - Net of receipts/(payments) - A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - -	to the nearest £	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - -	to the nearest £
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Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details Details Details Details Details Signature #VALUE! Total cash funds (agree balances with receipts and payments account(s))	to nearest £ to nearest £ - - - - - - - - OK OK to nearest £ to nearest £ - - - - - - Cost (optional) - - - Cost (optional) - - - - - - Print Name Richard Thomas (Chair) Victoria Barker Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
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			OK
			to nearest £ Endowment funds
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			Current value (optional)
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			Current value (optional)
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			When due (optional)
			Date of approval
		Richard Thomas (Chair)	20.02.2024
	#VALUE!	Victoria Barker	20.02.2024