Charlty No. 1199762 TEAM ENGLAND TRUST (A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR TIIE PEIUOD ENDED 31 MARCH 2024 TEAM ENGLAND TRUST CONTENTS P8g¢ Chariiy Reference and Administraliv¢ Details Tn15t¢e5' Report Balance Sh¢¢t Noics to the Financial Statunenls TEAM ENGLAND TRUST CHARITY REFERENCE AND ADMtNISTRATIVE DE( TAILS Charity registrF4tion number 1199762 Trustees Mark Jonathan 05ikoya (Interim Cliair) Louiso Jane Fyans Duncan lan Truswell Reglstered office Commonwealtli Games England I'ijitagcl House 92 Alb¢rt Embankrnent London SEI 7TY TEAM ENGLAND TRUST TRUSTEES, REPORT PERIOD ENDED 31 MARCH 2024 Thc TTuslees present their repon ai)d the financial staternents of Ihc charity for the period ended 31 March 2024. The Trustees l)avc adopted the provisions of the Siatetnent of Recommeiided Practice ISORPI"Accountiiig and Reporting by Chariti¢s" (FRS 1021"Tlie Fiiiancial Reporting Standard applicable in Ilie Uk aiid Republic of Ireland" iii preporing tlie aniiual report and financial statements of the charity. The financial siatements have be¢n prepared in a￿ordance with the accounting poli¢ies set out in the notes lo thc ccouiits and comply ivitli tlie cl)arity's governing do¢umei)t. the Cliarities Act 2011 and Accounting and Keporting by Charilies.. Statement of Recommended Practice applicable to chariLi¢s preparing tlieir accounts in accordancc with the Financial R¢porting Standard appliLable in the UK and R¢public of Ireland published in O¢tob¢r 2019. Trustees of the chArlty The Trustees who have $¢rv¢d during the period Énd sin¢¢ tlic pcriod end were as follows.. Mark Jonathan Usikoya- Appointed 21 July 2024 Christopher Conway- Resigned 21 July 2024 Louis¢ Jane Fyans- Appointed l October 2024 Jan Patcrson- R&signed 21 July 2024 Duncan lan Truswell Objectlves nnd ACtlvlt5o$ The promoiion of Community parli¢ipation in healthy recreation for the ben¢fit of tlie public by providin& or as%istin8 in Ihe provision of. facililics for playing sport and phy¥ic81 aclivilies, irrespective of ability. 2. To advance in lif¢ and rclievc needs ofyuunb pcoplc throu¥li'. The provisioii ofrecreolional and Ici%iire time aLlivities provided in the inler¢sl of S￿181 welfare, dcsigncd to improv¢ tliLir condiiions of lil¢', ynd b. Providing ¥upport and aclivilics wliich dcv¢lop Ih¢ir skills, eapacities and c4pabililies to enable them to participatc in %oeitly &$ mulur¢ dnd rcspon.siblr iiidividu81s. 3. The relief of need and adv8n¢cm¢nt of cducation for adults who ar¢ 51ru¥gling to access, Qr facing bjiricrs ¢0, education, employmcfit or train>ng. Publlc benefit $tAt¢mont The trust will report on the public benefit when it ¢ea5es to be dormunt. StrutturÈy governanee and niAnag¢ment Team En8land Trust wa8 rcgistered witli the Charity Cornrnis5ion on 22 July 2022. under registered numb¢r 1199762. It is & Ch&ritable Incoiyc>iated Organisaiion (CIO) and is goveined by ils constitution. Tlic charity is gov¢rn¢d by a Board of Trusie¢5 whicli acts in an honorary capacity. Achlevèmenis and performhnee Tlie CIO was dormant during this period. Fin8ntl81 revle Na tran8action8 took place during the period. Futurt plan5 FDllowing a chdnge in trustees during the period. the new trustees are now evaluating the best approach for Tearn England Trust to begin to carry olll acliviiy lo meet its charilabl¢ obje¢tiVe5. This includE5 assessing the opponuniiies presented following tl)¢ announcement in Oetober 2024 that the 23 Commonwealth Games will be held in Glasgow betw¢¢n July and August 2026. Tru5t¢es' respDllSTbilitie5 The Trii$t¢e5 are responsible for prepaj'ing the Tru$t¢es' Annual Report and the financial statements in occordanGe with applicable law and Unitcd ￿ngd0T￿ Accounting Standards (United Kingdom Generally Acecpted Accounting Praetice). TEAM ENGLAND TRUST TRUSTEES, REPORT PERIOD ENDED 31 MARCH 2024 The law applicable to charities in England & Wales Tequirc8the Trusteesto prepare fLnan¢ial stateynents for each financial year which givc a true and fair vi¢w of the state of affairs of the charity aiid of the inroming resour¢¢5 and application of resources of the cliarity for that period. In preparing these fillancial stat¢rnents, the tTusIE¢b aTe required to.. select suitable èctounting policies and then apply them consi51ently; observe the methods and principles in the CliaTjlies SORP 2019 {FRS 102)- make judgements and e5timateb that (Irv rrasonable and prudent. state whether applicabl¢ accountin8 StandaTd& have be¢n follow¢d, subjcct to any material departures di&closvd 41nd explaincd iii lh¢ financial statements.. and • prepare the financial &taletnEnt& on ihe going ¢onc¢rn basis Urtless li is inappropriatc to presume that the cliarity will coiitinue in operation. The TTuslees are responsiblc for keeping PTop¢f 4¢COUntiiig records thal di5clos¢ with reasonable accuracy at any time ¢h¢ financial positioii of Ihe charity and enable iliem to cnsure Ihal the financial statements comply with ihe Charitics A 2011, the Charities (Ac¢ounls and Reports) Regulation.$ 2008 and the provisions of Ilie trust deed. They are also Tesponsible for safcguarding the asscts of Ilic charity and hence for takin8 reasonable sieps for th¢ PT¢v¢ntiun and detection of fraud and other iTrcgularitie$. The tru8t¢es 8T¢ responsible for the maini¢nan¢e and intcgrity of the charity and fiiiancial infomaiion included on th¢ charily's web5jte. Le8151atiUn srh th¥ United Kin8doin gov¢rnin8 the preparation ond dis$¢inin4tion of financial statem¢nts may differ from legyislation in otlier juri.%dictlDn.s. On behalf of the of Trustees Mark Jonathan 05ikoyo Ichair Date.. 16/.,.1 TEIIM ENGLAND TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Cash at bank and in hand Net assets Charity Funds Reblricted funds Unreslri¢l¢d funds Total tharlty funds Th¢ notes on pa8¢ 5 fomi part of tliese financial Statements. Tl)e financial sLa¢¢i￿entS were approv¢d and authorised for i5suc by the Board of Trusiees on 16 January 2025. Sig ed on behal Board of Trustees Mark Jonathon 05ikoy Cliariiy re8islrgtion num r.. 1199762 TEAM ENGLAND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 SunimAry of significant Accounting PDlicies (a) G¢n¢ral informotion and ba515 of pr¢pAratioR Tearn England Trust is a eharitable incoTporated organi.4ation, re8isiei.ed in England & Wales under registra(ioTh number 1199762. Tl)e address of the registered office is gtven in the cliarily information on page l of thes¢ financial stat¢ment5. Th¢ trust did not trade between the date of registration and 31 March 2024. Thc charity constitutcs a public b¢n¢fit entity a5 deflned by FRS 102. The financial statcments havc been PTepared in accordan¢e wilh Accounting and Reporiing by Charitses.. Statement of Recommended Practice applicable 10 charilies PTcparing their accounts in aecordttnce witli Ihc Financial Reporting Sldndard applicable in tl)¢ UK )nd Republic of Ireland (FRS 102) publi5hEd in October 2019, Ihe Finan¢ial Reporting Siai)dard applicable in the Uiiiled ￿'1)gdoM and Republi¢ of IT¢lpnd {FRS 102). the Cliari¢ies Act 2011, and UK Gcnerxlly Ac¢epi¢d Practice. Th¢ financial ￿ateMentS are prcparcd on a going ¢on¢ern b*sis under the liistorical cost ¢onv¢n¢ioTh. The finaficidl statemen15 ale prebenied in siei'ling whicli is ihe fun¢li01181 curren¢y of the chayity. Members 11obllltle5 The members of the CIO have no liability to contribute lo its asstts and no personal rc5ponsibility for settling Its debis artd liabilities. RelthtL.d partlt5 Tlie ehkrity is conirolled by the trustees. During th¢ p¢rii)d, the Trustees received no emoluments or inC￿rred any expenses using tlie'l'rusi fund8.