REGISTERED COMPANY NUMBER- CE030316 (England and Wale51 REGISTERED CHARITY NUMBER: 121x1560 Trustees, Report and Unaudited Financial Statements for the Year Ended 5 April 2025 for The Adapted Sports Hub Trust Stephenson Smarr IEasr Anglial Lirrited Chartered Accountants 22-26 King Street King's Lynn Norfolk PE30 IHJ
The Adapted Sports Hub Trust Contents of the Financial Statements for the Year Ended 5 April 2025 Pa8e Reference and Administrative Details Trustees. Report Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the FinancÈal Statements 8 to 11 Detailed Statement of Financial Activities 12
The Adapted Sports Hub Trust Reference and Administrative Details for the Year Ended 5 April 2025 Trusteès Mr P R Searle Ms V A Stock (appointed 2.8.20241 MsMJKTnÈ Ms K L M Fisher Registered office Alive Lynnsport Greenpark Avenue King 5 Lynn Norlolk PE30 2NB Registered tompany number CE030316 IEn8land and Wales) Registered charity number 12W560 Independent examiner Stephenson Smart (East Anglial Limited Chartered Accountants 22-26 King Street King's Lynn Norfolk PE30 IHJ
The Adapted Sports Hub Trust Trustees, Report for the Year Ended 5 April 2025 The trustees present their report with the financial statements of the charity fow the year ended 5 April 2025. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable ro charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Objectives and artivities Main Activities Our rnain objective is to build an adaptive 5POrts hub which we will then manage for the benefit of a variety of local organi5ation and groups especially those that are under-represented such as those with learning and physical difficulties. Planning permission for the building of the hub was obtained on 24th June 2024. We were then in a position to be able ro focu5 on obtaining a lease of land at G¢eenpèrk Avenue King'5 Lynn (opposite Lynnsport and next to the tennis courts) owned by the Borough Covncil of Kkngs Lynn and West Norfolk. Unfortunately this has taken rather longer than we anticipated although the lease is expected to be signed within the next few weeks. Without planning permission and a lease if has proved difficult to obtain significant capital funding from grants. We have relied on furid Taising from generous local supporters to cover operational costs and some capital costs plus W did receive a grant of £50,000 from the Norfolk Cofflmunity Foundation to support the costs associated with the first phase of progressing the building plans for a fully adapted sports hub. This has allowed us to instruct an architect and structural engineer. We have visited and sought best practice ideas from other similar charities and continue to have close contact with rhese charitie5. The delèys with re8ard to planning pemission and the lease led us to consider how we might provide some type of sport5 facility that was lully accessible without the need for a btjilding. We were offered some adapted cycles that needed repair and a new container to store the bikes. We are grateful to both the donor of the adapted cycles and the donor of the container as well a5 to Lynnsport for 311owing the container to be housed on their premises. Since the year end we have set up Ride United which provides adapted cycling sessions suitable for all ages, abilities and Achievements and performance Charitable activities As detailed above building work has not yet commenced as we needed to obtain a lease on the land as well a5 planning permission in order to be able to move forward_ This has taken far longer thèn expected but we do riow have Heads of Terms agreed and anticipate that the lease will be signed within the next few week5. Only when we have successfully secured funding can building work comfflence and so we will only be able to start building when we have the funds in place to complete the project and 50 the next phase is fund raisirig from local business and the community and grant applications. Our website is now established and apart from highlighting what we are doing it ofler5 links to other organi5ations providing f3cilitie5 for the disabled. The work to Set up Ride United commenced March 2025 and culminated in the club starring weekly adapted cycling session5 in September 2025.
The Adapted Sports Hub Trust Trustees, Report for the Year Ended 5 April 2025 Financial review Principal funding source5 The charity managed to obtain generous unrestricted donation5 from local charitie5. businesses and individuals plus there was the grant of £50.OCH) from the Norfolk Community Foundation. This gave us sufficient funding to be sure we could cover our operational costs and progress the building plan5. It has a150 allowed us to work to set up Ride United which means we can provide a sports facility for the disabled now. Future plans Agr&e the lease Apply for capital funding- grant5 and donations Work with professional advisers to ensure we have the structure in place to deliver the project. Continue to raise the profile of the charity so that we can find committed volunieeTS and obtain donation5 Showcase the work of Ride United so that more people use and are aware of the facility Structure, governance and management Governing document The charity is controlled by its governing docurnent. a deed of trusi. and consritutes a limited company. lirHited by guarantee, as defined by the Companies Act 2006. Approved by order of the board of trustee5 on 19 November 2025 and signed on its behalf by.. Ms V A Stock- Trustee
Independent Examiner's Report to the Trustees of The Adapted Sports Hub Trust I report to the trustees on rny examination of the financial starements of The Adapted Sports Hub Trust I'the charity'l for the Year ended S April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees. a5 a body. in accordance with section 145 of the Charities Act 2011_ My work has been undertaken so that I might state to the charity's rrustees those matters l am required to state to them in this report and lor no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's tnjstees as a body. for my woth, for thi5 report, or for the opinions I have formed. Responsibilitie5 and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the reouirement5 of the Charities Att 20111'the Act'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Oirections ryven by the Charity Commission under section 14515llbl of the Act. An independent exarnination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditof considers in giving their opinion on the financial statements. The planning and conduct ol an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fair. view and my report is limited to those Specific matters Set out in the independent examiner's statement. Independent exarniner's statement I have completed my examination. I confirm thar no material tllatters have come to my attention in conriection with the exarnination giving me cause tts believe that in any material respect.. - accountiag records were not kept in respect of the charity a5 required by section 130 of the Act.. or the financial statements do not èccord with those record5: Of the financial Statements do not comply with the applicable requirements concerning the form and content of accounts Set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requiretnent that the accounts give a 'true and fair view which is not a matter considered as part of an independent exarnination. I have no concerns and have come across no other rnatters in connection with the examinBtion to which attention should be drawn in this report in order ro enable a proper understanding of rhe financial statement5 to be reached. D3n lastrzebski FCA CTA Stephenson Smart (East Anglial Limited Chartered Accountants 22-26 King Street King's Lynn Norfolk PE30 IHJ 19 November 2025
The Adapted Sports Hub Trust Statement of Financial Artivities for the Year Ended 5 April 2025 5.4.25 Total funds 5.4.24 Total funds Unrestricted fund Restrirted fund Notes Income and endowments from Donations and legacies 23.399 23.399 io.(K)o Charitable activities Grants received 50.(I)) 50.(KK) Investment income 387 387 Total 23.786 so,o(YJ 73.786 iO,(KJO Expenditure on Other 1.096 1.096 INCOME 22.690 s0.ocKJ 72.690 10.000 Reconciliation ol fund5 Total funds brought forward io.ioo 10,100 100 Total funds tarried forward 32.790 50.0( 82,790 10.100 The notes form part of these financial statements
The Adapted Sports Hub Trust Balance Sheet 5 April 2025 5.4.25 Total funds 5.4.24 Total funds Unrestricted fund Restrirted fund Notes Current assets Cash at bank 32.790 50,OCM) 82.790 io,ioo Net cuNent assets 32.790 s0.0j 82,790 10,10 Total assets less current liabilitie5 32,790 82.790 io.ioo NET ASSETS 32,790 50.0 82,790 10,100 Funds Unrestricted funds Restricted funds 32.790 50.000 io.ioo Total funds 82,790 io.ioo The charitable company is entitled to exemption from audit ¢Jnder Section 477 of the CorTipanie5 Act 2006 for the year ended 5 April 2025. The members have not required the company to obtain an audit of it5 financial 5tatement5 for the year ended S April 2025 in accordance with Section 476 of the Companies Act 2006. The trustee5 acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companie5 Att 2006 and preparing financial statements which give a true and fair view of the state ol affair5 of the charitable company a5 at the end c>f each financial year and of its sv¥plus or deficit for each financial year in accordance with the requirement5 of Sections 394 and 395 and which otherw¢se comply with the requirements ol the Companies Act 2CM76 relating to financial statement5. 50 faT as applicable to the charttable company. The notes form part of these financial statements
The Adapted Sports Hub Trust Balance Sheet- continued 5 April 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable cornpanies subject to the small companies regime. The financial staternent5 were approved by the Board of Trustees and authori5ed for issue on 19 November 2025 and were signed on its behalf by.. Ms V A Stock- Trustee Ms K L M Ftsher- Trustee Ms M J King- Trustee The notes form part of these financial statements
The Adapted Sports Hub Trust Notes to the Financial Statements for the Year Ended 5 April 2025 Accounting polities Basis of preparing the finantial statements The financial statement5 of the charitable company. which is a public benefit entity under FR5 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Chèrities.. Statement of Recommended Pracrice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in rhe UK and Republic of Ireland. and the Cornpanie5 Act 2CQ6. The financial staternents have been prepared under the historical cost convention. Income All Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be fflea5ured reliablv. Expenditure Liabilitie5 are recognised as expenditure as soon as there 15 a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of econornic benefits will be required in settlement and the amount Df the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has beeFI clas51fied under headings that aggregare 311 cost related to the category. Where c05t5 cannot b directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resource5. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used lor particular restricted purposes within the objects of rhe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of rhe nature and purpose of each fund is included in the notes to the financial statements. Investment income 5.4.25 5.4.24 Deposit account interest 387
The Adapted Sports Hub Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2025 Trustees. remuneration and benefits There were no tru5tees' remuneration or other benefits for the year ended S April 2025 nor for the year ended 5 April 2024. Tru5tees' expensès There were no tru5tees' expenses paid foi the year ended 5 April 2025 nor for the year ended 5 April 2024. Comparatives for the 5t3tement of financial artivities Unrestricted fund Income and endowments from Donations and legacies 10.000 NET INCOME 10,000 Reconciliation of funds Total funds brought forward loo Total funds carried forward io,ioo Movement in fund5 Net movement in funds At 6.4.24 At 5.4.2S Unrestricted funds General fund io.i(KJ 22.690 32,790 Restricted funds Build fund 50,(KJO 50,(M)O TOTAL FUNDS io.i(w) 72.690 82,790
The Adapted Sports Hub Trust Notes to the Financial Statements - continued for the Year Ended 5 April 2025 Movemerbt in funds- continued Net movement in funds, inclvded in rhe above are as follows= Incoming resourtrs Resources expended Movement in funds Unrestrictetl funds General fund 23.786 11,0961 22,690 Restricted funds Build fund 50.0(K) 50.000 TOTAL FUNDS 73.786 11.0961 72,690 Comparatives for movement in funds Net movement in funds At 6.4.23 At 5.4.24 Unrestricted funds General fund loo iO.(KKJ io,ioo TOTAI FUNDS loo io,Th io,ioo Comparative net movernent in funds. included in the above are a5 follow5.. Incoming resources Resources expended Movement in funds Unrestricled funds General fund iO.OCM) lo,0 TOTAL FUNDS io,oTr) 10,000 io
The Adapted Sports Hub Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2025 Movement in funds. continued A current year 12 month5 and prior year 12 months combined position 15 as follows- Net movement in funds At 6.4.23 At 5.4.25 Unrestritled funds General fund 32.690 32,790 Restricted funds 8uild fund 50.000 50.000 TOTAL FUNDS 82.690 82,790 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follow5.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 33.786 11.0961 32,690 Restricted funds Build fund 50.000 TOTAL FUNDS 83,786 11,0961 82,690 Related party disclosures There were no related party transactions for the year ended 5 April 2025. li
The Adapted Sports Hub Trnst Detailed Statement of Financial Artivities for the Year Ended 5 April 2025 5.4.25 5.4.24 Income and endowments Donations and legacies Donations 23,399 10,000 Investment Fncome Deposit account interest 387 Charitable actiwties Grants 50.000 Total incoming resources 73.786 10.000 Expenditure Support C05tS Management Postage and stationery Advert15ing 1,038 1,041 FinaThce Bank charges 55 Total resources expended 1,096 Net income 72,690 10,000 This page does not form part of the statutory financial statements 12