03
Trustees’ Annual Report for the period
From 01/04/2024 to 31/03/2025 Charity Name: Speed For Sport Charity registration No: 1202155
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity aims to promote community participation in healthy recreation by providing facilities and organising activities for athletics and other sports to improve health. It supports those in need, including youth, the elderly, and disadvantaged groups, by offering sports, recreation, and leisure opportunities to enhance well-being and quality of life. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Speed for Sport charity focuses on activities that promote healthy recreation and education to benefit the community. The charity organises and provides access to athletics and sports activities designed to improve physical and mental health. It offers coaching sessions, training programs, and sports facilities to support individuals of all ages and abilities, including youth, elderly, and disadvantaged groups. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees of Speed for Sport confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit when reviewing the charity's aims and objectives, planning future activities, and ensuring that all initiatives and services provided already in line with the principles of public benefit. This includes ensuring that our programs, projects, and facilities are accessible to a wide range of individuals, particularly those who may face barriers to participation, in accordance with our mission to improve health, well-being, and education through sport. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Speed for Sport is committed to ensuring
| Policy on grant making | Para 1.38 | that any grants awarded are consistent with our charitable purposes and directly contribute to the promotion of healthy recreation, education, and community well- being through sports and athletics. |
|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | Volunteers play a big role in Speed for Sport by supporting coaching sessions, assisting with events, and helping to maintain engagement. Their dedication enables the charity to deliver high-quality programs, expand its reach, and provide inclusive opportunities for community participation in sports and recreation. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Speed for Sport has made significant strides in promoting health, fitness, and personal development through accessible athletic programs and facilities. Our initiatives have improved physical well- being, confidence, and teamwork among participants, particularly children and young people, while offering inclusive opportunities for those facing social or economic challenges. By encouraging community engagement and supporting recreational activities, the charity has contributed to strengthened social connections and long-term positive impacts on the lives of individuals and the broader community. |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
Speed for Sport has achieved significant progress against its objectives by increasing community participation in athletics and sports, providing accessible and activities, and promoting health and well-being. We have successfully delivered programs tailored to children, young people, and improving their physical health and social inclusion. Additionally, we have |
|---|---|---|
| advanced education through workshops , adding more sessions and coaching, equipping participants with skills and confidence for personal development. |
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|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | We have primarily relied on grants to support the growth of the charity, as we charge only a small fee for participants. With additional guidance, we believe we can enhance our approach and achieve even greater sustainability. |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Against the backdrop of limited resources and insecurities over funding, it has continued to be difficult to plan or develop services. Nevertheless, the charity, with the aid of sound financial management and the support its of volunteers generated a positive financial outcome for the period. We have had success in obtaining new funding, which will provide much needed additional resources. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees have examined the charity’s requirements for reserves. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 2 months of the expenditure. The reserves are needed to meet the working capital requirements of the charity. |
| Amount of reserves held | Para 1.22 | Nil |
| Reasons for holding zero reserves |
Para 1.22 | No profit made |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | There are no significant uncertainties regarding Speed for Sport's ability to continue as a going concern. However, as the charity relies primarily on grants for funding, the sustainability of its operations depends on securing ongoing financial support. Efforts are being made to diversify income streams and ensure financial stability. |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
The charity's principal source of funds to date has been grants. We have not engaged in additional fundraising activities so far but aim to explore these opportunities in the future to diversify our funding streams. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | The principal risks facing Speed for Sport include reliance on grants as the primary funding source, potential difficulties in securing future funding, and the challenge of maintaining affordable participation fees while covering operational costs. Additionally, ensuring consistent volunteer and staff availability to meet demand is a |
consideration. Other
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The trustees of Speed for Sport CIO are selected and operate in accordance with the charity's constitution. Trustees are responsible for managing the affairs of the CIO and may exercise all its powers during quorate meetings. New trustees are provided with a copy of the constitution and the latest annual report and accounts upon appointment. Trustees may vacate their role through resignation, absence from consecutive meetings without reason, or by majority vote if their conduct is prejudicial to the CIO. Decisions are made by majority vote, and sub- committees may be established with at least one trustee present, reporting regularly to the board. |
| Additional information (optional) You may choose to include further statements where relevant about: |
||
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The trustee induction and training follow a structured process to ensure trustees are fully equipped for their roles. New trustees receive key documents, including the charity's constitution and annual report, and are briefed on their responsibilities, such as acting in the charity's best interests and managing conflicts of interest. They are introduced to governance procedures, decision-making processes, and meeting requirements. Ongoing training and mentoring from experienced board members support their development, ensuring they can effectively manage the charity in line with its constitution |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
N/A Para 1.51 |
N/A |
Other
Reference and Administrative details
| Charity name | Speed For Sport |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1202155 |
| Charity’s principal address | 6 Throstle view Menston Ilkley LS29 6SE |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Timothy Anderton Abeyie |
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| Tafadzwa Nyakurerwa |
||||
| Adebowale Ademuyewo |
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Timothy Anderton Abeyie
Position (eg Secretary, Chair Chair, etc)
Date
03/12/2025
SPEED FOR SPORT A charity registered in England & Wales Charity No: 1202155 End of Year Report For thefinanclolyear 1st April 2024_ 31rt March 2025
Speed For SpNt- Charity Profft And Loss Account For tho year ended 31 March 2025 2025 Incomo ants- Hamafa HLC Grants- Leeds City Council Granls. Ono Comfflunty FwndatK>n Sales 10,C(Q 185 11.485 C08t of 8a Dire labwr (1,4301 19061 {1,7521 9,733 Aco)untan¢y f¥05 Athtyl8ing 8nd PR Bonk dwrges Gym hlre Olher legal and wof {8W) (8.786} 121) (1.865) (300) (210) 192) Stallonery and pfvittng 111.853) Net1088 12,120) Pag81 of1
Speed For Swt- Charity Balance Sheet As at 31 March 2025 2025 Bonk The Copopernuve Supplrers Brand Storte8- Lu01 MooTo Cop)fyd Ltd- H¢Jodie Hut (4651 16701 (1,135) Creditor• TTUStee RerThJneral1ion {943) Nel Ilabilkn"¢$ Profil and1088 acctyjnt BrOlft forwwd N8t loss (2,120) 12,078) Total fund$ P,076) Pa9•1of1