**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.| |---|---|---| |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:||| |---|---|---| |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
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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|||| ||Tafadzwa
Nyakurerwa|||| ||Adebowale
Ademuyewo|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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)fy￿d Ltd- H¢Jodie Hut (4651 16701 (1,135) Creditor• TTUStee RerThJneral1ion {943) Nel Ilabilkn"¢$ Profil and1088 acctyjnt BrO￿lft forwwd N8t loss (2,120) 12,078) Total fund$ P,076) Pa9•1of1