**REGISTERED CHARITY NUMBER: 1202392** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2025** **for** ## **Kingswood Sports CIO** 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG **Kingswood Sports CIO** ## **Contents of the Financial Statements for the Year Ended 31 March 2025** |||**Page**|| |---|---|---|---| |**Chairman's Report**||1|| |**Report of the Trustees**|2|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|12| |**Detailed Statement of Financial Activities**|13|to|14| **Kingswood Sports CIO** ## **Chairman's Report for the Year Ended 31 March 2025** As Chair of Kingswood Sports CIO, I am immensely proud to lead an organisation that delivers such profound and measurable value to our community. Our ability to generate £3.1 million in social value annually is a powerful testament to the tireless dedication of our volunteers and the transformative power of sport. We have become a vital multi-sport hub, offering accessible and inclusive activities that enhance the physical and mental well-being of thousands of local people. However, our very success has brought us to a critical point. The demand for our services continues to grow, yet our ability to meet this need is severely constrained by our reliance on externally managed, often inadequate, facilities that are hired. To continue having the life-changing impact our community deserves, we must secure a permanent, high-quality home. To achieve this, the Board has made the strategic decision to invest in a professional leadership team to drive our vision forward. Our goal is clear: to build a sustainable, multi-sport community facility that will serve as a beacon of opportunity and well-being for generations to come. This report details our significant achievements and outlines the ambitious future we invite our partners and funders to help us build. Page 1 **Kingswood Sports CIO** ## **Report of the Trustees for the Year Ended 31 March 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The primary objective of the charity is to promote community participation in healthy recreation. Our vision is to be the heartbeat of the local community, using the power of sport to unite all. Our mission is to harness the unifying power of sports to create a positive social impact by providing accessible, high-quality sports programs for all. ## **Public benefit** The Trustees confirm they have had due regard to the Charity Commission’s guidance on public benefit. Kingswood Sports CIO operates as an essential public service, delivering tangible benefits to the residents of some of the most deprived wards in England, with a primary focus on the HU7, HU8, and HU9 postcodes of Hull. Our work is strategically aligned with the key priorities of Hull City Council, focusing on improving public health, creating safer communities, enhancing social cohesion, and providing positive pathways for young people. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** Our impact this year, as quantified by an independent socio-economic review from the England Football Association, has been valued at an outstanding ’3.1 million in social and economic value to our community. Performance Highlights: -Community Reach: We engaged with 959 youth players, 80 adult players, and 3,300 community members from a wider audience. -Youth Impact (Value: ’708,000): Our programmes have made young people happier (82%), more confident (80%), and less anxious (63%). -Adult Impact (Value: ’233,000): Our activities directly contribute to a 20-40% reduction in the risk of non-communicable diseases for participants. -Workforce Impact (Value: ’2.1 million): Our volunteers contributed 86,907 hours of support, equivalent to a salary value of ’1.3 million. Our Impact: The Stories Behind the Statistics -Case Study: The Youth Player . "Finding a Voice" Leo (Anonymous) joined us as a shy 8-year-old. Our welcoming environment, focused on effort rather than ability, helped him blossom into a confident and vocal member of his team. "The club gave him more than just football; it gave him a place to belong... Itfs changed his life, and ours." -Case Study: The Empowered Player . "From Surviving to Thriving" Sarah (Anonymous) joined our ladies' session to find a purpose beyond a high-pressure job while battling mental health challenges. The team became her anchor. Empowered by her journey, she now mentors new members. "This team gave me a reason to fight for myself again... Now, being able to help other women take that first step is the best feeling in the world." -Case Study: The Enduring Supporter . "A Lifeline on the Sidelines" David's (Anonymous) connection began as a parent and became a vital support system for his own mental health. Years after his children have moved on, he remains an active volunteer. "I first came for my kids, but I stayed for myself. For my mental health, this club has been an absolute lifesaver." Page 2 **Kingswood Sports CIO** ## **Report of the Trustees for the Year Ended 31 March 2025** ## **FINANCIAL REVIEW** ## **Financial position** A cornerstone of our financial model is the substantial and reliable recurring revenue generated from membership fees, which amounted to £153,552 this year. This predictable income provides exceptional cash flow stability, covers all core operational costs, and demonstrates a strong 'buy-in' from the community we serve. It means that external grants can be used for growth and impact, rather than simply sustaining operations. Total turnover for the year was £352,433 resulting in a healthy operating profit (surplus) of £58,176. Building on this success, we project 15% year-on-year growth, forecasting a turnover of approximately £349,800 for the 2025-26 period. ## **Reserves policy** The year's surplus has allowed the charity to comfortably meet and exceed its reserves target of approximately £18,500, ensuring financial stability for the future. ## **FUTURE PLANS** Our incredible success has brought us to a critical juncture. Our reliance on hiring external facilities is no longer sustainable, with projected annual costs set to exceed ’100,000. This model poses a significant financial risk and is the single biggest barrier to our future impact, necessitating a reduction in our services during the winter months. Our primary strategic objective is to secure a permanent, purpose-built home for the Kingswood Sports CIO. This is an essential step to ensure our long-term future. Owning our own facility will: -Secure Financial Sustainability: Redirect over 100,000 in annual hire costs directly into expanding our front-line community services. -Guarantee Year-Round Impact: Provide all-weather facilities to eliminate winter closures and ensure consistent, reliable support for our community. -Unlock Our Full Potential: Create a permanent community hub that allows us to double our programme capacity and secure a vital asset for the people of Hull for generations to come. Our professional leadership is in place, our governance is robust, and our social impact is proven. We are now actively seeking grant funding and strategic partnerships to bring this vision to life. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Kingswood Sports CIO is governed by its board of trustees, who meet monthly. To manage our significant growth, the Board has made a crucial strategic investment by recruiting a Charity Manager and a Business and Outreach Manager. ## Our Team: A Powerful Combination Our operational model is a hybrid of community passion and professional expertise. The 243 volunteers are the lifeblood of our CIO, providing the front-line delivery, local knowledge, and dedication that make our work possible. This incredible volunteer force is now supported by our new professional leadership team, who provide the strategic direction, operational management, and fundraising expertise necessary to drive our ambitions and ensure robust governance at scale. This combination ensures we remain deeply rooted in our community while operating with the professionalism required to manage significant projects and funding. Risk Management and Governance in Action The Board actively oversees a suite of over 20 bespoke policies, each of which is reviewed annually and assigned to a designated lead officer. Our policies are continually updated to reflect the latest mandatory requirements from the FA and the RFL. They are rigorously aligned with the statutory guidance of 'Keeping Children Safe in Education' (KCSIE), ensuring our safeguarding and operational standards remain at the highest possible level. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1202392 Page 3 **Kingswood Sports CIO** **Report of the Trustees for the Year Ended 31 March 2025** ## **Principal address** Kinloss Garth Bransholme Hull East Yorkshire HU7 4LY ## **Trustees** Mr M P Corlyon (appointed 17/7/2024) Mr J Hobson (appointed 25/11/2024) Ms C Purdue (appointed 17/7/2024) Mr C Joynson Ms L Dyas Mr M Hoult (appointed 28/10/2025) The Trustees are pleased to present their annual report for the year ended 31 March 2025, a year in which the charity has not only delivered exceptional community value but has also taken decisive steps to build a professional and sustainable future. ## **Independent Examiner** Sophie Holmes ACA FCCA 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG 20 Jan 2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by: Mike Corlyon ........................................................................ Mr M P Corlyon - Trustee Page 4 **Independent Examiner's Report to the Trustees of Kingswood Sports CIO** ## **Independent examiner's report to the trustees of Kingswood Sports CIO** I report to the charity trustees on my examination of the accounts of Kingswood Sports CIO (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 360 Sophie Holmes ACA FCCA The Institute of Chartered Accountants in England and Wales 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG 20 Jan 2026 Date: ............................................. Page 5 **Kingswood Sports CIO** ## **Statement of Financial Activities** ## **for the Year Ended 31 March 2025** |**31/3/25**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**218,174**
**Charitable activities**
Charitable activites
**84,344**
Other trading activities
2
**50,176**
Investment income
3
**-**
**Total**
**352,694**
**EXPENDITURE ON**
Raising funds
4
**185,544**
**Charitable activities**
Charitable activites
**105,698**
**Total**
**291,242**
**NET INCOME**
**61,452**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**15,714**
**TOTAL FUNDS CARRIED FORWARD**
**77,166**|31/3/24
Total
funds
£
6,972
35,150
-
52
42,174
8,155
18,305
26,460
15,714
-
15,714| |---|---| The notes form part of these financial statements Page 6 **Kingswood Sports CIO** ## **Balance Sheet** ## **31 March 2025** |**31/3/25**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
7
**39,400**
**CURRENT ASSETS**
Debtors
8
**773**
Cash at bank
**53,100**
**53,873**
**CREDITORS**
Amounts falling due within one year
9
**(1,350)**
**NET CURRENT ASSETS**
**52,523**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**91,923**
**CREDITORS**
Amounts falling due after more than one year
10
**(14,757)**
**NET ASSETS**
**77,166**
**FUNDS**
12
Unrestricted funds:
General fund
**77,166**
**TOTAL FUNDS**
**77,166**|31/3/24
Total
funds
£
-
-
17,344
17,344
(1,630)
15,714
15,714
-
15,714
15,714
15,714| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 20 Jan 2026 Mike Corlyon............................................. Mr M P Corlyon - Trustee The notes form part of these financial statements Page 7 **Kingswood Sports CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements 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 measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 15% on reducing balance Computer equipment - 33% on reducing balance ## **Taxation** The charity is exempt from 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 for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 **Kingswood Sports CIO** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **2. OTHER TRADING ACTIVITIES** |**2.**|**OTHER TRADING ACTIVITIES**||| |---|---|---|---| |||**31/3/25**|31/3/24| |||**£**|£| ||Fundraising events|**18,515**|-| ||Course income|**5,988**|-| ||Sponsorships|**25,673**|-| |||**50,176**|-| |**3.**|**INVESTMENT INCOME**||| ||Deposit account interest|**31/3/25**
**£**
**-**|31/3/24
£
52| |**4.**|**RAISING FUNDS**||| ||**Raising donations and legacies**||| ||Support costs|**31/3/25**
**£**
**-**|31/3/24
£
4,272| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£| |---|---| |Donations and legacies|6,972| |**Charitable activities**|| |Charitable activites|35,150| |Investment income|52| |**Total**|42,174| |**EXPENDITURE ON**|| |Raising funds|8,155| |**Charitable activities**|| |Charitable activites|18,305| |**Total**|26,460| |**NET INCOME**|15,714| continued... Page 9 **Kingswood Sports CIO** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** ||||Unrestricted| |---|---|---|---| ||||fund| ||||£| ||**TOTAL FUNDS CARRIED FORWARD**||15,714| |**7.**|**TANGIBLE FIXED ASSETS**||| ||Plant and
Computer
machinery
equipment||Totals| ||**COST**|£
£|£| ||Additions|**39,174**
**5,981**|**45,155**| ||**DEPRECIATION**||| ||Charge for year|**5,619**
**136**|**5,755**| ||**NET BOOK VALUE**||| ||At 31 March 2025|**33,555**
**5,845**|**39,400**| ||At 31 March 2024|-
-|-| |**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||Trade debtors|**31/3/25**
**£**
**321**|31/3/24
£
-| ||Prepayments|**452**|-| |||**773**|-| |**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||Trade creditors|**31/3/25**
**£**
**60**|31/3/24
£
-| ||Taxation and social security|**(244)**|880| ||Other creditors|**1,534**|750| |||**1,350**|1,630| ||||| continued... Page 10 **Kingswood Sports CIO** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** |**10.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**|**YEAR**|| |---|---|---|---|---| ||||**31/3/25**|31/3/24| ||||**£**|£| ||Hire purchase (see note 11)||**14,757**|-| |**11.**|**LEASING AGREEMENTS**|||| ||Minimum lease payments under hire purchase fall due as follows:|||| ||Net obligations repayable:||**31/3/25**
**£**|31/3/24
£| ||Between one and five years||**14,757**|-| |**12.**|**MOVEMENT IN FUNDS**|||| ||**Unrestricted funds**|At 1/4/24
£|Net
movement
in funds
£|At
31/3/25
£| ||General fund|**15,714**|**61,452**|**77,166**| ||**TOTAL FUNDS**|**15,714**|**61,452**|**77,166**| ||Net movement in funds, included in the above are as follows:|||| ||**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£| ||General fund|**352,694**|**(291,242)**|**61,452**| ||**TOTAL FUNDS**|**352,694**|**(291,242)**|**61,452**| ||**Comparatives for movement in funds**|||| ||**Unrestricted funds**||Net
movement
in funds
£|At
31/3/24
£| ||General fund||15,714|15,714| ||**TOTAL FUNDS**||15,714|15,714| |||||| continued... Page 11 **Kingswood Sports CIO** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|42,174|(26,460)|15,714| |**TOTAL FUNDS**|42,174|(26,460)|15,714| |A current year 12 months and prior year 12|months combined position is as follows:||| |**Unrestricted funds**|At 1/4/23
£|Net
movement
in funds
£|At
31/3/25
£| |General fund|-|77,166|77,166| |**TOTAL FUNDS**|-|77,166|77,166| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
394,868
394,868|Resources
Movement
expended
in funds
£
£
(317,702)
77,166
(317,702)
77,166| |---|---|---| ## **13. RELATED PARTY DISCLOSURES** Several of the trustee's have children/ dependants who utilise the services of the charity, this is at non preferential rates. Mr C Joynson, a trustee, provides insurance services to the charity via the company he is employed by. Mr M Corlyon, a trustee, provide software services to the charity via Primary Technologies Limited. A company where he is a director. Several of the trustee's coach teams within the charity, this is at non-preferential rates. Page 12 **Kingswood Sports CIO** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Football club subscriptions
**Other trading activities**
Fundraising events
Course income
Sponsorships
**Investment income**
Deposit account interest
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Direct football costs
**Charitable activities**
Insurance
Postage and stationery
Advertising
Grants to individuals
**Support costs**
**Management**
Wages
Social security
Pensions
Rent
Light and heat
Repairs and renewals
Waste Disposal
Subscriptions
IT and software|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2025**
31/3/25
31/3/24
£
£
**-**
524
**10,760**
-
**207,414**
6,448
**218,174**
6,972
**18,515**
-
**5,988**
-
**25,673**
-
**50,176**
-
**-**
52
**84,344**
35,150
**352,694**
42,174
**185,544**
3,883
**2,346**
1,549
**273**
-
**338**
-
**-**
200
**2,957**
1,749
**49,259**
15,600
**3,730**
-
**499**
-
**11,966**
1,667
**-**
893
**9,872**
-
**1,833**
598
**635**
657
**463**
63
**78,257**
19,478| |---|---| ||| This page does not form part of the statutory financial statements Page 13 **Kingswood Sports CIO** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** ||31/3/25|31/3/24| |---|---|---| ||£|£| |**Management**||| |**Finance**||| |Vehicle running costs|**3,644**|-| |Sundries|**5,384**|-| |Bank charges|**3,558**|-| |Depreciation of tangible fixed assets|**5,755**|-| |Hire purchase interest|**3,733**|-| |**Governance costs**|**22,074**|-| |Accountancy and legal fees|**2,410**|1,350| |Total resources expended|**291,242**|26,460| |**Net income**|**61,452**|15,714| |||| This page does not form part of the statutory financial statements Page 14