REGISTERED COMPANY NUMBER: CE037114 (England and Wales) REGISTERED CHARITY NUMBER: 1209494
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
FOR
SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR
SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
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Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 13
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
REPORT OF THE TRUSTEES FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 7 August 2024 to 31 July 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).
The charitable company commenced operations on 7 August 2024.
Prior to the incorporation date below, it operated as a social club.
INCORPORATION
The charitable company was incorporated on 7 August 2024.
OBJECTIVES AND ACTIVITIES
Policies and Objectives
The objects of the charity are to promote and develop wheelchair rugby in the community, specifically in Hampshire and the surrounding area, by provision of facilities for the playing of wheelchair rugby, and to co-ordinate the development and management of wheelchair rugby teams. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Activities Undertaken to Achieve Objectives
The charity facilitates the running of a wheelchair rugby team, Solent Sharks Wheelchair Rugby Club (the Club), by the provision of equipment and facilities required to play wheelchair rugby, as well as providing coaching and financial support to enable the team to compete in the national competitions. The charity actively seeks to recruit new members to the team from the community by promoting the sport in Hampshire and the surrounding area, with taster sessions and by attending relevant events.
Public Benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have had regard to it when reviewing the aims and objectives of the charity, and in planning its future activities. The trustees consider how planned activities will contribute to the objectives set by the charity, specifically the promotion of community participation in wheelchair rugby.
ACHIEVEMENTS AND PERFORMANCE
Main Achievements of the Charity
The charity continues to operate allowing people with disabilities to train and play wheelchair rugby with the club. The club provides chairs, equipment, facilities and coaching for this to be possible. Within the club there are currently four different teams that compete in three different disciplines of the sport (3s, 4s & 5s) at different levels.
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
REPORT OF THE TRUSTEES FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
FINANCIAL REVIEW
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves Policy
The charity's policy on reserves is to seek to maintain approximately 3 months' running costs within unrestricted reserves. This amounts to approximately £16,415. At the period end the charity has total reserves of £73,118, consisting of unrestricted reserves of £72,018, and restricted reserves of £1,100. Unrestricted reserves relate to funds which have no restriction on their use and include monies generated from members' subscription fees and general fundraising. These reserves are used to meet the day to day running costs of the charity. Restricted reserves relate to funds generated for specific purposes; these reserves will be used in accordance with the restrictions stipulated by the donor. These funds usually relate to capital expenditure such as the purchase of wheelchairs, sports equipment and any other specialised equipment required. They will be expended at such time that the equipment is required.
Financial Position
The charity has recorded a surplus of £73,118 for the period and has net assets of £73,118 at 31 July 2025. Income generated during its first year as a registered charity, 2024/25 was £109,238. The majority of income is raised through professional fundraisers. The majority of the reserves carried forward relate to unrestricted funds.
Principal Funding
The charity receives grants and donations from other charities and supporters and the majority of this income is generated through professional fundraisers who are contracted to fundraise on the charity's behalf. The charity also generates income from club memberships and direct donations. Restricted income is held in the restricted fund upon receipt. The cost of the restricted expense is then deducted from the restricted fund when required.
Future Developments
The club's main goal for the future is to continue providing opportunities for people with disabilities to train and play with the club and to continue competing in the league competitions. In addition, the club will continue to support and encourage volunteers to progress and improve their skills.
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
REPORT OF THE TRUSTEES FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution
Solent Sharks Wheelchair Rugby Club is a registered charity, number 1209494, and is controlled by its governing document, a deed of trust, and is constituted as a charitable incorporated organisation.
Methods of Appointment or Election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Policies Adopted for the Induction and Training of Trustees
Trustees receive training and induction as required, through sessions with other trustees, as well as attending external training courses with organisations such as the GBWR. Skills shortages on the Board are also kept under constant review and recruitment of new trustees is targeted accordingly.
Management
The charity is administered and managed by an elected committee, in accordance with its constitution. The committee consists of a Chair, Vice Chair, Treasurer and Secretary, together with the other members.
Recruitment and Appointment of New Trustees
New trustees are elected by members at the AGM to provide the charity with the skills necessary to operate the charity and achieve its objectives. If relevant the Trustees can co-opt a new member on to the Club's Committee between AGMs on the understanding that this new member stands for election at the next possible AGM.
Risk management
The trustees have identified and reviewed the risks to which the charity is exposed and have implemented appropriate systems and controls to manage those risks. The main risk facing the charity is the sourcing of funds, as the charity's main source of income is grants and donations. The trustees' response to this risk is to continue using the services of Corporate Direct Fundraising, who have been successful in raising significant income for the charity. The trustees recognised the risk of a depletion of unrestricted funds being available to support future general charitable activities and have requested that Corporate Direct Fundraising focus on sourcing donations for the charity that do not carry restrictions that preclude the use of the income for general charitable purposes.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE037114 (England and Wales)
Registered Charity number
1209494
Registered office
Southampton Solent University East Park Terrace Southampton Hampshire SO14 0YN
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
REPORT OF THE TRUSTEES FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
Trustees
O J Cole (appointed 28.2.2024) (resigned 9.9.2025) P M Hull (appointed 28.2.2024) P J Wells (appointed 28.2.2024) N R Melly (appointed 28.2.2024) Mrs E L H Smith (appointed 28.2.2024) V Barton (appointed 28.2.2024)
Independent Examiner
Michaela Johns FCCA Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles of the Charities SORP (FRS 102).
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Make judgments and accounting estimates that are reasonable and prudent.
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State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements.
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
29 Oct 2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Peter Hull
.......................................................................... P M Hull - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
Independent examiner's report to the trustees of Solent Sharks Wheelchair Rugby Club CIO ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 7 August 2024 to 31 July 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Michaela Johns FCCA
The Association of Chartered Certified Accountants
Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR 29 Oct 2025 Date: .............................................
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 81,232 15,486 Charitable activities 5 Wheelchair rugby 8,990 - Other trading activities 3 102 - Investment income 4 126 - Other income 1,600 - Total 92,050 15,486 EXPENDITURE ON Raising funds 13,176 - Charitable activities Wheelchair rugby 21,679 14,391 Total 34,855 14,391 NET INCOME 57,195 1,095 Transfers between funds 11 (5) 5 Net movement in funds 57,190 1,100 TOTAL FUNDS CARRIED FORWARD 57,190 1,100 |
Total funds £ 96,718 8,990 102 126 1,600 107,536 13,176 36,070 49,246 58,290 - 58,290 58,290 |
|---|---|
The notes form part of these financial statements
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
BALANCE SHEET 31 JULY 2025
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 8 20,170 - CURRENT ASSETS Debtors 9 1,773 - Cash at bank 38,187 1,100 39,960 1,100 CREDITORS Amounts falling due within one year 10 (2,940) - NET CURRENT ASSETS 37,020 1,100 TOTAL ASSETS LESS CURRENT LIABILITIES 57,190 1,100 NET ASSETS 57,190 1,100 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Total funds £ 20,170 1,773 39,287 41,060 (2,940) 38,120 58,290 58,290 57,190 1,100 58,290 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
BALANCE SHEET - continued 31 JULY 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
29 Oct 2025
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
Peter Hull
............................................. P M Hull - Trustee
The notes form part of these financial statements
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 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.
Going concern
The trustees consider there to be no material uncertainties about the charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Membership fees are subscriptions payable by individuals or organisations for membership benefits. The income is recognised over the period the membership covers on a straight-line basis unless benefits are delivered at identifiable times, in which case income is recognised when each benefit is provided.
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.
Tangible fixed assets
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.
Furniture and equipment - Straight line over 5 years
Tangible fixed assets are stated at historical cost, less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of financial activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
1. ACCOUNTING POLICIES - continued
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.
Financial assets
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the balance sheet when the charity becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
2. DONATIONS AND LEGACIES
| Donations Donated assets on transfer from club status to charity status 3. OTHER TRADING ACTIVITIES Kit sales |
£ 56,753 39,965 96,718 £ 102 |
|---|---|
continued...
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
| 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Membership fees Wheelchair rugby 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Accountancy fees Independent examination Depreciation - owned assets Surplus on disposal of fixed assets 7. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the period ended 31 July 2025. Trustees' expenses During the period ended 31 July 2025, reimbursed expenses of £579 was paid by the CIO to 2 trustees. 8. TANGIBLE FIXED ASSETS |
4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Membership fees Wheelchair rugby 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Accountancy fees Independent examination Depreciation - owned assets Surplus on disposal of fixed assets 7. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the period ended 31 July 2025. Trustees' expenses During the period ended 31 July 2025, reimbursed expenses of £579 was paid by the CIO to 2 trustees. 8. TANGIBLE FIXED ASSETS |
£ 126 £ 8,990 £ 1,856 1,140 5,563 (1,600) |
|---|---|---|
| Furniture and equipment £ COST Additions 25,733 DEPRECIATION Charge for year 5,563 NET BOOK VALUE At 31 July 2025 20,170 |
| TANGIBLE FIXED ASSETS | |
|---|---|
| COST Additions |
Furniture and equipment £ 25,733 |
| DEPRECIATION Charge for year |
5,563 |
| NET BOOK VALUE At 31 July 2025 |
20,170 |
continued...
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£ Prepayments and accrued income 1,773 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR £ Accruals and deferred income 2,940
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
11. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |
|---|---|
| Unrestricted funds General fund Restricted funds Annual Awards Evening Charles Lewis Foundation |
Net Transfers movement between in funds funds At 31.7.25 £ £ £ 57,195 (5) 57,190 (5) 5 - 1,100 - 1,100 |
| 1,095 5 1,100 |
|
| TOTAL FUNDS | 58,290 - 58,290 |
| Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Annual Awards Evening Charles Lewis Foundation Greene King Tournament Fees Masons Fund |
Incoming Resources Movement resources expended in funds £ £ £ 92,050 (34,855) 57,195 390 (395) (5) 1,100 - 1,100 4,000 (4,000) - 9,996 (9,996) - |
| 15,486 (14,391) 1,095 |
|
| TOTAL FUNDS | 107,536 (49,246) 58,290 |
Annual Awards Evening: - Restricted towards the costs for an Annual Awards Evening.
Charles Lewis Foundation: - Restricted towards the purchase of camera equipment and bluetooth speakers.
Greene King Tournament Fees: - Restricted towards the cost of Greene King Tournament Fees.
continued...
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SOLENT SHARKS WHEELCHAIR RUGBY CLUB CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 7 AUGUST 2024 TO 31 JULY 2025
11. MOVEMENT IN FUNDS - continued
Masons Fund: - Restricted towards the purchase of equipment such as wheelchair rugby wheelchairs, balls, inner tubes & tyres.
12. RELATED PARTY DISCLOSURES
The only related party transactions are trustees' expenses which have been disclosed in the trustees' remuneration and benefits note.
13. MEMBER'S LIABILITY
If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
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