Registered number: 02092919
Charity number: 327354
NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company Ilmlted by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Armstrongwatson,
Accountants, Business & Financial Advisers

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company Ilmlted by guarantee)
CONTENTS
Page
Reference and admlnlstratlve detalls of the Company, Its Trustees and advisers
Chalrman's statement
Trustees, responsibilities statement
10
Independent audltors, report on the flnanclal statements
Trustees, report (including strateglc report)
Consolldated statement of flnanclal actlvltles
15
Consolldated balance sheet
16-17
Company balance sheet
18-19
Consolldated statement of cash flows
20
Notes to the flnanclal statements
21-49

NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
A S Duncan. Chair
W A Allison (resigned 22 November 2023)
C E Rattigan
R K Ranganathan
D L Vickers (resigned 31 December 2023)
M A Bramley
N S Kosky {resigned 8 March 20241
A M MacGregor
K R Bunbury
E J Hepworth
Dr A B Fawcett (appointed 1 January 2024)
K Harbott (appointed 1 January 2024)
Company reglstered
number
02092919
Charlty reglstered
number
327354
Reglstered offlce
2 City Walk
Leeds
West Yorkshire
LS11 9AR
Chlef executlve offlcer
M D Gannon
Independent audltors
Armstrong Watson Audit Limited
Chartered Accountants
Statutory Auditors
Third Floor
10 South Parade
Leeds
West Yorkshire
LS15QS
Bankers
Nalional Weslminster Bank PIC
PO Box 154
8 Park Row
Leeds
LS15HD
Sollcltors
Blacks Solicitors LLP
City Point
29 King Street
Leeds
LS12HL
Patron
HRH The Princess Royal
Investment managers
Schroder and Co. Limited
1 London Wall Place
London
England
EC2Y SAU
Page 1

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
INTRODUCTION FROM THE CHAIR AND THE CHIEF EXECUTIVE OFFICER FOR THE YEAR ENDED 31
MARCH 2023
FOR THE YEAR ENDED 31 MARCH 2024
The chairman presents his statement for the year.
We are pleased to see that the number of people coaching has remained consistent in the last two years.
Despite the impact of the pandemic 2020-2022 and the current financial climate, coaching remains a catalyst for
people taking part in physical activity and sport.
There have been some notable changes in the makeup of the workforce as follows-
We know thal the average number of hours active coaches spend Coaching in a paid capacity per week has
increased since 2022.
The percentage of active coaches who are either paid in full or paid for some of their coaching has
increased.
More coaches say thal coaching is their primary occupation.
The average number of hours coaches sp8nd coaching in a voluntary capaclty per week has also incr8ased.
Whist thls Is good news, it is important that we ensure we work harder to address the many inequalities that still
exlst In society that either inhibit people coachlng or accessing coached activity.
The benefits of being active are many. and with mental health and wellbeing of the nation a key focus. we
continue to ensure coaches are well equipped to deal with any issues that may arise and have worked again with
Mind to ensure coaches gain the confidence to support people experiencing mental health problems effectively
and learn how to empower positive change and development.
We continue work closely with key partners including Sport England, UK Sport and CIMSPA to champion
professional recognition for the coaching workforce. Coaches make such a significant impact to the lives and
communities their s8rv8, it is only right they are recogrsised for the work they do and contribution they make.
Professlonal standards are the underplnnlng requlrements for a coach to practice. The standards have been
reviewed and rewritten over the last 2 years to take into account many aspects including: what coaches need to
know to address key b8haviours and practices In light of the Whyte Review, how we learn best and how we
make sure learning is more easily accessible.
In addition, and as part of our ongoing commitment to be 'Here for the Coach, we have spoken with hundreds of
coaches to not only help them understand and achieve professional ststus but to also ask them what they need
in addition to the professional standards. Key aspects include..
Self-care - what coaches can do to support themselves with all that is being asked of them.
Access to coach developers- someone or a community to help them develop as coaches.
Education and support for those organisations who employ and deploy coaches.
Standard operating procedures for the sector to include complaints procedures,
Easily accessible and digestible learning for coaches.
All of this feedback is now factored into the work we will do in the coming year to truly 'Be Here for the Coach.
As always. I would like to thank the board and the staff for their ongoing efforts in supporting the coaching
workforce.
Atholl Duncan
Chair
Date:
CLI 14J20Z4
Page 2

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
{A company limited by guarantee)
INTRODUCTION FROM THE CHAIR AND THE CHIEF EXECUTIVE OFFICER FOR THE YEAR ENDED 31
MARCH 2023 {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Chief Executive Officer presents his statement for the year.
Coaches continue to make a significanl and positive change to the lives of people and communities.
Whilst there are more demands and presSU￿S on coaches today than ever before, we have seen coaching
numbers remain stable. What we must do now is provide greater support and guidan￿ to offset the increasing
demands on coaches, and where necessary, be the voice of the coach and support where necessary, but also
challenge and shape the policies and practices being put in place for coaches and coaching.
Access to learning and development, the building of coaching communities and provislon of support services for
when things do not go to plan, are 81em8nts that we are committed to delivering to better support coaches.
The development of a new leaming experi8nce platform is underway as well as a new webslte. Whilst we have
some excellent learning material available, we need to ensure that for any coach, at any stage of their
development, they can navigate the most appropriate and relevant learning materials for their individual role and
needs. The new platform will enhance Ihis journey for all learners.
And just as great Coaches do, we have reflected on how we are doing against our purpose, not by just asking
ourselves, but by asking hundreds of coaches and the wider coaching workforce to tell us.
This insight has been critical in helping us rethink how we provide support to not just coaches but the wider
coaching workforce including coach developers, tutors and assessors. Over th8 last year we have had a cross
organlsalional working group to reevaluate how we operate and provide guidance, learning and support so that
we are truly coach focussed.
This work has not only informed our decision to invest in a new learning experienc8 platform but also shaped the
journey that coaches will go through. In addition to this, it has ensured we revisit and further develop the UK
Coaching Club where coaches can access a host of freely available material as well as enhanced material
through paid for membership. The ambition is to relaunch our UK Coaching Club proposition in autumn I winter
2024.
We continue to collaborate closely wlth key slakeholders and investors. We have successfully completed 6 and
12 monlh reviews to ensure investment into 2024-2025 continues. In addition, we have confirmed funding for the
continuation of Play Their Way, a campaign backed by UNICEF and 15 other partners, to ensure that childr8n
and young people have a posltlve and fulfilling experience In physlcal actlvlty and sport.
The economic climate we operate in remains a significant challenge that we need to face into In 2024-2025.
Whilst we will always keep pricing as low as possible for our customers, we must continue to grow our income
and investment slreams.
To offset any cost increases to our customers we must also consider increased investment from funders and
potential sponsors.
Long term financial sustainability will be a key focus of our work in 2024-2025.
Mark Gannon
CEO
Date:
Page 3

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
TRUSTEES. REPORT (INCLUDING STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees presenl their annual report together with the audited financial statements of the group and the
charity, The National Coaching Foundation, for the year ended 31 March 2024. The Trustees confirm that the
Annual Report and financial statements of the company comply with the current slatutory requirements, the
requirements of the company's governing document, and the provisions of the Statemenl of Recommended
Practice (SORP 2nd Edition), 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 20191. The
charity also trades under the name UK Coaching.
Objectlves and Actlvltle8
UK Coaching is the UK'S leading charitable organisation for sports and physical activity coaches. We empower,
educate, celebrate, and develop coaching to play a crucial role in building healthier and happier communities.
We believe that great coaching changes lives and communities and is the catalyst for a healthier future.
Our Vislon.. To build healthier and happier communities through great coaching.
Our Purpose: To be here for the coach by supporting all coaches to be great.
Our Mission.. To become the UK'S leading destination for learning and development, products and services for
coaches.
We support th8 coaching workforce to d81iver #Greatcoaching to th8 lives of millions.
How do w8 do this?
We R8pres8nt'. the voice of coaching in the UK, celebrating & representing coach8s in the m8dia, working
with the UK government for support, funding and legislation and championing inclusivity and diversity at
every step
We Empower.. Developing coaches through on and offline learning and courses, events and workshops for
every stage of their coaching journey
We Connect.. our community of peers, experts and Goaches to share best practice, elevate each other and
collaborat8 wilh sporting bodies and organisalions
We Asslsl: Providing toolkits, resources, insurance and specially selected partner offers via our UK
Coaching Club
Between 2023 and 2024 we have continued to be here for the coach by:
Providing high profile media stories and events through our Awards and Coaching Week and topical dates
and events e.g. SCA (Sudden Cardiac Arrest) awareness month, Play Their Way and Safeguarding Adults
week.
Driving the Play Their Way Campaign to build greater awareness of Voice, Choice, Journey and how to
engage children and young people to build Iheirjourney and experience of physical activity and sport.
Guiding, supporting and providing servic8S to the many system partners who 8mploy, dgploy and develop
the coaching workforce.
Supporting coaches in the talent and elite pathways to better support themselves and their participants by
coaching the person first.
Further developing the UK Coaching Club offer after engaging coach8s dir8Ctly to give feedback.
Page 4

TRUSTEES. REPORT (INCLUDING STRATEGIC REPORT) CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Our values define how we will deliver our strategic goals. Taking collective ownership of these cultural
behaviours and guiding principles will help drive our success over the next ten years.
We Collaborate: We foster an environment of respect and inclusivity that supports self-discovery.
authenticity, and belonging. We encourage the diversity of thoughts, experiences, and backgrounds and
celebrate participation and partnership in all our endeavours.
We Coach: Great coaching is about a person-centred experience that Is positive, motivational, caring, and
rewarding. We solicit the input of others and strive for transparency and inclusiveness in all communications,
ensuring that people feel heard.
We Cara.. We care about diversity in physical aclivity and sport and proactively strive to tackle inequalities.
We care about making physical activity and sport safe and accessible to everyone. We demonstrale
empathy, being supportive, take a non-judgemental approach and strive to create an environment of
psychological safety.
We Champion Innovatlon.. We recognise the importance of growth and strive to create an atmosphere of
continuous improvement. We embrace slate-of-lhe-art technology and innovate by providing high- quality
learning content and delivery. We are bold. and are prepared to rip up the rule book and look for new way5
to achieve our collective goals.
The organisation has taken considerable time and energy this year to focus on our own people and Culture work.
As such a number of events have taken place whereby colleagues have developed a Culture canvas for th&
organisation which sets out some key aspects in lerms of 'what it feels like to work here, and 'how we do what
we do,.
This work is ongoing and is having a significant and positive impact re ownership and accountability.
Publlc benefll
Our Trustees have complied with their duty in accordance with the UK Charlties Act 2011 to follow the Charity
Commission's guidance on the operation of this public benefit and the Trustees feel that the activities of the
charity are such that th8 requir8m8nl is fulfilled without unfair restriction on access and without producing any
detriment to the public. In particular, the trustees take car8 to ensure that planned activities contribute to the
charity's aims and objeclives.
Strateglc Intent
UK Coaching's strategic Intent can be read in full on the following websit8'.
https:Ilwww.ukcoa¢hing.orglabouVabout-uslour-strategic-intenl
The board are conscious that whilst coaching has significant impact in communities and on people's lives, not
everyone has the same or equal opportunity to Coach or be coached.
Our strateglc Intent document released 2023-2024 outlines where we will focus to ensure greater opportunity for
more people to coach or be coached.
To achieve the outcomes within it, we will need to consider how we generate more resource and support to
address these specific challenges. This will be a focus of our work in 2024-2025.
UK Coaching Club continues to be a key focus of support for coaches. We are constantly engaging with not only
our current members bul those who do not currently have memberships in order lo belter understand how we
can further engage existing and bring in new members. Nearly half of the material in our membership offer is
'free to access, as it has been funded by investors.
We would like to thank Sport England in particular and UK Sport for their continued investment.
Financial sustainability must be a key focus going forward if we are to address som8 of the challenges outlined in
our strategic intent document.
Page 5

TRUSTEES, REPORT (INCLUDING STRATEGIC REPORT) CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
In response to the work we outlined in our 2023-2024 report, here is what we have done:
We have taken the lime to seek stakeholder feedback and used their input to fundamentally change how we
approach our delivery.
We have explored how w8 dev8lop and provide learning, products and services to the sector and specifically
coaches.
We are exploring the culture of the organisation to maximise engagement and cohesion amongst
colleagues, ultimately to ensure UK Coaching is a great place to work and we maximise how we deliver for
customers.
We have held a number of typical events to focus on tackling inequalities and drive inclusivity. Furthermore,
we are working hard to support partners to diversify the coaching workforce, again advising and guiding with
recruitment and training protocols.
Financial sustainability is a key focus and we are exploring how we diversify and increase our income
through further investment, trading and corporate partnerships.
Financial review
a. Financial review
Th8 consolidated accounts show net income in the year of £136.310 {2022123 - net expenditure £181,800}.
Th8 company UK Coaching showed net expenditure of £57,318, thls Is excludlng qualifylng donations from
subsidiary companies {2022123- net expenditure £974,843).
b. Sources of funding
The principal source of funding to UK Coaching is grant aid. The amount of core grant income received by UK
Coaching during 2023124 was £2,200,000 from Sport England and £250,000 from UK Sport.
Grant income has been expended in the following ar8as:
Here for the coach
Talent
Community and partners
Children and young people
Performance to high performance
Research and insight
Our subsidiary, UK Coaching Solutions Limited. continues to deliver quality services ad products to Its partners.
These products and services compliment the core mission of the charity and it's key business objectives so that
the quality of coaching is enhanced at all levels,
UK Coaching Solutions Limited made a pre-tax profit of £315,195 for 2023124 and therefore a gift aid payment to
UK Coaching will be made by 31 December 2024, following completion of the necessary lax computation.
Sport England have continued to support the Charity through investment of £10m over 5 years to March 2027.
Fundraising
The charity does not actively fundraise for any donations or use any professlonal fundraiser or commercial
participator to carry out activities on the charity's behalf. As a result, the charity is not a participant of a voluntary
scheme for regulating fundraising, or any voluntary standard of fundraising for the activities carried out on behalf
of the charity. Should the charity at some point in the future undertake a specific fundraising campaign or start to
generate more income through fundraising, the trustees will look to sign up to a volunlary fundraising code. The
Gharity ha5 had no complaints in the year.
Page 6

TRUSTEES. REPORT (INCLUDING STRATEGIC REPORT) CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
c. Resetves policy
During the year the Trustees (Directors) reviewed the Group's requirements and risks to the organisation and the
policy of holding funds of the Charity equivalent to three months operational expenditure, which is £1.2m. is slill
valid.
The Trustees will continue to review the reserves policy in line with the financial performance and working capital
requirements of the organisation. The Charity has a good level of liquidity to Continue with current activities and
strategic direction.
The unrestricted reserves at 31 March 2024 were £2,249,461. Free reserves (defined as unrestricted reserves
less intangible and tangible assets) at 31 March 2024 were £1,646,143.
Th8 restricted reserves at the 31 March 2024 were £225,405 {£194,813 in 2022123) in relation to unspent grant.
The Trustees (Directors> consider that the National Coaching Foundation's resarv8s policy has b88n met.
d. Material Investments pollcy
Cash holdings should be held al a minimum amounl equal to 2 monlhs Group Payroll expenditure. This is to
ensure that adequate funds are available for meeting liabilities should any delay in funding be received and to
allow time to make alternative funding arrangements if necessary.
Golng concern
The financial performance of the Chairty is recovering from the effect of the COVID-19 crisis Including a net gain
of £113.9k on our investment valuation held with SGhroder Cazenove. as at 31 March 2024 the valuation was
£2.097m and this can convert to cash within 4 to 30 days.
We continue to escalate our digital and on-line offer by providing more online products and seNices and reached
out further to our community and customers using our social media channels to generate new and alternatlve
income and management continued to mitigate risk by reviewing and reducing cost and headcount were
appropriate.
Sport England have guaranteed the core grant funding of £10m through to March 2027, plus additional program
funding of the Children's Collaborative of £2.7m to August 2023 and a further £800k to August 24, with further
applications for Children's Collaborative funding for three years from September 24 to August 27 of £4m.
Structurei governance and management
a. Constitulion
Th8 National Coaching Foundation (UK Coaching) is limited by guarantee with charitable status (charity
regislralion number 327354) and the extent of the subscribers, liability is limited to a maximum of £1.
The company is governed by its Memorandum and Articles of Association. which are dated 15 April 2018.
b. Directors (Trustees) and their interests
All directors of the company are also nominated trustees. The names of the directors at the date the report was
approved, and those who served during the year, are set out below.
A S Duncan, Chair
W A Allison {resigned 22 Novemb8r 2023)
C E Rattigan
R K Ranganathan
D L Vickers (resigned 31 December 2023)
M A Bramley
N S Kosky {resigned 8 March 2024)
A M MacGregor
K R Bunbury
E J Hepworth
Dr A B Fawcett (appointed 1 January 2024)
K Harbott (appointed 1 January 2024)
Page 7

TRUSTEES. REPORT {INCLUDING STRATEGIC REPORT} CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
New directors are appointed to the Board on the basis of expertise and knowledge in relevant areas. The
appointment of directors is subject to the conditions within the current Memorandum and Articles of Association.
After a formal and tailored induction, the role and training of directors and review of their performance is
considered bythe Chair, and by the Nominations Sub Committee and the Governance Sub committee.
The Board Seeks to ensure that the needs of the organisation and its customers are met by appointing to th&
Board individuals that have the skills, knowledge, and attributes to help drive the organisation.
New trustees undergo an orientation to brief them on their legal obligations under charily and company law, the
Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles
of Association, the Committees and decision-making processes, the Strategy and Business Plan, and most
recent financial performance of the charity. During the period of induction, they may also meet key employees.
Trustees are encouraged to attend appropriate extemal training 8vents where these will facilit18S the undertaking
of thelr role. sublecl to approval of the Chair.
The Company has entered Into quallfying third-party Indemnlty arrangements for the benefit of the Directors in a
form and scope which comply with the requirements of the Companies Act 2006.
c. Organisation
Full Board ("Board" refers to the UK Coaching Board members who are made up of the Non-Executive Directors
and the Non-Executive Chairperson only) meetings are held at least four times per annum. During 2023124,
there were three formal reporting Board meetings.
d. Pay policy for senior staff
The Trustees consider that the Board and the senior management team comprise Ihe key management
personnel of the charity in charge of directing and controlling running and operating the charlty on a day-to-day
basls.
The pay of senior staff is reviewed annually and normally increased in accordance with average earnings. In
view of the UK Coaching financial position, the directors benchmark against pay levels of other nationally funded
partners.
All Trustees give their lime freely, and only the Chair receives a remuneration. in 2023124 this was £15,000 for
services provided in that capacity12022123 - £15,000). None of the other Trustees received any remuneration
as approved by the Charity Commission or benefit in relation to their work with the charity during 2023124 or
2022123.
R81at6d party and co-operation with other org8nisations
The charity has one wholly owned subsidiary, UK Coaching Solutions Ltd.
UK Coaching Solutions Ltd pays over profits to UK Coaching under gift aid provisions. UK Coaching Solutions
Ltd is operated and managed independently of UK Coaching bul there is representalion from the parent charity
on the Board of UK Coaching Solutions Ltd and reporting from UK Coaching Solulions Ltd to UK Coaching at
every Board meeting.
Trustees were directly reimbursed expenses in the sum of £177 {2022123 £2,789) upon applicalion of an
expenses policy, for those costs incurred necessarily in attendance at Board and Sub Committee meeting or on
charity business. The total cost of Board meeting is reflected within Support costs, allocated as Charitable
spending in the accounts.
Any connection be￿een a Trustee or senior manager of UK Coaching with a sport of partner must be disclosed
to the Board in the same way as any other contractual relationship with a related party.
A register of Board interests and Staff interests is maintained, and interest are declared appropriately in relation
to Board meetings.
Page 8

TRUSTEES. REPORT (INCLUDING STRATEGIC REPORT) CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Environmental, Social and Governance Mission and Values
Our mission is to make the nation happier and healthier through great coaching, great8r environmentsl
awareness and greater sustainability efforts.
As the leading organization for physical activity and sports coaches, we know that great coaching alone is not
enough to create a healthier and happier nation. That's why we continually seek to improve and implement
environmental, social and governance principles throughout the organisalion and the wider community- with the
result being that we help create a more sustainable future for our planet and every person on it.
It's vital that as an organisation we both embrace and address societal and environmental challenges to not only
create a vibrant coaching experience for every participant within physical activity and sport, but also have a real-
life impact on communities across the UK and beyond. That's why we are committed to:
1. Miligating out environmental footprint and working with out partners to achieve carbon equivalent neutrality
2. Provide appropriate training and resources that support social and environmental practices
3. Provide leadership and maintain a work environment that values these practices and principles and ensures
that employees feel empowered to uphold than and contribute to and participate in all aspects of the
organisation
4. Empower our employees to contribute, participate and make suggestions
5. Becoming sector leaders in terms of Equality, Equity, Diversity and Inclusion (EEDI) policies, Duty to Care,
governance and continue to be 'Here for th8 Coach,, Our commitment to sustainability
Audltor
All of th8 Trustees as at the date of this report have laken all the steps that they ought to have laken lo mak&
themselves aware of any relevant audit information and to establish that the audilors are aware of that
information. The Trustees are not aware of any relevant audit information of which the companls auditor is
unaware.
In approving the Trustee
company directors on £lt
Report, we also approve the Strategic Report included thereln, Sn our capacity as
and signed on their behalf by:
Ed Hepworth
Chair of Finance, Audit and Risk Committee
Page 9

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limlted by guarantee)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Slandards {United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statemenls for each financial Under company law, the
Trustees musl not approve the financial ststements unless they are satisfied that they give a true and fair view of
the state of affairs of the Group and the Company and of their incoming resources and application of resources,
including their income and expenditure, for that period. In preparing these financial statements, the Trustees are
required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charilies SORP IFRS 102);
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK AccoLsnting Standards {FRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Group and the Company's transaclions and disclose with reasonable accuracy at any time the financial
position of the Group and the Company and enable them to ensure that the financial statements comply with Ihe
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and
hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularities.
Page 10

NATIONAL COACHING FOUNDATION (THE} TIA UK COACHING
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NATIONAL COACHING FOUNDATION {THE}
TIA UK COACHING
Opinion
We have audited the financial statements of National Coaching Foundation (The) tja UK Coaching (the 'parent
charitable companll and its subsidiaries Ilhe 'group'l for the year ended 31 March 2024 which comprise the
Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the
Consolidated statement of cash flows and the related notes, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Acc8pled Accounting Practice).
In our opinlon the financial statements..
give a true and fair view of the state of the Group's and of the parent charilab18 company's affairs as at 31
March 2024 and of the Group's Incoming resources and application of resources, including its income and
expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our olher ethical responsibilities in
accordance with these requirements. We believe that Ihe audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statem8nts Is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
condilions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable
company's ability to continue as a going concern for a period of at least Imelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page11

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NATIONAL COACHING FOUNDATION (THE)
TIA UK COACHING (CONTINUED)
Other information
The other information comprises the information included in the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does not cover the other information and, excepl to the
extent olheNise explicitly stated in our report, we do not express any form of assurance Conclusion thereon. Our
responsibility is to read the other informalion and, in doing so, consider whether Ihe other information is
materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or
otherwise appears to be malerially misstated. If we identify such material inconsistencies or apparent material
misstatemenls, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of thls other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, report is Inconsistent in any materlal respect with the financial
statements., or
the parent charitable company has not kept sufficient accounting records: or
the parent charitable company flnancial statements are not in agreement wilh the accounting records and
returns; or
we have not received all the information and explanations we require for our audlt.
Responslbllltles of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the direclors of the
charitable company for the purposes of company lawl are responsible for the preparation of th8 financial
statements and for being satisfied that they give a Irue and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
mlsstatement, whether due to fraud or error.
In preparing the financial stalements, the Trustees are responsible for assessing the Group's and the parent
charitable companls ability to continue as a going concern, disclosing, as applicable, malters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page 12

NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NATIONAL COACHING FOUNDATION (THE)
TIA UK COACHING (CONTINUED)
Audltors. responslbilities for the audit of the financlal statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
the Act and relevant ￿gUlationS made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misslatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably b8
expected to influence the economic decisions of us8rs taken on th8 basis of these financial statements.
Irregularltles, Including fraud, are instances of non-compllance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularilies, including fraud is
detailed below..
Our approach to Identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows..
we identified the laws and regulations applicable to the group through discussions with directors and other
management, and from our commercial knowledge and experience of the induslry. The key laws and
regulations we identified 35 being applicable to the group are Charities SORP 2019, Charities Act 2011,
Ofqual regulations and tax and employment legislalion.,
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management. and
identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughoul the audit.
We assessed the susceptibility of the entity's financial statements to material misstatement, including obtaining
an understanding of how fraud might occur, by:
making enquiries of management as lo where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud., and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analyiical procedures to identify any unusual or unexpected ￿latIOnships.
tested journal entries to identify unusual transactions., and
assessed whether judgements and assumptions mad8 in determining the accounting estimates were
indicative of polential bias.
In response to the risk of irregularities and non-compliance with laws and regulalions, we designed procedures
which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation., and
enquiring of management as to actual and potential litigation and claims.
A further description of our r8sponsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.ukJauditorsres
onsibilities. This description forms part of our
Auditors, report.
Page13

NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limlted by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NATIONAL COACHING FOUNDATION (THE)
TIA UK COACHING (CONTINUED)
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slat8
to the charitable companls trustees those matters we are required to stale to them in an Auditors, report and for
no other purpose. To the fullest extent permilted by law, we do not accept or assume responsibility to anyone
other than the charitable company and its members, as a body, for our audit work, for this report. or for the
opinions we have formed.
Armstrong Watson Audlt Llmlted
Chartered Accountants
Statutory Auditors
Leeds
Date: 28 October 2024
Armstrong Watson Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act
2006.
Page 14

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
{A company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Grants receivab18
Other trading activities
Investments
3,826,900
30,592
3,826,900
3.334,146
25,982
4,406,512
3,473,350
11,127
3,303,554
25,982
Total Income
3,329,536
3,857,492
7,187,028
7,890,989
Expendlture on:
Raising funds
Charitable activities
3,027,191
315,841
3,027,191
4,142,741
2,628,045
5,414,168
3,826,900
Total axp8ndlture
3,343,032
3,826,900
7,169,932
8,042,213
Net (expenditure)lincome before net
gainsl(losses) on Investments
Net gainsl{losses) on investments
(13,496)
119,214
30,592
17,096
119,214
1151,2241
130,5761
Net movement In funds
105,718
30,592
136,310
(181,8001
Reconclllatlon of funds:
Total funds brought fornard
Net movement in funds
2,143,743
105,718
194,813
30,592
2,338,556
136,310
2,520,356
(181,800)
Total funds carried forward
2,249,461
225,405
2,474,866
2,338,556
The Consolidated statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 21 to 49 form part of these financial statements.
Page 15

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
REGISTERED NUMBER: 02092919
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Flxed assets
Intangible assets
Tangible assets
Investments
13
14
15
243,136
360,182
2,096,944
364.705
298,155
1,983,043
2,700,262
2,645,903
Current assets
Slocks
Debtors
Cash at bank and in hand
16
17
10,211
708,157
1,024,535
22,120
812,518
2,109,184
1,742,903
2,943,822
Creditors: amounts falling due within one
year
18
(1,889,080)
(3,104,283)
Net Current Ilabllltles
{146,177>
(160,461}
Total assets less current Ilabllltles
2,554,085
2,485,442
Creditors: amounts falling due after more
than one year
19
(79,219}
(146,886)
Total net assets
2,474,866
2,338,556
Charlty funds
Restricted funds
225,405
2,249,461
194,813
2,143,743
Unrestricted funds
Total funds
2,474,866
2,338,556
Page 16

NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limited by guarantee)
REGISTERED NUMBER.. 02092919
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audil is required in accordance with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with th8 provisions applicable to entities subject to
the small companies regime.
The finan
statements were approved and authorised for issue by the Trustees and signed on their behalf by..
'iJ
A S Duncan
(Chair of Trustees)
Dale.. 14 /10120A4
The noles on pages 21 to 49 form part of these financial statements.
Pagè 17

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
REGISTERED NUMBER: 02092919
COMPANY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
14
15
328,493
2,476,944
229,299
2,363,044
2,805,437
2,592,343
Current assets
Debtors
17
41,075
429,579
115,799
723,125
Cash at bank and in hand
470,654
838,924
Creditors.. amounts falling due within one
year
18
(1,983,400)
{2,316,877>
Net current liabilities
(1,512,7461
11,477,953)
Total assets less current Ilabilities
1,292,691
1,114,390
Creditors.. amounts falllng due after more
than one year
19
(66,719)
(124,386)
Total net assets
1,225,972
990,004
Charlty funds
Restricted funds
Unrestricted funds
164,399
1,061,573
164,399
825,605
Total funds
1,225,972
990,004
Page 18

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company Ilmited by guarantee)
REGISTERED NUMBER.. 02092919
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The Companys net movement in funds for the year was £235,968 {2023- £(853.274)).
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance wilh section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with Ihe requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial
ents were approved and authorised for issue by the Trustees and signed on their behalf by:
A S Duncan
(Chair of Trustees)
Date: 110 /203+
The not8s on pag8s 21 to 49 form part of these financial statements.
Page 19

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company Ilmlted by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating aetlvities
Net cash used in operating activities
(776,902)
1,107,597
Cash flows from investing activities
Purchas8 of tangible fixed assets
Investment income
(266,528)
25,892
{55,060)
11,127
Net cash used Sn invèstlng activitl8S
(240,636)
(43,933)
Cash flows from flnanclng activitles
Repayments of borrowing
Repayments of finance leases
(10,000)
(57,1111
(10,0001
(73,087}
Net cash used In flnanclng a¢tlvltles
(67,111)
(83,087)
Change In cash and cash equlvalenls In tha year
Cash and cash equivalents at the beginning of the year
(1,084,649)
2,109,184
980,577
1,128,607
Cash and cash equlvalents at the end of the year
1,024,535
2,109,184
The notes on pages 21 to 49 form part of these financial statements
Page 20

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The National Coaching Foundation is a charitable company limited by guarantee and a registered charity
(No. 327354} incorporated and registered in England and Wales under the Companies Act 2006. The
registered office is given on the reference and administrative details of the charity page.
Every member undertakes to contribute to the assets of The National Coaching Foundation, in the event
of winding up whilst a member. or within a year of ceasing to be a member, for payment of the debts and
liabilities of the Charity contracted before ceasing to be a member, such amount as may be required but
not exceeding £1.
Accountlng pollcles
2.1 Basls of preparatlon of flnancial statements
The financial statements have been prepared In accordance wlth the Charities SORP IFRS 1021
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 IFRS 102) (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021, the Companies Act 2006 and the Charities
Act2011.
The National Coaching Foundation (TIA UK Coaching) meets the definition of a public benefit enlity
under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value
unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in sterling, which is the functional currency of the charitable
company. Monetary amounts in these financial statements are rounded to the nearest £.
The preparation of financial statements in compliance with FRS 102 requires the use of certaln
critical accounting estimates. It also requires management to exercise judgement in applying th8
companrfs accounting policies (see note 3).
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in
the preparation of Ihe financial statements ar8 as follows:
Basls of consolldatlon
The financial statements consolidate the accounts of The National Coaching Foundation {TIA UK
Coaching) and all of its subsidiary undertakings ('subsidiaries'). No separate Statement of Financial
Activities has been presented for the charity alone as permitted by section 408 of the Companies Act
2006.
Exemptions for qualifying entities under FRS 102
The Parent charitable company has taken advantage of the following disclosure exemptions:
from preparing a Statement of Cash Flows on the basis that it is a qualifwng entity and the
Consolidated Statement of Cash Flows included within these financial statements, includes the
charitable company's cash flows., and
from the financial instruments disclosures, required under FRS 102 para 11.40 to 11.48A and para
12.26 to 12.29, as the information is provided in the Group financial disclosures.
Page 21

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
{A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {continued)
2.2 Going concern
The financial performance of Ihe Chairty is recovering from the effect of the COVID-19 crisis
including a net gain of £113.9k on our investment valuation held with Schroder Cazenove, as at 31
March 2024 the valuation was £2.097m and this can convert to cash wilhin 410 30 days.
We continue to escalate our digital and on-line offer by providing more online products and services
and reached out further to our community and customars using our social media channels to
generate new and alternative income and management continued to mitigate risk by reviewing and
reducing cost and headcount were appropriate.
Sport England have guaranteed the core grant funding of £10m through to March 2027, plus
additional program funding of the Children's Collaborative of £2.7m lo August 2023 and a further
£800k to August 24, with further applications for Children's Collaborative funding for three years from
September 24 to August 27 of £4m.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be rec8ived and the amount of income receivable can be measured reliably.
Income from public and private sources is accounted for in accordance with the terms of the funding
agreement.
Sponsorship relating to specific projects is recognised In the accounts for the period in which th&
group becomes entitled to the income.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivabl8.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, 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 classified by activity. The costs
of each activity are made up of Ihe total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more Ihan one activity and support costs which are
not attributable to a single activity are apportioned between those aclivities on a basis consislent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Page 22

NATIONAL COACHING FOUNDATION (THE} TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounllng pollcles {continued)
2.4 Expenditure {continued)
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and include project management carried out at Headquarters. Governance costs are those incurred
in connection with adminislralion of the charity and compliance with constitutional and statutory
requirements.
Costs of gen8rating funds are costs incurred in attracting voluntary income, and those incurr8d in
trading activities that raise funds.
Charitable activities and governance costs are costs Incurred on the charitls operations, including
support cosls and costs relating to the governance of the charity apportioned lo charitable activities.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Group. this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
2.6 Taxatlon
The Company Is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Company is potentially exempt from taxation in respect of income or Capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to Ihe extenl that such income or gains are
applied exclusively to charitable purposes.
The Charily is registered for VAT, and VAT which is nol recoverable as a result of Ihe exempt incorne
of the group is charged against the category of resource expended for which it was Incurred.
2.7 IntangSble assets and amortlsallon
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible
assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses.
Amortisation is provided on intangible assets at rates calculated to writ@ off the cost of each asset on
a straight-line basis over its expected useful life.
Page 23

NATIONAL COACHING FOUNDATION (THE} TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangib18 fixed asset into its intended working condition should b8
included in Ihe measurement of cost.
At each reporting date the Company assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of its fair value
less costs to sell and ils value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of langible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the followlng bases..
Fixtures and fittings
Computer equipment
over 3 to 10 years
over 3 to 5 years
2.9 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value al the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments, in the Consolidated stalement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
2.10 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolele and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Raw materials, consumables and goods for resale- purchase cost on a first in, first out basis.
2.11 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.12 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 24

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.13 Financial instruments
The Charity enlers into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans lo related parties and investments in ordinary shares.
Financial assets and liabilities, other than investments and bank loans, are initially measured at
transaction price (including transaction costs) and subsequenlly held at cost, less any impairment.
Investments are measured at fair value with movements through the Consolidated Slatem8nt of
Financial Activities. Bank loans are measured at amortised cost using the effective interest method.
2.14 Flnance leases and hlre purchase
Assets obtained under hire purchase contracts and finance leases are capilalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where subslanlially all of the benefits and risks of ownership are assumed by the Group.
Obligations under such agreements are included in creditors, nel of the finance charge allocated to
future periods. The finance element of the rental payment is charged to Ihe Consolidated statement
of financial activiti@s so as to produce a constant periodic rale of charge on the net obligalion
outstanding in each period.
2.15 Operatlng leases
Rentals paid under operating leases are charged to the Consolidated statement of flnanclal actlvlties
on a straight-line basis over the lease term.
2.16 Penslons
The Group operates a defined Contribution pension scheme and the pension charge represents th6
amounts payable by the Group to the fund in respect of the y8ar.
2.17 Fund accountlng
General funds are unrestricted funds which are available for use at the discr8tion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and Ioss8s are allocated to the appropriate fund.
Page 25

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estlmates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that ar8 b81i8ved to be reasonable under the
circumstances.
Critical accounting eslimates and assumptions..
The Company makes estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Stock valuation
The Group estimates the impairment of the carrying value of stock by value of the obsolete and slow-
moving stock, using their judgement of future sales values generated by those stock items.
Page 26

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Grants receivable
Unrestricted Restrl¢ted Total funds
funds 2024 funds 2024
2024
Sport England
CIMSPA- R2R
2,200,000
74,277
233,150
1,319,473
2,200,000
74,277
233,150
1,319,473
UK Sport
Sport England - Children's consortium
3 826 900
3 826 900
Unrestricted
Restricted Total funds
funds 2023 funds 2023
2023
Sport England
CIMSPA- R2R
2,500,000
154,816
258,470
1,468,816
2,500,000
154,816
282,880
1,468,816
UK Sport
Sport England - Children's consortium
24,410
4 382 102
4406 512
Page 27

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Other trading activities
Unrestricted Restricted Total funds
funds 2024 funds 2024
2024
Charity trading income..
Income from UK Coaching Solutions Limit8d
3,303,554
30,592
3,334,146
Net income from trading activities
3 303 554
3 334 146
Unrestricted
Restricted Total funds
fvnds 2023 funds 2023
2023
Charity trading income..
Income from UK Coaching Solutions Limited
3,447,396
25,954
3,473,351
Net income from trading activities
3 447 396
3 473 351
Investment Income
Unrestricted Restricted Total funds
funds 2024 funds 2024
2024
Total funds
2023
Dividends and interest recelved on Investments
25,982
25,982
11,127
Page 28

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NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ralslng funds
Unrestricted Restricted Total funds
funds 2024 funds 2024
2024
Total funds
2023
Investment management fees
Expenditure incurred by subsidiaries
4,687
3 022 504
3 027 191
4,687
3 022 504
4,070
2 623 975
3 027 191
2 628 045
Total 2023
2 628 045
10. Governance costs
Unrestricted Restricted Total funds
funds 2024 funds 2024
2024
Total funds
2023
Auditorfs remuneration
Auditor's non audit costs
Legal and professional
Board and Sub-committee meeling costs
Board recruitment costs
Trustees, 8XP8nses reimbursed
21,300
2,500
6,060
6,754
22,500
1,225
6,060
6,754
3,000
177
28,875
9,983
18,409
6,542
16,000
3,000
177
Total 2023
All governance costs in the prior y8ar wer8 unreslrict8d other than board recrultment costs of £16,000.
11.
Net expenditure
2024
2023
This is stated after charging..
Amortisalion of intangible fixed assets
Depreciation of tangible fixed assets
Auditor's remuneration - audit
121,569
204,501
21,300
2,500
109,116
121,569
190,844
28,875
9,983
109,116
Auditor's remuneration - non audit
Operating lease rental - land and buildings
Operating lease rental other
Page 33

NATIONAL COACHING FOUNDATION ITHE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
Employees
Group 2024 Group 2023 Charity 2024 Charity 2023
Staff Costs consist of:
Wages and salaries
Social security costs
Employer pension contribulSons
2,848,360
276,320
176 871
3,189,349
313,249
192 200
1,632,904
107,706
1,601,296
133,441
3 301551
3 694 798
1 811499
1817 610
Included in staff costs above is an amount of £Nil12023 £121,854) in relation to redundancy payments.
At the year-end there were no amounts outstanding in relation to the redundancy payments12023- £Nil).
The average number of persons employed by the group and charity during the year was as follows..
Group 2024 Group 2023 Charlty 2024 Charity 2023
Employees
Average headcounl expressed as full time
equivalent..
Management
Technical officers
68
83
22
30
24
29
18
45
12
17
Administration
16
28
The number of highest paid employees (excluding pension contributions) was:
Group 2024 Group 2023 Charity 2024 Charity 2023
Number
Number
Number
Number
In the band £60,001- £70,000
In the band £70,001- £80,000
In the band £120,001- £130.000
In the band £130,001- £140,000
Key Management personnel of the charily are deemed to be the Twstees, the Chair, and the senior
management team.
The total trustee and key management personnel remuneration benefits (including pension contributions
and employers Nl} were £750,572 (2023 - £886,175).
During the year the chair Atholl Duncan received remuneration of £15,000 {2023 - £15,000) and pension
contributions of £Nil {2023 - £Nil}. Approval was received from the Charity Commission to pay the Chair a
maximum of£25k.
There were no Trustees, accruing retirement benefits under defined contribution schemes (2023- None}.
During the year no Trustees received any benefits in kind 12023 - None). Three Trustees received
reimbursement of expenses amounting to £177 in the current year {2023- 6 Trustees - £2,789).
Page 34

NATIONAL COACHING FOUNDATION (THE} TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
Intangible assets
Group
Goodwill
Cost
At 1 April 2023
1,215,686
At 31 March 2024
1,215,686
Amortlsatlon
At 1 April 2023
Charge for the year
850,981
121,569
At 31 March 2024
972,550
Net book value
At 31 March 2024
243,136
At 31 March 2023
364,705
Goodwill r8presents the amounts initially recognlsed upon acquisltlon of th8 subsldlaries.
Page 35

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Tangible fixed assets
Group
Flxtures and
flttlngs
Computer
equlpment
Total
Cost or valuation
At 1 April 2023
Additions
Disposals
225,341
604,655
266,528
(169,095)
829,996
266,528
{169,095)
At 31 March 2024
225,341
702,088
927,429
Depreclatlon
At 1 Aprll 2023
Charge for the year
On disposals
109,935
45,068
421,906
159,433
(169,095)
531,841
204,501
{169,095)
At 31 March 2024
155,003
412,244
567,247
Nat book value
At 31 March 2024
70,338
289,844
360,182
At 31 March 2023
115,406
182,749
298,155
The net book value of assets under finance leases at the year end was £141,160 {2023- £244,031).
Page 36

NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Tangible fixed assets (continued)
Company
Flxtures and
fittings
Computer
equipment
Total
Cost or valuation
At 1 April 2023
Additions
225,341
370,621
266,528
{135,415}
595,962
266,528
{135,415)
Disposals
At 31 March 2024
225,341
501,734
727,075
Depreciation
At 1 April 2023
Charge for the year
On disposals
109,935
45,068
256,728
122,266
1135,415)
366,663
167,334
{135,415)
At 31 March 2024
155,003
243,579
398,582
Net book value
At 31 March 2024
70,338
258,155
328,493
At 31 March 2023
115.406
113,893
229,299
The net book value of assets under finance leases at the year end was £141,160 (2023- £244,031).
Page 37

NATIONAL COACHING FOUNDATION {THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Flxed asset investments
Llsted
Investments
Group
Cost or valuation
At 1 April 2023
Revaluations
Management fees
1,983,043
119,215
{5,314)
At 31 March 2024
2,096,944
Net book value
At 31 March 2024
2,096,944
At 31 March 2023
1,983,043
Investments
in
subsldiary
Lisled
companies investments
Total
Company
Cost or valuatlon
At 1 April 2023
Disposals
Revaluations
380,001
(1)
1,983,043
2,363,044
(1)
119,215
(5,3141
119,215
(5,314)
Management fees
At 31 March 2024
380,000
2,096,944
2,476,944
Not book value
At 31 March 2024
380,000
2,096,944
2,476,944
At 31 March 2023
380,001
1,983,043
2,363,044
Page 38

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Material investments
2024
2023
Charity multi-asset fund
Absolute return fund
Responsible multi-asset fund
Cash deposit fund
759,425
226,066
307,879
803 574
738,077
210,339
291,911
742 716
2 096 944
1 983 043
For details of subsidiary undertakings see note 31.
16. Stocks
Group
2024
Group
2023
Finished goods and goods for resale
10,211
22,120
17.
Debtors
Group
2024
Group
2023
Company
2024
Company
2023
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
414,128
18,000
276,029
445,490
23,164
343,864
6,677
1,705
32,693
6,000
3,368
106,431
708,1 $7
812,518
41,075
115,799
Page 39

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Credltors: Amounts falling due wlthin one year
Group
2024
Group
2023
Company
2024
Company
2023
Bank loans
10,000
388,358
10,000
475,257
Trade creditors
Amounts owed lo group undertakings
Other taxation and social security
Obligations under finance lease and hire
purchase contracts
Other creditors
Accruals and deferred Income
153,714
996,147
47,301
280,880
132,444
23,311
114,073
89,153
62,747
135,920
1,177,982
62,193
946
2,466,734
62,747
131,528
591,963
62,193
1,818,049
1,889,080
3,104,283
1,983,400
2,316,877
Amounts owed to group undertakings are interest free and repayable on demand.
The finance lease creditors is secured on the assets to which it relates.
There is no s8curity attached to the bank loan.
Income relating to future periods included in accruals and d8ferr8d income above is deferred
appropriately as shown below..
Group
2024
Group
2023
Company
2024
Company
2023
Deferred income at 1 April 2023
Resources deferred during the year
Amounts released from previous periods
1,557,012
345,777
1,388,061
315.312
875,621
2,918,735
705,995
2,731.645
{1,878,897) {1,707,500) {1,673,343) (1,658,896)
553,736
1,557,012
420,713
1,388,061
Deferred income relates to income for products and services that were not completed as at the year end.
Page 40

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Creditors: Amounts falllng due after more than one year
Group
2024
Group
2023
Company
2024
Company
2023
Bank loans
Net obligations under finance lease and hire
purchase contracts
12,500
22,500
66,719
124,386
66,719
124,386
79,219
146,886
66,719
124,386
The finance lease creditors is secured on the assets to which it relates.
There is no security attached to the bank loan.
20. Commltments under finance leases
Al 31 March 2024 the total of future minimum lease payments under finance leases was:
Group 2024 Group 2023 Charlty 2024 Charity 2023
Amounts payable..
Within 1 year
Be￿een 2 and 5 years
62,747
62,193
124 386
62,747
62,193
124 386
129 466
186 579
129 466
The finance leas8s above relate lo the financing of the fit-out of the new head office at City Walk and IT
Sof￿are.
Page 41

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21.
Loans
Group 2024 Group 2023
Amounts falling due with 1 year
Amounts falling due 1-2 years
Amounts falling due with 2-5 years
10,000
10,000
10,000
10,000
The loan balance relates to an initial loan of £50k, being a Government Bounce Back Loan relating to th8
COVID-19 pandemic.
22.
Flnancial instruments
Group
2024
Group
2023
Financlal assets
Financial assets measured at fair value through income and expenditure
Financial assets measured al amortised cost
2,096,944
1,496,291
1,983,043
2,617,465
3,593,235
4,600,508
Group
2024
Group
2023
Flnancial liabilities
Financial liabilities measured at amortised cost
1.216,316
1,694,157
Financial assets measured at fair value through profit or loss comprise of the listed investments.
Financial assets measured al amortised cost comprise of cash balances, trade and other debtors and
accrued income.
Financial liabililies measured at amortised cost comprise of trade and oth8r creditors and accruals.
Page 42

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23.
Statement of funds
Group - current year
Balance at
31 March
2024
Balance at 1
Aprll 2023
Income Expendlture
Galns
Unrestrlcted Funds
Unrestricted general funds
Restricted funds
2 143 743
3 329 536
3 343 032
Sport England..
Core grant
- R2R CIMPSA
Children's consortium
UK Sport:
Core grant
NED contribution
Mind
161,814
2,200,000 (2,200,000)
74,276
{74,276)
1,319,472 (1,319,472)
161,814
233,150
(233,150)
2,585
30,414
2,585
61,006
30,592
3 857 490
7 187026
3 826 8981
7 169 9301
225 405
2 474 866
Total of fund$
2 338 556
119 214
Balance at
31 March
2023
Balance at 1
April 2022
Group - prlor year
Income Expenditure
Losses
Unrestricted Funds
Unrestricted general funds
Restricted funds
Sport England..
Core grant
- R2R CIMPSA
Children's consortium
UK Sport..
Core grant
NED contribution
Mind
2 325 543
3 482 933
3 634 157)
30 576) 2 143 743
161,814
2,500,000 (2,500,000)
154.816
(154,816)
1,468,816
11,468,816)
161,814
258,470
(258,470)
2,585
30,414
2,585
30,414
25,954
(25,954)
194 813
2 520 356
4 408 056
7 890 989
4 408 0561
8 042 2131
194813
30 5761 2 338 556
Total of funds
Page 43

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Statement of funds - Charity- current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
Gains
Unrestrlcted Funds
Unrestricted general funds
Restricted funds
825 605
311028
194 273
119213
1061573
Sport England:
Core grant
- R2R CIMPSA
161,814
2,200,000 (2,200,000)
74,276
{74,276)
1,319,472 (1,319,472)
161,814
Children's consortium
UK Sport..
Core grant
2,585
233,150
{233,150)
2,585
164399
990 004
3 826 898
4 137 926
3 826 898)
4 021171
164 399
1225 972
Total of funds
119 213
Statement of funds - Charity- prior year
Balance al
31 March
2023
Balance at 1
April 2022
Incom8 Expenditure
Gains
Unrestricted Funds
Unreslricled general funds
Restricted funds
1678 879
884 543)
30 576)
825 605
Sport England..
Core grant
- R2R CIMPSA
Children's consortium
UK Sport..
Core grant
161,814
2,500,000 (2,500,000)
154,816
1154,816)
1,468,816 (1,468,816)
161,814
2,585
28,424
1284,424)
2,585
164 399
1843 278
164 399
990 004
Total of funds
4 469 901
5 292 599)
30 5761
Page 44

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24. Analysis of net assets between funds - Group -
current year
Unrestricted Restricted Total funds
funds 2024 funds 2024
2024
Intangible fixed assets
Tangible fixed assets
Fixed asset investments
Current assets
243,136
360,182
2,096,944
1,517,498
(1,889,080)
(79,219)
243,136
360,182
2,096,944
1,742,903
(1,889,080)
(79,219)
225,405
Creditors due within one year
Creditors due in more than one year
2,249,461
225,405
2,474,866
Analysls of net assets between funds - Group -
prior year
Unrestricted
Restricted Total funds
funds 2023 funds 2023
2023
Intangible fixed assets
Tangible fixed assets
Fixed asset investments
364,705
298,155
1,983,043
2,881,453
13,361,113)
(22,5001
364,705
298,155
1,983,043
3,076,266
13,361,113)
(22,5001
Current assets
194,813
Creditor5 due within one year
Creditors due In more than one year
2,143,743
194,813
2,338,556
Page 45

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24. Analysls of net assets between funds - Charlty -
current year
Unrestricted Restricted Total funds
funds 2024 funds 2024
2024
Tangible fix8d assets
Fixed asset investments
328,493
2,476,944
306,255
11,983,400)
(66,719)
328,493
2,476,944
470,654
{1,983,400)
(66,719)
Current assets
Creditors due within one year
Creditors due in more than one year
164,399
1,061,573
164,399
1,225,972
Analysls of net assets between funds - Charlty -
prior year
Unrestricted
Restricted Total funds
funds 2023 funds 2023
2023
Tangible fixed assets
Fixed asset investments
Currenl assets
Creditors due within one year
229,299
2,363,044
674,524
(2,441,263)
229,299
2,363,044
838,923
(2,441,263>
164,399
825,604
164,399
990,003
Page 46

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
25.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
Group
2023
Net incomelexpenditure for the period (as per Statement of Financial
Aclivities)
136,310
{181,800)
Adjustments for:
Deprecialion charges
Amortisation charg8s
{Gains}Ilosses on investments
Investment income
Decreasellincrease) in stocks
Decreasel{increase} in debtors
{Decreas81lincrease in creditors
Increase in provisions
204,501
170,698
121,569
121,569
(113,901 }
30,576
(25,892)
111,127)
11,906
17,599}
104,362
1333,913}
(1,215,757) 1,344,193
125,000)
Net ¢a$h provlded byl(used In) operatlng actlvltles
(776,9021
1,107,597
26. Analysls of cash and cash equivalents
Group
2024
Group
2023
Cash in hand
1,024,535
2,109,184
Total cash and cash equlvalents
1,024,535
2,109,184
27. Analysis of changes In net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases
2,109,184 (1,084,649)
(10,000)
(22,500)
(186,579)
1,024,535
(10,000)
(12,500)
{129,466)
10,000
57,113
1,890,105 (1,017,536)
872,569
Page 47

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
28. Penslon commltments
The Group provides a defined contribution pension scheme for its employees. The assets of the scheme
are held separately from those of the group in an independently administered fund. The costs of
contributions to pension funds for Group employees amounted to £176,871 (2023 £192,200).
Contributions lotalling £30,912 (2023 £26,114) were payable lo the fund at the reporting date.
29.
Operating lease commilments
At 31 March 2024 the Group and the Company had commitments to make future minimum lease
payments under non-cancellable operaling leases as follows:
Group
2024
Group
2023
Company
2024
Company
2023
Not later than 1 year
Lat&r than 1 year and not later than 5 years
130,643
96,757
130,643
230,173
130,643
96,757
130,643
230,173
227,400
360,816
227,400
360,816
The operating leas8 commitments in the curr8nt year r81ates to the18as8d City Walk property and office
equipment.
30.
Flnanclal performance of the charlty
The ¢onsolidate(J statement ol financial activities includes the results of the Charity's wholly owned
subsidiaries which raise funds for the Charity.
The summary financial performance of the Charity a5one is..
2024
2023
Income
4,137,925
4,469,901
(4,021,170) (5,292,599)
119,213
{30,576)
Expenditure on charitable activlties
Net gains on investments
Net expenditure
235,968
(853,274)
Total funds brought forward
990,004
1,843,278
Totsl funds carried forward
1,225,972
990,004
Represented by..
Restricted income funds
Unrestricted income funds
Total
164,399
1 061573
1225 972
164,399
825 605
Page 48

NATIONAL COACHING FOUNDATION (THE) TIA UK COACHING
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
31.
Principal subsldiaries
The following was a subsidiary undertaking of the Company-
Name
Company
number
Registered offlce or prln¢lpal Class of
place of business
shares
Holdlng
UK Coaching Solutions
Limited
02340767
2 City Walk, Leeds, England
LS119AR
Orindary
100/.
The financial results of the subsidiaries for the year were-
Names
Profitl(Loss)
I Surplusl
(Def icit) for
the year
Net assets
UK Coaching Solutions Limited
(8,6831
1,385,756
Physical Activity Limited and Professional Active Registers LLP were both dormant during the year. During
the prior year, a decision was made to commence the process of Iiqlsidaling both companies. The
liquidations were completed during the year.
32. Related party transactlons
During the year the charity recharged services worth £195,385 {2023 £1,074,226) and was recharged
expenses of £1,059,088 (2023 £1,211,044) from UK Coaching Solutions Limited, a wholly owned
subsidiary of the charity. At the year end the charity owed £996,147 (2023 - £132,444), which was
included in Creditors under one year.
Remuneration of key management personnel is included in note 12.
There were no other related party transactions.
33. Controlling party
The Charity is a company limited by guarantee and is therefore ultimately controlled by the Trustees.
Page 49