SPORTABILITY Charity Registration No. 328325
## REPORT of the TRUSTEES
and
UNAUDITED FINANCIAL STATEMENTS for the YEAR ENDED 31 DECEMBER 2022
Centrum Chartered Accountants Elscot House Arcadia Avenue London N3 2JU
**SPORTABILITY**
## **CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31st December 2022**
Page Report of the Trustees 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6 to 10 Trustees Report 11 to 18
Page 1
**REPORT OF THE TRUSTEES For The Year Ended 31st December 2022**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31st December 2022. 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).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Principal address:** Laynes House, 526-528 Watford Way, London, NW7 4RS. **Registered Charity number:** 328325
## **Trustees**
M Baker P Isbell K Lewis I Taylorson C Campbell T Nadarajah
## **Independent Examiner**
BC Business Centrum Ltd Elscot House Arcadia Avenue London N3 2JU
## **Solicitors**
Keystone Law 48 Chancery Lane London WC2A 1JF
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees:
K Lewis Honorary Treasurer 25 April 2023
Page 2
Sportability
Independent Examiners Report
Independent Examiner's Report to the tntstees of Sportability
I report to the trustees on my examination of the financial statements of Sportability for the year ended 31
December 2022 which comprise the Statement of Firlancial Activities, the Balance Sheet and the related
notes.
Responsibilitie5 and ba515 of report
As the charity's trustees you are responsible forthe preparation of the financial statements in accordance
with the requirements of the Charities Art 20111'the Act'l. The trustees consider that an audit is not
required for this year under the Charitie5 Att 2011, s.144121 Ithe 2011 Act) and that an independent
examination is needed.
I report in respect of my examination of the charity's financial statements carried out under settion 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under settion 14515llbl of the ACL
Independent examiner's ststement
I have completed my examination. I can Confirm that no material matters have come to my attention in
connertion with the examination giving me cause to believe that in. any material respect=
the accounting records were not kept in respect of the charity as required by section 130 of the Act.. or
the financial statements do not accord with those records.. or
the financial statements do not comply with the applicable requirements conceming the form and
content of the financial statements set out in the Charities IAccounts and Reportsl Regulations 2008
other than any requirement that the financial statements give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Mr Y Chanmu
nathan
Chartered Certified AGcountant
Elscot House
.4rcadia Avenue
London N3 2JU
Centrum Chartered Certified Accountants
BC Business Centrum Ltd
Elscot House
Arcadia Avenue
London
N3 2JU
Page 3
## **Sportability Statement of Activities for the year ended 31 December 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Investments
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total**
Net gains on investments
**Net (expenditure)/income**
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
42,956
88|**Restricted**
**funds**
**2022**
**£**
4,550
-|**Total funds**
**2022**
**£**
47,506
88|**Total funds**
**2021**
**£**
57,161
3|
|---|---|---|---|---|
||43,044
2,986
52,077|4,550
-
4,550|47,594
2,986
56,627|57,164
416
54,218|
||55,063
-|4,550
-|59,613
-|54,634
-|
||(12,019)
-|-
-|(12,019)
-|2,530
-|
||(12,019)|-|(12,019)|2,530|
||(12,019)
30,351|-
-|(12,019)
30,351|2,530
27,821|
||18,332|-|18,332|30,351|
Page 4
## **Sportability Balance Sheet at 31 December 2022**
|**Charity No. 328325**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
9
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
10
**Unrestricted funds**
General funds
10
**Reserves**
10
**Total funds**|**2022**
**£**
867
867
20,986
20,986
(3,521)
17,465
18,332
18,332
18,332
18,332
18,332
18,332|**2021**
**£**
1,083|
|---|---|---|
|||1,083
31,890|
|||31,890
(2,622)|
|||29,268
30,351|
|||30,351|
|||30,351|
|||30,351|
|||30,351|
|||30,351|
Approved by the trustees on 25 April 2023
And signed on their behalf by:
M. Baker Chairman
K Lewis Honorary Treasurer
Page 5
**Sportability Notes to the Accounts**
## **for the year ended 31 December 2022**
## 1 **Accounting policies**
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery 20%% on net book value Sports equipment 20%% on net book value Fixtures and fittings 20%% on net book value
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Page 7
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
13,228
39,833
3
53,064
416
49,418
49,834
3,230
3,230
3,230
27,121
30,351|**Restricted**
**funds**
**2021**
**£**
-
4,100
-
4,100
-
4,800
4,800
(700)
(700)
(700)
700
-|**Total funds**
**2021**
**£**
13,228
43,933
3|
||||57,164
416
54,218|
||||54,634|
||||2,530|
||||2,530|
||||2,530
27,821|
||||30,351|
3 **Income from donations and legacies**
|Donations
Coronavirus Job Retention Scheme
4
**Income from investments**
Bank interest|**Unrestricted**
**£**
42,956
42,956|**Restricted**
**£**
4,550
-
4,550
**Unrestricted**
**£**
88
88|**Total**
**2022**
**£**
47,506
-
47,506
**Total**
**2022**
**£**
88
88|**Total**
**2021**
**£**
40,678
16,483|
|---|---|---|---|---|
|||||57,161|
|||||**Total**
**2021**
**£**
3|
|||||3|
Page 8
## 5 **Expenditure on raising funds**
|_Fundraising trading costs_
Fundraising costs
6
**Expenditure on charitable activities**
**Unrestricted**
**£**
_Expenditure on charitable_
_activities_
Events and activity programs
48,198
_Governance costs_
Other office costs
3,879
52,077
7 **Staff costs**
No employee received emoluments in excess of £60,000.
8 **Tangible fixed assets**
**Plant and**
**machinery**
**£**
**Cost or revaluation**
At 1 January 2022
5,005
At 31 December 2022
5,005
**Depreciation and**
**impairment**
At 1 January 2022
4,202
Depreciation charge for the
year
161
At 31 December 2022
4,363
**Net book values**
At 31 December 2022
642
At 31 December 2021
803|**Unrestricted**
**£**
2,986
2,986
**Restricted**
**£**
4,550
-
4,550
**Sports**
**equipment**
**£**
9,005
9,005
8,797
42
8,839
166
208|**Total**
**2022**
**£**
2,986
2,986
**Total**
**2022**
**£**
52,748
3,879
56,627
**Fixtures and**
**fittings**
**£**
1,022
1,022
948
15
963
59
74|**Total**
**2021**
**£**
416|
|---|---|---|---|
||||416|
||||**Total**
**2021**
**£**
54,218
-|
||||54,218|
||||**Total**
**£**
15,032|
||||15,032|
||||13,947
218|
||||14,165|
||||867|
||||1,085|
Page 9
## 9. **Creditors**
amounts falling due within one year
|Other taxes and social security
Other creditors
Accruals
10**Movement in funds**
**Restricted funds:**
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**
11**Analysis of net assets between funds**
Fixed assets
Net current assets|**At 1 January**
**2022**
-
-
30,351
30,351||**2022**
**£**
2,305
256
960
3,521
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
4,550
4,550
43,044
47,594||**Resources**
**expended**
**£**
(4,550)
(4,550)
(55,063)
(59,613)
**Unrestricted**
**funds**
**£**
867
17,465
18,332||**2021**
**£**
1,407
257
958|
|---|---|---|---|---|---|---|---|
||||||||2,622|
||||||||**At 31**
**December**
**2022**
**£**
-|
||||||||-|
||||||||18,332|
||||||||18,332|
||||||||**Total**
**£**
867
17,465|
||||||||18,332|
Page 10
## **Report of the Trustees for the year-end 31[st] December 2022**
**Constitution & Objects:** Sportability is constituted under a trust deed dated 21[st] August 1989 and is a registered charity no. 328325.
The objects of the Charity are the relief and rehabilitation of those suffering spinal cord injury and other forms of paralysis, through the provision of sporting and recreational activities.
**Objectives and Activities:** The Charity’s objects and principal activities are:
## **To provide sport and challenging pursuits to people with paralysis.**
The original remit was limited to people with spinal cord injury, but with the advice and agreement of the Charity Commission (10[th] February 2003) this was extended to other populations. The wording of the Trust document was amended by the addition of the words “or any form of paralysis” to follow “spinal cord injury”. Thus, the target population to benefit from the Charity’s activities was extended to include among others, stroke survivors and people with MS or cerebral palsy.
The main objectives and activities for the year continued to be: The provision of sport and challenging pursuits in various locations around the UK. However, there is a very positive by-product of the Sportability activities in that service providers, who may have never considered working with people with disabilities hitherto, learn from the experience, recognise the possibilities, and extend participation to a wider, more inclusive, public.
**Our vision:** A world where people with paralysis can flourish, can recognise and realise their full potential **.**
**Our mission:** To provide and facilitate opportunities for people affected by paralysis to transform their lives; to challenge societal and individual perceptions of disability; to deliver services that build confidence and selfesteem, that allow people with paralysis to re-assess their capabilities and re-assert their independence.
**Our goal:** To put the “buzz” back into the lives of people with paralysis, let them experience the elusive adrenaline rush, to empower through achievement and ultimately to inspire the thought _**“If I can do this, what else can I achieve?”**_
**Our values:** Driven by the needs of people with paralysis, we are passionate about transforming those lives. Through the medium of sport and challenging pursuits, we provide opportunities to develop, achieve and live life to the optimum. We respect individuality, champion inclusivity and embrace diversity. We aim for quality and excellence in all we do.
Page 11
## **Organisation**
**Trustees.** Trustees are appointed by the Board of Trustees and normally serve for three years, after which period they may put themselves forward for re-appointment.
The Trustees meet on average quarterly but there are subgroups, which may include specialist co-optees. These subgroups may meet more frequently as demand dictates, but ultimately report to the Board.
At the Trustees Meeting held on Tuesday, 18th January 2022 and following prior discussion, it was proposed by Miss Pippa Isbell that Miss Tania Nadarajah (hitherto a Patron of the Charity) be appointed as a Trustee. This was seconded by Mr. Colin Campbell and approved unanimously.
_Trustees’ meetings were conducted by telephone conference calls and/or Zoom online conferencing._
**Trustee Induction and Training:** Most Trustees were already familiar with the practical work of the Charity at the time of their original appointment. Indeed, three of the six Trustees have personal experience of spinal cord injury, and the mother of one Trustee was a beneficiary participant in the Charity’s events programmes. Additionally, new trustees are invited and encouraged to attend events.
All Trustees have been provided with the Charity Commission booklet on trusteeship. This is distributed to all new trustees along with the Memorandum and Articles of the Charity, and the latest financial statements. Moreover, any additional recommendations on trusteeship issued by the Charity Commission are passed on to the Trustees as a matter of course.
**Staff:** The Charity employed two permanent salaried members of staff for the duration of the year being: Miss Valerie Small as General Manager (GM); and Miss Ann Ryan, as part-time Administrator. Mr David Heard remained in the position of unpaid Chief Executive (CE) throughout.
A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the CE along with GM and the Administrator. The CE is responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met. The CE also attends the Trustees’ meetings by invitation but has no voting rights. The GM and Administrator(s) have responsibility for the day-to-day operational management of the Charity, supervision of the Area Organizers, and ensuring that the Charity operates in line with good working practice.
In response to the Coronavirus pandemic the staff had been working from home and had expressed a preference for continuing this practise. At the Trustees meeting of 18[th] January 2022, it was agreed that while retaining the postal address of the Mill Hill office, this would be the most efficient and preferred _modus operandi_ . The staff therefore work remotely from their respective homes, using technology to access the Charity’s systems and meeting formally as required.
Other services, such as Legal Services, secretarial support, accountancy and payroll, marketing, fundraising and website management, are bought in on a need basis.
**Volunteers:** Many of the regional activity programmes are overseen by volunteer staff. This includes: Miss Jane McKenzie (Yorkshire) Mr Chris Selway (Bristol & Glos.) Mr Dan Marshall (West Midlands) Mr Ian Hinton (North West) Mr Robert Edwards (Dorset & Hants.) and Mr Aaron Heard (Central, London & Essex, E, Sussex & Kent). Trustees would like to record their thanks for all the valuable help and support that these volunteers provide.
**Public Relations:** The Charity is represented by Maltin PR. In September 2018 Mr Tim Maltin (the Senior Partner and Founder of the company) very generously offered to provide public relations services to the Charity on a _pro bono_ basis and has continued to do so. The Trustees would like to record their continued thanks to Mr Maltin and his staff for the excellent work and support that they are providing.
Page 12
**Marketing:** The main marketing tool of the Charity has been the Internet, and this has established a national and indeed international presence. The website also provides a facility for online donations.
The website has been most instrumental in maintaining contact and interest among our participants. This interest has been reinforced by regular e-mail newsletters and personal contacts. Thus, we now have a band of active supporters/participants in the 15 regions.
We were also able to enhance the reciprocal support for our sponsors, by providing them with a long-term and professional looking presence on our website.
**Accountants:** BC Business Centrum Ltd. were appointed on 26th July 2019 as accountants for the Charity. The current accounts have duly been prepared by them.
**Compliance:** In response to the implementation of the General Data Protection Regulation (GDPR), effective from Spring 2018, the Charity undertook a complete review of the entire data treatment, protection and process. All individuals whose personal data was held by the Charity were contacted with a description of how their data is held and how it would be used in line with the new GDPR regulations. Informed consent was requested to continue to hold that data.
At a meeting of the Board of Trustees, held on 6[th] September 2018, a policy document, in compliance with the GDPR, was agreed and is permanently published on the Charity’s website. Moreover, policies in respect of Safeguarding, Employment, Volunteers, Privacy, Employment, Complaints, Equality and Conflict of Interest were also posted on the Charity’s website. These are subject to ongoing review and updated as required.
**Risk Management:** The Board of Trustees is cognisant of the major risks to which the charity is exposed.
Significant risks attach to the operation of activities and it was decided (12[th] January 2003) that the Charity would not run its own events, but would work with established service providers. Participants would then be ‘clients’ of the service providers and any liability in terms of Health and Safety would accrue to those organisations with the requisite expertise to best manage the risks associated with running events and protecting the health and safety of participants.
**Related Parties:** The Charity is in dialogue with various organisations that have similar or complementary objects. These include the Spinal Injuries Association, The MS Society and various branches, and the Stroke Association and various branches.
**It has been noted that Sportability programmes have often provided benefits beyond the participants and their families. The Sportability events raise awareness among the service providers and lead to a direct understanding of some of the difficulties experienced by those with disabilities. Many service providers have made adaptations to their equipment and/or access to allow wheelchair users and people with walking aids to participate in their activities and events. These facilities are then available to the public at large, increasing the possibility of more inclusive participation in future for individual (or groups) quite apart from the Sportability programmes.**
Page 13
What It Really Means
' l used to be ¢ypJlot, bur my disobJlityPUtPi71d to rh¢7t.
Sportobility introduced me to sailing and now I co
fv'5010 ugain. Thonk you..
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h05 u huge iinpurt o
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todoy I'm still
empoweredl
5portobilily- Dan
Ilihr,
-I've hodo wonderfu
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ioiningsportcbility.
l]eelihot mylife is
bÉ9tnning to stort
Qgoin wjrh my MS
brick in my
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many ways and they continue to help make my dream$
possible.- Grant
"Irs no exagyration to saythat Sportabillty.•.
ha5 given me my life back.. Jane
Page 14
## **The Year in Review**
The Covid-19 crisis caused the total suspension of our sports events programme and all our fundraising activity for 2020. However, after a limited programme in 2021, we began re-building in earnest in 2022. This resulted in a Spring/Summer programme that included quad-biking, archery, falconry, sailing, clay shooting, microlight flying, gliding, canoeing, carriage driving and quadbiking. Followed by an indoor winter programme of skydiving, shooting and wheelchair tennis. This totalled 58 events in 15 regions around the country, providing sporting opportunities for over 500 paralysed people, completely free of charge.
**----- Start of picture text -----**
Activity Programmes
**----- End of picture text -----**
**----- Start of picture text -----**
Events Regions Participants
100 20 1200
1000
80
15
800
60
10 600
40
400
5
20
200
0 0
0
2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022
**----- End of picture text -----**
## **Fund Raising**
The Charity, along with all others in the third sector, has suffered a dramatic downturn in every aspect of fundraising. Many regular donors were unable to offer support either through divergence of funds to more specific Covid causes, or pressure on their own funds, indeed some have ceased operating entirely.
Moreover, of the four regular golf tournaments only the event at Surbiton Golf Club in Surrey took place.
## **Sources of Funding**
HO fund raising activity included 472 appeals in 2022. This compares to 115 appeals in 2021. Consequently, this saw the contributions from this source rise to £37,464 compared to the 2021 contribution of £27,450, but still well below the 2019 pre-Covid contribution of £52,694.
Funds were received during the year specifically for the development and/or support of Sportability activities in: East Anglia; East & West Midlands; and Essex. _**[See Restricted Funds in the Charity’s accounts for the period]**_
## **Main Sources of Funding**
**----- Start of picture text -----**
60000
50000
40000
30000
20000
10000
0
2019 2020 2021 2022
Head Office Appeals Golf General Donations
Income in £'s
**----- End of picture text -----**
Page 15
## **While some donors continued to support the Charity in these most difficult years, several wish to remain anonymous. However, the Trustees would like to accord particular thanks and recognition to the following organisations:**
## The Souter Trust
For their generous contributions with substantial donations over 12 years to support Sportability Events & Activities programmes across the country.
## **The Broyst Foundation**
For their generous contribution with substantial donations over seven years, to support Sportability Events & Activities programmes across the country.
## **The Bruce Wake Charity**
For their generous contribution with substantial donations over seven years to support Sportability Events & Activities programmes across the Midlands regions.
The Jeremy Willson Charitable Trust in Kent for their support over seven years for Sportability’s Events and Activity programmes, with particular emphasis on participation for people with paraplegia.
The The Freddie Wakenham Charitable Trust for their support over **The Freddie Wakenham** four years for Sportability Events and Activity programmes around the country. **Charitable Trust**
**And special “thank you” for the past and planned support of our fund-raising golf tournaments to:**
## SURBITON GOLF CLUB ESTABLISHED 1895
.
Page 16
## **The Year Ahead**
The Board of Trustees is mindful of the continuing national mood of austerity and uncertainty and has considered the possible effect on the Charity’s fundraising capability. Moreover, several Trusts and Foundations that have supported the Charity in the past are no longer operational.
It is hoped that two of the series of golf tournaments in East Anglia will continue, with efforts to hold costs, increase attendance and revenue. Moreover, Messrs Taylorson and Campbell are again organising a fund-raising golf tournament at Surbiton Golf Club, building on the success of the prior tournaments.
In the light of this it was deemed prudent to project budgeted income for the year 2023 at the 2022 level plus no more than 25%.
For the immediate future, the Charity has two main objectives: To provide a greater range of sports (indoor and out) in the existing regions; and to offer programmes in more regions. These are the twin goals of Sportability. We want people with paralysis to have access to sport throughout the UK. The ultimate aim is to bring the Sportability Experience within an hour’s drive of the main population areas of the UK.
The future growth of the sports programmes (the core activity of the Charity) is deemed dependent on the replacement of defunct service providers, the sourcing of new providers and an increase in available capacity.
Moreover, the appointment of more Area Organisers is considered key to any expansion. Discussions are ongoing with several possible candidates and more appointments are expected in 2023.
The Board is aware that any expansion is subject to available funds and constant review.
## **Financial Review**
Accounts have been prepared for the period 1st January 2022 up to and including 31st December 2022 and show net current assets of **£17,465;** and total assets, less current liabilities, of **£18,332.**
Restricted Funds: During the year, certain donations were made to support either specific activities, or use in specific regions. In the year under review there were no Restricted Funds outstanding.
Staff: There were two permanent paid employees throughout the year, and the Chief Executive as an unpaid officer of the Charity. The Chief Executive and two Administrators effected the administration and operation of the Charity. However, the CE also fulfilled the role of Events and Activities Organiser, where necessary.
Premises: The staff expressed a preference for from working from home post-Covid, and the Charity therefore vacated its prior office space, while retaining the mailbox and postal address. The Charity owned equipment is now distributed for use of the staff in the home setting.
Page 17
Events & Activity Costs: Sports activities that are subsidised by the Charity are reflected in the accounts under the heading 'Events & Activity Costs'. Those costs are therefore incurred in pursuance of the Charity’s objects.
**----- Start of picture text -----**
Allocation of Resources: Total Organisation
2.00%
15.60%
Charitable Activities
Fundraising
Compliance
82.64%
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**Reserves Policy.** The Board of Trustees has examined the Charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the funds not committed or invested in tangible fixed assets held by the Charity should be set at 3 to 6 months of the Fixed Costs. Budgeted expenditure for 2023 is **£55,010** , of which the Fixed Cost element is **£30,952.** Therefore, the minimum surplus in general funds will, at any given time, be held at around **£15,476** and no less than **£7,738.**
The reserves are needed to meet the working capital requirements of the Charity and the Trustees are confident that at this level they would be able to continue the activities of the Charity (albeit in reduced form and volume) in the event of a significant drop in funding.
**Declaration:** The Trustees are satisfied that the objects of the Charity have been carried out in accordance with their Declaration of Trust dated 28th August 1989 as amended in 2003 and that the attached accounts show a true record of the financial activities of the Trust.
## **Signed on behalf of the Trustees of Sportability:**
Martyn Baker Date: Chairman
Kevin Lewis Date: Hon. Treasurer
30/05/23
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