Do¢usign Envelope ID.. 6E2EC980.E560_4A93_998D£8C92415EFAB WILLIAM WILSON WILLIAM WILSON cnan•Mc Aeeoumants 2$ 8T18 9HX +4410128 9592 0È40 Sport Changes Life Foundation Report and Accounts 30 September 2024 Company Registration Number.. N1611158 Charity Registrats'on Number.. 103044 SPORT CHANGES LIFE-
Docusign Envelope ID.. 6E2EC980-E5604A93.998D_C8C92415EFA8 Sport Changes Life Foundatlon Report and accounts for the perfod ended 30 September 2024 Contsnts Page Tru$tee8' Annual Rèport Statement of dlroctors, responslbllttle• Indèpendent Examln•V8 Report 20 22 Funds Statements... Stalement of Financial Activllies Movements in funds Income and Expenditure account 24 26 27 Balance Sheet Nots8 to tho accounts 28 30
Docusign Envelope ID.. 6E2EC980_ES804A93.998D_C8C92415EFAB Sport Changes Life Foundatlon Company Registration Number= N1611158 Trustees. Annual Report for the perlod from 1 April 2023 to 30 September 2024 The Trustees present their Report and Accounts for the period ended 30 September 2024, which also comprises the Directors. Report required by the Companies Act 2006. Reference and adminlstrative detslls The charity namo Tha legal name of the charity is... Sport Changes Life Foundation. The charity is also known by its operating name. Sport Changes Life. The chanTtyS areas operatlon and UK charitable reglstratlon The charity is registered in Northern Ireland wth the Charity Commission in Northern Ireland (CCNI) with charty number 103044. The charity does not operate in any overseas jurlsdiction8. Legal structure of the charity The charity is constituted a5 a company limited by guarantee, registered under the Companies Acts The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislats'on. There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. By operats'on of law all, trustees are directors under the Companies Act 2008 and all directors are trustees under Charits'es legislation and have responsibilities, as such, under both company and charty legislation. The trustees are all individuals. The prlnclpal oparatlng address, telephon• number, emall and wèb addresses of the charlty Unit 22, Argyle Business Centre 39 North Howard Street, Belfast Northern Ireland, BT13 2AP Telephone 02896 218637 Email Address info@sportchangeslife.com Web address www.sportchangeslife.com The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
Docusign Envelope ID.. 6E2EC980-E5604A93.998D.C8C92415EFA8 Sport Changes Life Foundation Company Registration Number.- N1611158 Trustees. Annual Report for the period from 1 Aprll 2023 to 30 September 2024 The Trustees In offlce on the date the report was approved wero:_ Dr D Brennan Mr M J Marais Mr N Mccullough Mrs J McNeill Dr S Tharmaratnam MrA Larkin Ms G Cook (appointed 8 January 2024) Mr E Mccrory {appointed 8 January 2024) Mr K Willet (appointed 8 January 2024) Ms N Mccarthy {appointed 3 January 2024) Mr G Maguire (appointed 3 January 2024) Ms L C Brudenell (appointed 3 September 2025) The trustees who served as a trustee In the reportlng porfod, and, If appllcable, their dates of appolntment or reslgnation durlng the year were:. Name Dr D Brennan Mr A J Gibson Mr M J Marais Mr N Mccullough Mrs J McNeill Mr A T Robinson Dr S Tharmaratnam Ms C Waterworth Mr A Larkln Ms G Cook Mr E Mccrory Mr K Willett Mrs N Mccarthy Mr G Maguire Appolnted ResignedlR•tirod 31 May 2024 22 August 2023 9 October 2024 8 January 2024 8 January 2024 8 January 2024 3 January 2024 3 January 2024 All the trustees are also members of the Charity.
Docusign Envalope ID.. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 Objects and actlvltles of the charlty The purposes of the charity as set out in its governing document The chariws objects {"Objects") are specifi'cally restricted to the advancement of educats-on and to promote capacty building among young people from socially and economically disadvantaged communilies (hereinafter called the "beneficiaries") in Northem Ireland and its environs in the Republic of Ireland (her8inafter called the area of"benefiV') w7thout dists'nction of age, gender, sexual orientation, disability, race, ethnic origin, political, religious or other opinion by associating the statutory authorities, voluntary organisations,academic institutions and the beneficiaries in the area of benefit in a common effort through sport, education and other recreational activities to develop their physical fitness, mental and emotional capacities so that they may grow to full maturity as individuals and citizens and that their conditions of life may be improved and ancillary to this: a) to provide or make arrangements for the provision and ci>ordination of volunteers from tha United States to work wilhin the area of benefit to support the work of the charity with the added benefit that such volunteers shall be empowered and motivated to work in and develop community programmes in the United States on their retum., b) to enable, assist and encourage the education of volunteers in leadership, coaching and organi5ation of sport and physical recreation for the benefit of the beneficiaries., c) educate the beneficiaries to encourage them to follow a more active and healthier lifestyle, to grow their confidence and raise their aspirations., d) dev&lop young leaders within the beneficiaries through integration and togetherness and build community involvement to ensure long-term sustainability,. and e) to advance any other exclusively charitable purpose as the directors may, from time to time, decide in accordance with the law of charity.
Docusign Envelope ID.. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundatlon Company Registration Number.. N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 The maln activities undertaken in relation to those pUOSe5 during the perlod Programme aims are: -To engage with disadvantaged young people and offer them an alternative to anti-social behaviour and offending and stop the cycle of a lifetime in the criminal justice system. -To raise the aspiration of young people to reach their full potential and become the best that they are capable of becoming and 8UPPOrt them on their joumey to ultimately gaining and sustaining employment. -Improve lifestyles and health and well-being In both young and old. Sport Changes Lrfe have been developing active ageing programmes developing active lifestyles and taking them away from lonellness. The maln activltles undertaken durlng the perlod to further tho charftys purpose for tha publlc benefit Sport Changes Life Foundation is more than a programme, it is a means by which we can help mentor young people, engage and signpost them to existing agencies and organisation8 and create a bridge to enable them to take hold of their lives. It does not seek to duplicate any existing provision, but to complement and work in partnership. The charity proposes to actively promote and ongage In a range of community projects Incorporating sport, good relations and personal development designed to ralse their lifo aspirations and improve thelr.. -motivation, attitude, self-confidence and belief -Personal development -Team working skills -Leadership skills and active citizenship skills
Ooeusign Envelope ID.. 6E2EC980-E5604A93_998D.C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 The charity provides advice, support and guidance for young people in community groups, schools 8nd colleges through such means as-. -outreach sports coaching sessions using Sports mentors and Victory Scholarsllnterns -Face to face support for young people with Sports mentors and Victory Scholarsllnterns -Provision of resources to access training and support programmes Those who banefit from our activities include.. -Indlvidual young people -older adults -The Community and community groups -schools, colleges, universities, youth clubs and church groups, nurslng homes, independent Ilvlng areas -Employers -US university students - Victory Scholars -Loc81 businesse8 and corporates Below are some of the organisations Sport Changes Life has worked with to deliver services to young people and older adults -The Executive Office -Antrim & Newtownabbey Borough CounciVBelfast City Council -Department for Communities -ulster Universty Education Authority -NE College of FHE -Jobs and benefits office -Local schools -Housing Associations -Local Community Groups and Youth Groups -PSNI - Local corporate businesses
Docusign Envelope ID.. 6E2EC98o-E564A93-99BD-C8C924lSEFAB Sport Changes Llfe Foundation Company Registration Number.. N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 Sport Changes Life engages youth who are not in education, employment or training through positive activities designed to increase confidence, raise aspirations and offer pastoral care and support. Selected jointly by community groups and the PSNI (where applicable). many young people will benefit from our eHoops programme. Improving their team working skills, leadership skills, active citizenship skills and setf-esteem. This is achieved Ihrough bespoke curriculums that enable the team to deliver accredited qualrficalions for the professional development of young people. Additionally engages Wlth older adults who are saaking access to structured physical activty and who will benefit physically and mentslly. Through our Victory Scholar Programme, Sport Changes Life gives US collegiate scholar- athletes from diverse soci&economic backgrounds the opportunity to pursue advanced study in graduate programmes at universities across the island of Ireland while continulng to play their sport, coaching and mentoring young people in neighbouring local communities and gaining valuable work-life experience through internships, partnerships and friendships. cultural exchange and enrichment. We have also developed a new strand to the VS programme, by utilising Victory Intems who benefit from working with the foundation and playing their sport professionally, minus the education. In order to achieve this, programmes are developed to meet the n88ds of young people, tailored to each group. The key to the success of the programme is the time committed to the engagement of groups facilitates the opportunity for Sport Changes Life to 'tailor' programmes to meet the specific needs of the group they are working with. We fimily believe that through our programmes, we are fulfilling our aim to raise the aspirations of young people and older adults through sporting excellence, vocational and academic achievement and personal development. Tha trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. The short tern? and longer t•mi alms and objectives To establish the Sport Changes Life Foundatlon as a leading provider of sport-led personal development support for young people and older adults in Northern Ireland. To develop sustainable funding streams to support the long-temi delivery of our programmes. To continue to build partnerships with key stakeholders in the community, including local councils, schools, and businesses, and build an organisation fit for purpose. To expand our programmes to reach more disadvantaged communities and individuals. To measure and evaluate the impact of our programmes to ensure that we are making a positive difference in the lives of the individuals we serve.
Docusign Envelope ID.. 6E2Ec98(kE560-4A93-998D-C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 Aprll 2023 to 30 September 2024 How the activities undertaken during the period contn'buted to the achievement of the alms and objectives The current programmes portfolio is designed to establish the Sport Changes Life Foundation as a leading provider of sport-18d personal development support for young people and older adults in Northern Ireland. Continuously seeking for sustainable funding streams will support the long-temi delivery of our programmes, and our current partnerships with key stakeholders in the wider community has enabled us to expand our reach to more underserved communities and individuals. Measuring and evaluating the impact of our programmes which will ensure that Nve are making a positive difference in the lives of the individuals we serve. Programme delivery for the year is contained In the sects.on of the report antitled "The maln achievements and performance of the charity during the year" The maln achlevements and perfomiance of the charlty durlng the perlod Sport Changes Llfe Programme delivery 2023-2024 Our mission is grounded in the beli8f that sport serves as a universal platform for empowerment, fostering essential life skills and promoting inclusivity. By combining sports activities with educational workshops and bespoke interventions, we aim to engage participants of all ag8s and backgrounds, ultimately enriching their lives and contributing to the greater good. Sport is more than just a physical activity; it cultivates teamwork, discipline, resili8nce, and leadership - qualitl8S essential for personal development and social cohesion. Through our programm8s, we strive to address various social issues, empower individuals, and create lasting social impact. Geographlcal Areas of Impact Sport Changes Life has had a significant impact across various regions, including.. -Greater Belfast -Ne0WnabbeY -Carrickfergus -Downpalrick -Crossgar -Newcastle -Clough -Dundrum -Holywood -Ards & North Down Vlsion to Victory Strategy In 2024, Sport Changes Life devised and implem8nted a new strategic plan titled 'Vision to Victory,. This strategy is built around three key aims.. -Growing our presence and programme delivery to reach and positively impact more individuals and communities. -Becoming financially sustainable by developing robust funding and revenue streams. -En5uring the organisation is frt for purpose, with a strong operational structure to support long- term success.
Oocusign Envelope ID.. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the perlod from 1 April 2023 to 30 September 2024 Programme Dellvery Sport Changes Life has continued to expand and enhance its programme delivery throughout 2024, reaching a diverse range of ag8 groups and communities through structured and impactful initiatives. Honour Roll Programme The Honour Roll Programme successfvlly engaged 77 schools (both primary and secondary) across the region. supporting students aged 9-13 years. This 10-12 week programme focuses on personal and transitional development, building confidence, and reinforcing the Personal Development and Mutual Understsnding (PDMU) curriculum. eHoops Programme Our eHoops Programme delivered six 16-week programmes targeting 14-18-year-olds. This initiative continues lo make a significant impact in education, health and well-being, good relations, and employment pathways, providing essential skills and opportunities for young people. Young Ambassador Pmgramme The Young Ambassador Programme successfully ran eleven 1 (kweek programmes for 9-14-y8ar- olds. emphasising health and well-being, community development, social action plans, and good relations. This initiative continues to nurture young leader5, empowering them to create positive change within their communilies. Actlve Agelng Programme Our commitment to older adults remains strong through our Active Ageing Programme, which operates across 12 sites on an ongoing weekly basis throughout the year. There has been a further 18 structur8d programmes with a minimum duration of 6 weeks delivered to older adults across Northern Iraland that reinforces positive access to physical activity on a level that meets their needs. The programme is designed to keep older participants physically and mentally active while fostering social connections and over811 well-being. Season Camps We delivered 17 structured five-day camps throughout the year, providing young people with structured access to physical activity alongside personal development opportunities. These camps promote confidence. teamwork, and resilienc8, ensuring holistic growth beyond just sporls participation. Educatlonal Hubs The Educational Hubs initiative 8UPPOrted 23 primary schools and community centres. offering a safe and engaging Space for 9-11-year-olds after school. This typical 10 week programme integrates physical activity with the PDMU curriculum. ensuring young people benefit from both educational 5UPPOrt and active engagement.
Docusign Envelopo ID.. 6E2EC98Es64Ag3-9g8D-C8c92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 Vlctory Scholar Programme The Victory Scholar Programme was paused for 202312024 to allow for an internal review of its operations, partnerships, and overall perfomiance. However, in March 2024, the programme was reinstated with a revised structure, focusing on Victory Intems. This shift introduced l)NO high-level student-athletes who will play professionally while dedicating a minimum of 15 hours p@r week to working for the foundation. Their ro18 includes inspiring the youth of Northern Ireland and serving as role models. These individuals are brought in under an intemational sports person visa to further enhance the programme's impact. As of 2024, th& Victory Scholar Alumni Network now comprises 189 Wictory Scholars, highlighting the programme's lasting influence on young athletes and communiti8S. Corporate Partnershlp8 Sport Changes Life continues to expand its reach beyond traditional programme delivery through the Beyond Business concept, fost8ring strong corporate partnerships. In 2024. we worked alongside six key corporate partners.. -Argyle Business Cantre -stephen Mccosh Funeral Directors -Phoenix Energy -Translink's Belfast Grand Central Station Project Team -Clonard Credit Union -LTSB Charity -various Housing Associations across Northern Ireland These partnérships have provided Corporate Soclal Responsibility (CSR> opportunities and reinforced our shared belief in using sport as a tool for positlve sociatal impact. Funders and Strategic Relatlonshlps We continue to strengthen our relalionships wth key stakeholders and funders who support our mission. Our valued partners include: -The Executive Office -Connswater Homes -Radius Housing -Apex Housing Associab'on -Clanmil Housing -woven Housing -Belfast City Council -Antrim and Newtownabbey Borough Council -Jigsaw Nl -Basketball Nl These partnerships have been instrumental in helping u5 deliver impacfful programmes that empower young people. promot8 well-being, and strengthen communities.
Docuslgn Envelope ID.. 6E2EC980-E5604A93_998D_C8C92415EFAB Sport Changes Life Foundation Company Registration NL¢mber.' N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 2024 in conclusion, Sport Changes Life has made significant strides in expanding programme delivery, fostering strategic partnerships. and reinforcing our commitment to transfoming lives through sport. The continued support from schools, funders, corporate partners, and local councils allows us to develop innovative programmes that positively influence individuals and communities across Northern Ireland and beyond. The difference the charitys perfomiance during the perlod has made to the beneflciaries of the charity and to wider society Sport Changes Life has had a profound impact on it5 beneficiaries and the wider society throughout 2024, reaching diverse age groups and communities across Northern Ireland. Through our programme delivery, strategic partnerships, and innovative initiatives, we have empowered individuals, promoted positive mental and physical well-being, and strengthened community cohesion. Empowèrlng Young People (5213 partlclpants} -Honour Roll Programme engaged 77 schools, equipping 9-13-year-olds with essential personal and transitional development Skills, improving confidence, and supporting the PDMU curriculum. -eHoops Programme provided six 18-week programmes for at-risk 14-18-year- olds, creating pathways to education, employment, and improved mental heatth. -young Ambassador Programme enabled 11 cohorts of young peop18 to develop leadership skills, engage in social acts'on, and contribute positively to their communities. -season Camps delivered 17 structured camps, providing young people with access to physical activity and personal developm8nt, fostering teamwork, resilience, and self-confidence. -Educational Hubs in 23 schools and community centres provlded safe, active spaces for 9-11-year- olds, reinforcing education and well-being. Enhanclng Well-belng Across Generatlons1466 Older Adults) .Active Ageing Programme ran in 12 locations ongoing indefini118y With a further 18 short term programmes, helping older adults stay physically active, socially engaged. and mentally stimulated, reducing loneliness and improving quality of life. Strengthenlng Communities and Soclal Impact (2 Vlctory Interns) -Through our Victory Scholar Programme. we restructured our approach by introducing the 'Victory Intem, opportunity, integrating high-level student-athletes who act as role models while playing professionally and working 15 hours a week with the foundation, strengthening our resources and reach. -our grong alumni network of 189 Victory Scholars continues to influence young people globally, demonstrating the long-term benefits of our programmes. -corporate Partnership5 Wlth six key organisations provided CSR opportunities, reinforcing the belief in sport as a tool for good. 10
Doeusign Envelop8 ID-. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 A Stronger, More Sustainable Organlsatlon -we developed and implemented our new 'Vision to victo strategy, ensuring sustainable groW(h through expanded programme delivery, financial sustainability, and operational excellence. -our relationships with government bodies, councils, housing associations, and sports organisations continued to strengthen, securing long-term support for our initiatives, Wlder Socletal Impact The collective impact of our work extends beyond individual beneficiaries. By fostering positive social change, Inclusivity, and well-being, we have contributed to.. -Maximising our sport led intervention initiatives for young people and older adults whilst raising aspirations and improving outcomes within education, employment, health and peace & reconciliation. -Encouraging physical activity and mental resilience in communities. -Providing alternative pathways to education and employment for at-risk youth. -Building a culture of good relations and leadership through sport. Sport Changes Life remains committed to transforming lives through sport, ensurrng that individuals and communit18s continue to thrive. Structure, governance and management of the charlty Board meetings take place bimonthly. unless a special general meeting is required. The company will hold an annual general meeting once in each calendar year. Trustees are appointed for a two- year term and are eligib18 for reappointment after this term. In appointment of a CEO, the board must reach consensus on the CEO'S job descriptlon and undertake a careful search process to find the most qualifi'ed individual for the posikn-on. The board will ensure that the CEO ha5 the moral and professional support he or she needs to further the goals of the foundation. The CEO, in partnership with the l)oard, will decide upon periodic evaluation of the CEO'S performance. The day-to-day responsibility for running the organisation is designated to the CEO. As stewards of the foundation. the board must actively participate wth the staff in an overall planning process and assist in implementing the plan'5 goals.
Docusign Envelope ID,. 6E2EC980_E5604A93_9980.C8C92415EFAB Sport Changes Life Foundatlon Company Registration Number- N1611158 Trustees. Annual Report for the period from l April 2023 to 30 September 2024 Objects of the Foundation's Nl Board- -Determin8 the Foundation's Mission and purpose -select the CEO -support the CEO and review his or her performance -Ensure effective organisational planning -Ensure adequate resources -manage resources effectively -Determine and monitor the foundation's programmes and services -Enhance the Foundation's Public image -Assess its Own performance The methods used to recrult and appoint new charity trustees 1) In line with the Articles of Association, the company shall actively promote a Board of Trustees, which includes a range of skill, experience and knowledge in keeping with the pursuance of its Objects, and to this end it is entitled to advertise and interview eligible candidates to be potential direclors of the board. a) Successful candidates arising from the interviews shall be eligible for nomination or appointment to the board under the provisions of the articles detailed below. 2) A retiring trustee shall be eligible for re-nomination and election, under the provision of the Articles. 31 The Trustee shall be elected at the annual general meeting by the members pr8s8nt (in person, or through an authorised representative or by proxy). In order to be 81igible for election to the board of trustees.. a) Nominations from members eligible to vote wlll be taken at the annual general meetlng. l) If the number of nomlnations exceeds the number of vacancies. election shall be by secret ballot, ii) If the number of nominations is less than the number of vacancies. further oral nominations may with the approval of the annual general meeting be invited from members at the said annual general meeting. b) The board of trustees is entitled to nominate those candidates selected in accordance with the Articles of Association. 4) The trustees shall have the power at any time to appoint any person, need not be a member of the company , by co-option: 12
Docusign Envolope ID.. 6E2EC980_E5604A93_998D.C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 a) To be a trustee to fill a casual vacancy. Any trustee so appointed shall hold office only urrtil the next following annual general meeting and shall then be eligible for election. b) as additional trustees with particular skills andlor knowledge up to but not exceeding a numb8r equivalent to one third of the elected trustees for the time being. Trustees so appointed shall hold office only until the next followng annual general meeting and shall then be eligible for re- appointment as co-opted trustees. Th• pollcies andpmcedures for the Induction and tralnlng of trnstees The Chair will 8SSlSt the CEO in conducting new director orientation. A training programme will be developed to ensure Ihat any newly appointed Irustees will r8ceive training on all matters necessary to enable them to perform their dutigs effectively. Where the appointee is not sufficiently experienced training should Cover a minimum of governance and management, equal opportunities, introduction to the history and activities of the organisation.sufficient explanation of the charities fi'nancial accounts and reporting procedures to enable them to exercise effective fiscal oversight, explanation of all charty policies. If the new trustee is to take on any specific duties, training in relation lo these should be assessed. Th• charitys organisational structur• The charity comprises a number of committees and vnrking groups, namely. Finance Working Group Fundraising Working Group - Governance Working Group 13
Docusign Envelope ID.. SE2EC98E5604A93_998D.c8c9241SEFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 How the charity makes declslons and how decisions are d•l•gated Finance Working Group It is agreed that the Finance Working Group shall-. -oversee the financial planning of the Foundation and establish structures, which wlll be presented to the Board for approval. Guidelines will then be drawn up in accordance wth regulations set out by the Inland Revenue. -manage the financial health of the Foundation. -To agree plans for presenting and administering effective financial procedures. -To provide financial forecasts for the strategic development work of the Foundation. -To discuss and resolve any issues in relation to the management of charitable funds and to enable the Foundation to ensure such funds are made available for the foundation's programmes, as they are needed. -To prepare and present financial reports to the Boafd in advance of board meets'ngs as required. -To receive and discuss financial reports from our accountancy support with the view to making recommendations to the Board on financial management. -To ensure transparency in all financial matters relating to the Foundation. -To identify and recommend suitable individuals to manage financial matter. -To demonstrate strategic fi'nancial leadership on matters related to the strategic direction and operation of the Foundation. -In reaching decisions the Finance Working Group of the Board of the Foundation will have due regard to the impact and implications of all decisions on operalions in Northern Ireland and the United States and the Foundation's commitment to ensuring equitable practices. -Th8 Finance Working Group of the Board will meet annually unless otherwise agreed by the Board. 14
Docusign Envelope ID". 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 Aprll 2023 to 30 September 2024 Fundraising Working Group It is agreed that the Fundraising Working Group shall: -Lead the fundraising activities of the Foundatlon. -Prepare a short- and long-term fundraising strategy with specific goals and actions for approval by the board. -Prepare and present reports on fundraising to the Board. -Receive and discuss operational reports on fundraising activities with the view to maklng recommendations to the Board. -Di8cuss and re501ve any issues in relation to the management of charitable funds and to en8bla the board to ensure such funds arè made available for the foundations programmes as they are needed. -Identify and recommend suitabl8 individuals to promote lundraising and donor prospects -oversee the coordination and promotion of th8 fundraising through a communications strategy thereby influencing key external stakeholders to assist in fundraising. -In reaching decisions the Fundraising Working Group of each of the area boards of the Foundation wll have due regard to th8 impact and implications of all decisions on operations in Northern Ireland and the United States and the Foundation's commitment to ensuring equitable practices. 15
Do$Ign Envelope ID.. 6E2EC980_E5604A93_998D.C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 Governance Working Group -It is agreed that the Governance Working Group shall ensure that the Board fulfils it legal, ethical and functional responsibilits-es through adequate governance by: -Designing appropriate governance policies and procedures., -Defining the roles and responsibilitl8s of the directors and its Working Groups., -Notifying the Board if rt is at risk of falling below the number of directors required in the relevant constitution. -monitoring the Foundalion's conflict of interest policy in relation to its Trustees and confirming that the Board duly observes the policy as set out in the Foundation's articles of association from time to time. -confirming Trustees appointed to the Board have been notifi'ed of and agree with the mission of the foundation and the expectstions of directors. -confirming Trustees appointed to the Board have been notified of and agree to the tim& and participation requirements of directors. -confirming elections and appointments to the Board comply with the constitutlon and other legal requiremenls. -confirming that Trustees hav8 all financial and governanc8 knowledge necessary to dlscuss, debate and plan to achieve the Foundation's mission and goals. -monitoring the attendance and contribution of members. -Drafting governance policies and budgets for board development for approval by th8 Board. -Ensuring transparency in all matters r8lating to the Foundation. -In reaching decisions the Gov8rnance Working Group of the Foundation will have due regard to the impact and implications of all decisions on operations in Northern Ireland and the United States and the Foundation's commitment to ensuring equitable practices. -The Governance Working Group will meet annually unless otherwse agreed by the Board. The Chlef Executive Officer and other senior managomont personnél to whom day to day management is delegated During the period ended 31 March 2024 The Chief Executive (CEO) of the charty was Alan Teggart. In March 2023 Aan Teggart was appointed Interim CEOIGeneral Manager and replaced Gareth Maguire as Chief Executive (CEO) on 1 November 2023. The trusteas, bankers and advisors Bankers Ulster Bank Limited, University of Ulster, Shore Road, Jordanstown, Nevrtownabbey, County Antrim, BT37 OQB 16
Docusign Envelope ID., 6E2EC980.E5604A9&998D_C8C92415EFA8 Sport Changes Life Foundatlon Company Registration Number. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 Flnaneial revlew The charfty s flnanclalposition at the end of the pariod ended 30 September 2024 The finsncial posits-on of the charity at 30 September 2024 and comparatives for the prior period, as more fully detailed in the accounts. can be summari5ed as follows:_ 2024 2023 Net Incomè 161,423 (80,467) Unrestricted Rev8nue Funds available for the general purposes of the charity 81,847 (79.576) Total Funds 81,847 79,576 Financlal rnvlew of the posltlon at the reporting date. 30 September 2024 Incoming resources for the 18 month period ended 30 September 2024 were £842,793 compared to resources expended for the year of £481,370. Net reserves at the end of the year amounted to £81,847, this balance remains in unrestricted funds at year-end. In th8 past 18 months, Sport Changes Life has mad8 notable progress in improving its financial position. Despite the ongoing economic challenges affecting the charity sector, we have strengthened our financial resilience through increased public grants, successful fundraising efforts, and private donations. These additional revenue streams have contributed to a mofe stable fi'nancial outlook, allowng us to continue delivering impactful programmes to our beneficiaries. 17
Docusign Envelope ID.. 6E2EC980-E5604A93.998D.C8C92415EFAB Sport Changes Llfe Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 Over the past 18 months. we have implemented cost-saving measures, streamlined operations, and actively sought more favourable financial agreements wth external partners. These efforts have reduced non-essential expenditure while ensuring that our core programmes remain fully operational and effective. To further strengthen our financial position. we are committed to expanding income generation opportunities through a strategic Business Development approach. This will focus on: -Enhancing fundraising initiatives by engaging with corporate partners and philanthropic supporters. -D&veloping innovative revenue streams that align with our mission and long-term sustainability goals. -strengthening existing partnerships and seeklng new ¢ollaborations to diverslfy funding sources. By adopting this strategy, Sport Changes Life Is positioning itself for long-tem sustainability and resilience, ensuring that we can Gontinue transforming lives through sport for years to come. Pollcles on reseryes Sport Changes Life fi'nancial aim is.. -To secure and sustain the Foundation's viability and future. -To give reassurance to the general public that Sport Changes Life, vthich Is a charity, intends to use all of the money coming into its care for the purposes of the charity. -General (unrestricted) funds remain available to be used for any or all of the purposes of the Foundation. -other funds are also Included for the sake of clarity and openness and to show that Sport Changes Life has a policy for the management of all of its money not simply those of which are defined as reserves. -we wll seek to reach a level of funds, which ensures that the organisations core activity could continue during a period of unforeseen difficulty. As the organisation evolves, it is our aim to hold a minimum reserve to meet the above criteria. It would be our aim to hold reserves policy in the region of £90,000 which, based on current activity levels, should be suffiaent to maintain overheads for a sensible period. Availablllty and adequacy of assets of each of tho funds The board of trustees is satisfied that the charivs assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 18
Docusign Envolop& ID.. 8E2EC981>E5604A93-998D-C8C92415EFAB Sport Changes Lrfe Foundation Company Registration Number.. N1611158 Trustses. Annual Report for the period from 1 Aprll 2023 to 30 September 2024 Detalls of The Independent Examlner William Wilson Member of Chartered Accountants Ireland William Wilson Chartered Accountants 25 Shore Road Holwod BT18 9HX 19
Docusign Envalope ID.. 6E2EC980-E560-4A93_998D.C8C92415EFA8 Sport Changes Llfe Foundation Company Registration Number.. N1611158 Trustees, Annual Report for the period from 1 April 2023 to 30 September 2024 Statement of the Directors Trustees. Responslbllitieg The charity's trustees are responsible for the preparation of the accounts in accordance with the temis of the Companies Act 2006, the Charities (Northem Ireland) Act 2008, as amended and Th8 Charities (Accounts and Reports) Regulations (North8rn Ireland) 2015 In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity- In preparing those financial statements the Board is required to -_ to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). select sultable accounting pollcles and apply them consistently. make judgements and estimates that are reasonable and prud8nt', prepare the financial statements on the going concern basis unléss it is inappropriate to presume that the charity will continue in business- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements- The law requires Ihat the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustaes are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charitrfs transactions and enable them to ensure that the financial statements comply with the Companies Act 2008 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the Trustees, report, and the statLrtory responsibility of the Independent Examiner in relation to the Trustees, report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. Method of prepardtlon of accounts - Small company provisions The financial statements are set out on pages 24 to 43. 20
Docusign Envelope ID.. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundation Company Registration Number.. N1611158 Trustees. Annual Report for the period from 1 April 2023 to 30 September 2024 The financial statements have been prepared implementing the FRS 102 SORP {Statement of Recommended Practice for Accounting and Reporting by Charities) 2015. (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1 st January 2016) Thes8 financial statements have been prepared In accordance with the provisions in Part 15 of tho Companies Act 2006. applicable to companies subject to the Small companies regime. This report was approved by the board of trustees on 29 September 2025. by.. gwLsL r gyalAI,a'lAtnaM Director and Trustee 21
Docusign Envelope ID.. 6E2Ec98E56O4A93_9g8D.C8C924l5EFAB Sport Changes Llfe Foundation Report of the Independont Examlner to the Trustees of tha charitable company on the accounts for the period ended 30 September 2024 I report to the Trustees on my examination of the fi'nancial statements of the charitable company on pages 24 to 43 for the period ended 30 September 2024 which have been prepared in accordance with the Charities INDrthern Ireland) Act 2008. as amended (the Act) and with the Financial Reporting Standard 102, (eff8Ctive 1st January 2016} as modifiéd by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 20191, (The SORPI, published by the Charity Commission in Northèrn Ireland {CCNII . and under the historical cost convention and the accounting policies set out on page 30. R•spaetlv9 r88ponslbilitlgJ of the Trustees and the Indapendent Examlnor •nd th8 basls ol the r•port As described on paga 20. you, the charitable company'$ Trustees, who are also the Directors of the Company for the purposes of Company law. are responsible for Ihg preparation of the financial statements in accordance with the Companies Act 2006. the Charities (Northern Ireland) Act 2008, as amended and all oth8r applicable law 8nd with United Kingdom Generally Accepted Accounting Practice, applicable to smallèr entities, and for béing satisfied that th8 ff nancial statémants give a true and fair view. The Trustees consider that the audit requirement of 65121 of The Charities (Northern Ireland) Act 2008, as arnended (The Acll does not apply, and that there is no requirernent in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Compani65 Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination. Having satisfi'ed myself that the financial statements are not required to be audited und8r any legal provision, or otherwise, and are eligible for independent examinab'on, it is my responsibility to.'- al examine the financial statements of the charity under Section 65(31 of the Act., bl follow the applicable procedures in the Directions to Independ8nt Examinerg made by the Charity Commission in Northern Ireland and., ) state whether particular matters have come to my attention. Ba818 of Indopandent Examln•r's Statement and scope of work undertaken I conducted my examination in accordance with the Directions lo Independent Examiners made by the Charity Commission in Northern Ireland. setting out the duties of an independent examinar in relation to the conducting of an indapendent examination. An indendent examination includes 8 review of the accounb'ng rerS kapl by the charitable company and of the accounting systems employad by the charitable company and a comparison of Ihe financial stat8ment5 presented with those wcords. It also includes consideration of any unusual iterns or disclosures in the financial statements, and saeking axplanats'ons from you, as Trustees. concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislats'on and that, on a test basis of evidenc6 relevant to the amounts and disclosures made, the fi'nancial staternents comply with the SORP. The produ3 undertaken do not provide all th8 evidence that would bg required in an audit, and infomiation supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and do85 not cover all the matters that an auditor would considgr in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide 22
Docuslgn Envelope ID.. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Llfe Foundatlon Consequently, I do not èxpress an audit opinion on the view given by the finanaal statements, and in particular, l express no opinion as to whether th6 financial statements give a true and fair view of the affairs of the charity. and my report is limited to the matters set out in the statement below. I planned and performgd my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report l obtsined written assurances from the Trustees of all rnalerial matter5. Independent Examlne¢s Statement. Report and Oplnlon Subject to th8 limitations upon the scope of my work as detailed above. I have completed my examination.. and can confimi Ihat=_ The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 20C6', The gross income of th8 charitable company in the period ended 30 September 2024 appears to exceed the sum spécified in Section 6514} of the Act, nam61y £100000. and that l am qualified to 8Ct as Independent Examiner in accordance wth that sects'on by virtue of my being a qualified member of Charter8d Accountants Ireland.. This is a port in respect of an examinats'on carried out under 85131 of the Act and in accordance with Directions to Independent Examin&rs made by the Charity Commission in Northern Ireland which may be applicable., and that no material mattérs have come lo my attention in connecllon th thé examination giving me cause to b81ieve that in any material resp&ct'.- accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 63 of The Charities (Northern Ireland) Act 2008. as amended.. when preparing accounts on an accruals basis, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations Setting out the fomi and content of charity accounts., have been prepared in accordance with the methods and principles set out in th8 FRS 102 SORP {Slalement of Recommended Practice for Accounting and Reporbng by Chanties) 2015, las 8m8nded by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORPI. have been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recornrnended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounts'ng penods beginning on or after 1st January 2019). {The SORP). have not b8en mel or to which. in my opinion, attention should be drawn in my report in order to enable proper understanding of the accounts to be reached. Signed:. ,//1 Q/fj u/1 William Wilson - Independent Exarniner Chartered Accountants Ireland William Wilson Chartered Accountants 25 Shore Road Holywood 8T18 9HX Thi5 report was signed on 29 September 2025 23
Oocusign Envelope ID.. 6E2EG980_E560_4A93_998D_C8C92415EFAB Sport Changes Llfe Foundation - Statement of Financial Activities for the rIOd ended 30 September 2024 Statemant of Financial Actlvitiés (including the Incom8 and Expenditure Account for th• period fmm 1 Aprll 2023 to 30 September 2024, as required by the Companies Act 2006) SORP Current year Unre8trictsd Fund¥ Current year Re•tricied Funds Current ygar Total Fund• Prlor Year Total Fund$ 2024 2024 2024 2023 Income & Endowmgnts from: Donation5 & Legacies Charitsble activitses other trading aclimlies Other A1 430,562 189,892 9,673 12.666 430,562 189,892 9.673 12,666 83,661 103,494 A3 Total In¢¢)mo 642.793 642.793 187,165 EXrK11turfr on: Charitable aclvllles other B2 83 345.294 136,078 345,294 136,076 239,084 28,538 Total oxpendlture 481,370 481,370 267.622 Net incomo for th• yoar 161,423 161.423 (80,467) Nat Incom• aftgr transforn 161.423 161.423 180,467) Net rnovoment In fund8 161.423 161,423 180,467} Rone111*10n of funds:. Total funds brought forward 179,5781 {79,5761 891 Total funds carrlad forward 81,847 81,847 179.576 The 'SORP Ref Indl¢atsd abov8 is the classffication of income sel out in the formal SORP documgnt3. As required by paragraph 4.60 ot the SORP, the brought fOard and Garried forward funds above have been agreed lo the Balance Sheet. A Separate Slalement of Total Rewgni5ed Gains and L088es Is not required as this statement includes all recognised gains and losses. I the prior year tran8aclions were unre51ricted items, and no further analysis 18 required. All activities derive from continuing operations The notes attached on page8 30 to 43 forni an Integral part of these accounts. 24
Docusign Envelope ID.. 6E2EC98o.E5604A93.998C8c924lSEFAB Sport Changes Life Foundation - Statement of Financlal Activities for the period ended 30 September 2024 Sport Changes Life Foundation - Resources applied in the period ended 30 September 2024 towards fixed assets for Charity use:. 2024 2023 Funds generated in the year as detailed in the SOFA Re59urces applied on functional fixed assets Other applicatrons of fvnds 161,423 180,4671 Net resourcè8 available to fund charltsbla activities 161.423 80,467 The resources applied on fixed assets for charity use represent5 the cost of additions less proce8ds of any disposals. Tho note8 attached on pages 30 to 43 forni an Intsgral part of these accounts. 25
DocAAslgn Envelope10.' 6E2EC980-E5604A9>998D-C8C92415EFA8 Sport Changos Life Foundation - Statemont of Financial Activltles for the period ended 30 September 2024 Movements In revenue and capital funds for the period from 1 April 2023 to 30 September 202 Revenué accumulated funds Unr•strl¢tsd Funds 2024 RtrIct•d Fund9 2024 Total Funds 2024 Last year Total Fund• 2023 A¢¢umulatsd funds brought forward (79,576) {79,5781 891 Recognised gains and losses before transfers 161.423 161,423 180.4871 81,847 81,847 {79,5761 Closlng revenug funds 81,847 81.847 79.576 Summary of funds Unr••trlet•d •nd 0•81gnated lund• 2024 R••trlctsd Fun Total Pund• Lait Y••r Total Fund• 2024 2024 2023 Revenu8 accumulated fvrKJs 81,847 81.847 179.5761 Tha note8 attached on page8 30 to 43 form an integral part of the88 accounts. 26
Docusign Envelope ID.. 6E2EC980-E560.4A93_9980_C8C92415EFA8 Sport Changes Llfe Foundation - Statement of Financial Activities for the period ended 30 September 2024 Sport Changes Llfe Foundation Income and Expanditure Account for the period from 1 April 2023 to 30 September 2024 as required by the Companles Act 2006 2024 2023 Income Income from operations Othei operating income 830,127 12,686 187,155 Gros• In¢om• In th• porl¢xl boforo •xceptlonal Items 642,793 187,155 Gross Income In tho perlod Includlng oxc•ptlonal It•m$ 642.793 187,155 Expendltur• Charitabl& exFenditure, excluding depreciation and amortisalion Governance costs Olh&r expendituro 332.334 12.960 136,076 226,124 12,960 28,538 Total expenditure In the period 481,370 267,622 Net Income bef¢xe tax In tho flnanclal year 161,423 (80.467) Tax on surplus on ordinary uclivities Net Incomè aft•r tax In the flnancial year 161,423 {80,467) Retalnod surplus for the flnanclal year 161,423 80,467 All activities derive from continuing operations In accordancé with the provislons of the Companies Act 2006, th8 h6adlngs and sUbhdIng8 us•d In the Income and Expenditure aexounl havo b•8n adapted to i&flect the special nature of the Charitys 8¢tivilies. The notes atto¢h•d on pages 30 to 43 forni an Integral part ol these accounts. 27
Docusign Envelope ID.. eE2EC980-E5604A93-998tkC8C92415EFAB Sport Changes Llfe Foundatlon - Balance Sh88t as at 30 September 2024 30 September 2024 SORP Ref 31 March 2023 Nots Flxed assetg Tangible assets 10 A2 Current assgts Deblors Cash at bank and in hand 11 B2 25,463 291,739 81,530 6.676 Tolal current assets 317,202 88.206 Creditorn: arnounts falllng due wlthin one year 12 C1 (235,355) 1167,7821 Net current assets 81,847 {79,5761 Tho tolal not a$g0ts of the ¢harlty 81,847 {79,6781 Tho total not a880ts of the charity are funded by tho fundg of tha ¢harlty, a8 follows:. Unre8trlcted Funds Unrestricted Revenue Fund8 15 D3 81,847 179.5761 81,847 {79.5761 Total charlty fund• 81,847 {79,576) 28
Docusign Envelope ID.. 6EzEC98E56O4A93-gs80-eeC924l5EFAB Sport Changes Llfe Foundation - Balance Sheet as at 30 September 2024 The 'SORP Ref indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP. the brought forward and carried forward funds above have been agreed to the SOFA. The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit und8r section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with s8Ction 476 of the The diredors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 viith respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independenl Examiner is on page 23. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. Slqn•d by.. guYLsL Tkn, 89n4f¥JF19C9441¥C Dr S Tharniaratnam Chair and Tru8tee Approved by the board oflruslee8 on 29 Seplember2025 The note8 attached on pagots 30 to 43 forni an Integral p•rt of th•80 accounts. 29
Docusign Envelope1D., 6E2EC960_E5604A93_998D.C8G92415EFAB Sport Changes Life Foundation Notes to the Accounts for the period from 1 April 2023 to 30 Septomber 2024 1 Accounting policies Policies relating to the production of the accounts Basig of preparation and accounting convention The accounts have been prepared on the accruals basis. under the historical cost convention, and in acwrdance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP {Statemenl of Recommended Practice for Accounting and Rèporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019}, {The SORP). published by the Charity Commission in Northern Ireland (CCNII effective January 2018, and in accordance with all applicable law in the charity's jurisdiction of registration Going Concern The charitable activities are entirely dependent on continuing grant aid and volunlary donations as well 8S trading revenues. As a consequ8ncè. the going concem basis is d8pendent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and. aftér reviewing the financial forecasts for future periods to 30 September 2026, the Trustees are satisfied that, at the time of approving the financial statements. it 1$ appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Truslees are not aware of any material unc8rtainit8s about the charity's 8bility to continue as a going concern. Rl8ks and future assumption8 The charity 15 a public benefit enlity. Policies relating to catogorios of incomo and incom• rncognition Nature of Incorne Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out Sn respect of services provided to customers. C4tegori•• of In¢omo Income is categorised as income from exchange transactions {contract income) and income from non- exchange transactions (gifts). inv8Stment income and other income. Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling perfomiance related conditions. The income the charity rec8lV85 is approximately equal in value to the goods or services Supplied by the charity to the purchaser. Income from a non4xchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and seiC&S freely given without giving equal value in exchange. 30
Docusign Envelope ID.. 6E2EC98Es6O-4A93-g98D-c8c9241sEFAB Sport Changes Life Foundation Notes to tha Accounts for the period from 1 April 2023 to 30 September 2024 Income recognition Income, whetherfrom exchange or non exchange transactions. is recognised in the statement of fi'nancial activities (SOFA) on a receivable basis. when a transaction or other event results in an increase in the charity's assets or a reduction in ils liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. Dividend5 are accrued when the shareholder's right to re1ve payment is established. Income subject to term5 and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income is accounted for gross. b8fore d8ducting any relal8d feès or costs. Accountlng for deferred income and Income received in advanco Wher8 t8rms and conditions relating to income have not been met or uncertainty exists as to whether the Gharity Gan meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until It is probable that the temis or ¢onditions imposed Can be met, Any granl that Is Subject to performance-related nditionS received in advance of delivering ihe goods and servi$ required by that condition, or is subject lo unmet condilions wholly outside the control of the recipient charity, is accounted for as a liability and shown on th8 balance sheet as deferred income. Deferred income is released to income in the reporting periad in which the performance-relaled or other conditions that limit recognition are mel. When income from a grant or donalion hes not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met. Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance ofth6 expenditure on the activity funded by them, but Ihere are no specific lime related conditions, then the income is not deferred. Any ¢onditlon that allows for the recovery by the donor of any unexpended part of a 9rant does not prevent recognition of the income concerned, but a liability lo any r8paym8nt is recognised when repayment becomes probable. 31
Docusign Envelope ID.. 6E2EC980-E5604A93-998D-C8C92415EFA8 Sport Changes Life Foundation Notes to tha Accounts for the period from 1 April 2023 to 30 September 2024 Donated goods, facilities and servlces Donated good5 that are not fixed assets ar6 accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items. In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or. in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated cost5 of Sales. If it is impracticable to measure the fair value of goods donated for resale. or the costs of valuation oulweigh the benefits, th8 donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense. The costs of goods donated for distribution to beneficiaries is deemed to b& the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale. to the value at the point of distribution and the adjustment IS shown as a cost of donations made. Donated servlca8 and facllltles (includlng seconded staff and use of property) are Included in the accounts on the basis of the value of the gift to the charity. All donated services and facilities are re¢ognised as donation income when received.Iprovided the Value of the gift can be measured Teliably) and recognised as an expense with an equivalent value. Policies relating to oxpenditur• on goods and servlces provided to tho charity Recognition of Ilabilities and expenditure A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past evgnt, and when it is rnore likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be rnea5ured or reliably eslimated. Liabilities arising from future funding commitments and constructive obligations, including performance related granls. where the timing or Ihe amount of the future expenditure required lo seltle the obligalion are uncertain, give rise to a provision in the accounts, which is reviewed at the a¢¢ounting year end. The provision is increased to reflect any increases in liabilities. and 1$ decreased by the utilisation of any provision wilhin the period, and reversed if any provision 15 no longer required. Th858 movements are charged or credited to the respective funds and aclivilies lo which the provision relates. Volunteers In accordance with Ihe SORP. and in recognition of the difficulties in placing a monetary value on the contribution from voluntèers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6. 32
Docusign Envelope ID.. 6E2EC980-E5604A93-9980-C8C92415EFAB Sport Changes Life Foundation Notes to the Accounts for the perlod from l Aprll 2023 to 30 September 2024 Policlos relatlng to assets, liabilities and provisions and other matters Tangible fixed assets Tangible fixed assets are measured at their otiginal cost value. or subsequent revaluation. or if donated. as described above. Cost value includes all costs expended in bringing the asset into it5 intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their eslirnated useful lives. Equipment Fixtures and fittings 33 /0 Straight line 33 % straight line A regular annual review of the likelihood of asset impairment is undertaken. Debtors Debtors are measured at thelr recoverable amounts at the balance sheel datè. Cash and bank balancès Cash held by the charily is included at the amount a¢lually held and counted at the year end, B8nk balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. Pengion3- defined contrlbution 8cheme8 The charity operates a defined contribution pension scheme. Contributions are charged to the profrt and loss account as they become payable in accordance with the rules of the scheme. Fund Accountlng Unrestricted funds are avallable for us8 at the dlscretlon of the trustees In furtherance of the general objectives of the charity. There are no endowment funds. 2 Liability to taxatlon The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, th8 Charity is potentially exempl from taxation in respect of income or capital gains received within Gategories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on thè specific charitable objects of the harity and for no olher purpose. Value Added Tax is not recoverable by the charity, and is therefore induded in the relevant costs in the Stalem8nt of Financial Activitiès. 33
Docusign Envelope ID-. 6E2EC980-E560-4A93-998D-C8C92415EFAB Sport Changes Life Foundation Notes to the Accounts for the period from 1 Aprll 2023 to 30 Soptember 2024 3 Winding up or dlssolution of the charity If upon winding up or dissolution of the charity there rémain any assets, after the satisfaction of all dabts and liabilities, the assets représénted by the accumulated fund shall be transferred to som6 other charitable body or bodies having similar objects to the charity- 4 Significance of financial instruments to the charfty's P*Ydition There are no significant implications of such matters. 5 Net SUfplu• before tax In tho flnanclal yoar 2024 2023 The net surplus before tax In the financial year is slated after charglng:. Pension costs Auditors. remuneration 8,538 4,871 6 The contrlbutlon of voluntsers The charity depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are difficult to value pr8Ci58ly in monetary terms and have not been recognised in the Statement of Financial Activitiès. The volunteer5 and the charity accept and agree that no contract of employment is crèated by these arrangements. 7 Staff costs and gmoluments Salary costs 2024 2023 Gross Salaries excluding trustees and key management personnel Employerfs National Insurance for all staff Employe¢s operating costs of defined contribution pension schemes 256,274 13,818 175,831 12,101 6,538 4,871 Total salari¢$, waggs and related costs 276,626 192,803 The average number of part time staff employed in the period was The average number offull time staff employed in the period was The 6stimaled full time equivalent number of all staff employed in the peri¢)d was Neither the trust8es nor 9ny persons connected with them have received any remuneration from the charity or any relaled entity, either in the current or prior period. No employees received emoluments (exduding pension costs) in excess of £60.000 p8r annum.
Docusign Envelope ID.. 6E2Ec980-ES604A93-998D-C8C92415EFAB Sport Changes Life Foundation Notes to the Accounts for the perlod from 1 April 2023 to 30 September 2024 8 Defined contrlbutlon pension schemes Any liabilites and assets associated with the scheme are shown under debtors and creditors. 9 Remuneratlon and payments to Trustoes and persons connected with them No truste8s or persons connected wilh them received any remuneration from the charity, or any related entity. 10 Tangible flxed assets Curront Yoar Land and Bulldlngs Fixturès and fittlngs Equipment Total Cost At 1 April 2023 27,397 7,523 34,920 At 30 Soptembar 2024 27,397 7,523 34,920 0opre¢iation At 1 Aprll 2023 Charge for the period 27,397 7,623 34,920 At 30 Sgptombgr 2024 27.397 7,523 34,920 Ngt book value At 30 September 2024 At 31 March 2023 Prior Y•ar Land and Bulldlngs Equlpmont Flxture8 and flttlngs Total Cost 01 April 2022 Disposals 27,397 7.523 34,920 01 October 2023 27,397 7,523 34,920 Depreciation 01 April 2022 Charge for the period 27,397 7,523 34,920 01 October 2023 27,397 7,523 34.920 Net book value 01 October 2023 01 October 2022 35
Docusign Envelope ID,. 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundation Notes to the Accounts for the period from 1 Aprll 2023 to 30 SoPt8mbor 2024 11 Debtors 2024 2023 Prepayments and aGcrued income 25.463 81,530 25,463 81,530 12 Creditors: amounts falling due wlthSn one year 2024 2023 Trade creditors PAYE, NIC VAT and other taxes Other creditors 84,707 132,313 18,335 76,114 69,176 22,492 235,355 167,782 13 In¢omo and Expendlturo account 8ummary 2024 2023 At 1 Aprll 2023 Surplus after tax for the year At 30 September 2024 {79.576) 161,423 891 {80,467) (79,576) 81,847 14 Particularn of how partlcular funds aro ropre8onted by assets and Ilabllltle• At 30 September 2024 Unrastricted Deslgnatsd Restrlctsd fund8 funds funds Total Funds Current Assets Current Llabillties 317,202 (235.355) 317,202 1235,355) 81,847 81,847 At 1 April 2023 Unregtricted Deslgnatsd Rostrlctsd fund8 funds funds Total Fund8 Current Assets Currenl Liabilit188 88,206 (167,782> 88,208 (167.782) 79,576) 79,576
Docusign Envelope ID.. 6E2EC98(>E5604A93_998D_C8C92415EFAB Sport Changes Life Foundation Notes to the Accounts for the period from 1 April 2023 to 30 Septamber 2024 15 Change In total funds over the period as shown In Note 14, analyged by individual funds Funds brought forward from 2023 Movement Transfern In funds in between 2024 funds In 2024 Funds carried forward to 2025 Seè Note 16 Unr•strl¢ted and designated funds... Unrestricted Revenue Funds (79,5761 161,423 81.847 Totsl unre•tricted and deslgnated funds 79,5761 161,423 81,847 Total charlty funds 79,576 161.423 81,847 16 Analy¥i• of movement8 In fund• over the period as 8hown In Note 15 Other Expenditure Galn8 & Lo88e8 2024 Incom• Movamant In funds 2024 2024 2024 Unrestricted and designated funds... Unrestricted Rev6nue Funds 642,793 (481,3701 161,423 642,793 481,370 161,423 17 The purposes for whlch the fund8 a8 detailed In note 15 are held by the charlty are:. Unrestrlcted and designat•d funds... Thes8 funds are held for the meeting the oblectives of th8 charify, and to provide reserves for future activities, and subject to charity legislation, are free from all restrictions on their use. Unrestricted Revenue Funds 18 Ultlmats controlllng party The charity is under the control of its legal members. Every member of the charity 15 obliged to ntribUte such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member. or within one year after he or She ceases to b8 a member. 37
Docusign Envelope ID.. 6E2EC980-E5604A93.998D_C8C92415EFAB Sport Changes Lif8 Foundation Detalled analysis of income and expenditure forthe period from 1 Apdl 2023 to 30 September 2024 as requlrnd by the SORP 2015 This analysis is classsified by conventional nomlnal descriptions and not by activity. 19 Donations, Grants and Legacies Current year Current year Current year Prior Year Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2024 2024 2023 Donatlons and glfts from Indlviduals Srnall donations individually less than £1000 Mossley Hockey Club S Tharnia 12,105 2,000 299,000 12,105 2,000 299,000 4.272 Tolal donatlons and g1ft8 from Indlvldual8 313,105 313,105 4.272 Current year Current year Curront year Unrestrlctod Restrlcted Total Fundg Fund8 Funds 2024 2024 Prlor Year Total Fund• 2024 2023 Revenue grants from govarnmont and publ1¢ bodies Belfast Clty Council Department for Communlties The Executiv8 Office Awards for All OFMDFM 2,920 4,991 38,051 19,900 3,500 2,920 4,991 38,051 19,900 3,500 6.838 3,551 Total publlc sector revenua grants 69,362 69,362 10,389 Current year Current year Current year Unre8tr1ctod Rè8tricted Total Funds Fund8 Fund8 2024 2024 Prlor Year Total Fund• 2024 2023 Revenue grants and donatlon• from non public bodies Small grants individually lass than £1000 Hallfax Dormant accounts grant 1.762 1,762 5,000 41,333 5,000 41,333 Total private sector revenue grants 48,095 48,095 38
Docusign Envelope ID,. 6E2EC980_E5604A93_998D_C8C9241 SEFA8 Sport Changes Life Foundation Detailed analysis of income and oxpendSture for the perfod from 1 Aprll 2023 to 30 September 2024 as requirnd by the SORP 2015 Current year Current year Current year Prior Yèar Unrestricted Restricted Total Funds ToLIl Fund8 Funds Funds 2024 2024 2024 2023 Insplru8 InspiNs 69,000 Total In8plrus 69.000 Total Donatlon8, Grant• and Logacl•8 Unregtrictod Rgstrlcted Funds Fund$ Currnnt Yejr Total Fundg 2024 Prior Year Total Fundg CUnt year 2024 2024 2023 Tolal Donatlon8. Grants and L8gacie8 A1 430,562 430.562 83,661 20 Income from charltable actlvltle8 - Tradlng Actlvltle3 Curnnt year Currentyear Current year Curront year unrestrietea Ke8trictea Total Fund8 Fund8 Fund8 2024 2024 Prlor Year Total funds 2024 2023 Prlmary purpo80 and anclllary tradlng Coaching income 1 a9,892 189,892 103,494 Total Prlmary purpo8e and ancillary tradlng 189,892 189,892 103,494 21 Total Income from charltable actlvltles Current year Current year Current year Unrestricted Restricted Total Funds Funds Funds 2024 2024 Prlor Year Current year Total Funds 2024 2023 Total income from charitable trading 189,892 189.892 103,494 Total from charitable activltles A2 189.892 189,892 103,494 39
DocJJsign Envelope ID.. 6E2EC980-E5604A93-998ThC8C9241 SEFAB Sport Changes Life Foundation Detailed analysis of income and oxpondlture for the perlod from 1 April 2023 to 30 September 2024 as required by the SORP 2015 22 Income from other, non charitable, trdding a¢tivities Current year Current year Current year Prlor Year Unrestricted Rèstricted Total Funds Totsl Funds Funds Funds 2024 2024 2024 2023 Income from fundralsing evenls 9.673 9,873 Total from other i¢tlviti•• 9,673 9,673 23 Other Income and galn8 Currnnt year Current year Curront year Unrestrlcted Re8trlctsd Total Fund8 Funds Fund8 2024 2024 Prior Y•ar Total Funds Current year 2024 2023 Ernployment grant 12,666 12,666 Total other Income AS 12,866 12,666 24 Expandlturo on charltable actlvltle8 - Dlrnct 8pendlng Currentyear Current year Current yè•r Prfor Year Unrestrlcted Re8trlcted Total Funds Total Fund• Funds Funds 2024 2024 Current Year 2024 2023 Gross wages and salaries - charitabl8 activities Employers, Nl - Charitable actlvities Defined contributlon penslon costs charitable activitie5 Travel and Subsistence - Charitable Activities Coaching costs Sports kit Facility hire Participant event Other 256,274 256,274 175,831 13.818 13,816 12,101 8,536 6,536 4.871 22,376 22,378 14,620 14,307 639 2,352 700 703 19,538 4,403 2,005 7.386 19,538 4.403 2.005 7,386 Totsl dlrect spendlng B2a 332,334 332,334 226,124
Docusign Envelope ID: 6E2EC980-E5604A93-998D-C8C92415EFAB Sport Changes Life Foundatlon Detalled analysls of Incomo and expenditure for thè period from 1 April 2023 to 30 September 2024 as required by the SORP 201S 25 Support costs for charitable activllios urrent yoar Current year Current year Prlorygar Unrestrlcted Restrlcted Total Funds Tolal Fund5 Funds Funds 2024 2024 Cuffent Year 2024 2023 Prnmises Expenses Rent payable und8r operating leases 7,330 7,330 Admlnlstratlve overheads Telephone, fax and internet Printing and postage Membership subscriptions Computerslweb developm8nt MarkètinglPR Insurance Sundry expénses Repairs and maintananc8 Trainlng Web51te build Exceptional c08t - bad debt provision HMRC interest 3,657 4,617 400 7,635 5,013 1.960 5,800 719 650 8,703 69.000 19,794 3.657 4,617 400 7,635 5,013 1,960 5,800 719 650 8,703 69,000 19,794 2,059 3,169 216 10,581 1,208 3,549 1,702 Pmfesslonal lees paid to advisors other than tho auditor or examiner Other18gal and professlonal 375 375 165 Financial costs 8ank charges 423 423 Support Costs b•foro reallocatlon 136,076 136,076 28,538 Less support costs rnallocatad to Sp111¢ actlvltle$ To non charitabl8 Costs (136,0761 (138,076> {28,538) Total support costs - Current Year The basis of allocation of costs behveen actlvities is described under accounting policies 41
Dowsign Envelope ID.. 6E2EC980_E5604A93_998D_C8C92415EFAB Sport Changes Life Foundation Detalled analysls of Income and expenditura for thè period from 1 Aprll 2023 to 30 September 2024 as requlred by tho SORP 2015 26 Other Expendlturo . Governance co¥ts Current year Currgnt year Current year Unrestrlcted Restricted Total Funds Fund$ Funds 2024 2024 Prlor Year Total Funds Curnt Year 2024 2023 Consultancy- accountancy Professional fees 12,960 12.960 12,960 Total Governance costs 12,960 12,960 12,960 All the èxpandlture In the prlor year was unrestricted. 27 Total Charltable expandlture Curr•nt year Curront year Current year Prlor Yoar Unrestrlcted Rogtricted Total Funds Tot•1 Funds Fund8 Funds 2024 2024 Current Year 2024 2023 Total direct spending Total Governance costs 82• B2e 332,334 12,960 332,334 12,960 226.124 12,960 Total charltable éxpondlture 345,294 345,294 239,084 All the expenditure in the prfor year was unrestrfcted. 28 Other tradlng expendlture unrolated to lundra181ng or charltable actlvltle8 Current year Current ye•r Curront y••r Unrestrlctod Restrlcted Total Funds Funds Funds 2024 2024 Prlor Year Total Fund• 2024 2023 Reallocated from support costs 136,076 136,076 28,538 Non charlty expendlture B3b 136,076 136,076 28,538 42
Docusign Envelope ID.. 6E2EC980_E5604A93.9S8D_C8C92415EFAB Sport Changes Life Foundation Detalled analysis of income and expendlture for the period from 1 April 2023 to 30 September 2024 as requlred by the SORP 2015 29 Total of other expendlture Current year Currant year Currènt year Prior Year Unrestrl¢ted Restrlcted Total Funds Funds Funds Total Funds 2024 2024 Cutrent Yaar 2024 2023 Non charity expenditure 136,076 136,076 28.538 Total othgf •XP?nditure B3 136,076 136,076 28.538 All the Oxpendlture In the prior year was unreslricted. 43