HMRC Chartty number: NIC104876
Company number: N1611652
SALT
FACTORY
SPORTS
SALT FAcfoRY SPORTS
IA company Ilmlted by guarantee)
Unaudited Trustees, Report and Financial Statements
for the year ended 31 Au8USt 2023

SALT FACTORY SPORTS
(A company limited by guarantee)
Contents
Page
Legal and Administrative Information
Chairman's Review
Trustees, Report
Independent Accountanys Report
io
Statement of Financial Activlties
li
Statement of Financial Position
12
Notes to the Financlal Statements
13-18

SALT FACTORY SPORTS
(A company limited by guarantee)
Legal and administrative inforniation
HMRC Charity Number
NIC104876
Company Reglstration Number N1611652
Business Address
CIO Trinity Methodist Church
Ballymacoss Avenue
Lisbum
Co Antrim
BT28 2GU
Registered Offlce
CIO Trinity Methodist Church
Ballymacoss Avenue
Llsburn
Co Antrim
BT28 2GU
Trustee5
Mr Christopher Mcvlttle {Chairman)
Mr Martin Pitt {Trea5urerl
Mr Glenn Emerson
Mr Mervyn J Shannon
Mr Thomas Greenaway
Secretary
Mr Christopher Grant
Bankers
Danske Bank
62-66 Bow Street
Lisburn
BT28 IYS
Independent Financial
Examiner
Mr Jonathan Bethel, FCA
Page I

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (incorporating the Directors, Report)
for the year ended 31 August 2023
Chairman's Review
We are very thankful for another year during which our staff have been busy leading 3 wide range ofsports and
outreach activities across many locations and countries. They have en8aged with people of all ages, abilities and
backgrounds and we have seen our work expand and multiply. our staffing levels increase and new partners
come on board. The benefits of our work. including an increasin8 number of people leading a more active
lifestyle. Churches bein8 better connected to their local communities. coaches being better equipped to coach,
and a wide range of people developing in their physical. mental. emotional and spiritual health, are being felt
across a wide area and are improving the quality of life for many. It seems to have been a year of increase,
perhaps more noticeable than usual coming on the back of a few years of restrictions. and we are excited for
the years ahead and developing some of the key relationships and opportunities God has opened up for us.
Making the deliberate decision to reduce the geo8raphical area we concentrated our local work on ha5 allowed
new programmes to be8in and develop with existing partners. As such. we have seen a real deepenin8 of
relationships with people we engage with multiple times throughout the week. an increasin8 willingne55 to
participate in our activities, and an openness to honest conversations and decisions around the Gospel
message. We've also formed new partnerships with local Schools. other Christian sports ministries, Christian
Schools. Universitie5 and Colleges in the USA and funders which have helped to 8row our artivities and impact.
Our dedicated and enthusiastic staff have developed and led the work excellently and are conscientlous in
developing their skills and abilities to keep the work of SFS as effective as possible. Thanks to generous financial
gifts from several Trusts we have been able to increase our staffing levels thi5 year. We employed a Church and
Community Worker in Mayand a Church and Communitycoordinatorin Au8USt. Theworkerwill, in part, inltlate
and develop our work in communities we have little impact on- the homeless, cross-community, refugee5 and
asylum Seekers for example, and the Coordinator will take responsibility for leading and developin8 all of our
Church and Community work. Theskills, creativity. experiences and connections they brin8 are openin8 up new
posslbllltles and opportunities, many of which we are prayerfully exploring.
Wlth re8ular meetin8s of the Board throughout the year we have kept abreast of key issues and used a wide
ran8e of members, expertise to guide and support SFS. The Board is content with the fi8ures reported for this
financial year. reporting a total income of £282,126 and a total operating cost of £234,934. We have maintained
a positive cash position throu8hout the year. Some of this profit wlll be used to reinvest in new staff and
activities in the next finanaal year. We are so 8rateful for the many individuals, Churches, or8anisations and
Trusts who have supported our work financially this year.
We are also very thankful for the prayer supporters who keep us lifted up to God each day and the encouragers
who support our staff and volunteers $0 well.
Christop
Chairman
Mcvlttle
14 March 2024
Page 2

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (ineorporatillg the Directors, Report)
for the year ended 31 August 2023
The Trustees present their report and the unaudited financial statements for the period ended 31 August 2023.
The trustees. who are also Directors ofSALT FACTORYSPORTS for the purposes ofcompany law and who served
during the period and up to the date of thi5 report are set out on page l. As a charity. the Board is committed
to proper governance and probity in all of its activities.
Strurture, Governance and Management
The or8anisation is a charitable company limited by guarantee, incorporated with Companies House on 9 March
2012 (N1611652) and registered as a charity with the Charity Commission for Northern Ireland on 9 June 2016
INIC104876). The company was established ur)der a Memorandum of Association which established the objects
and powers of the charitable company and is governed under its Articles of Association. The Directors of the
company are also charlty trustees for the purpose of charity law. All give their time voluntarily and receive no
benefits from the charity.
The trustees who served durlng the year and up to the date of signature of the financial statements were:
Mr C M¢Vittie, Mr M Pitt, Mr G Emerson and Mr T Greenaway.
Mlsslon Statement
Usin8 Sport to brin8 people together, build relationships and see people of all ages become enthusiastic
followers of Chrlst who are living conta8ious Christian lives.
Purposes, Aims and ObJectlves/publlc Benefit
SALT FACTORY SPORTS is a Northern Ireland based Charity which has Christian evangelism and discipleshlp at
the core of all its activlties. It engages with individuals, communities, Churches, Sports Clubs and other
or8anisations through a varied pro8ramme of sportin8 activities and events. It provides opportunities for
individuals and groups of all ages, abllity, ethnlcity and backgrounds to come tO8ether in order to aid the
development of thelr physlcal fltness, self*steem and decision makin8 abilities but also to ralse thelr awareness
of God's love and Salvation.
SALT FACTOR Y SPORTS also hosts short term sporting mission teams. lead their own short term mission teams
abroad and facilitates leadership development programmes for Church leaders and sports coaches. They a150
undertake assemblles, after-school clubs and holiday clubs in local schools. run coaching and activity sessions In
GB and B8 companies and youth organisations. and run coachin8 clinics and workshops for amateur clubs.
SALT FACTORYSPORTS has partners in numerous countries across the world, including Ireland. England. Bulgarla,
Germany, Poland, Kenya, India and USA. They also have strong relationships wlth several other Christian
organisations such as News Release Basketball, Josiah Venture, Athletic International Missions, RIOT, CIY,
Summer Madness and Good News Ministries, and wtth Christian Universities and Colleges across North Amerlca.
A5 set out In the compan*s articles of association the Trust Is established for charitable purposes only.
specifically to advance the Christian religion usin8 amateur sport as an effective means of bringing people
together, buildin8 relationships and creatin8 Opportunities for evangelism and discipleship, both in Northern
Ireland and overseas.
The key charitable objectives of our charity are.
The establishment and development of Church based sports ministry training pro8rammes;
The provision of sports activities, games, events and competitions in Churches, schoo15, Sports clubs
and youth organisations;
Page 3

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trnstees (ineorporating the Directors, Report)
for the year ended 31 August 2023
Preparation and training of people serving in local and overseas missions;
The provision of coach education services.
The promotion of Christian values; and
The promotion of healthy living.
Public benefit is a le8al requirement of every organization established with charitable objectives and the
Trustee5 confirm that they have had due regard to the Charity Commission for Northern Ireland's guidance on
public benefit reporting in presentin8 the charl￿$ benefits and achievements. The Trustees are confident that
any private benefit received form our activities is purely inadental to the purposes of our work.
Flnanclal review
The financial statements are Shown on pages 11 and 12, and should be read in conjunction with the notes on
pa8es 13 to 18. The directors are content with the financial results for the year in reporting a surplus of £47,192
12022'.deficit £{7,3181 and it continues to maintain a positive cash position. The company bein8 a charity
recognlzed by HM Revenue and Customs has no liability to corporation tax on its charitable activities. The year
to 31 August 20023 reflected the investment in new staff and activities in the post pandernic period including
the return of Mission teams and it is anticipated that the charity will breakeven in 2024 as a result of thi5
additional activity and Staff.
Golng Concern
Wlth a marked increase throughout the year In activities and pro8rammes, in staff and volunteers and the
number of partnerslhosts. the Trustees are confident that the charity can continue as a going concern.
Artlvltles undertaken to achleve our objectlves
The year to 31 Au8USt 2023 has been an excitin8 time for us with new staff appointed, new activities begun, new
partnerships formed, and an expanded range of summer clubs, camps, and mlssions. There seemed to be a
renewed enthuslasm forour pro8rammes. particularly in schools and Churches as we came out ofthe pandemic,
and throughout the year we were kept busy leading a wide ran8e of activities with children, youth, and young
adults. Our summer clubs and missions were also well attended as we partnered with Churches and schools to
run Play Believe Live clubs and worked alongside other Christian organisations, such as Summer Madness and
New Horizon to lead a wide range of sports, 8ames, and activities.
The year started with a flourish of activity as we began leading PE lessons and after-school sports in local Primary
and Secondary schools, including coachin8 hockey, basketball, handball. volleyball. and football, and leadin8 our
Play Believe Live and SuperHeroe5 club5. C105e to 400 pupils were involved in these weekly artivities and it was
great seein8 them participate eagerly and continue to develop physically, emotionally, and spiritually. Several
voung pupils asked good questions about God durin8 a SuperHeroes session on self-esteem and declared,
without any promptin& that following and loving God was the best way to be a superherol Three teenagers
who gave their lives to Christ during a summer camp were eager to spend time with our staff at lunchtime
hangout5 learning more about living as a Christian. As schools began to run larger events again, we were invited
to lead a bi8 fun induction day for all Year 8 and Year 10 pupils in a large school in Dungannon. It was great
seeing the pupils have fun, interact, and problem-solve with each other, learn new skills, and begin to feel more
comfortable with new classmates and teacher5.
We continued developing good relationships with both pupils and teachers as we worked with local Churches
to deliver Youth Alpha sessions, led SU sessions and RE classes in five local secondary schools, and led assemblies
in numerous Primary schools where over 8CQ children heard a sports analogy and Bible story. Some of our staff
were also involved in l-on-l mentoring with pupils who needed additional support in coping with all that life
was throwing at them. The children and youth talked openly as they played small table games with our staff
Page 4

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (incorporating the Directors, Report)
for the year ended 31 August 2023
and then completed activity sheets on 3 range of mental and emotional health topics. We saw an increase in
the mental, emotional. and social well-being of these pupils across the year, with one particular pupil saying she
had been helped so much by now being able to deal with her anxiety attacks. In the longer term, we hope to
see these young people living healthier lives and bein8 attively engaged in their local communities. In March
we had a group visit us from SCORE International. one of our partners in the USA. and they got to see our work
in multiple primary and secondary schools. Their visit prompted a good debate in the staffroom of a local
primary school which 8reatly encouraged the Christian teachers. We led a girls, retreat for secondary-aged
pupils over Easter and the feedback from this was very posltive. Some really deep conversations around faith,
Jesus. and the Bible were had, alongside a fun programme of activities including paddleboardin& hill walkin&
and beach sports.
We also ran sports sessions and Team fimes (Bibletalks) with numerous GBand B8companies and Church youth
8roups across Northern Ireland In places such as Belfast, Ban8or, Comber, Warringstown, Randalstown.
Portadown. and Banbridge. These sessions helped participants develop a love of sport, live a more active
lifestyle, and increase their spiritual well-being. Some of our staff also engaged with the Lisburn Youth Workers
group where we supported Churches to be more involved in their local communities, and the inter-church youth
events where we led games for hundred5 of young people from different churches across the greater Lisburn
area. We also led mission services in several Churches including in Glenarm, Belfast, and Lisburn, and partnered
with the Church of Ireland and the Presbyterian Youth Departments by leadin8 a wide range of sports, games,
and competitions during their youth weekends.
Our Play Believe Club resumed each Thursday evening in partnership with a local Church. We were exclted to
see the number of participants 8rowin8 each week, the result of 8ood connections and relationships with the
local community, developed through a fun club we ran durin8 the summer. The 25+ children attending weekly
had great fun playing different sports. games. and activities each week before hearing a Bible story and
completing an activity sheet. It was clear to see the children developin8 well both physically and spiritually.
Our staff team rnet each week to worship, pray. and study the Bible and it served as a good time to remember
why we do what we do and to celebrate the One who has provided so much and opened so many doors for
us. Alon8 wlth praying for our partnerslhosts, participants and volunteers, it was great being able to pray for
each other personally too. and to support the many things going on in each of our own lives. It was wonderful
to welcome two new staff to our team, a Church and Community Worker in May and a Church and Community
Coordinator in August. They quickly fitted into our team and have been busy developing new sports outreach
activities in communities we had little connection with. such as the homeless. cross-community, refu8ees and
asylum seekers.
Our Head of Performancesport had a busyyear engagingwith, trainin& evangelising and disciplin8coaches both
In N.1. and around the world. He traveled to Moldova, Estonia Ix 31, Poland {x 3). Belgium, Kenya and Zarnbia to
partner with clubs, sports universities, Federations, Academies, and other Christian sports ministries to educate
coaches and help connect sports ministries with their local sporting communities. His work developing coaches
helped to grow their knowledge and skills and the time spent building relationships with and sharing the Good
News with the coache5 really helped their spiritual well-being. Coaches interested in learning more about faith,
or who were new Christians, were linked with local sports ministries andlor local missionaries who were able to
take on longer-term discipleship. Throughout the year several coaches in Zambia, Kenya, and Poland dedicated
their lives to Christ. In Northern Ireland. he met with local coaches each week and supported their development
as coaches but also mentally/emotionally, and spiritually. It was exciting to hear of several who gave their lives
to Christ and were connected with local Churches. In partnership with Sports Chaplaincy. we supported the first
Alpha for Sportspeople hosted in Northern Ireland and helped several participants discover faith for the first
time or reconnert with God after some time away.
Page S

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (incorporating the Directors, Report)
for the year ended 31 August 2023
We also made good use of online technolo8V to train and disciple coaches and coach educators in Romania,
Poland, Belgium, Albania, Pakistan. Tanzania, Zambia. Malawi. and Zimbabwe. all of whom became better
coaches and better equipped to share the Gospel with their players and fellow Coaches. The ELEVATE
Programme. our year-long online coach education and leadership classes, continued with a large group of
Kenyan coaches, supported by staff and volunteers at SFS Kenya. This helped them become better coaches,
better leaders, and healthier spiritually and emotionally. We began our Multipliers Programme with a select
few coaches who had already been through ELEVATE and were trained to deliver it themselves in their local
communities. It was great seein8 new knowledge and skills, a love of sport, and a desire to improve people's
splritual health being passed on by people we had trained. A5 a result of all of our work in Africa, we began an
African Ministries Collective where we gathered all our African ministry partners online once a month and prayed
and learned from each other. We also helped enthuse them fortheir work and helped them look into beginnin8
partnerships both with us and with each other.
Our programme wlth the Estonian FA and their Academy Directors began in January 2023 and as a result, over
350 coaches were better equipped to coach well, developed their love of sport. and many heard the Gospel
messa8e. Our partnering with a local sports university in Poland to train the next generation of coaches went
very well and 60 coaches in Warsaw took New Testaments and were very interested in learning more about
spiritual well-being and growth. We connected them with a local sports ministry to aid in their longer-term
spiritual development.
In February we hosted a group of coaches from across Eastern Europe, EDGE Sports, a partner of ours, in Dublin
for 3 week to ald in their development as coaches, share the Gospel with them. and ensure they were enthused
and equipped for helping others lead a healthier lifestyle. In July we led coach education in Belgium and
partnered with a top-tier club to explore the possibility of takin8 our best Kenya coaches there short-term to
further aid their development. In June. on completion of the ELEVATE Programme in Zambia, we began the first
Multipliers course with specially selected coaches in partnership with Athletes in Action. While our Head of
Performance Sport was in Zambia. five elite-level coaches gave their lives to Christ, and our work was highlighted
on National rv.
As spring and summer approached, our schools, work came to an end and we focused on preparing for a full
summer of clubs. ¢amps, and missions. Between May and Au8USt, we led outreach activities with visitin8
basketball. volleyball, and golf teams, playing matches against local teams. leading coaching sessions and sharing
Team Tlmes {Bible stories) In schools. Around 100 children who had never experienced any of these sports
before were excited to learn new skills and compete in new sports. It was evident to see their growing love of
a healthier lifestyle and a love of a wider range of sports.
We were key partner5 in two large summer camps- Summer Madne55 and New Horizon, where we led a wide
range of sports activities. games and competitions for children and young people. We also partnered with
numerous Churches includin8 Bethlehem Baptist, Forest Park. Lagan Valley Vineyard. CrossRoads Church, First
M055 Bluff Church, Portglenone Parish. St Matthias, Lot Church. A Simple Faith Church. and St. Columba's
Church, to lead sports clubs and Holiday Bible Clubs and partnered on mission teams with other Christian
organisations such as Servant Life, International Sports Federation, and TEAM. In all of our summer activities,
the participants developed a growing love of sport. were very actpie each day, and were mentally, emotionallv,
and spiritually encouraged and improved. God did some powerful things over the summer and it was great
seeing several children and young people dedicate their lives to God during our clubs.
Page 6

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (incoryorating the Directors, Report)
for the year ended 31 August 2023
Highllghts and Achievements
During the year our highlights include-
employing a Church and Community Worker to support our current work and to develop partnerships
and attivitie5 in currently under4erved communities such as with refugees and in cross-community
areas",
employing a Church and Community Coordinator to lead and develop our work in these areas;
partnerin8 Wlth numerous Churches. schools, other Christian ministries. sports clubs, universities, and
national sport5 federations to lead a wide range of sports activities, spiritual development, and coach
education programmes;
leadin8 {online} coach education and disclpleship dasses at least once a week in over 11 different
countries-
seein8 children, youth and adults 8ive their lives to Jesus both in N.1. and across the world;
developin8 relationships and working with new sports ministry partners.
growin8 our Elevate Coach Education course in Kenya and across East Africa;
initiating our Multipliers programme in Kenya and Zambia-
beginning our Academy Directors course with the Estonian FA;
leading many summer clubs and missions.. and
continuin8 to plan for the openin8 of a Sports Ministry Trainin8 College
Having reviewed these main achievements. it Is clear to see how they positively impacted and were very
beneficial to those involved. We supported Churches in getting more involved in their local communitles, many
children, young people and adults led more active lifestyles and began developing a love of sport, coaches were
educated and better prepared to safely and effectively lead their coachin8 sessions and the spiritual well-bein8
of all involved improved as they begin to reallse both who God is, and who they are in Him.
Rlsk Management
The Trustees have conducted a review of major risks to which the charity is exposed. Where appropriate.
systems or procedures have been established to mitigate the risks the charity faces. Risks to external fundin8
have led to the development of a str3te8ic plan which will allow for the diversification of fundin8 and
actlvltles. Internal control risk5 ale minimised by the implementation of procedures for authorlsation of all
transactions and projects. Procedures and policies are in place to ensure the health and safety of all staff,
volunteers, coaches and people involved in our artivities. These procedures and policie5 are periodicallv
reviewed to ensure that they continue to meet the needs of the tharity.
Funds Held as Custodlan
No funds are held as custodlan on behalf of others.
Reserves Policy
Considering the variable and fixed commitments. the Trustees have established a reserves policy to allow the
charity to be managed effettively and to ensure uninterrupted delivery of the charity's activities. A 8eneral
reserve equating to six months of operational costs should be maintained. The Board based projections for
the appropriate amount of reserves on the basis that the reserves in our target range would provide short-
term relief until long-term solutions can be established. At 31 August 2023. the Unrestricted Reserves were
£144.083 which represents 6.5 months of operational costs. Some of this reserve will likely be used to finance
an increase in staff in the forthcomin8 year.
Page 7

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (ineorporating the Directors, Report)
for the year ended 31 August 2023
Plans for Future Years
We plan to continue to increase the number and geographic range of schools, Churches. and sports clubs we
work with across Northern Ireland. as well as the number of holiday clubs and camps we lead. As our first Easter
residential went so well, we plan to continue thi5 and plan for a larger summer residential camp in 202S.
Our new Church and Community worker plans to expand the number of sports activities he has already begun
with refugees and asylum seekers in partnership with local Churches in Belfast and Antrim. He will also explore
opportunities we have to work in cross-community space5 and with the homeless. We would loveto 8et people
In these demographics more active, support them in living a healthier lifestyle. help them be better connected
to their local communities, and to become more aware of and develop their mental, emotional and spiritual
well-being.
The number of online coach education classe5 we lead continues to increase both in number and geographic
location and we antlcipate this will grow further in the coming year. We plan to lead classes in new 2 sports -
volleyball and basketball, which will increase the number of coaches we come into contact with. Wlth such a
large number of coaches now having been through the Elevate programme, we will put more of an emphasis on
our Multipliers pro8ramme where we will support local Coaches to run short coach education classes across their
country. This will undoubtedly improve the standard of coaching and improve the spiritual well-being of the
coaches.
We will continue to plan for the opening of a Sports Ministry Training College (aiming for June 20251 and will
partner with local Churches, Universities, and other sports ministries to continue to move this forward.
ststement of Trustees, Responslbllltles
The trustees (who are also dirertors of SALT FACTORY SPORTS for the purpose of company lawl are responslble
for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accountin8 Prattlce).
Company law requires the trustees to prepare financlal statements for each financial year whlch glve a true and
fair view of the state of affairs of the charitable company and of the incomin8 resources and application of
resources, includlng the income and expendlture, of the charitable company for that period. In preparing these
financial statements, the trustees are required to:
select suitable accountin8 policies and then apply them consistently;
observe the methods and principles in the Charities SORP:
make judgernents and estimates that are reasonable and prudent:
state whether applicable UK Accountin8 Standards have been followed, subject to any materlal departures
disclosed and explained in the financial statements- and
prepare the financlal statements on the 80in8 concern basis unlw it is inappropriate to presume that the
charitable company will contlnue In business.
The trustees are responsible for keeping proper accounting records that disclose wlth reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Att 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Page 8

SALT FACTORY SPORTS
(A company limited by guarantee)
Report of the Trustees (incorporating the Directors, Report)
for the year ended 31 August 2023
Small Company Provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part
15 of the Companies Act 2006.
On behalf of the board on 14 March 2024.
Chrlstopher Grant
Secretary
Page 9

SALT FACTORY SPORTS
(A company limited by guarantee)
Independent Examiners Report
To the Trustees for SALT FACTORY SPORTS
I report to the trustees on my examination of the financial statements of Salt Factory Sports (the trust) for the year ended
31 August 2023.
Responsibilities and basis of report
As the trustees of the trust land a150 Its dirertors for the purposes of company law) you are responsible for the preparation
of the financial statements in accordance with the requirements of the Companies Act 2006 Ithe 2006 Act).
Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respert of my examination of the trust's financial statements
arried out under section 145 of the Charities Act 2011 (the 201 l Act). In carrying out my examination I have followed all
the applicable Directions given by the Charity Commission under section 145(51{b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confim that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
accounting records were not kept in respect of the trust as required by section 386 of the 2006 Act,. or
the financial statements do not accord with those records,- or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair wew which is not a matter considered as part of an
independent examination- or
the financial statements have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021.
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 Jonathan R Bethel FCA
Miscampbell & Co.
14 March 2024
The notes on pages 13 to 18 forni an Inte￿al part of these fmancial staternents
Page 10

SALT FACTORY SPORTS
(A company limited by guarantee)
Statement of Financial Artivities
For the year ended 31 August 2023
Unrestricted
funds
Restricted
funds
2023
2022
Total
Total
Notes
Incomln8 resources
Incoming resource5 from generated
funds-
Investment income
316
316
Voluntary income
Incomin8 resources from charitable
Activities
100,160
179,410
100,160
181.650
74.165
103,167
2,240
279,886
2,240
282.126
177,337
Resources expended
Charitable activities
Cost of generating funds
Totsl resources expended
232.814
2,120
234.934
184,6SS
232.814
2,120
234.934
184,655
Net movement In funds
47,072
97,011
120
47,192
99,118
17,3181
106,436
Openlng Balance at I September
Transfer
2,107
Closing Balance at 31 August
144.083
2,227
146,310
99,118
The statement of financial activities includes all 8ains and losses In the year and therefore a separate statement of total
recognised gains and losses has not been prepared.
There is no difference between the net movement in funds for the yearstated above and its historical cost equlvalent.
All of the above amounts relate to continuing activlties
The notes on pages 13 to 18 forn) an Éntegral part of these flllancial statements
Page 11

SALT FACTORY SPORTS
(A company limlted by guarantee)
Company Number: N1611652
Statement of Financial Position
a5 at 31 August 2023
Notes
2023
2022
Current assets
Debtors
3.657
2,094
97.024
Cash at bank and in hand
146,762
150,419
(4.109)
99.118
Credltors: amounts fallln8 due wlthln one year
Net current assets
146,310
99,118
Net assets
146,310
99,118
Funds
io
Restrirted Income funds
2,227
144,083
2,107
97,011
Unrestricted income funds
Total funds
146,310
99,118
For the financial year ending 31 August 2023 the company was entltled to exemption under section 477 of the Companies
Act 2006 relatin8 to small companles.
No members have requlred the company to obtain an audit of its accounts for the year ended 31 Au8USt 2023 In
accordance wlth sertlon 476 of the Companies Art 2006.
The directors acknowled8e their responsibility for complying with the requirements of the Act with respect to accounting
records and for the preparation of accounts.
These account5 have been prepared In accordance with the provisions applicable to companies subject to the small
companies, regime.
The financial statements on pages 8 to 14 were approved by the trustees on 14 March 2024 and signed on their behalf by..
Chrlstopher Mcvlttle
Chairman
Page 12

SALT FACTORY SPORTS
(A company limited by guarantee)
General information
Salt Factory Sports is a charitable company limited by guarantee. The company is incorporated in Northern
Ireland and has the company number N1611652. The company is registered with Charity Commission Nl and
has the charity number NIC104876. The registered office address is Ballymacoss Avenue, Lisburn, BT28
2GU. The principal activity of the company continued to be promoting the Christian religion using amateur
sport as an effective means of bringin8 people together, building relationships and creating opportunities for
evangelism and discipleship, both in Northern Ireland and overseas.
Accountlng pollcles
The principal accounting policies are summarised below. The accounting policies have been applied consistentlv
throughout the year and in the preceding year. The company is a goin8 concern. The directors do not believe that
there are any factors or material uncertainties which would impact on their assessment of this.
Basls of accountlng and Statement of Compliance
The financial statements have been prepared in accordance with the trust's18overning documentl, the
Companies Act 2006, FRS 102 "The Financial Reportin8 Standard applicable in the UK and Republic of Ireland"
("FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Practice appllcable to charities preparin8 their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The trust Is a Public Benefit
Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash
Flows.
Salt Factory Sports meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially re¢o8nised as historical or transaction values unless otherwlse stated in the relevant accounting policy.
The flnancial statements are presented In Sterlln81£l. The level of roundln8 Is £1.
2.2. Cashflow
The Charity has taken advantage of the exemption in FRS102 from the requirement to produ￿ a
cash flow statement because it is a small charity.
Incomlng resources
All incoming resources are included in the statement of finanthal activities when the charity is entitled to the
income, when its receipt is virtually certain and the amount can be quantified with reasonable accuracy. The
followin8 specific policies are applied to particular cate8ories of income..
Voluntary income is received by way of 8rants, donations and gifts and is included in full in the statement of
financial activities when receivable. Grants where entitlement is not conditional on the delivery of a speciflc
performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value
of services provided by volunteers has not been included. Gifts donated for resale are included as incoming
resour￿ within activities for generating funds when they are sold.
2.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of genef ating
funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising
purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
Page 13

SALT FACTORY SPORTS
(A company limited by guaranttt)
those costs of an indirect nature necessary to support them. Support costs are those costs incurred direttly in
support of expenditure on the objective5 of the charity and include project management.
Debtors
Oebtors are stated after all known bad debts have been written off and specific provision has been made
against all debts considered doubtful of collection.
2.6. Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three
months or less from the date of acquisltion or opening of the deposit or similar account.
2.7. Llabilities
Liabilities are reco8nised when there Is an obligation at the Balance sheet date as a result of a past event, it is
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement
can be estimated reliablv.
Liabilities are reco8nised at the amount that the company anticipates it will pay to settle the debt or the
amount it has received an advanced payments for goods or services it must provide.
2.8. Financlal Instruments
The cornpany only has financial assets and financial liabilities of a kind that qualify as basic flnancial
instruments. Basic financial instruments are initlally recognised at tran53Ction value and subsequently
measured at their settlement value with the exception if bank loans which are subsequently measured at
amortized cost using the effective interest method.
2.9. Penslons
The Company operates a defined contribution pension scheme, and the pension charge represents the
amounts payable by the charity to the fund in respect of the year.
2.10. Fund accountlng
The charlty has various types of funds for which it is responsible and which requlre speclfic dlsclosure. A
definition of the various types of funds is as follows: Unrestricted income funds are funds which are
expendable at the discretion of the trustees in furtherance of the aims of the charity. Restricted income funds
are amounts which are expendable only in accordance with the specified wishes of the donor.
2.11. Critical Accounting Estimates and Areas of Judgement
Estimates and judgements are continually evaluated and are based on historical experlence and other factors,
includin8 expectations of future events that are believed to be reasonable under the circumstances.
Page 14

SALT FACTORY SPORTS
(A company lin]ited by guarantee)
Notes to financial statements
for the year ended 31 August 2023
Voluntary Income
Unrestrirted ftestrlrted
funds
Funds
2023
Total
2022
Total
Donation5
CJRS Grant {Furlough)
Trust Grants
Miscellaneous
49.773
49,773
42,427
1,654
21,750
8,334
74,165
36,337
14,050
100.160
36.337
14,050
100,160
Incomlng resources from Charitable artivitles
Unrestrlrted Restrlrted
Funds
Funds
2023
Total
2022
Total
Community Sport Nl
Community Sport World
Performance Sport Nl
Performance Sport World
Salt Factory Sports Kenya
129.075
129,075
95,547
4,460
46.738
3,597
46,738
3,597
2,240
181.650
loo
3,060
103,167
2.240
2,240
179,410
Page 15

SALT FACTORY SPORTS
(A company limited by guarantee)
Notes to financial statements
for tbe year ended 31 August 2023
Charltable actlvrties
Unrestrirted Restrlrted
Funds
funds
2023
Total
2022
Total
Salaries and Wa8es
Community Sport World
Community Sport Nl
Rent and Office expenses
Bank fees and Business support costs
Promotion and advertising
Miscellaneous expenses
Performance Sport World
Travel costs
Staff Trainlng and Internships
Training and sports equipment
Performance Sport Nl
Salt Factory Sports Kenya
Donations to other Mission groups
122,049
122,049
110,551
3,965
44,690
4,447
7,365
742
2,142
956
4.644
622
656
125
3,548
202
184.655
54.755
5,2S8
9,180
992
3,302
178
9,658
3.523
6,060
17,859
54.755
5,258
9,180
992
3,302
178
9,658
3.523
6,060
17,859
2,120
2,120
232,814
2.120
234,934
Analysls of Restrlcted Funds
Communlty
Sport World
SFS Kenya
Total
At I September 2022
Income
Expenditure
Transfer tollfroml unrestricted funds
At 31 Au8U5t 2023
2,185
{781
2,240
(2,1201
2,107
2,240
{2,1201
2,185
42
2,227
Independent examinerfs remuneratlon
2023
Total
2022
Total
Fees payable to the companvs independent examiner for the
independent examination of the compan(s annual accounts
1,320
1,000
Page 16

SALT FACTORY SPORTS
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 August 2023
Taxatlon
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation
Taxes Act 1988. Accordingly. there is no taxation charge in these accounts.
Employee information
The average number of staff employed by the charity is 7 employees12022= 41. None of the Trustees received
any remuneration or expenses from the charity durin8 the year in respect of their services to the charity.
Staff Costs
2023
2022
Wages and Salaries
Social Security costs
Contribution to defined contribution pension schemes
116,385
4,685
979
122.049
106,747
2,844
960
110,551
No employee recelved a salary greater than £60,000.
io.
Flnanclal Instruments
2023
2022
Flnanclal Assets
Financial assets measured at fair value through income and expenditure
146,762
97,024
Financial assets measured at fair value throu8h income and expenditure cornprise cash held at bank.
ii.
Debtors
2023
2022
Other debtors and prepayments
3.657
2,094
Page 17

SALT FACTORY SPORTS
(A company limited by guarantee)
Notes to fmancial statemeDts
for the year ended 31 August 2023
12.
Creditors: amounts falling due within one year
2023
2022
Other creditors
4,109
4,109
13.
Analysis of net assets between funds
Unrestrlrted Restrlrted
funds
funds
Total
funds
Fund balance5 at 31 August 2023 are represented by..
Current assets
Current liabilities
148.192
14,1091
144,083
2.227
150,419
14, 1091
2,227 146,310
14.
Company Ilmlted by guarantee
SALT FACTORY SPORTS Is a company limited by guarantee and accordingly does not have a share capital. Every
memberof the company undertakes to contribute such amount as may be required to the assets of the charitable
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 be a member.
15.
Ultimate controlllng party
There is no ultimate controlling party.
Page 18