HMRC Charity Dumber.. NIC104876 Company numb¢r'. N1611652 SALT FACTORY SPORTS SALT FACTORY SPORTS (A company limited by guarantee) Unaudited Trustees, Report and Financial Statements for the year ended 31 August 2025
SALT FAcfoRY SPORTS (A company limited by guar#Dtee) Contents Page L¢gai and Administrative Information Chairman's Review Trllstees, Rep)rt Independent Accountant's Report ststement of Financial Activities io Stsiement of Financial Position li Notes to the Finan¢ia] Ststements 12-16
SALT FACTORY SPORTS (A company limited by guaraJJtee) Legal Yddministrative information HMRC Charity Number NIC104876 Company Registration Number N1611652 Business Address CIO Trinity M¢lhodist Chur¢h Ballymac05s Avenue Lisburn Co Antrim BT28 2GU Reglstered Offlce CIO Trinity Methodist Church Ballyma¢oss Avenue Lisburn Co Antrim BT28 2GU Trmstees Mr Christopher Mcvittie Mr Thomas Gieenaway Mr Andrew M¢Cab¢ lappoinied 2011112024) Mr Ryan Adair (appointed 2011112024) Mr Andrew Johnston IY4ppointrd on 2810812025) Mr Martin Pitt (resied on 2510312025) Mr Meryn Shannon Irestgned on 25103120251 Mr Glenn Emerson (resigned 29110120241 Mrs Karen Emerson18ppointed on 201I 112024 alld resi8lled on 15 April 2025) Se¢re¢ary Mr Christopher Grant Bankers Danske Bank 62*6 Bow Street Li5burn BT28 IYS Independent Finan¢ial Examiner Mr Jonathan Bethel. FCA Pfige I
SALT FACTORY SPORTS (A company limited by gllarantee) Chairman's Review for the ytar ended 31 August 2025 Th¢ year I Sept 2024- 31 August 2025 has been another exciting one of gromh. development and a broadening of boih the programmes we offer and the 8eographic area we work in. We have ettjoy¢d supIrtIng SFS as it continues to develop, refe aftd become more $lralegic both in terms of our outsvard-facing progratnmes and activiti¢s but also in our governan¢¢ and accountsbility systems and structures. Over the year we have appointcd new staff and volunteers, led mission teams in new sports {ice hockey and cheerleading). worked in new countries {Sweden and Zarnbia). and dramatically increased our social ]n¢dia presen¢¢ and impact. However. wc did experience some rbulence - we were sad to s¢e a valued member of our staff leave io pursue tnini5try with a Chur¢h in England. and the joyful anticipation of appointing four new Board members a]so came with some sadnes$ as three long-serving Board members retired and one new Board member also bad to resi8n due to external issues_ At all times and in all ¢ircumstanc¢s, we Strive to be thankful for what God h&5 allowed us to achieve and the impact w¢ have had over the l&st 13 years. and to be obedient in li5teTring and obeying what He has for us in the future. We are content that both our objectives for the year atld our stated b¢n¢fits to the public were successfully delivered, allowing people of all ages, abilities and backgrounds to improve iheir spiritual well-being. lead a healthier and more active lifestyle while developing a love of sport and to become tnor¢ aware of and involved in their local Churches. The coache5 we worked wth became more effective and ¢ompetent as well a5 developed th¢ir leadership capabilities and Spirial awarenessni¢alth. Several of the coach¢s we trained have recently moved into professional coa¢hing roles, testament to our rigorous and impactful coach education prograsntnes. We are also content with the finan¢ial results forthe year. With a tota] income of £400,618 and a total operating cost of £384,924, we are pleased io have maitltained a p05jtive cash position throughout the year. surp] is typically used to reinvest in new staff - we appointed a full-time Missions Support Worker in February 2025, attd in the first quarter of our next finan¢ia] year we plan on r¢cruitin8 a part-time Football Work¢T and a full-time Operations Manager. Some surplus will also be used to invest in several of ovr new OUir¢a¢h programme5 across North¢m Ireland in the ¢otnin8 year. Across the year w¢ engaged with and led a wide range of sports activities and programmes with many thousand5 of participants in Northern Irelat2d and acros5 the globe. Th¢se included Children, young people, and adults sports novices to 5POrts professionals. and with people who already know Jesus and those who do no¢ hav¢ a personal relationship with him yet. We worked in an increased number of schools. Churches and unifornied organisations in more areas of Northern Ireland than ever before and inCrsed th¢ number of ethnic minority adults we worked with each week. Our staff work so diligently to run our programtnes with ex¢ellellc£ to improve th¢ physica], ctnotional and Spiritual h¢alth of all we rub shoulders with. It was grrat to see the impact of hiring a part-time Media Cont¢nt Creator lastyear who overh2uled our social media presence and tripled the engagement and reach w¢ hav¢ online, and hiring a full-time Missions Support Worker ihis year allowed us to more effectively plan and lead both incotning outgoing short-term mission We were deli8hted to continue our strong relationships with long-standing parthers such as Summer M&dness, New Horizon. Exodus. ISF Ilnternational Spotts Federation). Servant Life, CIY (Christ in Youih), SFS Kenya and ECSU (European Chri51ian Sports Uniottl to lead variou5 types of sports outrea¢h activities. It was also exciting to b¢gin new partnerships with or8anisations such as Sport for Life and Sports Que$l with whom we have begun exploring ways of working together on European spotts outreach programme5. After more than five year5 of prayer and platming. it was gre* seeing FORGE, our sports ministy iraining programme, begin. The four inaugutal parti¢tpants graduated with a Certificate in Spiritua] Formation and Sports Ministy after two months of classroom learning, practical sports rninisty ¢XP¢Tience and deep reflective practice. Its lifelong impact was seen as one participant ha5 already made steps to move into full-time ministy. W¢ were delighted FORGE was endoised by Ridley Hall. Catnbridge. with whom w¢ are already plamiing on partnering further and deeper with on the second FORGE cohort in Summer 2026. Pag¢ 2
SALT FACTORY SPORTS (A company limited by guarantee) We have seen God open doors, close others, provide for us finaneially atjd in so many other ways. and have been deltghied in seeing many lives transformed by God's pSen¢t and wer. He is so good. We are so grdteful for the many individuals, Churches. organiSL0nS and Trusts who have supported our work prayerfvlly and financially this year. Christopher Mcvittie Chairman 16 April 2026 Pag¢ 3
SALT FACTORY SPORTS (A company limited by guarantee) Trustees, Report for the y¢ar end¢d 31 August 2025 The Trustees present their report and the unaudittd fInatLcial statements for the perii>d ended 3 1 Au8USt 2025. The trustees. who are also DirectOTS of SALT FACTORY SPORTS for the purposes of company law and who served during the period and up to the date of this ieport 2re set out on page l. As a charity, the Board is Committed to proper governanee and probity in all of its activiti¢S. Structure. Governance and Management The organisation is a charitable cornpany limited by guardntee, incorporated with Companies House on 9 March 2012 (NJ6116521 and r¢gisteTed a5 a charity with the Charity Commission for Northern Irelattd on 9 June 2016 INIC104876). The company was established under a Memorandum of Association which established the objects and pow¢rs of the charitsble company and is governed under its Articles of Association. The Directors of th¢ coinpany are 50 charity trustees for th¢ pu¢pos¢ of ¢harity law. All give their titnt voluntarily and re¢¢ive no benefits from the charity. Mission Statement Using sport to bring people together, build relationships and s¢¢ p¢opl¢ of all ages b¢come enthusiastic followers of Christ who are living contagious Christian liv¢s. Purposes, Aims and ObjeetiYestPublAe Bellefit As set out in the company's artiGl¢s of a5SOGEation the Trust l5 established for charitable purposes only, speGifically to advance the Christian r¢ligion using amateur sport as an effeGtive mean5 of bringing people tO8eth¢r, building relatiollships and creating opportunities for ¢vaog¢lism and dis¢ipleship. both in Northern Ireland and ov¢rseas. The key charitable obje¢tives of our charity are.. Th¢ establishment and developm¢ttt of Chur¢h-based sports ministry trainitkg progra]nmes' The provision of sports activities, gam¢s. events and ¢ornpetitions in Churche5. schools, sport5 elubs and youth organisations", Preparation and training of people serving in local and overseas missions.. The provision of coach edll¢atson setvi¢es,' The promotion of Chrisiian values. and The promotion of healthy livin8. Public benefit is a legal r¢quir¢ment of ¢v¢ry orgalSa110n established with charitsble objectives and the Tiustees conftm that they have had due regard to the Charity Commission for NortheTll Irelaod's guidance on public benefit reporting in presenting the charity's benefjts and achievements. The Trustees are confjdertt that any private benefit received frojn our activities is purely incidental to the purposes of our work. FiDaDcial review The fman¢ial statements on pages 10 and 11 should be read tn conjunction wrth the notes on pages 12 to 16. The Directors are content with the financial results for the year in reporting a surplus of £15,69412024.. £61.Q481 and the chaxity continues to maintain a positive c&sh position. The company being a ¢harity r¢¢ognised by HM R¢v¢nue and Cusiom5 ha5 no liability to corporation tax on its charitable activities. The year to 31 August 2025 r¢fle¢t¢d the invesiment in new staff and gn expanded range of programmes attd activities ond it is ¢xpe¢ted Éhe ¢harity will break even in 2026 as a result of this addition activity and staff. Going Contern With an expanded staff team, new partherships being made and new prolmm¢S being d¢stgned and implemented, the Trustees are ¢onfident thatthe Charity can wntinue as a going concern and there are no factors or material un¢ertainlies which impact their &ssessment of this. Aetlvlrf SALT FAcfoRY SPORTS is a Northem Ireland-based charity which has Christian evangelism and discipleship at the core of a]1 its a¢iivities. It engages with individuals. ¢ommunities. Churches. sports clubs and other organisations through a varied programtne of sporting activities and events. It provides opportunities PJg¢ 4
SALT FACTORY SPORTS (A ¢ompany limited by guarantee) Trustees, Report for the year ended 31 August 2025 (Cont'd) for individuals and groups of all ag¢s. ability, ¢thnicity attd backgrounds to come together in order to aid the development of their physical fith¢ss, self-est¢¢m and decision-making abilitie5 but also to raise their awareness of God's love and 5alvatLOn. SALT FACTORY spokTS hosts short-teTm sporting mL5SLon teams, leads their OWTJ short-term mission teams abroad and facilitates leadership development programmes for Church leaders and sports coaches. SALT FACTORY SPORTS has partners in numerous countrE¢s, including the R¢publi¢ of Ireland. Ettgland, Poland. Belgium, Keny4 ZaTnbi4 Canada and the USA. Achievemellts and Performance The ytrdr to 31 August 2025 was another full and busy year for us with new staff appointed, new activities piloted and new partnerships formed. The 8eographic area in Northern Ireland ihat we opcrated in increased, the number of children, young people and adults we interacted with across th¢ year grew, and OUT Clubs and camps Program¢ iricluded two new sports - cheerleading and 1¢¢ ho¢key, which allowed u5 to GonneGt with an even wider range of local and intemational sportspeopl¢. Autumn 2024 began with a series of staff and leadership meetit)gs to ¢va]ua¢e the previous year's programmes and activities, review sutntner mission teams, and pray over the fruit w¢ had seen in the lives of anY Children, young people, and adults aGros5 Northern Ireland and Keny4 in particular. We al30 spent lime following up with partners from our summer mission5. such a5 151andmagee, Ballycarry, and Whitehead Presbyterian Churches, and St. Saviour's Parish. to see how we could deepen and strengthen our p8m¢rship with ihem in the fuh]re. We then spent titne meeting with our numerous local partner$.' schools, Chur¢hes, unifonned organisations, sports ¢lubs. etc., to plan. set up and begin runnin8 our varied programme of sports outrea¢h activities across the first school term. Activities we ran regularly included our Play Believe Live club (an after-school multispgrt clubl, Lun¢h-Time Hangout (pickleball 2nd a short Bibl¢ devotion), Superheroes (a physical, emotional and spiritual development programtne}. ELEVATE (OUT coach eduGation and leadership developrnent programme), coachin8 school sports team5. SUPPOrting SU groups and leaditlg whole-school assemblie5 in both Primary and Secondary schools. We led these in partnership with a wide range of s¢hools, ¢hui¢hes, and unifoThied organi5ations such as St. Columbus Presbyterian, West Church Bangor, Bethany Chuwh, Lisnagarvey High, Harmony Hill Primary, Fort Hill Integrated Primary and Old Warren Primary. Our lunch-time hangout at Lisnagarvey went particularly wcll ¢a¢h week we had large numbers of pupils tt]rn up for pickleball games and a short personal testimony or a Bibli¢a] thought for the day. A teacher shared with us how one of th¢ boys who regularly att¢nded said it was his favourite part of the week. W¢ also ran numerou5 fun induction days for secondary schools in Portadown, Dromore. Dungannon and Lisburn, helping rtew pupils have fi]n, feel welcome. get involved in problem-501ving, and quickly connert with th¢ir new classmates. We then partnered with Churches in Lisburn and Belf&st to lead family day& helping them to ¢onne¢t better with their local comtnunitie4 partnered with two d¢wminational youth organisation5 (Church of Ireland and Presbyterian) to lead the 5POrts activities and games at their r¢sid¢nlial weekends, and ran sessions (sport51gam¢s and a Bible tajkl in numerous uniformed organisalions across Northem Ireland. We also l¢ad sportslgames and Bible talks with youth groups and youth fellowships in tiumerous Chur¢hes such as Th¢ Jouiney Church, Maze Presbyt¢rian. Randalstown Presbyterian, Thomas Stre¢L Fitzroy Presbyttria]] and S¢2go¢ PTe5byterian. It was great seeing people ofall ag¢s and abilitt¢s pani¢ipating in sports activities. developing th¢ir physical and emotional health, and engaging well with the spiriiual aspect of our programm&%. We were able to begin leading our new Superheroes programme (physical, ¢motional and spiritua] development) in three new Primary schools in Portadown and Lurgan, oll of whom have a majority of pupils from low-income backgrounds and who are atso typically low in their physical and emotional hedt]L from an ethnic minority, and are often either rege¢S or asylum seekers. Th¢ pupils. teachers and parents loved our programme and hav¢ invited us back to ¢ontinue Superheroes its th¢ir schools in AutLunn 2025. It was a150 exciting to begin meeting with a small Church-plant and Primary School in the Village area of Belfast, where a large section of the populatlQD is also frorn 2n ethnic mittority ba¢kgrourtd. to discover how we could sUPPOrt the physi¢a]. m¢ntal and emotional heRlth of children and young people in the local ar¢*. Poge 5
SALT FACTORY SPORTS (A company limited by guarantee) Trust¢es' Report for the year ended 31 August 2025 (Cont'd) Ov¢r the winter tnonths, we Continued running a wid¢ Tange of sports outreach activities and programmes with our many local partners. We also began activities. developed Telationships with new partner Churches in a wider geographical area (Durtgannon. Annalong. Ballykeel and Carrowdorel, liaised extensively with local Church and eommunity lead5 on how we could best support them going forward, and recruited and traincd volunteers for our busy sumt]]er mi55ion season. We led an ice hockey team from a Christian College in the USA on a mission to Sweden. where we partnered with a local Church, the Arkeo, and a local spx)rts ministry, Sport for Life, to lead evangelism in the local community and play matches aga2llSt local teaTllS. The impa¢t was really deep and felt iTninediately, with two players on the team giving their lives to Christ and one of the coaches r¢dedItIng his life to Christ. The local people we engaged with, particularly the local i¢e hockey players, were really k¢¢n to hear the stories and iestimonies of the American players. Two of OUT Staff were Able to travel io G¢miany to attend an ECSU {European Christian Sports Union) gathering where they were able to nen¥ork. build relationship5 with lik¢-mind¢d OTgallisations, pray over and plan for future sports intsty events. We also put the final touches, in partnership with Ridl¢y Hall, Cambridge, to the progratnme for our first Gohort of FORGE - our sports ministry training programme. which began ITL June 2025. It wa5 encouraging to see and experience the enthusiasm and encouragement from the siaff at Ridley Hall. who believe FORCE is unique 9d de5pcrately needed. In Nov¢mbei and early D¢¢¢mb¢r, OUT CEO spent a week in Zalnbia vEsiting missionaries artd pla[lg for a Summer mission ieam there, then went io Kenya foi a SFS Kenya Board meetin& to lead praciica]s and attend the gradllation of our ELEVATE coa¢hes, and io lead roaching ¢lini¢s with local amat¢ur and s¢mi-professional teams. Two staff members spent a few weeks visiting and speaking at chh¢S. schools, and Colleges in the USA, helping to rais¢ awar¢ness of and support for Solt Factory SporK and r¢cruiting fot summer mission team5 and following up on team4individuais who had visited us pteviously. SeveTal of our stsff l¢d activities at the Lisburn Churches Youth Gatherings, combining fi, spojts competitions and faith l¢arning. In May 2025, our Head of Spiritual Forniation left to pursue ministy with a Church in BTighton, En8land. Although this was disappointing for us, wc are delighted she listened to and obeyed God's leading in this. During spring and into the summer month5, all our regular local Church and community work came to an end, and we were either platlljing for, leading abroad, or hosting En Northern Ireland, sports mission teams. These included cheerleading. volleyball and football teams from the USA coming to N.l. to help us lead t&ster sessions in schools, train with ané play againsi lo¢al club teatns and lead spx)rt-spe¢ifi¢ catnps for local players. Alongside the sports, on¢e a relationship was buili, we trained our ten5 to provide effective spiiitual input to the pupils, players, or ¢oa¢he5 they wcre getting to know. This took many form5, for example. a simple Gonversation. a personal iestimony sh¥ed, a favourite Bible verse explairted. OT by asking if they Could prdy for their new friend. We also hosted several Church groups on mission, and they helped u5 lead week-lo]]g multi- sport Glub5 wIL¢re local childr¢n and youth cam¢to play, hav¢ and hear the Good News. It was so exciting to e numerous children and your)g people giving their lives to Christ and getting ¢onn¢ct¢d with a loral Church. We ¢ontinued our parthership with oth¢r local ministri¢s, sll¢h as Summer Madness and New HoTIZOtI. where we led a wtde range of spons, gam¢s, a¢tiviti¢s, and ¢omp¢titions, and shared the Gospel through Bible stories. testimonies. and prayer ministy. Alongside our activities and programmes in local communities, our work within higher levels of sport also continued. We led ELEVAT& our coach education programme, with professional coaches in Kenya ad Zatnbia. helping them become better coaches, better leaders, and dis¢ov¢r and develop their p¢rsonal faith. Alongside the coa¢h ¢ducation. we also l¢d Bibl¢ studi¢s and one-on-one discipleship with some of the coaches and have gone on to mentor them regularly through monthly ottline meetirtgs. We also continued discussions with the Kenyan FA and KENFOCA, Ihe ¢oaches' commission. to see how our progratTunes could enhance theÉr C02ches and SPOTts l¢ad¢rs. Jn N.1. we met with several not-y¢t-Christian maches and shared th¢ Gospel with them and also met regularly with Christian coaches. encouraging them to be bold in sharing their faith in their ¢lubs. It was exciting to See the beginning of FORGE, our sport5 ministry trdinin8 pro8iamme, aft¢r more than fiv¢ y¢ars of praying and platmirtg, and during lune snd July the four participant5 experienced thorough teaching on Spirial formation, sports ministy, evangelism and the importance of legacy, alongsid¢ many hours of practical Page 6
SALT FACTORY SPORTS (A company limited by guarantse) Trustees, Report for the y¢ar ended 31 August 2025 (Cont'd) sports outreach and procxssing whar they had learned and led with l.on-1 mentors. At least one participat)i has ready taken steps towards b¢¢oming a ]1-¢iMe missionary. During the year, our highlights included.. the overhauling of our social media presence and the resulting broadcning of the cn8a8cmcnt and rtach we have- the figures tripled over the course of this year,. employing a fi]11-tirne Missions Support Worker in February 2025. leadtng the ftyst cohort throu8h FORGE and seeing one participant move into full-titne ministy,. leading an icc hockey mission team for the first titne. increasing the number and geographic tange of schools, ¢hurch¢s, attd uniformed org8nisations we regularly partnereAJ wiih., graduating another class of ELEVATE ¢oa¢hes- increasin8 the number of sports we led mission teams with. and providing opportunities for thousands of Children, youth and adults of all abilities to g¢1 involved in physical activiti¢s, to be¢om¢ better ¢onne¢ted to each oth¢r and to local Chur¢hes. and to dis¢over for the fit time, or develop their l$ting personal relationship with God. Risk Managemejat The Trustee5 have conducted a r¢view of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitj8ate the risks the charity faces. Risks to external fvndin8 have led to the development of a strategic plan which will allow for the diversification of fvnding and activities. Intemal ¢oniToI risks ar¢ minimised by th¢ implementation of pro¢edures for th¢ authoritIon of all transa¢tions and projects. Procedures and policies are place to ensure the health and safety of all staff, volunteers and participants involveil in our activities. These procedures and policÉes are periodically reviewed to ensure that they continue to meet the netds of the charity. Funds Held as Custodi8 No fi]nds are held as custodian on behalf of other5. Resetryes Poli¢y Considering the variabl¢ and fixed commitments. Ihe Trusiees have established a reserves policy to allow the charity to be managed ¢ffe¢tiv¢ly and to ensure unintetrupted delivery of th¢ charity's aciivities. A general reserve equating to Six months of operatiotlal costs 5htsuld be maintained. The Board based projeGtiotLS for the appTopriat¢ amount of reserves on the basis that th¢ Teserves in our target range would provide short-term r¢li¢f until long- terjn 501utions can be established. At 31 August 2025, the Unrestri¢ted Reserves wer¢ £209.297 whi¢h represents 7 onthS of operational costs. Some of this Teserv¢ will likely be used to fman¢¢ an incr¢as¢ in staff in the forthcoming year. Plans for Future Ye8r5 W¢ are ¢urr¢ntly reviewing our first cohort of FORGE, and will shortly begin planning for the second cohort in JurtelJuly 2026. En the coming year, we plan to work extensively with staff at Ridley Hall to develop FORGE'S ¢urri¢ulum online, increase the number of students (ideally up to 8) on the programme, and increase the numb of sports represented by the stt]dents. This will allow a wider group of players, coaches and supporters to hear (from our Students) the Gospel. With one of the first cohorts now believin8 they are being called into full-tim¢ Christian ministry (ODe of the key p¢rforn)anc¢ indicators of FORGE), we are working alongside them and th¢ir home church to support them tn making this transition. Before the end of 2025, we plan on employing a part-time football worker and a fvll-time Operations Manager. These roles will undoubtedly support us in maintaining and growing our sports outreach activities in Schools, Churche5, uniformed organisations and splf1¢8]lY with local football play¢TS, ¢oa¢h¢s and supporters, both in the nutnber of programmes we catl deliver and also the geographic Tange we are able to effe¢tively wv¢r. We will continue to build relationships b¢gin sports outreath activities with ncw schotsls, Churches. ommunities and sports clubs acr055 a wider area of N.1.. will create. develop and roll out rt¢w progra1 sp¢¢ifi¢aily for primary-aged pupi15 (developing their physical. etnotional and 5pirithLal health) and also plan to pilot a football programme for children and tetnagers from ethnic minority backgrounds. The OM role will help Page 7
SALT FACTORY SPORTS (A company limited by guarantee) Trustees, Report for the year ¢nd¢d 31 August 2025 (Cont'd) us run all of our olltreach progTamm¢$ attd mission teèms mor¢ ¢ffe¢tiv¢ly and etTici¢ntly and will take the lead in many of our adminislraiive and organisational tasks. We also plan to increase the number of local young people involved in our sports discipleship programmes and want io continue to partner with tnore Christian Sports Ministries and missionaries locally and ittternationally. We already have another new (for us) sports mission team lined up for June 2026 - a tennis team. again partnering with ETBU. We are excited for them to be here in N.1. and to build relationships and share the Gospel with local tennis players, coaches and supporters of a]1 ages and abilities. Ststement of Trustees, Responsibilities The trust¢e5 (who are also directors of SALT FAcfoRY SPORTS for the purpose of company lawl are responsible for preparing the Trust¢es' Annual Report and the financial statements in accordance with applicable law and United Kingdom A¢¢ounting Standards (United Kingdom G¢nerally Accepted Accounting Practice). Cotnpany law requires the trustees to prepare financial 5tstements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and ¢xpenditure. of the charitable company for that period. In preparing these financial statements, the trustees are required to. select suitable aceounttng polictes and then apply them consistentJy- observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonabl¢ and prudent., state whethcr applicable UK Accounting Standards have been followed, subject to any rnateria] departures disclosed and explained in the financial statem¢nts' and prepare the fsnancial ststements on the going concern b&sis unless it l5 inappropriate tt> presutne ihat the charitable company will continue in business. The trLtstees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time ihe financial position of the charitable company and enable them io ensuTe That ihe financial siaiements comply with the Companies Act 2006. They are a150 responsibl¢ for safeguarding the a5s¢ts of the charitable company and hence for taking reasonable steps for the preventson and detcction of fraud and other irregularities. Small Company Provisions This report has been prepared in accordance with the spe¢ial provisions relating to small companies within Part 15 of the Companies Act 2006. On behalf of the board on 16 April 2026 Christopher Grant Secretary Pag¢ 8
SALT FACTORY SPORTS (A conipany limited by guarantee) Independent Aeeountants Report Respective responsibiliti of trustees aud examiner As the charity trustees (and also the directors of the cojnpany for the purposes of cornpany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 65 of the chariti Act (Northern Ireland) 2008. follow the procedures laid down in the general Directions given by th¢ Charity Commission for Northern ITeland under section 65(9)Ib) of the Charities Act. and state whether particular matters have come to my attention. Basi5 of independent examiner's report have examined your charity accounts as required under section 65 of the Charities Act and my examination Was carried olli in accordance with the general DirectioRs given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act. The examination included a review of the a¢¢ounting records kept by the charity and a comparison of the accounts presented with those records. It also in¢ludes consideration of any unusuai items or disclosures in the a¢counts, and seeking explanations from you as charity Irustees concerning any such matters. My role is to state whether any Material rnatters have come to my attention giving me cause lo believ¢- l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those a¢¢ounting records 3. That the ac¢ounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Prdctice applicable to charities preparing their a¢ctsunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That ther¢ is further infornation needed for a proper understanding of the accounts io ix reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. Mr Jonathan R Bethel Miseampbell & Co. 16 April 2026 The notes on Wdges l2 10 16 form an integral of these financi81 statements Page 9
SALT FACTORY SPORTS (A company limited by gu*rant¢e) Statement of Financial Activities For th¢ year ended 31 August 2025 Unrestricted funds Restricted nds 2025 2024 Tot81 Total Note5 Incoming resources Incoming r¢sour¢es from 8elleratgJ funds.. Investmen¢ income Voluntary income Incotning resources from ¢haTit8ble Activities 2,498 122,175 220.667 2.498 122,175 275.945 903 140.198 240293 55,278 345,340 53,278 400.618 381.394 Resource5 expended Charitable activities Cost of generating fund5 Total re50urees exp¢JAded 335,846 49,078 384,924 320,346 335,846 49,078 384,924 320J46 Net movement in flld$ Opening BalAn¢e at I Septejnber Transfer 9,494 199.803 6200 7.555 15,694 207,358 61.048 146,310 Closing Balance at 3 1 Augwl 209,297 13,755 223.052 207,358 The statement of fmancia] activities includes all gatns and losses in the year and therefore a sepaTaÉe stat¢m¢nt of totsl recognised gains and losses has tkot bccn prepared. There is no difference beeen the net movement in fjjnds for the yesr stated above and its historical cost equivalent. All of the above amounls relate to ¢orttinuing activities. The notes on pages 12 to 16 fornj an integral port of th¢se financial statements Page 10
SALT FACTORY SPORTS (A company limited by guarant¢e) Company Number: N1611652 Statement of Financial Position as at 31 August 2025 Notes 2025 2024 Currellt assets Debtors C&8h at bank and in hand 3.465 225,181 228.646 (5,594) 17,546 190,369 207,915 (5571 Creditors: amounts falling du¢ withill one yeAr Net eurrent assets 223.052 223,052 207,358 207.358 Net assets Funds Restri¢ted income fvnds Unrestricted income fLtnd5 io 13.755 209,297 223.052 7,555 199,803 207,358 Total funds For the financial year ending 31 August 2025 the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. No members have required th¢ company to obtain an audit of its accounts for the yeaT ended 31 August 2025 in ac¢ordan¢¢ with section 476 of the Companies Act 2tK)6. The directors acknowledgt iheir responsibility for ¢omplyin8 with the requiremertts of the Act with respect to couniing rewrds and for the preparaiion of a¢¢ounts. These accounts have been prepared in a¢cordanc¢ with th¢ provisions applicable io mpanIeS subject to the Sm1 comparties, regime. The financial statements on pages 8 to 14 were approved by the trustees on 5 F¢bnwy 2026 and signed on theii beha]f by.. Christopher M¢Vittie ChairJnA The not¢s on pages 12 to 16 forni an inte8ral wt of these financial statements. Pagell
SALT FACTORY SPORTS (A company limited by guarantee) Accounting policies The principal accountitkg policies are summarised below. The accounting policies have been applied consistently throughout the yeer and in the pre¢edittg ycar. The company is a going roncern. Th¢ directors do not believe that there are any factors or material unGertainties which would in)pact on their a5se5srnent of this. 1.1. Basis of Accounting and Statement of Compliance The financial statement5 are prepared on the going concertl basis under the historical Cost convention and in accordance with the Financial Reporting Standard applicable in the United Kingdom IFRS102 -effeGtive from l January 20151 including the Charities Statetneijt of Reconmiended Practice (FRS102) and the Companies A¢t 2006. 1.2. Cashflow The charity has taken advanrage of lh¢ exemption in FRS102 from th¢ requireinent to produce a cash flow statement because it is a small Gharity. 1.3. Incoming resources All incoming resources are included tn the statement of finanGial activitics when the charity is entitled to the income, when its receipt is virtually certain and the ameunt can be quantifi¢d with reasonable ac¢ura¢y. Th¢ following specifi¢ policies are applied to particular categories of income.. Volutltary income is re¢eived by way of grants, donations and gifts and is included in full in the statement of rinancial activilies when receivable. Grants where entitlement is not ¢OtJditional on the delivery of a specific perforniance by the ¢harity. are recognised when the charity becomes urt¢onditionally entitled to the grat)t. Donated servic¢5 and facilities ate included at the value to the charity where this can be quantified. The value of servic¢s provided by volunteers has not been included. Gifts donated for resale are included as incoming r¢sour¢es within activities for generating hnds when they are sold. 1.4. Re50ur¢es expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT whieh cannot be fully recovered and is reported as part of the expenditure LO whi¢h it relate5. Costs of generating fvnd5 comprise the ¢osts associattd with attracting voluotary in¢ome and the costs of tradin8 for fundraising purposes. Charitsble expenditure comprises those costs incurr¢d by the charsty in the delivery of its activities and Services for ils benefi¢iaries. It includes both costs that can b¢ allo¢at¢d directly to such activitEes and those costs of an indire¢t nature n¢c¢ssary to support them. Support costs are ttLOS¢ Costs incurred dir¢ctJy in support of expendire on the objeGtsves of the chwity and includ¢ pioj¢Gt snanagement. 1.5. Debtors D¢btOTS ate stated after all known bad debts have been wrttten off and sp¢¢ific provisiotl has been made against all debts Considered doubl1 of ¢ollection. 1.6. Fund accounting The charity has various types of fijnds for whi¢h it IS spOnsIble and which require $pecific dts¢losure. A d¢finition of the various types of fimds is as follows.. UnrE5triGted income funds are fijnds which are expendable at the discretion of the tnjstees in rtheranee of the aims of the charity. Restricted income fvnds are amounts whi¢h are ¢xpeThdable only in arKordan¢e with the specified wishes of the donor. Page 12
SALT FACTORY SPORTS (A company limited by guarantee) Notes to flnancial statements for th¢year ended 31 August 2025 Voluntsry income Ullrestricted Restricted funds Funds 2025 Total 2024 Totaj Donations Trust Grants Mi$cellweous 76,254 24.000 21,921 122,175 76,254 24,0110 21,921 122.175 75,521 40,537 24.140 140.198 Incoming resourees from cbaritable activitie5 Unrestricted Restricted Funds Funds 2025 Tot41 2024 Total Cornmunity Sport NI Comtnunity Sport World Perfomiance Sport Nl Performance sIrt World Forge Salt Factory Sports K¢nya 105,589 105,589 36,495 71,433 543,645 17.183 1,600 275,945 176,590 30,074 26,763 5.486 36,495 71.433 43,645 17.183 1.600 55,278 1,380 240,293 220.667 Page 13
SALT FACTORY SPORTS (A eompany limited by guarantee) Notes to flnancial statements for th¢ y¢&r ended 31 August 2025 Charitable activiti&s UrtrIcted Restricted Futtds Funds 2025 Total 2024 Tot Salari¢5 and Wage5 Community Sport World Cornmunity Sport Nl Rent and Offjce expenses Bank fees and Business 5UPPOrt costs Promotion and advertising Miscellaneous expenses Perfortnance Sport World Travel costs Staff Training and Internships Training and sports equipment P¢rforman¢e Sport Nt Forg¢ Salt Factory Sports Kenya 178,475 178,475 38,092 49.417 6,847 18,759 9,796 916 36514 11,487 2,104 739 20,792 8,144 2,842 384,924 162.848 24.032 71,801 6,235 22,258 940 962 152 7,750 2,941 3,329 14.984 38,092 49,417 6,847 18,759 9,796 916 36.514 11,487 2,104 739 20,7 8,144 2,094 320,346 335,846 49,078 AD21ysis of Restricted Fund5 Community Sport World Forge SFS Kelly Total At I September 2024 Income Expenditure Transfer tollfrom) unrestricted fi]nds At 31 August 2025 7,555 36,495 138,0921 7,555 55,278 149,078) 17,183 (8.144) 1.600 12,842) 5,958 9,039 13,755 Related party transactions There are no related paty transactions during theyear. Page 14
SAL T FACTORY SPORTS (A company limited by guarantee) Notes to financial statements for the year ended 31 August2025 Taxation The charity's activitie5 fo11 within the exemptions afforded by th¢ provisions of the Income and COOratIon Taxes Act 1988. Accordingly, there is no tsxation charge in these accounts. Debtors 2025 2024 Other dtbtor5 and prepayments 3,465 17,546 Creditors: amounts falling due within one year 2025 2024 Otb¢r creditor5 5594 557 5.594 557 io. Analysls of net assets between funds Unrestricted RestrRcted fulld5 funds Totgl fuDd$ Fund balances al 31 August 2025 are represented by.. Current assets Current liabilities 213.069 (3,7721 15,577 228.646 (1,822) (5.594) 209297 13,755 223.052 11. Company limited by guarautse SALT FACTORY SPORTS is a company limited by guarantee atld accordin8ly does not have a share capiial. Every member of the company undertakes to contribute su¢h atnount as rnay be required to the assets of th¢ charitable company in the eVt of its being wound up while he or she is a member, or within one year after he or she ceases to be a Enember. Page 15
SAL T FACTORY SPORTS (A company limit¢d by guarantee) Notes to finalleial statements for the year eDded 31 August 2025 12. Employee information The charity has nine ep10yee5. None of the Trustees received aty Temuneration or expenses from the charity during the year in respect of their service5 to the charity. No employee re¢eived a sajary greater than £60,000. 13. Ultimate controlling party There is no ultim*e controlling party- Page 16