N.E. SPORT COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07068042 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

N.E. SPORT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

N.E. SPORT COMMUNITY INTEREST COMPANY

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The principal activity of the company continued to be the provision of sport and healthy activity clubs for children in Sunderland and South Tyneside.



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Peter Curtis
Lindsay Jane Williams
Ruth Ibegbuna
Anthony Edward Woods-Waters


Secretary Peter Curtis

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 August 2024

And signed on behalf of the board by:
Name: Peter Curtis
Status: Secretary

N.E. SPORT COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 51,490 29,037
Total fixed assets: 51,490 29,037
Current assets
Stocks: 4 645 1,645
Debtors: 5 9,267 6,347
Cash at bank and in hand: 2,735 16,082
Total current assets: 12,647 24,074
Creditors: amounts falling due within one year: 6 ( 14,566 ) ( 15,435 )
Net current assets (liabilities): (1,919) 8,639
Total assets less current liabilities: 49,571 37,676
Creditors: amounts falling due after more than one year: 7 ( 12,128 ) ( 14,150 )
Accruals and deferred income: ( 7,021 ) ( 6,098 )
Total net assets (liabilities): 30,422 17,428
Members' funds
Profit and loss account: 30,422 17,428
Total members' funds: 30,422 17,428

The notes form part of these financial statements

N.E. SPORT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 13 August 2024
and signed on behalf of the board by:

Name: Peter Curtis
Status: Director

The notes form part of these financial statements

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Equipment 15/20% reducing balance Fixtures & Fittings 10% reducing balance Motor Vehicles 25% reducing balance

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 5

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 2,418 18,281 27,108 47,807
Additions 300 3,373 31,985 35,658
Disposals
Revaluations
Transfers
At 30 November 2023 2,718 21,654 59,093 83,465
Depreciation
At 1 December 2022 880 6,454 11,436 18,770
Charge for year 171 2,452 10,582 13,205
On disposals
Other adjustments
At 30 November 2023 1,051 8,906 22,018 31,975
Net book value
At 30 November 2023 1,667 12,748 37,075 51,490
At 30 November 2022 1,538 11,827 15,672 29,037

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 645 1,645
Total 645 1,645

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

2023 2022
£ £
Trade debtors 5,813
Other debtors 3,454 6,347
Total 9,267 6,347

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,621 6,502
Taxation and social security 1,167 2,241
Other creditors 7,778 6,692
Total 14,566 15,435

N.E. SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 12,128 14,150
Total 12,128 14,150

COMMUNITY INTEREST ANNUAL REPORT

N.E. SPORT COMMUNITY INTEREST COMPANY

Company Number: 07068042 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

North East Sport continued its mission of delivering high quality sports and community programmes during the 2022 to 2023 financial year. Our focus remained on providing opportunities for children and young people in Sunderland and South Tyneside to develop their physical and social wellbeing through sport, physical activity and youth work. Core Programmes and Services Our flagship football programme experienced continued growth, with participation increasing across all age groups. The introduction of Bambino Ballers sessions for under 3s further strengthened our grassroots offering and our club pathways. Our collaboration with local schools remained a core component of our work. We delivered a range of services including breakfast clubs, physical education support, and after school clubs. The popularity of our holiday camps was evident, with high demand for places. Our beach themed summer camps were particularly successful. During this time we continued our participation in the Together for Children Sunderland HAF programme. We expanded our youth work provision to include a wider range of activities beyond football, catering to the diverse interests of young people in our community. Key Achievements We saw a significant increase in the number of children and young people participating in our programmes, demonstrating the growing demand for our services. Our collaboration with local schools and other organisations strengthened our position as a key provider of youth services in the area. North East Sport has cultivated a strong and productive partnership with Sunderland City Council and Together for Children. Our track record of delivering high quality, impactful programmes has been consistently recognised. We have consistently exceeded targets and demonstrated exceptional performance across all projects undertaken in collaboration with these key stakeholders. Notably, our involvement in the HAF programme alongside Together for Children has been met with widespread acclaim. This successful partnership highlights our ability to deliver exceptional outcomes for young people in the community. Our commitment to evidence based practice and continuous improvement has enabled us to build a strong reputation as a reliable and effective partner. We look forward to strengthening these relationships further in the coming years. Challenges and Opportunities Cash flow. We are faced with cash flow issues due to the amount of time we wait to be paid from various projects. In some cases this can be up to 4 months. We are currently trying to navigate this challenge with very careful financial planning and credit control. Lack of Capacity. This is creating a barrier to growth because of financial constraints. A lack of capacity can hinder our ability to generate additional income through expanded services, which in turn limits our ability to invest in resources and staff development. This is also restricting our programme delivery. We are unable to expand our programs to reach a wider audience, particularly in areas of high demand such as holiday camps and after school clubs. Addressing the lack of capacity is a priority for North East Sport. We are actively seeking solutions to increase our resources and expand our reach while maintaining the quality of our services. The Burden of Data Driven Evaluation Measures We struggle to capture all relevant data points due to limited staff capacity, inefficient data collection processes and lack of correct skills and or training in the organisation. We also deliver so much and it is difficult to record every outcome that we achieve, as a lot of it is achieved without realising it.

Consultation with stakeholders

North East Sport has cultivated strong relationships with a diverse range of stakeholders throughout the years we have been in operation which has continued in 2022 to 2023 financial year. Our commitment to open and transparent communication has been central to our success. Key stakeholder groups include Local Community. Parents, club members, and the wider community have been actively engaged through various channels, including face to face interactions, surveys, and feedback mechanisms. Schools. Strong partnerships with local schools have been maintained through regular communication and collaboration on projects such as breakfast clubs, PE support, and afterschool clubs. Funding Partners. Effective communication and regular reporting have been essential in maintaining positive relationships with Sunderland City Council and Together for Children. Our ability to deliver against project targets, particularly within the HAF programme, has been instrumental in securing continued support. Staff. Our staff are at the heart of our organisations success. We have cultivated a culture of empowerment, where staff members feel valued and invested in the organisations goals. Regular staff meetings, opportunities for professional development, and open communication channels have fostered a strong sense of ownership and commitment. By fostering open dialogue and actively seeking feedback, we have ensured that our programmes and services align with the needs and expectations of our stakeholders. This collaborative approach has been instrumental in achieving our organisational goals. Key achievements in stakeholder engagement include Successful delivery of the HAF programme in partnership with Together for Children, exceeding targets and receiving positive feedback. Maintaining strong relationships with local schools through regular communication and collaboration. Effective communication with parents and club members through various channels, including face to face interactions, surveys, and social media. Transparent financial management and reporting to funders. This commitment to stakeholder engagement has been fundamental to the success of North East Sport in the 2022 to 2023 financial year.

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 July 2024

And signed on behalf of the board by:
Name: Lindsay Williams
Status: Director