SPORT4HEALTH COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
05933331 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The company’s principal activity during the year continued to be the provision of sports coaching and opportunities for community sport-related activities.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Edmund Kung
Michael Pang
Simon Lloyd-Owen
Juel Tuazon
Jaime Morgan Hitchcock
Susan Teresa Hunt
Lissa Jean Landis


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
27 November 2024

And signed on behalf of the board by:
Name: Edmund Kung
Status: Director

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 192,471 224,661
Cost of sales: ( 191,138 ) ( 205,950 )
Gross profit(or loss): 1,333 18,711
Administrative expenses: ( 6,798 ) ( 18,601 )
Operating profit(or loss): (5,465) 110
Profit(or loss) before tax: (5,465) 110
Profit(or loss) for the financial year: (5,465) 110

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 2,265
Debtors: 4 1,064
Cash at bank and in hand: 9,548 137,386
Total current assets: 9,548 140,715
Creditors: amounts falling due within one year: 5 ( 6,009 ) ( 127,476 )
Net current assets (liabilities): 3,539 13,239
Total assets less current liabilities: 3,539 13,239
Creditors: amounts falling due after more than one year: 6 ( 4,124 )
Total net assets (liabilities): 3,539 9,115
Members' funds
Profit and loss account: 3,539 9,115
Total members' funds: 3,539 9,115

The notes form part of these financial statements

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 2024 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.

This report was approved by the board of directors on 27 November 2024
and signed on behalf of the board by:

Name: Edmund Kung
Status: Director

The notes form part of these financial statements

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services, donations and grants received. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost Is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Provisions Provisions (i.e liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 1

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Stocks

2024 2023
£ £
Stocks 2,265
Total   2,265

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,000
Other debtors 64
Total   1,064

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 2,475
Taxation and social security 1,820
Other creditors 6,009 123,181
Total 6,009 127,476

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

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

  2023
  £
Bank loans and overdrafts 4,124
Total   4,124

COMMUNITY INTEREST ANNUAL REPORT

SPORT4HEALTH COMMUNITY INTEREST COMPANY

Company Number: 05933331 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Our Objective: ‘To carry out activities which benefit the community and in particular (without limitation) to provide physical activity coaching and opportunities for sport-related activity. In addition such activity will be undertaken for the health, social and mental wellbeing benefit of people of all ages and, in particular, young people, older people, and those from marginalised communities living in London.” Our principal activities in the year were to provide a range of sports and social programmes to support better physical and mental health and wellbeing amongst disadvantaged, marginalised, and/or underserved people and communities in London - particularly Westminster, Wandsworth, and Royal Borough of Kensington & Chelsea. Our core sports included badminton, table-tennis, basketball, and football. In addition, and in response to need, we provided an increasing number of sessions to help support better mental health through our wellbeing classes - such as flexibility and strengthening exercises; peer support/mentoring; and social events/activities (eg group walking projects) to reduce isolation and create social networks and friendships. All sessions are delivered by qualified and DBS-checked coaches (often assisted by volunteers) within professionally structured programmes to ensure that everyone can achieve positive outcomes. In the year our charitable community work has represented at least 85% of our total activity as an organisation. We have delivered approximately 1500 hours of activity (running 7 days per week) and reached close to 300 people, at least 40% of whom have been female. We estimate that 80% of our beneficiaries in the year have been from BAME or other minority communities (eg LGBTQ+) and many of those will have faced (or continue to face) multiple disadvantages. Our aim is to help people from marginalised communities take their full and rightful place in the wider community and to be able to access the support and services they need and/or from which they would otherwise be excluded. So, while our principal aim is to tackle immediate needs, we also want to help tackle wider structural inequality and to support people to have the skills, confidence, and opportunities to lead fuller, healthier, and more rewarding lives.

Consultation with stakeholders

Our Directors who are also our stakeholders are: Mr Edmund Kung Mr Michael Pang Dr Simon Lloyd-Owen Mr Juel Tuazon Mr James Simon Charles Morgan Hitchcock Ms Lissa Landis Dr Susan Teresa Hunt Our other – and main – stakeholders are our service users, whom we consult with regularly about their individual and collective health and social needs and how we might help address those. Consultation also includes co-production of programmes and projects. We consult via one-to-one dialogue; in group forums; and in some instances through advisory panels (such as with our young people advisory group).

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Edmund Kung
Status: Director