REGISTERED NUMBER: 00216719 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

The Federation of Sports and Play

Associations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R A Baker

J A Bowers

Ms K E R Costin

N I Palmer

Ms H Willsmer

P Hitchenor

M A Hammersley

REGISTERED OFFICE:

Ground Floor, Woodland House

Woodland Park

Bradford Road

Cleckheaton

West Yorkshire

BD19 6BW

REGISTERED NUMBER:

00216719 (England and Wales)

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

FIXED ASSETS

Intangible assets

5

43,240

49,438

Tangible assets

6

1,914

1,304

Investments

7

3,112,106

2,994,966

3,157,260

3,045,708

CURRENT ASSETS

Debtors

8

62,813

44,674

Cash at bank and in hand

109,979

204,115

172,792

248,789

CREDITORS

Amounts falling due within one year

9

31,770

55,724

NET CURRENT ASSETS

141,022

193,065

TOTAL ASSETS LESS CURRENT LIABILITIES

3,298,282

3,238,773

PROVISIONS FOR LIABILITIES

75,856

65,184

NET ASSETS

3,222,426

3,173,589

RESERVES

Fair value reserve

10

240,600

212,023

Retained earnings

10

2,981,826

2,961,566

3,222,426

3,173,589

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

N I Palmer - Director

1.	STATUTORY INFORMATION

The Federation of Sports and Play Associations Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern

The directors have prepared the financial statements on a going concern basis.

The organisation has incurred operating deficits in the current and prior periods. However, the directors have reviewed the organisation's financial forecasts and cash flow projections and are satisfied that the organisation has sufficient financial resources to continue in operational existence for the foreseeable future.

In particular, the directors note that the organisation holds an investment portfolio which generates recurring income, and this income is expected to be sufficient to cover ongoing operational deficits and meet liabilities as they fall due.

Based on this assessment, the directors have a reasonable expectation that the organisation will continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts receivable from members and third parties for subscriptions, events, sponsorship and related activities, excluding VAT.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the entity and the revenue can be reliably measured.

Membership Subscriptions

Income from annual subscriptions is recognised on a straight-line basis over the period of membership, reflecting the provision of services to members over time.

Amounts received in advance are recognised as deferred income within creditors.

Events Income

Income from conferences, seminars and other events is recognised when th event takes place, reflecting the point at which the performance obligation is satisfied.

Fees received in advance of an event are recognised as deferred income until the event occurs.

Where events span a period of time, income is recognised over the duration of the event.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

30% on reducing balance

Tangible fixed assets are initially recognised at cost.

Cost comprises the purchase price together with any incidental expenses of acquisition directly attributable to bringing the asset into working condition for its intended use.

Tangible fixed assets are subsequently stated at cost less accumulated depreciation and accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments are initially recognised at transaction price, excluding transaction costs where these are recognised in profit or loss as incurred.

Investments are subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss for the period.

Fair value is determined by reference to:

- Quoted market prices for listed investments; or

- Valuation techniques where market prices are not readily available.

Investment income, including dividends and interest, is recognised in profit or loss when the entity's right to receive payment is established.

Investments are derecognised when the rights to the cash flows from the asset expire or are transferred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	AUDITORS' REMUNERATION

2025

2024

as restated

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,098

9,440

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

53,098

Additions

4,304

At 31 December 2025

57,402

AMORTISATION

At 1 January 2025

3,660

Charge for year

10,502

At 31 December 2025

14,162

NET BOOK VALUE

At 31 December 2025

43,240

At 31 December 2024

49,438

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

5,231

Additions

2,234

At 31 December 2025

7,465

DEPRECIATION

At 1 January 2025

3,927

Charge for year

1,624

At 31 December 2025

5,551

NET BOOK VALUE

At 31 December 2025

1,914

At 31 December 2024

1,304

7.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 January 2025

2,994,966

Additions

2,347,889

Disposals

(2,563,505

)

Revaluations

332,756

At 31 December 2025

3,112,106

NET BOOK VALUE

At 31 December 2025

3,112,106

At 31 December 2024

2,994,966

If fixed asset investments had not been revalued they would be included at historical cost of £2,791,307.

Fixed asset investments were revalued on an open market basis by the fund managers as at the year end.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

7,694

1,336

Other debtors

55,119

43,338

62,813

44,674

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

11,870

29,133

Taxation and social security

-

3,611

Other creditors

19,900

22,980

31,770

55,724

10.

RESERVES

Included in retained earnings are ring fenced funds totalling £254,560 (2023: £223,141).

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Samantha Hutton FCCA (Senior Statutory Auditor)

KJA Kilner Johnson Limited KJA Kilner Johnson Ltd (Statutory Auditors)