2023-06-30-accounts - Saracens Sport Foundation

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		Page
Legal &Administrative	Information
Trustees' Report
Auditor's Report
Statement of Financial	Activities
Balance Sheet		12
Statement ofCash Flows		13
Notes to the Accounts

Charity	Number	1079316
Company	Number	03909677
Trustees		CSBiddle
		NJBrooking
		GW Eyrss
		W Lang (appointed	15/03l2023)
		D Lebond
		Lord Randall
		ERatcliffs
		JSmallwood
Principal	Address and Registered ONce	StoneX Stadium
		Greenlands Lane
		Hendon
		London
		NW4 1RL
Company	Secretary	KCrombie
Bankers		Barclays Bank pic
		11Bank Court
		Hemel Hempstead
		Herts
		HP1 1BX
Auditors		TC Group
		The Courtyard
		Shoreham Road
		Qeyning
		West Sussex
		BN44 3TN

SARACENS SPORT FOUNDATION (LIMITED BYGUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SARACENS SPORT FOUNDATION FOR THE YEAR ENDED 30 JUNE 2023 Owing tolhe inherent limitatiorts ofan audi( there is an unavoKlable risk Ihatwe may not have ¢Jetected some material misstatements in the financ4al ststements. 8v8n It9h we have proporly planned awKI performed our au¢Jit in accwlance with auditing slaTrJards. For example. Ihe fijrthw r8moved non-cA)mplneS with Lqws and regul8b"on# (Irregularit5) is trom the events and transactions Tefiected in tho financial 8tatement5, the less likely the inherenfjy limit&d procedu requi1 by auditing standard$ would Klenlfy M. The risk is also greater regarding irregularities oc¢uNing due to fraud rather than eTror. as fraud invofv&s intention81 cOnlMent. forgery. collusion, omission or isrepresentation. W8 not responsible for weverrtiNJ non-coMF8nce aThJ not be exFoct8d lo detsct no ¢omplian¢e with all L4ws and regulations. AfultherdeSptn0f (Njr raSwrLb1itlegIorthO audf(of the financial $tatemenls located on the Financ¥al Reporting Coun¢il'$ website al.. http5.'Ilv(Kw.frc.org.uklOur-WorklAudiVAudf(-an&assurdncelStaThJards-and- guK18ncelStandards-an¢*guMdarthfor-authtorslAudrtor>responsibilities-for-auditlDescripbon-of4uditc sponsibililies-for-audit.aspx. This deptIOn fom)s part of cHJr audilorfs report. U¥0 of our r•port This rgport is made solely to the charrtable rA)mpan$ members, as a body, in accordance wHh Chapter 3 of Part 16 of the Compani8s Act 2006. Our audit work has been undertaken so that we rnighl stste lo the charitable cornpanls memberstho8e malletsw8 ar• r•quir8d to stste to them in an audilorfs report and for no oth&r PUTPOSe. Tts tha fvlle5t extenl p8rmitt8d by 18w, wè do not accept or assume responsibilrty ID anyone other than the charitabte company and the chaiitable companys members as a body, for our audit wowk. for this report. or for the opinions we have fomied. Mark Cummlns FCCA (Sènior Stslutory Auditi)rl forand on behalf of TC Group ststutr•ry Auditors Office.. Steyning, Wesl Sussex Dated.. L8 10

		Unrestricted	Resbtcted	Total	Total
	Notes	Funds 5	Funds 8	2023f	2022
Income from:
Donations and legacies		298,295		2$8,295	328,500
Charitable activities		140,432	787,OOS	927~1	848,892
Other trading activities		144,744		144,744	140,790
Total income		583,471	787,009	1,370,480	1,118,182
Expenditure on:
Raising funds		165,1$8		165,198	230,777
Charitable activities		440,876	736,$11	1,177,787	883,851
Total expenditure		606,074	736,911	1,342,985	1,114,428
Net income/{expenditure)		{22,603)	50,098	27,495	3,754
Fund balances at 1 July 2022		286,367	131,725	418,092	414,338
Fund balances at 30June 2023		263,764	181,823	445,587	418,092

							Notes	2023f		2022 5
Net cash Inflow/(ouNowl				fmm
operating	activities						18	(23,148)		(10,573)
Cash flows from investing				acdvittes:
Purchase of tangible fixed assets							11 ~33,637		1235
Cash used	in investing		activities					32631		12,35
(Decrease)	Iincrease	In	cash					(56,779)		(22,930)
Cash and	cash equivalents				at	the
beginning	ofthe year							~58 644		481 774
Cash snd cash equlvalerds				atthe end
ofthe year								~63665		458,844
								1 July 2022	Cash flow	3DJune
								6	8	2023
Cash at bank and in hand								458,844	(55,779)	4D3,065

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2023	2022
		f		f	f
General Donations		233,106		233,108	286,058
Patrons Scheme		65 189		6518842442
		298295		298 295	358,500
NCOINE FROM CHARITABLE ACTIVITIES
		Unresb icted	Restricted	Total	Total
		Funds	Funds	2023	2022
			f		f
Participation	Dance	116,509	110,510	227,019	155,402
Participation	Rugby	23,923	146,612	170,535	156,317
DisABILITY			170,058	170,058	49,769
Social Inclusion			292,801	292,801	199,981
Health and	Wellbeing				26,541
Education and Employability			67028	8?,028	60,882
		140,432	787,009	927,441	648,892

							Unrestricted	Unrestricted	Unrestricted	Restricted	Total	Total
								Funds		Funds	2023	2022
										f	f	f
	Fundraising activities and		events				144 744				144,?44	140790
							144 744				1 744	140790
6.	EXPENDITURE
						costs f	Depreciation		f	Other costs f	Total 2023 f	Total 2022 f
	Expenditure on raising funds
	Costs ofraising donations, and event expenditure		grants		101,500					63,698	165,198	230,777
	Activities undertaken	direc8y			652,843					187,199	918393	728,354
	Support costs				188,757		21,330			49,207	259,294	155,297
	Total charitable activities				841,600		21,330			314,857	1,177,787	883,651
	Total expenditure				943,100		21,330			378,555	1,342,985	1,114,428
	Direct charitable expenditure		costs comprise costs				incurred	on	projects such as		sessional staff	time, travel
	expenses and venue	hire.
	Analysis ofsupport costs (including					governance costs)					2023	2022
											5	f
	Staffcosts										188,757	116,383
	Depreciation										21,330	9,131
	General office and	administration									36,028	18,177
	Legal and other professional			costs							2,079	1,400
	Governance costs:
	Audit fees										11,100 299,254	10,200 155297,

STAFF COSTS
			2023	2022
			6	6
Wages and salaries			931,66$	764,615
Social security costs			73,668	66,165
Pension costs			16,215	12551
		1	521,551	843371
The average number ofmonthly employees	employed	by the Charity were:
			No.	No.
Staff members			61	47

	Unrestricted	Restricted	Total
	Funds	Funds	2022
	6		6
Income from:
Donations and legacies	258,550	69,950	328,500
Charitable actMties	122,044	526,848	648,892
Other trading activities	140,790		140,790
Total income	521,384	596,798	1,118,182
Expenditure on:
Raising funds	230,777		230,777
Charitable activities	307,739	575,912	883,651
Total expenditure	538,516	575,912	1,114,428
Net incomel (expenditure)	(17,132)	20,866	3,754
Fund balances at 1July 2021	303,499	110,839	414,338
Fund balances at30June 2022	286,367	131,725	418,092

	Webeite	Total
Cost:	F
At1 July2022	10,387	10,387
At 30June 2023	10,387	10,387
Depreciation: At 1 July 2022	10,387	10,387
At 30June 2023	10,387	10,387
Net book value
At 30June 2023
At 30June 2022

TANGIBLE ASSETS
	Fixtures,
	Ittgnga
	and IT
	Equipment	Total
Cost:		8
At 1 July 2022	45,112	45,112
Additions	32,631	32,631
Disposals	(26,318)	(26,318)
At 30June 2023	51,425	51,425
Depreciation:
At 1 July 2022	21,473	21,473
Charge for period Eliminated on disposal	21,330 ~7.31D)	21,330 (7,310)
At 30June 2023		35,493
Net book value
At 30June 2023	15,932	15,932
At 30June 2022	23,639	23,639

				2023	2022
12.	DEBTORS
				f	f
	Trade debtors			70,984	48,247
	Prepayments	and accrued income		8,002	19,980
	Other debtors			59,738	17,124
				138,724	85,351
13.	CREDITORS			2023	2022
	Amounts falling due within one year.
	Trade creditors			18,251	18,791
	Amounts due	to connected company (Note 19)		3,533	66,905
	Taxation and	social security		19,063
	Accruals and	deferred	income	71,287	BB,046
				112,134	149,742

30Jun	e 2023 the company had total commitme	nts under non-cancellable operating leases as fol	lows:
		Land and buildings
		2023	2022
		f	f
Expiry	date:
Within	one year	&000	44,000
		44,000	44,000

donations and gra	nts held on trust for specific pur	poses:
		INovement	in	funds
	Balance at 1 Income			Expenditure		Balance at
		July 2022				30June
						2023
Restricted funds			6
Participation Dance		300 110,510		(108,813)		1,997
Participation Rugby		22,283 146,612		(144,923)		23,972
Disability		13,969 170,058		(160,930)		23,097
Social Inclusion		41,712 292,801		(277,413)		57,100
Health and Wellbeing		28,285		(12,239)		16,046
Education and Employability		25,178 67,028		(32,593)		59,611
Total restricted funds		131,725 787,009		(736,911)		221,823
Unrestricted funds
General funds		286,367 583,471		(606,074)		223,764
Total funds		418,092 1,370WO		(1,342,985)		445,587
The purposes ofthe restricted funds are explained		in the trustees report.
ANALYSIS OF NET ASSETSBETWEEN FUNDS
		Unrestricted		Restricted		Total
		Funds		Funds		2023
		5				8
Fund balances at 30June 2023 are
represented by:
Tangible fixed assets		15,932				15,832
Current assets Creditors: amounts	falling due within one year	359,966 ~112.134		181,823	541,789 ~142.134
		283,764		181,823		445,587
		Unrestricted		Restricted		Total
		Funds		Funds		2022
				8		6
Fund balances at 30June 2022 are
represented by:
Tangible fixed assets		23,639				23,639
Current assets Creditors: amounts	falling due within one year	412,470 ~149.742		131,725	544,195 ~(149.742
		286,367		131,725		418,092

				2023	2022
					f
Net income				27~95	3,754
Depreciation	oftangible		fixed assets	21,330	9,131
Loss on sale	of property,		plant and equipment	19,007
(Increase}/decrease Increase/(decrease)		in debtors in creditors		(53,372) ~37SDS	(33,889) 1D431
				~33.343	~75,573