##
##
|||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|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|
##
##
##
##
##