Registered Charlty numb•r: 1079316 Company No: 03909677 SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 111111 ill •￿VQ6tyA• 27103R026 CWANIE5 HOUSE A19 *243 SARACENS SPORT FOUNDATION (UMITED BY GUARANTEE) CONTENTS P•ge Legal & Admintslralive Infomwtion Trustees, Report Auditors Report Sialernent ol Financial ActNrt*s 11 Balance Sheet 12 Statement of Cash Fl¢)ws 13 Notes to the Accounts 14 SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEE) LEGAL & ADMINISTRATIVE INFORMATION Charlty Numb•r 1079316 Company Numb•r 0390￿77 Tru8t•vJ J Appleby C S Biddle N J Brooking R Cr8gan A Flight O Gattas R Khanam W Lang D Macdonald D Molloy E Ratcliffe S Tailor Prlnclpal Addr••• •nd R•ght•r•d Stonex S&￿IUM Offic• Greenlands Lane Hendon London NW4 1RL Comp•ny SKr•lary R Symonds B•nk•r• Barclays Bank plc 11 Bank Court HeTh￿l Hempstead Herts HP1 18X Audltorn TC Group The Courtyard Shoreham Road Sleyning Wesl Sussex BN44 3TN SARACENS SPORT FOUNDATION ILIMITED BYGUARANTEE) TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The directors are pleased to Sutjmit their report and the acctyjnts of the Foundation for the year ended 30 June 2025. Structure. Governance *nd M•n•g•m•nt rnin Saracens Sport Foundab"on Is a company limrted by guarantee governed by ils Memorandum and Artjcles of Assocobon dated 19 January 2000. It is also registered as a charity wrth the Charity Commission. The trustees agreed changes to the Memorandum and Art￿leS of Assocrab"on on the 3rd September 2019 to meet Improved governance standards. The changes can bg found on the Charity Commission or Company House websites. The Financial Statements ￿mplY with Charities Act 2011, the Cornpan￿ Act 2006 and Accounting and Reporting by Charities. Statement of Reeommendeo Praclice appli¢abk to charities p￿ParIng their accounts in accordance with the Financial Reporti'ng Standard applKable in the UK and Republi¢ of Ireland IFRS102I leffeclive January 20191 ointment of Dir As sei out in the Articles oIAssocialion the number of directors (who are also trusleesl shall be not less than three bul (unless olhemise determine(1 by ordinary resolulionl Shall not be subject lo any maximum. The dire¢tor$ Shall always Consist of the Managing Director lof a nominated Eyeculive Committee Member) for the time being of Saracens Limited and such other directors as shall be appointed lo hokl offi'ce in accordance wilh the articles. Directors Shall be identsfied and appointed on Ihe basis ol the added knowledge, skills. experience, and valuè that they can bring lo the charity. Ad¢Jilional training for directors wll be provided as necessary to ensure that the Board is effectivg in ils management of the eharity. The directors who seryed during the year were a$ lolbws.. - J Appleby lapFointed 10 June 2025) - CS Biddle NJ Brooking R Cr8gan (appointed 10 June 20251 GW Eyres Ire5igned 10 June 20251 A Flight lappoinled 10 June 20251 O Gattas lappointed 10 June 20251 R Khanam lappoinled 10 June 20251 -WLang D Lebond {resigne(J 10 June 2025) - D Macdonald lapp)Inted 10 June 20251 D Molloy (appointed 10 June 20251 Lord Randall (resigned 16 November 20241 E RaI¢l￿e - J Smal￿00d (resigned 19 May 20251 S Tailor lappoinled 10 June 20251 - M Thompson Iiesigned 28 November 2024) anisalion The Board of Directors administers the charty. A Head of Foundation is apw'nled by the directors lo manage the day-to4ay operations of the charity. To ta￿litate effective operats"ons. the Head of Foundab"on, together with the Senior Management Team have delegated authority for operath.onal malters such as finance. employment, and service delivery acts"vitses. SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 ement A review of all p)lenlial risks to the ¢harty has been carried out by the Board of Directors and systems have been establishe¢J to alleviate those risks. These systems are ￿VIeWed penoJi¢alty to ensL•re that they meet the needs of the charity. The Trustees have identrfied that financial sustainability remains the rnajor r15k for the chanty. A key element in the management oi financial risk is a regular re¥￿W ol available fvnds lo $8tt1g debts a$ they fall due, and active management of ¢Jebts and creditors to ensure sulfKient working capital. R I ted Parties Saracens Sport Foundation is Connected lo the professional Ru9by Club. Saracens Limiled, and benefits from shared serv￿e$ from the club in the fomi of finance and HR lime. All staff are employed directly through the sara￿ns FOUndat￿n. The charity has created a register of related part*s lo ensure thal all rdated party'es are re￿rded. Prln¢lp•l obJ•ctlv•¥ The principal activity of the Saracens Sport FoundalK)n is lo transform lives on and off the pith lo build stronger communities. In shaping our objectives lor the year and plannin9 our a¢tNilie$, the directors have considered the Chanty Commission's guidance on public benefil. including the guidance'public benefit." wnning a charity, IP821. In particular, the Directors consider how planned aclNitses will contribute lo the aims and o*'ectwes they hav8 sel. The Saracen5 S￿rt FoUndat￿n strategic objethes are to.. Increase and Support participation- Encourage more young people and adults of all ats'litigs and ages to part￿ipate in sport and physical activity through high quality programmes that provide sustainable pathways for all. Encourage healthy lifesty￿$ - Empmr young p80ple and ￿￿lts lo make infornied decisK)ns that will bring about positive behaviour change and help them to ￿ad happ*r, healthier lives. Champion sport as a leveller in society - Challenge the Inequality of opportunities within our ￿Mmun and advocate the benefits ol sport and phy$Kal activty in creatsng a safer, more cohesive, and inclusive society. Transfomi lives through educalN)n-Cffjale new OPFQrtunibes for indNKlual$ and sypwrt tham to discovor their polenlial through educab'on. training, and development. Support Marginalised Communities build aeeessible prcgran%rns lo reach groups within our communities that requi￿ support and amenities to feel safe and a part of the areas they live in. Key Manag•m•nt The Directors give of their tirre freety and no Dir¢dtt reeeNed renumeratth in the year. The salaries of senior staff are reviewed on an annual basts. Our Volunteern As the charity has continued lo evolve and grow so has our reliance ¢)n the volunlary support of people who want to make a posi(ive contributson to the charity's work. ther lfy) volunteers assist with the delivery of our programmes on a regular basis. helping lo manage ourfull tstr* and part b.me stalfing costs and helping the charity have a bigger impact. We wish lo thank our volunteers for their byal support SARACENS SPORT FOUNDATION ILIMITED BYGUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Achi•v•m•nts and prfom)anc• This year we proudly ￿lebrated our25th anniversary- an Incredib￿ milestone for the Foundatr'on Not onty does this make us one of the very lew sports foundati￿$ connected lo a professional club to reach this landmark. il also reflects our sustsined impact and conknnued re￿vance within the communitie5 we seNe. The Foundation has been charoing Iwes on and off the prtch lor 25 yearn, engaging some of the most 'al risk. and disadvantaged communitie5 In North London and Hertfordshire. Last year we conb'nued lo use sport as the vehicle lo engage these communities into lrfe-changing projects, sUppO￿.n9 Ihem lo improve their health, e¢JuCal￿n, and employability. Once again, this was a chalL9nging year for Fundraising, dewle Surpassing the prev#Jus years income total. Our individual and event fundraising ineome lines were direcuy impacted by the chal*nges our traditional donors were facing with the cosl.ol-living crisis. By having a fluid and flexible m&del ol delivery we were able lo InC￿aSe our number of primary impacts to over 20,315 people and a further 81.260 secondary impacts during this year. The Feundation aims to increase participatron in sport as a ￿*aft$ of tackling s¢xial and health issues within society and its local communty There are several projects whose key aims are to tackle i55ues such a5 Inactivity and obesity rate including Sarries in My Schtr)I ISIMSI. Our SIMS project worked with over 35 schools this year and engaged over 1,500 participants in delivering dance. rugby and multi•SPOrts. All the participants that have engaged in these sessions are now on Iheii way lo meets.ng the expected actwrty levels lor their age groups. nRu Inspire Her is focused on proV￿1ng rugby playing opportunities for young gid$ aged 6-12. to ¢￿ale pathway$ to their local clubs, girls, section5. With the Women's Rugby Worka Cup In 2025 being hekl in England, helping to increase the opportunities for girls lo take part in wgby 1$ key lo helping sustsin the legacy of that event. Inspire Her worked with over 1.000 young girls across 4 bofough5 Wlth a high percentage ofthose participants going from never picking up a fugby ball lo engaging In sustained pa￿"¢1patIOll ol Scho￿.$ sessions and mulli school festivals. According lo the Active Lwes Chil¢Jren & Young People survey 2024-25 published by Sport England, ￿sS than hall149.1 %) of children and young people were meeting the Chief Medical Officers. guidelines ol taking part in sport and physical activity for an average of 60 minutes of more every day wrth onty 22 5% being classed as 'Fairly Aclive'130-59 minutes per dayl In the same year, Saracens Foundation's Rugby 4 Life project delivered 28 tag rugby festivals al 14 local rugby clubs, engaging 138 primary schcK)1s. 237 young sports leaders and 5,767 participants. For many of tl)ese studenls. this will have been Ihesr first experience of tag rugby. Every studgnt who attends these festivals. not only receives a fantastic introductson to the garr* but alw leave with an invitation to reium lo tho club to lake part in a full training session wlh their 4e group team. Improving educ•tion Ind redu¢lng reoffendlng Last year the Go FoM8fd proiecl al Saracens HvJh Sch￿1 $UPWed 53 students through 1..1 and group mentoring and supported over 800 students in the transrtion into secondary school settings. Young people aro most vulnerable lo antisocial aclivities just before and just after the school day. which is why our project focuses on providing safe spaces during these limes for students lo engage in diffe￿nI sports and leisure aclivilies. Studen15 who regularty engage wrth the project in a posibve manner a￿ rewarded with day trips that help to build confidence. resilience and teach the values of teanhth. SARACENS SPORT FOUNDATION (LIMITED BYGUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Refu ee and As lum Seekin Pr ramme-s rtin Roo Since its inception. the Sporb'ng Roots Project has engaged with over 450 participants within the refvgee and 8sylum.seeking community. During this time. we have worked with parbcipants from over 90 different countries providing a variety ol sports, leisure and mentoring sessKJn$. These sessions allow the participants lo feel a sense of belonging and help social iso￿tiOn. Futur• Pl•n# As we transitKJn out from our Grow and Improve Strategy. we have built a new strategy which will take effect from 151 July 2025. The strategy 15 designed lo keep our Pr￿rity objective5 of Improvin9 people's health, education and employability whilst ensunng that all of our actsvity remains relevant and needed within our communities The strategy will be broken down into a S year strategy and a 3 year development plan. Our projects now operate '52-weeks a yeal. We are n¢yw usin9 insight to identify Challenges that local communities and people are facing In 2025126 we hope to continue to manage our finances and projects lo ensure ihal we can continue to deliver high quality programmes even as c051 of living crisis, loom. Flnanclal R•vl•w Income lor the year ended 30 June 2025 was £1.58m 8$ against ihat of£1.48m for the pievious year. The surplus lor the year was £18. 189 against £7,698 for the previous year. Revenue from fundraising aclivitses amounted to £217,573 up from £142,$84 lor the previous y88r. Income from donations and legacies amounted lo £359,832 up from £288.074 for Ihe previou5 year. Funding from Irusts and foundations continue to b8 a very important source offvnding for the Charity and include8 grants from John Lyon's Charity, The Portal Trust and City Bridge Foundation. Cash al the bank as at 30 June 2025 an￿l￿ted to £370,19312024.. £391,616). The dir￿torS are of the opIn￿n that the fInar￿la1 statements Should be drawn up on the going concem basis. The directors have reviewed the circumstances ol the charity and conS￿er that adequate re50urc8s continue lo be available lo fund the activities of the charity for the foreseeabbe fvlure. The Charity has estslA￿hed a policy for the managetrenl of reseThes, whereby except in exceptional I￿umstanceS the unrestricted funds not committed by the charity should be 2 months ol resources expended. Free reselves as al 30 June 2025 wefe £225.715 against annual running costs of £1.56m. As with all charities. one of our pri￿ challenges contsnues to be around the generabon of income to support the delivery of our projects However, we continue lo have success with grant lun¢Jing and this enables us to continue to delN8r cmjr projects arKi to diversfy our total incow£ fundiThJ. Statement of dlre¢toVs r•¥ponslbllKl•s In relatlon lo the finan¢l•l statem•nts The Direetots (who a￿ also the Trustees lor the PUfFoses ol charity lawl are responsible ft>r preparing the Directors, Report and the financial statements in a¢¢ordance wrth apo￿ble law and regutalions. Company law requires the directors lo prepare financial statements for each financial year. Under that law the Directors have elected lo prepare the Financial Statements in accordance with United Kingdom GAAP IUK A¢¢ounling Standards and applicable lawl. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company ar+d of the proffit or105s of the company for that period. SARACENS SPORT FOUNDATION (UMITED 8YGUARANTeEI TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENOED 30 JUNE 21115 Obs•Th•the r￿1hC•J& and inv* t*•rth•SOFIP. •nd eno￿• to •rouf• ihai *W*¢MnL¥ Y￿h th• A# 2￿ffj. Tr￿y At• •l•cUOnolfr•￿d Irtd oVy•r stst•m•nt •* t•th*¢lo*urn olhrf•nA•Uon t•Audknr In ￿ 14r *$th• dirn¢￿ •r• •w•rn •1 Ih•l*m•Olapwov¥* InrrtJ•lreF4A thtrtt Is ro r•k)v•ni •vdilOr KI ¥fth•rn. E•ch ot th• dir•th% h•w ccntTrr￿j ih* th•y Iw• tskfjn ¥ii il• that IW WOhl to h8W •• a¥•￿. kn ¢x*r io rnllkn ihvms¥¥•s ￿•r• ot •rny rf•¥*ni Ch•rtt*¥ 2019 h•s 4ccr which the financial statements are prepared is consistent with the financial statemenls., and Ihe directors, report has been prepared in accordanee wth applicable109al requirements. M•tter4 on whl¢h w• ar• r•qulr•d to r•port by •xc•pt•on In the light of our knowledge and understanding of the charrtable company and ils environment obtsined in the ¢ourse of the audit, we have not identsfied malenal misstatements in the directors, report. We have nothing lo report in respect ofthe follcming mattern in rekli¢M lo wh￿h the Companies A¢t 2006 requires us lo report lo you if, in our opinion.. adequate accounting ￿CordS have not teen kept. or returns a¢Jequatg for ¢)ur audit have not been received frorn branches not visited by us., or the financial statements are not in agreement with the a￿)Untrng records and retums.. or certain disclosures ofdireclors, rerNnerabon speciW by law ar8 nol madg.. or we have not r￿e1Ved all the inlormalN)n and explanat￿n5 we wuire fof our audit. the director was not ontitled to prepare the finaneial sta￿MentS in aecordance ￿th the small companies regime and tske advantage of the small companies. exemption in preparing Ihe directorf$ report and take advantage of the small CoMpan￿S exemption from the requirernent to prepare a slraleglc feport. R•¥pon$lbllltle$ of tru•tee• As explained more fvlty in the trustees, ￿SPonsibl1rt￿ statement. the trustees (who are also the diwtors of the charitoble company for the purposes of company lawl are re$pon$ible for the preparalion ol the financial slalements and for being satisfied thal they give a true and fair view. and for such internal control a5 the trustees determine is necessary lo enable the preparation offinancial statements that a￿ I￿e from material misstslement, whether due to fraud or error. In preparing the financial staternenls, the tru51ees are responsible for a5ses5ing the chantable company's ability to continue as a going con¢em, disclosing, as appltable. matters related lo going concem and using the going concem basis of accounting unless the Iruslees either inteThJ lo Iwuidate the charitable company or lo Cease operatK)ns. or have no realist￿ artematNe but to do so. SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SARACENS SPORT FOUNDATION (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Audltoe8 respon$lbllltl•s for th• audlt of Iho flnanclal slat•m•nts Our objecbves a￿ to obtain reasonable assurance about whether the financ￿1 slalemenls as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high kvel of a55urance. bul is not a guarantee that an audit conducted in accordance wrth ISAS IUKI will a￿ayS delect a material misstatement when it exists. Misstalements can arise from fraud or error and are considered malenal if. 1ndry￿u81ty or in the aggfegale. they could reasonabty be expecle(I to inffluence the econom* decision$ of users tsken M the ba$1$ of these financial slalemenls. Irregularities. including fraud. a￿ instsnces of nonns and other forn￿ of voluntary income are recognised as income when ￿eNable, except insolar a5 they a￿ incapable of financial measurerrent. Income from charitable aclivilies includes grants awarded for activities undertaken by the charity's proje¢l$. Grants are credited to the Siatement of Financial Actsvil￿$ in thè year in which they are receivable Un￿$$ a 9ranl is subject lo donor imposed conditions that specify the time period in which the expenditure of the resour¢es can take place". in which case they are deferred. SARACENS SPORT FOUNDATION ILIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES (CONTINUED) 2.4 DONATED SERVICES AND FACILITIES Donated professional services and donated fau"lilie5 are recogntsed as Incorr￿ when the charity has control over the item, any condthon5 a5$0¢ialed with the donated rtem have been mel. the receipt of economic benefit from the use by the charity ofthe item is probable and that econorn￿ benefit Can be measured reliably. In accordance with the Charities SORP IFRS 1021 any general volunteer time is not recognised On receipt, donated Professional sefvices and donated lacilities a￿ recogni5ed on the basis ol the value ol the gift to ihe charity which is the amount the Chanty would have been willing lo pay to obtain serv￿eS or facililies ol equivalenl economi¢ benefft on the open markel.. a ￿rreSpOnding a￿￿nI is then recognised in expenditure in the period ol receipt. 2.5 EXPENDITURE Expenditure is recognised once there 1$ a legal or construclivg obl￿allOn to make a payment to a third paty, il is probable that SettIerr￿nt will be required and the arrrfjunt of the obligats.on can be measured reliably. Expenditure ts classified under the following actNty headings. Expenditure on raising funds compfise the costs Incur￿ in attracting voluntsry income and those In trading aclivilies that raise fund$. S8￿ry and overhead are allo￿ted based on staff lime spent on those aclivitses. Expenditure on charrtable activities- charitable acty"vibes include direct project Costs and expenditure associated with the overall direction and administration on each activity, comprising the salary and overhead cosls ol the central function. These eentral eosts are apportioned on the following basis wh￿h are an estsmale based upon Staff of the amount attributed to each aclivty.. Participats'on Dance Participation Rugby Disability Fundraising Social Inclusion 23% Health and Wellbeing EdU￿t￿n and Employability Govemance 15% 11% General Support 15% 25% Irrecoverable VAT is charged as a cost against the aclb¥ity fty wh￿h the exFenLlilure was incurred. 2.6 ALLOCATION OF SUPPORT COSTS Support costs aTe th¢)se functions that assist the work of the charty but do not directly undertake Charitable aclivilies. Support costs inclutje bxk offKe costs, finance and govemance ￿$1$ whTrch support the Foundation's programmes and aelivilies. These costs have been all¢)cated be￿een cost of raising funds and exFendrture on charitable actNities. 2.7 OPERATING LEASES Payments made under operating leases are charged to the Stslement of Financial Actrvitsgs on a stra￿ht- line basis over the lease temi. 15 SARACENS SPORT FOUNDATION {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED> FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES ICOPfflNUED) 2.8 DEBTORS Trade and other debtors are iecognised at the settlerr*nl amount due after any trade discounl offered. Prepayments are valued al the amount prepaid net of any traJe tJi$counls due 2.9 CASH AT BANK AND IN HAND Cash al bank and in hand Includes cash and short lemi h￿hlY liquid investhwnl$ The trustees seek lo use short an¢J medium term deFQSrts where possible to maximrLe the retum on monies held at the bank and lo manage cash flow. 2.10 CREOITORS AND PROVISIONS Credilofs and provisions are recognised where the charity has a present obligation resulting from a past èvent that will probably re$ult in the transler of fund5 to a third paty and the amount due to settle the obligation can bè measured or estimated reliabty. 2.11 ACCUMULATED FUNDS The funds of the charrty currenlty cL¥npnse'. Unreslricled funds that are expendaNe at the discretw)n of Ihe trustees in furtherance of thè objeclNes of the chanty. Restricted funds that can onty be used for paitutar reslricled purp)ses within the objects ol the charity 2.12 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application ol the charty's accounting policies, the tnjstees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estrmales and associated assumptions are based on historical eXPer￿nCe and other factors that are consider8d to be relevanl. Actual results may differ from these esbmates. The estimates and underlying assumptions a￿ ￿VIeWed on an ongoing basis Revisions to accounb.ng estimates a￿ recognised in the per￿1 in whKh the e$ts"mate is revised. The Iruslees do not consider that the￿ are any ¢ribcal eslimales or areas of iudgemenl Ihal need to be brought to the attention of the readers of the financial stalerr*nts. 2.13 PENSIONS Existing employees ol the Saracens Sp￿1 Foun¢Jab"on are aulomabcally enrolle(l into the chaTity'5 Smart pension scherre, unless they have exercised their rvjht to opt out of scheme membership. It is fun¢Jed by contributions from employee and employer. Up until 1 January 2024 staff were enrolled into the money purchase defined contn"bution pens￿ schetrn administered by Saracens ￿"mIted. 16 SARACENS SPORT FOUNDATION (LIMITED BYGUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 INCOME FROM OONATIONS AND LEGACIES Unmlrlct•d R••trl¢t•d Total Total Fund• Funds 2025 2Q24 General Donali¢)n$ Patrons Scheme 32S.3SS 34,477 325,355 249,094 38,980 359 832 359 832 288 074 INCOME FROM CHARITABLE ACTIVITIES Unrnstrfded R￿trIct*d Totsl Total 2024 Fund• Fund• 2025 participal￿n Oance Participation Ru9by DisA81LITY 277,748 277,748 240,676 240.678 155,568 1S5.568 308,855 308,855 23 048 271.703 192,050 124,335 435,337 S¢xial Inclusion Education and Employability 1,005,695 1.005.895 1.053.210 Ineluded in tlisA8ILITY is £47,325 received from CTty 8ndge Foundaiw)n- London's biggest independent charity lunder. Included in Sctial Inclusion is the B￿akthrough project which ￿eNed funding of £80,354 from The National Lottery Community Fund- RC London and South East Region Islam￿ Relief UK has provi¢Jed funding of£52.000 for the Sporting R¢)tsts project and The Gel Onside project has recewed funding of £25.000 from The Portal TNst Included in Participalion Rugby 1$ £10,000 from V4llliam Wales Merrwral Trust in respect of our Go Forwards project. 17 SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 INCOME FROM OTHER TRADING ACTMTIES Unmtrkt•d R•8trlct•d Tol•l Total Fund• Fund• 2025 2024 Fundraising aclNl1ies and events 217 573 217 $73 142 584 217 573 217 $73 EXPENDITURE St•ff Depr•clatlon & Costs amorth•tlon other cost8 Total 2026 Total 2024 Exp•ndltur• on ral•lng fund* Costs of raising donations, grants and event expenditure 135,2C 40.464 175,664 154.860 Athities undertaken direGUy Support costs ,139 199,687 194,359 1.098,498 75,342 290,949 1.031,959 289,351 15.920 Total charitable actWrt￿s 1,103.826 15.920 269.701 1,389,447 1.321,310 Total •xpendltur• 1,239,026 1S,920 310,165 1,665,111 1,476.170 Direct charitable expendrture costs comprise tosts incurred on projects Such a5 sessional staff lime, travel expenses and venue hire. Analylis of Support CO8ts Ilncludlng gov•rnanc• Costs) 2026 2024 Staff costs Dep￿Ciall0n & amortisation General office and adminislrab.on Legal and other professional costs Governance costs.. Audit lees 199,687 15.920 53,982 9.060 200,340 15,925 46,419 14.867 12.300 290.949 11.800 289.351 The current auditorfs charges are £12.31XS in respect of audrt fees12024. £11.800}. Net incoff* is ststed after charging £44.OIW12024_ £44.0001 to OFerab'ng lease renlals included in other costs. 18 SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDEO 30 JUNE 2025 STAFF COSTS 2026 2024 Wages and salaries Secial secunty costs Pension costs 1,114,912 101,928 1,047,989 81,618 18472 1 148079 1 239 026 The average number ol monthty emptyees empk)yed ty the Charty were.. Nts. 63 No. Staff n￿MberS The numbèr ol employees whose ewKJluments fell within the following bands was.. 2026 Number 2024 Number £60.001- £70,000 The key management personnel ol the chanty comprise of thè Head ol Foundation and the Senior Managers. The total employee benefrts {inclLtding employers, nat￿nal insufancel ol the key management personnel were £351.142 12024". £382.3351. TAXATION The Charitable company 1$ re9iStered as a charity and all of its income falls within the exemptions under Part 11 01 the COrporat￿n Tax Act 2010. COMPARATIVE FUNDS- STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrn8trlct•d Funds R•8trict•d Fund$ Total 2024 Income from: Donations and legacies Charitable activities Other trading aclivil*s Total Incom• 288.074 288,074 1.053,210 142,584 1.483,868 1,053,210 142,584 430,658 1,053.210 Expenditur• on: Raising funds Chantable aclrvities Totsl •xp•ndituro 154.860 342.314 497,174 154,860 1.321,310 1,476,170 978,996 978,996 N•t incomel {exptnditurel 166,5161 74,214 7,698 Fund balances at 1 July 2023 263.764 181.823 445,587 Fund balance$ 4t 30 June 2024 197.248 256,037 453,285 19 SARACENS SPORT FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 10. INTANGIBLE ASSETS W•bslt• Cost.. As al 1 July 2024 Additions Disposals At 30 Jun• 2025 10,387 5,040 10.387 S,040 Amortlsatlon.. A5 al 1 Juty 2024 Charge for period Eliminated on disposal At 30 Jun• 202$ 10.387 840 840 N•t book valu• At 30 June 2025 At 30 June 2024 4.200 11. TANG18LE ASSETS Flxtur••. fltting$ and IT Equlpm•nt Coit: Al 1 July 2024 Additions Disposals At 30 Jun• 2025 77,097 5,784 4,369 78.512 D•pr•clatlon: Al 1 July 2024 Charge for per#)d Eliminated on disposal At 30 June 2025 81.418 15,080 4,369 62,129 N•t book ¥alu• At 30 Jung 2025 AI 30 June 2024 16,383 25,679 2025 2024 12. DEBTORS Trade debtors Prepayments and income 77,983 91,461 169,444 56.629 72,546 129,175 20 SARACENS SPORT FOUNDATION ILIMITED BYGUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 13. CREDITORS 2025 2024 Amounts fallin9 du8 Wlthin ¢)ne year.. Trade creditor5 Amounts due lo connected company (Nole 191 Taxation and social securty Accruals and deferred income 4.488 4,148 31.872 48.238 88.746 11.825 2.352 25,125 53,883 93.185 14. LEASE COMMITMENTS AI 30 June 2025 the ￿rnpanY had lotal commitrrents undèr r￿