Charlty reglstratlon number 1090916 Company regl8tratlon nvmb8r 04312794 (England and Wales) SAINTS FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
SAINTS FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees M Abrahams R Jackson T Shaw P Bo&11 T Crouchèr A Gross E Young IAppoinlÈd 30 June 20221 (Appointad 30 June 20221 Charlty number 1090916 Company number 04312794 Reul$tèr•d offle• Sl Mary'5 Stadium 8rilanni8 R08d Southampton Hampshire S014 5FP Auditor Fiander Tovèll Limited Stag Gales House 63164 The Avènuè Southampton Hampshire S017 1XS
SAINTS FOUNDATION CONTENTS Page Truste65 report Independent audiloi's report Statement of fin8n81 acb'vilies B818nc8 sh88t 10 Slatsment ol c88h flows 11 Notes to th& financial stat¢ments 12-22
SAINTS FOUNDATION TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2022 The trustees pSellt their annual r8port and financial stalernents for the year ended 30 June 2022. The financial 5tstements have been prepared In accordance with the accounting policie5 881 out in note I to the fi'nancial slalemenls and comply with the charity's governing document. the Companies Act 2008 and 'Accounling and Reporting by Chaiitie5" Statement of Recommended Practi applicable lo charities preparing their accounts In ccordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. Obl•ctlv•8 and attivities for publ1¢ beneflt The charitable comp8ny is established for the promotion of community participation in healthy recreation for the benefit of children in full time education and disadvantaged adults residing In the county of Hampshire and other neighbouring aa$ by the provision ol fsuliti65 8nd opportunities for the playing of and18arning through football. The trustees confi'rrn that they have given careful consideration to the Charity Comrnis510n's guidance on public benefit when VIeWing the charity's sim5 8nd obj8Ctive5 for the year The trustees judge that all charitable activity msde meet5 this guidancE. Achlevements and p•rformanc• The 2021122 financial year was another successful year for S81nts Foundation. aided by a return to some kind of nom81ity post the prolonged Covid-19 pandemic. Overall, we are extremely proud ol how we dealt with the effects of the p8ndemic. both in regards lo how we continued lo support our participants at an ultimate tim8 of need. and also how we coped organisationally, with us now In our strongest ever fi'nancial position. Across the course ol the year our dedicated staff team continued to engag8 and inspire mole than 4.500 participants, ageLI from five to 96, aeross our city, ft)cusing on those that need our support the most. This was delivered via 16 different progr8mrnes. including a new project called 'Active Through Football., which supports adults living within inner city Southampton lo incregse their activty levels, encouraging 5USt8inable behaviour change. More generally, we continued to work with individuals and comrnunities across a broad thematic spectrum- fiom Inten51ve work with young people in primary and se¢ondary schools lo health arpd wellbeing sessions for isolated older adults. and many. many things in belween. Most importantly, from an oulcornes perspective our work has proven to be extMelY impadful. with Fnore than gOQA of our particip8nt8 reporting at bast one posity've outcome le.g. feelillg happier rnore often, b8ing more physically active, elcl. One major change saw us transfer responsibility for our 'FootbalS and Sports Development, IFSDI work, including the provision ol pant-fvded Soccer Schools. Coaching Cenlres and After School Clubs, lo Southampton Football Club from 1st July 2021 This was done for strategic reasons, with it pvIOuslY proving difficult lor tD b8lance our 'charitable' and 'commercial' work. particularfy from a messaging perspective. Whilst we 81ways knew this was going to prove a challenge from a financial pepectIVe, as this area of work traditionally made up around 20°h ol our overall ievenue. including msking a healthy surplus used to support more 'charilable' areas ol our operations, this has proved to be a sensible decision. with both us and the newly placed FSD thriving acr055 the remainder of the fi'nancial year. In terms of fundraising, it was great to be able lo start running in person event5 again, following a Iwo-year hiatus This included a hugely successful 'Saints Foundation Charity Dinner.. which yiekled more than £130,000, whi¢h was by lai and away our biggest ever total for one single event. In addition, we delivered a number ol smaller events. including a 'We March Together, pity walk and a 'Big Bike Challenge,. which took in a1120 Piemier L88gue stadiums, across the course ol eight days. Lastly, it was also a SucsSful year from a comms and marketing perspects"ve, with us using tsur own chann81s and those ol Southampton Football Club to lebrate our charity's 20th anniversary. including showca8ing the stories of a number of part4cipant5 who we have supported to oh3nge their lives for the better. This. combined with the continued success of many of our projects, has contributed to a growing reputation locally with 79D/ts of local people surveyed saying that they fell we positively impacted the local cornmunity, and us inciea8ingly becoming a 'go to, organisation for stakeholders.
SAINTS FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINLIED) FOR THE YEAR ENDED 30 JUNE 2022 Key Partnerships The charity's ongoing SU$8 is based on strong p8rtn8rships wrth a variety of Ioc818nd national stakeholders. Ilve receive funding and sUPPOrt from a number ol different sources, induding from Southampton FC, Premier League Charitable Fund, the Professional Footballers Assoclation, National Lottery Community Fund, Stsuthampton City Council, Police and Cnme Commissioner's Offi'¢e and Clinical Cornmi83ioning Gr0p, 8s well as Sn 8rray of I81 community groups, individuals and businesses. Additionally, most ol our projects are run in partnership with Ottrr charities and organisations. including schools, various local 8ulhoiity partners and Ioc81 community groups, all of whom are integral to the success of our dellvery model, and, most importantly. irnproving the outcomes for the young people and adults with whom we work. Flnanclal revlew During the year endin9 30 Jun& 2022 the chaiity reiVed income amounting lo £2,434,832 12021.. £2,316,279). R850u[S weie expended of £2,213,61812022' £2.389.4901. The 8urplus for the year of £221.21412021." deficit of £73,2111 has resulted in 8 C8sh outnow In the year of £7,420 due lo working capital movernents12021' cash oufflow of £34,591) and a surplus in unrestricted funds of £1.000,17812021.. £778,964). Thè year end cash position stood at £1,566,41012021." £1.573,8301 Golng Concem Whilst the 2021122 financial y8ai has not been without ils challenges operationally and financially, it proved far easier tts plan for and navigate than the previous Iwo yea15, which weie heavily affected by uncertainly caused by the Covid-19 pand8fflic. Largely we ieturned to normality both in project delivery, and other 8re88 of our operations. including our ability to fundraise. Stiong performan within that fundraisino space and good cost control, as well as some challengtrs around ietention and recruitment, saw u8 ffi8k8 a yeai-end surplus of £221,214 taking our overall free reserve to £1.000.178. The trustees have prepared an indicative budget to June 2025. which is deemed lo be entirely realistsc and achievable. This 5how5 the chaiity continuing lo not only operate as it does currently. but to develop and gFOW its activities whilst making a sm811 year-end surplus in In all three financial years. Given the ¢urrenl cost of living crisis and iisin9 inflation, this Includes budgeting for pay lis85 of c. 5% per annum for all full-time staff. Stress-lestino has Iso been performed against this budget lo dernonslrate the ability of th8 ch8rity to rneet its obligations as they fall due, even with unexpected reduction5 In income streams, including both grant funding and fundraising. In addition. th8 charity continues to benefit from the donation in kind of office space and certain support functions from Southampton Football Club 8nd consequently has a low base of administrative costs that are not directly related lo particular charitable activities. A new SeTvice Level Agreement beiween Saints Foundation and Southampton Football Club was sioned In summer 2022, rneaning that this same level of 8UPPOrt will continue for the fofeseeable future. Accordingly, the Iruslees are of the VI that thè tharrty has suffi'cient liquidity to continue lo operate in the 2022123 financi81 yeaf. and Indeed long into the future, and therefor8 con51d8r It appiopriat6 to continue to prepare thè financial statements on the going concern basis. We have worked hard over the past few years to grow our reserve pot, and as such find ourselves in our strongest ever financial positiori. This means that trustees dc> not feel that any rem8di81 action 15 currently necessary, as if for whatever reason we do m8ke 8 1085 in the year to 30th June 2023. we have a healthy reserve pot to fall back on. Fundraising Saints Foundation ale signed up to the Fundraising Regulatofs voluntary registration scheme and consider Ihetn5elves fully compliant with the guidelines 8$ Set out. Any new ifiitiatlV&5 are si9n8d off Ihiough the Head of Saint8 Foundation and Trustee board before comrnencing. and suwess is measured through explicit KPIS Ibolh financi81 and oper8tlOn811 as 58t out in our fundiaising strategy. During the financial year, no associated complaints wer8 received, and due to our main Method of fundraising being through the running of events, a bcal business patrons, club and th8 sab of items on Ouf eBay 8its. we are confident that no one will have felt under any undue psSUre lo support us.
SAINTS FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Re8erves Pollcy In accordan with Charity Cornmission guidelines the Iruslees consKler that the charity shoukj hokj re58rves to me&t approximately 6 months expenditure. The total ieserve8 of the company as at 30 June 2022 amovnl to £1.000,178 of which £4.706 is held In fixed assets. The Iruslees consider that the free serveS sufficiently cover approximately 6 month5 expenditure. Plans for future perlods As 81w8ys. our primary commitment is to ensure that we continue to SUPPDrt people 8cr05s the City ol Soulhampton, th a focus on reaching those that need our support the most. We will do that not only through making sure that our projects remain safe and relevant. bul also by continuing lo grow and diversify our income Streams to ensure that and our many projects- are sustainable long into the future. As wo11 as maintaining and 5tabilising our portfolio ol existing projects, the 2022123 financial y8ar will al80 See us launch arTrother three new programmes - namely 'Sain15 By Your Side,. a project supporting men's mental health. 'Advanlage', which will work with young people engaged ryth CAMHS and 'Saints Onside., which will support prisoners leaving HMP Winchester as they resettle within the local community. From fundraising per5P8Ctive. as well as running our only portfolio ol inits'ats"ves Ichgrity Dinner, Big Bike Challenge, etcl we ale Incre8singly looking to partner with key ¢ommerei81 institutions in the city, and as such wll run gala dinners in partnership with both Barratt & David Wilson Homes and DP World in late 2022. Lastly, ftir various reasons we decided to delay the18unch of our retr8sh8d strategy. which was originally planned for summer 2022. Instead, this will now18unch around February 2023. Structure, governance and managfrmont The company. which is a registered charity, is limited by gugrsntee and does not have any share capital. The liability of each member under guarantee does not exceed the sum of £1. It is governed by a Memorandum and Articles of Association. The trustees. who are also the 1clOrS for the purpose of comp8ny 18w, and who served during the year and up to the dale ol signature of the financial 5tsternents were.. M Abrahams R Jack50n T Shaw P Bolwell T Crou¢her A Gr05S E Young IApp01ntèd 30 Junè 20221 (Appointed 30 Juns 20221 Recrultmènt of Trustees The Board of trustees is responsible for appointing trustees who h8V8 to b8 nornin8ted 8nd elected al a Board meeting. Truatse Inductlon and Tralnlng The trustees have In place prOdureS for the Induction and training of trustees when required. Organl8atlonal Stru¢ture The trustees decide the long tem stralagy for th8 charitable company,. they set the budgets. review performance on 8 monthly basis utili5ing the resources of a Charity Management Accountant, supported by the SouthaTnpton Football Club Finance Department. instigating change when reouired. The trustees have appoint8d a H88d of the Charity. who runs the operatioris of the chantable compgny tsn behalf of the tfuslees. The Head of the Charity is assisted by a team ol staff dedicated to running the day to day oper8tions of Saints Foundation. The trustees lake advi and consider similar orgaTrisations when deciding the level ol senior rnanagernent pay.
SAINTS FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED FOR THE YEAR ENDED 30 JUNE 2022 Rlsk Management The trustees activety review the major risks whlch the ch&ritab16 company fa$ on a regular b8si8. The charitable company h8s developed systems to monitor and control these risks 8nd to manage any impact they may have on the charitable company's future. The syst8nis of internal ctsntrol to provide reasonable. bul not 8bsolute, 885urancè against material misstatement or loss. They include.. A 8ti8tegic plan and an annual budget approved by th& ttuste&5, Monthly management accounts which Show vaiianee from budget and re-lorecast anticipated r&sutts for th8 year. which ar8 ievi8w6rt by the trustees,. De18gation of authority and seggats.0Tr of duties.. and The loss of funding, non-performan against targets and fraud. stalamènt of trustees re$ponsibilitie8 The trustees, who are also the directors ol Saints Foundation for the purpose of company law, ar8 18sponsible for preparing the trijstees report and the financial 3tstements in accordan with applicable law and United Kingdom Accounting Standards IUnit8d KiTigdom Generalty A¢pted Accounting Practic&l. Company Law r8quiies the trustees to prepare financial ststements for each finaricial year which give a true and fair view ol the slate of affairs of the ch8rity and of the incoming resources and application of resources, including the income and expenditure, ol the charitable cornpany foi that year. In pparIng these financial st818m8nts, the trustees are required to.. select suit8bl& accounting polic$ and then apply them consi8t8ntly". observe the methods and principles in the Ch8rith"e5 SORP". make judgements and estimates that arè rtsasonable and prudent., and prepare the financial statements on the going concern basis unless it is inappropri8te to presume that the eharrty will ntInUe in operation. The Iruslees ar& responsible for keeping adequate accounting records that disclos& Wlth reasonable accuiacy at any time the financial posits'on of the charity and ensble them to ensure that the financial stslements comply with the Companies Act 2006. They a also responsible for safegarding the as5et5 of the charity and hen for taking reasonabb steps for the preVenOn and detection ol fraud and other irregularitses. Audltor Fi8ndei Tovell Limited were appointed as auditor to the charity and a ièsolution proposing that they be re-appointed will be put 8t 8 Gen8ral Meetln9.
SAINTS FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Dl8c108ure of Informatlon to audltor Each of the trustees has confirmed that there is no infomiats'on of which they are awar8 which is revant to th8 8udil, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The tfustees report was approved by the 8oard of trustées. M Abrahams
SAINTS FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SAINTS FOUNDATION Oplnlon We have audited the finanrial Statements of Saints Foundation Ilhe '¢harity'l for thg y8ar ended 30 June 2022 which comprise the statement of financial activities. the balance sheet, the statement ol cash flows and notes to the financial stalemenls. Including significant accounting policies. The financial ieporting tramework that has been 8pplied in their preparation is applicable law a[ United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Stondgrd applicable In the UK and Republic of Ireland (United Kin9dom Generally Acc@pt&d Accounting Practi1. In our opinion, th8 financial statements.. give a tru8 and fair view ol the stale ol the ch81itable cornpany's affairs as at 30 June 2022 arKI of its inc(>ming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Gtrnerally A¢pted Accounting Practice., and have been prepared In accordan with the requirements of th8 Cornpanitss Aet 20. Babls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAs IUKII and applicable law. Our re5ponsibililies under those stsndards are further described in the Auditor's Sponsibl111{8S for aijdit of the financial stat8m8nts section of our report. We are independent of the charity in accordan with the ethical requirements that a relevant to our audit of the financial statements in the UK, including thè FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities In accordan with these requirements. We beli8ve that the audit eviden we h8V8 obtainèd is sufficient and appropriate to providg a basis for our opinion. Concluslons relatlng to going cone¥m In auditing the financial s18tèmènls. we have concluded that the tru8t8es usè of the going concern basis ol accounting In the preparation of the financial statements is appropriate. Based on the worf( we have p8rfoimed, we have not identifi'ed any m3lerial uncert8intie5 relats.ng to events or ¢ondit50ns that, Individually or collectively. may cast significant doubt on the charity's ability to continue as 8 going Concern for a p8riod of 8t least twelve months from when the financial statements I aulhorised for issue. Our responsibilities and the responsibilities of the trustèes wrth respect to going concern are described in the relevant sections of this r8POrt. Other Information The other Iriformation comprises the inforfflation induded In the annual report other than the financial statetnents and our auditorfs ieptsrt thereon. The trustees are responsible foi the other Information contained within the annual port. Our opinion on the financial statements does not cover the olh6*r information and we do not express any form of assurance cor)dusion Ihereon. Our iesponsibillly is to read the other information and, In doing so, consider whether thè other Information is malÈrially incon515tent wth the financial statements or our knowledge obtained in the course Df the 8udit, or otherwise appears to be materially rnisstated. If we Klentify such material inconsistencies or apparent material mis$tat8m8nts, we are qUired to determine whether this gives ri58 to a material rnisstalement in the financial statements thernselves. If. b88ed on the work we have performed. we condude th8t there is 8 m8lerial misstaternent of this other Infomiation, we are required to r8POrt that fact. We h8ve nothing tts report in this regard. Matters on whlch we are requtred to roport by èxceptlon We have nothing to report in resp8ct of the following matters in relats'on to which th8 Charits'es (Accounts and Reports) Regulations 2008 require us lo report to you if. in our opinion.. the inftsrmation given in the financial Ststements is Inconsistent in any material respect with the trustees report-, 01 sufficient accounting records have not been kept". or the financial statements are not in agreement with the accounts'rKJ records,. or we have not reiVed all the information and explanations we require for our audit.
SAINTS FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SAINTS FOUNDATION Rèsponslblllties ol trusteès As explained more fully in the statemènt of trustees responsibilities, the tiustees. who are also the dirèctors of the ch8fity for the purpose ol etsmpany law, are responsible for the pr8paration of the financial statements and for being sgtisfi'ed that they give 8 true and fair view, and lor such internal control as the Iruslee5 determine is ne$Sary to enable th6 pr8par8tion of financial stalernents that are free from tn8terial misstatement, whelhei due lo fraud or error. In preparing the financial statements, the IIu5tees 81e responsible for asse58ing the ¢harily's ability lo continue as a going COnrn, disclosing, 88 spplicable, matters related to going ¢Onrn and using the going coneern basis of accounting unless the trustees either intend to liquidate the chantable comp8ny or to ase operations, or have no re81islio alternative but to do so. Audltor's responslbllltiès for the audF¢ of the flnanclal $tstements Vve have been appointed as auditor under section 144 01 the Charities Act 2011 and report in accordance with the Act and vant regulations made or having effect thereunder. Our objectives are lo obtain reasonable 8ssurance about whether the financial statements as a whole are free trom material rnisstalement, whether due lo fraud or etror, 8nd lo issue ari aud1torfs report that includes our opinion. Reasonable assurance is a high level of as5uranrÈ but is not a guarantee that an audit conducted in accordance th ISAS IUKI will aayS delecl a material mi8strtement when it eXiSts Misslatemenls can arise from fraud or error and are considered rnaterial if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our proeadur88 8re capable ol deleding irr8gularilies, including fvaud, is d8t8iled below. Extent to which the audlt was considtrrèd capable of delectlng Irr•gularitles. In¢ludlng fraud Our approach to identifying 8nd assessing the risks of material misstatem6nt in iespecl of 1rguIarrt1eS, including fraud and non-complian¢e with laws ond regulaty'ons, was as follows. the engagement partner ensured that the engagement team collectNely had the appropriate competencè, capabilitie5 8nd skills to identify or recognise non-complian with applicab laws and regulstlOn5. we Identifi'ed the laws and regulations applicab tts the company through discu5siorTrs with directors and other management, and ffom our commero81 knowledge and expenen. we focused on specific laws and iegulations which we eonsid6red may have a direct matèrial effect on the financial statements or the operations ol the cornpany, including the Cotnpanies Act 2C()6, taxation legislation, dsta protection. employment, enmronmenlal and health and $8fety legislation. wè assessed the extent of complianeE wrth the laws and regulations identified abov8 through making enquiries ol managetnent. We ass685ed the susceptibility of the company's financial statèments lo material misstatètn8llt. inclwliryJ obtaining n understanding ol hi)w traud rnighl occur. by.. making enquiries ol management as to where they considered there was suseeptibility to fraud. their knowledge ol actual, suspected and alleged fraud. considering the intern81 controls in pla to mitigate risks of fraud and non-complian with 18WS 8nd regulatsons. Audlt reBpon8e to rlsks Itlèntfjfied To addres5 the risk of fraud through mans98ment bias and overrKJ8 of controls. we. performed analytical procedures lo identify any unusu81 or unexpected relationships. tested journal entFies lo identify unusual tiansaclions. tested a sample of BACS payments to identify payments being rnade to unexpected bank accounts. performed transactional testing on p8yroll costs in respect of those employee5 With responsibility or authority in connection wth the payroll function. assessed whelhei judgements and assumptions made in determining the accounting estimstes were indicative of potential bias. investigated the ration8le b6hind significant or unusual trgnsactions.
SAINTS FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF SAINTS FOUNDATION In response to th8 risk of irregularit8 and ntsn-compliancts with law5 and regul8tions, w6 designed procedures which Included, but wefe not limited lo. agreeing financial 8t8tement disclosuies to undedying supporting documentation. enquiring ol management as to actual and potential lity'gation and claims. There are inherent lirnitstions in our audit proc8dur88 d8sciib8d 8bov8. Th8 more removed that laws and regulation5 are from financial transactions, the less likely it is that we would become aware ol n0compli8nc@. Auditing standards also limit th8 audit piocedurtss required tts Identify non-compliance with laws and regulations to enqLliry ol the directors and other management and the inspection of regulatory and legal corspondenCe. if any. Material misstatements that arise due to fraud can b8 haid6r to dètèet than those that ans6 from tsiior as they may Involve deliberate concealment or collusion. A further description of our responsibilFti88 Is 8v8i18ble on th6 Financial Rèptsrtlng Counal's website at." https'.11 www.Irc.Ofg.uklauditorsresponsibilities. This description fomis part of our auditorfs report. U88 ol our roport This report Is made solely to the charity's truste88, as a body, in 8ccord8nc8 with part 4 of th8 Charitl8s (Accounts and R8POrtsl Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's trustees those matters we are required to state to thern in an auditOl'5 report afid for no other purpose. To the fullest extent perfflitted by law, we do not a¢pt or assume re8ponsibility to anyone other than the charity and the ch81ity's trustee8 as a body, fur our audit work, for this report, or for the opinions we have formed. Andrew Jay ACA FCCA Isenlor St#tuttsry Audltorl for and on behalf of Flander Tovèll Llmota .12.J.anuary.2023 Chartered Accountants statutory Audotor Stag Gates House 63164 Th& Avenue Southatnpton Hampshire S017 1XS Fi8tKl&i Tovell Limited Is eligible for appointment as auditor ol the charity by virtue of ils eligibility foT appoinlrnent as auditor of 8 ¢omp8ny und8r $8Ction 1212 01 the Compani6s Act 2006.
SAINTS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2022 Unr•strlct•d R•strlctod funds 2022 Totsl Unr•strlet•d Rèstrlctsd funds fund8 2021 2021 Total 2022 2022 2021 Nots$ Income from.. Donations and legacies Charitable activities Other trading actiwties 803,499 313,256 319,688 803,499 1,311,645 319,688 680,8D7 548,524 121,007 680,807 1.514,465 121,007 998,389 965,941 Total rncome 1,436,443 998.389 2,434,832 1,350.338 965,941 2,316.279 8ndlture on: Raising funds 280,115 280,115 183,138 183, 138 Charit8b16 activbties 935,114 998,389 1,933.503 1,240.411 965,941 2.206.352 Total expendlture 1,215,229 998,389 2,213,618 1,423,549 965,941 2,389,490 Net Incomellexpendlturel for the yearl Net movement In fvnd$ 221,214 221,214 173,2111 173,2111 Fund balances at 1 July 2021 778,964 778,964 852,175 852,175 Fund balances at 30 Jun& 2022 1,000.178 1.000.178 778,964 778,964 The statement ol fi'nancial actiwts inducles all gains and losses COgniSe(l in the year. All inwme and expenditure derive from Continuing activities. The statement of financial acts'vities also complies with the requirements for an income and expencliture account undèr the Comp&ni6s Act 20(.
SAINTS FOUNDATION BALANCE SHEET AS AT 30 JUNE 2022 2022 2021 Notes Flxed assets Tangible assets 11 4.7( 14.679 Current a8set5 Debtors C8sh at bank and in hand 12 284.058 1,566,410 118.884 1,573.830 1,850,468 1,692,714 Credltors: amounts lalllng due wSthln one year 13 1854,9961 1928,4291 Net current 8S88ts 995,472 764,285 Totsl a88èts loss Current Ilabllitlgs 1.000,178 778,4 Ineome funds Unrestricted funds 1.000,178 778,964 1,1YJO,178 778,964 03 The financial statements were approved by the Trustees on ......... M Abrahams Trustee Company règlstratlon number 04312794 10-
SAINTS FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2022 2022 2021 Nots8 Cash flowB from operatlng activitie8 Cash absorbed by operations 18 11,7321 123.2741 Net Cash usèd In Investlng actlvltles Financlng a¢tlvltles Payment of obligations under financè1885es 15,6881 111.3?71 N•t eash uied in flnan¢lnp actlvltl¢8 15,6881 111.3171 Net decreagè In cash and cash equlvalents 17.4201 134,5911 Cash and c88h equivalents al beginning tsf year 1,573.830 1,608,421 Cash and cash •qulvalents 8t end of year 1,S66.410 1,573,830
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Accounting pollelès Charlty Informatlon Saints Foundation is a priva18 company limited by guarantee incorporated in England and wa$. The registered Offi is Sl Mary's Stadium, Brit8nnia Road, Southampton, Hampshire, S014 5FP. 1.1 A¢countlng eonventlon The financ4al slalements have been pr&pared in accordan with the charity's Igoveming documentl, the Companies Act 2006, FRS 102 "The Financial R&porting Standaid applicable in the UK and Republic of Ireland" I"FRS 1021 and the Ch81itses SORP "Accounting and Reporting by Charitiès. Statement ol Recommended Practice applicable to charit188 piepanng theii accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" (effective 1 January 20191. The 8rity Is a Public Benefit Entity as d8fin8d by FRS 102. The financial slalement8 are piepaied in sterling, which is the fun¢lion81 curr8ncy of the eharity. Monetary amounts in these financial statements are rounded io the neast £. The financial statements have been prepared under the historical cost convention. The principal accounting poli¢i&5 adopted a set out below. 1.2 Golng concern Al the lim& of approving the financial statements, th8 tIU5tees have a asonable expectation that the charity has adequate resourc88 to continue In operational existen for th& for6seeable future. Thus the trustees continuè to adopt the going concem basis of 8cctsunting in preparing the fi'nancial statements. 1.3 Charltabl& funds Unieslricted funds are availab18 for use at th6 diserets'on of the trustees in furth8r8n(* of their charitable objectives. Restricted funds are subject to specific conditions by donors 88 lo how thèy may be used. The purposes and uses of the iestricted funds are sel out in the notes to the financial statements. 1A Income All incorn8 is recognised in the statement of finan¢i818cts"vits'es when the conditions for ceipt have been met, the monetary value of the incoming resources can be me8sur8 with Sufficient liabilIty and there is reasonab assurance ol receipt. The following acctsunting policies are applied to in¢ome,' Income from charitable acttI?8 Income from charitable aelivitie$ represents incorne fvom the delivery of the charilrfs core projects. Th8 Income is 8¢counled foi on a CeiVable basis2. Incornino r850urc&s from servie level ageMentS are cognisecl on performance. Donatlon8 Donations represent cortrfun(Jing, donations from corporates and indivKJuals and those dedicating volun188f events lo th8 charity. whe services are provided at no cost, the value ol those servi$ are treated as a donation in kind with the iespèetivo cost charged to expenditure. Voluntary income indudes income from leg8ci85 that ale accounted for on notification by the personal psentatIVeS and the value ol the legacy can be measured reliably and the rèc6iPt ol that amount is probable.
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Aeeountlng ptsllcies IContlnu•dl Fundral$lng Fundraising incom6 represents the mon$ received from supporters ol the company fundraising events and arè sccounted for at the b'me of the event. The charity 0ratè$ a matchday lottery which is accounted for in line with the lottery accounts and an auction sit8 whieh iocogni8es in¢ome on settlement ol the bid. Stadium tours a accounted for in the period in whith the tours take pla. Interest Income Interest on funds held on deposit is included when re1vable and the amount can be measUd reliabty by the ch8rity, this is normally upon nolilication ol the inteie5t paid or payable by the bank. 1.8 Expenditure Resources expended. accounted for on Sn 8ccru815 basis, are 8IIoc8t6d bOtn costs of charitable expenditure and fundraising. Costs of ialsonp lunda These are costs which are directly related to the raising of voluntary doaOnS and grants 3nd publici5ing th8 activities of the charity. Costs ol charitablè actlvltleB Cost8 of chafitable activities include servi$ supplied Identifiable $5 wholly or rnainly in support of the charitable company's objectives. Dirèct costs are allocated against the activities ol the charity and support costs are apportioned on the basis ol staff numbers. 1.6 Tanglble fixèd a88ets All assets over £1,000 are capit81ised. Tangible fixed assets are Initially me8surod 8t Cts8t and sub5equ8rTrtly measured at cost or valu8tion. net of depffjc18on and any ifflp8iment108s8S. Depreciation is ConISed so a5 to write off the cost or valuab'on of 8SSèt$ less their residual values over Iheir useful lives on the following bases.. Plant and eqE5ipm8FTrI 3. 5 year strayht line Th8 gain or loss aiising on the disposal of an asset is determined as the dIffenCe between the sale proceeds and the carrying value ol the asset, and is iecognistsd In thts statarnent of financial activitie5. 1.7 Impalment of flxgd assets At each reporting end date, the charity rewews th& carryiNJ amounts of its iangibltr assèts to determine whether thèrè Is any indication that those assets have suffered an impairment Ios5. If any such indication exis15, the recoverab arnounl ol the asset is estimated in order to determine the extent ol the impairment loss lil any). 1.8 Ca#h and cash èquivaltntb Cash and cash equivabnts include cash in hand, d8P05It5 h8kl at call wth ballks, othei 5hort-lerrn liquid investments with origin81 maturities of three months or le8$. and bank overdrafts. Bank overdr8fts ale shown within borrowings in current liabilitpes. 13-
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Accounting pollcie8 Icontlnuedl 1.9 Flnanelal In6truments The charity has elected to apply thè provisions ol Section 11 'Basic Financial Instruments, and Section 12 'Oth8r Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial Instruments a reEognis8d in the eharity's balan sheet when the charity becomes party to the contractual prowsions of the instrument. Financial assets and liabilities are off88t, with the net amounts presented in the financi81 stalefflents, when there is a legally enfoiceable right to set off the recognised 8mounts and there is an intention lo settle on a nèt basis or lo realise the asset and sethe the liability simultaneously. Baslc flnanclal a$$ets Basic financial ass8ts. which Include debtors and cash 8nd bank balances, are initially measured 8t transaction pricè including transacts'on costs and Are subsequently carried at arnorti88d c081 using the Èffective interest method unle55 the arrangement constitutes a financing transaction, where the transaction is measured at the present v8lu8 of the future CeIptS discounted at a market r8te of 5nterest. Financial assets classified 88 receivable within one year are not amort15ed. 8a8le flnanclal Ilablll¢ies Basic financial liabilities. including creditors and bank loans are initially recognised at transaction pri unless the arrangement constitutes a financing tiansaction, where the debt instrument is measured al the present valuè of th8 future payments discounted at a mark8t rate of Interèst. Financial liabilities dassified as payab$8 within one year are not 8morti5ed. Debt in8trum8nts are subsequently carried at amortised cost, using the effective interest rate method. Trade cieditors are obligations to pay for goods or services that have been acquiied In the ordinary course ol operations from suppliers. Amounts payabl& ar8 clas51fied as turn1 liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inits'ally at tfaTrsactson price and subsequently measured at amortised cost using the effective interest rnethod. DerecognltlDn of flnanclal liabllltles Finan¢ial liabilit185 are derecognised when the ¢haity'5 Contiactual obligats'ons expire or are discharged or canlled. 1.10 Employee beneflts The cost ol any unused holKJ&y èntitlement is recognised in the period in which the empbyees services are receiv8d. Teiminatson benefits are re¢ognised immediately as an expense when the charity is demtsnstr&bly committed lo tertnin818 thè employment of an employe8 or to prowde termination benefits. 1.11 Retlrement benefit$ The charity operat&s a defined contribution plan for tis employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been mad8 th8 chaiity has no further payment obligatitsns. The contributions 8re recognised as an expense in the statements of financial actlVltie5 when they fall due. Amounts not paid are shown s¶tely as a liability in the balan sheet. Th8 8ssets of the plan are held separately troTn the eharity in the adrnini8tergd funds. 14-
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 JUNE 2022 A¢¢ountlng pollcl•s Icontlnuedl 1.12 Lea$e$ Whefe substantially all tsf the, risks 8nd rewards incidental to ownership of th8 lessed 88sel have been transferred to the charity. the asset is the lower ol thè fair value of the lease Property and the present value of the minimum lease payments payable over the term of the lease. The COrsPonding lease comtnilment is shown 8s a liability. Lease payments are analysed between Capital and interest. The interest element is charged to the statement of financial activities over the period of the lease and $ calculated so that rt repsentS a constant proportion ol the lèase liability. The ¢8pitsl element reduces the bal8ncè i)wed lo the le850r. crftieal accouDtlng 6stlmat•s and judgèments In the application of the charity's accounting policiès, the trustee$ are required lo make judgements, estimatès and 85SUmPtions al)out the [ryIng amount of assets and liabilities that are not readily apparent trorn other Sour$. The estimates and as80ciated assumptions are based on historic81 expernCe and other factors that are consid8red lo be relevant. Actual resu115 may differ frorn these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estirn8tes are recognise(l in the period in which the estimate is rewsed where the revision affects only that period. or in the period of the revision and ILrture periods where th6 MS1o 8ffects both current and lulure periods. There are not consKlered to be any k8y sour$ ol estimation uncertainty. Donation8 and legaclt8 Unre$¢rlcted Unreslrided fund$ funds 2022 2021 Don8tions and gifts Grant5 Donated good8 and 8ervice3 Furlough income 401.274 235,225 167,000 129.494 310.143 167.000 74,170 803,499 680,807 15
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 30 JUNE 2022 Charltable a¢tlvltl81 Choriioblo Income Coachlnll 2022 Charii•blè Ineom Even15 Total 2022 Ch•rftAble Income Coachlng 2021 Total 2021 In¢Dme Events 2022 2021 C08chino & other 19421 19421 324,771 324,771 Perform8nc& related grant5 1.312,587 1,312.587 1,189,694 1,189,694 19421 1,312.587 1,311,645 324,771 1,189,694 1,514,465 Analysis by fund Unreslricled funds Restricted funds 19421 314,198 998,389 313,256 998,389 324,771 223,753 965,941 548.524 965,941 19421 1,312,S67 1.311,645 324,771 1,189,694 1,514,465 Other trading aetlvltles Unr&strl¢ted UnrÈstricted funds funds 2022 2021 Auction site Fundraising events Sponsorship8 and social lotieries 64,937 231,959 22.792 47,175 48,840 24,992 Other trading activities 319,688 121.007 Coaching incom8 and adivitr'es ceased from 1 July 2021.
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 Ralslng funds Unrfrgtrfjctsd Unre8trlcted funds funds 2022 2021 Fundr81Sin nd ubli Membership schemes and social lotteries Staging fundiaising events Auction site staff ¢05ts Governan costs Support C08ts 162 132,338 9,961 128,953 934 7,767 20.349 15.842 119.918 26,969 Fundraising and publicty 280,115 183,138 Charltable actlvltles CharFt8ble ¢harltsblt Charltable Expenditur• Expenditure Expendlturv Projects Coaches Projects 2022 2021 2021 Total 2021 Staff costs Overheads Donations to local ch8rities & projects 1,511.758 243,378 473, 183 41.009 2.044 1,295,408 1.768.591 241.881 282.890 1,755.134 516,236 1,537,289 2.053.525 Share of support costs (see note 81 Share of governance costs158e note 81 159,233 19.136 23,164 12,796 116,867 140,031 12,796 1,933,503 552,196 1,654,156 2.206,352 Analysls by fund Unreslncled funds Re81ricted funds 935,114 998.389 552,196 688,215 965.941 1,240,411 965,941 1,933.503 552,196 1,654,156 2.206,352 17-
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2022 Support costs Support Governantè costs CO8t8 2022 Support Govarnanet costs costs 2021 Donated serViS 167,000 167,000 167,000 167,000 ALKlit fees Other goveinance costs 9,600 10,470 9,600 10,470 9.646 3,150 9,646 3,150 167,000 20,070 187.070 187,000 12,796 179.796 Analysed betrjeen Fundraising CharilabLe 8olivities 7,767 159,233 934 19,136 8,701 178,369 26.969 140.031 26,969 152,827 12,796 167,000 20.070 187.070 167.000 12.796 179,796 Governan costs indude3 payments to the auditors of £9,60012021". £9,646) lor audit fee8. Tru8teès None of the trustees lor any p8tsons connected with them) reiVed any remuneration or benefrts troffl the chaiily during the y8ai. 10 Employees Th8 average monthly numbef ol employe8s during the year was". 2022 Number 2021 Number Direct Adrninislration Part time coaches 47 19 Total 69 69 Employment costs 2022 2021 Wages and salaries Stscial security costs Other pension costs 1.462,275 132,020 46,414 1,704,128 141.747 42.634 1,640.709 1.888,509 18-
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 10 Employee8 Icontlnuedl Part lime coach88 numbers a basèd on full time equivalènts. Key management personnel include all senior managers across Saints Foundation, who together have authority and SponSIbility for plgnning, directing and controlling the activities of the ch8rity. Tha total compensation paid lo key management personnel for services provttled to the charity w88 £248,832 12021. £208,511). The nurnber ol employees whose annual remuneration was morè than £60.000 is as follows. 2022 Number 2021 Number £60,D01 10 £70,000 11 Tanglblè fixed a8$ets Plant 8nd equlpm•nt Cost At 1 July 2021 117,2B9 At 30 June 2022 117,289 Dèptsciation and Impalrmènt At 1 July 2021 Depreciation ch8ig8d in the year 102.610 9,973 AI 30 June 2022 112,583 Carrylng amount At 30 June 2022 4.706 At 30 June 2021 14,679 The net carrying value of tsngible fixed assets includes the following in respect of assets hèld UTTrder finance leases or hify purchase contrads. The depreciation chaige in respect ol such assets 8mounted lo £5.400 12021". £8,637) for the year. 2022 2021 Plant 8nd equipment 2,700 8,105
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 12 Debtors 2022 2021 Amounts falllng du8 wlthln one year= Trade d8bt015 Prepaym8nts and accrued incorne 42,015 242,043 53,278 65.606 284,056 118,884 13 Creilltor8.' amount5 falllng due wl¢hin ono year 2022 2021 Note$ Obligations undef finance leases other taxation atKI social security Dèferred in¢om Trade credit015 Other ¢r8ditors Accru815 3,198 31,219 366,967 7,115 264,781 181,736 8,886 38.027 492.020 21,192 330,869 37,435 14 854,996 928,429 14 Doferred Income 2022 2021 Othei deferred income 386,967 492,020 Deferred incorne Is Included in the finan1 statements as folsows. 2022 2021 Deferd incom8 is included within.. 366,967 492,020 Movements in the yeai.. Dtsfed income at 1 July 2021 Released frorn previou5 periods Resour5 def8ried in the year 492,020 1492,0201 366,7 368,241 1366,2411 492,020 Deferred Incotne at 30 June 2022 366,U67 492,020 Thè deferred income relates to project funding, courses and events duè tts take place in future peiiods. -20-
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2022 16 Retirement ben•fft schemes Dèfined contrlbutlon sehemes The charity operates a defined contribution penslon scheme for all qualifying employees. The assets ol thè scheme are held separately from those ol thè ch8rity in an independently 8dministere(I fund. Th6 charge to profit or ltsss in respect ol defined contribulion schemes was £46,41412021 _ £42,634). 16 R•strieted fund$ The income fund5 of the chaiity indLrde iestricled funds comprising the following unexpen(J8d balances of donation5 and grants held on trust for specific purpos8S". Movoment in funds Incvming Ragour¢e$ rgBourco8 Xpeded Movement In funds Incoming ReSOUTC•5 resources xponded Balance at 1 2021 30 June 2V22 Active ThroLJgh Football Community Charnptions Primary Stars Inspires Switching Play Sainls4Sport Kicks Core & Disability Saintsability Saints Works Targeted Saints Works Saints Works Corts Generation Gains Senior Saints Adive Through Sport PL Changemakers Open Access 7.500 235,538 145,635 68,781 39.836 54,716 185,484 9,540 15,342 25,000 15,358 24,961 138.250 17,5001 1235,5381 1145,6351 168.7811 139.8361 154,7161 1185,4841 19,5401 115,3421 125,0001 115.3581 124,9611 1138.2501 184,161 146,191 71.080 42.220 52,110 214,291 27,381 26,803 1184.1611 1146,1911 171,0801 142,2201 152,1101 1214.2911 127.3811 126.8031 31,449 131,4491 151.406 36,452 6.499 8,346 1151,4061 136,4521 16,4991 18,3461 965,941 1965.9411 998,389 1998.3891 17 Rèlated party transactfjon8 Southampton Footb811 Club is consKletyd to be 8 related party duè to its influence over the ch81ity. During the financial year, Southampton Football Club commilled donations of £110.593 12021. £20,048). A totsl of £98,29812021". £nill is included in prepayments & accrutd income 81 the year end. A payable balance of £253,39812021. £322,960) ha5 8fi5en from purchases from Southampton FoDlball Club and is included within crèditors falling due within on year at the year and. Southarnpton Football Club has provided administr8hve and other support with an estimated value of £167.00012021.. £167,000), this h88 been recognised as donations and squivant support cost. At th8 year end £nil12021". £nill was outstanding on the balance sheet. 21
SAINTS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 18 Cash generated from operntlons 2022 2021 Surpluslldoficitl for the year 221,214 173,2111 Adju8tsllents for.. DepatIon and impairm8llt of tangible fixed assets 9.973 13,745 Movem8nts in working capital.. Ilncreasel In debtois Incr&aselldecreasel In creditors ID8cE&seyinciease In def8rr8d income 1165,1741 57,308 1125,0531 19,6091 179.9781 125,779 Cash ab$orbed by operatlons 11.7321 123,2741 19 Analysis of Changes In net lunds Al 1 July 2021 Cash flow8 At 30 June 2022 Cash at bank 8nd in hand 1,573,830 17,4201 1,566.410 Obligations under finance18ases 18,886} 5.688 13.1981 1,564.944 11.7321 1.S63,212 -22-