2021-12-31-accounts - Kings Active Foundation

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Reference and Administrative Details	Reference and Administrative Details
Strategic Report
Trustees' Report			3to 5
Statement of Trustees'	Responsibilities
Independent Auditors'	Report		7to 10
Consolidated Statement of Financial		Activities
Consolidated Balance	Sheet		12
Balance Sheet			13
Consolidated Statement ofCash Flows			14
Notes to the Financial	Statements		15to 30

Chief Executive Office	Chief Executive Office	Chief Executive Office	Chief Executive Office
Mr R Holmes
lyustees
Mr D Taylor,		Chair
Mr GThompson
Mrs 3 Fardon
Mrs R Brown
Mrs C Buxton
Secretary						Mrs L Rands
Principal	and registered			office		Osborne	House
						47Snaithing		Lane
						Sheffield
						5103LF
The charity		is incorporated			in England and Wales.
Company	Registration			Number		5099069
Charily Registration			Number			1105460
Scotgsh Charffy Number						SC043119
Sogcltors						Knights pic
						Commercial		House
						14Commercial			Street
						Sheffield
						Sl 2AT
Bankers						Lloyds Bank		pic
						Church Street
						Sheffield
						Sl 1HP
Auditors						Landin Wilcock			8.Co
						Chartered	Accountants			A Registered	Auditors
						68Queen	Street
						Sheffield
						Sl 1WR

Strategic Report for the Y	Strategic Report for the Y	ear Ended 3	ear Ended 3	ear Ended 3	ear Ended 3	1 December 2021	1 December 2021	1 December 2021	1 December 2021
The trustees, who are directors for the purposes of company		law, present				their strategic report				for the year ended 31
December 2021, in compliance with s414C ofthe Companies			Act 2006.
Achievements and performance
Key non-financial performance indicators
The charitable group uses the following as measures ofsuccess:
- Child activity hours
—Health and safety data
-Independent parent reviews
—Leaders trained
-Membership data
-Staff and volunteer performance evaluations
-Values and beliefs
Going concern
The trustees consider that there are no material	uncertainties		about	the		Charities' ability to continue						as a going		concern.
Financial review
The charity had a very successful financial year	after the previous year's					Covid-affected losses, with						a net profit of 6370.763,
and reserves ot E686134. Reter to the Achvity Report in the		trustees'		Report.
Plans for the future
As part of our annual review and planning process, we' ve		agreed an			overall 2022 goal of staying						true		to our vision and
mission as we grow by 102k Within this goal we'	ve agreed	six	specific		objectives:
1. Ensure Kings Camps thrives
2. Satisfy Royal Navy contract and other third-party			contracts
3. Make franchising a reality
4, Create future international development model
5. Strengthen team
6. Financial growth
More speafically, these objectives mean.
Increasing the number of children benefitting	from attendance on				our camps by				restoring	capacities back to pre-
Covid levels and increasing the number ofweeks and venues
Delivering contracts and grants including our	partnership	with the		RNRMC, and our commitment								to	more young Carers
attending camps on subsidised places —we will	ensure the	desired impacts						will be delivered		for beneficiaries and that our
funding partners are happy with the progress of our delivery
Providing more subsidised places via our Supporting Families Programme,								to make a difference			to the lives of children
from a range of difficult or disadvantaged family circumstances, including							financial		hardship,	terminal			illness, bereavement
and other challenging family situations. We will	ensure that	the process				for awarding			these places		is robust and equitable
Continuing to explore partnerships with local	organisations		to deliver			Holiday and			Food programmes				to disadvantaged
children
Recommencing our commitment to children	in developing		nations		in order to progress our vision							of	a world	where
children love being active. We will reconnect with trusted		international				partners who we have worked							with previously
— Strengthening our staff team after significant	reductions	in	numbers		during			Covid	to enable us to deliver our					objectives
and growth plan
Continuing our focus on the importance of safeguarding		across all			ofour			work by strengthening				our	team's	awareness
and knowledge of policy and practice
Principal risks and uncertainties
The trustees monitor the organisation disk register	and are committed				to	ongoing updates, ensuring						the highest		standards	of
management ofthe charity for ak its stakeholders.
The strotegic report was approved by the trustees ofthe charity on!~.l~.!........and signed ..C..~m....										on its		behalf by:
Mrs C Buxton
Trustee

		Note	Unrestricted funds	Resiricted funds	Total 2021
			E	E
Income and Endowments	from:
Donations and legacies			306		306
Grants received			49.630		49,630
Chadtable activities			2,180,595	244,150	2,424,745
Investment income			102		102
Income from other trading	activities		51,333		51,333
Total Income			2,281,966	244,150	2,526,116
Expenditure on:
Raising funds			(22,173)		(22, 173)
Charitable activities			2,027,560	105,620	2,133,180
Total Expenditure			2,049,733	105,620	2,155,353
Net income/(expenditure)	for the year		232,233	138,530	370,763
Transfers between funds			244,282	244,282
Net movement in funds			476,515	(105,752)	370,763
Reconclgatlon otfunds
Total funds brought forward			163,619	152,752	316,371
Total funds carried forward		18	640,134	47,000	687,134
		Note	Unrestricted funds	Restricted funds	Total 2020
			E		f
Income and Endowments	from:
Donations and legacies			8,678		8,678
Grants received			I91,948		191,948
Chaditable activities			733,837	78,397	812,234
Investment income			1,255		1,255
Income from other trading	activities		105,637		105,637
Total Income			1,041,355	78,397	1,119,752
Expenditure on:
Raising funds			(99,904)		(99,904)
Charitable activities			(1,347,386)	l41,034)	i1,388,420)
Total Expenditure			1,447,290	41,034	1,488,324
Net income/(expenditure)	for the year		(405,935)	37,363	(368,572)
Transfers between funds			115,389	115,389
Net movement in funds			(521,324)	152,752	(368,572)
Reconcgiatlon offunds
Total funds brought forward			684,943		684,943
Total funds carried forward		18	163,619	152,752	316,371

				Note	Total 2021	2020
					5
Fixed assets
Tangible assets				11	32,655	53,384
Investments				12	367	367
					33,022	53.751
Current assets
Stocks				13	25,218	38,999
Debtors				14	98,471	112,182
Cash at bank and		in	hand		703,960	462,232
					827,649	613,413
Creditors: Amounts		faglng due within one year		15	(I73,537)	(350,793)
Net current	asseh				654,112	262,620
Net assets					687,134	316,371
Funds ofthe	group:
Restricted income		funds			47,000	152,752
Unrestricted	funds
Unrestricted	general		funds		640,134	163,619
Total funds					687,134	316,371

				Note	Total 2021	2020
Fixed assets
I'angible assets				11	32,655	53,384
Investments				12	369	369
					33,024	53,753
Current assets
Stocks				13	25,217	38,999
Debtors				14	88,624	106,649
Cash at bank and		in hand			701,858	457,252
					815,699	602,900
Creditors: Amounts			falling due within ane year	15	(190,749)	(346,015)
Net cunent	assets				624,950	256,885
Net assets					657 974	310638
Funds ofthe	group:
Restricted income		funds			47,000	152,752
Unrestricted	tends
Unrestricted	general		funds		610,974	157,886
Total funds				18	657,974	310,638

			Note	2021	2020
					E
Cash flows from operating activities
Net income				370,763	(368,572)
Adjustments to cash flows from	non-cash	Items
Depreciation				29,615	39,780
Investment income				(102)	(1,255)
Loss on disposal of tangible fixed assets					1,749
				400,276	(328,298)
Working capital adjustments
Decrease/(increase) in stocks			14	13,781	(24,669)
Decrease in debtors			15	13,711	87,000
Increase/(decrease) in creditors			16	( I//, 25/)	148,041
Net cash flows from operating	activities			250,511	117,926
Cash flows from Investing activities
Interest receivable and similar	income			102	1,255
Invested in current asset investments Purchase oftangible fixed assets Net cash flows from investing activities			12	~8,885 ~8.783	350,000 ~18.034 333,221
Net increase in cash and cash	equivalents			241,728	215,295
Cash and cash equivalents at	I January		21	462,232	246,937
Cash and cash equivalents at	31 December		21	703,960	462,232

Donations	from individuals
Grants
Coronavirus	Job Retention Scheme grant

Unrestricted funds	Restricted funds	Total		Total
General	Income	2021		2020
E	E	E		E
306			306	8,678
2,470		2,470
47.160		47,	160	191,948
49936		49	936	200 626

Unrestricted funds	Restricted funds	Total	Total
General	Income	2021	2020
E		E
2,180,595	244,150	2,424,745	812,234
2 180595	244 150	2,424,745	812234

Unrestricted	Restricted
funds	funds	Total	Total
General		2021	2020
R			E
51.333		51,333	105,637

			Activity undertaken directly	Activity support costs	Total 2021		Total 2020
			R	R
Sports camps	UK		1,235,563	890,922	2,126,485		1,378,111
Overseas charitable		activities	648	47		695	4309
			1.236,211	890969	2 127	180	I 382420

Charitable act	ivities exp	enditure
				Basis of allocation	Unrestricted funds	Restricted funds	Total	Total
					General		2021	2020
					E	B	E	E
Premises costs				Usage	151,559		151,559	111,611
Wages and salades				Usage	622,902		622,902	632,136
Staff welfare and training				Usage	8,507		8,507	7,708
Pdnting, postage and stationery				Usage	2,683		2,683	2,072
Motor and travel				Usage	38,286		38,286	27,770
Legal and professional				Usage	22,995		22,995	32,605
Bank charges				Usage	14,422		14,422	11,189
Depreciation	and loss on disposal			Usage	29,615		29.615	41,529
					890969		890,969	866 620
Support costs	allocated	to charitable	activities
					Basis of allocation	Sports camps UK	Overseas charitable activities	Total 2021
Legal costs					Usage	22,995		22,995
Staff costs					Usage	622,902		622,902
Premises costs	including	depreciation			Usage	181,174		181,174
Other support	costs				Usage	63,851	47	63,898
						890,922	47	890,969
					Basis of allocation	Sports camps UK	Overseas charitable activities	Total 2020
Legal costs					Usage	32,605		32,605
Staff costs					Usage	632,136		632,136
Premises costs including		depreciation			Usage	153,140		153,140
Other support	costs				Usage	48,649	90	48,739
						866530	90	866,620

Governance costs
		Unrestricted	Restricted	Total	Total
		funds	funds
		General	Income	2021	2020
		E	E	E
Audit fees		6000		6000	6000
7 Net Incoming/outgoing	resources for the year include:

2021	2020
E	E
29,615	41.529

The aggregate	payroll costs were as follows:
		2021	2020
			E
Staff costs duding the year were:
Wages and salaries		1,157,535	823,158
Social security	costs	70,536	60,297
Pension costs		64,530	38,051
		1,292,601	92'1.506

The monthly average num year expressed as full-time	ber of persons (incl equivalents was as	uding senior management team) employ follows:	ed by the	group	during	the
			2021		2020
Head office				16		24
Camp				86		49
				102		73
The number of employees	whose emoluments	fell within the following bands was:
			2021		2020

880,001 - 290,000
10 Auditors' remuneration

				2021	2020
				E	E
Audit	ofthe financial statements			6,000	6,000
Other	non-audit	services	—payroll	5,841	4,834
				11,841	10,834

~Grou
Cost
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
Atl January 2021
Charge for the year
Eliminated on disposals
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020

Charl
Cost
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge forthe year
Eliminated on disposals
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020

Furniture and eauipment	Sports equipment	Total
R
239,197	127,748	366,945
5,668	3,217	8,885
244,865	130,965	375,830
202,102	111,459	313,561
15,268	14,346	29,614
217,370	125,805	343,175
27,495	5,160	32,655
37,095	16,289	53,384
Furniture
and eauipment	Sports equipment	Total
E
239,197	127,748	366,945
5,668	3,217	8,885
244,865	130,965	375,830
202,102	111459	313,561
15,268	14,346	29,614
217,370	125,805	343,175
27,495	5 160	32,655
37,095	16,289	53,384

~Grou
	2021	2020
	f	f
Other investments	367	367
Other investments
	Listed investments	Total
Cost or Valuation
At 1 January 2021	367	367
At 31 December 2021	367	367
Net book value
At 31 December 2021	367	367
At 31 December 2020	367	367

~Chart
				2021	2020
				f	f
Shares	in group undertakings	and participating	interests	2	2
Other	investments			367	367
				369	369
Shares	in group undertakings	and pakicipatlng	interests
				Subsidiary undertakings	Total

Cost	Cost
At	1 January	2021
At	31 December 2021

Ot	her investments
		Listed investments	Total
Cost or Valuation
At	1 January 2021	367		367
At	31 December 2021	367		367
Net book value
At	31 December 2021	367		367
At	31 December 2020	367		367

					Proportion
Undertaking			Country of incorporation		voting rights and shares	Principal activity
					held
						The
The King's Foundation Limited f03145498)	Professional	Services	England and Wales	Ordinary shares	100/o	provision of services to the
						childcare

		Group		Chadity
		2021	2020	2021	2020
		E	E	E	E
Trade	debtors	10,057	5,657	210	124
Other	debtors	88,414	106,525	88,414	106,525
		98,471	112,182	88.624	106,649

15 Creditors: amounts laging due within one yea	r
	Group		Charity
	2021	2020	2021	2020
	E	E	E
Trade creditors	47,905	64,454	47,905	63,959
Due from group undertakings			23,138	3,583
Other taxation and sooal secunty	20,466	16,110	18,740	12,444
Accruals	105,166	270,229	100,966	266,029
	173,537	350,793	190749	346.0]5

Other financial commitments Premises rent 8car lease
	Group		Charity
	2021	2020	2021	2020
	E	E	K	E
Not later than one year	62,811	57,001	62,811	57,001
Later than one year and not later than five years	212,996	193,314	212,996	193,314
Over five years	83,125	130,625	83,125	130,625
	358932	380,940	358 932	380.940

~Grou
							Balance at
			Balance at I January 2021	incoming resources	Resources expended	Transfers	31 December
							2021
							E
Unrestricted	general	funds	163,619	2,281,966	(2,049.733)	244,282	640,134
Restricted	income	funds	152,752	244,150	105,620	244,282	47,000
			316,371	2,526 116	2,155353		687.134
							Balance at
			Balance at 1 January 2020	Incoming resources	Resources expended	Transfers	31 December
							2020
							f
Unrestricted	general	funds	684,943	1,041.355	(1,447,290)	(115,389)	163,619
Restricted	income	funds		78,397	41,034	115,389	152,752
			684.943	I 119.752	1.488.324		316.371
Charl
							Balance at
			Balance at 1 January 2021	Incoming resources	Resources expended	Transfers	31 December
							2021
							E
Unrestricted	general	funds	157,886	2,236,366	(2,027,560)	244,282	610,974
Restricted	income	funds	152,752	244,150	105,620	244282	47,000
			310,638	2,480,516	2,133,180		657.974
							Balance at
			Balance at 1 January 2020	Incoming resources	Resources expended	Transfers	31 December
							2020
							E
Unrestricted	general	funds	569,976	1,050,685	(1,347,386)	(115,389)	157,886
Restricted	income	funds		78,397	41,034	115,389	152.752
			569,976	1,129,082	1,388,420		310.638

Garou
		Unrestricted	Restricted
		funds	funds
		General		Total funds
		E		E
Tangible	fixed assets	32,655		32,655
Fixed asset investments		367		367
Current	assets	780,649	47,000	827,649
Current	liabilities	173,537		173,537
Total net assets		640,134	47,000	687 134
Charily
		Unrestricted	Restricted
		tends	funds
		General		Total funds
		f		E
Tangible	fixed assets	32,655		32,655
Fixed asset investments		369		369
Current	assets	768,699	47,000	815,699
Current	liabilities	190,749		190,749
Total net assets		610,974	47,000	657 974

~Grou
			At 1 January 2021	Cash flow	At 31 December 2021
			E	E	E
Cash	at bank and	in hand	462,232	241,728	703,960
Cash	and cash equivilents		462 232	241 728	703960