2022-12-31-accounts - Kings Active Foundation

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				The King's Foundation
				Contents
Reference and Administrative			Details
Strategic Report
Trustees' Report					3to5
Statement of	Trustees'	Responsibilities
Independent	Auditors'	Report			7to 10
Consolidated	Statement of Financial			Activities
Consolidated	Balance	Sheet
Balance Sheet						13
Consolidated	Statement ofCash Flows					14
Notes to the	Financial	Statements			15	to 30

Mr R Holmes	Mr R Holmes	—Chief Executive Officer (resigned 31 May	—Chief Executive Officer (resigned 31 May	—Chief Executive Officer (resigned 31 May	—Chief Executive Officer (resigned 31 May	—Chief Executive Officer (resigned 31 May	2023)	2023)
Mr Andrew		Busby —Interim			Chief Executive Officer (appointed			31 May 2023)
Mrs Lynda	Rands —Interim Chief Finance Officer (appointed							31 May	2023)
Trustees
Mr D Taylor,		Chair
Mr G Thompson
Mrs 3 Fardon
Mrs R Brown
Mrs C Buxton
Secretary						Mrs L Rands
Principal and registered				office		Osborne House
						47 Snaithing	Lane
						Sheffield
						5103LF
The charity	is incorporated				in England and Wales.
Company	Registration			Number		5099069
Charity Registration			Number			1105460
Scofflsh Charffy Number						SC043119
Solicitors						Knights pic
						Commercial	House
						14Commercial		Street
						Sheffield
						Sl 2AT
Bankers						Lloyds Bank	pic
						Church Street
						Sheffield
						SI IHP
Auditors						Landin Wilcock		6,Co
						Chartered Accountants			3,Registered	Auditors
						68Queen Street
						Sheffield
						Sl IWR

The trustees, who are directors for the purposes	The trustees, who are directors for the purposes	of company	law. present their strategic report for the year ended 31	law. present their strategic report for the year ended 31
December 2022, in compliance	with s414C of the Companies		Act 2006.
Achlevemenb and performance
Key non-linonciol perfwmance	indicators
The charilable 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 materiiai	uncertainties	about the Charities'	ability to continue asa gaing concern.

Financial review
Ihe charity had a very successful financial year	after the previous year's Cavid-affected losses, with a net prafit of
0170.121,and reserves ofB!57,255. Refer to the	Activity Report in the Trustees' Report.
Investments
Trust monies requiring investment may be invested in the purchase afsuch stocks. funds, shares, securities orother
investments at the Trustees discretion.
Plans for the future
As part of our annual review and planning process, we' ve agreed an overall 2023goal of staying true to aur vision mission as we grow by 10%. Within this goal we've agreed six specific abjectives:			and
1. Ensure Kings Camps thrives
2. Satisfy RoyalNavy contract and other third-party contracts
Make franchising a realty
4. Create future international development model
5. Strengthen team
6. Financial growth
More specriicariy, these objectives mean:
- Increasing the number of children benefitting	from affendance on our camps by restoring	capacifies 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	far beneficiaries and	that our
funding partners are happy with the progress ofour delivery
- Providing more subsidised places via our Supporting Families Programme, to make a difference to the lives of children
from a range of difficult ordisadvantaged family circumstances, including financial hardship,		terminal illness, bereavement
and other challenging family situations. We will	ensure that the process far awarding these places is robust and equitable
Continuing ta explore partnerships with local	organisations to deliver Holiday and Food pragrammes to disadvantaged
children
- Recommencing our commitment to children	in developing nations in order to progress our	visian ota world where
children love being active. We will recannect with trusted internalional 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 ofsafeguarding across af ofour work by strengthening our team's awareness
and knowledge of policy and prackce

As part of	an audit in accordance with ISAs (UKl.we exercise professional iudgement and maintain professional sceptimsm
throughout	the audit. We also:
	Identify and assess the risks of mateiial misstatement ofthe knancial statements, whether due to fraud or error,
	design and perform audit procedures responsive to these risks. and obtain audit evidence that is sufficient
	and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting
	from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional
	omissions, misrepresentations, orthe override of internal control.
	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
	appropriate in the circumstances, but not for the purpose of expressing an opinion an the effectiveness ofthe
	group's internal control.
	Evaluate the approprrateness ofaccounting policies used and the reasonableness ofaccounting estimates
	and related disclosures made by the trustees. material
	uncertainty
	Conclude on the appropriateness of the trustees use ofthe gning cnncern hnsis nf nor.niinting nnd, hnsed
	on the audit evidence obtained, whether a exis related to events ar conditions that
	may cast significant doubt on the group's ar the parent chantable campany's ability to continue as a going
	concern. Ifwe conclude that a material uncertainty exists, we are required ta draw attention in our auditor's
	report to the related disclosures in the financial statements or. if such disclosures are inadequate. Io modify
	our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report.
	However, future events or conditions may cause the group orthe parent charitable company ta cease to
	continue as a gaing cancem.
	Evaluate the overall presentation, structure and content of the financial statements. including the disclosures,
	and whether the financial statements represent the underlying transactions and events in a manner that
	achieves fair presentation.
	Obtain suffiaent appropriate audit evidence regarding the financial information of the entities or business
	activities within the group to express an opinion on the financial statements. We are responsible forthe
	direction, supervision and performance ofthe group audit. We remain solely responsible foracr audit opinion.
We communicate with those charged with governance regarding. among other matters, the planned scope and timing of
the audit	and significant audit findings. including any significant deficiencies in internal control that we identify during our
audit.

		Note	Unrestricted funds	Restricted fundsf	Total 2022 E
Income and Endowments	from:
Donations and legacies			151		151
Grants received			5,710	217,160	222,870
Charitable activities			2,446,371	230,780	2,677,151
Investment income			2,165		2,165
Income from other trading	activities		34,798		34,798
Total Income			2,489,195	447,940	2,937,135
Expenditure on:
Raising funds			(8,269)		(8,269)
Charitable activities		5	2,599,526	159,219	2,758,745
Total Expenditure			2,607,795	159,219	2,767,014
Net income/[expenditure)	for the year		(«8,600)	288,721	170,121
Transfers between funds			335,721	335,721
Net movement in funds			217,121	(47,000)	170,121
ReconciRation offunds
Total funds brought forward			640,134	47,000	687,134
Total funds carried forward		19	857,255		857255
		Note	Unrestricted funds	Restricted funds	Total 2021
			E	E	E
Income and Endowments	from:
Donations and legacies			306		306
Grants received			49,630		49,630
Charitable 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
Expendilure 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
ReconciRation offunds
Total funds brought forward			163,619	152,752	316,371
Total funds carried forward		19	640,134	47,000	687,134

				Note	Total 2022	2021
					R
Fixed assets
Tangible assets				11	62,779	32,655
Investments				12	367	367
					63,146	33,022
Current assets
Investments				13	600,000
Stocks				14	32,250	25,218
Debtors				15	117,201	98,471
Cash at bank and in			hand		360,547	703,960
					1,109.998	827,649
Creditors: Amounts		falling due within one year		16	(315,890)	(173.537)
Net cunent	assets				794,108	654,112
Net assets					857254	687 134
Funds ofthe	group:
Resiricted income funds						47,000
Unrestricted	funds
Unrestdcted	general		funds		857,254	640,134
Total funds				19	857,254	687,134

			Note	Total 2022	Total 2021
					B
Fixed assets
Tangible assets			11	62,779	32,655
Investments			12	369	369
				63,148	33,024
Current assets
Investments				600,000
Stocks			13	32,250	25,217
~ebtors			14	114,504	88,624
Cash at bank and in hand				349,352	701,858
				1,096,106	815,699
Creditors: Amounts		falling due within one year	15	(328,530)	(190,749)
Net cunent	assets			767,576	624,950
Net assets				830,724	657,974
Funds ofthe	group:
Restricted income funds					47,000
Unrestricted	funds
Unrestricted	general	funds		830,724	610,974
Total funds			19	830,724	657 974

			Note	2022		2021
				E		E
Cash flows from operating activities
Net income				170,121		370,763
Adjustments to cash flows from	non-cash	items
Depreciation				36,032		29,615
Investment income Loss on disposal oftangible fixed assets				(2, 165) ~1,651		(102)
				202,337		400,276
Working capitol adjustments
Decrease/(increase) in stocks			14	(7,033)		13,781
Decrease/(increase) in debtors			15	(18,730)		13,711
Increase/(decrease) in creditors			16	142,352		(177,257)
Net cash flows from operating	activities			318,926		250,511
Cash flows from investing activities
Interest receivable and similar	income			2,165		102
Invested in current asset investments				(600,000)
Purchase of tangible fixed assets			12	(66,155)		(8,885)
Sale of tangible fixed assets				1,651
Net cash flows from investing activities				662,339		8,783
Net increase in cash and cash	equivalents			(343,413)		241,728
Cash and cash equivalents at	I January		21	703,960		462,232
Cash and cash equivalents at	31 December		21	360549	.	903.960

		Unrestricted	Restricted	Total	Tolal
		funds	funds
		General	Income	2022	2021
		E	E	E	E
Donations	from individuals	151		151	306
Grants		5,710	217,160	222,870	2,470
Coronavirus	Job Retention Scheme grant				47,160
		5.861	217,160	223,021	49,936

Unrestricted	RestrIcted	Total	Total
funds	funds
General	Income	2022	2021
E	E	E	E
2,446.371	230.780	2,677,15 1	2,424,745
2446,371	230,780	2,677 151	2,424.745

Unrestricted	Restricted	Total	Total
funds	funds
General		2022	2021
E		E	E
34,798		34.798	51,333

			Acflvgy undertaken directly	support cosh	Total 2022	Total 2021
			5	5
Sports camps	UK		1,579,011	1,134,734	2,713,745	2,126,485
Overseas chadtable		activities	38,349	50	38,399	695
			1617360	1134784	2752144	2127180

Charitable activities expenditure
	Basis ot allocation	Unrestricted funds	Restricted funds	Total	Total
		General		2022	2021
		E		E	B
Premises costs	Usage	218,332		218,332	151,559
Wages and salaries	Usage	782,429	4.171	786,600	622,902
Staff welfare and training	Usage	9,357		9,357	8,507
Printing, postage and stationery	Usage	4,771		4,771	2,683
Motor and travel	Usage	33,261	1,296	34,557	38,286
Legal and professional	Usage	30,481		30,481	22,995
Bank charges	Usage	16,306		16,306	14422
Depreciation and loss on disposal	Usage	34.380		34,380	29,615
		1 129,317	5.467	1,134.784	890.969

Support costs allocated	to charitable activities
		Basis ol aBocatlon	Sports camps UK	Overseas charitable activities		Total 2022
Legal costs		Usage	30,481			30,481
Staff costs		Usage	782,429			782,429
Premises costs including	depreciation	Usage	252,712			252,712
Other support costs		Usage	63,645		50	63,695
			1,129.267		50	1,129317
		Basis of aBocalion	Sports camps UK	Overseas charitable actlvlBes		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

The aggregate payroll costs were as follows:
	2022	2021
		E
Staff costs during the year were:
Wages and salaries	1,382,022	1,157,535
Social security costs	78,323	70,536
Pension costs	49,537	64,530
	1,509,882	1,292,601

year expresse	d	as full-time	equival	ents was as	follows:
							2022	2021
Head office							21	16
Camp							140	86
							161	102
The number of		employees	whose	emoluments	fell within the following	bands was:
							2022	2021
E80,001 - 290,000
No employees		received employee		benefits of	more than 260.000.
10 Auditors'	remuneration
							2022	2021
							f.
Audit of the financial statements							6,600	6,000
Other non-audit		services - payroll					5,575	5,841
							12,175	11,841

~Grou
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At I January 2022
Charge for the year
Eliminated on disposals
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021

Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Eliminated on disposals
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021

Motor vehicles	Furniture and equipment	Sports equipment	Total
	244,865	130,965	375,830
21,168	24,353	20,634	66,155
	161,797	102,202	263,999
21,168	107,421	49,397	177,986
	217,370	125,805	343,175
5,292	19,945	10,795	36,032
	161,797	102,202	263,999
5,292	75,518	34,398	115,208
15,876	31,903	14,999	62.778
	27,495	5,160	32,655
Motor vehicles	Furniture and equipment	Sports equipment	Total
	244,865	130,965	375,830
21,168	24,353	20,634	66,155
	161,797	102,202	263,999
21,168	107,421	49,397	177,986
	217,370	125,805	343,175
5,292	19,945	10,795	36,032
	161,797	102,202	263.999
5,292	75,518	34,398	115,208
15876	31 903	14999	62.778
	27,495	5,160	32,655

~Grou	~Grou
		2022	2021
		E	6
Other investments		367		367
Other investmenls
		Listed	Total
		Investments
		E	6
Cost or Valuation
At	I 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

				2022		2021
				E		E
Shares	in group undertakings	and participating	interests		2		2
Other	investments				367		367
					369		369
Shares	in group undertakings	and participating	interests

Subsidiary undertakIngs	Tot	I
E	E

Cost
At 1 January 2022
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021

Ot	her Investments
		Listed Investments	Total
		E	E
Cost or ValuatIon
At	1 January 2022	367		367
At	31 December 2022	367		367
Net book value
At	31 December 2022	367		367
At	31 December 2021	367		367

			Proportion
Undertaking	Counlry of incorporation	Holding	voting rights and shares	Principal aciivlty
			held
				The provision
The King's Foundation Professional Services Limited (03145498)	England and Wales	Ordinary shares	100%	ofservices ta the childcare and leisure
				sectors

15	Debtors
			Group		Charity
			2022	2021	2022	2021
			f	8	f	f
Trade debtors			4,292	10,057	1,595	210
Other debtors			112.909	88.414	112,909	88.414
			117,201	98,471	114504	88,624
16	Creditors: amounts	falling due within one year
			Group		Charily
			2022	2021	2022	2021
			E	E		8
Trade creditors			83,019	47,905	83,019	47,905
Due	from group undertakings				13,196	23,138
Other taxation and social secudty			12,656	20,466	12,656	18,740
Accruals			220.215	105,166	219,659	100,966
			315,890	173,537	328,530	190,749

Other financial commitments Premises rent 8car lease
	Group		Charily
	2022	2021	2022	2021
		E	E
Not later than one year	59,498	62,811	59,498	62.811
Later than one year and not later than five years	200,998	212,996	200,998	212,996
Over five years	35,625	83.125	35,625	83.125
	296,121	358,932	296.121	358 932

~Grou
				Balance at I January 2022	Incoming resources	Resources expended	Transfers	Balance at31 December 2022
								B
Unrestricted	general		funds	640,134	2,489,195	(2,607,795)	335,721	857,255
Restricted	income		funds	47,000	447,940	159,219	335,721
				687.134	2.937.135	2,767014		857255
				Balance at 1 January 2021	Incoming resources	Resources expended	Transfers	Balance at 31 December 2021
								R
Unrestricted	general		funds	163,619	2,281,966	(2,049,733)	244,282	640,134
Restricted income			funds	152,752	244 150	10S.620	244,282	47,000
				316,371	2.526,116	2.1S5,353		687,134
Charitx
				Balance at I January 2022	Incoming resources	Resources expended	Transfers	Balance at31 December 2022
Unrestricted	general		funds	610.974	2,483,556	(2,599,526)	335,721	830,725
Restricted income		funds		47,000	447,940	159,219	335.721
				657,974	2,931.496	2,758,745		830,72S
				Balance at I January 2021	Incoming resources	Resources expended	Transfers	Balance at 31 December 2021
						E		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	244.282	47,000
				310,638	2,480.516	2.133180		657,974

Unrestricted	Restricted
funds	funds
General		Total (ands
8		E
62,779		62,779
367		367
1,057,498	52,500	1,109,998
263,390	52,500	315,890
857,254		857.254

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets

Unrestricted	Restricted
funds	funds
General		Total funds
E		f
62.779		62,719
369		369
1,043,606	52,500	1,096,106
276.030	52.500	328.530
830724		830,724

~Grou
				At 31
		At 1 January 2022	Cash flow	December 2022
				8
Cash	at bank and in hand	703960	343,413	360.547
Cash	and cash equivilents	703960	343,413	360,547