Charlty regl8tratlon numbèr 1112722 Company rogistratlon number 05567014 (England and Walos) TITANS COMMUNITY FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
TITANS COMMUNITY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees NGWCragg A Holloway J Whaling K L Jones Dr R C A Collinson C Haywood J Watson S P Bedford (Appointed 1 October 2024) Secretary J IAlhaling Charlty number 1112722 Company number 05567014 Prlnclpal address The Try Llne Clifton Lane Sports Centre Badsley Moor Lane Rotherham South Yorkshlre S60 2SN Reglsterod 0ffl¢o The Try Llne Clifton Lane Sports Centre Badsley Moor Lane Rotherham South Yorkshlre S60 2SN Independent Oxamlner Hart Shaw LLP Europa Llnk Sheffield Business Park Sheffield S9 1XU
TITANS COMMUNITY FOUNDATION CONTENTS Pago Trustees, report Independent examlnerfs report Statement of finan¢Sal activities Balance sheet Notes to the financial statements 7-14
TITANS COMMUNITY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The trustees present their annual report and financial statements forthe year ended 30 June 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Memorandum and Articles of Association, the Companies Act 2006 and the Stalement of Recommended Practice 'Accounting and Reportlng by Charities, (effective January 2015). ObJectlve8 and actlvltles The charity's objectives are.. To promote community participation in healthy recreation, by providing facllities for the playing of rugby union and other sports capable of improving physical health. To provide and assist in providing sports facilities for sport, recreation or other leisure time, occupation of persons who have need of such facilities by reason of their youth, age, infirrnity or disablement, poverty. or social or economic clrcumstances. Also for the public at large, in the interest of social welfare, with the objective of improving thalr conditions of life. Also to advan the education of children and young people through such means a8 the trustees think fit. The trustees have pald due regard to guidance Issued by the Charity Commisslon In daclding what actlvltles the charlty should undertake, Achlevemonts and parformanc8 The impact of Covld was still evident In July 2023.. a lack of physical fitne88, isolation, especially of chlldren with Speclal Educational Needs (SEND), lack of social ski118, especially in younger chlldren, and increasing anxiety related issues. Schools were keen to link with our on-going programme8.' introducing Tag Rugby to primary school students, Cookies-KHAW, wilh healthy eating, nutrition and fitness, mentorlng for students finding school difficult. Activities were planned for young people at risk, mainly in Pupil Referral Units (PRUS) as well as expanding links with secondary schools to develop and promote Rugby wlth older students. The Academy programme at Thomas Rotherh8m College (TRC) was expanded and developed linking them to greater opportunities for competitive Rugby ag8inst schools and colleges across the north of England. In 2023124 the HAF programme was agaln avallable throughout Rotherham. TCF were invited to partlclpate over the summer, and at Christmas, again as a subcontractor to Flying Futures. However, the sessions were now delivered In school building5 and linked directly to Individual schools, with the emphasls on children on Free School Meals. (FSMI The Careers Infrastructure package was also developed further for use in bolh secondary and primary schools. This proved very popular in the summer term and led to several local Speclal schools asking for support around careers for students with disabilities. This came directly from working with these students at different careers events run by Rotherham Council at Magna for SEND schools and college groups. Over the summer of 2023 Jamie Cooke again worked wlth AND digital to expand and develop the Cookies-KHAW app. This was then rolled out to new schools from September and assessed against criteria from a funder, South Yorkshire Coalflelds Regeneration fund. As in previous years, all children were offered a Titans Card for free access to all of Rotherham Titans home games, funded byAESSEAL and Ex-Animo Foods. Increasing numbers of children and their families are regularly attending matches at Clifton Lane. At the Magna STEM event in March, the work done by Cookies-KHAW was noted by the Director of the Advanced Well-being Research Centre IAWRC) based at Sheffield Hallam University (SHU) and an invitation to attend and explore further developments wlth them was offered. This was taken up and a full programme to research into the impact of Cookies-KHAW will be part of future development5 for TCF.
TITANS COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The Leamers Trust, a local Multi Academy Trust, (MAT) has contracted TCF to provide a variety of after-school clubs across Rotherham, Sheffield, North Nottinghamshire and North Derbyshire. These range from Tag Rugby, Multisports. Cricket, Nerf Wars and Dodgeball. Vvhile the income generated is limited, il offers the chance to explore links to other schools and offer further programmes to them. Other local MATS such as JMAT and Nexus are a150 explorlng opportunities for paid activities with TCF across numerous Schools. At the start of 2024 TCF were asked by Flying Futures to take over the main HAF provision in Rotherham. The registration and approval process was extensive and needed recommendations from partners, increased insurance cover and expectations of standards linked to OFSTED and to School Food provision. TCF passed all these quality checks and have developed programmes that are regularly oversubscribed for Easter and summer HAF provision. The TCF has continued its work with older people through the Walklng Rugby programme, however the local leisure centres have not been used as a venue due to vastly increased costs to hire spaces. The Learners Trust has allowed us to use one of their venues at cost for the winter, and sessions take place at Clifton Larfi during the summer. AS noted In the report for 2022123 Rotherham became one of several authorities to be allocated funding through the Youth Investment Fund (YIF). An application was made by TCF, as an indlvidual charity as. despite extensive consultations, the local council did not wish lo engage in a partnership agreement to apply lo this fund. TCF was successful in its application and was awarded over £600,000. However, legal issues regarding leases and subleases meant that this project, which should have been completed ready for the summer of 2024, was slgnificantly delayed. This has had a considerable impact on tha TCF'S finances in 2023124 and bulldlng work will not commence until the next financial year. Demolition was undertaken in the Spring, funded by TCF reserves and fully supported by the Board of Trustees. A site vislt to a slmilar project at Bridlington showed trustees the quality of the build being undertaken, by the same contractors who would be working on the TCF build. It allowed trustees to ask questions regarding the process, reassure the Board of the viability of the project and prfrwamed of some of the pitfall8 to be avoided. The appolntmenl of Harvey Billon as Head Coach of Rotherham Titans led to a dialogue between the playlng slde and TCF about opportunlties to support the development of the TCF and the impact of the new bullding In the community. Included in the YIF funding was a revenue grant to support the n68d for an Increase in Staffing when the new building was open and allowed the expanslon of posts offered as player coaches for the 2024125 season. Thls was directly linked to the planned opening of The Imiite Building due in summer 2024. The players who were recruited as coaches have undertaken training in youth work and have also allowed the Foundation to signrficanuy increase its workload and expand the sklll set of all the players. The support from Harvey and hls dlrect engagement with TCF has crealed a partnership that can only strengthen both the Club and the charlty. Funds were received from bids to Coalfields Regeneration, ESC Lottery, South Yorkshire Community Fund (SYCF), Actis Charity and The Youth Investment Fund. We are extremely grateful to them all. The TCF would like to acknowledge the general support of AESSEAL, Ex-Animo Foods Nicholas Associates, Jenkinson Insurance, Veezu and RNN Group. TCF also acknowledge the ongolng and generous contributions of our supporters through our Crowdfunder campaign, our SquadBuilder monthly lottery, and individual donations from supporters and events. The donations and support allow TCF to continue its work and offer opportunities to young people. schools and the community at minimal or no cost. Flnanclal revlew The financial results for the year are set out on page 4. ReseNes policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
TITANS COMMUNITY FOUNDATION TRusfEES' REPORT (INCLUOING DIRECTORS. .poRT} {CQNTINUED) FOR THE YEAR ENDED 30 JUNE 2024 IAW i?sl(s Thb tru6t¢Os ha the fflaiw lok5 t? ThtiK.'h the ¢'habty 15 exp05¢d. are lsed thal ¥¥crns IV• in plat:0 lo iThbg8t• expoeuro to Iho major f Thg (hmty * a L•fflP•V hniled ryA•antec wlhout (.•bta It 15 a i¢5%4cicd ctharify. nuth 1112r22 Tho rs 9rtid ty a Uemon2n¢•Jm and Artleg otAsetha I litb IPw> frjr th6 ¢)f InY l•¥. £¢r¥od auiinp yO&v iw i tIMy <kile tsf Ihv rAJlonKrtG wor• N (iWc.TBgg A trlollowffy ,14Ith0lin9 J Watso I l )rt(rt IU +41 Rei¥vJtrnent tipwwthne <trUs19 Nono Dfth¢ 1¢5 4iny bmefyiol weiest in fh¢ ix)ry>¥ry An tru¥ of th¢ i¥xniithvy and aniee to f1 in th• of a inthg I l)0 ix)ii¥w¥Vri < Utribt poliiy (,'oni.oining Iho Pthwmonl ¢)f tsade i ikn... - tts lollow tho i.Ill'. Ibr(Impt f ¢I'.QPIV.4 aviiinknle the i.Ell, l enlie F>oirt 11),J N•w < yth>rd eel, l W(.. IA IIXII The f'.oinp&ttyS IrIen1 polKry tha p•in•ni of ct•ditfS * to Ihe ul puynvil Y•rfh'4uiithi• Jeeing Ihè eh lon, ns4e itsl suppliofs U4¥&10 ol trbo t4Mm4 ol paynwnt by ini'.lu"&OTh d tho Tolevant In ('onvotf py in • (.'lJfclmi'.v wllli Ihr. i TWllV'Wty':- 1xiIF 4111 hly leyijl il)liu:Awiv.: Tho trirthevb i1¥11 wi*.- 4ippiiwttiI bw Il•v I riJi4#14P',
TITANS COMMUNITY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TITANS COMMUNITY FOUNDATION I report to the trustees on my examination of the financial statements of fitans Communily Foundation (the charity) for the year ended 30 June 2024. Responslbllltles and basls of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial slatements carried out under section 145 of the Charltles Act 2011 (the 2011 Act). In carrylng out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlnerfs statement I have completed my examlnation. I confirm that no matters have come to my attentlon In connection wlth the examination giving me cause to believe that in any material respect.. accounts'ng records were not kept In respect of the charlty as required by sectlon 386 of the 2006 Act; or the financial statements do not accord wilh those records; or the financial statements do not comply with the accounting requlrements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consldwed as part of an Independent examination., or the flnancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practlce for accounting and reporting by charities applicable to charlties preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK arKI Republic of Ireland IFRS 102). I have no concerns and have come across no other matters In connection with the examination to whlch attention should be drawn in this report In order to enable a proper understanding of the financial statements to be reached. Martin McDonagh Hart Shaw LLP Europa Link Sheffield Buslness Park Sheffield S9 1XU Dated.. 4 December 2024
TITANS COMMUNITY FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestrlcted Restrfcted funds funds 2024 2024 Totsl Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Notes Incomo from: Donations and legacles Charitable activltles 55,375 42,164 147,443 202,818 42,164 44,988 43,370 103,100 148.086 43.370 Total Incoma 97,539 147,443 244,982 88,356 103,100 191.456 Charitable activities Other expenditure 88,767 1,000 84,727 173,494 1.000 64,960 1,000 81,100 146,060 1,000 Total expendlture 89,787 84,727 174,494 65,960 81,100 147,060 Net Income 7.772 62,718 70,488 22.396 22,000 44,396 Transfers between funds 30,000 (30,000) Net movement In fund8 7.772 62,718 70,488 52,396 (8,000) 44,396 Reconclllatlon of funds: Fund balances at 1 July 2023 111,396 2,000 113,396 59,000 10,000 69,000 Fund balan¢o8 at 30 June 2024 119,168 64,716 183,884 111,396 2,000 113,396 The statement of financial activities Includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie8.
TrrANS COMMUNITY FOUNDATION BALANCE sHT AS AT JUNE 2ff24 Nas 49.CrfB 10 1'.16h rt b•nk WMI in hand 79,871 64,lQ8 11 ye81 N•ie.Ilft•bt QGGOts 84..'99 63,?48 iaJ.884 Tl•tfvnO• ofth•¢hwlty Re•¢d•4Xo 12 ¢MX) 119.108 1a3,B84 11?,Y i• i(1 exiiplth from lh •u¢ll le4leMrt vAl th sthl•i 411 ol lh• A¢1 2006. farth• y••r ld Xl kn0 2024 Th• djlth tors x.knowfeiJge the4F Ihe iwemcntr of Ihe I'.(1¢5 .YW, Ih• ffjofflbw• hwc not rewired Ihc c'.fynpwry kn obith w wiAtrf Ib llnwr.ial ¢m¢nts fDf ye•r in elun in •nwN.'lol Gt4yv•llfy)ts hwg in :Iwfi¢:o pio¥wAy¥.' ¢.onanlo¢ t4l>JLyl ) mal iowie IM thnthtial st8tem•ntswwo wovl by th• tru6tg96 on 21 Ntr4•n*>br &24 J Vth•lln9 Twst•O (4>nyry ieaistrallon nuthi Vi&WT014 Ifn&l•xl w¢1 WJe•Jl
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Charlty Informatlon Titans Community Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is The Try Line, Clifton Lane Sports Centre, Badsley Moor Lane, Rotherham, South Yorkshire, S60 2SN. 1.1 Accountlng conventlon The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting perlods commenclng from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provislons In the SORP for charlties applying FRS 102 Updats Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, whlch Is the functlonal currency of the charlty. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost conventSon, Imodified to Include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are Set out below. 1.2 Golng concern At the tlme of approving the financlal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operatlonal existence for the foresee8ble future. Thus the trust&&S continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charftsble funds Unrestricted funds are avai18bl8 for use at the discretion of the trustees in furtherance of their charitsble oblectlves. Restricted fund8 ar8 sublect to specific ¢ondition$ by donors or grantors as to how they may be used, The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and It Is probable that Income wlll be recelved. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.6 Expendlture Expenditure is charged to the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered. Charitable expenditure comprises those costs incurred in the delivery of its activities and services for its beneficiaries, including both direct and support costs.
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng policles (Contlnued) 1.6 Tanglble llxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognlsed so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and machinery Fixtures, fittings & equipment Motor vehicles 200h stralght line 200/0 Straight line 250kn reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised In the statement of financlal activities. 1.7 Impalrm8nt of flxed assets At each reporting end date, the charlty revlews the carrying amounts of its tanglble assets to determSne whether there is any indication that those assets have suffered an impairment loss. If any such indkation exlsts, the recoverable amount of the asset is estimated In order to determine the extent of the impalrment loss (if any). 1.8 Cash and ca8h equlvalents Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current Ilabilitie8, 1.9 Flnanclal In8trument8 The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financlal Instruments Issues, of FRS 102 to all of its financlal instruments, Flnanclal Instruments are recognlsed In the charity's balance sheet when the charlty becomes party to the contractual provislons of the Instrument. Financial assets and liabilities are offset. with the net amounts presented In the financial Statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and Settle the liability simultsneou81y. Baslc flnancial assets Basic financial assels, which Include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable withln one year are not amortised. Baslc flnanclal Ilabilltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles Icontlnued) Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations explre or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period In which the employee's servlces are received. Termination benefits are recognised immediately as an expense when the charlty Is demonstrably committed to terminate the employment of an employee or to provide termlnatlon benefits. 1.11 Restrfcted and unre8trlcted funds Restricted funds are funds recelved from donors which are subject to restrictions on the purposes for which they may be used. Unrestricted fund are those where there are no externally imposed rastriclions. These include funds freely available to the charity for expenditure or appropriation to reserves for internally deslgnated purposes. In¢om8 from donatlons and legacles Unrestrlcted Restrfcted funds funds 2024 2024 Total Unrastrlctsd Restrlcted funds funds 2023 2023 Total 2024 2023 Donatlons and gifts 55,375 147,443 202,818 44,986 103,100 148,088 Charltablo a¢tlvltlo$ 2024 2023 Income from charitable activities 42,164 43,370
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Charltable actlvltles 2024 2023 Staff costs Depreciation and impairment Charitable expenditure 18,252 12,779 142,463 19.368 7,545 119,147 173,494 146,060 173,494 146,060 Analys13 by fund Unrestricted funds Restrfcted funds 88,767 84,727 64,960 81,100 173.494 146.060 For the year ended 30 June 2023 Unrestricted funds Restrlcted funds 64,980 81,100 146,060 Tru8teas Durlng the year, one trustee recelved £2,800 (2023 - nil) in respect of servlces provlded to the charlty. No trustee8 were reimbursed for expenses (2023 - nil). Employees The average monthly number of employees durlng the year was.. 2024 Number 2023 Number Employment costs 2024 2023 INages and salaries 18,252 19,368 The direct charitable activities employees are all part time. There were no employees whose annual remuneration was more than £80,000. 10-
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Other 2024 2023 Other expenditure 1.000 1,000 1,000 1,000 other expenses includes payments to the accountants of £1,000 (2023 - £1,000) in rospe¢t of independent examlnation fees. Taxatlon The charity is exempt from taxatlon on Its actlvits'es because all its income is applied for charitable purposes. Tanglble flxed assets A•8•ts und•r con•truGtlon Plant and machlnery Flxtur•s, Motor v•hlcl•s Ilttlngs & •qulpm•nt Total Co8t At 1 July 2023 Addltlon8 24,131 4,618 30.000 58,749 82,716 82,716 At 30 June 2024 82,716 24,131 4,618 30,000 121,465 Depreclatlon and Impalrment At 1 July 2023 Depreclation charged in the year 6,381 4,825 845 923 1,875 7,031 9,101 12,779 At 30 June 2024 11,206 1,768 8,906 21,880 Carrylng amount At 30 June 2024 62.716 12,925 2,850 21,094 99.585 At 30 June 2023 17,750 3,773 28,125 49,648 10 Debtors 2024 2023 Amounts falllng due wlthln one year: other debtors 4,928 11
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 11 Credltors: amounts falllng due wlthln one year 2024 2023 Other taxatlon and social security 500 360 12 Restrfcted funds The restricted funds of the charity comprise the unexpended balances of donations and grant8 held on trust subject to specific conditions by donors as to how they may be used. At 1 July 2023 Incomlng resources Resources •xp8nded Transfers At 30 June 2024 Freshgate Trust Foundatlon Coalfields Regeneratlon ESC Lottery South Yorkshire SYCF Actis Charlty YIF Grant AES Seal 2,000 2,000 4,893 7,700 4,914 500 101,936 27,500 (4,893) (7,700) (4,914) (5001 (39,2201 (27,5001 62,716 2,000 147,443 (84,727) 64,718 Prevlou8 year: At 1 Juty 2022 Incomlng ro$our¢es Resource8 expended Transfe At 30 June 2023 PCC for South Yorkshlre Police National Lottery (Awards for All) Freshgate Trust Foundation The Clothworkers Foundation Coalfields Regeneration Bernard Sunley Foundation National Emergency Trust (Crowdfunder) AESSEAL PIC Charles and Elsie Sykes ESC Lottery Fund 19,800 10,000 2,000 15.000 (19,800) (10,000) 2.000 (15,000) 10.000 (10,000) 5,000 (5,000) 20,000 27,500 1,000 2,800 (20,0001 (27,500) (1.000) (2,800) 10,000 103,100 (81,100) (30,000) 2,000 12-
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 12 Restricted funds (Contlnued) Coalflelds Rogeneratlon - These funds were spent on stsff wages and equipment. ESC Lottery - These funds were spent on staff wages and equipment. South Yorkshlre SYCF - These funds contributed to the purchase of Cricket Sight Screens. Aetls Charlty - Th58 donation was glven to the charity for the purchase of cricket equipment. YIF Grant - These funds are belng used on the replacement of the new premlse8- th8 white building, and the costs assoclated with this. Once the build is complete and the premises are available for use, there wlll be no rg8triction on use by the charity and 80 at thls stage, the value will be transferrod to unrestrlcled funds, Frnshgate Tru8t Foundatlon These funds have been ring fenced for the purpose of the purchase of fumiture for when the charity move into new premises in the next finandal year, 13 Unrestrlcted fund8 The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not 8ublect to specific condltions by donors and grantors as to how they may be used. These Include designated funds which have been set aslde out of unrestrlcted funds by the trustees for specific purposes. At 1 July 2023 Incomlng resources Re80urco8 •XP8nded Transfers At 30 June 2024 General funds 111,396 97,539 (89,767) 119,188 Prevlou8 year: At 1 July 2022 Incomlng Resources resources oxpondad Tran8fer8 At 30 Jun• 2023 General funds 59.000 88,356 (85,960) 30,000 111,39e 14 Analysls of not as8Ot8 botween funds Unrestrlctod funds 2024 Restrlcted funds 2024 Total 2024 Fund balances at 30 June 2024 are represented by: Tangible assets Current assetsl(liabilities) 36,869 82,299 62,716 2,000 99.585 84.299 119,168 64,716 183,884 13-
TITANS COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 14 Analysis of net assets between funds (Contlnued) Unrestrlcted funds 2023 Restrlcted funds 2023 Totsl 2023 Fund balances at 30 June 2023 are represented by: Tangible assets Current asset(1[abl1ItIe3> 49,648 61,748 49,648 83,748 2,000 111,396 2.000 113.396 15 Rolated party tran8actlons N Cragg is a director of the charity, durlng the year donations of £120 (2023 - £120) were recelved to help with the day to day running of the charlty. J Ilvhaling is e director and Secretary, during the year donations of £120 {2023 - 120) were received from J Vthaling. K Jones is 8 director of the charfty, during the year £nll {2023 £50) was received from the director. Also during the year, K Jone8 wa8 pald £2,800 (2023-nil) as wages J Watson Is a director of the charity, during the year donations of £1,000 (2023 - £1,000) were received to help with the day to day runnlng of the CharY. R Colllnson Is a director of the charity, during the year donations of £1,000 (2023 - £1,000) were recelved from the director to help with the day to day runnlng of the charity. A Holloway 18 a director of the charlty, durlng the year donations of £nll (2023 - £80). 14-