Charity registration number: 1117592 ## The Lacrosse Foundation Annual Report and Financial Statements for the Year Ended 31 March 2023 ## **The Lacrosse Foundation** ## **Contents** |Trustees' Report|1 to 10| |---|---| |Independent Examiner's Report|11| |Statement of Financial Activities|12| |Balance Sheet|13| |Notes to the Financial Statements|14 to 19| ## **The Lacrosse Foundation** ## **Trustees' Report** The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023. |March 2023.|| |---|---| |**Charity Registration Number**|1117592| |**Principal Office**|Flat 12, Walsingham| ||St Johns Wood Park| ||London| ||NW8 6RG| |**Trustees**|Mr A Biswas| ||Mr R Collinge| ||Mr A Footitt| ||Mr M W Hazy (resigned 31 October 2022)| ||Ms H Carroll| ||Mr P Jessup| ||Ms H Pratt| ||Mr A Greaves| ||Mr D D Murphy| |**Independent Examiner**|Andrew J McLaren FCA| ||Beever and Struthers Chartered Accountants| ||One Express| ||1 George Leigh St| ||Manchester| ||M4 5DL| Page 1 ## **The Lacrosse Foundation** ## **Trustees' Report** ## **Structure, governance and management** ## _**Nature of governing document**_ The trust was established by a trust deed dated 1st July 2006 as the South of England Lacrosse Educational Trust and registered as a charity on 16th January 2007. The trust changed its name to The Lacrosse Foundation on 3rd March 2017. Trustees are appointed in accordance with the trust deed. The Trustees have control of the Charity and it's funds. Every trustee must be appointed by a resolution of the trustees passed at a special meeting. The trustees have assessed the major risks to which the Charity is exposed and are satisfied that procedures are in place to mitigate the exposure to risks. ## **Objectives and activities** ## _**Objects and aims**_ The charity objectives are: (1) to promote community participation in health recreation by providing facilities for particpating lacrosse and other sports that constitute healthy recreation ("facilities" means land, buildings, equipment and organising sporting events); (2) to provide and assist in providing facilities for sport, recreation or other leisure occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social or economic circumstance or for the public at large in the interests of social welfare amd with the object of improving their condition of life; (3) to advance the education of children and young people; and (4) to advance any other purpose that is charitable in accordance with the laws of England and Wales in association with sport. ## _**Public benefit**_ In setting the objectives of the Charity the trustees have given careful consideration to the Charity Commission's general guidance on public benefit. The objectives of The Foundation are detailed on page 2 of the report. Details of the activities that have been undertaken by The Foundation during the year to meet these objectives and provide public benefit have been set out on page 2 to 4 of the trustee’s report. ## **Achievements and performance** The Foundation awards grants from our unrestricted reserves which fund projects over a period on occasion over a number of years. Payments in respect of such awards are dependent on the successful completion of each phase of the project. In addition, The Foundation receives donations to fund special projects which are distributed with regard to the terms of the donation. Page 2 ## **The Lacrosse Foundation** ## **Trustees' Report** During the year 2022/23 we were awarded 40 grants totalling £132,187. As we entered our 5th year since the public launch of The Lacrosse Foundation in September 2018, we saw a significant increase in the number and value of grant applications received and approved. This is likely both due to a full year without the impact of Covid coupled with greater awareness of the funding available through the Foundation. Our grants have supported projects across a number of settings, including Lacrosse Clubs, Primary and Secondary Schools, Universities and Lacrosse National Governing Bodies. Supporting lacrosse in schools increases awareness of the sport amongst significant numbers of young people, but also builds awareness and experience amongst the teaching staff, particularly PE specialists at Secondary school. Therefore, as well as providing the equipment for a school to introduce lacrosse in curriculum and/or extra-curriculum, we often fund CPD training to enable teachers to self deliver. In some cases this has included funding for ongoing teacher mentoring by experienced lacrosse coaches. In Further Education settings, we have continued to fund England Lacrosse’s LACS offer to FE Colleges as part of a three year programme (May 2021 to July 2023) and have supported 6 university lacrosse clubs. For the latter, our funding supports continued growth in this sector, with many clubs increasing their competitive teams and focusing on providing their beginners a more positive experience through improved quality of equipment, facilities and coaching. It is rewarding to learn that many of the University grant applicants we meet first discovered lacrosse at University and want to share their love for the sport. Whilst education settings are important, community clubs remain at the heart of sustained, high quality lacrosse and we have supported a number of them to either launch, rebuild or grow. Many of these need to get back into schools to increase awareness of the sport and our funding has enabled this as well as providing equipment for entry level junior players. We have also continued to fund Lacrosse Scotland to deliver a range of development projects, including the introduction of lacrosse in a number of state schools. This programme is also key to Lacrosse Scotland’s discussions with Sport Scotland for additional core funding which will contribute towards sustainability. The Foundation continues to be just a funding organisation. It is the people in the organisations who receive our funding that deliver the real impact and success towards our combined ambition to grow and develop lacrosse in Great Britain. Page 3 ## **The Lacrosse Foundation** ## **Trustees' Report** ## _**Grant Criteria and Assessment**_ For a grant application to be successful, it must first demonstrate that the proposed project will contribute towards The Lacrosse Foundation’s Mission “to champion the growth and development of lacrosse in Great Britain”. The other key criteria we assess are whether the project will meet our charitable objectives, the governance arrangements of the applicant (other than for individual applicants) and the sustainability of the project. Following receipt of an application, we actively engage with applicants to assist them to develop their project or to provide additional information to enable their project to meet our funding criteria. ## _**Grants In Numbers**_ During 2022/23 we received a total of 48 applications, Approved 40 and Declined 1. The application we declined could not demonstrate how it would grow and/or develop lacrosse. The remaining 7 applications were not progressed when the applicants did not provide additional information requested. During 2022/23 we offered three types of grant size - Small, Medium and Large. From 1 April 2023 we are offering two types of grant size: Small up to £2,500 using a short form and Large above £2,500 using our full form. Page 4 The Laerosse Foundation Trustees, Report FigJ GrdDts b)" Organisation T)rybe T)Teoforg•nts•llon Numberof Gr•mt5 TO1￿ v￿lle of Grant5 A￿ra￿e v￿lle ofGrallts Club £33,465 £4,183 College £8,000 £8,000 Comp £23,000 £23,000 £1,920 £1,920 School £42,857 £1,948 Se1￿)] G￿e5 £10,110 £10,110 Unifvtrsity £12,835 £2.139 GrawlTotal £DI187 £4305 Fl&4 Grant5 by Grant CAtegory Grant Category Numberof Grants V￿lle of Grants Coaching £25,500 Eqwpment 28 £59,854 Equ4)Anent& Coaehmg £43,332 Equipment & Facihty Hire £1,715 Eqwmellt& Unrf(xrn8 Uniforn]$ £984 Grand Total £132J87 Gronts Awarded 2022/23 Fi&5 Grant5 awarded during 2022123 Applicant Grant Descrytion Grant Value of Kenlwomell's LC stick5 and goggles for eroM¢h of M'omen's and lllixed t1￿[￿% £4.840 Harris Aeddemy Bennondsey Eqwmentto start I￿se £2,145 Harris Academy Cr>'stal Pdjace Wihllslo￿ LC Equlpmentto start IxY058e Equq)nientfor ]￿}10r5 £2.145 £7,36A Page 5 The Laerosse Foundation Trustees, Report Harris Academ} cla￿aM Equipmentlo start I￿05¥ £2,145 BrOll￿ey Sehool Games Equipmenl CO￿hing and t￿her$, CPD tO8row I￿(*Se inlL)thn B(rOUg￿ of Br(￿ry £io.iio MetrowlitanPoh" sPn￿le1d Prlljwy Equiprnentfor scknols, eng4ernentproor￿e sticks for Y24 aThd coxhllL8 SUPPOrt BrOokIa￿S LC £1,920 £3,700 Pl}ryllouth Prli,atee￿ LC Equipmellt& unifonns f￿￿eTh,8 and Th.￿en,8 sixe8 teatlls £802 SE Lacrosse Devel(Vllent Ltd Hgsris Ggttard Greater Loll(k)nLacrosEe Director £23,(M)O Equipment to start lacro$se £2,145 Bishq>Wordswortb's SclK)ol £1.715 BoardmaTh & Ecdt Boattlnwi & Eccles c0mll￿ty Lacrosse Expansion Laerosse f& St Bees SelK￿l £5,000 St Bees School £801 m8rth￿]s pa￿ Sch(x)I Creatillg al￿oSSe dub £1.380 adk LC Lacrosse tkn"elopment Officer Lacrosse In the currieuiwD £2.5 The Chanty Sehool £2.000 SheffieldTanger UniiEr6ities LC Rebootof Club into ELA £949 UnliE￿ty of Nottin9bamMen's New kitto 2rowclub £907 Leeds Unii'eTrity Union Women'$ New kn'tfor club expansicfL £984 Ullii"etsty of MatL(thesterMen' alld ￿ed LC EXpaThd￿ our Lacrosse Club £3.331 Elstsee School Introd￿1￿8 GJAS, Laero4e Bwnley Start Lacrosse £1,835 Burnley College £8.000 Page 6 ## **The Lacrosse Foundation** ## **Trustees' Report** ## _**Impact of Our Grants**_ We request all grant recipients submit a Monitoring & Evaluation report, with both quantitative and qualitative data, typically around a year from the grant award date. This has previously been on manual forms, but we have now introduced an online form with reminders sent around the due date. This online form provides a more efficient and effective method to collect, collate and understand the data submitted and therefore the impact of our grants. There is necessarily a delay in the grant being awarded and receiving the Monitoring & Evaluation report, so our Comms Team also directly engages with some grant recipients to publicize the impact of their project on our website. ## _**Impact in numbers**_ Using the new reporting system we expect to provide more detailed impact quantitative data in future years, but Fig. 6 provides details for some specific grants. Page 7 ## **The Lacrosse Foundation** ## **Trustees' Report** ## _**Impact in Words**_ Here are some of the positive feedback we have received from grant recipients: From a school: “Pupils loved the sport as it was new and exciting. Highlights were around tactical understanding of the sport, especially when they discovered that they were allowed to travel behind the goal.” From a club: “The children are genuinely excited to play lacrosse [in the schools] and seeing a number of new players at [the Club] has been really encouraging.” From a university: “Being able to provide new players with equipment has allowed many students who would have not taken up the sport to get involved in lacrosse.” ## **Financial review** The results for the year are as set out on pages 6 to 7. During the year the net movement in funds was a decrease of £184,543, compared to the prior year movement which was an increase of £6,513. The current year's decrease was largely due to the decrease in the investment portfolio valuation of £189,487. ## _**Policy on reserves**_ The trustees hold cash reserves to meet one year’s projected expenditure. Funds will be invested to generate a long-term return after expenses in excess of inflation of 4%. This should create income to meet administrative costs and grant giving whilst maintaining the real value of the assets. At the year end the charity held total unrestricted reserves of £811,923 (2022: £1,038,968) of which all are in free reserves. This level is sufficient to meet the next year’s projected expenditure. Page 8 ## **The Lacrosse Foundation** ## **Trustees' Report** ## **Plans for future periods** ## _**Aims and key objectives for future periods**_ The Foundation continues to gain experience of using our resources to grow the game of lacrosse with a focus on the grass roots. Based on this there is a need to consider the longer-term strategy for our ongoing success and to recruit a broader group of volunteers to assist in achieving this. Page 9 ## **The Lacrosse Foundation** ## **Trustees' Report** ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: ......................................... Mr R Collinge Trustee Page 10 ## **The Lacrosse Foundation** ## **Independent Examiner's Report to the trustees of The Lacrosse Foundation** I report on the accounts of the charity for the year ended 31 March 2023 which are set out on pages 12 to 19. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Charities Act 2011; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ...................................... Beever and Struthers Chartered Accountants One Express 1 George Leigh St Manchester M4 5DL Date:............................. Page 11 ## **The Lacrosse Foundation** ## **Statement of Financial Activities for the Year Ended 31 March 2023** |**Note**
**Income and Endowments from:**
Donations and legacies
4
Investment income
5
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net expenditure
**Other gains and losses**
Unrealised gains/losses on
investment assets
10
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13
**Income and Endowments from:**
Donations and legacies
Investment income
Total Income
**Expenditure on:**
Charitable activities
Total Expenditure
Gains/losses on investment assets
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
-
22,526
22,526
(128,783)
(128,783)
(106,257)
(79,487)
(185,744)
1,038,968
853,224|**Restricted**
**funds**
**£**
42,503
-
42,503
(42,503)
(42,503)
-
-
-
-
-
**Note**
5
13|**Total**
**2023**
**£**
42,503
22,526
65,029
(171,286)
(171,286)
(106,257)
(79,487)
(185,744)
1,038,968
853,224
**Unrestricted**
**funds**
**£**
381
20,959
21,340
(51,165)
(51,165)
36,338
6,513
1,032,455
1,038,968|**Total**
**2022**
**£**
381
20,959| |---|---|---|---|---| |||||21,340| |||||(51,165)| |||||(51,165)| |||||(29,825)
36,338| |||||6,513
1,032,455| |||||1,038,968| |||||**Total**
**2022**
**£**
381
20,959| |||||21,340| |||||(51,165)| |||||(51,165)| |||||36,338| |||||6,513
1,032,455| |||||1,038,968| All of the charity's activities derive from continuing operations during the above two periods. Page 12 ## **The Lacrosse Foundation** ## **(Registration number: 1117592) Balance Sheet as at 31 March 2023** |**Note**
**Fixed assets**
Investments
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
13|**2023**
**£**
827,975
400
26,675
27,075
(1,826)
25,249
853,224
853,224
853,224|**2022**
**£**
1,017,462
595
21,528| |---|---|---| |||22,123
(617)| |||21,506| |||1,038,968| |||1,038,968| |||1,038,968| The financial statements on pages 12 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: ......................................... Mr R Collinge Trustee Page 13 ## **The Lacrosse Foundation** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **1 General Information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Flat 12, Walsingham, St Johns Wood Park, London, NW8 6RG. ## **2 Statement of Compliance** These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3 Accounting policies** ## **Basis of Preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Fund Accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. Page 14 ## **The Lacrosse Foundation** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **Incoming Resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: • income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. • legacy income is recognised when receipt is probable, and entitlement is established. • income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. • income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources Expanded** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: • expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. • expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. • other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Share costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Fixed asset investments** Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. List investments are measured at fair value with changes in fair value being recognised in income or expenditure. Page 15 ## **The Lacrosse Foundation** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **Trade debtors** Debtors are recognised at the settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Trade creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount. ## **Financial instruments** ## _**Classification**_ A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Where investments in shares are publicly traded or their value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. ## _**Recognition and measurement**_ Financial assets that are measured at cost or amortised cost are reviewed for objective evidence if impairment at the end of each reporting fate. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. ## **4 Income from donations and legacies** |Donations and legacies;
Donations from individuals
Gift aid reclaimed|**Restricted**
**funds**
**£**
34,002
8,501
42,503|**Total**
**2023**
**£**
34,002
8,501
42,503|**Total**
**2022**
**£**
305
76| |---|---|---|---| ||||381| Page 16 ## **The Lacrosse Foundation** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **5 Investment income** |**Unrestricted**
**funds**
**General**
**£**
Interest receivable and similar income;
Interest receivable on bank deposits
90
Other income from fixed asset investments
22,436
22,526
**6**
**Expenditure on charitable activities**
**Unrestricted**
**funds**
**Note**
**General**
**£**
**Restricted**
**funds**
**£**
Lacrosse promotion
7
123,656
42,503
Allocated support costs
5,127
-
128,783
42,503
**7**
**Grant-making**
**Analysis of grants**
**Analysis**
Grants to institutions
During the year grants were made to 40 (2022:18) institutions.|**Total**
**2023**
**£**
90
22,436
22,526
**Total**
**2023**
**£**
166,159
5,127
171,286
**2023**
**£**
166,158|**Total**
**2022**
**£**
4
20,955| |---|---|---| |||20,959| |||**Total**
**2022**
**£**
49,254
1,911| |||51,165| |||**2022**
**£**
49,254| |||| ## **8 Trustees remuneration and expenses** During the year the charity made the following transactions with trustees: ## **Mr P Jessup** £33 (2022: £Nil) of expenses were reimbursed to Mr P Jessup during the year. No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. Page 17 ## **The Lacrosse Foundation** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **9 Taxation** The income and gains of the charity are exempt from taxation to the extent they are applied to its charitable objectives. ## **10 Fixed asset investments** |**Cost or Valuation**
At 1 April 2022
Revaluation
Disposals
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**Listed**
**investments**
**£**
1,017,462
(79,487)
(110,000)
827,975
827,975
1,017,462|**Total**
**£**
1,017,462
(79,487)
(110,000)| |---|---|---| |||827,975| |||827,975| |||1,017,462| All investments shown above are held at valuation. The basis of fair value is equivalent to the market value per the investment portfolio. ## **Investments comprised of:** |**Investments comprised of:**|| |---|---| |Equities|74.4%| |Property and
alternative assets|15.7%| |Bonds|7.6%| |Cash and cash
equivalents|2.3%| ## **11 Debtors** Prepayments **12** Accruals ## **12 Creditors: amounts falling due within one year** |**2023**
**£**
400
**2023**
**£**
1,826|**2022**
**£**
595| |---|---| ||**2022**
**£**
617| Page 18 ## **The Lacrosse Foundation** ## **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **13 Funds** |**Unrestricted funds**
General
**Restricted funds**
**Total funds**
**Unrestricted funds**
General|**Balance at 1**
**April 2022**
**£**
1,038,968
-
1,038,968
**Balance at 1**
**April 2021**
**£**
1,032,455|**Incoming**
**resources**
**£**
22,526
42,503
65,029
**Incoming**
**resources**
**£**
21,340|**Resources**
**expended**
**£**

(128,783)
(42,503)
(171,286)
**Resources**
**expended**
**£**

(51,165)|**Other**
**recognised**
**gains/(losses)**
**£**
(79,487)
-
(79,487)
**Other**
**recognised**
**gains/(losses)**
**£**
36,338|**Balance at**
**31 March**
**2023**
**£**
853,224
-| |---|---|---|---|---|---| ||||||853,224| ||||||**Balance at**
**31 March**
**2022**
**£**
1,038,968| ## **14 Analysis of net assets between funds** |**14 Analysis of net assets between funds**||| |---|---|---| |Fixed asset investments
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
827,975
27,075
(1,826)
853,224|**Total funds**
**£**
827,975
27,075
(1,826)| |||853,224| ## **15 Related party transactions** During the year the charity made the following related party transactions: ## **Robert Collinge** (Chair of the Trustees) During the year, Mr R Collinge donated £33,600 for the purposes of funding a Box Lacrosse facility, and £352 for referee training. (2022: £205). At the balance sheet date the amount due to/from Robert Collinge was £Nil (2022 - £Nil). Page 19