Chai'ity registt?tion number: 1117592 The Lacrosse Foundation Annual Report and Financial Statei)]enls for the Year Ended 31 March 2024
The Lacrosse fioundation Contents Ti'ustees, Report Ito8 Slateinent of Tnistees, Responsibilities Iiidepejideiit Exaiiiiner's Report io Statement of Finaiicial Activities Balance Slieet 12 Notes to the Fiiiancial Slateiii¢i)ts 1310 19
The Laei'osse fi oundation Trustees, Report Tlie trustees present Ibe anniial report togetlier ivilli the fillancial slatements of the cliarlty for the year eJ)ded 31 Mai'cli 2024. C1191'il), Regfistratioji Number 1117592 Priiicipal olte Flat 12, Illalsingliam St Johns Wood Park London NW8 6RG 'rR'ustees Ms A M Alonso, (Appointed J9 April 2024) Mr A Biswas Ms H Catroll Mr R Collinge Mr A Footilt Mr A Greaves-smith, (Resigned 24 October 2024) L s A Ite5, (Appointed 15 February 2024) Mr P G M Jessup Ms S IAptain, (Appointed 15 FebTuary 2024) Mr D D Mu1]Y Ms H Pratl (Resigned l October 2024) Independent Examiiiei. Helell Binlls FCA Beevei" and Struthei3 Chartered Accountsnts One Express l George Leigli St Manchester M4 5DL Page I
The Lacrosse Fouiidation Trustees, Report Sti'iieture? goi'eriiaRiee and mydiiageinejit NalHi'É ofgoiieriiiiig dociii)ienl Tlie trust ivas establisl)ed by a tnist deed daled I st July 2006 a5 tlie South of England Laci-osse Educalional Tiitst and registei'ed as a charity on 16tli Jaiiuary 2007. Tlie Irlt changed its ll1]e to The Lacrosse Fouiidalion 011 3rd Marcli 2017 and amended tlie trust deed on 26th May 2023 10 provide for tlie reinoval of a Iruslee. I'ii]stees al'e appoiiited iii accordance ivitli the Ist deed. Tlie Trustees have control of the Chai'ity aiid it's funds. Every trustee iiiust be appointed by a resolution of the trustees passed at a special ineeting. The tnleeS have assessed tlie illajor risks to ivliicl) the Charity is exposed and are satisfjed tliat proc¢dures are in place to iniligate tlie exposiii'e to Tisks. Objeetiiwes and actÉi'ities Objecls uiid aiiiis The cliaiity objectives are- (l) to pi'omote comniuiiity participation in health recr¢ation by providing facilities for pailicpatillg lacrosse and otl)er spoi'ls Iliat coiistitute healthy re¢reatton ( facilities means land, buildings, equipment and orgaiiisiiig si)orliiig eveiiÈs)' (2) to pi'ovide and assist in providinE faciliti for sport, recreatioii or otlier l¢isure occupatioii of sucEI persoijs who liave need for sucl) facilities by reasoii of their youili, age, iiifiriiiity or disablemeiil, poverty 01 socilll or econoniic cii'cuiiisl<?nce oi- for the public at large in the inlere51s of social ivelfare aIi)d wÉtl) the object of Fnipi'ovÉng their coiidilioii of life- (3) to advance the education of children aiid young people. and (4) to advatlce 81)y otlier i)urpose Iliat is charitable in accordaiice ivith tl)e laivs of England and IVal¢s in associatloii ivitli sport. Piiblie beiiefil lil seÉtiiig the objectives of the Charity Ihe Imslees haiie giilen care1 coiisideralioI) lo the Charily CO1171SsIon'S geiiei'al guidance oli public benefit. Tlle objective5 of Tlie Foundation are delailed on paEe 2 of tl)¢ report. Details of tlie acliijities Iliat Iiave been uiidcrtakcn by Tlie Fouiidalion diiriiig Ilie year to lileet tliese objecliv¢s aiid piDvide piiblic beEiefit have been set out on page 2 to 4 ofthe trustee's repoit. Page 2
Tlie Lacrosse fioundation Trustees, Report Acliiei'enients aiid perlorinaliee Oiir 2023124 year lias seen a reduced nuinber of applTcatioJis {31) and value of grants awarded (£81,405) against the bumper year of 2022123 (40 - £132.L87), bul coi)lii)ues to suppoit projects to groiv aiid develop laci'osse in a raiig¢ of settings. The grants aivarded iii tlie year ivill not recoiicile exactly to tlie 8raiits paid ii) the fiiiancial stalu)ients. Tbis is as a resiilt of the l¢rll and coiiditions of tlie gi'ants aivai'ded. This year oiir grants have lielp¢d sojne of our lojiger-terni projects to Collsolidate, cliibs to rebuild or 1)IV their junior sectioiis, scliools to iiilt'odu¢e lacrosse. and universilies to meet iiicreasiiig deniand for botli conipetitiiie BUCS and recr'eational lacrosse. Ivhilst the scliool sector receiiied most of our grants both iii teJ7ns of iiui))bei' {16) aiid value (£36,250), clubs received the largest grdiits by avernge (£4.222) iiiith 7 clubs receiiiing a total of iiearly £30,000, recognising the importance ive place on tliis grassroots sector for the long-t¢n)i futhre of our gaiiie. From our engageftnent with applicants and the lacrosse professionals supportiiig then), Ive believe there is a real appetite for lacrosse iii both primary aiid secoiidaiy schools if the barriers of equipment and kn)oMil¢dge can be loivei-ed, aT)d are i)oiv supporliiig iietworks of schools around a liub club tliai brings the frai)ieiiDrk, energy and drive to the project. Wl)ilst education settings are iniporlajit, con)n)uiiity ¢liibs reinain at the heart of sustaiiied. higl) quality12crosse and ive h&ve siipporled a number of Iheln to eithei. launch, rebuild or groii,. Many of tliese need to get back" inlo scliools to inciease aivareiiess of tlie sport, aiid our fundiiig lias enabled tl)is, as ivell as providing equipnjeiit foi. entry Icvel juiikor players. We Iiave also coiitiiiued to fund Lacross¢ Scotlaiid to deliver a range of deiFelopinent PA'ojecls, in¢liidiJig tlie iilrodiiclion of lacrosse iii a nwiibei- of slate schools. This prograiilllle is key to L2CTOSS¢ Scotland's discElSSlOnS vith Sport Scotland for additioiial core funding to secure tlieir loiigei-teni) fiiture. Page 3
Tlie Lacrosse Foundation Trusteesl Report Gi'aiil eiilei'ia npjd assessiiieiil For a giaiit applFcation to be successthl, it niust fJi3t demoiistrate tliat the proposed project 11411 contiibute tOl4grds The closse Fouiidatioi)'s Mission "to chainpion the groi4Qh aiid developiiient of lacrosse in Great Britain" Tlie otlier key criteria ive assess are ivlietliei. the project ivill meet our cliaritable objectives, tlie overnaiice aiTangemeJils of die applicant (otlier 11)wi for individual applicants) and the siistainability of tlie project. Followiiig a revieiv of our gwits. applicatioii and decision-makFng ¢rit¢ria aiid processes. froiii this year ive iiicreased tlle thi'esliold value of our sinall grai)ts 10 £2,500 (froin £1,000), rejnoited the niediuni gi'aiit C8legory, and cliai)ged tlie lai'gc graiit thi'eshold valiie lo over £2,5(K). Ive also iiicreased the level of delegated authoi'ity in tlie Gi'allts, Workiiig Groiip (GWG) to £5,000 lias eiiabled 80 % of gr211t applicalioIis t'eceiiTed in 2023124 to be considered at this level, bi'ii)gtng greater efficiency to our decision-ii)akiiig. Gr21)Is oiiei. £5,000 go to the full Board for decision. Gi'aiils iii iiiiiiibeis Durtiig 2023/24 14pe received a total of 35 applications." Approving 3 I, Decliiiing 2, Ivith I still Pendijjg at the eiid of the year aiid l Not Progressed. 01 tlie 2 application5 Ive declined, olle ivas for tOUTnament parlicipalion costs iiiliich we li&ve taken a policy decision not to fund. The other ivas subinitted by all individual to ruli a developiiielll pro.allUe Hpho ive offered to reconsider if they 14Tere able to ivork through ail orgaiiisatioi) such as a Club or School Games orgai)isatioiJ. We have takeii a policy decision iiot lo grant equipjnent for the delivery of lacrosse developnieiit to indiiTiduals. One {1) applicalion was still Pendillg at the end of the year ivhÈlst ive Colltinue lo ivork ivith tlie applicant to obtain addAtiollal inforinalion on ilieir proposed project lo infornl our decision. Fig.1 Applicatioiis Received ' Appllcallons. Receiyod ! Applicatlons Approved 1 31 Appllcations Decllned j ,' Appllcations Pending Applications not pioqressed bv applicant Fig.2 Grants Award by GTanl Slip NumbpT of •_ Totsl Value of Grants Averae.Va1p of"" ! Small- under£2.5QO '. LBrge- over£2.500 £38.488 42,557 Page 4
The Lacrosse oundation Trustees, Report Fig.3 GTants Avmrded by Organisation Type Type of organlsa.tlon Number of Grants Total Valuèof.Granls £29.552 £2,000 £30.592 £5.718 | £13,183 £4.2221 I School £2.039 School Gaffl85 l Unlveisltyf Grand Tolal." £5.7181 ? The GWG Is a Subcon*fIee iJfthe7LF Boaid comprfsed ola thnlmum of 3 Twslees.1l3in lo meet every 4- 6 vieeks. DuFing 2023r24 ilsat 8 Itrnes. Fig.4 Grants Awarded by Funding Category GraThtCategory . Numb&r of Grants -<=~ Tolai.Value of Gvants-. I Coaching l Equipment l Equlpmenl & Coachlng Equipwnent & CDui8es Equipment & Facililieg ,, Grand Total .. £14.620 £50.513: £12.212 £1.220 31 Fig.5 Whatourgrants funded .Granl Category ' Number:. I Stlcks Balls ,. Helwn8ts 571 Boys. l Men's pads Goggles Goalle lfjts 39 10 Goals (pop and field) I Coaching Houts 8011 Page 5
The Lacrosse Folliidation Ti"ustees' Report Gi'aiils aivarded 2023/24 Flo.6 GraTrts awar¢fett durlng 2023124 Applicant:: ..GronlOeauiptio Cumbria ExpaThston {Border '. Kendal prirnary sthools I City LCI Cheadle LC Gr4nlVak,' I Schools rAbarhTNJ Unfverslty of Chlchegler LC I Men's EQuIp1 l &ralhblane PfflEnbrySchod | Pop lacro&8e e4uipmenl 8ntY .' Unlversrty olWaNélck LC | Fleld equry>menl lor groYAh Maiion UniveEsty LC ', Field equipJnenl gt '. HulthesoTrs' GiamrnaT ', Slfcks, bals ano goals tor cuNitulum lauossè Schod £1.481 £1.945,' ' UnNetsity of Suiiey LC i Field equipfflert lo support Qff. £1.220 ', Robert Smoh Arademy Slicks. balts and goals loi cuiricutuffl lau05se l Bishophali SthoDI Atk John Keals Academy ,' WotsleyBAdgè Prfmary Sthool '. sttcks, balls and goals lot cu&clUM la(ttse I Slitss, ba15 and goals lor cullialn lau05se I I Pop la(sossg sticks. ba15 and gDals I i cuthculum laL¥OSse ', Sl(ck8, balls and goajs lor cUthcuM la(xosse j | sticks. b3lLg and go for cuni0Jffl lauosse £2,320 £TioI , Poveiesl PFlmary Sr007 ,' TudoiGiangeAcad8my ' Sarnyorth £2.OBO Bobby Moore Academy ' Tu¢JorGiangeAcBdeffly ' Jfjngshursl Belhaven Hll Schoc4 I Slicks. ball5 and goals for curn(culum lacTosse I | sb"cks. balb and goaig nICul £2212 £2.0801 | Sttcks, bau5 and goals lafX05Sè '. Field equiwnent lo launch lacrosse Field equiwenl lo growiunior seclfon Royal Marine5 LC Mellor LC £6.636 £7,8181 Slirfing CoutKI | Multi8 pop lacrosse sels to Intr0ce , lau0559 Into fflulbplesthoo15 In Ihe ea Unlveisity ol PtymrArth LC Fleld eouipTrièDI and laolity hiie lo enatle new E5.718 i . Loughbofouuh Sknrten18' LC l Fleld equipTrnl lo support Cheadle Hulme LC l &tcks for schools. development l)T(4JtammE SiDavirfs P I Pop lacrosse The Wesl Svtrey PaJkneI5hl | Field sticks lo launch lactOS5e al 5thoL45 in Ihe Pather5hip '" RoyalAgricuJluralUn5Ywsity i Field equipmenl lo support gIfh ." Sluilents. Uiion £2,478 £2.481 Oasls Acadelly Oldha Lau055e slr£ks, ba115 and goats and coaching hou15 lot C]J1M lauosse | sttcks. balt5 and goals cuthculum lauosse I £4.974 Ada Loyelace CE Hlgh School ,' Boardman & Eccjgs LC .' Coathing Itovr5 forschoo15' deyelopmglll I wogrdmme . Camps led by Great Bthain thets to Inspire lh8 next generallon ,' Gfeal Btiialn LBcr05se Page 6
Tlie Lacrosse Foundation Trustees, Rei)ort Iiiiyiicl of oiirgi'aiils We request tliat all 'all1 rectpients subiiiil a Monitoring & Evalualioji report, iiiith both quantÈtative and qualilalive data, typically between 9-12 ¥nonihs froni the grailt aivard date. We are very 'ateful to tlke giant recipieiits tliat l)ave siibiiiitted tlieir ieports a5 they give us a Ereat insiEI)t into the Rii)pact of oui- fuiidiiig. Hoivever, illost applicants do not submit Ilieir reporls ivithout a remilldei-. Volunteei. resources ivitliin tlie Fouiid%Llioii l)avc b¢eii iiisufficient to chase Iliese, but ive I}e re¢ei)tly niade a Coiic¢rt¢d ¢floit to collect outslandiiig data. The beloiy dala is Iherefore based only on the repotis we have received aiid does A)Ot reflect the full ¢xteiit of the ill]pact our gtanis deliiier. There 15 necessarily a delay in the gralll being awarded aiid receiviiig the Nloiiitoring & Evaluation i-eport so our Coiiiinuiiicatioiis Teani also directly eiigages Ivith sonie g[lt recipieiits to publicise their project oil our websilc. Jiiii)acl iii 1114iiibeis Flu.6 Impact of some grants awaided thls year GrantReciplent Graiitvaliié. Pury)ose £2.576 Cuiiicutum Lacrosse Bishopha]t School ' Tudoi Grange Academy I lQ'figshuist .' Cheadte Lacrosse Club , University ofsuffey i Lacrosse Club Royal Agriculluial i UniveT5ity Students. Union 364. £2,080, Cui(iculum Lauosse SW £3,50Q,' Lauosse in local schools l Launch ol lau05se in £3.7001 CECU1M 4491700%) 21 (47%) i Field equipment to support £1.045,: giovélh 17(110%) | Oasls Acaderny Oldham £4,974.. Cuiiiculum Lacrosse 352. liiipcicl iii 11goj.ds Hei'e is sonie of tlie positive feedback ive have receFved from grdnt recipients: rroni a scliool- 'Sludents ei?gaged ivell Ivitli the pi'ograinme and liked hailing neiv eqiiipnieiit. Studeiits all staited oft at tlie same level as iio oiie liad played it before. Staff also enj(¥yed deltlTeriiig a neiv sport." Fron) a cliib: 'Thanks ngftiii. as iliisyeai. iiiaj? see ihefijsl liiiie in 4 yeais ilial iii£ capi Èiifei" api U12s ÉertFii IJ¥lo (he leagiie. Fi'ojn a uniliei'sity: Oiii-freslieps dei)elopnJeAt ivox us Club of the yeai- 2024for ilie Uiiiveisilj? sliidÈiil uiiit)?i. liigliligliling hoiij iiy al-e maA7iig nFi imprtcf on Ihe g)OH)Ili ofihe sporl. Froni a iiniversity- "The fiindiiigfroin TLF wa.y aTJiÉyzi7ig iii alloiving 10 keep people alli'acled io ilje spoJ"I once iljeji Miel'e bi'oiiglil ill. Thi-014gli Ihe Jiiiiding iiie liod flie egiiipiiienl Io Fijake supe iieiv iKe117bep's coiild PToperlJi li'aiii andpi-aclice tlie sknlls ieqiiij edfoi- tjie spop-t. Page 7
The Lacrossc Foundation Trllstees, Report Fiiiancfial rLivieii' Policy ON I'eseives Tlie tTUStc¢s hold casli res¢rves to meet onc year's projected expendiliire. Funds will be invested io genernte a loiig-tetm r¢luni After expens¢s ill excess of inflation of 40/0. This should cr¢aÉe incom¢ lo meet administrattve costs and grallt givll)g ivhitsl inaintaining tlle real vRlue of the assets. At the year end tlie cbarity licld total unrestricted reseTV¢S of £804.120 (2023: £853,224) of ivhicli £780,435 (2023: £827,975) are lield in inv¢stJncnts leai'ing £23,685 (2023: £25,249 ii) free res¢rves. This Icvel is sufficieiit to niect Ili¢ next year's projected penditUrC. Plaiis for future periods Aiiiis aiid kejj objectivesforfiiliireperiods The tnist¢es ar¢ carryiiig oiit a r¢view of The Foundation, strategy moiriDg fonvard to 2030 led by rec¢ntly appointed trustees. Th¢ focus is on Yoiilh EngaEement. Club and Volunteer Groivth. and refocu5uig our COD]muiiicalions alld grant i)Janagei)ient on our revised strategic objecliv¢s. This lliclud¢s a review of the tnisl's Eovei"naiice slnicture to ensure it r¢niatlls at the liead ofthe bcsl practice in Iruslee managei)ient. Tjie anni1 report was approv¢d by the trust¢¢s"of the charity on 30 January 2025 and sigmed on its b¢half by: Mr R Colliiige Trustee Page 8
The Laci"osse Foundation Statement of Trustee5' Responsibilities The tnist¢¢s are Tesponsible for pJepariiig Ili¢ Inist¢cs' r¢port and Ihc fillancial stateilienls in accoidanc¢ ivilli 11)e Unit¢d Kitigdom Accoiiiiting Stsnd8rds (Ullited Kingdom Generally Accepted Accoiinting Piactice) aiid applicable law and repJilatiODS. Tbe laiv applicable to cliarities reqitires tlic truslccs to pr¢p2r¢ finaiicial slalejnents for eacli fin2n¢ial year ivliich give a tnie aiid fair vieiy of Ilie state of affairs of the charity alld of the incoJDing resoiirces and applicalioll of rcsoiirces of tlie cliarily for that period. Iii pR'eparing these fiDancial 5taleJneLils, th¢ Irust¢¢s are iequired to: select suitable aceoiinting policies and then appty theni consistently. observe tlie Ineihods and principles ui tlie Charities SORP- make jvdgeinenls and estin]ates that are rcasonabJ¢ and prndellt: sLit¢ ivheilier 2pplic2ble accounting slalidards have been followed. subject to any n?at¢rial d¢paFtw'es disclosed and explained in thc financial statenienls. and prq)are the fmancial statements on the going concem basis unl¢ss it is inappropriate to PTesiime that the ¢liarity ivill continue iii biisÉne55. The tnislees are iespollsible for keepinE proper accoiintiiig r¢cords that disclose ivitb reasoiiabl¢ accuracy at any ttiiie tlie financial position of the charity and ¢iiabl¢ tlicni lo ensiire Iliat tbe fm8nGial st8l¢lli¢nts colnply ivitli the Cliarities Act 2011, Ihe applicable Chaiili¢s (A¢¢oui)ts and Reports) Regulatioiis, and tli¢ proviskolls of tlie constitiilioii. The trLlStees are also respousible for safeguarding tlie a5s¢ts of the cbarily and li¢nc¢ for taking i'easoiiable steps for tbe preveiilioii and deteclioii of fraud }d otlier iri'egularilies. Approved by the lnlee5 of dke charity on 3I1.January 2025 and siglled on Ats behalf b Mr R Collfftnge Tn]slee Page 9
The Laci'osse Foundatioii Indepeiideiit Examinei s Repoi"t to the trustees of Tlie Lacrosse FouiidatÉon I i'eport oji tlje accounts of the charity for Ilie year ended 31 March 2024 ivhich are sel out on pages I I to 19. Resi)ectlve i'espoiislbilities of trustees aiid exaininer Tlie Iriislees al'e responsibLe for Ihe preparalion of tlie accouiits. Tl)e Iruslees consider tliat an audit is iiot required for this year under section 144(2) of the Charities Act 2011 (Ilie 201 l Act) and tlittt ali independent exanjiiiation is Iieeded. It is ii)y rcsponsibility to: exaii)iti¢ Ilie accoiinls ulldel. section 145 of the 2011 Act", to folloiv the piDcedures laid doivn in the general Directions given by the Cliarity Con]mission under section 145(5){b) of tlie 2011 Act. and to state ivhether particillar tiiallers hav¢ come to my attention. BasAs of indepeiident exaininei"'s i'eport My ¢xaiiiinalioii ivas Caled out in accordance ivitlj the general Dlrections given by Ilie Cliarity Conunissioii. An exainination includes a ievieiv of the aceoiinting records kept by the charity aiid a coinparisoj) of the accounts presented ivith tliose records. Il also includes consideration of any unusual itenis or disclosures iji the account8, and seeking explanations froni you as trustees eonceniing any such mattel's. The pi'ocedures iindertaken do not proiFide 211111¢ evidence that ivould be required iii ali aiidit and consequeiitly no opiiiioii is giireii as lo wlietlier the accoiints pr¢seJit 2 'true and fall. vieiv, and tl)e report is limited to Iliose iiiatters s¢t out iii the next statenieftt. liidependeIit eAan)iner's statenieAIt In ¢oi)iiection vryth iny exanui)ation. no matter has conie to my attettlion: (l) Ivhicli gives nie reasoi)able cause to believe that in an}r n)aterial respecl the requiremeiits." to keep a¢¢oiiiiliiig records in accordaiice ivith section 130 of the Charities Act 2011. and lo prepare accouiits ivliicli accord ivitl) the accounting records and coiiiply ivitli tl)e accounling reqiiirenients of the 2011 Act have not been met. or (2) to u,hicli, iii niy opinion, allenlion should be drdivn in order to enable a proper understanding of the accounts to be reached. Helen Biiins FCA Beever alid strnthe Cliartered Accountants One Express l Geoige Le1 St Mancliester M4 5DL 30 January 2025 Page 10
The Lacrosse f¢ oundAtion Staten)eiit of Fijiaiicial Activities for the Year Elided 31 Mai'cli 2024 Unresti'icted funds Resti'ieted fund5 Total 2024 Total 2023 Note Jiiconie and Eiidoii'ineiits froin: Donatiolls and legacies Investment incoLne 13,463 13,463 23,096 42,503 22,526 23.096 Total Income 23,096 13,463 36,559 65,029 Eipeiidl¢ui'e on: Cl)arÈtable acliiiities (125.660) (13,463 (139,123) (171,286) I'otal Expendittwe (125.660) (13,463) {139,123) (171,286) Nel expenditui Otlier galiis aiid losses Unrealised gains1105ses on iI)v¢slin¢iil assets (102.564) (102,564) (106,257) li 53,460 53,460 79,487) Net inoveillent in fillids (49,104) (49,104) (185,744) Reeoiici112tlon of flliids Total fiLiids brought fonyard 853,224 853,224 1,038.968 Total funds cari'ied fonvard 14 804,120 804,120 853,224 Ullresti'icted fuuds Restrieted funds Total 2023 'ole liicoilie and EiidoiYnieJits fi'oni: Doiialioiis aiid legacies liivcstiiieiil iiicoiiie 42,503 42,503 22,526 22,526 Total Illconie 22,526 42,503 65,029 EI)elid1tUi't oil: Cliarithble aclivitÉes (128,783) (42.503) (171,286) Total Expu)ditw'e Gall/10sscS on investineiit assets (128,783) (79,487) (42,503) (171,286) (79,487) Net inoveinent An fuiids (185,744) (185.744) Reeoiieiliatioii of fuiids Totsl ndS brouglit fonvard 1,038,968 1,038,968 Total funds carri¢d foi'ivard 14 853,224 853,224 All of tlie cliarity's activities derive from contijiuing opei7lions during tlie above livo periods. Pagell
Tlie Lacrosse fiouiidation (Registratioii nuinber: 1117592) Balaiice Slieet as at 31 mai.ch 2024 2024 2023 Note FIEed Assets Inveslii)enls 780,435 827,975 Cui'i'ciit assels Debtors Cash at bAnk 2nd iii hand 12 501 26,893 400 26,675 27,394 27,075 Ci'editors: AOu]it5 falling due ii'ithim one year 13 (3,709) (1,826) Net cui'reiit assets 23,685 25,249 Net assets 804,120 853,224 Fiinds of the eliai'ity: Uniesti'leted income funds Unrestricted fiinds 804,120 853,224 Total fui)ds 14 804,120 853,224 The f&i)artcial statenients on pages I I to 19 iverc approved by the trnstees. aiid autllortsed for issue 011 30 Janiiary 2025 and signed on tlieir belialf by: TrAr R Collinge Tiustee Page 12
The Lacrosse Foundatioii Notes to the fl ijiallcial Stateijients for tlie Yeai" Elided 31 Mai'cli 2024 l Genei'al Infoi"niation Tl)e cliarity is a public bcnefil eiitily and a registered cllarity in England aiid Wales and is uiiincotporated, The addicss oft]ie priiicipal oifice is Flai 12, mla1singlni, St Joknis IIFood Park, LoIidon, NW8 6RG. 2 StAteJiient of Coriip112llte These flnaiicial statements hai?e been prepared in compliance i14tli FRS 102. 'Thc Fiiiancial Reportiiig Standard applicable tn tl)e UK and 11)e Republic of Ire121)d', the Staiement of Reeojiiiiieiided Practice applicable to chai'ilies preparing tlieir accounts iii accordance ivith the fffinaiicial Reporiing Stai)dard applicabl¢ iii th¢ UK aiid Republic of Ireland (FRS 102) (Cl)aritics SORP (FRS 102)) aiid tlie Charilies Act 2011. 3 Accouiiting policies Basis of Pi'epai'atioii Tlic fii)aiicial slatenients have been prepared oil the Iiistorical cost basis, as tnodifled by tlie revalltiOn of certaiii assets and liabilities aiid investsnelll properties measured at fair iialue through ii)conie or expetiditiire. Tl)e finaiicial statenKnts are prepared tn sterling) ivhich is the functional currency of tl)e ¢iitity'. Goliig eonceyn Tlie trustees coEisider thal there are no material uiicertainlies about tlie cl)arity's ability to colltillue as a going coiicei'n. Fuiid Accountliig Unresti'icted ndS are available for use at the discretion ofthe trustees to riher any of the cliarityos purposes, DesiE112ted funds are unrestricted funds earinarked by the knistees for PaTticulai- fuiure project or coiwiiiti)ient. Restricted fu?Ids al'e subjected to i'eslrictions on thepr expenditure declared bji the doiior oi. IhiDiigli tlie ternis of aij appeal and fall Anto one of tivo sub-classes." restricted incoine fuiid5 or elidonellI funds. Page J3
The Lacrosse Fouiidation Notes to tlie Finaiicial st2teiiieiits for tlie Year Elided 31 Trlai'ch 2024 Iiicoiiiiiig Rcsources All ii)con)ing resources are included in the statenienl of financial a¢liiiities ivlien enlitleiiiei)t Ilas passed to t])e charity. it is probable Iliat the econoinic benefits associated ivith the transactioi) Ivill floiv to the charity 2nd tlie aiiiouiil can be reliably measured. The following specific policies are applied to parlicular categories of ii)com¢: iiicojne froiii donations or grants is recognised .1}en there is evidence of entiileineiil to the gifL receipt is probabLe, alld its ajiiount cart be measured reliably. legacy iiiconie is recogiised ivhen xeceipt is probable. aild entitleii)eiit is established. iticotiie froiii donated goods is Jiieasuied at tl)e fair value of the goods wjless tliis is iiyipi7cti¢al to n)¢asiire reliably, li} llihich case tlie value is derived froin tl)e cost lo tl)¢ doiior or tbe esttlliated res31¢ i?Rlu¢. DoLiated facilities aiid sei-vices ale recognised in the accounts ivhej) received if tlie value can be reliably measured. No amounts are iiicluded for tlie coiilribution of gelleial volunteers. inconie fi'oiii contracls for tlle supply of services is recogiiised ivitli the deliiTeiy of the cotiti'acled seivice. Tljts is classified as uiirestricted funds unless tliere is a coE)Iraclual requii'enieiit for it to be spei)l on a particular piii-pose and Tettinied if unspent. in ivllicli case il niay be regarded as restricted. Resources Expaiided Expendituye is i.ecolIsed oil an accnials b2sis as a liability is tncurred. Expendilure includes aiiy VAT wliicli cai)not be fiilly recoiTered, alld is classified under headings of t])e statenieiit of fiiiancial activittes to Ivliicli il relates.. expenditure on raisiiig funds includes the costs of all lmIraIsi1}g activities, ¢iy¢nts, iioii-chai'ilable ts'ading activities, and tl)e sale of donaled goods. expei)dittire on cliarilable aclivÈti¢s incliides all costs incurred by 2 chai'ity in undertaki118 activities that fui-the tls charitable ainis for t]ie benefit of ils ben¢ficiaries, includiiig tliose support costs and costs I'clalillg lo tlie govei'iiallce of the cliarity apportioned to cliaTltable aclivfilies. 4 oilteA' expeiidilui'e iiicludes all expeiiditure that is neiiher related to raisiiig fuiids for the charity noi- pai't of its expeiiditure oil cl)atitable activities. All costs are allocated lo expendiliire Categories reflectiDg th¢ us¢ of the resoiirce. Direct costs alti'ibutable to a Single activity are allocated direcily to thal acltvity. SliaTe costs ar¢ apportioiied behveen tlie activities they contribute to on a i'easonable, justifiable aiid lIs1sten1 basis. l¢ixed 25set iiivesliiieiits Uiilistcd ¢qiiily investments are initially recorded at cost, and subsequently nieasiwed at fair value. If faTrr vallie Cal0t be reliably nieasured, assets are measured at cost less impairiiient. List investinents are nieasiired at fair value with chaiiges in fair value being recogiiised in iiicome or expenditure. Page 14
The Lacrosse Foulidation Notes to tlie Finaiicial Stateniellts for the Yeai. Ended 31 March 2024 Trade debtoi's Debtoi's are recognised at the settleiiient aimount, less any provision for non-yecoverability. PlEpa)Imits al'e valued at ihe aiiiollnt prepaid. Casli and casli equii'aleuts Casli nd casli equivalents copiiprise casli on liand and c311 depostts, and otlier shorl-teiin highly liquid investinents tliat are readlly convertible to a knoivn amount of cash and are subject to an iiisigiiificant risk of chaijge iti iialue. Trade ereditoi's Credilors are recoEnised ivliere ihe charity has a present obligation resulling fiY)m a past eveni Iliat will probably iesult in the transfei- of funds to a third pwlji and the amouni due to settle the obligalion can be measured or e51iin&ted reliably. Creditors are nomially recognised at their seltlement amouiit. iiaiielal liisti-iiinents Clussificolion A fi11)ela1 asset or a financial liability is recognised only ivhen the cliarity be¢onies a party to the contnctual provisions of tlie insli'ume)It. Basic fiiiaiicial iiislniilleiils are initially recognised al Ilie aiiiount receivable or payable iiicludiiig 2n)F related Éransftclion costs. Th}e1)t assets aiid cui-reiit liabilitie8 are siibseqiienlly ineasured at the Cash or other eonsideratiofti expected to be paid or receii'ed aiid not discounted. Whei'e ii)iiesliiients in sliares are piiblicly traded or 11)eir valiie cali otlieiwise be i)ieasui'¢d reliabl5', the iniiesliiieiit is subsequeiitly iiieasiiied at fair iialue iviili cliange5 in fair value recogiiised ill tiiconie and expeiiditure. All other siich investnienls are subsequenily illeasui'ed at cost less inipairn?ent. Recogiiilion fiiid riiecisiii'eiiieiil Finaiicial ass¢ts IliaÉ are measured at cost oi- anioitised cost aTe reijieived for objectiiie evidence if inlpaii'nieiit at tbe end of ¢acli r¢poTling fate. If there is objective evidejice of in)pairiiient. an iiiipairiiient 105S is I'ecogiiised Imdei. tlie appL'opriale lieadillg in the slaleii)ent of financial activities in which the iiiitial gain ivas recogiiised. 4 Iiieojne fi'oiii doiiattoiis and legacies Restrleted funds Total 2024 Totnl 2023 Donalioiis and legacies. Donations froni indii?iduals Gift aid reclaimed 10,850 2,613 10,850 2,613 34,002 8,501 13,463 13,463 42,503 Page 15
The Lacrosse Foundation Notes to the Fiiiancial Statemeiits for tlie Year Ended 31 March 2024 5 Iiivestiiient iiicoilie Uni'eslrleted funds Total 2024 Total 2023 General Interest i'eceivable and similar income. Interest i'eceivable on bai)k deposits Otlier income fiDiii fixed asset investnients 346 22,750 346 22,750 23,096 90 22,436 23,096 22,526 6 Exp¢ndiÉui'e oil cliaritabRe aelii'ities UiiYestrRcted fuiids Restrlcted fuiids Total 2024 Total 2023 Ceiieiml Note Lacrosse promotion Allocated support costs 121,409 4,251 13.463 134,872 4,251 166,159 5,127 125,660 13,463 139,123 171,286 Page 16
The Lacrosse Fouiidation Notes to the fiiiaiicial Stateinents for tlie Year Elided 31 Mai'cli 2024 7 Aiialysis of support costs Support costs AIEoc&ted to chai'ltable 4c¢lvl*les I'otal 2024 Total 2023 Coinniuiiications and IT Iiisurance Bank cliarges Subscriptioiis Accountai)¢y fees Legal f¢¢s GeneE?l adinii) costs Trnstee tiaining 932 291 92 253 L,890 492 301 766 1,800 780 821 960 4,251 5,127 8 Graiit-iiiakiiig An2lysls of gi'ants 2024 2023 Anal)Isls Grants to institutions 134,872 123,656 Dui'ing th¢ y¢ar grants iirr¢ iiiad¢ to 51 (2023.40) institutions. 9 Ti'ustees reiiiuneration 211d eipeiises Diii'iiig the yeai. tlie cliariiy inade the followiiig tTansactions ivith trnstees: £198 {2023.. £33) of expenses Ive reiinbursed io during Ibe year. No tstee5, nor any persons connected witli Iheiii, have received any remuneration fi'om the chaiity diiriiig tl)e yeat-. No trustees have received aiiy otlier beneflts from the charity during the y¢ar. Page 17
The Lacrosse Foundation Notes to the Fiiiancial Statements for tlie Year Ei iided 31 MAI"cli 2024 10 Taxation Tl)e inconie aiid gains of the charily are exempi from taxation lo the extent they are applied to ils chai'ltable objectives. 11 Fixed asset iiive$tI)ients Listed inves¢nients Total Cost oi" Ilaluafioll At l April 2023 Revaluation Disposals 827,975 53,460 (ioi,000 827,975 53,460 ioi,000) At 31 Marcli 2024 780,435 780,435 Net book VAlue At 31 Marcli 2024 780,435 780,435 At 31 Mai'ch 2023 827.975 827,975 All investineiits shoivji above are held at valualioii. The bRsis of fair value is equivalent to the nl'ket iialue per tlie investment portfolio. Investinents eoinprised of: Equities PJ'opert)i and altei'natiit¢ assets 74.4% Boiids Casl) aiid casli equivalei)ts 12 Debtors 2024 2023 PrepalIentS 501 400 13 Creditors; aii)ouiits falliiig dlle M'itliin one }'ear 2024 2023 AccnlS 3,709 1,826 Page 18
Tlie Lacrosse Foundatioii Notes to tlie Fiiiaiicial Stateiiients for tlie Yeai. Elided 31 Mai'cli 2024 14 Fuiids OtlieR' Rcsovrces reeognised expeiidcd £ainsl(losses) Balaiiee at 31 Mai'eli 2024 Balaiice at I Aijril 2023 Ineoming i'esources Uiii'estrieted funds Geiieral 853,224 23.096 (125.660) 53,460 804,120 Resti'icted fuiids 13,463 (13,463) Total funds 853,224 36,559 (139,123) 53.460 81i4,120 Otlier Resoui'cts reeogiiised expended gaiiisl{losses) BAlaiiee at 31 Mai'ch 2023 Balanee at I Api'il 2022 IiieoJnTllE resoui'ces Uni"esti"icted funds G¢iieral 1,038,968 22.526 (128,783) (42.503) (79.487) 853,224 Restricted fuiids 42.503 Total funds 1.038,968 65,029 (171,286) (79,487 853,224 15 Aiial)'sis of net Assets between fuiids Uni'estrlcted funds Geiieral Total funds Fixed asset iiiirestments Cuiyeiit assets CUrnt liabilities 780.435 27,394 {3.709) 780,435 27,394 (3,709) Total n¢t assets 804.120 804,120 16 Related pAI'ty ti'aijsaetioiis Durtng tlie yeai. the chariiy made the folloiving related paty transactions: Robert Collinge (CILair of tlie Tn151ees) Diiriiig tlie )'eai', Mi- R Collinge doiiated £Nil (2023- £33,600) for tlie pury)0ses of 1}ding a BOA Lacross¢ facilitj,, aild £400 (2023: £352) for referee traliiii. At the balaiice sheet date the an]ounl due tolfi'oin Robert Colliiige was £Nil (2023: £Nil). Page 19