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 o￿lte 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 It￿e5, (Appointed 15 February 2024) Mr P G M Jessup Ms S IAptain, (Appointed 15 FebTuary 2024) Mr D D Mu￿1]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 Irl￿t changed its ll￿1]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 I￿st 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 tn￿leeS 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'cuiiislmenl 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￿&c￿lUM la(tt￿se I Slitss, ba15 and goals lor cullia￿l￿n lau05se I I Pop la(sossg sticks. ba15 and gDals I i cuthculum laL¥OSse ', Sl(ck8, balls and goajs lor cUthcu￿M la(xosse j | sticks. b3lLg and go* for cuni0J￿ffl lauosse £2,320 £TioI , Poveiesl PFlmary Sr￿007 ,' 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 | Multi￿8 pop lacrosse sels to Intr0￿ce , 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 PaJkneI5h￿l | Field sticks lo launch lactOS5e al 5thoL45 in Ihe Pather5hip '" RoyalAgricuJluralUn5Ywsity i Field equipmenl lo support gIf￿h ." Sluilents. Uiion £2,478 £2.481 Oasls Acadelly Oldha Lau055e slr£ks, ba115 and goats and coaching hou15 lot C￿￿]￿J1￿M 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 C￿￿ECU1￿M 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 anni￿1 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 ln￿lee5 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 Ca￿led 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 E￿I)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: A￿Ou]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, mla1singl￿ni, 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 revall￿tiOn 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 elido￿￿nellI 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.eco￿lIsed 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 Cal￿0t 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)Im￿its 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 fi￿11)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 t￿stee5, 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 n￿l'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 Prepa￿lIentS 501 400 13 Creditors; aii)ouiits falliiig dlle M'itliin one }'ear 2024 2023 Accn￿lS 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 CUr￿nt 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