Company registration number.. 06505701 Charity registration number.. 1123597 SKRUM IA c¢)mpany limited by guarantee) Annual Report and Financial Stal8ments for the Year Ended 31 December 2022
SKRUM Contents Trustees, Report 2to5 statement of Trustees. Responslbillts'es Independent Examinerfs Report Staternent of Financial Actiwlies Balance Sheet Notes lo the Financial Statements 101017
SKRUM Reference and Administrative D8tall$ Trustees Mr C P OINer- Chairman Mr R Glanville Mrs J Golding Mr N Larcombe-williams Mr T Muller-Fosler Mr C M Forster Prlnclpal Offlce.. 12 Fitzford Cottages Taiislock Devon PL19 8BD The Charity is incorporated in England and Wales. Company Registration Numbèr.. 06505701 Charlty Reglstratlon Nurnber.. 1123597 Pa98 1
SKRUM Trustees, Report The Trustees, who are directors for the purposes of company law, present their annual report together wllh the financial stslem&nis of tho Charitable company for the year ended 31 December 2022. Objects and aims The Charity aims lo give hope lo the youth of Eswalini by using the game of rugby and its core values lo engage the children and al the same lime edLJcaling thèm about HIVIAIDS, inspiring better leadership in communities, raising awareness of gender violen¢e and promoting the bengfits of schoDI and education. Public benefit The Charity benefits the publi¢ by ftjrthering physical education of the younger generation through the leaching of sport. Conne¢ty'ng Schools across Continents - through ils School Partnership Programme the Charity helps lo foster relationships b8tw&Én schools in the United Kingdom and partner schools in Eswatini thus raising awareness in the United Kingdom whilst also providing opportunities lo raise funds to finance the Charity's activities in Southern Africa. The Charity also helps by educating the children in Eswalini on how to protect themselves against HIVIAIDS thus leading lo an overall reduclitsn in the rale of nfe¢tion. The Charity promotes gender equality in Eswalini empowering girls lo say 'No leading to o reduction in teenage pregnancies and gender based violence and introducing children to the game of rugby, encouraging them lo play sport & slay healthy. leading to an improvemenl in Ihe health and fitness of children in Eswalini. A¢hievements and perfomiance In 2022, January to December has been somewhat of a roller coaster for schools and SKRUM Esw81ini. The y8ar slartgd off well with schiX)Is reopening in January and all was well. Exams took up most of January. February saw a conlinualion and escalation ol the civil unrest experienced in 2021 with strikes throughout the ¢ounlry which led to many pupils not attending school for safety reasons. Crime levels rose and road blocks were frequent. In March schools reopened and a period of rolalivg calm was experienced within the country. In April and May sporadic strikes by school pupils throughout the country saw violence Tmlhin schools with a number of schools being buml. The schools were closed. During the period June lo December, SKRUM was able to visit schools and hold classroom and coaching sessions. During the year, thg SKRUM tgam visited schools where and when possible and mel with head teachers, 5POrts teachers and guidance teachers lo discuss the issues and their experiences pertaining lo HIVIAIDS, gender equality. teenage pregnancy, drLJgs, and alcohol abuse by pupils. All feedback suggests the situation in the country has worsened due lo the polits'cal demonslralions and instability over the last two years and the numbers have risen. Page 2
SKRUM Trustees, Report It was found that Head Teachers appreciated being able to share their worries for their pupils with the SKRUM tearn and receive help in addressing key issues in tha classroom sessions. EncoLJraging children to slay in school was in their b$sl interests. For the limited number of sessions taking place. the pupils benefitted from the distraction from the internal political problems by playing sport, with all the physical and mental benefits that sport brings, and the Classroom sessions addressed the important problems that the youth of Eswatini were experiencing during this difficult ye8r. During the year. a new coach was taken on and the team has now grown lo 4 coaches including Michael Collinson, the founder of the charity. Training Sessions.. Twenty five1251 Training Sessions. Boys benefiting - One thousand & thirty seven11,0371 Girls ban8fits.ng - Seven hundred & eighly17801 Classroorn Sessions.. Twenty six1261 Classroom Sessions. Boys benefiting One thousand nine hundred & sixty six11.9661 Girls benefIttng - One thousand eight hundred & fifty eighl11,8581 Financial Review The Charity received donations during the year lotalling £35,481 12021.. £25,269). Following the pandemic events were scaled back from January 2022 Ljntil JLJne 2022 whèn the Charity was able to resume classroom visits and coaching. Total expenditure during the year amounted to £31,822 12021'.£31,0591. At the year end total reserves stood al £22,82012021.. £19,161). Policy on reserves Monies are being held for future donations to SKRUM Swaziland and charitable events to raise awareness and lo cover general running costs for the next 3 months. The Trustees consider that this level will ensure that there are sufficient funds available lo cover support and governance costs. At the year end, the unr8Strictgd funds stood al £2,588 12021.. £1,075) which can be considered as free reserves. Use of volunt&ers The Charty makes no use of any volijnleers. other than the Trustees. Prin¢ipal funding sour¢e$ The Charity receives ils funding from donations and grants. Page 3
SKRUM Trustees, Report Going concern Due lo the pandernic, the Trustees have had lo review our Policy for raising funds for 2022 and future years il we are going to continue as a Charity. During the year our op8ralions wore scaled back lo align with the funds that were available to transfer lo Eswalini and we managed lo meet our revised objectives. As a Charity who spends 100 /0 of its resources overseas there w&re no governrnenl grants available lo help us throLJghoul the year. Revenue from schools partnership programmes was non exislenl bul we were grateful lo receive a large batch of sports kil from one of our schoDI partners (Marlborough College) which was expedited lo Eswatini to provide schools there with much needed training attire. We lost the services of one of our female coaches early in the year but were fortunate in replacing her with another good female coach lo carry on our Female Equality Sessions. We also lost the services of our marf(eling and communications executive who h&lped organise our events in the past and was responsible for appls4ng to various ¢harilitss for funds. Thi5 meant that a total re-think was necessary on how we operate in the future and where we go to gel our funds. The Trustees therefore decided to switch the emphasis from organising events and visiting schools lo attract grants to seeking funds from charitias willing lo support our efforts and objectives lo reduce the scourge of HIVId$ among the young p8ople of Eswalini. To this end the Gharity has been fortunate in securing a grant from the Atlas Foundation of £20,000 paid quarterly up to March 2023. This grant, together with the last tranche of the SOL Foundation three year award thal is due in February 2023, for the sutll of CHF15,000 lapprox £11,000) will enable thè Charity to provide funds to Eswalini for a further year. However, in doing 50 we will hav8 lo draw on our reserves or lower our budget commitments. The Charity intends applying for fLJrther grants in the coming year including the Mercury Phoenix Trust which has been so generous lo us over the past years. We are still hopeful that the Eswalini High Commissioner's promise of a grant will be forthcoming and this could amount lo £8,000 during 2023. These grants together wth small donations receivèd from members of the public who have supported Skrum over the year5 and in particular a lucrative tennis lournamenl organised by one of our TNslees should see the Charity in a viable position for al least the next two years. On this basis the accounts have been prepared on a golng concern basis. 11 musl be noted, however, that raising funds for a foreign ¢on¢ern in a period of hlgh costs of energy and food, together wth the problems that exist with the war in the Ukraine, is causing the Trusle&s some ¢oncem and during 2023 we will have lo look closely al how we are going lo provide funds lo Skrum in Eswalini. With this in mind il is intended that representatives from the Trustees will visit Eswalini in 2023 to discuss these problems with the CEO and explore what il is the Trustees can do lo assist Skrum in Eswalini should the Charity in the UK not be in a position lo continue financing a number of their projects. Page 4
SKRUM Trustees, Report Structure, governance and manag8m8nt Naturo of governing document The Charity is controlled by ils Governing Oocumenl. a Deed of Trust, and Conslilules a company limited by guarante&, as dtrfined by the Companies Act 2006. Recruitment and appointment of Trustees Trustees are invited lo join by the existing group of Trustees. Appointments musl be agreed by a majority vole. Inductlon and tralnlng of Trustees New Trustees are trained lo ensure that they are following the guidance on generating funds for the Charills purpos& lo the correct standard. Arrangements lor setting key management personnel remuneration The Charity Considers all Trustees lo be key managemenl personnel, all of whom are volunteers and receive no remune lion for their roles as Truslees. The annual behalf b 2410412023 s approvod by the Trustees of the Charity on .................... and signed on its MrNLar Trustee Pa98 5
SKRUM Statement of Trustees, Responsibilities The Trustees Iwho are also the directors of SKRUM for the purposes of company lawl are responsible for preparing the Truslee5' rerjort and the financial slalemenls in accordance with applicable law and Unitèd Kingdom Accounting Standards Iunited Kingdom G&nerally A¢¢epled Accounting Practicel, including FRS 102 'The Financial Reporting Standard applicable in th& UK and Republic of Ireland.. Company law requires the Trustees lo prepare financial siatemenls for each financial year. Under ¢ompany law the TrLJStees must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of tha state of affairs of the charitable company and of the incoming resources and application of resources, including ils income and expenditure, of the charitabl& company for that period. In preparing these financial slatemenls, the Trustees are required lo.. select suitable accounting policies and apply them consislenlly., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent.. stste whether applicable accounting standards, comprising FRS 102 have been followed. subject lo any material departures disclosed and explained in the financial 51atements'. and prepare the financial slalemenls on the going concern basis unless it is inappropriala to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that can dis¢lose with reasonable accuracy at any lime the financial position of thè charitable company and enable them lo ensure that the financial st tements comply with the Companies Act 2006. Théy arè also responsible for safeguarding I assèts of tha charitable company and hence for taking reasonable slep5 for the prevention and tection of fraud and other Irregularities. Approve ruslees of the Charity on 2410412023 and signed on its behalf by: MrN Trust Page 6
SKRUM Independent Examiner's Report to the trustees of SKRUM ('the Company,) I report lo the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022 which are sel out on pages 8 to 18. Rg$pon$lbllltlos and basls of rèport As the Charity's Trustees of the SKRUM (arid also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requiraments of the Companies Act 20061'the 2006 Act'l. Having salisfled myself that the accounts of the SKRUM are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in resp1 ol my examination of your Charity's accounts as carried out under section 145 of thè Charities Act 20111'lhe 2011 Acl'l. In carrying out my examination I have followèd the Dire¢lions given by the Charity Commission under section 14515llbl of the 2011 Ad. Ind&p¢nd¢nt ¢xamlner's Statoment I have completed my examination. l ¢onfirm that no matters have come lo my allenlion in connection with the examination giving me cause lo believe.. 1. accounting records were not kepl in resp8cl of SKRUM as required by section 386 of the 2006 A¢l,' or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which is not a maller considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordanc& th tha Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come a¢ross no other matters in connection with the examination to which attention should bè drawn in this report in order to enable a proper understanding of the accounts lo be reached. i (knk Dun¢an Leslie PKF-Francis Clark LLP Melville Building East Royal William Yard Plymouth PL13RP Dale.. 2610412023 Page 7
SKRUM statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Racognised Gains and Losses) Unrestricted funds R8strict8d funds Total 2022 Note Income and Endowments from: Donations 2,088 33,393 35,481 Total income 2,088 33,393 35.481 Exp&ndlturg on: Raising funds Charitable activities 11371 13011 12,6231 128.761 12,7601 129,0621 Total expendittjre 14381 131.3841 31,8221 Nel income Transfèrs between funds 1,650 11371 2,009 137 3,659 Net movement in funds 1,513 2,146 3,659 Reconciliation of funds Total funds brought forward 1,075 18,086 19,161 Total funds carried forward 12 2,588 20.232 22,820 Unre$trl¢ted funds Restricted funds Total 2021 Note Income and Endowments from: Donations 2,561 22,708 25,269 Total income 2,561 22,708 25,269 Expenditure on: Raising funds Charitable activities 16,6311 13,7661 16,6311 24,428 20,6621 Total expenditure 110,3971 120,6621 31.0591 Nel lexpendilurellincome 7.836 2,046 5,790 Nel movement in fun(Js 17.8361 2,046 15,7901 Reconciliation of funds Total ILJnds brought forward 8,911 16,040 24,951 Total funds carried forward 12 1,075 18,086 19.161 All of Ihe Charitls activities derive from Continuing operations during the above kn periods. The funds breakdown is shown in note 12. The notes on pages 10 to 17 forrn an integral part of these financial stalemenls. Pag8 8
SKRUM (Registration number: 06505701) Balance Sheet as at 31 December 2022 2022 2021 Note Current assets Cash at bank and in hand 10 24,680 27,341 Creditors- Amounts falling due within one year Net assets 1,860 18,180 19,161 22,820 Fund$ of the Charity.. Re$trl¢ted Income funds Reslri¢led Funds 20,232 18,086 Unrestricted income funds Unreslricled Funds 2,588 1,075 Total funds 12 22,820 19,161 For the fi'nan¢ial yoar ending 31 December 2022 the Charity was entiuèd lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the Charity lo obtain an audit of its acwunts for the year in quesbon in a¢¢ordan¢e with section 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act with respe¢t to accounting records and the preparation of accounts. The financial slate on 241Q4120 an ents on pages 8 10 17 We approved by the Trustees, and aulhorised for issug signed on their behalf by.. MrNL Trustee The notes on pages 10 to 17 form an integral part of these financial statements. Page 9
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 1 Charlty status The Charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the Trustees is liable lo contribute an amc>LJnl not exceeding £10 towards the assets of tha Charity in thg 8V8nl of liquidation. 2 A¢¢ountlng pollcie5 Summary of significant accounting policiés and key accounting estimato$ The prin¢ipal a¢¢ounling policies applied in the preparation of these financial statements are sel out below. These policies have been consislenuy applied lo all the years presented, unless otherwise slated. Statèmènt of ¢omplian¢e The financial slatemenls havo been prepared iri accordance with Accounting and Reporting by Charilies.. Siatemenl of RecoTnmended Practice appli¢able lo charities preparing their accounts in ac¢ordanGe with the Financial Reporting Siandard appli¢able in the UK and Republic of Ireland IFRS 1021 leffeclive October 20191- (Charities SORP IFRS 10211. They also comply with the Companios Act 2006 and Charities Act 2011. Basis of preparation SKRUM meets the d6finib.on of 8 public benefit entity under FRS 102. Assets and liabilities are initially re¢ognised al historical cost or transaction valu8 unl&ss otherwise slated in the relevanl accounting policy notes. Page 10
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 Going concern Due lo the pandemic, the Trustees have had lo review our policy fc>r iai5ing funds in 2022 and fuiure years if we are going to conb'nue as a viable entity. During the year our operations were scaled back lo align TAlllh the funds that were available to transfer to E5walini and we managed lo meet our revised objecti'ves. As a Charity who spends 1000/0 of its resources overseas there were no govemment grants available lo help us throughout the year. Revenue from schools partnership programmes were non exisl&nl bul we were grateful lo receive 8 large batch of sport kil from one of our school partners (Marlborough College) that was expadil&d to Eswatini to provide schools there wth much needed training attire. We lost the services of one of our female coaches early in the year bul were fortunate in replacing her with another good female coach to carry on our Femal& Equality Sessions. We also lost the services of our marketing and communications exe¢uliv8 who helped organise our events in the past and was responsibl& for applying lo various ¢harilies for funds. This meant that a total re-think was necessary on how we operate in the future and where we go to get our funds. The Trustees therefore decided to switch the emphasis from organising events and visiting schools lo allra¢l grants to seeking funds from charities willing lo support our efforts and objectives lo reduce the SCOLJrgé of HIVIAids among the young people of Eswalini. To this end the charity has been fortunate in securing a grant from the Atlas Foundation of £20,000 paid quarterly up to March 2023. This grant, together wlh the last tranche of the SOL Foundation three year award that is due in February 2023, for the sum of CHF15,aoo lapprox £11,0001 will enable the charity lo provide funds lo Eswalini for a further year. However in doing so we will have lo draw on our reserves or lower our budget commitments. The Charty intends applyng for further grants in the coming year including the Mercury Phoenix Trust which has been so generous lo us over the past years. We are still hopeful that the Eswalini High Commlssioner's prornise of a grant will be forthcoming and this could amount lo £8,000 during 2023. These grants, together with small donations received from members of the public who have supported SkrLJm over the years and in particular a lucrative tennis tournament organised by one of our Iruslees, should see the charity in a viable position for the coming year. On this basis the accounts have been prepared on a going concern basis. 11 musl be noted, however, Ihal raising funds for a for8ign ¢onc&rn in a period of high costs of ènergy and food, together with tho problems that exist with the war in the Ukraine, is caLJsing the Iruslees some Concern and during 2023 we will have lo look closely at how we are going to provide funds to Skrum in Eswalini. With this in mind il is intended that representslives from the Iruslees will visit Eswatini in 2023 to discuss these problems with the CEO and explore what il is the trustees can do lo assist Skrum in Eswalini should the Charity in the UK not be in a position lo continue financing number of their projects. Pag811
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 In¢om& and endowments All income is re¢ognised once the Charity has entitlement lo the income, il is probable that the income will be received and the amount of the in¢ome r8ceivable can be measured reliably. Donatlons and legacies Donations are recognised when the Charity has been notified in writs'ng ol both the amount and setuemenl dale. In Ihe event that a donation is subject lo conditlons that require a level of performance by the Charity before the Charity is enb'tled to the funds, the income is deferred and not recognised until Éither those conditions are fully mat, or the fulfilmenl ol those condiu'ons is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting pariod. Grants rècelvabl¥ Gr£nls are recognised when the Charity has an entitlement lo the funds and any conditions linked lo the grants have been mel. Where performance conditions are allached lo the grant and are yel to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts received for future periods and is released to incoming reSoUrS in the period for which, il has been received. Su¢h incorlle is only deferred when.. The donor speclfles that the grant or donation must only be used in future accounting periods., or The donor has imposed conditions which musl be rnel before the Charity has unconditional enliUefflenl. Expendlture Al expenditure is recognised once there is a legal or conslruclive obligation lo that expgnditure, it is probable settlement Is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs ¢annol be directly altribuled lo particular headings they have been allocated on a basis consistent with the use of rÈsources, with central staff costs allocated on the basis of time spent, and depreciation Charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activltles Charitable expenditure ¢omprises those costs incurred by the Charity in the delivery of its actlvilies and seNices for its beneficiaries. 11 includes both ¢osts that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Support costs Support costs include central functions and have been allocated lo activity cost calggories on a basis consistent wlh the use of resources. Page 12
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 Govèrnan¢è costs These include the Costs attribulabl? lo the Charity's Complian with conslilulional and slalutory rgquirements, including audit, strategic management and Trustees, rlleelings and reimbursed expenses. Taxatlon The Charity is considered to pass the tests sel out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definilion of a charitable company for UK corporation lax purposes. Accordingly, the Charity is potentially exempt from tsxalion in rtrspecl of incorne or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 258 of the Taxation ol Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £100 or more are initially recorded al cost. Fund structure Unreslrlcted income funds are general funds that are available for use al the Trustees, discretion in furtherance of the objectives of the Charity. Reslricled incorlle funds are those donated for use in a particular area or for specific purposes, the use of which is reslricled lo that area or purpose. Flnan¢ial in$trum¢nts Classification The company holds the followng financial instNmenls'. Short lerm trade and olher debtors and creditors.. Cash and bank balances. AJI financial instruments are classiliod as basic. Recognition and measurement The Charity has chosen lo apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the Charity becomes paty lo thfj ¢onlractual provisions of the instrument and derecognised when in the case of assets, the ¢ontra¢lual rights lo cash flows from the assets expire or subslanlially all the risks and rewards of ownership are transferred to another party, or in the case of liabilib'es, wh&n the Charills obligations are discharged, expire or are cancelled. Such instruments are inilialty measured at transaction price, including Iransaclion Costs, and are subsequently carried at the undis¢ounled amount of the cash or other considoiation expected to be paid or received, after taking account of impairrnent adjustments. Page 13
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 3 Income from donations and legacles Unrestricted funds G&n•ral Ro$trl¢ted funds Total 2022 Total 2021 Donations and legacies., Donations from individuals Grants, including Capital grants; Grants from other chariti'es 2.088 2,088 2,561 33,393 33,393 22.708 2,088 33.393 35,481 25,269 4 Expenditure on raising funds Unrestricted funds Gèn8ral Re$trlctod fund5 Total 2022 Total 2021 Fundraising costs 137 2,623 2,760 6,631 S Exp¢ndlture on charllablg actlvltl8$ Unrestrlct8d fund5 General Restricted funds Total 2022 Total 2021 Educab'on of physical health Governance costs 60 241 27,042 1,719 27,102 1,960 22,383 2,085 301 28,761 29,062 24,428 6 Analysls of governance and support Costs Governance costs Unrestricted funds General R*stri¢ted funds Total 2022 Total 2021 Other governance costs Allocated support costs 181 60 1,719 1,900 60 1,990 75 241 1,719 1,960 2,065 Page 14
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 7 Trustees. remuneratlon and expenses No Tru51ees nor any persons connected with them. have received any remuneration fro the Charity during the year12021 £nill. No Trustees have received any reimbursed expenses or any other benefits from the Charity during the year12021 £nill. The Charity paid £38812021.. £3831 during the period in resp8cI of Trustee indèmnity insurancè. 8 Staff costs The Charity had no employe¢s in the Current or prior financial period. 9 Taxatlon The Charty is 8 registered charity and is therefore exempl from taxation. 10 Cash and cash 8quival8nts 2022 2021 Cash 8t bank 24,680 27,341 11 Cr8ditors: amounts falling due within ono yèar 2022 2021 Accnjals Deferred income 1,860 1,680 6,500 1,860 8,180 2022 2021 Deferred income 811 January 2022 Resources deferred in the period Amounts released from previous periods 16,5001 112,2321 6,500 12,232 6,500 Deferd in¢ome 81 year end 6,500 Page 15
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 12 Funds Balance at 31 December 2022 Balance at 1 January 2022 Incoming Resources resources expended Transfers Unrestricted funds General General 1,075 2.088 14381 17371 2,588 Restricted funds Wales Foundation Mercury Pheonix Trust Atlas Foundation SOL Geoff Herrington 2,610 10,000 5.476 12,6101 110.1371 {8831 111,2541 8,500 137 15,000 11,893 6,500 19,593 639 Total restricted funds 18,086 33,393 131,3841 137 20,232 Total funds 19.161 35,481 31,822 22,820 Balanc8 at 31 Dècember 2021 Balance at 1 January 2021 Incoming resources Resources expended Unrostrlcl¢d funds Ggngral General 8,911 2,562 110,3981 1,075 Restrlcted Wales Foundation Mercury Pheonix Trust Atlas Foundation SOL Spirit of Rugby 5,050 1.750 8.000 12,4401 11,7501 13.0001 112,2321 11.240 2,610 10,000 5,476 10,000 476 12,232 1,240 Total rostrlcted funds 16,040 22,708 20,662 18,086 Total funds 24,951 25,270 31,060 19,161 Page 16
SKRUM Notes to the Financial Statements for the Year Ended 31 December 2022 The specific purposes for which the reslricled funds are lo be applied are a5 follows.. Wates Foundation - this grant is lo be spent towards the costs of offering disadvantagèd young adults, aged 18125 from Ihè UK the opportunity lo visit SKRUM in Swaziland and act as a volunteer coach. The grant provider approved a variation in spend last year and during the period the balance of £2,610 was fully spent on monitoring and evaluation. Mercury Phoenix TrLJsI and Atlas Foundation these grants are lo be spent on the HIVIAIDS education and prevention project, and associated running costs. The balances of £10,000 and £5,476 We carri&d forward from last year, During the yaar. £15,ODO was r&¢eived from the Atlas Foundation and £10,883 was spent from funds leaving a balance of £19,593 on the Adas Foundation fund which will be carried forward for use in future periods. Geoff Herrington this grant is lo part fund the Schools Outreach Prorgramme which will visit primary and secondary schools across Eswalini. £8,500 was received last year for use in the current year and was fully spent during thé ar. SOL Foundation £11,893 was received in the period fDr use in the current ar lo be spent on the HIVIAIDS education and prevention project. £11,254 was spent in the year and the balance of £639 will be carried forward for use in future periods. 13 Analy$ls of net assets betwaan funds Total funds at31 December 2021 Unrestricted General fund Restricted funds Current assets Current liabilities 4,448 11,860 20.232 24,680 11,860 Total nel assets 2,588 20,232 22,820 Total funds at31 December 2021 Unr&strl¢ted funds Gonoral other Current assets Current liabilities 9,255 18,180 18,086 27,341 18,1801 19,161 Total nel assets 1,075 18,086 14 Related party transactions During the year the Charity donated funds to SKRUM Swaziland charity which is run by (he fomier founder of SKRUM. who remains closely connected to the SKRUM board. The former founder received an allowance for ambassadorial duties carried out on behalf of SKRUM. SKRUM Swaziland applies lo SKRUM lo fund various expendilure in Swaziland and all decisions on whether lo fund this expenditure are made by the Board of Trustees of SKRUM. Pag8 17