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2022-06-30-accounts

Page
Legal and administrative information
Trustees'
reporl		 2-6
Statement ofTrustees' responsibilities
Independent
examiner's		 reporl
Statement offinancial activities 9-10
Balance sheet
Statement ofcash flows 12
Notes to the financial statements 13-26

Trustees Peter Rhodes
Robert Briers
Michelle Orange
Natasha
Hanson
Katherine
Read
Andy Watson (Appointed 14September
2022)
Stephen
Newton		 (Appointed 6 January 2023)
Secretary Alison Warwood (Resigned 31.12.2022)
Charity number 1142956
Company
number		 07461043
Principal address Sharks
High Performance		 Training Centre
Carrington
Lane
Manchester
England
UK
M31 4AB
Registered offic Sharks
High Performance		 Training Centre
Carrington
Lane
Manchester
England
UK
M31 4AB
Accountant
Hallidays
Riverside
House
Kings Reach Business Park
Yew Street
Stockport
United Kingdom
SK4 2HD
Key Management Personnel
Alison Warwood (Chief Executive Officer)
Vicky Irwin
Des Howlett
Jack Leech

Current financial year Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general Designated
Notes 2022 2022f 2022f 2022
f		 2021f
Iggg~fgm;
Donations
and		 legacies 2 118,303 80,189 198,492 231,180
Cbgfitgbitbagtiyiligg
Educational 339,495 339,495 307,890
Trading 145,164 145,164 75,179
Programmes 135,106 135,106 86,286
Bank interest 1,286 1,286 1,702
Total income 739,354 80,189 819,543 702,237
EmttBkiigfgJ)tN
Raising funds 3 36,261 1,427 26,930 64,618 58,626
Charitable
activities		 4 677,250 9,092 55,818 742,160 650,801
Total expenditure 713,511 10,519 82,748 806,778 709,427
Net incomel(expenditure) for the year/
Net movement in funds 25,843 (10,519) (2,559) 12,765 (7,190)
Fund balances at 1 July 2021 429,196 122,000 2,559 553,755 560,945
Fund balances at 30June 2022 455,039 111,481 566,520 553,755

Prior financial year
Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
2021 2021 2021 2021
Notes 6 6 f 6
IttgftgfftfrgJn;
Donations
and		 legacies 104,936 126,244 231,180
CI)6/jtabj~ectjyj~ti
Educational 307,890 307,890
Trading 75,179 75,179
Programmes 86,286 86,286
Bank interest 1,702 1,702
Total income 575,993 126,244 702,237
huiggflii~u;
Raising funds 35,865 22,761 58,626
Charitable
activities		 4 533,221 117,580 650,801
Total expenditure 569,086 140,341 709,427
Gross transfers between funds (122,000) 122,000
Net income/(expenditure) for the year/
Net movement in funds (115,093) 122,000 (14,097) (7,190)
Fund balances at 1 July 2020 544,289 16,656 560,945
Fund balances at 30June 2021 429,196 122,000 2,559 553,755

2022 2021
Notes 6 6
Fixed assets
Tangible assets 24,697 16,841
Current assets
Debtors 121,747 58,673
Cash at bank and in hand 644,340 602,008
766,087 660,681
Creditors: amounts falling due within
one year (224,264) (123,767)
Net current assets 541,823 536,914
Total assets less current liabilities 566,520 553,755
Income funds
Restricted funds 2,559
Unrestricted
funds
Designated
funds		 111,481 122,000
General unrestricted funds 455,039 429,196
566,520 551,196
566,520 553,755

2022 2021
Notes E E
Cash flows from operating activities
Cash generated
from operations		 23 55,728 165,268
Investing activities
Purchase oftangible
fixed assets		 (18,336) (2,381)
Proceeds from disposal oftangible
fixed
assets 3,654
Investment income received 1,286
Net cash used in investing activities (13,396) (2,381)
Net cash used in financing activities
Net Increase
In cash and cash equivalents		 42,332 162,887
Cash and cash equivalents at beginning ofyear 602,008 439,121
Cash and cash equivalents at end of year 644,340 602,008

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Supportcosts
Support Governance 2022 Support Governance 2021
costs costs costs costs
8 f f f
Staff costs 113,671 113,671 91,012 91,012
Depreciation 3,881 3,881 9,264 9,264
Rent 13,383 13,383 13,127 13,127
Printing,
post,		 stationery 3,393 3,393 1,593 1,593
Establishment cost 8,865 8,865 7,453 7,453
Sundry 11,273 11,273 12,199 12,199
Motor 8 travel 5,382 5,382 1,208 1,208
Advertising 3,234 3,234 3,077 3,077
Accountancy 12,672 12,672 13,180 13,180
Bank charges 667 667 303 303
Equipment 6,157 6,157 8,736 8,736
Consultancy 29,053 29,053 19,803 19,803
Accountancy 3,809 3,809 3,454 3,454
Legal and professional 840 840 800 800
211,631 4,649 216,280 180,955 4,254 185,209
Analysed
between
Fundraising 35,481 780 36,261 35,131 734 35,865
Charitable
activities		 176,150 3,869 180,019 145,824 3,520 149,344
211,631 4,649 216,280 180,955 4,254 185,209

Net movement
in funds		 2022
6		 2021f
Net movement
in funds is stated		 after charging/(crediting)
Fees payable to the company's auditor for the accountancy fees ofthe
company's
financial statements		 6,761 7,154
Depreciation
of owned tangible		 fixed assets 7,163 10,883
Profit on disposal oftangible
fixed assets		 (337)

The avera ge
monthly
number ofemployees
during
th		 e year was:
2022 2021
Number Number
Charitable activities 21 21

8 Employees (Continued)
Employment
costs		 2022 2021
f. f
Wages and salaries 479,725 457,549
Social security costs 35,705 32,481
Other pension costs 39,485 35,115
554,915 525,145

Tangible fixed asset s
Fixtures and Computers
Motor		 rehtctes
fittings
f f
Cost
At 1 July 2021 1,175 30,070 11,245 42,490
Additions 2,649 15,687 18,336
Disposals (10,448) (10,448)
At 30June 2022 3,824 35,309 11,245 50,378
Depreciation
and impairment
At 1 July 2021 434 20,447 4,768 25,649
Depreciation
charged		 in the year 365 5,179 1,619 7,163
Eliminated
in respect		 ofdisposals (7,131) (7,131)
At 30June 2022 799 18,495 6,387 25,681
Carrying
amount
At 30June 2022 3,025 16,814 4,858 24,697
At 30June 2021 741 9,623 6,477 16,841

11 Debtors
2022 2021
Amounts falling dus within one year: f E
Trade debtors 119,223 31,487
Prepayments
and accrued income		 2,524 27,186
121,747 58,673
12 Creditors: amounts falling dus within ons year
2022 2021
Notes f. E
Trade creditors 38,512 23,239
Other taxation
and		 social security 6,467 5,546
Deferred income 13 156,765 78,457
Other creditors 3,506 3,642
Accruals 19,014 12,883
224,264 123,767
13 Deferred income
2022 2021
E f
Other deferred
income		 156,765 78,457
Creditors amounts falling due within one year includes deferred income:
2022 2021
E E
Deferred income is included within:
Current liabilities 156,765 78,457
Movements
in the year:
Deferred income at 1 July 2021 78,457 (t4,680)
Released from previous periods (78,457) 14,680
Resources deferred in the year 156,765 78,457
Deferred income at 30June 2022 156,765 78,457

At 30 June 2022, the total future
minimum
lease pay		 ments
under non- cancellable
operating
leases		 were:
2022
f.		 2021f
Within one year 1,878
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Movement Movement in funds Movement Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 July 2020 resources expended 1 July 2021 resources expended 30June 2022
E E E E E E
Restricted
income fund 16,656 126,244 (140,341) 2,559 80,189 (82,748)
Designated funds
The income funds of the charity include the following designated funds which
have been set		 aside
out of
unrestricted funds by the Trustees for specific purposes:
Transfers
Balance at		 Resources Balance at
1 July 2021 expended 30June 2022
E E E
Designated income fund 122,000 122,000 (10,519) 111,481
122,000 122,000 (10,519) 111,481

Designated
funds
This year
Proposed
use		 Purpose ofthe designation Amount
Development
ofa new		 This
will
enable		 the
foundation
to set
up a new
revenue		 E20,908
alternative
provision		 stream
for		 the
organisation.
It
is
expected		 that the
education
programme		 programme will become self-sustainable
after 12		 months but
needs the initial revenue
in'ection
to enable its set		 u .
Development
of new		 This will enable the foundation
to have its own facilities to		 run E60,000
office space/classroom programmes out ofwithin
any Sale Sharks' home		 stadium.
facilities
Investment
in		 Investment into new technology
to enable foundation's
staff to		 E)0,573
technolog be able to erform their roles more efficiently and effectively.
Investment
in external		 Investing
in		 an external
evaluation
programme
to		 highlight the E20,000
evaluation
programme		 impact
of		 the work
the
foundation
carries		 out
in		 the
community, to enable
it
to
report
back
to funders
more
effectivel
and to attract additional
funds.

23 Cash generated
from		 Cash generated
from		 operations 2022 2021
8 9
Surplus/(deficit)
for		 the year 12,765 15,571
Adjustments
for:
Investment
income		 recognised
in statement		 offinancial activities (1,286)
Gain on disposal of tangible
fixed assets		 (337)
Depreciation
and impairment
oftangible		 fixed assets 7,163 10,883
Movements
in working		 capital:
(Increase)/decrease in debtors (63,074) 72,229
Increase
in creditors		 22,189 10,889
Increase
in deferred		 income 78,308 78,457
Cash generated
from		 operations 55,728 188,029