##
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##
||||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|||||
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|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|
##
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|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|
##
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|||||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|
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|||||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|
##
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|Tangible fixed asset|s|||||
|---|---|---|---|---|---|
|||Fixtures and|Computers
Motor||rehtctes|Total|
|||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|
##
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##
|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|
|||4l
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|---|---|---|---|---|---|
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##
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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.||||||
##
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##
|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|