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2023-06-30-accounts

Page
Legal and administrative information
Trustees' report 2-8
Statement ofTrustees' responsibilities
Independent
examiner's		 report 10
Statement of financial activities 11-12
Balance sheet 13
Statement ofcash flows 14
Notes to the financial statements 15-27

Trustees Peter Rhodes
Robert Briers
Michelle Orange
Natasha
Hanson
Andy Watson (Appointed 14September
2022)
Stephen
Newton		 (Appointed 6January 2023)
Katherine
Raid		 (Resigned 21 September
2023)
Secretary A Dean
Charity number 1142956
Company number 07461043
Principal address Sharks
High Performance		 Training Centre
Carrington
Lane
Manchester
England
UK
M31 4AB
Registered office Sharks High Performance Training Centre
Carrington
Lane
Manchester
England
UK
M31 4AB
Accountant
Hallidays
Riverside
House
Kings Reach Business Park
Yew Street
StockpoA
United Kingdom
SK4 2HD
Key Management Personnel
Abigail Dean (Chief Executive Officer) (Appointed 1 January 2023)
Vicky Irwin (Resigned 30September
2022)
Des Howlett (Resigned 10February
2023)
Jack Leech
Alison Warwood (Resigned 31 December
2022)
Phil Ball (Appointed August 2022)

Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general Designated
Notes 2023
F		 2023
8		 2023
f		 2023f 2022
8
Income from:
Donations
and legacies		 2 4,798 125,224 130,022 198,492
Charitable
activities
Educational 218,046 30,275 248,321 339,495
Trading 179,606 179,606 145,164
Programmes 40,333 283,653 323,986 135,106
Bank interest 4,322 4,322 1,286
Total income 447,105 439,152 886,257 819,543
~E*
dit
Raising funds 3 20,957 37,553 58,510 64,618
Charitable
activities		 4 529,067 401,599 930,666 742,160
Total expenditure 550,024 439,152 989,176 806,778
Net (outgoing)/incoming resources before
transfers (102,919) (102,919) 12,765
Net income for the year/
Net (outgoing)/incoming resources before
transfers (102,919) (102,919) 12,765
Gross transfers
between		 funds 111,481 (111,481)
Net income for the year/
Net movement
in funds		 8,562 (111,481) (102,919) 12,765
Fund balances at 1 July 2022 455,039 111,481 566,520 553,755
Fund balances at 30June 2023 463,601 463,601 566,520

Prior financial year
Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
Notes 2022f 2022
f		 2022
f		 2022f
Income from:
Donations
and		 legacies 118,303 80,189 198,492
Charitable
activities
Educational 339,495 339,495
Trading 145,164 145,164
Programmes 135,106 135,106
Bank interest 1,2ee 1,286
Total income 739,354 e0,189 819,543
~d*
alt
Raising funds 36,261 1,427 26,930 64,618
Charitable
activities		 4 677,250 9,092 55,818 742,160
Total expenditure 713,511 10,519 82,748 806,778
Net (outgoing)/incoming resources before transfers 25,843 (10,519) (2,559) 12,765
Net income for the year/
Net movement in funds 25,843 (10,519) (2,559) 12,765
Fund balances at 1 July 2021 429,196 122,000 2,559 553,755
Fund balances at 30June 2022 455,039 111,481 566,520

2023 2022
Notes
Fixed assets
Tangible assets 22,132 24,697
Current assets
Debtors 97,320 121,747
Cash at bank and in hand 524,952 644,340
622,272 766,087
Creditors: amounts falling due
within one year 180,803 224,264
Net current assets 441,469 541,823
Total assets less current liabilities 463,601 566,520
The funds ofthe charity
Unrestricted
funds -		 general 463,601 455,039
Unrestricted
funds -		 designated fund 111,481
463,601 566,520

2023 2022
Notes f. E
Cash flows from operating activities
Cash (absorbed
by)/generated		 from 21
operations (119,150) 55,728
Investing activities
Purchase oftangible
fixed assets		 (4,560) (18,336)
Proceeds from disposal oftangible
fixed
assets 3,654
Investment income received 4,322 1,286
Net cash used in investing activities (238) (13,396)
Net cash used in financing activities
Net (decrease)/increase
in		 cash and cash
equivalents (119,388) 42,332
Cash and cash equivalents
at beginning		 ofyear 644,340 602,008
Cash and cash equivalents at end of year 524,952 644,340

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5 Support costs allocated to activities Support costs allocated to activities Support costs allocated to activities Support costs allocated to activities Support costs allocated to activities Support costs allocated to activities Support costs allocated to activities
2023 2022
f. 6
Staff costs 93,163 94,598
Depreciation 3,854 3,881
Rent 11,667 11,137
Printing,
post,		 stationery 2,503 2,824
Establishment cost 5,877 7,377
Sundry 9,312 8,761
Motor & travel 4,442 4,479
Advertising 1,980 2,691
Accountancy 11,811 10,545
Bank charges 652 555
Equipment 5,084 5,125
Consultancy 23,038 24,178
Governance
costs		 4,142 3,869
Hospitality
costs		 2,975
180,500 180,020
Analysed
between:
Trading 43,114 44,017
Programmes 77,775 33,064
Educational 59,611 102,939
180,500 180,020
6 Trustees
No Trustees
received		 any remuneration or benefits from the charity during ths year (2022: nil).
7 Net movement in funds 2023
E		 2022f
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		 3,809 3,809
Depreciation of owned tangible fixed assets 7,126 7,163
Loss/(profit)
on disposal		 oftangible fixed assets (337)
8 Employees
The average monthly number ofemployees during the year was:
2023 2022
Number Number
Charitable
activities		 27 21

8 Employees (Continued)
Employment
costs		 2023 2022
8 8
Wages and salaries 598,609 453,663
Social security costs 45,505 35,705
Other pension costs 44,278 39,485
688,392 528,853

Tangible fixed asset s
Fixtures end Computem Motor Tote i
fittings vehicles
f E
Cost
At 1 July 2022 3,824 35,310 11,245 50,379
Additions 1,637 2,923 4,560
At 30June 2023 5,461 38,233 11,245 54,939
Depreciation
and impairment
At 1 July 2022 799 18,495 6,387 25,681
Depreciation
charged		 in the year 1,012 5,142 972 7,126
At 30June 2023 1,811 23,637 7,359 32,807
Carrying
amount
At 30June 2023 3,650 14,596 3,886 22,132
At 30June 2022 3,025 16,814 4,858 24,697

11 Debtors
Amounts
falling due within one year:		 2023f 2022f
Trade debtors 72,670 119,223
Prepayments
and accrued		 income 24,650 2,524
97,320 121,747
12 Creditors: amounts falling due within one year
Notes 2023
F		 2022f
Trade creditors 11,708 38,512
Other taxation and social security 19,521 6,467
Deferred income 13 80,085 156,765
Other creditors 9,948 3,506
Accruals 59,541 19,014
180,803 224,264
13 Deferred income
2023 2022
f f
Other deferred
income		 80,085 156,765
Creditors
amounts		 falling due within one year indudes deferred income:
2023f 2022
6
Deferred income is included
within:
Current
liabilities		 80,085 156,765
Movements
in the year:
Deferred
income at		 1 July 2022 156,765 63,777
Released
from previous		 periods (156,765) (63,777)
Resources deferred in the year 80,085 156,765
Deferred income at 30June 2023 80,085 156,765

Analysis
of net assets between
funds
Unrestricted Unrestricted Total
funds funds
general Designated
2023 2023 2023
f f
Fund balances at 30June 2023 are represented by:
Tangible assets 22,132 22,132
Current assets/(liabilities) 441,469 441,469
463,601 463,601

Analysis of net assets between funds (Continued)
Unrestricted Unrestricted Total
funds funds
general Designated
2022 2022 2022
8 8 f
Fund balances at 30June 2022 are represented by:
Tangible assets 24,697 24,697
Current assets/(liabilities) 430,342 111,481 541,823
455,039 111,481 566,520

Movement Movement Movement in funds Nlovement Nlovement Nlovement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 July 2021
f		 resources
f		 expended
f		 1 July 2022
f		 resources
f		 expended
E		 30June 2023
E
Restricted
income fund 2,559 80,189 (82,748) 439,152 (439,152)
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:
Movement in funds
Balance at Incoming Resources Balance at Transfers Balance at
1 July 2021 resources expended 1 July 2022 30June 2023
f f f E. E f
Designated income fund 122,000 (10,519) 111,481 111,481
122,000 (10,519) 111,481 111,481
Cash generated from operations 2023 2022
E f
(Deficit)/surpus
for		 the year (102,919) 35,526
Adjustments for:
Investment income recognised in statement offinancial activities (4,322) 416
Gain on disposal of tangible fixed assets (337)
Depreciation and impairment oftangible
fixed assets		 7,124 7,162
Movements in working
capital;
Decrease
in		 debtors 24,427 67,828
Increase/(decrease) in creditors 33,219 (12,232)
(Decrease)/increase in deferred income (76,680) 78,308
Cash (absorbed by)/generated from operations (119,151) 176,671