**Wasps Legends Charitable Foundation (a company limited by guarantee)** ## **Annual report and financial statements** For the year ended 30 April 2024 Company registration number: 08019543 Charity registration number: 1147255 **Wasps Legends Charitable Foundation** ## **Contents** ||Page| |---|---| |Reference and administrative details|1| |Trustees’ report|2-4| |Independent examiner’s report|5| |Statement of financial activities|6| |Statement of financial position|7-8| |Notes to the financial statements|9-15| **Wasps Legends Charitable Foundation** ## **Reference and administrative details** For the year ended 30 April 2024 **Trustees** C J K Braithwaite (Chair) R W Gordon S N'Jie A Nduva M A Rogers P R Scrivener R A Spicer J E K Stanley **Company secretary** SGH Company Secretaries Limited **Company registered number** 08019543 **Charity registered number** 1147255 **Registered office** First floor 85 Great Portland Street London W1W 7LT **Independent examiner** Larking Gowen LLP 1[st] Floor Prospect House Rouen Road Norwich NR1 1RE 1 **Wasps Legends Charitable Foundation** ## **Trustees’ report (continued)** For the year ended 30 April 2024 The trustees (who are also the directors of the charity for the purposes of the Companies Act), present their report with the financial statements of the Wasps Legends Charitable Foundation ('the charity') for the year ended 30 April 2024. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** The charity is constituted under a Memorandum of Association dated 4 April 2012 and amended by special resolution dated 18 January 2024. It is a registered charity with its charity number being 1147255. The charity is limited by guarantee and does not have share capital. Each member has pledged to contribute £10 in the event of the charity being wound up. ## **Appointment of trustees** Trustees are appointed by the Board and are eligible for re-appointment if they step down. In the case of all appointments, the Board considers the variety of skills required within the Board, together with the personal competence and availability of prospective Trustees. Trustees are not remunerated and during the year no expenses were reimbursed to Trustees. New Trustees are inducted before their appointment on their legal obligations under charity law and the content of the Governing Statement. Trustees are appointed in accordance with the charity’s governing document. ## **Trustees** The following persons served as trustees during the year: C J K Braithwaite (Chair) R W Gordon (appointed 8 April 2024) S N'Jie A Nduva (appointed 8 April 2024) M A Rogers P R Scrivener R A Spicer (appointed 8 April 2024) J E K Stanley A C Foster (resigned 1 August 2024) O Prevot (resigned 14 September 2023) N I Suma (resigned 11 August 2023) ## **OBJECTIVES AND ACTIVITIES** ## **Policies and objectives** The charity was established to raise funds for general charitable purposes by means of using the contacts of the Wasps rugby family and in particular through the match playing and general activities of former London Wasps players of named public recognition. The charity operates for the benefit of any charity or charities or for such charitable purpose or purposes as the Trustees shall in their absolute discretion think fit. ## **Public benefit** The trustees have given due consideration to the Charity Commission published guidance on the public benefit requirement. The charity constitutes a public benefit entity as defined by FRS 102. 2 **Wasps Legends Charitable Foundation** ## **Trustees’ report (continued)** For the year ended 30 April 2024 ## **ACHIEVEMENTS AND PERFORMANCE** ## **Review of activities** In the year, the charity expanded upon the significant groundwork established in the prior year, maintaining its commitment to fundraising for charitable initiatives, achieved through its grant giving which is facilitated through its event programmes. In this regard, the charity has had a successful year in raising funds through these fundraising activities whilst also making a concerted effort to reduce its expenditure to do so. It is important to note this within the ongoing context of a cost-of-living crisis which continues to have an adverse impact on the bottom line of the charity’s principle fundraising activities, thereby also impacting its charitable activities. Despite this, the charity was pleased to be able to continue to support a number of charitable initiatives by making grants of £58,889 to other charities, organisations and individuals. The charity issued its £25,000 annual grant to School of Hard Knocks, a charity which uses rugby as a vehicle to empower and support individuals who are living in complex and challenging circumstances. The charity also donated to Star Scheme, a charity which supports local rugby clubs to identify young people who have multiple adverse childhood or community experiences as well as Brave Mind, a leading rugby mental health charity. These beneficiaries all reflect the charity’s vision; changing lives through the spirit of rugby. The charity was also delighted to support further beneficiaries such as Motor Neurone Disease and the Gloucester Rugby charity, both of whom have strong roots within the wider rugby community. The charity also continued to support the provision of rugby at Wasps FC, an amateur club who help to widen the opportunities for disadvantaged local children to enjoy the benefits and lifelong values rugby brings. In summary, the charity was pleased with their contribution to these incredible causes throughout the year, especially amid significant internal changes to its resource base. The charity was informed of the resignation of its CEO, in early summer, which diminished its available resources. Consequently, the Operations Manager took on the role of Head of the charity in September. During this same timeframe, two trustees of the charity stepped down, prompting the charity to fill these positions by appointing three new trustees to the board. Despite these challenges, the Chair and Trustees remain focused on positioning the charity for sustainable longterm growth. To support the Head of charity, additional resources were allocated to assist in this transition, including the continued employment of its event management agency, a social media agency and accountants to aid in daily operations. It was also considered during the end of this year that the charity will look to recruit a second full time employee to assist in revenue growth outside of our events, to alleviate growing concerns associated with their delivery and to safeguard the charity by increasing other revenue streams. Upon reflecting on the challenges encountered this year, the charity considers it to be a year of growth, having navigated through some positional changes through the year. The charity is proud of the substantial grants provided to deserving initiatives and continues to set out plans to further increase its ratio of grants to fundraising income across the following year. The charity maintains a positive cash flow, and although its fundraising events have encountered some challenges, they still achieved notable success, especially the Rugby Golf Classic in June and the Long Lunch in November. The Chair and Trustees, therefore, express strong optimism regarding the charity 's long-term potential and its capacity to effect meaningful change. In pursuit of the aims and objectives above, the principal achievements of the charity in 2024 were: Income from donations of £16,288 (2023: £20,046). Grants were paid totalling £58,889 (2023: £96,937). Details of recipient organisations granted to along with grant amounts are presented in note 8. ## **FINANCIAL REVIEW** ## **Result for the year** The results for the year are shown in the statement of financial activities on page 6. The result for the year was a surplus of £76,269 (2023: £58,813 deficit). This surplus is as a result of timing differences in respect of fundraising events. 3 Wasps Legends Chorltsble Foundatlon Trustsg report Icontlnued) Forthe ended 30WI 2024 The balance hdd as unrestrkted ￿ndS at 30 April 2024 ￿$ £172,45112023.. £96,182). The current level of reseNt5 is COn￿dered by thetrustee5 to be suffiC￿tt0 ctrrtrthefutuie ob)thes ofthe charity. polky The levelof feserves Is monltored and revkwed bythetrustee5 *leastannually.Tr*Trustees be16evethe charlty sh)uld tsr8et to hold unrestrlcted financial reserves equNalent to a yea¢s core costs. The Trustees ￿lIeve the reserve5 at the end of the year adequatety meet thbtsr8et. The rèserves are hetd for the purp05e5 to lund firture fundra15in8 events and io dtsirllyjte as 6rants to those indlvidua15 and lostitutk)ns which are In Ilne wlth the tharitsb￿ obje￿iveS of the cJL)rlty. The trustees also have powerto utlllse cap￿1 Insofa¥ asth￿$￿11 thinklit. The re￿I￿1[￿SUrpl￿s is Used In pursuanceolthe charltable oblectlves of the charlty. Sm•llMmp•rypro%**)ns Th15 report has been prepared in •ccord•nce wth the of Atttsunting and Reporting by Charitits.. Statemert of Recommended Prattke •pplic•ble to tharrties p￿pa￿nI their &counts in accordaftte wrth the Financial Reportin4 Standard applkable ID the UK and Republlc of Ireland IFAS1021 leffectivt i January 20191 the Charities act 2011 and Companles Acr 20C6. Stknfflert olirustE•¢ rMp&Mlblllll The trusteès Iwho are also direttors of Wasps Legend5 Charttab￿ Foundat*)n fortht pur￿$*5 of company Ibwl are re5ponslble for preparln8 the irustees. ￿Port-{ln¢orWal0Thl the stratqlc report and dlrectOf5' report) and thetinaKlal statements In ￿tt+rdanCewIth¥ppl**b1e •nd United KingdomActhJThtlniStandards. Includlng Flnanckl Reportlry stsndard 102.. The Flnanclal Repo￿nI stsThlard •pplkable In the UK Republlc of IreLgTrd Iunlted Kln8dom Generally Atttpted P£coun1i￿ Pla￿￿e1. Company lawrequlres the tru5teestg prepare financlal statements foreach fin•nclal ￿)rYth1¢h i￿e • twe •nO fairvlewol the state of affalrs ol the charlty and of the incornt and eyDdtture. of the tharfty for that perlod. In prèparingthese flmnchil statements. trustees a￿ requlred to- select Suttab￿ accountlng poll&s and t￿n appty them consister*tty,' observe the rnethod5 and pflndples In Charw SORP IFRS 1021: make judg￿￿nts and xtOUnil￿tS￿Mats$ th•t a￿ wson•ble •nd pwdent.. state wheth•r •pplkable UK Attountin8 Standards ha4* beenfolbtHed. subjectto any materlal departures dlsclosed and expkiined In the financial st*err*nts. and prepare the flnanckil statements on the g￿ng concem basls unkn it i8 InapproprK4te to presume ihatthe charftsble company wll contlnue In buslness. Thetrusttesar* respornslb￿for malntsining p¥opEraccountlryreeordswhKh L*xlose wlth reasOna￿e8￿￿raCV at any tlrne the Inancial PD5rlK)n of the charltable company and enab* them tD ensure that the finoncwl ststements compty wrth the Compan*s kt X￿. They are also resFÉtn*b￿ for safewardlng the assets ol the charity and heTh￿ fortskln¢ reasonaNe sreps forthe pre4enYon detsctbn of fiaud and other Irre8uL4rltbès. This report was approve bythe trusteesand on their behall br. C J K Brnltwatt• Chalr ## **Independent examiner’s report to the trustees of Wasps Legends Charitable Foundation** For the year ended 30 April 2024 ## **Independent examiner's report to the trustees of Wasps Legends Charitable Foundation (‘the charity’)** I report to the trustees on my examination of the financial statements of the charity for the year ended 30 April 2024. ## **Responsibilities of basis of report** As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘The 2006 Act’). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s financial statements as carried out under section 145 of the Charities Act 2011 (‘The 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** The Charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of institute of the Chartered accountants in England and Wales (ICAEW). I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe: - accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Christopher Yeates FCA DChA ## **Larking Gowen LLP** Chartered Accountants 1st Floor, Prospect House Rouen Road Norwich NR1 1RE 27 February 2025 5 **Wasps Legends Charitable Foundation** ## **Statement of financial activities** For the year ended 30 April 2024 |**Note**
**Income & endowments from:**
Donations & legacies
3
Fundraising activities
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net income/(loss) and net movement in funds**
**Reconciliation of funds:**
Total funds at 30 April 2023
**Total funds at 30 April 2024**|**Unrestricted**
**funds**
**2024**
**£**
**19,743**
**397,591**
**417,334**
**(217,330)**
**(123,735)**
**(341,065)**
**76,269**
**96,182**
**172,451**|Unrestricted
funds
2023
£
22,687
405,801| |---|---|---| |||428,488| |||(300,594)
(186,707)| |||(487,301)
(58,813)
154,995
96,182| The Statement of financial activities includes all gains and losses recognised in the year. All of the charity’s activities derived from continuing operations during the year. The notes on pages 9 to 15 form part of these financial statements. 6 **Wasps Legends Charitable Foundation – Registered company number: 08019543** ## **Statement of financial position** For the year ended 30 April 2024 |**Note**
**Fixed assets:**
Tangible assets
11
**Current assets**
Debtors: amounts falling due within one
year
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
**Unrestricted fund**
**Total funds**|**43,406**
**192,020**|**2024**
**£**
**459**
**459**
**171,992**
**172,451**
**172,451**
**172,451**
**172,451**|72,758
169,161|2023
£
569| |---|---|---|---|---| |||||569
95,613| ||**235,426**
**(63,434)**||241,919
(146,306)|| |||||| |||||96,182| |||||96,182| |||||96,182
96,182| The trustees consider that the charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (‘the Act’) and members have not required the charity to obtain an audit for the year in question in accordance with section 476 of the Act. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at 30 April 2024 and of its income and expenditure for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity. 7 Wasp5 Legends Charl￿ble Foundatlon Statement of finandal po54tion Icontinu•d) For the year ènded 30 April 2024 The flnan£ial staternents hove been prepared in xcordance with the speclal prov151ons ar¢)lIcab￿ to small Jmpan*s wthin Part 15 of the COrn￿n￿5 Act 20C6 and In ar£ordarKe wlth FRS 102. The flnaThclal 5taternents were apprvved bythe trustees and signed on their behalt bv: CJ K 8rnlthwallè Chalr Dote: The Thjtes on woes 9t0 15form part ofthese flnar*thl ststements. **Wasps Legends Charitable Foundation** ## **Notes to the financial statements** For the year ended 30 April 2024 ## **1. General information** The Wasps Legends Charitable Foundation is a private company limited by guarantee and is incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. Its registered office and principal place of business is First Floor, 85 Great Portland Street, London, W1W 7LT. The company registration number is 08019543 and the charity number is 1147255. ## **2. Principal accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP (FRS 102), ‘The financial reporting standard applicable in the UK and Republic of Ireland (‘FRS’ 102)’ and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are presented in GBP (£). The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **2.2 Going concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, the charity will continue to adopt the going concern basis in preparing the financial statements. ## **2.3 Cash flow statement** The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to produce such a statement under Accounting and Reporting by charities Statement of Recommended Practice (Charities SORP (FRS 102)). ## **2.4 Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Where income relates to future periods, this income will be deferred. ## **2.5 Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party or it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is stated exclusive of VAT. Expenditure is included in the accounts on an accruals basis and includes attributable VAT, which cannot be recovered. 9 **Wasps Legends Charitable Foundation** ## **Notes to the financial statements (continued)** For the year ended 30 April 2024 Expenditure is allocated to the particular activity on a direct basis or by allocation based on the level of direct expenditure relating to that activity. Expenditure comprises the following: - a. The costs of charitable activities comprise expenditure related to the charity‘s primary charitable purposes. Such costs include: - General overhead costs - Related support costs - b. The cost of raising funds comprises expenditure related to the charity’s expenses in relation to raising funds for the charity. Such costs include: - Direct costs - Related support costs - c. Support costs are the costs associated with the governance arrangements of the charity and the general running of the charity. Included within this category are costs associated with the strategic management of the charity’s activities as opposed to day-to-day management. Support costs are allocated on the basis of time spent of these activities. ## **2.6 Tangible fixed assets** Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Computer equipment - 25% on reducing balance ## **2.7 Debtors** Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## **2.8 Cash at bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.9 Creditors** Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## **2.10 Taxation** The charity is exempt from corporation tax on its charitable activities. 10 **Wasps Legends Charitable Foundation** ## **Notes to the financial statements (continued)** For the year ended 30 April 2024 ## **2.11 Foreign currencies translation** Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. ## **2.12 Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. ## **2.13 Pensions** Contributions to defined contribution plans are expensed in the period to which they relate. ## **3. Donations** |Donations
Gift aid
**4.**
**Income from fundraising activities**
Fund raising
Event Income
Members subscriptions
**5.**
**Raising funds**
Allocated staff costs (note 9)
Auction/Raffle Prizes
Event costs
Other costs||**Unrestricted**
**2024**
**£**
**16,288**
**3,455**
**19,743**
**Unrestricted**
**2024**
**£**
**216,754**
**168,967**
**11,870**
**397,591**
**Unrestricted**
**2024**
**£**
**31,748**
**7,806**
**169,190**
**8,586**
**217,330**|Unrestricted
2023
£
20,046
2,641
22,687
Unrestricted
2023
£
230,273
164,024
11,504
405,801
Unrestricted
2023
£
31,806
18,362
237,914
12,512
300,594| |---|---|---|---| 11 **Wasps Legends Charitable Foundation** ## **Notes to the financial statements (continued)** For the year ended 30 April 2024 ## **6. Expenditure on charitable activities** |Allocated staff costs (note 9)
Grants paid (note 8)
IT and software costs
Insurance
Legal fees
Postage & stationery
Professional fees
Subscriptions
Depreciation
Rent & Rates
Telephone
Bank charges
Marketing
Sundry expenses
Governance costs (note 7)
**Total**
**7.**
**Governance costs**
Accountancy fees
Professional fees
Independent examination
**Total**
**8.**
**Grants**
Grants committed but not yet paid at beginning of year
Grants paid during the year
Grants committed but not yet paid at the end of the year||**Unrestricted**
**2024**
**£**
**21,166**
**58,889**
**2,682**
**2,831**
**3,137**
**69**
**750**
**284**
**110**
**-**
**807**
**-**
**8,159**
**11,601**
**13,250**
**123,735**
**2024**
**£**
**5,500**
**4,850**
**2,900**
**13,250**
**2024**
**£**
**-**
**58,889**
**-**
**58,889**|Unrestricted
2023
£
21,205
96,937
14,439
2,385
975
100
28,955
211
190
2,129
464
16
4,548
10,953
3,200
186,707
2023
£
2,950
-
250
3,200
2023
£
-
96,937
-
96,937| |---|---|---|---| 12 **Wasps Legends Charitable Foundation** ## **Notes to the financial statements (continued)** For the year ended 30 April 2024 The following institutions were awarded grants during the year. They are considered to be material in the context of the charity's expenditures for the year ended 30 April 2024. Grants were also made to individuals (disclosed below). |School of Hard Knocks
Cardiff Blues Foundation
Star Scheme
Wasps FC
Brave Mind
Gloucester Foundation
MND Foundation
Thames Hospice
Individuals|**2024**
**£**
**25,000**
**-**
**5,000**
**16,149**
**4,000**
**3,500**
**1,000**
**2,890**
**1,350**
**58,889**|2023
£
25,000
25,000
-
-
-
-
-
-
46,937
96,937| |---|---|---| ## **9. Staff costs** |Staff costs
Salaries & wages
National insurance
Pension
Payroll expenses
Staff expenses
Travel & entertainment
**Total**|**Raising**
**funds**
**(note 5)**
**2024**
**£**
**11,381**
**19,282**
**-**
**441**
**-**
**441**
**203**
**31,748**|**Charitable**
**activities**
**(note 6)**
**2024**
**£**
**7,588**
**12,855**
**-**
**294**
**-**
**294**
**135**
**21,166**|**Total**
**unrestricted**
**funds**
**2024**
**£**
**18,969**
**32,137**
**-**
**735**
**-**
**735**
**338**
**52,914**|Total
unrestricted
funds
2023
£
29,285
15,295
197
812
3,917
2,642
863
53,011| |---|---|---|---|---| The average monthly number of employees during the year was 1 (2023: 1). The charity considers the trustees to be the key management personnel, and no trustees received remuneration for their services. No employees received emoluments in excess of £60,000. ## **10. Trustees’ remuneration** No trustees received any emoluments for their services as trustees during the year (2023: none). No trustees were reimbursed for any expenses during the year (2023: none). 13 **Wasps Legends Charitable Foundation** ## **Notes to the financial statements (continued)** For the year ended 30 April 2024 ## **11. Tangible Assets** |**Cost**
At 1 May 2023
Additions
**At 30 April 2024**
**Depreciation**
At 1 May 2023
Charge for the year
**At 30 April 2024**
**Net book value**
**At 30 April 2024**
At 30 April 2023
**12.**
**Debtors: amounts falling due within one year**
Trade debtors
Other debtors
Prepayments
**13.**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Total**
**2024**
**£**
**9,265**
**2,288**
**31,853**
**43,406**
**Total**
**2024**
**£**
**3,480**
**42,114**
**17,840**
**63,434**||**Computer**
**equipment**
**£**
**1,977**
**-**
**1,977**
**1,408**
**110**
**1,518**
**459**
**569**
Total
2023
£
6,426
1,950
64,382
72,758
Total
2023
£
-
2,236
144,070
146,306| |---|---|---|---| ||||| ||||| ||||| ||||| 14 **Wasps Legends Charitable Foundation** ## **Notes to the financial statements (continued)** For the year ended 30 April 2024 ## **14. Related party transactions** During the year, the charity awarded grants totalling £16,149 (2023: £nil) to Wasps FC. Solomon N’Jie, a trustee of the charity, is also the president of Wasps FC. At the year end, the amount owed to Wasps FC was £nil (2023: £nil). During the year, the charity paid amounts totalling £7,158 (2023: £nil) to PRS Promotions Ltd for hosting and consultancy, and received amounts totalling £1,000 (2023: £nil). PRS Promotions Ltd is owned and controlled by Peter Scrivener, a trustee of the charity. At the year end, the amount owed to PRS Promotions Ltd was £nil (2023: £nil). There were no other related party transactions held during the current or prior year. 15