A(c￿nts of Rockets Sport and Educatl(¥MI Found*w)n_Year endlnz 31" May 2021 Rockets Sport ￿ Educatlonal Foundation Financial Ststements For the Year to 31 May 2021 Registered Company Number. 08083976 Registered Charity Number 1148764 Accounts of Rockets Sport and Edu(alional FwthtTh-Year eDding 31" May 2021 Rockets Sport and Educational Foundation COMPANY INFORMATION DIREcfoRS: Denise Drdmmis (replaced after year end by Steven Turner) Matthew Johnson Kerry Kelly REGISTERED OFFICE: Hel8ar 39 Finch Road Earfey Reading Be￿$ RG6 7JX REGISTERED NUMBER: 08083976 A¢¢ounts of Rothets Sp(rt and Ethaiional Foyndation-year endinz 31" May 2021 Trustees Report 2021 It fills me with piide to be able to sit and write a small reflection on the year that has passed. Although we are cleath still not completely W this moment in time that will be known as 'Covid' we are however looking further down a more positive side of the year and years ahead. The way that the Rockets as an organlsation managed to pivot from a 'community provider of sport and actI￿ty arHI turn itself into an 'online. youth support team, while simultaneously keeping up the enthusiasm and connection that so many families had previously come to rely upon is nothing short of a wonder. Whilst it must be sald that fvnding streams quickly became more easily available and support was more readily found for many groups It was most definltely the people within our or8anlsatlon that made everythlng tick over almost seamlessly. From people delivering online classes twice a weeK to dlstsnced drop Ins, to pa walks for those that needed a gentle push and eventually managing us all back into physlcal actlvlty through a strict and expenslve return to play protocol overseen by a few speclal people within the ch317Ws mix of staff and volunteer& The cost of PPE through this time was a major factor in needing such quick and supportive funding as a significant amount needed to be spent to support our staff and keep our membership feeling protected. As the RSEF gets more used to the now smooth overseeing of the basketball club as a whole, it has been evident that the fund raising and support given to so many young people within the teams framework has been a lrfe saver. For a number of familles the support available-both financial and emotional has been something that was simply not available before and it would be remiss of me not to thank our amazing group of trustees but in particular Steve Turner and Kery Kelly for thelr detem)inatlon and vision to support so many young people and families across the age group team& In the community the RSEF was as actrve as we have ever been and under the watchful eye of our community development team some of the projects this year have again surpassed expectath)ns and number& counts ot Rockets Sport and Educatlonal F(￿ndall0Tr-year endlng 31° May 2021 Below I have summarised (never doing the project nearly enough justice!) the work done In some of the key projects this ye4Y. Earley Charity Funding Through the support of the Earfey Ch*ity the Foundation has been able to wovide weekly basketball sessions at The Weller Conimunity cent￿ in Amersham Road. This is an area that has a high crime rate and struggles to engage young people and deter them away from ￿ti-sO￿al behaviour& The pro8ramme not only provldes weekly coaching but also provides the centre with a sports co-ordinator who organlses the sesslons and helps in planning of other community engagement events. However the programme was effected by lockdown at the end of March 2020 so our delivery had to change to adapt to the situation we found ourselves in. So from April 2020 the dub launched a you tube channel where they posted weekly workouts. games. and thallen8es to help keep the young people actlve during the lockdown period. As soon as it was safe to do so Uuly 2020) the dub then restsrted sesslons under strict socially distanced 8uldeline& Due to onty being able to coach small numbers in sessions delivery increased to 16 sesslons per week to ensure we saw as many children as possible. During the summer holldays a free summer programme was run to ensure basketball reached out to those children who were most vulnerable and were most in need of sport and activity. The programme al￿ teamed up with local food banks where the young people could access free snacks and lunch. Earley Charlty PPE Fundln8 This funding was specifically for the club to purchase PPE equipment which was vitsl In being able to get their sessions back up and running under the strfct Covld guidelines they were under. It allowed the purthase of wipes. sanitiser stations. spray, signage and much more. Basketball England Tackllng Inequalities Funding The programme provlded weekly baskethall sessions for young people with additional needs between the Accounts of Rockets Sport and Educational F(wndalion-Year ending 31 May 2021 Get Be￿$hIre Active Tackling Irwualities Funding The funding helped the tharity to wn summer activity for young people with addttional needs whlch included a multi*port camp in conjunction with Craig at CHRugby. The engagement with the players and families was really helpful in making plans for future SEN delivery l)oth within the TIF programme and also beyond this. Following on from Rockets Summer SEN programme, a weekly session was started at South Reading Leisure Centre for children aged 8 - 18. Two head coaches from Rockets community team led the coaching alongside one of Rockets Young CO￿e5, and a volunteer coach from Reading unive￿Ity This provided such a great amount of support for the young people involved. This programme was launthed In the latter stage of the year due to in person delivery not being safe due to covld. Slr Garfleld Weston prokct This funding helped the charity to launch a 6th mini basketball hub which caters for boys and girls age 4-12. The new hub opened up a potential 50 more spaces for children to play basketball on a weekly basis once it became safe to run bigger session& It also provided the opportunity for one of the club's apprentice coaches to help at the hub and gain experience. In summary this year has been a tale of high successes and high emotions From the sadness of lost friends and relatives to the highs of rekindled friendships and activities. From the online connections to the in person meetin85. 'Covid Year, managed to take a lot of things away from many of us but thanks to the unerring approach that the RSEF and the support team around us created there were still many bright times through a very dark cloud. Yours truly Matt Johnson. cotsnts of Rockets Sport and Educational Fwndatlon-year ending 31" May 2021 Independent examinels report to the trustees of Rockets Sport and Educational Foundation I report to the accounts of the company for the year to 31 May 2021. which are set out on pages 7-17. Respective responsibilities of tnjstees aKI examiner The trustees (who are also the directors of the company for the purposes of company lawl are also responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to: Examine the accounts under section 145 pf the 2-11 Act. To follow the procedures laid down in the general Directions given by the Charity Commission under section 1451511bl of the 2011 Act; and To stste whether particular matters have come to my attention. Basis of independent examine￿5 report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charify and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the ststement below. Independent examinerfs statement In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2(X16 and to prepare accounts which accord wÈth the accountin8 records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met: or 121 to which. in my opinion. attention should be drawn in order to enable a proper understsndin8 of the accounts to be reached. Name: Rachel Eden ACMA Address: Curious Lounge, 20 Tudor Rd. Reading RGI INH Date: 29th March 2022 Actt>unts of Ro¢kets Sport and Educational Foundation-year ending 31° May 2021 Section A Statement of Financial Activities ststement of Financial Artivibes Unrestricted Funds Totsl 2021 Totsl 2020 Incoming resources (Nots3) Grants received Donations received Sponsorships Monies Fundraising Club Income 23.930 19,029 12,5(K) 23.930 19.029 12.500 39.059 36,079 36,079 85.861 Totsl incoming resources 91,537 91.537 124 920 Resources expended (Notes 4-7) Costs for providing basketball training in the community Club expenditu 29.885 29,885 30,893 39.112 39.112 73.584 Governance Costs 1.115 Totsl resources expended Net incoming resources before transfers Gross transfers between funds Net incominglloutgoing) sources before other recognised gains/llosses) 70.077 21.460 70,077 21.460 105,582 19,338 21.460 21.460 19,338 Accounts of Rockets Sport and Educatlonal ￿ndatIon- Yearending 31° May 2021 Section A Statement of Financial Activitses (continued) Unrestricted funds Total 2020 Other recognised 8ains/(losses) Gain5 and10sses on revaluation of fixed assets for the charity's own use Gains and losses on investment assets Net movement in funds Total funds brought forward Total funds carried forward 21.460 20.135 41.595 21.460 20.135 41,595 19.338 797 20.135 A(C￿Thts of Rockets Swt and Eduotlonal Foundation-year ending 31" May 2021 Section B Balance Sheet Unrestricted Funds Totsl this Year Totsl last Year Fixed assets Tangible assets {note 8) Investments (note 91 Total fixed assets Current assets F03 F04 F05 Stock and work in progress Debtors (note 10) (Short term) Investments Cash at bank and in hand Total current assets Creditors: amount falling due within one year (note 11) 42,675 42.675 20,135 42,675 42.675 20.135 1,080 1.080 1,080 Provision for liabilitie5 and charges Net assets Funds of the Charity Unrestricted funds 41.595 41,595 41,595 20.135 Restricted income funds (note 12) Endowment funds (note 121 Total funds 41,495 41,495 20.135 Declaration by Director Si Accounts of Rockets Sport and Educalional Foundatlon-year endlng 31" May 2021 For the year ended 31 May 2021 the company was entitled to exemption under section 477 of the Companies Act 2(K)6 relating to small companies. The members have not required the company to obtsin an audit of its accounts for the year in question in accordance with section 476. j) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of the accounts. jjlThe accounts give a true and fair view of the state of the affairs of the company as at the end of the financial year in accordance with the section 393. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. nature Print Name Date of a roval io Acc(￿Thts of Rockets Sport and Educational Foundation-year eThdv￿ 31" May 2021 Section C Notes to the accounts Note I Basbs of preparation 1.1 Basls of accounting These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: Accounting and Reporting by Charities - Ststement of Recommended Practice ISORP 2CK)51 And with Accounting Stsndards; And with the Charities Act. 12 Change In basls of accountin8 There has been no change to the accounting policies (valuation rules and methods of accounting) since last year 12 Changes to prevfous accounts No changes have been made to accounts for previous year Note 2 Accounting pollcles INCOMING RESOURCES Recognition of These are included in the Ststement of Financial Activities (SoFa) incomin8 when: resources The charity becomes entitled to the resources: The trustees are virtually certain they will receive the resources. and The monetary value can be measured wtth suffiaent reliability Incomin8 Where incoming ￿sOurceS have related expenditure {as with resources With fundraising or contract income) the incomin8 resources and related related expenditure are reported gross in the SOFA expenditure Grants and donations Tax reclaims on donations and gifts Contractual income and perfonnance related grants Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the ￿sOurceS Incoming resources from tsx ￿claimS are included in the SOFA at the same time as the gift to which they relate. li Pu(wnts of Rockets Sport and Educatitywl Foundatk•n-Year ending 31" May 2021 Gifts in kind a￿ accounted for a reasonable estimate of their value to the charity orthe amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when ￿e1vable. Gift In klnd Donated services *)d facilities These are only included in incoming resources (with an equivalent amount in resources expendedl where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees's annual reporL This is included in the accounts when receivable Investment Income Investment gains and losses Thls includes any gain or10ss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Llablllty recognition Governance costs Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources Include costs of the preparation and examination of ststuary accounts. the costs of trustee meetings and cost of any le8al advise to trustees on governance or constitutional matters. Grdnts payable These are only recognised in the accounts when a commitment wfrthout has been made and there are no condition5 to be met relating to perfonnance the grant which remain in the control of the charity. conditions Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources e.&, allocating property costs by floor areas, or per capita. staff costs by the time and other costs by their usage ASSErs Tan8ible fixed These are capitalised if they can be used for more than one year. assets for use and cost at least £500. They are valued at cost or a reasonable by charfty value on receipL Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees. best estimates of market value. These are valued at the lower of cost or market value. Stock and work in progress 12 A¢q)unts of Rockets Sport and Educailonal F￿ndatIOn-vear endhw 31" May 2021 Section C Notes to the accounts IconL) Note 3 Analysis of incoming re￿￿rCeS This year Last year Grants received Grants received to provide services to the commun 23,930 39.059 Donatlons received Sponsorshlp Monies Fundraislng Basketball Club Fees 19.029 12.500 Income received by the basketball club 36.079 85.861 Totsl Note 4 Anatyws of resources expended This year Last year Analysis Costs for providing basketball training in the communi Associated costs for providing basketball training in the communi Costs of running the basketball club for the communi Totsl Costs of providing servlces 29,885 30.893 10.463 1.105 28,649 73,584 13 xcounts of Rod(ets Swt and Edtst*lonal F￿ndat￿Th-year endlng 31" May 2021 Section C Notes to the accounts (cont) Note 5 Dets1￿ of certain itenis of expenditure 5.1. Trustee expenses This ear Number of trustees who were paid expenses Nature of expenses Total amount paid Not applicable Not applicable None None 5.2. Fees for examlnathn or audlt of the accounts Thls ear Last ear Independent examlnerfs or auditors, fees for reportln8 on the accounts Other fees (Accountancy Services) £520 Note 6 Paid employees 6.1. Stsff Cost This ear None Last ear None Gross wages salaries and benefits in kind EmployeVs Nl Pension costs Totsl stsff costs None None None None None None 6.1 Avera8e number of full-time equivalent employees in the year 62. Avera8e number of full-time equivalent employees in the year This year Last year Total None None 6.3 Defined contribution pension xhane: None 14 A¢counts of Rod(ets Sport and Educallonal ￿ndalk1Th-Year endlng 31 May 2021 Section C Notes to the accounts (Icont) Nots7 Grant making 7.1 Totsl value of grants The charity did not make any grants during the year Note 8 Tan8ible fixed assets The charity does not have any tsngible fixed assets. Note 9 Investment a55ets The charity does not have any investment assets. Note 10 Debtors and prepayments The charity does not have any debtors or prepayments Note 11 Credltors and accruals Thls year Last year Accruals 1.080 None Note 12 Endowment and restricted income funds The charity does not have any endowment or restricted income funds. 15 Accounts of Ro¢kets Swt and EduCatI¢￿al FwMIkn-Year ending 31° May 2021 Section C Notes to the accounts ((cont) Transactions and related parties Note 13 13.1 Remuneration and benefits None 132 Loans None 132 Other trdnsactionls) with trustees or related parties Name of the Relationship to Description of This year trustee or charity the related transactionls Reading Run by trustee To provide Rockets or close family basketball Coaching member of training in the Services trustee communi Just Hoops Run by trustee To purchase or close family equipment for member of basketball twstee trainin Run by trustee Community or close famity basketball member of training trustee support services and provision of equipment. Last year £ 12.323.50 7,875 £ 3.065.46 3,412 Well Fit £ 6.256.32 4,342 Reading Rockets Limited Run by trustee or close family member of trustee Run by trustee or close family member of trustee To provide basketball trainin8 in the communi To provide basketball coach mentoring & develo ment £ 21.755 34.327 MJ Basketball Academy 16 Accounts ot Ro(*ets Sm and Educational F(AHMkn-Year ending 31° May 2021 Section C Notes to the accounts Note 14 Additional Disdoswes There are no additional disck)sures which are deemed to be required by the Trustees. 17