## **ROCKETS SPORT AND EDUCATIONAL FOUNDATION** ## **Charity No. 1148764** ## **Company No. 08083976** ## **Trustees' Report and Unaudited Accounts** **31 May 2022** **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Contents** ||Pages|| |---|---|---| |Trustees' Annual Report|1 to 3|| |Independent Examiner's Report|4 to 5|| |Statement of Financial Activities||6| |Summary Income and Expenditure Account||7| |Balance Sheet||8| |Notes to the Accounts|9 to|20| |Detailed Statement of Financial Activities|21 to|23| Page 1 ## **ROCKETS SPORT AND EDUCATIONAL FOUNDATION** ## **Trustees Annual Report** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 May 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. 08083976** ## **Charity No. 1148764** ## **Principal Office** 39 Finch Road Earley Reading ## **Registered Office** 39 Finch Road Earley Reading RG6 7JX ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: M. Johnson K.A. Kelly S. Turner ## **Accountants** Holy Brook Associates Ltd Curious Lounge 20 Tudor Road RG1 1NH ## **OBJECTIVES AND ACTIVITIES** The purpose of the charity as set out in its governing document. The main activities undertaken in relation to those purposes. ACTIVITIES FOR YOUNG PEOPLE EDUCATION AND DEVELOPMENT HEALTH AND WELL-BEING VOLUNTEERING SOCIAL INCLUSION SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES SEE FIT ## **Chair's report** The trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement. What a wonderful year to be a part of such a programme that authentically can say it is getting more people active and involved in some really wonderful projects! With a number of active partnerships that we fully intend to develop and nurture here is the outline of some of the highlights of the year in question. Page 2 ## **ROCKETS SPORT AND EDUCATIONAL FOUNDATION** ## **Trustees Annual Report** As ever I am eternally grateful to our wonderful committee with special thanks to Steve Turner and Kerry Kelly for their insight, knowledge and determination to work harder when things look hard! ## **Partnerships and funders** Earley Charity: Through Earley charity, the charity has been able to provide weekly basketball sessions at The Weller Community Centre in Amersham Road. This is an area that has a high crime rate and struggles to engage young people and deter them away from anti-social behaviour. The programme not only provides weekly coaching but also provides the centre with a sports co-ordinator who organises the sessions and helps in the planning of other community engagement events. The programme delivers basketball to 60 young people each week with the teams now competing in the club’s monthly community league. Get Berkshire Active: Through funding from GBA Tackling inequalities fund the club was able to run weekly basketball sessions for young people with additional needs. As well as weekly sessions they also received funding to run summer SEN basketball camps. They were able to engage with 15 young people per week and also 20 at their summer basketball camps. This has now seen the programme continue long term due to it now being sustainable. Basketball England: Through funding from Basketball England the club was able to start a new adult SEN session to cater for those 18+. The funding provided them with equipment to get the session started as well as help with hall hire and coaching costs. Greenham Trust: Through funding from the Greenham common trust the charity was able to set up a new community hub at Theale Green school. This provides sessions for young people aged from 5-12 and currently has 50 young people attending each week. Garfield Weston: Through funding from Garfield Weston, the charity successfully set up a new local hub in Woodley in the heart of a community for children from ages 4-12 years old. Within its first term we had 51 children playing each week with a waiting list of 30 wanting to have a space on the programme. Its aim was to ensure children had fun and were engaged. This was evident as very few spaces opened up in the first year it was running so there is a huge demand for the programme to expand for the next academic year. Junior Club: As the RSEF continues to develop the storyline of its own existence it is incredibly heart warming to see the pathway it is now furrowing from the community ‘have a go’ activities to the more structured club environment and all things in between. The junior teams have been wonderfully well supported by families and the charity together and this has certainly allowed many young people to play a sport they love without fear or prejudice of financial embarrassment. ## **ACHIEVEMENTS AND PERFORMANCE** It gives us all a wonderful feeling to see young people supported from afar by the generosity of others and as we say very frequently “it takes a village” I am thoroughly proud to be a small cog in this enormous wheel and look forward to seeing the growth of the programme as it again takes a turn towards ‘even better’. ## **FINANCIAL REVIEW** The charity holds sufficient reserves to ensure that it remains a going concern. Page 3 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Trustees Annual Report** The trustees are confident the charity is a going concern ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is governed by its governing document and is a charitable company The recruitment and appointment of new trustees is based on the needs of the organisation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board M. Johnson Trustee 28 March 2023 Page 4 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Independent Examiners Report** ## **Independent Examiner's Report to the trustees of ROCKETS SPORT AND EDUCATIONAL FOUNDATION** I report to the charity trustees on my examination of the financial statements of ROCKETS SPORT AND EDUCATIONAL FOUNDATION for the year ended 31 May 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. ## **Responsibilities and 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** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: - accounting records were not kept in accordance with 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 under 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 Charities SORP (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 financial statements to be reached. Sabina Reed AAT Holy Brook Associates Ltd Curious Lounge 20 Tudor Road RG1 1NH 28 March 2023 Page 5 ## **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Statement of Financial Activities** ## **for the year ended 31 May 2022** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
**Total**
**Expenditure on:**
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net (expenditure)/income**
8
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
12,966
70,052|**Restricted**
**funds**
**2022**
**£**
35,145
-|**Total funds**
**2022**
**£**
48,111
70,052|**Total**
**funds**
**2021**
**£**
42,959
48,579| |---|---|---|---|---| ||83,018
72,128
37,726|35,145
30,982
-|118,163
103,110
37,726|91,538
41,428
28,650| ||109,854
-|30,982
-|140,836
-|70,078
-| ||(26,836)
-|4,163
-|(22,673)
-|21,460
-| ||(26,836)|4,163|(22,673)|21,460| ||(26,836)
41,595|4,163
-|(22,673)
41,595|21,460
20,135| ||14,759|4,163|18,922|41,595| Page 6 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Summary Income and Expenditure Account** ## **for the year ended 31 May 2022** |Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2022**
**£**
118,163
118,163
140,836
140,836
(22,673)
(22,673)|**2021**
**£**
91,537| |---|---|---| |||91,537| |||70,077| |||70,077| |||21,460| |||21,460| Page 7 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Balance Sheet** ## **at 31 May 2022** |**Company No.**
**08083976**
**Notes**
**2022**
**£**
**Current assets**
Cash at bank and in hand
20,074
20,074
**Creditors:**Amount falling due within one year
10
(1,152)
**Net current assets**
18,922
**Total assets less current liabilities**
18,922
**Net assets excluding pension asset or liability**
18,922
**Total net assets**
18,922
**The funds of the charity**
**Restricted funds**
11
Restricted income funds
4,163
4,163
**Unrestricted funds**
11
General funds
14,759
14,759
**Reserves**
11
**Total funds**
18,922|**2021**
**£**
42,675| |---|---| ||42,675
(1,080)| ||41,595
41,595| ||41,595| ||41,595| ||-| ||-
41,595| ||41,595| ||41,595| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 May 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 28 March 2023 And signed on its behalf by: M. Johnson Trustee 28 March 2023 Page 8 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## **for the year ended 31 May 2022** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to** ## **previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** Unrestricted These are available for use at the discretion of the trustees in furtherance funds of the general objects of the charity. Designated These are unrestricted funds earmarked by the trustees for particular funds purposes. Revaluation These are unrestricted funds which include a revaluation reserve funds representing the restatement of investment assets at their market values. Restricted These are available for use subject to restrictions imposed by the donor or funds through terms of an appeal. Page 9 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** |**Income**|| |---|---| |Recognition|Income is included in the Statement of Financial Activities (SoFA) when the| |of income|charity becomes entitled to, and virtually certain to receive, the income| ||and the amount of the income can be measured with sufficient reliability.| |Income with|Where income has related expenditure the income and related| |related|expenditure is reported gross in the SoFA.| |expenditure|| |Donations|Voluntary income received by way of grants, donations and gifts is| |and legacies|included in the the SoFA when receivable and only when the Charity has| ||unconditional entitlement to the income.| |Tax reclaims|Income from tax reclaims is included in the SoFA at the same time as the| |on|gift/donation to which it relates.| |donations|| |and gifts|| |Donated|These are only included in income (with an equivalent amount in| |services and|expenditure) where the benefit to the Charity is reasonably quantifiable,| |facilities|measurable and material.| |Volunteer|The value of any volunteer help received is not included in the accounts.| |help|| |Investment|This is included in the accounts when receivable.| |income|| |Gains/(losse|This includes any gain or loss resulting from revaluing investments to| |s) on|market value at the end of the year.| |revaluation|| |of fixed|| |assets|| |Gains/(losse|This includes any gain or loss on the sale of investments.| |s) on|| |investment|| |assets|| Page 10 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## **Expenditure** - Recognition Expenditure is recognised on an accruals basis. Expenditure includes any of VAT which cannot be fully recovered, and is reported as part of the expenditure expenditure to which it relates. Expenditure These comprise the costs associated with attracting voluntary income, on raising fundraising trading costs and investment management costs. funds - Expenditure These comprise the costs incurred by the Charity in the delivery of its on activities and services in the furtherance of its objects, including the charitable making of grants and governance costs. - activities - Grants All grant expenditure is accounted for on an actual paid basis plus an payable accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance These include those costs associated with meeting the constitutional and costs statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other These are support costs not allocated to a particular activity. - expenditure ## **Taxat** ## **ion** The charity is exempt from corporation tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 11 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Page 12 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. ## 3 **Statement of Financial Activities - prior year** |**Income and**
**endowments from:**
Donations and
legacies
Charitable activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2021**
**£**
42,959
48,579
91,537
68,997
1,080
70,077
21,460
21,460
21,460
20,135
41,595|**Total funds**
**2021**
**£**
42,959
48,579| |---|---|---| |||91,537
68,997
1,080| |||70,077| |||21,460| |||21,460| |||21,460
20,135| |||41,595| Page 13 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION** ## **Notes to the Accounts** ## **Income from donations and** ## 4 **legacies** ## **Unrestric** |Grants
Donations
5
**Income from charitable**
**activities**
Charitable activities
Other Charitable
activity
6
**Expenditure on charitable**
**activities**
_Expenditure on_
_charitable activities_
Charitable activities
Other Charitable
activity
_Governance costs_
Independent
Examination and
accountancy|**ted**
**£**
-
12,966
12,966
**Unrestric**
**ted**
**£**
70,886
-
1,242
72,128|**Restricted**
**£**
25,145
10,000
35,145
**Unrestricted**
**£**
70,052
-
70,052
**Restricted**
**£**
30,982
-
-
30,982|**Total**
**2022**
**£**
25,145
22,966
48,111
**Total**
**2022**
**£**
70,052
-
70,052
**Total**
**2022**
**£**
101,868
-
1,242
103,110|**Total**
**2021**
**£**
23,930
19,029| |---|---|---|---|---| |||||42,959| |||||**Total**
**2021**
**£**
36,079
12,500| |||||48,579| |||||**Total**
**2021**
**£**
29,885
10,463
1,080| |||||41,428| Page 14 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## 7 **Other expenditure** |**Unrestricted**
**£**
Volunteer costs
246
Motor and travel
costs
11,033
General
administrative costs
26,447
37,726
8
**Net (expenditure)/income**
**before transfers**
**2022**
This is stated after charging:
**£**
Independent Examiner's fee
400
Other fees paid to the
auditor or independent
examiner
580
9
**Staff costs**
The charity had no employees (previous year - none)
10 **Creditors:**
amounts falling due within
one year
**2022**
**£**
Accruals
1,152
1,152|**Total**
**2022**
**£**
246
11,033
26,447
37,726|**Total**
**2021**
**£**
-
-
28,650| |---|---|---| |||28,650| |||**2021**
**£**
380
520
**2021**
**£**
1,080| |||1,080| Page 15 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## 11 **Movement in funds** |**Restricted funds:**
**Restricted income**
**funds:**
Get Berkshire Active
Earley Charity
Sported Foundation
BE Tackling
inequalities
Greenham Trust
Garfield Weston
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 June**
**2021**
-
-
-
-
-
-
-
41,595
41,595|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
2,373
12,000
200
4,812
5,760
10,000
35,145
83,018
118,163|**Resources**
**expended**
**£**
(2,373)
(11,013)
(200)
(4,812)
(4,404)
(8,180)
(30,982)
(109,854)
(140,836)|**At 31 May**
**2022**
**£**
-
987
-
-
1,356
1,820| |---|---|---|---|---| |||||4,163| |||||14,759| |||||18,922| Purposes and restrictions in relation to the funds: Restricted funds: Get Berkshire Active Weekly basketball sessions for young people with additional needs in an area of Reading which is under privileged. Earley Charity Weekly schools basketball programme, community club, holiday camps and community engagement events at The Weller Community Centre in Amersham Road. Sported Foundation BE Tackling inequalities Greenham Trust New community hub at Theale Green school Garfield Weston New local hub in Woodley ## **Analysis of net assets** 12 **between funds** |Net current assets|**Unrestricted**
**funds**
**£**
18,922
18,922|**Total**
**£**
18,922| |---|---|---| |||18,922| Page 16 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** ## 13 **Reconciliation of net debt** |Cash and cash equivalents
Net debt|**At 1 June**
**2021**
**£**|**Cash flows**
**£**|**At 31 May**
**2022**
**£**| |---|---|---|---| ||42,675|(22,601)|20,074| ||42,675
42,675|(22,601)
(22,601)|20,074| ||||20,074| Page 17 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** |14|**Related party disclosures**|**Related party disclosures**||| |---|---|---|---|---| ||||**2022**|**2021**| ||**_Transactions with related parties_**||**£**|**£**| ||_Name of related_
_party_|Just Hoops||| ||_Description of_
_relationship between_
_the parties_|Run by trustee or close family
member of trustee||| ||_Description of_|||| ||_transaction and_|To purchase equipment for||| ||_general amounts_|basketball training||| ||_involved_|||| ||_Amount due from/(to)_|_the related party_|13,065|3,065| ||_Name of related_
_party_|Reading Rockets Coaching Services||| ||_Description of_
_relationship between_
_the parties_|Run by trustee or close family
member of trustee||| ||_Description of_|||| ||_transaction and_|To provide basketball training in||| ||_general amounts_|the community||| ||_involved_|||| ||_Amount due from/(to)_|_the related party_|29,550|12,324| ||_Name of related_
_party_|Reading Rockets Ltd||| ||_Description of_
_relationship between_
_the parties_|Run by trustee or close family
member of trustee||| ||_Description of_|||| ||_transaction and_|To provide administrative and||| ||_general amounts_|mentoring services for the charity.||| ||_involved_|||| ||_Amount due from/(to)_|_the related party_|33,100|21,755| ||_Name of related_|Well Fit||| ||_party_|||| ||_Description of_
_relationship between_
_the parties_|Run by trustee or close family
member of trustee||| ||_Description of_|||| ||_transaction and_|Community basketball training||| ||_general amounts_|support project management||| ||_involved_|||| ||_Amount due from/(to)_|_the related party_|4,004|6,256| ||_Name of related_
_party_|MJ Basketball Academy||| Page 18 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Notes to the Accounts** _Description of_ Run by trustee or close family _relationship between_ member of trustee _the parties Description of transaction and_ To provide basketball coach _general amounts_ mentoring & development _involved Amount due from/(to) the related party_ - 800 _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 19 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Statement of Cash flows for the year ended 31 May 2022** |**Cash flows from operating activities**
**Net expenditure per Statement of Financial Activities**
**Net cash used in operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net decrease in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2022**
**£**
(22,673)
(22,673)
-
-
(22,673)
42,675
20,002
20,074
20,074|**2021**
**£**
-| |---|---|---| |||-| |||-| |||| |||-| |||| |||-| |||-| |||-| |||| |||42,675| |||| |||42,675| Page 20 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Detailed Statement of Financial Activities** ## **for the year ended 31 May 2022** |**Income and endowments from:**
Donations and legacies
Grants
Donations
Charitable activities
Charitable activities
Other Charitable activity
**Total income and endowments**
**Expenditure on:**
Charitable activities
Charitable activities
Other Charitable activity
Governance costs
Independent Examination and accountancy
**Total of expenditure on charitable activities**
Employee costs
Staff training
Motor and travel costs
Vehicles - General costs
Vehicles - Leasing and hire
costs
Vehicles - Fuel
Vehicles - Repairs and
maintenance
General administrative costs, including
depreciation and amortisation
Bank charges
Software, IT support and
related costs
Sundry expenses
**Total of expenditure of other costs**|**Restricted**
**funds**
**2022**
**£**
25,145
10,000
35,145
-
-
-
35,145
30,982
-
30,982
-
-
30,982
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**funds**
**2022**
**£**
25,145
22,966
48,111
70,052
-
70,052
118,163
101,868
-
101,868
1,242
1,242
103,110
246
246
1,943
4,881
2,020
2,189
11,033
162
317
25,968
26,447
37,726|**Total**
**funds**
**2021**
**£**
23,930
19,029| |---|---|---|---| ||||42,959| ||||36,079
12,500| ||||48,579| ||||91,538
29,885
10,463| ||||40,348| ||||1,080| ||||1,080| ||||41,428
-| ||||-| ||||-
-
-
-| ||||-| ||||-
-
28,650| ||||28,650| ||||28,650| Page 21 **ROCKETS SPORT AND EDUCATIONAL FOUNDATION Detailed Statement of Financial Activities** |**ROCKETS SPORT AND EDUCATIONAL FOUNDATION**
**Detailed Statement of Financial Activities**|||| |---|---|---|---| |**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|30,982
-
4,163
4,163
-
4,163
-
4,163|140,836
-
(22,673)
(22,673)
-
(22,673)
41,595
18,922|70,078
-| ||||21,460| ||||21,460
-| ||||21,460| ||||20,135| ||||41,595| Page 22 ROCKETS SPORT AND EDUCATIONAL FOUNDATION Audil Report Unqualified Page 23