Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
Rockets Sport and Educational Foundation Financial Statements For the Year to 31 May 2023 Registered Company Number: 08083976 Registered Charity Number 1148764
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
Rockets Sport and Educational Foundation
COMPANY INFORMATION
DIRECTORS: Anthony Jones (appointed 7[th] April 2023) Steven Turner Samantha Johnson (appointed 7[th] April 2023) Benjamin Fisher (appointed 7[th] April 2023) Kerry Kelly (resigned during the year) Matthew Johnson REGISTERED OFFICE: Helgar 39 Finch Road Earley Reading Berks RG6 7JX REGISTERED NUMBER: 08083976
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Commented [RE1]: This needs updating from trustees
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
Trustees Report 2023
Rockets Sport and Educational Foundation Programme Report 1[st] June 2022 – 31[st] May 2023
Rockets look back at the end of this year on a very successful year, giving many youngsters the opportunity to enjoy participating in sport, improving their physical fitness and learning many important lessons for life.
The charity has benefited from funding from a number of sources.
Earley Charity Funding
Through the support of the Earley Charity the Foundation 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 behaviours. The programme not only provides weekly coaching but also provides the centre with a sports coordinator who organises the sessions and helps in the planning of other community engagement events.
It also allows the club to work in local primary schools to act as a pathway for children to then access the programme at the Centre.
This year the programme saw 2 teams from the Weller programme take part in the Rockets community Basketball league which has been great for the young players to experience the competitive element of the game in a fun and healthy environment.
Sir Garfield Weston project
This funding helped the charity to launch a 6[th] 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 sessions. It also provided the opportunity for one of the club’s apprentice coaches to help at the hub and gain experience. This programme has continued to grow this year as it expanded to take on an under 14 group at the same venue to provide a longer pathway for the
Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
young players. 2 Bulmershe teams also entered the club’s community league which has been a great addition this year.
Get Berkshire Active Play Unified
The play unified project helped the charity to provide coaching to 6 SEND schools to help develop their skills and knowledge of basketball which then culminated in a 3v3 tournament held at Reading University sports park. This was a really great project to engage more young people with additional needs into sport.
Get Berkshire Active – Sport Together
Sport Together was a first of its kind sports programme which involved 8 clubs in the area develop a programme which provided both weekly sessions and one off events for young people with SEND and also an aim of engaging with youth in years 6 and 7 to encourage them to be active and help to reduce anti-social behaviour. The programme also provided funding for the coaches to attend courses including Mental Health Awareness and Trauma in young people. As well as funding the delivery of each sport each club was able to spend time with other clubs looking at their programmes and gaining CPD. A really successful programme which really showed how collaboration can be really powerful in sport.
Greenham Common Trust
The charity was supported by funding from the Greenham Common Trust which helped the charity to provide a new programme in Theale which was a new area for the club. In the first couple of months of the programme the charity had over 40 new players between the ages of 8 and 12 training every week. It also provided the new club with basketballs and hoops to ensure the equipment was suitable for the age groups of the club.
It also provided funding for the club to provide a weekly session to the school to help engage more students into the sport.
This programme has now grown to include an under 14 group and SEND group at the school, with 2 teams playing in the club’s community league. This has been one of the biggest successes of this year’s funding by moving to a whole new area and increasing the amount of young people playing basketball.
John Sykes Foundation
We are very grateful for a donation from the John Sykes Foundation towards our work which enabled us to support more young people.
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
Other
The other major part of the charity is the junior club which has gone from strength to strength over the whole club’s 25 year history. The “junior” section where players train and play at the performance and development level now sees 14 teams compete regionally and nationally with just over 200 athletes training at least twice a week and playing games at weekends.
The club now has age group representation at every age for both male and female participants, with premier level and conference level for boys at Under 14s, 16s, and 18s teams, with the aim of giving girls at Under 14 and Under 16 levels the opportunity to play premier level in future years, where at present the Under 18 girls play.
There have also been structural changes with a new head of youth basketball being appointed alongside a head of girls’ basketball and head of boys’ basketball. There are plans to enhance this next season with the introduction of a new junior club coaching committee which will see six coaches from different sporting backgrounds come together to ensure the club is offering the very best basketball, environment, and coaching to all its younger members.
Amongst the circa 250 personnel to include all staff members (coaches, team managers, support staff etc.), a number of players currently represent their national teams, a good number represent their super region and, and even more their region, with some of the coaching staff also representing on these respective stages. The aim is to provide more players with an opportunity to represent further along the pathway as well as within its own club system with about 20 players currently “training up” with different teams.
Currently, a new 3-5 year plan is being formulated by the coaching committee which will look to increase the number of participants, teams, and coaches as well as challenge the quality of what is being delivered and we look forward to reporting on that in due course.
On the financial side, the trustees are satisfied that it continues to be viable, but are reviewing the charity’s reserves policy.
The charity is grateful for all those who make its work possible and looks forward to a bright future.
Ben Fisher
On behalf of the trustees
February 2024
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
Independent examiner’s report to the trustees of Rockets Sport and Educational Foundation
I report to the accounts of the company for the year to 31 May 2023, which are set out on the following pages.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are also responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) 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 145(5)(b) of the 2011 Act; and To state whether particular matters have come to my attention.
Basis of independent examiner’s report
2073,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 charity 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 concerning 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 statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) 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 2006 and to prepare accounts which accord with the accounting 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
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Rachel Eden ACMA
Address: Curious Lounge, 20 Tudor Rd, Reading RG1 1NH
Date: 27[th] March 2024
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
| Section A Statemen Stat Notes Incoming resources (Note3) Donations and legacies 4 Charitable activities 5 Total incoming resources 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 |
t of Financial Activi ement of Financial Unrestricte d Funds £ 25,174 90,527 115,700 125,533 1,152 126,685 - (10,985) - (10,985) (10,985) 14,759 3,774 |
ties Activities Restricted Funds £ 23,344 - 23,344 26,307 - 26,307 - (2,963) - (2,963) (2,963) 4,163 1,200 |
Total 2023 £ 48,518 90,527 139,044 151,840 1,152 152,992 - (13,948) - (13,948) (13,948) 18,922 4,974 |
Total 2022 £ 48,111 70,052 |
|---|---|---|---|---|
| 118,163 103,110 37,727 |
||||
| 109,854 - |
||||
| (22,673) - |
||||
| (22,673) | ||||
| (22,673) 41,595 |
||||
| 18,922 |
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
related
| Section B Ba Restricte funds Fixed assets Tangible assets (note 8) Investments (note 9) Total fixed assets Current assets Stock and work in progress Debtors (note 10) (Short term) investments Cash at bank and in hand 1,200 Total current assets 1,200 Creditors: Amount falling due within one year (note 11) Provision for liabilities and charges Net assets 1,200 Funds of the Charity Unrestricted funds Restricted income funds (note 12) 1,200 Endowment funds (note 12) Total funds 1,200 |
la d |
nce Sheet Unrestricted Funds £ Total this Year £ Total last Year £ F03 F04 F05 16,250 16,250 - - - - |
|---|---|---|
| 16,250 16,250 - |
||
| - - - - - - - - - 1,272 2,472 20,074 |
||
| 1,272 2,472 20,074 |
||
| 5,821 5,821 |
||
| 7,927 7,927 - |
||
| 3,774 4,974 18,922 |
||
| 3,774 3,774 14,759 - 1,200 4,163 - 4,974 4,974 18,922 |
Declaration by Directors:
-
For the year ended 31 May 2023 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 of its accounts for the year in question in accordance with section 476.
-
i) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of the accounts.
-
ii)The 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.
Signature Print Name Date of approval
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
Section C Notes to the accounts Note 1 Basis of preparation
1.1 Basis 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 – Statement of Recommended Practice (SORP 2005)
-
• And with Accounting Standards;
-
And with the Charities Act.
1.2 Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year
1.3 Changes to previous accounts
No changes have been made to accounts for previous years.
| Note 2 | Accounting policies | Accounting policies |
|---|---|---|
| INCOMING RESOURCES | ||
| Recognition of | These are included in the Statement of Financial Activities (SoFa) when: | |
| incoming 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 with sufficient reliability |
||
| Incoming resources | Where incoming resources have related expenditure (as with fundraising or contract income) | |
| with related | the incoming resources and related expenditure are reported gross in the SoFA. | |
| expenditure | ||
| Grants and donations | Grants and donations are only included in the SoFA when the charity has unconditional | |
| entitlement to the resources | ||
| Tax reclaims on | Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to | |
| donations and gifts | which they relate. | |
| Contractual income | ||
| and performance | ||
| related grants | ||
| Gifts in kind are accounted for a reasonable estimate of their value to the charity or the | ||
| Gift in kind | 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 | ||
| receivable. | ||
| Donated services | These are only included in incoming resources (with an equivalent amount in resources | |
| and facilities | expended) 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 report. | ||
| Investment Income | This is included in the accounts when receivable | |
| Investment gains | and | This includes any gain or loss on the sale of investments and any gain or loss resulting from |
| losses | revaluing investments to market value at the end of the year. |
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
EXPENDITURE AND LIABILITIES
| Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources Governance costs Include costs of the preparation and examination of statuary accounts, the costs of trustee meetings and cost of any legal advise to trustees on governance or constitutional matters. Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 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.g., allocating property costs by floor areas, or per capita, staff costs by the time and other costs by their usage ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. 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. Stock and work in progress These are valued at the lower of cost or market value. Note 3 Analysis of incoming resources Analysis This year £ Last year £ Grants received Grants received to provide services to the community 23,344 24,145 Donations received 25,174 22,966 Sponsorship Monies 335 - Fundraising Basketball Club Fees Income received by the basketball club 90,192 70,052 Total 139,044 117,163 Note 4 Analysis of resources expended Analysis This year £ Last year £ Costs of providing services Costs of providing basketball training in the community 109,068 101,868 Associated costs for providing basketball training in the community 976 - Costs of running the basketball club for the community 41,797 26,447 Other expenditure Volunteer costs - 246 Motor and travel costs 11,033 Governance costs 1,152 Total 152,002 139,594 |
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources Governance costs Include costs of the preparation and examination of statuary accounts, the costs of trustee meetings and cost of any legal advise to trustees on governance or constitutional matters. Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 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.g., allocating property costs by floor areas, or per capita, staff costs by the time and other costs by their usage ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. 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. Stock and work in progress These are valued at the lower of cost or market value. Note 3 Analysis of incoming resources Analysis This year £ Last year £ Grants received Grants received to provide services to the community 23,344 24,145 Donations received 25,174 22,966 Sponsorship Monies 335 - Fundraising Basketball Club Fees Income received by the basketball club 90,192 70,052 Total 139,044 117,163 Note 4 Analysis of resources expended Analysis This year £ Last year £ Costs of providing services Costs of providing basketball training in the community 109,068 101,868 Associated costs for providing basketball training in the community 976 - Costs of running the basketball club for the community 41,797 26,447 Other expenditure Volunteer costs - 246 Motor and travel costs 11,033 Governance costs 1,152 Total 152,002 139,594 |
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources Governance costs Include costs of the preparation and examination of statuary accounts, the costs of trustee meetings and cost of any legal advise to trustees on governance or constitutional matters. Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 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.g., allocating property costs by floor areas, or per capita, staff costs by the time and other costs by their usage ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. 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. Stock and work in progress These are valued at the lower of cost or market value. Note 3 Analysis of incoming resources Analysis This year £ Last year £ Grants received Grants received to provide services to the community 23,344 24,145 Donations received 25,174 22,966 Sponsorship Monies 335 - Fundraising Basketball Club Fees Income received by the basketball club 90,192 70,052 Total 139,044 117,163 Note 4 Analysis of resources expended Analysis This year £ Last year £ Costs of providing services Costs of providing basketball training in the community 109,068 101,868 Associated costs for providing basketball training in the community 976 - Costs of running the basketball club for the community 41,797 26,447 Other expenditure Volunteer costs - 246 Motor and travel costs 11,033 Governance costs 1,152 Total 152,002 139,594 |
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources Governance costs Include costs of the preparation and examination of statuary accounts, the costs of trustee meetings and cost of any legal advise to trustees on governance or constitutional matters. Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 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.g., allocating property costs by floor areas, or per capita, staff costs by the time and other costs by their usage ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. 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. Stock and work in progress These are valued at the lower of cost or market value. Note 3 Analysis of incoming resources Analysis This year £ Last year £ Grants received Grants received to provide services to the community 23,344 24,145 Donations received 25,174 22,966 Sponsorship Monies 335 - Fundraising Basketball Club Fees Income received by the basketball club 90,192 70,052 Total 139,044 117,163 Note 4 Analysis of resources expended Analysis This year £ Last year £ Costs of providing services Costs of providing basketball training in the community 109,068 101,868 Associated costs for providing basketball training in the community 976 - Costs of running the basketball club for the community 41,797 26,447 Other expenditure Volunteer costs - 246 Motor and travel costs 11,033 Governance costs 1,152 Total 152,002 139,594 |
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources Governance costs Include costs of the preparation and examination of statuary accounts, the costs of trustee meetings and cost of any legal advise to trustees on governance or constitutional matters. Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 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.g., allocating property costs by floor areas, or per capita, staff costs by the time and other costs by their usage ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. 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. Stock and work in progress These are valued at the lower of cost or market value. Note 3 Analysis of incoming resources Analysis This year £ Last year £ Grants received Grants received to provide services to the community 23,344 24,145 Donations received 25,174 22,966 Sponsorship Monies 335 - Fundraising Basketball Club Fees Income received by the basketball club 90,192 70,052 Total 139,044 117,163 Note 4 Analysis of resources expended Analysis This year £ Last year £ Costs of providing services Costs of providing basketball training in the community 109,068 101,868 Associated costs for providing basketball training in the community 976 - Costs of running the basketball club for the community 41,797 26,447 Other expenditure Volunteer costs - 246 Motor and travel costs 11,033 Governance costs 1,152 Total 152,002 139,594 |
|---|---|---|---|---|
| Grants received to provide services to the community |
23,344 | 24,145 | ||
| 25,174 | 22,966 | |||
| 335 | - | |||
| Income received by the basketball club |
90,192 | 70,052 | ||
| Total | 139,044 | 117,163 | ||
| Analysis of resources Analysis |
expended This year £ Last year £ |
|||
| Costs of providing basketball training in the community |
109,068 | 101,868 | ||
| Associated costs for providing basketball training in the community |
976 | - | ||
| Costs of running the basketball club for the community |
41,797 | 26,447 | ||
| Volunteer costs | - | 246 | ||
| Motor and travel costs | 11,033 | |||
| Governance costs | 1,152 | |||
| Total | 152,002 | 139,594 |
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
| Section C Notes to the accounts Note 5 Details of certain item 5.1. Trustee expenses Number of trustees who were paid expenses Nature of expenses Total amount paid 5.2. Fees for examination or audit of the accounts Independent examiner’s or auditors’ fees for reporting on the accounts Other fees (Accountancy Services) Note these are the charges excluding VAT – total invoice valu Note 6 Paid employees 6.1. Staff Cost This year Gross wages, salaries and benefits in kind None Employer’s NI None Pension costs None Total staff costs None 6.2. Average number of full-time equivalent employees in th 6.2. Average number of full-time equivalent employees in the year Total 6.3 Defined contribution pension scheme: None |
Section C Notes to the accounts Note 5 Details of certain item 5.1. Trustee expenses Number of trustees who were paid expenses Nature of expenses Total amount paid 5.2. Fees for examination or audit of the accounts Independent examiner’s or auditors’ fees for reporting on the accounts Other fees (Accountancy Services) Note these are the charges excluding VAT – total invoice valu Note 6 Paid employees 6.1. Staff Cost This year Gross wages, salaries and benefits in kind None Employer’s NI None Pension costs None Total staff costs None 6.2. Average number of full-time equivalent employees in th 6.2. Average number of full-time equivalent employees in the year Total 6.3 Defined contribution pension scheme: None |
(cont.) s of expenditure |
|
|---|---|---|---|
| This year | Last year | ||
| 0 | 0 | ||
| Not applicable | Not applicable | ||
| None | None | ||
| This year | Last year | ||
| £400 | £ 400 | ||
| £580 | £580 | ||
| e £980+VAT, £1,152 | r | ||
| This year | Last year | ||
| None | None | ||
| None | None | ||
| None | None | ||
| None | None | ||
| e year This year Last yea None None |
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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
| Section C | Notes to the accounts ((cont) |
|---|---|
| Note 7 | Grant making |
| 7.1 Total value of grants | |
| The charity did not make any grants during the year | |
| Note 8 | Tangible fixed assets |
| Cost or valuation At 1stJune 2022 Additions Disposals At 31st May 2023 Depreciation At 1st June 2022 Disposals Charge for the year At 31st May 2023 Net book value At 31st May 2023 At 1stJune2022 |
Equipment Total £ £ |
|---|---|
- - 24,552 24,552 - - |
|
| 24,552 24,552 |
|
| - - 8,032 8,032 |
|
| 8,032 8,032 |
|
| 16,520 16,520 - - |
| Note 9 Investment assets |
|---|
| The charity does not have any investment assets. |
| Note 10 Debtors and prepayments |
| The charity does not have any debtors or prepayments. |
Note 11 Creditors and accruals
| Accruals Note 12 E |
2023 £ |
2022 £ |
|---|---|---|
| **1,152 ** | **1,152 ** | |
| ndowment and restricted income funds |
The charity does not have any endowment or restricted income funds.
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| Accounts of Rockets Sport and Educational Foundation – Year ending 31st May 2023 | Accounts of Rockets Sport and Educational Foundation – Year ending 31st May 2023 | Accounts of Rockets Sport and Educational Foundation – Year ending 31st May 2023 | Accounts of Rockets Sport and Educational Foundation – Year ending 31st May 2023 | Accounts of Rockets Sport and Educational Foundation – Year ending 31st May 2023 | ||
|---|---|---|---|---|---|---|
| Section C Notes to the accounts ((cont) |
||||||
| Note 13 Transactions and related parties |
||||||
| 13.1 Remuneration and benefits | ||||||
| None | ||||||
| 13.2 Loans | ||||||
| None | ||||||
| 13.3 Other transaction(s) with trustees or related parties | ||||||
| Payments made to trustees or related parties | ||||||
| Name of the trustee Relationship to |
Description of the | This year | Last year | |||
| or related party charity |
transaction(S) | £ | £ | |||
| Reading Rockets Run by trustee or |
To provide | |||||
| Coaching Services close family member |
basketball training in | |||||
| of trustee | the community | £17,434.18 | £ 29,550 | |||
| Just Hoops Run by trustee or |
To purchase | |||||
| close family member | equipment for | |||||
| of trustee | basketball training | £ 10,844.80 | £ 13,065 | |||
| Well Fit Run by trustee or |
Community | |||||
| close family member | basketball training | |||||
| of trustee | support project | |||||
| management | £5,556.76 | £ 4,004 | ||||
| Reading Rockets Run by trustee or |
To provide | |||||
| Limited close family member |
administrative and | £30,088.24 | £ 33,100 | |||
| of trustee | mentoring services | |||||
| to the basketball | ||||||
| coaches for the | ||||||
| charity and provide | ||||||
| basketball training. | ||||||
| Ben Fisher Trustee |
To provide | |||||
| basketball training in | £4,418.45 | - | ||||
| the community | ||||||
| Money received from trustees or related parties | ||||||
| Reading Rockets Run by trustee or |
Donations to cover | |||||
| Limited close family member |
cost of equipment | |||||
| of trustee | bought for Loddon | £2073.55 | - | |||
| Valley and other | ||||||
| costs incurred by the | ||||||
| charity | ||||||
| In addition, a number of transactions went through the charity bank account which were related to Reading Rockets | ||||||
| Limited. These were all reimbursed. | ||||||
| Trustees and relatives of trustees also provide substantial in-kind and volunteer support | ||||||
| 13 |
Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2023
| Section C Note 14 There are no additiona Note 15 Movement in Restricted Funds: Restricted Income funds: Get Berkshire Active Earley Charity Greenham Trust Garfield Weston Total Unrestricted funds: General funds Total Funds |
l disclosures w funds At June 2022 - 987 1,356 1,890 4,163 14,759 18,922 |
Notes to the accounts Additional Disclosures hich are deemed to be required by the Trustees. Incoming resources (Including other gains/losses) £ Resources Expended £ 2,744 2,744 20,600 20,387 1,356 1,890 23,344 26,307 102,838 113,823 126,182 140,130 |
At May 2023 £ - 1,200 - - |
|---|---|---|---|
| 1,200 | |||
| 3,774 | |||
| 4,974 |
| Purposes and restrictions in relation to the fun Restricted funds: |
Purposes and restrictions in relation to the fun Restricted funds: |
ds: |
|---|---|---|
| Get Berkshire Active | Weekly basketball sessions for young people with additional Needs. |
|
| Earley Charity | Weekly school basketball programme, community club, holiday camps and community engagement events at The Weller Community Centre in Amersham Road. |
|
| Greenham Trust | New community hub at Theale Green school | |
| Garfield Weston | New local hub in Woodley |
14