**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** 1 **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** 2 **----- Start of picture text -----**
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. 4 ## **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 5 **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 6 ## **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| 7 **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:** 1. 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. 2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 3. 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. 4. 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 8 ## **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.| 9 **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**| 10 ## **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**|| 11 **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. 12 |**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