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2024-05-31-accounts

Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Rockets Sport and Educational Foundation

Financial Statements

For the Year to 31 May 2024 Registered Company Number: 08083976 Registered Charity Number 1148764

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Rockets Sport and Educational Foundation

COMPANY INFORMATION

DIRECTORS:

Anthony Jones Steven Turner Samantha Johnson Benjamin Fisher

REGISTERED OFFICE: Helgar 39 Finch Road Earley Reading Berks RG6 7JX REGISTERED NUMBER: 08083976

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Charity name: Rockets Sport and Educational Foundation

Charity registration number: 1148764

Trustees’ Report 1[st] June 2023 – 31[st] May 2024

Objectives and Activities

The purposes of the charity as set out in its governing document are to further such charitable purposes as the trustees see fit, including

The report below shows that the charity in the current year has provided activities for young people, education and development health and well-being volunteering, social inclusion.

All the trustees (Steven Turner, Anthony Jones, Samantha Johnson and Benjamin Fisher) have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and Performance

The charity is grateful for all those who make its work possible and looks forward to a bright future. The charity’s work in the current year has been aided by the receipt of grants from The Earley Charity and Get Berkshire Active.

– The Earley Charity Community Wheelchair Programme

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

The charity received funding from The Earley Charity to launch a wheelchair basketball programme based at Loddon Valley Leisure Centre to provide an opportunity for both wheelchair and able-bodied players to experience a really exciting sport locally.

This involved hosting competitive wheelchair basketball games for the community to watch, upskilling key individuals to gain their wheelchair coaching qualifications, paying for qualified coaches to work with the groups, hall hire for the games as well as kit and equipment to help ensure the programme can be run effectively.

To help engage with the community, as well as having an opportunity to watch and learn about the sport the programme also put on community "have a go" events which allowed people to come along and try a range of chair-based sports.

This was the first ever Reading based wheelchair basketball programme so was a really exciting new project for the charity to be involved in.

Get Berkshire Active – Together Fund + Resilience Fund

The Rockets Foundation received funding to run a programme to encourage sports clubs in Berkshire to work together as a consortium to ensure that sports delivery in the area can be delivered at a high level due to joined up planning, thinking and delivery.

The project was designed to work with children and young people with additional needs and also those who may be motivated by anti-social behaviour due to a lack of engaging activities.

By working together clubs could support each other with delivery, coach education, best practice, and organisational set-up. Sessions were run in conjunction with other sports to allow the young people involved to have an opportunity to a variety of sports rather than only one. Coaches supported each other and were able to learn from each other.

Rockets were involved in the planning and running of weekly sessions and multi-sport events for people with disabilities and local youth-age children to bring together local sports clubs and collaborate to provide an impactful sports programme in the area.

– The Earley Charity Weller Centre Programme

The Earley Charity funding was used to continue the charity's school programme in delivering afterschool basketball clubs. It also included delivering assemblies on disability sport for each of the schools where we spoke to the children using the theme “Be Brave” and having a “You can” mindset!

The programme also delivered the club’s Weller Centre basketball hub for 10–16-year-olds for players to gain weekly coaching from Rockets professional coaches and players.

As part of the Rockets Community League, the teams from the centre received t-shirts for them to compete in during the season.

The funding was also used to purchase new equipment and old equipment that isn’t at the standard to be used for the hubs was then donated to the local schools.

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

The other major part of the charity is the junior club which continues to go from strength to strength over the whole club's 27-year history. The "junior" section where players train and play at the performance and development level now sees 16 teams compete regionally and nationally with just over 225 athletes training at least twice a week and playing games at weekends.

The club continues to have age group representation at every age for both male and female participants, with premier level and conference level for boys at Under 14, 16, and 18 teams, and premier level for girls at Under 14, 16, and 18 teams. Both boys and girls also have full Under 10 and Under 12 programmes with all teams having structured competition between every 1-3 weeks.

The structural changes with a new head of youth basketball being appointed alongside a head of girls' basketball and head of boys' basketball has worked well and now the aim is to onboard a head of delivery for the programme as well. The introduction of a new junior club coaching committee also took place, and this saw 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. The committee will also be looking to appoint four new members to administration programme in relation to referee and table official appointments, club fixtures and venues, as well as adding to the 3 members of the safeguarding team which was enhanced this year.

Amongst the circa 300 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 30 players currently "training up" with different teams.

Currently, we are in year 2 of the new 3–5-year plan which was formulated by the coaching committee which will continue 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.

Financial Review

On the financial side, the trustees remain 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.

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Structure, Governance and Management

The charity is constituted as a Private Limited Company by guarantee without share capital of ‘Limited’ exemption. Company number 08083976.

Reference and Administration

Charity name Rockets Sport and Educational Foundation Other name the charity uses RSEF Registered charity number 1148764 Charity’s principal address 39 Finch Road, Earley, Reading, Berks. RG6 7JX

Names of the charity trustees who manage the charity

Steven Turner Chairman 18[th] October 2021 – Present Anthony Jones 7[th] April 2023 – Present Samantha Johnson 7[th] April 2023 – Present Benjamin Fisher 7[th] April 2023 – Present

Signed on behalf of the trustees:

Date:

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

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 2024, 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

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 FCMA

Address: Curious Lounge, 20 Tudor Rd, Reading RG1 1NH

Date: …….

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Section A Statement of Financial Activities

Statement of Financial Activities
Notes
Unrestricte
d Funds
£
Restricted
Funds
£
Incoming resources
(Note3)
Donations and legacies
4
38,404
22,942
Charitable activities
5
97,907
-
Total incoming resources
140,981
22,942
Expenditure on:
Charitable activities
6
130,513
22,753
Other
7
1,188
-
Total
131,701
22,753
Net gains on investments
-
-
Net (expenditure)/income
8
4,611
189
Transfers between funds
-
-
Net (expenditure)/income
Before other gains/(losses)
4,611
189
Other gains and losses
Net movement in funds
4,611
189
Reconciliation of funds:
Total funds brought
forward
4,044
1,200
Total funds carried
forward
8,655
1,389		 Total
2024
£
61,346
97,907
159,253
153,266
1,118
154,454
4,800
4,800
4,800
5,244
10,044		 Total
2023
£
48,518
90,527
139,044
151,840
1,152
152,992
-
(13,948)
-
(13,948)
(13,948)
18,922
5,244

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

related

Section B

Balance Sheet

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
Total current assets
Creditors:
Amount falling due within
one year (note 11)
Provision for liabilities and
charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds
(note 12)
Endowment funds (note
12)
Total funds		 Restricted
funds
Unrestricted
Funds
£
Total this
Year
£
Total last Year
£
F03
F04
F05
-
8,588
8,588
16,250
-
-
-
-
-
-
8,588
8,588
16,250
-
-
-
-
-
-
-
-
-
-
-
-
1,389
9,282
10,670
2,472
1,389
9,282
10,670
2,472
5,857
5,857
5,821
5,857
3,258
7,927
1,389
8,690
10,043
4,974
-
8,655
8,655
3,774
-
1,389
1,200
-
-
1,389
8,655
10,044
4,974

Declaration by Directors:

  1. For the year ended 31 May 2024 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.

  4. 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.

  5. 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 2024

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:

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

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’ 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 2024

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

Grants payable without performance conditions Support costs

Include costs of the preparation and examination of statuary accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. 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 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 Investments

Stock and work in progress

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 quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimates of market value. These are valued at the lower of cost or market value.

Note 3

Grants received

Donations received Sponsorship Monies Fundraising Basketball Club Fees

Analysis of incoming resources

Analysis This year
£
Last year
£		 This year
£
Last year
£
Grants received to provide
services to the community		 17,139 23,344
44,207 25,174
1,480 335
-
Income received by the
basketball club		 96,427 90,192
Total 159,253 139,044

Note 4

Analysis of resources expended

Costs of providing services
Other expenditure		 Analysis This year
£
Last year
£		 This year
£
Last year
£
Costs of providing basketball
training in the community		 113,917 109,068
Associated costs for providing
basketball training in the
community		 - 976
Costs of running the basketball
club for the community		 32,848 41,797
Volunteer costs -
Motor and travel costs 6,501
Governance costs 1,118 1,152
Total 154,454 152,002

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Section C

Notes to the accounts (cont.)

Note 5 Details of certain items of expenditure

5.1. Trustee expenses

.1. Trustee expenses
Number of trustees who
were paid expenses
Nature of expenses
Total amount paid		 This year Last year
0 0
Not applicable Not applicable
None None

5.2. Fees for examination or audit of the accounts

Independent examiners or
auditors’ fees for reporting
on the accounts
Other fees (Accountancy
Services)		 This year Last year
£400 £ 400
£590 £580

Note these are the charges excluding VAT – total invoice value £990+VAT, £1,188

Note 6 Paid employees

6.1. Staff Cost

.1. Staff Cost
Gross wages, salaries and
benefits in kind
Employer’s NI
Pension costs
Total staff costs		 This year Last year
None None
None None
None None
None None

6.2. Average number of full-time equivalent employees in the year

6.2. Average number of full-time equivalent
employees in the year
Total		 This year

None		 Last year
None

6.3 Defined contribution pension scheme: None

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

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 2023
Additions
Disposals
At 31st May 2024
Depreciation
At 1st June 2023
Disposals
Charge for the year
At 31st May 2024
Net book value
At 31st May 2024
At 1stJune 2023		 Equipment
Total
2023
£
£
£
24,552
24,552
-
24,552
-
-
-
24,552
24,552
24,552
8,032
8,032
-
-
8,032
8,032
8,032
16,064
16,064
16,520
8,488
8,488
16,520
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

Loddon Valley equipment
Accruals
Loddon Valley more than one year		 2024
£		 2023
£
4,669 4,669
1,188 1,152
3,258 7,927

Note 12 Endowment and restricted income funds

The charity does not have any endowment income funds.

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Section C

Notes to the accounts ((cont.)

Restricted Funds

Opening Balance Income Expenditure Closing Balance
£ £
Earley Charity 1,200 14,100 14,911 389
Earley Charity – - 7,918 6,918 1,000
Wheelchair Basketball
Get Berkshire Active - 924 924 -
Total 1,200 22,942 22,753 1,389

Note 13 Transactions with 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
or related party		 Relationship to
charity		 Description of the
transaction(S)		 This year
£		 Last year
£
Reading Rockets
Coaching Services		 Run by trustee or
close family member
of trustee		 To provide
basketball training in
the community		 1,668.50 17,434.18
Just Hoops Run by trustee or
close family member
of trustee		 To purchase
equipment for
basketball training		 13,945.67 10,844.80
Well Fit Run by trustee or
close family member
of trustee		 Community
basketball training
support project
management		 3,992,39 5,556.76
Reading Rockets
Limited		 Run by trustee or
close family member
of trustee		 To provide
administrative and
mentoring services
to the basketball
coaches for the
charity and provide
basketball training.		 50,785.75 30,088.24
Ben Fisher Trustee To provide
basketball training in
the community		 5,670.52 4,418.45
Jack Johnson
Close family member
of trustee
To officiate at games
on the table
456
-
Samantha Johnson
Trustee
Reimbursement of
expenses incurred on
behalf of the charity
1,086.50
-

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Section C

Notes to the accounts

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 £5711.71 £2073.55
Valley and other
costs incurred by the
charity and cash
donations.
Ben Fisher Trustee Donation 2,660
Steven Turner Trustee Donation 10.400
Reading Rockets Run by trustee or Sponsorship 500
Coaching Services close family member
of trustee

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

Note 14 Additional Disclosures

There are no additional disclosures which are deemed to be required by the Trustees.

Note 15 Movement in funds

Restricted
Funds:
Restricted
Income funds:
Get Berkshire
Active
Earley Charity
Earley Charity
(Wheelchair
Basketball)
Total
Unrestricted
funds:
General funds
Total Funds		 At June
2023
-
1,200
-
1,200
3,774
4,974		 Incoming
resources
(Including
other
gains/losses)
£
924
14,100
7,918
22,942
136,312
159,253		 Resources
Expended
£
924
14,911
6,918
22,753
131,701
154,454		 At May 2024
£
-
389
1,000
1,389
8,655
10,044

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Accounts of Rockets Sport and Educational Foundation – Year ending 31[st] May 2024

Previous year

Restricted
Funds:
Restricted
Income funds:
Get Berkshire
Active
Earley Charity
Greenham
Trust
Garfield
Weston
Total
Unrestricted
funds:
General funds
Total Funds		 At June
2022
-
987
1,356
1,890
4,163
14,759
18,922		 Incoming
resources
(Including
other
gains/losses)
£
2,744
20,600
23,344
102,838
126,182		 Resources
Expended
£
2,744
20,387
1,356
1,890
26,307
113,823
140,130		 At May 2023
£
-
1,200
-
-
1,200
3,774
4,974

Purposes and restrictions in relation to the funds:

Restricted funds:

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.
Earley Charity Support for the Wheelchair Basketball Programme

16