**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**
1
**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**
2
**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
- A) Advancing the mental and physical health and well-being of young people in particular but not exclusively, by providing and assisting in providing facilities for sport and physical activity, recreation art and culture or other leisure time occupation
- B) Advancing education (including education, training and development in the area of leadership)
- C) Promoting volunteering (where to do so furthers a charitable purpose or purposes)
- D) Promoting the social inclusion of those excluded from society who are in need
- E) Promoting equality and diversity for the public benefit without distinction of gender, sexual orientation, race, age, disability, nationality or of religious or other opinions
- F) The promotion of any other charitable purpose for the benefit of the public (Charitable under English Law)
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**
3
**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.
4
**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:**
6
**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: …….
7
## **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|
8
**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.
- 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
9
**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:
- 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**
## **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.|
10
**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**|
11
**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**
12
**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.
13
**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
-|||||
14
**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|
15
**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