OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Page
1to 10 Report ofthe trustees
Independent
examiner's		 report
12 Statement offinancial activities
(Including
income and		 expenditure account)
13 Balance sheet
14to 22 Notes to the financial statements

2022 2021
Net income 102,226 59,307
Unrestricted
charity		 revenue
funds		 available for the general purposes of the 627266 396,178
Designated revenue funds 75,000 203,862
Total unrestri ctedfunds 702,266 600,040
Total Foundation funds 702,266 600,040
2022
Net income 20,401
Restricted funds 92,355
Total restricted funds 92,355
Total linked charity funds 92,355

Period from
Note Restricted Year ended I Jan 2021 to
iinrestricted fuads 31Aug 2022 31Aug 2021
feeds (linked charity) Total Total
Income from:
Donations,
grants
and legacies		 97,496 90,936 188,432 192,690
Other trading activities 86,900 86,900
Investments 365 365 232
Total income 184,761 90,936 275,697 192,922
Expenditure on:
Raising funds 55,303 2,330 57,633 31,433
Charitable
activities		 25,107 68,205 93,312 102,182
Total expenditure 80,410 70,535 150,945 133,615
Net income 104,351 20,401 124,752 59,307
Net losses on investments (2,125) (2,125)
Net income before transfers 102,226 20,401 122,627 59,307
Transfers
between		 funds 14
102,226 20,401 122,627 59,307
Net movement in funds in year
Reconciffafion offunds
Total funds brought forward 600,040 600,040 540,733
Total funds brought forward - linked charity 16 71,954 71,954
Total funds carried forward 702,266 92,355 794,621 600,040

Note 2022 2021
Fixed assets
Investments 347,971
Current assets
Debtors 10 182 5,942
Cash at bank and in hand 365,407 735,975
Cash at bank and in hand - linked charity 92.355
457,944 741,917
Creditors: amounts falling due within
one year (11,294) (141,877)
Net current assets 446,650 600,040
Net assets 794,621 600,040
Funds ofthe charity
Unrestricted income funds 13 702,266 600,040
Restricted
income funds - linked charity		 16 92,355
Total charity funds 12 794,621 600,040

Net income Period from
Year ended I Jsn 2021 to
31Aug Z02Z 31Aug 2021
Total Total
Net income for the year is stated ager charging:
Independent examination and accountancy services:
Independent examination 1,380 1,440
Accountancy services 2,820 1,680
Pension costs 913 178
Donations, grants and legacies Period from
Restricted Year ended I Jsn 2021 to
Iinresiricied funds 31Aug Z02Z 31Aug 2021
funds (iinked cbsriiy) Total Total
a) Foundation
Donations from individuals 63,777 63,777 150,839
Donations from corporations and trusts 25,877 25,877 26,059
Revenue grants and donations from non public bodies 5,000
Git) aid claimed 7,842 7,842 10,792
97,496 97,496 192,690
b) Performance Plus Sport UK - linked charity
Donations from individuals 33,665 33,665
Donations from corporations and trusts 54.398 54,398
Git) aid claimed 2,873 2,873
90.936 90,936
97,496 90,936 188,432 192,690
Other trading activities Period from
Restricted Year ended IJsn 2021 to
iinreiiricied rue de 31Aug Z02Z 31Aug 2021
funds (iinked cbsriiy) Total Total
Fundraising events 86,900 86,900

Income from investments Income from investments Period from
Restricted Year ended 1Jsn 2021 to
tlnrcstrictcd 1 usda 31Aug Z02Z 31Aug 2021
funds ()Joked cbsricy) Total Total
Interest on cash deposits 269 269 232
Interest on investments 96 96
365 365 232
Expenditure on charitable sctivites - grant funding ofactivities Period from
Restricted Year ended 1Jan 2021 to
tlnrcstrictcd 1 usda 31Aug Z02Z 31Aug 2021
funds (iiskcd cbsrity) Total Total
g g
Grants made to individuals 5,290 5,290 1,680
Grants made to organisations ()votes 7a and 7b) 5,750 5,750 71,200
Costs relating to the award ofgrants 1,800
Partner Programmes
grants		 returned (31,756) (31,756)
Bespoke Programmes
grant		 returned (1,250) (1,250)
Reallocated from support costs 17,113 17,113 9,654
(4,853) (4,853) 84,334
Breakdown ofgrants made to orgsnis stions Period from
Year ended 1Jan 2021 to
31Aug 202Z 31Aug 2021
Total Total
Chadsgrove
School		 10,000
Challey Heritage Foundation 10,000
GLF Schools 21,200
Lichfield Cathedral School 5,000
Naomi House &Jack's Place 10,000
Raynes Park High School 750
Reed's School Foundation 5.000 15,000
5,750 71,200
Grants made analysed by charitable activity Period from
Year ended 1Jan 2021 to
31Aug 2022 31Aug 2021
Total Total
Partner Programmes (formerly Outreach &Enrichment Programmes) 750 26,200
Special Needs Programmes 30,000
Bespoke Programmes (formerly Scholarship Programme) 5,000 15,000
5,750 71,200

Total expenditure Period from
Raising Activities Grant Gavcraancc Year ended I Jan 2021 to
funda undertaken fuadiag of carta 31Aug Z02Z 31Aug 2021
directly activities Total Total
a) Foundation
Direct costs
Grants made to individuals (noie 7) 5,290 5.290 1,680
Grants made to organisations (nore 7) 5,750 5,750 71,200
Costs relating to the award ofgrants 1,800
Partner Programmes grants returned (31,756) (31,756)
Bespoke Programmes grant returned (1,250) (1,250)
Partner Programmes 5,338 5,338
Special Needs Programmes 350 350
Legal and professional fees 12,239 94 12,333 12,243
Accountancy
and independent
examiner's
fees		 4,200 4,200 3,120
Fundraising,
branding		 and marketing 9,300 9,300 14,450
Fundraising
events and costs		 15,789 15,789 455
Allocated support costs
Staff costs 12,387 6,194 16,516 6,194 41,291 21,095
Accountancy
fees		 4,013 4,013 8,026 3,754
Office costs 1,575 3.302 597 275 5,749 3,818
55,303 19,197 (4,759) 10,669 80,410 133,615
b) Performance
Plus		 Sport UK - linked charity
Direct costs
Partner Programmes 10,099 10,099
Bespoke Programmes 39,069 39,069
Other charitable
activity and projects		 822 822
Professional
fees		 15,570 15,570
Accountancy
fees		 1,440 1,440
Fundraising,
branding		 and marketing 705 705
Fundraising
costs		 1,625 1,625
Allocated support costs
Office costs 1,205 1,205
2,330 66,765 1,440 70,535
57,633 85,962 (4,759) 12,109 150,945
Foundation
Activities
undertaken		 directly and grant funding 14,438
Governance
costs		 10,669
25, 107
Performance
Plus		 Sport UK - linked charity
Activities
undertaken		 directly and grant funding - linked charity 66,765
Governance
costs -		 linked charity 1,440
68,205
Total expenditure on charitable activities 93,312

8, Total expenditure
(coitrinuedj
The aggregate staff costs were: 2022 2021
Wages and salaries 40,378 23,850
Social security costs (2,933)
Pension costs 913 178
41,291 21,095
The Foundation
considers its key management		 personnel
comprise the Chief Executive Ofticer.
The total employment
benefits ofthe key		 management personnel
were 640,378(2021:f23,850).
There are no employees
with emoluments		 above f60,000 per annum.
The average number ofemployees during the year, analysed by function was as follows:
2022 2021
Management I I
Trustees'
remuneration
and related party		 transactions
The Trustees did not receive any emoluments during the year and were not paid or reimbursed for any expenses.
9. Investments 2022 2021
Investments
at fair value comprised:
i)
Listed investments		 344,375
Cash available
for reinvestment		 by investment advisers 3,596
347,971
Listed investments 2022 2021
f
At I September 2021
Additions
at cost		 346,500
Unrealised
losses on revaluation		 (2,125)
At 3I August 2022 344,375
Historical cost at 31August 2022 346,500
10. Debtors 2022 2021
Prepayments and accrued income 182 4,917
Other debtors 1,025
182 5,942

11. Creditors:
amounts		 falling due within one year 2022 2021
0
Accruals for grants payable 128,283
Trade creditors 2,142 448
Accruals and deferred income 7,906 13,007
Other taxation and social security 1,246
Other creditors 139
11,294 141,877
In 2021,accruals and deferred income included f9,000 relating to an event postponed due to COVID-19. There
was no deferred income for 2022.
12. Analysis ofnet assets between funds Net Net Total Total
current current funds funds
Investments assets liabilities 2022 2021
Unrestricted
income funds
Unrestricted
revenue		 funds 347,971 290,589 (11,294) 627,266 396,178
Designated
revenue		 funds 75,000 75,000 203,862
347,971 365,589 (11,294) 702,266 600,040
Restricted income funds
Performance
Plus Sport UK - linked charity		 92 355 92.355
347,971 457.944 (11,294) 794,621 600,040
Analysis ofnet assets between funds - previ ous period
Net Net Total Total
current current funds funds
Investments assets liabilities 2021 2020
Unrestricted
income funds
Unrestricted
revenue		 funds 538,055 (141,877) 396,178 445,733
Designated
revenue		 funds 203,862 203,862 95,000
741,917 (141,877) 600,040 540,733

Unrestricted iacome funds iacome funds Movemeat Movemeat
Balance in resources: Balance
Investment
2021 Income Expenditure losses Transfer 2022
8 0 0
Unrestricted revenue funds 396,178 184,761 (80,410) (2,125) 128,862 627,266
Designated revenue funds 203,862 (128,862) 75,000
600,040 184,761 (80,410) (2,125) 702,266
Unrestricted income funds -previous period
Movement
Balance in resources: Balance
2020 Iacome Expenditure Traasfer 2021
Unrestricted revenue funds 445,733 192,922 (133,615) (108,862) 396,178
Designated revenue funds 95,000 108,862 203,862
540,733 192,922 (133,615) 600,040