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|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|||
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|||||||||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|
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|||||||||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|
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||||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|
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|---|---|---|---|---|---|---|---|---|---|
|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||
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|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|
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|---|---|---|---|---|---|---|---|---|
|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|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|||||
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|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|
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|---|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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