OpenCharities

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

2023-08-31-accounts

Page
1to10 Report ofthe trustees
Independent
examiner's		 report
12 Statement offinancial activities
13 Balance sheet
14to 22 Notes to the financial statements

2023 2022
Net (expenditure) / income (52,368) 102,226
Unrestricted
revenue
funds
charity		 available for the general PurPoses of the 584744 627
Designated
revenue		 funds 75,000
Restricted income funds —grants 56,823
Totalfunds 641,567 702466
Total Foundation funds 641,567 702466

2023 2022
Net income 12,610 20,401
Restricted funds 104,965 92,355
Total restricted funds 104,965 92,355
Total linked charity funds 104,965 92/55

Note Restricted Restricted
Unrestricted funds funds 2023 2022
funds (greats) (linked cbacity) Total Total
Income from:
Donations,
grants and legacies		 172,592 56,823 80,424 309,839 188,432
Other trading activities 102,520 102,520 86,900
Investments 6,504 6,504 365
Total income 281,616 56,823 80,424 418,863 275,697
Expenditure
on:
Raising funds 71,269 860 72,129 57,633
Charitable
activities		 319,538 66,954 386,492 93,312
Total expenditure 8 390,807 67,814 458,621 150,945
Net (expenditure) / income (109,191) 56,823 12,610 (39,758) 124,752
Net losses on investments (8,331) (8,331) (2,125)
Net (expenditure) / income before transfers (117,522) 56,823 12,610 (48,089) 122,627
Transfers
between		 funds 14
(117,522) 56,823 12,610 (48,089) 122,627
Net movement
in funds in year
Iteconcilinrion offunds
Total funds brought forward 702,266 702,266 600,040
Total funds brought forward - linked 16 92,355 92,355 71,954
charity
Total funds carried forward 584,744 56,823 104,965 746,532 794,621

Note 2023 2022
Fixed assets
Investments 342,017 347,971
Current
assets
Debtors 10 4,339 182
Cash at bank and in hand 303,744 365,407
Cash at bank and in hand - linked charity 104,965 92,355
413,048 457,944
Creditors: amounts falling due within
one year (8,533) (11,294)
Net current assets 404,515 446,650
Net assets 746,532 794,621
Funds ofthe charity
Unrestricted income funds 13 584,744 702,266
Restricted income funds - grants 16 56,823
Restricted income funds - linked charity 16 104,965 92,355
Total charity funds 12 746,532 794,621

Net (expenditure)
income		 Net (expenditure)
income		 2023 2022
Total Total
Net (expenditure)
income		 for the year is stated after charging:
Independent
examination		 and accountancy services:
Independent
examination		 1,620 1,380
Accountancy
services		 3,300 2,820
Pension costs 1,321 913
Restricted
Donations, grants and legacies Unrestricted Restricted funds 2023 2022
funds funds (iinked cbnrttr) Total Total
a)Foundation
Donations fiom individuals 71,366 71,366 63,777
Donations
from corporations		 and trusts 39,131 39,131 25,877
Gifi aid claimed 7,004 7,004 7,842
Donations
in kind		 12,431 12,431
The Dalgleish
Trust		 7,500 7,500
Generations
Foundation		 6,760 6,760
LTA Tennis Foundation 31,381 31,381
Shanly Foundation 3,000 3,000
Hargreaves
Foundation		 12,000 12,000
The Wimbledon
Foundation		 2,942 2,942
The Victoria Foundation 2,500 2,500
The Story ofChristmas 25,000 25,000
(Charities Trust) YBSCharitable Foundation 900 900
Boost Charitable
Foundation		 4,500 4,500
The Hedley Foundation 3,000 3,000
172,592 56,823 229,415 97,496
b) Performance
Plus Sport		 UK - linked charity
Donations fiom individuals 6,310 6,310 33,665
Donations
from corporations		 and trusts 59,993 59,993 54,398
Gifi aid claimed 14 14 2,873
Donations
in kind		 4,107 4,107
The Hollick Family Foundation 10,000 10,000
80,424 80,424 90,936
172,592 56,823 80,424 309,839 188,432

FOR THE YEAR ENDED 3 1AUGUST 2 023
5. Other tradin g activities Restricted
Unrestricted funds 2023 2022
funds (linked cbarity) Total Total
Fundraising events 102,520 102,520 86,900
6. Income from investments Restricted
Unrestricted funds 2023 2022
funds (linked cbarity) Total Total
Interest on cash deposits 3,181 3,181 269
Dividends
and interest trom		 investments 3,323 3,323 96
6,504 6,504 365
7. Expenditure on charitable activities - grant funding ofactivities Restricted
tlnrestricted funds 2023 2022
funds (linked cbarity) Total Total
Grants made to individuals 5,290
Grants made to organisations (Notes 7a) 150,671 150,671 5,750
Partner Programmes
grants		 returned (31,756)
Bespoke Programmes
grant		 returned (1,250)
Reallocated (1om support costs 3,569 3,569 17,113
154,240 154,240 (4,853)
2023 2022
Breakdown ofgrants made to organisations Total Total
Aid Pioneers - Syria Emergency Response 18,000
Chadsgrove School 10,568
Chailey Heritage Foundation 10,129
Frank Wise School 1,974
Meridian
High School		 25,000
Naomi House dt Jack's Place 10,000
Raynes Park High School 75,000 750
Reed's School Foundation 5,000
150,671 5,750

FO R THK YE R THK YE AR ENDED 3 1AUGU ST 20 23
8. Total expenditure Reiving Activities Grant Goverasace
funds undertaken fuadiug of costs 2023 2022
directly activities Total Total
a) Foundation
Direct costs
Grants made to individuals (note 7) 5,290
Grants made to organisations (nore 7) 150,671 150,671 5,750
Sport Programmes 64,476 64,476
Education
Programmes		 56,646 56,646
Partner Programmes grants returned (31,756)
Bespoke Programmes grant returned (1,250)
Partner Programmes 5,338
Special Needs Programmes 350
Accountancy
and independent
examiner's
fees		 4,920 4,920 4,200
Professional
fees		 4,478 4,478 12,333
Investment
management		 fees 946 946
Fundraising,
branding		 and marketing 10,287 10,287 9,300
Fundraising
events and		 costs 27,008 27,008 15,789
Allocated support costs
Staffcosts 22,303 22,303 2,788 8,364 55,758 41,291
Accountancy
fees		 3,396 3,396 425 1,273 8,490 8,026
Office costs 2,851 2,851 356 1,069 7,127 5,749
71,269 149,672 154,240 15,626 390,807 80,410
b) Performance
Plus		 Sport UK - linked charity
Direct costs
Partner Programmes 10,099
Bespoke Programmes 39,069
Sport Programmes 44,604 44,604
Education
Programmes		 21,617 21,617
Other charitable
activity		 and projects 822
Professional
fees		 15,570
Accountancy
fees		 1,440
Fundraising,
branding		 and marketing 341 705
Fundraising
costs		 519 1,625
Allocated support costs
Office costs 733 733 1,205
860 66,954 67,814 70,535
72, 129 216,626 154,240 15,626 458,621 150,945
Foundation
Activities undertaken directly and grant funding 303,912
Governance
costs		 15,626
319,538
Performance
Plus		 Sport UK - linked charity
Activities undertaken directly and grant funding - linked charity 66,954
Governance
costs -		 linked charity
66,954
Total expenditure on charitable
activities		 386,492

8. Total expenditure
(continued)
The aggregate
staff costs were:		 2023 2022
Wages and salaries 53,068 40,378
Social security costs 1,369
Pension costs 1,321 913
55,758 41,291
The Foundation
considers
its key management		 personnel
comprise the Chief Executive Officer.
The total employment
benefits ofthe key		 management personnel
were $54,389(2022:&11,291).
There are no employees
with emoluments		 above f60,000per annum.
The average number ofemployees during the year, analysed by function was as follows:
2023 2022
Management 1 1
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 2023 2022
Investments
at fair value comprised:
i)
Listed investments		 336,044 344,375
Cash available for reinvestment by investment
advisers		 5,973 3,596
342,017 347,971
Listed investments 2023 2022
At I September 2022 344,375
Additions
at cost		 346,500
Unrealised
losses on		 revaluation (8,331) (2,125)
At 31August 2023 336,044 344,375
Historical cost at 31 August 2023 346,168 346,500

11. Creditors: amounts falling due within one year falling due within one year 2023 2022
Trade creditors 631 2,142
Accruals and deferred
income		 6,819 7,906
Other taxation and social security 1,083 1,246
8,533 11,294
12. Analysis ofnet assets between funds Net Net Total Total
current current funds funds
Investments assets liabilities 2023 2022
Unrestricted income funds
Unrestricted revenue funds 342,017 251,260 (8,533) 584,744 627,266
Designated revenue funds 75,000
342,017 251,260 (8,533) 584,744 702,266
Restricted income funds - grants
Community Activity Programmes 34,381 34,381
Inclusive Activity Programmes 22,442 22,442
56,823 56,823
Restricted income funds - linked charity
Performance Plus Sport UK 104,965 104,965 92,355
342,017 413,048 (8,533) 746,532 794,621
Analysis ofnet assets between fands -previous period
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

Unrestricted income funds income funds Movement Movement
in resources:
Balance Investment Balance
2022 Income Expenditure losses Transfer 2023
Unrestricted revenue funds 627,266 281,616 (390,807) (8,331) 75,000 584,744
Designated revenue funds 75,000 (75,000)
702,266 281,616 (390,807) (8,331) 584,744
Unrestricted income funds - previous period Movement
Balance resources: Investment Balance
2021 Income Expenditure losses Transfer 2022
g
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 funds, as this grant was paid during th e year.
16.Restricted income funds Movement
Balance in resources: Balance
2022 Income Expenditure Transfer 2023
Restricted income funds - grants
Community Activity Programmes 34,381 34,381
Inclusive Activity Programmes 22,442 22,442
56,823 56,823
Restricted income funds - linked charity
Performance Plus Sport UK 92,355 80,424 (67,814) 104,965
Movement
Balance in resources: Balance
Restrictedincome funds -previous period 2021 Income Expenditure Transfer 2022
Performance Plus Sport UK - linked charity 71,954 90,936 (70,535) 92,355