COMPANY REGISTRATION NUMBER." 09734525 CHARITY REGISTRATION NUMBER: 1166448 Vikings Sports Foundation Ltd Company Limited by Guarantee Unaudited Financial Statements 30 November 2023 MATTOCKS GRINDLEY Chartered accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Vikings Sports Foundation Ltd Company Limlted by Guarantee Financial Statements Year ended 30 November 2023 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The followlng pages do not forni part of the financlal statements Detsiled ststement of financial activtties 17 Notes to the detailed statement of financial activities 18
Vikings Sports Foundatlon Ltd Company Llmlted by Guarantse Trustees. Annual Report (Incorporatlng the Dlrectofs Report) Year ended 30 November 2023 The tnjstses, are also the directors for the purwses of ¢trnpany law, present their report and the Lauthe financial slalements of the tharity for lh8 year end8d 30 Novembèr 2023. Rrferen and admlnlstratlve detsll8 Ileglsternd charfty nam8 Vikings Swrts Foundatson Ltd Charfty reglstrntlon number 1166448 Company reglstratlon number 09734525 Prfnclpal oflke and reglstered DCBL Stadium office Lowertv)use Lane dnes Cheshire WA8 70Z The twstoes Mr P J Morfis Mr R Harrisc MrSPCash Mr P Finnèy (Appointed 21 Nov&mber2023} (Retired 16 J8nuary 20231 Indvjpendont examlner Giles Mattocks FCA 18 Mulberry Avenue Tumslone 8usiness Parf( dnes Chestqre WA80 Structurej g0manCe and management ganlsational Structure The Vikings Sports Found81icn has twotruslees who me81 regulady and are responsible forth8 strategic direction 8nd policy of the charity. The tNslees represent different sectors and bring to charity wealth of knowledge that supwrt the charity lo meet its cèjeclivos, The charity is run on a daily basis by Cheryl MeGivem, Head of Community, who leads on all key strategic and devglopment issues with a dose involvement artd SUPP¢Jrt of the trustees. Rlsk Management Risk m8n8gement issues are discussed al the regular tNslee meets'ngs. From a finanaal perspective, key risks to the charity's ongoing sust&nability have been identrfied and new stratsgies are in p18ce to support their longer term renewal and identification of funding Opportl11I85.
Vlklngs Sports Foundation Ltd Company Limited by Guarantso Trustees, Annual Report (Incorporatlng the Dlrectorf8 Report) (condnu Year ended 30 November 2023 Objectlvets and actlvltles Our Ml88lon To use th8 powor, ins'ration and our 8stst4ished valuas to make a difference through.. - Delivertr¥J innovative dglivery programmes for Feople of 011 aggs. - Developing key partnerships that about suceess based on the need of l(Kal peoF4e. - Providing now opportunities thrtyjgh sport for hard to eng&Je gfOUPS. Our Goal To engage, educate and insp're the local community to bring about pKJsllive change and new OPF)Ortunities 811 Ihrougtt sport. Our Valu RESPECT, INCLUSION. EXCELLENCE, ACHIEVEMENT, INNOVATION Alm8: At the heart of tho work of the charty is an under5tsnding of the wl81 role that sport and in particular rugby kgaguè can play in engaging, educating and inspiring people of 811 ages. The charity is eommitted lo deliveritYJ exating projects that leave a lasting legaty for all people who participate. The charity continues to focus ils dolivery within the foll¢)Ning araas.. Sthool Sport, He811h, Social Inclusion and Education. E8ch pillar is refiKted in the brand and inspiration of our partners, th8 Wdnes Vikiros and its players. to engage particApants aGross all age group8 and mako a real dIfferee in our community.
Viklngs Sports Foundation Ltd Company Llmtted by Guarantee Trustees. Annual Report (Incorporating the Dlrectofs Report) (con#nued) Year ended 30 November 2023 Achlevements and p•rformance Vikings Sports Fndation faced n7any challenges throughout 20¥8, many carrial over from those luded lo in the report forthe ygar ended November2022. A Sports Foundation is always reliant on the Goveming Body of the Sport and during the year ending November 2023 there appeared to be less direct finanaal support from the RFL. Thorefore, there w8s an increasing challenge for the staff to bg more proactive and cre8b.ve in acce$sir¥J the limited funds from thè Goveming Body and be moro resourceful in in approaching other funding agencies in addition lo being more involved in networking. Despite these challenges the staff and trnstee board displayed great resilience throughout thè pèriod. All ConCerr1 with the Found8b"on can be rightly proud of the successes that they recorded 88 the found8tion focused more closely on community engagement and attending to the needs of vulner8ble a(lults and young pecpla in the local community. As we reported last year, we had seen the end of our ac&Jemic contract with Riverstde College and therefore the Education Pillar of our Fourtdation remained in hibemation throughout the year, (( will be an èssential focus and are8 fu davelopment going forward. A consUencè of this was that the small Foundation team redoubled theirefforts to match our initsatives more closely to the pn'oritieg of the L¢xal Authority. The bgrough of Hafton is distinguished by ils high depriv8tion iTraices, wrth particular wards having a demographic of acute vulnerabilty in a variety of areas. In effect, during 2023, the Found81ron rètumed lo Its roots and looked to bg proactive in these 8reas rathgr than providing projects that were in tho gift of the goveming bJdy. This approach has slrenglhened our Influen in thg aroa of Mental Health. Our foundati has becomé a Notional Leader with respect to Mèn's Menlal Health with our -Extra Time" initiative emerging from the original RFL's"0ffl08d" progr8mme-. this in cDopgralion with the State of Mind organisalion which is a brand leader in Men's Mental Health. This initiative has dovetailed smoothly with other projects that revolve arInd mentsl Heth. such as 'The Gdd6n Generation" Touch and Walkiro Rugby sessions and our 'Walk and Talk" sessSon8 on beha of Mers8yC8re. During 2023 we have Contin our work in the area of inclusion. Thg foundation hosted the Leaming Oisability Rugby Leagu8 squad, prowding training and playing opportunities for disabled persors$ of all es and gender. As with the preceding reporting p8ri(yJ. our disabled irKtividuals wets woud lo wear their Widnes colours and exp8nence haLf and fijll day festivals aroLtnd the North INest of England. Because of the "badge" of the FndatiOn they were #ble to access the facilities of their parent pyofessional club and play on professional pitches in stand-alone fests'vals and both pr&malch and at half time. This initiative once again also promded the OPV•rtunity for volunlegrs to become involved 8t I levels. An example of this is one of the Leaming Disability players, Dylan Buntiro. Dylan pr¢)Jrgssed from FAayin9 to receivin9 an education bursary from the Matt King Foundation so that he could Work as a provider coach with the Foundation. As trustees we were delighted that Dylan was initially invitsd lo Warnblèy by thg RFL to be presenl8d with a speoal award and then lo Partiament as a guest ol Mr. Speaker as Part of Disaknlity History Month. This story perhaps eF4'tomises the proud work that the Foundation engages in regarding inclusiwty in the communty. Mental hgallh and vulnerability wore also on8 of the m8in drivers to ènsuring that even wrth limited staff and resources, w8 continued our engagement wf(h Primary SchooSs and Sewdary Schools across Hallon. In addition to the Spino of njgby t¢xus8d aclivitres our team of deliverors also expanded into mulli-sports provision thus engaging more re8dily with an even greater audience. Offering currilurn PE Lessons, breaklastllunchlafter school clubs. we have also been able lo build on the previou5 yoarfs work in terms improved our visibility with SEN schools offerin9 Sports lessons lo pupils some of whom would not have been able to so readily acces$ skills- orlent8ted se8810. During the reporting period of 2023 we ccfitinutd. workiro alongside the parent club, Wdn88 Vikings RL Club, to 8ttpt to offset the pressures of the-cosl of living" crisis ty giving every sclY)ol Hatton afre8 Family Season Ticket, that the school could direet in thè way best suited lotheir school population. In addition, the parent club worked with our foundation lo encour8gè Sponsors and Irl¥lal$ to gift of further family tickets lo particulw schools. In addition to helping in a small way
Vikings Sports Foundation Ltd Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Reportl fconunu Year ended 30 November 2023 address some p)verty is$L, these initiatives hav8 gIn the opp)rtunity for more youtYJ pecple to watch live sport, engage all ages with fugby 8nd other sports. By linking Ihg Vikings brand lo our foundatic related activities, we have been able lo link schools and thildren lo othw community projects enabling us to create rugby p8thw8y5 forchildr8n in Hallon. This'linking the brand" has again been very important during this repming y88r. The initiatives aljove - along with our more discrete and focused projects- has increased the eNJagemenl and involvomonl in our holiday cnps seh¢d festivals, ith sL2nd4lone festivals and those pre-matth. The festivals Ihemselves are noted for their ron- Ihrgalening nature, their inclusiveness and their enitiyment. The c8n be said 8bout the holiday camps 81though it is with some sadness that then trusleos have lo report that the Local Authoftty imposed &Jdilional criteria on the eligibilty for partlClP81ion. placing extra constr8int$ on participating numbers Ihus reducing grant aid and therefore affecting the frequency of thg camp5. A pity. $inc8 as alw8y$, the festivals and camps displayed such enjoyment. thS18$M and team work from all pup¢'ls trxrt 81so servod thg purpose of ensuring that all partiapanls received a substantial. h8althy meal whilst on the camps. This is a vital p8rt of any a¢liwly during the school holidays when some children access their main m881s in school as part of their Fw School Meals and Pupil Premium ents"Vemenl. Wot1(ing with the foundation at Ihaselovels encourages schth)Is to work alongside the foundation and as trustees we arg detemiined lo find the resources lo conllnue with such prg'eds in the next roporting year as the cost -of- living situation conbnu8s. In addition lo the links with sch¢x)Is wo report that duriry this year there has been increasing dialogug and engagement wrth our local comrnunty dubs and we are al the beginning of discussions lo enable the Foundation lo embrace the growth of Earty Ygars thildrgn in muii(-sp)rt activitie$. Refarring back lo inclusion, during tha latter h8Wof thi5 reporbng peric¥l, discussions 8nd dialogue have taken ace lo further enhance the gsleem and perfom)ancè of our W)m8n's Rugby League team and briroing under our p8lron8ge a elaIr Rugby League operation. The trustees are certain that in the next yearfs report we will be able to proclaim the success of these ventures. Th6 Women's 18am concept hdps Ihe found81ion to promote equity amongst ladies and girfs and assimilates perfectly with the WLYk that the foundation has been engaged in both in schools and the Ioc81 community clubs. edchair Rugby League is the rsonifi¢aI10n gf indusivty- able bodied, physically ehall8ng8d, mala, female, all ages working together. In orc18r to 8rrtve a¢ a position when we can lake this fotward, there h8ve been many mffiths of dialogue throughout 2023. As a fomdation, we also attgmpt to provide palfrN¥ays for indiwduals and groups to tOme invdved with the prof8sslonal club. Pathways have already been mentioned through our $¢h¢>Jl and community dub init'alivgs but we have also begun engagement with the inclusion arm of tho RFL to provide a 'Young Lions" and Dgvelopmenl Ac8demy njgby pattrways lor young people 8nd young 8dults. The foundations have been set 2022-2023 so ht)pefully there will be progress lo report next year. None of the abovg could have been athieved without the small, tireless group of staff lttal the Foundalion is fortunae lo employ. Sean Mellor and Kellen Woods were the mainstays in delivory, overseen by the enthusiasbc and knowlodgeable Foundation Manager, Cheryl McGivem. Challeng8S were menbonod al the head of this rèport and the chdlenges continued throughout the reporting period. The Foundation Manager resignedfrom her post 8tthe end ofoctober having been SLttessful in g8ining promotion lo a position with a neighbouring Lo1 Aulhority. Her SLKcesslul applic81ion was in no small measure due lo the reputation that she had accrued wcfkirYJ with partners such as Holton Boroijgh COU11 Merseyside Cty Region, merseyr0, Ihe Rugby Footb811 League, Rugby League Cares. The Stsve Morgan Foundation, Everton in the Community, Riverside Cojlege, Clinical Integrated Carè, NHS, Slatè of Mind. These areth8 org8nisationsthatthe Foundation has worked mostclosdy with 202212023. This necessitated in in one of our sports deliverers, Kellen Wood stepping Into the rde of Acting Head of Foundation for period beginniro 1st November. The Trustees look the decision to formally reset the FouThYation and in Novgmbor commissioned an Isid8 indendent consultantto condLKI a dgep thve soaal and community audit lo inform the purposg 8nd the direction of travel of the Foundafjon going forward. This resel is a fomiidabl8 ch811enge but equ811y excllng. The trustees Iwk forward to reporting on progress in this regard in
Vikings Sports Foundation Ltd Company Llmited by Guarantse Trustees. Annual Report (Incorporating the Directorf8 Report) Year ended 30 November 2023 2023r2024. Wè will continue to work with al our Pner5 and Iixal org8niS8tions lo help develop our ideas, ptans and aitendance in all our programmes. Vikn'ngs Sports Fndation Staff and Trustee board have held regular meetings, addressing any issues or corKems which may h8ve risan throughout 2023 - we will 81ways ensure sure our aims and objectives are met, 8nd will wnsistenlly strive for success within our community. A strong w¢xking relats"onship is txw in place with t Wdnes Vikings Rugby League Club and followi the audrt we will all have 8 cle8r visjon of Fyogression needecl lo tske the sport and th8 coMmL11Y lo the next lèvel. Flnanclal review Reserves Pollcy )ilst the policy conts.nues to aim for 6 months in reserve lo cover costs in the event a damaging event wè can only say that we cUrrenY have appr0MatelY 3 months in reserve following a poor ye8r wf(h the loss of signthcanl sw)nsors. Core Fundlng Sources Rogrgttably the Ccfe funding S¢)urces diminished following the signific8nl reduction in RFL fijnding and the loss of funding trom thè COOP. Fortunately we were bLK>yed by continuing sUPPOrtfrom Merseycare and Lanxces. Investment Pollcy and Objectlves The charity remains committed lo buildlng fuThJ8 lo ensure a strong fvrture in offering acti1188 lo support our community. Plans forfuture period 11 ha5 recgnlly b8me clear Ihal the F¢Jundation needs lo reset IV8 o*'ectives and generate activities led by the cM)munity rather than receiving ¢Y1c.0n from assoaated l)odies. To that end the board will commission an independent audrt of the operations. activities outwm95 of th9 foundati with a commitsnent lo fully implement the findings during 2024. Th& FoLmdation will to SUPPDrt the Golden Generation, Extra Time Ioffloadl, LDRL, Touch Walking RLyby, Walk and Talk and dovelop the new Wheelch8ir Rugby alliance and Women's rugby. Small Company provlslons This report has been prepared in accordance wilh the provFSi¢)ns applicabl8 lo companSes entrfed lo th8 small companies exemption. The trustees, annual report wa$ apwoved on . truslges ty.. and signed on bghalf of thg board of MrPJ Trustee orris r R Harrison Trnsl80
Vikings Sports Foundation Ltd Company Limited by Guarantee Independent Examlnerfs Report to the Trustees of Vlklngs Sports Foundation Ltd Year ended 30 November 2023 I report to thg tTuslees on my èxamination of the financi81 statèm8nls of VikirvJs Spts Foundation Ltd {Ihe charity'l for the year and1 30 November 2023. Responslbllltlo9 and ba•ls of report As the trusl88s of Ihg company 18nd al$0 rts directors for the purposes of Company lawl you are responsible for the preparation of the fin8ncial statemonls in accordance with the requir¢mgnls of the Comp8nies Act 2CXJ6 Ilhe 2006 ACYI. Having satisfied myself Ihal the accounts ol the company or8 not required to be audited under Part 16 of the 20Ce Act and are ellgible for independgnl examination, I report in respect of my examination of the charity's accounts as carrij out under soction 145 of the Charities Act 2011 1'th8 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Ccfflmission under sectson 14515llbl of the 2011 Act Independt examln¢fs statement I have complel&l my examination. I confim that no matters have ccffie to my attention in ccfine¢lt'on with the 8xaminatson giving me cause lo believe.- accounting records were not kept in respect of th8 charity 88 requirèd by section 386 of the 2006 ACL. or the financial stalemgnls do mt accord with those records,. or the financial statements do nol comply wlth the accounting rwuirem8nts of section 3* of the 20C6 Act other than any requirement that the ac¢x)unts give a 'lNe and fairf view which is not a maller considered 8s part of an independent ex8minaticfi', or the finanual $latsments have not been prgpared in accordanca with the methods and prinaplès of the Slalement of R&ommended Practice for accounting and reporting by char"eS 8pplicable to charities preparing their accounts in accordance with th& Financial Reporting SL8ndard applicable in the UK and Rgpublic of Ireland IFRS 1021. I have no concems and h8v8 come across no other mallws in connection with th8 examination to 8ttention should bo drawn in this rèport in order lo enable 8 pyoper underslan(Sing of the accounts to be reached. Giles Mattocks FCA Independent Examiner 18 Mulberry Avenue Turnstone Business Park Wdnes Cheshir9 WA8 OWN
Vlkings Sports Foundation Ltd Company Llmlted by Guarantee Statement of Flnanc5al Actlvitles (Includlng Income and expendlture account) Year ended 30 November 2023 2023 2022 Ur¥estricl funds Total funds Totsl funds Income and endowments Donation$ 19gaCIoS Totsl In¢ome 84.999 84.999 118.359 84,999 84,999 118,359 Expendlture Expenditure on charitae acliwlies Total expendlture 2,388 92.388 117,113 92,388 92.388 117.113 Net lexpgndlturnncQm¢ and nèt movement In funds {7,389) 17,389 1,248 Reconcillatlon of funds Total funds brought forward Tolal funds can1ed foffward 63,834 52,588 46,445 46,445 53,834 The statement of financiol activities includes a51 gains and losse$ recognised in the year. All income and eyndilure derivè from Gonlinuing activities. Th• not•$ on 9 to 15 forrn part ol thM• fin&nci&l •tatements.
Vikings Sports Foundation Ltd Company Limited by Guarantee statement of Flnancial Position 30 November 2023 2023 2022 Flxed a8oet$ Tangible fixed asset$ 12 12,000 Cubyent •ssat$ Debtors Cash al bank and in h8nd 13 27.744 9,624 37.268 44,106 13,850 57,956 CredltorJ: amounts flllng due wlthln one year Net current a8$ets 14 1823 4.122 53,834 53,834 Total assets less rrent Ilabllftles 46.446 Net assets 53,834 Funds of the charlty Unrestricted funds 53,834 Total chartty lund• 53,834 For the y8ar ending 30 November 2023 the charity was er¢tiled lo exempllon trom audit under section 477 of the Companies Act 20Cfj rdating to small companies. Directors. responsibilities.. The memberg178ve not requir8d the company lo obt•n an audit of its financial stat8m8nts for tho year in question in accordara with section 476., Tha directors ackncmledoe their responsibilities lor complyiro with lh& rgquirgmenls of IheActwilh respect to accounlirrd records and th8 preparation of financi81 stalemenls. Th8se financial slalements have been prepared in accordance wlth th8 promsions appIlble to ¢ompanies subject to Small companies, regim¢. Th statements were approved by the b08rd crf trustees and 8ulhod8ed fcf issue on and are signed on b8half of the board by.. Mr arrison Trustee 90 Thè nots• on pag•9 9 to 1S fomi pArt of th9•• Ilnanclal lat•m•nts.
Vikings Sports Foundation Ltd Company Limlted by Guarantee Notes to the Flnancial Statements Year ended 30 November 2023 General Infomiatlon The charity 18 8 publie benefit entity and a priv8le company limit by guaonteg, registered in England and W81es and 8 registered chanty in England and W8les. The addrèss of the registered office is DC8L Stadium, Lowerhouse La, Wdnes, Ch8shir8. WA8 7DZ. I Statement of compllance These finana818tslements have been prepared in compliance with FRS 102. 'The Financial Reporting Sland8rd applicable in tho UK and the Republic of Ir6land', the Statement of Reeomrnende(I Practice apiC8b1e lo ch8ri1ies preparing their accounts in accordance wrth the Financid Reporting Standard applicable in the UK and Repu1¢ of Ireland {FRS 1021 ICts9nties SORP {FRS 102}l and the Companies Act 2006. Accountlng pollclei Bas1• ol preparatlon The financial statements have teen Pared on the historlcal cost basis, 83 mc#lified by the revaluation of certain finanaal 8ssets and liabililigs and investment properties measured at fair value through income or expenditure. The finanaal $tslernents are prepared In sterling. wfvch 1$ the functional clnCY of the entsty. Golng concern There are no material uncertainties about the charity's ability to contlnue. Judgements and Itey sources of gstlmadon uncertalnty The preparation of the finanaal stslements reqLires management lo make Judgements, eslimalès and assumptions th81 8fft the 8mounts r8POrted. These eslim8les and judgements are ecfitinually reviewed and a b8s8d on experi&nce and other factors, induding expectations of future events that are bglieved lo be reasonable und&r the Circumstan$. Fund accountlng Unroslncted funds are availabl8 for use * the discretion of the Irustses to fijrther any of the rity's purposes. Degignated funds unrestn.cted fijnds e8mi8rked by the tru$t8gs partiGulw fLrtwe project or ccmnmitmanl. Restrict&J funds are SLttrfj'ecled to restrictions on their exFendilure decI8d by the donororlhrough the terms of an appeal, and fall Into one of sutFcla$s8s'. restricted income funds orendowment fLmd3.
Vikings Sports Foundation Ltd Company Llmlt•d by Guarantee Notes to the Flnancial Ststernents (conthtJ Year ended 30 November 2023 Accountlng pollcles (¢pnth¢Kd) Incomlng rèBour¢es All incoming resources are induded in the stemenl of financial 8clileS when entiUemenl has pass&1 to the charty,. il is probable that the ecormie benefits associalgd with the transaction will flow to the charity and the amount can be rdiably measured. The folbwing sp8crfi¢ polioe$ are applied to Pa.alar categories of income". income from donations or grants18 recognlsed when there 13 evidence of entiuemenl to the giii receipt is probablg and its amtxjnl can be measured reliably. legacy irKome is recognised when r1p1 is prob8ble and entitlement is establish¢d. Irome from d)natèa goods Is m6asLred at th6 fair valu8 of the goods unlgss thi5 IS impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and SefViC8S are recognis&J in the accounts when received rf the value can be reliably measured. No amounts are induded for the contriL1.0n of g9rra1 volunteers. ineome from contracts for the Supp of services is recognised wrth the delivery of the contraeted servi. Thi$ is classffied as unr8stn"ct8d fl$ unless thère is a contractual requirement for il to be spent on a particular purpose and returned rf unspent. in which case 11 may be regarded as restricted. Resources expended ExFendtture is rgcognised on an accruals O881S 89 8 liability is incurred. Expenditure includes any VAT which cannot be fully recovered, ar¥J is classified under headings ofthe statement of financial actiwties lo which it re1818s'. expenditur8 on rasiTrJ funds indud8s the costs of all fdraIsIng 8Ctiviti8s, avents. non- ch8ri1abl8 trading activities, and the sale of donated goods. expenditure on chantable tiVitIeS includes all costs incurred by 8 charity in undertaking acliwlies that further ils charitable aims for the benefit of its bene15darles, Inc]udSng tse Support costs and costs rdating to the govam8nee of the chartty apportionad to charitable aGtivibes. otherexpgndrture includes all eynditure that is nèither relatod to raising fund5 for the tharily nor part of ils expenditure on charitsble activities. All costs are allocated to expenditure tegorieS r8flecting the use of the resource. Direct costs attribLrtable lo a single &tivity are allocated ¢th'rectly to that actiwty. Sharay costs are apportioned belween the actlvllies they contribute lo on a reasonable, jusbfiable and ccfisistent basis. Tanglbl• ass•ts T8wible assets are initially recorded al cost, and subsequently stsled al co8t18s8 any accumulated depreciation aTrJ impaiment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the date of r8valuation loss any subsgquenl accumulated depfeciation and subsequent 8ccumu181ed Impaimienl losses. 10
Vlklngs Sports Foundation Ltd Company Llmfted by Guarantse Notes to the Flnancial Ststements Itx)nfim Year ended 30 November 2023 Accountlng pollcles (txinun Tanglblo assets (c An increase in the carrying amount of an asset as a sUIt of a revaluation, is recognised In other rgnised gains and losses. unle$5 11 r8vgrs95 a charge for impaimienl that has preVI$1Y been recognised as expenditure within the statement of financial actyvilies. A d8cr9850 in the carrying amount of an asset as 8 result of rev81ualion, is recognisfjd in other recognisgd gains losses, except lo which it offsgls any previous revaluation g8in, in which cas6 the loss is shtrn wthin other recognised gains and105sos on the slalemenl of financlal actiwties. DepreciatloTr D8precialicn is calcul818d so as to write off the cost or valuation of an asset, less its res¢dual valu8, over the useful econornic lrfe of that asset as follows.. Equiprnant 20% slraighl line Impalmient of fixed assets A rewew for irdicators of impairmgnt is Carried out al each r8POrting dale, with the recoverable 8mounl being eslimaled where such indicators exist. re the carryirrfJ value exceeds tho recoverable amount, the asset is impaired tLcordingly. Prior impaim8nts are also r&viffwed for possible reversal al each reporting dale. For the purposes of impairment testing, when h Is not possible to estimate the recoverable amount of an individual a$$et, an o$limole is made of the recoverable amount of the cash-generaling lt lo which the asset belongs. The cash-generating unit is th8 smallest identifiable group of assets that indudes the asset and generates $h inflows that largely independent of the cash inflows from other assets or grcmjps of assets. For impairment lesling ol goothvill, Ihe wodwill acqUid in a business combinatiC is, from the acquisition dale, allcxaled lo each of the cash-generatsng units Ihal are expected lo berit from the synergies of the combination, irrespectwe of whether other assets c¢ liabilittes of the charity are assigned to thosè units. Flnanclal Instruments A finana8F asset or 8 fin8nud lialIty is rwnisgj only when the charity becomes a party to the contractual provisions of the instrument Basic financtal instruments are in¢tially rwnised at the am¢)unt re¢eivat48 or payable including any related transaction costs. Currant assets arKI Gurrenl liabilities are subsequently measured 8tth8 cash or ctherconsideration expected to be paid or received 8nd not diso)unled. Debt Instruments are sub8equenty me8$ured 81 am¢Jrtis¢d ¢o$l. ere investments in sh¥es are publicly traded or their fair v81u8 can otherwise b& measured reliatAy, the invesbnenl is subsequently meosured al fair value wf(h charoes in fair value recognised in income antt expenditure. All other such invostments ar8 subsoquenlly measured at cost less impaimienl. 11
Vikings Sports Foundatlon Ltd Company Limited by Guarantee Notes to the Flnanclal Ststements (contlnuedj Year ended 30 November 2023 AOuntIng pollcl•s (contlnuod) Flnandal InstNm¢ntS (¢onNn¢M Other finanaal instruments, induding derivatives, #r6 initially recognised at fair value, unless payment for 8n asset is deferr beyond normal tsjsinèss tems or financed at 8 rate of interest that is not a m8rkel rate, in which case the asset is measured at the present value of th8 fvlure payments discounted al a market rale of interest for a similar debt instrument. Oiherfinancial instruments are srt)5equenUy rneasured al fair value, with any changes recognis•J in the slalement of financial activities, with the exception of hedgiThJ instruments in a design8ted hedging r818b"onship. Fin8ncial assets that are measured 81 cost or amorti8ed cost are reviewèa for objective edee of impairment at the end of each reporting date. If there is objective ewd8nce of impairynent, an impairmgnt loss is rwnised und9rthe appropriate h8ading in the statement of ffnanryal adtwtsgs in whieh the initial gain was recowised. For all equity instruments regartlless of 5ignrf1Gare, and otherfinancial assets Ihal are individually significant, these are 8ssessed indiwdually for imp8irment. Othèr finan&al 8SSètS 8re ef(her assessed individualty or wuped on the b8sis of simi18r credrt risk characteristics. Any revorsals of impairment are recognised immalialely. to the extent th81 the reversal does not result in o carrying amount of the finawal asset that exceeds what the carrying amount would have been h8d the impairment not previously been rognISed. D•finod contrlbutlon plans Contributions to defined contribLElion plans are rwnised a$ an 8xpgnse in the poriod in whi¢h the related seNee is prowded. Prepaid contributions are rewJgni58d as an asset to the extent that the prepayment will lead lo a reduction in future payments or a cash refund. en contributions are not exkwled to be settled wholly within 12 months of the end of the reportiro dale in which employees nder the related service. the liability is measwed on 8 discounted present value ba$is. The unwinth'ThJ of th8 discount is reccgnised as on exponse in thg period in which r( arises. Llmlted by guarantee The ¢panY is limited by guarantee and as Such has no share c8Prt81. & Donatlons and legacles Unrestricted Total Funds Unrestricted Totd Funds Funds 2023 Funds 2022 Donatlons Donations Don81ions RFL 69,999 15,OCK) 69,999 15,000 84,999 95.859 22.5CII 95,859 22,SC(J 84.999 118,359 118,359 12
Vikings Sports Foundatlon Ltd Company Limited by Guarantse Notes to the Flnanclal Statements (wiUnu8dJ Year ended 30 November 2023 Expendlture on charitable actlvlti¢s by fund ty Unrestricted Total Funds Unrestricted Total Funds FdS 2023 Funds 2022 Charitable activity Support costs 90,460 1,938 115,895 1,218 115.895 1,218 1.938 2,388 92.388 117,113 117,113 Expendlture on charltable actlvltle5 by actlvlty type ActiMti8S undertaken dirady Support Totsl fvnd$ costs 2023 Total fund 2022 Charitable activity Govemance Costs 9),450 ,450 1,938 92,388 115,895 1,218 1.938 90,450 1,938 117,113 Net {expendMure)nncome Net lexFeThli(L*eifincome is stated after chargingllcrediting).. 2023 2022 DePlson of tangible fixed assets iooo Independent examlnatlon fees 2023 2022 Fees payable to th& ind¢pendgnl oxaminer for. Independent èxamination of the financial statements 700 700 10. Staff cosls The average head count of emyoyees during the year w8s 312022.. 31. The average number of full-time equivatent employees during the year Is analysed as foll¢)WS'. 2023 No. 2022 No. Number of staff No employee roc8ived wnployee bgnefits of more than £60.COJ during the year (2022.. Nill. 11. Trustse remunèratlon and expenws No remuneration or other b6nofils from employment wrfti the charlty or a rela18d enlity were rVed by the trustees. 13-
Vlklngs Sports Foundation Ltd Company Limited by Guarantse Notes to the Flnanclal Statements {conUnu Year ended 30 November 2023 12. Tanglble flxed assets Equipment Total Cost At 1 December 2022 Athjilions 15.OCK) 15,000 15.ODO At 30 November 2023 15,0 Deprnclatlon Al 1 December 2022 ctkirgg tr th8 ygar AI 30 November 2023 3,OC Carrylng amount At 30 November 2023 12,C 11OIJO At 30 November 2022 13. Debtorn 2023 2022 Tr8de debtors Other dabt(Ys 18.980 8.764 27.744 44,106 44,106 1& Credltors: amounts flIng due *lthln one year 2023 2022 Accrual$ and dderred IrMe Social security and other taxes Other creditors 1.240 1,675 1,207 4,122 1.298 287 1823 18. Pen•lon¥ and othw post r•tlrnmenl beneflts Defln¢d ¢ontrlbutlon plans The amount ro¢ognisgd in Irorne or exFenditure as an expense in relation lo defined contribution Fdans was £1,43612022.' £1,679). 14
Viklngs Sports Foundation Ltd Company Limlted by Guarantse Notes to the Flnanclal Statements {conUnw Year ended 30 November 2023 18. Analysls of charftable funds Unre8trl¢ted lund• At 1 Dember 2022 At 30 November 2023 Incom& Expenditure General fvnds 53.834 84,999 {92,3881 At 1 December 2021 At 30 November 2022 Inccffie Expenditure Gener81 funds 118,359 1117,1131 53,834 17. Anatysis of n¢t auets bot**en lund$ UNeslricted Tolal Funds Funds 2023 Tangible fixed assgls Current assets Creditors less than 1 year Net as8•ts 12,000 37,183 2.738 51,921 12,000 37,183 2.738 51.921 Unrestricted Totsl Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 57,956 14,1221 53,834 57,956 14,1221 53,834 18. Financlal Instruments Tho company currently holds no finanaal instruments. 15
Vikings Sports Foundation Ltd Company Llmlted by Guarantee Management Informatlon Year ended 30 November 2023 The followlng page$ do nol f¢)rni part of the financial slatements. 16
Vikings Sports Foundation Ltd Company Limited by Guarantee Detailed Statement of Financlal Actlvltles Year ended 30 November 2023 2023 2022 Income and wdoY•inents Donatlon8 and legacles tknnations DDnats'ons RFL 69.999 16.000 95.859 22,500 84.999 118,359 Total Income 84.999 118,359 EendItUre Expgndlture on charltable actlvltles Wage$ and salaries Employerf5 NIC PenSIc costs Rent Other molorltravel costs Legal and profession81 fees Other offic8 costs Depreciation Bank chargès Sundries Professional lees Sports equipment )mons rugby expenses Evgnl support 68,421 1.307 1.436 9.276 155 1.938 490 3.000 102 376 1.5S4 1.991 62,454 1,316 1,679 41.378 2,4C 1,218 831 120 193 1,110 1,497 117 1343 92,388 117,113 Total expendlture 92,388 117,113 Net lexpenditurnylncome (7.389) 1,246 17
Vikings Sports Foundation Ltd Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities Year ended 30 November 2023 2023 2022 Expendlture on charltable actlvltles Charftable actlvlty Actiwities undertak•n dirncty Wages ano saleries EmPe¢S NIC Pensi costs Rent and business support Other motorltravel Costs Other office costs DeprecAation 88nk charges Sundries Professional fees Sports equipment mens nbY expenses Event support 68.421 1.307 1.436 9.276 155 490 62,454 1,316 1,679 41,378 2,400 831 102 376 1.664 1.991 120 193 1,110 1,497 117 2,8 1343 90,460 115.895 Govemance costs Governce costs- cOUntancY fees 1,938 1,218 Expendlture on ¢harlt•ble aetlvftles 92.388 117,113 18