2022-09-30-accounts - The Underground Training Station Foundation

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Charity Registration No. 1169421

THE UNDERGROUND TRAINING STATION FOUNDATION

(ALSO KNOWN AS THE UTS FOUNDATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Neil Parsley Mr David McDermott Dr Colin Robertson Mr Kevin Robinson Mr Robert Keefe Ms Sarah Stevenson Charity number 1169421 Principal address 6 New Hall Lane Wirral CH47 4BP Bankers HSBC Bank PLC 99-101 Lord Street Liverpool L2 6PG

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) CONTENTS

	Page
Trustees' report	1 - 3
Statement of trustees' responsibilities	4
Statement of financial activities	5 - 6
Balance sheet	7
Notes to the financial statements	8 - 17

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

The trustees present their report and financial statements for the year ended 30 September 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objectives of the Foundation are as follows:

To use physical activity as a vehicle to engage the community into lifelong learning and progression in fitness and sport.
Create a sporting environment that fosters a sense of identity, pride and thirst for knowledge.
Create a physical activity sporting hub that integrates the community, fostering a team philosophy.
Educate people about themselves, and about how their bodies work.
Raise people’s awareness regarding what makes for effective physical activity, exercise and event specific training, and at the same time teach them about how healthy nutrition supports their aims.
Using sport and physical activity, within an inspiring, innovative, forward thinking fitness facility as a vehicle to engage hard to reach individuals and groups into sustainable, accessible, affordable, fitness programs.

The main activities undertaken in relation to these objectives have been providing free structured coaching and health and well-being sessions to various community groups across Wirral and at our facility sites. The UTS Foundation works in partnership with a range of agencies, such as the NHS, police, youth service, youth offending teams, schools, colleges and youth clubs to help and support the following people:

Post cancer care patients; including structured support to help with recovery.
Prescribed exercise for people with ongoing health issues.
Children and adults who are considered disabled, or have Special Education Needs (SEN’s).
Inactive children, young people and adults signposted to us to help engage in physical activity.
Support for vulnerable groups, such as those with mental health issues.
Support for ex service personnel, with exercise programmes, nutrition advice and support.
Older people (over 55) with health issues or who are isolated and would benefit from fun, friendly sessions.

By using physical activity as a vehicle to engage with such groups, we believe the Foundation is providing a public benefit which will hopefully bring lasting change to these people’s lives and the communities in which they live.

We can confirm that the trustees have paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

Achievements and performance

UTS Foundation has completed the PhD partnership with Liverpool John Moores University (LJMU) for research, which has informed the creation of an effective physical activity model for people living with cancer. The partnership will continue in the future through the creation of research publications and some further recommendations for future research to be undertaken between the UTS Foundation and LJMU.
The prescribed exercise classes for people living with cancer have been delivered in person and online.
Future Events: The UTS Foundation have been successful in their application to be chosen as the Charity of Choice for the Wirral Bikeathon for 2023 and beyond. The UTS Foundation has been awarded £10,000 for 2022 and 2023 to deliver prescribed physical exercise classes for people living with cancer. The UTS Foundation will continue to deliver the Hoylake 10k now planned for 2023. These events had been postponed to 2022/2023 as a result of the Covid-19 outbreak.

Financial review

At the end of the reporting period, the Foundation has a total surplus fund of £17,098. This surplus can be allocated between unrestricted and restricted funds as follows:

Restricted:	£8,098
Unrestricted general:	£9,000
Total:	£17,098

The funds held in restricted funds are those that have been granted/donated for a specific purpose. Further details of each of the projects can be found at note 14.

Reserves Policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to two months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Also, the Foundation and its Trustees remain grateful to The Underground Training Station Limited for its continued support.

Risk Policy

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Structure, governance and management

The UTS Foundation is a Charitable Incorporated Organisation and is governed by a Constitution of a Charitable Incorporated Organisation, with voting members other than its charity trustees. Also known as an Association model.

The members or the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed or as an additional charity trustee provided that the maximum number of 12 trustees is not exceeded.

None of the trustees has any beneficial interest in the charity.

Statement of Exemption from External Examination

The UTS Foundation reports that its annual income for the financial year ending 30 September 2022 is below the threshold of £25,000 as set out in the Charities Act 2011, and therefore, in accordance with the applicable regulations, we are exempt from the requirement of an external examination or independent audit of our Charity;s accounts for this financial year.

The trustees have undertaken a review of the financial transactions and accounts for this period and are satisfied with their accuracy and completeness.

Reference and administrative details

The Underground Training Station Foundation or The UTS Foundation, as it is also known, is a registered Charitable Incorporated Organisation (CIO), registration number 1169421.

The registered address of the Foundation is: Newhall Lane Holylake Wirral CH47 4BP

The trustees who served during the year and up to the date of signature of the financial statements were: Mr Neil Parsley

Mr David McDermott Dr Colin Robertson Mr Kevin Robinson Mr Robert Keefe Ms Sarah Stevenson

The trustees' report was approved by the Board of Trustees.

Mr David McDermott

Trustee Dated: 1 August 2023

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2022

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Current financial year
		Unrestricted	Restricted	Total	Total
		funds	funds
		2022	2022	2022	2021
	Notes	£	£	£	£
Income from:
Charitable activites	3	-	10,000	10,000	-
Donations and legacies	4	14,648	-	14,648	25,111
Total income		14,648	10,000	24,648	25,111
Expenditure on:
Raising funds	5	-	-	-	100
Charitable activities	6	20,802	14,848	35,650	41,955
Total expenditure		20,802	14,848	35,650	42,055
Net expenditure for the year/
Net movement in funds		(6,154)	(4,848)	(11,002)	16,944)
Fund balances at 1 October 2021		15,154	12,946	28,100	45,044
Fund balances at 30 September 2022		9,000	8,098	17,098	28,100

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Prior financial year

Notes Income from: Donations and legacies 4 Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net expenditure for the year/ Net movement in funds Fund balances at 1 October 2020 Fund balances at 30 September 2021	Unrestricted Restricted Total funds 2021 Funds 2021 2021 £ £ £ 25,111 - 25,111
	100 - 100 27,502 14,453 41,955 27,602 14,453 42,055 (2,491) (14,453) (216,944) 17,645 27,399 45,044 15,154 12,946 28,100

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) BALANCE SHEET

AS AT 30 SEPTEMBER 2022

£ - 35,756	£ - 35,756	£ 11,550 42,802	£ 11,550 42,802

35,756 (18,659)		54,352 (26,252)
	~~17,098~~
			~~28,100~~
	17,511 (413)		12,946 15,154
	17,098		28,100

The financial statements were approved by the Trustees on 1 August 2023

Mr David McDermott Trustee

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

Charity information

The Underground Training Station Foundation is a Charitable Incorporated Organisation which was registered on 30 September 2016 and registered in England and Wales. The principal address is 6 New Hall Lane, Wirral, CH47 4BP.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts and as detailed in the Trustees’ report the Trustees have considered the impact Covid-19 has had on the economy, the lingering effect on peoples finances and the impact this has on the charity. The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the ‘going concern’ basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are recognised in the statement of financial activities when the conditions for receipt have been complied with.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

(continued)

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources.

Costs of raising funds are those incurred in seeking voluntary contributions and applying for grant funding and do not include the costs of disseminating information in support of the charitable activities.

The costs of activities in furtherance of the charity's objects comprise expenditure on the charity's primary charitable purposes. Support costs are those costs incurred directly in support of expenditure on the objects of the charity.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment 25% per annum straight line Hanger project 25% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

(continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions.

The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

3 Charitable activities

	2022 £ 10,000	2021 £ -
	10,000
		-
Unrestricted funds general Unrestricted funds general 2022 £ 2021 £ 14,648 7,680 - 17,431
14,648 25,111

4 Donations and legacies

5 Raising funds

Fundraising and publicity Staging fundraising events Other fundraising costs Fundraising and publicity	Unrestricted funds general 2022 £ Unrestricted funds general 2021 £ - 100 - -
	- 100
	- 100

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

6 Charitable activities

Advertising Professional fees Insurance Rent Telecommunication costs Share of support costs (see note 6) Share of governance costs (see note 6) Analysis by fund Unrestricted funds – general Restricted funds Support costs Support costs Governance costs £ £ Depreciation 11,551 - Interest payable 366 - Computers costs 120 - Accountancy - - 12,037 - Analysed between Charitable activities 12,037 -	2022 £ - 14,072 342 9,200 - 23,614 12,037 - 35,650 20,802 14,848 35,650 2022 Support costs Governance costs £ £ £ 11,551 17,120 - 366 108 - 120 348 - - - 2,596 12,037 17,576 2,596 12,037 17,576 2,596	2021 £ - 12,060 123 9,600 -
		21,783 17,576 2,596
		41,955
		27,502 14,453
		41,955
		2021 £ 17,120 108 348 2,596
		20,172

		20,172

7 Support costs

Governance costs for accountancy include a payment of nil (2021: £692) for independent examination fees.

8 Trustees

Trustees' remuneration and other expenses amounted to £Nil which related to all trustees for the year (2021: £Nil).

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

9 Employees

There were no employees during the year.

There were no employees whose annual remuneration was £60,000 or more.

10 Tangible fixed assets

Cost At 1 October 2021 At 30 September 2022 Depreciation and impairment At 1 October 2021 Depreciation charged in the year At 30 September 2022 Carrying amount At 30 September 2022 At 30 September 2021 11 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost 12 Loans and overdrafts Bank loans Payable after one year	Equipment Fixtures and fittings £ £ 7,042 64,758 7,042 64,758 6,699 53,551 343 11,207 7,042 64,758 - - 343 11,207 2022 £ 64,499 50,902 2022 £ 24,239 18,659	Equipment Fixtures and fittings £ £ 7,042 64,758 7,042 64,758 6,699 53,551 343 11,207 7,042 64,758 - - 343 11,207 2022 £ 64,499 50,902 2022 £ 24,239 18,659	Equipment Fixtures and fittings £ £ 7,042 64,758 7,042 64,758 6,699 53,551 343 11,207 7,042 64,758 - - 343 11,207 2022 £ 64,499 50,902 2022 £ 24,239 18,659		Total £ 71,800
		7,042			71,800
		6,699 343			60,250 11,550
		7,042			71,800
		-			-
		343			11,550
					2021 £ 69,607
					53,059
					2021 £ 26,252
					26,252

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

13 Creditors: amounts falling due within one year

Other creditors Bank loans Accruals and deferred income 14 Creditors: amounts falling due after more than one year Notes Bank loans 12	2022 £ 22,863 5,580 4,800 32,243 2022 £ 18,659	2021 £ 19,411 7,396

		26,807
		2021 £ 26,252

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Rehabilitation and development centre The Hanger Project St James Place Cancer Project Pink Ribbon Cancer worker Wirral Post Cancer Care Project Anne Duchess of Westminster’s Charity	Movement in funds Balance at 1 October 2020 Expenditure 1 Balance at October 2021 Expenditure Balance at 30 September 2022 £ £ £ £ £ 3,533 - 3,533 - 3,533 21,574 1,200 602 490 - (12,160) (1,200) (603) (490) - 9,413 - - - - (9,413) - - - 4,565 - - - - 4,565	Movement in funds Balance at 1 October 2020 Expenditure 1 Balance at October 2021 Expenditure Balance at 30 September 2022 £ £ £ £ £ 3,533 - 3,533 - 3,533 21,574 1,200 602 490 - (12,160) (1,200) (603) (490) - 9,413 - - - - (9,413) - - - 4,565 - - - - 4,565	Movement in funds Balance at 1 October 2020 Expenditure 1 Balance at October 2021 Expenditure Balance at 30 September 2022 £ £ £ £ £ 3,533 - 3,533 - 3,533 21,574 1,200 602 490 - (12,160) (1,200) (603) (490) - 9,413 - - - - (9,413) - - - 4,565 - - - - 4,565	Movement in funds Balance at 1 October 2020 Expenditure 1 Balance at October 2021 Expenditure Balance at 30 September 2022 £ £ £ £ £ 3,533 - 3,533 - 3,533 21,574 1,200 602 490 - (12,160) (1,200) (603) (490) - 9,413 - - - - (9,413) - - - 4,565 - - - - 4,565	Movement in funds Balance at 1 October 2020 Expenditure 1 Balance at October 2021 Expenditure Balance at 30 September 2022 £ £ £ £ £ 3,533 - 3,533 - 3,533 21,574 1,200 602 490 - (12,160) (1,200) (603) (490) - 9,413 - - - - (9,413) - - - 4,565 - - - - 4,565	Movement in funds Balance at 1 October 2020 Expenditure 1 Balance at October 2021 Expenditure Balance at 30 September 2022 £ £ £ £ £ 3,533 - 3,533 - 3,533 21,574 1,200 602 490 - (12,160) (1,200) (603) (490) - 9,413 - - - - (9,413) - - - 4,565 - - - - 4,565
		~~27,399~~	~~(14,453~~)	~~12,946 ~~	~~(4,848~~)	~~8,098~~

Rehabilitation and development centre

This fund is to develop a World Class, not-for-profit rehabilitation and development centre designed to help some of the most vulnerable m ~~embers~~ of ou ~~r comm~~ unity ~~tackle a~~ rang ~~e of illn~~ esses ~~and ill~~ health. ~~This~~ includes those with mental ill health, drug and alcohol issues, obesity and type 2 diabetes, military veterans and post cancer care. Inside there will be space for counselling, workshops as well as excellent facilities, equipment and classes to help people recover and improve their health and well being.

The Hanger Project

Funding was secured from GrantScape, Sport England and Medicash to transform a disused building which is situated next door to the UTS gym facility, into a purpose built exercise, recovery, rehabilitation youth and development centre. This will be the UTS Foundation building that will benefit some of the most vulnerable people in our community; including those recovering from cancer, ill health and mental illness.

St James Place Cancer worker

St James Place donated funds to pay for a part time prescribed exercise specialist to deliver 1-1 and small group coaching sessions to recovering cancer patients.

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Pink Ribbon Foundation Award

£5000 awarded to help towards a part-time cancer rehabilitation coach to support people with or recovering from breast cancer.

UTS Post Cancer Care Project

The project was funded by Wirral Council Neighbourhoods with the aim to deliver 24 structured exercise sessions for between 60 and 80 cancer care patients who have been signposted via Clatterbridge Hospital, Maggies, local GP’s, Self-Referral and Macmillan nurses. This project will offer a meaningful and measurable way of improving the health, nutrition and well-being of those patients who attend through a structured programme of delivery, whilst alleviating an existing strain on the NHS.

Anne Duchess of Westminster's Charity

This grant is for the employment of a Cancer Rehabilitation Level 4 specialist coach for the second year.

Analysis of net assets between funds
Unrestricted funds Restricted funds Total Unrestricted funds Restricted funds 2022 2022 2022 2021 2021 £ £ £ £ £ Fund balances at 30 September 2022 are represented by: Tangible assets - - - 2,135 9,415 Current assets/(liabilities) 27,659 8,098 35,757 39,271 3,531 Long term liabilities (18,659) - (18,659) (26,252) - 9,000 8,098 17,098 15,154 12,946	Total 2021 £ 11,550 42,802 (26,252)
	28,100

16 Analysis of net assets between funds

THE UNDERGROUND TRAINING STATION FOUNDATION (ALSO KNOWN AS THE UTS FOUNDATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

17 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year Between two and five years In over five years	2022 £ 7,200 28,800 122,400 158,400	2021 £ 7,200 28,800 122,400
		158,400

18 Related party transactions

Transactions with related parties

Included in other creditors is a balance of £22,863 (2021: £19,411) owed to Underground Training Station Limited, a company in which three of the trustees, Neil Parsley, David McDermott and Colin Robertson, are also directors.

No Trustees received any remuneration for services as Trustees of the charity.