REGISTERED COMPANY NUMBER: 09578656 (England and Wales) REGISTERED CHARITY NUMBER: 1169850 OSPREYS IN THE COMMUNITY UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 MHA Chartered Accountants 3 New Mill Court Swansea Enterprise Pa Swansea SA7 9FG *AC6T5Vb18• 0110712023 COMPANIES HOUSE A13
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OSPREYS IN THE COMMUNITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Page Chairman's Report Report of the Trustees 2 to 12 Independent Examinerfs Report 13 ststement of Financial Activities 14 Balance Sheet 15 to 16 Notes to the Financiol Statemgnts 17 to 27 Detalled Statement of Financlal Aclivlties 28 to 29
OSPREYS IN THE COMMUNITY CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2022 l am absolutety delighted and proud to wetorne you lo this yearfs Impact ststemenl covering the activities of Ospreys in the Community. Enthusiastic and empathetic leadership has created a climate where rrembers of staff were well prepared lo hil the ground running when restrIctnS following the rent dthculties we all faced were lifted. l am incredibly proud that we as Trustees were able to contribute to and fulty endorse our new Ftve Year Strategy consisting of 3 aMbituS pillars under which staff will carry oul a wide range of programmes that will impact on so many people.young.old and not so old across the communibe5 that make up the Ospreys Region. These you will find in this Impact statement and l am eertain you will be more than impressed by their scale, breadth and am"tIon. It is part¢cularly impressNe that we have now reached our full complement of staff. and continue to increase our partnership working, often the result of organisats"ons' approaching OITC to work logether or indeed deliver on their behalf, and the grants we a able to attract. We as trustees are certain that there is more to come from this organisation. therefore in o)mmending this Statement to you I would urge you to conb.nue to follc¥w our ioumey and rf you can. engage with us. Diolch yn fawr pawb KARL NAPIERALLA OBE CHAIR OSPREYS IN ThE COMMUNITY Page 1
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 095786561 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their rekx)rt with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of Accounting and Repotb"ng by Ch8rits"es". Staletrenl of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Ospreys in the Community is a nol-for-profit foundation Ihat uses the pcywer of spjrt and the Ospreys brand to empower people across our region to make positrve life choKes. Ospreys in the Communty operates on an independent basis to the professiortal rugby orgartisatjon. Al Ospreys in the Community. we passK)nately believe in the power of sport and its ability to transform lives. Our range of programmes promote wellbeing and inclusivty and help lo improve opportunitie5 for our ommunilies. This document outlines our Pillars and VogramffS and some of the iffyacl il has had on the people we work with. The 8th yeaf of the foLtndation will see us continue our new strategy. drivin9 the foundation further and reaching more people than before. OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the ¢harity are to promote wnmunity partithpation and provKle eduCatn in heatlhy recreation by provKJing facilities for the playing of rugby and other SFrf)rts in Swansea and the surrounding area. Public benefit The trustees have referred to the guidance contsined in the Charity Commission's general guidance on public benefit and have had regard to it when reviewing the airr6 and objectives of the eharity, and in planning its future activities. In partUlar, the trustees consider how planned activities will contribute lo the objectives set by the charity. spectfically the PfOtTh)lion of communty partKipation in healthy recreation by providing facilits.es for the playing of rugby and other sports capable of improving health 0$ well as advaneing the education of children and young people and improving the wellbeing of all individuals. Volunteers Volunteers play a huge part in the work the charity can get through," we fecognise the value that volunteering has with any organisation and are proud to play our part in supporting volunteers. Page 2
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 095786561 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORMANCE Our Community SFQrt has an incredible way of engaging, Connecting aThJ emFthvenng people of all ages. ability and background. This allows Ospreys in the Community to reach deeper into our local communitses and support the people across var#)us agendas. th it esbrnaled that by 2050. 50Qh of the adult populatr.on coukj be obese, it is important that we play our role in getting people active and thinking about lifestyle choi. It's estimated that physical inactivity costs the NHS £650 million per year. Our ability to connect wtlh people at various sta9es of their journey throu9h life ryEans we can help influence and inspire a healthy active lifestyle. With the launeh of tyjr new S-year strategy bjoking at harne$5ing the power of sport and the Ospreys brand lo engage. connect and w)spire Ouf communities thiwh a new 3 pillar approach". Health & Wellbeing Education & employatylity Sport & physical aelivity Equality and inclusion run throughout our prcgrammes and FMllars_ Free School Meal l Holiday Hunger In 2019120, over 16,000 children were eligible for free school nwls. which rose to over 17,700 in 20121. Ospreys in the Community played a part in supporting the holhlay hunger provision, working alongside the WRU to deliver a programme for the most deprNed areas of the regn. offering free rugby camp spaces for 500 young people to attend and receive 2 meals. Everyone Deserves a Chrlstmas As the pandemi¢ ¢ontinued to push people fvrther inlo deprivatKJn. our 'Everyone Deserves a Christmas, campaign relumed. this lime raising over £60.000 to offer those ftst in need a -Proper' Christmas dinner they deserve. A ¢ombined effort from I7 businesses. organisakn.ons and ptslitioians ensured over 1,000 people had a celebratK)n that winler. SF>Ort & Physical Activty Impact Report 21122 We have had a very successful relum lo our Sport & Phystsl Activity Prcgrnmmes after COVID-19. Our team has wotked extremely hard in adaptsng to barriers and maximising the experience lo each ot our provisions in the region. Key statistics.. 693 Hours of Delivered 147 Camp Hours Delivered 115 Walking Rugby Hours 1,997 K$ in Camps 518 Sessions in for TRY PI 55 Player Appearances supporting our Primary School Programmes Our Tackleometer has been lackled 10.800 times (with no nNssed tacklesll Page 3
OSPREYS IN THE COMMUNfry (REGISTERED NUMBER: 09578656 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORPAANCE, ¢ontinued Primary School Programmes TRY PI: Our TRI Pl PrOgrarnw. in collaboralK)n with Sony Technology. ha5 been foreed to adapt ils ¢ommon way of working by digilalising the dassrcx)m modules. This has seen us expand on the number of children we have had throughout the programme and allowed us lo tsilor it to align to the new schools curriculum of 2023. The programme eonsisls of a virtual tour at Sony Pened. a nulrits'on workshop looking al healthy eats'ng and what our players do to stsy energised throughout the day. a wellbeing workshop, teaching pupils different coping mechanisms and resilience and a virtual Ospreys player Q&A and virtual stsdium tour, with an inclusive rugby festival celebration at the end pf each term. We have had 3,600 children over 4 terrns and ea¢h young person have parts"cipaled in at a$1 10 hours of physic21 activity & digital competency classroom sessions with OITC & Sony. "We thoroughly enjoyed the TRY Pl prcgramme. The kwjs really engaged wth each rnodule and every session we had with Kayleigh was amazing. Thank you so muthl' YGG Gwaun Cae GUen Key statistics= 18,718 {Totsl attendance) 1,925 children- 843 Girlsl 1.082 Boys 22 Schools- 55 Classes - 125 hjr$ AFC Our 'Bouncing Back Plus. programme with Action for Childn aiffo to provide dassrcom sessions around wellbeing and resilience. The Sport & Physical Activity team devetop their physul activity sessions aligning lo the dassroom session outcomes and always re*mphasising the importance of aims of the theory-based session into our practical. Throughout the year we delrvered 6 weeks of sessions to 24 schools in the Swansea, NPT area. "I love that you help people with their mental heafth" Pontlliw Primary Student Feedback "It was realty good, and I would like to do nre. Coed Hirwaun Primary StLKlent Feedbaek "It was realty fun and helpful, and you make people feel betterf- Cwmnedd Primary Siudent Feedback "l enjoyed., I will use these skills' St Joseph's Primary Student Feedback "I love il bause rt makes me feel happy and comfortable and not scared to ask for help. Pontardulais Primary Student Feedback "You have helped me so rnh thanks. l am really going to miss these lessons. _ YGG Lon Las Primary Student Feedba¢k Schools - 23 Classes- 39 partIpants- 1.041 SessK)ns- 184 89% said they knew when to ask for help 93Yo knew who lo ask 54% Said their confidence had increased 60% increased ability to cope wslh slress 680h knew how to feel and behave better 76¢k said Physical activity had a positNe impact on their Mental wellbeing Teacher Feedback: • Ponllliw. 'ThbS scherrE is invaluable. The children have 100% benefited from the Bouncing Back Plus programme. The intervention was delivered in a fun manner both in dass and outdoors playing rugby. The children were always happy and lookn.ng forward to sessions.. Page 4
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09S78656 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORMANCE. continued Sl Thereses.. "We found the PrOgrathe so benthial to all children. It is something we feel every school and every pupil should experience." Waunarlvrydd.. °This has really benefitted some Pu[$, the chik1n all seem fflo able to talk about feelings. emotions and coping strategies." Year 3+4 We have found Ihal during our summer term of TRY Pl. we lend to have less demand for the programme. After gaining some feedbaek, xhools rnenb.oned that the sumrrer term was aVayS difficult to engage with due lo the transition of the year 5&6 to comprehensive schools. The team adapted and sel their sights on delivering physic21 activity sessions to year 3+4 pupils to recruit for our allernalive primary school offerings for September. Since May, we have engaged with 1,095 children in the regn and have now created huge demand from schools wants.ng to be on our TRY Pl programme. not just for September but for the $t of the next sch¢X)l year. Club Nights The team have provided players and dubs wrth sorre great experEnces throughout the year. We have delivered 15 club nights (to 1.025 children) across the region as 8 form of recruitrnent & celebration. The rapport we have formed with these clubs has now transpired into each of those clubs attending a garne during the season with their minis and junior teams. Inclusive Offerfng Disability: We utilised 40 NPTC & 20 Bae Baglan ComprehensNe Rugty Leaders to run a Disabilrty 6 nations festival for 300 PUlS in primary and MPrehensive schools across the region. 15 schools attended18 Primary & 7 SecA)ndary Schools) Abilities ranged from Intellectual Disabilit$. ADD. Cerebral Palsy. Down Syndrome and users that are bound by wheelchair or bed. Teacher Feedback "Thank YOU for a fantastic day. The students realty enjoyed the day and took part in every activityl I thought that it was organised extrerTEty well and thal the staff and helpers were all really friendly and helpful. Gower College Teacher Camps 147 hours have been delNered in rugby camps this year wth 287 out of the 1,997 children being first timers. We also ran a free inclusive camp in collaboration with Princes Gale for children in our region who are from deprived areas. We had 60 children enjoy 8 hours of activity, 2 meals and a variety of different fun challenges. £33.480 generated through 16 camps14x 3 day Camps. 2x Senior Camps. 2x &"rls Camp) Supported 13 fit and fed camps across the region during the summer. "Hows Deiiveieo 1•7 our Clvtss renues OIJTREACH CAMPS Page 5
OSPREYS IN THE COMMUNrfY IREGISTERED NUMBER: 095786561 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORAIANCE, continued Alternative Game Walking Rugby We linked up wrth Swansea Unrversty to conduct searCh on Ihe playeTS to assess the risk of Pfediabeles . Participants underwent a 16-week folbw-up anatysis which highlighted a significant reduction in BMI and Type 2 diabetes risk when engaging in walking rugby se5s)n$. We managed lo support each walking rugby team throughout the year. with health care screening. rugby seswons and walkn'ng rugby festivals wh consisted of 115 hours of delivery and 300 players taking part. Thank you to YOGITS. Britton Ferry & Baglan Bombers touth teams for being a part of the resear¢h prograrn. Touch Our touch rugby league has had a great year wth over 200 people and 18 teams tsking part across the 10 weeks. 14- 55 years of age took part 5 brand new teams have competed this year £3.600 generated, which was used for facility hire. trophEs and touch referee's course TACKLE schools programme Last yeai September 2021 up lo February 2022 on Previous NLCF funding {7 months) Number Sessions delivered of Number of schcx)Is on programme Aggregate attendance at seSSn$ Hours of delivery Unique attendances Inspired TACKLE 108 68 601 162 TACKLE is an Education & Employality wogramme working with young people aged 12 - 16 with the aim lo improve life skills. leadership. softer skills and a broader understanding of fvrther education and employment. Using rugby, sport and the Ospreys brand as a vehicle to engage. wothing on Personal Career Development with Ospreys stsff and players and industy personnel as role mcxlels. Assisting leamers to realise their polentsal and the possibilities in further educats"on. using.. Employment via eoaehing, not teaching Guided self development Problem solving Health and well being and tlIdIng resilience Helping learners gel a real experience of working alongside Ospreys in the Communty Coaches, gaining access to industry leading experts gain first aid qualffi¢atr"ons and Sports Le*ers UK aualikalion, TACKLE helps to create a defined journey. SUMMER SORTED PROGRAMME 2021 Subcontracted last year from NPTC, Careers Wales. Number Sessions delivered 42 of Number of schoo15 on ro ramme Aggregate attendance at SesSnS 380 Hours of delNery UnNue attendances 38 Page 6
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 095786561 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORMANCE. continued TACKLE Schools Programme 14 Schools {Aiming for 15) 198 Leamers (aiming for 300 ovef 3 years) Broadening our horizons ulilising our commercial partnership with NPTC to branch out into the Powys areas and help soften the drop off rale from secondary schwls to FE. Types of sessions delivered thus far.. Classroom Session Communication Creativity Enterprise Feedback Guest Speakers Introductionaster Physical Activity Qualification Reflection Skills Teamwork Trip Wam Upllntrtsjuction Wellbein 19 12 13 14 11 Heaiih & Wellbeing Sporting Memories We now have six c14Jbs running across the wion at the following venues - Dunvant RFC. Swansea RFC. Ynyslawe CC, Swansea RFC. Neath RFC and Skewen RFC. all $tarb"ng at staggered times through the year. Throughout the year we have achieved the foll¢)wing". 228 registered members to the prOgrarn 21 registered volunteers supporb.ng all clubs across the region 223 sporting MeMorS se$snS delivered within the year 3,205 sessions attendances 446 hours of delivery at sessions, induding reminiscence, qurLzes and physical acts'vities. Large scale events including 96 parbcipants attended the Ospreys v Ulster URC game at the Swansea.¢om Stadium. Event delwered in conjunction with Welsh Bowls. St David's Day Celebration hosted by Phil Steele. David Brayley (Jelivered regular sessions across all venues throughout the year. oove ha5 covered many topics including Welsh Sp)rting Heroes and the Blue Plaque Scheme.. "The support I've received from the team al the Ospreys in the Communty has been first class in terms of organisation and a clear direction of what they have wanted me to f¢xus on. But as excellent as their organisabon of the sessions has been. rt is their 'soft skills, that impress most. These sessions have developed into not one of ser¥e provider and receNer, but thanks to the warmth and engagement of the team. they are now sessKsns. quite simpty, of friends, all to3ether. enjoying a moming or afternoon.. Page 7
OSPREYS IN THE COMMUNITY IREGISTERED NUMBER: 095786561 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORMANCE, continued Last quarter returns... April 2022-¢nd of June 2022 Dunvanl RFC 14 28 Ynystawe cc 13 26 Swansea RFC 12 24 Skewen RFC Neath RFC 13 20 Loughor RFC 12 20 Number of sessions Physical Activi IReminiscen¢e Totsl individual attendances Hours of delive Uni ue attendees 26 295 334 134 85 178 69 28 41 26 55 24 19 26 45 37.5 17 Annual figure returns June 2021- July 2022 Dunvanl RFC 51 182 Ynystawe cc Swansea RFC 30 Skewen RFC 18 Neath RFC 32 64 Loughor RFC 46 92 Number of sessions Physieal Activi IReminiscence Total indivKlual attendances Hours of delive Uni ue attendees 92 1,095 1,035 295 121 398 269 102 92.30 92 60 36 24 77.30 57 105.30 26 Headline figures taken from the tsble above: 226 sessions and events delivered across the region. 380 quizzes, games and actNrts delNered for group members wth the help of volunteers. Volunteers had 190 chan$ to sit and chat with group members. 3.213 individual attendanS al weekly sessior15 acr055 the year. 474 hours of delivery al sessions. Participants and carers attendances topped 120 over one week during June 2022. This has been the largest number of attendees over one week as sessions continue to grow. Ensuring that all dubs have planned sessions and we conbnue lo engage wrth all participants. All activities are cornplelely indusive and ensure that everyone is giving the opportunity to lake part. Volunteers made 4,936 p$ of tea and coffee for members across the year. In May 2022, 16 OÉtC volunteers attended the Ospreys v Bulls game at the Swansea.¢om $tsdium. This was used as a celebration of what has been athieved in the prcgramme to date and to look forward lo the project continuing to grow. Page 8
OSPREYS IN THE COMMUNITY IREGISTERED NUMBER: 095786561 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 ACHIEVEMENT AND PERFORMANCE. continued Member feedback: "Best two hours of the week" _ A nrnber who joined after COVKI arNJ never misses a session. °This club is a lrfeline for me now that l arn a w0W. I look forward lo rt every week_. ..ils ni to have a cup of tea made for me. Its gocvj for and my wrfe to get out of the house. We look forward every week.. Volunteer feedback: "I have found volunteerin9 wth yourselves very rewarding. I have met. chatted to and PPorted many lovety people. These sessions make such a difference to their lives," In conjunction Swansea RFC. we utilized Dave Brayley to link up with Stuart Davies and former Australian Rugby Union Player John Brass over video calls. They had played against each other at St Helens at a match in 1966 (Swansea V Australia). This was an extren*ty emotional aftemoon for everyone involved, some feedback from Stuart and hrs famity is as frAIows: "l just wanted to get in touch to say thanks to you and everyone at Sporting Memories for arranging the surprise video message for Dad from John Brass. As you know rt was a hugely emotional nment for Dad. and its really just sinking in today. Their Tuesday aftern¢)ons are invaluable now. Mum gets a proper break and the chance to talk lo other5 in similar situations, and Dad gels lo tslk about his memories and to have his past expernceS valued in way that doesn't happen so often these days. They have been so warmly welcomed by all, and by you in particular." Partnership working Working with 17 extemal organisations across the region, including SBHB Occupational Therapy. Community Support workers speaalising in Dementia. GP Cluster Surgeries. Carefs Centre. Swansea and NPT CVS. We have engaged with 17 external partners throughout the year. Evgnts throughout the year Question of Sport 97 members and volunteers Iwk part in a 'Question of Sport. at the stadium as well to watch the Ospreys v Ulster Future. As an extended sporb.ng memories session and an opportunty to experience the game at the Stadium. St Davld's Day Celebration Phil Steele18BC Radio Wales) attended our session to entertain our members and celebrate Wales. Patron Saint Page 9
OSPREYS IN THE COMMUNtrY IREGISTERED NUMBER: 09578656 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 FINANCIAL REVIEW Financial position This was the ¢harity's sixth full year of operabng. and Ihe initi'atNes and projects undertaken have continued to expand. The charity recorded a surplus of £66.739 for the 2021122 pericrfj. compared to a surplus of £79.570 in the prior period_ Totsl income for the period has increased by 31 % in 2021r22 compared to the prior year This has been largely driven by increased grant income. up from £155k 10 £235k in the year. This is primarily being driven by the renewal of the Lottery grant for a further three year5. IncorrE from the charities aetwities has dramatically increased from the prK)r year. mainty due to a huge bcK>sl in Rugby camp activity following the lifting of COVID reStrtKInS as well as a new grant of rights with NPTC. Overall expenditure increased 45% from the prior year. This increase was mostty due to increased activity following the end of COVID reStr)nS. At the balance sheet dale. Ihe Charty had a surplus on reseryes of £166,168 (2021.. £99.428). Unreslricled reserves had a surplus of £31,839 wilh restricted reserves surplus teing £134.329. Principal lunding sources The charity receives funding from various sources such as grants, donations. corporate sFonsorship revenue. The main sources of grant funding during the year were the Big Lottery Fund from The National Lottery and the Integrated Care Fund income from Swansea Bay UnNersty Health Board. The Charity also generates incorne from the running of sport festivals and events, sumwer camps and schwl programmes in the local community. Details of the funds in use during the period can be found in the notes lo the financial stslements. Reserves policy 11 is the poly of the ¢harity that unrestrthd funds which have noi been deSnated for a specific use shouk aim to be maintained at a level of £35.000. The Iru5tees consider that reserves al this level will ensure that. in the event of a significant drop in funding. they will be able to continue the charity's current adivity.es while consideration is given to ways in which addibonal funds may be raised. At the balance sheet dale. unrestricled resep4es had just missed thts target. standing al £31.839. The trustees consider this adequate, and the level of reserves puts the charity in gocd stead for the 2022123 financial year. Page 10
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022 FINANCIAL REVIEW Going concern The charity has recorded unrestricted surpluses for the year of £31.839 and, as slated in the reserves policy note, the tnjstees consider this to be adequate even though they have not made the target reserve. The latest management accounts show a positive ouicome in the 2022123 year to dale and key income streams from grants and other funders have been secured. The charity has the eonfirrrtd $upport of fellow group companies, and should U)e general economic uncertainty curtail the charity's activities, the trustees have recerved assurances that the group ¢ompanies will provide cash support to reduce the burden of fixed costs of the chartty. The trusiees currentty ¢onsider that the current and projected financial position of the charity is satisfaetory and therefore the going concem risk has been salisfadority addressed. FUTURE PLANS Mens Sulclde- The Huddle Working closely with Swansea Bay Universty Health Board. we have connected with people who have highlighted their joumey on this agenda and what helped and what were the barriers they came up against. We are looking to work closely with our ¢ommunty clubs to use k)cal community assets as a solution lo supporting men's mental health & the suicide agenda. Prwnary Schools Programrne Relaunch We are in the process of revamping our primary schools programme, whh will encourage more outdoor learning. rnental wellbeing and physical aclwity. bringing back teacher training for sustainability. We will be bringing in the environment and working wrth schools to create green spaees within their children's environments I playgrounds. STRUCTURE. GOVERNANCE AND AIANAGEMENT Governing document The charty is controlled by its goveming documenL a deed of trust. and constitutes a limited company. limited by guarantee, as defined by the CoMpanS Acl 2006. Managemen¢ The charity is adrninistered and managed by elected committee mert)ers and Iruslees. in accorda with its tonstitution. The trustees have the ultsmate control over the charty and the truslees are resF()nSIb for the management of the charities day to day activities. Some of the trustees are also tN)ard membefs for Ospreys Rugby Limf(ed." the trustees and members have given due considerats'on to the Chanty Commission's guidance on conflicls of interest and have sufficient policies in place to miligale any risk. Recruitment and appointment of new tteeS New trustees are elected by exists'ng trustees to provide the board with the skills necessary to operate the charity and achieve its objectives. Al trustees have been appointed on a skills basis. Since appointment, they follow an induction process that hvJhlghls the following areas,. roles and responsibilities. company values, 3-year strategy and areas of devek)pment. All of the ¢urrenl trustees have previousty been trustees with other charities and therefore are able to bring a lot of exFerienee to the Ospreys in the Community board. Page 11
OSPREYS IN THE COMIAUNITY (REGISTERED MUIIBER: 095786561 REPORT OF ThE TRUSTEES FOR THE YEAR ENDEO 30 JUNE 2022 STRUCTURE. GOVERPIANCE AND IAANAGEMEMT Risk management The trustees have identified and wIth¥ed the risks to whi¢ the Charity is exrM)sed and have inpknnent8d appropiiaie sy5t8m5 and ClT0 lo manag8 Ise risks. The main ffinancial risk facing Ihe chty is the sourong of fvnds.. Ihe thari5 main sour9 of income are grants, operational irKome in ratn to conlracts won through successfvl tenders. as well as corporate sponsorship. The trustees have attempted lo mitvjate Ihis risk by dIverlng stream5 to ensure that Ihe charity is Th)t lIant on one source of inrne. The tnjstees continue lo actNety seek new opportunities r exlefnal luThJing. REFERENCE AND ADMINISTRATIVE OETAILS R•gbSt•r•d Company number 09578656 (England and WaKgsl Reglstered Charity number 1169WJJ Register¢d offic• Liberty Stadium Landore Swarwa SA12FA Trust••sl Diroetors A Davi85 Ir85igned 19107r2021) K A Napieralla W R Blyth Ireggned 31105120231 C A Richards J Jarnes RJLock A J Milar M Waygood Mrs K V Evans Company Secretary P A Whapham Independent Examiner MWA Chartered Acc(MJntants 3 New Mill Court Swansea En¢errwise Park Swansoa SA7 9FG This report has been F¥epar¢d in accordancè vthh the speoal of Part 1S of the Comparmes Acl 2006 relating to small companie5. Approved by Ofder of Ihe board of Iwsieeg on ... .. ..!061.25..... . and siwed cffi its b¢haW by.. C A Richards- Trustee Page12
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) Independent examinerfs report to the trustees of Ospreys in the Community I'the Company.) I report to the charity trustees on my examination of the a¢counts of the Company foi the year ended 30 June 2022. Responslbilities and basis of report As the charity's trustees of the Company (and also tls direeiors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan wrlh the requirements of the Companies Act 20061'lhe 2006 Act'l. Having satisfied myself that the accounts of Ihe Company are not reqvired to be audiled under Part 16 01 the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charib'es Acl 2011 {'the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under Seetitin 145(51 Ib} of the 2011 Act. Independent examinerfs sLement Since your charity's gross income exceeded £250.0¢)O your examiner must be a memtrer of a listed body. I can confirm that l am qualified lo undertake the examinalion because l am a registered rrmber of for and on behalf of Gerald Thofflas which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in COnnectn with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Seth"on 386 of the 26 Act., or the accounts do not accord with those records" or the accounts do not comply wth the accountsng requiremènts of SectN)n 396 of the 20C6 Act other than any requirement that the accounts gNe a true and fair view which is not a matter considered as part of an independent examinatlon" Of the accounts have not been prepared in accofdance with the methods and principles of the Slalemenl of Recommended Prath"ce for aecounh.ng and reporb.ng by charities lapplvble to charities preparing their accounts in aecordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102}1 I have no ¢on¢erns and have come across no other matters in c0nrbtn with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Rathel Doyle ACA FCCA for and on behalf of MHA MHA Chartered Accountants 3 New Mill Court Swansea Enterprise Park Swansea SA7 9FG 30.b.? Page 13
OSPREYS IN THE COMMUNrr STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDrtURE ACCOUNT FOR THE YEAR ENDEO 30 JUNE 2022 2022 Total fvnds 2021 Totsl funds Unrestricted Reslricled fvnds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 79.437 79.437 132.239 Charitable activities Charitsble activities 1.000 234,857 235,857 154.577 Other trading activities 126.786 126.766 51,454 Total 207.203 234.857 442.0 338,270 EXPENDITURE ON Charitable activities Charilable actiwties 164.783 193.4CiI 358.183 253.498 Other 17,137 17.138 5.202 Total 181.920 193.401 375,321 258 700 NET INCOME 25,283 41,456 66,739 79.570 RECONCILIATION OF FUNDS Totsl funds brht foNard 6.556 92.873 99,429 19.858 TOTAL FUNDS CARRIED FORWARD 31,839 166,168 99.428 CONTINUING OPERATIONS All income and expenditure has arisen from contsnuing acbvities. The notes form part of these finanual staterrtnts Page 14
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) BALANCE SHEET 30 JUNE 2022 2022 Total nds 2021 Total furKIs Unrestricled Restricted fvnds nds Noles FIXED ASSETS Tangible assets 13 7.796 7.796 7,073 CURRENT ASSETS Debtors Cash al bank 14 19.593 50.236 24.560 124.225 44.153 174.461 45.594 88.136 69.829 148.785 218.614 133,730 CREDITORS Amounts falling due within one year 15 132.256) {3,6991 (35.955} 126.832) NET CURRENT ASSETS 37.573 145,086 182,659 106897 TOTAL ASSETS LESS CURRENT LIABILITIES 45.369 145.086 190,455 113,970 ACCRUALS AND DEFERRED INCOME 17 113.5301 {10.7571 {24.2871 114.5421 NET ASSETS 31.839 134.329 166,168 99.428 FUNDS Unrestricted funds Reslricled funds 18 31,839 134,329 6,555 TOTAL FUNDS 166.168 99.428 The charitsble compafty is entitled to exemptson from audit under Section 477 of the CompanÈs Act 20C6 for the year ended 30 June 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance wth Section 476 of the Companies Act 26. The trustees acknowledge their responsibilities for {al ensuring that the charitable company keeps accounts.ng records that comply wrth SeCns 386 and 387 of the Companies Act and preparing financial siatements whi¢h give a true and fair view of the state of affairs of the charitsble company as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 21 relating io ffinanaal statements, so far as applicable to the charitable company. Ibl The notes form part of these financial stslemenls Page 15 continued...
OSPREYS IN THE COMMUNrrY {REGISTERED NUMBER: 09578656) BALANCE SHEET- continued 30 JUNE 2022 These firbancial staternents have been wepared in accordance wrth the provision5 applicable lo ¢hafitable companies subject to the small companies regirr. The financial stslements were appr¢)ved by the Board of Trustees and authorised for issue on .i.@iJ............... and were signed on its behalf by.. C A Ri¢hards- Truslee The notes fomi part of these financial staternents Page 16
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING POLICIES Statory infomiation The Ospreys in the Community is a charitable company. limited by guarantee, registeW in England & Wales. The charitable company's registered number and registered office address Can be found in the TfUStees' Report. The presentaiN)n ojrrency of the financial stsiements is the Pound Steding {£}. Accounting convention The financial statements of the charitable company, whth is a public benefit entity under FRS 102. have been prepared in accordance wrth the Charities SORP (FRS 1021 'Accounling and Reporting by Charities. Statement of Recommended Pra1 applicable lo charib.es preparing their accounts in accordance with the Finanryal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20151.. Financial Reporbng Stsndard 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland. and the Companies kt 20C6. The financial statements have been prepared under the historical cost convention_ Going concern The charity is reliant on Ihe ability to conbnue to source income streams. whether by way of grants. donations or other operational income. Grants and sponsorship contracts are generally awarded for 12 month periods that coincide with the accounting referen date and the rugby season. If future income verS were to fall short of budget and no allemative funding could be sourced. the arity would be forced to reduce staffing numbers and service levels in order to ntinUe operating within its ongoing funding s¢)urces. The charity is reliant upon the support of ts parent company, especialty in relation to short term cash flow and the use of shared facilities. The trustees have received assurances from its parent company that cash flow support will be available to address any shortfall in projeded surpluses. The trustees have reviewed current and projected resources and taken into aoUnt assessed risks and have concluded that the tharity is a going cnncem and the financial statements have therefore been prepared on this basis. Significant judgements and estimates The trustees make estimates and assumptions conceming the future. The resulting accounting estimates will. by definition, seklom equal the related adual results. The estirnale5 and as5urnplions that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next year are addressed bekMI' i. Doubtful debts are reviewed on a regular basis and cDn5KJered for write-off provision if the balance has been dOmnI for a signilunt period. Write-off is onty provided when recoverability is considered remote. li. The income recognilion Wicy results in judgements being made with regard to project perfomiance. Contractual tsrgels and tjetailed KPIS are selected as appropriate in order lo recognise ineome during the year. Income All income is recognised in the Ststemenl of Finala1 Acb¥f( once the charity has entidemenl to the ineome, rt is probable that the InMe will be received and the amount ¢an be measured reliably. The following specific wlicies are applied to the partuikir tegOrieS of income". Non- erformance related rants and donatKsns Grant5 and donatK)ns are recognised when the charty has uncondth.onal enb"Uemenl to the resource. Page 17 continued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS - eontinu¢d FOR THE YEAR ENDED 30 JLINE 2022 ACCOUNTING POLICIES - contlnued Income Conlraclual incom and s onsorshi reements Such ineome is recognised in the period in which the undedying goods or serve$ were delivered. Income defwed from the provision of services is stated after trade discounts, other sales taxes and nel of VAT. Performane rants Grant income is recognised when the charity eams the ri9ht to conshderalion by its perf¢Jrmance. Gifts irb kind Gifts in kind are accoursled for al a reasonable estimate of their value lo the charity or the amount actually realised. if such gfft5 are subsequentty disposed of or realised. Donated services or facilities Such amounts are recognised as incorre and expenditure when the benefit ts the charity can be reasonably quanlified or measured and is consKlered material to the charity except in the case of volunteers where these have been disdosed in a note to the accounts. Financial instruments The charity only has finanryal assets and financial liabiif(ies of a kn'nd that qualify a5 basic financA81 inslrumenls. Basic financial instruments are recognised at transacty.on value and subsequently measured at their settlement value. Expenditure Liabilities afe recognised as expenditure as sn as Ihere is a *al or eon$tru¢tive oblwJalion committing the charity to that expenditure. it 15 probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is a¢Unted for on an aecruals basis and has been classified under headings that aggfegale all cost related to the category. Where costs cannot be directty attn'buled to partbcular headings they have been allocated to activities on a basis wnsislenl with the use of resources. Allocalion and apportionment of costs All costs are allacaled behveen the expenditure categories on a basis designed to reflecl the use of that resource. Support and govemance Costs Governance costs comprise of all costs involving the public accovntability of the charity and its compliance wrth regulation and good pract. These costs indude wsls related to the independent examination and legal fees. Support costs HUde all management and adminislrabve costs of the charity. Charitable activitles Costs of charitable activities comprise all costs incurred in the pursurt of the charitsble obje¢t$ of the charity. Tanglble fixed assets Fixed assets costing £250 or more (including VATI are capitalised and stated at Cost less accumulated depreCIatn catulaled $0 as to write off their Cost less any residual value over their expected useful lives. Depreciation is provided at the following annual rates.. Computei Equipment - 25Vo strai9ht line Fixtures and FingS - 33% straight line All fixed assets are employed in the furtherance of the charity's obiectNes. Page 18 nb'nued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING POLICIES - continued Taxation The charity is exempt from corporation tsx on its charitsble acb"vities. Fund accounting Unrestricled funds can be used in a¢cordan¢e with the charitable objectNes al the discretion of the trustees. Restricted funds can onty be used for parb"cular restricted purwjses within the objects of the charity. ReStrtionS arise when specified by the donor or when funds are raised for particular restricted purposes. Further eXplanatn of the nature and purpose of each fund is included in the notes lo the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statemenl of Financial Activities on a straight line basis over the period of the lease_ Pension costs and olher post-retirement benerts The Charitable company opefates a defined conlrib¥Jtion penSn scheme. Contributions payable lo the charitable company's pension scheff are charged to the Slatement of Financ1 Activities in the pertod to which they relate. DONATIONS AND LEGACIES 2022 2021 Donal)ns 79,437 132.239 OTHER TRADING ACTMTIES 2022 2021 Operational income Sponsorship Tournaments, competitions and other events Other income Govemment grants 477 7,018 5,000 9,238 6,833 23,365 56,671 69,618 126,766 51.454 Page 19 continued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMEKTS - continued FOR THE YEAR ENDED 30 JUNE 2022 INCOME FROM CHARITABLE ACTIVITIES 2022 2021 Activity Charitable a¢tiviti"es Grants 235,857 154,577 Grants received, included in the above. are as foNows'. YEAR ENDED 3016122 YEAR ENDED 3016121 Big Lottery Swansea Bay University Heafih 8oard Welsh Rugby Union Tackle WAG - Econom resilience fund Veterans - In the squad Walking Rugby {Slowball) Bounce Back + US Girls ck Stsrt 71.409 56,340 10,000 55.030 30,350 44.500 4.644 25,850 10,000 7,083 8.000 9.150 9,153 1,000 235.857 154.577 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 6) Support costs (see note 71 Totals Charitable activities 346,459 11,724 358 183 DIRECT COSTS OF CHARITABLE ACTNMES 2022 2021 Staff costs Rental and hire of facilities Events and competsb'ons Training Rugby carrys Monitoring and evaluation Other project costs Travel expenses Ambassador fee 240,985 8.371 5,832 192 6.829 5,322 61.807 17.121 172,556 2,325 393 606 3,405 17,471 5,751 346.459 242,507 Page 20 conknnued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS - c(Trnlinued FOR THE YEAR ENDED 30 JUNE 2022 SUPPORT COSTS YEAR ENDED 3016122 YEAR ENDED 3016121 Depreciation - owned assets Bank charges Adverts'sing Sundries Telephone Bad debts 2,560 425 6,447 1,073 1,219 2,241 428 3.309 1,030 1,529 2,454 11.724 10,991 GOVERNANCE COSTS YEAR ENDED 3016122 YEAR ENDED 3016121 Governance costs.. Independent examinerfs fee Legal costs 2,650 2.500 1.300 4.750 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. remunerats.on or other benefits for the year ended 30 June 2022 nor for the yearended 30 June 2021. Trustees. expenses There were no trustees. expenses pa for the year ended 30 June 2022 nor for the year ended 30 June 2021. 10. STAFF COSTS 2022 2021 Wages and salaries Social security costs Other pension costs 226.958 10.411 3.616 163,97S 6.117 2,464 240,985 172,556 The average ntrjnthty number of empbyees during the year was as follows.. 2022 15 2021 16 Employees No employees received emolunEnts in excess of £60,000. Page 21 continued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestncted fvnds Restrthd funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 132.239 132.239 Charitable activitie$ Charitable activities 10.000 144.577 154.577 Other trading activities 51,454 51,454 Total 193.693 144.577 338,270 EXPENDITURE ON Charitable activitles Charitable actsvrties 153.051 1.447 253.498 Other Total 158,253 1CKJ.447 258,700 NET INCOME Transfers between funds 35.440 44.130 4.191 79,570 Net movemenl in funds 31.249 48,321 79,570 RECONCILIATION OF FUNDS Total funds brought fOard {24.6951 44,553 19.858 TOTAL FUNDS CARRIED FORWARD 6.554 92,874 99.428 12. VOLUNTEERS Volunteer5 play a huge part in the work the charity can get through. and an estimated 5.900 hours of volunteer time have been noled in the year. The value of this volunteefs time has not been recognised in the financial Statents. Page 22 continued...
OSPREYS IN THE COMMUNrrY NOTES TO THE FINANCIAL STATEMENTS . ¢ontinued FOR THE YEAR ENDED 30 JUNE 2022 13. TANGIBLE FIXED ASSETS Fixtures and ttings Computer equipment Totals COST At 1 July 2021 Additions 11,848 2,894 12.752 389 At 30 June 2022 DEPRECIATION At 1 July 2021 Charge for year 4,775 5.679 2.560 77 At 30 June 2022 7.258 8.239 NET BOOK VALUE At 30 June 2022 312 7484 At 30 June 2021 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade debtors Other debtors Prepayments 41,353 272 2.528 41,449 2,090 2,055 44,153 15. CREDITORS: AIAOUNTS FALLING DUE YimiiN ONE YEAR 2022 2021 Trade creditor5 Social security and other taxes VAT Other creditors Accrued expenses 11,330 7,255 6.745 195 10.430 3,168 3,447 2.672 195 17.350 35,955 26.832 Page 23 continued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022 16. BANK The current year bank balance for unrestricted furxls amounted lo £50,236 12021.. £42.663} in hand and £124.225 {2021.' £45,473} in hand in relatson to restricted funds, SUIts.ng in nel cash in hand at the balance sheet date of £174.461 12021_. £88.1361 17. ACCRUALS AND DEFERRED INCOME DEFERRED INCOME Deferred income includes grants, sFxJnsorship and other service-related incoff. Grants may deferred where performance rekited condits.ons have nol been met at the balance sheet dale. Sponsorship and service InMe in reCOgnd in the Per to which it relates. Movernents in deferred inconE are as fdlows. 2022 2021 Opening balance brought fopNard Income released lo the statement of financial activities Income deferred during the per*)d 14.542 114.542) 10,796 19,796) Balance carried forward 24.287 14.542 18. MOVEMENT IN FUNDS Net movement in fund$ At 117r21 3016122 Unre5trtcted funds Genetal fund 6.556 25,283 31.839 Restricted funds Wheelchair rugby Big Lottery ICF 9ranl Schools Hub Officer grants PHW Mentsl health Veterans ck Start Bounce Back + Walking Rugby 6.286 42,411 10.974 4,981 23,210 5.011 6,286 104.148 1.851 2.773 14.270 4,583 11,1611 1,079 500 61,737 19.123} 12.2081 18.9401 1428} (1.161} 1,079 500 92,873 134 329 TOTAL FUNDS 99.429 66.739 166,168 Pe 24 conts'nued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2022 18. MOVEMENT IN FUNDS- ¢ontinued Net moverrent in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 207.203 {181.920) 25.283 Restri¢t8d funds Big Lottery ICF grant Schools Hub Offir grants PHW Mental health Veterans Krck Start Bounce Back + Walking Rugby 126,439 56.340 10,000 (64,702) (65,463> {12,208} 18,940> 18.4281 (16,9361 18,0741 8.6501 61,737 19,123) 12,2081 18,940) 1428} {1,1611 1,079 500 8,000 15,775 9.153 9.150 234.857 193,401 41,456 TOTAL FUNDS 442.060 375 321} 66,739 Cornparatives for movement In funds Net movemenl in funds Transfers betsveen funds At 117r20 3016121 Unrestrlcled funds General fund (24.695) 35.441 (4,191) 6,555 Restricted funds BT grant (4.191) 4.191 Wheelchair rugby Big Lollery ICF grant Schools Hub officer grants PHW Mentsl health Veterans 6.286 14.891 7.270 16.106 6,286 42,411 10,974 4,981 23.210 27.520 3,704 (11.1251 23.210 TOTAL FUNDS 19,858 79,570 99.428 Page 25 contsnued...
OSPREYS IN THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2022 18. MOVEMENT IN FUNDS - conlinued Cotwaralive net movement in fvnds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General ftjnd 193.693 (158,252) 35.441 Restricted funds BT grant {4,1911 (28,680) {40,796) {15,769) (8.940) 2,072) 14,1911 27,520 3,704 111.125) 23.210 5.011 BKJ Lottery ICF grant Schools Hub 01fr grants PHW Mental health Veterans 56,200 44,500 32,150 7,083 144 577 1CQ 4481 44.129 TOTAL FUNDS 338.270 258.700) 79,570 The funds induded above which are deSnated as unrestricted are general funds thal are available for use at the trustees. discreb.on in furtherance of the objeclives of the chaiitable ¢ompany. The restricted fvjnds above are held for the following purposes: Blg Lottery Fund This fund was awarded for use in wnning a leadership prcgramme for disadvantsged younger people and specifically to fund leadership awards, tutor training and equipment Integrated Care Fund IICFI grant This grant. receNed from Swansea Bay Universty Health Board, is provided wrth the aim of providing wider ranging integrated supwrt for crtrzens with care or SUPFrf)rt needs. The aclivrties of the charity are focused l¢)wards those ¢ilriens with Demenlia through Ihe Swrting Memories groups, providing reminisnCe and physical ath'vity sessions as well as respite for family members. Schools Hub Officer The fund is in relab'on to the employment of a schoo15 Hub Officer whose role is to develop, deliver, and co-ordinate a programme of rugby activf(ies with the aim of increasing participation in rugby in schools and improving the general wellbeing and academic achievement of those involved. BT grant This grant was in relatK)n lo the "Tackte" project. Tackle aims to create the fiist fully collaborative community njgby activity & education pr¢>3ramnE in joint pathership across all four Welsh regions that delivers pathways to edutslion & opportunty through inspiratson of rugby with dedicated Staff to deliver. Millennium grant wheelchair This grant is in latiOn to the wheelchair rugby project The project's aim is lo fund taster sessions at local communty venues across 3 b)cal authorib"es_ The project is aimed at clUding 8 - 16 year old5 with physical and mental disabilities. Page 26 continued...
OSPREYS IN THE COMMUNrrY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022 18. MOVEMENT IN FUNDS- continued The employment grant was prov#Jed to assist in funding the recruitmenl and retaining of three new employees. Department ft>r Work and Pensions The funding was to be utilised to help create a partnership which aims to improve employment outcomes. or prospects of future employment for k)ng-tem unemployed individuals. PHW Mentsl Health This grant was provided to assist in the purpose of supporting mentsl heath and Well1n9. though online malerials. case siud*s and FIKJ casts. Klckstart An initiative to get people who are"NEEf back into WO funded by the Welsh Govemmenl. Bouncing back A mentsl health & wellbeing project for Childn. working with Action for chihjren, the funds recewed relate lo staff and Serv costs. Walklng Rugby A new initiative to SUPFXYt the ol)esity. diabetes issues within South Wales in males over 35. Funding is used lo set up new groups 2nd io provide health sfftning linked to the heath board and Swansea University research practitioners. Other restrlcted income The fund includes various smaller restricted grants and donations for a variety of purposes. 19. RELATED PAR DISCLOSURES During the year. the charity received income from and incuffed costs of £76,285 12021 - £123,000) and £33.947 12021 - £6,833) respedivety in relalK)n to Ospreys Rugby Limited. At the balance sheet date. an amount of £17,19512021 due to- £1.082) was due from Ospreys Rugby Limited. 20. FINANCIAL COMMITMENTS At the balance sheel date the charity had financial comrr4tsrEnts n respect of vehicle leasing of £13,200. 21. ULTIMATE CONTROLUNG PARTY The controlling paty is 0$pyS Rugby Limited. which was the sole subscriber and guarantor of the charity- The prinupal activity of Ospreys Rugby Limited 15 the OPeratn of a professional rugby regional team. together with associated aetivrties. The registered office address of Ospreys Rugby Limited is: swansea.com Stajium Landore, Swansea, SA12FA Page 27
OSPREYS IN THE COMMUNITY DETAILED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 30 JUNE 2022 2022 2021 INCOME AND ENDOWMENTS Donations and lega¢ies Donations 79,437 132.239 Other Irading activities Opefational incorne Sponsorship Toumaments. competitions and other events Other ineome Govemment grants 477 7,018 5,000 9,238 6,833 23,365 Sfj,671 69,618 126.766 51.454 Charitablg activities Grants 235.8S7 154,577 Total incoming reSoue$ 442.C60 338,270 EXPENDITURE Charitable actlvllies Wages Social secunty Pensions Rental and hire of facilities Events and ¢ompeb"IDns Training Rugby camps Monitoring and evaluab.on Other project costs Travel expenses Ambassador fee 226,958 10,411 3,616 8.371 5.832 192 6,829 5,322 61,807 17.121 163.975 6,117 2.464 2,325 393 606 3,405 17,471 5.751 346,459 242,507 Other Independent examinerfs fee Legal eostS IrcoVerable Vat 2,650 2.101 12.387 2,750 2.452 17,138 5,202 Support costs Management Telephone Advertising Carried foward 1.219 6,447 7,666 1.529 3.309 4.838 This page does not fom part ofthe statutory ffinanthal statements Page 28
OSPREYS IN THE COMMUNI DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 JUNE 2022 2022 2021 Management Brought foNard Sundr*s 7.666 1.073 4.838 8.739 5,868 Information technology Depreciab"on of tangible fixed assets 2,560 2.239 other Bad debts 8ank ¢harges 2,456 428 425 425 2.884 Total resources expended 372,321 258.700 Net incomg 69,739 79.570 This page does noi fom part of the statutory ffinancial statements Page 29