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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1170744

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

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Contents of the Financial Statements for the year ended 31 March 2021

Page Report of the Trustees 1 to 13 Independent Examiner's Report 14 Statement of Financial Activities 15 Statement of Financial Position 16 Notes to the Financial Statements 17 to 21 Detailed Statement of Financial Activities 22 t 23 o

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Report of the Trustees for the year ended 31 March 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The primary objective of the charity is to run integrated Racket Sports, (STEM/Maths) Education and Nutrition programmes with the aims of improving the lives and aspirations of primary school children in areas of high disadvantage. COVID has magnified many of the challenges in the communities where we operate. We have responded to the local needs and developed a variety of delivery and community support platforms focused around our core three elements of Sports, Education and Nutrition.

For the core provision we partner "Aspirational Hosts" (e.g., Imperial, Roehampton and Hull Universities) with local primary schools of high "Income Deprivation" ratings. Staff at the programme schools have told us that many of their pupils face challenges around social inclusion, particularly low confidence, inability to attend extracurricular activities and difficulty communicating. Our programme has been built through ongoing consultation with our partner schools to ensure activities meet the needs of disadvantaged pupils, are different to what is being offered already, and complementary to the curriculum. In a typical London programme, we have 50+% children eligible for free school meals, 80% BME and c. 75% having English as a second language.

In addition to combining high quality physical activity with STEM teaching, and nutritional support, we are looking to impact multiple areas including

Public benefit

All our activities are dedicated to giving children from inner city London, Manchester, Birmingham, and Yorkshire the opportunity to fulfil their academic potential, improve their physical and mental health and to aim high in all aspects of their daily lives. The programme focuses on improving classroom achievement, learning a new sporting skill and being active.

We work primarily with vulnerable young people aged 7 -11 from some of the country's most disadvantaged areas (IDACI rated 0.2-0.5). The Schools select the children, given their detailed knowledge of needs and background, plus the anonymised data collection. Each programme is built around a strong partnership with a local school, with whom our contacts are at Headteacher, PE lead, and governor level. Our programmes often see a high proportion of participants to be from a BAME background, girls, be eligible for Pupil Premium, and speak English as an Additional Language.

The communities we work with often suffer from major isolation and integration challenges. They are "Islands" surrounded by wealth, but historically disconnected, with high inequality and low participation in sustained sporting or education paths. Young children growing up on the estates are deprived of opportunities to develop and flourish because of several common social, cultural, economic or physical barriers. Many estates are situated in boroughs where social deprivation is rife, poor physical health is prevalent, and where opportunities to develop confidence, learn new skills and engage positively with the wider community are severely hampered.

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Growing up in poverty has a significant detrimental impact on every area of a child's life, from health and well-being, to education and employment - severely limiting their opportunities and future life chances. However, in 10% of primary schools and 8% of secondary schools nationally, disadvantaged pupils are doing better than the national average for all pupils. This illustrates that it is possible to narrow the attainment gap and we believe enrichment through sport and education can play a crucial role in making this happen.

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Report of the Trustees for the year ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE Charitable activities

This year was a period of significant change and dynamic decision making as "on the ground" community needs evolved. COVID resulted in a significant increase in the need within the families / communities we support, whilst the delivery was complicated by the restrictions of the various national and local level lock downs. In response we reengineered our delivery model to continue, and actually expand, the support for the children and their young families, given widespread loss of family income and limited savings. We launched the Community Box (Nutrition, Education and Activity to the home), an In-school programme and helped develop a Community Week initiative. The following is a summary of the status of our current delivery programmes

Prior to launch we had reached out to the families to gauge interest. We immediately had 60 families asking for help, within a week 100, and quickly grew to support 300+ (across 6 or 7 schools) from our first hub in Wandsworth. By the second week it was clear that we had found a way to meet a large unmet need and Rackets Cubed then reached out to its partner schools in the other Cities. We launched over 10 more Community Box programmes over the following few weeks. We are currently providing essential Educational, Food, Personal Hygiene, and Activity supplies to approximately 1,000 young families (4 to 5,000 people) in 7 cities and 12 sites, form a peak of nearly 2,000 young families in the summer of 2020.

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Report of the Trustees for the year ended 31 March 2021

Rackets Cubed Programme Overview

We partner "Aspirational Hosts" (e.g. Imperial, Roehampton and Hull Universities) with local schools of high "Income Deprivation" ratings. The hosts provide access, court time and teaching infrastructure. Our model delivers weekly sessions focusing on combining

Each programme delivers one session per school week (for a total of approximately 30 sessions per year). Led by our experienced, sessional coaches and teachers, each session is about two-hours long, and features:

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Report of the Trustees for the year ended 31 March 2021

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Partnering Strategy - we have a Partner Driven Model

We seek to build long term relationships with all our partners, to increase scaling and sustainability. We have 3 main types of direct operating partners

  1. Hosting Partners - These are the Clubs, Universities, Sport Centre Operators and NGB sites. They provide the “Aspirational Element" and much of the support and infrastructure that the programmes need. Many of the sites do significant amounts of work with us around the design, running and improvement of the programmes. Many also are very important partners around the local funding we attract. Some of the highlights this year were

  2. Hosting Fundraising events e.g. Tennis and Squash days at the Roehampton club

  3. University led evaluation of the "Well Being" benefits for the partners

  4. Significant contribution in kind of infrastructure, resources and time (see next section)

  5. University, school and member volunteers to support the coaches and teachers

  6. Schools; the local schools select the children who participate and are integral to the running and development of all the programmes. We believe the schools have the closest and best knowledge around the needs of the children, and we ask the schools to select the children they feel will benefit most from the programme. The schools are not charged by the Charity, and the Charity does pay for the teacher's time, but it is still a significant commitment from the school to provide the staff on a regular basis after school. Several of the schools have also helped us construct and develop our Impact and Assessment Models. All the schools are in areas of high disadvantage, often with high levels of free school meals (50+%).

  7. National Governing Bodies and other Sporting Partners; We have strong relationships with the Sports' National Governing Bodies (e.g. LTA, Badminton England, Table Tennis England and England Squash) and the PSA World Tour that we can utilise to grow and develop these programmes. Ultimately, our ambition is to grow the number of sites and sessions taking place at each location and retain participants in Rackets Cubed activity. Our work currently with the NGBS has been particularly focused on

  8. Pathways for continued involvement in the sports post the programmes e.g. local park, club or municipal programmes

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Funding Partn• ?• A&E aihrnr• op REED'S Sportlng Pirtn•r4 A•PlrthlW￿ Hwtlfig & D•llv•ry P•rtn•r• Far¢Shr¢ ?•+¥ REED'S PSA uash Fitm¢di• GLL a4V Page 3

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Report of the Trustees for the year ended 31 March 2021

Partner's Contribution in Kind is Important and Significant

Many of our partners contribute significant resources free of charge to the programmes. The four most important ones to date are

In aggregate the non-cash contribution in kind is significant and is a sign of the large commitment given by many of our hosting partners. The Trustees estimate that for the 14 programmes just the court time (£25 x 2 courts x 2hours x 30 sessions per year) and the teaching room (£100 x 2 hours x30 sessions) the imputed annualised infrastructure contribution to be over £125,000. Any volunteer and food benefit would be in addition.

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Report of the Trustees for the year ended 31 March 2021

Evidence, Impact and Evaluation- Qualitative and Quantitative

Feedback from our provision has been extremely positive, with over 90% of participants stating the sessions made them happier, enabled them to try new sports and improved their maths performance. We have never had a programme drop and the average continual attendance remains high.

The local headteacher - told us "the Rackets Cubed formula of local, free provision in an aspirational setting has been transformational". Feedback from the Wandsworth programmes indicated:

In addition, we worked with Roehampton University and Fit Media (a leading UK Fitness Measurement consultancy) to undertake charity-wide impact reporting with a view to understanding the outcomes delivered through our work and areas for improvement. Two independent impact reports were written for academic year (2018 to 2019). The reports indicated the following

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Report of the Trustees for the year ended 31 March 2021

The Community Boxes - Essential Food, Activity and Education Supplies

We had planned to run a small "Community Pack / Help for Home" pilot post Easter 2020 in Wandsworth given the level of food deprivation. That had involved sitting down with the school, local food sources eg City Harvest, Magic Breakfast, Wandsworth Foodbank and Wandsworth Council. When the first COVID lock down started we looked to launch this pilot given the food supply challenges in the area. We checked with all the local partners and confirmed that there was no existing or planned provision. In response we started the Roehampton Community Box programme in partnership with Heathmere Primary School and Regenerate UK (a local charity). The Community Boxes provide weekly deliveries of;

Prior to launch we had reached out to the families to gauge interest. We immediately had 60 families asking for help, within a week 100, and quickly grew to support 300+ (across 6 or 7 schools) from that first Hub. By the second week it was clear that we had found a way to meet a large unmet need, and Rackets Cubed then reached out to its partner schools in the other Cities. We launched programmes over the following few weeks. We are now providing essential Educational, Food, Personal Hygiene, and Activity supplies "Community Boxes" to approximately 1,000 young families (4 to 5,000 people) in 7 cities and 12 sites.

All the communities are situated where social deprivation is rife, poor physical health is prevalent, and where opportunities to develop confidence, and learn new skills can be difficult. Most of the Communities have a significant number of Council tower Blocks. A sustained period of lockdown has been a massive challenge for these children and their families. The tower blocks add to the sense of overcrowding and vulnerabilities in the physical environment. There is also a feeling of "isolation" for many of the young people from their traditional networks i.e. schools, clubs, friends etc, have been closed, and many are experiencing considerable mental and physical distress from the environment.

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Report of the Trustees for the year ended 31 March 2021

Roehampton Community Week - October 2020 to June 2020 Planning.

The Community week was a new, community-led initiative for Roehampton and West Putney wards, which delivered a series of projects to improve the local area. The idea came from a number of community organisations and individuals, with Rackets Cubed taking responsibility around overall funding coordination, and supporting the health and activity elements of the week. We all agreed that this project should be:

In the end over 50 community groups were involved in delivering over 35 events leading up to and during the week itself. We worked closely with Wandsworth Council as a key partner across the whole project, and were supported by many of the key institutions in the area including, The University of Roehampton, Ibstock Place School, The AETLC, Wimbledon Foundation, The Roehampton Club, and the Roehampton Parish Trust. We were key drivers behind the refurbishment of the Alton Activity Centre (the main young family centre in the area) and the schools sports and activity days. A fuller write up will be included in next year's annual review.

The broader objectives are "enhancing Communal areas and improving the mental /physical health and well-being of the residents", however we are looking to impact multiple areas including

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*- Roehampton Communlty Page 8

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Report of the Trustees for the year ended 31 March 2021

Funding

This year saw a relatively large increase in the funding for the charity as we developed our Community Box - Emergency Response, and then the In School Delivery - COVID Recover programmes. Given the restrictions we were not able to run any normal fundraising events, however we continued our focus on developing longer term relationships with institutional funding. The Community Box and In school programmes attracted relatively significant interest from funders, and we would highlight the following

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Report of the Trustees for the year ended 31 March 2021

FINANCIAL REVIEW

Principal funding sources

The charity's principle sources of funding are grants, donations and fundraising events.

Investment policy and objectives

The assets of the charity are held in liquid form to ensure the continuity of its operations.

Reserves policy

The trustees are confident that the operation of the charity can successfully continue by relying on fundraising, donations and contributions generated from the squash and tennis events.

There has been no change in financial risk profile; we seek to have 12 months of operating costs covered by Cash reserves and fully committed financing.

Budgeting and Financial Planning

We are normally able to project our direct programme costs in a given year very accurately as we know the hours and rates for the year.

However, this year was very different given COVID and we very much operated on a quarter by quarter basis, adjusting to the needs as the pandemic spread and worsened. The continued opening and closing of facilities across the country, along we the second and third lock downs, has made medium and longterm planning difficult. We expect that this will remain the case for the remainder of 2021 and likely into winter of 2022. We believe we have developed a strong capability of operating in periods of uncertainty and dynamic change, which is supported by our flexible cost base. We are not looking to add structural fixed costs eg office space for the foreseeable future. This allows us to adjust our costs quickly and we will continue to assess with our Trustees on a quarterly basis.

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Report of the Trustees for the year ended 31 March 2021

FUTURE PLANS AND THE COVID RECOVERY PHASE

We anticipate a continued period of high uncertainty and dynamic change, especially with the furloughing schemes coming to an end, and the genuine possibility of new variants of concern / further waves during the 2021 / 2022 winter months. It is very hard to predict exactly how that will impact these communities with respect to health and their employment opportunities.

Covid permitting, it is our intention to continue with both the Community Box and 'in school' delivery programmes, whilst planning the return to the Rackets Cubed core delivery model, most likely at the start of the new academic year. This will be a phased process, with public leisure centres, and Universities, in particular, not fully open until later in the year.

Community Box; In all scenarios we (and most of our partners) expect that the level of demand for the Community Boxes will remain elevated, and we will likely have to be flexible with respect to the quantities. We anticipate we will have peaks and troughs, and probably on a localised level e.g. it is possible an individual city has a COVID outbreak, but it gets contained there, without impacting the other programmes

We are currently working with all our partners, and in particular the Elliot Foundation where we currently operate 7 Hubs, supporting several schools from each hub, about the best way to continue the programmes. We are currently planning for all to run until the summer of 2022, when we will then assess the level of need.

Rackets Cubed Adapted "Recovery" Model; It is clear from the impact work that there is need to get the children back to structured activity, and the schools are keen to promote that. We continued the inschool programme in the summer of 2021 term and expanded the number of schools. Once it is perceived to be safe, we will then in a phased manner transition from in-school back into the tradition "aspirational host site" run programme. The elegance here is that we can run the programmes in either format until it is safe to return to the pre COVID operations.

We are planning for a full resumption of Rackets Cubed programmes from September 2021, with a number of additional pilots, resulting in 15+ programmes in delivery by the end of 2021, rising to 40/50 in 2022. It is still our intention to expand the pipeline with a view to delivering 150 programmes in 75 - 100 sites in 25+ cities across the UK by 2024, supporting over 4000 children. The opportunities and level of interest in expanding the Rackets Cubed programme is considerable, but delivering our vision is closely linked to the support which we receive from our major funders, whose focus has been primarily on responding to the Covid emergency. There is a need now to start refocusing on facilitating 'return to play', given the extent to which many children have suffered physically and mentally during the last year, and giving more priority to physical literacy in schools

We are currently looking at expanding outside of England and hope to launch pilots in Scotland and Wales over the next 12 to 18 months.

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Report of the Trustees for the year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The trustees are appointed by ordinary resolution of the members.

The necessary business skills and knowledge of educational, rackets sports and nutritional matters are well represented on the board of trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have reviewed the risks inherent with the charity and consider these have been resolved or mitigated as far as possible to assure the future of the charity. In common with many charities the charity relies on donations and fund-raising events for its funding. The charity will not embark on projects that will absorb its reserves without due consideration and approval by the trustees.

Appointment of Executive Officers

We have a team of 5 part time employees, who work various days a week. Most work 2 days a week at the moment. Current defined roles are:

Geoff Newton - CEO of Rackets Cubed Nikki Rossner - Programme Director Education and CEO of the Community Box Programme Johanna Oldroyd - Chief Administration Officer - Appointed May 1st, 2020 Carrie Ramsey - Programme Director Mark Bullock - Programme Director

Safeguarding

We have a Safeguarding Policy that is reviewed once a year. The staff and volunteers who deliver the programmes are all subject to their individual organisations Safeguarding Policy and Training requirements and all of these are overseen by OFSTED and shared with Rackets Cubed prior to delivery. Rackets Cubed has a named Designated Safeguarding Lead who delivers all of Rackets Cubed Safeguarding Policy, Training and Support.

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Report of the Trustees for the year ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Thorne Lancaster Parker Chartered Accountants 4th Floor Venture House 27-29 Glasshouse Street London W1B 5DF

Registered Charity number

1170744

Principal address

17 Castello Avenue London SW15 6EA

Trustees M Hill Chairman of the Trustees C O'Driscoll Mrs S White R Ford M Holland Mrs A Jacobs B L Walker K Bartram (appointed 17.12.19) E Lewis (appointed 04.05.20) A Keothavong (appointed 17.09.20) S Forster (appointed 17.09.20)

Independent Examiner

Thorne Lancaster Parker Chartered Accountants 4th Floor Venture House 27-29 Glasshouse Street London W1B 5DF

COMMENCEMENT OF ACTIVITIES

The charity was incorporated on 14 December 2016, and commenced activities on 14 December 2016.

Approved by order of the board of trustees on 5[th] November 2021 and signed on its behalf by:

................................................................................... M Hill - Trustee

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Independent Examiner's Report to the Trustees of Rackets Cubed

Independent examiner's report to the trustees of Rackets Cubed

I report to the charity trustees on my examination of the accounts of Rackets Cubed (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Christopher Kay Thorne Lancaster Parker Chartered Accountants 4th Floor Venture House 27-29 Glasshouse Street London W1B 5DF

Date: 5th November 2021

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Statement of Financial Activities for the year ended 31 March 2021

2021 2020
Unrestricted
Restricted Total Total
fund
fund		 funds funds
Notes £
£		 £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 167,571 - 167,571 101,801
Other trading activities 2 40,197 - 40,197 12,031
Total 207,768 - 207,768 113,832
EXPENDITURE ON
Event Hosting Costs 79 - 79 2,953
Charitable activities
Tennis Coaching 6,290 - 6,290 7,615
Squash Coaching 839 - 839 9,070
Teachers - - - 15,393
Food and Nutrition 93,193 - 93,193 1,778
Sportswear and Medals 15,080 - 15,080 1,496
Marketing and Advertising 216 - 216 744
Impact and Evaluation 5,295 - 5,295 3,764
Accountancy costs 2,267 - 2,267 900
Program delivery and Organisation 43,168 - 43,168 15,069
Central Administration & Organisation 20,000 - 20,000 3,270
Insurance 577 - 577 -
Repairs & renewals 672 - 672 -

Other 1,907

1,907

Total 189,583

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NET INCOME
18,185
-
18,185
51,780
Transfers between funds
7
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
108,331
-
108,331
56,551		 (30,000)
(11,815)		 30,000
30,000		 -
18,185		 -
51,780

TOTAL FUNDS CARRIED FORWARD

96,516 30,000 126,516 108,331

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Statement of Financial Position 31 March 2021

Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Debtors
5
1,271
30,000
Cash at bank
96,781
-
98,052
30,000		 2021
2020
Total
Total
funds
funds
£
£
31,271
60,000
96,781
49,231
128,052 109,231

CREDITORS

Amounts falling due within one year 6 (1,536)

NET CURRENT ASSETS

96,516 30,000 126,516 108,331

TOTAL ASSETS LESS CURRENT LIABILITIES

96,516 30,000 126,516 108,331

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NET ASSETS

96,516 30,000 126,516 108,331

FUNDS

7

Unrestricted funds 96,516 108,331 Restricted funds 30,000 -

TOTAL FUNDS

126,516 108,331

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The financial statements were approved by the Board of Trustees and authorised for issue on 5[th] November 2021 and were signed on its behalf by:

............................................. M Hill - Trustee

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Notes to the Financial Statements for the year ended 31 March 2021

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1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.

OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2021 2020
£ £
Tennis event - 12,031
Sales costs 40,197 -
40,197 12,031

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Notes to the Financial Statements - continued for the year ended 31 March 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31 MARCH 2020

Unrestricted

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Total
EXPENDITURE ON
Event Hosting Costs
Charitable activities		 Restricted
Total
fund
fund
funds
£
£
£
26,801
75,000
101,801
12,031
-
12,031
38,832
75,000
113,832
2,953
-
2,953

Tennis Coaching 7,615

7,615

Squash Coaching 9,070

9,070

Teachers 15,393

15,393

Food and Nutrition 1,778

Sportswear and Medals 1,496

1,496

Marketing and Advertising 744

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744

Impact and Evaluation 3,764 - 3,764 Accountancy costs 900 - 900

Program delivery and Organisation

15,069

15,069 Central Administration & Organisation 3,270 - 3,270

Total 62,052 - 62,052

NET INCOME/(EXPENDITURE)

(23,220) 75,000 51,780 Transfers between funds 75,000 (75,000) - Net movement in funds 51,780 - 51,780

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RECONCILIATION OF FUNDS - Total funds brought forward 56,551 56,551

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Notes to the Financial Statements - continued for the year ended 31 March 2021

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 108,331 - 108,331
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other debtors 1,271 -
London Marathon Charitable Trust 30,000 60,000
31,271 60,000
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Taxation and social security 306 -
Other creditors 1,230 900
1,536 900
7. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
£ £ £ £
Unrestricted funds
General fund 108,331 18,185 (30,000) 96,516
Restricted funds

General fund

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TOTAL FUNDS 108,331 18,185 - 126,516

Net movement in funds, included in the above are as follows:

Incoming Resources Movement resources expended in funds £ £ £

Unrestricted funds

General fund 207,768 (189,583) 18,185

TOTAL FUNDS

207,768 (189,583) 18,185

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Notes to the Financial Statements - continued for the year ended 31 March 2021

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.20
£ £ £ £
Unrestricted funds
General fund 56,551 (23,220) 75,000 108,331
Restricted funds

General fund - 75,000 (75,000) -

TOTAL FUNDS

56,551 51,780 - 108,331

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 38,832 (62,052) (23,220)

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Restricted funds

General fund 75,000 -

75,000

TOTAL FUNDS

113,832 (62,052) 51,780

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.21
£ £ £ £
Unrestricted funds
General fund 56,551 (5,035) 45,000 96,516
Restricted funds

General fund

75,000 (45,000) 30,000

TOTAL FUNDS

56,551 69,965

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Notes to the Financial Statements - continued for the year ended 31 March 2021

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 246,600 (251,635) (5,035)
Restricted funds

General fund 75,000 - 75,000

TOTAL FUNDS

321,600 (251,635) 69,965

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

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Detailed Statement of Financial Activities for the year ended 31 March 2021

2021 2020
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Direct donations 37,133 2,651
Corporate donations 25,000 2,000
Grants 100,438 85,150
Trustee donations 5,000 12,000
167,571 101,801
Other trading activities
Tennis event
-
12,031
Sales costs
40,197
-
40,197 12,031
Total incoming resources
207,768
113,832
EXPENDITURE
Other trading activities
Events hosting costs 79 2,953
Charitable activities
Tennis coaching 6,290 7,615
Squash coaching 839 9,070
Teachers - 15,393
Program delivery and Organisation 43,168 15,069
Food and Nutrition 93,193 1,778
Sportswear and Medals 15,080 1,496
158,570 50,421
Other
Pensions 450 -
Sundries 1,457 -

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1,907

Support costs Management

Impact and Evaluation 5,295 3,764 Central Administration & Organisation 20,000 3,270 Carried forward 25,295 7,034

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RACKETS CUBED

Detailed Statement of Financial Activities for the year ended 31 March 2021

2021 2020
£ £
Management
Brought forward 25,295 7,034
Marketing and Advertising 216 744
25,511 7,778
Information technology
Insurance 577 -
Repairs and renewals 672 -
1,249
Governance costs
Accountancy and legal fees 2,267 900
Total resources expended 189,583 62,052
Net income 18,185 51,780

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