ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
SAFE MMA
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1181268
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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SAFE MMA
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 13 | Notes to the Financial Statements |
| Page 14 | Independent Examiner's Report |
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SAFE MMA
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
CHARITY NUMBER 1181268 DATE OF REGISTRATION 19th December 2018 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 TRUSTEES AT 31ST MARCH 2022 Marc Goddard Isobel Carnwath Dr Jack Kreindler LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 19th December 2018.
OBJECTS
For the public benefit the advancement of health and saving of lives of athletes taking part in the sport of mixed martial arts in particular but not exclusively by independent addressing competitor safety through the provision of medical screening and recordkeeping services which are available to the public and the provision of advice and information on medical conditions to athletes.
CORRESPONDENCE ADDRESS CHHP 76 Harley Street Marylebone London W1G 7HH PRIMARY BANKERS Triodos Bank Deanery Road Bristol BS1 5AS
INDEPENDENT EXAMINERS
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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SAFE MMA
(Charitable Incorporated Organisation)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST MARCH 2022
Objectives and Activities
For the public benefit the advancement of health and saving of lives of athletes taking part in the sport of mixed marital arts in particular but not exclusively by independently addressing competitor safety through the provision of medical screening and record- keeping services which are available to the public and the provision of advice and information on medical conditions to athletes.
Conceived in response to the lack of any regulation or medical standards for Mixed Martial Arts in the region, SAFE MMA works in partnership with both domestic and international promotions and governing bodies providing:
1 - Centralised, third-party medical screening and record-keeping services which are available to the public.
2 - An independent medical advice and information service to athletes.
3 - Access to a network of medical services providers offering competitive rates to athletes.
In exercising their duties with regards to the delivery of these provisions, the charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.
SAFE MMA relies on a group of doctors who volunteer their time and expertise to assist with the setting of standards, the screening of medical submissions, and the deliberation over questions encountered. The trustees are enormously grateful to each of these doctors.
Achievements and Performance
During this reporting period, numerous events were postponed or cancelled due to the COVID-19 pandemic.
There were though a significant increase from last year, at 28 events in 7 different counties – totalling 1757 athletes medically cleared.
Additionally, 2 new doctors joined the medical review panel, CTE education was added to the website, and a new interval neuropsychological assessment pathway was created to manage higher risk brain scan findings.
Financial Review
At the start of the reporting period SAFE MMA held £1,001 in reserve.
At the end of the reporting period SAFE MMA held £12,371 in reserve.
All operating costs have been met, and registration fees have not been increased since inception in 2012.
Reserves Policy
It is the charity’s policy to hold in reserve (if possible) at least 3 month’s operating costs to protect against drops in income or other unforeseen expenses. This has been achieved for the first time to date.
The principal sources of funding for the charity are:
-
1) registration and subscription fees
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2) direct fees for medical clearance services
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3) late admin fees
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4) blood test and brain scan service provisions
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5) donations
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SAFE MMA TRIJSTEES. REPORT IContinu•dl FOR ThE YEAR ENDED 31ST MARCH 2022 The Chantye5 Aci 2011 r8wir88 tA88s to 514orwts fry•x gi¥e a fr InJEtees ar8 rwLwed to.. LIllu¥ ¥1 financ olthe CK). TW gr8 a190 le9u¥1 c4ts CK) iakw ro98Mat49 steE6 fc¢ih& athl deled DffrJuO and Jan 16. 2023 Isobel Carnwath
SAFE MMA
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Charitable Activities 3b Investment Income 3c Other Incoming Resources 3d TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ 1,141 - 1,141 - 50,287 - 50,287 26,510 3 - 3 1 10,833 - 10,833 21,423 62,264 - 62,264 47,934 50,359 - 50,359 46,179 535 - 535 836 50,894 - 50,894 47,015 11,370 - 11,370 919 1,001 - 1,001 82 12,371 - 12,371 1,001 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 13 form part of these financial statements.
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SAFE MMA ICPorttth kncorpyaleé (Jg8ThsaIKI BALANCE SHEEr AS AT 31ST MARCH 2022 Fund 3l.Mar.22 31.Mir-21 Flx•¥ Alwts Trgle Assets Rx•d Aw•ts & Pr•payThents Cash ai Bank 8nd In Hand 1271 12,871 12,871 11171 4.8B5 3.884 14ETCURREF4T ASSEfs 12.371 12,371 i.CJi T07AL ASSETS IB ¢Lwr•rt IIAti 11371 10 on8> NET A88ETS Fund• trchaty (Anera Fun08 12.371 11371 1.001 Totsi Fund• 12.371 12,371 Jan 16, 2023 &"gn8d ¢h8w téhaWtyTrLth........................................................................................................................... Isobel Carnwath
SAFE MMA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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SAFE MMA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Straight Line Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2022 : None
31st March 2021 : None
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SAFE MMA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gifts & Donations b) Charitable Activities Administrative Fees Projects & Activities Registration Fees Subscriptions Fees Test Services c) Investment Income Interest d) Other Incoming Resources HMRC - Job Retention Scheme |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ 1,141 - 1,141 - 1,141 - 1,141 - 3,180 - 3,180 - 2,700 - 2,700 630 14,246 - 14,246 5,445 15,407 - 15,407 13,193 14,755 - 14,755 7,242 50,287 - 50,287 26,510 3 - 3 1 3 - 3 1 10,833 - 10,833 21,423 10,833 - 10,833 21,423 |
|---|---|
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SAFE MMA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
4. RESOURCES EXPENDED
| Note a) Cost of Charitable Activities Bank Charges Equipment Costs Gifts & Donations IT Costs Staff Costs Sundry Expenses Testing Services Website Costs ` b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ 1,418 - 1,418 777 - - - 1,569 250 - 250 - 617 - 617 864 39,051 - 39,051 35,885 198 - 198 - 8,825 - 8,825 6,084 - - - 1,000 50,359 - 50,359 46,179 500 - 500 405 35 - 35 431 535 - 535 836 |
|---|---|
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SAFE MMA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
5. RESTRICTED FUNDS
The CIO held no restricted fund during this or the previous financial period.
6. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 12,871 - 12,871 4,885 12,871 - 12,871 4,885 Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ - - - - - - - - |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees PAYE & NI Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 500 - 500 810 - - - 528 - - - 2,546 500 - 500 3,884 |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Net Current Assets Long Term Liabilities TOTAL FUNDS |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ - - - - 12,371 - 12,371 1,001 - - - - 12,371 - 12,371 1,001 |
|---|---|
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SAFE MMA
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
12. STAFF COSTS AND NUMBERS
| TOTAL 2021/22 £ Gross Wages and Salaries 34,883 Employer's National Insurance Costs 2,526 Pension Contributions 1,642 39,051 Employees who were engaged in each of the following activities: TOTAL 2021/22 Activities in furtherance of organisation's objects 2 |
TOTAL 2020/21 £ 31,679 2,532 1,674 35,885 TOTAL 2020/21 2 |
|---|---|
The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2020//21:None).
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake
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