## **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
1
## **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|
2
## **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
3
## **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
- 2) direct fees for medical clearance services
- 3) late admin fees
- 4) blood test and brain scan service provisions
- 5) donations
4
SAFE MMA
TRIJSTEES. REPORT IContinu•dl
FOR ThE YEAR ENDED 31ST MARCH 2022
The Chantye5 Aci 2011 r8wir88 t*A88s to 514orwts fry•x* gi¥e a fr
InJEtees ar8 rwLwed to..
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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.
6
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.C*Ji
T07AL ASSETS I*B* ¢Lwr•rt II*Ati
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.
8
## **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
9
## **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**|
|---|---|
10
## **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**|
|---|---|
11
## **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**|
|---|---|
12
## **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
13
SAFE MMA
IChwstaJJe Incorporated Organisaticffll
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
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on ou¢Yt, and ¢onooguontly rto opinion IB givon rb• to %thothor •Kount• pr••Mt • 'iYu• and hlr, •fvd th• r•p¢rt l•
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of the Charille¥ Act
have nol teen met: or
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rexhed.
K. Collaku MAAT
Castle View Accountsng Ltd
New Barn
Mudberry LAne
Bosham
Chichester
West Sussex
P018 8TS
8th Januwy 2023
14