## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023** ## **SAFE MMA** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1181268** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **SAFE MMA** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Pages 4 to 6|Trustees' Report| |Page 7|Statement of Financial Activities| |Page 8|Balance Sheet| |Pages 9 to 14|Notes to the Financial Statements| |Page 15|Independent Examiner's Report| 2 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1181268 **DATE OF REGISTRATION** 19th December 2018 **START OF FINANCIAL YEAR** 1st April 2022 **END OF FINANCIAL YEAR** 31st March 2023 **TRUSTEES AT 31ST MARCH 2023** Marc Goddard Dr Jack Kreindler James Raiher (Appointed 22nd November 2022) **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** Units 3-4 42 Orchard Road London N6 5TR **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 2023** ## **Objectives and Activities** 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 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, the Charity medically pre-cleared a total of 2459 competitors across 44 events in 11 countries. In doing so, the Charity welcomed 6 new organisations: Éire FC Full Contact Contender IMMAA MMA Cork Premier FC Professional Fighters League |**EVENT**|**DATE**|**Mark**|**Participants**|**Country**| |---|---|---|---|---| |Cage Warriors 135|01/04/2022|3|26|England| |Cage Warriors 136|02/04/2022|3|28|England| |Cage Legacy 15|09/04/2022|5|36|Ireland| |2022 IMMAF Africa Championships|28/04/2022|1|47|South Africa| |Irish Youth National MMA Championships 2022|08/05/2022|5|56|Northern Ireland| |Bellator 281|13/05/2022|3|26|England| |Cage Warriors 137|27/05/2022|3|12|England| |Cage Warriors 138|28/05/2022|3|10|England| |Cage Legacy 16|10/06/2022|5|22|Ireland| |2022 IMMAF Pan American Championships|22/06/2022|1|68|Mexico| |Cage Warriors 140|25/06/2022|3|18|Northern Ireland| |Premier FC 2|02/07/2022|5|18|Ireland| |2022 IMMAF Oceania Championships|08/07/2022|1|42|Australia| |Cage Warriors Academy SE 28|16/07/2022|1|4|England| |Cage Warriors 141|22/07/2022|3|24|England| |Alta Dublin|06/08/2022|5|53|Ireland| |Cage Warriors 142|13/08/2022|3|18|Wales| |2022 IMMAF Youth World Championships|17/08/2022|1|486|Abu Dhabi| |Alta Cork|21/08/2022|5|12|Ireland| |Premier FC 3|27/08/2022|5|30|Ireland| 4 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023** |**EVENT**|**DATE**|**Mark**|**Participants**|**Country**| |---|---|---|---|---| |Bellator 285|23/09/2022|5|26|Ireland| |2022 IMMAF European Championships|27/09/2022|1|267|Italy| |Cage Legacy 17|30/09/2022|5|24|Ireland| |Cage Warriors 144|07/10/2022|3|18|Italy| |Cage Warriors Academy SE 29|08/10/2022|3|4|England| |MMA Cork|15/10/2022|5|10|Ireland| |2022 IMMAF Asian Championships|17/10/2022|1|164|Tajikistan| |Cage Warriors 145|04/11/2022|3|20|England| |Cage Warriors 146|12/11/2022|3|30|England| |Cage Warriors 147|20/11/2022|3|18|England| |Éire FC 1|02/12/2022|5|8|Ireland| |Cage Legacy 18|04/12/2022|5|32|Ireland| |Alta Dublin|10/12/2022|5|54|Ireland| |Cage Warriors Academy SE 30|10/12/2022|1|6|England| |Premier FC 4|10/12/2022|5|22|Ireland| |FCC 32|17/12/2022|1|14|England| |Cage Warriors 148|31/12/2022|3|24|England| |Premier FC 5|27/01/2023|5|26|Ireland| |2022 IMMAF World Championships|17/02/2023|1|462|Serbia| |Bellator 291|25/02/2023|5|36|Ireland| |Cage Warriors 150|17/03/2023|3|20|England| |Cage Warriors 151|24/03/2023|3|22|England| |Irish National MMA Championships 2023|25/03/2023|5|94|Ireland| |PFL Newcastle|25/03/2023|1.5|22|England| ## **Financial Review** At the start of the reporting period SAFE MMA held £12,371 in reserve. At the end of the reporting period SAFE MMA held £15,957 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** ) Integrity investigation fees - **5** ) Blood test and brain scan service provisions 5 SAFE MMA {CharitatAe Incorporated (kganisationl TRUSTEES. REPORT IContlnued} FOR THE YEAR ENDED 31ST MARCH 2023 Tru$tees' R¢spon$lbllltl•s The Charities Act 2011 requires the trustees to prepare financwl statements for each financiql year which give a true and fair of the stste of affairs of the CIO and of the surplus ol the CIO for that FeriLNY. In weparing thL%e financK91 statements the trustees are required to.. Sekct suitable accountiry aTrY appty t￿rn c￿sistentty Make judgernents eslimales that are reasonai* arKI prudent Prepare financwl 5ts1ernents on the Cc￿ceM bay5 unth it 15 inapprov￿e to presume that tIE CIO will continLE in existen￿. The tru$tees art reSp￿sIl￿e lor keepirvJ proper ac¢cyJntirKJ recL¥ds. wh¢h dis¢k)se wrth reasonalAe accuracy at any time the flnancial Fy)sit¥)n of the CIO. They are also resk￿$1￿& for safeguarding tl* assets of tl* CIO arKI hence for takiNJ reaSona￿e Steps for the weventbn and deteCt￿n olfraud arn1 Ot￿r iwularit*& Apsyoved by Trustees on ................................. Signed on their b8haW by Trust88 ........................... ........ Prlntecl Name.. James Raiher ## **SAFE MMA** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023** |**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
**2022/23**
**2021/22**
£
£
£
£
-
-
-
1,141
68,424
-
68,424
50,287
19
-
19
3
-
-
-
10,833
**68,444**
**-**
**68,444**
**62,264**
63,232
-
63,232
50,359
1,625
-
1,625
535
**64,857**
**-**
**64,857**
**50,894**
**3,586**
**-**
**3,586**
**11,370**
12,371
-
12,371
1,001
**15,957**
**-**
**15,957**
**12,371**| |---|---| 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 9 to 14 form part of these financial statements. 7 SAFE MMA {CharitatAe Incorporated (kganisationl BALANCE SHEET AS AT 31ST MARCH 2023 UnrestriL*ed Restricted Funds Funds Totsl 31.Mar-23 Totzl 31.Mar-22 Flxod A558ts Tangible Assets Investments Total Flx•J Assats Current Assets Debtor5 & Prepayments Cash at Bank arKJ in Hand Total Current A558ts 16.557 16,557 16.557 16,557 12.871 12,871 Cr•dltorn'. Amounts lal4NJ due wtthln 0￿ NET CURRENT ASSETS 15,957 15,957 12,371 TOTAL ASSETS current Ilabiltkns 15,957 15,957 12,371 Crodltor•.' Amounts lalllThJ due Sn mre than one year 10 NET ASSETS 15.957 15.957 12.371 Funds of the Charlty General Fund5 Restricted Funds 15.957 15,957 12,371 Total Fund• 15,957 15,957 12,371 17th January 2023 ApFKoved by the Trust8e8 on ................................................................................................................................. Signed on their b8h8W by Trust88 ...................................... Printed Name.. James Raiher ## **SAFE MMA** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023** ## **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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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. 9 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** ## **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 2023 : None 31st March 2022 : None 10 ## **SAFE MMA** (Charitable Incorporated Organisation) **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** ## **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
**2022/23**
**2021/22**
£
£
£
£
-
-
-
1,141
**-**
**-**
**-**
**1,141**
5,380
-
5,380
3,180
2,336
-
2,336
2,700
15,902
-
15,902
14,246
23,952
-
23,952
15,407
20,855
-
20,855
14,755
**68,424**
**-**
**68,424**
**50,287**
19
-
19
3
**19**
**-**
**19**
**3**
-
-
-
10,833
**-**
**-**
**-**
**10,833**| |---|---| 11 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** ## **4. RESOURCES EXPENDED** |**Note**
**a) Cost of Charitable Activities**
Administrative Support Costs
Bank Charges
Gifts & Donations
IT Costs
Staff Costs
Sundry Expenses
Meeting Costs
Testing Services|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
1,632
-
1,632
-
2,057
-
2,057
1,418
136
-
136
250
1,430
-
1,430
617
38,756
-
38,756
39,051
818
-
818
198
755
-
755
-
17,649
-
17,649
8,825
**63,232**
**-**
**63,232**
**50,359**| |---|---| |`
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|600
-
600
500
1,025
-
1,025
35
**1,625**
**-**
**1,625**
**535**| |---|---| 12 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** ## **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** ||Unrestricted|Restricted|**Total**
**Total**| |---|---|---|---| ||Fund|Fund|**31-Mar-23**
**31-Mar-22**| ||£|£|**£**
**£**| |Cash at Bank & in Hand|16,557||-
16,557
12,871| ||**16,557**||**-**
**16,557**
**12,871**| |**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Fund
£
-|Restricted
Fund
£|**Total**
**Total**
**31-Mar-23**
**31-Mar-22**
**£**
**£**
-
-
-| ||**-**||**-**
**-**
**-**| |**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Fund
£
600|Restricted
Fund
£|**Total**
**Total**
**31-Mar-23**
**31-Mar-22**
**£**
**£**
-
600
500| ||**600**||**-**
**600**
**500**| ## **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-23**
**31-Mar-22**
£
£
£
£
-
-
-
-
15,957
-
15,957
12,371
-
-
-
-
**15,957**
**-**
**15,957**
**12,371**| |---|---| 13 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2022/23**
**£**
Gross Wages and Salaries
34,824
Employer's National Insurance Costs
2,150
Pension Contributions
1,782
**38,756**
Employees who were engaged in each of the following activities:
**TOTAL**
**2022/23**
Activities in furtherance of organisation's objects
**2**|**TOTAL**
**2021/22**
**£**
34,883
2,526
1,642
**39,051**
**TOTAL**
**2021/22**
**2**| |---|---| The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2021//22: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 14 ## **SAFE MMA** (Charitable Incorporated Organisation) ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees/ members of Safe MMA on the accounts for the year ended 31st March 2023 set out on pages 7 to 14. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS Date: 19th January 2024 15