Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
Registered Charity Number: 1181268
## **SAFE MMA**
a Charitable Incorporated Organisation
## TRUSTEES’ REPORT AND
## FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2024
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **CONTENTS**
## FOR THE YEAR ENDED 31 March 2024
REFERENCE AND ADMINISTRATIVE INFORMATION ................................................................................................................................ 3 TRUSTEES' REPORT ............................................................................................................................................................................................ 4 INDEPENDENT EXAMINER'S REPORT ............................................................................................................................................................ 6 STATEMENT OF FINANCIAL ACTIVITIES...................................................................................................................................................... 7 BALANCE SHEET ................................................................................................................................................................................................ 8 NOTES TO THE FINANCIAL STATEMENTS ................................................................................................. **Error! Bookmark not defined.**
2
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 March 2024
**CHARITY REGISTRATION** 1181268 **NUMBER DATE OF REGISTRATION** 19th December 2018 **TRUSTEES** Marc Goddard Dr Jack Kreindler James Raiher **LEGAL STATUS** Charitable Incorporated Organisation **REGISTERED OFFICE** Units 3-4 42 Orchard Road LONDON N6 5TR **PRIMARY BANKERS** Triodos Bank Deanery Road Bristol BS1 5AS **INDEPENDENT EXAMINERS** Bowdon Accounting Services Bartle House Oxford Court Manchester M2 3WQ
3
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 March 2024
## **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.
with both domestic and international promotions and governing bodies to provide:
1. Centralised, third-party medical screening and record-keeping services, accessible to the public.
2. An independent medical advice and information service for athletes.
3. Access to a network of medical service 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 35 events:
## **DATE EVENT**
15/04/23 Cage Warriors 152 16/04/23 Alta Cork series 10 Finale 16/04/23 Premier FC 6 22/04/23 FCC 33 29/04/23 Cage Warriors 153: Dublin 06/05/23 Cage Warriors 154: Rome 10/06/23 Alta Dublin 10/06/23 Cage Warriors Academy South East 31 17/06/23 FCC 34 01/07/23 Cage Warriors 156 08/07/23 PFL Berlin 21/07/23 Cage Warriors 157 22/07/23 Premier FC 7 29/07/23 Cage Warriors 158 09/09/23 FCC 35 23/09/23 Bellator 299 29/09/23 Cage Warriors 160 30/09/23 Cage Legacy 19 07/10/23 Cage Warriors Academy South East 32 14/10/23 Cage Warriors 161 28/10/23 Cage Warriors 162 11/11/23 Cage Warriors 163 25/11/23 Cage Warriors 164 01/12/23 Premier MMA 02/12/23 Alta 08/12/23 PFL Dublin 09/12/23 Cage Warriors Academy South East 33 16/12/23 Cage Legacy: Rising Stars
4
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **TRUSTEES' REPORT**
## FOR THE YEAR ENDED 31 March 2024
16/12/23 FCC 36 17/02/24 Cage Legacy 20 09/03/24 FCC 37 15/03/24 Cage Warriors 167 16/03/24 Cage Warriors 168 24/03/24 Cage Legacy 21 30/03/24 Cage Warriors 169
The number and regional spread of events were impacted by a pause in the partnership with IMMAF in April 2023.
A new registration pathway for youth (U18) athletes competing with No Head Strikes was launched to better support the MMA community in Ireland.
## **Financial Review**
At the start of the reporting period, SAFE MMA held £15,957 in reserve. By the end of the reporting period, this had increased to £23,076.
Operating costs have been fully met, and registration fees have remained unchanged since the charity’s inception in 2012.
## **Reserves Policy**
It is the charity’s policy to hold reserves equivalent to at least three months of operating costs to protect against income drops or unforeseen expenses.
This goal has been achieved for the second consecutive year, allowing for potential investment in promoting the charity’s services and activities in the upcoming reporting year.
The principal sources of funding for the charity are:
1. registration and subscription fees
2. direct fees for medical clearance services
3. blood test service
4. late admin fees
5. integrity investigation fees
## **Trustees' Responsibilities**
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO of that period. In preparing those financial statements the trustees are required to:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
1/19/2025
Approved by the Trustees on …………………………………………………………………………………………………….
Signed on their behalf by Trustee ………………………………………………………………………………………………..
Printed Name: James Raiher
5
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **INDEPENDENT EXAMINER'S REPORT**
FOR THE YEAR ENDED 31 March 2024
## **Respective Responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act") and applicable law. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is required.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act 2011;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the 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 I do not express an audit opinion on the accounts.
## **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 2011; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011;
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.
Adeel Sahi FCCA
Bowdon Accounting Services Ltd Bartle House Oxford Court Manchester M2 3WQ
6
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **STATEMENT OF FINANCIAL ACTIVITIES**
## FOR THE YEAR ENDED 31 March 2024
|**Categories by activity**
**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total**
**Expenditure on:**
Charitable activities
6
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
**Total Funds 2024**
**£**
**Total Funds 2023**
**£**
8
8
-
61,338
61,338
68,425
85
85
19|
|---|---|
||**61,431**
**61,431**
**68,444**|
||54,312
54,312
64,858|
||**54,312**
**54,312**
**64,858**|
||**7,119**
**7,119**
**3,586**|
||**7,119**
**7,119**
**3,586**
15,957
15,957
12,371
**23,076**
**23,076**
**15,957**|
7
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **BALANCE SHEET**
## FOR THE YEAR ENDED 31 March 2024
|**Categories by activity**
**Notes**
Current assets
Cash at bank and in hand
13
**Total current assets**
Creditors: amounts falling due
within one year
14
**Net current assets/(liabilities)**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
21
Restricted income funds
21
Endowment funds
21
**Total funds**|**Unrestricted funds**
**£**
**Total Funds 2024**
**£**
**Total Funds 2023**
**£**
23,476
23,476
16,557
**23,476**
**23,476**
**16,557**
400
400
600
**23,076**
**23,076**
**15,957**|
|---|---|
||**23,076**
**23,076**
**15,957**|
||23,076
23,076
15,957
-
-
-
-
**23,076**
**23,076**
**15,957**|
1/19/2025
The financial statements were approved by the Board on ……….. and signed on its behalf by:
James Raiher Trustee
8
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **1 Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Income from donations or grants**
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal offer is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
## **1.4 Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **1.5 Contractual income and performance related grants**
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
## **1.6 Donated services and facilities**
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
## **1.7 Income from charitable activities**
Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
## **1.8 Investment income**
Dividends are included in the Statement of Financial Activities when they are declared at an amount which includes the tax credit recoverable from HM Revenue and Customs.
## **1.9 Investment gains and losses**
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **1.10 Expenditure**
9
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
## FOR THE YEAR ENDED 31 March 2024
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
## **1.11 Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **1.12 Fund accounting**
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
## **1.13 Tangible 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 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:
**Name Rate (%) Method** Fixtures, Fittings and Equipment 25 Straight Line Basis
We have to provide the above tabular form in the accounting policy screen to enter details manually and upon saving the data, it should appear in the report without headings.
## **1.14 Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
## **2 Income from Donations and Legacies**
**----- Start of picture text -----**
[Unrestricted ] Total funds Total funds
funds 2024 2023
Analysis
£ £ £
Donation and gifts 8 8 -
8 8 -
**----- End of picture text -----**
10
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **3 Income from Charitable Activities**
|**Analysis**
Administration Fees
Projects & Activities
Registration Fees
Subscription Fees
Test Services|**Unrestricted**
**funds**
**£**
960
2,069
17,660
29,537
11,112
61,338|**Total funds**
**2024**
**£**
960
2,069
17,660
29,537
11,112
61,338|**Total funds**
**2023**
**£**
5,380
2,336
15,902
23,952
20,855
68,425|
|---|---|---|---|
## **4 Income from Investments**
|**Analysis**
Interest income|**Unrestricted**
**funds**
**£**
85
85|**Total funds**
**2024**
**£**
85
85|**Total funds**
**2023**
**£**
19
19|
|---|---|---|---|
## **5 Expenditure on Charitable Activities**
|**Analysis**
Bank charges
Staff costs
Donations
IT Costs
Administrative Support Costs
Sundry Expenses
Meeting Costs
Testing Services
Support Costs|**Total funds**
**2024**
**£**
2,004
42,622
250
929
1,457
701
-
5,949
400
54,312|**Total funds**
**2023**
**£**
2,057
38,756
136
1,430
1,632
818
755
17,649
1,625
64,858|
|---|---|---|
11
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **6 Support Costs**
|**Analysis**
**Governance Costs**
Independent examiners fees
Legal & Professional Fees|**Total funds**
**2024**
**£**
400
-
**400**|**Total funds**
**2023**
**£**
600
1,025
**1,625**|
|---|---|---|
## **7 Details of certain Items of Expenditure**
**----- Start of picture text -----**
Analysis This year Last year
**----- End of picture text -----**
|**Analysis**|**This year**|**Last year**|
|---|---|---|
||||
|Independent Examination Fees|£400|£600|
## **8 Employee’s Emoluments**
## **8.1 Staff Costs**
**----- Start of picture text -----**
This year Last year
£ £
Salaries and wages 35,311 34,824
Employer's National Insurance Costs 5,306 2,150
Pension costs 2,005 1,782
Total staff costs 42,622 38,756
**----- End of picture text -----**
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
12
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **8.2 Average head count in the year**
**----- Start of picture text -----**
This year Last year
£ £
Fundraising
Charitable Activities 2 2
The parts of the charity in which the employees
Governance
work
Other
Total 2 2
**----- End of picture text -----**
## **9 Defined contribution Pension Scheme**
||**Thisyear**|**Lastyear**|
|---|---|---|
||**£**|**£**|
|Amount of contributions recognised in the SOFA as an expense|2,005|1,782|
## **10 Cash at bank and in hand**
|Cash at bank and on hand|**Total funds 2024**
**£**
23,476
23,476|**Total funds 2023**
**£**
16,557
16,557|
|---|---|---|
## **11 Creditors: Amounts falling due within one year**
|Independent Examiners Fees|**Total funds**
**2024**
**£**
400
400|**Total funds**
**2023**
**£**
600
600|
|---|---|---|
13
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **12 Charity funds**
## **12.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**
**Unrestricted**
**funds**
**Total**|**Fund balances**
**brought forward**
**Income Expenditure Transfers**
**Gains and**
**losses**
**Fund balances**
**carried forward**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|
||15,957
61,431
(54,312)
-
-
23,076
15,957
61,431
(54,312)
-
-
23,076|
## **12.2 Details of material funds held and movements during the PREVIOUS reporting period**
|**Fund names**
**Unrestricted**
**funds**
**Total**|**Fund balances**
**brought forward**
**Income Expenditure Transfers**
**Gains and**
**losses**
**Fund balances**
**carried forward**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|
||12,371
68,444
(64,858)
-
-
15,957
12,371
68,444
(64,858)
-
-
15,957|
## **13 Transactions with trustees and related parties**
## **13.1 Transaction(s) with 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
**SAFE MMA** Docusign Envelope ID: E22346C5-59DE-48B1-B849-D2262EC7761CDocusign Envelope ID: 8FB7BC81-F9D7-43E0-AAB6-0C68C0454997
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **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.
15