ny traIn nurnber. 11365387 Clwrfty wislratlon numbor 1183DOS London Irish Foundation IM Y8Ar ETrJod 30 2022 Pnbrer¥ 130 Shafte$tAvenu? W1DSAR
LONDON IRISH FOUNDATION Cort•nts 2k>6 8tr>9 10 111J21
LONDON IRISH FOUNDATION R•feronce and Admlnlstratlve D•tsi1g Ch•vrnJn P Lennon J W Br(y•mlee TOiD AAII Charlty R•gIs1lon Nuffllb 1183005 Compary R•gl•lr¥kn NuMI)•r 11365387 Sunbury4)N-Th•n TW16 61x1 W1DUR
LONDON IRISH FOUNDATION Trn$tee$' Report The trustees. are d¥ectors foi th• puws of cChY law. pnI the annual ttyJetlT hith the financial siatemgrts ofthe chaTrtaNe c<xrwany lor Ihe year ended 30 June 2021 ObJ•¢ll¥ a¢tivllls Thè FOda1 is wm of LoTh)n Irish Rugby Foolbal Chjb ILIRFCI 11¥0[$ woiocts thal use the power of sport to make a lastp)g and sustsinablè W for sp)rt aThJ educatn acr055 the communities il In it5 Ihrd yw as a re19d charity. the Foundalbx cithued lo work dirgdly ¢ommurtty-based OTyani5ation5 such &5 kxal aLJthrKiis. counuls. bJsinesses, sthcth. h)vsing sh•lt•rs and hkevnNndeLI ¢an1, to identify local issues and noeds and deve and dglNw cryThnunityd proftcts that address thom. TheTE arg fow key th 51rands al • ccrfe (rf th• activit. nJgy thveloprt •thJcation, CoMrwrty engagement and industhb, al of whth are by o w Of core valuès.. lamity, IKNnfrlromorne, open to am Mith njgby a¢ ts hewt. During the yeow the FndalK c4)nlviu8d to of prograrnmes that fu1fi18d ts PLWPW. Given ¢he backwouThJ of conb.wng CovvJ-19 p3ndeffK pr8CW.onS, slaff had to bè and adaplabla. Wh8nebw p05sblfr face-kn d8fNery was a prM?rity anil a Sn9th as slaff delivered ervjaging and IrU$e s¢ssIMs lherir to C(Trml rule5 and restricts. The cdlaboration Premiership RbY had the contir¥Je to lake responsibilty Ihe svcrsslul PN4ecl Rugby and HITZ progwrnes that in¢hKled locu5 numtracy, lood ¥#1 nutri11 8ducation'. wder healh and wollbery outcotne5. rnent heafth wnwovemert. prc4Jrammès also provKled opportuniD"e5 for SOLial change IndlI¥j 8rnpknyatl thlls Ung peoF40 nol in ow01 or edu¢ath)n INEETI.. rffovithng accas5ibFe Opportu¢5 to be ij9ve To$S èbw. 98ThJw. and wace 1h incffjased parttrTrpthn fof. Black. Asian and Minriti•s Ethnic IBA) tt¥nrn1S. young Irom by souo4commK backwounds. an(1 lor pecwe wrth thsabilities. Th8 season of Premfjersl•p 'ChawLW' 4)p to b• 8Th)thw surLe55 the FouNlairon as it recruiled wrwe lea(knrs to use the app. Designed by Igaclws le. th¢ app dehvets an educalion programmt deswJn8d ar01 thg Natyonal Cumoknm. "Fit and F8d" cwnps for chldren frun underymde9ed baCk9rwlS wwe sUCc•ssfiA delrywed during the maln school hclhyB in Ihe Surrey area. The camps ¢¢?e phyg¢a activty sessths Vith lessons on the importthn of a heIhY lifestyle alwJ Ihs Fyovfyon olfre• nutrrfTh m?aLs daity. While galating iscreticffiary was dthult, Foundab"on VAS able Io ¢¢tinL its valued "B•at tho Str4¢t" wogrammo that helps hcthejess peoplè in Ihè Bortgh$ of Sp8llhoma and Elrnbri¢Js8. By biinging stabilty into the INes ol those in¥rlved. in the prrKess con1the and wntmVYTrg skiHs, Teat. COned lo tr$fOl P1¢1paNIs. for th¢ bgttor. Wukmg ITh Un10n wilh the Metrcp)ltsn Pce. Ihe Firfmdaiw wa$ able to Wilinug •n iniliati¥p begun in 2020121 that was dwned to help yThJw peopse in the north Kvnsmgkn awa of the caprtal. Usirg ru9by as Ihe catalyst, the Found&on and Pd¢e suCc•ssnY repeate¢J a p9rd that thed with yuung rTth 51LKJent5 al Ken5iryton AJdridgE Acadeffly. 12 week prwamme erwjaged ywr9 rnales at risk ol exdusion, eMpkJilaiKJn and crimè. Paflicipants took part in nwby aciMb88 coackn8d by FoJndatk)n staff Kletropolilan Pdice offi¢ers. In addibon to rugby trnin9. the )Jltell worlslws upd&kng Ihe young 0p.$ kno¥98 on a range of issu8s indudin9 Stop search. CO Ir•s. •ypbJtakn knrf• cvim8. Pagg 2
LONDON IRISH FOUNDATION Trusttts. Report [rIng the year the FouThJatKn laurKW ihe LIFE (Lormltffi Irish for Every) proj8cI 15 aim•J at thè n$t wArrable. Igss active and Ih)se at risk of isdabon in ow Comrrwnrf over 60. Ses%ons held in cornmunty day centres and PiKnts enpyed exwuse foubrtes. w&k and lafK Ses$s. binwl and quizzes aThJ Meet9$ London Irish players. Gwon Ihe nalure of its and target audw¢gs, the FourJalion maje consW arKJ pers9n¢ eff¢)rts lo were applied thry. JI the Foundation's ar aval4• on its TAbsrte. The fvndin9 01 th8 maM)r proiera5 underlaken was 5ati%lackny Ihroughcojl th8 y&ar. The key perforrn•nte indicators IKPlsl set by the Various wlab(K8lS wwe achwd WKI th8 rebatad payrrents received. The FouThJotion's tract wih Oak5 cCy. the fourwjal.on 8nd trusl financ• sourciry ag8nGy. qndod and Wes nol renewed. The Found8tKffj's eflryls to buld rdiatdo of dscrelM)nary filS crrtinued tl sup[rt of o threcty contract811 consthtaAi Amon9 the hJhts was Iho 58leciKn of the Found8iK)n as on8 of thg ¢haribes to bèner Irom John Abare. Pre5hJent ol R1thlld Golf Club's year in olke. ttmg resulled n a th)natiDn 01 £30.DOO. Tho aJty to claim Grft AKI on ts (lonatrons provided a )ylhvkni rtlum. i assoaate company, LoThYon Irish Fcthdalion Limrted. e$ts enter SForwrshy agr68ments on ¢cnMeI& tern vAth inlerestsd ParIn TIMS ¢ompany 15 effectivety contrDled by the FOUn(laOn arKI has covenwtsd to remit all of ils to IL Publlc b•n•fft The Trustees have fdtoweJ Ihe guKlanc• char Commi8siLm regard to pubk b8nefrt arfsing from Ihe a¢tiviis (JJe Foundati ufthrtake. obiedNes and airns of Ihe Foundabon e Cove in more detr4"1 in this vetK¥L The FouThJ8bon PTovle5 11$ 8uTh¢xThJin9 Commune$ wrth a r8rvJe of fr•t and allordabsè appunI•s t panicipate in sport. leigJre and edutation. prorMtir¥J Ilusn and OFvthThty for all 4¥ho wish to lake part. The trusl¢es nfrn Ihat they ha¥e Curd wih the requivem8nts o15•ckn 17 01 the charrtios Acl 2011 to have due to the tenefit gLIdct by thè Chwity Commissth lor EJand and Wa•s. Fknantlal r•vi•w Dunng the year to 301h 2022 th¢ tharity g¥ratod nei incorr 01 £218,524. As at 30 2022 iotal thjnds carrièd fOrnr amoun¥J to E134.934. WI Ihe kvels of tra¢Jn9 arimbes £10.010. charitabje £41.936 and donati$ £196 afy b•neath fxigthaly budgetsd 1ovd$ bilh carefijl ($t mwnl renewed fundqaisinq effryts. The 8owd are eonfyjent Ihat a rebjrn to suWs %%ill be achieved. Pollry on reserves The Fwndatth's pofw 15 lo maintsin re$e$ at a vthKh are ewtAant of belw to ¥ix morths. of operating ews. The Truslees regularly monor bth re5tricle(l LIStrIC48d thjnds to ensure that tho Fo4mdats"on conlwiue lo meet ts charlatAe adiwbes contwe to seek thinations support frorn lunders.
LONDON IRISH FOUNDATION Trusto•s' Report G•lng tonrn The disruptrye naty of the efforts to crffilrrj ts sw•l ol the Cow"d 19 wirus has that rble foard tl8nrNng ha5 been difftuK Ccmsequenl selbaLa ** the Foda11)n.5 t$#$S tkns. The Tr$180$ h•ld Stfateglc Planning Day to aTrJ rAon ftrtwe sts. The Truslees have a rea50nle expBCtal¥)n that ts charity has a(1oqu r851Mx¢es to 'nue in coerational eyislence for the fofeseeabje ILrture. Fry Ihis r8asffi. Uiey he odopted ihe 0)ncem basis it) prty)aMvJ the firnrAal 51alernts. trLAloès and off•xrs s•rykng during the Ye¥d sirKe the as fokws". Twstees: J W Brwilee Tojo L BwL%l¢d {l•5w 7 Oclob¥ 20221 C JLk• F J B(x(apPd 1 J8nu¥y 20221 R {•pwrted 1 January 2022) S A M Wt {apFOint 1 Januw 2tr22 aTrJ TeBJngJ 15 S¢pl¢mbar Ch8kmw: Jlurn of go¥•mlni do¢um•nl ¢hority is contr¢41 by ts Arfickn of Assowty. bewwj a ¢t•))F)Y knled ty sw8r8ntse. as defineLI by the CpanIeS Acl 2LK16. o11hè chan"labie (wnpany waranl8e lo ¢trIbUte an amounl not exceedin9 £10 lo thè ass•ls of Ihe th81ity in ts event ol winding up. Thè total rwmber of SLKh guarantees at 30 June 2022 was se¥n. Thè Ccryany was on 16 May 2018 aThJ ¥rds 9ranled tharilablg stS by Ihe Chwlty Commlsskn 16 il 2019. Trustegs are for skif6 arKI expErienc #u¢tss • Variety of pms 10 vthieh they ean c(ffttrbJte knvar(Is Ihg effects nmniry of the ch. New truslees m¥5t be approv•d by Board and a appOWd by an orthnary resoknli(ffi d the crmnpany. Thè numbw of biAstses n(rt IES5 Ihan ihreE and there is no mamnum F¢ided ay5 that Lolwkn IfTrsh Scollth Rthrnd Limited shal be nMed al any time to appOt to truslees. Eath new trustéè 8 7Alcory pad( an intr0j1)n lo Ihe OTganisation and gjpwjrt is wdity avt4e from oflh8 tharity. Page 4
LONDON IRISH FOUNDATION Trustees. Report Oryanisalionalstruclurn London Irish Founda1 is a Wbvat• e4xmpany ImA•d ty aTrJ is r•Jisièr•d the Cwity CcmIssI. Androw Kè$sL Cluef Exewbve. 15 Trtth, ts r5ponsfole tr th8 dty40• operatron of the Foundation. R•latlonshlps tlth relthd partl•s Whil# thé Lonth Irish Fod"0 js 1 indtyondent cor6lituiÈd a5 a company hmite(J by guaranlee wth ¢hariiatye slabjs dwecied by a Board afTru%tgos. has a (&)se w(Jir4J rolalionslmp wih LoThJon Iii5h Rw Club. The Truslees r8gulaty Kjenfjfy and review fv rtsks to the chwity is exposet1 antj re Ihai appD)prtaie nlrols are in F4ace lo prtivide rèastsnat49 assurance ag8in51 fraLKI error. Theref¢ye. they are 8W8 ol the maiy nsks faciTrJ the FouThlalion and are apprriate 51eps lo prrAecl the FfxJrrfats. During ihe perirxl. the Maj nsk¥ rdated to the thalonge of ensuriTrJ the Four¥Jalion coniinues to defver its tharitat4e obiodfv•s wlile mall9 a5 8 gc4ThJ crC•M •JrroJ ihe CDb•19 de Imp•¢tof Covi&19 P•ftd•mi The Cw&19 pandgmic con1wrld to on th& yw. Successful prwarnrn con1wm1 to be 5elbad( lo th8 FauThaation's bJ$ws pl. It 18 8 Teffie¢b"on of the value of the prrJrarnrnes. the enttwsiasm of thg parbupants and the pTofesslonali8m ofthe FtAJndalion'$ staff delNers thern thal so ben8frt was aChed. Fulure activity plamirg and lundraiyrg inibabvÈs w• Iru5tratsd by a varty of PeMiC related re&lrictionJ. Flnandal Instrum•nts thaiitys aciwilies e¥pw it to a nb¥offfirb1 118 irJu(rvJ tyedit k. cash Ik)w risk and liquidity r¢k. C•sh Ilowrfs Tho tharfty's aCtNIt eypose it Pr•&4Y to the finatxial rs of rarg•s in l•st rat•s. Inlerest bearn9 assets al liabthti8s arè hebj at fved rBte lo en5we certawty of cash lknws. Pa5
LONDON IRISH FOUNDATION Trusto•s' R•porl CredH rtslr Iveslmwts. charitys tyedil risk wmarfly attilth trade receivables. The arnounts pre58nt8d in lh8 balance shoot ar8 net of albjWces for doublhl reNabs. An lor impaim)ent is made whÈre there is an 1denlifij k)ss evenl based on previrAs is ewd8rKs a reducticffi in tho reCoVerabty ol lh• cash Ikth%. Tho u•drt on Iw4Lid lthJ5 and ¢knivthe fmancial insiruments is limrt¢d because Ihe terpartIeS ZTe banks wAlh high crgdiivraws 05svJned by u•d.ri a9enae& Thg has siwuficanl D)rwtralw ol k. rylh ex1 ovw a L•rg• number of Llquidlty rlsk Further dèts15 liqlIty risk b• JJnd li I slaterrt of in tho finan¢K81 $tm¢nts. On behalf of lha Tnths l Ik8 to thank the thwe(or4 manag•rrrt 4aff aTrJ pl•>ws Lrf Lthn kish for thair supporl of tho Fjlldati0n o¥er past yew. We are very gralelul Io the torry)anlas and or9antsatlor that cc4Iabcrf8l on Fryrarnrr and athiios including Premietshp Rugby its SF50. the Rugby Foolball UniDn. PDH Kfvjddar Access. the Metropolitan PolKe. the Lwhthr4Jse Chaity, Pump TetrTh)kw. RthJ w aub. Surr8y NaL1 Lottwy Communty Fund. Amazon CLthmwuty. Chzrtertuse Turf aTrJ LtJXlL. ESF ntributic, in paittiJl8r. thè FoJ)d9bL's Ch1 Ex6cJJtNe, Ar>Jrvw Ktiasl •mJ H•1 of 0ratl, Wa We(Wurywho providgd ?Maryleadsh1p 8 thalengiThJ year. I would le to th3rdE myfdknw Tiusitts for support lor so lffjetyofllwr kn and expwiise. Small e¢Mnp#ni•s proyibitin stt•m•nt These fina181 slelwnerAs ha¥e be Prepa in arwdarKo lh¢ pTovMJns reltikng to cmpanIO5 subject to the srnal c(ttnpaes witNn Part 15 of tho COmnieS kt 2006 •Wydan wih FRS 102 The Fin8nri* Reporfing standard awAi¢ailg in the UK Reput4icol Iielarbs. 231031202L Th• anrwjal reporiyds arU0d ty th8 Iruslees ofthe cawty cffi....... .. . . SIgd on its by. ènn
Independent Examiner's Report to the trustees of London Irish Foundation ('the Compan) I report to the charity trus5 on my examination of Ihe financi statements ot the tharity for the year 2nded 30 June 2022 vthich are set out on pages to. Re5ponsibilitses ahil basis of report As the charity's tnjstees of London Irish Foundaiion land also its direrlors for the purposes of Djmpany lawl ypu are rÈspDnsible for the preparntwjn of the finantsJ ststements in acOXdan with the requirement5 01 the Companies Act 20061'the Ad'l. Heving satisfied myself that the finanoal Stsiements of London Irish Foundab'on are not required lo be audrted under Part 16 of the 2006 Act and aTe elHJli )le foi indepeIent examination. I report In respect of my examinabon of your tharity's financial ststetnents as Lorried out under se¢bon 145 of Ihe Chanbes Act 2011 1.the 2011 Aa'l. In carrying out my examination I have fiAlod the DilonS 9Nen by the Chanty Commission under section 1451Sllbl of the 2011 Act. Independent examlhees $tstement I have completed rny examiTratioD. l o)nfimi that matters have ccffie to my attention in connection the ex8minatk)n gimng me cause to belwe". accounting rEcoftl$ Trot kept in respeLI of London Iii5h F¢Jundakn"on as by seclion 386 of the 20( Aci.. or 2. the ffnatLoal ststements do nol accord vAlh thtyde recoTd5: or 3. the ffnanaal 5tstements do nol comply with the accounting requirernent5 of seLlion 396 of the 2006 Acl other than any WU1ment that the financaal ststements ge a 'ttve and fair which 15 not a matter considered as part of an indeFendent examination,. or 4. the financial stalemÈnis have not been prepared in aco)rdanTr %Yth the rnethtKls and principles of the Stalefflent of Recommended Pracbtr for accountiTrg and porting by thariwes lapplicÈble lo tharit*s preparing their a¢couThts in a(%anc£ the Financial RepOrtg StsrKlar<l applicab In the UK and Republic of I18nd IFRS 10211. I have no conceffls and have come auoss no olher matters in connettion vnlh the examination tD which attention should be drawn in this report in order lo enable a proper Unetstarng of Ihe finanraal slatements to be reached. ond Fly Brebners 130 Shaftesbury Avenue London W1D5AR 28 March 2023
LONDON IRISH FOUNDATION Statement of Financlal Activities for the Yoar Ended 30 Jun• 2022 (Includlng Income and Expendlture Account and Stat8ment of Total Recognised Gains and Losses Totsl 2022 nds In¢om• and ErKI0ents from: Orth8th)rts and le9af#es Charitèbla p£t1V•S 0r trading aCb¥e$ Inveslmont inc¥) 96.423 35,073 22.165 98,423 98.498 23.565 39 63.425 Tolal incorna 153,700 218.525 Exp•ndltur• ¢M: Ralslng fvTrJ8 Charil8bl6 P2.911) 49.016 152,3091 1128,139 175,2201 11n,155 Total 8xpendyture (71.9271 1180.448 252.375 Net incom81{expeTrYilwel 81.773 1115.623 Nel movernenl in knd5 81.773 1115.623) 133.8501 R•c¢n¢lll•Uon fvnds Total funds t*ought knwar 39.892 1252B6 165,178 Total lund5 fr)r[ 21 121.665 9.663 131,328
LONDON IRISH FOUNDATION ststement of Flnanclal Activities for th• Year Ended 30 June 2022 (Including Incom• and Expenditur• Account and Statement of Total Recognised Gains and Losses) Total 2021 DGwkns and legaries Chl£e Olher trading activths 43.960 1Y2,956 14.676 1.312 39.036 114.535 14.676 1.312 78,421 213.519 78.421 291.940 Expendltur• on: fuThJs P7.341) 165.054 {B.1101 27.419 (45.4511 1192.473 T(441 eXperwA (202.395 35.5291 237.924 54.016 Not movem1 in TW 11.124 54,018 Totsl fvnds fryww 28.768 394 111 162 Total lundB carinl fryword 125.286 165.178 Th• fijnds tsT*d lor 2021 is sh¥M rth• 21. Thp ncths M p4p$ 11 k> 21 an bts9r81 partof1h fi1 slalomMIs.
LONDON IRISH FOUNDATION (Registration number: 1136538n Balance Sheat as at 30 June 2022 2022 2021 Fix•d Issets TarvJi149 assets 16 4.757 2.270 Curr•nt Debiors Cash al bath and in hand 17 18 33.961 160,667 5.730 235.305 194,628 241.035 Credllorx: Arnouni8 falllng wlthln otho J•ar 19 138.7051 138,775 Ilet current ets 155.923 202.260 Tolal ssets l•u cuTh•nt ffiati1 160.6BO 204.530 Cr•dllorn: Amounts NfiTrJ due altsr more th?n on• y•¥ 29.352 139.3521 131,328 165.178 Funds of the charKr. Re8th'rt9(l 125.286 UnreslrKtod lunds 121.665 39.892 Totalfvnd6 21 131.328 165.178 For the ffinancial year endiThJ 30 Juné 21)22 th• ¢hity Tm •nts118d to exemFrth)n fwm athI undgr s¢¢tion 477 of the Companles Acl 20( relaUr¥J to sm1 810$. DIreC9. responslbllknes.. The mvmbers have T•qiired th• chwity to ctsvb of rts nn31 stateffl•nts lot th• in W8stioi in accdance wnth 8KlvJn 476.. and Thè th"r•dots ad[nthdge resF<Jrthblilies comth.ng wilh the requ1reffnts of the Aci wilh rtrspod to awjunting reojrds and Ihe pr8P8rnt•)n of staternts. sCt lo th8 smal eryns wtglme. The financial stalements ¢Jn Pa9 8 to 21 aPFxov•d by th• Iwslees. •u¢lvwd lor isyJ• oft 231Q31202&id saned on beh[ by: Lenry)n h&m)an and Irust8e Th• pag8s 11 to 21 knn inwal pwt of lh? slaiemenls. Pagg 10
LONDON IRISH FOUNDATION Notes to the Financial Ststsments for the Year Ended 30 June 2022 1 CHARITY STATUS The charity 15 a pwivale oynpany lirnit¢d by gJaranteÈ, incorporated in En9larKI and Wal85. and sequenY does Njt have share ¢apilal. Each of the tntstees is lia to nt not exceeLlrJ £10 ttrwards th8 8558ts of the Ch in thè èvent of IK4ubJatKsn. Thè address ol its reg5twod officè is". Hazeh4x)od Centrè HazeknY)od Drive Sunbury-On.Tham8s KddlesoX TW16 60U 2 ACCOUNTING POLICIES Summary ol $kn51lrt x¢ourflng polid•J and k•y a¢¢ountlfi9 estkn The pnyal acLunlw)g pc4icies appld in the pWar8 of these financial Stat•M are set oul below. se FdKies have kn wwt•nlty ap10 to all Ihe years wèstntgd. unlbss Olh9MS& Ststsmeftl ol ¢ompllAn financial slat8rnents have bo•n weped in acajrdanee th AccLWting and Reporting by Chariti•s: Stalement of Re¢th)mwed Pr2CtKe aprA2Ne to cwi.eS preparirwj Iher accounts in awrd8nce with th¢ Finanoal R8w)rtiryJ Standaryl awAicatye in the VK and RepLlic ol Ir81al IFRS 1021 leffethe 1 January 20191- Ichariligs SORP IFRS 10211. th A•Png S14ThJard akWit>t4è In Iho UK aN1 Rewblic of Irel IFRS 1021. They also ¢omFty wth the ¢(par¢S Acl 20C6 and Chaiit5 Act 2011. B•sls of preparntlon Lcffidcffj Irtsh Foundalion meets Ihe defmition ol a pubtic ier11 entity und8r FRS 102. Assets aTrJ liabslities arè initially recogni5od al hist1¢41 Cost or tran$th"c Wae Lmless othemse stated in th• relevant accountin9 policy notes. These Statents are in $thJ. is tf fUnCt)nal wrrewy of lh8 enlity, Golng ¢onurn Followir¥J th8 easiry of C(KI-19 inttialivos have been able to g•t up mnning ggain. The fouTrdalic is fc¥ward with hJbJre fiJndrai8ing events dernay. wAth them Suc$$fUty managin9 to rkn'n an1 luThJing aTrJ (hjnaiions posl year end. The tnjslees have & reasonable expecta1p IPAt lh• ch>y has adewale resour(•s io ¢"nue in opgrnb.onal exthnce for the forose¢at40 fijlure. The InJslees $#jer Ihat there 8re rnaterial alt th8 rhritys ability ¢0 ¢tinUe as a goKig concem any siwwficant areas of ¢011"ty thal affea the Carrying value of assets held by the charty. kn¢oma •nd •ndon•nts AH income rewntsed lye charity has enlIrt to Ihe income. it 15 wob8t4e that the inry)nw will bè received and th¢ nounl ol Ihe inrme r•cwvabl¢ ia) b& rneasu mliably. Donauohs and 1•gaeles Donatiorts ar8 re¢JniSèd Ihe th81ity has wntry ol iho amcwffii 8nd setmemenl sjale. In lh¢ evenl that a donation is SL*'ect to condib.S thal reqwe a IEvel of pwformance by Ihe charily bèlo the tharTrty is ente to fvnds. the income is dglw•d and not r8crwed unbl 8imer th950 (0n$ arè lulty mèt. or the fuifilment of those conlY.(S is wholy the contrrA of the tharity and rt is yobabkn Ihat IhEse cOnthln5 will luirls in lh• reporlirwJ per. Page 11
LONDON IRISH FOUNDATION Notss to the Financial SLitements for th• Y•ar Ended 30 June 2022 D•fenvdln¢ome Oeferred irwrntt r¢w•sènts reco1 for I¢ 15 rnleased to incThMr•J r•soure•s kn the P8ritid for wh. it has been reCed. Such is th defrYod then: . ¢JCrfr speof$ that the gnt or donati( rnu bè us•J in lLe attwthg pwbds. Whwè $8Nces or fxi5Jes are provthl trg Ihè duiity as a thall0ft Ihat be pur(8s•d from sw118rs. Ihis benèfft Y8 inthded in Ihe financial statements at fair vth. Where the faw v81ue of don8tèi1 sw¥ice5 or facillties be r•hatty th8 is al c05t to Iha 0)nty w the resale value of pjds Ihal ara to t ErypBhdithr Al experm1Uré is thern a or to th exp8ndiJJre, it is p¥ob&bl8 s•tUement r8quwed and Ihe a¥jnt can be mwJfe¢J relatrAy. AJI costs Ire alk)rated io Ihe appliGable enditu headlThJ that a9wegaie costs lo that categryy. Vthw• costs cannot be di1ty attrfbute(I to pwlkular h8BdlrwJs Imy have b••Th alocaled on a bags conSlent Ihe use of lth t•ntrnl slaff sts ¥llcaled on t basis of bme spert aThJ depreciatiw t•$ Ihe of the as8eYs use. tradln9 ath&s ($ Ch•rlt•ble 8eiMei•s for its ben8fie4aries. 11 inLJdes tth cxjsts ihat cw alocated d• to sh acliwbes eOBls crf an indirect nature necssary $UPPYt them. Support coBts Support costs indwje c•rtrdl ha been aJcaled to adpAty o)st categories on a b8sKs ctrthtenl with Ihe use ol for exarnFle. alDcalwbJ cosls by Ikor ¥•os. c¢ per c8W"ta. staff c0518 by Ihg tim8 ynt and otlwcosts by Iheir usage. Gov•man¢• ¢Mts These Clud• thè rthts attritKrtatle to ciryanc• consiibjtkwl aryl si•kny rawlrgmgnts, duthng audrt Stra maftagwmnt and tnJ8s ffebn9s and re1rnlrs•d oxpenses. Gtyvèmm•nt grnnts Government granis #re retttyy it is re88(ngtle to exp¢cl Ihai Ihe gr8nts il bg rVe and t1 all Mndilhjns VAI be rrf usualy on subm0 valxl d8in for payrr Tax¥ll¢ The charity 18 nSIdered to pass tho tgsts set out in P¥a9faFh 1 SddLlo 6 of the rtanc Act 2010 and Chaptèr 3 Part 11 ofthe Cwwabon T8x A(a 2010 Sedign 256 of tho Tloft of Chwgeable G"ns Act 1992, Pag? 12
LONDON IRISH FOUNDATION Notes to tho Flnancial Statements for th? Year Ended 30 Jun• 2022 Tangible fix•d o#sets TangiLle a5set5 arv Stat on Ihe babarKe sheet al $1. any accumulated depreciatson and subsequent aCCUl3t8d wnp3irmerrt lossas. The Cost of tang assels widudtt direcly aitrbJlabl& irnXBm8rt4 c¢)sts incurred in Ihelr xquigtion and instslatK)n. D•preclatlon and arnortlsation DePclaOn is prowded oi taryible ftyed assets so as to write cdl Iha cost or valuation, kss any estimaled residual value. ¢Mr Ihtw expecied useful ecoThJmK lrfe as lolcths". Asset class Offr8 eqtwrnent DewttlBth>n rn•thod and r•t 3 yS str8tht linè Flxed •$s•t Invostm•nts Fixed 8SS•t knv•slmtrts • M)rfi•y r•ccqded at and Subsequ stated at ¢osl less any rmula1 impairmt losses. Trade debtr ar¢ due from m8rchan(Sse s(1 or servK8s pgrfomd in thè onlmiary c¥)ur8e of tAine. Tradè debtors a rttOgned initialty al th8 transacion p8. They we subsequenlty moasuted at arnorti5ed cost in9 the etfeclive Iniernsl method. kss provisx)n frx A FYOVts)n for the wryairmènl of Irade d8btor5 esWlished when Ihere is objth avK18nce that the chgrity not be at49 to thCt all amounts due a¢¢ording to the ttnll5 Of thè r•cèivabks. C•sh and ¢ash qquivalthts Cash an¢J cash eqUiVentS cLryrise cash on hand dwis, and olhw 8lKHerm hSghly h¢wid investments th8t are readly con¥ertible to a kn(n amount ol cash arKI a 5uiFcl lo an insignrfKant risk of change in value. Tpad8 credStor5 Trade creditors are (IvjaQrts to pay for d5 or seThirw I1 have been acquw8tl in Ihe onfinary course of bjsiness fmm supplie. Accounts pale 8 das$thed as oJrr8rl tilleS if the Charity does nol have an Lmknnditional right, al the ol the r8pth.ng pèwK)d. lo dèfer seement of the creditor lor ai least Iw•lve mnlhs after thg r¢porbng dale. If there Is an unc0n(ktn nt to defer seluemenl for at least trw8lve mcnths aftar Ihe )rtg dale. Ihoy ¥8 esled as rKTrrJfftnl liabilties. Trade credito *e recoyu5ed Initi at Iht p 8nd &8quentIY measur•d •1 aNh)rtisèd ck)st using Ihe effeCve interest mel1. Pa9e 13
LONDON IRISH FOUNDATION Notes to Ihe Financial SLthments for the Y•ar Ended 30 June 2022 Borrowlngs Inlerost-t8iw txsrrrftwin95 are I[lty reCded at vthA. net d trarwclion costs. Interestth8thJ borrowin are subso¢wenUy carried al arThybs¢d 1, the diffeCe bdween the prc¢08d$, net of Iransaction r£sts. and Ihe amoLWrt due on r•dtmp1i r•COed as a tharge to ts Stalempnt of FinanrAal Acti¥tts over the peri le¥ant Inlerest pOnSO 1$ rg¢ogniwd on Ihe ol thè inter•st molP#)d is i1x4lad in intere51 F4yable d rnii4rcharg8s. BOWro$ fi d8ssifd as cwrent Ibth'libes uths the chwly has #n nght lo defor selllwnpnt ol th? liabilty for atlgasl montt6 after the W•PDrting date. Furnl struthirn Un1r1ded income lthd5 Bre goneral #1 are 8vail•tr48 for use at tt trustees distrtlion in furtheranc of thg otyedfv•s ofthe dwty. Restricted incomè tlb)s• ¢Jtrthd for us• in a p¥lk wea w for $ptySfic purpos. th• us• ol whKh is (triCted lo that wea or pwpo8e. The charity u98s a Lxntn"lkn sthern. A dfi1 Flan a pen8iw plan under whKh fixed contriltS are PaKI into a lurKI and Ihe Company has no legal or cOnStre obli9ation to p8y furlh8r cntribub0$ rfthe fund doès Th)1 hohj 5vffKth o55ets b) pay all empbye85 the bènsfits relating lo eryktyee serwce cwfjnt and wior perh. ConfribJknn5 lo dgfined ojnlr1trArtx ns ar• roewtsèd as efffloyee benefil eXpe when are due. 11 3 INcoA FROIA OCWIATKXIS Al LEGACIES lunds Total funds Donations and kn9aaos: 40.788 55.635 40.788 55,635 Oonètitir& trcffi 96.423 96,423 Total fw 2021 43.960 43,960 Pag• 14
LONDON IRISH FOUNDATION Notss lo th• Flnanclal Statements for th• Y•ar End•d 30 Jun• 2022 Total funds fid6 Spots and coachir4 T 6,186 6,186 92.311 63.425 Totsl lor 2022 35.072 63.425 98.497 114,535 78,421 192.956 Unrnstrictrd T4)lal fund• inthmè: 22,165 22.165 Totsl for 2022 22.165 23,565 Totsl for 2021 14,676 14.676 6 INVESTMENT •4CO¥E Unr•strlct•d fund• 6•rnI T1 fund 39 39 Totsl for 2022 39 39 Total for 2021 1312 1.312 7 OTHER NCOME lund* Tat•l T<tslf¢r 2021 39.036 39.036 Pago 15
LONDON IRISH FOUNDATION Not•% to th• Flnanclal statem for th• Yw Endod 30 June 2022 R•strfct•d Tol8T fund# 359 13 38.935 13344 52.879 T•Jtsl far 2021 Tolal fvndg &319 13.374 21,693 Totsl fiv 2022 8.319 13274 T•tsl f•r 2021 8.110 17A01 CI INTEREST COSTS nds Total othgr intwesl pay*A• Totsl hr 2022 Pag& 16
LONDON IRISH FOUNDATION Notes to th• Financlal Stat•m•nts for tho Year Ended 30 Jun• 2022 funds Tolal ldI funds 36.102 11.025 128,140 164.242 11.025 T•)t•l lor 2022 47.127 128.140 175 267 Totsl for 2021 165,068 192.474 10 ANALYSIS GOVERMANCE AND SUPPORT COSTS GOVERIIAMCE COSTS funds G•Mr41 2D22 3,408 7,817 LW fe88 7.617 11.025 11.025 luhds G•n•rnl 2021 lThJependent •xaminr fo08 3.900 211 B7 201 tsrk•lwiq and wth4ty Olrg0M t•)sts 87 201 4,399 4.399 Pap17
LONDON IRISH FOUNDATION Notes to the Financial Statemonts for th• Yw Endod 30 June 2022 incorr relates io gomrwrt grants receN8d in rdion lo fv Cowvrns Job Retenlknn SchTh. Thè amounl ol grants r•wii5ed in Ihe fironcitilstatements was £.12021 - £39.036 12 TRUSTEES REMU14ERATr)N AND EXPENSES No tru$tsè$. any perscffis nected vAh Ihgm. ha roceNed any r•IThlrIk Ihe thiring thè year. No INstees have Ted any rwrnbursed ws¥S or any ollw l)wfts from Ihe tharity dTr9 the year. 13 STAFF COSTS 2021 st•ll e••ts during th• >•ar w•: Ww and sa&ries Sooab sstJJffty ¢osts PwsKJn costs 130.056 12.687 1.870 160,523 14.691 2.310 144,615 177.524 Th8 monthly avwag8 nwntr of [hKJd9 senhy In31 team) ToYed by th• thartly duting th ywr expre88ed as tirrbe •qLMvalents was as fdhy&8: 2022 No 2021 knlhty av•rw3e rwthrof 2022 No £60.001 - £70,0(KI The tot81 eThybyee bernffts oftt key mwymenl p881 of the ch#rity*rè £61.36312021 . £&5,3831. 14 INOEPENOENT EXAMX4ERE REMUNERAIMIII 2022 2021 Examtnotl ofthe slatwr 3.900 15 TAXATION The charity is a reglsd carity and is lhath exefflpt from laxati¢. Page 18
LONDON IRISH FOUNDATION Notes to th• Flnancial Stalements for th• Year Ended 30 June 2022 1• TANaBLE FiKED ASSErs •9M•nI Totsl Al 1 Juty 2021 AddrfpJr At 30 JUM 2022 8.895 8.895 AI 1 ty2021 Ch•r9¢ AI 30 JLM 2022 2.072 2.072 4.136 4.138 N•¢ book v•Au• AI 30 June 2022 4.757 AI 30 June 2W21 2270 17 DEBTORS 2022 Trndg dotlorn 16,562 197 2,2 131 704 1.991 Prepa•nIS 172(X) 33.961 5,730 18 CASH AKI CASH EQUIVALENTS 2122 160.667 Papj 19
LONDON IRISH FOUNDATION Notes to the Financial Statements for the Yoar Ended 30 June 2022 19 CREDtroRS: AMoui¥fs FALUNG DUE ONE YEAR 2022 Bank k)ans Trade rnrfitrys Other 18xatson sorAI se11 Other cr•drtors Accnja Oel¢rr•d Inth 10,648 21,589 2,658 460 10.648 20.0 4.124 593 1.800 1.550 38,705 38.775 211 CREDITORS: AIAoupifs FALLING DUE AFTER ONE YEAR 2022 2021 Bar lJ¥ns 29.352 39.352 21 FUNDS aal•nE• •11 July 2021 lJKornlny Re50urc•s Balanc• at 30 Jun• 2022 Unr•strided G•neral UnreslrkknJ fvnd6 153.7(WJ (11,9271 121.66S R•strlci•d I Pro)ect Ru*y BEAT Ihg Str•èt- Sunbury M PerSp Rugby- Health NatK)nal Loll•ry UFE PRL Cup Get Be$hIre Athe Apprenlic8thip 102.045 4.791 59.1(K) 1142.735) 18,410 4,791 6.877 8.628 (3971 1,343 5.725 11,7671 19.9971 118.418) 12,835 11,3691 118.8151 1.343 17.532 {7.532 Total rgstrict•d fvnd6 12S.287 1180,449 9.663 Total Iub 165.179 252.376 131.328 Pw20
LONDON IRISH FOUNDATION Notes to the Financial Statements for the Year Ended 30 Jung 2022 Thè speofic pwpose8 the funds we to be applied B tt5 frts.. Project Rwby kmderrfepresentad [l11j lo ddiver Initth¥e lo irtrease pwkpalK>n in al9 traditnllY B.E.A.T the Str8el ISww Ma) - funding to ddiver an pwugrarnrne ts h(MTwless people Ihe Spelihome area. Pr•mlefship Rugby ffacthg Healih). fundrKJ to do1¥gr rugby ba58d exlSe5 enccu8g8 dmldron to become morè aetfv• And te eat tatthity. Nan•1 Lottery L5FE - I1r4 get the rst vuknarab18 and is(Aaled in the cThnrnurwty W ¢)ver 60 10 b8come more active. PRL Camp)ns Cup-fiJnthTrJ to help laLlo h8allh obosity kthin thkJrerL G81 Bortshir• Actw• Apprentyc•slip-fimdiNJ lor a rwjbykned fikness inikabve. AFvrtnli¢•shp- funding lor B st#Nts c4)ath. 22 ANALYSIS OF NET ASSETS BETWEEN FUNDS Total fund5 at 30 June 2022 lunds Genera R05tricted lunds Tgie fixed a5se15 CuThènr assets Curfenl liabihlies Cfedrtors over 1 4.757 184,965 (38.7051 129.3521 4,757 194.628 138,7051 129.3521 9.663 Tot81 net assets 121 665 9,663 131,328 23 RELATED PARfY TRANSACTIONS Exemption taken Lder FRS 102 paragraph IAC.35 not to ijsdose transa¢lLr¢ with CLNnPan Trthdly wilhin Ihe gloup. Ouring the year, Lcd( lllsh Scotbsh RKhmorKI Limiie<l made atiOnS io Ldon Irish FoundatK)n toially £30.737 12021.. £40,8001. Drg Ihe year. M Bensled, a Tet. was also a dwector of London Irish S¢¢Yty'5h Richmond Limiled. 24 iJLTIMATE COPllROLLING PARTY The ullimate cl9 party is the T ofTrustees. ¥tho are ol thè CLInny. P4e 21