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REGISTERED COMPANY NUMBER: 07656095 (England and Wales)
REGISTERED CHARITY NUMBER: 1160581












Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

The Basketball Foundation

The Basketball Foundation






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 10

The Basketball Foundation (Registered number: 07656095)

Report of the Trustees
for the Year Ended 30 June 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
Our objective is the promotion of community participation in physical activity to aid well-being, employability and community cohesion through the provision of financial and practical support to assist organisations and clubs, using the sport of basketball as the engagement vehicle.

Significant activities
The Foundation's remit is to provide a national vehicle for the potential national activities of the Foundations of the clubs of the British Basketball League (BBL), (the topflight of professional basketball in the UK, as recognised by the national governing body, the British Basketball Federation (BBF)). Indeed, the Foundation is considered as an important asset to assist the BBL clubs to meet their social and community objectives, which are embodied in the License between the BBF and BBL (It is noted that the BBL was superceded by Super League Basketball in July 2024).

In April 2022 the Foundation commenced work on a new contract which was completed by 31 March 2023. The evaluation of this project demonstrated a significant positive impact for a wide ranging variety of stakeholders, and we continue to monitor the impact over the long-term. The Trustees are confident in the ability of the Foundation to deliver social good using the unique power of basketball and are actively engaged in discussions to secure further contracts.

Public benefit
The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aim and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE
Achievement and performance
The commencement of the new project along with the associated funding has allowed the Foundation to start to rebuild after a period of inactivity caused by the Covid-19 Pandemic. Further discussions have commenced with funding partners with a view to securing other funding routes that will allow it to continue its mission.

FINANCIAL REVIEW
Reserves policy
At present, all funds of the charity are restricted, but that position is under review in light of completion of all contractual activities. As the charity grows and diversifies its income sources, the Trustees will introduce a reserves policy to ensure that there are sufficient unrestricted reserves to cover administrative expenditure.

Going concern
The Foundation has successfully delivered a fully funded project that completed in March 2023.Given the successful impact of the project so far, combined with the post pandemic recovery environment which means there is demand for projects that tackle inequalities, the Trustees are confident that there will be opportunities to bid for additional funding on related projects in future years. The trustees have therefore prepared these financial statements on the basis that the charity is a going concern based on this opportunity.

FUTURE PLANS
The work to promote the Foundation and its potential to become an integral part of the infrastructure of basketball in Great Britain continue. It is anticipated that these matters will crystallise as part of a wider restructure of the sport of basketball in the UK, including the BBL and that the Foundation will benefit from increased activity and support from the BBL and its clubs. (It is noted that the BBL was superceded by Super League Basketball in July 2024). The Trustees remain active in promoting this change, and thereby securing the future trading of the Foundation.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Basketball Foundation is constituted as a charitable trust limited by guarantee and was registered with the Charity Commission in February 2015 under charity number 1160571. It is governed by the memorandum and articles of association incorporated on 2nd June 2015.

Recruitment and appointment of new trustees
The minimum number of trustees is three individuals but there is no maximum. The existing trustees are responsible for the recruitment of new trustees who are trained and inducted to ensure they are familiar with their responsibilities.


The Basketball Foundation (Registered number: 07656095)

Report of the Trustees
for the Year Ended 30 June 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The charity Trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no remuneration or other financial benefits.

The Trustees meet together as a body at least once per year and are responsible for all decisions taken in relation to the running of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07656095 (England and Wales)

Registered Charity number
1160581

Registered office
Unit E3
111 Ross Walk
Leicester
LE4 5HH

Trustees
Mr P J Blake
Mr L V G Haggith
Mr R G Levenston (resigned 30.6.2024)
Mr K Routledge
Mr A Reed
Dr D Ruta
Lord G Wasserman

Company Secretary
Mr K Routledge

Independent Examiner
Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 September 2024 and signed on its behalf by:





Mr K Routledge - Secretary

Independent Examiner's Report to the Trustees of
The Basketball Foundation

Independent examiner's report to the trustees of The Basketball Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Joseph Fitzpatrick

Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

26 September 2024

The Basketball Foundation

Statement of Financial Activities
for the Year Ended 30 June 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities 2
Grant income - - - 98,000

EXPENDITURE ON
Charitable activities 3
Project costs
- 4,000 4,000 146,560

Other - 1,536 1,536 2,344
Total - 5,536 5,536 148,904

NET INCOME/(EXPENDITURE) - (5,536 ) (5,536 ) (50,904 )


RECONCILIATION OF FUNDS
Total funds brought forward - 81,983 81,983 132,887

TOTAL FUNDS CARRIED FORWARD - 76,447 76,447 81,983

The Basketball Foundation (Registered number: 07656095)

Balance Sheet
30 June 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank - 77,047 77,047 83,183

CREDITORS
Amounts falling due within one year 9 - (600 ) (600 ) (1,200 )

NET CURRENT ASSETS - 76,447 76,447 81,983

TOTAL ASSETS LESS CURRENT LIABILITIES - 76,447 76,447 81,983

NET ASSETS - 76,447 76,447 81,983
FUNDS 10
Restricted funds 76,447 81,983
TOTAL FUNDS 76,447 81,983

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr K Routledge - Trustee

The Basketball Foundation

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable costs
Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.


The Basketball Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Grants Grant income - 98,000

Grants received, included in the above, are as follows:
2024 2023
£    £   
Sport England - 98,000

3. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
4)
£   
Project costs
4,000

4. GRANTS PAYABLE
2024 2023
£    £   
Project costs

4,000 146,560


5. SUPPORT COSTS
Governance
Other costs Totals
£    £    £   
Other resources expended 36 1,500 1,536

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


7. STAFF COSTS

There were no staff costs for the year ended 30 June 2024 nor for the year ended 30 June 2023.

The average monthly number of employees during the year was as follows:

2024 2023
Charitable activities 1 1

No employees received emoluments in excess of £60,000.


The Basketball Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Grant income - 98,000 98,000

EXPENDITURE ON
Charitable activities
Project costs
- 146,560 146,560

Other - 2,344 2,344
Total - 148,904 148,904

NET INCOME/(EXPENDITURE) - (50,904 ) (50,904 )


RECONCILIATION OF FUNDS
Total funds brought forward - 132,887 132,887

TOTAL FUNDS CARRIED FORWARD - 81,983 81,983

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 600 1,200

10. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Restricted funds
Project Hub 71,083 (1,536 ) 69,547
BBL Ambassador 10,900 (4,000 ) 6,900
81,983 (5,536 ) 76,447
TOTAL FUNDS 81,983 (5,536 ) 76,447

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
Project Hub - (1,536 ) (1,536 )
BBL Ambassador - (4,000 ) (4,000 )
- (5,536 ) (5,536 )
TOTAL FUNDS - (5,536 ) (5,536 )


The Basketball Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Restricted funds
Project Hub 73,427 (2,344 ) 71,083
BBL Ambassador 59,460 (48,560 ) 10,900
132,887 (50,904 ) 81,983
TOTAL FUNDS 132,887 (50,904 ) 81,983

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
Project Hub - (2,344 ) (2,344 )
BBL Ambassador 98,000 (146,560 ) (48,560 )
98,000 (148,904 ) (50,904 )
TOTAL FUNDS 98,000 (148,904 ) (50,904 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Restricted funds
Project Hub 73,427 (3,880 ) 69,547
BBL Ambassador 59,460 (52,560 ) 6,900
132,887 (56,440 ) 76,447
TOTAL FUNDS 132,887 (56,440 ) 76,447

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Restricted funds
Project Hub - (3,880 ) (3,880 )
BBL Ambassador 98,000 (150,560 ) (52,560 )
98,000 (154,440 ) (56,440 )
TOTAL FUNDS 98,000 (154,440 ) (56,440 )


The Basketball Foundation

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

During the year ended 30 June 2023 the Foundation engaged certain companies as delivery partners, who have common directorship with the Foundation:

Eagles Community FoundationMr P J Blake
Leicester Riders FoundationMr R G Levenston / Mr K Routledge

The Leicester Riders Foundation received a grant of £Nil (2023: £13,000) for delivery of the BBL Ambassadors programme.
The Eagles Community Foundation received a grant of £Nil (2023: £18,000) for delivery of the BBL Ambassadors programme.

There was no related party activity during the year ended 30 June 2024.