RACKETS CUBED

Charity Number: 1170744
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Rackets Cubed is a national charity committed to transforming the lives of underserved young people in the UK's most deprived communities. Our goal is to empower children to overcome educational barriers, build academic confidence, and develop the resilience needed to thrive. We run Community Partnership Hubs offering integrated Rackets Sports, Tennis, Education (Maths) and Nutrition support.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£550,396

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £429.38k
Charitable activities £0
Other trading activities £121.01k
Investments £0
Other £0

Total expenditure:
£537,683

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £535.98k
Other £1.70k

£0 investments gains (losses)

Total income includes £17,500 from 2 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £1.70k
Charitable expenditure £535.98k
Retained for future use £12.71k

People

9 Employee(s)

9 Trustee(s)

50 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Amateur Sport
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Birmingham City
  • Bradford City
  • Kingston Upon Hull City
  • Leeds City
  • Liverpool City
  • Manchester City
  • Surrey
  • Walsall
  • Throughout London

Governance

Registration history:
  • 14 December 2016: CIO registration
Organisation type:
CIO
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
MICHAEL IAN HILL Chair 08 December 2016
None on record
Sheila Forster Trustee 17 September 2020
None on record
Anne Keothavong Trustee 17 September 2020
None on record
Emma Lewis Trustee 04 May 2020
None on record
Kathryn Bartram Trustee 17 December 2019
None on record
Bruce Layland Walker Trustee 21 November 2017
None on record
MICHAEL HOLLAND Trustee 21 November 2017
FORWARD THINKING
Received: On time
Richard Andrew Ford Trustee 21 November 2017
None on record
CAVIN JOHN O'DRISCOLL Trustee 08 December 2016
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £113.83k £207.77k £289.10k £422.17k £550.40k
Total expenditure £62.05k £189.58k £288.26k £420.66k £537.68k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A £13.18k £9.00k £17.50k
Income - Donations and legacies N/A N/A N/A N/A £429.38k
Income - Other trading activities N/A N/A N/A N/A £121.01k
Income - Charitable activities N/A N/A N/A N/A £0
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £0
Income - Other N/A N/A N/A N/A £0
Income - Legacies N/A N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A N/A £535.98k
Expenditure - Raising funds N/A N/A N/A N/A £0
Expenditure - Governance N/A N/A N/A N/A £38.92k
Expenditure - Grants institution N/A N/A N/A N/A £0
Expenditure - Investment management N/A N/A N/A N/A £0
Expenditure - Other N/A N/A N/A N/A £1.70k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets N/A N/A N/A N/A £984
Long-term investments N/A N/A N/A N/A £0
Other assets N/A N/A N/A N/A £197.72k
Defined benefit pension scheme asset or liability N/A N/A N/A N/A £0
Total liabilities N/A N/A N/A N/A £57.12k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 13 December 2024 On Time
Accounts and TAR 31 March 2024 13 December 2024 On Time Download Open in new window
Annual return 31 March 2023 19 December 2023 On Time
Accounts and TAR 31 March 2023 19 December 2023 On Time Download Open in new window
Annual return 31 March 2022 30 December 2022 On Time
Accounts and TAR 31 March 2022 30 December 2022 On Time Download Open in new window
Annual return 31 March 2021 11 November 2021 On Time
Accounts and TAR 31 March 2021 11 November 2021 On Time Download Open in new window
Annual return 31 March 2020 08 October 2020 On Time
Accounts and TAR 31 March 2020 08 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CIO - FOUNDATION Registered 14 Dec 2016

Charitable objects

TO ACT AS A RESOURCE FOR YOUNG PEOPLE OF SCHOOL AGE LIVING IN ENGLAND BY PROVIDING ADVICE AND ASSISTANCE AND ORGANISING PROGRAMMES OF PHYSICAL, EDUCATIONAL AND OTHER ACTIVITIES AS A MEANS OF ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS AND ADVANCING EDUCATION.

Contact information

Address:
17 CASTELLO AVENUE
LONDON
SW15 6EA
Phone:
07766568184
Email:
No information available
Website:

www.racketscubed.com Open in new window