COMPANY REGISTRATION NUMBER 3902639
THE BADGER CLUB FINANCIAL STATEMENTS 31 MARCH 2022
Charity Number 1080717
THE BADGER CLUB
YEAR ENDED 31 MARCH 2022
| CONTENTS | PAGE |
|---|---|
| Members of the Board and professional advisers | 3 |
| Trustees Annual Report | 4 |
| Independent Examiner’s report | 7 |
| Statement of Financial Activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 |
THE BADGER CLUB
MEMBERS OF THE BOARD
YEAR ENDED 31 MARCH 2022
Registered Charity name The Badger Club Charity number 1080717 Company registration number 3902639 Registered office The Old School Burnside Close Ovingham Northumberland NE42 6BS Trustees Mrs L Thompson Mr J E Miller Mr J Bain Independent Examiner Curlew Accounting Ltd Eastburn South Park Hexham Northumberland NE46 1BS
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THE BADGER CLUB
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
The Trustees, who are also Directors of the Charity for the purposes of the Companies Act 2006, present the Financial Statements of the Charity for the year ended 31 March 2022.
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 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 3 of the financial statements.
THE TRUSTEES
The Trustees who served the Charity during the period were as follows:
Mrs E Blake (resigned 22 March 2022) Mrs L Thompson Mr J E Miller Mr J Bain (appointed 22 March 2022)
The Trustees named above and on page 3 are Trustees for the purposes of charity law and Directors for the purpose of company law.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Legal Status
The organisation is a charitable company limited by guarantee, incorporated on 5 January 2000 and registered as a Charity on 15 May 2000. The charitable company's objects and regulations are regulated by the memorandum and articles of association.
Appointment of the Board of Trustees
The Board of Trustees is recruited by identifying skills needed and approaching people with relevant experience. Trustees are appointed by the Board of Trustees and serve continuously until such time they step down.
Organisational Structure
The Badger Club has a management committee which meets every four to six weeks. The Trustees and members of staff attend these meetings. The committee discusses the situation of the club with specific reference to child numbers, activities, finances and any forthcoming events which need to be organized.
Public benefit
The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charities Commission in exercising their powers or duties.
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THE BADGER CLUB
YEAR ENDED 31 MARCH 2022
TRUSTEES ANNUAL REPORT
OBJECTIVES AND ACTIVITIES
The Badger Club objectives and principal activities are to provide fun, child-centered and affordable out-of-school care for children living in the Ovingham area. Whilst the natural catchment area is Ovingham CE First School and Ovingham Middle School, the club strives to provide places for all children in the area that require out-of-school care.
ACHIEVEMENTS AND PERFORMANCE
From a financial perspective, the year to 31st March 2022 can be described as one of recovery. The Charity’s reserves were depleted during the COVID-19 pandemic, and it was only in September 2021 when children returned to attending the Club, that income returned to anywhere near “normal”. Some grants covering the reduction of income during the previous financial year arrived during this financial year ending March 2022 and hence have helped recover the reserves in the reporting period covered by this report.
In April 2021, COVID-19 risk assessments and consequential restrictions were still in place, with children separated into year group bubbles. Session attendance was not at capacity. Clearly this impeded the activities that could take place, but as the weather improved, the children made great use of the outdoor space at the Club.
September 2021 saw a relaxation in the COVID-19 restrictions, with the removal of year group bubbles. However, contingency plans continued to be in place to deal with any outbreaks impacting children or staff. Again, the children thrived in using both indoor and outdoor space in and around the Club.
At the end of this financial year several sessions were full and had waiting lists. There was a concerted effort to find new volunteers to join the Club management committee and to act as Trustees for the Charity.
During the reporting period three new staff were appointed. The Charity carried out a detailed review of staff pay and have agreed new hourly rate differentials for staff performing different roles. These will become effective from 1st April 2022. A mechanism and timescales have been agreed to formally review staff pay in the future, well in advance of the April implementation date.
RISK MANAGEMENT
The Trustees have examined the major strategic, business and operational risks which the Charity faces, as identified by the Trustees, and confirm that systems and procedures for managing these risks are monitored regularly.
RESERVES POLICY
The Trustees have established a policy whereby unrestricted funds held by the Charity should be two months of resources expended which equates to £8,000. At this level the Trustees feel they would be able to continue the current activities of the Charity in the event of a significant drop in income, or if there is a need to close the Club.
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THE BADGER CLUB
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
The Trustees have considered this policy in the year and have agreed that this policy should remain. The Club will strive to achieve this by adding any profits made to the reserves where possible and through fundraising, providing funds are not required for other items.
FUTURE PLANS
A new budgeting process will be put in place to further ensure that income from charges covers expenditure (both revenue and one-off) and to produce a surplus only to maintain the reserves at the level agreed by the Trustees. For the first time since September 2017, there will be a formal review of charges in advance of the new academic year in September 2022.
The Charity will review its statutory obligations under Pensions Auto Enrolment.
The Charity will invest in new equipment and resources for the children as well as additional training for staff and committee members.
The Charity needs an adequately sized management committee, as well as volunteers to act as Charity Trustees and Company Directors to ensure compliance with charity and company law. There will be another recruitment drive to find committee volunteers: without which the Club will have to close.
Approved by order of the Board of Trustees on 6th December 2022:
Signed by order of the Trustees
Mrs L Thompson Director
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THE BADGER CLUB
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BADGER CLUB
YEAR ENDED 31 MARCH 2022
Independent Examiner's report to the Trustees of The Badger Club ('the Company')
I report to the Charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
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:
-
. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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. the accounts do not accord with those records; or
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. 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
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. 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
Paul Barron, FMAAT ICPA (Fellow)
Certified Practising Accountant
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THE BADGER CLUB
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an income and expenditure account)
YEAR ENDED 31 MARCH 2022
| Total Funds | Total Funds | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from generated funds | |||
| Voluntary income | 3 | - | - |
| Investment income | 4 | 1 | 3 |
| Incoming resources from charitable activities | 5 | 63,018 | 29,648 |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| TOTAL INCOMING RESOURCES | 63,019 | 29,651 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| RESOURCES EXPENDED | |||
| Charitable activities | 6 | 41,431 | 46,555 |
| Governance costs | 5 | - | - |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| TOTAL RESOURCES EXPENDED | 41,431 | 46,555 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| NET INCOMING/(OUTGOING) RESOURCES | 21,588 | (16,904) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 4,554 | 21,458 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ||
| TOTAL FUNDS CARRIED FORWARD | 26,142 | 4,554 | |
| ================================================= | ================================================= |
All of the above amounts relate to continuing activities.
The notes on pages 10 to 14 form part of these financial statements.
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THE BADGER CLUB
BALANCE SHEET
31 MARCH 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ |
£ | £ | |
| FIXED ASSETS | ||||
| Tangible assets | 7 | - | - | |
| CURRENT ASSETS | ||||
| Debtors | 8 | 3,044 | 425 | |
| Cash at bank and in hand | 23,098 | 4,129 | ||
| ------------------------------------------------------------------ | -------------------------------------------- ---------- | |||
| 26,142 | 4,554 | |||
| CREDITORS: Amounts falling due within one | ||||
| year | - | - | ||
| ------------------------------------------------------------------ | ----------------------------------------------------- | |||
| NET CURRENT ASSETS/(LIABILITIES) | 26,142 | 4,554 | ||
| --------------------------------------------------- | ----------------------------------------------------- | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 26,142 | 4,554 | ||
| ---------------------------------------------------------- | ----------------------------------------------------- | |||
| TOTAL NET ASSETS/(LIABILITIES) | 26,142 | 4,554 | ||
| ================================================= | ================================================= | |||
| FUNDS | ||||
| Unrestricted income funds | 9 | 26,142 | 4,554 | |
| ------------------------------------------------------ | ---------------------------------------------------- | |||
| TOTAL FUNDS | 26,142 | 4,554 | ||
| ================================================= | ================================================= |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The Members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on 6th December 2022 and were signed on its behalf by:
Mr J Bain Director
The notes on pages 10 to 14 form part of these financial statements.
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THE BADGER CLUB
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. STATUTORY INFORMATION
The Badger Club is a Charity, registered in England and Wales. The Charity’s registered number and registered office address can be found on the charity information page.
2. ACCOUNTING POLICIES
Basis of accounting
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 2015)', 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.
There were no material departures from that standard.
Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the directors in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.
Incoming resources
Donations are recognized where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Investment income is recognized on a receivable basis.
Income from charitable activities includes income recognized as earned (as the related goods or services are provided) under contract.
Resources expended
Liabilities are recognized as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs associated with attracting voluntary income.
Charitable expenditure comprises 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.
Support costs
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of fundraising activities, events and non-charitable trading.
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.
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THE BADGER CLUB
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Fixed assets
Individual fixed assets costing £300 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures, fittings and equipment 25% straight line basis
3. VOLUNTARY INCOME
| VOLUNTARY INCOME | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2022 | 2021 | |
| £ | £ | £ | |
| Appeals and donations | - | - | - |
| Fundraising | - | - | - |
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | |
| - | - | - | |
| ================================================= | ================================================= | ================================================= |
4. INVESTMENT INCOME
Interest on cash deposits
| Unrestricted | Total Funds | Total Funds |
|---|---|---|
| Funds | 2022 | 2021 |
| £ | £ | £ |
| 1 | 1 | 3 |
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- |
| 1 | 1 | 3 |
| ================================================= | ================================================= | ================================================= |
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THE BADGER CLUB
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| £ | £ | £ | ||
| Out of school care–primary purpose trading | 52,227 | 52,227 | 16,197 | |
| Grant income | 10,791 | 10,791 | 13,451 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ------------------------------------------------------ | ||
| 63,018 | 63,018 | 29,648 | ||
| ================================================= | ================================================= | ================================================= | ||
| 6. | RESOURCES EXPENDED | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2022 | 2021 | ||
| £ | £ | £ | ||
| Wages and salaries | 29,580 | 29,580 | 39,798 | |
| Rent | 2,625 | 2,625 | - | |
| Insurance | 637 | 637 | 584 | |
| Licenses and fees | 373 | 373 | 342 | |
| Training | 549 | 549 | - | |
| Consumables and activities | 3,418 | 3,418 | 2,359 | |
| Telephone and internet | 1,362 | 1,362 | 1,195 | |
| Printing, postage and stationery | 773 | 773 | 800 | |
| Computer software and maintenance | 1,100 | 1,100 | 637 | |
| Accountancy fees | 1,014 | 1,014 | 840 | |
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | ||
| 41,431 | 41,431 | 46,555 | ||
| ================================================= | ================================================= | ================================================= |
7. TANGIBLE FIXED ASSETS
| Fixtures, | |
|---|---|
| fittings and | |
| equipment | |
| £ | |
| Cost | |
| As at 1 April 2021 and 31 March 2022 | 878 |
| Depreciation | |
| As at 1 April 2021 | 878 |
| Charge for the year | - |
| --------------------------------------------------- | |
| As at 31 March 2022 | 878 |
| --------------------------------------------------- | |
| Net book value | |
| As at 31 March 2022 | - |
| --------------------------------------------------- | |
| As at 31 March 2021 | - |
| --------------------------------------------------- |
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THE BADGER CLUB
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
8. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Trade debtors | 3,044 | 425 |
| Other debtors | - | - |
| ----------------------------------------------------- | --------------------------------------------------- | |
| 3,044 | 425 | |
| ================================================= | ================================================= |
9. ANALYSIS OF FUNDS
Net incoming / Balance at (outgoing) Balance at 1 April 2021 resources 31 March 2022 £ £ £ Unrestricted income fund 4,554 21,588 26,142 ================================================= ================================================= =================================================
10. NET ASSETS BY FUNDS
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2022 | 2021 | |
| £ | £ | £ | |
| Tangible assets | - | - | - |
| Current assets | 26,142 | 26,142 | 4,554 |
| Creditors: Amounts falling due within one year | - | - | - |
| ----------------------------------------------------- | ----------------------------------------------------- | ----------------------------------------------------- | |
| 26,142 | 26,142 | 4,554 | |
| ================================================= | ================================================= | ================================================= |
11. STAFF COSTS, TRUSTEES ’ REMUNERATION AND BENEFITS
One of the Trustees, Mrs L Thompson, was paid a gross salary of £5,300 during the year.
None of the Trustees were paid expenses during the year
.
Total staff costs were as follows:
| Total staff costs were as follows: | ||
|---|---|---|
| Year to | Year to | |
| 31 March 22 | 31 March 21 | |
| £ | £ | |
| Wages and salaries | 29,580 | 39,798 |
| ----------------------------------------------------- | ----------------------------------------------------- | |
| 29,580 | 39,798 | |
| ================================================= | ================================================= | |
| The average number of persons employed by the Charity (including | ||
| Trustees), during the year was as follows: | ||
| 8 | 5 | |
| ================================================= | ================================================= |
No employee received emoluments of more than £60,000 during the year (2021 – 0).
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THE BADGER CLUB
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
12. MEMBERS LIABILITY
The Charity is a private company limited by guarantee and consequently does not have share capital. Each of the Members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
13. RELATED PARTIES
The Charity is controlled by the Trustees who are all Directors of the Company.
14. TAXATION
The Company is a Registered Charity and is, therefore, exempt from taxation.
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