CROYDON ACRO
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] OCTOBER 2022
Charity Registration: 1109027
CROYDON ACRO
LEGAL AND ADMINISTRATION DETAILS YEAR ENDED 31[st] OCTOBER 2022
Executive Committee Mary Baldry - Chair Asha Fowells–Secretary Penny Guerrini – Treasurer (Trustee) Correspondence Address 23 Stanhope Road Carshalton Surrey SM5 4LH Principle Bankers NatWest Wallington Branch 27 Woodcote Road SM6 0LN
CROYDON ACRO ANNUAL REPORT YEAR ENDED 31[st] OCTOBER 2022
The executive Committee have pleasure in presenting their report and financial statements of the Charity for the year ended 31st October 2022.
CHARITY OBJECTIVES
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To promote community participation in sport, particularly gymnastics for people based in Croydon and the surrounding areas.
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Focusing on children and young people, so as to build their health, recreation & leisure opportunities leading to a better quality of life.
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The recreational and squad classes, for the ages ranging from 2 to 21+
GOVERNMENT
The members act as the Executive Committee and have control of the charity and its funds.
EXECUTIVE COMMITTEE RESPONSIBILITIES
The executive Committee are required to prepare a statement of accounts for each Financial Year that give a true and fair view of the state of affairs of the charity at the end of the Financial Year and of income resources and application of resources in the year. In preparing the statement, the Executive Committee are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable accounting standards and statements of recommended practice have been adhered to.
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The Executive Committee are responsible for keeping proper accounting records which disclose with accuracy the Financial position of the Charity at all times.
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The Executive Committee are responsible for safeguarding the assets of the trust and hence for taking responsible steps for the prevention and detection of fraud and any other irregularities.
FINANCES
Income and expenditure during the year amounted to £28,883 (£27,193) and £39,591 (£21,735) respectively. The attached financial statements show the current state of finances. The Charity’s bankers are NatWest, Wallington, Surrey.
CROYDON ACRO Notes to the accounts For the Year Ended 31[st] October 2022
ACCOUNTING POLICIES
Accounting Convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and applicable UK Accounting Standards. They have been drawn up on the historic cost accounting basis.
Depreciation
Fixtures and Equipment are depreciated on a straight line basis using the estimated life of the asset.
Unrestricted Funds
These are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.
Restricted Funds
There are currently no restricted funds.
Current Assets
Current assets include the bank balances at 31[st] October 2022
CROYDON ACRO
CHAIR’S ANNUAL REPORT
YEAR ENDED 31[ST] OCTOBER 2022
Fund Raising
Due to the aftermath of COVID, the club has been restricted on the amount of fundraising that could be done due to a drop in attendees. We did run a small scale awards ceremony which celebrated the achievements of the younger gymnasts.
The club is slowing building up from the effects of COVID. However, the effects of the increases in costs, for example – hall hire nearly doubling – will be discussed by the committee to assess any actions needed to safeguard the existence of the club.
Approved by the Executive Committee on the 5th June, 2023
and signed on their behalf by
P. Guerrini
Penny Guerrini (Acting chairperson)
Independent examiner's report on the accounts
Report to the trustees/ members of
Croydon ACRO
On accounts for the year ended
31[st] October 2022 Charity no 1109027 (if any)
Set out on pages 1-2
Respective The charity's trustees are responsible for the preparation of the accounts in responsibilities of accordance with the requirements of the Charities Act 2011 (“the Act”). trustees and examiner
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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to state whether particular matters have come to my attention
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Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent In connection with my examination, no material matters have come to my examiner's statement attention which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
| Signed: Name: Relevant professional qualification(s) or body Address: |
Andrew Hicks | 20/08/23 |
|---|---|---|
| Andrew Hicks | ||
| ACMA CGMA | ||
| Russetts, Church Lane | ||
| Danehill | ||
| East Sussex RH17 7EU |
Croydon ACROStatement of Financial ActivitiesFor the Year Ended 31st October 2022
| Incoming Resources Receipts Fees Membership Subscription inc. Tax Refund BGA & Licences Competitions Fund Raising T-shirts, leotards, bags etc 50/50 Club Interest Course Fees Other Income Total Incoming Resources Resources Expended Expenditure Charitable activities in furtherance of objectives Fees Coaches Payments BGA & Licences Competitions T-shirts, leotards, bags etc Support Costs Fund Raising Costs Courses for Coaches Hall Hire Sundry Equipment Depreciation Office, Administration & Sundry Expenses Legal and Progessional Accountants Fees Equipment Insurance Trustees Honorariums Total Resources Expended Net income/(outgoings) resources for the year Fund Balances, 1 November 2021 Movement between funds Fund Balances, 31 October 2022 |
Unrestricted 21,681 - 1,344 3,102 - 2,007 190 59 - 500 28,883 - 15,806 4,064 1,582 914 22,366 - 43 12,288 7 - 3,625 15,962 350 913 - 1,263 39,591 10,708) ( 83,514 2,750 - 70,056 |
Designated - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,750 2,750 |
2022 Total £ 21,681 - 1,344 3,102 - 2,007 190 59 - 500 28,883 - 15,806 4,064 1,582 914 22,366 - 43 12,288 7 - 3,625 15,962 350 913 - 1,263 39,591 10,708) ( 83,514 - 72,806 |
2021 Total £ 18,472 - 7,183 535 103 - 779 220 7 - 100 |
|---|---|---|---|---|
| 27,193 | ||||
| - 9,530 2,140 - 234 |
||||
| 11,904 | ||||
| 335 45 6,225 10 - 2,054 |
||||
| 8,668 | ||||
| 350 812 - |
||||
| 1,162 | ||||
| 21,735 | ||||
| 5,458 78,056 83,514 |
We approve these accounts and confirm that we have made availability all records and information necessary for their preparation.
- Chair
For and on behalf of the Executive Members Committee
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CROYDON ACROBALANCE SHEET AS AT 31ST OCTOBER 2022
| £ FIXED ASSETS Equipment 28,343 Less Accumulated Depreciation 28,343 CURRENT ASSETS Stock Cash at Bank (as adjusted) Cash Float PREPAYMENTS Less CREDITORS: Amounts falling due within one year TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS & RESERVES Designated Unrestricted |
2022 £ - 0 575 66,267 67 66,909 6,142 245 72,806 2,750 70,056 72,806 |
2021 £ - 0 575 70,688 67 71,330 12,526 342 |
|---|---|---|
| 83,514 | ||
| - 83,514 |
||
| 83,514 |
Approved by the board of Trustees on ……………………………………….. & signed on its behalf
…………………………………. ……………………………… TRUSTEE TRUSTEE
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