CROYDON ACRO
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] OCTOBER 2023
Charity Registration: 1109027
CROYDON ACRO
LEGAL AND ADMINISTRATION DETAILS YEAR ENDED 31[st] OCTOBER 2023
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 2023
The executive Committee have pleasure in presenting their report and financial statements of the Charity for the year ended 31st October 2020.
CHARITY OBJECTIVES
-
To promote community participation in sport, particularly gymnastics for people based in Croydon and the surrounding areas.
-
Focusing on children and young people, so as to build their health, recreation & leisure opportunities leading to a better quality of life.
-
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:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether applicable accounting standards and statements of recommended practice have been adhered to.
-
The Executive Committee are responsible for keeping proper accounting records which disclose with accuracy the Financial position of the Charity at all times.
-
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 £57,146 (£28,883) and £48,493 (£39,591) respectively. The income in the year being an unrecognised balance in Paypal. 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 2023
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 2023
CROYDON ACRO
CHAIR’S ANNUAL REPORT
YEAR ENDED 31[ST] OCTOBER 2023
Fund Raising
This year was all about regrowing attendance at the club after the previous COVID affected years. The club has built the membership up during the year, but is still not at pre-pandemic numbers. The increase in fees has helped offset the drop in numbers, but this is still considered to be work in progress. The increase in hall hire (approx..25%), will mean the club will have to raise class prices once again and manage any drop in numbers that may cause.
Approved by the Executive Committee on the 2nd 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 31[st] October 2023 ended
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:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
-
to state whether particular matters have come to my attention
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:
-
accounting records were not kept in accordance with section 130 of the Charities Act or
-
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: Andrew Hicks Date: 20/08/23 Name: Andrew Hicks Relevant professional ACMA CGMA qualification(s) or body Address: Russetts, Church Lane Danehill East Sussex RH17 7EU
Croydon ACROStatement of Financial ActivitiesFor the Year Ended 31st October 2023
| 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 2022 Movement between funds Fund Balances, 31 October 2023 |
Unrestricted 45,780 - 4,108 1,754 - 2,856 130 606 190 1,723 57,146 - 15,072 6,058 3,168 475 24,773 - 120 15,360 173 - 3,957 19,610 350 1,010 - 1,360 45,743 11,403 70,056 81,459 |
Designated - - - - - - - - - - - - - - 2,750 - 2,750 - - - - - - - - - - - 2,750 2,750 - 2,750 - |
2023 Total £ 45,780 - 4,108 1,754 - 2,856 130 606 190 1,723 57,146 - 15,072 6,058 5,918 475 27,523 - 120 15,360 173 - 3,957 19,610 350 1,010 - 1,360 48,493 8,653 72,806 - 81,459 |
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 |
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
CROYDON ACROBALANCE SHEET AS AT 31ST OCTOBER 2023
| £ 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 |
2023 £ - 0 575 53,592 67 54,234 27,470 245 81,459 - 81,459 81,459 |
2022 £ - 0 575 66,267 67 66,909 6,142 245 |
|---|---|---|
| 72,806 | ||
| 2,750 70,056 |
||
| 72,806 |
Approved by the board of Trustees on ……………………………………….. & signed on its behalf
…………………………………. ……………………………… TRUSTEE TRUSTEE
Page 2