Charity number: 1123559
Company number: 06496769
(England and Wales)
ABC Training Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
ABC Training Trust Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 4 |
|---|---|
| Independent Examiner's Report to the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 to 15 |
ABC Training Trust Report of the Trustees For the year ended 31 March 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ABCTT strategic objectives
"To develop climbers through quality coaching." The ABC Training Trust seeks to provide a syllabus for climbers to use on artificial climbing structures for both climbing and bouldering, and to support this syllabus by supporting coaches and structures in best practice.
The principal objectives of the charity are to:
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Promote safety and community participation in healthy recreation and sport.
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Advance the education of the public with a non-exclusive focus on climbing and associated activities by in particular (but without limitation to) providing a nationally recognised accreditation scheme to individuals participating in climbing on artificial climbing structures.
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Provision of such facilities or items for education at school (not provided from statutory funds) as the committee shall from time to time determine.
The Trustees have had due regard to the Charity Commission guidance by developing an ongoing strategy to maximise support and knowledge of the National Indoor Climbing Award Schemes and in particular they have considered how all the charity's activities will contribute to its charitable aims and objectives.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The Trust has carried out its objectives through the NICAS schemes in accordance with the objects of its governing document. It has introduced over 150,000 people to indoor climbing and coached their development in the sport in a structured manner. It has advised and trained staff from many climbing centres in coaching techniques as well as promoting the benefits of the sport to the general public. The Trust has also liaised with other national governing and training bodies to develop a coherent national coaching structure in the sport. The implementation of the moderation process has ensured the quality of the delivery of the NICAS schemes to the candidates. The introduction of additional complimentary schemes further expands the reach and impact of the ABCTT in achieving its charitable aims. The variety of schemes offered enables access to climbing for a wider range of people.
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ABC Training Trust Report of the Trustees Continued For the year ended 31 March 2021
ACHIEVEMENTS AND PERFORMANCE
This financial year saw a pandemic devastate the businesses of our partners as lockdowns and other restrictions disrupted the dayto-day climbing activities and many staff involved were furloughed for long periods to save the long-term business and future of climbing walls.
It can therefore be reasonably assumed that this year and therefore the trading therein was unique due to COVID but that valuable lessons have been learned regarding the robustness of our business model and future proofing ourselves for similar circumstances should they arise again, and where we can develop and improve both as an organisation and our range of products in readiness for the future.
We continue to work closely with Sport England, Sport Scotland and Mountaineering Ireland where practicably possible to increase participation and retention in indoor climbing. We received some funding via Sport England towards specific projects to support and enable this work. We have further undertaken a project to develop a new brand identity to reflect the progress and development of NICAS. This further allows us to connect better with our partners and learners alike and allow our new products to sit within the brand architecture better. Together with our partners the BMC, the ABC & Mountain Training, we have developed a sector-wide safeguarding procedure to prioritise the protection of young people and vulnerable adults and dissuade persons intent on harming them from operating in our sector.
Looking to the future
It is the end of an unique and unpredictable financial year for the ABC Training Trust, which inevitably involves a reflective period of tallying up the achievements and the costs. It has however been another year of sustained progress in many respects, and we are really proud of the ABCTT team for all that has been achieved
Our key reason for being here is introducing as many people as possible to the fantastic sport of climbing. We hope that, through the various NICAS schemes, we can give climbers the best possible start in a sport for life and continue to motivate and develop & them through quality coaching, at great facilities, across the United Kingdom and overseas.
We have a lot of projects recently completed or in progress offering to support our centres and we are in close partnership with the BMC, the ABC, Mountain Training, Climb Scotland, Mountaineering Ireland, the Climb Group and Sport England on a variety of relevant matters.
None of our achievements could have been completed without the continuing and loyal support of all the artificial climbing structures who deliver our products, and the coaches and Technical Advisors who support them. They and their excellent delivery of our products act as ambassadors for climbing.
FINANCIAL REVIEW
Financial review: Reserves Policy
The ABCTT holds funds from its trading reserves. As described above, the current financial risk is low however the Trust has a policy to hold a reserve of £50,000 to cover six month's operating costs.
During this financial period the Board increased the depth of financial reporting and frequency. Forecast models informed them that the business had more than sufficient reserves to refrain from furloughing the executive team, and to further invest in new products and systems such that the Charity would be in the best possible position to support our customers post-lockdown. Strong trading in the subsequent financial period has proved the Board's assessment and actions to be correct and is further emphasised in that our reserves remain unused. Whilst expenditure has been shown to increase against a significant reduction in revenue, this expenditure was predominantly used to deliver fully funded projects for Sport England.
The Board have reviewed this level of reserves and consider it to remain appropriate for current circumstances and the year ahead. In accordance with prudent financial review and good governance, this sum is held in an interest-bearing notice deposit account with Cambridge & Counties Bank, which is an entirely separate organisation to CAF Bank who provide the day to day current and instant access interest-bearing deposit account facilities. All bank accounts held by the ABCTT are covered up to £85,000 under the Financial Services Compensation Scheme.
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ABC Training Trust Report of the Trustees Continued For the year ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Structure and Governance
The ABCTT is a charitable company limited by guarantee, set up in 2008. It is an independent charity established with its main object, as stated above, to provide structured coaching and a syllabus for new climbers at registered artificial climbing structures. It is governed by a Memorandum and Articles of Association which were last amended at the AGM in September 2014 and will be reviewed and updated in 2022.
The Board of Trustees in 2021 will see a number of Trustees completing their maximum terms of office and, using our new recruitment process, we need to identify and recruit more Trustees in 2022 ensuring we add an even greater depth and breadth of experience to the team.
Risk management
The ABCTT's systems of internal control are designed to provide reasonable, but not absolute, assurance against materials misstatement or loss. They include:
A strategic plan approved, and an annual budget regularly reviewed by the Trustees
Regular consideration by the Trustees of financial results, non-financial performance indicators and benchmarking reviews Identification and management of risks.
The revised Trustee Risk Register is reviewed at least annually and the Operational Risk Register is considered by the Trustees quarterly or whenever circumstances arise.
The ABCTT has 2 full time employees and holds no material assets other than logbooks, which are insured. We commission some executive, technical, administrative and financial services as well as a range of freelance technical experts with robust contracts and Service Level Agreements. Our other main expenses are the purchase of logbooks and the delivery of training which are now operating at a surplus.
Recruitment and appointment of trustees
Trustees can be co-opted throughout the year to the board when vacancies arise. They are formally elected into post at the ABCTT's AGM.
Statement of Trustees' Responsibilities
The Trustees, who are also the directors of ABC Training Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP
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Make judgments and estimates that are reasonable and prudent; and
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Prepare the accounts on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.
The Trustees are responsible for keeping adequate accounting records and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity ABC Training Trust Charity registration number 1123559 Company registration number 06496769 Principal address PO Box 12814 Bishops Stortford CM23 9NB
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ABC Training Trust Report of the Trustees Continued For the year ended 31 March 2021
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Lee Browning Jonathan Chittenden Benjamin Levey Andrew Link (Resigned: 14 October 2021) Carys Rowlands David Stainthorpe (Resigned: 29 April 2021) Edwin (Dean) Straw Jeremy Tapping Ian Taylor Kenneth Garner (Appointed: 29 April 2021) Independent examiners Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Ian Taylor
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ABC Training Trust Independent Examiners Report to the Trustees For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners 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 that in any material respect:
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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 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.
Counterculture Partnership LLP
Unit 115 Ducie House Ducie Street Manchester M1 2JW
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ABC Training Trust Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2021
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Other trading activites 4 Investments 5 Total Expenditure on: Charitable activities 6 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ - 25,950 3,588 801 30,339 (93,298) (93,298) (62,959) 162,208 99,249 |
Restricted funds £ 50,048 - - - 50,048 (50,048) (50,048) - - - |
2021 £ 50,048 25,950 3,588 801 80,387 (143,346) (143,346) (62,959) 162,208 99,249 |
2020 £ 25,033 105,404 5,447 988 |
|---|---|---|---|---|
| 136,872 | ||||
| (123,851) | ||||
| (123,851) | ||||
| 13,021 149,187 |
||||
| 162,208 |
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Registered Number : 06496769
ABC Training Trust Statement of Financial Position As at 31 March 2021
| Notes Current assets Stocks 12 13 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 15 Total funds |
£ 2021 12,824 5,743 115,946 134,513 (35,263) 99,250 99,250 99,250 99,249 99,249 |
£ 2020 13,000 9,841 189,362 |
|---|---|---|
| 212,203 | ||
| (49,994) 162,209 |
||
| 162,209 | ||
| 162,209 | ||
| 162,208 | ||
| 162,208 |
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Ian Taylor Trustee
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ABC Training Trust Notes to the Financial Statements For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006.
ABC Training Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The financial statements are prepared, on a going concern basis, under the historical cost convention.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts artistic programmes and activities.
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Income from donations and legacies
| ncome from donations and legacies | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Restricted funds | ||
| Grants received | 50,048 | 25,033 |
| 50,048 | 25,033 |
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ABC Training Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
Analysis of grants received
| Sport England 3. Income from charitable activities Unrestricted funds Coaching Primary centre registration Awarding centre registration Logbook sales 4. Income earned from other activities Unrestricted funds Other income 5. Investment income Unrestricted funds Bank interest receivable |
2021 £ 50,048 50,048 2021 £ 6,847 6,750 12,353 25,950 25,950 2021 £ 3,588 3,588 2021 £ 801 801 |
2020 £ 25,033 |
|---|---|---|
| 25,033 | ||
| 2020 £ 8,797 10,619 85,988 |
||
| 105,404 | ||
| 105,404 | ||
| 2020 £ 5,447 |
||
| 5,447 | ||
| 2020 £ 988 |
||
| 988 |
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ABC Training Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
6. Costs of charitable activities by fund type
| osts of charitable activities by fund type | ||||
|---|---|---|---|---|
| Coaching Direct cost Staff costs - wages & salaries Staff costs - social security costs Logbook costs Carriage Seminar costs Executive officer costs Meeting costs Training costs Consultancy fees Administrator costs Telephone Support costs Coaching Management Staff costs - wages & salaries Staff costs - social security costs Staff costs - pension contributions Travel IT costs Legal fees Advertising Postage and stationery Sundry Insurance Bank charges Governance costs Accountancy fees |
Unrestric ted funds £ - 24,000 1,109 - 675 - - 24 1,890 250 1,967 283 30,198 46,000 2,126 900 398 4,096 3,175 19 395 597 1,775 195 3,424 63,100 93,298 |
Restricte d funds £ (1) - - - - - - - 20,832 - 2,806 - 23,637 - - - - 1,973 - 24,350 - 88 - - - 26,411 50,048 |
2021 £ (1) 24,000 1,109 - 675 - - 24 22,722 250 4,773 283 53,835 46,000 2,126 900 398 6,069 3,175 24,369 395 685 1,775 195 3,424 89,511 143,346 |
2020 £ - 20,000 2,165 3,420 3,478 310 219 8,396 10,719 115 5,191 490 |
| 54,503 45,286 1,392 900 6,309 3,441 3,087 117 1,422 1,463 1,983 135 3,813 |
||||
| 69,348 | ||||
| 123,851 |
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ABC Training Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
| 7. Analysis of support costs Coaching Management Governance costs 8. Net income/(expenditure) for the year This is stated after charging/(crediting): Accountancy fees Staff pension contributions 9. Staff costs and emoluments Total staff costs for the year ended 31 March 2021 were: Salaries and wages Social security costs Pension costs Services |
2021 £ 86,087 3,424 89,511 2021 £ 3,424 900 2021 £ 70,000 3,236 900 74,135 2021 2 2 |
2020 £ 65,535 3,813 |
|---|---|---|
| 69,348 | ||
| 2020 £ 3,813 900 |
||
| 2020 £ 65,286 3,557 900 |
||
| 69,743 | ||
| 2020 3 |
||
| 3 |
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ABC Training Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
10. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Charitable activities Other trading activites Investments Total Expenditure on: Charitable activities Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricte d funds £ - 105,404 5,447 988 111,839 (98,818) (98,818) 13,021 149,187 162,208 |
Restricted funds £ 25,033 - - - 25,033 (25,033) (25,033) - - - |
2020 £ 25,033 105,404 5,447 988 |
|---|---|---|---|
| 136,872 | |||
| (123,851) | |||
| (123,851) | |||
| 13,021 149,187 |
|||
| 162,208 |
11. Tangible fixed assets
| Cost or valuation At 01 April 2020 At 31 March 2021 Depreciation At 01 April 2020 At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 |
Plant and Machinery £ 2,840 |
|---|---|
| 2,840 | |
| 2,840 | |
| 2,840 | |
| - | |
| - |
12. Stocks and work in progress
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Stocks of raw materials | 12,824 | 13,000 |
| 12,824 | 13,000 |
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ABC Training Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
13. Debtors
| Amounts due within one year: Trade debtors Other debtors Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income Movement in funds Unrestricted Funds General General Unrestricted Funds - Previous year General General |
2021 £ 1,625 4,118 5,743 2021 £ 1,663 1,862 31,738 35,263 Balance at 01/04/2020 Incoming resources Outgoing resources £ £ £ 162,208 30,339 (93,298) 162,208 30,339 (93,298) Balance at 01/04/2019 Incoming resources Outgoing resources £ £ £ 149,187 111,839 (98,818) 149,187 111,839 (98,818) |
2020 £ 9,334 507 |
|---|---|---|
| 9,841 | ||
| 2020 £ 925 1,882 47,187 |
||
| 49,994 | ||
| Balance at 31/03/2021 £ 99,249 |
||
| 99,249 | ||
| Balance at 31/03/2020 £ 162,208 |
||
| 162,208 |
14. Creditors: amounts falling due within one year
15. Movement in funds
Purpose of unrestricted Funds
General
General funds are applied to the general aims of the charity.
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ABC Training Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
| Restricted Funds Incoming resources Outgoing resources £ £ Sport England 50,048 (50,048) 50,048 (50,048) Restricted Funds - Previous year Incoming resources Outgoing resources £ £ Sport England 25,033 (25,033) 25,033 (25,033) Purpose of restricted funds Sport England Sport England funds have been awarded for use for specific development projects. 16. Analysis of net assets between funds Tangible fixed Net current assets / (liabilities) £ £ Unrestricted funds General - 99,250 General Restricted funds - 99,250 Previous year Tangible fixed Net current assets / (liabilities) £ £ Unrestricted funds General - 162,209 General Restricted funds - 162,209 |
Balance at 31/03/2021 £ - |
|
|---|---|---|
| - | ||
| Balance at 31/03/2020 £ - |
||
| - | ||
Net Assets £ 99,250 |
||
| 99,250 | ||
Net Assets £ 162,209 |
||
| 162,209 |
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