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← Scarborough Athletic Club

2024-03-31-accounts

Finanical Statements for the Year Ended 31 March 2024 for Scarborough Athletic Club

Registered Charity Number 1131989

Page 1

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Contents of Financial Statements

Page
General Information 3
Trustees Details 4
Report of the Trustees 5
Trustees Approval Certificate 7
Independent Examiner's Report 8
Consolidated Income and Expenditure Account 9
General Income and Expenditure Account 10
Race Income and Expenditure Account 11
Balance Sheet 12
Accounting Policies 13

Page 2

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 General Information

Scarborough Athletic Club is a registered charity goverened by a Club Constitution adopted at an Extrao members on 18 June 2009 and registered with the Charity Commission on 5 October 2009 (registered c 1131989).

The objective of Scarborough Athletic Club, hereinafter referred to as Scarborough AC is:

Funds shall be allocated in accordance with the objects based on the need relating to each object and t operation of the charity as determined by the Trustees.

In setting our objectives and planning our activities, the trustees have given careful consideration to the general guidance on public benefit and in particular to its supplementary public guidance on the advancement of health.

Page 3

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Trustees Details

Current Trustees at 31 March 2024

Adie Atkinson Caroline Metcalf Lisa Baker Mick Thompson Ralph Broadley Mike Padgham Rhona Marshall Daniel Bateson Hilary Casey Denise Bailey Bob Lilley Ellie Waite Margaret Scruton

Officers at 31 March 2024

Chairman - Adie Atkinson Secretary - Lisa Baker Treasurer - Caroline Metcalf

Bankers:

HSBC 33 St Nicholas Street Scarborough YO11 2HN

Independent Examiner:

Rebecca Dent

Scarborough Athletic Club Contacts:

Email - Web -

Page 4

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Report of the Trustees

Trustees' Responsbility for the Financial Statements

Charity law required the trustees to prepare financial statements for each financial year which give a tru state of affairs of the charity. The statements must show the charity's incoming resources and how reso applied in the period.

In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which are sufficient to show and ex transactions and to disclose with reasonable accuracy at any time the financial position of the charity, a ensure that the financial statements comply with the requirements of the Charity (Accounts and Reports They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for detection of fraud an other irregularities.

Developments, Activities and Achievements during the year

We returned to weekly meetings and held a succesful 10k in October

Organisational Structure

The day to day running of the charity is led by the Chairman, Adie Atkinson, supported by the Trustees. members of staff.

Recruitment of Trustees

Trustees are sought who will bring added value to the charity and are appointed annually at the Annual members. Where there is a need for new trustees in the interim, these are identified and are appointed trustees.

Rules

The charity is governed by the rules contained within the deed of trust adopted on 24 August 2009.

Page 5

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Report of the Trustees

Relationships

Scarborough AC is affliliated to UK Athletics.

In addition, the Club has strong workings relationships with the following (and many other) local organisations for which it is very grateful:

Review of Activities

The gross income of the charity for the year was £57687.53 and incurred a loss for the year of £14351.6 donations this would of been a profit of £1813.89. Overall, this results in total unrestricted funds to b h d f £ 202

Policies

The charity has no paid employees. Policies are developed as required and existing policies include a Protection Policy.

Reserves

Scarborough Athletic Club has no legally constituted reserve balance but holds the following informally allocated fund:

Risk Management

All funds are held with HSBC Bank. The trustees recognise that some of Scarborough Athletic Club's could create a potential for claims against the charity. There are no known claims to date. maintained by the trustees through UK Athletics for public liability up to £50m.

Investment Policy

Short term surplus funds are held with HSBC Bank.

Page 6

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Trustees Approval Certificate

On behalf of the trustees, I approve of the financial statements to 31 March 2023 and confirm that all relevant records and information has been included.

Page 7

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Independent Examiner's Report

I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 9 to 12.

Respective responsibilties of trustee and examiner

As the charity's trustees, you are responsible for the preparation of the accounts; you consider that the section 43(2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to state that, on the specified in the General Directions given by the Charity Commissioners under section 43(7) of the act w matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commis examination includes a review of the accounting records kept by the charity and a comparison of the ac those reports. It also includes consideration of any unusual items or disclosures in the accounts, and se from you as trustees concerning any such matters. The procedures undertaken do not provide all the ev required in any audit, and consequently we do not express an audit opinion on the view given by the ac

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention which:

  1. gives me resonable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with section 41 of the Act and b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met.

  2. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

In connection with my examination, no matter has come to my attention which:

Page 8

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Consolidated Income and Expenditure Account

Income
Club Membership and Sessions
Club Kit Sold
Bus income
Event fees
Donations and Grants
Other income
Interest Received
Expenditure
Venue Hire
Bus Hire
Subsistence
Capital Items
Equipment
Athletic Events
Donations made
Finishers Goodies
10K Services
Repairs and renewals
Presentation and Awards
Subscriptions and Licences
Kit Purchased
Training and Courses
Bank Charges
Motor Expenses
Stationery, Printing and Postage
NET PROFIT / (LOSS)		 31.03.24
£
£
8,231.43
937.50
428.00
35,909.00
11,263.88
56,769.81
1,035.60
1,035.60
8,008.65
450.00
1135.44
6609.63
-
15816.1
11771.19
14882.95
2224.26
6507.8
2383.33
785
143.14
616.55
330.09
71,664.13
- 13,858.72		 3
£
8,682.76
961.50
916.00
30,012.00
11,164.70
157.44
5,624.70
750.00
713.65
200.00
820.03
445.21
1,422.55
13,495.00
16,000.99
1777.16
7608.78
435.36
2920.48
146.31
340.50
84.47

Page 9

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 General Income and Expenditure Account

Income
Club Membership
Membership Refunds
Junior sessions
Track Sessions
Core Session
Kit sold
Track & Field Reimbursement
Bus income
Donations received
Other income
Interest Received
Expenditure
Venue Hire
Bus Hire
Subsistence
Capital Items
Equipment
Donations made
Advertisement
Entertainment
Track & Field Expenses
Presentation and Awards
Subscriptions and Licences
Kit Purchased
Training and Courses
Bank Charges
Motor Expenses		 31.03.24
£
£
7,311.63
484.30
435.50
-
937.50
-
428.00
105.18
9,702.11
1,035.60
1,035.60
5008.65
450.00
7.44
5422.26
1102.90
1128.00
604.26
6507.80
2383.33
785.00
59.94		 3
£
8,040.96
641.80
-
-
961.50
-
916.00
136.00
157.44
2,140.00
750.00
97.40
200.00
820.03
422.55
616.25
445.21
617.16
7,608.78
435.36
2,920.48
68.31
88.50

Page 10

Stationery, Printing and Postage

Stationery, Printing and Postage 207.62 23,667.20 NET PROFIT / (LOSS) 12,929.49

69.93

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 RACE Income and Expenditure Account

Income
Yorkshire Coast 10K Entrants
Fun Run Entrants
Sale of prior year t-shirts
Donations and Grants
Expenditure
Venue Hire
Finishers Goodies
Services
Stationery, Printing and Postage
Motor Expenses
Donations made
Bank Charges
Equipment
Repairs and Renewals
Awards and Presentations
NET PROFIT / (LOSS)		 31.03.24
£
£
35,909.00
-
-
11,158.70
47,067.70
3,000.00
11,771.19
14,882.95
122.47
616.55
14,713.20
83.20
1,187.37
1,620.00
47,996.93
- 929.23		 3
£
30,012.00
-
-
11,028.70
3,000.00
11,771.19
14,882.95
122.47
616.55
14,713.20
83.20
1,187.37
1,620.00		 3,484.70
13,495.00
16,000.99
14.54
252.00
1,000.00
78.00
1,160.00

Page 11

Scarborough Athletic Club
Sunday, March 31, 2024
Charity Number 1131989
Balance Sheet
Current Assets
Cash at Current Account
Cash at Savings Account
Cash at Race Account
Cash In Hand
Total Assets
Current Liabilities
Amounts falling due within one year
Total Assets Less Current Liabilities
Represented by
Restricted Funds
Unrestricted Funds
Unrestricted Funds brought forward		 31.03.24
£
491.15
56,034.08
677.21
492.91
57,695.35
-
57,695.35
-
71,554.07

Page 12

Unrestricted Funds arising in year

Unrestricted Fund carried forward

Scarborough Athletic Club Sunday, March 31, 2024 Charity Number 1131989 Accounting Policies

1. Basis of Accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice of Accounting for Charities (SORP 2005) issued March 2005 and applicable accounting standards.

2. Income

Donations, legacies and other income are accounted for when received.

3. Gifts in Kind

Page 13

The charity receives the benefit of work carried out by volunteers and obtains the use of equipment and

facilities without charge. No value has been placed on these items in the accounts.

4. Grants

Revenue grants are credited to the income and expenditure account as received.

5. Taxation

As a registered charity, Scarborough AC is generally exempt from income and capital gains tax, but not Value Added Tax (VAT). Irrecoverable VAT is included in the costs of those items to which it relates.

6. Depreciation

The charity currently has no assets requiring a depreciation charge.

Page 14

Page 15

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Page 16

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Page 17

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Page 18

Page 19

audit requirements of basis of procedures whether particular

ssioners. An counts presented with eeking explanations vidence that would be counts.

Page 20

1.03.23 £

51,736.96 157.44

52,785.19 - 890.79

Page 21

1.03.23 £

10,696.26 157.44

Page 22

17,299.96 - 6,446.26

1.03.23 £ 41,040.70

35,485.23 5,555.47

Page 23

31.03.23 £

18,456.24 41,998.48 11,099.35

71,554.07

Page 24

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