REGISTERED CHARITY NUMBER: 1139837
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2021
for
Samurai Judo Club
Attwoods Chartered Certified Accountants 182 Worcester Road Bromsgrove Worcestershire B61 7AZ
Samurai Judo Club
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Samurai Judo Club
Report of the Trustees
for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1139837
Principal address
Zortech Avenue Kidderminster Worcestershire DY11 7DY
Trustees
Mrs S A Newbury Mrs E Hardiman
Independent Examiner
Attwoods Chartered Certified Accountants 182 Worcester Road Bromsgrove Worcestershire B61 7AZ
Approved by order of the board of trustees on 31 January 2022 and signed on its behalf by:
Mrs S A Newbury - Trustee
Page 1
Independent Examiner's Report to the Trustees of Samurai Judo Club
Independent examiner's report to the trustees of Samurai Judo Club
I report to the charity trustees on my examination of the accounts of Samurai Judo Club (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Attwoods Chartered Certified Accountants 182 Worcester Road Bromsgrove Worcestershire B61 7AZ
31 January 2022
Page 2
Samurai Judo Club
Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 44,920 Other trading activities 2 5,262 Total 50,182 EXPENDITURE ON Raising funds 604 Charitable activities General 42,705 Total 43,309 NET INCOME 6,873 RECONCILIATION OF FUNDS Total funds brought forward 302,378 TOTAL FUNDS CARRIED FORWARD 309,251 |
31.3.20 Total funds £ 72 40,876 |
|---|---|
| 40,948 3,172 27,587 |
|
| 30,759 | |
| 10,189 292,189 |
|
| 302,378 |
The notes form part of these financial statements
Page 3
Samurai Judo Club
Balance Sheet
31 March 2021
| 31.3.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 324,215 CURRENT ASSETS Stocks 6 2,255 Cash at bank and in hand 7,091 9,346 CREDITORS Amounts falling due within one year 7 (24,310) NET CURRENT ASSETS (14,964) TOTAL ASSETS LESS CURRENT LIABILITIES 309,251 NET ASSETS 309,251 FUNDS 9 Unrestricted funds 309,251 TOTAL FUNDS 309,251 |
31.3.20 Total funds £ 313,727 2,225 1,528 3,753 (15,102) (11,349) 302,378 302,378 302,378 302,378 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2022 and were signed on its behalf by:
S A Newbury - Trustee
The notes form part of these financial statements
Page 4
Samurai Judo Club
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost and in accordance with the property Plant and machinery - 25% on reducing balance and 5% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 20% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 5
continued...
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Mat fees | 3,939 | 17,681 |
| Competitions | - | 15,976 |
| Courses and events | - | 722 |
| Catering | 21 | 3,059 |
| Karate and aikido clubs | 1,060 | 1,950 |
| Kits and belts | 242 | 599 |
| Hoodies | - | 889 |
| 5,262 | 40,876 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Expenses totalling £nil (2020: £100) were reimbursed to Mrs S A Newbury during the year.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 72 |
| Other trading activities | 40,876 |
| Total | 40,948 |
| EXPENDITURE ON | |
| Raising funds | 3,172 |
| Charitable activities | |
| General | 27,587 |
| Total | 30,759 |
| NET INCOME | 10,189 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 292,189 |
| TOTAL FUNDS CARRIED FORWARD | 302,378 |
Page 6
continued...
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
5. TANGIBLE FIXED ASSETS
| Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 1 April 2020 300,805 18,368 807 Additions - - 20,911 Disposals - (4,520) - At 31 March 2021 300,805 13,848 21,718 DEPRECIATION At 1 April 2020 5,829 3,084 414 Charge for year 2,915 719 3,039 Eliminated on disposal - (1,539) - At 31 March 2021 8,744 2,264 3,453 NET BOOK VALUE At 31 March 2021 292,061 11,584 18,265 At 31 March 2020 294,976 15,284 393 6. STOCKS Stocks 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 8) Other creditors Accruals and deferred income 8. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans |
Computer equipment £ 5,994 - - 5,994 2,920 769 - 3,689 2,305 3,074 31.3.21 £ 2,255 31.3.21 £ 16,000 6,732 1,578 24,310 31.3.21 £ 16,000 |
Totals £ 325,974 20,911 (4,520) 342,365 12,247 7,442 (1,539) 18,150 324,215 313,727 31.3.20 £ 2,225 31.3.20 £ 12,000 - 3,102 15,102 31.3.20 £ 12,000 |
|---|---|---|
continued...
Page 7
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS
| At 1.4.20 £ Unrestricted funds General fund 302,378 TOTAL FUNDS 302,378 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 50,182 TOTAL FUNDS 50,182 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 292,189 TOTAL FUNDS 292,189 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 40,948 TOTAL FUNDS 40,948 |
Net movement At in funds 31.3.21 £ £ 6,873 309,251 6,873 309,251 Resources Movement expended in funds £ £ (43,309) 6,873 (43,309) 6,873 Net movement At in funds 31.3.20 £ £ 10,189 302,378 10,189 302,378 Resources Movement expended in funds £ £ (30,759) 10,189 (30,759) 10,189 |
|---|---|
continued...
Page 8
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.19 £ 292,189 292,189 |
Net movement in funds £ 17,062 17,062 |
At 31.3.21 £ 309,251 |
|---|---|---|---|
| 309,251 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 91,130 | (74,068) | 17,062 |
| TOTAL FUNDS | 91,130 | (74,068) | 17,062 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 9
Samurai Judo Club
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2021 | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 4,000 | 72 |
| Gift aid | 1,277 | - |
| Grants | 39,643 | - |
| 44,920 | 72 | |
| Other trading activities | ||
| Mat fees | 3,939 | 17,681 |
| Competitions | - | 15,976 |
| Courses and events | - | 722 |
| Catering | 21 | 3,059 |
| Karate and aikido clubs | 1,060 | 1,950 |
| Kits and belts | 242 | 599 |
| Hoodies | - | 889 |
| 5,262 | 40,876 | |
| Total incoming resources | 50,182 | 40,948 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 2,225 | 3,465 |
| Kits and belts | 285 | 526 |
| Catering | - | 517 |
| Hoodies | 349 | 889 |
| Closing stock | (2,255) | (2,225) |
| 604 | 3,172 | |
| Charitable activities | ||
| Rates and water | 683 | 2,560 |
| Insurance | 664 | 935 |
| Light and heat | 1,038 | 2,674 |
| Post and stationery | 229 | 346 |
| Repairs and renewals | 848 | 2,452 |
| Judo activities, training costs and support | 1,286 | 5,596 |
| Competitions | - | 2,379 |
| Licences and subscriptions | - | (550) |
| Christmas and summer parties | - | 217 |
| Telephone | 516 | 578 |
| Donations | 100 | 600 |
| Advertising | 25 | 345 |
| Cleaning | 514 | 1,550 |
| Donations repaid | 29,000 | 2,664 |
| Carried forward | 34,903 | 22,346 |
This page does not form part of the statutory financial statements
Page 10
Samurai Judo Club
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2021 | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 34,903 | 22,346 |
| Depreciation of freehold property | 2,915 | 2,915 |
| Depreciation of plant and machinery | 718 | 949 |
| Depreciation of fixtures and fittings | 3,039 | 131 |
| Depreciation of computer equipment | 769 | 769 |
| Profit/loss on sale of tangible fixed assets | 61 | 2 |
| Personal loan interest | - | 175 |
| 42,405 | 27,287 | |
| Support costs | ||
| Governance costs | ||
| Accountancy | 300 | 300 |
| Total resources expended | 43,309 | 30,759 |
| Net income | 6,873 | 10,189 |
This page does not form part of the statutory financial statements
Page 11