REGISTERED CHARITY NUMBER: 1139837
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2022
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 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 ............................................. 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 2022.
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
Date: .............................................
Page 2
Samurai Judo Club
Statement of Financial Activities for the Year Ended 31 March 2022
| 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 17,435 Other trading activities 2 30,130 Total 47,565 EXPENDITURE ON Raising funds 1,249 Charitable activities General 27,786 Total 29,035 NET INCOME 18,530 RECONCILIATION OF FUNDS Total funds brought forward 309,251 TOTAL FUNDS CARRIED FORWARD 327,781 |
31.3.21 Total funds £ 44,920 5,262 |
|---|---|
| 50,182 | |
| 604 42,705 |
|
| 43,309 | |
| 6,873 302,378 |
|
| 309,251 |
The notes form part of these financial statements
Page 3
Samurai Judo Club
Balance Sheet
31 March 2022
| 31.3.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 329,701 CURRENT ASSETS Stocks 6 1,835 Debtors 7 150 Cash at bank and in hand 3,878 5,863 CREDITORS Amounts falling due within one year 8 (7,783) NET CURRENT ASSETS (1,920) TOTAL ASSETS LESS CURRENT LIABILITIES 327,781 NET ASSETS 327,781 FUNDS 10 Unrestricted funds 327,781 TOTAL FUNDS 327,781 |
31.3.21 Total funds £ 324,215 2,255 - 7,091 9,346 (24,310) (14,964) 309,251 309,251 309,251 309,251 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2022
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 2022
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Mat fees | 15,635 | 3,939 |
| Competitions | 10,211 | - |
| Courses and events | 250 | - |
| Catering | 782 | 21 |
| Karate and aikido clubs | 1,760 | 1,060 |
| Kits and belts | 745 | 242 |
| Harriers rent | 747 | - |
| 30,130 | 5,262 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 44,920 |
| Other trading activities | 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 |
Page 6
continued...
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. TANGIBLE FIXED ASSETS
| Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 1 April 2021 300,805 13,848 21,718 Additions - 7,286 10,342 At 31 March 2022 300,805 21,134 32,060 DEPRECIATION At 1 April 2021 8,744 2,264 3,453 Charge for year 2,915 2,172 6,287 At 31 March 2022 11,659 4,436 9,740 NET BOOK VALUE At 31 March 2022 289,146 16,698 22,320 At 31 March 2021 292,061 11,584 18,265 6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 9) Other creditors Accruals and deferred income |
Computer equipment £ 5,994 - 5,994 3,689 768 4,457 1,537 2,305 31.3.22 £ 1,835 31.3.22 £ 150 31.3.22 £ - 3,906 3,877 7,783 |
Totals £ 342,365 17,628 |
Totals £ 342,365 17,628 |
|---|---|---|---|
| 359,993 | |||
| 18,150 12,142 |
|||
| 30,292 | |||
| 329,701 | |||
| 324,215 | |||
| 31.3.21 £ 2,255 31.3.21 £ - 31.3.21 £ 16,000 6,732 1,578 24,310 |
|||
| 24,310 |
continued...
Page 7
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Other loans 10. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 309,251 TOTAL FUNDS 309,251 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 47,565 TOTAL FUNDS 47,565 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 302,378 TOTAL FUNDS 302,378 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 50,182 TOTAL FUNDS 50,182 |
31.3.22 31.3.21 £ £ - 16,000 Net movement At in funds 31.3.22 £ £ 18,530 327,781 18,530 327,781 Resources Movement expended in funds £ £ (29,035) 18,530 (29,035) 18,530 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 |
|---|---|
continued...
Page 8
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. 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 1.4.20 £ 302,378 302,378 |
Net movement in funds £ 25,403 25,403 |
At 31.3.22 £ 327,781 |
|---|---|---|---|
| 327,781 |
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 | 97,747 | (72,344) | 25,403 |
| TOTAL FUNDS | 97,747 | (72,344) | 25,403 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 9
Samurai Judo Club
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2022 | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 4,300 | 4,000 |
| Gift aid | 1,135 | 1,277 |
| Grants | 12,000 | 39,643 |
| 17,435 | 44,920 | |
| Other trading activities | ||
| Mat fees | 15,635 | 3,939 |
| Competitions | 10,211 | - |
| Courses and events | 250 | - |
| Catering | 782 | 21 |
| Karate and aikido clubs | 1,760 | 1,060 |
| Kits and belts | 745 | 242 |
| Harriers rent | 747 | - |
| 30,130 | 5,262 | |
| Total incoming resources | 47,565 | 50,182 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 2,255 | 2,225 |
| Kits and belts | 779 | 285 |
| Catering | 50 | - |
| Hoodies | - | 349 |
| Closing stock | (1,835) | (2,255) |
| 1,249 | 604 | |
| Charitable activities | ||
| Rates and water | 942 | 683 |
| Insurance | 634 | 664 |
| Light and heat | 3,443 | 1,038 |
| Post and stationery | 95 | 229 |
| Repairs and renewals | 628 | 848 |
| Judo activities, training costs and support | 4,748 | 1,286 |
| Competitions | 1,540 | - |
| Courses and events | 85 | - |
| Telephone | 420 | 516 |
| Donations | 1,200 | 100 |
| Advertising | 72 | 25 |
| Cleaning | 1,535 | 514 |
| Donations repaid | - | 29,000 |
| Depreciation of freehold property | 2,915 | 2,915 |
| Carried forward | 18,257 | 37,818 |
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 2022 | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 18,257 | 37,818 |
| Depreciation of plant and machinery | 2,172 | 718 |
| Depreciation of fixtures and fittings | 6,288 | 3,039 |
| Depreciation of computer equipment | 769 | 769 |
| Profit/loss on sale of tangible fixed assets | - | 61 |
| 27,486 | 42,405 | |
| Support costs | ||
| Governance costs | ||
| Accountancy | 300 | 300 |
| Total resources expended | 29,035 | 43,309 |
| Net income | 18,530 | 6,873 |
This page does not form part of the statutory financial statements
Page 11