REGISTERED CHARITY NUMBER: 1139837
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2023
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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 27 April 2023 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 2023.
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.
Stuart D Attwood FCCA
Attwoods Chartered Certified Accountants 182 Worcester Road Bromsgrove Worcestershire B61 7AZ
27 April 2023
Page 2
Samurai Judo Club
Statement of Financial Activities for the Year Ended 31 March 2023
| 31.3.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,674 Other trading activities 2 47,590 Total 55,264 EXPENDITURE ON Raising funds (3,346) Charitable activities General 45,811 Total 42,465 NET INCOME 12,799 RECONCILIATION OF FUNDS Total funds brought forward 327,781 TOTAL FUNDS CARRIED FORWARD 340,580 |
31.3.22 Total funds £ 17,435 30,130 |
|---|---|
| 47,565 | |
| 1,249 27,786 |
|
| 29,035 | |
| 18,530 309,251 |
|
| 327,781 |
The notes form part of these financial statements
Page 3
Samurai Judo Club
Balance Sheet
31 March 2023
| 31.3.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 350,904 CURRENT ASSETS Stocks 6 6,273 Debtors 7 - Cash at bank and in hand 1,492 7,765 CREDITORS Amounts falling due within one year 8 (18,089) NET CURRENT ASSETS (10,324) TOTAL ASSETS LESS CURRENT LIABILITIES 340,580 NET ASSETS 340,580 FUNDS 10 Unrestricted funds 340,580 TOTAL FUNDS 340,580 |
31.3.22 Total funds £ 329,701 1,835 150 3,878 5,863 (7,783) (1,920) 327,781 327,781 327,781 327,781 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 April 2023 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 2023
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 2023
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Mat fees | 16,874 | 15,635 |
| Competitions | 23,330 | 10,211 |
| Courses and events | 1,305 | 250 |
| Catering | 1,364 | 782 |
| Karate and aikido clubs | 2,650 | 1,760 |
| Kits and belts | 900 | 745 |
| Harriers rent | 1,167 | 747 |
| 47,590 | 30,130 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 17,435 |
| Other trading activities | 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 |
Page 6
continued...
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
5. TANGIBLE FIXED ASSETS
| Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 1 April 2022 300,805 21,134 32,060 Additions 29,158 750 3,699 At 31 March 2023 329,963 21,884 35,759 DEPRECIATION At 1 April 2022 11,659 4,436 9,740 Charge for year 3,084 2,200 6,483 At 31 March 2023 14,743 6,636 16,223 NET BOOK VALUE At 31 March 2023 315,220 15,248 19,536 At 31 March 2022 289,146 16,698 22,320 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 £ 5,994 165 6,159 4,457 802 5,259 900 1,537 31.3.23 £ 6,273 31.3.23 £ - 31.3.23 £ 14,000 1,838 2,251 18,089 |
Totals £ 359,993 33,772 |
Totals £ 359,993 33,772 |
|---|---|---|---|
| 393,765 | |||
| 30,292 12,569 |
|||
| 42,861 | |||
| 350,904 | |||
| 329,701 | |||
| 31.3.22 £ 1,835 31.3.22 £ 150 31.3.22 £ - 3,906 3,877 7,783 |
|||
| 7,783 |
continued...
Page 7
Samurai Judo Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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 Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 327,781 327,781 Incoming resources £ 55,264 55,264 At 1.4.21 £ 309,251 309,251 |
31.3.23 31.3.22 £ £ 14,000 - Net movement At in funds 31.3.23 £ £ 12,799 340,580 12,799 340,580 Resources Movement expended in funds £ £ (42,465) 12,799 (42,465) 12,799 Net movement At in funds 31.3.22 £ £ 18,530 327,781 18,530 327,781 |
|---|---|---|
continued...
Page 8
Samurai Judo Club
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 47,565 | (29,035) | 18,530 |
| TOTAL FUNDS | 47,565 | (29,035) | 18,530 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 309,251 309,251 |
Net movement in funds £ 31,329 31,329 |
At 31.3.23 £ 340,580 |
|---|---|---|---|
| 340,580 |
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 | 102,829 | (71,500) | 31,329 |
| TOTAL FUNDS | 102,829 | (71,500) | 31,329 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 9
Samurai Judo Club
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2023 | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,144 | 4,300 |
| Gift aid | 1,530 | 1,135 |
| Grants | - | 12,000 |
| 7,674 | 17,435 | |
| Other trading activities | ||
| Mat fees | 16,874 | 15,635 |
| Competitions | 23,330 | 10,211 |
| Courses and events | 1,305 | 250 |
| Catering | 1,364 | 782 |
| Karate and aikido clubs | 2,650 | 1,760 |
| Kits and belts | 900 | 745 |
| Harriers rent | 1,167 | 747 |
| 47,590 | 30,130 | |
| Total incoming resources | 55,264 | 47,565 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 1,835 | 2,255 |
| Kits and belts | 661 | 779 |
| Catering | 431 | 50 |
| Closing stock | (6,273) | (1,835) |
| (3,346) | 1,249 | |
| Charitable activities | ||
| Rates and water | 1,499 | 942 |
| Insurance | 852 | 634 |
| Light and heat | 4,094 | 3,443 |
| Post and stationery | 233 | 95 |
| Repairs and renewals | 1,213 | 628 |
| Judo activities, training costs and support | 13,709 | 4,748 |
| Competitions | 9,213 | 1,540 |
| Courses and events | - | 85 |
| Telephone | 454 | 420 |
| Donations | - | 1,200 |
| Advertising | 39 | 72 |
| Cleaning | 1,629 | 1,535 |
| Depreciation of freehold property | 3,084 | 2,915 |
| Depreciation of plant and machinery | 2,200 | 2,172 |
| Depreciation of fixtures and fittings | 6,483 | 6,288 |
| Carried forward | 44,702 | 26,717 |
This page does not form part of the statutory financial statements
Page 10
Samurai Judo Club
| Charitable activities Brought forward Depreciation of computer equipment Support costs Finance Bank charges Governance costs Accountancy Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 £ £ 44,702 26,717 802 769 45,504 27,486 7 - 300 300 42,465 29,035 12,799 18,530 |
Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 £ £ 44,702 26,717 802 769 45,504 27,486 7 - 300 300 42,465 29,035 12,799 18,530 |
|---|---|---|
| 27,486 - 300 |
||
| 29,035 | ||
| 18,530 |
This page does not form part of the statutory financial statements
Page 11