CHARITY REGISTRATION NUMBER: 1144266
Cumbria Wheelchair Sports Club Unaudited Financial Statements
31 March 2024
GORDON CONSULTANCY LIMITED
Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Cumbria Wheelchair Sports Club
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 12 |
| Notes to the detailed statement of financial activities | 13 |
Cumbria Wheelchair Sports Club
Trustees' Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name Cumbria Wheelchair Sports Club Charity registration number 1144266
Principal office
The trustees
J Carolan (Resigned 4 April 2023) R McBride (Resigned 4 April 2023) T Smith (Resigned 4 April 2023) N Pattinson (Appointed 4 April 2023) A Armstrong-Crisp (Appointed 4 April 2023) J Mallam (Appointed 4 April 2023) R Townson (Appointed 4 April 2023) Independent examiner Mr R W Gordon, FCA Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Structure, governance and management
The promotion of Community Participation in healthy recreation in particular for disabled young people and adults by the provision of facilities for playing wheelchair sports.
Objectives and activities
Cumbria Wheelchair Sports Club (CWSC) is a registered charity (No. 1144266), and is the only competitive wheelchair sports club in the far North West of England. CWSC's aim is to promote community participation in healthy recreation for people of all ages and abilities through the provision of facilities for playing wheelchair sports. CWSC seeks to offer grassroots sporting opportunities to members, instill in them a lifelong love of sport, provide the inspiration and incentive for them to get and stay fit and healthy, and to offer social respite for those caring for people with disabilities.
We offer members and non-members the opportunity to play a variety of sports including wheelchair basketball, pickleball, wheelchair tennis, table cricket, and Boccia.
CWSC works in partnership with NP Inclusive Sports to run an Outreach Programme that offers wheelchair sports taster sessions and disability awareness training to schools throughout the whole of Cumbria. This partnership allows CWSC to demonstrate to young people, through the power of inclusive sport, that disability is not inability.
1
Cumbria Wheelchair Sports Club
Trustees' Annual Report (continued)
Year ended 31 March 2024
Objectives and activities (continued)
CWSC is committed to identifying, training, encouraging and supporting the potential talent of tomorrow through its highly experienced coaching team, and its strong relationships with the national governing bodies of disability sports. Wherever possible, CWSC encourages and financially supports its members to study for accredited coaching qualifications in disability sports.
Achievements and performance
Over the last year our boccia club has went really well attracting big numbers at our session, the wheelchair basketball club has went from strength to strength, the under 18s were crowned national champions, the women's division1 team won their league, and have now been accepted into the women's premier league,the team also entered the euro cup for the first time and ended up coming second, we have also run a development session which has produced up to 10 players who are ready to play in teams now.
For the coming year our plan is to consolidate what we have achieved and will work towards attracting more disabled people into our sports which helps with their self esteem and social skills
Financial review
The financial situation for the Club during the accounting period has been a challenging one.
Plans for future periods
Our plans for the coming year is to maintain what we have delivered this year, and increase the wheelchair basketball club by having 7 teams in the national leagues next season, 5 national teams, 1 women's league team, and 1 junior team, and to deliver more boccia clubs than last year giving the disabled community in Cumbria more opportunities to engage in to sport.
The trustees' annual report was approved on 30 June 2024 and signed on behalf of the board of trustees by:
N Pattinson Trustee
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Cumbria Wheelchair Sports Club
Independent Examiner's Report to the Trustees of Cumbria Wheelchair Sports Club
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Cumbria Wheelchair Sports Club ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Mr R W Gordon, FCA Independent Examiner
Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
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Cumbria Wheelchair Sports Club
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 44,695 | 44,695 | 6,715 |
| Charitable activities | 5 | 13,575 | 13,575 | 6,999 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 58,270 | 58,270 | 13,714 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 56,231 | 56,231 | 22,237 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 56,231 | 56,231 | 22,237 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net movement in funds | 2,039 | 2,039 | (8,523) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 47,771 | 47,771 | 56,294 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 49,810 | 49,810 | 47,771 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 10 form part of these financial statements.
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Cumbria Wheelchair Sports Club
Statement of Financial Position
31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 49,810 | 47,771 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 49,810 | 47,771 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 49,810 | 47,771 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 49,810 | 47,771 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 12 | 49,810 | 47,771 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 30 June 2024, and are signed on behalf of the board by:
N Pattinson Trustee
The notes on pages 6 to 10 form part of these financial statements.
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Cumbria Wheelchair Sports Club
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 19 Walden Grove, Stanwix, Carlisle, Cumbria, CA3 9JT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Cumbria Wheelchair Sports Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Cumbria Wheelchair Sports Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
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Cumbria Wheelchair Sports Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Grants | |||||
| Other Grants | 44,695 | 44,695 | 6,715 | 6,715 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Fundraising and Donations | 100 | 100 | 2,200 | 2,200 | |
| Subs | 13,475 | 13,475 | 4,799 | 4,799 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 13,575 | 13,575 | 6,999 | 6,999 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Wheelchair Sports | 56,231 | 56,231 | 22,237 | 22,237 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 7. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2024 | 2023 | |||
| £ | £ | £ | |||
| Wheelchair Sports | 56,231 | 56,231 | 22,237 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 8. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 120 ৶৶৶৶ |
120 ৶৶৶৶ |
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Cumbria Wheelchair Sports Club
Notes to the Financial Statements (continued)
Year ended 31 March 2024
9. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
11. Tangible fixed assets
During the year the trustees moved the fixed asset expenditure which had previously been included in the accounts in full.
12. Analysis of charitable funds
Unrestricted funds
| At | |||||
|---|---|---|---|---|---|
| At | 31 | March 202 | |||
| 1 | April 2023 | Income | Expenditure | 4 | |
| £ | £ | £ | £ | ||
| General funds | 47,771 | 58,270 | (56,231) | 49,810 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At | |||||
| At | 31 | March 202 | |||
| 1 | April 2022 | Income | Expenditure | 3 | |
| £ | £ | £ | £ | ||
| General funds | 56,294 | 13,714 | (22,237) | 47,771 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
13. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Current assets | 49,810 | 49,810 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Current assets | 47,771 | 47,771 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
10
Cumbria Wheelchair Sports Club
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
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Cumbria Wheelchair Sports Club
Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Other Grants | 44,695 | 6,715 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Fundraising and Donations | 100 | 2,200 |
| Subs | 13,475 | 4,799 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 13,575 | 6,999 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total income | 58,270 | 13,714 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Insurance | 789 | 988 |
| Other establishment | 35 | 242 |
| Motor vehicle expenses | 28,000 | 2,241 |
| Vehicle leasing/hire | – | 317 |
| Other office costs | 1,472 | 1,802 |
| Hire, Courses and matchday costs | 13,964 | 11,877 |
| Kit and Equipment | 11,971 | 4,770 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 56,231 | 22,237 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total expenditure | 56,231 | 22,237 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 2,039 ৶৶৶৶৶৶৶৶ |
(8,523) ৶৶৶৶৶৶৶৶ |
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Cumbria Wheelchair Sports Club
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Wheelchair Sports | ||
| Activities undertaken directly | ||
| Insurance | 789 | 988 |
| Stationery | 35 | 242 |
| Minibus | 28,000 | 2,241 |
| Fundraising Costs | – | 317 |
| Other Admin | 1,472 | 1,802 |
| Hire, Coaches and matchday costs | 13,964 | 11,877 |
| Kit and Equipment | 11,971 | 4,770 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 56,231 | 22,237 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 56,231 ৶৶৶৶৶৶৶৶ |
22,237 ৶৶৶৶৶৶৶৶ |
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