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2020-12-31-accounts

Pirate Fitness CIO

Registered Charity No 1154471

Trustees Report for 2020

Trustees; Duncan Wood (Chairman) Alison Blundell Paul Blundell Rachel Crouch Shaun Miller Veronica Wood

The charity was created in November 2013. Its aim is outlined below in the constitution. The board of Trustees is a selection of the members who are also regular users of the club. The Trustees also have professional skills which can be utilised to maximise the efficiency and professionalism of the club.

In September 2019 three trustees resigned due to other commitments. Rachel Crouch, Alison and Paul Blundell are warmly thanked for all their support over the past year. Rachel Crouch in particular has been a long and staunch supporter of Pirate Fitness since it’s foundation as a C.I.O. which is greatly appreciated. Graham Agutter and Peter Bradley have been appointed as trustees from September 2020.

Also in September 2020, Peter Long resigned as General Manager to pursue a new career as an electrician and Pirate Fitness wishes him every success with this new venture. Phoebe Wood applied for the post, was interviewed and subsequently offered the position. Phoebe took over the role in late September and we welcome her to the team.

During the latter half of this seventh year as a C.I.O Pirate Fitness encompassed a few challenges due to the unforeseen Covid-19 Virus and the mandatory closure of our facilities for four months. Whilst staff of Pirate Fitness were on furlough the hiatus in service delivery was used as an opportunity to review and consider ways in which the facilities could be improved further and in these new pandemic times to be extra clean and safe for all users of the facilities. In addition, that Pirate Fitness provided relevant services beneficial and pertinent to the long term health and wellbeing of our local community especially with fighting the physical effects of having the virus.

With the loss of a third of our gym membership due to the consequences of the pandemic and the closure of the facilities Pirate Fitness took advantage of the government grant to help cover costs during the closure and a government backed loan to support finances while membership is rebuilt. With lock down over, members, new and old, are continuing to re-join.

The formal structure created by the Trustees to run the club to ensure good health and safety procedures and to improve the level of hygiene within the premises has been invaluable within the changing Covid-19 environment. Additional processes too have been utilized over the past year to ensure that all equipment is functioning correctly and is regularly maintained to ensure good use and safety. The programme to upgrade both the club premises and the equipment has continued.

Pirate Fitness C.I.O. Constitution

The promotion of community participation in healthy recreation, for the benefit of the residents of Witney and the surrounding area, by the provision and maintenance of facilities for sports, exercise and fitness training.

Our Charitable Objectives:

Summary:

The long term aims for Pirate Fitness remain unchanged and these are to not only ensure that the equipment is accessible and user friendly, but that the facilities are affordable and appealing for all partakers whether they are young, old or simply a little mature and to promote personal goals ranging from a desire to improve health, maintain fitness or to achieve specific personal fitness or sports targets. All demographic groups too where possible are catered for from residents, the disciplined gym users or casual participants. Our changing times and the prolonged constraints of living with a long term virus also leads us to more than ever emphasise the importance of mental wellbeing, and being as fit and healthy as possible which Pirate Fitness continues to promote and support within our community together with a safe, secure environment.

This has been achieved in the following ways:

Charity Number 1154471

Pirate Fitness CIO

Report and Financial Statements

31st December 2020

Independent examiner's report on the accounts

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Section A Independent Examiner's Report
Report to the trustees/ Pirate Fitness CIO
members of
On accounts for the year
ended 31 [st] December 2020 Charity Number: 1154471
Set out on pages [ 2 to 46]
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended
31 [st] December 2020 .
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Responsibilities and basis As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the of report 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 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 The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a statement qualified member of the Chartered Association of Certified Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Signed: Date: 15th October 2020 Name: Adrian Edwards Relevant professional qualification(s) or body (if FCCA any): Address: 2 Meadow Court, High Street, Witney, Oxfordshire OX28 6ER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Please read Section C, Note 26 about the impact of Covid 19 and the opening of a new Gym in Witney. The accounts have been prepared under the Historical Cost Convention. Fixed Assets with a Net Book Value of £23,564 are included on the Balance Sheet. The value of this equipment could be considerably less if the Charity had to close.

2

Pirate Fitness CIO Charity Number: 1154471 Annual accounts for the period Period end Period start date 01/01/2020 To date 31/12/2020 Section A Statement of financial activities

Recommended categories by
activity
Guidance Notes
Incoming resources (Note 3)
Income and endowments from:
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
Resources expended (Note 6)
Expenditure on:
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
Extraordinary items
S16
S17
S18
Other gains/(losses)
S19
S20
Reconciliation of funds:
S21
S22
1
Total
Net movement in funds
Total funds brought forward
Total funds carried forward
Total
Net income/(expenditure) before investment
gains/(losses)
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05
-
-
-
-
-
-
-
-
-
-
210,788
-
-
210,788
277,320
-
-
-
-
-
-
-
-
-
-
-
-
-
-
210,788
-
-
210,788
277,320
244,756
-
-
244,756
272,427
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
244,756
-
-
244,756
272,427
33,968
-
-
-
33,968
-
4,893
-
-
-
-
-
33,968
-
-
-
33,968
-
4,893
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
33,968
-
-
-
33,968
-
4,893
35,024
-
-
35,024
30,131
1,056
-
-
1,056
35,024

3

Section B Balance sheet

Fixed assets
Intangible assets (Note 15)
Tangible assets (Note 14)
Heritage assets (Note 16)
Investments (Note 17)
Total fixed assets
Current assets
Stocks (Note 18)
Debtors (Note 19)
Investments (Note 17.4)
Cash at bank and in hand (Note 24)
Total current assets
Creditors: amounts falling due within
one year (Note 20)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 20)
Provisions for liabilities
Total net assets or liabilities
Funds of the Charity
Endowment funds (Note 27)
Restricted income funds (Note 27)
Unrestricted funds
Revaluation reserve
Total funds
Signed by one or two trustees on behalf of all
the trustees		 Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10

B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21		 Unrestricted
funds
£
F01
-
23,564
-
-
Restricted
income
funds
£
F02
-
-
-
-		 Endowment
funds
Total this
year
£
£
F03
F04
-
-
-
23,564
-
-
- -		 Total last
year
£
F05
-
28,208
-
-
23,564 - -
23,564		 28,208
-
99
-
36,687		 -
-
-
-		 -
-
- 99
-
-
-
36,687
-
2,991
-
11,696
36,786 - -
36,786		 14,687
7,871
59,294 - - 59,294
- 22,508 - - - 22,508 6,816
1,056 - -
1,056		 35,024
-
-
-
-		 -
-		 - -
-
-
1,056 - -
1,056		 35,024
-
1,056		 - -
-
- 1,056
-
-
-
35,023
1,056 - -
1,056		 35,023
Signature Print Name Date of
approval
dd/mm/yyyy

4

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

The charity constitutes a public benefit entity as defined by  FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that The charity has been badly affected by Covid 19 and turnover support the conclusion that the charity is a in the year e nded 31st December 2020 was significantly reduced. going concern; Members are returning to the Gym but it will take a significant amount of time for membership levels to recover. Another Gym has opened in Witney leading to a reduction in members as well. A Bounce Back Loan of £50,000 has been taken out and used to fund cash flow. At the time of this report the majority of the funds from the loan are still available to cover future costs. Disclosure of any uncertainties that make the Despite the difficulties caused by Covid 19 the Trustees are going concern assumption doubtful; confident that the charity will continue operating. Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes  * -Tick as appropriate No Please disclose: (i) the nature of the change in accounting policy; Not Applicable (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; Not Applicable and

5

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to Not Applicable periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

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Yes
 -Tick as appropriate
No
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Please disclose:

(i) the nature of any changes; Not Applicable (ii) the effect of the change on income and expense or Not Applicable assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or Not Applicable more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

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Yes
 -Tick as appropriate
No
Please disclose:
(i) the nature of the prior period error; Not Applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item Not Applicable
affected; and
(iii) the amount of the correction at the beginning of the
Not Applicable
earliest prior period presented in the accounts.
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6

Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

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Please provide a description
of the nature of each change Not Applicable
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
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7

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.		 Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

8

Settlement of insurance
claims
Investment gains and
losses		 This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.		 Yes
Yes		 No
No		 N/a

N/a
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or Yes No N/a
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
Governance and support
costs		 Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.		 Yes No N/a
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.		 Yes No N/a
Grants with performance
conditions
Grants payable without
performance conditions
Deferred income
Redundancy cost		 Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
No material item of deferred income has been included in the accounts.
The charity made no redundancy payments during the reporting period.		 Yes
Yes
Yes

Yes
 No
No
No
No		 N/a

N/a

N/a
N/a
Creditors
Provisions for liabilities		 The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date		 Yes

Yes
 No
No		 N/a
N/a
2.4 ASSETS
Tangible fixed assets for
use by charity
Basic financial
instruments		 They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.		 200 Yes

Yes
 No
No		 N/a
N/a
Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have
The depreciation rates and methods used are disclosed in note 9.2.		 Yes No N/a
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
Yes No N/a
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.		 Yes No
 N/a
Yes No N/a
They are valued at cost.
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year		 Yes No N/a
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments		 Yes No N/a
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net Yes No N/a
progress realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.		 Yes No N/a
Yes No N/a
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.		 Yes
 No N/a

9

Current asset investments
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.		 Yes
No
N/a

Yes
No
N/a

10

Section C Notes to the accounts (cont)

Note 3 Analysis of income

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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 25,941 - - 25,941 -
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities 49,747 - - 49,747 -
Membership subscriptions and sponsorships
which are in substance donations
125,915 - - 125,915 261,840
Donated goods, facilities and services - - - - -
Other 9,186 - - 9,186 15,480
Total 210,788 - - 210,788 277,320
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 210,788 - - 210,788 277,320
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
----- End of picture text -----

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

11

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1
Government grant 2
Government grant 3
Other
Government grant 1
Government grant 2
Government grant 3
Other
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
Please give details of other forms of
government assistance from which
the charity has directly benefited.		 This year
£
27,000
22,747
-
-
Total 49,747
Last year
£
-
-
-
-
Total
-
This year
This year
Description
Last year
Last year
Grants from West Oxfordshire District Council (Covid related)
Job Retention Scheme Grants
Description

12

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

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This year Last year
£ £
Seconded staff - -
Use of property - -
Other - -
- -
This year Last year
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.
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13

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

----- Start of picture text -----
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies
- - - - - - - -
Incurred seeking grants
- - - - -
Operating membership schemes and
social lotteries
- - - - -
Staging fundraising events
- - - - -
Fudraising agents
- - - - -
Operating charity shops
- - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating
new source of future income
- - - - - - - -
Database development costs - - - - - - - -
Other trading activities
244,756 - - 244,756 272,427 272,427
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 244,756 - - 244,756 272,427 - - 272,427
Expenditure on charitable activities:
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable
activities - - - - - - - -
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 244,756 - - 244,756 272,427 - - 272,427
Other information:
Analysis of expenditure on charitable activities
This year Last year
Activities Grant Activities Grant
Support Total this Support Total last
Activity or programme undertaken funding of Costs year undertaken funding of Costs year
directly activities directly activities
£ £ £ £ £ £ £ £
Activity 1 - - - - - - - -
Activity 2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -
----- End of picture text -----

14

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1
Extraordinary item 2
Extraordinary item 3
Extraordinary item 4
Total extrordinary items
Description
Not Applicable		 This year
Last year
£
£
- -
- -
- -
- -
- -
- -

15

Section C Notes to the accounts

Note 8 Funds received as agent

16

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

----- Start of picture text -----
Support cost Raising funds Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
Governance - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
- - - - -
Total
----- End of picture text -----

Last year

Governance
Other
Total
Support cost
(examples)		 Raising funds
Activity 1
Activity 2
Activity 3
Grand total
Basis of allocation
£
£
£
£
£
(Describe method)
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

17

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner

Independent examiner’s fees
Assurance services other than audit or independent examination
Tax advisory fees		 This year
Last year
£
£
720 120
- -
- -
- -

18

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

11.1 Staff Costs
This year:
Last year:
Salaries and wages
Social security costs
Other employee benefits
Total staff costs
Pension costs (defined contribution scheme)
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party		 This year
Last year
£
£
70,397 68,332
- -
1,444 1,406
- -
71,841 69,738

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
Band
Please provide the total amount paid to key management
personnel (includes trustees and senior management) for their
services to the charity. For specific amounts paid to trustees,
see Note 28.		 This year
Last year
- -
- -
- -
- -
- -
This year
Last year
£
£
- -
Nil
Number of employees

19

11.2 Average head count in the year
The parts of the charity in which the
employees work		 Fundraising
Charitable Activities
Governance
Other
Total		 This year
Last year
Number
Number
- -
5 5
1 1
- -
6 6

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the
payment
Please state the legal authority or
reason for making the payment		 This year
Last year
This year
Last year
Please state the amount of the payment (or value of any waiver of
a right to an asset)		 This year
Last year
£
£
- -

20

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

The nature of the payment (cash, asset
etc.)
Total amount of payment
Please state the accounting policy for any redundancy or
termination payments
The extent of redundancy funding at the balance sheet date		 This year
Last year
£
£
- -
This year
Last year
£
£
- -

21

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Please explain the basis for allocating the liability and expense of
defined contribution pension scheme between activities and
between restricted and unrestricted funds.
Amount of contributions recognised in the SOFA as an expense		 This year
£
1,444
All contributions are
included to unrestricted
funds. There are no
employees paid from
Restricted Funds
 Last year
£
1,406
All contributions are
included to
unrestricted funds.
There are no
employees paid from
Restricted Funds

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details

22

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

----- Start of picture text -----
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

Yes
No
TOTAL GRANTS PAID
Purpose
Names of institution
My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of the
grant and total paid to each institution is available on the charity's web site.
Other unanalysed grants
Total grants to institutions in reporting period		 Please provide
details of charity's
URL.
Provide details
below
Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-
-
-
-

23

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

----- Start of picture text -----
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

Yes
No
TOTAL GRANTS PAID
My charity has made grants to particular institutions that are material in the
context of its grantmaking. Details of the institution supported, purpose of the
grant and total paid to each institution is available on the charity's web site.
Names of institution
Purpose
Total grants to institutions in reporting period
Other unanalysed grants		 Please provide
details of charity's
URL.
Provide details
below
Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-
-
-
-

24

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

14.1 Cost or valuation
Freehold land
buildings
£		 & Other land &
buildings
£		 Plant,
machinery
and motor
vehicles
£		 Fixtures, fittings
and equipment
£		 Total
£
At the beginning of the year - - - 55,940 55,940
Additions - - - 3,210 3,210
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - 59,150 59,150
14.2 Depreciation and impairments
**Basis Reducing Balance Reducing Balance
** Rate 25% 25%
At beginning of the year - - - 27,732 27,732
Disposals - - - - -
Depreciation - - - 7,854 7,854
Impairment - - - - -
Transfers* - - - - -
At end of the year - - - 35,586 35,586
14.3 Net book value
Net book value at the beginning of the year - - - 28,208 28,208
Net book value at the end of the year - - - 23,564 23,564

25

14.4 Impairment

----- Start of picture text -----
This year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
Last year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been - -
carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of - -
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible - -
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
----- End of picture text -----

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

26

Section C Notes to the accounts (cont)

Note 15 Intangible assets Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

15.1 Cost or valuation
Research &
development
£		 Patents and
trademarks
£		 Other
£		 Total
£
At beginning of the year - - - -
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers * - - - -
At end of the year - - - -
15.2 Amortisation and impairments
**Basis SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
** Rate
At beginning of the year - - - -
Disposals - - - -
Amortisation - - - -
Impairment - - - -
Transfers* - - - -
At end of year - - - -
15.3 Net book value
Net book value at the beginning - - - -
of the year
Net book value at the end of the - - - -
year

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates

Policies for the recognition of any capital development

27

15.5 Impairment

----- Start of picture text -----
This year:
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Last year:
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
15.6 Revaluation
If an accounting policy of revaluation is adopted, please provide:
This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied
the carrying amount that would have been recognised
had the assets been carried under the cost model.
15.7 Other disclosures
(i) If your intangible asset was acquired by way of grant,
provide value on initial recognition and carrying amount
of the asset.
(ii) Details of the carrying amounts of any intangible
assets to which the charity has restricted title or that are
pledged as security for liabilities.
(iii) Please provide the amount of contractual
commitments for the acquisition of intangible assets.
(iv) State the amount of research and development
expenditure recognised as expenditure in the year.
(v) Please detail the headings in the SOFA in which a
charge for amortisation of intangible assets is included.
(vi) For any material intangible assets, please provide a
description, its carrying amount and any remaining
amortisation period.
----- End of picture text -----

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

28

Section C Notes to the accounts (cont)

Note 16 Heritage assets

Please complete this note if the charity has heritage assets

Note 16 Heritage assets
Please complete this note if the charity has heritage assets		 Note 16 Heritage assets
Please complete this note if the charity has heritage assets		 Note 16 Heritage assets
Please complete this note if the charity has heritage assets		 Note 16 Heritage assets
Please complete this note if the charity has heritage assets		 Note 16 Heritage assets
Please complete this note if the charity has heritage assets
16.1 General disclosures for all charities holding heritage assets
This year Last year
(i) Explain the nature and scale of
heritage assets held.
(ii) Explain the policy for the
acquisition, preservation,
management and disposal of heritage
assets.
16.2 Cost or valuation
Heritage asset
1
£		 Heritage asset
2
£		 Heritage asset
3
£		 Heritage asset
4
£
Total
£
At beginning of the year - - - - -
Additions - - - - -
Disposals - - - - -
Revaluations - - - - -
Transfers * - - - - -
At end of the year - - - - -
16.3 Depreciation and impairments
**Basis Straight Line
("SL") or
Reducing
Balance
** Rate
At beginning of the year - - - - -
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers* - - - - -
At end of year - - - - -
16.4 Net book value
Net book value at the beginning of the - - - - -
year
Net book value at the end of the year - - - - -

16.5 Impairment

This year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation the name of independent valuer, if applicable

qualifications of independent valuer

This year Last year

29

the methods applied and significant assumptions

any significant limitations on the valuation

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period		 At valuation
Group A
At cost Group
B
Total
£
£
£
- - -
- - -
- - -
- - -
- - -
- - -

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets. (iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

This year Last year

16.9 Five year summary of heritage assets transactions

2015
2014
2013
2012
2011
£
£
£
£
£
Purchases
Group A
Group B
Group C
Other
Donations
Group A
Group B
Group C
Other
Total additions
Charge for impairment
Group A
Group B
Group C
Other
Total charge for impairment
Disposals
Group A - carrying amount
Group B - carrying amount
Group C
Other
Total disposals		 - - - - -
- - - - -
-
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

30

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Carrying (fair) value at beginning of
period
Add:additions to investments during
period
Less:disposals at carrying value
Less: impairments
Add: Reversal of impairments
Add/(deduct):transfer in/(out) in the
period
Add/(deduct):*net gain/(loss) on
revaluation
Carrying (fair) value at end of year		 Cash &
cash
equivalents
Listed
investments
Investment
properties
Social
investments
Other
Total
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

This year:
Analysis of investments
Cash or cash equivalents
Investment properties
Last year:
Analysis of investments
Cash or cash equivalents
Investment properties
Listed investments
Social investments
Listed investments
Other investments
Total
Social investments
Grand total (Fair value at year end+Cost less impairment)
Other investments
Total
Grand total (Fair value at year end+Cost less impairment)		 -
-
Cost less impairment
- -
Fair value at year end
£
-
£
-
-
-
-
-
-
£
£
-
- -
Fair value at year end
Cost less impairment
- -
- -
- -
-
-
-
-
- -

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in
determining the fair value of investment property held by the
charity
(ii) Name or independent valuer, if applicable, and relevant
qualifications
(iii) Provide details of any restrictions on the ability to realise
investment property or on the remittance of income or
disposal proceeds		 This year
Last year

31

(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

17.5 Guarantees
Social investments
Other investments
Please provide details and amount of any guarantee made to
or on behalf of a third party
Name of the entity or entities benefitting from those
guarantees
Please explain how the guarantee furthers the charity's aims
Analysis of current asset investments
Cash or cash equivalents
Listed investments
Investment properties
Total		 £
£
This year
Last year
-
-
-
-
-
-
-
-
Last year
-
-
-
This year
-

17.6 Concessionary loans

17.6 Concessionary loans
Amount of concessionary loans received(Multiple
loans received may be disclosed in aggregate
provided that such aggregation does not obsure
significant information).

Amount of concessionary loans made (Multiple
loans made may be disclosed in aggregate provided
that such aggregation does not obsure significant
information ).
Where a charity has provided financial assets as
a form of security, the carrying amount of the
financial asset pledged as security and the terms
and conditions relating to its pledge.
For all investments measured at fair value, the
basis for determining the value, including any
assumptions applied when using a valuation
technique.
17.7 Additional information
Please provide information about the significance
of investments to the charity's financial position
or performance eg. terms and conditions of loans
or the use of hedging to manage financial risk.
Amounts receivable after more than 1 year
Amounts payable after more than 1 year
Amounts receivable within 1 year
Terms and conditions eg interest rate, security
provided
Value of any concessionary loans which have
been committed but not taken up at the reporting
date
Amounts payable within 1 year		 This year
This year

Description
Total
Description
Total

 This year £
Last year £
- -
- -
- -
- -
- -
This year £
Last year £
- -
- -
- -
- -
Last year
Last year

32

Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

For
distribution
For resale
For
distribution
For resale
£
£
£
£
£
Charitable activities:
Opening
- - - - -
Added in period
- - - - -
Expensed in period
- - - - -
Impaired
- - - - -
Closing
- - - -
-
Other trading activities:
Opening
- - - - -
Added in period
- - - - -
Expensed in period
- - - - -
Impaired
- - - - -
Closing
- - - -
-
Other:
Opening
- - - - -
Added in period
- - - - -
Expensed in period
- - - - -
Impaired
- - - - -
Closing
- - - -
-
Total this year
- - - - -
Total previous year
- - - - -
Work in
progress
18.2 Please specify the carrying amount of
any stocks pledged as security for liabilities
Stock
Donated goods
This year
Last year
£
£		 For
distribution
For resale
For
distribution
For resale
£
£
£
£
£
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
-
Work in
progress
Stock
Donated goods		 For
distribution
For resale
For
distribution
For resale
£
£
£
£
£
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - -
-
Work in
progress
Stock
Donated goods
- - - - -
- - - -
This year
Last year
£
£

33

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

Trade debtors Prepayments and accrued income Other debtors

----- Start of picture text -----
This year Last year
£ £
- -
99 2,991
- -
99 2,991
----- End of picture text -----

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Prepayments and accrued income
Other debtors
Total
Trade debtors		 This year
Last year
£
£
- -
- -
- -
- -
- -

34

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

This year
Last year
£
£
Accruals for grants payable
- -
Bank loans and overdrafts (Bounce Back Loan)
50,000 -
Trade creditors
9,294 7,871
Payments received on account for contracts or
performance-related grants
- -
Accruals and deferred income
- -
Taxation and social security
- -
Other creditors
- -
Total
59,294
7,871
20.2 Deferred income
Please explain the reasons why income is deferred.
Movement in deferred income account
Balance at the start of the reporting period
Amounts added in current period
Amounts released to income from previous periods
Amounts falling due within
one year
Balance at the end of the reporting period
Please complete this note if the charity has deferred income.
This year		 This year
Last year
£
£
- -
50,000 -
9,294 7,871
- -
- -
- -
- -
Amounts falling due within
one year		 This year
Last year
£
£
- -
- -
- -
- -
- -
- -
- -

Amounts falling due after
more than one year
59,294
7,871
- -
This year
Last year
£
£
- -
- -
- -
Last year
- -

35

Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Movements in recognised provisions and funding commitment during the period

21.2 Please provide:
- a brief description of any obligations on the
balance sheet and the expected amount and timing of
resulting payments;
- an indication of the uncertainties about the amount
or timing of those outflows; and
- the amount of any expected reimbursement, stating
the amount of any asset that has been recognised for
that expected reimbursement.
21.3 For any funding commitment that is not
recognised as a liability or provision, provide details
of commitment made, the time frame of that
commitment, any performance-related conditions and
details of how the commitment will be funded (with
contracts for capital expenditure separately
identified).
21.4 Where unrestricted funds have been designated
to a fund commitment, please disclose the nature of
any amounts designated and the likely timing of that
expenditure.
Balance at the end of the reporting period
Amounts added in current period
Amounts charged against the provision in the current
Unused amounts reversed during the period
Balance at the start of the reporting period



This year
This year
period		 This year
Last year
£
£
-
-
-
-
-
-
-
-
-
-
Last year
Last year

36

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

This year Last year 22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.

22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

37

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

This year

----- Start of picture text -----
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
Last year
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
----- End of picture text -----

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

This year

This year
Description of item Estimate of financial effect
Last year
Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

Explain any uncertainties relating to the amount or
timing of settlement; and the possibilty of any
reimbursement
Where it is not practical to make one or more of these
disclosures, please state this fact
This year
Last year

38

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other
Cash at bank and on hand
Total
Short term cash investments (less than 3 months maturity date)
Short term deposits		 This year
Last year
£
£
- -
- -
36,687 11,696
- -
36,687 11,696

39

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term Any individual debtor, by their nature, are not Any individual debtor, by their nature, are financial demands) and market risk (the risk that material in terms of the overall turnover of the not material in terms of the overall turnover the value of an investment will fall due to changes business. of the business. in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

40

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the

Please provide details of the nature of the
event
Provide an estimate of the financial effect
of the event or a statement that such an
estimate cannot be made		 This year
Last year
The charity has been badly hit by the
Covid Pandemic. It is hoped that trade
will recover in due course. However, a
new Gym has opened in Witney and
there has been some impact on Gym
membership.
Turnover in 2021 is expected to be
around 40% lower than 2019 (the latest
year Pre Covid). Efforts are being made
to reduce costs. The Manager has
resigned and the role is being covered
by volunteers and less expensive staff.
However, 2021 will in all probability see
the Charity making another loss and will
need the support of the Landlord to
continue trading.

41

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds - - - - - -
----- End of picture text -----*

42

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds - - - - - -
----- End of picture text -----*

43

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

This year

----- Start of picture text -----
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds
Last year
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
Between endowment and
restricted funds
Between endowment and
unrestricted funds
----- End of picture text -----

27.4 Designated funds

This year

This year
27.4 Designated funds
Planned use Purpose of the designation Amount
Last year
Planned use Purpose of the designation Amount

44

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee
Legal authority (eg
order, governing
document)		 Remuneration
Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other
TOTAL
£
£
£
£
£
- -
-
-
-
- -
-
-
-
- -
-
-
-
- -
-
-
-
Amounts paid or benefit value

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Legal authority (eg
order, governing
document)
Name of trustee		 Remuneration
Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other
TOTAL
£
£
£
£
- -
-
-
-
- -
-
-
-
- -
-
-
-
- -
-
-
-
Amounts paid or benefit value

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

45

No trustee expenses have been incurred (True or False)

----- Start of picture text -----
This year Last year
Type of expenses reimbursed
£ £
Travel - -
Subsistence - -
Accommodation - -
Other (please specify): - -
- -
TOTAL - -
----- End of picture text -----

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

This year This year This year This year
There have been no related party transactions in the reporting period (True or False) FALSE
Amounts
Name of the trustee
or related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end		 written off
during
reporting
period
£ £ £ £
Duncan Wood Trustee Rent Paid 82,250

Annual Rent paid of £82,250. This will be lower in 2021 with rent at the time of this report being £6,300 per month.

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

Last year

There have been no related party transactions in the reporting period (True or False)

----- Start of picture text -----
Amounts
written off
Name of the trustee Relationship Description of the Balance at Provision for bad debts
Amount during
or related party to charity transaction(s) period end at period end
reporting
period
£ £ £ £
Duncan Wood Trustee Rent Paid 72,000
Duncan Wood Trustee Equipment 5,000
----- End of picture text -----

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

Annual Rent paid of £72,000. The Trust agreed to buy Legacy Equipment owned by Duncan Wood when the trust first started at a value of £25,000 over two years (£5,000 in 2018, £20,000 in 2019. This is considered to be a fair market value for the equipment.

For any related party, please provide details of any guarantees given or received.

46

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

47

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