Newcastle Fencing and Sports Trust
Trustees Report & Accounts 2022
| Charity Number: | 1154687 |
|---|---|
| Company Number: | 08696113 |
| Address: | The Fencing Centre, |
| Unit B3, Benfield Business Park, | |
| Benfield Road, | |
| Newcastle upon Tyne, | |
| NE6 4NQ | |
| Website: | https:/www.newcastlefencingsportstrust.org |
| Executive committee: | |
| Chair: | John Dickson |
| Treasurer: | John Dickson |
| Child protection officer: | Jacqui Dixon |
| Trustees: | Paul Counter |
| John Dickson | |
| John Hucker | |
| Heather McGrath | |
| Mike Row | |
| Head Coach: | Iain Aberdeen |
Aim and purpose
To provide a venue, base and coaching facilities to further the sport of fencing to all members of the community.
Objectives and activities
Newcastle Fencing and Sports Trust provides coaching in fencing and shooting to a wide variety of participants ranging from 4 year olds within our child development programme to veteran fencers (40+), plus numerous schools and community groups.
We provide a venue for other community groups, for example the Newcastle Fencing Club, Newcastle Pistol Shooting Club, Newcastle Pentathlon Club and Lindisfarne Fencing Club on a weekly basis.
We host a range of competitions; local youth and school, local senior development and British Fencing Ranking events.
Achievements and performance
We opened the Newcastle Fencing Centre, based in Benfield, Newcastle upon Tyne in January 2015. This was a result of hard work and fundraising from a dedicated team of volunteers and the generosity of our sponsor, Owen Pugh.
The Centre has provided a base for the fencing clubs; Newcastle Fencing Club and Lindisfarne Fencing Club and also for Newcastle Pentathlon Club since that date.
As a result of the Covid-19 pandemic, the Fencing Centre has been closed for some of the year covered by this report. During periods of closure, normal operations, such as providing fencing coaching to local schools and the University, have not been possible. However, where possible, and with appropriate precautions, fencing and shooting activities have been provided.
The Trust continued to take appropriate steps to ensure its survival, keeping the Head Coach on furlough and applying for Coronavirus support grants where appropriate and possible. In addition, grant funding for specific projects has been sought, successfully in most cases.
The Trust’s website has continued to perform remarkably well as a means of attracting new participants and also booking and paying for sessions, both for beginner’s fencing courses and pistol shooting. Total revenue of £2,845 was collected over the website and paid into the Trust account via Stripe.
Trustee Recruitment and Training
The Governing body requires breadth and depth of experience to carry out its duties effectively and efficiently. All five trustees continued to serve throughout the year.
Financial Review
Income generated by normal operations rose by 91% from the previous year to £12,686. This is a substantial improvement over the previous year, but a long way from normal. Over the three years prior to the pandemic, nongrant income averaged in excess of £51,000 each year. Meanwhile, the Trust’s operations were supported by continuing grant income as follows:
| NFST Grant Income 2021-22 | |
|---|---|
| Sported Foundation | £200 |
| Arnold Clark | £1,000 |
| Sport England / Lottery | £9,600 |
| HMRC Coronavirus Job Retention Scheme | £12,900 |
| Newcastle City Council Coronavirus Support | £16,000 |
| Total | £39,700 |
Throughout the year the Trust has provided support to the Newcastle Fencing Club by providing facilities free of charge. The financial contribution from the Club represents an important part of the income of the Trust. Since restarting operations early in 2022, the Club has elected a new committee and, since the end of the financial year, restarted financial contributions to the Trust.
The remaining categories of expenditure remained more or less in-line with previous years.
The reserves are retained to further the aims and objectives of the charity.
Financial Statements:
| Newcastle Fencing & Sports Trust | |||
|---|---|---|---|
| CRN: 08696113 | |||
| UTR: 7567928795 | 12 Months to | 12 | Months to |
| 31-Mar-22 | 31-Mar-21 | ||
| Income | |||
| Donations, fundraising | 34 | 61 | |
| Schools & University | 8,722 | 1,437 | |
| Competitions | - | - | |
| Fencing Lessons | 900 | - | |
| Shooting Lessons | 2,229 | 382 | |
| Lessons | 3,129 | 382 | |
| Camps / Training | - | 1,245 | |
| NFC / Lindisfarne | - | 2,901 | |
| Grants | 39,700 | 84,788 | |
| Miscellaneous | 350 | 600 | |
| Exceptional Income | - | - | |
| Total Income | 52,386 | 91,413 | |
| Expenditure | |||
| Wages & Salaries | 36,893 | 39,407 | |
| Running Costs | 1,125 | 3,226 | |
| Stripe Handling Fees | 57 | ||
| Coaching | - | 2,083 | |
| Rent & Service | 12,851 | 20,557 | |
| Rates | - | - | |
| Utilities, Insurance | 4,195 | 3,391 | |
| Training | - | 602 | |
| Repairs & Renewals | 1,419 | ||
| IT | 1,115 | ||
| Depreciation re fittings | 4,000 | 4,000 | |
| Miscellaneous | 560 | 8,655 | |
| Total Expenditure | 62,214 | 81,902 | |
| Result | (9,828) | 9,493 | |
| Balance Sheet | |||
| Fittings (Note 1) | 21,696 | 22,523 | |
| Debtors | - | - | |
| Cash | 15,675 | 24,677 | |
| Total Assets | 37,372 | 47,200 | |
| Creditors | 6,690 | 6,690 | |
| Net Current Assets | 30,682 | 40,510 |
| Balance Sheet cont’d | Balance Sheet cont’d | ||
|---|---|---|---|
| Reserves b/f | 40,510 | 31,017 | |
| Loan write off | - | - | |
| Result for year | (9,828) | 9,493 | |
| Reserves c/f | 30,681 | 40,510 | |
| Notes: | |||
| 1 | Fittings | ||
| Balance b/f | 22,523 | 9,999 | |
| Less: Depreciation | 4,000 | 4,000 | |
| Add: Acquisitions | 3,173 | 16,524 | |
| Balance c/f | 21,696 | 22,523 |
Independent examiner's report to the trustees of Newcastle Fenclng and Sports Trust I report on the accounts of the Trust for the year ended 31 March 2022. which are Set out on page 4 Respective responsibilities of trustees and examiner The trustees Iwho are also the direttors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) or under Regulation 10 Illlal to Icl of The Charities Accounts Iscotlandl RegLtlations 26 (the 26 Accounts Regulations) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and l am qualified to undertake the examination by being a qualified member of ICAEW. Having satisfied myself that the charity 15 not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act and section 44llllcl of the Charities and Trustee Investment Iscotlandl Act 2CKJS (the 2005 Act) to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act to state whether particular matters have come to my attention Basis of independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 21X)6. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustee5 concerning any such matters. The prOdureS undertaken do r)ot provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the next statement. Independent examlnerfs statement In connection with my examination: No matter has come to my attention= which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 21x16 and section 441lllal of the 2005 Act and b. to prepare accounts which accord with the accounting records. comply with the accounting requirements of the Companies Act 2006, section 44llllbl of the 25 Act and Regulation 8 of the 26 Accounts Regulations and which are consistent with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Name.. sno Date: Relevant professional qualification or body= Address..