Newcastle Fencing and Sports Trust
Trustees Report & Accounts 2024
| 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.
The year covered by this report saw some recovery in activity after the pandemic though the income for the Trust is still not back to normal levels.
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 (non-grant income) increased from £25,854 in the previous year to £27,905. This level of income is depressed by the condition of the building. There were several flooding incidents during the year both from over-flowing gutters and the burst of one of the landlord’s water pipes. The latter incident gave rise to an insurance claim of £46,739 to cover damaged equipment of which £13,338 had been spent on replacements by the year end.
The landlord is well aware of the problems and we are negotiating a move into a smaller, refurbished space on the estate which will hopefully take place in the next financial year.
Meanwhile, the Newcastle Fencing Club has fallen into disarray as a result of the lack of willing volunteers to run and administer the club. It is hoped that the move to new, better premises will help the club re-launch. The club’s contributions towards the rent at £3,758 for the year, are still insufficient.
Service charges of £25,557 were paid in the year reflecting a partial catch up on the previous year.
Towards the end of the year in January 2024, the Trust’s only employee, the Coach, secured alternative employment and left the employment of the Trust. From this time onwards, coaching in local schools will not be possible.
A grant of £2,000 was received from the Sported Foundation during the year.
The Trust recorded a deficit of £321 at the end of the year.
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-24 | 31-Mar-23 | |
| Income | ||
| Donations, fundraising | - | - |
| Schools & University | 18,950 | 18,053 |
| Competitions | - | |
| Fencing Lessons | 675 | 720 |
| Shooting Lessons | 1,932 | 2,680 |
| Pentathlon | 240 | |
| Lessons | 2,847 | 3,400 |
| Camps / Training | - | - |
| NFC / Lindisfarne | 3,758 | 3,076 |
| Facility Hire | 350 | 1,075 |
| Grants | 2,000 | 150 |
| Miscellaneous | - | 100 |
| Exceptional Income | 33,401 | - |
| Total Income | 61,306 | 25,854 |
| Expenditure | ||
| Wages & Salaries | 29,843 | 34,219 |
| Running Costs | - | 425 |
| Stripe Handling Fees | 24 | 52 |
| Coaching | - | - |
| Rent & Service | 25,557 | - |
| Rates | - | - |
| Utilities, Insurance | 3,039 | 4,291 |
| Training | - | - |
| Repairs & Renewals | 180 | - |
| IT | 40 | - |
| Bank Charges | 60 | 60 |
| Depreciation re fittings | 2,500 | 3,000 |
| Miscellaneous | 383 | 303 |
| Total Expenditure | 61,627 | 42,350 |
| Result | (321) | (16,496) |
| Balance Sheet | ||
| Fittings (Note 1) | 17,816 | 20,316 |
| Debtors | - | - |
| Cash | 2,738 | 559 |
| Total Assets | 20,555 | 20,875 |
| Creditors | 6,690 | 6,690 |
| Net Current Assets | 13,865 | 14,185 |
Balance Sheet cont'd
| Reserves b/f | 14,185 | 30,681 | ||
|---|---|---|---|---|
| Loan write off | - | - | ||
| Result for year | (321) | (16,496) | ||
| Reserves c/f | 13,864 | 14,185 | ||
| Notes: | ||||
| 1 | Fittings | |||
| Balance b/f | 20,316 | 21,696 | ||
| Less: Depreciation | 2,500 | 3,000 | ||
| Add: Acquisitions | - | 1,620 | ||
| Balance c/f | 17,816 | 20,316 |
Independent examlnerfs report to the trustees of Newcastle Fencing and Sports Trust I report on the accounts of the Trust for the year ended 31 March 2024, which are set out on page 4 Respectlve responsibllltles of trustees and examlner The trustees (who are also the direttors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under sertion 144{2} of the Charities Act 2011 (the 2011 Attl or under Regulation 10 (l)la) to (cl of The tharrties Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulations) and that an independent exarnination 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 is not subjett 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 sertion 44(1)(c) of the Charities and Trustee Investment (Scotland) Art 2005 (the 2005 Act) to follow the procedures laid down in the general Direction5 given by the Charity Commission under settion 14515}Ib) of the 2011 Act to state whether particular matters have come to my attention Basis of Independent examlnerfs report My examination was carried out in accordan with the general Dlrettions gVen by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006. 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 explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whetherthe accounts present a 'true and fair view. and the report is limited to those matters set out in the next statement. Independent examlnerfs ststement In connertion with my examination: No matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements: a. to keep accounting records in accordance with sertion 386 of the Companies Act 2006 and settion 44(1)la} 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 4411){bl of the 25 Act and Regulation 8 of the 2006 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 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Name: Date: 2• Relevant professional qualification or body: ZCA£4• 7¢*14T Ac4 CK £41 Addre5S.' /,.IL qrf4S