Charity registration number: 1155057
TAUNTON ATHLETICS CLUB TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Redland Consultancy
## Taunton Athletics Club Contents
||Page|
|---|---|
|Trustees’ Report|1-3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Comparative Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8—12|
|The following pages do not farm part of the statutory accounts:||
|DetailedStatementofFinancialActivities|13|
## Taunton Athletics Club Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
## Objectives and Activities
## Aims and Objectives
The object of Taunton Athletics Club is to promote healthy activity for the benefit of the inhabitants of Taunton and the surrounding district by the provision of facilities for athletics. In support of these aims:
1. The club is committed to treat everyone equally within the context of its activity. This shall be, for example, regardless of sex, ethnic origin, religion, disability or political persuasion, or any grounds.
2. The club shall implement the English Athletics equal opportunities policy. 3. The club will offer coaching and competitive opportunity in track and field, cross country, road running and sports hall (junior) athletics.
4. The club shall promote athletics within the local community along with providing the wider community with support and coaching.
5. The club shall ensure a duty of care to all members of the club.
## Public Benefit
1. The club is committed to treat everyone equally within the context of its activity. This shall be, for example, regardless of sex, ethnic origin, religion, disability or political persuasion, or any grounds.
2. The club shall implement the English Athletics equal opportunities policy. 3. The club will offer coaching and competitive opportunity in track and field, cross country, road running and sports hall (junior) athletics.
4. The club shall promote athletics within the local community along with providing the wider community with support and coaching.
5. The club shall ensure a duty of care to all members of the club.
The trustees confirm that they have complied with the requirements of Section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## Achievements and Performance
## Main Achievements
We now seea significant number of our athletes competing in County level competitions. In addition, the numbers both individually and as a team competing at National level are now regularly increasing. We continue to benefit from a very strong coaching structure with at least six of our coaches having competed or coached at International level.
## Financial Review
## Financial Position
Income from membership and training increased from 2024 with £51,809 received in the year (2024: £47,069, mainly due to a price increase. Overail, a surplus of £13,418 was achieved for the year (2024: £6,273) in the unrestricted funds. The increase is due to the return of the Monument Race in 2025 and fewer major repair works beind carried out.
## Reserves Policy
The trustees’ policy is for a minimum of £10,000 of free reserves to be held at all times, as this is considered enough to cover three months’ operating expenditure.
The free reserves of the charity at 31 March 2025 are made up of unrestricted funds of £149,848 (2024: £136,430) less fixed assets of £48,279 (2024: £50,154), giving free reserves of £101,569 (2024: £85,375). While this higher than the required minimum, a number of large projects are planned that require the use of the reserves, including the complete relaying of the track in the coming years. This is expected to cost the club in excess of £150,000.
Page 1
## Taunton Athletics Club Trustees’ Report (continued) For The Year Ended 31 March 2025
## Reference and Administrative Details
## Trustees
Mr Benedict Hawkins - Treasurer Mr Steven Ladd - Chairman Mr James Kidd - Trustee Mr Richard Llewellyn-Eaton - President Mr Sean Walton - Trustee
## Charity Number
1155057
## Principal Address
6 Lodge Close Taunton Somerset TAL 53T
## Independent Examiner
Peregrine Accounting Ltd FCCA Dennett House 11 Middle Street Taunton TAL ISH
Page 2
## Taunton Athletics Club Trustees’ Report (continued) For The Year Ended 31 March 2025
## Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
- e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charity SORP;
- e make judgments and accounting estimates that are reasonable and prudent; and e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees’ report was approved by the board of trustees and signed on its behalf by:
Mr Steven Ladd
> TrusteeDate > 3/1/2G.
Page 3
## Taunton Athletics Club Independent Examiner's Report to the Trustees of Taunton Athletics Club For The Year Ended 31 March 2025
I report to the trustees on my examination of the accounts of Taunton Athletics Club (the Trust) for the year ended 31 March 2025.
## Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act”),
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2, the accounts do not accord with those records; or
3, the accounts do not comply with the applicable requirements concerning the form and contents 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.
## hig Willard 12 January 2026
## Peregrine Accounting Ltd FCCA
Date Dennett House 11 Middle Street Taunton TAI iSH
Page 4
## Taunton Athletics Club Statement of Financial Activities For The Year Ended 31 March 2025
|||||2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|z|£|£|
|INCOME AND ENDOWMENTS FROM:||||||
|Donations and legacies||-|-|-|150|
|Charitable activities|3|57,625|-|57,625|48,334|
|Other trading activities||4,296|-|4,296|1,670|
|||61,921|-|61,921|50,154|
|EXPENDITURE ON:||||||
|Raising funds||(2,006)|-|(2,006)|(529)|
|Charitable activities||(46,497)|(3,975)|(50,472)|(47,327)|
|||(48,503)|(3,975)|(52,478)|(47,856)|
|NETINCOME||13,418|(3,975)|9,443|2,298|
|NET MOVEMENT IN FUNDS||13,418|(3,975)|9,443|2,298|
|RECONCILIATION OF FUNDS:||||||
|Total funds brought forward||136,430|71,671|208,101|205,803|
|TOTALFUNDSCARRIEDFORWARD|10|149,848|67,696|217,544|208,101|
The notes on pages 8 to 12 form part of these financial statements.
Page 5
## Taunton Athletics Club Comparative Statement of Financial Activities For The Year Ended 31 March 2025
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**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|2024|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|Notes|&|£|&|
|INCOME|AND|ENDOWMENTS|FROM:|
|Donations|and|legacies|150|-|150|
|Charitable|activities|3|48,334|-|48,334|
|Other|trading|activities|1,670|-|1,670|
|50,154|-|50,154|
|EXPENDITURE|ON:|
|Raising|funds|(529)|-|(529)|
|Charitable|activities|(43,352)|(3,975)|(47,327)|
|(43,881)|(3,975)|(47,856)|
|NET|INCOME|6,273|(3,975)|2,298|
|NET|MOVEMENT|IN|FUNDS|6,273|(3,975)|2,298|
|RECONCILIATION|OF|FUNDS:|
|Total|funds|brought|forward|130,157|75,646|205,803|
|TOTAL|FUNDS|CARRIED|FORWARD|10|136,430|71,671|208,101|
|AAT Se|
**----- End of picture text -----**
The notes on pages 8 to 12 form part of these financial statements.
Page 6
## Taunton Athletics Club Statement of Financial Position As At 31 March 2025
|||||2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|FIXED ASSETS||||||
|Tangible Assets|7|48,279|67,696|115,975|122,726|
|||48,279|67,696|115,975|122,726|
|CURRENTASSETS||||||
|Stocks|s|5,290|-|5,290|7,407|
|Cash at bank and in hand||98,801|-|98,801|79,521|
|||104,091|-|104,091|86,928|
|Creditors: Amounts Falling Due Within OneYear|9|(2,522)|-|(2,522)|(1,553)|
|NET CURRENTASSETS (LIABILITIES)||101,569|-|101,569|85,375|
|TOTALASSETS LESS CURRENT LIABILITIES||149,848|67,696|217 544|208,101|
|NETASSETS||149,848|67,696|217,544|208,101|
|FUNDS OF THE CHARITY||||||
|Restricted Funds||||67,696|71,671|
|Unrestricted Funds||||149,848|136,430|
|TOTAL FUNDS|10|||217,544|208,101|
|Onbehalfoftheboard||||||
Mr Steven Ladd
Trustee Date
The notes on pages 8 to 12 form part of these financial statements.
Page 7
## Taunton Athletics Club Notes to the Financial Statements For The Year Ended 31 March 2025
## 1. General Information
Taunton Athletics Club is an unincorporated charity registered with the Charity Commission, registered charity number 1155057. The principal address is 6 Lodge Close, Taunton, Somerset, TA1 5JT.
## 2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
2.2, Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition, seldom equal the related actual results.
The trustees are of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
2.3. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.4. Incoming Resources
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations and grants are recognised when the charity has been notified in writing of both the amount and settlement date.
Deferred income comprises membership fees and competition licences paid in advance of the new membership year.
2.5. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual vaiue, over their expected useful lives on the following bases:
Freehold
straight line over 28 years
Page 8
## Taunton Athletics Club Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
2.7. Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
## 2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 2.9. Financial Instruments
The charity only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are recognised at transaction price and subsequently measured at their amortised cost.
## 2.10. Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended on which it is incurred,
3. Income from Charitable Activities
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Unrestricted|
|funds|funds|
|£|F|
|Charitable|activities:|
|Senior|Subscriptions|34,547|30,846|
|Junior|Subscriptions|15,286|15,148|
|Joining|fees|1,976|1,075|
|Monument|race|income|4,157|-|
|Mansfield|1,659|1,265|
|57,625|48,334|
|income|from|charitable|activities|in|both|2025|&|2024|was|unrestricted.|
|Support|Costs|
|2025|
|Raising|Charitable|
|funds|activities|Total|
|£|£|£|
|Employee|costs:|
|Coaching|Costs|-|3,535|3,535|
|Premises|expenses:|
|Rent|-|18,298|18,298|
|Rates|-|55|55|
|Repairs|and|maintenance|-|4,061|4,061|
|General|administration:|
|Hire|and|leasing|of|plant,|equipment|and|vehicles|-|818|818|
|Computer|software,|consumables|and|maintenance|-|1,150|1,150|
|Repairs,|renewals|and|maintenance|-|2,440|2,440|
|Insurance|-|1,419|1,419|
|. CONTINUED|
**----- End of picture text -----**
All income from charitable activities in both 2025 & 2024 was unrestricted.
4. Support Costs
Page 9
## Taunton Athletics Club Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
||Independent examiner's fees||-|110|110|
|---|---|---|---|---|---|
||Accountancy fees||-|450|450|
||Bank charges||-|3,005|3,005|
||Entry/affiliation fees/licences||-|3,990|3,990|
||Mansfield costs||-|1,851|1,851|
||Kit costs|2,006||:|2,006|
||Monument race costs||-|2,539|2,539|
|Depreciation:||||||
||Depreciation||-|6,751|6,751|
|||2,006||50,472|52,478|
||||||2024|
|||Raising
funds|Charitable
activities||Total|
|||€||£|£|
|Employee costs:||||||
||Coaching Costs||-|2,000|2,000|
|Premises expenses:||||||
||Rent||-|18,298|18,298|
||Rates||-|450|450|
||Repairs and maintenance||-|1,340|1,340|
|General administration:||||||
||Hire and leasing of plant, equipment and vehicles||-|2,850|2,850|
||Computer software, consumables and maintenance||-|569|569|
||Repairs, renewals and maintenance||-|8,178|8,178|
||Insurance||-|564|564|
||Independent examiner’s fees||-|150|150|
||Accountancy fees||-|403|403|
||Bank charges||-|2,572|2,572|
||Entry/affiliation fees/licences||-|1,511|1,511|
||Mansfield costs||-|1,691|1,691|
||Kit costs|529||-|529|
|Depreciation:||||||
||Depreciation||-|6,751|6,751|
|||529||47,327|47,856|
|||StA||||
|Expenditure|Expenditure on charitable activities in 2025 and 2024 was unrestricted, except for £3,975||clubhouse|depreciation||
|5.|Independent Examiner's Remuneration|||||
||||2025||2024|
||||£||£|
|Independent examination of the financial statements||||110|150|
|Other assurance services||||-|-|
|Tax advisory services||||-|-|
|Other financial services||||-|-|
|||||110|150|
||||I=.|||
|6.|AverageNumberofEmployees|||||
Expenditure on charitable activities in 2025 and 2024 was unrestricted, except for £3,975 clubhouse depreciation
5. Independent Examiner's Remuneration
Average number of employees during the year was: NIL (2024: NIL)
Page 10
## Taunton Athletics Club Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|7.|Tangible|Assets|
|Land|&|
|Property|
|Freehold|
|4|
|Cost|
|As|at|1|April|2024|189,017|
|As|at|31|March|2025|189,017|
|Depreciation|
|As|at|1|April|2024|66,291|
|Provided|during|the|period|6,751|
|As|at|31|March|2025|73,042|
|Net|Book Value|
|As|at|31|March|2025|115,975|
|As|at|1|April|2024|122,726|
|8.|Stocks|
|2025|2024|
|£|£|
|Stock|5,290|7,407|
|9.|Creditors:|Amounts|Falling|Due|Within|One|Year|
|2025|2024|
|£|£|
|Other|creditors|2,522|1,553|
|10.|Movement|in|Funds|
|As|at|1|April|As|at|3i|
|2024|Income|Expenditure|March|2025|
|£|£|£|£|
|Unrestricted|funds|
|General:|
|General|unrestricted|fund|136,430|61,921|(48,503)|149,848|
|Restricted|funds|
|Restricted|71,671|-|(3,975)|67,696|
|Total|funds|208,101|61,921|(52,478)|217,544|
|As|at|1|April|As|at|31|
|2023|Income|Expenditure|March|2024|
|£|£|£|£|
|Unrestricted|funds|
|General:|
|General|unrestricted|fund|130,157|50,154|(43,881)|136,430|
|.. CONTINUED|
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Page il
## Taunton Athietics Club Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
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**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|Restricted|funds|
|Restricted|75,646|-|(3,975)|71,671|
|Total|funds|205,803|50,154|(47,856)|208,101|
|SSS LIA TS|[LT]|Se|
**----- End of picture text -----**
## 11. Transactions with Trustees
No trustee expenses have been incurred.
## 12. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note,
Page 12
## Taunton Athletics Club Detailed Statement of Financial Activities For The Year Ended 31 March 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Total|Total|
|funds|funds|
|£|£|
|INCOME|AND|ENDOWMENTS|FROM:|
|Donations|and|legacies|
|Donations|and|gifts|-|150|
|-|150|
|Charitable|Activities:|
|Charitable|activities|
|Senior|Subscriptions|34,547|30,846|
|Junior|Subscriptions|15,286|15,148|
|Joining|fees|1,976|1,075|
|Monument|race|income|4,157|-|
|Mansfield|1,659|1,265|
|57,625|48,334|
|Other|trading|activities|
|Kit|sales|1,598|527|
|Track|hire|income|2,698|1,143|
|4,296|1,670|
|61,921|50,154|
|EXPENDITURE|ON:|
|Raising|funds|
|Kit|costs|(2,006)|(529)|
|(2,006)|(529)|
|Charitable|Activities:|
|Charitable|activities|
|Coaching|Costs|(3,535)|(2,000)|
|Rent|(18,298)|(18,298)|
|Rates|(55)|(450)|
|Repairs|and|maintenance|(4,061)|(1,340)|
|Hire|and|leasing|of|plant,|equipment|and|vehicles|(818)|(2,850)|
|Computer|software,|consumables|and|maintenance|(1,150)|(569)|
|Repairs,|renewals|and|maintenance|(2,440)|(8,178)|
|Insurance|(1,419)|(564)|
|Independent|examiner's|fees|(110)|(150)|
|Accountancy|fees|(450)|(403)|
|Bank|charges|(3,005)|(2,572)|
|Entry/affiliation|fees/licences|(3,990)|(1,511)|
|Mansfield|costs|(1,851)|(1,691)|
|Monument|race|costs|(2,539)|-|
|Depreciation|(6,751)|(6,751)|
|(50,472)|(47,327)|
|(52,478)|(47,856)|
|NET INCOME|9,443|2,298|
**----- End of picture text -----**
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