FLEET & CROOKHAM ATHLETIC CLUB CHARITY NUMBER 1156074 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 INCOME AND EXPENDITURE ACCOUNT
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOME | ||||
| Income | 10,284 | 3,925 | ||
| Subscriptions | 5,777 | 2,926 | ||
| Affiliation Fees | 127 | 120 | ||
| Kit Fees | 2,663 | 602 | ||
| Other Receipts | 1,717 | 277 | ||
| Coaching Fees | 5,209 | -412 | ||
| Received | 5,209 | 0 | ||
| Refunded | 0 | -412 | ||
| Change in provision | 0 | 0 | ||
| Club Promotions | 69,246 | -15,411 | ||
| 10K | 12,304 | -309 | ||
| Half Marathon | 56,942 | -15,102 | ||
| Interest Received | 22 | 1,554 | ||
| Savings accounts | 22 | 1,554 | ||
| Total Income | 84,761 | -10,344 | ||
| EXPENDITURE | ||||
| Facilities | 16,311 | 1,413 | ||
| HQ | 2,155 | 314 | ||
| Rent/Hire | 14,156 | 1,099 | ||
| Administration | 20,265 | 475 | ||
| Affiliation Fees | 537 | 475 | ||
| Race Fees | 18,490 | 0 | ||
| Printing/postage | 1,239 | 0 | ||
| Activities | 24,765 | 30 | ||
| T&F Competitions | 24,765 | 0 | ||
| Social | 30 | |||
| Other Expenses | 12,456 | 2,868 | ||
| Awards | 3,532 | 100 | ||
| Club Kit | 4,005 | 1,140 | ||
| Donations | 1,675 | 75 | ||
| Coaching Courses | 1,135 | 315 | ||
| Accountant fees | 600 | 600 | ||
| Other | 1,508 | 638 | ||
| Equipment Purchased | 1,132 | 0 | ||
| Club General | 1,132 | 0 | ||
| Insurances | 1,562 | 1,525 | ||
| Insurances | 1,562 | 1,525 | ||
| Total Expenses | 76,491 | 6,310 | ||
| SURPLUS FOR THE YEAR | 8,270 | -16,654 |
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FLEET & CROOKHAM ATHLETIC CLUB CHARITY NUMBER 1156074 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 BALANCE SHEET
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| CURRENT ASSETS | ||||||
| Bank Accounts | Club Accounts | 79,805 | 75,389 | |||
| Current Account | 41,150 | 39,125 | ||||
| Coaching Fee Account | 26,419 | 24,027 | ||||
| Savings Account | 12,237 | 12,236 | ||||
| Half Marathon Accounts | 304,000 | 300,146 | ||||
| Current Account | 98,780 | 94,948 | ||||
| Savings Account | 205,219 | 205,199 | ||||
| Total Cash At Bank | 383,805 | 375,535 | ||||
| Prepaid Expense | 0 | 0 | ||||
| 10K Expenses | 0 | 0 | ||||
| Total Current Assets | 383,805 | 375,535 | ||||
| CURRENT LIABILITIES | ||||||
| Accrued Expenses | 600 | 600 | ||||
| Accountant Fees | 600 | 600 | ||||
| Deferred Income | 3,000 | 3,000 | ||||
| Coaching Fees | 3,000 | 3,000 | ||||
| 10K Income | 0 | 0 | ||||
| Total Current Liabilities | 3,600 | 3,600 | ||||
| NET ASSETS | 380,205 | 371,935 | ||||
| FUNDS OF THE CHARITY | ||||||
| Total Funds Brought Forward | 371,935 | 388,589 | ||||
| Surplus for the Year | 8,270 | -16,654 | ||||
| Total Funds Carried Forward | 380,205 | 371,935 | ||||
| Signed on behalf of all the | Trustees: | |||||
| Date | ||||||
| Date | ||||||
| Page | 2 |
FLEET & CROOKHAM ATHLETIC CLUB CHARITY NUMBER 1156074 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 NOTES TO THE ACCOUNTS
1. Accounting Policies
Basis of preparation
The accounts have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value.
Incoming Resources:
These are included in the Statement of Financial Activities when the charity becomes entitiled to the resources; the Trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
The incoming resources and related expenditure from the Fleet 10K and the Half Marathon are shown net under incoming resources.
Grants and donations are only included in the Statement of Financial Activities when the charity has unconditional entitlement to the resources.
Donated services and facilities are only included in incoming resources where the benefit to the charity the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service of facility received.
Resources Expended:
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Assets
Tangible fixed assets for use by the Charity are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.
Funds
All funds are unrestricted.
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FLEET & CROOKHAM ATHLETIC CLUB CHARITY NUMBER 1156074 ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 NOTES TO THE ACCOUNTS
| 2. Analysis of incoming resources Fleet 10K: Income Expenditure Half Marathon: Income Expenditure 3. Trustee expenses Trustee reimbursements for out-of-pocket expenses or for third party expenses incurred by Trustees 4. Fees for examination of the accounts Independent examiner's fees |
2022 £ 12,304 -8,187 4,117 56,942 -53,413 3,529 1,429 600 |
2021 £ 1,905 -2,214 |
|---|---|---|
| -309 | ||
| 5,260 -20,362 |
||
| -15,102 | ||
| 901 | ||
| 600 |
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