Amber Valley School Sport Partnership (CVS)
Charity Number 1162691
ACCOUNTS
For the year ended 31st August 2021
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Amber Valley School Sport Partnership (CVS)
Charity Number 1162691
ACCOUNTS
For the year ended
31st August 2021
Trustees/Directors
Chair Paul Leeson Sarah Trew Kim Buxton Chris Pienaar
Secretarial Support Sue Pacey
Registered Address
C/O Swanwick School and Sports College Hayes Lane Swanwick Derbyshire DE55 7DR
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Amber Valley School Sport Partnership (CVS)
Charity Number 1162691
ACCOUNTS
For the year ended
31st August 2021
Directors Report
Legal Status
Amber Valley School Sport Partnership is a Charitable Incorporated Organisation (CIO) a registered charity and, therefore has no share capital. The company is governed by a constitution
Exemptions
The Trustees/Directors have taken advantage of the exemptions avaliable to small companies, including the audit exemption (see statement on balance sheet).
Main Activities
Amber Valley School Sport Partnership provides a district programme of inter school Athletic competition feeding into county competive structure. A range of advice and programmes are used to deliver a broad range of activities to encourage children to lead active and healthy lives.
The CIO employs 7 full time members plus casual workers if needed in certain programmes. The 7 full time members are involved in supporting the teaching and learning of the PE Curriculum in 30 schools across Amber Valley
Summary of the Accounting Period
During this financial period there has been a continuation of the previous years strong financial and organic growth.
The company's policy on reserves
We need to, in the next financial year, ensure that we continue to have an excess of income ove expenditure to reinvest as and when necessary
Responsibilities of the Trustees
Company Law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company at the end of the year and of the surplus of deficiency for the year then ended.
In preparing these financial statements, the directors are required to: select suitable accounting policies, as described in the 'notes' section, and apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The Directors must also prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue in business.
The Directors are responsible for keeping the proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the company, and enable them to ensure that the financial statements comply with the Charities Act 2011. The
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directors are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud or other irregularities.
Independent Examiners Statement
This report has been prepared in accordance with section 145 of the act. I can confirm that as a member of the Association of Accounting Technicians I am qualified to undertake the examination.
The Trustees declare that they have approved the Directors' report above.
Signed on behalf of companys Trustees:
Signed Date 24.06.2022
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Newslreel Attounting 819 New Street Alfrelon Derbyshire DE55 7BP
Amber Valley School Sport Partnership (CVS)
Charity Number 1162691
ACCOUNTS
For the year ended
31st August 2021 Independent Examiners Report
Respective responsibilities of the Trustees' and Examiner
The charity's Trustees (who are also Directors of the Company for Company law purposes) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 111 of the Charites Act 2011 and that an independent examination is required.
Having established the company is not subject to audit under company law and eligible for an independent examination it is my responsibility to:
Examine the accounts under section 145 of the 2011 Act.
Follow the procedure laid down in the general directions given by the charity commissioners under section 145(5) of the 2011 Act : and
State whether particular matters have come to my attention.
Basis of the independent Examiner's report
My examination was carried out in accordance with the general directions given by the charity commission. An examination included 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 concerning any such matter. The procedures undertaken do not provide all evidence that would be required in an audit and consequently no opnion 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 statement below.
Independent Examiners Report
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 2006: and
To Prepare accounts which accord with the accounting requirements of the companies Act 2006 and with the methods and principals of the statement of Recommended Practice: Accounting and Reporting by Charities (FRS102 SORP) have to 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.
Signed
Date 24/06/22
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Amber Valley School Sport Partnership Charity Number 1099194 (CIO)
Income and Expenditure Account for the year ended 31st August 2021
| Income Bikeability Dodgeball Holiday Club Oz |
Unrestricted Funds Restricted Funds Total Re-stated Total 2021 2020 Notes £ £ 2 - 12,770 - 214 - 12,471 - 1,301 |
Unrestricted Funds Restricted Funds Total Re-stated Total 2021 2020 Notes £ £ 2 - 12,770 - 214 - 12,471 - 1,301 |
|---|---|---|
| Affiliation | 54,500 63,900 |
|
| Coaching Services 262,091 303,218 Bus Runs 20 20 Grant Funding 230,825 48066 108,720 Resourse Sales 3,500 1,140 Special Delivery 22,065 8,835 Planning 150 375 SGO 5,400 Dan Magness 1,600 Sundry 641 960 Bank Interest 17 34 Total Income 573,809 48,066 621,875 520,958 Expenditure £ £ £ £ Rent & Rates 5685 5,658 Mileage 7298 5,558 Insurance 2049 1,964 Depreciation 2560 3,085 Printing, postage,and stationary 1283 1,030 Telephone 812 764 Office Costs 1165 2,121 Venue Hire 3938 7,508 Equip,computers,maintained & website 3148 2,120 Clothing 3048 1,137 Catering 20258 Repairs 1664 Salaries,pension and other costs 4&5 403399 358,342 Staff training,travel & personnel charges 6,304 - Advertising 855 1,553 Cost of sales 46,553 9,725 60,417 DBS 850 450 Professional Fees 2,984 4,907 Audit and accoutancy 600 720 Bank Charges and financial costs. - - Total Expenses 514,453 9,725 524,178 457,334 Net income/(outgoing) before transfers 97,697 63,624 Net gain/losses on investments - - - Net movement in funds in the year 59,356 38,341 97,697 63,624 Funds brought forward 287,906 115,195 403,101 339,477 Total Funds carried forward 347,262 153,536 500,798 403,101 |
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Amber Valley School Sport Partnership (CIO)
Cash Flow for the year ended
Charity Number 1099194
31st August 2021
| Net income for period | 99300 | |
|---|---|---|
| 0 | ||
| Adjustments for Depreciation | 2560 | |
| Increase in Debtors | -7146 | |
| Increase in Creditors | 13061 | |
| Net Cash used in operational | activity | 107775 |
| Bank & Cash | 31.08.2020 | 355185 |
| Bank & Cash | 31.08.2021 | 247410 |
| Investment | 0 | |
| 107775 |
Amber Valley School Sport Partnership (CIO)
Charity Number 1099194
| Balance Sheet as at 31st August 2021 Re-stated 2021 2,021 2020 2,020 Notes £ £ £ £ Fixed Assets 6 10,243 12,803 Current Assets Debtors 7 17278 10132 Investments 150000 150000 Cash at bank and in hand 355185 247409 522463 407,541 Creditors:Amounts failing due within one year 8 31,908 17,243 Net current Assets/Liabilities 500,798 390,298 Net Assets 10 500,798 403,101 Capitals and reserves Unrestricted Funds: General 500,798 403,101 Capital - - 500,798 403,101 Restricted Fund: Capital - - 500,798 403,101 |
Balance Sheet as at 31st August 2021 Re-stated 2021 2,021 2020 2,020 Notes £ £ £ £ Fixed Assets 6 10,243 12,803 Current Assets Debtors 7 17278 10132 Investments 150000 150000 Cash at bank and in hand 355185 247409 522463 407,541 Creditors:Amounts failing due within one year 8 31,908 17,243 Net current Assets/Liabilities 500,798 390,298 Net Assets 10 500,798 403,101 Capitals and reserves Unrestricted Funds: General 500,798 403,101 Capital - - 500,798 403,101 Restricted Fund: Capital - - 500,798 403,101 |
Balance Sheet as at 31st August 2021 Re-stated 2021 2,021 2020 2,020 Notes £ £ £ £ Fixed Assets 6 10,243 12,803 Current Assets Debtors 7 17278 10132 Investments 150000 150000 Cash at bank and in hand 355185 247409 522463 407,541 Creditors:Amounts failing due within one year 8 31,908 17,243 Net current Assets/Liabilities 500,798 390,298 Net Assets 10 500,798 403,101 Capitals and reserves Unrestricted Funds: General 500,798 403,101 Capital - - 500,798 403,101 Restricted Fund: Capital - - 500,798 403,101 |
Balance Sheet as at 31st August 2021 Re-stated 2021 2,021 2020 2,020 Notes £ £ £ £ Fixed Assets 6 10,243 12,803 Current Assets Debtors 7 17278 10132 Investments 150000 150000 Cash at bank and in hand 355185 247409 522463 407,541 Creditors:Amounts failing due within one year 8 31,908 17,243 Net current Assets/Liabilities 500,798 390,298 Net Assets 10 500,798 403,101 Capitals and reserves Unrestricted Funds: General 500,798 403,101 Capital - - 500,798 403,101 Restricted Fund: Capital - - 500,798 403,101 |
|---|---|---|---|
| 407,541 17,243 |
|||
| 500,798 | 403,101 | ||
| 500,798 - |
403,101 - |
||
| 500,798 - |
403,101 - |
||
| 500,798 | 403,101 |
The financial statements have been prepared in accordance with the provisions relating to companies subject to the small companies regime.
For the financial year ended 31st August 2021 the company was entitled to the exemption from audit under section 477 Companies Act 2006 relating to small companies and the members have not
required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying the requirements of the Companies Act 2006 with respect to accounting records and the preparation of account.
The directors declare that they have approved the accounts above.
Signed
Secretary Date
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Amber Valley School Sport Partnership (CVS)
Charity Number 1162691
ACCOUNTS
For the year ended
31st August 2021 Notes
1. Accounting Policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention of the financial reporting standard FRS 102 and the statement of Recommended Practice on Accounting and Reporting (FRS 102 SORP) and in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.
As stated in the Charities Act 2011 (Group Accounts) Regulations 2015, and the Charities (Accounts and Reports) Regulations 2008, any parent charity where the aggregate gross income of the group, the parent charity and its subsidiaries, does not exceed £1,000,000 after consolidating adjustments, is not required to prepare group accounts. Accordingly group accounts consolidating the financial statements of the charity and it'subsidary undertaking have not been prepared.
Incoming resources
All material incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income:
Voluntary Income by way of donations and gifts is included in the SOFA when received.
Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when receivable. Where entitlement is conditional on the delivery of a specific performance, the income is recognised in the SOFA when that performance has been met.
Grants received for specific projects are classed as restricted funds. Grants towards capital expenditure are released to the SOFA when the assets are purchased from a restricted capital fund.
Donated services and facilities are included in the value to the charity where this can be quantified. The value of the service provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
Activities for generating funds are accountable when receivable.
Income from rent and room hire is accounted for when receivable.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT, which cannot be recovered as the charity is not VAT registered, and is reported as part of the expenditure wo which it relates;
Costs of generating funds comprise the cost associated with attracting voluntary
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income and activities for generating funds.
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of the activities and its services for its beneficiaries. It includes both costs that can be allocated to such activities and those costs of an indirect nature necessary to support them. Expenditure on grants is recorded once the charity has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid whichever is earlier. The charity has not made any grant commitments of more than one year.
Governance costs include costs associated with meeting the constitutional ad statutory requirements of the charity and include the independent Examiners fees and costs linked to the strategic management of the charity.
Costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resources. Cost allocation included an element of judgement and the charity has had to consider the cost benefit of all detailed calculation and record keeping. Directly attributable costs are allocated to the respective cost headings, including support costs where these are directly attributable. Other support costs have been appropriately allocated either on a per capita basis or on an estimated usage basis as considered appropriate.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.
Restricted funds are to be used for a specific purpose in accordance with the restrictions imposed by donors.
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustee's discretion.
The cost of administering each fund are charges against the relevant fund, together with a fair allocation of management costs.
Transfers between funds are made if required and allowed under the restrictions and conditions of the particular funds involved. Where restricted funds become available for general purposes once certain criteria have been met, the surplus of income received over expenditure incurred is then transferred from restricted to unrestricted funds.
Depreciation
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation the trustees have estimated that the original cost of the land and buildings should be allocated 50% to the land and 50% of the building.
Depreciation is calculated so that assets are written down to their residual value over their anticipated useful economic lives. Depreciation is not charged on Freehold land. Depreciation is provided on other assets using the following annual rates:
Freehold land - Not depreciated Freehold Buildings - 50 years Fixtures and fittings - 20% (reducing balance basis) Computer equipment - 20% (straight line basis)
Operating Leases
Rental costs under operating leases are charged to the statement of Financial Activities on a straight line basis over the period of the leases.
Pension Costs
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The company has not made any pension contributions into a Defined Benefit Pension Scheme for it's employees in the year under review. Contributions to defined contribution plans are expensed to the Statement of Financial Activities in the period to which they relate.
Taxation
The charity is exempt from tax on income and gains falling within chapter 3 part II of the Corporation Tax Act 2010 or section 256 of the Taxation and Chargeable Gains Act 1992 to the extent that these are applied to the charitable objectives.
Going Concern
The trustees are continuously reviewing the current position and future activities of the charity and consider it appropriate to prepare financial statements on a going concern basis. The trustees are aware of the requirements for sufficient working capital to meet ongoing running costs and are also aware that the charity is currently reliant, to a certain degree, on grant funding received in advance in order to provide working capital to meet ongoing running costs. If this funding in advance was to significantly reduce and sufficient surpluses were not generated then the trustees may need to seek additional finance, which may require the charity's freehold property to be provided as security.
2 Grants and Donations
| Note 2 Unrestricted fundsRestricted funds £ £ Bikeability JRS GRANTS Amber Valley Council - - 3 Information regarding employees Wages and salaries including NIC Social Security costs Pension Costs The average number on employees, analysed by function Management and administration of the charity Total |
Unrestricted fundsRestricted funds £ £ |
Total 2021 Total 2020 £ £ 12,770 108,230 490 |
|---|---|---|
| - - |
- 121,490 |
|
| 2021 2020 £ £ 324164 22181 11997 |
||
| - 358,342 |
||
| 2021 2020 Number Number 7 7 |
||
| 7 7 |
No employee received remunerations of more than £60,000 No member of the trustee board received any remuneration during the year.
4 Pension Costs
The pension costs shown in the financial statements for the years represents contributions payable by the charity, to a Defined Contribution Pension Scheme,
5 Intangible Fixed Assets
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| Patents and Licenses Cost: At 1st September 2020 Additions At 31st August 2021 |
£ 408 |
|---|---|
| - 408 |
6 Tangible Fixed Assets
| Cost: At 1st September 2020 Additions At 31st August 2020 Depreciation At 1st September 2020 Charge for the year At 31st August 2021 Netbook Value At 31st August 2020 At 31st August 2021 |
Motor Vehicles Fixtures and Fittings Computer Equipmen t Total £ £ £ £ 20,206 125 217 20,548 |
|---|---|
| - - - - - - - - |
|
| 7,811 125 217 8,388 |
|
| 2,560 - |
|
| 10,371 | |
| 9,835 - - 12,803 |
The freehold building Is held in the name of the official Custodian for Charities on behalf of and for usage of the charity.
The change in Accounting Policy Regarding depreciation of freehold building is reflected above - See note 1
| 7 Debtors Other debtors Trade Debtors 8 Creditors: Amounts falling due within one year Trade Creditors Other taxes and social security Accruals and other creditors Deferred Income |
2021 2020 £ 17278 10132 |
|---|---|
| 17,278 10,132 |
|
| 2021 2020 £ £ 6559 8191 24238 8452 1111 600 0 |
|
| 31908 17,243 |
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