2021-07-31-accounts

REGISTERED CHARITY NUMBER: 1169065

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

VISTA TWISTERS

McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 1BL

VISTA TWISTERS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet		6
Notes to the Financial Statements	7	to	13
Detailed Statement of Financial Activities		14

VISTA TWISTERS

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2021

TRUSTEES D J Harcourt (Chairman) Ms S L Kemp (Programme Coordinator) L Hand C Andersen

PRINCIPAL ADDRESS C/O 32 Peak Drive Eastry SANDWICH Kent CT13 0DZ REGISTERED CHARITY 1169065 NUMBER INDEPENDENT EXAMINER McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 1BL

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VISTA TWISTERS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021

The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of 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).

Vista Twisters was formed as a Charitable Incorporated Organisation (CIO) on 6 September 2016, and started operating on 12 October 2016 when the assets of Vista Twisters, a club, were transferred to it.

OBJECTIVES AND ACTIVITIES

Objectives and aims

To provide and promote community participation in healthy recreation by providing facilities and coaching for the sport of cheerleading and related gymnastics activities.

Significant activities

Vista Twisters offers sporting and recreational activities that by their nature contribute to improving physical and mental health. There are significant social benefits by being part of a well governed and administered voluntary club which promotes teamwork and togetherness. The club continues to maintain a very high profile in the local community as an excellent grass roots sports club that has achieved elite status as a result of significant national success. In non-restricted times the club also supports local fetes and events, carnivals and delivers activities in schools throughout the South East.

Public benefit

Comprehensive development plans and business performance monitoring helps the CIO deliver a diverse programme that is accessible and inclusive. Pathways exist to take pre-school children from play to sports performance at the highest levels. The progression of the CIO led to the conversion of a redundant factory into a public sports facility for the entire community. Documented and reviewed business plans, policies and procedures exist to ensure the organisation and its trustees have full regard to public benefit.

Staff and volunteers

The CIO employed a contractor from August 2019 to secure a building and provide a management service that included building operations and club development. The 3-year service agreement will be reviewed in the next period. This role has been crucial to service the requirements of a closed building, maintain the membership and apply for relevant financial support.

Volunteer coaches delivered a range of online fitness classes through all lockdown, which kept children, young people and adults engaged as much as possible. The voluntary board and support team 'met' online every month to monitor finances and changes to guidance.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Prior to March 2020 the demand for activities had grown with the club achieving the highest number of competitive athletes (155) in its 12 year history, across 13 squads aged 4 to adult. The acquisition of a gym enabled the club to broaden the programme and offer activities outside of the normal cheer schedule. Sadly, the pandemic curtailed all activities in schools, ceased training at the venue and all but one event/competition was cancelled.

Covid 19/Lockdowns/Return to Play

At the start of the new season in August 2020 the programme was finally able to open with a 'soft' programme. Our sport involves teamwork and full contact which meant the actual sport of cheer could not be practised, only offering outdoor sessions initially, and later conditioning and tumbling in small groups.

Poor planning, communication and guidance from related sports bodies and government departments severely hampered the club's ability to bounce back and plan an effective recovery. The key period of recruitment for our sport is July/August try outs, and the seemingly never-ending restrictions on indoor team sport made this challenging.

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VISTA TWISTERS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021

In August 2020 the club had lost 20 competitive athletes from the previous season. Retaining 135 was considered a huge success. The lockdown in November 2020, through to April 2021, was a further blow and led to an additional loss of 25 athletes meaning some 30% of the club membership from March 2020 had been lost.

Finally, in April 2021, the sport of cheer was given the go ahead and the programme restarted. The club staff and volunteers entered an intense period driven by the need to recruit new athletes and prepare for a full season of training and competitions, and maybe a trip to the USA.

The disappointment of closure and loss of events and competitions made retention of athletes difficult. Fortunately, the National Championships did go ahead at the Bournemouth International Centre in July 2021. This event provided an important opportunity for cheer clubs and families to come together and celebrate our sport.

At the end of July 2021, the club had managed to add 30 competitive athletes to the programme. Encouraging, but still 15 less than prior to the pandemic. The future is considered optimistic but tinged with the reality that lockdowns could happen again. It will take some 12 - 18 months to recover financially and get close to the position originally set out in the August 2019 business plan.

FINANCIAL REVIEW

Financial position

At 31 July 2021 the charity held unrestricted reserves of £92,796 (2020 - £99,815)

Reserves policy

The reserves policy of the charity has been adjusted to reflect the loss of income from lockdowns. The reality of the situation is that reserves have been depleted considerably.

It must be recognised within this report that if it was not for so many committed families, paying fees throughout all lockdowns, the club would not have survived, and a great community asset would have been lost. The Vista Twisters cannot thank these families enough.

Rent and utility payment deferrals and other measures have also been crucial to keeping money in the CIO current account, in order to pay bills, manage competition payments, uniform purchases etc. Whilst the CIO current account indicates the financial position is strong, the underlying reasons for this is prudent financial management focusing on spreading large payments over a longer period (rent/utilities/gym flooring) and asking members to pay future competition entry fees up front.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation. The charity has the benefits of limited company status without the requirement to file returns to Companies House.

Recruitment and appointment of new trustees

Trustee vacancies are advertised, and applicants must first pass a formal interview before being allocated a post. At every annual general meeting, one-third of the charity trustees shall retire from office. The trustees that have been longest in office since their appointment shall retire first. There will be no more than 12 trustees at any one time.

Approved by order of the board of trustees on 24 May 2022 and signed on its behalf by:

D J Harcourt - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VISTA TWISTERS

Independent examiner's report to the trustees of Vista Twisters

I report to the charity trustees on my examination of the accounts of Vista Twisters (the Trust) for the year ended 31 July 2021.

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 Act and in carrying out my examination I have followed all 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 content 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.

I D Pascall FCA McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 1BL

25 May 2022

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VISTA TWISTERS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Registration, coaching and competition fees 113,296 Uniform and associated costs - Total 113,296 EXPENDITURE ON Charitable activities Registration, coaching and competition fees 20,274 Uniform and associated costs - Operating costs 100,041 Total 120,315 NET INCOME/(EXPENDITURE) (7,019) RECONCILIATION OF FUNDS Total funds brought forward 99,815 TOTAL FUNDS CARRIED FORWARD 92,796	Restricted funds £ 5,000 - 5,000 - - 2,500 2,500 2,500 1,368 3,868	2021 Total funds £ 118,296 - 118,296 20,274 - 102,541 122,815 (4,519) 101,183 96,664	2020 Total funds £ 146,198 12,384 158,582 50,396 13,180 99,184 162,760 (4,178) 105,361 101,183

The notes form part of these financial statements

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VISTA TWISTERS

BALANCE SHEET 31 JULY 2021

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 36,944 CURRENT ASSETS Stocks 6 1,665 Debtors 7 26,761 Cash at bank 75,273 103,699 CREDITORS Amounts falling due within one year 8 (47,847) NET CURRENT ASSETS 55,852 TOTAL ASSETS LESS CURRENT LIABILITIES 92,796 NET ASSETS 92,796 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - 1,228 19,885 21,113 (17,245) 3,868 3,868 3,868	2021 Total funds £ 36,944 1,665 27,989 95,158 124,812 (65,092) 59,720 96,664 96,664 92,796 3,868 96,664	2020 Total funds £ 47,572 1,970 66,496 61,286 129,752 (76,141) 53,611 101,183 101,183 99,815 1,368 101,183

The financial statements were approved by the Board of Trustees and authorised for issue on 24 May 2022 and were signed on its behalf by:

D J Harcourt - Trustee

The notes form part of these financial statements

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

1. STATUTORY INFORMATION

Vista Twisters is a Charitable Incorporated Organisation registered in England. The charity's registered number, principal address and nature of operations can be found in the Report of the Trustees and on page 1.

On 11 November 2019, the charity moved into a new premises at The Base, Unit 2, Hollow Wood Road, Dover, Kent, CT17 0UB.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows.

Going concern

No material uncertainties exist regarding the charity and on this basis the assessment of the trustees is that the charity is a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

In accordance with the SORP, no amounts have been included in these financial statements to reflect the value of services provided free of charge to the charity by volunteers.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% reducing balance Fixtures and fittings - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

continued...

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

2. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

3. TRUSTEES' REMUNERATION AND BENEFITS

During the year Ms S L Kemp received £nil (2020 - £100) for services as compere at the Kent School Games event.

Trustees' expenses

During the year no trustees were reimbursed for expenses (2020 - £nil).

4.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Registration, coaching and competition fees 132,837 Uniform and associated costs 12,384 Total 145,221 EXPENDITURE ON Charitable activities Registration, coaching and competition fees 38,917 Uniform and associated costs 13,180 Operating costs 99,184 Total 151,281 NET INCOME/(EXPENDITURE) (6,060) Transfers between funds 15,464 Net movement in funds 9,404 RECONCILIATION OF FUNDS Total funds brought forward 90,411 TOTAL FUNDS CARRIED FORWARD 99,815	Restricted funds £ 13,361 - 13,361 11,479 - - 11,479 1,882 (15,464) (13,582) 14,950 1,368	Total funds £ 146,198 12,384 158,582 50,396 13,180 99,184 162,760 (4,178) - (4,178) 105,361 101,183

continued...

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

5. TANGIBLE FIXED ASSETS

Equipment £ COST At 1 August 2020 55,438 Additions 1,547 At 31 July 2021 56,985 DEPRECIATION At 1 August 2020 12,736 Charge for year 11,062 At 31 July 2021 23,798 NET BOOK VALUE At 31 July 2021 33,187 At 31 July 2020 42,702 6. STOCKS Stock of uniform and training wear 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Sundry debtors Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Income received in advance Accrued expenses and sundry creditors	Fixtures and fittings £ 6,493 140 6,633 1,623 1,253 2,876 3,757 4,870 2021 £ 1,665 2021 £ 27,989 - 27,989 2021 £ 22,647 42,445 65,092	Totals £ 61,931 1,687 63,618 14,359 12,315 26,674 36,944 47,572 2020 £ 1,970 2020 £ 37,536 28,960 66,496 2020 £ 53,053 23,088 76,141

continued...

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year Between one and five years In more than five years	2021 £ 45,600 182,400 372,400 600,400	2020 £ 45,600 182,400 418,000 646,000

10. MOVEMENT IN FUNDS

Unrestricted funds General fund Restricted funds Kent Community Foundation World Championships TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Kent Community Foundation Kent Commissioning Programme TOTAL FUNDS	At 1.8.20 £ 99,815 - 1,368 1,368 101,183 Incoming resources £ 113,296 2,500 2,500 5,000 118,296	Net movement At in funds 31.7.21 £ £ (7,019) 92,796 2,500 2,500 - 1,368 2,500 3,868 (4,519) 96,664 Resources Movemen expended in funds £ £ (120,315) (7,019) - 2,500 (2,500) - (2,500) 2,500 (122,815) (4,519)

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net movement At 1.8.19 in funds £ £ Unrestricted funds General fund 90,411 (6,060) Restricted funds KCC Grant - 514 Aviva Grant 9,990 - Kent Trust for Youth Sport Grant 960 - Kent Community Foundation 4,000 - World Championships - 1,368 14,950 1,882 TOTAL FUNDS 105,361 (4,178) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 145,221 Restricted funds KCC Grant 2,189 World Championships 11,172 13,361 TOTAL FUNDS 158,582

Transfers between At funds 31.7.20 £ £ 15,464 99,815 (514) - (9,990) - (960) - (4,000) - - 1,368 (15,464) 1,368 - 101,183 Resources Movement expended in funds £ £ (151,281) (6,060) (1,675) 514 (9,804) 1,368 (11,479) 1,882 (162,760) (4,178)

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Restricted funds KCC Grant Aviva Grant Kent Trust for Youth Sport Grant Kent Community Foundation World Championships TOTAL FUNDS	At 1.8.19 £ 90,411 - 9,990 960 4,000 - 14,950 105,361	Net movement in funds £ (13,079) 514 - - 2,500 1,368 4,382 (8,697)	Transfers between funds £ 15,464 (514) (9,990) (960) (4,000) - (15,464) -	At 31.7.21 £ 92,796 - - - 2,500 1,368 3,868 96,664

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds KCC Grant Kent Community Foundation World Championships Kent Commissioning Programme TOTAL FUNDS	Incoming resources £ 258,517 2,189 2,500 11,172 2,500 18,361 276,878	Resources Movemen expended in funds £ £ (271,596) (13,079) (1,675) 514 - 2,500 (9,804) 1,368 (2,500) - (13,979) 4,382 (285,575) (8,697)

KCC Grant: This is school satellite funding provided by Kent County Council and enables Vista Twisters to run after school cheerleading clubs in specific schools. Funding is allocated to pay for coaches to deliver sessions in school and also to support coach development/training and some travel expenses. The aim of the scheme is to introduce the sport and encourage the school to run clubs themselves, linked to the Vista Twisters. Children can also access the community sessions provided by the club as a direct result of these sessions. The charity's accounting policy is not to attribute a value to volunteer coaches. Because the school sessions were mostly delivered by volunteer coaches an accounting "surplus" has arisen which is not repayable to KCC and it has, therefore, been transferred to unrestricted funds.

World Championships: Two teams qualified for the World Championships in Florida with the trip being funded through athlete contributions and fundraising. The funds received are to be spent on competition costs which include travel, accommodation and uniforms.

Kent Commissioning Programme: Kent County Council awarded £2,500 for Level 10 (Management Company) to deliver non Vista Twister activities in schools.

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VISTA TWISTERS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

10. MOVEMENT IN FUNDS - continued

Kent Community Foundation: £2,500 of funding was received in the year towards the Bluesbeaters project which aims to support children with anxiety following COVID returning to the club, and encourage new athletes to participate, via sessions delivered by the coaches in schools and at The Base.

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2021.

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VISTA TWISTERS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021

Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Charitable activities Registration fees 4,120 - Training fees 51,858 - Schools coaching - 2,500 Competitions 10,655 - Grants and fundraising 34,915 2,500 Uniform and merchandise sales 107 - Hall hire 5,826 - Other income 5,815 - 113,296 5,000 Total incoming resources 113,296 5,000 EXPENDITURE Charitable activities Competition costs 8,683 - Coaching costs 7,183 - Training courses - - Uniform and merchandise 2,028 - Travel and accommodation 2,380 - Hall hire - - 20,274 - Operating costs Rent, rates and light and heat 52,200 - Building maintenance 1,170 - Insurance 1,152 - Telephone and broadband 571 - Stationery, printing and postage 51 - Sundry 986 - Independent examiner fees 1,596 - Legal and professional fees - - Management fees 30,000 2,500 Depreciation of tangible fixed assets 12,315 - 100,041 2,500 Total resources expended 120,315 2,500 Net (expenditure)/income (7,019) 2,500	2021 Total funds £ 4,120 51,858 2,500 10,655 37,415 107 5,826 5,815 118,296 118,296 8,683 7,183 - 2,028 2,380 - 20,274 52,200 1,170 1,152 571 51 986 1,596 - 32,500 12,315 102,541 122,815 (4,519)	2020 Total funds £ 4,557 60,900 2,189 35,890 36,070 13,834 3,360 1,782 158,582 158,582 35,759 6,028 1,145 13,180 2,265 5,199 63,576 43,000 6,140 843 495 140 700 1,932 1,284 31,250 13,400 99,184 162,760 (4,178)

This page does not form part of the statutory financial statements

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