**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
Page 1
**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.
Page 2
**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
Page 3
## **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
Page 4
## **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
Page 5
## **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
Page 6
**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...
Page 7
**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...
Page 8
## **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...
Page 9
**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)|
|---|---|---|
continued...
Page 10
**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)|
|---|---|
continued...
Page 11
## **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.
continued...
Page 12
**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.
Page 13
## **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
Page 14