Charity No. 1172987 

## **The GKR Karate Sports** 

## **Foundation** 

## **(Dormant Accounts)** 

(A Charitable Incorporated Organisation) 

Annual Report and Financial Statements 



## **Contents** 

Legal and administrative 

information Report of the Trustees 

Dormant Balance Sheet 

Notes forming part of the financial statements 



## **Legal and administrative information** 

Charity number Registered address Trustees 

1172987 

Unit 10 Foundry 10 Widnes Business Park Waterside Lane Widnes WA8 8GU Mr Jason Bennett Mr Robert McCracken Mr Simon Kane 

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## **The GKR Karate Sports Foundation Trustees' Report** 

The Trustees present their annual report and accounts for the year ended 31st March 2020. 

During this period, the charity had dormant accounts. 

## **Structure, governance and management** 

The Charity is constituted as  a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011 on the 11th May 2017. The CIO registered with the Charity Commission on the same day. 

Trustees are legally responsible for the governance and management of the charity. Trustees  are responsible of setting strategies and policies for ensuring these are implemented. 

Risk management 

The  charity's trustees have considered the major risks to which  the  charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes. 

## **Objectives and activities** 

1. The promotion of and community participation in healthy recreation nationally in particular  by  the  provision  of  facilities  and  instruction/education  for  the participating in the sport of Karate. 

2. The provision of facilities for the instruction and education of karate provided in the interests of social welfare, for individuals who have by reason of their age, disability,  financial hardship or social  circumstances, a lesser opportunity  to participate in sport and more particularly karate with the object of improving their conditions of life; and 

3. Such other charitable purposes connected with the instruction of karate, which the trustees in their absolute discretion deem appropriate from time to time. 

## **Achievements and Performance** 

The CIO was dormant during this period. 

## **Financial review** 

No transaction took place during this period. 

## **Trustees' responsibilities statement** 

The trustees are responsible for preparing the Trustees'  Annual 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 & 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 these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

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- prepare the  financial  statements  on  the going concern  basis unless it is inappropriate to presume that the charity will continue in operation. 

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## **The GKR Karate Sports Foundation Trustees' Report - continued** 

The  trustees are responsible for keeping proper  accounting  records  that disclose with reasonable accuracy  at  any time the financial position of  the  charity and enable them to ensure that the financial statements 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 

This report was approved by the trustees  on  …………………..……………………. signed on their behalf by: 

………………………………….. 

Simon Kane 

Trustee 

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## **The GKR Karate Sports** 

## **Foundation** 

## **Balance Sheet as at 31st March** 

**2020 (Dormant Accounts)** 

|**Fixed assets**<br>Tangibleassets<br>Total fxedassets<br>**Current assets**<br>Stock andworkin progress<br>Debtors<br>Cashat bank and in hand<br>**Liabilities**<br>Creditors:amounts falling<br>due<br>withinone year<br>Net currentassets<br>Creditors: amountsfalling<br>due after<br>one year<br>Provision forliabilities<br>Net assets<br>**Reserves**|£<br>0<br>0<br>0|**Year ended 31st**<br>**March 2020**<br>£|
|---|---|---|
|||0|
||0<br>0||
||0||
|||0<br>0<br>0|
|||0|
||||
|||0|



Approved by the Board on ____________________________ and signed on its behalf by 

…………………………….. Simon Kane 

Trustee 



**The GKR Karate Sports Foundation** 

**Notes forming part of the financial statements for the year ended 31st March 2020** 

## **1. Accounting policies** 

- (a) Basis of preparation 

The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance. 

- (b) Charity status 

The GKR Karate Sports Foundation was established under a CIO Foundation constitution and is a registered with the Charity Commission under the reference of 1172987. The  Trustees are appointed and function in accordance with the Constitution. 

- (c) Fund accounting 

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## (d) Receipts 

All incoming resources are included in the Receipt & payment Accounts when the charity actually obtains legally entitled income. 

## (e) Payments 

All  expenditure  is  accounted  for  on  payments  basis  and  has  been  classified  under headings that aggregate all costs related to the category. Where costs cannot be directly attributed  to  particular headings they have been allocated to  activities  on  a basis consistent with use of the resources. 

## **2. Member liabilities** 

The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. 

## **3. Debt outstanding** 

There are no particulars of any debt outstanding at the date the statement of assets and liabilities which is owed by The GKR Karate Sports Foundation and which is secured by an express charge on any of the assets of The GKR Karate Sports Foundation. 

## **4. Related Parties Controlling entity** 

The  charity  is  controlled by the  trustees.  During  the  year  the Trustees received  no emoluments or incurred any expenses using Trust funds.