| PAGE | ||
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| Charity Information | ||
| Report ofthe Trustees | ||
| Independent Examiner's |
Report tothe Trustees | |
| Receipts and Payments | Accounts | |
| Statement ofAssets and | Liabilities |
| Public Benefit | |||
|---|---|---|---|
| The Trustees have considered the Charity Commission guidance regarding public benefit |
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| and are satisfied that the activities ofthe Charity, as described above, meet the necessary | |||
| criteria. | |||
| Risk analysis | |||
| The Trustees have identified, as required, the major risks to which the Charity is exposed. |
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| The Trustees consider that they have taken such action and put in place policies, procedures | |||
| and controls which will mitigate the identified risks and assist in maintaining the future |
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| financial viability ofthe Charity. |
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| Remuneration ofTrustees |
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| During the year none ofthe Trustees ofthe Charity received remuneration for the provision |
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| oftheir position as trustee to the Charity. | |||
| Transactions and financial position |
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| The results forthe period ended 30th September 2023 are shown on the appended pages. |
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| Accounts have been prepared on a receipts and payments basis rather than an accruals |
basis, as | ||
| permitted under the Charity SORP 2015relating to smaller charities. |
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| Statement ofTrustees' responsibilities | |||
| The Trustees are required to prepare Financial Statements for each financial year which |
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| give a true and fair view ofthe state ofaffairs ofthe Charity and ofits results for that period(based | on | ||
| Receipts and Payments In preparing those Financial Statements the Trustees are required |
to: | ||
| a. Select suitable accounting policies and apply them consistently; |
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| b. Make judgements and estimates that are reasonable and prudent; |
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| c. Prepare the Financial Statements on agoing concern basis unless it is inappropriate |
to | ||
| assume that the Charity will continue in business. |
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| The Trustees are responsible for keeping proper accounting records, which disclose with |
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| reasonable accuracy and at any time, the financial position ofthe Charity. They are also |
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| responsible for safeguarding the assets ofthe Charity and hence for taking reasonable steps |
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| forthe prevention and detection offraud and other irregularities. |
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| Reserves Policy | |||
| The Charity has completed it's sixth year and has achieved a reserves balance of833,800- being |
the | ||
| dosing bank balances. E17,720ofthis isfor restricted purposes, leaving an unrestricted, |
free-fund | of | |
| 816,081. This is a reasonable balance to help fund day-to-day activities as we move into |
our seventh year. | ||
| As activities are more established and the Charity grows, we will be able to determine a |
regular cost base | ||
| upon which we can set our target reserves level in order to ensure ongoing sustainability. |
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| Investment Policy |
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| The Trustees are responsible for the investment ofany surplus funds ofthe Charity. As |
such | ||
| funds may be required for immediate use, the Trustees continue to review various |
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| interest bearing, instant access deposit accounts in which to place such monies. |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| ~Re eei ts |
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| Donations | 3,539 | 3,539 | 14,095 | |
| Grants | 486 | 18,087 | 18,573 | 20,644 |
| Rents received | 4,400 | 4,400 | 6,596 | |
| Interest Received | 658 | 658 | 20 | |
| Total receipts | 4,683 | 22,487 | 27,170 | 41,355 |
| ~Pa ments | ||||
| Charitable Activities |
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| Room Hire/ Rent | 2,689 | 4,400 | 7,089 | 6,258 |
| Training Resources and Equipment | 13,690 | 13,690 | 19,925 | |
| Events | 429 | |||
| Covid tests | 420 | |||
| Client travel and vouchers | 3,544 | 4,398 | ?,942 | 3,321 |
| Insurance | 433 | 433 | 2,000 | |
| Cyclists club | 1,035 | 1,035 | 5,083 | |
| Independent Examiner Fee |
600 | 600 | 480 | |
| Bank charges | 340 | 340 | 294 | |
| Total payments | 8,641 | 22,488 | 31,129 | 37,800 |
| Net ofreceipts and payments | (3,958) | (3,959) | 3,555 | |
| Cash funds last year end | 20,039 | 17,720 | 37,759 | 34,204 |
| Cash funds this year end | 16,081 | 17,720 | 33,800 | 37,759 |