REGISTERED CHARITY NUMBER: 1175554
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020 FOR RIBBLE VALLEY NETBALL CLUB CIO
RIBBLE VALLEY NETBALL CLUB CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020
Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
Detailed Statement of Financial Activities
RIBBLE VALLEY NETBALL CLUB CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020
The trustees present their report with the financial statements of the charity for the year ended 31st August 2020. 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 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objects are the promotion of community participation in healthy recreation for the benefit of the residents in the East Lancashire area by the provision of facilities for playing netball.
Significant activities
The Charity was formerly run as a Club, and has been in operation as such for a number of years. The activities mainly involve the operation of netball training and activities in the local area, together with competitions and events further afield for the members of the Charity.
Public benefit
The Trustees are aware of the Charity Commission requirements regarding public benefit and are satisfied that the Charity meets those requirements through its activities as described in this report.
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RIBBLE VALLEY NETBALL CLUB CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020
ACHIEVEMENT AND PERFORMANCE Charitable activities
Performance
In relation to sporting achievement the Club continues to encourage members to attend selection to County and super league franchises such as Lancashire County, Leeds Rhinos and Manchester Thunder, in line with the England Netball Pathway and continues to have club athletes successfully selected.
The Club continues to participate in local leagues for all ages and abilities and in the Manchester leagues. They also compete at NW Regional level. During this season RVNC fielded teams in NW Regional Premier Division 1, Championships league 1 and 2, U14 and U16 competitions. U14 and U16 did not progress to National finals.
The Club was promoted this season and retain their slots in the same divisions. They commence 1[st] September 2020.
Participation
Members - a person who is registered with England Netball and Ribble Valley Netball Club to train, coach, umpire or participate in Netball.
If training then additional fees known as subscriptions apply and are collected Sept to June.
The Club expects to have in the region of 150 members each season ranging in age from 6 upwards. Members register during August for the forthcoming season commencing in September. New members can register at any time but benefit from a taster rate if joining after April. If training, subscriptions are collected after the first two sessions.
Participation in matches is paid for separately and fees are collected in cash on the day unless the event is a tournament whereby ITM (Iteammate) is used. Cash collected by coaches is managed and accounted for in cash books.
For the period 2019/2020 the participant information is outlined below
Number of members at 01/09/2018 -152 Number of members at 31/08/2019- 168
Number of training members (active subscriptions) at 01/09/2019 -168 Number of training members (active subscriptions) at 30/6/2020 -202
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RIBBLE VALLEY NETBALL CLUB CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020
FINANCIAL REVIEW
Financial position
The Charity (also referred to as the "Club") has made a surplus for the year of £1552 (period ended 31 August 2019: £15292).
The Charity should hold an element of reserves as a contingency in case income levels reduce or additional costs are incurred, and would look to retain a reserve of approximately £15,000. The Trustees will continue to review the reserves policy and amend accordingly in line with the level of activity and commitments arising in future to ensure the Charity remains sustainable from a cash flow point of view.
FUTURE PLANS
The Charity has attracted a small amount of grant income and would hope to receive more in future to help cover costs and expand activities to help more people in the sport, as well as being a great source of health and wellbeing.
Challenges
Trustee appointments Committee appointments Coaching capacity Increasing membership Poaching of players by other clubs. Facilities - lack of in availability in the Ribble Valley and our current training facility has a faulty leaking roof
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is governed by its CIO Constitution dated May 2016 as found here:
https://iteammate.com/_common/show_document.php?doc=1047_FoundationModelConstitutionMar9th2.
Induction and training of new trustees
Trustee selection methods
In accordance with the constitution document.
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RIBBLE VALLEY NETBALL CLUB CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The Trustees are aware of the key risks facing the Charity and monitor these at their regular meetings, mitigating risks where possible through their policies, procedures and training, and then insuring against risks that cannot be fully eradicated.
Additional governance issues
The trustees appoint as necessary from its registered membership, as and when necessary, a committee member to assist with governance and operations of the club. For the relevant period these people are listed below. At least 2 trust members also reside on the committee.
Neil Thompson - Chair Jane Moodie - Head Coach Jonathan Haworth - Media Officer Louise Sadler - Treasurer J P Atkinson - Kit Officer Louise Sadler – Secretary (acting) Adele Whalley - Memberships Mark Reeve - Safeguarding Katrina Shaw - Volunteers
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1175554
Principal address
c/o Louise Sadler 10 Warwick Avenue Clayton le Moors Accrington BB5 5RN
Trustees
Ms J Moodie J Haworth T McDermott N Thompson Appointed 25/6/2020 Ms J Johnson Resigned 1/9/2019
Independent examiner
Valentina Raia MICB Red Rose Accounting 15 Boxwood Drive Blackburn Lancashire BB2 5AM
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. N Thompson - Trustee
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This page does not form part of the statutory financial statements
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INDEPENDENT EXAMINER'S REPORT
To the trustees of Ribble Valley Netball Club
Independent examiner's report to the trustees of Ribble Valley Netball Club
I report to the charity trustees on my examination of the accounts of the Ribble Valley Netball Club for the year ended 31st August 2020.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Valentina Raia MICB 15 Boxwood Drive Blackburn BB2 5AN
Date: 31[st] March 2021
RIBBLE VALLEY NETBALL CLUB
Statement of Financial Activities for the year ended 31 August 2020
| INCOME AND ENDOWMENTS FROM Charitable activities Provision of facilities for playing netball Investment income Total EXPENDITURE ON Charitable activities Provision of facilities for playing netball NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund year ended 31.8.20 Unrestricted fund year end 31.8.19 £ £ 43,380 94,104 - 6 - - 43,380 94,110 41,828 91,984 1,552 2,126 15,292 13,166 |
|---|---|
| 16,844 15,292 |
RIBBLE VALLEY NETBALL CLUB
Balance Sheet as at 31 August 2020
| 2020 | 2019 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| fund | fund | |
| £ | £ | |
| Current assets | ||
| Stocks | 1,970 | 1,970 |
| Cash at bank | 15,594 | 14,042 |
| 17,564 | 16,012 | |
| CREDITORS | ||
| Amounts falling due within one year | (720) | (720) |
| NET CURRENT ASSETS | 16,844 | 15,292 |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 16,844 | 15,292 |
| NET ASSETS | 16,844 | 15,292 |
| FUNDS | ||
| Unrestricted funds | 16,844 | 15,292 |
| TOTAL FUNDS CARRIED FORWARD | 16,844 | 15,292 |
The financial statements were approved by the Board of Trustees on …...................... and were signed on its behalf by:
Neil Thompson
Jane Moodie
RIBBLE VALLEY NETBALL CLUB
Notes to the Financial Statements for the year ended 31[st] August 2020
1. 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 2015)', 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.
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.
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.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
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.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2020 nor for the period ended 31st August 2019.
Trustees' expenses There were no trustees' expenses paid for the year ended 31st August 2020 nor for the period ended 31st August 2019.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities Provision of facilities for playing netball Investment income Total EXPENDITURE ON Charitable activities Provision of facilities for playing netball NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4. STOCK 2020 Unrestricted fund £ Stocks 1,970 |
Unrestricted fund year end 31.8.19 £ 94,104 6 - 94,110 91,984 2,126 13,166 15,292 2019 Unrestricted fund £ 1,970 |
|---|---|
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Other creditors | (720) | (720) |
6. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.9.19 £ 15,292 |
Net movement in funds At 31.8.20 £ £ 1,552 16,844 |
|---|---|---|
| 15,292 | 1,552 16,844 |
|
| Incoming resources £ 43,380 |
Resources expended Movement in funds £ £ (41828) 1,552 |
|
| 43,380 | (41828) 1,552 |
|
| Net movement in funds At 31.8.19 £ £ 15,292 15,292 |
||
| 15,292 15,292 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources Resources expended Movement in funds £ £ £ 94,110 (91984) 2,126 94,110 (91984) 2,126 |
|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31[st] August 2020.
28/06/2021