REGISTERED CHARITY NUMBER: 1175554
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022
FOR RIBBLE VALLEY NETBALL CLUB CIO
RIBBLE VALLEY NETBALL CLUB CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022
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 2022
The trustees present their report with the financial statements of the charity for the year ended 31st August 2022. 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 and beyond, 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.
RIBBLE VALLEY NETBALL CLUB CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities
Performance
The Club actively encourages members to participate in the England Netball pathway via the selection processes for County and super league franchises such as Lancashire County, North Yorkshire, Leeds Rhinos and Manchester Thunder, and continues to have club athletes successfully selected across all levels.
Following the pandemic, R.V.N.C. still managed to field teams, in NW Regional Premier Division 1, Championships league 1 and 2, and continued to participate in local & Manchester leagues for all ages and abilities. We returned to competing in the national U14 & U16 competitions.
The Club was very proud to retain their slots in the same Regional divisions again.
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 200 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 and the club offers two free taster sessions for potential new members. If they then continue training, subscriptions are collected after these first two sessions.
Participation in matches and tournaments are paid for separately and relevant fees are collected via SPOND.
Training returned its usual timetable for all age groups following the pandemic.
For the period 2021/2022 the participant information is outlined below: Number of training members (active subscriptions) at 30/6/2022 -177 Number of training members (active subscriptions) at 30/6/2023 -216
RIBBLE VALLEY NETBALL CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
FINANCIAL REVIEW
Financial position
The Charity (also referred to as the "Club") has made a surplus for the year of £623 (period ended 31 August 2021: £6858).
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. We will continue to explore ways & opportunities to secure a permanent base in the Ribble Valley.
Challenges
Trustee appointments Committee appointments Coaching capacity Increasing membership Poaching of players by other clubs. Facilities - lack of in availability in the Ribble Valley
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by its CIO Constitution dated January 2023
Induction and training of new trustees
Trustee selection methods in accordance with the constitution document.
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.
RIBBLE VALLEY NETBALL CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2022
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.
Jonathan Haworth – Acting Chair Jane Moodie - Head Coach Jonathan Haworth - Media Officer Louise Sadler - Treasurer Debbie Hallam and Kath McCormack – Membership and SPOND J P Atkinson - Kit Officer Louise Sadler – Secretary (acting) Mark Reeve - Safeguarding Katrina Shaw - Volunteers Dom Preedy – Coach Representative
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1175554
Principal address
c/o Louise Sadler 10 Warwick Avenue Clayton le Moors Accrington BB5 5RN
Trustees
Jane Moodie Jonathan Haworth Dominic Preedy
Independent examiner
Valentina Raia MICB Red Rose Accounting 15 Boxwood Drive Blackburn Lancashire BB2 5AM
Approved by order of the board of trustees on Wednesday 10[th] May 2023 and signed on its behalf by:
Dominic Preedy- Trustee
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 2022.
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: 23[rd] February 2023
RIBBLE VALLEY NETBALL CLUB
Statement of Financial Activities for the year ended 31 August 2022
| Notes INCOME AND ENDOWMENTS FROM 2 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 31.8.22 Unrestricted fund year end 31.8.21 £ £ 63,107 47,659 - - - - 63,107 47,659 62,484 40,801 623 6,858 23,702 16,844 |
|---|---|
| 24,325 23,702 |
RIBBLE VALLEY NETBALL CLUB
Balance Sheet as at 31 August 2022
| 2022 Unrestricted | 2021 Unrestricted | ||
|---|---|---|---|
| Notes | fund | fund | |
| £ | £ | ||
| Current assets | 3 | ||
| Stocks | 1,970 | 1,970 | |
| Cash at bank | 23,075 | 22,452 | |
| 25,045 | 24,422 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(720) | (720) | |
NET CURRENT |
|||
| ASSETS | 24,325 | 23,702 | |
| TOTAL ASSETS LESS | |||
| CURRENT LIABILITIES | 24,325 | 23,702 | |
| NET ASSETS | 24,325 | 23,702 | |
| FUNDS | 5 | ||
| Unrestricted funds | 24,325 | 23,702 | |
| TOTAL FUNDS | |||
| CARRIED FORWARD | 24,325 | 23,702 |
The financial statements were approved by the Board of Trustees on
………………. and were signed on its behalf by:
RIBBLE VALLEY NETBALL CLUB
Notes to the Financial Statements for the year ended 31[st] August 2022
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 2021 nor for the period ended 31st August 2022.
Trustees' expenses There were no trustees' expenses paid for the year ended 31st August 2021 nor for the period ended 31st August 2022.
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 |
Unrestricted fund year end 31.8.21 £ 47,659 - - 47,659 40,801 6,858 16,844 |
|---|---|
| 23,702 |
4. STOCK
| 2022 | 2021 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| fund | fund | |
| £ | £ | |
| Stocks | 1,970 | 1,970 |
2022 2021
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£ £ Other creditors (720) (720)
6. MOVEMENT IN FUNDS
| Net movement in funds At 1.9.21 £ £ Unrestricted funds General fund 23,702 623 TOTAL FUNDS 23,702 623 Incoming resources Resources expended £ £ Unrestricted funds General fund 63,107 (62,484) TOTAL FUNDS 63,10 (62,484) Comparatives for movement in funds Net movement in funds £ Unrestricted funds General fund 23,702 TOTAL FUNDS 23,702 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended £ £ Unrestricted funds 47,659 (40,801) General fund TOTAL FUNDS 47,659 (40,801) |
At 1.9.21 £ 23,702 |
Net movement in funds £ 623 |
At 31.8.22 £ 24,325 |
|---|---|---|---|
| 23,702 | 623 | 24,325 | |
| Incoming resources £ 63,107 |
Resources expended £ (62,484) |
Movement in funds £ 623 |
|
| 63,10 | (62,484) | 623 | |
| Net movement in funds £ 23,702 |
At 31.8.22 £ 23,702 |
||
| 23,702 | 23,702 | ||
| Movement in funds £ 6,858 |
|||
| 47,659 (40,801) |
6,858 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31[st] August 2022.