Move More CIO
Charity No. 1175899
Trustees' Report and Unaudited Accounts
31 August 2020
Move More CIO Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 16 |
| Detailed Statement of Financial Activities | 17 to | 18 |
Page 1
Move More CIO Trustees Annual Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE012427
Charity No. 1175899
Registered Office
All Saints Academy Blaisdon Way Cheltenham GL51 0WH
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
S. Lockley
A. Peck
D. Peters
S. Savory L. Wilkinson
Key Management Personnel
CEO D Derrick Deputy CEO J Quinn
Accountants
Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP
Bankers
Barclays Bank plc 3 Church Street Weybridge Surrey KT13 8DD
OBJECTIVES AND ACTIVITIES
Page 2
Move More CIO Trustees Annual Report
Move More is a registered Charitable Incorporated Organisation registered in England & Wales 1175899 and is governed by its Trust Deed.
The objective of the Charity, as set out in the Trust Deed, is to promote the education (including social and physical training) of young people for public benefit in such ways as the Trustees think fit.
ACHIEVEMENTS AND PERFORMANCE
The financial year was split into two halves of pre and post COVID-19. The first part of the year saw improvements to the structure come to fruition, the launch of a new 3 year strategy and receiving its first award. The second half of the year meant Move More needed to change the majority of its programmes to comply with government restrictions. Although a turbulent year, we were able to continue supporting beneficiaries for the vast majority of the year.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
S. Savory Trustee 25 November 2020
Page 3
Move More CIO Independent Examiners Report
Independent Examiner's Report to the trustees of Move More CIO
I report to the charity trustees on my examination of the accounts of Move More CIO for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Financial Accountants.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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.
Keith Day Institute of Financial Accountants Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP 25 November 2020
Page 4
Move More CIO Statement of Financial Activities
for the year ended 31 August 2020
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Other 6 Total Expenditure on: Charitable activities 7 Other 8 Total Net gains on investments Net income 9 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricte d funds 2020 £ 1,055 420,838 90,786 |
Restricted funds 2020 £ - - 2,582 |
Total funds 2020 £ 1,055 420,838 93,368 |
Total funds 2019 £ 80 497,606 3,409 |
|---|---|---|---|---|
| 512,679 321,189 182,104 |
2,582 - - |
515,261 321,189 182,104 |
501,095 91,442 377,926 |
|
| 503,293 - |
- - |
503,293 - |
469,368 - |
|
| 9,386 - |
2,582 - |
11,968 - |
31,727 - |
|
| 9,386 | 2,582 | 11,968 | 31,727 | |
| 9,386 56,534 |
2,582 - |
11,968 56,534 |
31,727 3,189 |
|
| 65,920 | 2,582 | 68,502 | 34,916 |
Page 5
Move More CIO Summary Income and Expenditure Account
for the year ended 31 August 2020
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2020 £ 515,261 515,261 493,889 9,404 503,293 11,968 11,968 |
2019 £ 501,095 |
|---|---|---|
| 501,095 | ||
| 460,502 8,866 |
||
| 469,368 | ||
| 31,727 | ||
| 31,727 |
Page 6
Move More CIO Balance Sheet
at 31 August 2020
| Company No. CE012427 Notes 2020 £ Fixed assets Intangible assets 12 - Tangible assets 13 28,428 28,428 Current assets Debtors 14 11,881 Cash at bank and in hand 43,346 55,227 Creditors:Amount falling due within one year 15 (15,153) Net current assets 40,074 Total assets less current liabilities 68,502 Net assets excluding pension asset or liability 68,502 Total net assets 68,502 The funds of the charity Restricted funds 16 Restricted income funds 2,582 2,582 Unrestricted funds 16 General funds 65,920 65,920 Reserves 16 Total funds 68,502 |
2019 £ - 37,832 |
|---|---|
| 37,832 29,348 17,664 |
|
| 47,012 (28,310) |
|
| 18,702 56,534 |
|
| 56,534 | |
| 56,534 | |
| - | |
| - 56,534 |
|
| 56,534 | |
| 56,534 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 August 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 25 November 2020
And signed on its behalf by:
S. Savory Trustee 25 November 2020
Page 7
Move More CIO Statement of Cash flows for the year ended 31 August 2020
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables Decrease in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from/(used in) investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances Bank overdrafts |
2020 £ 11,968 9,404 (93,368) 17,467 (14,387) (68,916) 93,368 93,368 - 24,452 17,664 42,116 43,346 (1,230) 42,116 |
2019 £ 53,345 8,866 (3,409) (13,435) (18,312) |
|---|---|---|
| 27,055 3,409 |
||
| (39,741) | ||
| - | ||
| (12,686) | ||
| 30,350 | ||
| 17,664 | ||
| 17,664 | ||
| - | ||
| 17,664 |
Page 8
Move More CIO Notes to the Accounts
for the year ended 31 August 2020
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Move More CIO Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 10
Move More CIO Notes to the Accounts
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 11
Move More CIO Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Charitable activities Other Total Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Income from charitable activities |
Unrestricted £ 1,055 1,055 Unrestricted £ 52,212 94,381 86,350 187,895 420,838 |
Unrestricted funds 2019 £ 80 497,606 3,409 501,095 91,442 377,926 469,368 31,727 21,618 53,345 53,345 3,189 56,534 Total 2020 £ 1,055 1,055 Total 2020 £ 52,212 94,381 86,350 187,895 420,838 |
Total funds 2019 £ 80 497,606 3,409 |
|---|---|---|---|
| 501,095 91,442 377,926 |
|||
| 469,368 | |||
| 31,727 21,618 |
|||
| 53,345 | |||
| 53,345 3,189 |
|||
| 56,534 | |||
| Total 2019 £ 80 |
|||
| 80 | |||
| Total 2019 £ 103,935 53,645 144,050 195,976 |
|||
| 497,606 |
Page 12
Move More CIO Notes to the Accounts
6 Other income
| 7 Expenditure on charitable activities Expenditure on charitable activities Governance costs 8 Other expenditure Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net income before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 8,841 7 62,160 19,778 90,786 |
Restricted £ - - 2,582 - 2,582 Unrestricted £ 15,553 290,628 8,326 6,682 321,189 Unrestricted £ 130,219 4,654 7,809 9,404 22,350 7,668 182,104 2020 £ 9,404 |
Total 2020 £ 8,841 7 64,742 19,778 93,368 Total 2020 £ 15,553 290,628 8,326 6,682 321,189 Total 2020 £ 130,219 4,654 7,809 9,404 22,350 7,668 182,104 |
Total 2019 £ 3,134 275 - - |
|---|---|---|---|---|
| 3,409 | ||||
| Total 2019 £ 10,324 50,473 21,269 9,376 |
||||
| 91,442 | ||||
| Total 2019 £ 319,176 3,122 5,073 8,866 30,841 10,848 |
||||
| 377,926 | ||||
| 2019 £ 8,866 |
Page 13
Move More CIO Notes to the Accounts
2020 2019 Number Number
10 Trustee remuneration and expenses
| The nature of the reimbursed expenses 11 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess 12 Intangible fixed assets Cost At 1 September 2019 At 31 August 2020 Amortisation and impairment At 1 September 2019 At 31 August 2020 Net book values At 31 August 2020 At 31 August 2019 13 Tangible fixed assets Cost or revaluation At 1 September 2019 At 31 August 2020 Depreciation and impairment At 1 September 2019 Depreciation charge for the year At 31 August 2020 Net book values At 31 August 2020 At 31 August 2019 |
Trustees received no remuneration or other benefits during the period, and there were no Trustees' expenses paid 88,746 248,009 26,600 54,852 12,837 10,925 128,183 313,786 of £60,000. Develop-me nt costs Total £ £ 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 - - - - £ £ £ £ 3,871 21,192 21,958 47,021 3,871 21,192 21,958 47,021 1,097 3,700 4,392 9,189 774 4,238 4,392 9,404 1,871 7,938 8,784 18,593 2,000 13,254 13,174 28,428 2,774 17,492 17,566 37,832 |
Trustees received no remuneration or other benefits during the period, and there were no Trustees' expenses paid 88,746 248,009 26,600 54,852 12,837 10,925 128,183 313,786 of £60,000. Develop-me nt costs Total £ £ 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 - - - - £ £ £ £ 3,871 21,192 21,958 47,021 3,871 21,192 21,958 47,021 1,097 3,700 4,392 9,189 774 4,238 4,392 9,404 1,871 7,938 8,784 18,593 2,000 13,254 13,174 28,428 2,774 17,492 17,566 37,832 |
|---|---|---|
| 313,786 | ||
| Total £ 7,500 |
||
| 7,500 | ||
| 7,500 | ||
| 7,500 | ||
| - | ||
| - | ||
| £ 47,021 |
||
| 47,021 | ||
| 9,189 9,404 |
||
| 18,593 | ||
| 28,428 | ||
| 37,832 |
Page 14
Move More CIO Notes to the Accounts
14 Debtors
| Trade debtors Other debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Accruals and deferred income 16 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Revaluation Reserves: Total funds 17 Analysis of net assets between funds Fixed assets Net current assets |
At 1 September 2019 - - 56,534 56,534 |
2020 £ 10,756 1,125 - 11,881 2020 £ 1,230 43 13,880 15,153 Incoming resources (including other gains/losses ) £ 2,582 2,582 512,679 515,261 Unrestricted funds £ 28,428 38,722 67,150 |
Resources expended £ - - (503,293) (503,293) Restricted funds £ - 1,352 1,352 |
2019 £ 15,180 1,125 13,043 |
|---|---|---|---|---|
| 29,348 | ||||
| 2019 £ - 11,066 17,244 |
||||
| 28,310 | ||||
| At 31 August 2020 £ 2,582 |
||||
| 2,582 | ||||
| 65,920 | ||||
| 68,502 | ||||
| Total £ 28,428 40,074 |
||||
| 68,502 |
Page 15
Move More CIO Notes to the Accounts
18 Reconciliation of net debt
| 18 Reconciliation of net debt | ||||
|---|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 September 2019 £ |
Cash flows £ |
New HP/Finance leases £ |
At 31 August 2020 £ |
| 17,664 | 25,682 | 43,346 | ||
| 17,664 17,664 |
25,682 25,682 |
- - |
43,346 | |
| 43,346 | ||||
| 19 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases 2020 Land and buildings £ Operating leases with expiry date: Pension commitments The pension cost charge to the company amounted to: 20 Related party disclosures Controlling party |
are as follows: 2020 Other £ 2020 £ 12,837 |
2019 Land and buildings £ |
2019 Other £ 2019 £ 10,925 |
|
Page 16
Move More CIO Detailed Statement of Financial Activities
for the year ended 31 August 2020
| Income and endowments from: Donations and legacies Charitable activities Other Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Employer's NIC Pension costs Staff entertainment Staff recruitment Staff training Motor and travel costs Vehicles - General costs Travel and subsistence Premises costs |
Unrestricte d funds 2020 £ 1,055 1,055 52,212 94,381 86,350 187,895 420,838 8,841 7 62,160 19,778 90,786 512,679 15,553 290,628 8,326 6,682 321,189 321,189 88,746 26,600 12,837 - 27 2,009 130,219 3,591 1,063 4,654 |
Restricted funds 2020 £ - - - - - - - - - 2,582 - 2,582 2,582 - - - - - - - - - - - - - - - - |
Total funds 2020 £ 1,055 1,055 52,212 94,381 86,350 187,895 420,838 8,841 7 64,742 19,778 93,368 515,261 15,553 290,628 8,326 6,682 321,189 321,189 88,746 26,600 12,837 - 27 2,009 130,219 3,591 1,063 4,654 |
Total funds 2019 £ 80 |
|---|---|---|---|---|
| 80 | ||||
| 103,935 53,645 144,050 195,976 |
||||
| 497,606 | ||||
| 3,134 275 - - |
||||
| 3,409 | ||||
| 501,095 10,324 50,473 21,269 9,376 |
||||
| 91,442 | ||||
| 91,442 248,009 54,852 10,925 100 - 5,290 |
||||
| 319,176 | ||||
| 2,800 322 |
||||
| 3,122 | ||||
Page 17
Move More CIO
Detailed Statement of Financial Activities
| Rent Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Depreciation of Depreciation of Bank charges Equipment leasing and hire charges General insurances Information and publications Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
56,534 65,920 |
7,307 502 7,809 774 4,238 4,392 245 1,410 7,410 370 115 3,144 5,129 35 918 3,574 31,754 7,668 - - 7,668 182,104 503,293 - 9,386 - 9,386 - 9,386 - 2,582 |
- - - - - - - - - - - - - - - - - - - - - - - - 2,582 - 2,582 - 2,582 - - |
7,307 502 7,809 774 4,238 4,392 245 1,410 7,410 370 115 3,144 5,129 35 918 3,574 31,754 7,668 - - 7,668 182,104 503,293 - 11,968 - 11,968 - 11,968 56,534 68,502 |
5,068 5 |
|---|---|---|---|---|---|
| 5,073 | |||||
| 774 3,700 4,392 24 1,303 6,497 15,610 45 1,165 2,444 399 587 2,767 |
|||||
| 39,707 | |||||
| 6,910 1,276 2,662 |
|||||
| 10,848 | |||||
| 377,926 | |||||
| 469,368 - |
|||||
| 31,727 21,618 |
|||||
| 53,345 - |
|||||
| 53,345 | |||||
| 3,189 | |||||
| 56,534 |
Page 18