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2020-09-30-accounts

TRI-ANGLIA TRIATHLON CLUB CIO

TRUSTEES REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2020

Tri-Anglia Triathlon Club CIO

CONTENTSOF ANNUAL REPORT ANDFINANCIALSTATEMENTS YEAR ENDED
30th September 2020
LegalandAdministraCveinformaCon 2
Trustees’Report 3 to 6
IndependentExaminer’sReport 7 to 8
Statement of Financial AcCviCes 9
Balance Sheet 10
Notestofnancial statements 11 to 22

Page 1

Tri-Anglia Triathlon Club CIO

LEGAL AND ADMINISTRATIVE INFORMATION

The Trustees Report and the names of the Trustees who served for the Chari8es Incorporated Organisa8on (“CIO”) from 1st October 2019 up to the date of this report are set out below in the Trustees Report.

Charity ObjecCves

The objec8ve of the CIO is the provision of community par8cipa8on in healthy recrea8on in Norfolk and Suffolk, and in par8cular the provision of events, coaching and training in the three sports of swimming, cycling and running which make up the event of triathlon.

Charity Number

1177797

Date Registered

As a Charitable Incorporated Organisa8on (“CIO”) under The Charitable Incorporated Organisa8ons (General) Regula8ons) 2012 on 3[rd] April 2018

Independent Examiner

John Kingsmill FCCA

Registered Address

Low Farm, Saxlingham Nethergate, Norwich NR15 1TE

Charity Contact Details

Email: secretary@tri-anglia.co.uk Website: www.tri-anglia.club

Bankers

Barclays Bank plc

Page 2

Tri-Anglia Triathlon Club CIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2020

The Trustees present their report and statements for the year ended September 2020.

The statements have been prepared in accordance with the accoun8ng policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Companies Act 2006 and “Accoun8ng and Repor8ng by Chari8es: Statement of Recommended Prac8ce applicable to chari8es preparing their accounts in accordance with the Financial Repor8ng Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accoun8ng periods commencing from 1 January 2016).

ObjecCves and acCviCes

The charity’s objec8ve is the promo8on of community par8cipa8on for both adults and juniors in healthy recrea8on in Norfolk and Suffolk, in par8cular the provision of events, coaching and training, in the three sports of Triathlon (Swimming, Cycling and Running).

Achievements and performance

This was the second period of opera8on for the CIO and we as Trustees believe that although the impact of the COVID-19 virus has significantly reduced the Charity’s opera8ons in the form of both events and training, the Charity has under these extreme circumstances maintained its financial integrity which will allow it to fully con8nue with its charitable objec8ves when emergency COVID legisla8on allows, in accordance with the recommenda8ons of the Bri8sh Triathlon Federa8on and when in the opinion of the Trustees it is safe to do so.

The CIO provides for all those people in the community who are interested in triathlon, running, cycling and swimming and will cater for all abili8es and ages. The CIO provides training sessions to its members which in previous years consisted of pool training sessions, open water swimming sessions, turbo cycling sessions, organised cycle rides and running sessions. The CIO has in previous years successfully promoted and encouraged par8cipa8on in other external events including the East Anglian Cross Country League.

Membership decreased in this period from 762 to 562 though the trajectory of increasing membership matched that of the previous year up to the 8me of the introduc8on of the COVID-19 restric8ons and therefore the necessary cancella8on of events and training sessions (and in par8cular the open water swimming which in previous years has been a popular reason for many members joining).

Under normal circumstances the CIO’s ac8vi8es enable local people to par8cipate safely in open water swimming and this has been reported by members to be their primary training need. Owing to the COVID-19 virus no open water swimming took place in this repor8ng period.

Page 3

Tri-Anglia Triathlon Club CIO

TRUSTEES REPORT FOR YEAR ENDED 30TH SEPTEMBER 2020 (CONTINUED)

Prior to the onset of COVID-19 restric8ons the CIO made training sessions more available and increased opportuni8es for people of all abili8es to par8cipate safely with others. Within this first part of the repor8ng period the CIO encouraged and supported volunteer members to provide cycling sessions and running sessions, and began implemen8ng a pathway to facilitate progression of volunteers to become coaches and ac8vators to broaden reach and encourage further par8cipa8on in training sessions. During the second half of the repor8ng period training sessions were extremely limited due to COVID-19 restric8ons. Where sessions did occur they did so under strict COVID-19 safety rules under the auspices of the clubs COVID-19 officer and as recommended by the Government and the Bri8sh Triathlon Federa8on.

The open events that the charity organises for both members and the wider public had been well afended in previous years with 659 total par8cipants during the previous year. However the COVID-19 virus and restric8ons prevented the holding of these events and the Trustees therefore took the decision to suspend all events that were scheduled to occur during this repor8ng period. Where possible entries were rolled over to the following year.

The CIO encourages new novice children and younger adults to par8cipate in the sport. Again the impact of the COVID-19 virus has resulted in events for children and younger adults being suspended.

Financial review

performance during the period and the year-end disposi8on are considered by the Trustees to be sa8sfactory under the restric8ons brought about by the COVID-19 virus with a surplus for the year ended 30[th] September 2020 of £3,050 (2019 surplus for an eighteen month period of £22,095).

Reserves policy

It is the policy of the CIO that unrestricted funds which have not been designated for a use should be maintained at a minimum level of £20,000 to meet the es8mated maximum cost of the charity’s major event, the Norwich Triathlon, being cancelled at short no8ce. The Trustees consider that in addi8on to the fore-men8oned £20,000, the combined pre-incorpora8on reserves of £8,682 and post incorpora8on reserves afributable to the surplus at 30[th] September 2020 of £25,145, give the CIO a firm financial basis for developing and promo8ng the sport of triathlon, and in future to also acquire assets required to achieve that objec8ve.

Risk evaluaCon

The Trustees have assessed the major risks to which the CIO is exposed and are that systems are in place to mi8gate exposure to those major risks.

Page 4

Tri-Anglia Triathlon Club CIO

TRUSTEES REPORT FOR YEAR ENDED 30TH SEPTEMBER 2020 (CONTINUED)

At the date on which this report is signed by the Trustees the full impact of COVID-19 on the CIO’s ac8vi8es was s8ll to be fully understood but with the mass vaccina8on policy it is hoped that the CIO’s ac8vi8es (training and events) can recommence in part within the guidelines according to the na8onal roadmap, and according to the requirements of relevant local authori8es and the Bri8sh Triathlon Federa8on. Likewise the Trustees strongly recommend that all members fully comply with na8onal COVID-19 restric8ons and recommended prac8ces set out by local authori8es and the Bri8sh Triathlon Federa8on.

The impact of COVID-19 is referred to in notes 1 and 17 of the summary the Trustees are confident that the CIO has sufficient funds to con8nue in opera8on for the foreseeable future. The Trustees have adopted a prudent policy of carrying forward as a creditor £19,465 in 2020 entry fees received for events postponed because of COVID-19 restric8ons which will now be carried forward for entry to 2021 events, and have wrifen off rather than carried forward as a prepayment an es8mated £3,325 of event costs incurred in 2020 which should be carried forward and available for the benefit of 2021 events should those events take place.

Structure, governance and management

The organisa8on is a charity incorporated organisa8on (CIO) and is registered with the Charity Commission.

Trustees are appointed by vote by the membership at the AGM for a three year term in accordance with the CIOs cons8tu8on. All are welcome to apply.

The Trustees who served during the year and up to the date of signature of statements were:

The day to day running of the club is undertaken by a commifee under the leadership of a chairperson. The commifee is appointed by the Trustees and ra8fied by the members at the AGM. Further club officers assist the commifee for valuable specific tasks for instance kit officer, and specific event organisers.

The club relies on volunteers from within the club organise and help with club events such as the Norwich Triathlon. The club also receives voluntary help from outside the club for instance from neighbouring triathlon clubs. The club does not pay any member or other volunteer for their 8me unless services are provided by a member who has specific skills, experience and qualifica8ons to carry out a task which otherwise the CIO would need to buy in.

Page 5

Tri-Anglia Triathlon Club CIO

TRUSTEES REPORT FOR YEAR ENDED 30TH SEPTEMBER 2020 (CONTINUED)

Safeguarding Policy

The Trustees acknowledge their responsibility of managing risk which is a governance priority and a fundamental part of opera8ng this charity for the public benefit.

adults and children who come into contact with our CIO.

We accept the Charity Commission will hold all Trustees to account if things go wrong and will check that Trustees followed government guidance and the law. As Trustees we acknowledge our responsibility for pukng things right.

The CIOs policies relevant to this area are in accordance with the Bri8sh Triathlon Federa8on requirements and include a code of conduct, a safeguarding and child protec8on policy, a health and safety policy, and a complaints and disciplinary policy. The Trustees have agreed an annual work schedule to ensure that these policies are updated and agreed each year.

Equality and AnC-Bullying Policy

This CIO operates a strict policy of no discrimina8on or bullying in any form, and any member experiencing or witnessing such an act is required to report the facts to a Trustee or commifee member. The Trustees will proceed according to the complaints and disciplinary policy report back to the member the ac8on taken.

InducCon and training of new trustees

The charity encourages new Trustees to apply and has an induc8on programme whereby new Trustees will work closely with the exis8ng ones for a period sufficient to enable them to obtain an understanding of the organisa8on.

Signed by Peter Chapman as Lead Trustee

……………………………………..

Dated:

12/7/2021

……………………………

Page 6

Tri-Anglia Triathlon Club CIO CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the truste8$1 members of rr t- Ang114 TrJtsLKlorn CLLKk) On accounts for thg ygar endgd 30 &ÉpTer¥i6(< 10 Charity no (if any} 1177797 Sot on pages I report to the trustees on my examination of the accounts of the above d)anty rthe TnBf} for the year ended R￿pOnSIbIlitIeS and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Chartties Act 2011 rthe Acfl. I report in resped of my examination of the Twsys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515){b) of the AL#. Independent trhe charity's gross income exceeded £250.000 and l am qualified to examinorfs statsment undertake the examination by being a qualified member of linsert name of applicable listed bodyll. Delete I l rfnot applicable. I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination {other than that disdosed below I which gives me to believe that in. any material respect.. the accountir¥J recorts were not kept in accordance wtth section 130 of the Chanties Act,. or the accounts did not accord wth the accounting records,. or the accounts did not comply with the applicable requirements mirwJ ￿ f￿M conterrt of a￿unts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gtve a Irue and fairf view which is nol a matter considered as part of an independent examinalion. I have no cOn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in this reporl in order to 8nable a rffoper understandiro of the accounts to b8 reached. ' Please de18te the words in the brackets rfth8y ck) not apply. lol Signed: Date: Name: je￿ AirHL4fL Relevant professlonal qualification(s) or body AgsoOiA71Q￿ eiF CHA<*LrtÉo CEeffiFI L o ACL0￿) 3 IER Oct 2018 Page 7

Tri-Anglia Triathlon Club CIO lif any): Address: Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of ¢harrty accounts.. directions and guidan¢e for examiners). Give here brief detsils of any iterns that the examinerwishes to disclose. IER Oct 2018 Page 8

Tri-Anglia Triathlon Club CIO

STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT For Year Ended 30th September 2020

Note: all comparative details for 2019 are for the first period of account which covered an 18 month period to 30[th] Sept

Incoming resources(Note3) Unrestricted Restricted Restricted 2020 2019
Incomeandendowmentsfrom: Funds Income Funds Total Funds Total Funds
£ £ £ £
MembershipSubscriptionsandDonations 11,150 11,150 19,504
Charitableactivities 19,755 19,755 120,329
Other activities 2,765 2,765 7,511
Other 50 50 103
Total 33,670 50 33,720 147,447
Resourcesexpended(Note5)
Expenditureon:
Raisingfunds
Charitable activities 21,500 21,500 109,207
Cost on other activities 2897 2897 6,119
Separatematerialitemofexpense
OverheadOperatingCosts 6,273 6,273 10,026
Total 30,670 30,670 125,352
Netincome/(expenditure) before investmentgains/(losses) 3,000 50 3,050 22,095
Netgains/(losses)oninvestments
Netincome/(expenditure) 3,000 50 3,050 22,095
Extraordinary items
Transfers between funds
Otherrecognisedgains/(losses):
Gainsandlossesonrevaluationof fixedassetsforthecharity's ownuse
Othergains/(losses)
Netmovementinon restricted funds 3,000 50 3,050 22,095
Othergains/(losses)
Netmovementinon restricted funds 3,000 50 3,050 22,095
Reconciliation of Post Incorporation Funds (Note 12)
Movement for year 3,000 50 3,050
Total Funds Brought Forward 22,095 22095
Total Funds Carried forward 25,095 50 25,145

Page 9

Tri-Anglia Triathlon Club CIO

BALANCE SHEET

As at 30th September 2020
Unrestricted
Restricted
2020
Funds
Income Funds Total Funds
£
£
£		 2019
Total Funds
£
Fixedassets
Tangibleassets(Note6) 1050 1050 229
1050 1050 229
Currentassets
Stocks (Note7) 4405 4405 4607
Debtors(Note8) 8279 8279 5199
Cashatbankandinhand(Note9) 60693 50 60743 48363
73377 50 73427 58169
Creditors:amountsfallingduewithinoneyear
(Note 10)		 20650 50 20650 7621
Net assets asset less liabilities 53777 50 53827 50777
FundsoftheCharity(Note12) 20000 20000 20000
Pre- Incorporation fund 8682 8682 8682
Pre-Incorporation reserves 28682 28682 28682
Unrestrictedfund 25095 25095 22095
Restricted fund 50 50
53777 50 53827 50777
Thetrustees acknowledgetheirresponsibili8esforensuringthatthecharitykeepsaccoun8ngrecordswhich
complywiththeChari8es(AccountsandReports)Regula8ons2008whichunderpin the main
recommenda8onsofChari8es SORPandFRS 102 forpreparingfnancialstatementswhichgiveatrueand
fairviewofthestateofafairsoftheCharitable IncorporatedOrganisa8onasatthe endofthe fnancial
periodandofitsincoming resourcesandapplica8onofresources,includingitsincomeandexpenditure,for
h f
l
d
Signed by two Trustees on behalf of all the Trustees
Date
12/7/2021
Date
12/7/2021
FundsoftheCharity(Note12) 20000 20000 20000
Pre- Incorporation fund 8682 8682 8682
Pre-Incorporation reserves 28682 28682 28682
Unrestrictedfund 25095 25095 22095
Restricted fund 50 50
53777 50 53827 50777
Thetrustees acknowledgetheirresponsibili8esforensuringthatthecharitykeepsaccoun8ngrecordswhich
complywiththeChari8es(AccountsandReports)Regula8ons2008whichunderpin the main
recommenda8onsofChari8es SORPandFRS 102 forpreparingfnancialstatementswhichgiveatrueand
fairviewofthestateofafairsoftheCharitable IncorporatedOrganisa8onasatthe endofthe fnancial
periodandofitsincoming resourcesandapplica8onofresources, includingitsincomeandexpenditure,for
h f
l
d
Signed by two Trustees on behalf of all the Trustees
Date 12/7/2021
Date 12/7/2021

Page 10

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 1: Basis of preparaCon

Basis of accounCng

These accounts have been prepared under the historical cost conven8on with items recognised at cost or transac8on value unless otherwise stated in the relevant notes to these accounts.

The accounts have been prepared in accordance with:

• Statement of Recommended Prac8ce: Accoun8ng and Repor8ng by Chari8es preparing their accounts in accordance with the Financial Repor8ng Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• the Chari8es Act 2011.

The charity cons8tutes a public as by FRS 102-

Going concern

At the 8me of approving the the trustees have a reasonable expecta8on that the charity has adequate resources for the foreseeable future. Thus the trustees con8nue to adopt the going concern basis of accoun8ng in preparing the financial statements. The latest interim informa8on suggests that the Charity has sufficient cash reserves to enable it to con8nue in opera8on and the going concern asser8on is therefore appropriate.

At the date on which these statements were signed the projected impact of COVID-19 is considered in note 17, and in summary the Trustees are confident that the applica8on of the going concern basis is s8ll relevant for the 12 months from the date these financial statements are signed.

Change of accounCng Policy

All accoun8ng policies have been applied consistently for the period of these statements.

Changes to accounCng esCmates

No changes to accoun8ng es8mates have occurred during the repor8ng period (3.46 FRS 102 SORP).

Page 11

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

NOTE 2: AccounCng Policies

ReconciliaCon with previous generally accepted accounCng pracCce

There were no changes to the stated accoun8ng policies applied throughout the accoun8ng period.

Income

RecogniCon of income

These are included in the Statement of Financial Ac8vi8es (SoFA) when:

the charity becomes en8tled to the resources;

it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability.

There has been no of assets and liabili8es, or income and expenses, unless required or permifed by the FRS 102 SORP or FRS 102.

Grants and donaCons

Grants and dona8ons are only included in the SoFA when the general income recogni8on criteria are met (5.10 to 5.12 FRS102 SORP).

No performance related grants were received during the accoun8ng period.

Legacies

The charity received no legacies during the repor8ng period.

Government grants

The charity received no government grants during the repor8ng period

Tax reclaims on donaCons and gibs

The charity registered with HMRC during the accoun8ng period for Gio Aid relief recovery

Contractual income and performance related grants

This is only included in the SoFA once the charity has provided the related goods or services or met the performance related condi8ons.

Support costs Volunteer help

The charity has incurred expenditure on support costs.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Income from membership subscripCons

Membership subscrip8ons received in the nature of a gio are recognised in Dona8ons and Legacies.

Seclement of insurance claims

No insurance claims were made during the repor8ng period.

Investment gains and losses

The charity made no investments during the repor8ng period. Surplus funds were placed on deposit with the chari8es bank.

Page 12

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Expenditure and LiabiliCes

Liability recogniCon

Liabili8es are recognised where it is more likely than not that there is a legal or construc8ve obliga8on commikng the charity to pay out resources and the amount of the obliga8on can be measured with reasonable certainty.

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regula8on and good prac8ce.

Support costs include central func8ons and have been allocated to ac8vity cost categories on a basis consistent with the use of resources, eg alloca8ng property costs by floor areas, or per capita, staff costs by the 8me spent and other costs by their usage.

Grants with and without performance condiCons

No such grants were received during the accoun8ng period.

Deferred income

No material item of deferred income has been included in the accounts.

Creditors

The charity has creditors which are measured at seflement amounts less any trade discounts

Provisions for liabiliCes

A liability is measured on recogni8on at its historical cost and then subsequently measured at the best es8mate of the amount required to sefle the obliga8on at the repor8ng date

Basic instruments

The charity accounts for basic instruments on ini8al recogni8on as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs

11.17 to 11.19, FRS102 SORP.

Assets

Tangible assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least

Intangible assets

The charity has not placed any valua8on on intangible assets.

Stocks and work in progress

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Goods or services provided as part of a charitable ac8vity are measured at net realisable value based on the service poten8al provided by items of stock.

Debtors and Prepayments

Debtors and prepayments are measured on ini8al recogni8on at seflement amount or of the future value of costs to the subsequent accoun8ng period.

Page 13

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

30[th] September 2019.

NOTE 3 ANALYSIS OF INCOME Unrestricted
Restricted
2020
Funds
Income Funds
Total Funds
£
£
£		 2019
Total Funds
£
DonaConsandlegacies
Membership Subscrip8on & Dona8ons
Gio Aid
Membership Subscrip8ons and sponsorship
which are in substance dona8ons
Donated Goods facili8es and services
Total		 15
50 50 200
11,510 11,510 19289
11,510 50 11,560 19,504
Charitable AcCviCes
Club spor8ng events 69773
Training Events sales
Total		 12,070 12,070 50556
12,070 12,070 120329
Other
Sale of Club Kit
Other - Training Events VAT recovery
Other
Total
2765 2,765 5825
5,679 5,679
1,646 1,646 1686
10,090 10,090 7511
Income from Investments
Interest Income
Other
Total		 103
103
TOTAL INCOME 33,670 50 33,720 147,447

Page 14

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 4: Details of certain items of expenditure

4.1 Fees for examinaCon of the accounts
2020 2019
Independentexaminer’sfees 100 160
Assurance servicesotherthanauditorindependentexamina8on
Taxadvisoryfees
Otherfees(forexample:fnancialadvice,consultancy,accountancy
services)paidtotheindependentexaminer

Page 15

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

[th] September 2019.

Note5:Analysisofexpenditure
Analysis Unrestricted
funds		 Restricted
Income
funds		 Total Funds
2020		 2019
£ £ £ £
Expenditureonraisingfunds:
Total expenditure on raising funds
ExpenditureoncharitableacCviCes
Staging club spor8ng events 6675 6675 58685
Staging training events 14824 14824 50522
Total expenditure on charitable acCviCes 21499 21499 109207
CostofOtherAcCviCes
Purchase of Club Kit 2897 2897 6119
Total expenditure of other acCviCes 2897 2897 6119
CostofOtherAcCviCes
Purchase of Club Kit 2897 2897 6119
Total expenditure of other acCviCes 2897 2897 6119
OverheadoperaCngcosts
Accountancy 273 273 245
Training 220 220 1079
Hire of premises 960 960 1365
Insurance 1213 1213 996
Deprecia8on 487 487 1826
Postage, prin8ng and sta8onery 426 426 737
Travel 9 9 183
Sundry other expenses 1493 1493 1267
Repairs 35 35 1061
Website 1158 1158 1267
Total Other expenditure 6274 6274 10026
TOTAL EXPENDITURE 30670 30670 125352

Page 16

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 6 Tangible assets

At Cost Freehold
Land &
Buildings		 Other Land &
Buildings
Plant
Machinery		 Fixtures
Fiangs and
equipment
£ £ £ £
At 1st October 2019 15633
Addi8ons - 1308
Revalua8ons
Disposals -
At 30th September 2020 16941
DepreciaCon andimpairments
At 1st October 2019
Historicaccumulateddeprecia8ononincorpora8on 15404
Disposals
Deprecia8on 487
At 30th September 2020 15891
Netbook value
Netbookvalueat thebeginningofthe year 229
Netbook valueattheendofthe year 1050
Netbook value
Netbookvalueat thebeginningofthe year 229
Netbook valueattheendofthe year 1050
Other disclosures

(ii) At the end of the accoun8ng period there were no contractual commitments for the acquisi8on of tangible

(iii) The charity has no restricted 8tle to any assets and has given no security for liabili8es on any assets

Page 17

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 7 Stock and work in progress analysed between acCviCes.

Kit stocks for resale

Kit stocks for resale
2020
2019
£
£
4607
5499
-202
-892
2897
6119
-2765
-5825
-132
-294
4405
4607
At 1st October 2019 4607 5499
Decreaseinstockoverperiod -202 -892
Cost of stock sold 2897 6119
Income from sales -2765 -5825
Stockimpairmentduringperiod -132 -294
At 30th September 2020 4405 4607
Theabovestocks are kitwhichispurchasedforcharitymembersandsoldatcost.
Note8 Debtors andprepayments
2020
2019
£
£
7025
2965
1254
2234
8279
5199
Tradedebtors 7025 2965
Prepaymentsandaccruedincome 1254 2234
Total 8279 5199

Page 18

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note9:Cashatbankand inhand
2020
2019
£
£
Shorttermcashinvestments(lessthan3monthsmaturity
date)
Shorttermdeposits
Cashatbank andonhand 60792 48363
Other
Total 60792 48363
Note10Creditorsandaccruals
Amounts Falling Due
within one year
Amounts Falling Due aber
more than one year
2020
2019
2020
2019
Accruals for grants payable
Bank loans and overdraos
Tradecreditors 480 7176
Paymentsreceivedonaccountforcontracts /performance-
related grants
Deferred income - future event income 20170 445
Accrualsanddeferredincome
Taxa8on and social security
Othercreditors
Total 20650 7621
Note10Creditorsandaccruals
Amounts Falling Due
Amounts Falling Due aber
within one year more than one year
2020 2019 2020 2019
Accruals for grants payable
Bank loans and overdraos
Tradecreditors 480 7176
Paymentsreceivedonaccountforcontracts /performance-
related grants
Deferred income - future event income 20170 445
Accrualsanddeferredincome
Taxa8on and social security
Othercreditors
Total 20650 7621

Page 19

Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 11: Provisions for liabiliCes and charges

There were no provisions for liabili8es and charges as a necessary provisions made in respect of liabili8es at 30th September 2020 which are uncertain as to 8ming or amount.

Note 12 Charity funds

Details of material funds held and movements during the repor8ng period

Fundnames Purpose & RestricCons
Balances
brought
forward
Net Income
Transfers
Balances
carried
forward
Pre-incorpora8onFunds Unrestrictedreserve 8682 8682
Con8ngencyReserve Internal Con8ngency
Reserve *		 20000 20000
Postincorpora8onReserves Unrestricted reserve 22095 3000 25095
Postincorpora8onReserves Restricted Funds ** 50 50
TotalFunds 50777 3050 53827

Note that post Incorpora8on Reserves are those cumula8ve profts arising aoer the date on which CIO status was granted on 3rd April 2018.

** The his fund is restricted to future Norwich Junior Tri cost

Note 13: Other disclosures for debtors, creditors and other basic instruments

There were no and the CIO has not provided any form of security

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Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 14: Assets, LiabiliCes and Reserves transferred from Tri-Anglia triathlon Club to the CIO on incorporaCon on 3rd April 2018
FixedAssetsandnetbookvalue 2063
BankBalances 39222
Prepayments 2500
Debtors 8051
Stock 5499
Creditors -8239
Incomereceivedinadvance -20414
ReservesarisingonincorporaCon 28682
Nosecurityhadbeengivenonanyoftheaboveassetsatincorpora8on.
Note15:ConCngentliabiliCesandconCngentassets

There were no con8ngent liabili8es or capital commitments to purchase assets either contracted for or not contracted for at the period end.

Note 16: Fair value of assets and liabiliCes

There were no liquidity risks of a debtor not paying at the period end.

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Tri-Anglia Triathlon Club CIO

Notes to Financial Statements for the year ended 30th September 2020

Note 17: Events aber the end of the reporCng period

COVID-19

At the date of signing these statements the future impact of COVID-19 has been assessed and the Trustees are confident that under current assump8ons the CIO has the financial resources to con8nue to operate provided income streams recover in 2021. In the event that the impact of COVID-19 con8nues beyond 2021 then the Trustees would need to consider ceasing ac8vi8es for the foreseeable future in order to preserve cash reserves un8l condi8ons improve.

Note 18: TransacCons with trustees and related parCes

The Trustees received no remunera8on or during the period.

18.1Trustees’expenses 18.1Trustees’expenses 18.1Trustees’expenses
2020 2019
Typeofexpenses reimbursed
Travel
Subsistence
Accommoda8on
Accountancysoowarerecharge 273 165
TOTAL 273 165

Trustee was reimbursed with accoun8ng sooware costs for sooware used exclusively by the CIO

Page 22