REGISTERED CHARITY NUMBER.. 117779Y REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATÉMÈNTS FOR THE YEAR ENDED 30 SEPTEM8ER 2024 FOR TRI-ANGLIA TRIATHLON CLUB LEES Chartared Certified Acmuntants Ingram Hous8 Merhlian Way Nowith Nortolk NR7 OTA
TRI-ANGLIA TRIATHLON CLUB CONTENTS OF THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 SEPTEMBER 2024 Pago Report of the Trustses 1 to 3 Independent Exarninerfs Report statsment of Flnanclal Activlties Balance Sheet Note5 to the Flnancial 5tstsments 7 to 11 Detalled Statement ol Flnanclal Activitks 12 to 13
TRI-ANGLIA TRIATHLON CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 305EPTEMBER 2024 The Trustees prtsenttheir feport and financxal slaternenls for the yeai endEd 30th S8pl8mber2024 The finanGial sl8temen15 hav& been prepad in aOrdanc with the accounting policies sel out in note 110 the financial slalem8nts and Comply wlh the charity's goveming docutnent, the Companies Act 2006 and "Accounting and Reporbng by Charities.. Statem8lll of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financi81 Reporting Sland2rd applicable in ts UK and Republic of Iland IFRS 1021" las amended for acc4unling riods ¢ommÈncing from 1 January 20161. OBJEC71VES AND ACTIVITIES Charity oblectlves The charity's objective is the promoliDn of Community participation for both adults and juniors In healthy recats.0n in NDrfolk and Sufftylk, partsoJlaily tho provision of events, c08ching and training in the three sports of Triathlon Iswirnming, CycliThJ and Running). ACHIEVEMENT AND PERFORMANCE Charitable actlvlties The year ènded 30th SepteMr 2024 is the 51xlh p8riod ol operatn for the CIO and we as Tru$leES believe that. as In prior years, th& Charity hag maintained its finan¢ial Integrity. The financial integrity of the CIO will allow il to fully continue with its charitable objective5 in the future. in accordance with the recornmendations of the Triathlon Fedeiatson. The CIO provides for a11 those people in the comrnunity who are interested in swim, bike and run a¢livilies and caters for all abilth.es and ages. The CIO provvJ8s trainin9 &&ssions lor its members which have consisted of pool training. open waterswimmiro, organised cycle rides. running and strergth and con(Jitning sessions. The fflain changes in the activity of the CIO reflected in Ire resutts in this peri(A1 have been". The Trustees and Comrnillee agreed in P<23 that junior memb&rship would b& free from Janugry 2023 to encourag& participation of young peopk to participat& in swim. bike and run 8ctivilies M&mbershp fee8 were Increased reflecting th& higher¢osts of running the tlub A5 a result member numbers were slightly down wlh 617 members in FY24 vs 841 in the prior ye2r There has bèen considerable cost Inflabon in the faolibes used by the ¢lub, in partrular the open water swimmirg venue that fonrs a key part ofour IrainiTrg provision to the membership well as womoting our own events, discussed below, the CIO h85 SucsSfUllY promo18d and ellcour8ged parb¢ipalion in other external events in¢luding the East Anglian Cross Country League, the round Norfolk relay and the Bedford Triathlon Relays The Committee and trust ar8 keen th8t the CIO continues to extend the range of activities they offer lo encourage partiClP8tion in the sports ol triathlon and will continue to look for opwrtunities to expand the CIO'S provision. vthile rewewing the utilisalion of sesSIOn5 provided lo ensur8 th& member8hip as a whole benefits from activities The CIO does rt employ coaches but contrads with Selt-em0ygj coaches to deliv&r training sessions. Vve remain 8 8[sh Triathlon Trimatlt Bronze acC¢dIt dub. test8menl lo the high sland3rds that tho coaching leatn ld Ihemsefves to. The CIO Is indebted lo ils volunteers and members who refftain rMli¢al to th& prOls1on ol training sessions. race events and sodal aclivilies. In line with rnany other organisation$ finding willing volunteers lo administer and marshall these sessions is challenging and the willingness ol volunteers lo step up ensures the CIO can provide good value in the a¢tiwtie5 we pro¥e. FINANCIAL REVIEW Financial review The CIO'S financial perforrnantt durirvJ the p@ric and the yearnd disposition are COnsered by the Trustees lo be sa1[2¢tOry with a surplus for the year ended 30th SepiÈmber 2024 01 £4,181 12023 £2,834). In FY24 the CIO induded in its results 8cuu8d revenue 8ett18d after th¢ accounting date bul recognised in line with the CIO'S policy on in¢ome recognition. Thi3 acuual has not LEen Included historically and as a result there is £4,114 of surplus Ihat rdates lo revenue that would not h8ve bn recoonised In FY24 using the FY23 methodology Exduding this, Y)e CIO would have been almost exactly breakeven for the year In Iknt of this posityon Mnd continued cost in¢¢ases. the Cominitlee and Trustees have further increased membership fee5 and the cost to member5 of some training. in particular open water swimrning. to mitigate the size ola potential deficit M the year lo 30th Sepleinber 2025. Reserves poll¢y It Is the policy of the GIQ that unrestricled lund8 whith have not been designated for a spe¢ilL use should be maintained at S tninirnurn level of £20,000 to rneet expenses ralaled to th8 charity's major event, the Normch Triathlon, being cancelled al short nob This policy 18 duo for review during FY25 given the increase in cost in pioviding the event over renI years The Tw5te85 consider th8t with £78,203 of cash in the bank offset by £28,700 01 current liabilitie5 the nel position of £49.503 proiride5 adequate ca8h resetves against this risk Whi providing a firm financial basis for continuing lo develop ènd protnole the spurt ol triathlon. Pag& 1
TRI-ANGLIA TRIATHLON CLUB REPORT OF THE TRUSTEES FOR THEYEAR ENDED 30 SEPTEMBER 2024 FINANCIAL REVIEW Risk evaluatlon The Trustees have a55essed the Major risks lo which the CIO is exposed and are satisfie(5 that $ystsm5 arg in pla lo mitigate these. STRUCTURE. GOVERNANCE AND MANAGEMENT The OrganSation is a Charity Incorpoiated Organisalion IC101 and is registered with the Charity Commission Trustees are appointed by vote by thg membership 81 the AGM for a ihr8e-ye8r term in accordan with the CIOS CO[titution. All are welcome to apply. The Trustees who $8Ned during the year and up lo the d3te ofsignature ofthe finantsal slalÈmenls were.. o Mi M Hllton (resigned 28 3 20251 o Ms A Ragosa (resigned 6 8.20241 o Mr J A Cfawford o Mr D Eastaugh Ir8signed 28 3.20251 o Mr A White lappoinleé 9.5.20241 o Ms C Wvvhite lappointed 9.5.20241 o Mi C Heath lappoinled 1.12.20241 The day-ttrday running of the club i4 undertaken by a ¢ornmitiee und8r th8 leadwship of a tha1ersOn. The comrnittee is appointed by the Trustees thfied by Ihe members al the AGM Further dub officers a5$1s1 the committee with important spe¢ifit tssks such as kilofficei and sperjfic event organi5ers. The club telies on volunteers from wrthin the club to (Kganise and help with dub ev8nls such as the Norwth Triaihlon. The club does not pay any member or other volunteer for their lime unles5 service5 are proiid8d by a rnember who has specific skills, exp&rn and qualific2tTh5 to carry out a task which othemise the CIO would need to buy in Safeguarding Policy The Trustees acknooAedge their sPonSIbl11ty of managing risk which Is a govem8nce wority and a ftjndamental part ol operating thi5 charity for the public bpnefil. As part of fulfilling our duties 85 Tru51ee5 W8 8d(novA8dge that we must take r8a50nable Steps to protEct from harn adults and thll¢ren vtho ¢£Kn8 into ¢ontactwilh our CIO. We accept the Charify Commission wll hold all TrusleES 10 2ccount if things go wrong and wll chedt that Trustees followed govemmenl guKlance and the law. As TrUstWe athnowledge our responsibility for putting thir05 right. The CIO& policies relevant to this area ar8 in accordance with th8 BTrlish Trialhlon Federation safeguarding and protecting children policy quirementS and Indude a code ol condud. a safeguarding and protection wlicy. health and safety policy. and 3 Complaints dISp118ry policy. Equality and Antl.8ullylng Pollcy This CIO operates a strict policy of no dIsMinatn or bultying in any form and any member experiencing or witnèssing such an a¢t Is reouir8d to report the facts tu a Trustee or committ8e met. The TIu5tees will proed according to the complaints and disuplinary wlicy, reporting b8ck lo the rllembei the adion iaken. The CIO has adopted the British ffiathlon Fedepbon code of ethics and 15 committed to encourage equality and diversty wrthin our dub and al our open evenls This Is io ellsu that ev&ryone who participates in swim, bike and run activities can do so in a safe and fun ellvironmeni and to be given the chall to experien¢8 th8 feelings of 8nioytrÉnt, ¢halknge and achiewem8nl that a inheont io the sporL IndLhCtion and trainbng of new trustee6 The charity encourages new TruslÈ88 lo apply and has an 1nduction programme whereby new TfUStee8 %*ill work closely Ih the existing ones for a period sufficient lo enable tfEm to obtain an understanding of the organisalion. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1177797 Page 2
TRI-ANGLIA TRIATHLON CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDFD 30 SEPTEMBER 2024 Prin¢lpal addrÈÈs Low Farm Saxlingham Nelheroale Nonwich Norfolk NR15 1TE Trust8e5 Mr J A Crawford Mr C H8alh lappoinled 1.12 20241 Ms C Wvvhile lappointed 9.5 20241 Mr A WhIte lappoint8d 9.5.20241 Independent Exarnin8r LEES Chartered Certified A¢counlants Ingram Hou58 Meridian Way Notwich Norfolk NR7 OTA Approved by order ofth& board ol Iruslees on..... . and signed on its behalf by. Mr A Whi18- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRI-ANGLIA TRIATHLON CLUB Independent exarninerfs report to the trustees of Trl-Anglla Triathlon Club I report to the charity trustees on My 8xaminatson of Ihe a¢rA)unis ol Tri-Ang11a Tnathlon Glub Ilhe Trust) for the year ended 30 Septetnber 2024. Responslbllities and basis of report As the ch8rity liustees of the Trust you a responsible lor th8 preparation ol Ih6 accounts in ac¢ordènc8 with the requirements of e Charities Act 20111.lhe Act'l. I report in respe¢t of Tny examination of the Trust's acctyunts carriwj out under Seclion 145 01 the Act and in carrying out my examination I have followed all applicaWe Directions given by the Charily Commission under Sectiori 14515llbl ol the Act. Independent examinerfs statement I have Com Jeted my exarnination. 1 confirtn Ihat no maierial mattels have CA)me lo my attention In connection with the examination giving me cause to believ& that In any material re5ct accountsng record5 werè not kepl in respect of the Trust as raquired by Section 130 of the Act, or the accounts do not a¢¢ord wth those COrdS., or the accounts do not comply wth the 8pplicab18 Rquirements cx)ncerniw the form and content of ac¢ountS 581 out in the Charilie5 IAGcounis and Reports) Regulations 2008 other than any ffjquirernent thal ihe accounts give 8 true and lair view which Is not 8 tnatter considered as part of an independent examination. I have no wnGems and have come acr055 other maiters in connect with the 8xaminabon lo whith sttwtion should be drawn in this report in order lo &nable a proper understanding ofthe *counts to be re8ched. on rain LEES Chartered Certified Accouniants Ingram House m8rlan Way Nomich Norfolk NR70TA Dale.. Page 4
TRI-ANGL TRIATHLON CLUB STATEMENT OF FINANCblL AGTlVtnES FOR THE YEAR ENDEO 3D SEPTEMBER 2024 2024 Total 2023 Total lunds Un51(d ful$ Restric1 fijnd INCOME ANO ENDOWMENTS FROM Donab'ork5 and lega(ies 17.257 17,257 14,e36 Charitable activitie5 Club sporting events Training events saks 39.2 57.587 54.364 41,085 57.587 Investment inccme Other income 829 2.720 2.720 3.655 Total 117.689 117.689 114,5 EXPENDITURE ON Charftable activitses Club sporting even15 Trainit¥J events sales Overh8ad operating costs 40.404 59. 10.029 40.404 59,936 10,029 43.657 51,122 14,405 Other 3,139 3.139 2.572 Totsl 113. 113.508 111.7 NET INCOME 4.181 4.181 RECONCILIATION OF FUNDS Total funds brought Ioward 72.017 72.017 69.183 TOTAL FUNDS CARRIED FORWARD 76.198 76.198 72.017 The noies fomi part olthese firal slat9mts PwJe 5
TRI-ANGLIA TRIATHLON CLUB NOTES TO THE FINANCLAL STATEMENTS- continued FOR THÉ YEAR ENDED 30 SEPTEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES unreth Resthded fuTh futyj Totsl fvnds INCOME AND ENDOWMENTS FROM Donati$ and aoe5 14,636 14,636 ChaTitsble activitses Club spotbng events TrniniThJ e%nts sales 54,364 41.085 41,085 Investm8ntinccffle Other income 3,655 3.855 Totsl 114.590 114.590 EXPENDITURE ON Charitable activities Club swrting events Tr8inir¥J events saS Ovethead 0[3"r¥J msts 43.657 51.122 14,405 43.657 51,122 14,405 Oth 2,572 2.572 Total 111,7 NET INCOME 2,834 RECONCIUATION OF FUNDS Totsl furKJs brought forwar 69,183 69,183 TOTAL FUNDS CARRIED FORWARD 72.017 72.017 TANGIBLE FiXED ASSETS Fixlures and fitbn95 COST At 1 0cioi*r 2023 Additions 21,820 1.574 At 30 Septeml)er 224 23.394 DEPRECIATION Al 1 Odober 2023 Charge foryeai 19.284 1,613 At SJ September 224 20,897 NET BOOKVALUE AI 30 September 2024 2,497 At 30 Septernber 2023 Page 8 continued...
TRI-ANGLIA TRIATHLON CLUB NOTES TO THE FINANCIAL STATEMENTS- contlnugd FOR THE YEAR ENDED 30 SEPTEMBER 2024 STOCKS 2024 2023 Stocks 14,482 10,261 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtor5 Other debtors Prepayments accrued In¢ome Gift 280 116 9,320 1,404 1,774 9,716 3,178 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade uedrtors othei cr8ditots 4,615 24.085 8,043 17,587 28,700 25,630 MoveMENT IN FUNDS Net rnovernent in fund5 At 1.10.23 At 30.9.24 Unrestrlcted funds G&neral fund Contingency Re58rv8 Pre-lncorporatyon hjnd 43.335 20.(0 8.682 4,181 47,516 20,000 8.682 72,017 4.181 76,198 TOTAL FUNDS 72.017 4.181 76,198 Net movement in fvnds, Iuded in U)e above ar8 as follows.. Incoming resources Resources expended Movement In funds Unre$tricted funds General fund 117,689 1113,5081 4,181 TOTAL FUNDS 117,689 1113.5081 4,181 Page 9 cA)nlinued...
TRI-ANGLIA TRIATHLON CLUB NOTES TO THE FINANCIAL STATEMENTS. continued FOR THÈ YEAR ENDED 30 SEPTEMBER 2024 MOVEMENT IN FUNDS- continuod Comparatives for movement In funds Net movemÉnl in funds At 1.10.22 Al 30.9.23 Unrestricted funds General fund Contingency Reserve Pre-InCofp0ratll fu 40.501 20.CQO 8.682 2.834 43,335 20,000 8.682 $9.183 2.834 72.017 TOTAL FUNDS 69.183 2.834 72.017 Cornparativè n8t rllovemenl in fvThls, induded in the above are as foll{." InCL1ng resouitss Resource3 expended Mov8ment in funds Unrestricted funds General fund 114,590 1111,7561 2,834 TOTAL FUNDS 114.590 1111,7561 2,834 A current year 12 rnonths and prior year 12 months LKmbined posit Is as fdlows.. Nel movernellt in funds At 1.10.22 Al 30.9.24 Unrestricted funds General fund Contingency Raserve Pre-Incorpowlk)n fijnd 40.501 20,0 8,682 7.015 47.518 20,000 8,682 69,183 7,015 76,198 TOTAL FUNDS e9.183 7,015 76.198 A cutffnt year 12 months and prior year 12 month$ comLN"ned net movement in lunds, indLwJed In the above are as follow5. Incoming reSouS Reswrces expended Movement in fvnds Unrestrlcted funds G8neral fund 232,27g 1225.2641 7.015 TOTAL FUNDS 232.279 1225,2841 7.015 Page 10 eonlinued..
TRI-ANGLIA TRIATHLON CLUB NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 30 SEPTEMBER 2024 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 Seplember2024. Page11
TRI-ANGUA TRIATHLON CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENtJED 30 SEPTEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies M8mteiship Sai85 Gift aid & donations Sponsorship5 14.283 2.474 50D 12,872 1,764 17.257 14.636 Inve$tment incorne Bank inleresl 850 Charitable activities Event sales Training sales Supwrted events incnme 39,296 54.852 2.735 49,505 41,085 4.859 96.883 95.449 other Income Kil sales 2,720 3,655 Totsl Incoming resources 117,689 114.S90 EXPENDITURE Charitable activities COh1Ng fees Event consumable5 Event 5etvi¢e$ Day licences Events for dub m8mbers Lifeguard fees Medals and trophies Membership ¢osts Payment ¢0815 Training consumable5 VelluÈ hire- events Venue hire training 13.954 6.394 24.179 970 1,120 1.250 3,1CKI 1,956 3,903 321 1.858 41,335 12,682 6.848 21,995 3.702 197 1,146 2,736 1,527 4,475 6.707 32,566 100,340 94,779 other Kit purchases 3.139 2.$72 Support costs Admlnlstfdtlve costs Accountancy Bank charges Depreciation Donations and gifts Garage hire Insurance Meetsng and mileage costs Organisalion membership Postage Carried forward 2,467 2.383 60 1.507 150 960 786 749 730 210 7.535 1,613 1,160 791 1.387 7,318 This page does T1 fomi part olthe Slatulory financial statemenls Page 12
YRI.ANGLIA TRIATHLON CLUB DETAILET) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Adrnlnlstratlvg costs Broht forward Social event co$ls Training costs Travèl Website Subs(xipUons 7,318 969 438 59 800 7,535 4.821 700 549 800 10.029 14,405 Total resources exptrnded 113,508 111.756 Net Income 4,181 Thls page does not fom part ol the Statutory finanual sta18ments Page 13