REGISTERED CHARITY NUMBER: 1177797
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
FOR
TRI-ANGLIA TRIATHLON CLUB
LEES Chartered Certified Accountants Ingram House Meridian Way Norwich Norfolk NR7 0TA
TRI-ANGLIA TRIATHLON CLUB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
TRI-ANGLIA TRIATHLON CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Trustees present their report and financial statements for the year ended 30th September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)" (as amended for accounting periods commencing from 1 January 2016).
OBJECTIVES AND ACTIVITIES
Charity objectives
The charity's objective is the promotion of community participation for both adults and juniors in healthy recreation in Norfolk and Suffolk, particularly the provision of events, coaching and training in the three sports of Triathlon (Swimming, Cycling and Running).
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The year ended 30th September 2025 is the seventh period of operation for the CIO and we as Trustees believe that, as in prior years, the Charity has maintained its financial integrity. The financial integrity of the CIO will allow it to fully continue with its charitable objectives in the future, in accordance with the recommendations of the British Triathlon Federation.
The CIO provides for all those people in the community who are interested in swim, bike and run activities and caters for all abilities and ages. The CIO provides training sessions for its members which have consisted of pool training, open water swimming, organised cycle rides, running and strength and conditioning sessions.
The have been limited changes to the activity of the CIO in the period:
-
Training session costs were increased for our core Open Water Swimming offering reflecting the substantial price increase levied by Norfolk County Council for use of the site
-
Following low attendance at the Waveney Spring Triathlon (for the second year in a row) the committee decided we would not run this event in 2026
As well as promoting our own events, discussed below, the CIO has successfully promoted and encouraged participation in other external events including the East Anglian Cross Country League, the round Norfolk relay and the Bedford Triathlon Relays.
The committee and trustees are keen that the CIO continues to extend the range of activities they offer to encourage participation in the sports of triathlon and will continue to look for opportunities to expand the CIO's provision, while reviewing the utilisation of sessions provided to ensure the membership as a whole benefits from activities. The Trustees have developed a policy to review current and potential sessions to ensure the balance between cost and benefit to the membership is appropriately marinated. During the year the CIO developed plans to run coached sessions covering track running and high intensity indoor bike ("spin") which went live during the following financial year.
The CIO does not employ coaches but contracts with self-employed coaches to deliver training sessions. We remain a British Triathlon Trimark Bronze accredited club, testament to the high standards that the coaching team hold themselves to.
The CIO is indebted to its volunteers and members who remain critical to the provision of training sessions, race events and social activities. In line with many other organisations finding willing volunteers to administer and marshall these sessions is challenging and the willingness of volunteers to step up ensures the CIO can provide good value in the activities we provide.
FINANCIAL REVIEW
Financial review
The CIO's financial performance during the period and the year-end disposition are considered by the Trustees to be satisfactory with a deficit for the year ended 30th September 2025 of £5,607 (2024 Surplus - £4,181). In FY25 the CIO incurred a cost to write down the value of slow selling stock of branded sports kit of £2,119 and a cost of £2,185 that was billed extremely late in relation to an event held in the prior financial year. As these costs are not expected to recur the Trustees are satisfied that the club can continue to operate near to a breakeven level.
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TRI-ANGLIA TRIATHLON CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
FINANCIAL REVIEW
Reserves policy
During the year the CIO reviewed its policy relating reserves and now adopts the following policy:
-
The CIO's main annual event, the Norwich Triathlon, will be insured in the event of cancellation with coverage to the amount of booked revenues [and agreed sponsorship]. As such, in the event of cancellation the club should bear no immediate loss but may see substantial cash outflows while any insurance claim is processed
-
On a monthly basis the Trustees review the CIO cash position, net of cash received for future events and known unsettled liabilities to suppliers to identify "usable cash". No commitments will be made that the Trustees do not believe can be funded from "usable cash"
-
As of 17 March 2026 the CIO holds c. £48,000 of "usable cash" and the Trustees are satisfied with the operation of the policy.
Risk evaluation
The Trustees have assessed the major risks to which the CIO is exposed and are satisfied that systems are in place to mitigate these.
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TRI-ANGLIA TRIATHLON CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a Charity Incorporated Organisation (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 constitution. All are welcome to apply.
The Trustees who served during the year and up to the date of signature of the financial statements were:
o Mr J A Crawford o Mr C Heath (appointed 1.12.2024) o Ms C W White o Mr A White
The day-to-day running of the club is undertaken by a committee under the leadership of a chairperson. The committee is appointed by the Trustees and ratified by the members at the AGM. Further club officers assist the committee with important specific tasks such as kit officer and specific event organisers.
The club relies on volunteers from within the club to organise and help with club events such as the Norwich Triathlon. The club does not pay any member or other volunteer for their time unless services are provided by a member who has specific skills, experience and qualifications to carry out a task which otherwise the CIO would need to buy in.
Safeguarding Policy
The Trustees acknowledge their responsibility of managing risk which is a governance priority and a fundamental part of operating this charity for the public benefit.
As part of fulfilling our duties as Trustees we acknowledge that we must take reasonable steps to protect from harm 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 putting things right. The CIOs policies relevant to this area are in accordance with the British Triathlon Federation safeguarding and protecting children policy requirements and include a code of conduct, a safeguarding and child protection policy, a health and safety policy, and a complaints and disciplinary policy.
Equality and Anti-Bullying Policy
This CIO operates a strict policy of no discrimination or bullying in any form and any member experiencing or witnessing such an act is required to report the facts to a Trustee or committee member. The Trustees will proceed according to the complaints and disciplinary policy, reporting back to the member the action taken.
The CIO has adopted the British Triathlon Federation code of ethics and is committed to encourage equality and diversity within our club and at our open events. This is to ensure that everyone who participates in swim, bike and run activities can do so in a safe and fun environment and to be given the chance to experience the feelings of enjoyment, challenge and achievement that are inherent to the sport.
Induction and training of new trustees
The charity encourages new Trustees to apply and has an induction programme whereby new Trustees will work closely with the existing ones for a period sufficient to enable them to obtain an understanding of the organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1177797
Principal address
Low Farm Saxlingham Nethergate Norwich Norfolk NR15 1TE
Trustees
Mr J A Crawford Mr C Heath Trustee (appointed 1.12.2024) Ms C W White Mr A White
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TRI-ANGLIA TRIATHLON CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner LEES Chartered Certified Accountants Ingram House Meridian Way Norwich Norfolk NR7 0TA
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr A White - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRI-ANGLIA TRIATHLON CLUB
Independent examiner's report to the trustees of Tri-Anglia Triathlon Club
I report to the charity trustees on my examination of the accounts of Tri-Anglia Triathlon Club (the Trust) for the year ended 30 September 2025.
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 2. the accounts do not accord with those records; or
-
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.
Christopher Bidgood
LEES Chartered Certified Accountants Ingram House Meridian Way Norwich Norfolk NR7 0TA Date: .............................................
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TRI-ANGLIA TRIATHLON CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,000 Charitable activities Club sporting events 52,207 Training events sales 51,464 Investment income 2 992 Other income 2,730 Total 128,393 EXPENDITURE ON Charitable activities Club sporting events 54,217 Training events sales 63,471 Overhead operating costs 11,263 Other 5,049 Total 134,000 NET INCOME/(EXPENDITURE) (5,607) RECONCILIATION OF FUNDS Total funds brought forward 76,198 TOTAL FUNDS CARRIED FORWARD 70,591 |
Restricted fund £ - - - - - - - - - - - - - - |
2025 Total funds £ 21,000 52,207 51,464 992 2,730 128,393 54,217 63,471 11,263 5,049 134,000 (5,607) 76,198 70,591 |
2024 Total funds £ 17,257 39,296 57,587 829 2,720 |
|---|---|---|---|
| 117,689 | |||
| 40,404 59,936 10,029 3,139 |
|||
| 113,508 | |||
| 4,181 72,017 |
|||
| 76,198 |
The notes form part of these financial statements
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TRI-ANGLIA TRIATHLON CLUB
BALANCE SHEET 30 SEPTEMBER 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 1,046 CURRENT ASSETS Stocks 6 14,367 Debtors 7 12,524 Cash at bank 81,051 107,942 CREDITORS Amounts falling due within one year 8 (38,397) NET CURRENT ASSETS 69,545 TOTAL ASSETS LESS CURRENT LIABILITIES 70,591 NET ASSETS 70,591 FUNDS 9 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
2025 Total funds £ 1,046 14,367 12,524 81,051 107,942 (38,397) 69,545 70,591 70,591 70,591 70,591 |
2024 Total funds £ 2,497 14,482 9,716 78,203 102,401 (28,700) 73,701 76,198 76,198 76,198 76,198 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr A White - Trustee
The notes form part of these financial statements
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TRI-ANGLIA TRIATHLON CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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 2019)', 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
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. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Bank interest | 992 | 829 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
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TRI-ANGLIA TRIATHLON CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 17,257 Charitable activities Club sporting events 39,296 Training events sales 57,587 Investment income 829 Other income 2,720 Total 117,689 EXPENDITURE ON Charitable activities Club sporting events 40,404 Training events sales 59,936 Overhead operating costs 10,029 Other 3,139 Total 113,508 NET INCOME 4,181 RECONCILIATION OF FUNDS Total funds brought forward 72,017 TOTAL FUNDS CARRIED FORWARD 76,198 5. TANGIBLE FIXED ASSETS COST At 1 October 2024 and 30 September 2025 DEPRECIATION At 1 October 2024 Charge for year At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
Restricted fund £ - - - - - - - - - - - - - - |
Total funds £ 17,257 39,296 57,587 829 2,720 |
|---|---|---|
| 117,689 | ||
| 40,404 59,936 10,029 3,139 |
||
| 113,508 | ||
| 4,181 72,017 |
||
| 76,198 | ||
| Fixtures and fittings £ 23,394 20,897 1,451 22,348 1,046 2,497 |
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TRI-ANGLIA TRIATHLON CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
6. STOCKS
| 6. | STOCKS | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Stocks | 14,367 | 14,482 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade debtors | 3,103 | 280 | ||
| Other debtors | - | 116 | ||
| Prepayments and accrued income | 9,421 | 9,320 | ||
| 12,524 | 9,716 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | 11,302 | 4,615 | ||
| Other creditors | 27,095 | 24,085 | ||
| 38,397 | 28,700 | |||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.24 | in funds | 30.9.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 47,516 | (5,607) | 41,909 | |
| Contingency Reserve | 20,000 | - | 20,000 | |
| Pre-Incorporation fund | 8,682 | - | 8,682 | |
| 76,198 | (5,607) | 70,591 | ||
| TOTAL FUNDS | 76,198 | (5,607) | 70,591 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 128,393 | (134,000) | (5,607) | |
| TOTAL FUNDS | 128,393 | (134,000) | (5,607) |
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TRI-ANGLIA TRIATHLON CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Contingency Reserve Pre-Incorporation fund TOTAL FUNDS |
Net At movement At 1.10.23 in funds 30.9.24 £ £ £ 43,335 4,181 47,516 20,000 - 20,000 8,682 - 8,682 72,017 4,181 76,198 72,017 4,181 76,198 |
Net At movement At 1.10.23 in funds 30.9.24 £ £ £ 43,335 4,181 47,516 20,000 - 20,000 8,682 - 8,682 72,017 4,181 76,198 72,017 4,181 76,198 |
|---|---|---|
| 76,198 | ||
| 76,198 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 117,689 ( 117,689 ( |
Resources Movement expended in funds £ £ 113,508) 4,181 113,508) 4,181 |
Resources Movement expended in funds £ £ 113,508) 4,181 113,508) 4,181 |
|---|---|---|---|
| 4,181 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Contingency Reserve Pre-Incorporation fund TOTAL FUNDS |
Net At movement At 1.10.23 in funds 30.9.25 £ £ £ 43,335 (1,426) 41,909 20,000 - 20,000 8,682 - 8,682 72,017 (1,426) 70,591 72,017 (1,426) 70,591 |
Net At movement At 1.10.23 in funds 30.9.25 £ £ £ 43,335 (1,426) 41,909 20,000 - 20,000 8,682 - 8,682 72,017 (1,426) 70,591 72,017 (1,426) 70,591 |
|---|---|---|
| 70,591 | ||
| 70,591 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 246,082 ( 246,082 ( |
Resources Movement expended in funds £ £ 247,508) (1,426) 247,508) (1,426) |
Resources Movement expended in funds £ £ 247,508) (1,426) 247,508) (1,426) |
|---|---|---|---|
| (1,426) |
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TRI-ANGLIA TRIATHLON CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025.
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TRI-ANGLIA TRIATHLON CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| INCOME AND ENDOWMENTS Donations and legacies Membership sales Gift aid & donations Sponsorships Investment income Bank interest Charitable activities Event sales Training sales Supported events income Other income Kit sales Total incoming resources EXPENDITURE Charitable activities Coaching fees Event consumables Event services Day licences Events for club members Lifeguard fees Medals and trophies Membership costs Payment costs Training consumables Venue hire - events Venue hire - training Other Kit purchases Support costs Administrative costs Accountancy Bank charges Depreciation Garage hire Insurance Meeting and mileage costs Printing and stationery Repairs Social event costs Carried forward |
2025 £ 17,666 3,334 - 21,000 992 52,207 51,464 - 103,671 2,730 128,393 11,232 6,047 29,167 722 301 1,242 7,419 1,536 3,465 544 7,397 48,616 117,688 5,049 3,755 12 1,451 1,100 717 55 442 89 661 8,282 |
2024 £ 14,283 2,474 500 17,257 829 39,296 54,852 2,735 96,883 2,720 117,689 13,954 6,394 24,179 970 1,120 1,250 3,100 1,956 3,903 321 1,858 41,335 100,340 3,139 2,467 (100) 1,613 1,160 791 1,387 - - 969 8,287 |
|---|---|---|
This page does not form part of the statutory financial statements
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TRI-ANGLIA TRIATHLON CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Administrative costs | ||
| Brought forward | 8,282 | 8,287 |
| Training costs | 1,415 | 438 |
| Travel | 67 | 59 |
| Website | 666 | 800 |
| Subscriptions | 833 | 445 |
| 11,263 | 10,029 | |
| Total resources expended | 134,000 | 113,508 |
| Net (expenditure)/income | (5,607) | 4,181 |
This page does not form part of the statutory financial statements
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