CHARITY REGISTRATION NUMBER: 1180938 DEAL TRI CIO UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 Levick• Chtered Accountants and Bnets Advisers 61 London Road Maid$tMe ME16 8TX
DEAL TRI CIO CONTENTS PAGE YEAR ENDED 30 SEPTEMBER 2024 Pago Trustees, annual report Independent examinerfs report to the trustees ststement of financial activities Balance sheet Notes to the financial statements
DEAL TRI CIO PAGE 1 TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 The trust•es present their report and the unau(*ted finan(aal statements ofthe tharfty for the year ended 30 September 2024. Rofevence and admlnlstratlv• detalls R•gi•t•r•d charity namg Deal Tri Charlty r•glstratMJn number 1180938 Principal office and registered Number One Guest House office 1 Casue Street Dover Kent CT16 1QH The tnJ$t•61 T Ryan G Riley M Reidy A Jones (Chaw) (Vice Chair) (Secretary) Indep•nd•nt •xamlner J A IMliaThY&on FCA Levick8 Chartered A¢countsnts and 8u8ine88 Athr8erB 61 London Road Maidslone Kent ME16 8TX Bankers HSBC 9 Rose Lane Canterbury Kent CT12JP
DEAL TRI CIO PAGE 2 TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 Structure¥ govornance MagaMe0t The ¢harity wa$ Incorporat on 30 Novenknr 2018 is govwned by its Memorancknm and Articles of Assoaalion. The charity's registered office is Number One Guest House, 1 Casue Street, Dover, Kent, CT16 1QH, regstered numbeT 1180938. TnJstee8 Step dovm and are re-elecled at each Annual general meetino. Recruitment of trustee815 by word of moulh as a vacancy aiises and are trained in accordance WTih the Charity Commission guidelines. The Trustees meet oll a regular ba6 to di5(3JSs the running of the charity and th8 Imstees are re8ponsible for ill dec45ion makn"ng. Obie¢tiv•s and activi¢ie• Deal Tfi is a local based triathlon club. offering an opportynity lo be able to tske part n sport. Its main a¢tlvlty1s the promotlon of community partiupation in healthy recreation in partr'culaTty Ihe provlsion of fa¢ilitle8 for swimming, cycling and running. A¢hievements and perfomian During the year the dub hosted 3 Tunning events being our half morothon. 10k and s-mile race continue to prove popular the wnning community. The club supported the following charities.. The East Kent Hospitals Charity The club has been SUPPOTting this th•rity since 2001 in memory ofclub founder member Roger Francis- Darby. Our donatlon from the Th"no8aur 10k race goes to the Skin Cancer Departnt at the Kent & Canterbury Hospital. AirAmbulance Kent Surrey Su8sex Every ye4T we host a Club Rlde, vthere we invite members and others from the cycling community to n ug lo remember Ihose have 88dty been taken from us in cycling accidents. The ¢A)natyon 1$ made from monies raised from the Coffee and Cake Stop en-route. Deal Camival 8nd R8gatta A donation is also made to the above the support they offer at the Dwtosaur 1 Ok t+A)ich is held in Deal. After club event expenses have been me( we have been able to subsldse Ihe followthg for the membership.. Club training 5e88ions Run Tralning Day an expert in th18 fleld Membership race subsidies A Club Awards Evening Christmas Parlies for both senior¥ and nIorS.
DEAL TRI CIO PAGE 3 TRUSTEES. ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 Financial rwiew The resLblts forthe CIO'S trading year saw total income of £42,719. Bank balances held at 30 September 2024 were £57,435. Total reserves at the end of Ihe year were £62,700. There are no restricted reserves. It has been agfe•d to hold re$eNes equal to at least six months expeno)ture to meet our dub commitments 88 our race costs, club Subsidles and any unforeseen issues. There are CLKrenty no uncertainties about the charity conlinuing as a golng concern. H¢)wever, the lJusteé'8 do ievlew and monitor any188u8s lthln the dub. We hav• idenbfied fjny potential fisks that the dub could lace for example event cancellation, 4•thich have been recorded on our risk assessment fe&ister. Plan forthe fu Doal Tri wlll Gontinue lo organi80 running gvents lor the dub and the community. The tfustees have complied with the thty in Se¢tion 17 (51 of the 2011 Charities Actto have due Tegard to wldance published by the Charities Commission in respect of public benefft. The tru6tee8 report was approved on .. M Reidy Trustee A Jone8 Tnjstee G Riley Tru8tse
DEAL TRI CIO PAGE 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEAL TRI CIO YEAR ENDED 30 SEPTEMBER 2024 I report to the trustees on my examinatKn of acnts of Deal Tri CIO (the Trust) for the year ended 30 September 2024. which are oul on pages 5 to 11. Roeponlbilitie¥ and b•818 of i•port Asthe chanty Irnstees ofthe Trust you are respons> brthe prewatlon ofthe4cnl9 in accordance th the requirements of the Charities kt 2011 Ilhe ACYI. I report in respert of ry examination of the Ttee.3 accounts e4ni•d out under sectson 145 of the 2011 Act and in carrying ou¢ my examinab.on I have follo¥d all Iho applicable Directions given by the Chanty Commis81on under seclion 14515}Ib) of the 2011 Act. IThd•nd•nt •x•mln•V• itst•Mrt I have completed my examinaticm. I confim that no material matters have come to my attentk)n in connKtyon wth the eXaMinatn giwng me cauae to beh'eve that in any mateiial res1.. (1) actounling recordj were not kepl respect of the Trust a5 re9uirod by section 130 of the Act.. or (21 the accounts do not •c¢or(I vrith those record$. I have no concems arKI have come acro no other mgttws in connectlon with the examlnatlon to vthich attentron should be drawn in this repcrft in order to enable a proper undernt8ndlng of the 8Gcounts lo be reached. J A Wfilliamson FCA LEVICKS Chartered Accountants and Bu8bM88 AseY8 61 London Road Maldstone Kent ME19 8TX S February 25
DEAL TRI CIO PAGE6 STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2024 2024 Unrestricted fijndg T¢)tsl funds Total Thd8 2023 Inc¢)me and endoT*Tn¢Trts Charitablè activrties Investment income 42,179 540 42,179 38,343 318 Total incom• 42,719 42,719 38,661 Expenditure EKpenditure on charitsble a¢tivtho$ Total exndItUrn (37,361) (37.361> (37,3611 (37,361) 136,7091 {36,7091 Net Incomo and not movem•nt in funds 5,358 6,368 1,952 Reconcillatlon of fund¥ Total ndS brou1 forward Total lunds nied lon¥ard 57.342 67J42 55,390 2,700 62,700 57,342
DEAL TRI CIO PAGE 6 BALANCE SHEET AT 30 SEPTEMBER 2024 2024 2023 FIXED ASSETS Tangible ffixed assets 1,025 1,283 CURRENT ASSETS stocks Cash atbank and in hand 4,529 52,670 Sl,435 62075 57,199 CREDITORS: amounts lalllng due within on• year NET CURRENT ASSETS 1200 1.140 61.676 56,059 TOTAL ASSETS LESS CURRENT LIABIUTIES 02,700 57,342 NET ASSETS 62,700 57,342 FUNDS OF THE CHARir Unrestrlcted ndS 62,71)o 62,700 57,342 Total ¢harity funds 11 57,342 3?/ii/t4 Approved by Ihe trustees on.... . . and are signed M their beh•ll by.. M Reidy Trustee A J*Ytes Twstee G Riley Trustee
DEAL TRI CIO PAGE 7 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 O•n•ral infornution Oeal Tri Is a charitable incorporatsd organisation gIStered 1th the Charky Comml8slon tn England and Wales. The address of Ihe registered office 1$ Number One Guest House, 1 caSe Street, Dover. Kent. CT16 1QH. The tharitable KKwated organisalion registered the Charity Commt83ion on 30 November 2018. stal•mwt ol ¢¢mplian These financial statements have been prepared In accordance wth the Statement of Rècommended Practice applicable to charities preparing their accounts in accordance wth tho Financlal Reporting Standard appliCae in the UK and Republc of Ireland IFRS 102) (Cha•6 SORP IFRS 102)), and the Chari'es Act 2011. The charity is a public benefit entity os defined by FRS 102. AccountSng poli¢i•$ Basis of prnp•ratl¢ The finan¢ial stslements have en prepared on the historical cost basis, as modiffied by the revaluation of ¢ertain ffinancial assets and Ilabiliti"e8 and Investment proper¥fj8 m•asured at falr value through income Of expeniture. The finand81 ststements are rKep•red In slerting, r4 th¢ functional cuffency ofthe entity. Qoing ¢w¢ern There are no matsrtal uncèrtaintie# about the chall8 abllty to continue. Fund Accounta Unrestricted fiJnd8 are available for u8e at the di8uellon of the Irustee5 to further ony of the Gharity's purposes. All income is included in the statement of financial activitie5 when entiuemenl hos passed to the charity, it 15 Probable that the economic beneffts assoaated the transaciion will ftow to Ihe charity and Ihe amount can be reliably rneasured. The follomng $pe¢lfic policies are applied to p•rb'cul8r ¢4tegorie8 of income..
DEAL TRI CIO PAGE 8 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 Resources eXpded Expenditure is recognisèd on an accrual basis Its a Ila"11fy is inrTed. Charitsble expenditure compri$es Ihose costs incuffed by the chanty in the delivery of its activitie8 and services for its benefiThaiies. It include5 Costs that can be allocated direclly to such activities and th0 costs ofan indirect nature necessary to 5UPPOrt them. Goveman¢e costs indude those costs as50¢ialed th meeting the ¢onstibAonal and 6tatutory requirements oflhe ¢hanty and indude the independent exanunation fees. Tgng•bl• assets Tangwble assets are initialty recorded at cost, Jnd 8ubs¢wenty 8tJted 81 o)st Se¥8 any accumulated depreciat6on and impairment losses. Deprn¢ialion Oeprecialion 1$ Calculated $0 as to V4Trte off the c05t or valuallon of an asset, le8s its resithal value, ovèi the u8eful economic lile of that assel as follow6.' P18nt and machinery Fixtures and fitbngs 15% rethclng bal¢• 33.3% Strait line Sto¢*s Stock is measured atthe lower of co¥t and net reali5able value after making allowance for obsc4ete and slow moving items. Current ajsots Arnounls owed to the charity It the year end in re8pect of events or other Income are 8hovm 8$ debtors, le88 provl8lon omounts Ihal may wove unllectIble. Current liabiliti•s Credltors represent sums committed f¢Y paym&nl prior to the balanco 8heet dale that were not settled as at that date. Financl•l instrnmeDts Flnancial In8truments are dassiffied and accounted for. according to the substsn¢e of the contractyal arrangement, as either financial assels. financial liabrlities or equity instruments. An equty instrument is any ¢ontract that evidences a residual interest in the assets of the company aft•r deducting all of its liabililies.
DEAL TRI CIO PAGE 9 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 Income and endovnnents Charitabl• activiti•s Unreslricted Total Funds TO1 Funds Funds 2024 2023 General income Open races Club races Social events Grants and donations 17,881 14,086 6,221 3,466 525 17N1 14.086 6321 3,466 625 14,579 15,436 6.340 1,988 42,179 42.179 38,343 lTrvestment incom• Unrestricted Total Fund Totsl Funds Funds 2024 2023 Intsre8t re¢élvablè 540 540 318 Expwdltyr• on ¢h4rh4ble activilies Unrestricted fot41 Funds Totsl Funds Funds 2024 2023 General purchases Club races purchasè# Opon races purchases So(aal event ¢o$ts Insurance Repairs and malnlenance Committee and adn¥nistralon c08ts Finling. postage and stationery Sundy expense Donabons Website costs Independent examinalon fee Legal and professional Depreciation 8ank charg•s 11.510 4.155 13.203 4.007 383 11,610 4,156 13,203 4,007 383 14,416 3,366 10,604 3,814 374 1,120 70 1,120 70 954 144 28 264 383 1,140 825 291 106 535 433 1,200 395 258 535 433 1,200 396 92 37,361 37,361 36,709 Governance costs of £1,2fK) (2023: £1,140) are induded in the expendtlure above.
DEAL TRI CIO PAGE 10 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 Fixed assets Plant & Machinery Ewipment Totsl COST Brought forrd 2,308 1.068 3,376 Addition8 At end of year 2.308 1.C68 3,376 DEPRECIATION Brought forward 1.103 990 2,093 Charg¢ for the y¢ar 180 78 At end ol year 1.283 1,068 2J51 NET 800K VALue At 30 SePteTher 2024 1,025 1,025 Slock 2024 2023 Stock 4,529 reditorJ 2024 2023 Accruals 1.140
DEAL TRI CIO PAGE 11 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 The ¢*arfty do65 not enyloy any staff. 10. Ind•p8ndent examknatlon foes Independerrt exanmnatron fees of the frnanlial statements are £1200 (2023.. £1,140). 11. A Tralysis of ¢h•iilable funds Unrestrictsd funds At30 September 2024 Od¢)ber 2023 Income Expendtbjre GenerBI fundB 57.342 42,719 37,361 62,700 Atl Octob 2022 At30 September 2023 Income Expen(Iture Genèral funib 55,390 38,661 36.709 67,342 12. Analy¥l¥ ol n41 ass•ts between funds Unrestn'cted Tt)tsl Funds Funds 2024 Tangible fixed assets Current a88ets Creditors less than 1 year Net ass•ts 1.025 62,875 (1,200) 62,7th) 1.020 62M75 11,2001 62,700 13. Truste8 rernuneroli¢n and expenses No Itustees received any rerywneration (Y expen8e8 in the year. 14. Related party transactions There were no related party transac11c$ Ni the year.