CHARITY REGISTRATION NUMBER: 1180938
DEAL TRI CIO
UNAUDITED FINANCIAL STATEMENTS YEAR ENDED
30 SEPTEMBER 2025
Levicks
Chartered Accountants and Business Advisers 61 London Road
Maidstone Kent ME16 8TX
DEAL TRI CIO
CONTENTS PAGE
YEAR ENDED 30 SEPTEMBER 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 |
DEAL TRI CIO
PAGE 1
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 September 2025.
Reference and administrative details
| Registered charity name | Deal Tri |
|---|---|
| Charity registration number | 1180938 |
| Principal office and registered | Number One Guest House |
| office | 1 Castle Street |
| Dover | |
| Kent | |
| CT16 1QH | |
| The trustees | T Ryan (Chair) |
| G Riley (Vice Chair) | |
| M Reidy (Secretary) | |
| A Jones | |
| Independent examiner | J A Williamson FCA |
| Levicks Chartered Accountants and Business Advisers | |
| 61 London Road | |
| Maidstone | |
| Kent | |
| ME16 8TX | |
| Bankers | HSBC |
| 9 Rose Lane | |
| Canterbury | |
| Kent | |
| CT1 2JP |
PAGE 2
DEAL TRI CIO
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 30 SEPTEMBER 2025
Structure, governance and management
The charity was incorporated on 30 November 2018 and is governed by its Memorandum and Articles of Association. The charity’s registered office is Number One Guest House, 1 Castle Street, Dover, Kent, CT16 1QH, registered number 1180938.
Trustees step down and are re-elected at each Annual general meeting. Recruitment of trustees is by word of mouth as a vacancy arises and are trained in accordance with the Charity Commission guidelines. The Trustees meet on a regular basis to discuss the running of the charity and the trustees are responsible for all decision making.
Objectives and activities
Deal Tri is a local based triathlon club, offering an opportunity to be able to take part in sport. Its main activity is the promotion of community participation in healthy recreation in particularly the provision of facilities for swimming, cycling and running.
Achievements and performance
During the year the club hosted 3 running events being our half marathon, 10k and 5-mile race which continue to prove popular with the running community.
The club supported the following charities: The East Kent Hospitals Charity
The club has been supporting this charity since 2001 in memory of club founder member Roger FrancisDarby. Our donation from the Dinosaur 10k race goes to the Skin Cancer Department at the Kent & Canterbury Hospital.
Air Ambulance Kent Surrey Sussex
Every year we host a Club Ride, where we invite members and others from the cycling community to join us to remember those who have sadly been taken from us in cycling accidents. The donation is made from monies raised from the Coffee and Cake Stop en-route.
Deal Carnival and Regatta
A donation is also made to the above for the support they offer at the Dinosaur 10k which is held in Deal.
After club event expenses have been met, we have been able to subsidise the following for the membership:
Club training sessions Run Training Day with an expert in this field Membership race subsidies A Club Awards Evening Christmas Parties for both seniors and juniors.
PAGE 3
DEAL TRI CIO
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 30 SEPTEMBER 2025
Financial review
The results for the CIO’s trading year saw total income of £50,367. Bank balances held at 30 September 2025 were £57,056. Total reserves at the end of the year were £61,465. There are no restricted reserves.
It has been agreed to hold reserves equal to at least six months expenditure to meet our club commitments such as our race costs, club subsidies and any unforeseen issues.
There are currently no uncertainties about the charity continuing as a going concern. However, the trustee’s do review and monitor any issues within the club.
We have identified any potential risks that the club could face for example event cancellation, which have been recorded on our risk assessment register.
Plans for the future
Deal Tri will continue to organise running events for the club and the community.
The trustees have complied with the duty in Section 17 (5) of the 2011 Charities Act to have due regard to guidance published by the Charities Commission in respect of public benefit.
The trustees report was approved on ………………….
…………….. ……………..
M Reidy A Jones Trustee Trustee
……………..
G Riley Trustee
DEAL TRI CIO
PAGE 4
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DEAL TRI CIO
YEAR ENDED 30 SEPTEMBER 2025
I report to the trustees on my examination of the accounts of Deal Tri CIO (the Trust) for the year ended 30 September 2025, which are set out on pages 5 to 11.
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 Trustee’s 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 145(5)(b) of the 2011 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:
(1) 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.
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.
PAGE 5
DEAL TRI CIO
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Charitable activities | 4 | 50,367 | 50,367 | 42,179 |
| Investment income | 4 | 491 | 491 | 540 |
| --------------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 50,858 | 50,858 | 42,719 | |
| ================================ | ================================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5 | (52,093) | (52,093) | (37,361) |
| -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total expenditure | (52,093) | (52,093) | (37,361) | |
| ================================ | ================================ | ============================ | ||
| -------------------------------- | --------------------------------- | ---------------------------- | ||
| Net income and net movement in funds | (1,235) | (1,235) | 5,358 | |
| ================================ | ================================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 62,700 | 62,700 | 57,342 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 61,465 | 61,465 | 62,700 | |
| ================================ | ================================ | ================================ |
DEAL TRI CIO
PAGE 6
BALANCE SHEET
AT 30 SEPTEMBER 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 6 | 871 | 1,025 | ||
| CURRENT ASSETS | |||||
| Stocks | 7 | 4,798 | 5,440 | ||
| Cash at bank and in hand | 57,056 | 57,435 | |||
| -------------------------------- | -------------------------------- | ||||
| 61,854 | 62,875 | ||||
| CREDITORS: amounts falling due | |||||
| within one year | 8 | 1,260 | 1,200 | ||
| -------------------------------- | -------------------------------- | ||||
| NET CURRENT ASSETS | 60,594 | 61,675 | |||
| ---------------------------- | -------------------------------- | ||||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 61,465 | 62,700 | |||
| -------------------------------- | -------------------------------- | ||||
| NET ASSETS | 61,465 | 62,700 | |||
| ================================ | ================================ | ||||
| FUNDS OF THE CHARITY | |||||
| Unrestricted funds | 61,465 | 62,700 | |||
| -------------------------------- | -------------------------------- | ||||
| Total charity funds | 11 | 61,465 | 62,700 | ||
| ================================ | ================================ |
Approved by the trustees on………………….. and are signed on their behalf by:
……………..
……………..
M Reidy Trustee
A Jones Trustee
……………..
G Riley Trustee
DEAL TRI CIO
PAGE 7
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
1. General information
Deal Tri is a charitable incorporated organisation registered with the Charity Commission in England and Wales. The address of the registered office is Number One Guest House, 1 Castle Street, Dover, Kent, CT16 1QH. The charitable incorporated organisation registered with the Charity Commission on 30 November 2018.
2. Statement of compliance
These financial statements have been prepared in accordance with the 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) (Charities SORP (FRS 102)), and the Charities Act 2011.
The charity is a public benefit entity as defined by FRS 102.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
DEAL TRI CIO
PAGE 8
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15% reducing balance Fixtures and fittings - 33.3% straight line Stocks
Stock is measured at the lower of cost and net realisable value after making allowance for obsolete and slow moving items.
Current assets
Amounts owed to the charity at the year end in respect of events or other income are shown as debtors, less provision for amounts that may prove uncollectible.
Current liabilities
Creditors represent sums committed for payment prior to the balance sheet date that were not settled as at that date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
DEAL TRI CIO
PAGE 9
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
4. Income and endowments
| Charitable activities | Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | 2024 | ||
| £ | £ | £ | ||
| General income | 22,708 | 22,708 | 17,881 | |
| Open races | 17,376 | 17,376 | 14,086 | |
| Club races | 6,191 | 6,191 | 6,221 | |
| Social events | 3,473 | 3,473 | 3,466 | |
| Grants and donations | 619 | 619 | 525 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 50,367 | 50,367 | 42,179 | ||
| ============================ | ============================ | ============================ | ||
| Investment income | Unrestricted | Total Funds | Total Funds | |
| Funds | 2025 | 2024 | ||
| £ | £ | £ | ||
| Interest receivable | 491 | 491 | 540 | |
| ============== | ============== | ======================= | ||
| 5. | Expenditure on charitable activities | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2025 | 2024 | ||
| £ | £ | £ | ||
| General purchases | 15,646 | 15,646 | 11,510 | |
| Club races purchases | 3,409 | 3,409 | 4,155 | |
| Open races purchases | 22,366 | 22,366 | 13,203 | |
| Social event costs | 4,004 | 4,004 | 4,007 | |
| Insurance | 378 | 378 | 383 | |
| Repairs and maintenance | - | - | - | |
| Committee and administration costs | 1,231 | 1,231 | 1,120 | |
| Printing, postage and stationery | - | - | 70 | |
| Sundy expense | - | - | - | |
| Donations | 861 | 861 | 535 | |
| Website costs | 1,215 | 1,215 | 433 | |
| Independent examination fee | 1,260 | 1,260 | 1,200 | |
| Legal and professional | 499 | 499 | 395 | |
| Depreciation | 154 | 154 | 258 | |
| Bank charges | 70 | 70 | 92 | |
| Ian Pettitt Legacy Grant | 1,000 | 1,000 | - | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 52,093 | 52,093 | 37,361 | ||
| ============================ | ============================ | ============================ |
Governance costs of £1,260 (2024: £1,200) are included in the expenditure above.
PAGE 10
DEAL TRI CIO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
6. Fixed assets
| Plant & | |||
|---|---|---|---|
| Machinery | Equipment | Total | |
| £ | £ | £ | |
| COST | |||
| Brought forward | 2,308 | 1,068 | 3,376 |
| Additions | - | - | - |
| ______ | ______ | ______ | |
| At end of year | 2,308 | 1,068 | 3,376 |
| ______ | ______ | ______ | |
| DEPRECIATION | |||
| Brought forward | 1,283 | 1,068 | 2,351 |
| Charge for the year | 154 | - | 154 |
| ______ | ______ | ______ | |
| At end of year | 1,437 | 1,068 | 2,505 |
| ______ | ______ | ______ | |
| NET BOOK VALUE | |||
| At 30 September 2025 | 871 | - | 871 |
| ______ | ______ | ______ | |
| 7. Stock |
|||
| 2025 | 2024 |
||
| £ | £ | ||
| Stock | 4,798 | 5,440 | |
| ______ | ______ | ||
| 8. Creditors |
|||
| 2025 | 2024 |
||
| £ | £ | ||
| Accruals | 1,260 | 1,200 | |
| ______ | ______ |
DEAL TRI CIO
PAGE 11
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
9. Staff
The charity does not employ any staff.
10. Independent examination fees
Independent examination fees of the financial statements are £1,260 (2024: £1,200).
11. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 1 | At 30 | |||
| October | September | |||
| 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| General funds | 62,700 | 50,858 | 52,093 | 61,465 |
| =================================== | =================================== | =================================== | =================================== | |
| At 1 | At 30 | |||
| October | September | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 57,342 | 42,719 | 37,361 | 62,700 |
| =================================== | =================================== | =================================== | =================================== |
12. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Tangible fixed assets | 871 | 871 |
| Current assets | 61,854 | 61,854 |
| Creditors less than 1 year | (1,260) | (1,260) |
| ---------------------------- | ---------------------------- | |
| Net assets | 61,465 ============================ |
61,465 ============================ |
13. Trustee remuneration and expenses
No trustees received any remuneration or expenses in the year.
14. Related party transactions
There were no related party transactions in the year.