REGISTERED CHARITY NUMBER: 1183028
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
For
NORTH STAFFORDSHIRE KICKBOXING
CONTENTS
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1. LEGAL AND ADMINISTRATIVE INFORMATION 2
2. TRUSTEES’ REPORT 2-3
3. ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2021 4-5
4. INDEPENDENT EXAMINER’S REPORT 6-7
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1. LEGAL AND ADMINISTRATIVE INFORMATION
Trustees as at 31[st ] March 2022.
Robert Lea Mountford Simon Walker Nathan Robson
Registered Office
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Unit 22 First Floor (Old Court 5) Fenton Old Town Hall 1 Gimson Street Stoke-on-Trent ST4 3BX
Bankers
Lloyds Bank PO Box 1000 Andover BX1 1LT
2. TRUSTEES REPORT
The Trustees serving during the year were:
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Robert Lea Mountford (Appointed April 2019 with commencement of Charity Registration)
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Simon Walker (Appointed April 2019 with commencement of Charity Registration)
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Nathan Robson (Appointed April 2019 with commencement of Charity Registration)
Other key positions:
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Ewan Eyre: Treasurer
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Rachel Mountford: Safeguarding Officer
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Victoria Farrar: Secretary
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Peter Mellor: Technology Support
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Richard Stretch: Instructor
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Amy Mountford: Instructor
Objectives and activities for the public benefit
North Staffordshire Kickboxing (‘the charity’) exists to fund Kickboxing tuition in North Staffordshire. The Charity was registered with the Charities Commission in April 2019.
The charity’s objects are:
‘To promote community participation in healthy recreation for the public benefit of the inhabitants of North Staffordshire, without distinction of age, sex, sexual orientation, race or of political, religious or other opinions by the provision of facilities for kickboxing.’
Achievements
Since being established membership stays at a consistent level, although subscriptions were not taken when NSK was closed due to the pandemic. However external funding as achieved from Sports England, in the absence of member subscriptions has ensured that NSK remained open once the pandemic had ended.
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Subscription prices were reduced to encourage new members post the pandemic and membership was free to all members in December 2021. The club has started to look again into competitions at both regional and national level and envisage greater involvement in these in FY 2022/23.
The Future of NSK
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Continuing to raise money through donations, grants and events.
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Improve financial resilience.
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Evaluate bigger premises to accommodate ever increasing membership.
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Strengthen Community Links.
3. Accounts for the period ending 31 March 2022
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Income
During the year income of £5914.37 received, this was obtained through Member Subscriptions.
Investment Policy
The current policy is to hold cash in the Lloyds account where it is easily accessible, recognising it only attracts a low rate of return. In the current investment environment of low interest rates it is unlikely that a much better rate can be found from other savings accounts. However, as the charity accumulates cash reserves it will investigate the opportunities to invest in other, more long term investment vehicles, to get better returns so long as this leaves sufficient usable cash for charitable grant purposes.
This policy will be reviewed annually.
Risk Review
The Board of Trustee recognises the importance of conducting a risk review to ensure mitigation against a number of key risk including, funding provision and reputation.
Statement of Trustees’ responsibilities
Through the Governing document, Trustees recognise their responsibilities in support of the Charity.
Trustee interest
No serving Trustee has any interest in the Charity’s contracts. It is proposed that the Trustees approve these accounts 6[th] January 2023.
Signed by the Chair of the Trustees
Mr Robert Lea Mountford Dated: 11[th] January 2023
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