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2023-12-31-accounts

BRIGHTON PHOENIX ATHLETICS AND TRIATHLON CLUB

(Registered charity 1183179)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Contents

Contents
Page
Legal and administrative information 1
Trustees’ report 2-3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6-8

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Legal and administrative information

Charity Number
Business address
Trustees
Bankers
Website
Date of registration
Organisation Type
1183179
12 Lloyd Road
Hove
BN3 6NL
Michael Townley
Josh Guilmant
Darryl Hards
Malcolm Kemp
Barclays Bank plc
http://www.brightonphoenix.org.uk
29 April 2019
Charitable Incorporated Organisation (CIO)

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Trustees’ Report

for the year ended 31 December 2023

The Trustees present their annual report and the financial statements for the year ended 31 December 2023. The trustees who served during the year and up to the date of this report are set out on Page 1.

Structure, governance, and management

Board of Trustees

The Board of the Charity, Brighton Phoenix Athletics and Triathlon Club, consists of the four trustees as follows:

Committee Members

In addition, a sub-committee of the Board exists which is responsible for the day-to-day operations of the Club and is made up of the following members:

Each of the above committee members have different roles in the club and meet on a bi-monthly basis discussing all significant aspects of the organisation. Decisions are made by majority votes.

Objectives and activities

General object

The objects of Brighton Phoenix are the promotion of community participation in healthy recreation for the public benefit in Brighton and the surrounding area by providing facilities for athletics, triathlon, and other sports capable of promoting physical health and fitness. The Club organises sporting activities, provides equipment, offers coaching in athletics, triathlon, and other sports, provides training opportunities and opportunities to participate in races and competitions of different types, and support and education specifically relating to training for and competing in athletics, triathlon, and other sports on an amateur basis.

In 2019 we registered the Club as a Charitable Incorporated Organisation. It was felt by operating as a Charity the Club could continue to grow and build on existing success, laying a

2

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

strong foundation for future achievements, inclusion, community participation, and sporting excellence.

Financial review

The financial position of the Club is satisfactory, and the Committee continues to work hard in maintaining a healthy bank balance whilst encouraging participation and competition through sustainable funding.

However, because of the uncertainty of the Covid-19 pandemic no increase in annual membership fees occurred in 2020 or 2021, despite the Club’s investment in subsidising weekly track hire, with a resultant loss incurred in the 2021 financial year. In 2022 and 2023 the Club increased membership fees resulting in a return to profitability. A further increase is proposed for 2024 given the rising costs of operating anticipated.

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other criminal conduct.

On behalf of the board

M Townley D Hards Chair Treasurer

3

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Statement of financial activities

for the year ended 31 December 2023

Note 2023 2022
£ £
Revenue:
Membership fees and kit sales1 27,215 23,604
Other income:
Phoenix 10k income2 3,777 1,223
Total income 2 30,992 24,827
Operating expenses (23,017) (23,535)
Net operating income / (expenditure) 7,975 1,292
Interest income 67 6
Net income /(expenditure) for the financialyear 8,042 1,298

Operating profit is derived from continuing operations.

1 Includes membership fees, kit sales (after purchases of stock), and net receipts from training sessions. 2 2022 amount, is net of £1,100 donation. 2023 amount is net of £2,000 donation, paid in 2024.

4

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Balance sheet as at 31 December 2023

2023 2022
Note £ £
Fixed assets
Property,plant, and equipment 5 0 0
0 0
Current assets
Debtors 6 0 0
Cash at bank and in hand 31,738 21,696
31,738 21,696
Creditors 7 2,000 0
Net current assets 29,738 21,696
Creditors:amounts falling due after more than one year 7 0 0
Net assets 29,738 21,696
Funds
Unrestricted income funds 8 29,738 21,696
Total funds 29,738 21,696

These financial statements were approved by the Board of Trustees on 22 March 2024 and were signed on its behalf by:

D Hards Treasurer

5

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Notes to the financial statements (continued)

for the year ended 31 December 2023

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1 Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 2011.

1.2 Cashflow

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.

1.3 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income:

1.4 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes such as sales of kit.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

1.6 Leasing

Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.

1.7 Stock

Stock is expensed through the profit and loss account on a cost basis. Kit sales are recorded as revenue, less stock purchases.

2. Income

Income from operating activities

2023 2022
£ £
Membership subscriptions 29,484 25,160
Cash deposits / kit sales (2,296) (1,463)
Phoenix 10k net income 3,777 1,223
Net income from training sessions 27 (93)
Total income 30,992 24,827

3. Employees

3.1 Employment costs

No salaries or wages have been paid to employees, including the trustees, during the year.

3.2 Number of employees

The average monthly numbers of employees (including the trustees) during the year, calculated based on full time equivalents, was as follows:

2023 2022
Number of trustees 4 4

4. Trustees’ emoluments

There were no employees during the year apart from the trustees. None of the trustees are paid for their services.

5. Tangible fixed assets

No tangible fixed assets were held by the Club in the period.

6. Debtors

No unpaid debtors existed at the balance sheet date.

7

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

7. Creditors

2023 2022
£ £
Charitable donation from PHX 10K net proceeds 2,000 0
Total creditors 2,000 0

All creditors were paid by 22 March 2024.

8. Unrestricted funds

General funds from charitable purposes 1 January
2023
Incoming
resources
Outgoing
resources
31 December
2023
£
£
£
£
21,696
31,059
(23,017)
29,738

9. Subsequent events

There were no subsequent adjusting or non-adjusting post balance sheet events.

The following pages do not form part of the statutory accounts.

8

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Detailed statement of financial activities

Revenue:
Membership subscriptions
Kit sales (less purchases)
Other income:
Phx 10k
Swimming
Total revenue
Operating expenses:
EA and reg fees
Other affiliation fees
Track hire
BMC subscriptions
Race / league entries
Training / coaching / courses / equipment
Awards night (tickets less venue costs)
Awards night prizes
U11/U13 race initiative
Other misc. exp (incl. website fees)
Total operating expenditure
Net operating income / (expenditure)
Interest income
Net income / (expenditure)
2023
2022
£29,484
£25,160
(£2,296)
(£1,463)
£3,777
£1,223
£27
(£93)
£30,992
£24,827
(£8,643)
(£7,227)
(£405)
(£325)
(£10,071)
(£9,542)
(£100)
(£90)
(£1,571)
(£1,879)
(£1,459)
(£1,922)
(£90)
(£385)
(£0)
(£474)
(£0)
(£1,304)
(£678)
(£387)
(£23,017)
(£23,535)
£7,975
£1,292
£67
£6
£8,042
£1,298

9

BRIGHTON PHOENIX ATHLETICS AND TRIATHLON CLUB

(Registered charity 1183179)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Contents

Contents
Page
Legal and administrative information 1
Trustees’ report 2-3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6-8

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Legal and administrative information

Charity Number
Business address
Trustees
Bankers
Website
Date of registration
Organisation Type
1183179
12 Lloyd Road
Hove
BN3 6NL
Michael Townley
Josh Guilmant
Darryl Hards
Malcolm Kemp
Barclays Bank plc
http://www.brightonphoenix.org.uk
29 April 2019
Charitable Incorporated Organisation (CIO)

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Trustees’ Report

for the year ended 31 December 2023

The Trustees present their annual report and the financial statements for the year ended 31 December 2023. The trustees who served during the year and up to the date of this report are set out on Page 1.

Structure, governance, and management

Board of Trustees

The Board of the Charity, Brighton Phoenix Athletics and Triathlon Club, consists of the four trustees as follows:

Committee Members

In addition, a sub-committee of the Board exists which is responsible for the day-to-day operations of the Club and is made up of the following members:

Each of the above committee members have different roles in the club and meet on a bi-monthly basis discussing all significant aspects of the organisation. Decisions are made by majority votes.

Objectives and activities

General object

The objects of Brighton Phoenix are the promotion of community participation in healthy recreation for the public benefit in Brighton and the surrounding area by providing facilities for athletics, triathlon, and other sports capable of promoting physical health and fitness. The Club organises sporting activities, provides equipment, offers coaching in athletics, triathlon, and other sports, provides training opportunities and opportunities to participate in races and competitions of different types, and support and education specifically relating to training for and competing in athletics, triathlon, and other sports on an amateur basis.

In 2019 we registered the Club as a Charitable Incorporated Organisation. It was felt by operating as a Charity the Club could continue to grow and build on existing success, laying a

2

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

strong foundation for future achievements, inclusion, community participation, and sporting excellence.

Financial review

The financial position of the Club is satisfactory, and the Committee continues to work hard in maintaining a healthy bank balance whilst encouraging participation and competition through sustainable funding.

However, because of the uncertainty of the Covid-19 pandemic no increase in annual membership fees occurred in 2020 or 2021, despite the Club’s investment in subsidising weekly track hire, with a resultant loss incurred in the 2021 financial year. In 2022 and 2023 the Club increased membership fees resulting in a return to profitability. A further increase is proposed for 2024 given the rising costs of operating anticipated.

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other criminal conduct.

On behalf of the board

M Townley D Hards Chair Treasurer

3

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Statement of financial activities

for the year ended 31 December 2023

Note 2023 2022
£ £
Revenue:
Membership fees and kit sales1 27,215 23,604
Other income:
Phoenix 10k income2 3,777 1,223
Total income 2 30,992 24,827
Operating expenses (23,017) (23,535)
Net operating income / (expenditure) 7,975 1,292
Interest income 67 6
Net income /(expenditure) for the financialyear 8,042 1,298

Operating profit is derived from continuing operations.

1 Includes membership fees, kit sales (after purchases of stock), and net receipts from training sessions. 2 2022 amount, is net of £1,100 donation. 2023 amount is net of £2,000 donation, paid in 2024.

4

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Balance sheet as at 31 December 2023

2023 2022
Note £ £
Fixed assets
Property,plant, and equipment 5 0 0
0 0
Current assets
Debtors 6 0 0
Cash at bank and in hand 31,738 21,696
31,738 21,696
Creditors 7 2,000 0
Net current assets 29,738 21,696
Creditors:amounts falling due after more than one year 7 0 0
Net assets 29,738 21,696
Funds
Unrestricted income funds 8 29,738 21,696
Total funds 29,738 21,696

These financial statements were approved by the Board of Trustees on 22 March 2024 and were signed on its behalf by:

D Hards Treasurer

5

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Notes to the financial statements (continued)

for the year ended 31 December 2023

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1 Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 2011.

1.2 Cashflow

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.

1.3 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income:

1.4 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes such as sales of kit.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

1.6 Leasing

Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.

1.7 Stock

Stock is expensed through the profit and loss account on a cost basis. Kit sales are recorded as revenue, less stock purchases.

2. Income

Income from operating activities

2023 2022
£ £
Membership subscriptions 29,484 25,160
Cash deposits / kit sales (2,296) (1,463)
Phoenix 10k net income 3,777 1,223
Net income from training sessions 27 (93)
Total income 30,992 24,827

3. Employees

3.1 Employment costs

No salaries or wages have been paid to employees, including the trustees, during the year.

3.2 Number of employees

The average monthly numbers of employees (including the trustees) during the year, calculated based on full time equivalents, was as follows:

2023 2022
Number of trustees 4 4

4. Trustees’ emoluments

There were no employees during the year apart from the trustees. None of the trustees are paid for their services.

5. Tangible fixed assets

No tangible fixed assets were held by the Club in the period.

6. Debtors

No unpaid debtors existed at the balance sheet date.

7

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

7. Creditors

2023 2022
£ £
Charitable donation from PHX 10K net proceeds 2,000 0
Total creditors 2,000 0

All creditors were paid by 22 March 2024.

8. Unrestricted funds

General funds from charitable purposes 1 January
2023
Incoming
resources
Outgoing
resources
31 December
2023
£
£
£
£
21,696
31,059
(23,017)
29,738

9. Subsequent events

There were no subsequent adjusting or non-adjusting post balance sheet events.

The following pages do not form part of the statutory accounts.

8

Brighton Phoenix Athletics and Triathlon Club Financial statements Year ended 31 December 2023 Registered charity: 1183179

Detailed statement of financial activities

Revenue:
Membership subscriptions
Kit sales (less purchases)
Other income:
Phx 10k
Swimming
Total revenue
Operating expenses:
EA and reg fees
Other affiliation fees
Track hire
BMC subscriptions
Race / league entries
Training / coaching / courses / equipment
Awards night (tickets less venue costs)
Awards night prizes
U11/U13 race initiative
Other misc. exp (incl. website fees)
Total operating expenditure
Net operating income / (expenditure)
Interest income
Net income / (expenditure)
2023
2022
£29,484
£25,160
(£2,296)
(£1,463)
£3,777
£1,223
£27
(£93)
£30,992
£24,827
(£8,643)
(£7,227)
(£405)
(£325)
(£10,071)
(£9,542)
(£100)
(£90)
(£1,571)
(£1,879)
(£1,459)
(£1,922)
(£90)
(£385)
(£0)
(£474)
(£0)
(£1,304)
(£678)
(£387)
(£23,017)
(£23,535)
£7,975
£1,292
£67
£6
£8,042
£1,298

9

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name Brighton Phoenix Athletic & Triathlon Club 2023 Charity no (if any) 126679 On accounts for the year ended Set out on pages 1 to 11 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2023 .

Responsibilities and basis of report

As the charity's trustees, 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 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 Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed: Nick Alexandrou Date: 30/03/2025 Name: Nick Alexandrou Relevant professional ACMA CGMA MBA qualification(s) or body (if any): Address: 29 St Nicholas Road

1

Oct 2018

IER

Brighton BN1 3LP

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to No material concerns disclose .

2

Oct 2018

IER