Charity number: 1186699
Derby Trailblazers Basketball Club
Trustees' Report and Financial Statements
For the year ended 30 November 2021
Derby Trailblazers Basketball Club
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charitable Incorporated Organisation, its | 1 |
| Trustees and advisers | |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 20 |
Derby Trailblazers Basketball Club
Reference and Administrative Details of the Charitable Incorporated Organisation, its Trustees and Advisers For the year ended 30 November 2021
| Trustees | Mrs D Woodyatt |
|---|---|
| Mrs J Marriott | |
| Mr M Shaw | |
| Mr D Woodyatt | |
| Charity registered number 1186699 Principal office 7 Cooks Drive Castle Donington Derby Derbyshire DE74 2SW Accountants Dains Audit Limited 15 Colmore Row Birmingham B3 2BH |
Page 1
Derby Trailblazers Basketball Club
Trustees' report For the year ended 30 November 2021
The Trustees present their annual report together with the financial statements of the Charitable Incorporated Organisation for the year 1 December 2020 to 30 November 2021.
Objectives and activities
a. Policies and objectives
The objects of the CIO are:
To promote community participation in healthy recreation by providing facilities to participate in the sport of basketball and to gain qualifications and experience in basketball in all of the following roles;
i) Player;
ii) Referee; iii) Official; or iv) Coach.
For the purposes of this clause "facilities" means land, buildings, equipment and organising sporting activities.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The CIO promotes community participation in healthy recreation by (but not limited to);
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1) providing facilities to participate in the sport of basketball;
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2) provide experience in the roles of player, referee official and coach for the above sport;
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3) helping individuals to gain qualifications in the sport.
c. Main activities undertaken to further the Charitable Incorporated Organisation's purposes for the public benefit
The Trustees of the charity are aware of the Charity Commission's guidance on public benefit and this now forms part of the Induction Pack for new Trustees.
The Public Benefit provided by the Charity include:
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the education of young people
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advancing amateur sport
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advancing health
The beneficiaries are all members of the public and local community. Further details can be found in the activities undertaken to achieve objectives section of the Trustees report.
Page 2
Derby Trailblazers Basketball Club
Trustees' report (continued) For the year ended 30 November 2021
Achievements and performance
a. Review of activities
Over the last financial year the club activities continued to be affected by COVID and the government restriction put on spectators attending sporting events and non elite sporting activities.
The Trustees and members maintained good lines of communication with players, volunteers, supporters, stakeholders and the community to ensure that the interest in Basketball was retained.
The club continues to explore many opportunities of financial support to assist with costs as its revenue streams recover due to no spectators at games until September 2021. The club has maintained the use of four venues for training and games court hire to avoid being exposed to a single use venue which had been the case pre COVID lockdowns. This decision has increased costs but the Trustees felt that it limited the risk of being unable to have any activities should further lockdowns be necessary.
The Erasmus project was delayed in 2021 but plans are in place for the project to be delivered in the summer of 2022.
Interest from young players and supporters since the return to play has been very encouraging, the Trustees feel that revenues will start to recover in 2021/22.
Financial review
a. Overview
At the end of 2021 the CIO had assets of £55,973. This was made up of £37,868 cash at bank in hand and £18,105 in debtors. The CIO had creditors due within one year of £43,612, resulting in net assets of £12,361.
During the 2021 financial year the charity received total income of £148,671. This came from a number of different sources. The CIO incurred expenditure of £156,715, resulting in a net deficit for the year of £8,044.
b. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
c. Reserves policy
The CIO's funds at 30 November 2021 totalled £12,361, comprising all unrestricted funds.
Available free reserves at 31 December 2021 totalled £12,361. The trustees have reviewed the CIO's needs for reserves in line with the guidance issued by the Charity Commission and are in the process of setting an appropriate reserves policy for the CIO. The trustees are therefore comfortable with the current level of reserves.
Page 3
Derby Trailblazers Basketball Club
Trustees' report (continued) For the year ended 30 November 2021
d. Principal risks and uncertainties
Cashflow risk
The CIO's activities expose it primarily to the financial risks of changes in interest rates.
Credit risk
The CIO's principal financial assets are bank balances and cash and trade and other debtors. The CIO's credit risk is primarily attributable to its trade debtors. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The CIO has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the CIO uses a mixture of long-term bank accounts and investments.
Further details regarding liquidity risk can be found in the statement of accounting policies in the financial statements.
Structure, governance and management
a. Constitution
Derby Trailblazers Basketball Club is a registered charity, number 1186699, and is constituted under a Governing document.
b. Methods of appointment or election of Trustees
The management of the Charitable Incorporated Organisation is the responsibility of the Trustees who are elected and co-opted under the terms of the Governing document.
c. Organisational structure and decision-making policies
Details of the Charity, its trustees and advisers for the year ended 31 December 2021 can be found on page 1.
d. Policies adopted for the induction and training of Trustees
New Trustees undergo a briefing on their legal obligations under charity law, the content of the constitution, the decision making processes, and recent financial performance of the CIO. The new Trustees also meet other Trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
e. Financial risk management
The Trustees have assessed the major risks to which the Charitable Incorporated Organisation is exposed, in particular those related to the operations and finances of the Charitable Incorporated Organisation, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 4
Derby Trailblazers Basketball Club Trustees. report Icontinuedl For the year ended 30 November 2021 Plans for futura pariods Following an interrupted year as a result of the Covid-19 global pandemic, the CIO aims lo run out the nomal season across all 12 teams. Members, liability The Members of the Charitable Incorporated Organisation guarantee lo contribute an amount not exceeding £1 lo the assols of the Charitable Incorporated Organlsallon In thè event of wirKllng up. Statement of Trustees, responslbSlltles The Tru$lee8 re$pon$lble for preparing the Trustees. report and the financial slalemenls in accordance with •ppllcabla law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prgclicel. Thft law Applic.abl8 to c.harities in England & Wales reqLiire3 the Trustees lo prepare flnanGlal slalemenls for each financial whlch givè # tru8 and fair view of the slate of affairs of the Charitsble Incarpora18d Organisalion and of it5 incoming resources and application of lesources, Includlng Ils income and exp9nditure, for that period. In preparing these financial s181emenls. the Trustee8 are requirèd lo: $elecl sullable acGounling policies and then apply them consislenlly.. observe the methods and principles of the Charitie8 SORP (FRS 1021., make judgements and accounting estimates th81 are reasonable and prudent., state whelhgr applicable UK Accounting Sland8rd8 IFRS 1021 have been followed, sublecl lo any material departur88 disclosed and explained In the financlal stalemenl8,' prepare the financial slatemenls on the going concern basi$ unle$$ il 1$ Inappropriate to pr8sume that the Charitable Incorporated Organlsatlon wlll conllnue In buslne88. The Trustee8 are r&sponsible for k88ping adequalo a¢counllng records Ihol gr8 sufficlgnt lo show and explain the Charitgble Incorporated Organisation's Irangaclions and disc108e with reasonable accuracy al any lime the financial position of the Charitable Incorporated Organisatlon and enable them lo ensure that the Ilnanclal Blalemenls comply with the Charities Act 2011. the Charity IAccount5 and Reports) Regulations 2008 and the provisions of the Governing document. They arg a150 Tesponsible for safeguarding the assgls of Ihg Charilablg Incorporated Orgonisalion and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustee3 Qn 15 June 2022 and signed on their behaK by.. Mrs D Woodyatt Trustee Page S
Derby Trailblazers Basketball Club
Independent Examiner's Report For the year ended 30 November 2021
Independent Examiner's Report to the Trustees of Derby Trailblazers Basketball Club ('the Charitable Incorporated Organisation')
I report to the charity Trustees on my examination of the accounts of the Charitable Incorporated Organisation for the year ended 30 November 2021.
Responsibilities and Basis of Report
As the Trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charitable Incorporated Organisation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charitable Incorporated Organisation has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charitable Incorporated Organisation as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
Page 6
Derby Trailblazers Basketball Club Independent Examiner's Report Icontinuedl For the year ended 30 November 2021 This report is made sDlely to the Charitable IncorpDrated Organisation's TTUStees, as a body, in 2ccordan¢e with Part 4 of the Charities IAccDunts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charitable Incorporated Organisalion's Trustees those matters l am reqUId to slate to them in an Independent examiner's report and lor no other purpose. To the fullest extent permitted by law, I do not accept or assumè rèsponsibility to anyone other than the Charitable Incorporatèd Organisation and the Charitable Incorporated Organisation's Tnjslees as a body, for my work or for this report. Signed.. Dated.. 15 June 2022 Mark Gurney FCCA Darns Audit Limited Bimiingham Page 7
Derby Trailblazers Basketball Club
Statement of financial activities For the year ended 30 November 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 5,775 104,123 5,776 32,997 148,671 740 155,975 156,715 (8,044) 20,405 (8,044) 12,361 |
Total funds 2021 £ 5,775 104,123 5,776 32,997 148,671 740 155,975 156,715 (8,044) 20,405 (8,044) 12,361 |
Total funds 2020 £ 34,791 93,741 5,908 19,459 153,899 |
|---|---|---|---|
| 1,784 131,710 133,494 |
|||
| 20,405 | |||
| - 20,405 20,405 |
The notes on pages 10 to 20 form part of these financial statements.
Page 8
Derby Trailblazers Baskgtball Club Balance sheet As at 30 November 2021 2021 2020 Note Current assets D&btors Cash al bank and in hand 12 18,105 37.868 20,670 49,691 55,973 70,361 Credilor8'. amotjnts falling due within one year 13 143,6121 149,9561 Net current assets 12,361 20,405 Total not 888•t¥ 12,361 20,405 Charlty funds Unreslrict8d funds 14 12,361 20,405 Total funds 12,361 20,405 The financial 81alem8nls We approved and aulhorls¢d for I$sLte by the Tru$lee$ On 15 June 2022 and 8ign8d on Ihelr behalf by,. Mrs D Vloodyatt Trustee The notes on page$ 10 to 20 form part of these financlal statements. Page 9
Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
1. General information
Derby Trailblazers Basketball Club is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England & Wales under the number 1186699. The principal office address and registered number is given in the reference and administrative details and the principal objectives of the CIO are set out in the Trustees' Report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Derby Trailblazers Basketball Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 10
Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
2. Accounting policies (continued)
2.3 Income
All income is recognised once the Charitable Incorporated Organisation has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charitable Incorporated Organisation has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charitable Incorporated Organisation, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charitable Incorporated Organisation to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Incorporated Organisation's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
2. Accounting policies (continued)
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.6 Taxation
The Charitable Incorporated Organisation is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charitable Incorporated Organisation is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charitable Incorporated Organisation anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.10 Financial instruments
The Charitable Incorporated Organisation only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The Charitable Incorporated Organisation operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Incorporated Organisation to the fund in respect of the year.
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
2. Accounting policies (continued)
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Incorporated Organisation and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
3. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Donations and grants | 5,775 | 5,775 | 34,791 |
4. Income from charitable activities
| Academy funding Community coaching Player registrations and subscriptions Match day entrances fees Court hire |
Unrestricted funds 2021 £ 55,218 9,009 39,388 - 508 104,123 |
Total funds 2021 £ 55,218 9,009 39,388 - 508 104,123 |
Total funds 2020 £ 38,967 25,506 23,937 4,241 1,090 93,741 |
|---|---|---|---|
Page 13
Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
5. Income from other trading activities
Income from fundraising events
| Fundraising income Merchandising sales Refreshments |
Unrestricted funds 2021 £ 215 4,421 1,140 5,776 |
Total funds 2021 £ 215 4,421 1,140 5,776 |
Total funds 2020 £ 162 2,331 3,415 5,908 |
|---|---|---|---|
6. Other incoming resources
| Coronavirus Job Retention Scheme Other Covid-19 grants |
Unrestricted funds 2021 £ 7,000 25,997 32,997 |
Total funds 2021 £ 7,000 25,997 32,997 |
Total funds 2020 £ 11,265 8,194 19,459 |
|---|---|---|---|
The CIO has been eligible to claim from Government support schemes in response to the Covid-19 pandemic.
Page 14
Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Operation of Basketball Club | 155,975 | 155,975 | 131,710 |
8. Analysis of expenditure by activities
| Operation of Basketball Club Operation of Basketball Club |
Activities undertaken directly 2021 £ 153,067 Activities undertaken directly 2020 £ 127,497 |
Support costs 2021 £ 2,908 Support costs 2020 £ 4,213 |
Total funds 2021 £ 155,975 |
|---|---|---|---|
| Total funds 2020 £ 131,710 |
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Coaching costs Accommodation costs Court hire Fitness coaching Kit and equipment Match officials Players and registration costs Travel costs Team entry and registration Covid-19 related costs Analysis of support costs |
Total funds 2021 £ 30,900 23,240 9,375 34,557 7,845 877 8,983 32,339 3,007 1,843 101 153,067 |
Total funds 2020 £ 30,163 16,209 12,250 33,608 3,030 168 7,989 17,051 2,899 2,944 1,186 127,497 |
|---|---|---|
| Insurance Printing costs Administration costs Bank and credit card charges Governance costs |
Total funds 2021 £ 249 - 643 441 1,575 2,908 |
Total funds 2020 £ 248 130 2,289 46 1,500 4,213 |
|---|---|---|
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
9. Independent examiner's remuneration
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charitable Incorporated Organisation's independent | ||
| examiner for the independent examination of the annual accounts | 810 | 774 |
10. Staff costs
| Wages and salaries Pension costs |
2021 £ 30,000 900 30,900 |
2020 £ 29,263 900 |
|---|---|---|
| 30,163 |
The average number of persons employed by the Charitable Incorporated Organisation during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Professional staff | 1 | 1 |
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).
During the year ended 30 November 2021, no Trustee expenses have been incurred (2020 - £NIL).
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
12. Debtors
| Trade debtors Prepayments and accrued income Creditors: Amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income Deferred income at 1 December 2020 Resources deferred during the year |
2021 £ 500 17,605 18,105 2021 £ 475 114 43,023 43,612 2021 £ 36,019 - 36,019 |
2020 £ 5,670 15,000 |
|---|---|---|
| 20,670 | ||
| 2020 £ - 611 49,345 |
||
| 49,956 | ||
| 2020 £ - 36,019 |
||
| 36,019 |
13. Creditors: Amounts falling due within one year
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
14. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds C Wiggins Memorial fund Community Coaching fund General funds General Funds Total Unrestricted funds |
Balance at 1 December 2020 £ - - - 20,405 20,405 |
Income £ - - - 148,671 148,671 |
Expenditure £ - - - (156,715) (156,715) |
Transfers in/(out) £ 2,112 1,742 3,854 (3,854) - |
Balance at 30 November 2021 £ 2,112 1,742 3,854 |
|---|---|---|---|---|---|
| 8,507 | |||||
| 12,361 |
Purpose of designated funds
The C Wiggins memorial fund represents a ringfenced hardship fund and the Community Coaching fund represents monies set aside by the Trustees for coaching activities in the wider community.
Statement of funds - prior year
| Balance at | |||
|---|---|---|---|
| 30 | |||
| November | |||
| Income | Expenditure | 2020 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Funds | 153,899 | (133,494) | 20,405 |
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Derby Trailblazers Basketball Club
Notes to the financial statements For the year ended 30 November 2021
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Current assets 55,973 Creditors due within one year (43,612) Total 12,361 |
Total funds 2021 £ 55,973 (43,612) 12,361 |
|---|---|
Analysis of net assets between funds - prior year
| Unrestricted funds 2020 £ Current assets 70,361 Creditors due within one year (49,956) Total 20,405 |
Total funds 2020 £ 70,361 (49,956) 20,405 |
|---|---|
16. Pension commitments
The CIO operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the CIO to the fund and amounted to £900 (2020 - £900). There were no amounts outstanding to the fund at the balance sheet date.
17. Related party transactions
The Charitable Incorporated Organisation has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charitable Incorporated Organisation at 30 November 2021.
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