**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);
- 1) providing facilities to participate in the sport of basketball;
- 2) provide experience in the roles of player, referee official and coach for the above sport;
- 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:
- the education of young people
- advancing amateur sport
- 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:
1. accounting records were not kept in respect of the Charitable Incorporated Organisation as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. 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.
Page 11
**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.
Page 12
**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|
Page 15
**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|
|---|---|---|
Page 16
**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).
Page 17
**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**
Page 18
**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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