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2022-01-31-accounts

Trustees’ Annual Report for the period

From 01/02/2021 Period start date To 31/01/2022 Period end date

Charity name: Friends Of Velocity

Charity registration number: 1188321

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The promotion of community participation
in healthy recreation for the public benefit,
in particular by the provision of grants,
facilities, and assistance for the sport of
gymnastics and trampolining.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Due to the pandemic no further fundraising
activities have occurred, therefore the
charity currently has no funding to be
distributed.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Yes

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Due to worldwide events outwith our
control we have not raised any further
funding to progress our work.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Have currently given by grant the whole of
funds raised and thus far have raised
nothing further we are holding no funds.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 N/A
Amount of reserves held Para 1.22 Zero
Reasons for holding zero
reserves		 Para 1.22 We are a new charity
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 The only concern is the result of the
pandemic and it’s lasting after affects.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Charity Commission Foundation
Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 (a)
Apart from the first charity trustees,
every appointed trustee must be appointed
for a term of three years by resolution
passed at a properly convened meeting of
the charity trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Friends of Velocity
Other name the charity uses
Registered charity number 1188321
Charity’s principal address Marsh House Sports & Community Centre
Marsh House Avenue
Billingham
TS23 3HB

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
David Norman
Natalie Collins
Robert Reid
Clare Jackson
Clare Nattrass

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)[D.Norman ] Full name(s) David Norman Position (eg Secretary, Chair Chair, etc) Date 05/03/2023

Charity Name No (if any) Friends of Velocity 1188321 Receipts and payments accounts For the period Period start date Period end date To from 01/02/2021 31/01/2022

Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total(Gross income for AR) - - - -
A2 Asset and investment sales,
(see table).
-
-
Sub total -
Total receipts
A3 Payments
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
**Sub total ** - - - -
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- -
- -
- -
- -

CCXX R1 accounts (SS)

06/03/2023

1

Section B Statement of assets and liabilities at the end of the period

Categories
B2 Other monetary assets
B1 Cash funds		 Details
Total cash funds
(agree balances with receipts and payments account(s))
Details		 Unrestricted
funds
to nearest £
-
-
-
-
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-		 Restricted funds
to nearest £
-
-
-
-
OK
Restricted funds
to nearest £
- -
- -
- -
- -
- -
- -
B5 Liabilities
B3 Investment assets
B4 Assets retained for the
charity’s own use		 Details
Details
Details		 Fund to which asset
belongs
Fund to which asset
belongs
Fund to which
liability relates		 Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature

Print Name

D.Norman

David Norman

CCXX R2 accounts (SS)

06/03/2023

2

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CC16a
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Last year

to the nearest £

3,548 - - - - - - - 3,548

3,548

3,548 - - - - - - - - 3,548

3,548 - - - -

CCXX R3 accounts (SS)

06/03/2023

3

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Endowment
funds
to nearest £
----- End of picture text -----

OK Endowment funds to nearest £

-

Current value (optional) - - - - -

Current value (optional) - - - - - - - - -

When due (optional)

Date of approval

27/02/2023

CCXX R4 accounts (SS)

06/03/2023

4