# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **CHARITY REGISTRATION No: 1188834**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 5|Trustees' Report|
|Page 6|Statement of Financial Activities|
|Page 7|Balance Sheet|
|Pages 8 to 15|Notes to the Financial Statements|
|Page 16|Independent Examiner's Report|
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
**CHARITY NUMBER** 1188834 **DATE OF REGISTRATION** 31st March 2020 **START OF FINANCIAL YEAR** 1st April 2022 **END OF FINANCIAL YEAR** 31st March 2023 **TRUSTEES AT 31ST MARCH 2023** Edward Shirman Andrew Macalpine Geno Esposito Keith Spaughton **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Association Registered 31st March 2020.
## **OBJECTS**
The promotion of Community participation in healthy recreation by providing facilities and coaching for playing Table Tennis in Barnet.
## **CORRESPONDENCE ADDRESS**
Barnet Table Tennis Centre Barnet Lane Barnet EN5 2DN
**PRIMARY BANKERS** Barclay Bank Plc Walthamstow 3 Leicester LE87 2BB
## **INDEPENDENT EXAMINERS**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2023**
The report reviews the trading performance of the Club and its plans for the coming year.
## **THE TRUSTEES**
The trustees of the charity are:
- Keith Spaughton, Chair
- Ed Shirman, Vice Chair
- Geno Esposito
- Andrew Macalpine
Under Rule 13.2 of the Constitution at every subsequent annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from office. If the number of charity trustees is not three or a multiple of three, then the number nearest to one-third shall retire from office.
Keith Spaughton retired and was re-elected at the last AGM. Ed Shirman will now retire and offer himself for re-election at the next AGM which will be held sometime in July/August.
## **TRADING REVIEW**
Overall the club has been gradually returning to its previous levels with membership increasing especially in the junior area, which is encouraging. The Social TT sessions have become very popular and a limit on the number of attendees may have to be implemented.
Once again there was a successful Summer League, followed by participation in a winter league managed by Barnets and District Table Tennis League. The League is still struggling to regain its previous levels but it is hoped that the increased interest in the Summer League will lead to more teams taking part.
However it is pleasing to note that the junior coaching sessions have recovered well and a group for individuals with Parkinson’s disease continue to participate. It is hoped that, in the future, other disability groups will want to use the facilities.
All necessary maintenance works have been carried out but no major works were undertaken as all efforts are to raise the required funds in order to refurbish the toilet/changing facilities and office which will include improved access to the end courts and allow more hiring flexibility.
Membership and hall utilisation has improved and the income for the year of nearly £105,781 was remarkable. Consequently a surplus for the year of £50,482 is reported, with cash held at the year end at £13,428, and net assets increased to £179,008. In order to maximise our usage of the current cash reserves we have been able to open two business savings accounts with Building Societies which will accrue some interest and have capped our investment in one of them to £85,000. The total currently invested is £105,000.
The Club therefore stands well positioned for future developments for the benefit of members and the sport in the local area although any such developments have had to be deferred due to the current high prices of building materials. It is hoped that the toilet refurbishment etc. can take place during the new financial year, but currently additional funds are required.
As previously reported the CIO is a beneficiary of 25% of a property in St. Teath, Cornwall (currently held in a trust) and has registered this with the Land Registry.
4
AlEr TABLE TENNIS CLU8 IBTTCI
FOR THE YEAR ENDED 31ST MARCH 2023
K. SPA io
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
Investment Income
**3d**
Other Incoming Resources
**3e**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Cost of Generating Funds
**4b**
Governance Costs
**4c**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
2,034
-
2,034
1,691
89,715
-
89,715
73,980
13,669
-
13,669
11,491
-
-
-
-
403
-
403
8,761
**105,821**
**-**
**105,821**
**95,922**
46,699
-
46,699
47,286
7,394
-
7,394
6,667
1,246
-
1,246
1,092
**55,339**
**-**
**55,339**
**55,045**
**50,482**
**-**
**50,482**
**40,877**
128,526
-
128,526
87,649
**179,008**
**-**
**179,008**
**128,526**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 15 form part of these financial statements.
6
OARIIET TABLE TENIIIS CLUB IBTTG)
ASAT 31ST MAACH21)23
Ta**1
.¥w-23
J141v.22
Ax•OA•••ts
eurT•prt ts•
a112
1507
857
89,412
C1th*tW1HW
11&428
118.428
1&526
111.330
17•N
T+*4 Fw
118,$11
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services have been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Asset costs are charged as revenue expenditure in the Statement of Financial Activity in the period purchased and therefore no deprecation is charged on acquisitions of Fixtures, Fittings and Equipment.
## _**Amortisation**_
No amortisation is charged to freehold Land and Buildings as the Land and Buildings is maintained to such a standard that the estimated residual value is not less than cost.
## _**Land & Buildings**_
Land and Buildings have been valued and included within the accounts at cost value as at the 20th April 2020 in accordance with FRS 102 - Previous revaluation as deemed cost.
## _**Valuation of Land and Building**_
During the financial period ended 31st March 2021 the Trustees of Barnet Table Tennis Club (BTTC) sought guidance and advice regarding the current market value of the 25% Share in the Land and Buildings held by the Charity at 25 Trehannick Close, St Teath, Bodmin, PL30 3LF. The Land & Buildings have been assigned to the Charity by Deed of Assignment Dated 20th April 2020. The Land and Buildings have been included in the accounts at market value as at the 20th April 2020 and are included in the accounts in accordance with FRS102 Previous Valuation Deemed Cost.
9
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Apr-22
Additions
Net Book Value at
31-Mar-23
Depreciation
01-Apr-22
Charge
Depreciation at
31-Mar-23
Net Book Value
31-Mar-23
Net Book Value
31-Mar-22|Land &
Fittings &
**Total**
Building
Equipment
**2022/23**
£
£
£
60,000
-
60,000
-
-
-
60,000
-
60,000
-
-
-
-
-
-
-
-
-
**60,000**
**-**
**60,000**
**60,000**
**-**
**60,000**|
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: **31st March 2023** : Annual operating lease obligations of £16,500 payable to Barnet Council who following a Community Benefit Assessment granted the Club 5 years rent free from 12 April 2019 when the current lease began, such that rent expense in both years is zero.
**31st March 2022** : Annual operating lease obligations of £16,500 payable to Barnet Council who following a Community Benefit Assessment granted the Club 5 years rent free from 12 April 2019 when the current lease began, such that rent expense in both years is zero.
10
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations
Gift Aid Tax
**b) Charitable Activities**
Coaching Fees
Membership Fees
Summer League
Table Hire
**c) Activities for Generating Funds**
Bar Sales
Equipment Sales|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
150
-
150
-
1,884
-
1,884
1,691
**2,034**
**-**
**2,034**
**1,691**
15,649
-
15,649
12,341
12,430
-
12,430
11,402
654
-
654
644
60,983
-
60,983
49,592
**89,715**
**-**
**89,715**
**73,980**
11,910
-
11,910
9,391
1,759
-
1,759
2,100
**13,669**
**-**
**13,669**
**11,491**|
|---|---|
## **d) Investment Income**
|Interest
**e) Other Incoming Resources**
Sundry Income|-
-
-
-
**-**
**-**
**-**
**-**
403
-
403
8,761
**403**
**-**
**403**
**8,761**|
|---|---|
11
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **4. RESOURCES EXPENDED**
|**a) Cost of Charitable Activities**
Bank Charges
Cleaning Costs
Insurance Costs
Licenses & Subscriptions
Office Costs
Repairs & Maintenance
Security Costs
Staff Costs
Sundry Expenses
Telephone Costs
Trophy Costs
Utility Costs
**b) Cost of Generating Funds**
Cost of Sales
`
**c) Governance Costs**
Independent Examiners Fee
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
1,389
-
1,389
1,468
7,589
-
7,589
6,825
3,001
-
3,001
2,511
849
-
849
728
385
-
385
128
2,917
-
2,917
7,441
453
-
453
453
21,840
-
21,840
18,028
110
-
110
261
446
-
446
864
-
-
-
-
7,720
-
7,720
8,579
**46,699**
**-**
**46,699**
**47,286**
7,394
-
7,394
6,667
**7,394**
**-**
**7,394**
**6,667**
675
-
675
575
571
-
571
517
**1,246**
**-**
**1,246**
**1,092**|
|---|---|
12
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **5. RESTRICTED FUNDS**
The CIO held no restricted funds during this or the previous financial year.
## **6. INVESTMENTS**
The CIO held no fixed assets investments during this or the previous financial year.
## **7. STOCK**
Stock consists of items purchased in order to generate profit to further the Charity's objects. Stock is valued at the lower of costs or net realisable value.
## **8. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
118,428
-
118,428
69,412
**118,428**
**-**
**118,428**
**69,412**|
|---|---|
## **9. DEBTORS AND PREPAYMENTS**
|Prepayments|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
-
-
-
857
**-**
**-**
**-**
**857**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Sundry Creditors
Independent Examiners Fees|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
857
-
857
2,755
675
-
675
575
**1,532**
**-**
**1,532**
**3,330**|
|---|---|
## **11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this or the previous financial year.
13
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **12. NET ASSETS BETWEEN FUNDS**
|Unrestricted
Funds
£
Fixed Asset Investments
60,000
Net Current Assets
119,008
Long Term Liabilities
-
**179,008**
**13. STAFF COSTS AND NUMBERS**
Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities|Restricted
**Total**
Funds
**31-Mar-23**
£
£
-
60,000
-
119,008
-
-
**-**
**179,008**
**TOTAL**
**2022/23**
£
21,840
-
-
**21,840**
**TOTAL**
**2022/23**
2|**Total**
**31-Mar-22**
£
60,000
68,526
-
**128,526**
**TOTAL**
**2021/22**
£
18,028
-
-
**18,028**
**TOTAL**
**2021/22**
2|
|---|---|---|
The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2021/22:None).
## **14. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them (2021/22:None).
## **15. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **16. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
14
## **BARNET TABLE TENNIS CLUB (BTTC)**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **17. PUBLIC BENEFIT**
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake
15
BARNEf TABLE TENNIS CLUB {BTTC)
(Charrtable IncortKxaled Organisationl
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Rept ¢0 th8 trustEfi¥l trwLw of Bamet Tth Tenni% Club18TtGI on the lUnts for the year ended 31st March 2022
6èt out on page6 7 10 15.
R9$p¥¢t1 r•¥pnnblllt1 of InMie•s*nd ex•mlner
The charitys trustees ars r&*NJrLEihlp. fnr thp prÉ*paration of th• *eounts. Tho chaAty'B tru6tooG conGidor that on oudit 18 not
requiied IL¥ IIIi¥ yvill UtKler 144 ollhe Charnies Aci 2011 Ilhe Lharrt Act) and that An inits.twnclp.nt P.YAminatinn la
n¢oded.
li i¥ Iiiy r¥bPK)n51blllty to..
cxomine the a¢¢ountJ under seGtlty1 14J ol Clwilth" *L'L
frjllnw thA prlurts laid do1 in th9 gwwgl given by th¢ Charity Comrnl¥¥lon lunder JeGUon
14515IIDI Ofthe ACL and
atate bth¢ther poriubkni matlwa ha¥fr iiiy allytiwri
Bo*lx of Ind•ynd•nt •xthmln•V• •l•t•m•nt
My examinatn was rrIed o(rt in a¢dance *?th 08n8ral Dirgd*)ns glvért by th• Charity CCmi10n. *.) •xaminatn
llldude3 a revitrw ol Ili¥ rwd5 Dy tne chanty and a ¢Lxnpartson ot the accounls Df88•nl4d wilh IhnsA
roeords. tt al$0 incltsd06 nOratIOn of nny vnuauel items or dixlo8ures in tho accounts. bevkiriy ¥¥pldfidliuiis from
thè Irusl89s conceming any sw.h Th8 prc¢odurès undgrtak•n do not provido all th8 Owdon thol w¢ukl be
requiwtKJ iii illi ¥udil. and consqquenity no oplnlon al to thher tho accounts pret a and fAIrf vièw and tho
repori 1$ limTrtod to thooo rnott*)r8 aet out in tho ¥tat)ent beh)w.
Ind•p*nd•nt •x•mln•r'* sl•1¥111¥411
In COn¢tiOn vthh my èxaminalk)n. no moltar has In my altoniion..
9ives mo roason41I¥ ul$¥ tu thai In any Merf81 resFttt, the r1quwwf5.
to k••p a¢covnling ordS in 0rdSnce %wth se¢tk)n 130 ofth• Charities Act. and
lo prepare accounts which accord th thg rd9 and comF4y with •¢countirvJ roquir•m8nts
ol Ihtr CliÉiilli¥6 ALI
havè nol bg8n met: or
to which, in my opinion. attonlion slwkj bo ¢*8*n kn trd¢r lo enabbè a dersAdIng crf th8 ac(¥Juiii& tu b
reach&J.
K. Collaku MAAT
Ca6tl8 Viow AcL¥)unting Ltd
New Barn
mU[[Y Lane
806ham
Chichester
West Su55ex
P018 8TS
Dale." lJ¢h June 2023
16