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2025-03-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1188834

Castle View Accounting Ltd Ground Floor Offices

53 High Street Arundel West Sussex BN18 9AJ

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

2

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 2024 END OF FINANCIAL YEAR 31st March 2025 TRUSTEES AT 31ST MARCH 2025 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

PRIMARY BANKERS

Barnet Table Tennis Centre Barnet Lane Barnet EN5 2DN Barclay Bank Plc Walthamstow 3 Leicester LE87 2BB

INDEPENDENT EXAMINERS

Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

3

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025

The report reviews the trading performance of the Club and its plans for the coming year.

THE TRUSTEES

The trustees of the charity are:

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.

Geno Esposito retired and was re-elected at the last AGM and Andrew Macalpine will now retire and offer himself for reelection at the next AGM which will be held in August 2025.

TRADING REVIEW

The club has had another excellent year with membership increasing in all age groups. The Social TT sessions remain very popular and are very well attended in all sessions. Despite the number attending we have not had to implement a player ‘cap’ at this time.

The Summer League continues to be very popular and all places were filled within a very short time and once again some late team entries had to be refused as the maximum number of teams had been exceeded. The winter league managed by Barnets and District Table Tennis League is still struggling to regain its previous levels in the Premier Division but due to a lower level of team applications overall the extra division implemented the previous year had to be scrapped.

The junior coaching sessions have now exceeded pre Covid levels and personal coaching sessions on a one to one basis are also popular. The group for individuals with Parkinson’s disease and other disabilities have continued to participate. The additional competitions, managed by one of the BTTC committee members, are again very popular.

The refurbishment of the toilets and changing areas together with the re-siting of the office and the opening up of direct access to the end court was completed in June. Feedback from all participants in the various activities has been very positive. Additionally the hallway and lounge areas were also redecorated.

Like most organisations running costs increased due to the continuing rise in utility costs, staffing and cleaning and other maintenance items.

The Club continues to be well positioned for future developments e.g. replacement of the flat roof, lighting uplift and air conditioning for the playing area.

As previously reported the CIO is a beneficiary of 25% of a property in St. Teath, Cornwall (currently held in a trust) and it is registered with the Land Registry.

4

BARNET TABLE TENNIS CLUB {BThC) TRUSTEES. REpaftT (cont1n￿dI FOR THE YEAR ENDED 31ST MARCH 2025 VI￿ ol tho slate of affaws ol the CIO and £4 th8 tw In W•Fén'r•J ttJ• Ibls< Pn"rtte4J N•xe.' k SPQV6rt lo￿

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

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
2024/25
2023/24
£
£
£
£
4,112
-
4,112
12,010
111,825
-
111,825
101,199
13,949
-
13,949
16,190
2,594
-
2,594
4,250
477
-
477
446
132,957
-
132,957
134,095
82,102
-
82,102
57,996
7,733
-
7,733
9,928
1,397
-
1,397
1,471
91,232
-
91,232
69,396
41,725
-
41,725
64,699
243,707
-
243,707
179,008
285,432
-
285,432
243,707

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

BARNET TABLE TENNIS CLUB IBThC) BALA14CE SHEEr AS AT 31ST IIARCH 2025 TOTAL TOTAL 31.MaTr25 314A*r.24 187M72 187.872 187.872 187.8n 1560 126 158261 159.917 Cash at Bwk aml ￿ Hand 97.871 97M71 99.965 1.710 NETCURREPIT ASSErs 97.560 97MO 1M177 243,707 NeT ASSETS ZBSh32 243.707 olih• Chx Gew81 FuTrJs 28S,432 243.707 T(rt•l 243,707

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 2025

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 Assets are capitalised if they can be used for more than one year and cost at least £200.00. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment 20% - Straight Line Basis Leasehold Property Improvements 10% - Straight Line Basis

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.

9

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES (continued)

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.

2. TANGIBLE FIXED ASSETS

Cost
01-Apr-24
Additions
Net Book Value at
31-Mar-25
Depreciation
01-Apr-24
Charge
Depreciation at
31-Mar-25
Net Book Value
31-Mar-25
Net Book Value
31-Mar-24		 Leasehold
Land &
Property
Fittings &
Total
Building
Improvements
Equipment
2024/25
£
£
£
£
60,000
25,530
-
85,530
-
109,140
4,434
113,574
60,000
134,670
4,434
199,104
-
-
-
-
-
10,987
245
11,232
-
10,987
245
11,232
60,000
123,683
4,189
187,872
60,000
25,530
-
85,530

The Charity has undertaken substantial improvements to the leasehold premises and facilities. The trustees have agreed to capitalise the cost of the leasehold property improvements over the expected useful life of 10 years.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2025 : 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 2024 : 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 2025

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
d) Investment Income
Interest
e) Other Incoming Resources
Sundry Income		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
2,000
-
2,000
10,250
2,112
-
2,112
1,760
4,112
-
4,112
12,010
19,121
-
19,121
16,988
14,488
-
14,488
14,128
702
-
702
549
77,514
-
77,514
69,535
111,825
-
111,825
101,199
12,195
-
12,195
13,701
1,753
-
1,753
2,489
13,949
-
13,949
16,190
2,594
-
2,594
4,250
2,594
-
2,594
4,250
477
-
477
446
477
-
477
446

11

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Bank Charges
Cleaning Costs
Depreciation Expense
Insurance Costs
Licenses & Subscriptions
Office Costs
Rent & Rates
Repairs & Maintenance
Security Costs
Staff Costs
Sundry Expenses
Telephone Costs
Utility Costs
Website Costs
b) Cost of Generating Funds
Cost of Sales
c) Governance Costs
Independent Examiners Fee
Legal & Professional Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
1,553
-
1,553
1,544
9,200
-
9,200
8,379
11,232
-
11,232
-
2,566
-
2,566
3,314
952
-
952
902
449
-
449
183
300
-
300
150
14,943
-
14,943
7,343
625
-
625
21
26,823
-
26,823
22,674
376
-
376
186
734
-
734
718
12,176
-
12,176
10,290
174
-
174
2,293
82,102
-
82,102
57,996
7,733
-
7,733
9,928
7,733
-
7,733
9,928
-
-
-
810
1,397
-
1,397
661
1,397
-
1,397
1,471

12

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

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-25
31-Mar-24
£
£
£
£
97,871
-
97,871
158,261
97,871
-
97,871
158,261

9. DEBTORS AND PREPAYMENTS

Prepayments Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
-
-
-
126
-
-
-
126

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Sundry Creditors
Independent Examiners Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
1,595
-
1,595
960
810
-
810
810
2,405
-
2,405
1,770

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 2025

12. NET ASSETS BETWEEN FUNDS

Fixed Asset Investments
Net Current Assets
Long Term Liabilities		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
31-Mar-25
31-Mar-24
£
£
£
£
187,872
-
187,872
85,530
97,560
-
97,560
158,177
-
-
-
-
285,432
-
285,432
243,707

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		 TOTAL
2024/25
£
25,077
1,035
711
26,823
TOTAL
2024/25
2		 TOTAL
2023/24
£
21,320
769
585
22,674
TOTAL
2023/24
2

The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2023/24: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 (2023/24: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 2025

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

BARNET TABLE TENNIS CLUB (BTTC)

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Barnet Table Tennis Club (BTTC) on the accounts for the year ended 31st March 2025 set out on pages 7 to 15.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

Date: 9th June 2025

16