# **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: - 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. 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 tt*J*• 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: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **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: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. 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