Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
Company Registration Number - 12475256
The Charity Registration Number is :- 1191595
## **TORNADOES SPORTS EDUCATION & LEISURE**
Report and Accounts
30 June 2024
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Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Report and accounts for the year ended 30 June 2024**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||9|
|**Independent Examiner's Report**||10|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||12|
|Statement of Financial Activities - Prior Year statement||13|
|Statement of total recognised gains and losses||13|
|Movements in funds||14|
|Revaluation reserves||14|
|Revenue Funds||15|
|Fixed Asset funds||15|
|Income and Expenditure account||16|
|Summary of funds||16|
|**Balance sheet**||17|
|**Cash flow statement**||18|
|**Notes to the accounts**||19|
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
The Trustees present their Report and Accounts for the year ended 30 June 2024, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- TORNADOES SPORTS EDUCATION & LEISURE.
The charity is also known by its varios operating / trading names as follows:
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
_**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1191595.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
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Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
**The principal operating address, telephone number, email and web addresses of the charity are:-**
c/o The Home Office Pennyroyal Court, Station Road Tring, HP23 5QY Telephone Email Address enquiries@tornadoes.org.uk Web address www.tornadoes.org.uk
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
**The Trustees in office on the date the report was approved were:-**
**Stephen Bailey Stuart Parker Martin Pontoppidan**
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## **The following persons served as Trustees during the year ended 30 June 2024 :-**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
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||||
|---|---|---|
|Name|Appointed|Resigned|
|Stephen Bailey|20/02/2020|
|Stuart Parker|20/02/2020|
|Martin Pontoppidan|20/02/2020|
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## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
Tornadoes Sports Education & Leisure (TSEL / Tornadoes) was formed in 2021, in order to transition the Unincorporated Charitable Association Tring Tornadoes Junior Sports Club (TTJSC) into a legal structure appropriate for the size and scale of club and charity it has become.
The charity's Objects / Purpose is restricted specifically, only for the public benefit to help and educate children, young people and adults through activities to develop their physical, mental and spiritual capacities such that they may grow to maturity as individuals and members of society and that their conditions of life may be improved.
Tornadoes provides team sports for young people and adults across Herts, Beds & Bucks, including Football, Futsal & Netball.
Our Football section is affiliated to Hertfordshire Football Association and holds FA Development Standard / Two-Star accreditation.
Our Netball Section is affiliated to England Netball and in Tring holds the Bronze Level England Netball CAPS accreditation.
The clubs within the charity have the following objectives:
•As coaches, our fundamental objective / responsibility is to develop a life-long love of sport and encourage participation at any level, for as long as possible.
•We continue to emphasise player development ahead of a win-at-all-costs mentality, with continued encouragement for fair play, good sportsmanship as well as effort. This is encouraged at each level, from team mates to spectators for all teams including visitors.
•The club is also committed to providing education for its members, through the approved courses operated by each of the National Governing Bodies we are involved with.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
Our aims & objectives are underpinned by a core set of values, that guide all of our activities and coaching judgements & playing standards:
•Tolerance - we’re all unique and different in our own ways, whether it be in our views, opinions or abilities. We embrace the differences and take the time to understand them, using the perspectives we gain, when considering our own actions.
•Respect - we respect each other at all times. Our respect is extended to coaches, the opposition, supporters, referees and umpires. We treat others how we would like to be treated.
•Inclusiveness - we are passionate about being open and providing all children within Tring and its surrounding villages an opportunity to play sport in a fun and safe environment. All abilities are welcome. We are united in the spirit and direction of the club and its role in the local community.
•Nobility - we display fine personal qualities including integrity and resilience. Our intention is to leave a positive impression whilst being associated with the club and beyond, wherever we go. Sportsmanship and fairness are more important than winning.
•Growth - we grow and develop our players and members from both a sporting and personal perspective, enabling them to become the best that they choose to be at sport and in their contribution to the wider society.
## _**The main activities undertaken in relation to those purposes during the year.**_
For Season 2023/24 Tornadoes activities were as follows:
•Junior Football, for boys and girls in the age ranges U06 to U16, with circa 550 playing members across 30 teams, playing in the South Bucks Mini Soccer Conference, The Bedfordshire FA Girls League and The Wycombe & South Bucks Minor Football League.
•Junior Netball, in Tring, with 146 Girls playing in the age ranges Year 3 (U08) to Year 10 (U15), across 15 teams, in the Berkhamsted Netball League, The Welwyn League and The Aylesbury League.
•Junior Netball in Berkhamsted (PHOENIX), with circa 120 players in the age ranges Year 5 (U10) to Year 10 (U15), playing in the Berkhamsted Netball League.
•Operation of Berkhamsted Netball League, based at Ashlyns School, providing Development Level Netball competition in Years 5 (U10) to Year 10 (U15), with 41 teams participating from 9 clubs.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
In addition to our existing sports sections & operations, during season 2023/24 the main activities that we undertook to further the charity’s purpose were:
•launching a new Netball club in Tring called GiANTS (Girls into Adult Netball in Tring), with 40 players joining in the first season.
•Completing the takeover of the Mens Senior Football Club, Tring Corinthians FC, formally adding “Performance” based Mens Senior Football to our portfolio and formalising the player pathways for our youth football and their Senior teams. (In June 2023 Tring Corinthians voted unanimously to become part of Tornadoes)
•Completing negotiations with the landowners of the fields adjacent to Tring Corinthians to and commencing works on our “Field of Dreams” project, designed to create new training / playing space.
•continuing with our ongoing efforts to address the significant lack of available. affordable playing space, including general engagement with Tring Town, Dacorum Borough and Herts County Councils, their Officers and Councillors, especially in relation to the 2023 Dacorum Local Plan.
•Continuing our engagement with Dacorum Borough Council with further pre-application advice for Planning to advise on our revised proposals for a new Clubhouse, Changing Room Block and Artificial Football Pitch on our site at Cow Lane.
•Commencing the necessary remedial and initial improvement works to the DBC owned clubhouse and changing room facilities (Tornadoes Clubhouse) at Miswell Lane Recreations Ground, Tring HP23 4EX.
•Securing an initial Premises Licence for the Tornadoes Clubhouse and bringing the facility into full operational use from February 2024.
•Launching a new Vets (35+ years) Mens Senior Football team, with circa 30 players joining in the first season, based at Miswell Lane Recreation Ground
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## **The main achievements and performance of the charity during the year.**
In the season 2023/24, we maintained multiple sports sections with ages ranging from 3-18 years old across all current sports (Football, Girls Football, Futsal & Netball) for all the young people of Tring & the surrounding villages. In addition, we added new Adult Football & Netball sections. This meant that we:
•were able to provide junior sport for circa 800 boys and girls.
•further increased participation in girls football, adding new coaches to the section and then helping them secure the necessary FA coaching qualifications to enable us to add additional match day teams to the section.
•encouraged many players and volunteers to attend suitable training to coach Football, Netball and Futsal with many obtaining recognised qualifications. These courses include child protection/safeguarding, emergency aid, referee, linesman, umpire as well as FA and England Netball Level 1 and 2 qualifications.
•expanded Netball participation in Tring, at current full capacity, whilst continuing to seek new playing locations in order to try and meet demand. The Netball section continues to grow, with waiting lists for all age groups. We have numerous Level 1 & 2 Coaches, plus qualified umpires in the club.
•expanded The Berkhamsted Netball League to 41 teams from 9 Netball Clubs.
•Expanded PHOENIX Netball Club in Berkhamsted, with circa 120 players in years 5 (U10) to year 10 (U15), playing in the Berkhamsted Netball League.
•Completed the takeover of the Mens Senior Football Club, Tring Corinthians FC, with the effective date of Legal completion being 22nd January 2024.
•Brought The Tornadoes Clubhouse at Miswell lane into full operational use from February 2024.
•Launched Mens Vets (35+) Football, with circa 30 players joining at the outset and the team winning The John Feenstra League in their first season
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
Tornadoes ability to sustain the overall charitable operation and each of the sports sections at the levels of player participation & team numbers is the key performance measure that makes all the difference for our membership.
The health (both physical & mental) and wellbeing benefits of being active outdoors are well known and that combined with the friendships and social & community engagement arising from playing sports are what makes all the difference for our members.
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Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## _**The degree to which the achievements and performance during the year have benefited wider society.**_
Across all our Sports Sections, we continually advocate the highest standards of good conduct & behaviour, not just during participation in sport, but in all aspects of our playing members daily lives. We believe the wider local community in and around Tring & Berkhamsted see the benefits of what we do in the way that our playing members behave and conduct themselves away from their involvement with our sports activities.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
The Board may appoint any person who is able and willing to act as a new or additional Trustee and each Trustee shall, upon appointment as a Trustee, consent to become a Member of the Charity and sign and have their name entered in the Register of Members.
## _**The charity's organisational structure.**_
Within the predecessor charity TTJSC, the Governance structure was a management committee. In TSEL that has evolved to be The Charity Board of Trustees / Directors.
Beneath the Board, we have created a Leadership structure comprising all the key functional roles (Safeguarding, Finance, Secretarial, People, Membership, Communications, Commercial, Facilities & Venues, Social & Events and Systems & Technology) required to sustain and evolve our charitable sports operations.
In addition to the Governance & Leadership structure we have retained the Management Committee for TTJSC (albeit with many of those roles being filled by the TSEL Functional Leadership) and for each new sports section we add, we create an Operational Management Team with responsibility for in year sports operations.
We have an ongoing review of structure in the context of the potential addition of new sports sections in the future.
Bankers
Natwest Bank PLC, 250 Bishopsgate, London, EC2M 4AA
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## **Financial review**
## _**The charity's financial position at the end of the year ended 30 June 2024**_
The financial position of the charity at 30 June 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Restricted Revenue Funds
**Total Funds**
Unrestricted Revenue Funds available for the
general purposes of the charity
**Net income**|**2024**
**£**
17,210
65,737
81,960
147,697|**2023**
**£**
86,707
86,708
-
86,708|
|---|---|---|
## _**Financial review of the position at the reporting date, 30 June 2024 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
The aim of the Trustees is to ensure that the charities sports sections / club(s) core costs are supported by their membership fee income and sponsorship revenues. Membership Fees are set to reflect current know costs, forecasted cost increases, contribution to central overheads and the ongoing provision of Reserves.
## _**Policies on reserves.**_
Reserves are retained by the Charity primarily to fund future known expenditures and major development initiatives, as well as a contingency for unplanned or exceptional costs.
Surplus cash is invested in bank deposits to generate income to support the objectives of the charity. The charity’s financial statements are presented with this Trustees report. The results are in line with the Board of Trustees / Directors expectations.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## **Details of The Independent Examiner**
Christos Liondaris
Member of Association of Certifed Public Accountants
Coach House Bellevue Road Friern Barnet N11 3NY
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## **Statement of the Directors' and Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
Company Registration Number - 12475256
## **Trustees' Annual Report for the year ended 30 June 2024**
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 12 to 20.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 6 June 2025.
STEPHEN BAILEY Director and Trustee
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## **TORNADOES SPORTS EDUCATION & LEISURE**
**Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 30 June 2024**
I report to the Trustees on my examination of the financial statements of the charitable company on pages 12 to 20 for the year ended 30 June 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 9, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of Association of Certifed Public Accountants, which is one of the listed bodies.
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
The gross income of the charitable company in the year ended 30 June 2024 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Association of Certifed Public Accountants;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
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 financial statements to be reached.
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## **TORNADOES SPORTS EDUCATION & LEISURE**
**----- Start of picture text -----**
Signed:-
**----- End of picture text -----**
**Christos Liondaris - Independent Examiner**
**Association of Certifed Public Accountants**
**Coach House Bellevue Road Friern Barnet N11 3NY**
**This report was signed on 6 June 2025**
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## **TORNADOES SPORTS EDUCATION & LEISURE - Statement of Financial Activities for the year ended 30 June 2024**
_**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 June 2024, as required by the Companies Act 2006)**_
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
48,167
Charitable activities
A2
145,612
Other trading activities
A3
71,492
Investments
A4
-
Other
A5
-
**Total income**
**A**
**265,271**
**Expenditure on:**
Raising funds
B1
3,266
Charitable activities
B2
268,629
Other
B3
14,347
**Total expenditure**
**B**
**286,242**
**Net income for the year**
**(20,971)**
**Net income after transfers**
**A-B-C**
**(20,971)**
**(20,971)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
86,708
**Total funds carried forward**
**65,737**
**SORP**
**Ref**
**Net movement in funds**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
46,778
-
-
-
-
**46,778**
-
8,597
-
**8,597**
**38,181**
**38,181**
**38,181**
-
**38,181**|**Current year**
**Total Funds**
**2024**
**£**
**94,945**
**145,612**
**71,492**
**-**
**-**
**312,049**
**3,266**
**277,226**
**14,347**
**294,839**
**17,210**
**17,210**
**17,210**
**86,708**
**103,918**|**Prior Year**
**Total Funds**
**2023**
**£**
61,985
108,467
87,670
1
6,824
**264,947**
12,207
155,391
10,642
**178,240**
**86,707**
**86,707**
**86,707**
-
**86,707**|
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
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## **TORNADOES SPORTS EDUCATION & LEISURE - Statement of Financial Activities for the year ended 30 June 2024**
## **TORNADOES SPORTS EDUCATION & LEISURE - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP**
|**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activiti
B3
Other taxation
B3
**Total expenditure**
**B**
B4
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
**SORP**
**Ref**
Net gains on investments|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
30,542
108,467
87,670
1
6,824
233,504
12,207
113,656
10,642
-
-
**136,505**
-
96,999
-
96,999
**96,999**
-
**96,999**
|**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
31,443
-
-
-
-
-
31,443
-
41,735
-
-
-
-
**41,735**
-
(10,292)
-
(10,292)
**(10,292)**
-
**(10,292)**|**Prior Year**
**Total Funds**
**2023**
**£**
**61,985**
**108,467**
**87,670**
**1**
**6,824**
**264,947**
**12,207**
**155,391**
**10,642**
**-**
**-**
**178,240**
-
86,707
**-**
86,707
**86,707**
**-**
**86,707**|
|---|---|---|---|
## **All activities derive from continuing operations**
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
## **The notes attached on pages 19 to 20 form an integral part of these accounts.**
17
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE - Statement of Financial Activities for the year ended 30 June 2024**
## **TORNADOES SPORTS EDUCATION & LEISURE - Resources applied in the year ended 30 June 2024 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
**Net resources available to fund charitable activities**|**2024**
**£**
-
(62,058)
-
**(62,058)**|**2023**
**£**
-
-
-
**-**|
|---|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
## **The notes attached on pages 19 to 20 form an integral part of these accounts.**
18
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE - Statement of Financial Activities for the year ended 30 June 2024**
## **Movements in revenue and capital funds for the year ended 30 June 2024**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2024**
**£**
Accumulated funds brought forward
86,708
(20,971)
**65,737**
**Closing revenue funds**
**65,737**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2024**
**£**
Revenue accumulated funds
65,737
Recognised gains and losses before
transfers|**Restricted**
**Funds**
**2024**
**£**
-
38,181
**38,181**
**38,181**
**Restricted**
**Funds**
**2024**
**£**
38,181|**Total**
**Funds**
**2024**
**£**
86,708
17,210
**103,918**
**103,918**
**Total**
**Funds**
**2024**
**£**
**103,918**|**Last year**
**Total Funds**
**2023**
**£**
**-**
86,707
**86,707**
**86,707**
**Last Year**
**Total Funds**
**2023**
**£**
86,707|
|---|---|---|---|
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
19
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE - Statement of Financial Activities for the year ended 30 June 2024**
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Income and Expenditure Account for the year ended 30 June 2024 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Refunds from HMRC on gift aided donations
Interest receivable
Other operating income
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Other expenditure
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
All activities derive from continuing operations
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2024**
**£**
286,637
25,412
-
-
**312,049**
**312,049**
261,469
8,813
3,266
6,944
14,347
-
**294,839**
**17,210**
-
**17,210**
**17,210**|**2023**
**£**
237,430
20,692
1
6,824
**264,947**
**264,947**
152,657
-
12,207
2,734
21,284
-
**188,882**
**76,065**
-
**76,065**
**76,065**|
|---|---|---|
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
20
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE - Balance Sheet as at 30 June**
|||**SORP**||||||
|---|---|---|---|---|---|---|---|
||**Note**|**Ref**|||**2024**||**2023**|
||||||**£**||**£**|
|**Fixed assets**||A||||||
|Tangible assets|11|A2|||81,035||27,790|
|**Current assets**||B||||||
|Stocks||B1||17,663||5,887||
|Cash at bank and in hand||B4||43,330||67,064||
|**Total current assets**||||60,993||72,951||
|**Creditors: amounts falling due within**||||||||
|**one year**|13|C1||(38,110)||(14,034)||
|**Net current assets**|||||22,882||58,917|
|**The total net assets of the charity**|||||**103,917**||**86,707**|
|**The total net assets of the charity are**|**funded**|**by the**|**funds of the charity, as follows:-**|||||
|**Restricted funds**||||||||
|Restricted Revenue Funds|18|D2||38,181||-||
|**Unrestricted Funds**|||||38,181||-|
|Unrestricted Revenue Funds|18|D3||65,736||86,707||
|**Designated Funds**|||||65,736
-||86,707
-|
|**Total charity funds**|||||**103,917**||**86,707**|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
21
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE - Balance Sheet as at 30 June**
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
**STEPHEN BAILEY**
Trustee
Approved by the board of trustees on 6 June 2025
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
22
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Risks and future assumptions**
The charity is a public benefit entity.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
23
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **Membership subscriptions**
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Land and buildings 0 % straight line Plant and machinery 10 % straight line
A regular annual review of the likelihood of asset impairment is undertaken.
## **Stocks and work in progress**
Stock is valued at the lower of cost and net realisable value.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
24
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **Creditors 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 Foundation 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. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## **Financial instruments including cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
All financial assets and liabilities measured at fair value, the basis for determining fair value, including any assumptions made when using a valuation technique.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity 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 on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
There are no significant implications of such matters.
## **5 Net surplus before tax in the financial year**
**2024 2023 £ £**
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 8,813 -
25
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **6 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The charity had 154 Volunteers who donated over 12,000 hours of their time organising weekly coaching sessions and (for the majority of our Age Groups) matches each weekend too within our Football and Netball Sections.
In addition, across our various Leadership & Management Committees, an estimated average of 1,500 additional hours is contributed by Functional and Sports Section management, planning, organising & evaluating the various sports operations and the associated Coach & Player Development programmes.
Over and above the Volunteer contributions to Sports Operations an estimated average of a further 1,500 hours is contributed across: Membership Administration; Communications, Identity & Digital Presence; Systems & Technology; Financial Administration; Secretarial; end-of-season events & tournament attendances; various fundraising / grant funding initiatives & applications and most importantly Safeguarding & Child Welfare.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **7 Defined contribution pension schemes**
The charity did not operate a defined contribution pension scheme during the year.
Any liabilites and assets associated with the scheme are shown under debtors and creditors.
## **8 Defined benefit pension scheme**
The charity did not operate a defined benefit pension scheme during the year.
Any liabilites and assets associated with the scheme are shown under debtors and creditors.
## **9 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **10 Deferred income - Unrestricted and Designated funds**
|**_Current Year_**
Sundry items under £1000
**Total**
**These deferrals are included in creditors**|**Opening**
**Deferrals**
**£**
6,061
6,061|**Released**
**from prior**
**years**
**£**
(6,061)
(6,061)|**Received**
**less released**
**in year**
**£**
890
890
**2024**
**£**
890|**Deferred**
**at year end**
**£**
890
890
**2023**
**£**
6,061|
|---|---|---|---|---|
26
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
|**_Prior Year_**
Sundry items under £1000
**Total**
**These deferrals are included in creditors**
**11 Tangible fixed assets**
**_Current Year_**
**Cost**
At 1 July 2023
Additions
**At 30 June 2024**
**Depreciation**
Charge for the year
**At 30 June 2024**
**Net book value**
**At 30 June 2024**
**At 30 June 2023**
**_Prior Year_**
**Cost**
Additions
**01 July 2023**
**Depreciation**
**Net book value**
**01 July 2023**|**Opening**
**Deferrals**
**£**
-
-
**Land and**
**Buildings**
£
27,790
5,968
**33,758**
-
**-**
**33,758**
**27,790**
**Land and**
**Buildings**
£
27,790
**27,790**
**27,790**|**Released**
**from prior**
**years**
**£**
-
-
**Plant &**
**Machinery**
£
-
56,090
**56,090**
8,813
**8,813**
**47,277**
**-**
**Plant &**
**Machinery**
£
-
**-**
**-**|**Received**
**less released**
**in year**
**£**
6,061
6,061
**2023**
**£**
6,061
**Motor**
**Vehicles**
£
-
-
**-**
-
**-**
**-**
**-**
**Motor**
**Vehicles**
£
-
**-**
**-**|**Deferred**
**at year end**
**£**
6,061
6,061
**2022**
**£**
-
**Total**
£
27,790
62,058
**89,848**
8,813
**8,813**
**81,035**
**27,790**
**Total**
£
27,790
**27,790**
**27,790**|
|---|---|---|---|---|
27
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
|**12 Stocks & Work in Progress**
Stocks before write downs
**_Analysis of the carrying value of stocks and work in progress by activities_**
**2024**
**2023**
**£**
**£**
**_Activity_**
Kit and merchandise
-
-
-
-
**13 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
**14 Revaluation reserve**
**Current year**
**Current year**
**_Current year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
**2024**
**£**
**£**
**At 1 July 2023**
-
-
Transfers in the year
43,779
-
**At 30 June 2024**
**43,779**
**-**
**15 Income and Expenditure account summary**
**At 1 July 2023**
Surplus after tax for the year
**At 30 June 2024**
**_Work in Progress_**|**2024**
**2023**
**£**
**£**
17,663
5,887
17,663
5,887
**2024**
**2023**
**£**
**£**
17,663
5,887
17,663
5,887
**2024**
**2023**
**£**
**£**
12,552
5,573
24,668
2,400
890
6,061
**38,110**
**14,034**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**-**
**-**
**43,779**
**-**
**43,779**
**-**
**2024**
**2023**
**£**
**£**
76,065
-
17,210
76,065
**93,275**
**76,065**
**_Stocks_**|
|---|---|
28
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **16 Related party transactions**
During the financial year, in light of the substantial time, effort and professional competence required to plan, coordinate, negotiate and secure agreements for the takeover of Tring Corinthains and the Lease for Miswell Lane, the Trustees/Directors approved two payments to Stephen Bailey in relation to the following activities:
1.0 Functional Activities: Brand, Communications & Digital Presence; Systems & Technology; Miswell Lane Clubhouse Premises & Operations; Commercial; Membership Administration and Football Section Secretarial Activities (£12,000)
2.0 Major Initiatives Coordination: Icknield Way “Field of Dreams”; Miswell Lane remedial works & operational service capability initiation; establishment of new Netball (GiANTS) and Football (Vets) sports sections; Cow Lane “Temporary” Floodlights; Implementation of TSEL overall brand identity & digital presence; Cow Lane AGP & Clubhouse Application coordination and completion of sits-wide conversion to Aluminium Goals (£10,000)
Also during the financial year, The Tornadoes Webshop Operations were out-tasked to Alexander Lewis Bailey, a connected person of Trustee Stephen Bailey and payments totalling £1,469.93 were made.
## **17 Particulars of how particular funds are represented by assets and liabilities**
|**At 30 June 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 July 2023**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
81,035
(20,967)
(38,110)
**21,958**
**Unrestricted**
**funds**
**£**
27,790
72,951
(14,034)
**86,707**|**Designated**
**funds**
**£**
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
-
81,960
-
**81,960**
**Restricted**
**funds**
**£**
-
-
-
**-**|**Total**
**Funds**
**£**
**81,035**
**60,993**
**(38,110)**
**103,918**
**Total**
**Funds**
**£**
**27,790**
**72,951**
**(14,034)**
**86,707**|
|---|---|---|---|---|
29
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **18 Change in total funds over the year as shown in Note 17 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
Restricted fund
**Total restricted funds**
**Total charity funds**|**Funds**
**brought**
**forward from**
**2023**
**£**
86,708
**86,708**
-
**-**
**86,708**|**Movement in**
**funds in 2024**
**See Note 19**
**£**
(20,971)
**(20,971)**
38,181
**38,181**
**17,210**|**See Note 20**
**£**
**-**
**-**
-
**-**
**-**
**Transfers**
**between**
**funds in 2024**|**Funds carried**
**forward to**
**2025**
**£**
**65,737**
**65,737**
**38,181**
**38,181**
**103,918**|
|---|---|---|---|---|
## **19 Analysis of movements in funds over the year as shown in Note 18**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**
Restricted fund|**Income**
**2024**
**£**
265,271
46,778
**312,049**|**Expenditure**
**2024**
**£**
(286,242)
(8,597)
**(294,839)**|**Other**
**Gains &**
**Losses**
**2024**
**£**
-
-
**-**|**Movement**
**in funds**
**2024**
**£**
**(20,971)**
**38,181**
**17,210**|
|---|---|---|---|---|
## **20 Details of transfers between funds**
|**Net transfers**
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital
grants and fixed asset funds'.
Transfers to/( from) Unrestricted Funds to cover deficits on Restricted Funds or when funds are lawfully
reallocated
**_The transfers shown in note 18 above are:-_**|**2024**
**£**
(43,779)
43,779
**-**|
|---|---|
30
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
## **Notes to the Accounts for the year ended 30 June 2024**
## **21 The purposes for which the funds**
_**Unrestricted and designated funds:-**_
These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
_**Restricted funds:-**_
The purpose of these funds is described under the accounting policy Restricted Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'.
## **22 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
31
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **23 Donations, Grants and Legacies**
|**Donations and gifts from individuals**
Small grants individually less than £1000
Refunds from HMRC on gift aided donations
**Total public sector revenue grants**
The Football Foundation
Dacorum Borough Council
**Total donations and gifts from**
**individuals**
**Revenue grants from government**
**and public bodies**
The Hertfordshire Football Association
L d
Mr D Evans|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
25,412
-
**25,412**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
-
-
-
**-**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**
**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
38,778
7,500
500
**46,778**|**Current year**
**Total Funds**
**2024**
**£**
**25,412**
**-**
**25,412**
**Current year**
**Total Funds**
**2024**
**£**
**-**
**38,778**
**7,500**
**500**
**46,778**|**Prior Year**
**Total Funds**
**2023**
**£**
20,692
7,350
**28,042**
**Prior Year**
**Total Funds**
**2023**
**£**
1,000
31,443
-
-
**32,443**|
|---|---|---|---|---|
All the grants in the prior year were unrestricted.
## **Revenue grants from government and public bodies - Prior Year analysis**
|**Prior Year**|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
1,000|**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
31,443|**Prior Year**
**Total Funds**
**2023**
**£**
**32,443**|
|---|---|---|---|
32
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
|Small grants individually less than £1000
**Total private sector revenue grants**
**Revenue grants and donations from**
**non public bodies**
Tring Corinthians Football Club|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
22,755
**22,755**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**-**
**22,755**
**22,755**|**Prior Year**
**Total Funds**
**2023**
**£**
1,500
-
**1,500**|
|---|---|---|---|---|
**Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis**
**----- Start of picture text -----**
Prior Year Prior Year Prior Year
Unrestricted Restricted
Total Funds
Funds Funds
2023 2023 2023
£ £ £
Total Donations, Grants and Legacies
Total Donations, Grants and
A1 48,167 46,778 94,945 61,985
**----- End of picture text -----**
|**Legacies**
All the donations and gifts in the prior year were unrestricted.
**_Prior year_**
**Unrestricted**
**Funds**
**2023**
**£**
**Total Donations, Grants and**
**Legacies**
**A1**
**30,542**
**24 Income from charitable activities - Trading Activities**
**_Current year_**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Primary purpose and ancillary trading**
24,412
121,200
**145,612**
Membership fees
**Total Primary purpose and ancillary**
**trading**
Kit income|**Restricted**
**Funds**
**2023**
**£**
**31,443**
**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**|**Prior Year**
**Total Funds**
**2023**
**£**
**61,985**
**Current year**
**Total Funds**
**2024**
**£**
**24,412**
**121,200**
**145,612**|**Prior Year**
**Total funds**
**2023**
**£**
16,606
91,861
**108,467**|
|---|---|---|---|
33
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
## **25 Total Income from charitable activities**
**----- Start of picture text -----**
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds
Total Funds
Current year Funds Funds
2024 2024 2024 2023
£ £ £ £
Total income from charitable trading 145,612 - 145,612 108,467
Total from charitable activities A2 145,612 - 145,612 108,467
26 Income from other, non charitable, trading activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Income from fundraising events 2,599 - 2,599 1,658
Non-charitable trading activities 68,893 - 68,893 86,012
Total from other activities A3 71,492 - 71,492 87,670
27 Investment income
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Bank Interest Receivable - - - 1
Total investment income A4 - - - 1
28 Other income and gains
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Current year Funds Funds
2024 2024 2024 2023
£ £ £ £
Sundry other income - - - 6,824
Total other income A5 - - - 6,824
**----- End of picture text -----**
34
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
## **29 Expenditure on charitable activities - Direct spending**
|**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**2024**
**£**
Training & Match Equip, Refs, Tournaments, Leagu
83,943
Pitch Hire, Grounds Maintenance & Development
74,617
30,451
**Total direct spending**
**B2a**
**189,011**
Kit costs|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**83,943**
**74,617**
**30,451**
**189,011**|**Prior Year**
**Total Funds**
**2023**
**£**
**37,428**
**45,558**
**18,164**
**101,150**|
|---|---|---|---|
## **30 Expenditure on charitable activities - Charitable trading**
|**_Current Year_**
Reallocated from support costs
**Total charitable trading costs**
**B2b**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**72,674**
**72,674**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
**-**
**-**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**72,674**
9,772
**72,674**
**9,772**|
|---|---|---|---|
## **31 Expenditure on charitable activities- Grant funding of activities**
|**_Current Year_**
**Total grantmaking costs**
**B2c**
**_Prior Year_**
**Total grantmaking costs**
**B2c**
Grant expenditure
Grant expenditure|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
**-**
**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
-
**-**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
8,597
**8,597**
**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
41,735
**41,735**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**8,597**
**41,735**
**8,597**
**41,735**
**Prior Year**
**Total Funds**
**2023**
**£**
**41,735**
**41,735**|
|---|---|---|---|
35
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
## **32 Support costs for charitable activities**
|**32**
**Support costs for charitable activi**|**ties**|**ties**||||
|---|---|---|---|---|---|
||**Current year**||**Current year**|**Current year**|**Prior Year**|
||**Unrestricted**||**Restricted**|**Total Funds**|**Total Funds**|
|**_Current Year_**||**Funds**|**Funds**|||
|||**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
|**_Premises Expenses_**||||||
|Other Premises Costs||38,285|-|**38,285**|**5,985**|
|**_Administrative overheads_**||||||
|Advertising and marketing||1,821|-|**1,821**|**1,436**|
|Sundry expenses||34,389|-|**34,389**|**3,787**|
|**_Professional fees paid to the Auditor or Independent Examiner in addition_**||||**_to audit and_**||
|**_examination fees_**||||||
|As detailed in Note 33||_2,400_|_-_|**2,400**|**2,400**|
|**_Professional fees paid to advisors other than the auditor or examiner_**||||||
|Other legal and professional||-|-|**-**|**12,000**|
|**_Financial costs_**||||||
|Bank charges||3,134|-|**3,134**|**2,811**|
|Depreciation & Amortisation in total||8,813|-|**8,813**|**-**|
|**Support costs before reallocation**||**88,842**|**-**|**88,842**|**28,419**|
|**_Less support costs reallocated to_**|**_specific activities_**|||||
|To charitable trading costs||(72,674)|-|**(72,674)**|**(9,772)**|
|To costs of raising funds||(1,821)|-|**(1,821)**|**(8,005)**|
|To non charitable costs||(14,347)|-|(14,347)|**(10,642)**|
|The basis of allocation of costs between|activities is described under accounting policies||||**(8,005)**|
||||||**(10,642)**|
|**_Administrative overheads_**||||||
|**_Professional fees paid to the Auditor or Independent Examiner in addition to_**|||**_audit and examination fees_**|||
|The basis of allocation of costs between|activities is described under accounting policies|||||
36
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
## **33 Other Expenditure - Governance costs**
|**_Current Year_**
Other governance costs
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
6,944
**6,944**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**6,944**
**6,944**|**Prior Year**
**Total Funds**
**2023**
**£**
**2,734**
**2,734**|
|---|---|---|---|---|
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|Assurance -Non audit or examination
Tax advisory fees
**Total additional fees included in**
**support costs at Note 32**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
2,160
240
**2,400**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**2,160**
**240**
**2,400**|**Prior Year**
**Total Funds**
**2023**
**£**
**2,160**
**240**
**2,400**|
|---|---|---|---|---|
All the expenditure in the prior year was unrestricted. All the expenditure in the prior year was unrestricted.
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|**Total additional fees included in**
**support costs at Note 32**|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
**2,400**|**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
**-**|**Prior Year**
**Total Funds**
**2023**
**£**
**2,400**|
|---|---|---|---|
37
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
**34 Total Charitable expenditure**
|**_Current Year_**
Total direct spending
**B2a**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**
**_Prior Year_**
Total direct spending
**B2a**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
189,011
72,674
-
6,944
**268,629**
**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
101,150
9,772
-
2,734
**113,656**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
8,597
-
**8,597**
**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
-
-
41,735
-
**41,735**|**Current year**
**Total Funds**
**2024**
**£**
**189,011**
**72,674**
**8,597**
**6,944**
**277,226**
**Prior Year**
**Total Funds**
**2023**
**£**
**101,150**
**9,772**
**41,735**
**2,734**
**155,391**|**Prior Year**
**Total Funds**
**2023**
**£**
**101,150**
**9,772**
**41,735**
**2,734**
**155,391**|
|---|---|---|---|---|
## **35 Expenditure on raising funds and costs of investment management**
|**_Current Year_**
Cost of fundraising activities
Reallocated from support costs
**Total fundraising costs**
**B1**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
1,445
1,821
**3,266**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**1,445**
**4,202**
**1,821**
**8,005**
**3,266**
**12,207**|
|---|---|---|---|
All the expenditure in the prior year was unrestricted.
38
Docusign Envelope ID: 4630BC7B-6D93-46B7-8F9D-B2C46C89AD2D
## **TORNADOES SPORTS EDUCATION & LEISURE**
**Detailed analysis of income and expenditure for the year ended 30 June 2024 as required by the SORP 2015**
## **36 Other trading expenditure unrelated to fundraising or charitable activities**
|Reallocated from support costs
**Non charity expenditure**
**B3b**
**Other trading expenditure unrelated to fundraising o**
**37 Total of other expenditure**
**_Current Year_**
Non charity expenditure
**Total other expenditure**
**B3**
All the expenditure in the prior year was unrestricted.
**_Prior Year_**
Non charity expenditure
**Total other expenditure**
**B3**|**Current year**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
14,347
-
**14,347**
**14,347**
**-**
**14,347**
**r charitable activities - Prior Year analysis**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Current year**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
14,347
-
**14,347**
**14,347**
**-**
**14,347**
**Prior Year**
**Prior Year**
**Prior Year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
10,642
-
**10,642**
**10,642**
**-**
**10,642**|**Prior Year**
**Total Funds**
**2023**
**£**
10,642
**10,642**
**Prior Year**
**Total Funds**
**2023**
**£**
**10,642**
**10,642**|
|---|---|---|
39