COMPANY REGISTRATION NUMBER: CE024320 CHARITY REGISTRATION NUMBER: 1192726
United Kingdom Wheelchair Basketball Company Limited by Guarantee Unaudited Financial Statements
31 March 2022
GORDON CONSULTANCY LIMITED
Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 13 |
| Notes to the detailed statement of financial activities | 14 |
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name United Kingdom Wheelchair Basketball
Charity registration number 1192726 Company registration number CE024320 Principal office and registered 19 Walden Grove office Stanwix Carlisle Cumbria CA3 9JT
The trustees
L Fawcett D Readle R McBride G Wilson G Lambert Independent examiner Mr R W Gordon, FCA Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Structure, governance and management
The charity was registered on the 9 December 2020 as a CIO.
Objectives and activities
The charity main charitable objectives are the promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of wheelchair basketball.
Achievements and performance
UKWB has had a very hectic year with the number of grassroots teams playing for the first time,in competitions which boads well for the sport going forward, our Wham hub was well supported with clubs they have 4 rounds of competition's and 2 divisions,the northern hub was the same, we intended going forward to transfer the norther hub to Middlesbrough from Penrith in Cumbria, to attract more clubs from the east side the country
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2022
Financial review
The results from the financial year are regarded as satisfactory.
Plans for future periods
Identification of potential sponsors and consolidation/implementation of the UKWB sponsorship programme.
Stabilisation of funds and income generation so that an unrestricted reserve can be established and built upon.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
R McBride Trustee
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of United Kingdom Wheelchair Basketball
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of United Kingdom Wheelchair Basketball ('the charity') for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 accounts to be reached.
Mr R W Gordon, FCA Independent Examiner
Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
3
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2022
| Period from | ||||
|---|---|---|---|---|
| 9 Dec 20 to | ||||
| Year to 31 Mar 22 | 31 Mar 21 | |||
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | – | – | 5,750 |
| Other trading activities | 6 | 6,610 | 6,610 | 550 |
| Investment income | 7 | – | – | 2 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total income | 6,610 | 6,610 | 6,302 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 8,9 | 2,712 | 2,712 | 1,207 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total expenditure | 2,712 | 2,712 | 1,207 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Net income and net movement in funds | 3,898 | 3,898 | 5,095 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 5,095 | 5,095 | – | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 8,993 | 8,993 | 5,095 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 11 form part of these financial statements.
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Statement of Financial Position
31 March 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 9,143 | 5,245 | |
| Creditors: amounts falling due within one year | 13 | 150 | 150 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Net current assets | 8,993 | 5,095 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 8,993 | 5,095 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Net assets | 8,993 | 5,095 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 8,993 | 5,095 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| Total charity funds | 14 | 8,993 | 5,095 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
R McBride Trustee
The notes on pages 6 to 11 form part of these financial statements.
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 19 Walden Grove, Stanwix, Carlisle, Cumbria, CA3 9JT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
6
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
7
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee and does not have a share capital.
The liability of the members in the event of the company being liquidated is limited to £1 per member.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donation from Cumbria Wheelchair | |||||
| Sports Club | – | – | 5,750 | 5,750 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Subscriptions | 2,310 | 2,310 | – | – | |
| Sponsorships | 4,300 | 4,300 | – | – | |
| Letting and licensing | – | – | 550 | 550 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | ||
| 6,610 | 6,610 | 550 | 550 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 2 | 2 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ |
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
8. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Wheelchair Sports | 2,547 | 2,547 | 757 | 757 |
| Support costs | 165 | 165 | 450 | 450 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 2,712 | 2,712 | 1,207 | 1,207 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Expenditure on charitable activities by activity type | ||||
| Activities | ||||
| undertaken | Total funds | Total fund | ||
| directly Support costs | 2022 | 2021 | ||
| £ | £ | £ | £ | |
| Wheelchair Sports | 2,547 | – | 2,547 | 757 |
| Governance costs | – | 165 | 165 | 450 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 2,547 | 165 | 2,712 | 1,207 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
9. Expenditure on charitable activities by activity type
10. Independent examination fees
| Period from | ||
|---|---|---|
| Year to | 9 Dec 20 to | |
| 31 Mar 22 | 31 Mar 21 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 50 ৶৶৶৶ |
50 ৶৶৶৶ |
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Tangible fixed assets
During the year the trustees moved the fixed asset expenditure which had previously been included in the accounts in full.
13. Creditors: amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 150 | 150 |
| ৶৶৶৶ | ৶৶৶৶ |
10
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2022
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2021 | Income | Expenditure | 2 | ||
| £ | £ | £ | £ | ||
| General funds | 5,095 | 6,610 | (2,712) | 8,993 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| At | At | ||||
| 9 | December 2 | 31 March 202 | |||
| 020 | Income | Expenditure | 1 | ||
| £ | £ | £ | £ | ||
| General funds | – | 6,302 | (1,207) | 5,095 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 15. | Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2022 | ||||
| £ | £ | ||||
| Current assets | 9,143 | 9,143 | |||
| Creditors less than 1 year | (150) | (150) | |||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||||
| Net assets | 8,993 | 8,993 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2021 | ||||
| £ | £ | ||||
| Current assets | 5,245 | 5,245 | |||
| Creditors less than 1 year | (150) | (150) | |||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||||
| Net assets | 5,095 | 5,095 | |||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
11
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Management Information
Year ended 31 March 2022
The following pages do not form part of the financial statements.
12
United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2022
| Period from | ||
|---|---|---|
| Year to | 9 Dec 20 to | |
| 31 Mar 22 | 31 Mar 21 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donation from Cumbria Wheelchair Sports Club | – | 5,750 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Other trading activities | ||
| Subscriptions | 2,310 | – |
| Sponsorships | 4,300 | – |
| Letting and licensing | – | 550 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| 6,610 | 550 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| Investment income | ||
| Bank interest receivable | – | 2 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Total income | 6,610 | 6,302 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Legal and professional fees | 165 | 450 |
| Hire, Courses and matchday costs | 2,547 | 757 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 2,712 | 1,207 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Total expenditure | 2,712 | 1,207 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Net income | 3,898 | 5,095 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
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United Kingdom Wheelchair Basketball
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2022
| Period from | ||
|---|---|---|
| Year to | 9 Dec 20 to | |
| 31 Mar 22 | 31 Mar 21 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Wheelchair Sports | ||
| Activities undertaken directly | ||
| Hire, Coaches and matchday costs | 2,547 | 757 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| Governance costs | ||
| Accountancy fees | 150 | 150 |
| Legal and other professional fees | – | 300 |
| Bank charges | 15 | – |
| ৄৄৄৄ | ৄৄৄৄ | |
| 165 | 450 | |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 2,712 | 1,207 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
14