## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1192823** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **CONTENTS** Page 3 Legal and Administrative Information Pages 4 to 5 Trustees' Report Page 6 Statement of Financial Activities Page 7 Balance Sheet Pages 8 to 12 Notes to the Financial Statements Page 13 Independent Examiner's Report 2 THE 93 PERCENT CLUB FOUNDATION IChantat4e Incorrorated Organisation LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1192823 DATE OF REGISTRATION 16th DecemL*r 2020 START OF FINANCIAL PERIOD 16th 08cemb8r 2020 END OF FINANCIAL PERIOD 31sl December 2021 TRUSTEES AT 31ST DECEMBER 2021 SophE PeThYer inkansola Sanusl Maddabna Cavaclu EXECUTIVE COMMITTEE Sophk8 Perthr Saffluel Turnpenny Yousrfoghanna Fin* Wrvjhl Jarn￿ Rcgers e BasS8tt LEGAL STATUS Chartsblg 1rKcry￿1eU (￿nI88t GOVERNING INSTRUMENT CIO- F￿ndalb)n R•gisiarod 16th 0￿M￿r 2020 08JECTS For the bentrfrt ol the publ￿. to act 88 8 fesource ￿l¥J people INing in thts Uniiod Kir￿d￿ and RaPubl￿ of Ir8land by providing advte. assistance and supK*Jrt aThJ organising educatthal programmes and Other aClNilies as a mean of., 81 Advancing in life and h&lpiNJ YOUNJ kw4e by deveW'rKJ Iheir skills. capacil*S aThJ eapabililies ￿ enable them Its Part￿ipate in society as independent. Malu￿ arKJ re$wMb￿ irvJivKluals: bl ADwèr our memDern of rrwi 5or*s auo$s the foul dèy3. int1￿j1￿ ￿11 IpthJs".ry pbhaii èr wellbeing Tr* •v•rl ¢w•r 450 mernber Irryn a¢￿> 3$+ •rO br￿9￿ ityJ¢ir*r S ltsp nplDyer5, ovol 10 IfwJus1ry wofewOna￿ #nd r*wewntsiw mor• INn 10 drfTowt Irwknlrw. M•mb8rg Th•d th• opportupty lo *ofk'ovdafUS lh• Empwtslrfy W••* 2021 Awaro which recognmed the scudsnij Ihal got Slu¢k In and attended 8 rang• ol èvènts from across tht ¥arfous serie5. Thp4e HwHrd3 were on Link*dln #￿td 10 mèmoafs, Cvs ia *ht)w •mployerJ their 0ethc41￿n lo itsir And dtrYoiopm8nt. Aftor the ovènt 86% t•lM¥•d th8 vmk mao•1Th8rn mor• trnpw8b￿, vrfilh 92% hewngdovtsopodlhor skill& 85% ioclw mcrfe conlhjont 89% nawn9 CXgrfAnth)dI￿tr nofvth. 4V•*•rv•* Polky Vhfr 8¢a"d vl Iruslms ar• Jabsfi•d wth th• knl ol r•￿r￿S 413108cwnw 2021 io (42,213 01 ￿re$ll￿¢•d funds. The reBerv05 are coniid•réd ad89￿¢ •tths M•0• to be reoJUiriy re￿￿e￿. Tru¥t••¥' R•¥pontsibllllJ Tho Chanues A¢1 2Q1 t r*qJif•s trwt¢fr5 to pwe fir￿￿￿1 st•l¥rntrn￿ for fThrny¥l year grye ¥ true fa Vie.V4 af iThe y'.aiv. ol èff#YB ol ao 4r¥J ol sur￿￿ of tho c￿ Lhai wrl¢d. ITr pryrfD9 Ihose financi￿ Ethlements the trustees are reqUIt￿ to. S¢lect6LILlble pol￿￿3 ￿p￿Y1￿[r. . Maktriu¢JQt*ents •si mate$ are reasovtrAe prw*nl Prepare ffinancvdl Si￿t￿t￿lS oh the gorKJ ¢￿¢¢M ba$ty 11 1% hwr4wlble lo ryesume thot trust wrfl continue In ex1yt•n￿. The trJsiees are responsib12 tor keeDinp propor ￿our￿1ng ro¢0* d¢ch)#e wrth reag¢n•Ye 4¢￿r4¢Y •1 any Ilm¢ Iho flnFJnr.knl position thp CIO. T*y ¥¢ ab¢ rèsKMM.trw• foi ￿feguardry the assels ol Ihe arrfj wce lor lak11￿ rea501￿tle &tep% for prgVQ￿tth aEiacknn aTrJoiher proved by Ihe Truste¢$ cffj.. gned onthBf bew by Tr￿.... ......... . Prnlad Name: iJItr'ALILfFI ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Activities for Generating Funds
**3b**
Investment Income
**3c**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021**
£
£
£
2,002
-
2,002
47,111
-
47,111
2
-
2
**49,115**
**-**
**49,115**
6,299
-
6,299
603
-
603
**6,902**
**-**
**6,902**
**42,213**
**-**
**42,213**
-
-
-
**42,213**
**-**
**42,213**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 8 to 12 form part of these financial statements. 6 THE 93 PERCENT CLUB FOUNDATION (Chantsble lrKx)￿raled OrwiGatKTrn} BALANCE SHEET AS AT 31ST DECEMBER 2021 Unregtyktsd Restplthd Funds Funds Totsl 3l-D•c-21 Fix•d Ai••tS Tafjgib.'e Assets InvEslmBnts Totsl Fix•dA5sets Debiors & prepa￿￿nI5 Cash 81 bank In Hartd Total Cwr•nt Asg• 42.763 42.TOJ 42.763 42,7BJ Cr•drt•rK Amounkn 18iiiw yeAr 550 550 NETCURRENT ASSETS 42.213 42,213 TOTAL ASSETS loss currènt 41213 42,213 Credltorn Amount• dL* in rmre onfr 10 14ET ASSETS 42,213 42,213 Fund8 olth• Charlty Genfjral Funds Restrwed Fvnd 42.213 42.213 Fundj 4prwd by Trusts0s￿.. .i.L...l.QJ.....2n..12 SHJned tr)I￿1r behalTby Trv5we pr￿ted Nam•'. ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. 8 ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings and Equipment 25% - Reducing Balance Basis ## **2. TANGIBLE FIXED ASSETS** The CIO held no fixed assets during this initial financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2021 : None 9 ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** ## **3. INCOMING RESOURCES** |**Note**
**a) Donations, Grants & Legacies**
Gifts & Donations
**b) Activities for Generating Funds**
Primary Purpose Trading
Secondary Purpose Trading
**c) Investment Income**
Bank Interest
**4. RESOURCES EXPENDED**
**a) Cost of Charitable Activities**
Advertising & Publicity
Equipment Costs
Insurance Costs
Licenses & Subscriptions
Activities & Events
Programme Delivery
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021**
£
£
£
2,002
-
2,002
**2,002**
**-**
**2,002**
47,100
-
47,100
11
-
11
**47,111**
**-**
**47,111**
2
-
2
**2**
**-**
**2**
Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021**
£
£
£
1,426
-
1,426
315
-
315
55
-
55
659
-
659
2,733
-
2,733
1,111
-
1,111
**6,299**
**-**
**6,299**
550
-
550
53
-
53
**603**
**-**
**603**| |---|---| 10 ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** ## **5. RESTRICTED FUNDS** The CIO held no Restricted Funds during this initial financial period. ## **6. FIXED ASSET INVESTMENTS** The CIO held no fixed assets investments during this initial financial period. ## **7. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Restricted
**Total**
Fund
Fund
**31-Dec-21**
£
£
**£**
42,763
-
42,763
**42,763**
**-**
**42,763**
Unrestricted
Restricted
**Total**
Fund
Fund
**31-Dec-21**
£
£
**£**
-
-
-
**-**
**-**
**-**
Unrestricted
Restricted
**Total**
Fund
Fund
**31-Dec-21**
£
£
**£**
550
-
550
**550**
**-**
**550**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this initial financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
Funds
Funds
**31-Dec-21**
£
£
£
-
-
-
42,213
-
42,213
-
-
-
**42,213**
**-**
**42,213**| |---|---| 11 ## **THE 93 PERCENT CLUB FOUNDATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST DECEMBER 2021** ## **12. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this initial financial period. ## **13. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. ## **17. COMPARATIVE FIGURES** There are no comparative figures available as this is the initial period of registered Incorporated Charitable Activity. 12 THE 93 PERCENT CLUB FOUNDATION ICharitatAe Incortx)rated Organisationl INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trustee51 rDembers of 93 Percert FoUrKla￿Tr on Ihe a¢ctyJnts for first period ended 31st Decernber 2021 set out on pages 6 to 12. R￿P￿tIv0 r¥spon$1bllRlo$oftru$t￿and wmlngr Th8 chantys tru8tees are respo[￿ible for th8 preparat1￿ of th8 accAJnts. Th8 charty's trust8es con8id8r that an audit i& mt required for this year u￿18r s8CtKJn 144 of th8 Charit￿S Act 2011 (the Ch8rits"88 Act) arKI that an ind8wnd8nt 8xarnination is needed. 11 is my resp￿s1￿MIlty to.. exam1r￿ the accounts und8r seCt￿)n 145 01 lh8 charit￿ ACL folh)w the procedures (l￿n ￿ th8 g￿Tal DireC￿S given by Charity Comrnission (under Section 14515llbl of the Charities Act. and stste whether part￿UL￿r matter5 ha¥8 ccffje to My alteniK Bas18 of IndeperKlent•xamlnor'8 slaternont My examinatlon was carr￿￿ out in accordaw with general DirectKms given by tl* Charlty Commisslon. An e¥amination Includes a of the accountlNJ reccwds kept by the charty arhj a compartson of the acc(yJnls presented wlth thos& records. 11 also I￿lUdeS consideraiw)n of any unusual rtems or dixlts%ures in tl* accounts, and Seeking exrAanatlons from the trustees concerning any such matter& The prIxedu￿$ uThJertaken do not al the evkI&￿e that would be requlre(l in an audlt, ancl conseouenlly no opinKy) given as lo the p￿sent a'lrue a￿1 falr. v*w and the report is Ilmlted to those matters sel out in the ststement bekm. Ind•p•nd•nf •xamln•¢s thi•m•nt In conne¢tKJn with my examinatKJn, rKJ matter h8$ to myakntw. which gives me reasona￿ caus8 to telwe thal in any malerKg1 resFecI, Ihe require￿nts.. to keep accountirKJ records in acccKdarKe with 5ecl*?n 130 olthe Chari118s Act; and to prepare accounts which accord wilh Ihe accouniiThJ rec￿d5 and comply with Ihe 8ccL)untiNJ requirements of the Charits'es Act have not teen met; or to whkth, In rny o￿nIc￿, atlenlkn S￿UkI be (trawn in ordgr lo enat4& 8 understandlng of the attount3 to reached. K. Collaku MAAT Castle View Accounting Lld New Barn Mudberry Lane B05haTn ChKhe51er Wesl Su55ex P018 8TS E.G K.C (Oct 19. 202Z 21=21 GMT+ii Date.. 19th Odober 2022