# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1192846** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ||**CONTENTS**| |---|---| |Page 3|Legal & Administrative Information| |Pages 4 to 5|Trustees' Report| |Page 6|Statement of Financial Activities| |Page 7|Balance Sheet| |Pages 8 to 15|Notes to the Financial Statements| |Page 16|Independent Examiner's Report| ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1192846 **DATE OF REGISTRATION** 17th December 2020 **START OF FINANCIAL YEAR** 1st January 2022 **END OF FINANCIAL YEAR** 31st December 2022 **TRUSTEES AT 31ST DECEMBER 2022** Maddy Collinge Martin Fickling Sharon Armitage Patrick Carlan Gary Morley Stephen Davies Beverley Armstrong David Robertson Graeme Baguley Philip Shaw Jemma Arbon Sarah Bradbury Richard Massey David Lisgo Barry Holmes **TRUSTEES AT 31ST DECEMBER 2022** Maddy Collinge Sharon Armitage Gary Morley Beverley Armstrong Graeme Baguley Jemma Arbon Richard Massey Barry Holmes **LEGAL STATUS** Charitable Incorporated Organisation ## **GOVERNING INSTRUMENT** CIO - Association Registered 17th December 2020 ## **OBJECTS** **i** ) For the public benefit generally but with particular reference to the inhabitants of Mansfield and its surrounding areas. **ii** ) To promote community participation in healthy recreation by providing: **a** ) Facilities for athletics including running, track and field and all other related sports capable of improving fitness, health and wellbeing. **b** ) Coaching, competition and all other services to support these services. **iii** ) To provide and assist in the provision of facilities for sport, recreation and other leisure time occupation of such persons with have need for such facilities by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances of for the public at large in the interest of social welfare and with the object of improving or enhancing the quality of life (physical, mental or otherwise). **CORRESPONDENCE ADDRESS** 6 Ribbledale Close Mansfield Nottinghamshire NG18 3GW **PRIMARY BANKERS** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31ST DECEMBER 2022** This report covers the period between January and December 2022 inclusive. This was the first full year where the club has operated and managed the track and facilities at Berry Hill Park under a lease agreement with Mansfield District Council, and the second where it has functioned as a Charitable Incorporated Organisation (CIO). The trustees have met monthly under the stewardship of chair Pat Carlan to oversee the governance, finance and services to members of the club. The club is affiliated to England Athletics and operates within the NGB framework which includes affiliation to other athletic organisations, leagues and competition providers. A small core of volunteers continues to provide much of the commitment required to manage the facility and meet the day to day operations of the club and the site. The club is able to offer 5 coached sessions each week to members. The facility is also open for casual use to the general public and athletes from other clubs where a training fee is applied. Membership of the club has continued to incrementally rise and now stands at over 250. New members are being attracted of all ages and abilities. Several new members have transferred from other clubs while others have joined as 2nd claim which demonstrates a ‘pull factor’ now associated with the club. A second Welfare Officer has been recruited which has enabled the club to move towards full accreditation of England Athletics Club Standards. Three members gained coaching qualifications and one member a field judge licence. The club was sad to report the death of Life Member John Tomlinson who had been a member since the 1950’s. Members were able to take part in athletic competitions every week of the year during 2022. The club competed in 4 track league competitions and 5 road and cross country leagues in addition to many championship and open competitions. Performances by members have continued to improve across all areas of the club both by teams and individuals with Mansfield teams and individual athletes performing well in national, regional and at a local level both in leagues and open competitions. Four members were selected to represent England in various competitions. A successful Presentation Evening was held in November which had an Olympian as a guest. The club and individual members were recognised in both the England Athletic (East Midlands) and Mansfield Armchair Club annual sport recognition awards; taking 4 award categories at each event. External partners have continued to support the club during 2022. The club has continued to invest substantially in facilities on the site. Conscious of the need to prepare for upgrade of track surface in 3/5 years the trustees have established a sinking fund which is to be contributed to each year. Additional new and refurbished equipment – hurdles, throwing implements etc has been sourced which has enabled a complete full set of training and competition equipment to now be on site. A portable PA system has also been purchased. Repairs and painting of the high jump and pole vault metal covers has been undertaken. A second-hand pole vault bed has been recycled from a club in Surry and plans are in place to have this operational early in the New Year. The wash-hand basins in the female changing rooms have been completed replaced with a new suit of basins. A 2nd storage container has also been procured. Measures have been taken to manage utility consumption more effectively. Volunteers have continued to clean and maintain the track and buildings throughout the year. During 2022 the club hosted 10 cross country fixtures and 9 track competitions. This included the prestigious Midland X/C Championships and the National X/C Relays. Volunteers have continued to carry out the considerable workload involved in preparing the facility and clearing away following a home track or cross country fixture. An Open Day was held in August which allowed members of the public to have a go at taster events. The club also hosted a schools x/c fixture as a means of recruitment and showcasing the club. 4 MANSFIELD HARRIERS AND ATHLETICS CLUB ICharitaNtr I￿orpOrated Organisalionl TRUSTEES. REPORT lcontlnued) FOR THE YEAR ENDED 31ST DECEMBER 2022 Tru*t••*' R•ipon•lblllll•8 Th8 charl1￿5 Act 2011 ro9Lif06 th8 lo o•th a tru• flr vlow oflhe Blate of$ffalrJ Of￿ CKJ WKI ofthe CK) for that F￿￿￿￿. thDW St•tsn￿tl th tru$lees are reQ￿rea tty. . Make I￿rnants are r8&*J)8bl8 . Pr¢p8re finB￿la1 St*en￿lI C(￿rn uthl knwtylate to th• trwl The trusts88 r¢gwwtrAo for k**￿a kYop•r rKoYd$. I￿¢h ￿1￿￿•t1* xcurKy il any￿rne th9 fin￿[81 posllth rl IhF C￿. They are ky 8•lywd￿ the ol ￿ ¢10 and hanco for Wng Swd onthalr b8WbyTru#w.............. ... .. Pr*￿ed Naw. fhilir S¢4 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
Investment Income
**3d**
Other Incoming Resources
**3e**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Transfer Between Funds
**5**
Transfer of Funds
**18**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
4,071
8,000
12,071
61,575
24,584
-
24,584
17,590
3,194
-
3,194
5,018
15
-
15
-
9,477
-
9,477
2,711
**41,340**
**8,000**
**49,340**
**86,894**
28,514
9,657
38,171
71,639
-
650
650
1,800
**28,514**
**10,307**
**38,821**
**73,439**
**12,825**
**(2,307)**
**10,518**
**13,454**
38,050
5,465
43,515
-
255
(255)
-
-
-
-
-
30,061
**51,130**
**2,903**
**54,033**
**43,515**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 8 to 15 form part of these financial statements. 6 MANSFIELD HARRIERS AND ATHLETICS CLUB (Charitable I1￿rporale￿ organ￿l￿nI BALINCE SHEET AS AT 31ST DECEMBER 2022 Totol 31-D•c.22 Total 31.Dec-21 Fund8 Flx•d Abiqt• TarrfJhb￿A1¥St6 InveBlrnenlB Totsl Flx•d As¥•t• 15 15,643 10.570 1s.e43 15.B43 10.57Q Currqnl ￿•11* stock Doblw & Prep&>Thnll Cath at Benk In Tot41 C¥rr•nt A¥4•14 4.396 375 22.BSS 35,890 36.404 41,100 3,553 JASJ 39.957 44.653 S.813 0,463 2.745 year NETCiIRIIÉNT A88ET8 35287 32.945 TOTALAUETS I••• IlBt4MI•8 51.130 1•03 84033 4S,$1S Cr•dttor•.' kn￿tI th 10 NET A88ET8 51.130 54,033 Fund¥ olth• Ch•rl¢y Gtnerd Rttlrkt￿ Fund• 51.1x1 2,W3 485 Tot￿ Fund¥ st.130 2.903 4J,515 Jyovttj tythe Tn4l•MM..... l.jf C£Aw.8.y....A.O%.3 Prkknd Na￿. fKKiP S*w ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services have been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 8 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £50.00. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: General Equipment 10% - Straight Line Basis Athletic Equipment 10% - Straight Line Basis Furniture & Fittings 10% - Straight Line Basis IT Equipment 33% - Straight Line Basis 9 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **2. TANGIBLE FIXED ASSETS** |Cost
01-Jan-22
Additions
Net Book Value at
31-Dec-22
Depreciation
01-Jan-22
Charge
Depreciation at
31-Dec-22
Net Book Value
31-Dec-22
Net Book Value
31-Dec-21|General
Athletic
Fittings &
IT
**TOTAL**
Equipment
Equipment
Equipment
Equipment
**2022**
£
£
£
£
£
3,390
6,308
1,025
458
11,181
3,586
3,347
-
-
6,933
6,976
9,655
1,025
458
18,114
169
315
51
76
611
503
902
102
153
1,660
672
1,217
153
229
2,271
**6,304**
**8,438**
**872**
**229**
**15,843**
**3,221**
**5,993**
**974**
**382**
**10,570**| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2022: None 31st December 2021: None 10 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. INCOMING RESOURCES** |**a) Donations, Grants & Legacies**
Gifts & Donations
Grants Received
**b) Charitable Activities**
Activities & Events
Membership & Track Fees
**c) Activities for Generating Funds**
Advertising Income
Café Income
Club Entry Fees
Fundraising Income
Kit Sales
**d) Investment Income**
Interest
**e) Other Incoming Resources**
Sundry Income
Reimbursements|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
4,071
-
4,071
37,633
-
8,000
8,000
23,942
**4,071**
**8,000**
**12,071**
**61,575**
-
-
-
165
24,584
-
24,584
17,425
**24,584**
**-**
**24,584**
**17,590**
350
-
350
2,750
980
-
980
1,635
-
-
-
230
493
-
493
-
1,370
-
1,370
403
**3,194**
**-**
**3,194**
**5,018**
15
-
15
-
**15**
**-**
**15**
**-**
475
-
475
3
9,002
-
9,002
2,708
**9,477**
**-**
**9,477**
**2,711**| |---|---| 11 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Activities & Events
Bank Charges
Cafe Costs
Cleaning Costs
Club Kit Costs
Courses Costs
Depreciation Expense
EA Fees
League Fees
Licenses & Subscriptions
Office Costs
Rent & Rates
Repairs & Maintenance
Sundry Expenses
Utility Costs|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
5,398
2,525
7,923
4,463
-
-
-
18
733
-
733
630
174
-
174
214
202
-
202
2,011
780
400
1,180
1,020
1,660
-
1,660
611
5,074
-
5,074
3,870
-
2,259
2,259
350
-
-
-
92
283
-
283
90
443
417
860
1,000
-
4,056
4,056
56,995
8
-
8
75
13,759
-
13,759
200
**28,514**
**9,657**
**38,171**
**71,639**| |---|---| ` ## **b) Governance Costs** |Independent Examiners Fees
**9**
Legal & Professional Fees|-
650
650
650
-
-
-
1,150
**-**
**650**
**650**
**1,800**| |---|---| 12 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Athletic Equipment Fund
Changing Room Fund
EA Legal Fees Fund
Equipment Fund
Event Fund
Floodlight Fund
League Fees Fund
Mayors Fund
MDC Sports Dev
MDC Coach Course
Refurbishment Fund
Rent Fund
Steeplechase Fund
Storage Fund
Throw Cage Fund
Track & Jump Pit Fund
Welfare Officer Fund|**Balance**
**Balance**
**01-Jan-22**
Income
Expenditure
Transfers
**31-Dec-22**
£
£
£
£
£
988
-
404
-
584
-
2,000
2,000
-
-
800
-
650
-
150
305
-
-
-
305
750
-
525
-
225
-
-
-
-
-
1,450
1,800
2,259
-
991
358
500
500
-
358
500
-
-
(255)
245
-
400
400
-
-
-
1,000
1,152
-
(152)
450
-
417
-
33
-
-
-
-
-
-
2,000
2,000
-
-
-
-
-
-
-
(136)
-
-
-
(136)
-
300
-
-
300
**5,465**
**8,000**
**10,307**
**(255)**
**2,903**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Athletic Equipment Fund
Changing Room Fund
EA Legal Fees Fund
Equipment Fund
Event Fund
Floodlight Fund
League Fees Fund
Mayors Fund
MDC Sports Dev
Refurbishment Fund
Rent Fund
Steeplechase Fund
Throw Cage Fund
Track & Jump Pit Fund|**Balance**
**Balance**
**17-Dec-20**
Income
Expenditure
Transfers
**31-Dec-21**
£
£
£
£
£
-
1,250
40
(222)
988
-
1,000
1,000
-
-
-
1,400
600
-
800
-
2,200
-
(1,895)
305
-
750
-
-
750
-
15,000
15,000
-
-
-
1,800
350
-
1,450
-
358
-
-
358
-
500
-
-
500
-
12,000
10,517
(1,483)
-
-
1,000
550
-
450
-
2,142
-
(2,142)
-
-
5,000
5,000
-
-
-
13,250
12,144
(1,242)
(136)
**-**
**57,650**
**45,201**
**(6,984)**
**5,465**| |---|---| The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above. 13 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **6. INVESTMENTS** The CIO held no fixed assets investments during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
36,404
3,553
39,957
32,855
**36,404**
**3,553**
**39,957**
**32,855**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
300
-
300
375
**300**
**-**
**300**
**375**| |---|---| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiners Fees
Sundry Creditors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
-
650
650
650
5,813
-
5,813
2,095
**5,813**
**650**
**6,463**
**2,745**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
15,843
-
15,843
10,570
35,287
2,903
38,190
32,945
-
-
-
-
**51,130**
**2,903**
**54,033**
**43,515**| |---|---| 14 ## **MANSFIELD HARRIERS AND ATHLETICS CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **12. STAFF COSTS AND NUMBERS** The CIO employed no members of staff during this or the previous 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. STOCK** Stock consists of item acquired in order to generate profits to further the Charity's objects. Stock is valued at the lower of cost or net realisable value. ## **18. TRANSFER OF FUNDS** The transfer of funds represent the assets and liabilities held by the Charity prior to the registration of the Charitable Incorporated Organisation, Mansfield Harriers and Athletics Club. 15 MANSFIELD HARRIERS AND ATHLETICS CLUB (Charitable IwFrtyated (kganisation) INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS RerKYt lo the trusteesl members of ManSf￿d HaTTW4 a￿1 Athletics Club on the accounts for th8 fitst perirxd ended 31st Dèeèmber 2022 set out on p￿sS 6 to 15. A*￿#¢t1¥e rg$pon$ibilttl•s of tru8to•s ?x•mln•r The charity's trustees are re8pJn8ib18 for the preparation of the acxounts. charity's Injstees consider that an audit 15 not required for this year under sectw)n 144 of the char￿e3 Act 2011 (the Chariti'es Act) arKI that an independent examination is needed. It Is my reBponslbllity to.. examine the account$ under ￿tiOn 145 of th& Charitie5 ACL follow th& priKedure6 laKI down in t￿ general Thr￿li0r￿ gNen ty the Charfty Commisslon lundor sgction 14Sl5llbl of the Charities Act. and stste wholher p8rti¢ulor rTi¥ll¥r¥ to my attenlon Bao18 of Ind•p•nd•nt •x•rnlngrf• •tst•m•nt My examination was carried out in a¢¢ordarKe wth general Dir￿1￿8 gfven by the Charity Commisslon. An examinalion Includ￿ a revlew of the 8¢countino records k￿1 tjy th8 rtharhy and a comparlson ol the accounts pr•sontgd th￿# records. It also in¢lud85 eonsideration of ony unusual item5 or disclosures in th& accounts, and so0￿.ng explanations from the trustees concernlng any such matters. Th& procedures uThJertaken do not provide all the &v#lan¢è that would be required in an audrt, and consequenlly ￿ opinion is given as lo t*thethor thè aco)unis present a 'trua and falr. and th rgPOrt18 limlted to th¢)se matters sèt cMJt in the stalemenl below. Ind•p•nd•nt Étxthrn5n•r'• •t•t•m•nl In connection wbth my examination. no matter has come lo my attention- vthrch glvtrs me re880nable cause 1¢ Wieve that in any material rospo¢t. lh¢ rèquir8Thnls: lo keèp accounting records In aCcOrthr￿ with sed￿n 130 ofthe Charrties Act.. and to prtspa￿ accounts *thich acc￿rd with thg aDx)unling record5 and o)mpty wilh the acctsJntSng requiiem8nts of the Chanl*s Act have not been mel,. or to whlch. In my opin￿, atteniKM 8*￿Id ￿ drawn In or(*r lo enable a prop8r undgr¥tanditYJ of the ￿counts lo be K. C(Al8ku MAAT Castle View Accounting Lttl New Barn Mudberry Lane Bosham Chlchestor West Sussex P018 8TS Date: 8th February 2023