Trustees' Annual Report for the period
From Period start date To[Period end date ] 20 05 2021 31 03 2022
Section A Reference and administration details
Charity name Ipswich BMX Club
Other names charity is known by -
Registered charity number (if any) 1194550
Charity's principal address 12 Mill Road, Hempnall
Norwich
Postcode NR15 2LP
Names of the charity trustees who manage the charity
Trustee name Office (if any)
-
1 Sarah Harris
-
2 Tracey Reeve
-
3 Sarah-Jane Quick
-
4 Mark Steele
-
5 Lewis Allison
-
6 Amanda Booth
-
7 Lee Matthews
-
8 John Lillingstone
-
9 Shaun Andrews
Dates acted if not for whole year
20/05/21
- 20/05/21
20/05/21
20/05/21
20/05/21
- 20/05/21
20/05/21
20/05/21
20/05/21
Name of person (or body) entitled to appoint trustee (if any) Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club Ipswich BMX Club
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
20
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
January 2022
1
TAR
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Constitution - Charity CIO Association Type of governing document (eg. trust deed, constitution) Foundation How the charity is constituted (eg. trust, association, company) Appointed Trustee selection methods (eg. appointed by, elected by)
Additional governance issues (Optional information)
The trustees adhere to the following policies and procedures: You may choose to include * Equality and Diversity additional information, where * Safeguarding Adults and Children relevant, about: * Data protection and GDPR ● policies and procedures * Financial controls
-
policies and procedures
-
adopted for the induction and training of trustees;
-
Conflict of interest
Structure of the charity:
-
the charity’s organisational
-
structure and any wider network with which the charity works;
-
Sarah Harris - Chairperson & Membership Secretary * Tracey Reeve - Club Secretary & Funding Lead
-
Sarah Jane Quick - Treasurer * Mark Steele - Deputy Chair
-
relationship with any related
-
parties;
-
Amanda Booth - Welfare Lead
-
trustees’ consideration of
-
major risks and the system and procedures to manage them.
-
Shaun Andrews - Head Coach * John Lillingstone - Track Admin
-
Lewis Allison - Track Maintenance
-
Lee Matthews - Social Media admin
Relationship with any related parties - None
Risk assessments are done regularly at race meetings to mitigate and manage major risks.
January 2022
2
TAR
Section C Objectives and activities
-
To promote for the benefit of the inhabitants of Ipswich and the
-
Summary of the objects of the surrounding areas.
-
charity set out in its governing document 1) The advancement of amateur sport, recreation or other leisure time occupation, in particular but not exclusively BMX bike riding and racing. 2) To promote community participation in health recreation by the provision of facilities to participate in BMX racing and cycling.
-
3) To provide a community facility for the advancement of any other charitable purpose recognised under the law of England.
-
Installation of a brand new BMX Track (to National UCI standards) and a Clubhouse that houses toilets, hire bikes, kitchen, first aid facilities as well as bike safety loan equipment.
-
Promotion of the facilities, both Track and Clubhouse, for use when the Club is in attendance during race meetings, training and coaching sessions and encouraging both club members and community to take part and be involved in an exciting off-road facility which sits in the heart of a deprived area of Ipswich.
-
The track is available 24 hrs a day, 7 days a week for non members and the wider community to use.
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related
-
investment;
Policy on Grantmaking - N/A
Policy programme related investment - N/A
Contribution made by volunteers - N/A
-
contribution made by
-
volunteers.
January 2022
3
TAR
Section D Achievements and performance
Summary of the main achievements of the charity during the year
Delivery of a brand new National standard BMX track, to a high standard and to specifications laid by our governing body British Cycling – which was delivered on time and to budget – for the highest benefit of the local community and supporting the wider interests of the whole of the BMX Community across the country.
Providing an all-weather electric start gate that enables the development, training progression and growth of the riders by giving them equality when riding and racing at other high level tracks.
The provision of a fully functioning Clubhouse which offers toilets, a dry place to change, and which offers kitchen facilities for selling food and drinks (to ensure the sustainability of the club), a first aid room and admin facilities. This is largely complete, but kitting out the full kitchen is a project for Phase 2 of the Clubhouse development
January 2022
4
TAR
Section E Financial review
We always keep £4,000 contingency on reserve against any potential Brief statement of the loss damage, theft or requirement to upgrade in order to meet any charity’s policy on reserves amendments to national guidelines or health and safety guidelines.
Details of any funds materially None in deficit
Further financial review details (Optional information)
We fundraise by hosting Club race events and by holding regional races You may choose to include at our track. additional information, where relevant about:
During this period, we also benefited from significant grant funding from ● the charity’s principal British Cycling, Lottery, Sports England, Ipswich Borough Council, Suffolk sources of funds (including any County Council, and individual foundations. fundraising);
● how expenditure has It has provided us with the funding to build a new track and to buy a supported the key objectives of clubhouse to use during club times for the club and at non-club times for the charity; the wider community.
● investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) T.N Reeve
Full name(s) Tracey Reeve
Position (eg Secretary, Chair, Secretary etc)
Date 10/2/2023
January 2022
5
TAR
Annual Report and Financial Statements
for the Year Ended 31 March 2022
IPSWICH BMX CLUB
Charity registration number: 1194550
Registered Address: 12 Mill Road, Hempnall, Norwich NR15 2LP
Contents
| Reference and Administrative Details | 3 |
|---|---|
| Trustees' Report | 4 and 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9 to 11 |
Reference and Administrative Details
| Charity name | Ipswich BMX Club |
|---|---|
| Charity registration number | 1194550 |
| Principal office | 12 Mill Road |
| Hempnall | |
| Norwich | |
| NR15 2LP | |
| Trustees | S Harris |
| L Allison | |
| L Matthews | |
| A Booth | |
| M Steele | |
| T Reeve | |
| J Lillingstone | |
| SJ Quick | |
| S Andrews | |
| Auditor | Heelis & Lodge |
| 1 Hembling Terrace | |
| Mill Lane | |
| Campsea Ashe | |
| Woodbridge | |
| IP13 0PP |
Trustees' Report
The trustees present their report with the financial statements of the charity for the ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document.
Recruitment and appointment of new trustees
The charity was newly constituted in May 2021 and trustees were drawn from the existing Club Committee and duly advised on their responsibilities as trustees. No new trustees have been required in this term. If the charity was to appoint new trustees, they would be encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These training sessions cover:-
-
a. The obligations of the Club's Committee members as Trustees.
-
b. The governing document and other main documents which set out the operational framework for the charity including the Memorandum and Articles.
-
c. Resourcing and the current financial position as set out in the latest published accounts.
-
d. Future plans and objectives.
Related parties
The company has no related parties.
Risk management
The trustees have actively reviewed the major risks which the charity faces within this period. Only a few minor risks were identified but it has resulted in better emergency procedures and contingency plans, and has given the impetus for better planning. Particular attention has focussed on non-financial risks arising from fire, and health and safety of participants and spectators. A key element in the management of financial risk was the setting of a reserves policy with setting aside a contingency sum against the need to start again after theft, damage, loss or fraud. All policies are to be regularly reviewed by the trustees.
Objectives and aims
The objectives and aims of the charity is to provide a safe environment for club members and community users to enjoy the sporting and leisure facilities offered.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity enables Ipswich BMX Club to host club events throughout the racing season, and supports personal sporting growth and achievement with regular coaching sessions and gate practise so that riders improve and achieve both personal and club goals.
The clubhouse serves as the hub for all activities to promote sporting abilities, growth/personal development as well as the health/wellbeing of the inhabitants of Ipswich and surrounding areas.
FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to support the continuation of the activities currently in operation for
Principal funding sources
The principal funding source is hosting regional and club racing events and, to a lesser degree, hosting coaching sessions.
Approved by the Board on 4 November 2022 and signed on its behalf by:
Sarah Harris
S Harris Trustee
Sarah-Jane Quick SJ Quick Trustee
Independent Examiner's Report to the Trustees
I report on the accounts of the company for the period ended 31 March 2022, which are set out on the following pages.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for a) examine the accounts under section 145 of the 2011 Act ;
b) follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act ;
and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records and to prepare accounts which accord with the accounting records with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Heelis & Lodge 1 Hembling Terrace Mill Lane Campsea Ashe Woodbridge IP13 0PP
4th November 2022
Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2022
| Note Incoming resources Incoming resources from generated funds Voluntary income 1 Activities for generating funds 2 Total incoming resources Resources expended Costs of generating funds Fundraising trading: cost of goods sold and other costs 3 Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Total Funds Funds 2022 £ £ 358,584 358,584 12,077 12,077 |
|---|---|
| 370,661 370,661 |
|
| 361,922 361,922 |
|
| 8,739 8,739 |
|
| 19,592 19,592 28,331 28,331 |
All incoming resources and resources expended derive from continuing activities.
Balance Sheet as at 31 March 2022
| Note Current assets Cash at bank and in hand Net assets The funds of the charity: Unrestricted funds Unrestricted income funds Total charity funds 5 |
2022 £ 28,331 |
|---|---|
| 28,331 | |
| 28,331 | |
| 28,331 |
Approved by the Board on 4th November 2022 and signed on its behalf by:
Sarah Harris Sarah-Jane Quick
S Harris S Quick Trustee Trustee
Notes to the Financial Statements for the Year Ended 31 March 2022
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Incoming resources
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
1) Voluntary income
----- Start of picture text -----
Unrestricted
Funds
2022
£
Donations and legacies
Grants and donations 358,584
----- End of picture text -----
Notes to the Financial Statements for the Year Ended 31 March 2022
2) Activities for generating funds
| Coaching #1 Acct Coaching #2 Acct Committee Membership Membership Membership - Sign ups on Race Day Go-Ride Race Entries Tuckshop Raffle Tickets Parking #1 Acct Parking #2 Acct Misc Race Tops Race Day Traders - Pitch Fees & Percentage of Take Bikes Bike Hire Transponders Helmets |
2022 £ 30 262 120 745 67 4,056 234 1,295 540 489 98 2,109 1,074 112 566 15 135 130 |
|---|---|
| 12,077 |
3) Total resources expended
| Admin Clubhouse Electricity #2 Acct Tuckshop Staffing / Coaching Fuel - for Generator Fuel - OOP Expenses Legal Advice Equipment Purchases Equipment Hire General Maintenance Track Repairs Affiliation & Race Fees New Track Project New Track Project - Sundries Entertainment / Refreshments Race Tops Misc Planning Application Misc / Event Staging Total |
Total £ 3,276 745 1,082 0 8 1,719 1,062 5,990 511 41 0 585 335,341 7,626 27 1,003 1,521 234 1,152 |
|---|---|
| 361,922 |
Notes to the Financial Statements for the Year Ended 31 March 2022
4) Trustees' remuneration and expenses
No trustees received any remuneration during the period.
5) Analysis of funds
| General Funds Unrestricted income fund |
Incoming Resources B/fwd Resources expended C/fwd £ £ £ £ 19,592 370,661 -361,922 28,331 |
|---|---|
Annual Report and Financial Statements
for the Year Ended 31 March 2022
IPSWICH BMX CLUB
Charity registration number: 1194550
Registered Address: 12 Mill Road, Hempnall, Norwich NR15 2LP
Contents
| Reference and Administrative Details | 3 |
|---|---|
| Trustees' Report | 4 and 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9 to 11 |
Reference and Administrative Details
| Charity name | Ipswich BMX Club |
|---|---|
| Charity registration number | 1194550 |
| Principal office | 12 Mill Road |
| Hempnall | |
| Norwich | |
| NR15 2LP | |
| Trustees | S Harris |
| L Allison | |
| L Matthews | |
| A Booth | |
| M Steele | |
| T Reeve | |
| J Lillingstone | |
| SJ Quick | |
| S Andrews | |
| Auditor | Heelis & Lodge |
| 1 Hembling Terrace | |
| Mill Lane | |
| Campsea Ashe | |
| Woodbridge | |
| IP13 0PP |
Trustees' Report
The trustees present their report with the financial statements of the charity for the ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document.
Recruitment and appointment of new trustees
The charity was newly constituted in May 2021 and trustees were drawn from the existing Club Committee and duly advised on their responsibilities as trustees. No new trustees have been required in this term. If the charity was to appoint new trustees, they would be encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These training sessions cover:-
-
a. The obligations of the Club's Committee members as Trustees.
-
b. The governing document and other main documents which set out the operational framework for the charity including the Memorandum and Articles.
-
c. Resourcing and the current financial position as set out in the latest published accounts.
-
d. Future plans and objectives.
Related parties
The company has no related parties.
Risk management
The trustees have actively reviewed the major risks which the charity faces within this period. Only a few minor risks were identified but it has resulted in better emergency procedures and contingency plans, and has given the impetus for better planning. Particular attention has focussed on non-financial risks arising from fire, and health and safety of participants and spectators. A key element in the management of financial risk was the setting of a reserves policy with setting aside a contingency sum against the need to start again after theft, damage, loss or fraud. All policies are to be regularly reviewed by the trustees.
Objectives and aims
The objectives and aims of the charity is to provide a safe environment for club members and community users to enjoy the sporting and leisure facilities offered.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity enables Ipswich BMX Club to host club events throughout the racing season, and supports personal sporting growth and achievement with regular coaching sessions and gate practise so that riders improve and achieve both personal and club goals.
The clubhouse serves as the hub for all activities to promote sporting abilities, growth/personal development as well as the health/wellbeing of the inhabitants of Ipswich and surrounding areas.
FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to support the continuation of the activities currently in operation for
Principal funding sources
The principal funding source is hosting regional and club racing events and, to a lesser degree, hosting coaching sessions.
Approved by the Board on 4 November 2022 and signed on its behalf by:
Sarah Harris
S Harris Trustee
Sarah-Jane Quick SJ Quick Trustee
Independent Examiner's Report to the Trustees
I report on the accounts of the company for the period ended 31 March 2022, which are set out on the following pages.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for a) examine the accounts under section 145 of the 2011 Act ;
b) follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act ;
and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records and to prepare accounts which accord with the accounting records with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Heelis & Lodge 1 Hembling Terrace Mill Lane Campsea Ashe Woodbridge IP13 0PP
4th November 2022
Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2022
| Note Incoming resources Incoming resources from generated funds Voluntary income 1 Activities for generating funds 2 Total incoming resources Resources expended Costs of generating funds Fundraising trading: cost of goods sold and other costs 3 Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Total Funds Funds 2022 £ £ 358,584 358,584 12,077 12,077 |
|---|---|
| 370,661 370,661 |
|
| 361,922 361,922 |
|
| 8,739 8,739 |
|
| 19,592 19,592 28,331 28,331 |
All incoming resources and resources expended derive from continuing activities.
Balance Sheet as at 31 March 2022
| Note Current assets Cash at bank and in hand Net assets The funds of the charity: Unrestricted funds Unrestricted income funds Total charity funds 5 |
2022 £ 28,331 |
|---|---|
| 28,331 | |
| 28,331 | |
| 28,331 |
Approved by the Board on 4th November 2022 and signed on its behalf by:
Sarah Harris Sarah-Jane Quick
S Harris S Quick Trustee Trustee
Notes to the Financial Statements for the Year Ended 31 March 2022
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Incoming resources
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
1) Voluntary income
----- Start of picture text -----
Unrestricted
Funds
2022
£
Donations and legacies
Grants and donations 358,584
----- End of picture text -----
Notes to the Financial Statements for the Year Ended 31 March 2022
2) Activities for generating funds
| Coaching #1 Acct Coaching #2 Acct Committee Membership Membership Membership - Sign ups on Race Day Go-Ride Race Entries Tuckshop Raffle Tickets Parking #1 Acct Parking #2 Acct Misc Race Tops Race Day Traders - Pitch Fees & Percentage of Take Bikes Bike Hire Transponders Helmets |
2022 £ 30 262 120 745 67 4,056 234 1,295 540 489 98 2,109 1,074 112 566 15 135 130 |
|---|---|
| 12,077 |
3) Total resources expended
| Admin Clubhouse Electricity #2 Acct Tuckshop Staffing / Coaching Fuel - for Generator Fuel - OOP Expenses Legal Advice Equipment Purchases Equipment Hire General Maintenance Track Repairs Affiliation & Race Fees New Track Project New Track Project - Sundries Entertainment / Refreshments Race Tops Misc Planning Application Misc / Event Staging Total |
Total £ 3,276 745 1,082 0 8 1,719 1,062 5,990 511 41 0 585 335,341 7,626 27 1,003 1,521 234 1,152 |
|---|---|
| 361,922 |
Notes to the Financial Statements for the Year Ended 31 March 2022
4) Trustees' remuneration and expenses
No trustees received any remuneration during the period.
5) Analysis of funds
| General Funds Unrestricted income fund |
Incoming Resources B/fwd Resources expended C/fwd £ £ £ £ 19,592 370,661 -361,922 28,331 |
|---|---|