## **Ramsgate Active Education Foundation** ## **REGISTERED CHARITY NUMBER: 1194833** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 June 2024** 1 ## **Contents** Report of the Trustees Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 2 ## **Report of Trustees** For Year Ended 30 June 2024 The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by the Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity Number: 1194833 ## **Principal address:** 23 Green Road BIRCHINGTON Kent CT7 9JZ ## **Trustees:** As per our constitution, all members of the committee are trustees. The named contacts for the Charities Commission are currently: - James Richard Lawson (Chairperson) - Gemma Louise Lawson - Sam Perkins - Daniel Whitehead - Mike Darling - Ian Posnett - Elliot Austin ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** **Governing Document** The charity is governed by its constitution as a charitable incorporated organisation (CIO). **Risk Management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **OBJECTIVES AND ACTIVITIES** **Principal Activity** The charity's principal activities are to advance education and promote community participation in healthy recreation by providing and supporting opportunities for children and young people to engage in sport and physical activity. ## **ACHIEVEMENTS AND PERFORMANCE** 3 The charity successfully continued to provide its services and achieved its charitable objectives during the year. Sporting activities and development sessions for young people were delivered throughout the year. ## **FINANCIAL REVIEW** Membership income for the year amounted to £214,739. Expenditure for the year totalled £208,327 resulting in a surplus of £6,412. Cash reserves at year-end stood at £11,849.89, and an outstanding creditor of £17,850 to Ramsgate Football Club (85) Ltd is included in current liabilities, resulting in net assets of (£6,000.11). Trustees are satisfied with the operational performance and will continue to monitor cashflow closely. ## **FUTURE PLANS AND COMMITMENTS** The charity will continue to provide educational and recreational activities aimed at encouraging participation among young people and strengthening ties within the local community. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The trustees are required to: - Select suitable accounting policies and apply them consistently; - Observe the methods and principles in the Charity SORP; - Make judgements and estimates that are reasonable and prudent; - Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue. The trustees are responsible for ensuring proper accounting records are kept, safeguarding the charity’s assets, and ensuring compliance with the Charities Act 2011. ON BEHALF OF THE BOARD: James Richard Lawson - Trustee 4 ## **Independent Examiner’s Report to the Trustees of Ramsgate Active Education Foundation** For Year Ended 30 June 2024 ## **Respective Responsibilities of Trustees and Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act; - Follow the procedures laid down in the General Directions given by the Charity Commission; - State whether particular matters have come to my attention. ## **Basis of the Independent Examiner’s Report** My examination was carried out in accordance with the General Directions issued 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”. ## **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 have not been met; or 2. To which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Wendy Tetley CGMA (Membership I3C3) 5 ## **Statement of Financial Activities (SOFA)** **For the year ended 30 June 2024** |**Description**|**2024 (£)**|**2023 (£)**| |---|---|---| |**Incoming Resources**||| |Membership Income|214,739|245,963| |**Total Incoming Resources**|214,739|245,963| |**Resources Expended**||| |Direct Costs|-38,496|-48,661| |Wages|-34,130|-53,030| |Subcontractors (Ref/Coaches)|-31,981|-31,614| |Premises|-92,950|-83,704| |Promotion and Advertising|-2,665|-60| |Professional Fees|-6,084|-6,894| |Insurance|-1,970|-84| |Bank Charges|-50|0| |**Total Resources Expended**|-208,327|-257,210| |**Net Movement in Funds**|**6,412**|**-11,247**| ## **Balance Sheet** ## **As at 30 June 2024** |**Description**|**2024 (£)**|**2023 (£)**| |---|---|---| |Cash at Bank and In Hand|11,849.89|1,432.07| |Creditors: Amounts falling due within 1 year|-17,850.00|-12,550.00| |**Net Assets**|-6,000.11|-11,117.93| APPROVED BY THE BOARD OF TRUSTEES: James Richard Lawson – Trustee 6 ## **Notes to the Financial Statements** ## **1. Accounting Policies** The financial statements have been prepared on a receipts and payments basis in accordance with applicable accounting standards, the Charities Act 2011, and the Charity SORP. ## **2. Incoming Resources** All income during the year was derived from membership subscriptions and related activities. ## **3. Resources Expended** Resources expended include direct operational costs, staff and subcontractor costs, premises rental, insurance, and governance expenses. ## **4. Related Party Transactions** During the year, the charity received £15,000 from Ramsgate Football Club (85) Ltd and repaid £9,700. At year-end, a balance of £17,850 remained payable. A further £67,200 was paid to Ramsgate Football Club for premises rental and services. ## **5. Trustee Remuneration and Benefits** No trustee received any remuneration, benefits, or expenses during the year. ## **6. Employees** No employee received emoluments exceeding £60,000. ## **7. Prior Year Comparatives** The comparatives for the year ended 30 June 2023 were prepared on an accruals basis, while the current year figures are prepared on a receipts and payments basis. Comparative figures have been reclassified where necessary for consistency. 7 ## **Detailed Statement of Financial Activities (Expanded Breakdown)** ## **For the Year ended 30 June 2024** |**Description**|**2024 (£)**| |---|---| |**Income**|| |Membership Income|214,739| |**Expenses**|| |Direct Costs (kits, sundries)|38,496| |Wages|34,130| |Subcontractors (Refs, Coaches)|31,981| |Premises Rental and Services|92,950| |Promotion and Advertising|2,665| |Professional Fees (Accountancy)|6,084| |Insurance|1,970| |Bank Charges|50| |**Total Expenditure**|208,327| |**Net Surplus for the Year**|6,412| 8