f Lo+W S* (¥+1 THE SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATION ORGANISATION (CIO) FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER 1195164 coNrE]Yrs Pages Trustees, Report 14 Indedent FamIner'S Report Receipts and Payments Account 6&7 Notes to the Financial Staiements
SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATED ORGANISATION (CIO) TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Objectives and Activities The advancement of the amateur sport of archery in the SOLrthern regions of England for the public benefit by the provision of, or assistance in the provision of, facilities for participation in the sport of archery, including by, but without limitation.. Encouraging and assisting with the fonnation and rnaintenan of county associations and amateur archery clubs within the region, and Encouraging and promoting coaching, judging and other development activities and events in the Region. including the development of training, coaching and judging methodologies and to conduct, support and participate in educational, training and competrtive events aimed at developing and improving the archery performance and standards of its Members and others. The trustees have had regard to the guidance issued by the Charty Commission on public benefit. Achlevements and PerfonnanGe The Society organises competitions and supports clubs in the region organising their own competitions and activities. The Society arranges coaching events for the development of clubs and coaches in the region. Due to the impact of Covid-19 in England throughout the period there were no events in the period covered by this report. The Society is able to disburse funds as either a grant or loan to a club or individual, subject to procedures detailed in the constitution. There were grants made to individual archers in the year which amounted to £3,600. (2023 - £4,500) Page (l)
SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATED ORGANISATION {CIO) TRUSTEES. ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Flnancial Revlew The Society is funded by subscriptions from the mernber clubs in the region. There is also investment income from shares held and bank deposits. This income is spent to further the objective8 of the Society. In addition to the money held in UK banks are funds held and managed in a Funds Network portfolio. Income received is re-invested. after the deduction of fees. There were funds transferred into the Society being the value of bank balances, investments and net assets on incorporation. Full detsils are reported in the receipts and payment accounts that follow this report. There were reIptS in the year of £27,866 (2023 - £34,861) and after payments of £16,769 (2023 - £22.370) there was a surplus of £11,097 (2022 - £12,491). There were loans repaid to the Society in the year of £1,000 (20223- £1.000). The Society had cash reserves at the 31 December 2024 of £87.507. In accordance with the objectives of the Society there have been loans to member clubs and the value ovRd to the Society at 31 December 2024 were £17,366 (2023 - £18,366). In addition to this there were investments held by the Society with historic cost of £86,066 (2023 - £84,545). These had a value at 31 December 2023 of £187,821 (2023 - £202.722). Re8erve8 Pollcy The Society maintains a reserve so that it could respond to unforeseen needs of the member clubs and individuals. They are also long-term plans for the establishment of a central archery centre for the region, but no suitable locats'on has yet been identified for this by the Society. The Trustees consider that the present situation with their investments and bank balances is sound. They will continue to review the situation regularly, and will adjust it as necessary, to ensure the future viability of the Society. Pa8e (2)
SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATED ORGANISATION (CIO) TRUSTEES. ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Structure, Govemance and Management The charity is a Charitable Incorporated Organisation. registered on 14 July 2021. The Society is a regional society of the Grand Nats'onal Archery Society (GNAS). The Society has a constitution and rules by which rt is governed, the most recent being those established on incorporation. Appolntment and Ro4ppolntment of Trustees The constitution documents that there should be at least six Trustees of the Society, but there is not a maximum number. Trustees should be over 16 years old. but there must be at least one Trustee over 18 years old on the board of Trustees. At each Annual General Meeting of the members of the CIO one third of the Trustees are required to retire from offi. The Trustees retire by rotation by reference those who have been longest in office. Where the date of appointment is the same then the Trustees to retire are determined by lot, unless there is some other mutual agreement between the Trustees. Trustees required to retire by rotation are eligible for re-appointment at the same meeting. Trustees must expressly acknowledge their acceptance into the position prior to appointment. Trustee knowledge is kept up to date by attendance at meetings, attending any training courses and undertaking any technical reading in respect of any legislation changes. Page (3)
SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATED ORGANISATION ICIO) TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Reference and Administrative details Charity name Southem Counties Archery Society Registered chaiity number 1195164 Charity's principal address 200 Upper Road Kennington Oxford OX15LR Trustees: Mr R J Beaney Dr S L R Ellison Mr C Fletcher-campbell Mrs K A Lipscomb Mr D J Lovell MBE Mr A B Purser Mr P R Watson Accountant.. Vineyard Accountsnts Ltd Bankers: Ctroperative Bank Triodos Bank National Westminster plc Investment Managers: Funds Networt( There were no funds held as a custodian Trustees on behalf of others. D•claration The trustees declare that they have approved the Trustees, report above. Signed on behalf of the board of Trustees '. Mr C Fletcher-campbell ate: Pag¢ {4)
THE SOUTHERN COUNTIES ARCHERY SOCIETY REPORT OF THE INDEPENDENT EXAMINER YEAR ENDED 31 DECEMBER 2024 I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2024 set out on pages 6 to 8. Responsib1151ies As the charity's trustees, you are responsible for the preparation of the accounts in and basis of report accordance with the requirements of the Charities Act 2011. I report in respect of my examination of th¢ Trust's accounts carrled out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(SXb) of the Acl. Independent examiner's statement I have completed my examination. I confirni that no material matters have come to my attenlion in connection with the examination which gives mc cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of th¢ Charities Act; or the accounts did not accord with the accounlin8 records. or the accounts did not comply with the applicable requirements concerning the forni and content of accounts s¢t oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thai the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wilh the examination lo which attcntion should bc drawn in this rcport in order to enable a proper understanding of ihe accounts to bc rcachcd. A N Poyton FCCA Vineyard Accountants Ltd Chartered Certified Accountants Abingdon-on-Thames Date . Page (5)
SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATED ORGANISATION (CIO) RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 DECEMBER 2024 Section A.. Receipts and payments Unre8trlctsd fvnds R•$tric¢•d lund8 Endowm•nt funds 2024 2023 Recelpts SCAS 8ub8cription$ Tournament inc4Jrne Dividend Income Bank interest re¢6fved 20.204 20.204 500 6.106 1.057 28.698 1,669 5,747 7(XJ 6.106 1.057 Sub tot•1 27.806 27,888 34.861 Invo8tment 8al•8 and 104n r•paym•nt• 1,000 1,000 Tot•1 r•c•lpts 28,866 36,861 P¥ymen¢o FITA and recNd ststU$ P8ym•nts Tournament expenditure Judge$ training costs and uniform Engllsh thhery Federation grant Archery G8 9r8nt Granis lo archern Travel exp8n8e$ Development officer Costs Counol m*•tr'ng8 Websrte costs A¢¢ount8 and examinats.on -ClO Duplie8tion of payment for accounts and examination-clo Corp¢rats"on tax 185 4,022 8,556 4,992 500 4,51)J 4.568 4.568 4,306 500 3,600 2.033 2.033 460 1.170 1,238 330 1,110 1.170 11,Cf2) 133 133 Sub totsl 16.769 16.769 22,370 Inve8tm•nt purchas and loan• 1#sued I wrltten off Tor•lwym•nt¥ 16.769 16,769 22.370 N•t of w91p{PaYM•n1Sj Transfgr• be1wll fund• Cuh fund8 last year end Cash funds thls •nd 12.097 12.097 13,491 75.410 87.507 75,410 87.507 61,919 75,410 Page161
SOUTHERN COUNTIES ARCHERY SOCIETY CHARITABLE INCORPORATED ORGANISATION ICIOI RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 DECEMBER 2024 Section B: Statement of assets and Ilabilities at the end of the period C•tegorlo• Dètall• Unre8tslct•d Rostrf¢t•d fund funds Endowment funds Cash funds Communty account Capital Reserve ac¢thJrrt Coaching acccJnt Judges arxwnl Tothibank and ¢a$h fun(ts 29.476 53.459 1055 1517 87,507 Unre8tdcted fund• Re8trl¢trd fund• Endowment fund¥ Othor monetary a*•èts Lo8n$ to dubs (nots 31 17,366 Fund to whlch long• Co•t loptlonall Current vAIu• lopvonall Inv•8tm•nt assets Inoto 21 Fidelty & Portlollo BP PLC -25.740 Ordinary sh81•8 UnT•#tdet•d 92.549 3,517 86,663 101,108 Unr••trtthd Fund to whlch a•s•¢ b¥long• Co•t {aptitsn•ll Currtrnt valu? loptlonill Assets iètalned for the charlty'B In use Fund to whlch Illblllty Amountdu• {opUonall When due loptlono11 Llabllltles AccountsnGy Independent Examination Less." payment made alroaty Unre&tri¢#¢d Unr•dri¢ted 360 . sqned on behalf ol the Boar¢J ol TruBtees C FLETCHER-CAMPBELL Page171