OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

Charity registration number 1199337

EDGBARROW TRAMPOLINE CLUB

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

EDGBARROW TRAMPOLINE CLUB

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S Williams M Williams M Glover K Muir A Macgregor Charity number 1199337 Principal address Brakenhale School Rectory Lane Bracknell Berkshire RG12 7BA Independent examiner Frances Wilde FCCA DChA Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF

EDGBARROW TRAMPOLINE CLUB

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the financial statements 9 - 16

EDGBARROW TRAMPOLINE CLUB

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The promotion of community participation in healthy recreation, in particular the provision of facilities for trampolining.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities

In planning classes for the year, the Charity Commission’s guidance on public benefit was considered. The focus of our classes is the development of a programme of Trampolining activities to encourage health and fitness of benefit to all sections of the community regardless of personal background or circumstances, ability, age, gender or faith.

Each year there is an annual fundraising day. During the day there is a competition open to all participants of the club – both competitive and community led classes. A large number of volunteers give their time to help with marshalling, recording and running stalls to raise funds. In the evening there is an event such as a barndance/quiz or similar where awards and successes are recognised. All profits raised for both events are donated to the Club.

Volunteers

We have a number of regular volunteers providing different services including:

We have an annual ‘clean-up day’ where coaches, parents and children volunteer their time to complete general maintenance, repairs and clean the club from top to bottom. We have a core of 8 adult volunteer helpers who regularly help at this event.

EDGBARROW TRAMPOLINE CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

Significant activities and achievements against objectives

We offer a range of services to support the whole community from Preschool sessions, through primary and secondary aged children to adults. We also offer services to Home Schooled Children, Special Schools, those with SEND and Autism specific classes.

Termtime Programme

Our termtime programme continue to be hugely successful including classes from preschool to adult, Home School classes, Autism sessions and classes run for local colleges and schools. In addition, we run private lessons week day and weekends for SEND, development, Stunt participants.

Below are details of the classes we provide:

Preschool classes during termtime weekday and Saturday. Trampolining developing co-ordination, balance, eyehand movements, jumping and encouraging exercise.

Classes for all abilities from 4/5 school starters up to adult.

We support participants undertaking Duke of Edinburgh, GSCS PE., Stunt Register and support participants improve skills for other sports such as Gymnastics, Wakeboarding, Diving.

We run a number of classes during the day for home educated children.

We run classes for adults and children with SEND. We provide sessions for a local Autism charity each weekend and provide lessons for local SEND schools and colleges.

Structured parties including trampolining, games and climbing apparatus for children.

Private Lessons, bookable in advance, suitable for all abilities. We have a growing number of SEND participants who are unable to manage larger classes.

Stunt Training, bookable private lessons to teach Trampolining skills applicable to the stunt training qualification. Our PAYG sessions are also used to practice skills.

The school we are based in has full use of our equipment during the school day for their students.

EDGBARROW TRAMPOLINE CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

School holidays

Our structured Fun Sessions for children up to 9 years are a great way to encourage exercise, develop coordination and balance. Parents stay throughout the session. These have been extremely popular.

Actvitiy days and camps offering children from 8-14 a chance to try different trampoline/gymnastic activities and crafts.

We have also run successful Stunt Training Camps during the holidays.

For those who wanted more regular sessions, we ran afternoon weekly sessions to keep children active over the holidays.

Fundraising

Our Annual Fundraiser was a great success. A competition for recreational and competitive participants followed by a video horse racing event in the evening along with annual awards.

CPD

Once again coaches and assistants attended Trampoline and Safeguarding courses as necessary.

We had coaches passing Level 1, 2, 3 and High Performance Coach qualifications.

Competitions

We had another successful year for competitions.

Several of our senior competitors retired this year but we have some great up and coming competitors.

We have 3 junior members who represented England in Portugal.

We have a growing number who have competed in the British and English championships.

We also have members representing Portugal, Singapore and Wales.

We are very proud of all our competitors and they have seen considerable success from those competing in Regional competitions to those competing Internationally.

Financial review

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The charity have been working to increase reserves with a view to expanding provision. We were unable to secure new premises, therefore in the next few years will be looking improving our current facility.

We are aware that our facility and equipment will need a significant refresh in the next year or two. This will be a substantial outlay which will need to be funded out of reserves.

We will ensure that we still hold sufficient reserves to cover commitments on any contracted costs for a length of time to cover any unforeseen eventualities.

Structure, governance and management

The charity is a Charitable Incorporated Organisation.

EDGBARROW TRAMPOLINE CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The trustees who served during the year and up to the date of signature of the financial statements were: SWilliams

MWilliams

M Glover

K Muir

A Mac[g] regor

Recruitment and appointment of trustees

Trustee selection methods: Election/Re-election atAGM held in December

Organisational structure

The Club takes the welfare and safety of its members as the highest priority:

Remuneration policy

All trustees give their time voluntarily and receive no remuneration of other benefits.

The trustees' report was approved by the Board of Trustees.

� ��

····················

ams

Chair

Date: ... .'& . l/.[/] ¢J[.{] ?$ ................. .

-4-

EDGBARROW TRAMPOLINE CLUB

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF EDGBARROW TRAMPOLINE CLUB

I report to the trustees on my examination of the financial statements of Edgbarrow Trampoline Club (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Frances Wilde FCCA DChA

Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF

Dated: 24th January 2025

EDGBARROW TRAMPOLINE CLUB

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
2024
Notes £
Income from:
Donations and legacies 3 253,378
Charitable activities 4 329,021
Investments 5 2,257
Total income 584,656
Expenditure on:
Charitable activities 6 302,326
Total expenditure 302,326
Net income and movement in funds 282,330
Reconciliation of funds:
Fund balances at 1 April 2023 -
Fund balances at 31 March 2024 282,330

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EDGBARROW TRAMPOLINE CLUB

BALANCE SHEET

AS AT 31 MARCH 2024

Fixed assets
Intangible assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
2024
Notes
£
11
12
13
6,091
326,404
332,495
14
(70,406)
16		 £
875
19,366
20,241
262,089
282,330
282,330
282,330

The financial statements were approved by the trustees on 24th January 2025

ri1J)J� :i11iams _ff Chair

EDGBARROW TRAMPOLINE CLUB

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from/(absorbed by) operations
18
Investing activities
Transfer from previous charity of intangible assets
Purchase of tangible fixed assets
Transfer from previous charity of tangible assets
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(1,629)
(9,450)
(19,750)
2,257		 £
354,976
(28,572)
-
326,404
-
326,404

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Edgbarrow Trampoline Club is a Charitable Incorporated Organisation.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website 3 years straight line

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 3 or 5 years reducing balance Computers 3 years reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3 Income from donations and legacies
Unrestricted
funds
2024
£
Transfer from unincorporated association charity to new CIO charity 253,378
4 Income from charitable activities
Unrestricted
funds
2024
£
Charitable activities
Fees 287,154
Competitions, clothing, education & BG 24,269
Camps 17,476
Refreshments 122
329,021
5 Income from investments
Unrestricted
funds
2024
£
Interest receivable 2,257

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

6 Expenditure on charitable activities

Charitable
activities
2024
£
Direct costs
Staff costs 187,282
Depreciation and impairment 10,588
Rent 35,957
Competitions, clothing, education & BG 26,262
Camps 20,605
Other operating costs 16,981
Supplies 796
298,471
Share of support and governance costs (see note 7)
Support 3,855
302,326
Analysis by fund
Unrestricted funds 302,326
7 Support costs allocated to activities
2024
£
Insurance 3,692
Bank fees 163
3,855
Analysed between:
Charitable activities 3,855
8 Net movement in funds 2024
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets 9,834
Amortisation of intangible assets 754
9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Intangible fixed assets

Cost
At 1 April 2023 and 31 March 2024
Amortisation and impairment
At 1 April 2023
Amortisation charged for the year
At 31 March 2024
Carrying amount
At 31 March 2024
12
Tangible fixed assets
Fixtures and
fittings
Computers
£
£
Cost
At 1 April 2023
78,083
-
Additions
8,496
954
At 31 March 2024
86,579
954
Depreciation and impairment
At 1 April 2023
58,333
-
Depreciation charged in the year
9,594
240
At 31 March 2024
67,927
240
Carrying amount
At 31 March 2024
18,652
714
13
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 Website
£
6,380
4,751
754
5,505
875
Total
£
78,083
9,450
87,533
58,333
9,834
68,167
19,366
2024
£
1,510
4,581
6,091

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14
Creditors: amounts falling due within one year
Notes
Deferred income
15
Trade creditors
Accruals
15
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Resources deferred in the year
Deferred income at 31 March 2024		 2024
£
43,920
18,625
7,861
70,406
2024
£
43,920
2024
£
43,920
-
43,920
43,920

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds - 584,656 (302,326) 282,330

17 Related party transactions

There were no disclosable related party transactions during the year ( - none).

EDGBARROW TRAMPOLINE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase in creditors
Increase in deferred income
Cash generated from/(absorbed by) operations		 2024
£
282,330
(2,257)
10,588
(6,091)
26,486
43,920
354,976

19 Analysis of changes in net funds/(debt)

The charity had no material debt during the year.