**Charity No: 1200898**
## **Annual Report and Accounts of the**
## **London Historical Fencing Club**
## **Trustees’ Report for the Year Ended 31[st] July 2023**
The London Historical Fencing Club is registered with the Charity Commission of England and Wales with registration number 1200898.
The charity was set up to provide an incorporated successor to the London Historical Fencing Club (Charit no: 1181581)
## **Charitable Objectives**
Our charitable purpose as set out in our governing documents is:
The promotion of community participation in healthy recreation and in particular by the promotion of Historical European Martial Arts by providing training, scholarships, competitions and tournaments and in other such ways as the trustees think appropriate.
## **Strategic Overview**
The main purpose of this year’s activity is simply to transfer the administrative structures of the unincorporated club to the incorporated entity, as well as setting up a bank account for the new club.
Once in place, our main objective is to secure a permanent venue for the club. To this end financial modelling has been undertaken to underpin a business and applications for finance if necessary.
These processes are ongoing at the time of writing and the intention is for the club to be fully up and running by the time of the 2024 Annual General Meeting.
## **Charitable Activities**
The club’s activities to further its objectives have been the administration necessary to create the new incorporated entity and the planning to take on a permanent venue.
## **Administrative Activities**
## **Appointment of Trustees**
The following trustees have been appointed in accordance with the Constitution:
- Daniel Weir
- Amber Chester
- Owen Hahn
All three trustees have been long standing members of the unincorporated LHFC but are not currently trustees of it and have no conflicts of interest.
These trustees will be responsible for the opening administrative activities of the CIO.
## **Bank Account**
Efforts have been made to secure a bank account. This has proved surprisingly difficult as the majority of banks enquired about do not accept CIOs as customers. An application with HSBC was also declined for unknown reasons. At the time of writing it is expected that a bank account with the National Westminster Bank plc will be established.
## **Transfer of Assets and Membership from LHFC**
Until a bank account is set up, it is not possible to for the unincorporated LHFC to wind up and transfer its assets to the new incorporated entity.
It is expected that LHFC will authorise this transfer at their 2023 annual general meeting. The transfer will take place once a bank account is in place to accept it.
## **Policies**
Appropriate policies have been adopted for the running of the CIO, in accordance with charity commission guidance.
## **Venue Project Financial Modelling**
The Trustees engaged an accountant to produce a financial model to determine the feasibility and requirements of acquiring a permanent venue. The model was presented in July 2023 and indicates that establishing a venue is within the club’s capabilities.
The Trustees have therefore resolved to move forward with the venue project, with the aim of establishing the club in a permanent venue by the close of the 2023-24 reporting period.
## **Evaluation**
Despite some unavoidable delays, the club is well on course to taking over the responsibilities of the unincorporated association and to establish ourselves in a permanent venue. When achieved, this will dramatically increase our capability to fulfil our charitable objectives.
Approved by the Management Committee and signed on its behalf by
……….
Daniel Weir (Trustee)
Date
03/04/2024
## **Annual Return**
## **Responsibilities of the Trustees**
The Trustees have responsibilities to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the trustees should follow best practice and:
- Select suitable accounting policies and then apply them consistently
- Make judgments and estimates that are reasonable and prudent; and- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
- The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charity Law.
Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
Approved by the Management Committee and signed on its behalf by
……….
Daniel Weir (Trustee)
Date 03/04/2024
## **The London Historical Fencing Club**
## **Charity No: 1200898**
## **Receipts and Payments Account**
## **For the year ended 31[st] July 2023**
## **Receipts**
|Donations
Grants
Sales
**Total Receipts**
**Payments**
Grants out
Administration
Venue hire
**Total Payments**
**Net Receipts**
**Funds brought**
**forward**
**Funds carried**
**forward**|Unrestricted funds
Restricted funds
2023 Total
2022 Total
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||0.00
0.00
0.00
0.00|
||Unrestricted funds
Restricted funds
2023 Total
2022 Total
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-|
||-
-
-
-|
||-
-
-
-
-
-
-
-|
||0.00
0.00
0.00
0.00|
## **London Historical Fencing Club**
## **Charity No: 1200898**
## **Balance Sheet as at 31[st] July 2023**
|**Balance Sheet as at 31st July 2023**||
|---|---|
|Notes
**Tangible Assets**
Fixed assets
**Current Assets**
cash at Bank/in hand
**Current Liabilities**
Creditor and accruals
(amounts falling due within one year)
Net Current Assets
**Net Assets**
**Funds and Reserve**
Unrestricted funds
Restricted funds
**Total**|**2023**
**2022**
Total
Total
£
£
-
-
-
-
-
-|
||-
-
-
-|
||-
-|
||-
-
-
-
-
-|
||0.00
0.00|
Approved by the Management Committee and signed on its behalf by
……….
Daniel Weir (Trustee)
Date 03/04/2024
## **London Historical Fencing Club**
## **Charity No: 1200898**
Note on the Receipts and Payments Account
For the year ended 31[st] July 2023
## **1.a) Accounting Policies**
This financial statement ha been prepared in accordance with Accounting and the Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **b) Fund Accounting**
Unrestricted funds are receipts generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are subject to restrictions on their payments imposed by the funder or through the terms of an appeal.
**c) Receipts:** All receipts are included in the Receipts and Payments Account which are received during the year.
**d) Payments:** All payments are recognised in the period in which they are incurred. Some of the expenses incurred this year but spent from last year restricted funds.
**e)Tangible Fixed Assets and Depreciation:** Any Assets more than £200.00 will be count as an fixed assets. Depreciation is provided to write off the assets in equal instalments over their useful lives.
Fixtures & Fittings 20% straight line method
Computer 25% straight line method
|**2. Creditors & Accruals**
All creditors
**Total**
**3. Fixed Assets**
Cost
Depreciation
As at 03/11/2022
Charge for the year
As at 31/07/2023|**2023**
**2022**
**£**
**£**
-
-|
|---|---|
||0.00
0.00|
||**2023**
**2022**
**£**
**£**
-
-
-
-
-
-
-
-|
||0.00
0.00|