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2020-12-31-accounts

Charity registration number: 212940

Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Annual Report and Financial Statements

for the Year Ended 31 December 2020

Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Contents

Reference and Administrative Details ]
Trustees’ Report 2
Statement ofTrustees' Responsibilities 3
Independent Examiner's Report 4
Statement ofFinancial Activities 5 to 6
Balance Sheet 7
NotestotheFinancialStatements 8to16

Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Reference and Administrative Details

Trustees —MeM-Ehs-Cheiref trustees Mr A Williamson Principal Office Chart Road Great Chart Ashford Kent TN23 3AE Charity Registration Number 212940 Independent Examiner Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.

Objectives and activities

Objects and aims

The objective of the charity is to encourage skill in marksmanship by providing instruction and practice in the use of arms to any of Her Majesties Subjects, so that they will be better fitted to serve their country in the Armed Forces, Territorial Army or any other organisation in which their service may be required in times of peril, in defence of the realm.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Structure, governance and management

Nature ofgoverning document

The charity is governed by the club's constitution.

Recruitment and appointment oftrustees

Where there is a requirement for new trustees, these would be identified and appointed by the Management Committee.

Induction and training of trustees

The chair of trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibility, the constitution, administrative procedures, the history and the objectives of the charity. A new trustee would receive copies of the previous year's annual report and accounts and a copy of the Charity Commission leaflet 'The Essential Trustee: What you need to know’.

Arrangements for setting key management personnel remuneration

None of the trustees or members of the Management Committee received any remuneration during the year.

The annual report was approved by the trustees of the charity on 224:24 and signed on its behalf by:

Mr A Williamson Trustee

Page 2

Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The 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 trustees of the charity on Aodhan and signed on its behalf by:

Mr A Williamson Trustee

Page 3

Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Independent Examiner's Report to the trustees of Ashford and District Rifle Club

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 5 to 16.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Ashford and District Rifle Club you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

] report in respect of my examination of the Ashford and District Rifle Club's accounts carried 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(5)(b) of the Act.

Independent examiner’s statement

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

  1. accounting records were not kept in respect of Ashford and District Rifle Club as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that 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 with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr D Payne FCCA Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ

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Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Statement of Financial Activities for the Year Ended 31 December 2020

Total
Unrestricted Restricted 2020
Note £ £ £
Income and Endowments from:
Donations and Subscriptions 26,961 30.881 57,842
Charitable activities 1,868 - 1,868
Investment income 4 6 < 6
Other income 643 - 643
Total Income 29,478 30,881 60,359
Expenditure on:
Raising funds (3.847) - (3.847)
Charitable activities (17,619) - (17.619)
Total Expenditure (21,466) - (21,466)
Net movement in funds 8.012 30,881 38,893
Reconciliation offunds
Total funds brought forward 49,241 21,733 70,974
Totalfundscarriedforward 17 57,253 52.614 109,867

The notes on pages 8 to 16 form an integral part of these financial statements. Page 5

Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted Restricted Total
funds funds 2019
Note £ 2 =
Income and Endowments from:
Donations and Subscriptions 18,026 13,833 31,859
Charitable activities 6,813 - 6,813
Investment income 4 3 - 3
Other income 2.049 - 2.049
Total income 26,891 13,833 40,724
Expenditure on:
Raising funds (11,454) - (11,454)
Charitable activities (12,200) - (12,200)
Total expenditure (23,654) - (23,654)
Net income 3,237 13,833 17,070
Net movement in funds 3,237 13,833 17,070
Reconciliation offunds
Total funds brought forward 46,004 7,900 53,904
Totalfundscarriedforward 17 49,241 21,733 70,974

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 8 to 16 form an integral part of these financial statements. Page 6

Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

(Registration number: 212940) Balance Sheet as at 31 December 2020

2020 2019
Note £ £
Fixed assets
Tangible assets 12 77,014 52,187
Current assets
Stocks 13 2,576 2,421
Debtors 14 1,901 1,897
Cash at bank and in hand 15 33,272 19,070
37,749 23,388
Creditors: Amounts falling due within one year 16 (4,896) (4,601)
Net current assets 32,853 18,787
Net assets 109,867 70,974
Funds ofthe charity:
Restricted income funds
Restricted funds 52,614 21,733
Unrestricted income funds
Unrestricted funds 57,253 49,241
Totalfunds 17 109,867 70,974

The financial statements on pages 5 to 16 were approved by the trustees, and authorised for issue on 4.4 2:2.... and signed on their behalf by:

Mr A Williamson Trustee

The notes on pages 8 to 16 form an integral part of these financial statements. Page 7

Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Ashford and District Rifle Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised asa liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raisingfunds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Asset|class|Depreciation|method|and|rate| |Shooting|ranges|15|years|straight|line| |Furniture|and|equipment|-|Pre|||January|2016|4%|reducing|balance.| |Furniture|and|equipment|-|Post|||January|2016|5|years|straight|line.| |Furniture|and|equipment|- Gun|room|15|years|straight|line|

----- End of picture text -----

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

2 Income from donations and subscriptions

Unrestricted
funds Restricted Total
General funds funds
£ £ £
Grants, including capital grants 12,001 30,881 42,882
Subscriptions 14,960 - 14,960
Total for 2020 26,961 30,881 57,842
Totalfor2019 18,026 13,833 31,859

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

3 Income from charitable activities

Unrestricted
funds Total
General funds
£ £
Range Range
1,868 1,868
Total Total for2019 6,813 6,813
4 Investment income
Unrestricted
funds Total
General funds
£ £
Interest receivable and similar income;
Interest receivable on bank deposits 6 6
Total for 2020 6 6
Totalfor2019 3 3
Range
Total for2019 2019

4 Investment income

5 Other income

Unrestricted
Total Total
General 2020 2019
£ £ £
Annual Dinner z = 904
Catering income 139 139 551
Other income 504 504 594
643 643 2,049

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

Total funds £

a) Costs of trading activities

Unrestricted
funds Total
General funds
Note £ £
Costs ofammunition sold 709 709
Range costs 2,511 2,911
Other direct costs ofactivities for generating funds 627 627
Total for 2020 3,847 3,847
Total for 2019 11,454 11,454
Total
costs
£
7
Expenditure on charitable activities
Unrestricted
funds Total
General funds
Note £ £
Allocated support costs 17,019 17,019
Governance costs 600 600
Total for 2020 17,619 17,619
Totalfor2019 12,200 12,200

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Ashford and District Rifle Club (Incorporating 1st Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

8 Analysis of governance and support costs

Governance costs

Unrestricted
funds Total
General funds
£ £
Independent examiner fees
Examination ofthe financial statements 600 600
Total for 2020 600 600
Totalfor2019 780 780

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

10 Independent examiner's remuneration

----- Start of picture text -----
2020 2019
£ £
Examination of the financial statements 600 780
----- End of picture text -----

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Tangible fixed assets

12 Tangible fixed assets
Shooting Furnitureand
ranges equipment Total
£ £ 2
Cost
At January 2020 32,101 35,872
Additions 27,714 1,300 29,014
At 31 December 2020 59,815 37,172 96,987
Depreciation
At January 2020 5,334 10,452
Charge for the year - 4,187 4,187
At 31 December 2020 5,334 14,639 19,973
Net book value
At 31 December 2020 54,481 22,533 77,014
At 31 December 2019 26,767 25,420 52,187
13 Stock
2020 2019
£ £
Stocks 2,576 2,421

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

14 Debtors

2020 2019
£ £
Prepayments 1,901 1,897
15 Cash and cash equivalents
2020 2019
£ £
Cash on hand 25 100
Cash at bank 33,247 18,970
33,272 19,070
16 Creditors: amounts falling due within one year
2020 2019
£ £
Accruals 4,896 4,601
17 Funds
Balance at 31
Balance at 1 Incoming Resources December
January 2020 resources expended 2020
£ £ £ £
Unrestricted
General 43,663 29,478 (21,466) 51,675
Designated 5,578 - - 5,578
Total unrestricted 49,241 29,478 (21,466) 57,253
Restricted 21,733 30,881 - 52.614
Totalfunds 70,974 60,359 (21,466) 109,867

The specific purposes for which the funds are to be applied are as follows:

Designated

For the construction of 50m outdoor range.

Restricted

The restricted funds are for the 50m outdoor range.

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Notes to the Financial Statements for the Year Ended 31 December 2020

18 Analysis of net assets between funds

Total funds at
Unrestricted funds Restricted 31 December
General Designated funds 2020
£ £ £ £
Tangible fixed assets 22,532 5,035 49,447 77,014
Current assets 34,039 543 3,167 37,749
Current liabilities (4,896) - - (4.896)
Total net assets 51,675 5,578 52.614 109,867
Total funds at
Unrestricted funds Restricted 31 December
General Designated funds 2019
£ £ £ £
Tangible fixed assets 25,420 5,034 21,733 52,187
Current assets 22,846 542 - 23,388
Current liabilities (4,601) - - (4,601)
Totalnetassets 43,665 5,576 21,733 70,974

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Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Total Total
2020 2019
£ £
DonationsandSubscriptions
Grants receivable 20,881 13,833
Grants receivable 10,000 .
Grants receivable 12,001 -
Subscriptions 14 960 18026
57,842 31,859
Charitable activities
Range income 1,868 6,813
1,868 6,813
Investmentincome
Interest on cash deposits 6 3
scien ee
Other income
Annual Dinner - 904
Catering income 139 BH
Other income 504 594
643 2,049
Raisingfunds
Annual dinner - (817)
Opening stock (2,421) (3,174)
Range costs (2,511) (4,962)
Ammunition (864) (3,914)
Catering supplies (229) (610)
Trophies and engraving (398) (398)
Closing stock 2,576 2,421
(3,847) (11,454)
Charitable activities
Rates (249) (230)
Light, heat and power (1,386) (1,989)
Repairs and maintenance (3,832) (392)
Sundry (446) (122)
Legal, professional and subscriptions - (36)
Rent (1,957) (2,140)
Insurance (3,823) (1,442)
Telephoneandfax (803) (682)

This page does not form part of the statutory financial statements. Page 17

Ashford and District Rifle Club (Incorporating Ist Battalion Kent Home Guard Rifle Club)

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Total Total
2020 2019
£ £
Printing, postage and stationery (336) (209)
Depreciation ofplant and machinery (4,187) (4,178)
Accountancy (600) (780)
(17.619) (12,200)

This page does not form part of the statutory financial statements. Page 18