Charity Number - SC050900
Motherwell Athletics Club
Trustees’ Report and Financial Statements For the Year Ended 31 March 2024
Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
Contents
| _________________ | _________________ |
|---|---|
| Page | |
| Reference and Administration | 2 |
| Trustees’ Annual Report | 3-4 |
| Independent Examiner’s Report | 5 |
| Receipts and Payments Account | 6 |
| Statement of Balances | 7 |
| Notes to the Accounts | 8-9 |
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Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
_________________ Reference and Administration
Charity Name Motherwell Athletics Club Charity Number SC050900 Principal Address Trustees (Chair) Appointed 07/09/23 (Vice Chair) (Secretary) (Treasurer) Appointed 07/09/23 (Welfare Officer) (Membership Secretary) (Webmaster) (Media) Appointed 04/05/23 (SE Representative) Appointed 07/09/23 (T&F Representative) Appointed 07/09/23 (Procurement)
Bankers Royal Bank of Scotland Cartsdyke Avenue Greenock PA15 1EF
Independent Examiner
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Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
Trustees’ Annual Report
Structure, Governance and Management
Motherwell Athletics Club is an unincorporated association which is governed by it’s Constitution which was adopted when charitable status was granted on 15 April 2021. The charity is registered in Scotland with the office of the Scottish Charity Regulator (OSCR), with charity number SC050900.
The Charity’s Trustees form the management committee. Appointment to the committee is open to all full members. Members are eligible for election to the committee at the Annual General Meeting. The day to day running of the charity is managed by the trustees who are volunteers.
Objectives and Activities
Charitable purposes
The charity’s purpose is to advance public participation in sport by providing a safe environment which encourages, inspires and enables athletes of all ages, backgrounds, abilities and disciplines to achieve their maximum potential through excellence in coaching, encouragement and support.
Activities
Following a return to our training facility at Wishaw track after the closures in the previous year, this has coincided with improved T&F attendances and our Endurance section continues to grow month on month. We have welcomed new coaches to both T&F and SE during the year with two SE coaches, stepping down after many years of dedication to the club.
Throughout this year we competed in many events, both indoor and outdoor – CSSAL, SAIL, LAAA, YDL, Lanarkshire and Scottish Relays, Scottish Schools Championships, Scottish Age Group Championships and many cross country, long distance and marathon events. Our athletes continued to produce excellent performances across all age groups from U11 to Masters, with several national and international medals, Scotland selections, young athletes in the YDL team and many, many finalists and PBs. Our thanks are due to our coaches who have, as always, worked tirelessly in our training groups.
As we look to the future we will continue our efforts to increase our number of coaches, with support for their training and qualifications, which will enable us to increase our membership and benefit the local community, with plans to bring in a Club Together Officer to help with the long term growth of the club.
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Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
Trustees’ Annual Report
Financial Review
Reserves Policy
The trustees’ policy is to retain a minimum of six month’s expenditure which should ensure that the club will be able to continue with its current level of activities in the event of a significant drop in income. This expenditure currently stands at around £9,000. At the period end the charity held unrestricted free reserves of £29,905. The trustees are, therefore, satisfied that the policy is being met. Funds in excess of the target amount will be reinvested in the charity.
Financial Review
The charity generated a surplus of £7,156 in the year to 31 March 2024. At the balance date reserves were £29,905 all of which are unrestricted.
The trustees declare that they have approved the above report.
Signed on behalf of the charity trustees:
Date: 24[th] April 2024
Approved at AGM: 3[rd ] October 2024
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Report and Accounts for the Year Ended 31 March 2024
Motherwell Athletics Club
Independent Examiner’s Report
Report to the trustees/members of Motherwell Athletics Club
Registered Charity Number SC050900 Accounts of the charity for the period 1 April 2023 to 31 March 2024
Responsibilities of Trustees and Independent Examiner:
The charity trustees are responsible for preparing the accounts in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees have determined that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply in this case.
My responsibility, as the independent examiner, is to examine the accounts in accordance with section 44(1)(c) of the 2005 Act and to report whether any matters require attention.
Basis of the Independent Examiner’s Statement:
My examination has been conducted following Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. It includes reviewing the charity’s accounting records, comparing the accounts with those records, and considering any significant items or disclosures. I have sought explanations from the trustees on any issues arising. My examination provides a limited assurance and does not constitute an audit; therefore, I do not express an audit opinion on the accounts.
Independent Examiner’s Statement:
During my examination, no matters have come to my attention:
-
That gives me reasonable cause to believe that, in any material respect, the requirements to:
-
Keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
Prepare accounts that are consistent with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
- have not been met: or
-
That requires attention to be drawn to any matter to ensure a proper understanding of the accounts is reached.
September 25[th] 2024
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Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
Receipts and Payments Account
| ________________ | ________________ | ________________ | ________________ |
|---|---|---|---|
| Total | Total | ||
| Funds | 2023 | ||
| Notes | £ | £ | |
| Receipts | |||
| Donations | 2 | 36 | 50 |
| Charitable | |||
| activities | 3 | 25,472 | 19,080 |
| Sundry income | 4 | 69 | 0 |
| ------------ | -------- | ||
| 25,577 | 19,130 | ||
| ------------ | ----------- | ||
| Payments | |||
| Charitable | |||
| activities | 5 | 18,420 | 18,140 |
| ------------- | ---------- | ||
| Net receipts | 7,156 | 990 | |
| ======== | ====== | ||
| Net surplus for period | 7,156 | 990 | |
| Funds brought forward | 22,748 | 21,748 | |
| ------------- | ---------- | ||
| Funds carried forward | 29,905 | 22,748 | |
| ======== | ====== |
The notes on pages 8 and 9 form part if these accounts.
All income and expenditure during the period arose in unrestricted funds.
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Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
Statement of Balances
________________
| Total | |
|---|---|
| Funds | |
| £ | |
| Bank balance b/forward | 22,748 |
| Surplus for year | 7,156 |
| -------------- | |
| Closing bank balance | 29,905 |
| ========= |
Signed on behalf of the Trustees:
Date: 24[th] April 2024 Approved at AGM: 3[rd ] October 2024
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Motherwell Athletics Club
Report and Accounts for the Year Ended 31 March 2024
Notes to the Accounts
________________
1. Basis of Preparation
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
| Total | Total | |
|---|---|---|
| Funds | 2023 | |
| £ | £ | |
| 2. Donations | ||
| Donations | 36 | 50 |
| ------------ | -------- | |
| 36 | 50 | |
| ------------ | -------- | |
| 3. Income from Charitable Activities | ||
| Membership | 13,244 | 11,011 |
| Track fees | 8,241 | 8,119 |
| Gift Aid | 3,986 | 0 |
| ------------ | ----------- | |
| 25,471 | 19,130 | |
| ------------ | ---------- | |
| 4. Sundry Income | ||
| Interest | 69 | 0 |
| ------------ | ------------ |
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Report and Accounts for the Year Ended 31 March 2024
Notes to the Accounts
_____________
| 5. Charitable Activities Costs | 2024 | 2023 |
|---|---|---|
| Affiliations and Competition Fees | 1,442 | 3,074 |
| Awards Night | 2,013 | 1,244 |
| Clothing | 200 | 0 |
| Club Championship | 167 | 118 |
| Coaching and Courses | 1,585 | 1,215 |
| Equipment | 2,020 | 224 |
| Functions | 0 | 0 |
| Membership System Fees | 810 | 628 |
| Track Hires | 6,261 | 9,261 |
| Transport | 378 | 191 |
| Vouchers and Gifts | 1,320 | 930 |
| Sundry expenses | 1,154 | 1,254 |
| Subs Repaid | 421 | 0 |
| Boathouse Rent | 500 | 0 |
| Donations | 150 | 0 |
| ------------- | --------- | |
| 18,420 | 18,140 | |
| ------------ | --------- |
6. Related Party Transactions
The trustees received no remuneration or expenses in the period ended 31 March 2024. There were no other related party transactions.
7. Funds Analysis
| 7. Funds Analysis | ||
|---|---|---|
| 2024 | 2023 | |
| Unrestricted Fund | £ | £ |
| Balance b/fwd | 22,748 | 21,758 |
| Receipts | 25,577 | 19,130 |
| Payments | -18,420 | -18,140 |
| ------------ | --------- | |
| Balance c/fwd | 29,905 | 22,748 |
| ------------ | --------- |
Purpose of Funds
The club has only one unrestricted fund, the General fund, to be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day operation of the club.
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