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Company number
:
06496769
|
For the year ended 31 March 2020
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2020
ABC Training Trust
Contents Page
1 to 2
Report of the Trustees
3
Independent Examiner's Report to the Trustees
4
Statement of Financial Activities
5
Statement of Financial Position
6 to 13
Notes to the Financial Statements
3
For the year ended 31 March 2020
ABC Training Trust
Report of the Trustees
The Trustees
,
who are also directors for the purposes of company law
,
have pleasure in presenting their report and the
|
financial statements for the charitable company for the year ended
31
March
2020
.
The Trustees have adopted the
|
provisions of 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 the Republic of Ireland
(
FRS
|
102
) (
effective
1
January
2019
).
|
OBJECTIVES AND ACTIVITIES
Objectives and aims
ABCTT strategic objectives"To develop climbers through quality coaching."The ABC Training Trust seeks to provide a syllabus for youth climbers to use on artificial climbing structures for both climbing and bouldering, and to support this syllabus by supporting coaches and structures in best practice. The principal objectives of the charity are to:. Promote safety and community participation in healthy recreation and sport. . Advance the education of the public with a non-exclusive focus on climbing and associated activities by in particular (but without limitation to) providing a nationally recognised accreditation scheme to individuals participating in climbing on artificial climbing structures. . Provision of such facilities or items for education at school (not provided from statutory funds)as the committee shall from time to time determine.
|
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. The Trust has carried out its objectives through the NICAS and NIBAS schemes in accordance with the objects of it governing document. It has introduced over 130,000 young people to indoor climbing and coached their development in indoor climbing activities in a structured manner. It has advised and trained staff from many climbing centres in coaching techniques and established a Coach Development Team to further impact upon the quality of coaching for those following our schemes. The Trust, through its media activities and web presence has promoted the benefits of indoor climbing to the general public. The growth of the NIBAS scheme is extending the reach and impact of ABCTT in achieving its aims, providing a variety in its schemes that enables access to a wider range of people.
|
The ABCTT holds funds from its trading reserves. As described above, the current financial risk is low however the Trust has a policy to hold a reserve of £50,000 to cover six month's operating costs.In accordance with prudent financial review and good governance, this sum is held in an interest-bearing notice deposit account with Cambridge & Counties Bank, which is an entirely separate organisation to CAF Bank who provide the day to day current and instant access interest-bearing deposit account facilities. All bank accounts held by the ABCTT are covered up to £85,000 under the Financial Services Compensation Scheme.
|
STRUCTURE
,
GOVERNANCE AND MANAGEMENT
|
Recruitment and appointment of trustees
|
Trustees can be co-opted throughout the year to the board when vacancies arise. They are formally elected into post at the ABCTT's AGM.
|
REFERENCE AND ADMINISTRATIVE INFORMATION
|
ABC Training Trust
Charity registration number
|
1123559
06496769
Company registration number
|
1 of 13
4
For the year ended 31 March 2020
ABC Training Trust
Report of the Trustees Continued
The trustees and officers serving during the year and since the year end were as follows:
Lee Browning
(
Appointed
:
05
July
2018
)
|
Jonathan Chittenden
Benjamin Levey
Andrew Link
Carys Rowlands
David Stainthorpe
Edwin (Dean) Straw
Jeremy Tapping
Ian Taylor
(
Appointed
:
20
December
2018
)
|
Andrew M Wells FMAAT
99 Western Road
Lewes
East Sussex
BN7 1RS
.............................................................................
|
Approved by the Board of Trustees and signed on its behalf by
|
2 of 13
5
For the year ended 31 March 2020
ABC Training Trust
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2020.
|
Responsibilities and basis of report
|
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
|
Independent examiners statement
|
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
:
|
1
.
accounting records were not kept in respect of the Company as required by section
386
of the
2006
Act
;
or
|
2
.
the accounts do not accord with those records
;
or
|
3
.
the accounts do not comply with the requirements of section
396
of the
2006
Act 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
;
or
|
4
.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended
|
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
|
Financial Reporting Standard applicable in the UK and Republic of Ireland
(
FRS
102
).
|
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
.
|
Andrew M Wells FMAAT
99 Western Road
Lewes
East Sussex
BN7 1RS
27 January 2021
3 of 13
6
For the year ended 31 March 2020
ABC Training Trust
Statement of Financial Activities (including Income and Expenditure Account)
2019
2020
Income and endowments from
:
|
25,033
20,450
25,033
-
2
105,404
90,949
-
105,404
3
5,447
6,052
-
5,447
4
988
760
-
988
5
136,872
118,211
25,033
111,839
(98,818)
(25,033)
(123,851)
(113,632)
6
(123,851)
(113,632)
(25,033)
(98,818)
13,021
4,579
-
13,021
Total funds brought forward
|
144,608
149,187
-
149,187
Total funds carried forward
|
162,208
-
162,208
149,187
4 of 13
7
ABC Training Trust
Statement of Financial Position
2020
2019
13,000
14,689
12
9,841
26,013
13
Debtors
189,362
152,640
212,203
193,342
Creditors
:
amounts falling due within one year
|
(49,994)
(44,154)
14
Net current assets
162,209
149,188
Total assets less current liabilities
|
162,209
149,188
Net assets
162,209
149,188
Unrestricted income funds
|
15
162,208
149,187
162,208
149,187
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
|
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by
:
|
17 January 2021
5 of 13
8
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. ABC Training Trust 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 note(s).
|
The financial statements are prepared, on a going concern basis, under the historical cost convention.
|
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
|
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. Support costs are those functions that assist the work of the charity but do not directlyundertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts artistic programmes and activities.
|
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
|
Stocks and work in progress
|
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2
.
Income from donations and legacies
|
2019
2020
20,450
25,033
20,450
25,033
6 of 13
9
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
Analysis of grants received
|
2020
2019
25,033
20,450
Sport England
20,450
25,033
3
.
Income from charitable activities
|
2019
2020
Coaching
8,797
10,233
Primary centre registration
10,619
10,842
Awarding centre registration
85,988
69,874
Logbook sales
105,404
90,949
90,949
105,404
4
.
Income earned from other activities
|
2019
2020
6,052
5,447
Other income
6,052
5,447
2019
2020
988
760
760
988
7 of 13
10
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
6
.
Costs of charitable activities by fund type
|
2019
2020
Direct cost
Staff costs
-
wages
&
|
salaries
|
20,000
2,275
17,725
-
Staff costs
-
social security
|
costs
|
2,165
-
2,165
-
Logbook costs
3,420
-
3,420
11,221
Carriage
3,478
-
3,478
3,185
Seminar costs
310
200
110
-
Executive officer costs
219
219
-
9,879
Meeting costs
8,396
634
7,762
4,350
Training costs
10,719
10,719
-
5,579
Consultancy fees
115
115
-
4,482
Administrator costs
5,191
4,603
588
36,001
Officer costs
-
-
-
16,632
Telephone
490
1
489
227
Certificates
-
-
-
158
35,737
18,766
91,714
54,503
Support costs
Coaching
Management
Staff costs
-
wages
&
|
salaries
|
45,286
-
45,286
547
Staff costs
-
social security
|
costs
|
1,392
-
1,392
-
Staff costs
-
pension
|
contributions
|
900
-
900
75
Travel
6,309
1,441
4,868
757
IT costs
3,441
1,638
1,803
2,758
Legal fees
3,087
1,532
1,555
13,695
Advertising
117
115
2
586
Postage and stationery
1,422
109
1,313
783
Sundry
1,463
1,432
31
1,010
Insurance
1,983
-
1,983
1,036
Bank charges
135
-
135
132
Bad debts
-
-
-
(89)
Governance costs
Accountancy fees
3,813
-
3,813
628
63,081
6,267
21,918
69,348
98,818
25,033
113,632
123,851
8 of 13
11
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
7
.
Analysis of support costs
|
2019
2020
Management
65,535
21,290
Governance costs
3,813
628
21,918
69,348
8
.
Net income
/(
expenditure
)
for the year
|
This is stated after charging
/(
crediting
):
|
2020
2019
3,813
628
Staff pension contributions
|
900
75
9
.
Staff costs and emoluments
|
Total staff costs for the year ended
31
March
2020
were
:
|
2020
2019
65,286
547
3,557
-
900
75
69,743
622
2020
2019
3
Services
9 of 13
12
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
10
.
Comparative for the Statement of Financial Activities
|
2019
Income and endowments from
:
|
20,450
20,450
-
90,949
-
90,949
6,052
-
6,052
760
-
760
118,211
20,450
97,761
(93,182)
(20,450)
(113,632)
(113,632)
(20,450)
(93,182)
4,579
-
4,579
Total funds brought forward
|
144,608
-
144,608
Total funds carried forward
|
149,187
-
149,187
11
.
Tangible fixed assets
|
2,840
2,840
2,840
2,840
-
-
12
.
Stocks and work in progress
|
2020
2019
13,000
14,689
13,000
14,689
10 of 13
13
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
2020
2019
Amounts due within one year
:
|
9,334
9,794
Prepayments and accrued income
|
-
15,670
507
549
9,841
26,013
14
.
Creditors
:
amounts falling due within one year
|
2020
2019
925
3,312
1,882
622
Accruals and deferred income
|
47,187
40,220
49,994
44,154
Balance at
|
01
/
04
/
2019
|
Balance at
|
31
/
03
/
2020
|
General
149,187
111,839
(98,818)
162,208
General
149,187
111,839
(98,818)
162,208
Unrestricted Funds
-
Previous year
|
Balance at
|
01
/
04
/
2018
|
Balance at
|
31
/
03
/
2019
|
General
144,608
97,761
(93,182)
149,187
General
144,608
97,761
(93,182)
149,187
11 of 13
14
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
Purpose of unrestricted Funds
|
General
General funds are applied to the general aims of the charity.
Balance at
|
31
/
03
/
2020
|
Sport England
-
25,033
(25,033)
25,033
(25,033)
-
Restricted Funds
-
Previous year
|
Balance at
|
31
/
03
/
2019
|
Sport England
-
20,450
(20,450)
20,450
(20,450)
-
Purpose of restricted funds
|
Sport England
16
.
Analysis of net assets between funds
|
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
-
162,209
162,209
General
Restricted funds
-
162,209
162,209
12 of 13
15
For the year ended 31 March 2020
ABC Training Trust
Notes to the Financial Statements Continued
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
-
149,188
149,188
General
Restricted funds
-
149,188
149,188
13 of 13