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Company number
:
06496769
|
For the year ended 31 March 2021
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2021
ABC Training Trust
Contents Page
1 to 4
Report of the Trustees
5
Independent Examiner's Report to the Trustees
6
Statement of Financial Activities
7
Statement of Financial Position
8 to 16
Notes to the Financial Statements
3
For the year ended 31 March 2021
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
2021
.
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 had due regard to the Charity Commission guidance by developing an ongoing strategy to maximise support and knowledge of the National Indoor Climbing Award Schemes and in particular they have considered how all the charity's activities will contribute to its charitable aims and objectives.
|
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 schemes in accordance with the objects of its governing document. It has introduced over 150,000 people to indoor climbing and coached their development in the sport in a structured manner. It has advised and trained staff from many climbing centres in coaching techniques as well as promoting the benefits of the sport to the general public. The Trust has also liaised with other national governing and training bodies to develop a coherent national coaching structure in the sport. The implementation of the moderation process has ensured the quality of the delivery of the NICAS schemes to the candidates. The introduction of additional complimentary schemes further expands the reach and impact of the ABCTT in achieving its charitable aims. The variety of schemes offered enables access to climbing for a wider range of people.
|
1 of 16
4
For the year ended 31 March 2021
ABC Training Trust
Report of the Trustees Continued
ACHIEVEMENTS AND PERFORMANCE
|
This financial year saw a pandemic devastate the businesses of our partners as lockdowns and other restrictions disrupted the day-to-day climbing activities and many staff involved were furloughed for long periods to save the long-term business and future of climbing walls. It can therefore be reasonably assumed that this year and therefore the trading therein was unique due to COVID but that valuable lessons have been learned regarding the robustness of our business model and future proofing ourselves for similar circumstances should they arise again, and where we can develop and improve both as an organisation and our range of products in readiness for the future. We continue to work closely with Sport England, Sport Scotland and Mountaineering Ireland where practicably possible to increase participation and retention in indoor climbing. We received some funding via Sport England towards specific projects to support and enable this work. We have further undertaken a project to develop a new brand identity to reflect the progress and development of NICAS. This further allows us to connect better with our partners and learners alike and allow our new products to sit within the brand architecture better. Together with our partners the BMC, the ABC & Mountain Training, we have developed a sector-wide safeguarding procedure to prioritise the protection of young people and vulnerable adults and dissuade persons intent on harming them from operating in our sector. Looking to the futureIt is the end of an unique and unpredictable financial year for the ABC Training Trust, which inevitably involves a reflective period of tallying up the achievements and the costs. It has however been another year of sustained progress in many respects, and we are really proud of the ABCTT team for all that has been achieved Our key reason for being here is introducing as many people as possible to the fantastic sport of climbing. We hope that, through the various NICAS schemes, we can give climbers the best possible start in a sport for life and continue to motivate and develop & them through quality coaching, at great facilities, across the United Kingdom and overseas. We have a lot of projects recently completed or in progress offering to support our centres and we are in close partnership with the BMC, the ABC, Mountain Training, Climb Scotland, Mountaineering Ireland, the Climb Group and Sport England on a variety of relevant matters. None of our achievements could have been completed without the continuing and loyal support of all the artificial climbing structures who deliver our products, and the coaches and Technical Advisors who support them. They and their excellent delivery of our products act as ambassadors for climbing.
|
Financial review: Reserves PolicyThe 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. During this financial period the Board increased the depth of financial reporting and frequency. Forecast models informed them that the business had more than sufficient reserves to refrain from furloughing the executive team, and to further invest in new products and systems such that the Charity would be in the best possible position to support our customers post-lockdown. Strong trading in the subsequent financial period has proved the Board's assessment and actions to be correct and is further emphasised in that our reserves remain unused. Whilst expenditure has been shown to increase against a significant reduction in revenue, this expenditure was predominantly used to deliver fully funded projects for Sport England. The Board have reviewed this level of reserves and consider it to remain appropriate for current circumstances and the year ahead. 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.
|
2 of 16
5
For the year ended 31 March 2021
ABC Training Trust
Report of the Trustees Continued
STRUCTURE
,
GOVERNANCE AND MANAGEMENT
|
The ABCTT is a charitable company limited by guarantee
,
set up in
2008
.
It is an independent charity established with its
|
main object
,
as stated above
,
to provide structured coaching and a syllabus for new climbers at registered artificial climbing
|
structures
.
It is governed by a Memorandum and Articles of Association which were last amended at the AGM in September
|
2014
and will be reviewed and updated in
2022
.
|
The Board of Trustees in
2021
will see a number of Trustees completing their maximum terms of office and
,
using our new
|
recruitment process
,
we need to identify and recruit more Trustees in
2022
ensuring we add an even greater depth and
|
breadth of experience to the team
.
|
The ABCTT
'
s systems of internal control are designed to provide reasonable
,
but not absolute
,
assurance against materials
|
misstatement or loss
.
They include
:
|
A strategic plan approved
,
and an annual budget regularly reviewed by the Trustees
|
Regular consideration by the Trustees of financial results
,
non
-
financial performance indicators and benchmarking reviews
|
Identification and management of risks
.
|
The revised Trustee Risk Register is reviewed at least annually and the Operational Risk Register is considered by the
|
Trustees quarterly or whenever circumstances arise
.
|
The ABCTT has
2
full time employees and holds no material assets other than logbooks
,
which are insured
.
We commission
|
some executive
,
technical
,
administrative and financial services as well as a range of freelance technical experts with robust
|
contracts and Service Level Agreements
.
Our other main expenses are the purchase of logbooks and the delivery of training
|
which are now operating at a surplus
.
|
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. Statement of Trustees' ResponsibilitiesThe Trustees, who are also the directors of ABC Training Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORPmake judgments and estimates that are reasonable and prudent; andprepare the accounts on the going concern basis unless it is inappropriate to presume that the trust will continue in operation. The Trustees are responsible for keeping adequate accounting records and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
|
REFERENCE AND ADMINISTRATIVE INFORMATION
|
ABC Training Trust
Charity registration number
|
1123559
3 of 16
6
For the year ended 31 March 2021
ABC Training Trust
Report of the Trustees Continued
06496769
Company registration number
|
The trustees and officers serving during the year and since the year end were as follows:
Lee Browning
Jonathan Chittenden
Benjamin Levey
Andrew Link
(
Resigned
:
14
October
2021
)
|
Carys Rowlands
David Stainthorpe
(
Resigned
:
29
April
2021
)
|
Edwin (Dean) Straw
Jeremy Tapping
Ian Taylor
Kenneth Garner
(
Appointed
:
29
April
2021
)
|
Amanda Hall
Counterculture Partnership LLP
Unit 115, Ducie House
Ducie Street
Manchester
M1 2JW
.............................................................................
|
Approved by the Board of Trustees and signed on its behalf by
|
4 of 16
7
For the year ended 31 March 2021
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 2021.
|
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
.
|
Amanda Hall
Counterculture Partnership LLP
Unit 115, Ducie House
Ducie Street
Manchester
M1 2JW
16 December 2021
5 of 16
8
For the year ended 31 March 2021
ABC Training Trust
Statement of Financial Activities (including Income and Expenditure Account)
2020
2021
Income and endowments from
:
|
50,048
25,033
50,048
-
2
25,950
105,404
-
25,950
3
3,588
5,447
-
3,588
4
801
988
-
801
5
80,387
136,872
50,048
30,339
(93,298)
(50,048)
(143,346)
(123,851)
6
(143,346)
(123,851)
(50,048)
(93,298)
(62,959)
13,021
-
(62,959)
Total funds brought forward
|
149,187
162,208
-
162,208
Total funds carried forward
|
99,249
-
99,249
162,208
6 of 16
9
ABC Training Trust
Statement of Financial Position
2021
2020
12,824
13,000
12
5,743
9,841
13
Debtors
115,946
189,362
134,513
212,203
Creditors
:
amounts falling due within one year
|
(35,263)
(49,994)
14
Net current assets
99,250
162,209
Total assets less current liabilities
|
99,250
162,209
Net assets
99,250
162,209
Unrestricted income funds
|
15
99,249
162,208
99,249
162,208
For the year ended 31 March 2021 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
:
|
16 December 2021
7 of 16
10
For the year ended 31 March 2021
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.
|
8 of 16
11
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
2
.
Income from donations and legacies
|
2020
2021
25,033
50,048
25,033
50,048
Analysis of grants received
|
2021
2020
50,048
25,033
Sport England
25,033
50,048
3
.
Income from charitable activities
|
2020
2021
Coaching
6,847
8,797
Primary centre registration
6,750
10,619
Awarding centre registration
12,353
85,988
Logbook sales
25,950
105,404
105,404
25,950
4
.
Income earned from other activities
|
2020
2021
5,447
3,588
Other income
5,447
3,588
9 of 16
12
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
2020
2021
801
988
988
801
10 of 16
13
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
6
.
Costs of charitable activities by fund type
|
2020
2021
Coaching
Direct cost
(1)
(1)
-
-
Staff costs
-
wages
&
|
salaries
|
24,000
-
24,000
20,000
Staff costs
-
social security
|
costs
|
1,109
-
1,109
2,165
Logbook costs
-
-
-
3,420
Carriage
675
-
675
3,478
Seminar costs
-
-
-
310
Executive officer costs
-
-
-
219
Meeting costs
24
-
24
8,396
Training costs
22,722
20,832
1,890
10,719
Consultancy fees
250
-
250
115
Administrator costs
4,773
2,806
1,967
5,191
Telephone
283
-
283
490
30,198
23,637
54,503
53,835
Support costs
Coaching
Management
Staff costs
-
wages
&
|
salaries
|
46,000
-
46,000
45,286
Staff costs
-
social security
|
costs
|
2,126
-
2,126
1,392
Staff costs
-
pension
|
contributions
|
900
-
900
900
Travel
398
-
398
6,309
IT costs
6,069
1,973
4,096
3,441
Legal fees
3,175
-
3,175
3,087
Advertising
24,369
24,350
19
117
Postage and stationery
395
-
395
1,422
Sundry
685
88
597
1,463
Insurance
1,775
-
1,775
1,983
Bank charges
195
-
195
135
Governance costs
Accountancy fees
3,424
-
3,424
3,813
63,100
26,411
69,348
89,511
93,298
50,048
123,851
143,346
11 of 16
14
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
7
.
Analysis of support costs
|
2020
2021
Management
86,087
65,535
Governance costs
3,424
3,813
69,348
89,511
8
.
Net income
/(
expenditure
)
for the year
|
This is stated after charging
/(
crediting
):
|
2021
2020
3,424
3,813
Staff pension contributions
|
900
900
9
.
Staff costs and emoluments
|
Total staff costs for the year ended
31
March
2021
were
:
|
2021
2020
70,000
65,286
3,236
3,557
900
900
74,135
69,743
2021
2020
2
Services
12 of 16
15
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
10
.
Comparative for the Statement of Financial Activities
|
2020
Income and endowments from
:
|
25,033
25,033
-
105,404
-
105,404
5,447
-
5,447
988
-
988
136,872
25,033
111,839
(98,818)
(25,033)
(123,851)
(123,851)
(25,033)
(98,818)
13,021
-
13,021
Total funds brought forward
|
149,187
-
149,187
Total funds carried forward
|
162,208
-
162,208
11
.
Tangible fixed assets
|
2,840
2,840
2,840
2,840
-
-
13 of 16
16
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
12
.
Stocks and work in progress
|
2021
2020
12,824
13,000
12,824
13,000
2021
2020
Amounts due within one year
:
|
1,625
9,334
4,118
507
5,743
9,841
14
.
Creditors
:
amounts falling due within one year
|
2021
2020
1,663
925
1,862
1,882
Accruals and deferred income
|
31,738
47,187
35,263
49,994
Balance at
|
01
/
04
/
2020
|
Balance at
|
31
/
03
/
2021
|
General
162,208
30,339
(93,298)
99,249
General
162,208
30,339
(93,298)
99,249
14 of 16
17
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
Unrestricted Funds
-
Previous year
|
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
Purpose of unrestricted Funds
|
General
General funds are applied to the general aims of the charity.
Balance at
|
31
/
03
/
2021
|
Sport England
-
50,048
(50,048)
50,048
(50,048)
-
Restricted Funds
-
Previous year
|
Balance at
|
31
/
03
/
2020
|
Sport England
-
25,033
(25,033)
25,033
(25,033)
-
Purpose of restricted funds
|
Sport England
Sport England funds have been awarded for use for specific development projects.
15 of 16
18
For the year ended 31 March 2021
ABC Training Trust
Notes to the Financial Statements Continued
16
.
Analysis of net assets between funds
|
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
-
99,250
99,250
General
Restricted funds
-
99,250
99,250
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
-
162,209
162,209
General
Restricted funds
-
162,209
162,209
16 of 16