England and Wales Blind Golf - Charities report - 19.3.2
England and Wales Blind Golf - Charities report - 19.3.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| FOR |
| ENGLAND AND WALES BLIND GOLF |
| ENGLAND AND WALES BLIND GOLF |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 14 |
| ENGLAND AND WALES BLIND GOLF (REGISTERED NUMBER: 03371488) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their |
| report with the financial statements of the charity for the year ended 31 October 2019. 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 Republic of Ireland (FRS 102) (effective 1 January 2015). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and Aims |
| The charitable company is established for the relief of the blind by the provision of training in golf facilities so |
| as to improve the conditions of life of such persons. |
| Public Benefit |
| The Trustee Directors confirm that they have referred to the guidance contained in the Charity Commission's |
| general guidance on public benefit when reviewing the charitable company's aims and objectives and in |
| planning future activities. The Trustee Directors refer to public benefit throughout this report. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable Activities |
| To achieve our objectives, the charitable company co-ordinates a number of golfing tournaments and training |
| opportunities for the blind. All player members can receive financial help towards their lessons from their local |
| golf professional, new and inexperienced player members can receive additional financial support for further |
| lessons. |
| During the golf season 6 major events which bring members together were held. On each occasion about |
| one third of our playing membership took part. In addition members also attended fundraising events for |
| other charities as well as fundraising events for EWBG. |
| FINANCIAL REVIEW |
| Review for the Year |
| The financial position of the charity continues to be satisfactory. We have been fortunate to continue to |
| receive grants from The Levy Foundation and The Primary Club. In addition we also received donations from |
| various golf clubs including the free use of their facilities, we have continued to use the services of a |
| fundraiser and we continue to be registered with Virgin Money to enable people to donate with the benefit of |
| Gift Aid. Also some members have held fundraising events on our behalf. All these funds have gone towards |
| meeting the objectives of the charity. The current economic climate and the predictions for the future |
| economic climate mean that we are not so confident that we can maintain previous year's levels of |
| fundraising. To help counter this we have enlisted the services of a Marketing Company to raise our profile |
| and increase our fundraising this has been done with the assistance of a grant from The Levy Foundation. |
| Financial policies have remained as before and the Board regularly reviews the financial position and aims to |
| run events in the most economic way. |
| The Levy Foundation is the largest provider of funds for the charity. The money it provides has been aimed at |
| the specific areas required - training, administration and the annual Levy British Blind Masters. |
| The Primary Club grant was used specifically for the event for which it was given, our Matchplay tournament. |
| We also attended several events, including Sight Village to promote blind golf which has raised our profile and |
| attract new members. |
| Reserves Policy |
| The Board of Trustee Directors have established a policy whereby the unrestricted funds not committed or |
| invested in tangible fixed assets ('the free reserves') held by the charitable company should equate to |
| between twelve and fifteen months of the unrestricted resources expended. This provides sufficient funds to |
| cover fundraising, management and administration costs in the event of a significant decrease in funding. It |
| would obviously be necessary to consider how the funding would be replaced or activities changed. This |
| policy is subject to regular review by the Board of Trustee Directors. |
| ENGLAND AND WALES BLIND GOLF (REGISTERED NUMBER: 03371488) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing Document |
| The charitable company was incorporated on 10th May 1997 and is limited by guarantee and registered as a |
| charity. It is Governed by its Memorandum and Articles of Association (revised April 2011). |
| Trustee Directors |
| In accordance with the Memorandum and Articles of Association the affairs of the charitable company are |
| governed by a Board of Trustee Directors consisting of Chairman, Financial Director, Company Secretary, |
| Captain and up to five other members, two of which must be Player Members and a maximum of one can be |
| a Non Player Member. |
| The Captain shall be elected for two years and consecutive terms are not allowed. Other members of the |
| Board are elected for three years, one third elected each year. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| R J Tomlinson |
| J P Eakin |
| S Beevers |
| B Ritchie |
| D Sheridan |
| D V Daniels | - appointed 28.04.19 |
| Company Secretary |
| S Beevers |
| Independent Examiner |
| P Underwood, FCCA |
| Morris Crocker |
| Chartered Accountants |
| Station House |
| Havant |
| Hampshire |
| PO9 1QU |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| ENGLAND AND WALES BLIND GOLF |
| Independent examiner's report to the trustees of England and Wales Blind Golf ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended |
| 31 October 2019. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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: |
| 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 accounting 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. |
| P Underwood, FCCA |
| Morris Crocker |
| Chartered Accountants |
| Station House |
| Havant |
| Hampshire |
| PO9 1QU |
| 14 February 2020 |
| ENGLAND AND WALES BLIND GOLF |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 2019 | 2018 |
| Unrestricted | Restricted | Total | Total |
| funds | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Charitable activities | 5 |
| Other trading activities | 3 |
| Investment income | 4 |
| Total |
| EXPENDITURE ON |
| Raising funds | 6 |
| Charitable activities | 7 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| Transfers between funds | 16 | (46,647 | ) | 46,647 | - | - |
| Net movement in funds | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 235,170 |
| ENGLAND AND WALES BLIND GOLF (REGISTERED NUMBER: 03371488) |
| BALANCE SHEET |
| 31 OCTOBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 12 |
| Heritage assets | 13 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 14 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 16 |
| Unrestricted funds | 221,669 | 235,170 |
| TOTAL FUNDS | 235,170 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| ENGLAND AND WALES BLIND GOLF (REGISTERED NUMBER: 03371488) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2019 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees on behalf by: |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, |
| have been prepared 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard |
| applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements |
| have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the |
| funds, it is probable that the income will be received and the amount can be measured reliably. |
| Such income is only deferred when: |
| - | the donor specifies that the grant or donation must only be used in future accounting periods; or |
| - | the donor has imposed conditions which must be met before the charitable company has unconditional entitlement. |
| Investment income is recognised on a receivable basis. |
| Income from charitable activities includes income received under contract or where entitlement to grant |
| funding is subject to specific performance conditions it is recognised as earned (as the related goods |
| or services are provided). Grant income included in this category provides funding to support |
| tournament and training activities and is recognised where there is entitlement, probability of receipt |
| and the amount can be measured with sufficient reliability. Income is deferred when: |
| - | tournament and training fees or related grants are received in advance of the tournament or training to which they relate. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation |
| committing the charity to that expenditure, it is probable that a transfer of economic benefits will be |
| required in settlement and the amount of the obligation can be measured reliably. Expenditure is |
| accounted for on an accruals basis and has been classified under headings that aggregate all cost |
| related to the category. Where costs cannot be directly attributed to particular headings they have been |
| allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated |
| useful life. |
| Computer equipment | - |
| Individual fixed assets costing £500 or more are capitalised at cost. |
| Heritage assets |
| The charity's gold medals are reported in the Balance Sheet at fair value. Valuations were obtained in |
| 2017 by professional valuers (Timegold, Woodford Green, Essex). |
| The gold medals are deemed to have indeterminate lives and the Trustees do not therefore consider it |
| appropriate to charge depreciation. |
| Taxation |
| The charitable company is a registered charity and accordingly is exempt from taxation on its current |
| sources of income. |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 1. | ACCOUNTING POLICIES - continued |
| Fund accounting |
| The charitable company has a restricted income fund to account for situations where a donor requires |
| that a donation must be spent on a particular purpose or where funds have been raised for a specific |
| purpose. |
| 2. | DONATIONS AND LEGACIES |
| 2019 | 2018 |
| £ | £ |
| Donations |
| Membership subscriptions | 1,570 | 1,210 |
| 3. | OTHER TRADING ACTIVITIES |
| 2019 | 2018 |
| £ | £ |
| Fundraising |
| 4. | INVESTMENT INCOME |
| 2019 | 2018 |
| £ | £ |
| Deposit account interest |
| All investment income is derived from assets held in the United Kingdom. |
| 5. | INCOME FROM CHARITABLE ACTIVITIES |
| 2019 | 2018 |
| Activity | £ | £ |
| Entry fees and sponsorship | Tournaments | 76,285 | 48,765 |
| 6. | RAISING FUNDS |
| Raising donations and legacies |
| 2019 | 2018 |
| £ | £ |
| Promotional expenses | 53,472 | 52,804 |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 7. | CHARITABLE ACTIVITIES COSTS |
| Support |
| Direct | costs (see |
| Costs | note 8) | Totals |
| £ | £ | £ |
| Tournaments | 83,457 | 5,095 | 88,552 |
| 8. | SUPPORT COSTS |
| Governance |
| Management | costs | Totals |
| £ | £ | £ |
| Tournaments | 2,394 | 2,701 | 5,095 |
| Support costs, included in the above, are as follows: |
| Management |
| 2019 | 2018 |
| Total |
| Tournaments | activities |
| £ | £ |
| Insurance | 787 | 744 |
| Telephone | 732 | 720 |
| Postage and stationery | 335 | 153 |
| Sundries | 392 | 373 |
| Donations | - | 350 |
| Computer costs | 148 | - |
| 2,394 | 2,340 |
| Governance costs |
| 2019 | 2018 |
| Total |
| Tournaments | activities |
| £ | £ |
| Legal and professional fees | 443 | 550 |
| Independent examiner's fee | 2,148 | 2,172 |
| Depreciation of tangible fixed assets | 110 | 110 |
| 2,701 | 2,832 |
| 9. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2019 | 2018 |
| £ | £ |
| Depreciation - owned assets |
| Independent examiner's fee | - | 2,172 |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 10. | TRUSTEES' REMUNERATION AND BENEFITS |
| No remuneration was received by any trustee directors or person connected with them in the year |
| ended 31 October 2019 or in the previous year. |
| Trustees' expenses |
| Five trustee directors (2018: Five) were reimbursed a total of £1,019 (2018: £1,336) in respect of |
| travel, subsistence, telephone, printing, postage and stationery costs. |
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| funds | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Transfers between funds | (27,400 | ) | 27,400 | - |
| Net movement in funds |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 209,156 | - |
| TOTAL FUNDS CARRIED FORWARD | 235,170 | - | 235,170 |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 12. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 November 2018 and 31 October 2019 |
| DEPRECIATION |
| At 1 November 2018 |
| Charge for year |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 13. | HERITAGE ASSETS |
| Total |
| £ |
| MARKET VALUE |
| At 1 November 2018 and 31 October 2019 |
2,090 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Accruals |
| 15. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
| Unrestricted | Restricted | Total | Total |
| funds | fund | funds | funds |
| £ | £ | £ | £ |
| Fixed assets | 2,090 | - | 2,090 | 2,200 |
| Current assets |
| Current liabilities | ( |
) | ( |
) | ( |
) |
| 221,669 | - | 221,669 | 235,170 |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 16. | MOVEMENT IN FUNDS |
| Net | Transfers |
| At | movement | between | At |
| 1.11.18 | in funds | funds | 31.10.19 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 235,170 | 33,146 | (46,647 | ) | 221,669 |
| Restricted funds |
| Tournaments and training fund | - | (46,647 | ) | 46,647 | - |
| TOTAL FUNDS | (13,501 | ) | 221,669 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 52,238 | (19,092 | ) | 33,146 |
| Restricted funds |
| Tournaments and training fund | 76,285 | (122,932 | ) | (46,647 | ) |
| TOTAL FUNDS | ( |
) | (13,501 | ) |
| Comparatives for movement in funds |
| Net | Transfers |
| At | movement | between | At |
| 1.11.17 | in funds | funds | 31.10.18 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 209,156 | 53,414 | (27,400 | ) | 235,170 |
| Restricted funds |
| Tournaments and training fund | - | (27,400 | ) | 27,400 | - |
| TOTAL FUNDS | 209,156 | 26,014 | - | 235,170 |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 16. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 73,693 | (20,279 | ) | 53,414 |
| Restricted funds |
| Tournaments and training fund | 48,765 | (76,165 | ) | (27,400 | ) |
| TOTAL FUNDS | 122,458 | (96,444 | ) | 26,014 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net | Transfers |
| At | movement | between | At |
| 1.11.17 | in funds | funds | 31.10.19 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 209,156 | 86,560 | (74,047 | ) | 221,669 |
| Restricted funds |
| Tournaments and training fund | - | (74,047 | ) | 74,047 | - |
| TOTAL FUNDS | 209,156 | 12,513 | - | 221,669 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the |
| above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 125,931 | (39,371 | ) | 86,560 |
| Restricted funds |
| Tournaments and training fund | 125,050 | (199,097 | ) | (74,047 | ) |
| TOTAL FUNDS | 250,981 | (238,468 | ) | 12,513 |
| Tournaments and training fund |
| Monies were received from the Joseph Levy Foundation for the purpose of covering the costs of |
| hosting the Lawrence Levy British Blind Masters Championship, training and a donation towards |
| administering the charitable company. |
| Monies were also received from various sources as contributions towards the cost of the various |
| tournaments attended throughout the year. The transfer from unrestricted funds offsets the costs of |
| the tournaments held. |
| ENGLAND AND WALES BLIND GOLF |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 17. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 October 2019. |
| 18. | ULTIMATE CONTROLLING PARTY |
| The charitable company is not under the control of another entity or any one individual. |