The Junior Sports Programme Trust Ltd - Charities report - 18.1
The Junior Sports Programme Trust Ltd - Charities report - 18.1
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 30 November 2017 |
| for |
| The Junior Sports Programme |
| Trust Limited |
| The Junior Sports Programme |
| Trust Limited |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2017 |
| 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 8 |
| The Junior Sports Programme |
| Trust Limited |
| Report of the Trustees |
| for the Year Ended 30 November 2017 |
| 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 30 November 2017. 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). |
| Incorporation |
| The charitable company was incorporated on 14 July 2008. |
| Objectives and activities |
| Objectives and aims |
| The objectives of the charitable company are as stated in its governing document, the advancement of the |
| physical education of children and young people under the age of 18 years by the provision of organisation |
| or assistance in the provision of organisation of facilities or paying for items, services or facilities, in the |
| pursuit or support of sporting or recreational activities in Lincolnshire and Nottinghamshire. |
| Achievement and performance |
| Charitable activities |
| The Trust has supported over 80 clubs since its inception and has also worked to introduce new activities in |
| schools to help encourage young people to become involved in outdoor events. |
| From its online presence, the Trust provides participating clubs with guidance on risk assessment and child |
| protection. |
| Schemes and awards are provided by the Trust for fair play (the Fair Play Award) and for outstanding |
| contribution to junior sports in Lincolnshire and Nottinghamshire (The Gold Award). |
| Pop Lacrosse, which was introduced to Lincolnshire by the Trust, has been extended throughout the county |
| with the provision of loan equipment and with the arrangement of regional tournaments. |
| Ultimate Frisbee, which was introduced to local schools in the previous year, has also been well received |
| with an inter-school tournament now planned for 2018. |
| Financial review |
| Financial position |
| The reserves in the charity have reduced in the year to £1,368. The charity's overheads are, however, |
| negligible and the Trustees consider that the reserve requirements of the charity are minimal. |
| Structure, governance and management |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, |
| limited by guarantee, as defined by the Companies Act 2006. |
| Charity constitution |
| The organisation is a charitable company limited by guarantee incorporated on 14 July 2008 as the Junior |
| Sports Programme Trust Ltd. The company was registered as a charity on 28 October 2008 and commenced |
| activities on 4 December 2008. The company is governed by its Memorandum and Articles of Association |
| and, in the event of it being wound up, members are required to contribute an amount not exceeding £10. |
| Reference and administrative details |
| Registered Company number |
| Registered Charity number |
| The Junior Sports Programme |
| Trust Limited |
| Report of the Trustees |
| for the Year Ended 30 November 2017 |
| Reference and administrative details |
| Registered office |
| Trustees |
| - resigned 26/3/2018 |
| Company Secretary |
| Independent examiner |
| Rupert King & Company Limited |
| 31 Westgate |
| Grantham |
| Lincolnshire |
| NG31 6LX |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| The Junior Sports Programme |
| Trust Limited |
| Independent examiner's report to the trustees of The Junior Sports Programme Trust Limited ('the |
| Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2017. |
| 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 |
| J Rupert C King FCA |
| Rupert King & Company Limited |
| 31 Westgate |
| Grantham |
| NG31 6LX |
| 10 August 2018 |
| The Junior Sports Programme |
| Trust Limited |
| Statement of Financial Activities |
| for the Year Ended 30 November 2017 |
| Unrestricted fund |
| Notes | £ |
| Income and endowments from |
| Donations and legacies |
| Total |
| Expenditure on |
| Charitable activities |
| Other |
| Total |
| Net income/(expenditure) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward |
| The Junior Sports Programme |
| Trust Limited |
| Balance Sheet |
| At 30 November 2017 |
| Unrestricted fund |
| Notes | £ |
| Current assets |
| Stocks | 3 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 4 | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Net assets |
| Funds | 5 |
| Unrestricted funds: |
| General fund | 1,368 |
| Total funds |
| The Junior Sports Programme |
| Trust Limited |
| Balance Sheet - continued |
| At 30 November 2017 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 30 November 2017. |
| The members have not required the company to obtain an audit of its financial statements for the year ended |
| 30 November 2017 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. |
| These financial statements have been prepared in accordance with the |
| special provisions of Part 15 of the Companies Act 2006 relating to |
| charitable small companies. |
| The financial statements were approved by the Board of Trustees on |
| The Junior Sports Programme |
| Trust Limited |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2017 |
| 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. |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a |
| commitment but not accrued as expenditure. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the |
| trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. |
| Restrictions arise when specified by the donor or when funds are raised for particular restricted |
| purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial |
| statements. |
| 2. | Trustees' remuneration and benefits |
| There were no trustees' remuneration or other benefits for the year ended 30 November 2017. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 November 2017. |
| The Junior Sports Programme |
| Trust Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 3. | Stocks |
| £ |
| Sports Equipment and Trophies | 530 |
| 4. | Creditors: amounts falling due within one year |
| £ |
| Accrued expenses |
| 5. | Movement in funds |
At 1/12/16 |
Net movement in funds |
At 30/11/17 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 1,527 | (159 | ) | 1,368 |
| TOTAL FUNDS | (159 | ) | 1,368 |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,158 | (2,317 | ) | (159 | ) |
| TOTAL FUNDS | ( |
) | (159 | ) |
| 6. | Related party disclosures |
| There were no related party transactions for the year ended 30 November 2017. |