REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 5 April 2022 |
for |
Tongue And Farr Sports Association |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 5 April 2022 |
for |
Tongue And Farr Sports Association |
Tongue And Farr Sports Association |
Contents of the Financial Statements |
for the Year Ended 5 April 2022 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 15 |
Tongue And Farr Sports Association (Registered number: SC136908) |
Report of the Trustees |
for the Year Ended 5 April 2022 |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Tongue & Farr Sports Association (T&FSA), in partnership with High Life Highland (HLH), are focused on delivering the actions indentified within the Development Action Plan (DAP). The DAP identifies 4 key objectives to further the benefits the North Coast Leisure Centre (NCLC) delivers to the local community. These objectives are: |
- to promote health and well-being; |
- improve the visitor experience; |
- secure the NCLC's future sustainability; |
- further training and skills development. |
These objectives will allow the NCLC to deliver on its legacy of achievements securing the NCLC as an important community asset into the future. As a working document, which is updated on a regular basis, the Development Action Plan responds effectively to challenges and opportunities as they arise. It is also informed by, and responds to, government priorities. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Health and well-being |
TFSA were successful in securing funding from the Co-op Community Fund to encourage young people to get involved in active pursuits. Due to the logistical issues we have been unable to spend this money during this financial year. We have secured an extension from the Co-op and aim to devise a programme of delivery in the next reporting period. |
Improving the visitor experience |
The installation of new equipment last year has increased the use of the gym with more people completing inductions to enable them to use the facilities. |
Securing the NCLC's future |
TSFA are working with HLH to create a business plan to expand services at the NCLC by creating a games hall, increased storage spaces and staff facilities. This work remains ongoing as we gather ideas from the public and produce key documents to enable bidding for funding to undertake the project. |
Training and skills development |
Thanks to support in the past from the Henry Duncan Awards and SSE Strathy Community Fund we have begun to deliver a programme of training for NCLC staff. This has increased the skills, knowledge and confidence of the staff to develop activity programmes. The staff are now suitably trained and some are interested in taking part in further training specifically designed to deliver programmes for older people. |
FINANCIAL REVIEW |
Financial position |
During the year the charity made a deficit of £9,026 (2021 - surplus of £15,526). At 5th April 2022 total reserves amounted to £210,108 (2021 - £219,148) of which £21,712 (2021 - £23,808) related to restricted reserves and £188,396 (2021 - £195,326) are unrestricted and undesignated. |
Tongue And Farr Sports Association (Registered number: SC136908) |
Report of the Trustees |
for the Year Ended 5 April 2022 |
FINANCIAL REVIEW |
Reserves policy |
In the trustees' view, the reserves should provide the charity with adequate financial stability and the means for it to meet its' charitable objectives for the foreseeable future. Reserves are required to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The trustees consider that the ideal level of free unrestricted reserves to meet its charitable objectives would be in the region of £5,000. The level of free reserves will be monitored regularly by the trustees to ensure there is sufficient cashflow to meet the loan repayments. |
FUTURE PLANS |
Health and Well-being |
Tongue & Farr Sports Association are focused on working with High Life Highland to provide an excellent service to the local community. The Board is investigating gaps in provision in order to feed back to High Life Highland and working to secure funding to deliver on providing services which would address these gaps. |
This includes provision of activities for children and young people and supporting a reduction in isolation amongst the population. To expand on activities an extension will be necessary and the Board are working on developing a plan to achieve this vision. This will be dependent on securing additional funding to enable the development project. |
Improving the Visitor Experience |
Some of the facilities, such as the spa, require replacement or repair. TFSA will continue to work with High Life Highland to ensure the delivery of an excellent visitor experience to our users. |
Securing the NCLC's future |
The partnership with High Life Highland has proved invaluable and we continue to work together to deliver excellent services to the local community. We are ambitious for the future and over the next few years will be working to identify gaps in provision and put together a funding bid to extend the facility. |
Training and skills development |
Due to our remote and rural geography accessing training has proven particularly challenging. Despite this we have made significant progress in enabling the staff to deliver programmes for the users. All staff have now reached a level of basic training and four in particular are keen to pursue additional training which will enable them to deliver improved services for older people. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organisation is a charitable company limited by Guarantee, incorporated on 28 February 1992 and registered as a charity on 28 February 1992. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. |
Tongue And Farr Sports Association (Registered number: SC136908) |
Report of the Trustees |
for the Year Ended 5 April 2022 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
Under the requirements of the Memorandum and Articles of Association, the charity must have a minimum of three directors. One third of the directors are required to retire by rotation at each annual general meeting, with those having held office the longest being required to retire first. However, this person may be reappointed to office if the charity is unable to fill the vacancy. |
The directors may appoint one or more of their number to the office of managing director or to any other executive office under the company. A managing director and a director holding any other executive office shall not be subject to retirement by rotation. |
Risk management |
The directors have reviewed and assessed the major risks to which the charitable company is exposed, in particular those related to operations and finances of the company. They are satisfied that systems are in place to mitigate any exposure. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Marcus D MacIver |
ICAS |
Mackay & Co |
Chartered Accountants |
Unit 8 |
Golspie Business Park |
Golspie |
Sutherland |
KW10 6UB |
Approved by order of the board of trustees on |
Tongue And Farr Sports Association (Registered number: SC136908) |
Report of the Trustees |
for the Year Ended 5 April 2022 |
Independent Examiner's Report to the Trustees of |
Tongue And Farr Sports Association |
I report on the accounts for the year ended 5 April 2022 set out on pages six to fifteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which 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 |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Marcus D MacIver |
ICAS |
Mackay & Co |
Chartered Accountants |
Unit 8 |
Golspie Business Park |
Golspie |
Sutherland |
KW10 6UB |
26 July 2022 |
Tongue And Farr Sports Association |
Statement of Financial Activities |
for the Year Ended 5 April 2022 |
5.4.22 | 5.4.21 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities | 3 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 219,134 |
Tongue And Farr Sports Association (Registered number: SC136908) |
Balance Sheet |
5 April 2022 |
5.4.22 | 5.4.21 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 10 |
Unrestricted funds | 195,326 |
Restricted funds | 23,808 |
TOTAL FUNDS | 219,134 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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. |
Tongue And Farr Sports Association (Registered number: SC136908) |
Balance Sheet - continued |
5 April 2022 |
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 and authorised for issue on |
Tongue And Farr Sports Association |
Notes to the Financial Statements |
for the Year Ended 5 April 2022 |
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 2019)', 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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
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. |
Tongue And Farr Sports Association |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
2. | INVESTMENT INCOME |
5.4.22 | 5.4.21 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Bank interest receivable | 1 | - |
3. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs | costs | Totals |
£ | £ | £ |
General | 10,923 | 1,077 | 12,000 |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
5.4.22 | 5.4.21 |
£ | £ |
Depreciation - owned assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021. |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Total |
EXPENDITURE ON |
Tongue And Farr Sports Association |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 177,348 | 26,274 |
TOTAL FUNDS CARRIED FORWARD |
195,326 |
23,808 |
219,134 |
7. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | Plant and | and |
property | property | machinery | fittings | Totals |
£ | £ | £ | £ | £ |
COST |
At 6 April 2021 and 5 April 2022 |
DEPRECIATION |
At 6 April 2021 |
Charge for year |
At 5 April 2022 |
NET BOOK VALUE |
At 5 April 2022 |
At 5 April 2021 |
Tongue And Farr Sports Association |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.22 | 5.4.21 |
£ | £ |
Prepayments and accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.22 | 5.4.21 |
£ | £ |
Accrued expenses |
10. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 6.4.21 | in funds | 5.4.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 195,326 | (6,930 | ) | 188,396 |
Restricted funds |
Wood Burning System | 481 | - | 481 |
Leader | 208 | - | 208 |
Caithness & North Sutherland | 5,803 | (870 | ) | 4,933 |
H I E | 3,913 | (613 | ) | 3,300 |
H C Upgrade | 3,913 | (613 | ) | 3,300 |
H C - Create a Business Plan | 50 | - | 50 |
Corra Foundation | 3,000 | - | 3,000 |
SSE Community Fund | 3,183 | - | 3,183 |
Co-op Local Community Fund | 3,257 | - | 3,257 |
(2,096 | ) |
TOTAL FUNDS | (9,026 | ) | 210,108 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,974 | (9,904 | ) | (6,930 | ) |
Restricted funds |
Caithness & North Sutherland | - | (870 | ) | (870 | ) |
H I E | - | (613 | ) | (613 | ) |
H C Upgrade | - | (613 | ) | (613 | ) |
( |
) | (2,096 | ) |
TOTAL FUNDS | ( |
) | (9,026 | ) |
Tongue And Farr Sports Association |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
10. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 6.4.20 | in funds | 5.4.21 |
£ | £ | £ |
Unrestricted funds |
General fund | 177,348 | 17,978 | 195,326 |
Restricted funds |
Wood Burning System | 481 | - | 481 |
Leader | 208 | - | 208 |
Caithness & North Sutherland | 6,827 | (1,024 | ) | 5,803 |
H I E | 4,634 | (721 | ) | 3,913 |
H C Upgrade | 4,634 | (721 | ) | 3,913 |
H C - Create a Business Plan | 50 | - | 50 |
Corra Foundation | 3,000 | - | 3,000 |
SSE Community Fund | 3,183 | - | 3,183 |
Co-op Local Community Fund | 3,257 | - | 3,257 |
26,274 | (2,466 | ) | 23,808 |
TOTAL FUNDS | 203,622 | 15,512 | 219,134 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 28,495 | (10,517 | ) | 17,978 |
Restricted funds |
Caithness & North Sutherland | - | (1,024 | ) | (1,024 | ) |
H I E | - | (721 | ) | (721 | ) |
H C Upgrade | - | (721 | ) | (721 | ) |
- | (2,466 | ) | (2,466 | ) |
TOTAL FUNDS | 28,495 | (12,983 | ) | 15,512 |
Tongue And Farr Sports Association |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
10. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 6.4.20 | in funds | 5.4.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 177,348 | 11,048 | 188,396 |
Restricted funds |
Wood Burning System | 481 | - | 481 |
Leader | 208 | - | 208 |
Caithness & North Sutherland | 6,827 | (1,894 | ) | 4,933 |
H I E | 4,634 | (1,334 | ) | 3,300 |
H C Upgrade | 4,634 | (1,334 | ) | 3,300 |
H C - Create a Business Plan | 50 | - | 50 |
Corra Foundation | 3,000 | - | 3,000 |
SSE Community Fund | 3,183 | - | 3,183 |
Co-op Local Community Fund | 3,257 | - | 3,257 |
26,274 | (4,562 | ) | 21,712 |
TOTAL FUNDS | 203,622 | 6,486 | 210,108 |
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 | 31,469 | (20,421 | ) | 11,048 |
Restricted funds |
Caithness & North Sutherland | - | (1,894 | ) | (1,894 | ) |
H I E | - | (1,334 | ) | (1,334 | ) |
H C Upgrade | - | (1,334 | ) | (1,334 | ) |
- | (4,562 | ) | (4,562 | ) |
TOTAL FUNDS | 31,469 | (24,983 | ) | 6,486 |
Tongue And Farr Sports Association |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
11. | RELATED PARTY DISCLOSURES |