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COMPANY REGISTRATION NUMBER: 07810994
CHARITY REGISTRATION NUMBER: 1145959
Recoil Trampoline Club Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
Recoil Trampoline Club Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
5
Statement of financial position
6
Notes to the financial statements
7
Recoil Trampoline Club Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024 .
Reference and administrative details
Registered charity name
Recoil Trampoline Club Limited
Charity registration number
1145959
Company registration number
07810994
Principal office and registered
24a Crown Street
office
Brentwood
CM14 4BA
Essex
The trustees
Mr K T Kelleher -Chair of Trustees
Mrs A M Keen
Mrs B.E Mcmillan
Mr S C Gould
Mr I.M Cox
Mrs P J Sharpe BEM
Mrs G Boath
(Appointed 19 April 2024)
Independent examiner
24A Crown Street
Brentwood
Essex
CM14 4BA
Structure, governance and management
Incorporation
The charity was incorporated as Recoiltwisters Trampoline Club, a company limited by guarantee, on 14 October 2011 and was registered as a charity on 17 February 2012. In the event of the company being wound up members are required to contribute an amount not exceeding £10. The company formally changed its name to Recoil Trampoline Club Limited on 27 November 2013.
Governing document
The company was established under a Memorandum and Articles of Association and is governed by its Articles of Association dated 14 October 2011, as amended by a Special Resolution dated 7 February 2012.
Recruitment and appointment of trustees
The directors of the charitable company are its trustees for the purpose of charity law and throughout the report are collectively referred to as trustees. New trustees may be appointed by ordinary resolution or by a decision of the existing trustees.
Trustee induction and training
All trustees follow an extensive training programme at induction and on a continuing basis.
Organisational structure
The trustees are responsible for the management of the company's business. All decisions must be taken at a meeting and be passed by a majority decision.
Risk management
The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate, systems have been established to mitigate those risks. The trustees undertake rigorous risk assessments for all of the services offered, with particular emphasis placed upon activities for children and at risk adults.
Objectives and activities
The objects of the company are that of a charitable trampoline club whose purpose is the provision of training, education and the furtherance of the sport of trampolining in the areas of recreation, therapy and competition. The company may also engage in associated activities related to fundraising and related trading to support its objectives.
The Club offers Parent and Toddler sessions twice weekly for children aged 9 months to 3 years*.
The multi-sensory room is available for hire for those with disabilities and for babies up to the age of 12 months*.
The trustees have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the general guidance on public benefit published by the Charity Commission when reviewing aims and objectives and in planning future activities. In promoting community participation in Disability trampolining, health recreation, by the provision of the facilities for trampolining, the trustees consider that they are fulfilling the requirements to deliver benefit. The club has excellent facilities for those with disabilities.
Achievements and performance
Charity Activities
At 31 December 2024 the club had around 467 members of which 48 have Special Needs and over 75 of disabled users who are non-members use the facility on a weekly basis. During the year under review Recoil Trampoline Club Limited has continued to develop the activities of the club recreationally, in competition and therapeutically.
The club provided trampoline coaching for local schools including those with SEN students. Under British Gymnastics regulations,the club hosted a number of coaching courses through the year. Recoil TC also provided a competition pathway for members who wish to compete,including those with Special Needs.
Financial review
Fundraising
The principal funding sources of the club are monies generated from use of the facility,session & membership fees, grants,and donations.
Reserves policy
In line with Charity Commission requirements, the trustees recognise the need to maintain reserves to ensure that the Recoil Trampoline Club Limited meets its statutory and contractual obligations. Provision is made to ensure sufficient funds for staff costs, sickness cover and any uninsured losses. The trustees also recognise the need for sufficient funds to replace existing and invest in new equipment to ensure the continued operation and development of the trampoline and disability programmes.The club is committed to maintaining the building to a suitably high standard and build reserves to fund when necessary.
Plans for future periods
We continue to make applications for further funding to help grow and support the work of the club does for the community. We also develop new initiatives for service provisions.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 10 April 2025 and signed on behalf of the board of trustees by:
Mr K T Kelleher -Chair of Trustees
Trustee
Recoil Trampoline Club Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Recoil Trampoline Club Limited
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Recoil Trampoline Club Limited ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.
Independent Examiner
24A Crown Street Brentwood Essex CM14 4BA
10 April 2025
Recoil Trampoline Club Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
1,183
1,183
9,917
Charitable activities
6
271,700
271,700
244,350
Other trading activities
7
2,715
2,715
3,026
Investment income
8
478
478
336
---------
---------
---------
Total income
276,076
276,076
257,629
---------
---------
---------
Expenditure
Expenditure on charitable activities
9,10
( 262,729)
( 262,729)
( 232,977)
---------
---------
---------
Total expenditure
( 262,729)
( 262,729)
( 232,977)
---------
---------
---------
---------
---------
---------
Net income and net movement in funds
13,347
13,347
24,652
---------
---------
---------
Reconciliation of funds
Total funds brought forward
105,396
105,396
80,744
---------
---------
---------
Total funds carried forward
118,743
118,743
105,396
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Recoil Trampoline Club Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible fixed assets
16
36,075
36,598
Current assets
Stocks
17
948
982
Debtors
18
38,104
6,257
Cash at bank and in hand
51,773
68,194
--------
--------
90,825
75,433
Creditors: amounts falling due within one year
19
8,157
6,635
--------
--------
Net current assets
82,668
68,798
---------
---------
Total assets less current liabilities
118,743
105,396
---------
---------
Net assets
118,743
105,396
---------
---------
Funds of the charity
Unrestricted funds
118,743
105,396
---------
---------
Total charity funds
21
118,743
105,396
---------
---------
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 10 April 2025 , and are signed on behalf of the board by:
Mr K T Kelleher -Chair of Trustees
Trustee
Recoil Trampoline Club Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 24a Crown Street, Brentwood, CM14 4BA, Essex.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Income resources Voluntary income, including donations, grants and legacies, is recognised where there is entitlement, certainty or receipt and the amount can be quantified with reasonable accuracy. Income from charitable activities is recognised when received with the exception of membership subscriptions which are adjusted for any subscriptions received in advance. All other income resources are recognised when received. Income expended Resources expended are included on an accruals basis inclusive of VAT and is reported as part of the expenditure to which it relates or, in the case of fixed assets, as part of the cost. Cost of generating funds comprises the costs relating to fundraising events. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. Governance costs comprise those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner's fees and costs linked to the strategic management of the charity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Tangible assets
All fixed assets are initially recorded at cost. Assets costing more than £100 are capitalised.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Limited by guarantee
The liability of the members is limited to a sum not exceeding £10, being the amount that each member undetakes to contibute to the assets of the Charity in the event of its being wound up while he, she or it is a member or within one year after he, she or it ceases to be a member; 1. payment of the Charity's debts and liabilities incurred befoe he, she or it ceases to be a member; 2. payment of the costs, charges and expenses of winding up; and 3. adjustment of the rights of contributories among themselves.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Grants and donations
1,183
1,183
9,917
9,917
-------
-------
-------
-------
6. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Sale of goods/services as part of direct charitable activities
3,779
3,779
2,405
2,405
Fees and subscriptions
229,622
229,622
209,284
209,284
Parties
10,455
10,455
12,185
12,185
Hire of facilities
27,844
27,844
20,476
20,476
---------
---------
---------
---------
271,700
271,700
244,350
244,350
---------
---------
---------
---------
7. Other trading activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Fundraising events
2,715
2,715
3,026
3,026
-------
-------
-------
-------
8. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
478
478
336
336
----
----
----
----
9. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Trampoline Club
116,247
116,247
118,802
118,802
Running Costs and maintenance of hall
70,222
70,222
50,364
50,364
Other costs
4,973
4,973
6,286
6,286
Support costs
71,287
71,287
57,525
57,525
---------
---------
---------
---------
262,729
262,729
232,977
232,977
---------
---------
---------
---------
10. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Trampoline Club
116,247
116,247
118,802
Running Costs and maintenance of hall
70,222
70,222
50,364
Other costs
4,973
4,973
6,286
Governance costs
71,287
71,287
57,525
---------
--------
---------
---------
191,442
71,287
262,729
232,977
---------
--------
---------
---------
11. Governance costs
Analysis of support costs activity 1
Total 2024
Total 2023
£
£
£
Staff costs
66,625
66,625
54,364
--------
--------
--------
12. Net income
Net income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
6,367
6,458
Operating lease rentals
15,000
15,000
--------
--------
13. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,480
1,518
-------
-------
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
66,625
54,364
Employer contributions to pension plans
2,023
1,554
--------
--------
68,648
55,918
--------
--------
The average head count of employees during the year was 4 (2023: 4 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Number of staff
4
4
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred.
16. Tangible fixed assets
Plant and machinery
Total
£
£
Cost
At 1 January 2024
102,658
102,658
Additions
5,844
5,844
---------
---------
At 31 December 2024
108,502
108,502
---------
---------
Depreciation
At 1 January 2024
66,060
66,060
Charge for the year
6,367
6,367
---------
---------
At 31 December 2024
72,427
72,427
---------
---------
Carrying amount
At 31 December 2024
36,075
36,075
---------
---------
At 31 December 2023
36,598
36,598
---------
---------
17. Stocks
2024
2023
£
£
Raw materials and consumables
948
982
----
----
18. Debtors
2024
2023
£
£
Trade debtors
6,154
6,257
Prepayments and accrued income
31,950
--------
-------
38,104
6,257
--------
-------
19. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,264
2,555
Accruals and deferred income
2,043
2,043
Other creditors
1,850
2,037
-------
-------
8,157
6,635
-------
-------
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 2,023 (2023: £ 1,554 ).
21. Analysis of charitable funds
Unrestricted funds
At 1 January 2024
Income
Expenditure
At 31 December 2024
£
£
£
£
General funds
105,396
276,076
(262,729)
118,743
---------
---------
---------
---------
At 1 January 2023
Income
Expenditure
At 31 December 2023
£
£
£
£
General funds
80,744
257,629
(232,977)
105,396
--------
---------
---------
---------