2020-12-31-accounts - Eastbourne Saffrons Sports Club Trust Limited

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Trustees’ Annual Report for the period

From 01/01/2020 Period start date To 31/12/2020 Period end date Charity name: EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

Charity registration number: 1005890

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	THE PROVISION OF A SPORTS CENTRE AND ANCILLARY ACTIVITIES FOR RECREATION AND LEISURE TIME OCCUPATIONS FOR THE BENEFIT OF THE INHABITANTS OF THE LOCAL AREA.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	RAISING FUNDS TO SUPPORT THE SPORTS CENTRE FOR THE BENEFIT OF THE INHABITANTS OF THE LOCAL AREA.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	THEY HAVE.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	FUNDS HAVE BEEN RAISED TO SUPPORT THE SAFFRONS SPORTS CLUB AND GROUNDS WHICH IS BOTH HISTORICALLY IMPORTANT AND PROVIDES RECREATION AND LEISURE ACTIVITIES FOR THE BENEFIT OF THE INHABITANTS OF THE LOCAL AREA.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	SOLVENT AND HEALTHY IN RELATION TO FUTURE EXPECTATIONS.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	TO MAINTAIN HEALTHY RESERVES FOR THE SUPPORT OF THE CHARITY GOING FORWARD.
Amount of reserves held	Para 1.22	£91,295
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	MEMORANDUM & ARTICLES OF ASSOCIATION
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	COMPANY
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	ELECTED BY COMMITTEE

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charityname	EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED
Other name the charityuses
Registered charitynumber	1005890
Charity’s principal address	THE SAFFRONS, COMPTON PLACE ROAD, EASTBOURNE, EAST SUSSEX BN21 1EA

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	DAVID GUY STEVENS
	CHRISTOPHER ALAN WADMAN	DIRECTOR
	ROGER STUART MYALL	DIRECTOR

– Corporate trustees names of the directors at the date the report was approved

Director name David John Lockyer Roger Stuart Myall Andrew Howard Price Christopher Alan Wadman Antonio Mario Pompei Guarino

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) David Lockyer Full name(s) DAVID LOCKYER Position (eg Secretary, CHAIRMAN Chair, etc) Date 28/07/2021

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020

	Page
Company Information	1
Report of the Directors	2
Income Statement	3
Balance Sheet	4
Notes to the Financial Statements	5
Report of the Accountants	8
Detailed Income and Expenditure Account	9

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

COMPANY INFORMATION for the Year Ended 31 December 2020

DIRECTORS:

REGISTERED OFFICE:

REGISTERED NUMBER:

ACCOUNTANTS:

C A Wadman R S Myall A H Price A M P Guarino D J Lockyer

Unit A6 Chaucer Business Park Dittons Road Polegate East Sussex BN26 6QH

02657832 (England and Wales)

MDJ Services Limited Unit A6 Chaucer Business Park Dittons Road Polegate East Sussex BN26 6QH

Page 1

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

REPORT OF THE DIRECTORS for the Year Ended 31 December 2020

The directors present their report with the financial statements of the company for the year ended 31 December 2020.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2020 to the date of this report.

C A Wadman

R S Myall

A H Price

Other changes in directors holding office are as follows:

A M P Guarino - appointed 25 June 2020 D J Lockyer - appointed 25 June 2020

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R S Myall - Director

23 June 2021

Page 2

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

INCOME STATEMENT for the Year Ended 31 December 2020

Notes TURNOVER Administrative expenses Other operating income 3 OPERATING SURPLUS Interest receivable and similar income SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR	31.12.20 £ - 93,783 (93,783) 113,038 19,255 21 19,276 - 19,276	31.12.19 £ - 72,880 (72,880) 94,555 21,675 47 21,722 - 21,722

The notes form part of these financial statements

Page 3

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED (REGISTERED NUMBER: 02657832)

BALANCE SHEET 31 December 2020

		31.12.20	31.12.19
	Notes	£	£
CURRENT ASSETS
Debtors	5	1,240	14,179
Cash at bank		93,515	58,040
		94,755	72,219
CREDITORS
Amounts falling due within one year	6	3,460	200
NET CURRENT ASSETS		91,295	72,019
TOTAL ASSETS LESS CURRENT
LIABILITIES		91,295	72,019
UNRESTRICTED FUNDS
Income and expenditure account	7	91,295	72,019
		91,295	72,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2021 and were signed on its behalf by:

R S Myall - Director

The notes form part of these financial statements

Page 4

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Eastbourne Saffrons Sports Club Trust Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company is a charity registered with The Charity Commission for England and Wales (Registered number 1005890).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Recognition of income

Income is recorded in the Income Statement when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability. Grants and donations are only included in the Income Statement when the general income recognition criteria are met.

Page 5

continued...

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020

3. OTHER OPERATING INCOME

ANALYSIS OF INCOME

31.12.20 31.12.19 Unrestricted Unrestricted funds funds £ £ Donations: Donations, grants and gifts 43,520 14,425 Charitable activities: Rents 69,518 80,130 113,038 94,555 Income from investments: Interest income 21 47 Total income 113,059 94,602 4. EMPLOYEES AND DIRECTORS The average number of employees during the year was NIL (2019 - NIL). 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 £ £ Trade debtors 1,240 10,179 Other debtors - 4,000 1,240 14,179 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 £ £ Other creditors 3,460 200 7. UNRESTRICTED FUNDS CHARITY FUNDS 31.12.20 31.12.19 Unrestricted Unrestricted funds funds £ £ Income and expenditure account: Fund balance brought forward 72,019 50,297 Income 113,059 94,602 Expenditure (93,783) (72,880) Fund balance carried forward 91,295 72,019	31.12.20 31.12.19 Unrestricted Unrestricted funds funds £ £ Donations: Donations, grants and gifts 43,520 14,425 Charitable activities: Rents 69,518 80,130 113,038 94,555 Income from investments: Interest income 21 47 Total income 113,059 94,602 4. EMPLOYEES AND DIRECTORS The average number of employees during the year was NIL (2019 - NIL). 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 £ £ Trade debtors 1,240 10,179 Other debtors - 4,000 1,240 14,179 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 £ £ Other creditors 3,460 200 7. UNRESTRICTED FUNDS CHARITY FUNDS 31.12.20 31.12.19 Unrestricted Unrestricted funds funds £ £ Income and expenditure account: Fund balance brought forward 72,019 50,297 Income 113,059 94,602 Expenditure (93,783) (72,880) Fund balance carried forward 91,295 72,019	31.12.20 31.12.19 Unrestricted Unrestricted funds funds £ £ Donations: Donations, grants and gifts 43,520 14,425 Charitable activities: Rents 69,518 80,130 113,038 94,555 Income from investments: Interest income 21 47 Total income 113,059 94,602 4. EMPLOYEES AND DIRECTORS The average number of employees during the year was NIL (2019 - NIL). 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 £ £ Trade debtors 1,240 10,179 Other debtors - 4,000 1,240 14,179 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 £ £ Other creditors 3,460 200 7. UNRESTRICTED FUNDS CHARITY FUNDS 31.12.20 31.12.19 Unrestricted Unrestricted funds funds £ £ Income and expenditure account: Fund balance brought forward 72,019 50,297 Income 113,059 94,602 Expenditure (93,783) (72,880) Fund balance carried forward 91,295 72,019
	funds	funds
	£	£


	72,019	50,297
	113,059	94,602
	(93,783)	(72,880)


	91,295	72,019

Page 6

continued...

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020

LIMITED BY GUARANTEE

The company is limited by guarantee and therefore does not have a share capital. In the event that the company is wound up, each member of the company is liable to contribute an amount not exceeding £1. At the balance sheet date the number of members was 8.

Page 7

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2020 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

MDJ Services Limited Unit A6 Chaucer Business Park Dittons Road Polegate East Sussex BN26 6QH

23 June 2021

This page does not form part of the statutory financial statements

Page 8

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED

DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 December 2020

Income Other income Donations and legacies Charitable activities Government grants Deposit account interest Expenditure Rent Rates and water Sundry expenses Grants paid Bank charges NET SURPLUS	31.12.20 £ 16,520 69,518 27,000 21 24,500 275 1,926 66,992 90	£ - 113,059 113,059 93,783 19,276	31.12.19 £ 14,425 80,130 - 47 23,500 2,740 550 46,000 90	£ - 94,602
				94,602 72,880
				21,722

This page does not form part of the statutory financial statements

Page 9

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name EASTBOURNE SAFFRONS SPORTS CLUB TRUST LTD members of On accounts for the year 31/12/2020 Charity no 1005890 ended (if any) Set out on pages

1-2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2020.

Responsibilities and basis of report As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,:

the accounting records were not kept in accordance with section 130 of the Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signed: T Jenkins Name: THOMAS PETER JENKINS F.M.A.A.T. Relevant professional qualification(s) or body (if any):

Date: 28/07/2021

October 2018

IER

Address: UNIT A6 CHAUCER BUSINESS PARK

DITTONS ROAD POLEGATE EAST SUSSEX

BN26 6QH

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here details of any items that the examiner wishes to disclose .

October 2018

IER