2023-12-31-accounts - Eastbourne Saffrons Sports Club Trust Limited

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Trustees’ Annual Report for the period

From 01/01/2023 Period start date To 31/12/2023 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	The trustees have had regard to the guidance issued by the Charity Commission on public benefit

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 are both historically important and provide recreation and leisure activities for the benefit of the inhabitants of the local area. The Saffrons grounds are the home for a number of local sports clubs and are used by others, e.g. youth football club and local schools, for training and matches.

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	The charity has a strong balance sheet, including £80,734 in unrestricted cash. The charity is solvent in relation to future expectations
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	To build and maintain healthy reserves for the support of future activities of the charity
Amount of reserves held	Para 1.22	£111,881
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 any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
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 limited by guarantee
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 either the members or Board of Trustees. Trustees retire annually, but may be reelected. The Governing Documents require a minimum of 3 trustees.

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

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

Reference and Administrative details

Charityname	Eastbourne Saffrons Sports Club Trust Limited
Other name the charity uses
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

Trustee name	Office (if any)	Dates acted if not for whole year
Roger Stuart Myall	Director, Chair
Andrew Howard Price	Director, President
Antonio Mario Pompei Guarino	Director
David Robert Murray Wilson	Director, Treasurer	Appointed August 2024

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

Director name

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) Full name(s) Position (eg Secretary, Chair, etc) Date	R Myall
	ROGER S. MYALL
	CHAIR
	2 September, 2024
	2 September, 2024

Report of the Directors and Unaudited Financial Stalement5 lor the Year Ended 31 December 2023 for EASTBOURNL SAFFRONS SPORTS CLUB TRUST LIMITED

EASTBOillilYE SAFFRONS SPORTS CLUB TRUST Contents of the Flllmci ststrments for the Year Ended 31 DeCeber 21n3 Pagt Compny InfOrntIOn Report ofthe Dlrttton Income Stthnwit otber CompreheDJfv¢ In¢om¢ B8lAn¢e Sheet Statement of Changes In Equlty Note# to the Flnanclal Ststements Report of tht Aecountsnts 10

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED Cumpany Infurmation for the Year Ended 31 December 2023 DIRECTORS: R.S Myall A H Price AMPGwino REGISTERED OFFICE: Unit A6 Chaucer BsIne&S Park Dittons Road Polegale Easl Sussex BN26 6QII REGI.STERED NUMBER: 02657832 (England and Wales) ACCOUNTANIS: Ml)J Scrviccs Limited Unit A6 ChduLLr Busine&s Park Dittons Road Polegale East Sussex BN?6 6QI I Page I

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITF,D Report of the Dir¥ctors for the year Ended 31 December 2023 Thc diTCCtOTS prcscnt their rwrt with thc financial staiunrnts of the Lompany for the year ended 31 December 2023. DIRECTORS Thc directors shown below have hcld offjcc during th¢ whol¢ of the period from l January 2023 to the date of this report. R S Myall A H Price A M P Guarino Other changes in directors holding olTJcc arc &$ follows: D J LA)ckyer - deceased 30 January 2023 S J J¢nnings - resigned 24 Janudry 2023 D Wilson- appoinied 4 Qctobcr 21)23 D Wilson c¢&Yd lo be a director after 31 December 2023 but prior (o the date of this rewrt. Thi5 rcport has bccn prcpared iii accordance with the provisions of Part 15 of thc Companies Act 2(M)6 relating to small coinpwiies. ON BEHALF OF THE BOARD: R S Myall - Dirccior DatL"'. Page 2

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITF.D Incvme Statemvnt for the Yvar Ended 31 December 2023 31.12.23 31.12.22 No*s TURNOVER AdministrA(ive expenses 104.564 147,582 (104,564) (147,582) Othcr opernting income 115.713 147.582 OPERATING SURPLUS And SURPLUS BEFORE TAXATION 11.149 on sury)lus SURPLUS FOR THE FINANCIAL YEAR 11,149 The notes forni part of thgse financial ststements Page 3

EASTBOURNE SAFFROWS SPORTS CLUB TRUST LtMrrF.D Othvr Cvmpreh¢Thslv¥ Incume for the Year Ended 31 December 2023 31.12.23 31.12.22 Notes SURPLUS FOR THE YEAR 11,149 OTHER COMPREHENSIVE LYCOME TOTAL COMPREHEYSIVE INCOME FOR THF, YF.AR 1.149 The nole5 form part of these financial statements Page 4

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITF.D (RF.GISTF.RED NUMBER: 02657832) BalanLe Sheet 31 December 2023 31.12.23 31.12.22 Notes CURRENT ASSETS Debtors C &sh al bank 33,425 113234 14,622 102.132 146.659 116.754 CREDITORS AmounLS falling duc within one year 2.278 3,358 NET CURRENT ASSETS 144,381 113.396 TOTAL A&SETS LLSS CURRENT LIABILITILS 144,381 113.396 RF.SF.RVF.S Sinking Fund Reserve RLstriLILd ndS rLSLIVC Income and expenditure account 50,orJJ 32.5(M) 61.881 12.664 I,732 144.381 113.396 Thc comp£ttty i.g ¢nLiLled to exempuon from audii under Seciion 477 of the C'.ompanies ACL 2(K>6 for the year ded 31 De¢'¢mb¢r 2023. The membcrs havc not required thc company to obtain an audit of iLq financial statements for the year ended 31 Dcceniber 2023 in accordancc with Section 476 of the Con)pani&4 Aci 21YJ6. Thc dircctors acknnwlcdgc thcir resFrt)ngibilitics for: (a) cnsuring that the Company keeps accouniing records which comply with Sections 386 and 387 of the Compani Act 2006 and (b) prcpdiring findU)Cidl 51alcmcnts which givc a tNc and fair ViVV of th¢ statc uf affairs of the company as at the end of each tinancial ycar and of its Surp1 or dcticit t.or cach financial year in accordance with the requircments of SecLions 394 and 395 and which otherwise comply with thc requircmcnts of the c.ompani Act 2(K)6 relating to flnancial Statemen so far as appliLable lo the Lompany. The fmancial statemenLs have been preparcd in accordance with the provisions applicable to ¢ompani&g subject the small compani&s regim¢. The finanuial staternenL8 were approved by the Board of Directors and autharised for i&suc on 20 i. and were signed on its behalf by.. RSMyail-D' ctur The notes forni part of the.ge financial ststements Page 5

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED State7nent of Changes in Equity for the Year FJnded 31 December 2023 Sinking Fund RTve RG5trictcd funtts reserve Rctaincd earnings Total equity BAlance at l January 2022 l(K).732 100,732 Change5 In equity Funds rcceived for S]riC purposcs 12.664 12.664 Balance at 31 December 2022 l (K),732 12,664 113,396 ChAnEes In equlty Totdl LumprchLiisivL incomc Transfers bctwccn funds Fun(Ls received for sp¢cific purpvs¢s 11,149 150.IKM) I 11,149 50,(KK) 19,836 19,836 Blnce At 31 December 2023 61,R81 50,(MM) 32,51)0 144.381 The note5 form part of these financial statements Page 6

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITF.D Notes to the FlnaDclal Ststements for the Ye¥r Ended 31 December 2023 ST ATtrroRY TNFORMATION Eastbournc Safftons spo Club Tn]st Limited is a prtvdtc cumpany. 11rnit by guarantee. registered in England and Wales. The companys registered number and registered office addrass can be found on the Company Infonnation page. The prcscntation currcncy of thc financial statemcnts is thc Pound Stcrling (£). Tlie c4)mpany is a charily regisr¢d wfrth The Cllarity C".ommission for England and Wales (Regisr¢d number 1005890). ACCOUNTING POLICIFS B4sls of preparln% the flnAnclxl stslements Thcsc fiiiancial statcmu)Ls have been in accordance with Financial RertIng Standard 102 The Fiiianci&l Reporting Stsndard applicable in the UK and Republic of ireland. including the provisions of Section IA "Sinall Enlities" and the Companies Act 2006. The financidl stalements have been prepared under the hists)rical cust Lonventiun. T#xtion Taxation for the year comprises current and dcfcrrcd tax. Tax is rccogniscd in thc Incom¢ S¢atcmenL excq)t the extent that il rela io ims recognised in other conwrehensivc incvmc or direcuy An equily. Current or deferred taxation asseLs and liabilitios are not discounted. Currenl Lax is recognised Qt the Lunounl of tsx payable using thc lax rntrs and laws that have been enacled or sub.stdntivuly ¥ThLiL'd hy thL shLL% dd.. Dt(erred tax l)ctcrrcd tax is rccognised in respecl of all timing diffcrcnccs thai havc originated bui not rcversed ai the balance liect dale. Timing diffcrcnces arisc from thc inclusion of income and cxpcn.s in &s.se&smcnts in pcriods different from thosc in which Ihcy ar¢ recognised in financial siaiemenL8. Deferred is me&sured sing lax ra¥ and laws thai have been enacted ur subsiantively enaded by the yvar end and that aff expecl¢d Iv apply tu thc reversal vf the timing diffcrcnLc. Unrelievcd Lax 1058&5 and other deferred thx &&seLs are recognised only to the extent that il is probable thoi they will bc reLI)vered agJin5l revcrsal of dcfcrrcd tax liabilitics or other fiiture taxable protits. Hlrc purchase and le4slnR COTnmltmcnts RLlltals P&iid widLr (bpLratiDbF Icascs chargcd to Sutplus or dcficlt on a straight line basis over the period of the le&qe. Recognltlon of Income Inconie is recorded in the Income Ststement when the charity becomes entided to the resources, it is more likely than not thai thc inistccs will rcceive the resourLeS and the monetary value can be ineasured with sufficicnt reliability. Grants and donation5 are only includcd in the Income Statcmcnt when the general income recognition criteria are meL Page 7 ontinucd...

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED NotL¥ to thL Financial StatL'ments- Luntinued for the Year Ended 31 December 21b23 OTHER OPF.RATING INCOME ANALYSIS OF INCOlk 31.12.?3 unStrICted runds Unrestricted Donatlons: Doiiaiions, grants and gitts 10,962 40,893 Churitahle activlties". RcnLs and contribulionii from clubs 104.751 106,689 115.713 147.582 ncome from Investmenls: In¢crasl in¢umc Total income 115,713 147.582 F.MPI,OYF.F.S AND DIRF,CTORS Thc avcrd¥¢ number uf dircctors duryng thc year w&$ 3 (2022 - 5). DEBTOILS: AMnUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 OthLY debr$ 33.425 14,622 CREDITORS: Amouwfs FALLINCI DUE WITHIN ONE YEAR 31.12.23 31.12.22 Other creditors 2,278 3.358 Page 8 ontinuc(L..

EASTBOURNE SAFFRONS SPORTS CLUB TRUST Nvtvs to the FInancI Statements- cundnued for the VeaT Ended 31 December 2023 RESERVES CHARrrY FUNDS 31.12.23 31.12.22 Unttstrictcd fun(Ls Unr&stricted fimds Unre5tr1cted Funds Tncume and tKpendlture ac¢ovnt: Fund balanLe bmuglil l(Jrwurd Incoinc Expenditure Transfers out 100,732 115.713 1104,564) (50,(XK)) I ¢Y).732 147.582 (147.582) Fund balance caryied forward 61,881 100,732 31.12.23 R&stricted funds 31.12.22 Restricted Restrlcted Funds Restrlcted funds reserve: Fund bull¢ bruughi luiward RL'L¢ivcd iii th¢ pLri()d 12.664 19.836 12.664 Fund balance carried forwurd 32.51J) 12,664 31.12.23 RL%tri¥tLd fimds 31.12.22 Restri¥ted Sinking Fund Slnldng fund reserve: Fund balance brought forward Trdnsf¢rs in 50,000 Fund balance Carried forward 50,000 LtMrrED BY GUARANTEE The cnmpany i.s limiied by guarantee and thercfore does not have a share capital. In the event thai the company is wound up, each member of the cornpany it> liable contribu* an amount nol exceeding £1. Ai the balance sheet dale ihe nury]ber of members was 8. Pag¢ 9

EASTBOURNE SAFFRONS SPORTS CLUB TRUST LIMITED Rewjrt Of the Ac¢ouDt2Dts to the Directors of Easlbourne Saffrons Sports Club Trnyt Lfimfited As dGwihed on the Balance sht are rwsible for the preparation of the finanLial statements fDr the year ded 31 Ikcember 2023 set out on pages three to ninL and you cojisidcr that thc company is ¢xcmpt ftDm an audit. In ac¢ordance with your insirnclion5, we haie compiled th&se ui)audiied Ilnancial slotunenLs in order &ssisl you to fullil your slatuiory reswnsibililie4 from thc accounting COrdS and infom]ation and cxplanatiOD5 supplicd to . MDJ Scrviccs Limit Unit A ChauLer BlesS Park Ditlong Road Polegale E&%[ Sux4ex BN26 6QII Date.. This page th)cs fffln part of the slalutory financial statements Page 10

Report of the Directors and Unaudited Financial Stalement5 lor the Year Ended 31 December 2023 for EASTBOURNL SAFFRONS SPORTS CLUB TRUST LIMITED