ARGYLL GARDENS BOWLING CLUBS TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEM8ER 2023 HILLOSBORNE CHAkT£4ED ACCOUNTANTS & BUSINESS ADVISERS
Aryyll Gardens Bowling Clubs Trust INDEX TO THE FINANCIAL STATEMENTS Page Legal and Administrative Infomiati)n Execulwe Ccxnmitlee's Annual Report Statement of Exule Committee s Respx)nsibilities IndependerTt Examine¢s Report statemeni of Financkal ActNities Balance Sheet Notes to the Account$ 8- 11
ARGYLL GARDENS BOWLING CLUBS TRusr TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Legal and Adminlstrative Infomiaknon EXECUTIVE COMMITTEE.. Chairman C Greaves Other Members R Buck J Crowe K Rees J Roberts (Appointed on 26 November 20221 C Graham (Appointed on 26 Ngvember 20221 HONORARY OFFICERS: Treasurer R euck SeGretsry C Graha CONSULTANT: Ex officio S Hill P Harding PRINCIPAL OFFICE.. 5 Faversham 50 Westcliff Road Bournemouth BH4 8BB CHARifY NUMBER: T9755 ACCOUNTANT AND INDEPENDENT EXAMINEK. Hill Osborne Tower House ParkstDne Road Dorset BH152JH Page 1
ARGYLL GARDENS BOWLING CLUBS TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees present Iheii re[rt and accounts of the chanty for the yeai ended 30 September 2023. The accounts have beèn prepared in accordance with the accounting pOIleS set out in note 1 to the accounts and comply with the charity's ¢onslitulTcn. the Clarities Act 2511 aid 'Accounling and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordaice with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectwe 1 January 20191" Objèetives and Activities The objects ol the charity are lo wovide for the inhabitants of Boutnemouth and the neighbourhood, in the interests of soaal welfare, bowls f3olities for recreation and leisure bme {)up8t10n. for the purposes ol relaxation and with the objects ol improving the life ol said inhabrtants. The Irb'stees havè paid due regard to guidance tssued by the Charity Commission in deciding what activities +he cPJ8rity should undertake The Charity has continued to support rts members during the year. Function Fayre Café Concessionaire Contract was terminated on 31 March 2023 and a 3 year contract with MSR South Ltd was signed effe¢tive from 1 April 2023. The Cafe is operated by a separate business and the Tru51 chaiges that bLJsiness an annual rent. together with charges lor gas. elecLricity, waterl sewerage ar.d maintenance. The Trust pays lo repair or replace ils assets in the Café. Income arises from season lickel sale5. daily receipts duiing Ihe season from persons playing on the greens, the rènt from the ca',é and sundry itéms ot income re12ting to league VIeS and otttor use of thé greens. With the change in approach by Bournemouth Council this is the e]fth year during which the Trust was responsible for maintenance of the greens all year round with rnar..ageFnent license chargè to pay to the council. Expenditure now Includes the maintenance of tho greens. together with the Café expenses and thÈ general administrative running costs of the Trust. A¢hiev•mgnts and Pèrformance Income increased by £2.138 fro the PFèViOUS yeai. Expenditure inerea5ed by £4.834 and IhÈ final result was & deficit of £3,287 on the general fund. The lai9e inciea5e of approximately £8 500 in fuel costs due to trhe market uncertainty has impacled on both our Income and Expenditure as all gas and approximaiely 90% of electncty costs are rechargeable to the Cale Contessionaire. Accruals include £3.744 for a kle invoice from our Greenkeeper for additional labour materials and equipment hire th1s year. Thls the e4ft season when no m2na9emeni chargè will be levied by BCP Council but In return the club 11 be respc>nSible for all the 9reen maintenance tO9ether with the buildin9s and machinery insurance, machinery mainterance and replacement together with water bills. Page 2
ARGYLL GARDENS BOWLING CLUBS TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ÉNDED 30 SEPTEMBER 2023 ICONTINUEDI Financial Review Tle nel defic1t for the year was £3.287 on the up.restpted oÈnÈral purposes fund. Thè Ch8rily has aGcumulated cash reserves al 30 September 2023 of £42,568 aid net curreit assets of £26.090 which the TrLJStees Gor15Kler to be sa¢isfaclory_ Achievements and Perfomiance Icontinuedl The Charity's funds are held in a Lloyds Treasurers Current account and an Instant Access Business accoLint. Res8rv8s Policy t is the policy of the Trust that uniestricted funas which have not beerE desigiated for a specific use Should be maintained at the current level In anbcipation of any ur..known or unforeseen expendrtknre that the Gouncil rnay wish the Trust to carry out. The Trustees cons1der that reserves at this level will ensure that. In the event of a significant diop in funding, they will be able to cor.tinue the charity's current actNilies while consideration is given to ways in which additsonal iunds may be raised structure. Governance and Management Governing Document gyll Gardens Bowling Clubs Trust is a registered chartty gDvemed by a constitution adopted on 14 March 1998 and amended on 20 March 2004 and 08 December 2007. Membership of the Trust Is open (without election) to all persons in the area of Boumemouth and neighbourhood throgh membershtp of thé Argyll Bowling Club. The Trustees who served during the year and up to the date of signature of the financial 51atements were.. C G.'eaves R Buck J Crowe C Cr2ham K Rees J Roberts J Phipps J Mead (Appointed 26 Novemb&r 2022) (Appointed 26 November 20221 IF<esigned 1 October 20221 (Resigned 1 Octobei 20221 Appointmerit of Trustees The Executive Commlttee (six membersl are elected at the Annual General Meèting each year and, subject to lèmination ol by Tesignation or otherwise. shall remain in Offe until t*eir successors are elected al the next Annual General Meeting. The Annual General Meeting shall elect such honorary officers of th6 Trust lincluding the Secretary and TreasLJrerl as it may from bme tts time determine. The honorary oKicers are ex-officio members of the Comfnittee. The Annual General Meeting shall be held ery year immediately following the Annual General Meeting of the Club in NovenEber. On behalf of the ExecutNe Comtnittee Greaves- Ghaimian D81e". - Zwzs page 3
ARGYLL GARDENS BOWLING CLUBS TRUST Statement of Executive Committee's Responsibilities for the year ended 30 September 2023 The Executive Committee are fesp)nsibfe for preparing thè Trustees. Report and the fin8ncial slalernents li a¢cord8nce with applEcable law and United Kingdom Accounting Standards Iunrted Kingdom Generally Aceepled Accounting Practice}. The law applicable to charitiès In England and Wa5es requires the Exècutive Commrttee to Prepare finaneial statements for each financial year which give a true 6nd fair view of ihe slate of affair5 of the charity and ol the incoming resources and application of resources of the Chanty fof that year. In prepaiing these financial statements the Execulwe Commrttee alp rUired to.. al select suitable accounting policies and apply them C¢TrFSlStenby". bl observg the Meth18 and principlts In the Cbaflties SORP. cl make judgements and estimates that are reasonable and prudent", dl state whether applioable a¢¢ounbng standards have been followed, subjeet to any material departures disclosed and explained in the accounts". el prepare the financial staternent5 on the going concern basis unless it is inappropriate lo presume that the charity will be able to con.:inue in operabon. The Exècutive Committee are responsib for kpiftg sumicient accounting *cords that disclose w11h reasonable a¢cura¢y at ary time the financial PDSrtion of the charrty and to enable them to ensure Ih2t the finan¢ial slatements comply with the Charities Act 2ts11, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Irust deed. They are a150 responsible for safegLJa",din9 the assets of th¢ charity 8nd lien for taking reasonable steps for the prevenlion and deteGb'on of fiau(J antl other irregularities. Page 4
ARGYLL GARDENS BOy1NG CLUBS TRUST Independent ExamineS Report to the Trustees I report to the trustees on my examination ol the accounts ol Argyll Gardens Bowling Clubs Tnjsl (the Charityl for the year ended 30 September 2023. ReSpOn[bIlItieS #nd basis of report As the Iibstees ol the Gharty you are responsTble for the preparation of the accounts in accordance with the requirements of the Charit5es Aci 20", 1 Ilhe 2011 Act). I report in respect ol my examination of the eharEty's accounts carried out under section 145 01 the 2011 Act In carrying out my examipalion I have followed all the applicable Diredion5 given by the Charity Commission ur.dèr sects.on 14515llbl of the 2011 Act. Independent examinerfs statement Your attèntion is drawn lo the lact that Ihe charity has prepared accounts in accordance with Accounting and Reporting )y Charities prepar:.ng thei,- aGGounls in accordance witm the Financial Reporting Standard applicable in the UK and Ireland IFRS1021 in preference lo the Accounliru and Reporting by Charities.. Statement ol Recommended Practice Issued on l Apnl 2005 which is referred lo in the extant regulations but has now been withdrwwn. l understand that this has been done in order lor the accounts tc provide a true and fair view in accordance with Generalty Accepted Accounting Pwlice effed.ive fof reporting periods beginning on or after 1 January 2015. I have cornpleted my exarninatron. l ¢¥n eonfim that no matters has come to my $ttention in connection with the examination gtving me cause tts believe that in any matorial respe¢l". 11 accounting records were not kept in respect of Ihe charity as iequiied by secb'on 1 30 of the 2011 Act., Dr 21 the accounts do not ac¢ord with those records". or 31 the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts set out In the Charities IAcwunTrs and Reports) Regulatons 2008 other than any requirement that the accounts give a true and feir view wnich Is not a matter ¢on51detsd as part ol an independent examination. I have no concerns and have come across no other matters in conneclion with the examinab.on to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. L Ball. FCA Hill Osborne Tower House Parkslone Rtrad Poole DDrsÈl BH152JH Date.. Page S
Argyll Gaidens BowFing Club5 Trust STATEMENT OF FINANCIAL ACTivrtlES tor the year ended 30 SeptembeT 2023 Year ended 30 Sepiemir 2023 Unrestricted Funds General Year ended 30 September 2022 urestCted Funds General Income from.. Dooalions and legacies 8.313 Charitable ktsvtses Bowllng A¢UvlUes Season TKket5 Lo¢kers Till Receipts 19.415 1.090 5,905 17.580 930 .410 23.443 Income resources frtsm gÈrtÈta¢ed fvnds Cafe Renf 24.382 17,106 ?0.792 48,862 Other 8ank Intèr Recewed 214 Total Income 48,868 Expenditute on.. Charitable AGtivitie5 Clean'ng Clean..ng M?teria In5urare Greep-Keeper Greep. maintenar Pl.aterials G."een set up Water Repairs and Renewals Bank Charges 3.572 296 1,977 10,554 1.550 1.175 2.504 4.113 17 25.758 316 1224 11.190 1.934 2.419 3.294 70 26.085 Costs ol generatlng voluntsry Income Electncty Gas Telephone Bar J¢en¢e TV LicÈnce Musc Licence Repair5 & ienewa Kitchen equipment depreriatson Bar & equipment depre&ation Fixiures, flbnys & eqJ',pmenl depreciation achinery deprec.abon 13.289 4.135 531 70 165 245 4.325 1.934 470 62 1,873 6.161 2.965 450 70 183 221 8.391 995 194 488 2.001 .ts79 GoveTnanGe ctssts.. O1.,nting, posiage and atsonery Sundry Independerrt Examiner5 fre 98 335 249 1,100 1209 54.293 1,622 49,459 Tot21 resources expended Net incoming resourcos befoie tran$fÈrs Reconclllation of funds- Toial funds brought forward Total carried fOard 46,935 43.648 47,526 46,935 The statomonl of financial al.. atK losse5 reco£wised n the Year l income and exPeitUre deriye from Cotttn9 b¥leS Po6c6
Argyll Gardens Bowling Clubs Trust 8312nce Sheet As at 30 Septèmber 2023 Notes 2023 2022 Fixed Asset5 Tangible A5set5 Kitchen eqJipwent Bar & Equipment Fixiures. fittings & equipmeTrt Machnery 2.110 420 124 14.904 1.415 194 186 16.777 17,558 18.572 Curront Agsets Cash al bank and In hand 42,S68 42.568 41,531 41.531 Credttors: •mount$ falling due within one year Net Currer.t Asse15 Total asset5 less curiÈnt liabilities 16.478 13,168 2g 363 46.935 28,lYJO 43,648 Income Funds Unroslricted General Purposes Fund (sée page 61 46.935 46.935 C G8ve$- Chairtnan R 8Jck- Trustee Th8se firyancia, ststements were approved on 2s/.Iil. Za.L3 Pa80 7
Ar9yII Gardens Bowling Clubs Trust for the year ended 30 September 2023 NOTES TO THE ACCOUNTS 1 Accounting Policigs 1.1 Accounting Convention Tk..e awunts have ?een Pread in accordance wtth tre charity's constittho-: the Charitye5 Act 2011 2nd"Accounting and Reporting by Ch3rities" Slalemenl of Reprnended Practice applicab to Jarilies preparing their atrtsunts in accordancè th the Finanal Repothng Stsndard applicable in the UK ¥•d Republic o I1& IFR51021 (effective 1 January 20191" This 1$ 8 PubSic Berfrt Entity as defrned by FRS1(r2. The Charty has tsken advantage ot the provisions in SORP for chaiitEs applyJtvJ FRS 102 UFxSate Bultin I not to prepare a Statement ol Cash Flows. The a¢¢ounts have been prepar under the nislorical cosl omventton. The srinc',pal a(xx)untirbg poliues a(Jopted I sel out bg10w. The au15 are PEepared ln ste-ling, whth Is the fijnctronal ojrrency of Ihe charty. Monetary arnounts in these financia St8tèmenis are rounded to the nearest £. 1.2 Going concern At the time o.. approving the accounts. desth the most tyng ofbmes the Exewtiv8 e0mfflee h8ve 8 reason8b18 8xpectation that Ihe charty h89 sdequate resource5 lo ntsne in operab'onal esien fo", the foieseeable future. The Executive Comrriittee cor.tinue to adop+ the going conrn basi5 of accountiThJ in preparing the accounts. 1.3 Gharitable funds The general pUoSe$ funds is an unrestricled fund. 1.4 Incomlng resources al Income from 60%lg Avits is Fecognise# when r[Ved bl Inciyne fratn the Ca 12 recognBed on a basi% cl Other incorne 15 rewgnised when reved. 1.5 Resolsrces expended a,, Resour5 pxpended 30 rewnised In the penod In are Inwr bl RÉsourc@s experKled are alloted to a pzrtcular gctivity where costs late to that activty. Page 8
Argyll Gardens Bowling Clubs Trust for the year ended 30 September 2023 1 Accounting pollcies l¢ontinyedl 1.6 DeptIaon Depreciation is prOVed at the fo11cn9 annual rates". Kitchen Equipment Bar & EqJipTient FIx&ure$. F1tlings & Eouipment Machinery 25% stsaighl Line 25% Stra ghl Line 25% sira 9hl L.ne 10% stra."ght L'.ne The gain or $$ on the d?sposal cf an asset is determined as the drfference betsften le sale pro$ and the caryng valu8 ¢f the ¥ssel. is recognised in net incomelexpendttutt for Ihe year. 1.7 ImpaFrm&nt of fixed assets At e8Gh reportng dale. Ib.e charity reviews the carrwry arnounts of Its tagits1& fix¢d ass&ts ID detemine whe':her Inere is any INd,tiOn that those assets have suYI ered an Impa1rtnent itrss If any suth InoKaiion exEts. the rew¥erable amovnt of the as5el i% estimated in order b determine the extent o.. the unpaitmenl loss lif aiyl. 1.8 Gash an(J Gash equivalents Cas.? and cash equlv3nts ir.dude cash pi hand and deposts hew at Ytr.. banks. 1.9 Financial in5truMents The chapity 4as 9Ctad to appty thg provisions Dt Sgction ¢1 'Bas Frnanoal Instnjments. a)d Section 12'0thef Financk21 Instruments Issues. of FRS102 to all of its financial 1nsuwnets. Finalal irÈstrum8nls arÈ reetgni%ed in the thity5 balan 5heel when the charity becornes Patty lo the contrdctual provislOn5 of Lle Insirumeni. Finantial assets anct ri8bffrties are oftseL With trie net amounts presented in fiiar.aal staterneits. when there is a legally enforcèable right lo sei off the recogri£ed amounLs and the is an Inlenbon lo settle CD a nel ba51& Dr lo realise the asset and 5etde Ihe1oLlty simuitsneDUSty. Basic r Inan¢ial assets Bas1c finanoyal asse. which indude debt¢ and cash aTh1 baik bal2nces. are initualty. measured at transacbon price induding trènsaclion costs arè subsequenuy c31fi&i al arrortsed $1 Using the effective interest Meth unless thÈ arrangement c0Tr5litUF a traiSaGEion. wheTe the transactson 5 tneasurett a-. the present ¥aluE ol the futurE re¢eipts disrounied at a market rate rf Interest. Finanoal assets Ga5$1fLS as reIVa WI1 one year are not 3morti5ed. Basic financial liabiliti85 tsasic financL41 Iiaoilllies, Incitstring creaiors are In'.tsiy rewnLse" at trnnsacbory pTrce unkss arrangement constiiules a an&ng transaction, where the debt Instruinent IS eas{Irell at the present Val offvture payments OlscoJnt80 81 ¥ market ra of Interest F8&81 liabilifres datssrf as payab wlhin Year8 nL>t arnorted Debl Instruments are 8ubsequeniw carri&Y ai amortised ex)st. Using the effecbve Interest re method. Pa8e 9
Argyll Gardens Bowlin9 Clubs TTUSt for the year ended 30 SeptÈmber 2023 1 Accounting poli¢ies Icotrttnuedl Trade creditcr5 arE obF¥ations to pay for 9oods or Serv1 that have bepn awuired In the ordinary courso of oparations from suppIErs Amounts paYae are classffi8¥ 3S Cufrenl lbE1LeS rf payrynI IS duÈ oie year or s$ If not. +hey 8rÈ presented as non-curreni l ab tss. Trade ttÈditots are reco9nised initiaay at Itansaction price and subsequenly measured al amortised using the efective Interest method. Oerecognition of financial liabilrtiès Finanual Iiabilils a<È derewftid the ch8fiVs ¢Qntra¢al otrlvJ8lw)ns expire orartr d$chaf9ed or c3n¢6116d. 2 Critical accounting estlmates and judgements In the applicat of the chSFrtls accounl."ng policies. tne TrusEes ere required to makejvdg8monts. trstirnaios and aSsump'Ln$ abuul IhE rarryiryj arnounl of a55et5 and Iiaknlilies Ihat are not rea(Iily apparent from other source5 The eslNn2tQS 2nd assoualed 3ssurnplicFns are bas on hislgrLcal e[]en 8Th1 other laclors th21 ale (x)nser lo te revant Actsjal results may difte" from these estim.ates. The estima'.e5 and undertying assumptsns are r8view•Y on ao or,gtsTnS basls. Revision5 to aco)unling Éstim¥le$ arp recognised ift the in which the e5tifflale is rewsed tJere Ihe VilTOn affects only'that penod, or in the period of Ihe r8vi8ion and fulure perEod5 where the re¥isv)n affpds bolh eurtpnt and hrtvre {10[1$ 3 Truste8s' •xpenss èt¢. Whilst the chafity [el,bU[seS TSte_S fo. eyoilbTe on behalf af the charity the charty has noi Fnel any indwKJual expenses in¢Jrs by tha Tiu&tee5 for servi prowtsj lo.the charity. No member rflhe exEculNe cotnminee nor any petson corinect8J wth thern has reived or is de 10 reNe ap.y remuneratson or benefits for Ihe year ett[diry Of indirectty from ttE Charity's funds. 4 Employees Th6re no empbyees durity the y23r. 5 Fixed As$pts for use by the charity Bar& Fixt. Fits Mathinery Eouipineni Equipment & EqL.IP. Nèt 8ook Value at 0111012022 1,415 2.529 16.7T7 Addthns 890 186 16.777 sSai5 DoprocialioD I see rote 1 } Nel Book Vale ai 30109r2023 1.834 62 1.873 2.110 420 124 PaBe 10
Argyll Gardtsns Bowling Clubs Trnst for th• year ended 30 Septernbor 2023 6 Financial instruments 2023 2022 Carylng amount of financial a558ts Debt Instrumen15 tneasured al amortised cost Carrying amount of financial liabilÈties 16478 13.168 7 Credltors.. amoLFnts falling due within one y¢ar 2023 2022 Café con¢essionaire deposit Cafè Rent 500 500 3,300 3,145 1,940 1.166 1.038 1.514 425 4.250 Greenkeeper Waleilsewerage Electricity & Gas Accounlanis and Iependent Examination Fee Repairs S RerY&ss Insurance Tl Licen 3.744 1820 2745 1.1 1.678 475 41 40 BT 125 100 16.47B 13.168 8 Related party tran5actFons There w*re no disdOsab rejaied patty traThSathrO during the year12022- nme). Page 11