Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
Charity registration number 1069755
ARGYLL GARDENS BOWLING CLUBS TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Executive Committee Chairman C Greaves Other members J Crowe C Graham K Rees S Dickinson (Appointed 12 December 2023) Honorary officers Treasurer S Dickinson Secretary C Graham Consultant Ex-officio S Hill P Harding Charity number 1069755 Principal address 5 Faversham 50 Westcliff Road Bournemouth BH4 8BB Independent examiner Hill Osborne Tower House Parkstone Road Poole BH15 2JH
Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their annual report and financial statements for the year ended 30 September 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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).
Objectives and activities
The objects of the charity are to provide for the inhabitants of Bournemouth and the neighbourhood, in the interests of social welfare, bowls facilities for recreation and leisure time occupation, for the purposes of relaxation and with the objects of improving the life of said inhabitants.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Activities
The Charity has continued to support its members during the year.
The Café is operated by a separate business and the Trust charges that business an annual rent, together with charges for gas, electricity, water/ sewerage and maintenance. The Trust pays to repair or replace its assets in the Café.
Income arises from season ticket sales, daily receipts during the season from persons playing on the greens, the rent from the café and sundry items of income relating to league levies and other use of the greens.
With the change in approach by Bournemouth Council this is the thirteenth year during which the Trust was responsible for maintenance of the greens all year round with no management license charge to pay to the council. Expenditure now includes the maintenance of the greens, together with the café expenses and the general administrative running costs of the Trust.
Achievements and performance
Significant activities and achievements against objectives
Income increased by £9,500 from the previous year. Expenditure increased by £6,108 and the final result was a surplus of £105 on the general fund.
There was a large increase to the club insurance expense in the year. All clubs have been affected by a large increase in premiums.
Accruals include £2,690 in respect of our Greenkeeper, for additional labour materials and equipment hire this year.
This the thirteenth season when no management charge will be levied by BCP Council but in return the club will be responsible for all the green maintenance together with the buildings and machinery insurance, machinery maintenance and replacement together with water bills.
Financial review
The net surplus for the year was £105 (2023: net deficit £3,287) on the unrestricted general purposes fund. The Charity has accumulated cash reserves at 30 September 2024 of £38,468 (2023: £42,568), and net current assets of £28,843 (2023: £26,090), which the Trustees consider to be satisfactory.
The Charity’s funds are held in a Lloyds Treasurers Current account and an Instant Access Business account.
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Reserves policy
It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at the current level in anticipation of any unknown or unforeseen expenditure that the Council may wish the Trust to carry out. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Structure, governance and management
Governing Document
Argyll Gardens Bowling Clubs Trust is a registered charity governed 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 Bournemouth and neighbourhood through membership of the Argyll Bowling Club.
The trustees who served during the year and up to the date of signature of the financial statements were: C Greaves
R Buck (Resigned 12 December 2023) J Crowe C Graham K Rees J Roberts (Resigned 30 April 2024) S Dickinson (Appointed 12 December 2023)
Recruitment and appointment of trustees
The Executive Committee (six members) are elected at the Annual General Meeting each year and, subject to termination of office by resignation or otherwise, shall remain in office until their successors are elected at the next Annual General Meeting. The Annual General Meeting shall elect such honorary officers of the Trust (including the Secretary and Treasurer) as it may from time to time determine. The honorary officers are ex-officio members of the Committee.
The Annual General Meeting shall be held every year immediately following the Annual General Meeting of the Club in November.
The trustees' report was approved by the Executive Committee.
.............................. [ChartsF983C721A22D4339... by: C Greaves Chairman 23/11/2024
Date: .............................................
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ARGYLL GARDENS BOWLING CLUBS TRUST
I report to the trustees on my examination of the financial statements of Argyll Gardens Bowling Clubs Trust (the charity) for the year ended 30 September 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do 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 financial statements to be reached.
Lucia Ball BFP FCA
Hill Osborne
Tower House Parkstone Road Poole BH15 2JH 29/11/2024 Dated: .........................
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | 3 | 12 | - |
| Charitable activities | 4 | 29,497 | 26,410 |
| Investments | 5 | 431 | 214 |
| Other income | 6 | 30,566 | 24,382 |
| Total income | 60,506 | 51,006 | |
| Charitable activities | 7 | 58,990 | 53,084 |
| Governance costs | 10 | 1,411 | 1,209 |
| Total expenditure | 60,401 | 54,293 | |
| Net income/(expenditure) and movement in funds | 105 | (3,287) | |
| Reconciliation of funds: | |||
| Fund balances at 1 October 2023 | 43,648 | 46,935 | |
| Fund balances at 30 September 2024 | 43,753 | 43,648 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 12 | 14,910 | 17,558 | |||
| Current assets | ||||||
| Debtors | 13 | 2,856 | - | |||
| Cash at bank and in hand | 38,468 | 42,568 | ||||
| 41,324 | 42,568 | |||||
| Creditors: amounts falling due within | 14 | |||||
| one year | 12,481 | 16,478 | ||||
| Net current assets | 28,843 | 26,090 | ||||
| Total assets less current liabilities | 43,753 | 43,648 | ||||
| The funds of the charity | ||||||
| Unrestricted funds | 43,753 | 43,648 | ||||
| 43,753 | 43,648 | |||||
| 23/11/2024 | ||||||
| The financial statements were approved by the trustees on ......................... | ||||||
| .............................. DocuSigned by: |
(haves Grraucs F983C721A22D439... |
.............................. Signedby: |
Sue Dickinson 43A2EDBBE3D645C... |
|||
| C Greaves | S Dickinson | |||||
| Chairman | Trustee |
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Executive Committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income from Bowling Activities is recognised when received.
Income from the café is recognised on a receivable basis.
Other income is recognised when received.
1.5 Expenditure
Expenditure is recognised in the period in which it is incurred.
Expenses are allocated to a particularly activity where costs relate to that activity.
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Machinery 10% straight line Kitchen equipment 25% straight line Bar & equipment 25% straight line Fixtures, fittings & equipment 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 12 | - |
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bowling Activities | |||
| Season tickets | 22,933 | 19,415 | |
| Lockers | 1,070 | 1,090 | |
| Till receipts | 5,494 | 5,905 | |
| 29,497 | 26,410 | ||
| 5 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bank interest received | 431 | 214 | |
| 6 | Other income | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Café rent | 8,500 | 7,550 | |
| Café utilities rechargeable | 22,066 | 16,832 | |
| 30,566 | 24,382 |
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
7 Expenditure on charitable activities
| Charitable activities Cleaning Cleaning materials Insurance Greenkeeper Green maintenance materials Green setup Water Repairs and renewals Bank charges Costs of generating voluntary income Electricity Gas Telephone Bar licence TV licence Music licence Repairs and renewals Kitchen equipment depreciation Bar & equipment depreciation Fixtures, fittings & equipment depreciation Machinery depreciation Analysis by fund Unrestricted funds |
2024 £ 3,969 396 3,038 14,909 1,688 974 1,058 1,629 55 27,716 18,886 3,684 643 70 172 266 4,656 770 140 124 1,863 31,274 58,990 58,990 |
2023 £ 3,523 316 2,224 11,190 1,934 1,115 2,419 3,294 70 |
|---|---|---|
| 26,085 13,289 4,135 531 70 165 245 4,325 1,834 470 62 1,873 |
||
| 26,999 | ||
| 53,084 | ||
| 53,084 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
9 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
10 Governance costs
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Printing, postage and stationery | 82 | 98 |
| Sundry | 179 | 11 |
| Independent examiners fee | 1,150 | 1,100 |
| 1,411 | 1,209 |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Tangible fixed assets
| Machinery Kitchen equipment Bar & equipment Fixtures, fittings & equipment £ £ £ £ Cost At 1 October 2023 18,778 6,555 1,472 1,460 Additions - - - 249 At 30 September 2024 18,778 6,555 1,472 1,709 Depreciation and impairment At 1 October 2023 3,874 4,445 1,052 1,336 Depreciation charged in the year 1,863 770 140 124 At 30 September 2024 5,737 5,215 1,192 1,460 Carrying amount At 30 September 2024 13,041 1,340 280 249 At 30 September 2023 14,904 2,110 420 124 |
Total £ 28,265 249 |
|---|---|
| 28,514 | |
| 10,707 2,897 |
|
| 13,604 | |
| 14,910 | |
| 17,558 |
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Docusign Envelope ID: 3102F20D-5DC6-4843-B66A-9C0390C68CB4
ARGYLL GARDENS BOWLING CLUBS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
13 Debtors
| Amounts falling due within one year: Other debtors (amounts due from Club) Prepayments and accrued income |
2024 £ 141 2,715 2,856 |
2023 £ - - |
|---|---|---|
| - |
14 Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2024 £ 693 11,788 12,481 |
2023 £ 500 15,978 |
|---|---|---|
| 16,478 |
15 Unrestricted funds
| At 1 October | Incoming | Resources | At 30 | |
|---|---|---|---|---|
| 2023 | resources | expended | September | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 43,648 | 60,506 | (60,401) | 43,753 |
| Previous year: | At 1 October | Incoming | Resources | At 30 |
| 2022 | resources | expended | September | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | 46,935 | 51,006 | (54,293) | 43,648 |
16 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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