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2023-08-31-accounts

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Charity registration number 1070366

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Company reglstration number 03461835 (England and Wales)

BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees

Trustees Mr D Bailey Mrs S Bowker Mr S W Bowker Mr S A Hearty Mr K Jackson Mrs P Johnson Mr M Jeffrey {Appointed 24 January 2024) Mrs S$ Jeffrey {Appointed 24 January 2024) Secretary Mr K Jackson Charity number 1070366 Company number 03461835 Registered office Hoops Basketball Centre Thorncliffe Road Barrow in Furness Cumbria LA14 5QA Independent examlIner JL Winder & Co Suite 6 Furness Gate Peter Green Way Barrow In Furness Cumbria LA14 2PE Bankers Lloyds Bank 140-146 Dalton Road Barrow in Furness Cumbria LA14 1JH

NatWest Bank PLC - Barrow 113 Dalton Road Barrow in Furness Cumbria LA14 1WY

BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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CONTENTS

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||||| |---|---|---|---| |Page| |Trustees’|report|1-3| |Independent examiner's|report|4| |Statement|of financial|activities|5| |Balance|sheet|6| |Notes to the financial statements|7-14|

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| The trustees present their annual report and financial statements for the year ended 31 August 2023. : The financial statements have been prepared in accordance with the accounting policies set out in : financial statements and comply with the charity's governing document, the Companies | “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to their accounts in accordance with the Financial Reporting Standard applicable in the UK and | (FRS 102)" (effective 1 January 2019). 2019).

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION | LIMITED | TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

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 governing document, the Companies Act 2006 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). 2019).

Objectives and activities

The charity's objects are are to promote the education of children, young persons and the general public and to improve the quality of life for all such persons by providing basketball and other sporting and recreational facilities for the community of the Furness peninsula areas of Cumbria. To achieve this the company;

There has been no change in these during the year.

The charity's aim is to generate sufficient income to meet the cost of running the sports centre. The Trustee's are mindful of the need to continue to raise funds.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The charity has continued to achieve Its main aim in the year, providing sport facillties. The main source of the income has been from the use of the sports hall £40,846 (2022 - £38,488)

The total income for the year was £92,330 (2022 - £64,773) with the other main sources of income being the lease with PCT for use of the gym £19,377 (2022 - £18,584) and £31,286 (2022 - ENil) being received from local council grants

Total expenditure in the year amounted to £132,312 (2022 - £85,019)

The deficit for the year of £39,982 (2022 - £20,246) has arisen mainly due to the depreciation charge of £24,957 (2022 - £24,957) and the increased fuel and light and repair costs in the year

The fund balances at the year end were as follows, « Unrestricted fund £ 54,857 * Restricted fund £638,055

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TRUSTEES’ REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) | FOR THE YEAR ENDED 31 AUGUST 2023 | a aa I— I_ Ca80000 | Financial review The Trustees meet as a group each month where possible and consider the opportunities available to the charity and the risk to which it is exposed. | The strategic plan of the charity is to maintain and develop the Hoops Basketball Centre, whilst exploring the ; availability of further funding. The Trustees are mindful of the fact that the free reserves are relatively low and In order to develop the centre | further they plan to build reserves in the future by: * keeping expenditure to a minimum * pursuing sources of external funding : * exploiting opportunities to utilise the company’s assets to generate revenue. It is the policy of the charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to three month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, the will be able to continue the charity’s current : activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Under the Memorandum and Articles of Association the charity has the power to make any investment which the | Trustees see fit. The Trustees have assessed the major risks to which the charity is exposed each financial year when preparing and updating their plans for the year end. The charity has developed systems to monitor and control these risks to mitigate any impact that they may have in the future. : Structure, governance and management

BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

The charity is a company limited by guarantee and is governed by it's memorandum and articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr D Bailey Mrs S Bowker Mr S W Bowker Mr IC Griffiths (Resigned 4 March 2023)

Mr S A Hearty Mr K Jackson Mrs P Johnson Mr M Jeffrey (Appointed 24 January 2024) Mrs S Jeffrey (Appointed 24 January 2024)

Trustees retiring at the annual general meeting can then put themselves forward for re-election. Trustees are then voted for by those members in attendance.

Suggestions for new trustees are brought before the board, based on members of the local sports community that currently use the facilities. If agreed that person is then approached and asked if they are willing to undertake the role of Trustee for Barrow Community Basketball and Sports Association Limited. Documented appointment procedures are then followed.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

: | The charity is controlled by its board of Trustees which is made up of representatives of various sporting groups | in the Furness area. | The day to day operation of the sports hall has been delegated to Mr Christopher Smith.

V4 report was approved by the Board of Trustees.

TrusteeDated: ts Ads.

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INDEPENDENT EXAMINER'S REPORT | TO THE TRUSTEES OF BARROW COMMUNITY BASKETBALL AND SPORTS | ASSOCIATION LIMITED ; | report to the trustees on my examination of the financial statements of Barrow Community Basketball and || Sports Association Limited (the charity) for the year ended 31 August 2023. | Responsibillties and basis of report As the trustees of the charity (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 satlsfied myself that the financial statements of the charity are not required to be audited under Part 16 : of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying : out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 3 Independent examiner's statement : | have completed my examination. | confirm that no matters have come to my attention in connection with the

BARROW COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED

| 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.

Sarah J Roberts BSc FCA JL Winder & Co

Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE

Dated: 20/08/2024

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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STATEMENT OF FINANCIAL ACTIVITIES | INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Income from:
Donations
Charitable activities		 3
4		 15,686
40,846		 16,300
-		 31,986
40,846		 700
38,488		 6,996
-		 7,696
38,488
Investments 5 19,498 - 19,498 18,589 - 18,589
Total income 76,030 16,300 92,330 57,777 6,996 64,773
Charitable activities 6 91,055 41,257 432,312 59,302 25,717 85,019
Netexpenditure forthe
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Netmovement infunds		 (15,025) (24,957) (39,982) (1,525) (18,721) (20,246)
Fund balances at 1
September2022 69,882 663,012 732,894 71,407 681,733 753,140
Fund balancesat31
August2023		 54,857 638,055 692,912 69,882 663,012 732,894

The statement of financial activities Includes all gains and losses recognised in the year.

Allincome and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 10 632,140 657,196
Current assets
Debtors 11 272 709
Cash atbank and Inhand 64,433 77,472
64,705 78,181
Creditors:amountsfallingduewithin
oneyear 12 (3,933) (2,483)
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Net current assets 60,772 75,698
Total assets less current liabilities 692,912 732,894
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Income funds
Restricted funds 13 638,055 663,012
Unrestricted funds 54,857 69,882
692,912 732,894

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These 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 Trustees on 2095|224-

Mr S W Bowker Trustee Company registration number 03461835 : a

| The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update ; Bulletin 1 not to prepare a Statement of Cash Flows.

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION | LIMITED : NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Charlty Information

Barrow Community Basketball and Sports Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Hoops Basketball Centre, Thorncliffe Road, Barrow in Furness, Cumbria, LA14 5QA.

1.1. Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 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)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees 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.

Restricted funds relate to the cost of building the sports centre from monies given by the English Sports Council. The charity would have to obtain the written approval of the English Sports Council before it could sell, lease or otherwise dispose of the building. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Interest is included when receivable by the charity.

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| BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 1 Accounting policies

(Continued)

1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Resources expended are included in the statement of financial activities on an accrual basis, inclusive of any VAT, which cannot be recovered, and directly attributed to a specific activity.

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. Only items costing over £1,000 are capitalised. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold Interest in land and buildings 2% straight line (duration of 50 year initlal lease of land) Fixtures, fittings & equipment 15% 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 Impalrment 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).

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.

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| | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

: Basic financial assets Basic financial assets, | transaction price including effective interest method measured at the present | classified as receivable receivable within one year are | Basic financial abilities | Basic financial liabilities, the arrangement value of the future | within one year are not

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: cancelled. : 1.10 Employee benefits

BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

(Continued)

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 receivable within one year are not amortised.

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.

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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.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Unrestricted funds are funds which the trustees are free to use in accordance with the charitable objectives and which have not been designated for other purposes.

Restricted funds relate to the cost of building the sports centre from monies given by the English Sports Council, The charity would have to obtain the written approval of the English Sports Council before it could sell, lease or otherwise dispose of the building.

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 fiabilities 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.

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

eeFOR THE YEAR ENDED 31 AUGUST 2023

3 Donations
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts 700 - 700 700 6,996 7,696
Grants receivable for
core activities 14,986 16,300 31,286 - - -
15,686 16,300 31,986 700 6,996 7,696
Donations and glfts
Keswick to Barrow
Walk
BAESystems
Crowdfunding		 700
-
-		 -
-
-		 700
-
-		 700
-
-		 -
760
6,236		 700
760
6,236
700 - 700 700 6,996 7,696
Grants recelvable for
core activities
Barrow Borough
Council- Low Carbon
grant 9,986 ~ 9,986 - - -
Barrow Borough
Council- Cost of Living
grant 5,000 - 5,000 - - -
Active Cumbria - 16,300 16,300 - - -
14,986 46,300 31,286 - - -
4 Charitable
activities
Sports hail
hire		 Coaching
income		 Total
2023		 Sports hall
hire		 Coaching
income		 Total
2022
2023 2023 2022 2022
£ £ £ £ £ £
Sales within
charitableactivities 36,896 3,950 40,846 38,458 30 38,488

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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i) Investments

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i)|Investments||| |---|---|---|---| |||Unrestricted|Unrestricted| |||funds|funds| ||||2023|2022| |||£|£| ||
)|Rental income
Interest receivable|19,377
121|18,584
5| ||||19,498|—-18,589| |6|Charitable activities||| ||
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i||HOOPS
basketball
centre
2023|HOOPS
basketball
centre
2022| ||||||£||£
£| ||||| ||Staffcosts|17,200|16,000| ||Depreciation and impairment|25,056|25,657| |:|Rates andwater
Heatand light|3,076
30,007|2,452
15,810| ||Insurance|2,696|3,638| ||Cleaning and tradewaste|2,027|1,351| |=|Repairs and renewals|48,731|16,385| ||Telephone and internet|725|596| ||Website costs|88|62| ||Printing, postage and stationery|41|482| ||Securitycosts|293|360| ||Bank charges|-|180| ||Payroll fees|230|228| ||Accountancy fees|41,596|1,458| ||Subscriptions and licences|159|158| ||Sundry expenses|387|167| ||Legal and professional fees|-|35| |||132,312|85,019| |||132,312|85,019| ||Analysis by fund||| ||Unrestricted funds|91,055|59,302| ||Restricted funds|41,257|25,717| |||132,312|85,019|

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

7 ‘Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year.

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8 Employees

Number of employees

The average monthly number of employees during the year was:

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2023 2022
Number Number
Management 1 1
Employment costs 2023 2022
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|Wages and salaries 17,200 16,000
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There were no employees whose annual remuneration was £60,000 or more.

9 Taxation

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The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Tanglble fixed assets

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Tanglble fixed assets
Leasehold Fixtures, Total
Interest in land fittings &
and bulldings equipment
£ £ £
Cost
At 1 September 2022 4,247,830 19,375 1,267,205
At 31 August2023 1,247,830 19,375 1,267,205
Depreclation and impairment
At1September 2022
Depreciation charged in theyear		 591,054
24,957		 18,955
99		 610,009
25,056
At 31 August 2023 616,011 19,054 635,065
Carrying amount
At 31 August 2023 631,819 321 632,140
At31August2022 656,776 420 657,196

The sports centre is built on land leased from Cumbria County Council. The lease is for 50 years with annual rent payable of £1.

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

11 Debtors
2023 2022
Amounts falllng due within one year: £ £
Trade debtors 1 -
Prepayments 271 709
272 709

**		 ** 12 Creditors: amounts falling duewithinoneyear
** **
Othertaxation and social security
3
274
Accruals 3,930 2,209
3,933 2,483

13 Restricted funds

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The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement In funds
Movement in funds
:
Balance at
Incoming
Resources
Balance at
Incoming
Resources
Balance at
1 September
resources
expended
1 September
resources
expended
31August
:
2021
2022
2023
:
£
£
£
£
£
£
£
!
HOOPS
Centre
681,733
-
(24,957)
656,776
16,300
(41,257)
631,819
Crowdfunding
-
6,236
~
6,236
-
-
6,236
681,733
6,236		 (24,957)
663,012
16,300
(41,257)
638,055
14 Analysis of net assets between funds
Unrestricted Restricted
Total Unrestricted
Restricted
Total
funds funds
funds
funds
2023 2023
2023
2022
2022
2022
£ £
£
£
£
£
Fund balances at 31
August2023 are
represented by:
Tangible assets
321		 631,819
632,140
420
656,776
657,196
Current assets/(liabilities)
54,536		 6,236
60,772
69,462
6,236
75,698
54,857

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BARROW COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

ee 15 Related party transactions Remuneration of key management personne! The remuneration of key management personnel is as follows.

2023 2022 £ £ 17,200 16,000

Aggregate remuneration

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