CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021
The Directors present their report with the financial statements of the Company for the year ended 31st March 2021.
Governance
The Company is a charitable Company limited by guarantee, incorporated on 14th August 2000 and registered as a Charity on 26th March 2001. The Charity was established under a Memorandum of Association, which established the object and powers of the charitable Company and is governed under its Constitution.
Risk Review
The Directors have assessed the major risks to which the Charity is exposed and systems have been established to minimise those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions. All procedures are under constant review to ensure that they meet the changing needs to the Charity as it develops.
Objectives and Activities
The Charity’s object and principal activity is to promote and provide facilities for the benefit of the inhabitants of Craig-y-Don and the surrounding area by providing community facilities at affordable prices.
The Board of Directors hold the lease from Conwy County Borough Council and are responsible for paying all utility bills and other running expenses of the whole site.
The Charity does not make any grants nor does it operate for any profit other than maintenance of the site and buildings. It does however employ caretakers, coaches and grounds men and pay them above the minimum hourly rate.
Statement of Directors’ Responsibilities
Company law requires the Directors to prepare financial statements, each year, which give a true and fair view of the state of affairs of the Company for that period.
In preparing the financial statements, the Directors are required to:
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select suitable accounting policies and then apply them consistently
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the going concern basis unless it is inappropriate to presume the Company will continue in business.
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021
For the year ended 31st March 2021, the Company was entitled to exemption from full audit of its accounts under the Companies Act 2006. No members have required the Company to obtain a full audit of its accounts for the year in accordance with the Companies Act 2006.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Directors and signed on their behalf by:
Mr R Mercer Treasurer
Date:
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
INDEPENDENT EXAMINER’S REPORT
FOR THE YEAR ENDED 31ST MARCH 2021
I have examined the accounts of Craig-Y-Don Sports & Community Centre Limited, for the year ended 31st March 2021 which are set out on pages 4 to 10.
In my opinion these financial statements are in agreement with the accounting records kept by the Company and the making of limited enquiries of the Directors and Officers, as was considered necessary.
The financial statements have been drawn up in the following manner: -
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i. they have been prepared under the historical cost convention.
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ii. the Company has taken advantage of the exemptions in Financial Reporting Standard No: 1 from the requirement to produce a cash flow statement on the grounds that it is a small Company.
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iii. turnover - is the total amount received from Craig-Y-Don Community Centre, and the Bowls and Tennis sections.
J Pratt & Co Ltd Chartered Certified Accountants Basford house 29 Augusta Street LLANDUDNO LL30 2AE
3[rd] August 2021
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestric | Designated | Total | Total | ||
| ted | |||||
| Funds | Notes | Funds | Funds | Funds | |
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Income from generated funds | |||||
| Voluntary Income: | |||||
| Utility Contributions | 11576 | - | 11576 | 13798 | |
| Activities for Generating Funds | |||||
| Tennis Club Income | - | 1 | 6504 | 6504 | 18577 |
| Bowling Club Income | - | 2 | 14675 | 14675 | 12985 |
| Croquet Club Income | - | 3 | - | - | 9532 |
| ------------ | ------------ | ------------ | ------------ | ||
| TOTAL INCOME | 11576 | 21179 | 32755 | 54892 | |
| ------------ | ------------ | ------------ | ------------ | ||
| Resources Expended | |||||
| Utility Expenditure | 11679 | 4 | - | 11679 | 17321 |
| Tennis Club Expenditure | - | 5 | 2529 | 2529 | 15346 |
| Bowling Club Expenditure | - | 6 | 9807 | 9807 | 13321 |
| Croquet Club Expenditure | - | 7 | - | - | 10074 |
| ------------ | ------------ | ------------ | ------------ | ||
| TOTAL EXPENDITURE | 11679 | 12336 | 24015 | 56062 | |
| ------------ | ------------ | ------------ | ------------ | ||
| Net resource - Profit for the Year | 8 | 8740 | (1170) | ||
| LESS: Depreciation for the Year | 31672 | 36028 | |||
| Tennis bank balance to CASC | 17415 | - | |||
| Croquet bank balance to CASC | 1640 | - | |||
| ------------ | ------------ | ||||
| NET LOSS AFTER DEPRECIATION | (41987) | (37198) | |||
| ------------ | ------------ |
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2021
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Cost | 9 | 954039 | 954039 | ||
| Depreciation | 9 | 723333 | 691661 | ||
| ------------ | ------------ | ||||
| 230706 | 262378 | ||||
| CURRENT ASSETS | |||||
| Cash at Bank | 7810 | 7913 | |||
| Bowling Club - Cash at Bank | 10721 | 5853 | |||
| Tennis Club - Cash at Bank | - | 13440 | |||
| Croquet Club - Cash at Bank | - | 1640 | |||
| ------------ | ------------ | ||||
| 18531 | 28846 | ||||
| ------------ | ------------ | ||||
| NET CURRENT ASSETS/(LIABILITIES) | 18531 | 28846 | |||
| ------------ | ------------ | ||||
| 249237 | 291224 | ||||
| ------------ | ------------ | ||||
| TOTAL FUNDS | |||||
| Balance Brought Forward | 291224 | 328422 | |||
| Net (Loss) for the Year | (41987) | (37198) | |||
| ------------ | ------------ | ||||
| 249237 | 291224 | ||||
| ------------ | ------------ |
For the year ended 31st March 2021 the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006.
The Members have not required the Company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006.
These Accounts have been prepared in accordance with the provisions applicable to Companies subject to small Companies regime.
Approved by the Directors and signed on their behalf by:
Mr R Mercer Treasurer
Date:
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
1. Tennis Club Income
| 2. | 2021 2020 £ £ Floodlighting - 55 Membership 5340 6005 Room Hire - 2827 Donations/Grants 1160 9682 Bank Interest 4 8 ---------- ---------- 6504 18577 ---------- ---------- Bowling Club Income 2021 2020 £ £ Membership 1134 1331 Greenage - 339 Tea/Coffee Mornings - 1569 Bonus Ball - 606 Winter Membership 300 2792 Donations/Grants 11132 393 Team/League Fees - 1234 Sundries 1628 781 Fundraising/Board Ads - 1970 Plants & Books - 1 Visitors - 462 Competitions 480 504 Llandudno Town Council - Grant - 1000 Building Fund interest 1 3 ---------- ---------- 14675 12985 ---------- ---------- |
|---|---|
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
3. Croquet Club Income
| 4. | 2021 2020 £ £ Subscriptions - 3005 Donations - 905 Green Fees - 691 Grants - 250 Competition Fees - 222 Games Afternoons - 811 Sundries - 1938 Presentation Lunch and Events - 1706 Interest development fund - 4 ---------- ---------- - 9532 ---------- ---------- Utility Expenditure (running costs of the Group) |
|---|---|
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Light & Heat/Water | 4160 | 8392 |
| Telephones | 1066 | 972 |
| Stationery & Postage | - | 36 |
| Insurances | 3325 | 3241 |
| Legal/Accounts | 492 | 492 |
| Sundries | - | 15 |
| Repairs & Maintenance | 1861 | 3074 |
| Waste disposal | 762 | 1086 |
| Companies House fee | 13 | 13 |
| ---------- | ---------- | |
| 11679 | 17321 | |
| ---------- | ---------- |
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
5. Tennis Club Expenditure
6.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Utilities/Insurance | 846 | 1776 |
| North Wales LTA | 30 | 660 |
| Electricity | 126 | 276 |
| Equipment | - | 22 |
| League/Match Fees | - | 242 |
| Sundries | 32 | 31 |
| Court Maintenance | 1483 | 11487 |
| Coaching | - | 672 |
| Advertising | 12 | 180 |
| ---------- | ---------- | |
| 2529 | 15346 | |
| ---------- | ---------- | |
| Bowling Club Expenditure |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Utilities/Insurance | 736 | 42 |
| League Fees | 68 | 258 |
| Green Maintenance | 4366 | 3975 |
| Club Maintenance | 1306 | 355 |
| Sundries | 1323 | 563 |
| Honorariums | 700 | 550 |
| Stationery | 12 | 164 |
| Competitions | - | 5352 |
| Fundraising | - | 750 |
| Community Centre | 1296 | 1312 |
| ---------- | ---------- | |
| 9807 | 13321 | |
| ---------- | ---------- |
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
7. Croquet Club Expenditure
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Utilities/Insurance | - | - |
| Membership Fees | - | 437 |
| Insurance | - | 163 |
| Room Hire | - | 876 |
| Lawn Cutting/Treatment | - | 3130 |
| Lunches & Events | - | 1345 |
| Stationery | - | 42 |
| Miscellaneous | - | 710 |
| Clubhouse expenses | - | 3312 |
| Competition fees | - | 59 |
| ---------- | ---------- | |
| - | 10074 | |
| ---------- | ---------- |
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CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
9. Fixed Assets
| 2021 | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Total | |
| £ | £ | £ | £ | £ | |
| Brought Forward | 152725 | 15817 | 785497 | 954039 | 954039 |
| Net Additions in the Year | - | - | - | - | - |
| ------------ | ------------ | ------------ | ------------ | ------------ | |
| Carried Forward | 152725 | 15817 | 785497 | 954039 | 954039 |
| ------------ | ------------ | ------------ | ------------ | ------------ | |
| Land & | Sports | Equipment | Total | ||
| Property | Facilities | ||||
| Restricted | Unrestricted | Unrestricted | |||
| £ | £ | £ | £ | ||
| Cost: | |||||
| At 31st March 2020 | 794698 | 145438 | 13903 | 954039 | |
| ------------ | ------------ | ------------ | ------------ | ||
| At 31st March 2021 | 794698 | 145438 | 13903 | 954039 | |
| ------------ | ------------ | ------------ | ------------ | ||
| Depreciation: | |||||
| At 31st March 2020 | 538540 | 139953 | 13168 | 691661 | |
| Charge for the Year | 30739 | 823 | 110 | 31672 | |
| ------------ | ------------ | ------------ | ------------ | ||
| At 31st March 2021 | 569279 | 140776 | 13278 | 723333 | |
| ------------ | ------------ | ------------ | ------------ | ||
| Net Book Value: | |||||
| At 31st March 2020 | 256158 | 5485 | 735 | 262378 | |
| ------------ | ------------ | ------------ | ------------ | ||
| At 31st March 2021 | 225419 | 4662 | 625 | 230706 | |
| ------------ | ------------ | ------------ | ------------ |
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