**CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED** ## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2023** The Directors present their report with the financial statements of the Company for the year ended 31st March 2023. ## **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: - select suitable accounting policies and then apply them consistently - make judgements and estimates that are reasonable and prudent - prepare the financial statements on the going concern basis unless it is inappropriate to presume the Company will continue in business. 1 ## **CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED** ## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2023** For the year ended 31st March 2023, 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: 2 ## **CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED** ## **INDEPENDENT EXAMINER’S REPORT** ## **FOR THE YEAR ENDED 31ST MARCH 2023** I have examined the accounts of Craig-Y-Don Sports & Community Centre Limited, for the year ended 31st March 2023 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: - - i. they have been prepared under the historical cost convention. - 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. - iii. turnover - is the total amount received from Craig-Y-Don Community Centre, and the Bowls, Croquet and Tennis sections. J Pratt & Co Ltd Chartered Certified Accountants Basford house 29 Augusta Street LLANDUDNO LL30 2AE 17[th] July 2023 3 ## **CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023** |||||2023|2022| |---|---|---|---|---|---| ||Unrestricted||Designated|Total|Total| ||Funds|Notes|Funds|Funds|Funds| ||£||£|£|£| |**Incoming Resources**|||||| |Income from generated funds|||||| |Utility Contributions|20914|1|-|20914|15016| |Grant for flood lights|||18760|18760|-| |Activities for Generating Funds|||||| |Tennis Club Income|-||-|-|-| |Bowling Club Income|-||-|-|10569| |Croquet Club Income|-||-|-|-| ||------------||------------|------------|------------| |**TOTAL INCOME**|20914||18760|39674|25585| ||------------||------------|------------|------------| |**Resources Expended**|||||| |Utility Expenditure|20673|2|-|20673|11132| |Flood light grant paid to Tennis Club|-||18760|18760|-| |Bowling Club Expenditure|-||-|-|10733| |Croquet Club Expenditure|-||-|-|-| ||------------||------------|------------|------------| |**TOTAL EXPENDITURE**|20671||18760|39433|21865| ||------------||------------|------------|------------| |Net resource - Profit for the Year||||241|3720| |LESS: Depreciation for the Year||||24478|27843| |Tennis bank balance to CASC||||-|-| |Bowling bank balance to CASC||||-|10556| |||||------------|------------| |**NET LOSS AFTER DEPRECIATION**||||(24237)|(34679)| |||||------------|------------| 4 ## **CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES** ## **BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2023** ||Notes||2023||2022| |---|---|---|---|---|---| |||£|£|£|£| |**FIXED ASSETS**|||||| |Cost|3||954039||954039| |Depreciation|3||775654||751776| ||||------------||------------| ||||178385||202863| |**CURRENT ASSETS**|||||| |Cash at Bank||11936||11695|| |||------------||------------|| |||11936||11695|| |||------------||------------|| |**NET CURRENT ASSETS/(LIABILITIES)**|||11936||11695| ||||------------||------------| ||||190321||214558| ||||------------||------------| |**TOTAL FUNDS**|||||| |Balance Brought Forward|||214558||249237| |Net (Loss) for the Year|||(24237)||(34679)| ||||------------||------------| ||||190321||214558| ||||------------||------------| For the year ended 31st March 2022 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: 5 ## **CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST MARCH 2023** ## **1. Utility Income/Contributions** ||2023|2022| |---|---|---| ||£|£| |Tennis Club|2321|2092| |Community Centre|15536|10144| |Bowling Club|1857|1480| |Croquet Club|1200|1300| ||----------|----------| ||20914|15016| ||----------|----------| ## **2. Utility Expenditure (running costs of the Group)** ||2023|2022| |---|---|---| ||£|£| |Water|1789|1665| |Light & Heat/Water|8684|1471| |Telephones|1051|1074| |Stationery & Postage|-|56| |Insurances|3670|3295| |Legal/Accounts|420|360| |Repairs & Maintenance|3614|1973| |Waste disposal|1337|1175| |Companies House fee|13|13| |Bank Charges|60|15| |Subscriptions|35|35| ||----------|----------| ||20673|11132| ||----------|----------| 6 ## **CRAIG-Y-DON SPORTS & COMMUNITY CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST MARCH 2023** ## **3. Fixed Assets** |||2023|2023||2022| |---|---|---|---|---|---| ||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 2022||794698|145438|13903|954039| |||------------|------------|------------|------------| |At 31st March 2023||794698|145438|13903|954039| |||------------|------------|------------|------------| |**Depreciation:**|||||| |At 31st March 2022||596329|141475|13372|751176| |Charge for the Year||23804|594|80|24478| |||------------|------------|------------|------------| |At 31st March 2023||620133|142069|13452|775654| |||------------|------------|------------|------------| |**Net Book Value:**|||||| |At 31st March 2022||198369|3963|531|202863| |||------------|------------|------------|------------| |At 31st March 2023||174565|3369|451|178385| |||------------|------------|------------|------------| 7