Company number 03670835 (England and Wales)
**Ladybridge Sports and Leisure Limited**
( A company limited by guarantee )
**Report and Unaudited Financial Statements For the Year Ended 30 November 2023**
**Charity number 1087770**
## **Ladybridge Sports and Leisure Limited**
( A company limited by guarantee)
## **Financial Statements For the Year Ended 30 November 2023**
|Contents|**Page**|
|---|---|
|Report of the Trustees|**1 to 3**|
|Independent Examiner’s Report|**4**|
|Statement of Financial Activities|**5**|
|Balance Sheet|**6**|
|Notes to the Financial Statements|**7 to 9**|
## **Ladybridge Sports and Leisure Limited**
## **Report of the Trustees for the year ended 30 November 2023**
The Trustees, who are also directors of the charity for the purposes of the Charities Act, present their annual report and financial statements for the year ended 30 November 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, 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 (FRS102) (effective 1 January 2019)".
## **Reference and Administrative Information**
Charity Name **Ladybridge Sports and Leisure Limited** Charity registration number 1087770 Company registration number 03670835 Registered Office. 28 Beaumont Drive Ladybridge Bolton BL3 4RZ
## **Management Committee**
Mr S J Hill Trustee & Finance Mr A Waring Trustee Mrs G Hill Trustee Mrs A Hardman Trustee and Welfare Officer Mr AS Hill Secretary
## **Independent Examiner**
Alison Cornes FCA, Barlow Andrews LLP, Chartered Accountants, Carlyle House, 78 Chorley New Road, Bolton
## **Bankers**
Royal Bank of Scotland plc, 46-48 Deansgate, Bolton, BL1 1BH
## **Solicitors**
Russell and Russell Solicitors, Churchill House, Wood Street, Bolton BL1 1EE
Page 1
**Ladybridge Sports and Leisure Limited**
## **Report of the Trustees for the year ended 30 November 2023 (continued)**
## **Structure, Governance and Management**
## Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 19 November 1998 and registered as a charity on 30 July 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute £1.
## Recruitment and Appointment
The directors of the company are also charity trustees for the purposes of charity law. The Trustees are elected for a twelve month period after which they can be considered for re-election at the next Annual General Meeting. Ladybridge Sports and Leisure Limited is governed by a Board of Trustees. The trustees along with the management committee are responsible for the strategic direction of the charity. The day to day responsibility and management of Ladybridge Sports and Leisure Limited rests with the management committee.
Mr SJ Hill, Mr A Waring, Mrs A Hardman, Mrs G Hill retired by rotation and, being eligible, offered themselves for re-election.
None of the trustees has a beneficial interest in the company.
The management committee consists of an experienced team with a wealth of experience of dealing with children and young people. The skills include qualified youth workers, welfare and wellbeing, chartered quantity surveyor and former financial controller. In the event of any particular skills being required due to retirements etc, individuals are approached to offer themselves for election to the management committee.
## Risk Management
The management committee has conducted a review of the major risks to which the charity is exposed.
A risk register has been established and is updated annually. Where appropriate, procedures have been established to mitigate the risks the charity faces. Procedures are in place to ensure compliance with health and safety of volunteers and visitors to the charity's facilities. All the charity's volunteers have been subjected to Criminal Records Bureau checks and the coaches have achieved the minimum level 1 standard Football Association coaching standard as well as an emergency first aid qualification.
## **Objectives and Activities**
The company's objectives and principal activities are :
To develop the character and personality of children and young people by promoting their physical, moral and spiritual well-being.
To organise and provide or assist in organisation or provision of facilities for physical recreation in the interests of social welfare in any part of Lancashire.
To advance the education of children and young people residing in Lancashire by providing
facilities and opportunities for playing football so as to promote and encourage the physical development of such children and young people.
To encourage children and young people to make full use of the charity's facilities.
The work of the charity inevitably focuses upon children and young people and therefore the management committee seeks to ensure that the child protection needs are appropriately reflected with the appointment of a qualified child welfare officer and all volunteers are subject to criminal records bureau approvals.
These main objectives and activities have been achieved throughout the year as a result of the strategies employed by the charity.
Increased numbers of qualified coaches and volunteers has led to an increase in participants. More football coaching sessions have been provided especially for our female members. More senior members have become volunteer coaches.
Each year, the trustees review the objectives of the charity to ensure that they continue to reflect the aims of the company and to provide a public benefit. The trustees are more than satisfied that they do.
## **Achievements and Performance**
The Charity has been fully operational in the community during the last twelve months.
The Charity highlights include :-
Retained the FA Accreditation 2-star club status .
The club continued to deliver football coaching sessions for over 800 children and young people. Successful, ongoing links with University of Bolton and Bolton Wanderers Community Trust.
Page 2
**Ladybridge Sports and Leisure Limited**
## **Report of the Trustees for the year ended 30 November 2023 (continued)**
Hosted teams from the UK and Europe Increased participation in girls and ladies football. Registered wildcats centre renewed for another year - growth in females playing football. The towns university teams continued to make good use of the clubs facilities, along with several external local football and rugby clubs. Successful football camps
We would also like to express our thanks to our team sponsors and benefactors who have once again given so generously in supporting the charity.
## **Financial Review**
During this period the charity has generated a positive financial outcome with the net increase in funds of £77,075.
This increase was planned and is to be used as a contribution towards replacing the floodlights and artificial surface at Lostock and adding new facilities at our Ladybridge lane sportsground.
## Principal Funding Sources
83 % of the charities income has been generated from members etc with the remaining 17 % provided by external sources. Investment Policy The investment in the artificial grass surface has generated another planned surplus towards replacement and additional facilities. Reserves Policy The management committee has examined the charity's requirements for reserves in light of the main risks to the organisation. The designated reserves will be built up to help finance the replacement of existing AGP and floodlights and investment at our Ladybridge Lane venue. In the meantime we ensure there is a full years running costs included in general funds. Plans for Future Periods Submit a planning application to replace existing grass surface at Ladybridge Lane to an artificial grass surface.
## **Responsibilities of the Trustees**
Company law requires the directors of the charity (namely 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 as at the end of the financial year and of the financial resources of the charity for that period. In preparing these financial statements, the trustees are required to :
Select suitable accounting policies and then apply them consistently ; Make judgements and estimates that are reasonable and prudent ;
State whether applicable accounting standards and statements of recommended practice have been followed ; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will be able to continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose
with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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.
Further, the trustees are responsible for preparing their Trustees' Report which should disclose the legal and administrative details of the charity and contain a narrative report explaining the organisation's objectives, a review of the development, activities and achievements of the charity during the period and of its financial performance and position.
## **Trustees**
The trustees who served during the year and up to the date of this report, are as listed on page 1. As the company is limited by guarantee they have no interest in share capital. The liability of members is limited to £1 per member.
## **Independent Examiner**
A resolution for the reappointment of Alison Cornes of Barlow Andrews LLP as Independent Examiner will be proposed at the forthcoming Annual General Meeting.
Approved by the Trustees on 5 August 2024 and signed on its behalf by :
Mr S J Hill Trustee
Page 3
## **Independent Examiners Report To the Trustees of Ladybridge Sports and Leisure Limited**
I report to the trustees on my examination of the financial statements of Ladybridge Sports and Leisure Limited (the charitable company) for the year ended 30 November 2023.
This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the charity's 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 satisfied 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, I report in respect of my examination of the charitable company's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 accounts to be reached.
Alison Cornes FCA
of Barlow Andrews LLP Chartered Accountants Carlyle House 78 Chorley New Road Bolton Date 5 August 2024
Page 4
## **LADYBRIDGE SPORTS AND LEISURE LIMITED**
## **Statement of Financial Activities ( Including Income & expenditure Account) For the year ended 30 November 2023**
|**Notes**
**Incoming Resources -**
**Charitable Activities**
**Subscriptions and fundraising**
**Grants & Sponsorship**
**Voluntary Income - Donations**
**Total incoming resources**
**2**
**Resources Expended -**
**Charitable Activities**
**League, Pitch Fees, Festivals and Trips**
**Sports Kits & consumable equipment**
**Annual Presentation Trophies**
**Sportsfields, facilities maintenance & operational costs**
**Insurances**
**Utilities**
**Administration**
**Depreciation**
**Football Association Training Courses**
**Total resources expended**
**10**
**Net movement in funds**
**Reconciliation of funds**
**Funds brought forward**
**10**
**Funds carried forward**
**10**|**2023**
**£**
**203692**
**9457**
**200**
**213349**
**16552**
**28318**
**6170**
**38708**
**1107**
**4785**
**4884**
**31671**
**4079**
**136274**
**77075**
**681287**
**758362**|**2022**
**£**
**190572**
**6125**
**2020**|
|---|---|---|
|||**198717**|
|||**13232**
**15843**
**4053**
**26657**
**3540**
**5704**
**4848**
**40705**
**1840**|
|||**116422**|
||||
|||**82295**|
|||**598992**|
||**758362**|**681287**|
All the charity's operations are classed as continuing and all funds held by the charity are unrestricted.
The Statement of Financial Activities includes all gains and losses recognised in the year and incorporates the Income and Expenditure Account under the Companies Act 2006.
Page 5
## **LADYBRIDGE SPORTS AND LEISURE LIMITED**
## **Balance Sheet as at 30 November 2023**
||**Notes**||**30-Nov**||**30-Nov**|
|---|---|---|---|---|---|
||||**2023**||**2022**|
|**FIXED ASSETS**||**£**|**£**|**£**|**£**|
|**Clubhouse, Sportsfield & Floodlights**|**8**||**24463**||**56134**|
|**Current Assets**||||||
|**Debtors**|**5**|**1549**||**0**||
|**Cash & Bank**||**734237**||**627222**||
|**Current Liabilities**||||||
|**Creditors : amounts falling due within one year**|**4**|**1887**||**2069**||
|**Net Current Assets**|||**733899**||**625153**|
|**Net Assets**|**9**||**758362**||**681287**|
|**Unrestricted Funds**||||||
|**Designated Funds**|**10**||**652210**||**605570**|
|**General Funds**|**10**||**106152**||**75717**|
|**Total funds**|**10**||**758362**||**681287**|
## **Statement of the directors/trustees requirements under Companies Act 2006**
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006,for the year ended 30 November 2023.
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.
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.
These financial statements are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
The accounts were approved by the Board on 5 August 2024
**Mr SJ Hill Trustee**
**Company Number : 03670835**
Page 6
## **Ladybridge Sports and Leisure Limited**
## **Notes forming part of the Financial Statements for the year ended 30 November 2023**
## **1. Accounting Policies**
## **Charity Information**
Ladybridge Sports and Leisure Limited is a company limited by guarantee. The registered office is 28 Beaumont Drive, Ladybridge, Bolton, Lancashire.
## **(a) Basis of preparation**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, 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)". 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
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.
## **(b) 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.
## **(c) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity without purpose and which were not designated for other purposes.
Designated funds are unrestricted fund earmarked by the Management Committee for funding the expansion of the charity's sports facilities.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **(d) Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income :
Charitable activities income is received by way of subscriptions, grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Page 7
**Ladybridge Sports and Leisure Limited**
## **Notes forming part of the Financial Statements for the year ended 30 November 2023 (continued)**
## **(e) Resources expended**
Expenditure is recognised on the accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of expenditure to which it relates :
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
## **(f) Fixed assets**
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions costing below £500 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life.
Buildings 50 Years Floodlights 8 years 3G Artificial Grass Pitch 8 years
The Floodlights and 3G Artificial Grass Pitch are now fully written down to nil. See note 8.
## **(g) Financial Instruments**
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 Other Financial Instrument Issues' of FRS 102 to all 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 cash and bank balances, are measured at transaction price.
## **Basic financial liabilities**
Basic financial liabilities, which include other creditors, are recognised at transaction price.
## **(h) Taxation**
The trust has charitable status and is thus exempt from taxation of its income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives.
|**2. Incoming resources**
Subscriptions and memberships
Sponsorships
Donations
Other charitable income|**Unrestricted**
**Un**
**Funds**
**2023**
**£**
177003
9457
200
26689
213349|**restricted**
**Funds**
**2022**
**£**
160019
6125
2020
30553|
|---|---|---|
|||198717|
## **3. Trustee Remuneration & Related Party Transactions**
No trustees received any remuneration during the year ( 2022 - Nil).
An immediate family member of one of the trustees received employment benefits of £26,194 during the year. (2022: £22,403)
|**4. Analysis of Creditors**
Utilities
Others
**5. Analysis of Debtors**
Prepayments
**6. Financial instruments**
Carrying amount of financial liabilities
Measured at amortised cost
**7. Staff costs for one employee (2022: 1)**
Gross pay
Social security
Employer's pension contributions|**2023**
**£**
33
1854
**2023**
**£**
1549
**2023**
**£**
1887
**2023**
**£**
25246
0
948
26194|**2022**
**£**
681
1388
**2022**
**£**
0
**2022**
**£**
2069
**2022**
**£**
21633
0
770|
|---|---|---|
|||22403|
No employees received total employment benefits of more than £60,000 (2022: None).
Page 8
## **Ladybridge Sports and Leisure Limited**
**Notes forming part of the Financial Statements for the year ended 30 November 2023 (continued)**
## **8. Fixed Assets**
|**Cost**
As at 1 December 2022
Additions
Cost at 30 November 2023
**Depreciation**
As at 1 December 2022
Charge for the year
As at 30 November 2023
**Net Book Value**
**30th**
**November**
**2023**
30th
November
2022
**9a. Analysis of net assets**
Tangible fixed Assets
Debtors
Cash at bank and in hand
Creditors
**30th**
**November**
**2023**
**9b. Analysis of net assets (comparative)**
Tangible fixed Assets
Cash at bank and in hand
Creditors
**30th**
**November**
**2022**|**Leasehold**
**Property**
**£**
76132
0
76132
42759
8910
51669
**24463**
33373
**General**
**Fund**
£
24463
1549
82027
-1887
**106152**
**General**
**Fund**
£
56134
21652
-2069
**75717**|**Fixtures and**
**Fittings**
**Total**
**£**
**£**
319857
395989
0
0
319857
395989
297096
339855
22761
31671
319857
371526
**0**
**24463**
22761
56134
**Designated**
**Fund**
**Total**
£
£
0
24463
0
1549
652210
734237
0
-1887
**652210**
**758362**
**Designated**
**Fund**
**Total**
£
£
0
56134
605570
627722
0
-2069
**605570**
**681287**|
|---|---|---|
## **10a. Unrestricted Funds : Movements in the year**
||**Nov-22**|**Income**|**Expenditure**|**Transfers**|**Nov-23**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Designated Funds|605570|0|0|46640|652210|
|General Funds|75717|213349|-136274|-46640|106152|
||**681287**|**213349**|**-136274**|**0**|**758362**|
The general fund reserve represent a years running costs. Funds have been designated for future replacements for the 3G and floodlights.
## **10b. Unrestricted Funds : Movements in the prior year**
||**Nov-21**|**Income**|**Expenditure**|**Transfers**|**Nov-22**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Designated Funds|544277|0|0|61293|605570|
|General Funds|54715|198717|-116422|-61293|75717|
||**598992**|**198717**|**-116422**|**0**|**681287**|
## **11. Governance costs**
Governance costs include payments to the independent examiner of £650 including VAT (2022: £630)
Page 9