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2021-04-30-accounts

Company Number 03682831 Charity Number 1095591

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Crayford Arrows Sports Club Limited (A Company Limited by Guarantee)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

Crayford Arrows Sports Club Limited

CONTENTS

Page
Legal and Administrative Information 1
Reportofthe Trustees 2-3
Independent Examiners Report 4
StatementofFinancial Activities 5
Balance Sheet 6
NotestotheAccounts 7-10

Crayford Arrows Sports Club Limited

1

LEGAL AND ADMINISTRATIVE INFORMATION

Constitution

Crayford Arrows Sports Club Limited is a company Limited by Guarantee and a Registered Charity governed by its Memorandum and Articles of Association. Charity Number 1095591. Company Number 3682831.

Directors and Trustees

The Directors of the charitable company ("the Charity") are its Trustees for the purpose of Charity Law and throughout this Report are collectively referred to as the Board.

Mr P Oliver (Chairman)
MrsLCoe (Trustee) Appointed 30.07.2021
MrCHarvey (Trustee) Resigned 30.07.2021
MrN Willis-Barrett (Trustee) Resigned 30.07.2021
Secretary Mrs I Mitchell
Registered Office Numeric House
98 Station Road
Sidcup
Kent DA15 7BY
Independent Examiner MS
Finnis ACA,ACCA
Opass Billings Wilson&Honey LLP
Numeric House
98 Station Road
Sidcup
Kent DAIS 7BY
Bankers BarclaysBankple
Bexleyheath Business Centre
6 Market Place
Bexleyheath
Kent
DA67DY ;

2

Crayford Arrows Sports Club Limited

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2021

The Members of the Board present their Report and Accounts of the Company for the year ended 30th April 2021. The Members have adopted the provisions of the Charities Act 2011, the Companies Act 2006, the Charities SORP (FRS102) and the Charities (accounts and reports) regulations 2008 in preparing the annual Report and Financial Statements of the Charity. The legal and Administrative information set out on page | forms part of this report.

Governing Document

Crayford Arrows Sport Club Limited is a company Limited by Guarantee (Company Number 3682831) and a Registered Charity (Charity Number 1095591). The company's Memorandum of Association established the objects and powers of the charity and it is governed under its Articles of Association.

Appointment of Members of the Board

A new Trustee may be appointed by a majority of the existing Trustees.

Members of the Board

The Members of the Board of Management who have held office throughout the period to 30th April 2021 are listed on the Legal & Administrative Information on page 1.

Objects of the Charit

In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission’s guidance on public benefit.

The charity's objective is to provide low cost sports and recreational facilities to members of the local community paying careful regard to those participating from those areas of deprivation in the borough and mindful of those also without the ability to pay full membership.

Organisational Structure

The charity's Board is currently made up of 3 members who meet regularly and are responsible for deciding the strategic policy and direction of the charity.

Review of the Activities and Future Developments

The Club policy of providing high quality facilities for the enjoyment of football for young people of all ages and abilities at a small cost in a safe and friendly environment continues to prove popular as is reflected by the number of teams playing week in, week out under the name of Crayford Arrows.

Over the past season a particular focus was placed on the growth of girls football. From an initial single side we are now fielding three teams each weekend, to which at least one more team will be added next year. We continue to share the use of our club facilities with other local charities, such as MENCAP. We are also seeking to raise our profile within the local community of Crayford as we believe we offer a resource of which the town should be proud.

Crayford Arrows Sports Club Limited

3

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2021

Reserves Policy

The Board of Trustees have carried out a detailed review of the Charity’s activities and have produced a comprehensive strategic plan setting out the major opportunities available to the Charity. Progress is monitored against the strategic objectives set out in the plan. Contingency and sinking funds are maintained.

Risk Policy

The Board of Trustees meet quarterly to review financial and business risks associated with the Charity. Risks are identified and mitigated where the possible impact on the Charity may have a detrimental effect. Risks and actions are documented in appropriate monthly Board papers.

Statement of the Board's Responsibilities

Company Law requires the Members of the Board to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the company and for the profits or loss of the company for that period. In preparing these Financial Statements, they are required to:

select suitable accounting policies and then apply them consistently;

make judgments and estimates that are reasonable and prudent;

prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Members of the Board are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and which enable them to ensure that the Financial Statements comply with the Companies Act 2006, the Charities Act 2011 and the Charity (accounts and reports) regulations 2008. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

By Order of the Trustees:

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Mr 7 Oliver
Dated: 13 - t =a 2 Pe 22
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4

Crayford Arrows Sports Club Limited

Independent Examiner's Report to the Trustees of Crayford Arrows Sports Club Limited

I report on the accounts of the company for the year ended 30 April 2021 which comprise the statement of financial activities, statement of financial position and the related notes.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the Companies Act 2016 (‘the 2006 Act’) and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under Section 145 of 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 material 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 Company as required by section 386 of the 2006 Act; or

  1. the accounts do not accord with those records; or

  2. the accounts 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

  3. the accounts 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.

MW.A el M Finnis ACA, ACCA Opass Billings Wilson & Honey LLP

Numeric House 98 Station Road Sidcup Kent DAI5 7BY

13 Aecl O22

Date

5

Crayford Arrows Sports Club Limited

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 APRIL 2021

Unrestricted Restricted Total Funds Total Funds
Note Funds Funds 2021 2020
£ £ £ £
INCOME
Donations and legacies 7,841 500 8,341 4,145
Income from charitable activities 2.1 55,864 - 55,864 91,472
Income from othertrading activities 2.2 28,468 - 28,468 79,590
Bank interest received 3 - 3 9
Grants 56,976 - 56,976 -
Total income 149,152 500 149,652 175,216
EXPENDITURE
Cost ofraising funds 3.1 21,230 660 21,890 57,057
Charitable activities 3.2 91,941 1,036 92,977 101,489
Total expenditure 113,171 1,696 114,867 158,546
Net movement in funds 35,981 (1,196) 34,785 16,670
Balances brought forward at 1 May 2020 £26,883 £2,108 £28,991 £12,321
Balancescarriedforwardat30April2021 £62,864 £912 £63,776 £28,991

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

The Notes on Pages 7 to 10 form part of these Accounts.

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Crayford Arrows Sports Club Limited

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2021

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2021 2020
Note £ £ £ £
Tangible assets 4 2,441 3,255
Current Assets
Debtors 5 -
Cash at Bank and in Hand 64,335 28,105
64,335 28,105
Liabilities: Amounts Falling
Due Within One Year 6 (3,000) (2,369)
Net Current Assets 61,335 25,736
Total Assets less Current £63,776 £28,991
Liabilities
Funds
Unrestricted 62,864 26,883
Restricted 912 2,108
£63,776 £28,991
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The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

The Financial Statements have been prepared in accordance with the special provisions for small companies under Part 15 of theCompanies Act 2006 and with the Charities SORP (FRS102)

These financial statements were approved by the trustees and authorised for issue on and are signed on their behalf by:

\3 eer \ 2022

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lable
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* MrP Oliver
Trustee
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Company Number. 03682831

7

Crayford Arrows Sports Club Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2021

  1. Accounting Policies

1.1. Accounting Convention

The Financial Statements are prepared under the Historical Cost Convention and in accordance with applicable accounting standards, and the Charities SORP (FRS102)

1.2 Incoming Resources

Subscriptions and membership income that provides core funding or are of general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income from trading activities includes bar income which is recognised when there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. All other income is recogised when it is practicable and prudent to do so and the conditions for receipt have been met.

1.3 Resources Expended

Expenditure is recognised whena liability is incurred. Contractual arrangements and performance related costs are recognised as goods or services are supplied.

1.4 Financial Instruments

The sports club only has financial assets and financial liabilities ofa kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

15 Debtors

Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.

1.6 Creditors

Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.

1.7. Government Grants Policy

The government grants received by the company were in relation to the coronavirusjob retention scheme.

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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Crayford Arrows Sports Club Limited

NOTES TO THE ACCOUNTS (CONTINUED...)

FOR THE YEAR ENDED 30 APRIL 2021

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
£ £ £ £
2.1. Income from Charitable Activities
Subscriptions and Memberships 55,864 - 55,864 91,472
£55,864 - £55,864 £91,472
2.2.‘ Income from Other Trading Activities
Kit Sales 30 - 30 -
Hall Hire 930 - 930 7,562
Sundry Income 1,982 - 1,982 7,359
Bar Income 25,526 - 25,526 64,669
£28,468 - £28,468 £79,590
3.1. Costs of Raising Funds
Fundraising and publicity 850 - 850 1,585
Bar Expenditure 20,380 660 21,040 55,472
£21,230 £660 £21,890 £57,057
3.2 Charitable Activities
Note
Repairs and Maintenance 15,766 135 15,901 10,417
Caretaker Costs 9,215 - 9,215 4,020
League and Referee Fees 4,118 362 4,480 5,506
Kit
Trophy's and Engraving		 14
1,729		 126
-		 140
1,729		 217
1,897
Sports Equipment 6,520 - 6,520 5,833
Team Expenses 2,521 413 2,934 10,607
Ground Maintenance 12,170 - 12,170 15,845
Governance costs 3.3 39,888 - 39,888 47,147
£91,941 £1,036 £92,977 £101,489

Crayford Arrows Sports Club Limited

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NOTES TO THE ACCOUNTS (CONTINUED...)

FOR THE YEAR ENDED 30 APRIL 2021

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2021
£ £ £ £
3.3 Governance Costs
Rent and Rates 13,378 - 13,378 13,290
Insurance 3,744 - 3,744 3,651
Light and Heat 14,349 - 14,349 11,660
Telephone 713 - 713 576
Waste Disposal Fees 3,657 - 3,657 3,540
Legal and Professional Fees - - - 1,246
Accountancy Fees 1,500 - 1,500 1,500
General Expenses 1,178 - 1,178 9,834
Depreciation 814 - 814 1,085
Finance charges 660 - 660 751
Corporation Tax Interest (105) - (105) 14
£39,888 - £39,888 £47,147
4, TANGIBLE ASSETS
Plant and
Machinery
Cost
Balance Brought Forward 4,826
Additions ——
Balance Carried Forward £4,826
Depreciation
Balance Brought Forward 1,571
Depreciation forthe 814
year
Balance Carried Forward £2,385
Net Book Values at:
30th April 2021 £2,441
30thApril2020 £3,255

10

Crayford Arrows Sports Club Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2021

2021 2020
£ £
5. Debtors
Prepayments andAccrued Income - -
6. Liabilities: Amounts FallingDueWithin One Year
Accruals 3,000 1,500
Corporation Tax - 869
£3,000 £2,369
7, LegalStatus

The Company is Limited by Guarantee and does not have any Share Capital.

8. Reimbursed Expenses

No expenses have been reimbursed to committee members during the current or previous year.

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