REGISTERED COMPAIYY NUNtBER: 05047006 (England and Wales) REGISTERED CHARITY NUMBER: 1104526 ort of the Trustees and Unaudited F. ncial Statements f the Year Ended 3 March 2024 PE TO OMMUNITY A D SOCIAL CL IMITED Ark Accountancy Limited Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 IQX
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Contents of the Financia] Staternents for th Year Ended 31 March 2024 Page Report of the Trustees Independent Examinefs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statenient of Financial Activities 13 to 14
PENTON COMMUNITY AND SOCEAL CLUB LIMITED Re rt of the Trustees for the Year Ended 31 March 20ryA The trustees who are also directors of the charity for the purposes of the Companies Act 2006, pres¢nt their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 R¢public of Ireland (FRS 102) (effective l January 2019). ORIECTIVES AND ACTIVITIES Objeelives and aims The company has continued to operate the community centre at Penton Park and its objects continue to be to provide facilities for the social w¢lfare and to improve the life and conditions of the Tcsidents of Penton Park. Significant aetivitie$ The trustees are pleased to say that the club finished the f]naDCtal year in a slightly better financial position than at the starL but toward the Sond half, expenditure has exceeded in¢ome in five of the last 8 months. Main item5 of ¢xpenditure have been the rebuilding of the external fence, tidying up of the external areas, and the purchas¢ of a fourth CCTV camera to cover a pr¢viou8ly 'blind' area in the bar. Addilionally, the cost of overheads (utilities, renl. rates etc), and stock have increased considerably. We increased bar prices in April, but we may need to review all income sOUe$ again if costs continue to ris¢. Members are playing their part, continuing to support the club through bar sales, raffle4 coffee mornings? etc. The club depends totally on the support of its members and we are grateful for their continuing loyalty. FUTURE PLANS The directors do not propose any major changes to either the objects or the operation of the company and charity. The external roof facias and guttering need replacing urgently. The trustees will consider the options for submitting a grant application to cover the cost. Lease negotiations have been completed, and an extension for a fithher five years has been verbally aed. STRUCTURE, GOVERNANCE AND LIIANAGEMENT Governing document The charity is controlled by its governing document. a deed of trl, and constitutes a limited company> limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAItS Registered C'ompany number 05047006 (Ingland and Wales) Registered Charity number 1104526 Registered offiee Penton Park c.lub Chertsey, Surrey KT16 8QP Trustees Mrs D Clarke, Director Ms S Dally, Director M A Downes. Director (resigned 31.5.23) Ars P E Kin& Director (resigned l.11.23) C J Liddle, Director W Ash¢roft, Director Ms A M Stock,s Director (resigned 3 l.12.23) Ms L Blake, Dire¢tor Company Secretary Mr3 S Hutchinson Page I
PENTON COMMUNITY AND SOCIAL CLUB LIMITED ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Maiy E Ryan Ark Accountancy Limited Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 IQX Mem bers Members are those individuals who have paid the annual subscription for the current year. In the event of the charitable coinpany being wound up the liability of the inembers and thos¢ person who had been members up to one year before the winding up is limited to £1 O. Approved by order of the board of trustees on and signed on its behalf by: W Ashcroft- Tru Page 2
Inde ndent Examinerfs Re ort to the Trustees of PENTON COMMUNITY AND SOCIAL CLUB LIMITED Independent examinerfs report to the trustees of PENTON COMMUNITY AND SOCIAL CLUB LIMITED ('the Company,) I report t() the charity tn]stees on my examination of the accounts of the Company for th¢ y¢ar ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance wtth the requirements of the Companies Act 2006 ('the 2006 Act). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of your charity's accounts as CTled out under Section 145 of th¢ 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 confirni that no matters have come to my attention in connection with the examination giving me cause to believe; accounting records W¢Te not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records. 01 the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requtMent that the accounts give a true and fair view which is not a matter considered ay part of 8J) independent examination. or the a¢counts have not been prepared in a¢¢ordan¢e with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicabl¢ to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Kepublic 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. Mary E Ryan Ark Accountancy Limited Chartered Certified Awountant 31 Cheam Road Epsom Surrey KT17 IQX Date: ... Page 3
PENTON COMMUNITY AND SOCIAL CLUB LIMITE Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund R¢stricted funds Notes INCOME AND ENDOWMENfs FROM Donations and legacies J4,527 2,104 16,631 4,851 Charit*ble activitles Bar Sale4 Cominunity & Social Events 100,987 100.987 93,468 Other trading adivities Investment inwme 41,325 501 41.325 501 39,324 312 Total 2.104 137,955 EXPENDITURE ON Raising fvnds 45.518 45,518 43.492 Charitable activities Bar Sales, Community & Social Events I07.068 108 608 116397 Totsl 152,586 154 126 159 889 NET INCOMEI(EXPENDITURE) Transfers between funds 4,754 564 564 564 5,318 (21,934) 12 Net movement An funds 5,318 5,318 (21,934) RECONCILIATION OF FUNDS Total funds brought forward 23,925 23,925 45,859 TOTAL FUNDS CARRIED FORWARD 29.243 The notes forn] part of these fmancial statements Page 4
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Balance Sheet 31 March 2024 3J.3.24 Total fimds 31.3.23 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 8,609 8.609 9,816 CURRE1 ASSETS Stocks Debtors Cash at bank and in haDd 3,615 3,662 20.622 3,615 3,662 20,622 2,12l 10 17.500 27.899 27,899 19,621 CREDITORS Amounts falling due within one year (7,265) (7,265) (5,512) NET CURRENT ASSETS 20,634 TOTAL ASSETS LESS CURRENT LIABILITIES 29,243 29,243 23,925 NET ASSETS 29,243 29,243 FUNDS Unr¢stri¢t¢d funds 12 TOTAL FUNDS 23,925 The charitable company is entitled to exemption fron] audit under Section 477 of th¢ Companies Act 2006 for the year ended 31 Marcli 2024. The members have not required the company to obtain an audit of its fmancial statements for the year ended 31 March 2024 in a¢cordaThc¢ with Section 476 of the Companies Act 2006. The ljustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companie5 Act 2006 and preparing fmancial statements which give a true and fair view of the state of affairs of the clthritable company as at the end of each fancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise Comply with tbe requirements of the Cotnpanies Act 2006 r¢lating to fmancial Stat¢meTh so far as applicable to th¢ charitable company. (b) The notes fonn part of these fllwicial statements Pag¢ 5 continued...
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance with th¢ provisions applicable to charitable companies subject to the small companies regime. The fin nc statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. W Ashcroft - rustee The notes form part of these finaneial Statements Page 6
PENTON COMMUNITY AND SOCIAL CLUB LtMtTED Notes to the Financial Statements for tbe Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the finaneial statements The fancIal statements of the charitable company, which is a public benefit entity under FRS I02. have been prepared in accordance with the Charities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of Recommended Practice appltcable to charities preparing their accounts in accordance with the Financial ReportiDg Standard applicable in the UK and Republic of Ireland (FRS 102) (eifective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial stalements have been prepared under the historical cost convention. Income All incom¢ is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a trarL8fer of economic b¢nefits will be required in settlement and the amount of the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and has been classified under headings that aggreg¢ all cost related lo thL calegory. Where costs cannot be directly attributed to particular headings they have b¢en allocat¢d to activities on a basis consistent with the use of resources. Grants offered subject to conditions whi¢h have not been met at the year ¢nd date are noted as a Commitment but not acLrued as expendittirc. Tangible fixed assets Depreciation is provided at the following annual rates in order to wrAte off each asset over its estimated useful life. Short leasehold Fixtures and fittings in accordance with the property 250/0 on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation t&K on its charitable activities. Fund aeeounting Unrestricted fid$ can be used in accordance with the ckwitable Objectiv at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purch9se and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of th¢ lease. Page 7 ¢ontillueiL..
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Notes to the Financial Statements- continued for the Year Ended 31 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Gaming machines, pool Lotteries, raffles Memberships. Golden Ball & other income 25,065 9,927 6,333 16,494 12.299 10.531 39,324 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 501 312 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting): 31.3.24 31.3.23 Depreciation - owned assets Hire of plant and machinery Other operating le&ses 1,207 15.377 ,526 9,010 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for th¢ year ended 31 Mdrch 2023. Trustees, expenses There were no 31 March 2023. truste¢s' expenses paid for the year ended 31 M8rch2024 nor for th¢ year ended STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.24 31.323 Bar staff Cleaner No employees received emoluments in excess of £60,000. Page 8 continued...
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Notes to the Financial Statements - continued for th¢ YpAr Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENfs FROM Donations and legacies 4,778 73 4,851 Charitable activities Bar Sales, Commuuity & Social Events 93,468 93.468 Other trading activities Investment income 38,495 312 829 39.324 312 Total 137.053 902 137 955 F.XPENDITURE O R<iising funds 43,492 43,492 Charitable aetivities Bar Sales, Community & Social Events 114706 1,691 Il6397 Total 158 198 159.889 NET INCOMEI(EXPENDITURE) Transfers between funds (21,145) 131 (789) 131 (21,934) Net moverneDt in funds (21276) (658) (21.934) RECONCILIATIO]Y OF FUNDS Total funds brought forward 45,201 658 45,859 TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Fixtures and fJtting$ Short leasehold Totals COST At l April 2023 and 31 March 2024 10,148 DEPRECIATION At l April 2023 Charge for year 4,146 254 5,616 953 9,762 At 31 March 2024 4,400 NET BOOK VALIJE At 31 March 2024 5.748 2.861 8,609 At 31 March 2023 9.816 Page 9 continued...
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Notes to the Financial Statements - continued for the Year Ended 31 March 2024 STOCKS 31,3.24 31.3.23 Stocks 2.121 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.324 31.3.23 Trade creditors Tax Social security and other laxes VAT Other creditors Accrued expenses (319) 1,262 693 738 1,677 (96) 956 1,692 1,148 812 7.265 12. MOVEMEWf IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unre4tricted funds Gencral fund 23,925 4,754 564 29,243 Restricted funds Bowls Club 'Woody' Bingo sundries 16 548 (16) 564 564 TOTAL FUIYDS 29,243 Net movement in fund% included in the above are as follows: tncoming resources Resources expended Movement in funds Unrestrieted funds General fund 157.340 (152,586) 4,754 Restricted fuDds Bowls Club Woody, Bingo sun(tries 79 (63) 1,477) 16 548 564 TOTAL FUNDS 159,444 154.126 5.318 Page 10 continued...
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Notes to the Financial Statements- continued for the Year Ended 31 March 2024 12. MOVEMENf IN FUNDS- contittued ComparAtive$ for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 45,201 (21,145) (131) 23,925 Restricted funds Bowls Club'woody, Seniors Xm&s party Toilet refurbisliment Bingo suudries (25) (576) (48) 18 69 507 48 96 658 789 131 TOTAL FUNDS 21934) Comparative net movement in funds, included in the above are as follows: Lncoming resources Resources expended Movement in funds Unrestricted funds General fund 137,053 (158,198) (21,145) Restricted funds Bowls Club'woody, Seniors Xmas party Toilet refurbishment Bingo sundries 73 724 (98) (1.300) (48) 245 (25) (576) (48) 140 105 902 1.691 789 TOTAL FUNDS 137 955 159,889) 21934) 13. RELATED PARTY DISCLOSURES The club is established for the use of members and their guests and therefore the majority of the trdnsartions are with related parties Page 11 continued...
PENTON COMMUNrrY AND SOCIAL CLUB LIMITED Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. GROUP ACCOUNTS These accounts are the consolidated accounts of the company and its trading subsidiary. Penty)n Park Trading Ltd Page 12
PENTON COMMUNITY AND SOCIAL CLUB LIMITED Detsiled Statement of Financial Activities for the Year Ended 31 March 2024 31.324 31.3.23 INCOME AND ENDOWMENTS Donatioos and legacies Donations 16.631 4,851 Other trading activities Gaming machines, pool Lott¢ries. rdffles Memberships, Golden Ball & other income 25,065 9,927 16,494 12,299 41,325 39.324 Investment income Deposit account interest 501 312 Charitable actlvities Bar Sales 100 987 93.468 Total incoming resources 159.444 137,955 EXPENDJTURE Other trnding ACtivitAe$ Bar Purchases 45.518 43,492 Cbarithble aetlvities Wages Equipment rentals Other operating le&8es Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Repairs & refurbAshment F.ntertainments Bank charges & interest Stocktakers fees Machine games duty Sub-contractors Short leasehold Fixtures and fittings Grants to institutions Grants to individuals 44.849 15,377 2.156 685 6,189 7,332 556 566 4,382 7,323 9,234 2,fv12 135 4,749 44,472 9,010 1,975 797 5,746 6,000 555 1,093 4,355 22,526 9,674 2,644 465 3,902 157 254 1,272 500 254 954 175 50 107,608 115,397 Support eosts This page does not forn] part of the statutory fmancial statements Page 13
PENTON COMMUNrrY AND SOCIAL CLUB LIMITED Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Support eosts Governance c05ty Accountancy fccs 1.000 Total resources expended l54,126 159.889 Net ineomel(expenditure) 21,934} This page does not fonn part of the statutory fmancial statements Page 14