REGISTERED CHARITY NUMBER: 1111619 REPORTOFTHETRUSfEESAND UNAUDITED FINAN(JALSTATEMENfS FOR THEYEAR ENDED 5APRILZO22 FOR SLEAFORD5PORTS ASSOCIATION Cliarity Commission 2 3 APR 2026 Received Duncan &TOlS timited 18 Northgate eaford ncolnshire NG34 78J
SLEAFORD SPORTS AS500ATION CONTENTS OF THE FINANCIALsfATEMENTS FOR THE YEAR ENDED5 APRIL2022 P Report ofthe Trusis Independent Exarninees RepDrt StateMt of Hnanclal AtIeS Balance Sheet Note5tothÈ Financial Statements 6 to 8 Detakledstatement of Nnancial Attiwties
5LEAFORD SPOIITS ASSOCIATrON REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 5 APRIL2022 The trustees present their report with the finarKial statements of the chartty for the year ended 5 April 2022. The trustees have adopted the provlsions of Accounting and Reporting by Charstie5'. Statement of Retommended Practke appllcable to charkles preparlng ihelr accounts in accordance wlth the Flnanclal Repon8 Standard appIable In the UK and Republk of Ireland IFRS 1021 (effective ljantsary 20191. OBJEcnvESAND AcnvmES Objectyves and aims The objertives of the charity are the promotion of ccmmunity partscSpatlon In healthy recreation for benefrt Of the inhabitants of Sleafard by the pmvi5ion of facilitie5for 5POrtwith an emph3si50n football. SIBnifi¢ant artlvltle5 The charity continued to run and maintsin the sport5 facility at E5kiforde Park, a)nstructed in 2(X)7. The facilities provide a lantast ba for the dubs uslng the facilltLes whlch contlnue to be sur£essful and increase thelr members, so more local people aré benefitting fri)m the excellentfatilities provided bythe charfty- The charity has rented football pitrhe5 to Sleaford Town Football Club and Sleaford fown Junlor Football Club and a150 on a "one off. bèsis to other or83nisatkins. It has also rented facillties to Sleaford Stride[5. Eslaforde Bcw15 aub and Sleaford Maltsters Archery Club. The tharlty has employed staff to run the dubhouse facilities, including a bar. Additional IncornÈ has been 8enerated from variousfund-raisin8 events and actfvltles. FINANCIAL REVIEW nandal poslilon The Statement of Financial Aclivf(ves shows netouteolng resources fortheyearof £21,60312021.' surplu5 of £4,823). The totsl reseTves at the end Df finantial year were £815.03412021.. £836,637), but the trustees intend ta try and increase Ilquid reserves to cover at least three4nonth running costs. The current bank loan of £194,000 was taken out in September 2017 on an intÈrÈst only basis for three rnontFs and from December 2017 is b2in8 repald In equal in5talments so the loan w511 be repald bv September 2042. Thè balènce outstandin8on this loan at S Aprll 2022 w3$ £177,35312021.. £182,579). In order to ensure the loan repaytnpnts can be made the trustees contlnue to ensure the overhead5 of the tharity are kept to a minimum 8rxl to try4nd find additional opportunities to maximise income from the facilities. srRUCTLIR4 GOVERNINAND MANAGEMENr Governin8 document The chaiity is controlled bylts 8oveming docurnen¢ its constituuon adopted on 6 July 24 and amended on 18 Aprll 2(K)5. 13 Julv 2009 ènd 14Augu5t 2017. Reuultmentand apptrne ofnewtrnstees The charity has a board of three tru5tee% all of whorn are volunteer5, who are eletted atthe Annual General Meeting of the Charlty the board of trustees m*t monthly as a fvll board. It has e5tsbli5hed a tnanagement COFnmitteÈ whieh discuss the attivltles of the charity in term5 of finwnce, PmIseS and staffin8. The management commlttee make rec0rnrndaons to the bDaTd of trustees aNd monitoroperatlcffjal activitie5. Priorto being elerted as trustees, nomlnees are InviEed to a board meeting to meet the trustees. Should they bÈ appolnted they are provided with all the relev&nt irFforrnation frDm the Charty Ccymmission and thecharity itself regarding the work of a trustee. The board of trltstees does notcurrently have a chalrman orvlcechalrman and thrts are being made to addresslhis matter. R15k manaBernent The trustees have a duty to identify and review the risk5 to vthich the charfty is exposed and tc ertsure appropriate trO a in è¢e to prwde reasonable assurance against fraud and èrror. REFERENCE AND ADMINISTrATIVE oAlL5 Rezi5tered Chartynumber 1111619 prtnclpal address Sleaford Town Football Club Boston Road Sleaford ncs NG349GH P38e I
SLEAFORDSPORTS AoATroN REPORTOFTHE TRUSTEES FOR THE YEAR ENDED5 APRIL21)22 Trustees JAShaw Msj M ryRouYke Independent Examiner DurK3n &Toplis Llrnited 18 Northgate Sleaford L*ncolnshSre NG347BJ Approved byordeT of thÈ board of trusteÈson............................ .............. . and sS8ned on Its behalf by.. J A Shaw-Tru5teÈ Page 2
INDEPENDENTEXAMINER'S REPORTTOTHETRUSTEES OF SlF0RD SPORTS ASSOOATION IndepEndentexamlner'sreport tothetrusteesof Sleaford Sptsrts Assodatlon I report to the charfty trustee5 on my eXaMinaan of the accounts of Sleaford Sports A5SOEiation (the Trustl for the year ended 5 Aprll 2022. ResponslbllhSes and ba4$ of report As the charfty twstees the Trust you are responsible for the preparation of the acwnts In accordante with the requirements o* theCharttiesAct 20111.the A¢t'l. I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and In carryln8 Out my examination I have followed all applicable Direttions8iven by the CharityComms5ion Undersectn 14515llbl ofthe ACL lrtdepwdent examsnerfs statement I FAve cornpleted my examSnation. I confimi that no mèterlal rnatters have come to my attentlon in connecbon with the ex8mlnation gwln8 me causeto bellevethat in any material pect.. atcountin8 records were not kept in respectoftheTru5t b5 required by Section 130 of theAct.' or the accounts do not accord with those records,. or the accounts do not comply with the applble requirements concernlng the form and content of accounts Set out in the Charities (Accounts and Reports) Regulatians 2008 other than any requirement that the accounts Ove 4 true and fair wew whid) Is not a matterconsidered as part of an indÈpÈndentexamlnation. I have no toncerns and have corne a05$ no other rnatte in connection wth the exarnination to whlth 3ttentlon shouhl be drawn in thls report in orderto enable a prop2runderstandlng of the accountstg be reached. Keith Phillip5 FCA Duncan &Topli5 knrntted 18 Northgate Sleaford colnshire NG34 78J Date:.. Page 3
SLEAFORDSPORTS A55OOATION sTATEMEOF FINANCIALAcrwtTIES FOR THEYEAR ENDED 5APRIL 2022 2022 Total funds 2021 Totsl funds Unrestritted fund Restrtted fund Notes INCOMEAND ENDOWMENTSFROM Donationsand legaoe5 2,0 4,020 Charitrajle adivitles Activitiès fgeneratIngfunds 74,377 74,377 56.318 Total 76,3T/ 76,377 60,338 EXPENDITURE ON Charltable aLtlvitles Activities foreenerdtiDE fvnds 97,980 97,980 55.515 NETINCOMVIEXPENDITUREI 121.6031 121.6031 4%23 RECONCIUATIDN OFFUNDS Total knnds brcJu8htforward 79,873 756,764 836,637 831,814 TOTALFUNDS CARRIED FORWARD 58,270 756,754 815,034 836,637 The note5form part of thp52 financial ststements Pa8e4
SLEAFORD SPORTS ASSOCIATION BALANCESHE 5 APRIL2022 2022 Tctal funds 2021 Total funds Unre5tncted lund Restrlcted fund Note5 FIXED ASS5 Tangible assets 219,979 756.764 976,743 990,723 CURRENT ASSETS stocks Cash at bank 2,0 20,900 I,0 29.665 20,900 21900 22,900 3L665 CREDITORS Amounts fallingdue withinoneyear 112,4831 112,4831 18,3981 NcURREN[ ASSETS 10,417 10,417 23.267 TOTALASSETS LESSCURREuAB1LrnES 230.396 756,764 987,160 1,013,990 CREDITORS Amwnts falllngdue after more than one year 1172.1261 1172.1261 1177,3531 58,270 756,764 815,034 836,637 FUNDS Unrestricted funds Restrlcted funds 5&270 756,764 7973 756,764 TOTAL FUNDS 815,034 836.637 zs /,../e.G........... The financkil ststements were èpproved by the Board of Trustèes and authortsed lor issue on ............ were 5ignÈd on tts behalf bw. J AShaw- Trustee The note5form part of thesefinarKial staternents Page 5
SLEAFORD SPORTS ASSOCIAnoN NOTESTOTHE FINANCIALSfATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 ACCOUNllNG pouaES 84515 of preparing thefjnanoal ststemer The financial statements of the charfty, whlth is a publi¢ benefrt entity under FRS 102, have beer) prepared in acctxdance wlth the Charities SORP IF85 1021 'AccountinE and Reporbng by Charitiès.. Statement of Recommended Prartitt applicable to charitie5 prep3rin8 their accounts In accordan with the Financial Reporting Standard applicable in the UK and Republl of Ireland IFRS 1021 (effective l January 20191., Flnantial Reportin8 Standard 102 Yhe Financial Reporting Standard appllcable in the UK and Republlc of Ireland, and the Ch3rities Act 2011. financial ststements have been prepared underthe historical cost convention. Incorne All brOme is recognised In the St&emènt of Financial Activitie5 once the charity has entitlement to the funds. it is probable thatthe income wlll be received and the atnountcan be measured rellablv. Expertdlture Liabilities are recognised as expenditure as soon as there Is a leg81 or construttive obli88tlon committin8 thp charlty to that expenditure, It Is probable that a tr3n5*er of eoMiC benefit5 will be required In settlement and the amount of the obligation can be rnea5ured reliably. Expendlture Is accounted for on an 8c¢ru8ls b8sls and has been tlassrfiÈd under headings that aggregate all Cost related to the cate80ry. Where costs cannot be direcdy attributed to particular heading5 they have been alhcated to actyvltieson a basts ¢f51stentTrth the use of resource5. Yanyble ffixed assets Oepreciatlon Is prowded at thefolbhthr¥annu41 ratss in ordeTto write off each a55etoverits estimated useful Ilfe. Freehold prope Plantznd machlnery 15% on t05t 25% on cost, IO% on c05t and 5% on cost sio¢ks Stocks are valued at the h)wer of cost and net reallsable value. after makin8 due allowance for obsolets and slow miivln8 iterns. T4xat¢oTr charfty i5exemptfrom tsx on Its charitable atbwties. Fund accounting Unrestrfcted fundscan te used In acCoantEhIhe tharftsbleobie¢bve5 3tthe d15cretion of thetrustees. Restricted funds c8n only be used for parbcular restrirted purpos wlthin the objects of the charity. RestrKtion5 ase when spe£lfied bythedonororwhen funds are raised forpartlcular restrlcted purposes. Further explanatl¢)n of the nature and purp05eef eachfund is Included In the notes to the finanoal ststsments. TRUSTEES. REMUNERATION AND BENEFrrs Mrs J O'RoLJrke w35 pa remuneration for dutie5 carried out a5 an ernployee ol tho Charlty ITr the yoar onded S Aprll 202? of £5,560. Trustee5' e¥4)enses Therewere no trustEes' expen525 paidforthe year ended 5 April 2022 norforthe yearended SApril 2021. P8ge 6 continued...
5LEAFORD SPORTS ASSoaATION NOTESTOTrIE ANANaALSTATEMENfs- con¢lnu¢d FOR THEYEAR ENDED SAPRIL2022 COMPARATIVES KIR THE sTATEMEoFNANCIALACTrvr[iES Unrestricted fund Resmcted nd Totsl funds INCOMEANO ENDOWMENTS FROM Don3tions and IE8acies 4.020 4.020 Charftable activities Attfvitles fergenerangfunds 56.318 56,218 Total 60,338 60,338 EXPENDITURE ON Charltable 3Ctivities Attfvltlesforgeneratingfunds 48,743 6.772 55,515 NET INCOME/IEXPENDffUREI IL595 16.7721 4.823 RECONCIUAMON OF FUNDS Total fund5 brou8ht forw8rd 68.278 763.536 83L814 TOTAL FuNDsRRIED FORWARD 79.873 756,764 836.637 TANGIBLE FIXED ASS5 Freehold property Plant and machinery Tots15 COST At6 ApT(12021 and S April 2022 1,105,894 106,237 1,213,131 DEPRECIATION At 6 April 2021 Chargeforyear 129.271 9,310 93,137 4.670 222,408 13,980 At 5 April 2022 138581 97.807 236,388 NEf BOOKVALue At 5 April 2022 968.3L3 8.430 976.743 At 5April 2021 977,623 13,100 990,723 STOCKS 2022 2021 Stock5 2,000 Page 7 c0nnUed...
SLEAFORD SPORTSASSOCIATION NOTESTOTHE FINANCIA15TATEMEwf5- coniinued FOR THE YEAR ENDED S APRIL 2022 CREDITORS:AMOUNTS FAWNG DLIE WITHINONEYEAR 2022 2021 Bankloans overdrafts (see note 81 Taxation and sotial $ul1ty Othercredltors 5.226 3.032 4,225 5,226 147 3.025 12,483 8,398 CREDITOR5:AMOLINfs FAUING DUE AFfER MORETHAN ONE YEAR 2022 2021 Bank loan51see rte8) 172,126 177.353 LOANS An analysSs of the mattsrity of loan5 k5 wven below.. 2022 2021 Amounts falling due within oneyeor on demand.. Bank loans 5,226 5,226 Amounts falling between one and twoyears: ank loans- 1.2 year5 5,226 5.226 Amountsfallingdue betweentrlo and fnfeyears.. Bank loans- 2-5 year5 15.679 15,679 Amounts falllnKdue In me than fiveyear5'. Repayable bylnst#lments'. Bank kans more 5 yr by in5ts1 151.221 156,448 MOVEMENTIN FUNDS The restrKted funds represent capltal gtsnts retÈived for the provision of a new sports facility at Eslaforde Park ènd also for the purchase of spotts equlpment. These wants plice restricti(5 on the use and le of the freehold prop&Tr and Skwts equipment. As the relèed assets are depreciated, thea 3 transfer Is made frcm restricted a55et fund5 to unrestricted revenue reseryesto reftect the dlmlnution In the assets. io. RELATED PARTY DJSCLOSURES There were no related party tran5aCtiow forthe yearended 5 April 2022 with theexception of thoseoutlined In note 2. Page 8
SLEAFORD SPORTSASSOCIATION DETAILED STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 5 APRIL2022 2022 2021 INCOMEAND ENDOWMENTS Ponatlons and légatles Donations 2,0(M) 4,020 Charltable actlvliies Barincome Pitrh fees 32,112 16.600 10,143 15,522 3,424 7,280 9,552 36,062 COVID 8faTrts 74,377 56,318 Total Incomln8resources 76,3TI 60,338 EXpENDURE Charltable actlvliles Rate5 and water Insurance Lht and heat Telephone Sundries Repair5ènd rènewals Cleaningand waste disposal Grounds malntenance Opening stod¢ Purchases Wages C1058 Stock Freehold property Plant and Machinery 2,572 2,445 S,048 932 1230 2,188 3,265 212 1,758 233 4.610 2,750 2,026 15,681 12,(K))I 9,310 9,161 337 10,274 2.0 17,874 24,793 12,(hlOI 9,310 4,670 87,416 46,923 5upportcosts Finance Bank tharges 740 459 Other Bank interest 8.824 7.6Q8 G¢)VerMan costs Accovntsncy and legal fees 525 Total resources expended 97,980 55.515 Netle¥penditurellincome 121,6031 4,823 page does not fcMI partofthe statutoryfinancial statements Page 9