REGISTERED CHARrrY NUMBER: 1111619 REPORT OFTHETRIJSTEESAND UNAUDITED FINANCIAL5fATEMENrs FOR ThEYEAR ENDED 5 APRIL2023 FOR SLEAFORD 5PORT5 ASSOCIATION Charity Cofflmission 2 3 APR 2026 Received Ouncan & Toplls Limlted 18 Northgat Sleaford Lincolnshi NG34 7BJ
SLEAFORDSPORT5 ASSOQATION COI4TENTSOFYHE FINANaAL5TATEMENrs FOR THEYEAR ENDED 5APRIL2023 PaEe Report altheTrustees Independent Examinerfs Report sement of Ftnanclal AttNlties Baanosheet Notesto the Nnan¢xal Statements 6 to 8 OÈtailed Ststementof Finandal Actlvities
SLEAFORD SPORTSAssoaAMON REPORT OFTHETRUSTEES FOR THE YEAR ENDED 5 APRIL 2023 The trustees present their report the financial 5tatement5 of the charity for the year ended 5 April 2023. The trustees have adopted the provéslons of Accounting and Retwbng by charle$.. Statement of Recornmended Practice applkable to charities prep3rfng t1r accounts In accordance with thp Rnanoal ReportlnE Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. oBjE1VE5ANO AcnvmES Obthves amd aims The objectives of the charfty are the womotlon of communlty partiopation In healthy recreatlon for the benefit of the inhabltants ol Sleaford bythe proviycw of faclllbesfr sportwtth an ernphasi5 on fothll. Significant attivitie5 The charity contlnued to run and maintain the sports fdcillty at Eslaforde Park. constructed in 2CA17. The fac111J prcvlde a f8Jtsstlc base for the dubs usin8 the facilitie5 which contlnue to be successful and increase their members, so more local people are ber**ittin8from the exc2llent facilitie5 provfded bythe charity. The charity hè5 rented footb311 pltches to Sleafcrd Town Football CTub and Sleaford Town Junior Ftball Club and a150 on È 'one off, ba515 to other organisatn5. It ha5 also rented facIlle5 to Sleèford Striders, E51aforde Bowls Club a1 Sleaford Maltster5 Archery Club. The charbty has employed staff to run the clubhouse f3(31ities. including è bar. Additional Income has been generated from various fund-raisingevents and actlvityes. RNANaALREVIEW Flnandal pos1¢ The Statement of Financial Acbwtie55hows net outEoingresource5 forthe year of £?5,1(20?2.. £21,603). The total reserves at the er¥1 of financlal year were £789,83412022.. £815,D>ll, but the trustses Intend trj try and irKrease liouid reseTve5 to cover at least three-month running tosts. The current bank loan of £194,000 was tèken out iri September 2017 on an Interest only basis for three month5 and from Dernber 2017 is being repèld in equal in5talments so the loan will be Tepaid by September 2042. The balance Outstanding this loan at 5 April 2023was £167.48812022.. £177,353). In order to ensure the loan repayments can be made the trustees continue to ensure the overheads of the tharty are kept to a minimum ènd totryand find additional opportunities to ma[lse inwrnefrom thefacllitles. SrRURE. GOVERNANCEANDMANAGEMENT Governing document The charity is contrdkd by its governin8 document, its constitutlon adopted on 6July 2004 and amended on 18 April 2LN)5, 13 2009 and 14 August 2017. ReEruitsnent and appolntmentof rltruSieeS The charity has a board of three triJstee5, all of whom 3re volunteers, who are elected at the Annual General Meeting of the Charrty the board of trustees meet morthly a5 a full board. It ha5 e5t8bllshed a management tommittee which discu the activltie5 of the charity in terrns of finance, premises and stsfflng. The mana8empnt committee make recommendations to the board of trustees and monltoropetstlonal artl¥ities. Prlor to being elerted 35 trustee5, nominees Zre invlted to a boèrd meeting to rneet the trustees. Shoukl they be appolnted tw are provided with all the relevant information from the Charitycornmission and the charity Itself re8ardinsthe WDrk cf a trustee. The board oftru5tees do25 fK)tcurrentty have a chalrman Orvi chaSm)an and effort5 are belnsrllade to add55 thls matter. Rlsk management The trustee5 have 8 duty to identtfy and review the risk5 to which the charlty Is exposed and to ensure appropriate contro15 are In place to provide re3sonable assurante agalnstfraud and error. REFERENCE ANDADMINisfRAfivE DETAIL5 Registered Charitynumber 1111619 Prfnrlpal address Sleaford Town Football aub Boston Road Sleaford NG34 9GH gel
SLEAFORD SPORTSASSOCIATION REPORTOF YHE TRvsfEES FOR TrIEYEAR ENDED 5 APRIL2023 Trustee5 JA5haw Ms J M O'Rourke Independ•rt Examlner Duncèn &Toplls Lirnited 18 Northgate Sle3ford Uncoln5hire NG34 7BJ ,,/,/, Approved by orderofthe boord oftrustees on............................................ and signed on its behalf by.. J A Shaw-Tru5tee Page 2
INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEESOF SLEAFORDSPORTS AssoaATrON Indepertdentex8mlnerfs report tothetru5tees of51ealord sports Assodatlon I rewrt to the charity trustees on my examlnation of the accounts of Sleaford Srts Assoclatlon Ilhe Trust) for the year ended SApril 2023. Respon51bllltle5 and baslsof rewt As the charity trustees of the Trust you are respons¢ble for the preparotion of accounts in accordance with the requlrernents of theCharle$ Act20111'the Att'l. I report In respect of my examination of the Trust's accounts carrled out under 5ectton 145 of the ALt arKI in carrwng ot my examlnation I have followed all appllcabk Dlrectlons Oven bythecharltycommis0n undersection 14515llbl of the Act. Independentexamlrtels statement I hHve completed rny exaFninatlDn. I confirrn that no rllaterial mattets have come to my attenOn In connection wth th examsnaticn me cau5etp believe th in any m#teTial re5pe¢t'. attounting records were mt kept In respert of theTrustas requlred by ctIOn 130 of the Art.. or the èccounts do notaccord with those records,. or the atcijunts do not Comply with the appllcable requirements concernlng the form and content of accounts set out in the Charities IAccouDts and Reportsl Regulation5 2008 other than any requirement thqt the accounts Ove a true and frair wew whlch Is not a rnatterconsidered as part of an independent examination. I have nts contsms and have come across no other matters in cneCtiOn with the exarninatioTr to which attentign should be drawn in this report in grdeito enable a proper under5tandin8of the accountsto be reached. Keith Phillips FCA Dtjncan &Toplis Mited 18 Northge Sleaford ncolnshlre NG34 78J Date.. PaEe 3
SLEAFORD SPORTS AWCIATIQN srATEMENTOF FINANOALACTIWTIES FOR THE YEAR ENDED SAPRIL2023 2023 Total lunds 2022 Total fund5 Unrests1cted fund Restrlcted fund Notes INCOME AND ENDOWMENfs FROM Donation5 and le8aoes 1.9 1,913 2.0(K) Charltable artivltl¢s Acbvttiesfor Èeneratin8 funds 67,778 67,778 74.377 Totsl 69,691 69.691 76,377 EXPENDITURE ON Charitable athvitles Actiiritie5for8eneratingfund5 94,890 94. 97,980 NET INCOME/(EXPENDURE} 125,1991 125,1931 121,6031 RECONCILIATION OF FUNDS Totalfunds brouEhtforward 65,041 749,992 815.033 836,637 TOTAL FUNDSCARRIED FORWARD 39,842 749,992 789.834 815,034 The notes form part of thesefinancial statements Pale 4
SLEAFORD SPORTS AssofJATION BALANCE SHEEr 5 APRIL2023 2023 Tctal fvnds 2022 Total tunds Unrestricted fund Restrlcted fund FIXEDASSErs Tangible a55ets 215,307 749992 965,299 976.743 CURRE ASSETS Stocks Cash at bank 2.om 3,370 2.LWJO 3,370 2,0 20,900 5,370 5.370 22,9(X) CREDITORS Amounts fallingduewithin one year 113.3471 113,3471 112.4831 NEfcuRRENT ASSEfs 17,9771 17.9771 10,417 TOTALASSETS LESS CURRENTLIABILMES 207,330 749,992 957,322 987,160 CREDITORS Amountsfallingdueafter more than oneyear 1167,4881 1167,4881 1172.J261 N[rsEr5 39,842 749,992 789,834 815,034 FUNDS Unrestritted fund5 Restrictedfund5 39,842 749,992 58,270 756,764 TOTALFUND5 789.834 815,034 The financial statements wwe OPPToved by the Board of Trustees and authorised for isstse on were signed on its behalf by.. and J A Shaw-Trustee The notes*orm partof these financlal statemen15 Page S
SLEAFORD5PORTS A$50CIATION NOTESTOTHE FINANCIAL STATEMEKfs FOR THE YEAR ENDED5 APRIL2023 ACCOUNTING POUCIES Bè5is of prep8rih8thÈfinanual statements The finan¢lal 51Htements of the charity, whlth L% a publit benefit entity undw FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accountlng and Reporting by Chjritles.. Statement of Recommended Practits applicable to charities preparin8 their accounts in accordan with the Financial Reporting Sténdard applic0e in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financkl ReporbD8 Standard 102 Yhe Financlal Reporting stsrKJard applicable in the UK and Republic of Ireland, and the Charitles Act 2011. tlnancial statements have been prepared under the historlcal cost conventlon. Income All income is recognlsed In the StstÈment of AryaD¢ial Activities once the charfty has entitlement to the funds, it 15 probable thatthe incomewill be received and the amountcan be measured rellablv. EXpendIre Liobilities a recognised a5 expenditure as soon as there is a legal or cun5tructive obli8ation committing the charlty to that ¥penditure, It is probable that a transfer of economlc beneflts will be requlied in setdèment and the amount of the obligation can be rneasured reliably. E¥pendlture is attountÈd for cn an 3ccrua15 basls and h3$ been cla5slfled under headings that awegate èll cost related to the cate80ry. Where cast5 cènnot be directly attributed to part(cul8r headin¥5 they have been 311ocated to actlvlties on a basis con515tentwiththe use of resourw. Tanzible fixed a55ets Depreciation Is provided atthefollowing annual r3te5 In ordertowrlfeoff each assetover its estimated useful lrfe. Freehold property Plantand mathlnery 15% on c05t 25% on c05t, IO%on c05t and 5% on cost Storks Stock5 are vèlued at the lower of c05t Bnd net reallble value, after making due allowance for obsolete and slow moving Item5. Taxatl The ch3rltyls exernptfrom tsx on Stscharftable actDirÉles. Fund accountln& Unrestricted funds can be used in accordarKe with the charitableoblectives at the d15cretlon of the trustees. Restricted lunds ean only be used for particular restrlcted purposes withln the objects of thÈ charity- Restrttiorts are vhen specified by the dcnororwhen fund5 a¥e raised forparticular restricted purposes. Furtherexplanation of the nature and purpose of each fund is included in the tH)te5 to the financial statements. TRUSTEES, REMUNERAIION AND BENEFirs Mrs J O'Rourke w35 pald remunerafjon for duties carried out as an employee of the Charfty in the year ended 5 April 2023 of £8,56012022.. £5,560). Mr James shaw ¥vas also pald nIneratiOn for dytles carrfed out as an employee of the Ch8r¢ty in the year ended S Aprll 2023 Df £2,29712022.. £Nill. Thistees, eypenses There were no trustees, expenses paldforthe year ended 5 Aprll 2023 norforthe year ended 5 April 2022. Page 6 tontinued...
SLEAFORD SPORT5 ASSOaAnoN NOTESYOTHE FINANaALSTATEMENTS- contlnued FOR THEYEAR ENDED 5 APRIL 2023 COMPARATIVES FOR THE STATEMENTOF FINANCIALArnvrriES UnTestricted fund Resirkted fund Total funds INCOME AND ENI)OWENTS FROM Donations and legacies 2.(M)O Charitable acl1iTheS Athties for8eneratin8funds 74,377 74.377 Total 76,377 76,377 EXPENDITURE ON tharitablÉ act[e5 Actlwties forgeneratingfunds 97,980 97.980 INCOMEIIEXPENDITUREI 121,FA131 121.6031 RECONaLIATION OF FUNOS Total fut¥Js broughtforward 79.873 756,764 836.637 TOTALFUNDSCARRIED FORWARD 58.270 756,764 815,034 TANfjIBLE FIXED ASSETS Freehold property Plantand machlnery Tots15 COST At 6Aprtl 2022 and 5 April 2023 L106,894 106,237 1,213,131 DEPREaATION At 6April 2022 Charge foryear 138,581 9,310 97,807 2.134 236,38B 11,444 At 5 April 2023 147,891 99,941 247,832 NET BOOKVALUE At 5 April 2023 959.003 6,296 965,299 At 5 April 2022 968,313 8.430 976,743 STOCKS 2023 2022 Stc£ks 2.0 2,Lh)D Page 7 contlnJed...
SLEAFORD SPORTSASSOCIATION NOTE5TOTME FINANOAL 5TATEMENTS- contlnued FOR THE YEAR ENDED S APRIL2023 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loansand overdrafts Isee note 81 Tèxation and social security oiher creditors 5,226 3,146 4,975 5,226 3.032 4,225 13.347 12,483 cREOR5:AMOVNTS FALUNG DUEAFTER MOREThAN ONEYEAR 2023 2022 Bank loan51see note 81 167,488 172,126 LOANS An analys55 of the matur5tyof loans is given below= 2023 2022 Amounts falling due Trmthin oneyear deMd.. Bankloans 5,226 5.226 Amounts falling between one and two years.. nk loans- 1-2 years S.226 5.226 Amounts fallingdue between tsvo ar fwe years.. Bank loans- 2-5 years 15.679 15,679 Amounts*alllngdue in morethan fveyears.. Repayable bylNttalments'. Bank loans more S yrby instal 146,583 151.221 MOVEMENTIN FUNDS The restricted funds represent capital Erants recefved for the provisKJn of a sports faciltty at Eslaforde Park and also for the purchase of sports equipment. These 8rants place rÈstriction5 on the use and sale ol freehold properw and sports equSpmenL As the relaed aet5 are depreciated. then a transfer is made from re5trlcted Set fvnds to unrestrirted revenue reserves to reflectthe dimlnutknn In the assetk io. RELATED PARTY DISCLOSURES There were norelated partytr3nSaLtnsfor the year ended SAprfl 2023 %yiththe exceptiDn of those Duuined in note 2. PB8e 8
SLEAFORDSPORTS ASSOOATION DETAILED STATEMENTOF FINANaALAcTIv1Ls FOR THE YEAR ENDED 5 APRIL2023 2023 2022 INCOMEAND ENDOWMEN15 Donatsorhs and148des tk)n3tions L913 Ch8rttable arthjties Barlncome Pitch fees Hlre of fats11tS COVID8rants Football 5tadiè 8raJ)ts 43,616 20,314 799 32.IL2 16,6L¥J 10,143 15.522 3,049 67,778 74,377 Tthal Incomln8 resources 69.691 76,377 EXPENDITIJRE tharltable artlvhles Rates and water Insurance Light and heat Telephone Sundries Rep3lrs and renewals Cleaning and waste disposal Grounds maInnan Openin8Stock Purchas Wages Closin8 stock Freehdd property Plant and machinery 2,371 2,640 5,803 830 406 2,971 412 17,239 2,000 18.812 20,396 12.0001 9,310 2,134 2,572 2,445 5.048 932 9.161 337 10.274 2.OLK) 17.874 24,793 12,OWI 9,310 4,670 83.324 87.416 SupportcostS Finan(e Bank tharges 740 OtheT Bank Snterest 9.969 8,824 Governancecasts Accountancyand legal fees 750 LLNJD Total resources expended 94.890 97,980 Net expendlture 125,1991 121,6031 Thi5 page dops ntrtform partof the ststutoryfinanclal statements Page 9