## Trustees’ annual report for the period Period start date 1/ 2/ 2 0 2 3 Period end date 31/ 1/ 2 0 2 4 ~~[TELL [TELL~~ Charity name. Snitterfield Sports Club Ltd Charity No 1 1 1 4 9 5 4 ~~CT~~ (if any) ~~[TTT TLE~~ ## Objectives and Activities ||SORP
reference|| |---|---|---| |Summary of the purposes of the
charity as set out in its governing
document|Para1.17
_The promotion of community participation in healthy recreation_
_by the provision of facilities for playing, tennis, bowls, football_
_and other sports as appropriate_|_The promotion of community participation in healthy recreation_
_by the provision of facilities for playing, tennis, bowls, football_
_and other sports as appropriate_| |Summary of the main activities
in relation to those purposes for
the public benefit, in particular,
the activities, projects or services
identified in the accounts.|Para 1.17 and
1.19
**The club offers a safe environment for**
**individuals to play their chosen sport,**
**socially and competitively.**|**The club offers a safe environment for**
**individuals to play their chosen sport,**
**socially and competitively.**| |Statement confirming whether the
trustees have had regard to the
guidance issued by the Charity
Commission onpublic benefit|Para1.18
**The Trustees are aware of their obligations**
**as issued by the Charity Commission**|**The Trustees are aware of their obligations**
**as issued by the Charity Commission**| ## Additional information (optional) You may choose to include further statements where relevant about: ||SORP| |---|---| ||reference| |Policy on grant making|Para1.38| |Policy on social investment including|Para1.38| |program related investment|| |Contribution made by volunteers|Para1.38| |Other|| October 2016 Charity Accounts templates – Trustees’ annual report for the period 2 of 8 ## Achievements and Performance ||SORP
reference|| |---|---|---| |Summary of the main achievements
of the charity, identifying the
difference thecharity’swork has
made to the circumstances of its
beneficiaries and any wider benefits
to society as a whole.|Para1.20|**The club provides an environment enabling**| |||
**individuals, both from the village of**| |||
**Snitterfield and surrounding villages and**| |||
**towns, to participate in their chosen**| |||**sport(s). Emphasis is placed on**| |||
**participation along with coaching,**| |||
**specifically with regard to juniors.**| |||**All sporting sections operate within**| |||
**financial rules; all had increased**| |||**membership during the year to 31/1/24 and**| |||
**all operated within local competitive**| |||**leagues. All sporting sections provided**| |||
**social opportunities and all operate without**| |||**discrimination or favour**| |||The club is undertaking a development of a new| |||
clubhouse, providing new and vastly improved| |||
facilities for members and non-members alike.| |||The club is also looking to add new sporting| |||activities, namely Padel and Petanque.| |||The club is a focal point both for the village of| |||
Snitterfield and surrounding communities.| |||| ## Additional information (optional) You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Achievements against objectives set|Para1.41|| |Performance of fundraising activities
against objectives set|Para1.41|| |Investment performance against
objectives|Para1.41|| |Other||| October 2016 Charity Accounts templates – Trustees’ annual report for the period 3 of 8 ## Financial Review ||SORP
reference|| |---|---|---| |Review of the charity’s financial
position at the end of the period|Para1.21|**The club has no borrowings and held cash**| |||
**reserves as at 31/1/24 enabling obligations**| |||
**with regard to maintenance and running**| |||
**costs to be met.**| |||| |Statement explaining the policy for
holding reserves stating why they
are held|Para1.22|**Reserves are held to accommodate**| |||**working and capital expenditure to enable**| |||
**the club to offer continued quality facilites.**| |||
**Reserves are held, and continue to be held**| |||**to manange the clubs development**| |||
**programme, both in terms of a new**| |||
**clubhouse (to be opened in the year to**| |||
**31/1/2025) and the addition of a new**| |||
**sporting facility, namely Padel.**| |||| |Amount of reserves held|Para1.22|**Cash balances held totalled £77155 as at**
**31/1/2024**| |Reasons for holding zero reserves|Para1.22|n/a| |Details of fund materially in deficit|Para1.24|n/a| |Explanation of any uncertainties
about the charity continuing as a
goingconcern|Para1.23|n/a| ## Additional information (optional) You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Thecharity’sprincipal sources of
funds (including any fundraising)|Para1.47|| |Investment policy and objectives
including any social investment
policy adopted|Para1.46|| |A description of the principal risks
facing the charity|Para1.46|| |Other||| October 2016 Charity Accounts templates – Trustees’ annual report for the period 4 of 8 ## Structure, Governance and Management |Description ofcharity’strusts:|SORP
reference|| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para1.25|Memorandum & Articles of Association, Formally
adopted (by Members) constitution and Finance
rules.| |How is the charity constituted?
(e.g unincorporated association, CIO)|Para1.25|Company Limited by Guarantee| |Trustee selection methods including
details of any constitutional
provisions e.g. election to post
or name of any person or body
entitled to appoint one or more
trustees|Para1.25|Volunteers; then elected by Membership at AGM| ## Additional information (optional) You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policies and procedures adopted for
the induction and training of trustees|Para1.51|| |Thecharity’sorganisational structure
and any wider network with which
the charityworks|Para1.51|| |Relationship with any related parties|Para1.51|| |Other||| October 2016 Charity Accounts templates – Trustees’ annual report for the period 5 of 8 ## Reference and Administrative details Charity name Snitterfield Sports Club Other name the charity uses Registered charity number 1114954 Charity’s principal address Wolverton Rd, Snitterfield, Stratford-upon-Avon, Warwickshire. CV37 0JH ## Names of the charity trustees who manage the charity |1
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20|Trusteename|Office (if any)|Dates acted if not for
whole year|Name of person (or
body) entitled to appoint
trustee (if any)| |---|---|---|---|---| ||Julian Michael Straker|Treasurer||| ||Emma Anderson|Chair||| ||Mark Donald|Trustee||| ||Louise Walter|Trustee||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| October 2016 Charity Accounts templates – Trustees’ annual report for the period 6 of 8 (cont) ## Reference and Administrative details ## – Corporate trustees names of the directors at the date the report was approved Director name ## Name of trustees holding title to property belonging to the charity |Trustee name|Dates acted if not for whole
year|| |---|---|---| |||| |||| |||| |||| |||| |||| October 2016 Charity Accounts templates – Trustees’ annual report for the period 7 of 8 ## Funds held as custodian trustees on behalf of others Description of the assets held in this n/a capacity Name and objects of the charity n/a on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe n/a custody and segregation of such assets from the charity’s own assets ## Additional information (optional) Names and addresses of advisers (Optional information) Type of adviser Name Address ## Name of chief executive or names of senior staff members (Optional information) ## Exemptions from disclosure Reason for non-disclosure of key personnel details ## Other optional information October 2016 Charity Accounts templates – Trustees’ annual report for the period 8 of 8 ## Declarations ## The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Julian Michael Straker Treasurer 23/10/2024 October 2016 Charity Accounts templates – Trustees’ annual report for the period **Company Registration No. 04347235 (England and Wales)** ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JANUARY 2024** ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Company information|1| |Directors' report|2| |Accountants' report|3| |Income and expenditure account|4| |Balance sheet|5| |Notes to the financial statements|6 - 8| |Detailed trading and profit and loss account|9| ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **COMPANY INFORMATION** **Directors** Ms Emma Anderson Mr Julian Straker **Secretary** Mr Julian Straker **Company number** 04347235 **Registered office** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB **Accountants** Grineaux Accountants Limited 20 Market Hill Southam Warwickshire CV47 0HF **Business address** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB - 1 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **DIRECTORS' REPORT** ## _**FOR THE YEAR ENDED 31 JANUARY 2024**_ The directors present their annual report and financial statements for the year ended 31 January 2024. ## **Principal activities** The principal activity of the company continued to be that of a non-profit local sports club. ## **Directors** The directors who held office during the year and up to the date of signature of the financial statements were as follows: ## Ms Emma Anderson Mr Julian Straker ## **Small companies exemption** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. By order of the board ## **Mr Julian Straker Secretary** 30 September 2024 - 2 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SNITTERFIELD SPORTS CLUB LIMITED** These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2024. We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements. On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”. You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance. ## **Grineaux Accountants Limited** 20 Market Hill Southam Warwickshire CV47 0HF 30 September 2024 - 3 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 JANUARY 2024**_ ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |**Income**|43,187|33,467| |Cost of sales|(20,764)|(17,049)| |**Gross surplus**|22,423|16,418| |Administrative expenses|(24,930)|(28,563)| |Other operating income|-|2,667| |**Operating deficit**|(2,507)|(9,478)| |Interest receivable and similar income|756|78| |**Deficit before taxation**|(1,751)|(9,400)| |Tax on deficit|-|-| |**Deficit for the financial year**|(1,751)|(9,400)| - 4 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 JANUARY 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**2**
Investments
**3**
**Current assets**
Stocks
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**5**
**Net current assets**
**Net assets**
**Reserves**
Income and expenditure account
**Members' funds**|**£**
128
3,630
77,155
80,913
(1,390)|**2024**
**£**
189,725
1
189,726
79,523
269,249
269,249
269,249|**£**
724
4,619
91,048
96,391
(1,591)|**2023**
**£**
176,199
1| |---|---|---|---|---| |||||176,200
94,800| |||||271,000| |||||271,000| |||||271,000| For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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. 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. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the board of directors and authorised for issue on 30 September 2024 and are signed on its behalf by: ## **Ms Emma Anderson Director** ## **Company Registration No. 04347235** - 5 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ ## **1 Accounting policies** ## **Company information** Snitterfield Sports Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Snitterfield Sports Club, Wolverton Road, Snitterfield, Stratford Upon Avon, Warwckshire, CV37 0HB. ## **1.1 Accounting convention** These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Income and expenditure** Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it. ## **1.3 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings varying rates on cost Plant and equipment 20%/ 30% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit. ## **1.4 Fixed asset investments** Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.5 Impairment of fixed assets** At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. - 6 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. ## **1.7 Cash and cash equivalents** Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.8 Financial instruments** The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company 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. ## **1.9 Taxation** The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. ## **1.10 Government grants** Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. - 7 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ |**2**
**Tangible fixed assets**
**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 February 2023
268,784
1,879
Additions
21,728
-
Disposals
(8,100)
-
At 31 January 2024
282,412
1,879
**Depreciation and impairment**
At 1 February 2023
92,794
1,670
Depreciation charged in the year
6,595
60
Eliminated in respect of disposals
(6,553)
-
At 31 January 2024
92,836
1,730
**Carrying amount**
At 31 January 2024
189,576
149
At 31 January 2023
175,990
209
**3**
**Fixed asset investments**
**2024**
**£**
Shares in group undertakings and participating interests
1
**4**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Other debtors
3,630
**5**
**Creditors: amounts falling due within one year**
**2024**
**£**
Other creditors
1,390|**Total**
**£**
270,663
21,728
(8,100)
284,291
94,464
6,655
(6,553)
94,566
189,725
176,199
**2023**
**£**
1
**2023**
**£**
4,619
**2023**
**£**
1,591| |---|---| ## **6 Members' liability** The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. - 8 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **DETAILED TRADING AND INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ |**Income**
Subscriptions
Sponsorship and donations
Activities and fund raising
**Cost of sales**
Activities and fund direct costs
**Total cost of sales**
**Gross surplus**
**Other operating income**
Government grants receivable
**Administrative expenses**
Rates
Power, light and heat
Repairs and maintenance
Travelling expenses
Professional subscriptions
Legal and professional fees
Accountancy
Donations
Credit card charges
Insurance
Post and stationery
Advertising
Sundry expenses
Depreciation
Profit or loss on sale of tangible assets
**Operating deficit**
**Interest receivable and similar income**
Bank interest received
**Deficit before taxation**|**2024**
**£**
**£**
18,771
5,764
18,652
43,187
20,764
(20,764)
22,423
-
2,899
170
1,233
100
810
7,935
630
-
44
2,029
651
-
227
6,655
1,547
(24,930)
(2,507)
756
756
(1,751)|**2023**
**£**
**£**
15,528
2,878
15,061
33,467
17,049
(17,049)
16,418
2,667
2,064
911
7,244
-
338
5,815
600
1,691
83
2,045
294
444
174
6,860
-
(28,563)
(9,478)
78
78
(9,400)| |---|---|---| - 9 - **Company Registration No. 04347235 (England and Wales)** ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JANUARY 2024** ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Company information|1| |Directors' report|2| |Accountants' report|3| |Income and expenditure account|4| |Balance sheet|5| |Notes to the financial statements|6 - 8| |Detailed trading and profit and loss account|9| ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **COMPANY INFORMATION** **Directors** Ms Emma Anderson Mr Julian Straker **Secretary** Mr Julian Straker **Company number** 04347235 **Registered office** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB **Accountants** Grineaux Accountants Limited 20 Market Hill Southam Warwickshire CV47 0HF **Business address** Snitterfield Sports Club Wolverton Road Snitterfield Stratford Upon Avon Warwckshire CV37 0HB - 1 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **DIRECTORS' REPORT** ## _**FOR THE YEAR ENDED 31 JANUARY 2024**_ The directors present their annual report and financial statements for the year ended 31 January 2024. ## **Principal activities** The principal activity of the company continued to be that of a non-profit local sports club. ## **Directors** The directors who held office during the year and up to the date of signature of the financial statements were as follows: ## Ms Emma Anderson Mr Julian Straker ## **Small companies exemption** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. By order of the board ## **Mr Julian Straker Secretary** 30 September 2024 - 2 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SNITTERFIELD SPORTS CLUB LIMITED** These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2024. We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements. On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”. You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance. ## **Grineaux Accountants Limited** 20 Market Hill Southam Warwickshire CV47 0HF 30 September 2024 - 3 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 JANUARY 2024**_ ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |**Income**|43,187|33,467| |Cost of sales|(20,764)|(17,049)| |**Gross surplus**|22,423|16,418| |Administrative expenses|(24,930)|(28,563)| |Other operating income|-|2,667| |**Operating deficit**|(2,507)|(9,478)| |Interest receivable and similar income|756|78| |**Deficit before taxation**|(1,751)|(9,400)| |Tax on deficit|-|-| |**Deficit for the financial year**|(1,751)|(9,400)| - 4 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 JANUARY 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**2**
Investments
**3**
**Current assets**
Stocks
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**5**
**Net current assets**
**Net assets**
**Reserves**
Income and expenditure account
**Members' funds**|**£**
128
3,630
77,155
80,913
(1,390)|**2024**
**£**
189,725
1
189,726
79,523
269,249
269,249
269,249|**£**
724
4,619
91,048
96,391
(1,591)|**2023**
**£**
176,199
1| |---|---|---|---|---| |||||176,200
94,800| |||||271,000| |||||271,000| |||||271,000| For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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. 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. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the board of directors and authorised for issue on 30 September 2024 and are signed on its behalf by: ## **Ms Emma Anderson Director** ## **Company Registration No. 04347235** - 5 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ ## **1 Accounting policies** ## **Company information** Snitterfield Sports Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Snitterfield Sports Club, Wolverton Road, Snitterfield, Stratford Upon Avon, Warwckshire, CV37 0HB. ## **1.1 Accounting convention** These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Income and expenditure** Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it. ## **1.3 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings varying rates on cost Plant and equipment 20%/ 30% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit. ## **1.4 Fixed asset investments** Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.5 Impairment of fixed assets** At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. - 6 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. ## **1.7 Cash and cash equivalents** Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.8 Financial instruments** The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company 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. ## **1.9 Taxation** The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. ## **1.10 Government grants** Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. - 7 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ |**2**
**Tangible fixed assets**
**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 February 2023
268,784
1,879
Additions
21,728
-
Disposals
(8,100)
-
At 31 January 2024
282,412
1,879
**Depreciation and impairment**
At 1 February 2023
92,794
1,670
Depreciation charged in the year
6,595
60
Eliminated in respect of disposals
(6,553)
-
At 31 January 2024
92,836
1,730
**Carrying amount**
At 31 January 2024
189,576
149
At 31 January 2023
175,990
209
**3**
**Fixed asset investments**
**2024**
**£**
Shares in group undertakings and participating interests
1
**4**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Other debtors
3,630
**5**
**Creditors: amounts falling due within one year**
**2024**
**£**
Other creditors
1,390|**Total**
**£**
270,663
21,728
(8,100)
284,291
94,464
6,655
(6,553)
94,566
189,725
176,199
**2023**
**£**
1
**2023**
**£**
4,619
**2023**
**£**
1,591| |---|---| ## **6 Members' liability** The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. - 8 - ## **SNITTERFIELD SPORTS CLUB LIMITED** ## **DETAILED TRADING AND INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JANUARY 2024**_ |**Income**
Subscriptions
Sponsorship and donations
Activities and fund raising
**Cost of sales**
Activities and fund direct costs
**Total cost of sales**
**Gross surplus**
**Other operating income**
Government grants receivable
**Administrative expenses**
Rates
Power, light and heat
Repairs and maintenance
Travelling expenses
Professional subscriptions
Legal and professional fees
Accountancy
Donations
Credit card charges
Insurance
Post and stationery
Advertising
Sundry expenses
Depreciation
Profit or loss on sale of tangible assets
**Operating deficit**
**Interest receivable and similar income**
Bank interest received
**Deficit before taxation**|**2024**
**£**
**£**
18,771
5,764
18,652
43,187
20,764
(20,764)
22,423
-
2,899
170
1,233
100
810
7,935
630
-
44
2,029
651
-
227
6,655
1,547
(24,930)
(2,507)
756
756
(1,751)|**2023**
**£**
**£**
15,528
2,878
15,061
33,467
17,049
(17,049)
16,418
2,667
2,064
911
7,244
-
338
5,815
600
1,691
83
2,045
294
444
174
6,860
-
(28,563)
(9,478)
78
78
(9,400)| |---|---|---| - 9 -