```
REGISTERED COMPANY NUMBER: 05559415 (England and Wales)
REGISTERED CHARITY NUMBER: 1115175
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
```
## **`FOR`**
## **`WARSOP SPORTING TRUST`**
```
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
```
```
WARSOP SPORTING TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2020`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**|`6`|`to`|`7`|
|**`Notes to the Financial Statements`**|`8`|`to`|`14`|
|**`Detailed Statement of Financial Activities`**|`15`|`to`|`16`|
```
WARSOP SPORTING TRUST
```
## **`REPORT OF THE TRUSTEES`**
## **`for the year ended 30 September 2020`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended30September2020.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objectives of the charity are as follows:
```
```
TopromoteforthebenefitoftheinhabitantsofWarsopandthesurroundingareatheprovisionoffacilitiesforrecreation and
sportforindividualswhohaveneedofsuchfacilitiesbyreasonsoftheiryouth,age,infirmityordisablement, financial
hardshiporsocialandeconomiccircumstancesorforthepublicatlargeintheinterestsofsocialwelfareandwiththe object
ofimprovingtheconditionoflifeofthesaidinhabitants.Theadvancementofphysicaleducationforyoungpeople not
undergoing formal education and those who are elderly and/or disabled.
```
## **`Public benefit`**
```
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the charity's aims and objectives for the year.
```
## **`Activities for achieving objectives`**
```
Infurtheranceofthecharitableobjectives,WarsopSportingLimitedwasincorporatedon28September2006asa wholly
owned subsidiary of the trust. Its principal activity is the provision of a bar and function facilities.
```
## **`Volunteers`**
```
The company and the group is grateful for the unstinting efforts of its volunteers who are involved in service provision.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
ThecharityhascontinuedtoprovidefacilitiesforsportsandrecreationforthebenefitoftheinhabitantsofWarsopand the
surrounding area.
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Thecharityneedsreservestoenableittomeettheongoingcommitmentsofitsgeneralcharitableactivitiesandtomeet its
future operating requirements.
```
```
Theusuallevelofreservesisjudgedtobeappropriatefortheneedsofthecharity.However,givenpresentsituation where
thecharityhasbeen unableto hold eventsto providean incomesource,theyhavereliedupon donationsand roomhireas an
incomestreamformostoftheyear.SportsEnglandhavesupportedthecharitywitha£10,000grantandprofitsfrom the
tradingsubsidiaryof£16,596madebeforethelockdownrestrictions,haveenabledthecharitycoststobemet.The trustees
willreviewthispositionandpolicyon anannualbasis.Theresultsofthecharityandthesubsidiarycompanyaregivenin the
notes to the financial statements.
```
## **`Going concern`**
```
Aftermakingappropriateenquiries,thetrusteeshaveareasonableexpectationthatthecompanyhasadequateresources to
continueinoperationalexistencefortheforeseeablefuture.DuetotheCoronavirusPandemicthetradingofthe subsidiary
companyhadtostopasthedoorsofthefacilityhadtoclosealongsideallthesportingfacilitiesinthecountry.Within the
tradingsubsidiary,theJobRetentionSchemegrantwasutilisedtoensurethecontinuedemploymentofitsstaffandin June
2020theoutdoorspaceswerereopenedbuthaveonceagainclosedinaccordancewithGovernmentguidelines.As stated
aboveSportsEnglandhavesupportedtheCharitywitha£10,000grantandMrJohnFretwellhasconfirmedhis continued
fundingandsupportandforthisreasontheycontinuetoadoptthegoingconcernbasisinpreparingthe financial
statements.Furtherdetailsregardingtheadoptionofthegoingconcernbasiscanbefoundinnote15ofthe financial
statements.
```
## **`FUTURE PLANS`**
```
ThecharitywillcontinuetoprovidefacilitiesforsportsandrecreationforthebenefitoftheinhabitantsofWarsopand the
surrounding area.
```
```
WarsopSportingLimited,asubsidiaryofthetrust,willcontinuewiththeprovisionofabarandfunctionbookings.Allof this
will be in line with the government guidelines surrounding the coronavirus pandemic.
```
```
Page 1
```
```
WARSOP SPORTING TRUST
```
## **`REPORT OF THE TRUSTEES`**
## **`for the year ended 30 September 2020`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limitedby guarantee,
as defined by the Companies Act 2006.
```
## **`Charity constitution`**
```
Thecompanyandthegroupisregisteredasacharitablecompanylimitedbyguaranteeandwassetupbyamemorandum of
association on 9 September 2005, as amended by resolution in 15 June 2006 .
```
```
Thecompanyandthegroupisconstitutedunderamemorandumofassociationdated9September2005,asamended by
resolution in 15 June 2006 and is a registered charity number 1115175.
```
## **`Recruitment and appointment of new trustees`**
```
Themanagementofthecompanyandthegroupistheresponsibilityofthetrusteeswhoareelectedandcooptedunder the
termsofthearticlesofassociation.Thefollowingtrusteesretirebyrotationandbeingeligibleofferthemselvesfor re-election
at the annual general meeting:
```
```
C C French
J C Fretwell
```
## **`Organisational structure`**
```
Assetoutinthearticlesofassociationthechairofthetrusteesisnominatedby WarsopSportingTrust.The minimum number
oftrusteesissetatsixwiththemaximumsetateleven.Onehalfofthetrusteesretireinrotationateachannual general
meeting and can be re-elected. There is no limit to the length of service of any trustee.
```
## **`Decision making`**
```
Thetrusteesalsoretainresponsibilityfortheprovisionoftheservices,daytodayoperationalmanagementofthe office,
supervisionof the staffteamand alsoensuringthatthe teamcontinueto developtheirskillsand workingpracticesin line with
good practice.
```
## **`Induction and training of new trustees`**
```
Whenconsideringtheappointmentofnewtrusteestheboardwilltakeintoaccountthespecialistskillsrequiredbythe trust.
Additionally, new trustees are given a short induction session by existing members of the management committee.
```
## **`Related parties`**
```
J C Fretwell,a trustee,isalsoa directorof WarsopSportingLimited,a subsidiaryof thetrust,whoseprincipalactivitiesare the
provision of a bar and function bookings.
```
## **`Risk management`**
```
The trusteeshavea dutyto identifyand reviewtherisksto whichthecharityisexposedand to ensureappropriatecontrols are
in place to provide reasonable assurance against fraud and error.
```
```
Thetrusteeshaveconductedareviewofthemajorriskstowhichthecharityisexposed.Whereappropriate,systems or
proceduresarebeingestablishedtomitigatetherisksthecharityfaces.Internalcontrolrisksarebeingminimisedby the
implementationofproceduresforauthorisationofalltransactionsandprojects.Proceduresareinplacetoensure compliance
withhealthandsafetyofstaff,volunteers,clientsandvisitorstothecentre.Theseproceduresareperiodicallyreviewed to
ensure that they continue to meet the needs of the charity.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
05559415 (England and Wales)
```
```
Registered Charity number
1115175
```
## **`Registered office`**
```
The John Fretwell Sports Complex
Sookholme Road
Sookholme
Mansfield
Nottinghamshire
NG19 8LL
```
```
Page 2
```
```
WARSOP SPORTING TRUST
```
## **`REPORT OF THE TRUSTEES for the year ended 30 September 2020`**
## **`Trustees`**
```
J Carter Director
C C French Cricket Bat Manufacturer
J C Fretwell Retired
A C Fretwell Director
J T Card Accountant
J R Atherton Motor Trader
```
## **`Independent Examiner`**
```
O Jenkins
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
........................................................................
J C Fretwell - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARSOP SPORTING TRUST`**
## **`Independent examiner's report to the trustees of Warsop Sporting Trust ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthatthe accountsof the Companyarenot requiredto be auditedunderPart16 of the 2006 Actand are
eligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedout under
section145 of the CharitiesAct2011 ('the2011 Act').In carryingout my examinationI havefollowedthe Directionsgiven by
the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or`
`3. 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`
`4. 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
O Jenkins
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Date: .............................................
```
```
Page 4
```
```
WARSOP SPORTING TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Fundraising activities`
`2`
`Investment income`
`3`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
**`19,145`**
**`10,000`**
**`-`**
**`16,596`**
**`-`**
**`45,741`**
**`-`**
**`97,576`**
**`97,576`**
**`(51,835)`**
**`1,322,792`**
**`1,270,957`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`3,627`**
**`3,627`**
**`(3,627)`**
**`27,460`**
**`23,833`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
**`19,145`**
**`10,000`**
**`-`**
**`16,596`**
**`-`**
**`45,741`**
**`-`**
**`101,203`**
**`101,203`**
**`(55,462)`**
**`1,350,252`**
**`1,294,790`**|`2019`
`Total`
`funds`
`£`
`30,409`
`31,087`
`39,294`
`22,334`
`995`|
|---|---|---|---|---|
|||||`124,119`
`22,414`
`124,127`|
|||||`146,541`|
|||||`(22,422)`
`1,372,674`|
|||||`1,350,252`|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`WARSOP SPORTING TRUST`**
## **`BALANCE SHEET`**
## **`30 September 2020`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`11`
**`NET ASSETS`**
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
**`1,540,379`**
**`1`**
**`1,540,380`**
**`150`**
**`262`**
**`412`**
**`(10,798)`**
**`(10,386)`**
**`1,529,994`**
**`(259,037)`**
**`1,270,957`**|`Restricted`
`fund`
`£`
**`23,833`**
**`-`**
**`23,833`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`23,833`**
**`-`**
**`23,833`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
**`1,564,212`**
**`1`**
**`1,564,213`**
**`150`**
**`262`**
**`412`**
**`(10,798)`**
**`(10,386)`**
**`1,553,827`**
**`(259,037)`**
**`1,294,790`**
**`1,270,957`**
**`23,833`**
**`1,294,790`**|`2019`
`Total`
`funds`
`£`
`1,619,970`
`1`|
|---|---|---|---|---|
|||||`1,619,971`
`1,314`
`1,320`|
|||||`2,634`
`(29,603)`|
|||||`(26,969)`|
|||||`1,593,002`
`(242,750)`|
|||||`1,350,252`|
|||||`1,322,792`
`27,460`|
|||||`1,350,252`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 September 2020.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 September 2020 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
```
(b)preparingfinancialstatementswhichgivea trueand fairviewof thestateof affairsof thecharitablecompanyasat the
endofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirements of
Sections394and395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relating to
financial statements, so far as applicable to the charitable company.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 6
```
```
WARSOP SPORTING TRUST
```
## **`BALANCE SHEET - continued 30 September 2020`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompanies subject
to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon .............................................
and were signed on its behalf by:
```
```
.............................................
```
```
J C Fretwell - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2020`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCompanies Act
2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
```
## **`Preparation of consolidated financial statements`**
```
ThefinancialstatementscontaininformationaboutWarsopSportingTrustasanindividualcompanyanddo not
containconsolidatedfinancialinformationastheparentofagroup.ThecharityisexemptunderSection399(2A) of
the Companies Act 2006 from the requirements to prepare consolidated financial statements.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisa legalor constructiveobligationcommittingthecharity to
thatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamount of
theobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearend datearenotedasa commitmentbut not
accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
|`Short leasehold`|`-`|`Over the term of the lease and Straight line over 50 years`|
|---|---|---|
|`Plant and machinery`|`-`|`20% straight line`|
|`Fixtures and fittings`|`-`|`10 - 33.3% Straight line`|
|`Sports equipment`|`-`|`10% on cost`|
|`Office equipment`|`-`|`33.3% straight line`|
## **`Related party exemption`**
```
Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland',nottodiscloserelatedparty transactions
with wholly owned subsidiaries within the group.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
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.
```
```
continued...
```
```
Page 8
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`2. FUNDRAISING ACTIVITIES`**
|`Clay pigeon shoot`
`Cricket events`
**`INVESTMENT INCOME`**
`Gift aid income`|**`2020`**
**`£`**
**`-`**
**`-`**
**`-`**
**`2020`**
**`£`**
**`16,596`**|`2019`
`£`
`3,500`
`35,794`|
|---|---|---|
|||`39,294`|
|||`2019`
`£`
`22,334`|
## **`3. INVESTMENT INCOME`**
## **`4. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`2020`**|`2019`|
|---|---|---|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`55,758`**|`56,801`|
|`Surplus on disposal of fixed assets`|**`-`**|`(995)`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Fundraising activities`
`Investment income`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**|`Unrestricted`
`fund`
`£`
`30,409`
`-`
`39,294`
`22,334`
`995`
`93,032`
`22,414`
`120,500`
`142,914`|`Restricted`
`fund`
`£`
`-`
`31,087`
`-`
`-`
`-`
`31,087`
`-`
`3,627`
`3,627`|`Total`
`funds`
`£`
`30,409`
`31,087`
`39,294`
`22,334`
`995`|
|---|---|---|---|
||||`124,119`
`22,414`
`124,127`|
||||`146,541`|
```
continued...
```
```
Page 9
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the year ended 30 September 2020`**
|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`|**`- continued`**
`Unrestricted`
`fund`
`£`
`(49,882)`
`1,372,674`
`1,322,792`
`Short`
`leasehold`
`£`
**`2,089,555`**
**`-`**
**`2,089,555`**
**`534,797`**
**`41,792`**
**`-`**
**`576,589`**
**`1,512,966`**
`1,554,758`
`Sports`
`equipment`
`£`
**`72,782`**
**`-`**
**`72,782`**
**`38,005`**
**`4,792`**
**`-`**
**`42,797`**
**`29,985`**
`34,777`||`Restricted`
`fund`
`£`
`27,460`
`-`
`27,460`
`Plant and`
`machinery`
`£`
**`90,172`**
**`(24,920)`**
**`65,252`**
**`80,313`**
**`2,877`**
**`(24,920)`**
**`58,270`**
**`6,982`**
`9,859`
`Office`
`equipment`
`£`
**`6,641`**
**`-`**
**`6,641`**
**`6,641`**
**`-`**
**`-`**
**`6,641`**
**`-`**
`-`||`Total`
`funds`
`£`
`(22,422)`
`1,372,674`|
|---|---|---|---|---|---|---|
|||||||`1,350,252`|
|||||||`Fixtures`
`and`
`fittings`
`£`
**`244,384`**
**`-`**
**`244,384`**
**`223,808`**
**`6,297`**
**`-`**
**`230,105`**
**`14,279`**
`20,576`
`Totals`
`£`
**`2,503,534`**
**`(24,920)`**
**`2,478,614`**
**`883,564`**
**`55,758`**
**`(24,920)`**
**`914,402`**
**`1,564,212`**
`1,619,970`|
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
```
continued...
```
```
Page 10
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`8. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 October 2019 and 30 September 2020`|**`1`**|
|**`NET BOOK VALUE`**||
|`At 30 September 2020`|**`1`**|
|`At 30 September 2019`|`1`|
```
There were no investment assets outside the UK.
```
```
The company's investments at the balance sheet date in the share capital of companies include the following:
```
## **`Warsop Sporting Ltd`**
```
Registered office: In England
```
```
Nature of business: Provision of a bar and function bookings
```
## **`9.`**
## **`10.`**
|`%`
`Class of share:`
`holding`
`ordinary`
**`100`**
`Aggregate capital and reserves`
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`VAT`
`Accruals and deferred income`||
|---|---|
```
continued...
```
```
Page 11
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
|`Other loans (see note 12)`
`Amounts owed to group undertakings`
**`12.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due in more than five years:`
`Repayable otherwise than by instalments:`
`Other loans`
**`13.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**|`At`
`1.10.19`
`£`
**`1,322,792`**
**`27,460`**
**`1,350,252`**
`Incoming`
`resources`
`£`
**`45,741`**
**`-`**
**`45,741`**|**`2020`**
**`£`**
**`216,000`**
**`43,037`**
**`259,037`**
**`2020`**
**`£`**
**`216,000`**
`Net`
`movement`
`in funds`
`£`
**`(51,835)`**
**`(3,627)`**
**`(55,462)`**
`Resources`
`expended`
`£`
**`(97,576)`**
**`(3,627)`**
**`(101,203)`**|`2019`
`£`
`216,000`
`26,750`
`242,750`
`2019`
`£`
`216,000`
`At`
`30.9.20`
`£`
**`1,270,957`**
**`23,833`**
**`1,294,790`**
`Movement`
`in funds`
`£`
**`(51,835)`**
**`(3,627)`**
**`(55,462)`**|
|---|---|---|---|
|||||
```
continued...
```
```
Page 12
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Comparatives for movement in funds
```
|`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`1,372,674`
**`Restricted funds`**
`English Cricket Board`
`-`
**`TOTAL FUNDS`**
`1,372,674`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`93,032`
**`Restricted funds`**
`English Cricket Board`
`31,087`
**`TOTAL FUNDS`**
`124,119`
`A current year 12 months and prior year 12 months combined position is as follows:`
`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`1,372,674`
**`Restricted funds`**
`English Cricket Board`
`-`
**`TOTAL FUNDS`**
`1,372,674`|`Net`
`movement`
`in funds`
`£`
`(49,882)`
`27,460`
`(22,422)`
`Resources`
`expended`
`£`
`(142,914)`
`(3,627)`
`(146,541)`
`Net`
`movement`
`in funds`
`£`
`(101,717)`
`23,833`
`(77,884)`|`At`
`30.9.19`
`£`
`1,322,792`
`27,460`
`1,350,252`
`Movement`
`in funds`
`£`
`(49,882)`
`27,460`
`(22,422)`
`At`
`30.9.20`
`£`
`1,270,957`
`23,833`
`1,294,790`|
|---|---|---|
```
continued...
```
```
Page 13
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the year ended 30 September 2020`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**
**`RELATED PARTY DISCLOSURES`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|
|---|---|---|---|
|||**`2020`**|`2019`|
|||**`£`**|`£`|
|`Loan from J C Fretwell, a trustee, for construction costs`|**`1,350,000`**
`1,350,000`|||
|`Owing to J C Fretwell at the year end`|**`216,000`**
`216,000`|||
|`Grants to Welbeck Colliery Cricket Club`|**`7,800`**
`5,558`|||
|||||
## **`14. RELATED PARTY DISCLOSURES`**
```
DuringtheyearthecharitypaidgrantstoWelbeckCollieryCricketClub,whereoneofthecharity'strustees,J C
Fretwell, is the club's president.
```
```
There are no further related party transactions to disclose.
```
## **`15. GOING CONCERN`**
```
Thecompanyisdependentonthesupportofatrusteeandthesubsidiarycompany,WarsopSportingLimited. The
trusteehasindicatedthatheintendstoprovidesufficientfinancialsupporttoenablethecompanytocontinue its
operationsuntilatleastMay2025.The subsidiarycompanyisexpectedto continueto generatepositivecashflows on
its own account, once they are allowed to reopen and for the foreseeable future.
```
```
The trustees,havingassessedtheresponsesofboththesupportingtrusteeandthedirectorofWarsopSporting Limited
to theirenquiries,haveno reasonto believethata materialuncertaintyexiststhatmaycastsignificantdoubtabout the
ability of the group to continue as a going concern.
```
```
Onthebasisoftheirassessmentofthecompany'sfinancialpositionandoftheenquiriesmadeofthe supporting
trusteeandthedirectorofWarsopSportingLimited,thecompany'strusteeshaveareasonableexpectationthat the
companywillbeabletocontinueinoperationalexistencefortheforeseeablefuture,thisisaftertakinginto account
theaffectofthepandemiclockdownandbeingunabletofullyreopenuntilmid2021.Thustheycontinuetoadopt the
going concern basis of accounting in preparing the financial statements.
```
```
Page 14
```
```
WARSOP SPORTING TRUST
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Sponsorship`
`Rental of sports pitches`
`Other income`
**`Fundraising activities`**
`Clay pigeon shoot`
`Cricket events`
**`Investment income`**
`Gift aid income`
**`Charitable activities`**
`Grants`
**`Other income`**
`Gain on sale of tangible fixed assets`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Clay pigeon shoot`
`Cricket events`
**`Charitable activities`**
`Grants to institutions`
**`Support costs`**
**`Management`**
`Coaching expenses`
`Insurance`
`Light and heat`
`Telephone, stationery and postage`
`Repairs and renewals`
`Ground maintenance`
`Sundries`
`Depreciation short leasehold`
`Depreciation plant & machinery`
`Depreciation fixtures & fittings`
`Depreciation sports equipment`|`2020`
`£`
**`10,481`**
**`4,373`**
**`4,288`**
**`3`**
**`19,145`**
**`-`**
**`-`**
**`-`**
**`16,596`**
**`10,000`**
**`-`**
**`45,741`**
**`-`**
**`-`**
**`-`**
**`7,800`**
**`5,543`**
**`4,902`**
**`15,137`**
**`899`**
**`3,229`**
**`5,140`**
**`544`**
**`41,792`**
**`2,878`**
**`6,297`**
**`4,792`**
**`91,153`**|`2019`
`£`
`10,766`
`12,167`
`6,387`
`1,089`|
|---|---|---|
|||`30,409`
`3,500`
`35,794`|
|||`39,294`
`22,334`
`31,087`
`995`|
|||`124,119`
`735`
`21,679`|
|||`22,414`
`5,558`
`14,347`
`5,201`
`27,442`
`974`
`5,460`
`4,702`
`1,392`
`41,792`
`2,963`
`7,254`
`4,792`|
|||`116,319`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```
```
WARSOP SPORTING TRUST
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
```
for the year ended 30 September 2020
```
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|**`Management`**|||
|**`Governance costs`**|||
|`Accountancy fees`|**`2,250`**|`2,250`|
|`Total resources expended`|**`101,203`**|`146,541`|
|**`Net expenditure`**|**`(55,462)`**|`(22,422)`|
```
This page does not form part of the statutory financial statements
```
```
Page 16
```
```
REGISTERED COMPANY NUMBER: 05559415 (England and Wales)
REGISTERED CHARITY NUMBER: 1115175
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
```
## **`FOR`**
## **`WARSOP SPORTING TRUST`**
```
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
```
```
WARSOP SPORTING TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2020`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**|`6`|`to`|`7`|
|**`Notes to the Financial Statements`**|`8`|`to`|`14`|
```
WARSOP SPORTING TRUST (REGISTERED NUMBER: 05559415)
```
## **`REPORT OF THE TRUSTEES for the year ended 30 September 2020`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended30September2020.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objectives of the charity are as follows:
```
```
TopromoteforthebenefitoftheinhabitantsofWarsopandthesurroundingareatheprovisionoffacilitiesforrecreation and
sportforindividualswhohaveneedofsuchfacilitiesbyreasonsoftheiryouth,age,infirmityordisablement, financial
hardshiporsocialandeconomiccircumstancesorforthepublicatlargeintheinterestsofsocialwelfareandwiththe object
ofimprovingtheconditionoflifeofthesaidinhabitants.Theadvancementofphysicaleducationforyoungpeople not
undergoing formal education and those who are elderly and/or disabled.
```
## **`Public benefit`**
```
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the charity's aims and objectives for the year.
```
## **`Activities for achieving objectives`**
```
Infurtheranceofthecharitableobjectives,WarsopSportingLimitedwasincorporatedon28September2006asa wholly
owned subsidiary of the trust. Its principal activity is the provision of a bar and function facilities.
```
## **`Volunteers`**
```
The company and the group is grateful for the unstinting efforts of its volunteers who are involved in service provision.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
ThecharityhascontinuedtoprovidefacilitiesforsportsandrecreationforthebenefitoftheinhabitantsofWarsopand the
surrounding area.
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Thecharityneedsreservestoenableittomeettheongoingcommitmentsofitsgeneralcharitableactivitiesandtomeet its
future operating requirements.
```
```
Theusuallevelofreservesisjudgedtobeappropriatefortheneedsofthecharity.However,givenpresentsituation where
thecharityhasbeen unableto hold eventsto providean incomesource,theyhavereliedupon donationsand roomhireas an
incomestreamformostoftheyear.SportsEnglandhavesupportedthecharitywitha£10,000grantandprofitsfrom the
tradingsubsidiaryof£16,596madebeforethelockdownrestrictions,haveenabledthecharitycoststobemet.The trustees
willreviewthispositionandpolicyon anannualbasis.Theresultsofthecharityandthesubsidiarycompanyaregivenin the
notes to the financial statements.
```
## **`Going concern`**
```
Aftermakingappropriateenquiries,thetrusteeshaveareasonableexpectationthatthecompanyhasadequateresources to
continueinoperationalexistencefortheforeseeablefuture.DuetotheCoronavirusPandemicthetradingofthe subsidiary
companyhadtostopasthedoorsofthefacilityhadtoclosealongsideallthesportingfacilitiesinthecountry.Within the
tradingsubsidiary,theJobRetentionSchemegrantwasutilisedtoensurethecontinuedemploymentofitsstaffandin June
2020theoutdoorspaceswerereopenedbuthaveonceagainclosedinaccordancewithGovernmentguidelines.As stated
aboveSportsEnglandhavesupportedtheCharitywitha£10,000grantandMrJohnFretwellhasconfirmedhis continued
fundingandsupportandforthisreasontheycontinuetoadoptthegoingconcernbasisinpreparingthe financial
statements.Furtherdetailsregardingtheadoptionofthegoingconcernbasiscanbefoundinnote15ofthe financial
statements.
```
## **`FUTURE PLANS`**
```
ThecharitywillcontinuetoprovidefacilitiesforsportsandrecreationforthebenefitoftheinhabitantsofWarsopand the
surrounding area.
```
```
WarsopSportingLimited,asubsidiaryofthetrust,willcontinuewiththeprovisionofabarandfunctionbookings.Allof this
will be in line with the government guidelines surrounding the coronavirus pandemic.
```
```
Page 1
```
```
WARSOP SPORTING TRUST (REGISTERED NUMBER: 05559415)
```
## **`REPORT OF THE TRUSTEES`**
## **`for the year ended 30 September 2020`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limitedby guarantee,
as defined by the Companies Act 2006.
```
## **`Charity constitution`**
```
Thecompanyandthegroupisregisteredasacharitablecompanylimitedbyguaranteeandwassetupbyamemorandum of
association on 9 September 2005, as amended by resolution in 15 June 2006 .
```
```
Thecompanyandthegroupisconstitutedunderamemorandumofassociationdated9September2005,asamended by
resolution in 15 June 2006 and is a registered charity number 1115175.
```
## **`Recruitment and appointment of new trustees`**
```
Themanagementofthecompanyandthegroupistheresponsibilityofthetrusteeswhoareelectedandcooptedunder the
termsofthearticlesofassociation.Thefollowingtrusteesretirebyrotationandbeingeligibleofferthemselvesfor re-election
at the annual general meeting:
```
```
C C French
J C Fretwell
```
## **`Organisational structure`**
```
Assetoutinthearticlesofassociationthechairofthetrusteesisnominatedby WarsopSportingTrust.The minimum number
oftrusteesissetatsixwiththemaximumsetateleven.Onehalfofthetrusteesretireinrotationateachannual general
meeting and can be re-elected. There is no limit to the length of service of any trustee.
```
## **`Decision making`**
```
Thetrusteesalsoretainresponsibilityfortheprovisionoftheservices,daytodayoperationalmanagementofthe office,
supervisionof the staffteamand alsoensuringthatthe teamcontinueto developtheirskillsand workingpracticesin line with
good practice.
```
## **`Induction and training of new trustees`**
```
Whenconsideringtheappointmentofnewtrusteestheboardwilltakeintoaccountthespecialistskillsrequiredbythe trust.
Additionally, new trustees are given a short induction session by existing members of the management committee.
```
## **`Related parties`**
```
J C Fretwell,a trustee,isalsoa directorof WarsopSportingLimited,a subsidiaryof thetrust,whoseprincipalactivitiesare the
provision of a bar and function bookings.
```
## **`Risk management`**
```
The trusteeshavea dutyto identifyand reviewtherisksto whichthecharityisexposedand to ensureappropriatecontrols are
in place to provide reasonable assurance against fraud and error.
```
```
Thetrusteeshaveconductedareviewofthemajorriskstowhichthecharityisexposed.Whereappropriate,systems or
proceduresarebeingestablishedtomitigatetherisksthecharityfaces.Internalcontrolrisksarebeingminimisedby the
implementationofproceduresforauthorisationofalltransactionsandprojects.Proceduresareinplacetoensure compliance
withhealthandsafetyofstaff,volunteers,clientsandvisitorstothecentre.Theseproceduresareperiodicallyreviewed to
ensure that they continue to meet the needs of the charity.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
05559415 (England and Wales)
```
```
Registered Charity number
1115175
```
## **`Registered office`**
```
The John Fretwell Sports Complex
Sookholme Road
Sookholme
Mansfield
Nottinghamshire
NG19 8LL
```
```
Page 2
```
```
WARSOP SPORTING TRUST (REGISTERED NUMBER: 05559415)
```
## **`REPORT OF THE TRUSTEES for the year ended 30 September 2020`**
## **`Trustees`**
```
J Carter Director
C C French Cricket Bat Manufacturer
J C Fretwell Retired
A C Fretwell Director
J T Card Accountant
J R Atherton Motor Trader
```
## **`Independent Examiner`**
```
O Jenkins
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
........................................................................
J C Fretwell - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARSOP SPORTING TRUST`**
## **`Independent examiner's report to the trustees of Warsop Sporting Trust ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthatthe accountsof the Companyarenot requiredto be auditedunderPart16 of the 2006 Actand are
eligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedout under
section145 of the CharitiesAct2011 ('the2011 Act').In carryingout my examinationI havefollowedthe Directionsgiven by
the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or`
`3. 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`
`4. 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
O Jenkins
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Date: .............................................
```
```
Page 4
```
```
WARSOP SPORTING TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Fundraising activities`
`2`
`Investment income`
`3`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
**`19,145`**
**`10,000`**
**`-`**
**`16,596`**
**`-`**
**`45,741`**
**`-`**
**`97,576`**
**`97,576`**
**`(51,835)`**
**`1,322,792`**
**`1,270,957`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`3,627`**
**`3,627`**
**`(3,627)`**
**`27,460`**
**`23,833`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
**`19,145`**
**`10,000`**
**`-`**
**`16,596`**
**`-`**
**`45,741`**
**`-`**
**`101,203`**
**`101,203`**
**`(55,462)`**
**`1,350,252`**
**`1,294,790`**|`2019`
`Total`
`funds`
`£`
`30,409`
`31,087`
`39,294`
`22,334`
`995`|
|---|---|---|---|---|
|||||`124,119`
`22,414`
`124,127`|
|||||`146,541`|
|||||`(22,422)`
`1,372,674`|
|||||`1,350,252`|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`WARSOP SPORTING TRUST (REGISTERED NUMBER: 05559415)`**
## **`BALANCE SHEET`**
## **`30 September 2020`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`11`
**`NET ASSETS`**
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
**`1,540,379`**
**`1`**
**`1,540,380`**
**`150`**
**`262`**
**`412`**
**`(10,798)`**
**`(10,386)`**
**`1,529,994`**
**`(259,037)`**
**`1,270,957`**|`Restricted`
`fund`
`£`
**`23,833`**
**`-`**
**`23,833`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`23,833`**
**`-`**
**`23,833`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
**`1,564,212`**
**`1`**
**`1,564,213`**
**`150`**
**`262`**
**`412`**
**`(10,798)`**
**`(10,386)`**
**`1,553,827`**
**`(259,037)`**
**`1,294,790`**
**`1,270,957`**
**`23,833`**
**`1,294,790`**|`2019`
`Total`
`funds`
`£`
`1,619,970`
`1`|
|---|---|---|---|---|
|||||`1,619,971`
`1,314`
`1,320`|
|||||`2,634`
`(29,603)`|
|||||`(26,969)`|
|||||`1,593,002`
`(242,750)`|
|||||`1,350,252`|
|||||`1,322,792`
`27,460`|
|||||`1,350,252`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 September 2020.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 September 2020 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
```
(b)preparingfinancialstatementswhichgivea trueand fairviewof thestateof affairsof thecharitablecompanyasat the
endofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirements of
Sections394and395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relating to
financial statements, so far as applicable to the charitable company.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 6
```
```
WARSOP SPORTING TRUST (REGISTERED NUMBER: 05559415)
```
## **`BALANCE SHEET - continued 30 September 2020`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompanies subject
to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon .............................................
and were signed on its behalf by:
```
```
.............................................
J C Fretwell - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2020`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCompanies Act
2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
```
## **`Preparation of consolidated financial statements`**
```
ThefinancialstatementscontaininformationaboutWarsopSportingTrustasanindividualcompanyanddo not
containconsolidatedfinancialinformationastheparentofagroup.ThecharityisexemptunderSection399(2A) of
the Companies Act 2006 from the requirements to prepare consolidated financial statements.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisa legalor constructiveobligationcommittingthecharity to
thatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamount of
theobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearend datearenotedasa commitmentbut not
accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
|`Short leasehold`|`-`|`Over the term of the lease and Straight line over 50 years`|
|---|---|---|
|`Plant and machinery`|`-`|`20% straight line`|
|`Fixtures and fittings`|`-`|`10 - 33.3% Straight line`|
|`Sports equipment`|`-`|`10% on cost`|
|`Office equipment`|`-`|`33.3% straight line`|
## **`Related party exemption`**
```
Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland',nottodiscloserelatedparty transactions
with wholly owned subsidiaries within the group.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
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.
```
```
continued...
```
```
Page 8
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`2. FUNDRAISING ACTIVITIES`**
|`Clay pigeon shoot`
`Cricket events`
**`INVESTMENT INCOME`**
`Gift aid income`|**`2020`**
**`£`**
**`-`**
**`-`**
**`-`**
**`2020`**
**`£`**
**`16,596`**|`2019`
`£`
`3,500`
`35,794`|
|---|---|---|
|||`39,294`|
|||`2019`
`£`
`22,334`|
## **`3. INVESTMENT INCOME`**
## **`4. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`2020`**|`2019`|
|---|---|---|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`55,758`**|`56,801`|
|`Surplus on disposal of fixed assets`|**`-`**|`(995)`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Fundraising activities`
`Investment income`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**|`Unrestricted`
`fund`
`£`
`30,409`
`-`
`39,294`
`22,334`
`995`
`93,032`
`22,414`
`120,500`
`142,914`|`Restricted`
`fund`
`£`
`-`
`31,087`
`-`
`-`
`-`
`31,087`
`-`
`3,627`
`3,627`|`Total`
`funds`
`£`
`30,409`
`31,087`
`39,294`
`22,334`
`995`|
|---|---|---|---|
||||`124,119`
`22,414`
`124,127`|
||||`146,541`|
```
continued...
```
```
Page 9
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the year ended 30 September 2020`**
|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`|**`- continued`**
`Unrestricted`
`fund`
`£`
`(49,882)`
`1,372,674`
`1,322,792`
`Short`
`leasehold`
`£`
**`2,089,555`**
**`-`**
**`2,089,555`**
**`534,797`**
**`41,792`**
**`-`**
**`576,589`**
**`1,512,966`**
`1,554,758`
`Sports`
`equipment`
`£`
**`72,782`**
**`-`**
**`72,782`**
**`38,005`**
**`4,792`**
**`-`**
**`42,797`**
**`29,985`**
`34,777`||`Restricted`
`fund`
`£`
`27,460`
`-`
`27,460`
`Plant and`
`machinery`
`£`
**`90,172`**
**`(24,920)`**
**`65,252`**
**`80,313`**
**`2,877`**
**`(24,920)`**
**`58,270`**
**`6,982`**
`9,859`
`Office`
`equipment`
`£`
**`6,641`**
**`-`**
**`6,641`**
**`6,641`**
**`-`**
**`-`**
**`6,641`**
**`-`**
`-`||`Total`
`funds`
`£`
`(22,422)`
`1,372,674`|
|---|---|---|---|---|---|---|
|||||||`1,350,252`|
|||||||`Fixtures`
`and`
`fittings`
`£`
**`244,384`**
**`-`**
**`244,384`**
**`223,808`**
**`6,297`**
**`-`**
**`230,105`**
**`14,279`**
`20,576`
`Totals`
`£`
**`2,503,534`**
**`(24,920)`**
**`2,478,614`**
**`883,564`**
**`55,758`**
**`(24,920)`**
**`914,402`**
**`1,564,212`**
`1,619,970`|
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
```
continued...
```
```
Page 10
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`8. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 October 2019 and 30 September 2020`|**`1`**|
|**`NET BOOK VALUE`**||
|`At 30 September 2020`|**`1`**|
|`At 30 September 2019`|`1`|
```
There were no investment assets outside the UK.
```
```
The company's investments at the balance sheet date in the share capital of companies include the following:
```
## **`Warsop Sporting Ltd`**
```
Registered office: In England
```
```
Nature of business: Provision of a bar and function bookings
```
## **`9.`**
## **`10.`**
|`%`
`Class of share:`
`holding`
`ordinary`
**`100`**
`Aggregate capital and reserves`
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`VAT`
`Accruals and deferred income`||
|---|---|
```
continued...
```
```
Page 11
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
|`Other loans (see note 12)`
`Amounts owed to group undertakings`
**`12.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due in more than five years:`
`Repayable otherwise than by instalments:`
`Other loans`
**`13.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**|`At`
`1.10.19`
`£`
**`1,322,792`**
**`27,460`**
**`1,350,252`**
`Incoming`
`resources`
`£`
**`45,741`**
**`-`**
**`45,741`**|**`2020`**
**`£`**
**`216,000`**
**`43,037`**
**`259,037`**
**`2020`**
**`£`**
**`216,000`**
`Net`
`movement`
`in funds`
`£`
**`(51,835)`**
**`(3,627)`**
**`(55,462)`**
`Resources`
`expended`
`£`
**`(97,576)`**
**`(3,627)`**
**`(101,203)`**|`2019`
`£`
`216,000`
`26,750`
`242,750`
`2019`
`£`
`216,000`
`At`
`30.9.20`
`£`
**`1,270,957`**
**`23,833`**
**`1,294,790`**
`Movement`
`in funds`
`£`
**`(51,835)`**
**`(3,627)`**
**`(55,462)`**|
|---|---|---|---|
|||||
```
continued...
```
```
Page 12
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Comparatives for movement in funds
```
|`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`1,372,674`
**`Restricted funds`**
`English Cricket Board`
`-`
**`TOTAL FUNDS`**
`1,372,674`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`93,032`
**`Restricted funds`**
`English Cricket Board`
`31,087`
**`TOTAL FUNDS`**
`124,119`
`A current year 12 months and prior year 12 months combined position is as follows:`
`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`1,372,674`
**`Restricted funds`**
`English Cricket Board`
`-`
**`TOTAL FUNDS`**
`1,372,674`|`Net`
`movement`
`in funds`
`£`
`(49,882)`
`27,460`
`(22,422)`
`Resources`
`expended`
`£`
`(142,914)`
`(3,627)`
`(146,541)`
`Net`
`movement`
`in funds`
`£`
`(101,717)`
`23,833`
`(77,884)`|`At`
`30.9.19`
`£`
`1,322,792`
`27,460`
`1,350,252`
`Movement`
`in funds`
`£`
`(49,882)`
`27,460`
`(22,422)`
`At`
`30.9.20`
`£`
`1,270,957`
`23,833`
`1,294,790`|
|---|---|---|
```
continued...
```
```
Page 13
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the year ended 30 September 2020`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**
**`RELATED PARTY DISCLOSURES`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|
|---|---|---|---|
|||`2020`|`2019`|
|||`£`|`£`|
|`Loan from J C Fretwell, a trustee, for construction costs`|`1,350,000`
`1,350,000`|||
|`Owing to J C Fretwell at the year end`|`216,000`
`216,000`|||
|`Grants to Welbeck Colliery Cricket Club`|`7,800`
`5,558`|||
|||||
## **`14. RELATED PARTY DISCLOSURES`**
```
DuringtheyearthecharitypaidgrantstoWelbeckCollieryCricketClub,whereoneofthecharity'strustees,J C
Fretwell, is the club's president.
```
```
There are no further related party transactions to disclose.
```
## **`15. GOING CONCERN`**
```
Thecompanyisdependentonthesupportofatrusteeandthesubsidiarycompany,WarsopSportingLimited. The
trusteehasindicatedthatheintendstoprovidesufficientfinancialsupporttoenablethecompanytocontinue its
operationsuntilatleastMay2025.The subsidiarycompanyisexpectedto continueto generatepositivecashflows on
its own account, once they are allowed to reopen and for the foreseeable future.
```
```
The trustees,havingassessedtheresponsesofboththesupportingtrusteeandthedirectorofWarsopSporting Limited
to theirenquiries,haveno reasonto believethata materialuncertaintyexiststhatmaycastsignificantdoubtabout the
ability of the group to continue as a going concern.
```
```
Onthebasisoftheirassessmentofthecompany'sfinancialpositionandoftheenquiriesmadeofthe supporting
trusteeandthedirectorofWarsopSportingLimited,thecompany'strusteeshaveareasonableexpectationthat the
companywillbeabletocontinueinoperationalexistencefortheforeseeablefuture,thisisaftertakinginto account
theaffectofthepandemiclockdownandbeingunabletofullyreopenuntilmid2021.Thustheycontinuetoadopt the
going concern basis of accounting in preparing the financial statements.
```
```
Page 14
```
```
REGISTERED COMPANY NUMBER: 05559415 (England and Wales)
REGISTERED CHARITY NUMBER: 1115175
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
```
## **`FOR`**
## **`WARSOP SPORTING TRUST`**
```
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
```
```
WARSOP SPORTING TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2020`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**|`6`|`to`|`7`|
|**`Notes to the Financial Statements`**|`8`|`to`|`14`|
|**`Detailed Statement of Financial Activities`**|`15`|`to`|`16`|
```
WARSOP SPORTING TRUST
```
## **`REPORT OF THE TRUSTEES`**
## **`for the year ended 30 September 2020`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended30September2020.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objectives of the charity are as follows:
```
```
TopromoteforthebenefitoftheinhabitantsofWarsopandthesurroundingareatheprovisionoffacilitiesforrecreation and
sportforindividualswhohaveneedofsuchfacilitiesbyreasonsoftheiryouth,age,infirmityordisablement, financial
hardshiporsocialandeconomiccircumstancesorforthepublicatlargeintheinterestsofsocialwelfareandwiththe object
ofimprovingtheconditionoflifeofthesaidinhabitants.Theadvancementofphysicaleducationforyoungpeople not
undergoing formal education and those who are elderly and/or disabled.
```
## **`Public benefit`**
```
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the charity's aims and objectives for the year.
```
## **`Activities for achieving objectives`**
```
Infurtheranceofthecharitableobjectives,WarsopSportingLimitedwasincorporatedon28September2006asa wholly
owned subsidiary of the trust. Its principal activity is the provision of a bar and function facilities.
```
## **`Volunteers`**
```
The company and the group is grateful for the unstinting efforts of its volunteers who are involved in service provision.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
ThecharityhascontinuedtoprovidefacilitiesforsportsandrecreationforthebenefitoftheinhabitantsofWarsopand the
surrounding area.
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Thecharityneedsreservestoenableittomeettheongoingcommitmentsofitsgeneralcharitableactivitiesandtomeet its
future operating requirements.
```
```
Theusuallevelofreservesisjudgedtobeappropriatefortheneedsofthecharity.However,givenpresentsituation where
thecharityhasbeen unableto hold eventsto providean incomesource,theyhavereliedupon donationsand roomhireas an
incomestreamformostoftheyear.SportsEnglandhavesupportedthecharitywitha£10,000grantandprofitsfrom the
tradingsubsidiaryof£16,596madebeforethelockdownrestrictions,haveenabledthecharitycoststobemet.The trustees
willreviewthispositionandpolicyon anannualbasis.Theresultsofthecharityandthesubsidiarycompanyaregivenin the
notes to the financial statements.
```
## **`Going concern`**
```
Aftermakingappropriateenquiries,thetrusteeshaveareasonableexpectationthatthecompanyhasadequateresources to
continueinoperationalexistencefortheforeseeablefuture.DuetotheCoronavirusPandemicthetradingofthe subsidiary
companyhadtostopasthedoorsofthefacilityhadtoclosealongsideallthesportingfacilitiesinthecountry.Within the
tradingsubsidiary,theJobRetentionSchemegrantwasutilisedtoensurethecontinuedemploymentofitsstaffandin June
2020theoutdoorspaceswerereopenedbuthaveonceagainclosedinaccordancewithGovernmentguidelines.As stated
aboveSportsEnglandhavesupportedtheCharitywitha£10,000grantandMrJohnFretwellhasconfirmedhis continued
fundingandsupportandforthisreasontheycontinuetoadoptthegoingconcernbasisinpreparingthe financial
statements.Furtherdetailsregardingtheadoptionofthegoingconcernbasiscanbefoundinnote15ofthe financial
statements.
```
## **`FUTURE PLANS`**
```
ThecharitywillcontinuetoprovidefacilitiesforsportsandrecreationforthebenefitoftheinhabitantsofWarsopand the
surrounding area.
```
```
WarsopSportingLimited,asubsidiaryofthetrust,willcontinuewiththeprovisionofabarandfunctionbookings.Allof this
will be in line with the government guidelines surrounding the coronavirus pandemic.
```
```
Page 1
```
```
WARSOP SPORTING TRUST
```
## **`REPORT OF THE TRUSTEES`**
## **`for the year ended 30 September 2020`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limitedby guarantee,
as defined by the Companies Act 2006.
```
## **`Charity constitution`**
```
Thecompanyandthegroupisregisteredasacharitablecompanylimitedbyguaranteeandwassetupbyamemorandum of
association on 9 September 2005, as amended by resolution in 15 June 2006 .
```
```
Thecompanyandthegroupisconstitutedunderamemorandumofassociationdated9September2005,asamended by
resolution in 15 June 2006 and is a registered charity number 1115175.
```
## **`Recruitment and appointment of new trustees`**
```
Themanagementofthecompanyandthegroupistheresponsibilityofthetrusteeswhoareelectedandcooptedunder the
termsofthearticlesofassociation.Thefollowingtrusteesretirebyrotationandbeingeligibleofferthemselvesfor re-election
at the annual general meeting:
```
```
C C French
J C Fretwell
```
## **`Organisational structure`**
```
Assetoutinthearticlesofassociationthechairofthetrusteesisnominatedby WarsopSportingTrust.The minimum number
oftrusteesissetatsixwiththemaximumsetateleven.Onehalfofthetrusteesretireinrotationateachannual general
meeting and can be re-elected. There is no limit to the length of service of any trustee.
```
## **`Decision making`**
```
Thetrusteesalsoretainresponsibilityfortheprovisionoftheservices,daytodayoperationalmanagementofthe office,
supervisionof the staffteamand alsoensuringthatthe teamcontinueto developtheirskillsand workingpracticesin line with
good practice.
```
## **`Induction and training of new trustees`**
```
Whenconsideringtheappointmentofnewtrusteestheboardwilltakeintoaccountthespecialistskillsrequiredbythe trust.
Additionally, new trustees are given a short induction session by existing members of the management committee.
```
## **`Related parties`**
```
J C Fretwell,a trustee,isalsoa directorof WarsopSportingLimited,a subsidiaryof thetrust,whoseprincipalactivitiesare the
provision of a bar and function bookings.
```
## **`Risk management`**
```
The trusteeshavea dutyto identifyand reviewtherisksto whichthecharityisexposedand to ensureappropriatecontrols are
in place to provide reasonable assurance against fraud and error.
```
```
Thetrusteeshaveconductedareviewofthemajorriskstowhichthecharityisexposed.Whereappropriate,systems or
proceduresarebeingestablishedtomitigatetherisksthecharityfaces.Internalcontrolrisksarebeingminimisedby the
implementationofproceduresforauthorisationofalltransactionsandprojects.Proceduresareinplacetoensure compliance
withhealthandsafetyofstaff,volunteers,clientsandvisitorstothecentre.Theseproceduresareperiodicallyreviewed to
ensure that they continue to meet the needs of the charity.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
05559415 (England and Wales)
```
```
Registered Charity number
1115175
```
## **`Registered office`**
```
The John Fretwell Sports Complex
Sookholme Road
Sookholme
Mansfield
Nottinghamshire
NG19 8LL
```
```
Page 2
```
```
WARSOP SPORTING TRUST
```
## **`REPORT OF THE TRUSTEES for the year ended 30 September 2020`**
## **`Trustees`**
```
J Carter Director
C C French Cricket Bat Manufacturer
J C Fretwell Retired
A C Fretwell Director
J T Card Accountant
J R Atherton Motor Trader
```
## **`Independent Examiner`**
```
O Jenkins
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
........................................................................
J C Fretwell - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARSOP SPORTING TRUST`**
## **`Independent examiner's report to the trustees of Warsop Sporting Trust ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthatthe accountsof the Companyarenot requiredto be auditedunderPart16 of the 2006 Actand are
eligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedout under
section145 of the CharitiesAct2011 ('the2011 Act').In carryingout my examinationI havefollowedthe Directionsgiven by
the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or`
`3. 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`
`4. 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
O Jenkins
Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Date: .............................................
```
```
Page 4
```
```
WARSOP SPORTING TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Fundraising activities`
`2`
`Investment income`
`3`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
**`19,145`**
**`10,000`**
**`-`**
**`16,596`**
**`-`**
**`45,741`**
**`-`**
**`97,576`**
**`97,576`**
**`(51,835)`**
**`1,322,792`**
**`1,270,957`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`3,627`**
**`3,627`**
**`(3,627)`**
**`27,460`**
**`23,833`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
**`19,145`**
**`10,000`**
**`-`**
**`16,596`**
**`-`**
**`45,741`**
**`-`**
**`101,203`**
**`101,203`**
**`(55,462)`**
**`1,350,252`**
**`1,294,790`**|`2019`
`Total`
`funds`
`£`
`30,409`
`31,087`
`39,294`
`22,334`
`995`|
|---|---|---|---|---|
|||||`124,119`
`22,414`
`124,127`|
|||||`146,541`|
|||||`(22,422)`
`1,372,674`|
|||||`1,350,252`|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`WARSOP SPORTING TRUST`**
## **`BALANCE SHEET`**
## **`30 September 2020`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`11`
**`NET ASSETS`**
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
**`1,540,379`**
**`1`**
**`1,540,380`**
**`150`**
**`262`**
**`412`**
**`(10,798)`**
**`(10,386)`**
**`1,529,994`**
**`(259,037)`**
**`1,270,957`**|`Restricted`
`fund`
`£`
**`23,833`**
**`-`**
**`23,833`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`23,833`**
**`-`**
**`23,833`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
**`1,564,212`**
**`1`**
**`1,564,213`**
**`150`**
**`262`**
**`412`**
**`(10,798)`**
**`(10,386)`**
**`1,553,827`**
**`(259,037)`**
**`1,294,790`**
**`1,270,957`**
**`23,833`**
**`1,294,790`**|`2019`
`Total`
`funds`
`£`
`1,619,970`
`1`|
|---|---|---|---|---|
|||||`1,619,971`
`1,314`
`1,320`|
|||||`2,634`
`(29,603)`|
|||||`(26,969)`|
|||||`1,593,002`
`(242,750)`|
|||||`1,350,252`|
|||||`1,322,792`
`27,460`|
|||||`1,350,252`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 September 2020.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 September 2020 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
```
(b)preparingfinancialstatementswhichgivea trueand fairviewof thestateof affairsof thecharitablecompanyasat the
endofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirements of
Sections394and395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relating to
financial statements, so far as applicable to the charitable company.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 6
```
```
WARSOP SPORTING TRUST
```
## **`BALANCE SHEET - continued 30 September 2020`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompanies subject
to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon .............................................
and were signed on its behalf by:
```
```
.............................................
```
```
J C Fretwell - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2020`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCompanies Act
2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
```
## **`Preparation of consolidated financial statements`**
```
ThefinancialstatementscontaininformationaboutWarsopSportingTrustasanindividualcompanyanddo not
containconsolidatedfinancialinformationastheparentofagroup.ThecharityisexemptunderSection399(2A) of
the Companies Act 2006 from the requirements to prepare consolidated financial statements.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisa legalor constructiveobligationcommittingthecharity to
thatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamount of
theobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearend datearenotedasa commitmentbut not
accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
|`Short leasehold`|`-`|`Over the term of the lease and Straight line over 50 years`|
|---|---|---|
|`Plant and machinery`|`-`|`20% straight line`|
|`Fixtures and fittings`|`-`|`10 - 33.3% Straight line`|
|`Sports equipment`|`-`|`10% on cost`|
|`Office equipment`|`-`|`33.3% straight line`|
## **`Related party exemption`**
```
Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland',nottodiscloserelatedparty transactions
with wholly owned subsidiaries within the group.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
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.
```
```
continued...
```
```
Page 8
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`2. FUNDRAISING ACTIVITIES`**
|`Clay pigeon shoot`
`Cricket events`
**`INVESTMENT INCOME`**
`Gift aid income`|**`2020`**
**`£`**
**`-`**
**`-`**
**`-`**
**`2020`**
**`£`**
**`16,596`**|`2019`
`£`
`3,500`
`35,794`|
|---|---|---|
|||`39,294`|
|||`2019`
`£`
`22,334`|
## **`3. INVESTMENT INCOME`**
## **`4. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`2020`**|`2019`|
|---|---|---|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`55,758`**|`56,801`|
|`Surplus on disposal of fixed assets`|**`-`**|`(995)`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30September2020norfortheyear ended
30 September 2019.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Fundraising activities`
`Investment income`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**|`Unrestricted`
`fund`
`£`
`30,409`
`-`
`39,294`
`22,334`
`995`
`93,032`
`22,414`
`120,500`
`142,914`|`Restricted`
`fund`
`£`
`-`
`31,087`
`-`
`-`
`-`
`31,087`
`-`
`3,627`
`3,627`|`Total`
`funds`
`£`
`30,409`
`31,087`
`39,294`
`22,334`
`995`|
|---|---|---|---|
||||`124,119`
`22,414`
`124,127`|
||||`146,541`|
```
continued...
```
```
Page 9
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the year ended 30 September 2020`**
|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`
**`COST`**
`At 1 October 2019`
`Disposals`
`At 30 September 2020`
**`DEPRECIATION`**
`At 1 October 2019`
`Charge for year`
`Eliminated on disposal`
`At 30 September 2020`
**`NET BOOK VALUE`**
`At 30 September 2020`
`At 30 September 2019`|**`- continued`**
`Unrestricted`
`fund`
`£`
`(49,882)`
`1,372,674`
`1,322,792`
`Short`
`leasehold`
`£`
**`2,089,555`**
**`-`**
**`2,089,555`**
**`534,797`**
**`41,792`**
**`-`**
**`576,589`**
**`1,512,966`**
`1,554,758`
`Sports`
`equipment`
`£`
**`72,782`**
**`-`**
**`72,782`**
**`38,005`**
**`4,792`**
**`-`**
**`42,797`**
**`29,985`**
`34,777`||`Restricted`
`fund`
`£`
`27,460`
`-`
`27,460`
`Plant and`
`machinery`
`£`
**`90,172`**
**`(24,920)`**
**`65,252`**
**`80,313`**
**`2,877`**
**`(24,920)`**
**`58,270`**
**`6,982`**
`9,859`
`Office`
`equipment`
`£`
**`6,641`**
**`-`**
**`6,641`**
**`6,641`**
**`-`**
**`-`**
**`6,641`**
**`-`**
`-`||`Total`
`funds`
`£`
`(22,422)`
`1,372,674`|
|---|---|---|---|---|---|---|
|||||||`1,350,252`|
|||||||`Fixtures`
`and`
`fittings`
`£`
**`244,384`**
**`-`**
**`244,384`**
**`223,808`**
**`6,297`**
**`-`**
**`230,105`**
**`14,279`**
`20,576`
`Totals`
`£`
**`2,503,534`**
**`(24,920)`**
**`2,478,614`**
**`883,564`**
**`55,758`**
**`(24,920)`**
**`914,402`**
**`1,564,212`**
`1,619,970`|
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
```
continued...
```
```
Page 10
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`8. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 October 2019 and 30 September 2020`|**`1`**|
|**`NET BOOK VALUE`**||
|`At 30 September 2020`|**`1`**|
|`At 30 September 2019`|`1`|
```
There were no investment assets outside the UK.
```
```
The company's investments at the balance sheet date in the share capital of companies include the following:
```
## **`Warsop Sporting Ltd`**
```
Registered office: In England
```
```
Nature of business: Provision of a bar and function bookings
```
## **`9.`**
## **`10.`**
|`%`
`Class of share:`
`holding`
`ordinary`
**`100`**
`Aggregate capital and reserves`
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`VAT`
`Accruals and deferred income`||
|---|---|
```
continued...
```
```
Page 11
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
|`Other loans (see note 12)`
`Amounts owed to group undertakings`
**`12.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due in more than five years:`
`Repayable otherwise than by instalments:`
`Other loans`
**`13.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**|`At`
`1.10.19`
`£`
**`1,322,792`**
**`27,460`**
**`1,350,252`**
`Incoming`
`resources`
`£`
**`45,741`**
**`-`**
**`45,741`**|**`2020`**
**`£`**
**`216,000`**
**`43,037`**
**`259,037`**
**`2020`**
**`£`**
**`216,000`**
`Net`
`movement`
`in funds`
`£`
**`(51,835)`**
**`(3,627)`**
**`(55,462)`**
`Resources`
`expended`
`£`
**`(97,576)`**
**`(3,627)`**
**`(101,203)`**|`2019`
`£`
`216,000`
`26,750`
`242,750`
`2019`
`£`
`216,000`
`At`
`30.9.20`
`£`
**`1,270,957`**
**`23,833`**
**`1,294,790`**
`Movement`
`in funds`
`£`
**`(51,835)`**
**`(3,627)`**
**`(55,462)`**|
|---|---|---|---|
|||||
```
continued...
```
```
Page 12
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 September 2020`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Comparatives for movement in funds
```
|`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`1,372,674`
**`Restricted funds`**
`English Cricket Board`
`-`
**`TOTAL FUNDS`**
`1,372,674`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`93,032`
**`Restricted funds`**
`English Cricket Board`
`31,087`
**`TOTAL FUNDS`**
`124,119`
`A current year 12 months and prior year 12 months combined position is as follows:`
`At`
`1.10.18`
`£`
**`Unrestricted funds`**
`General fund`
`1,372,674`
**`Restricted funds`**
`English Cricket Board`
`-`
**`TOTAL FUNDS`**
`1,372,674`|`Net`
`movement`
`in funds`
`£`
`(49,882)`
`27,460`
`(22,422)`
`Resources`
`expended`
`£`
`(142,914)`
`(3,627)`
`(146,541)`
`Net`
`movement`
`in funds`
`£`
`(101,717)`
`23,833`
`(77,884)`|`At`
`30.9.19`
`£`
`1,322,792`
`27,460`
`1,350,252`
`Movement`
`in funds`
`£`
`(49,882)`
`27,460`
`(22,422)`
`At`
`30.9.20`
`£`
`1,270,957`
`23,833`
`1,294,790`|
|---|---|---|
```
continued...
```
```
Page 13
```
```
WARSOP SPORTING TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the year ended 30 September 2020`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`English Cricket Board`
**`TOTAL FUNDS`**
**`RELATED PARTY DISCLOSURES`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`138,773`
`(240,490)`
`(101,717)`
`31,087`
`(7,254)`
`23,833`
`169,860`
`(247,744)`
`(77,884)`|
|---|---|---|---|
|||**`2020`**|`2019`|
|||**`£`**|`£`|
|`Loan from J C Fretwell, a trustee, for construction costs`|**`1,350,000`**
`1,350,000`|||
|`Owing to J C Fretwell at the year end`|**`216,000`**
`216,000`|||
|`Grants to Welbeck Colliery Cricket Club`|**`7,800`**
`5,558`|||
|||||
## **`14. RELATED PARTY DISCLOSURES`**
```
DuringtheyearthecharitypaidgrantstoWelbeckCollieryCricketClub,whereoneofthecharity'strustees,J C
Fretwell, is the club's president.
```
```
There are no further related party transactions to disclose.
```
## **`15. GOING CONCERN`**
```
Thecompanyisdependentonthesupportofatrusteeandthesubsidiarycompany,WarsopSportingLimited. The
trusteehasindicatedthatheintendstoprovidesufficientfinancialsupporttoenablethecompanytocontinue its
operationsuntilatleastMay2025.The subsidiarycompanyisexpectedto continueto generatepositivecashflows on
its own account, once they are allowed to reopen and for the foreseeable future.
```
```
The trustees,havingassessedtheresponsesofboththesupportingtrusteeandthedirectorofWarsopSporting Limited
to theirenquiries,haveno reasonto believethata materialuncertaintyexiststhatmaycastsignificantdoubtabout the
ability of the group to continue as a going concern.
```
```
Onthebasisoftheirassessmentofthecompany'sfinancialpositionandoftheenquiriesmadeofthe supporting
trusteeandthedirectorofWarsopSportingLimited,thecompany'strusteeshaveareasonableexpectationthat the
companywillbeabletocontinueinoperationalexistencefortheforeseeablefuture,thisisaftertakinginto account
theaffectofthepandemiclockdownandbeingunabletofullyreopenuntilmid2021.Thustheycontinuetoadopt the
going concern basis of accounting in preparing the financial statements.
```
```
Page 14
```
```
WARSOP SPORTING TRUST
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2020`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Sponsorship`
`Rental of sports pitches`
`Other income`
**`Fundraising activities`**
`Clay pigeon shoot`
`Cricket events`
**`Investment income`**
`Gift aid income`
**`Charitable activities`**
`Grants`
**`Other income`**
`Gain on sale of tangible fixed assets`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Clay pigeon shoot`
`Cricket events`
**`Charitable activities`**
`Grants to institutions`
**`Support costs`**
**`Management`**
`Coaching expenses`
`Insurance`
`Light and heat`
`Telephone, stationery and postage`
`Repairs and renewals`
`Ground maintenance`
`Sundries`
`Depreciation short leasehold`
`Depreciation plant & machinery`
`Depreciation fixtures & fittings`
`Depreciation sports equipment`|`2020`
`£`
**`10,481`**
**`4,373`**
**`4,288`**
**`3`**
**`19,145`**
**`-`**
**`-`**
**`-`**
**`16,596`**
**`10,000`**
**`-`**
**`45,741`**
**`-`**
**`-`**
**`-`**
**`7,800`**
**`5,543`**
**`4,902`**
**`15,137`**
**`899`**
**`3,229`**
**`5,140`**
**`544`**
**`41,792`**
**`2,878`**
**`6,297`**
**`4,792`**
**`91,153`**|`2019`
`£`
`10,766`
`12,167`
`6,387`
`1,089`|
|---|---|---|
|||`30,409`
`3,500`
`35,794`|
|||`39,294`
`22,334`
`31,087`
`995`|
|||`124,119`
`735`
`21,679`|
|||`22,414`
`5,558`
`14,347`
`5,201`
`27,442`
`974`
`5,460`
`4,702`
`1,392`
`41,792`
`2,963`
`7,254`
`4,792`|
|||`116,319`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```
```
WARSOP SPORTING TRUST
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
```
for the year ended 30 September 2020
```
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|**`Management`**|||
|**`Governance costs`**|||
|`Accountancy fees`|**`2,250`**|`2,250`|
|`Total resources expended`|**`101,203`**|`146,541`|
|**`Net expenditure`**|**`(55,462)`**|`(22,422)`|
```
This page does not form part of the statutory financial statements
```
```
Page 16
```