Charity Registration No. 1121055
Company Registration No. 6299369 (England and Wales)
SOUTH MANCHESTER SPORTS CLUB LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
SOUTH MANCHESTER SPORTS CLUB LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2022
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | 1 | - | 4,950 |
| Soccer camps | 13,621 | 4,188 | |
| Pitch hire | 83,959 | 50,910 | |
| Other income | 2 | (619) | 15,528 |
| Total income | 96,961 | 75,576 | |
| Expenditure on: | |||
| Charitable activities | 3 | 65,160 | 50,733 |
| Net income for the year/ | |||
| Net movement in funds | 31,801 | 24,843 | |
| Fund balances at 1 August 2021 | 1,072,218 | 1,047,375 | |
| Fund balances at 31 July 2022 | 1,104,019 | 1,072,218 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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SOUTH MANCHESTER SPORTS CLUB LIMITED
BALANCE SHEET
AS AT 31 JULY 2022
| Notes Fixed assets Tangible assets 5 Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Income funds Unrestricted funds |
2022 £ £ 1,088,701 76,909 (21,591) 55,318 1,144,019 (40,000) 1,104,019 1,104,019 1,104,019 |
2021 £ £ 1,099,051 35,555 (12,388) 23,167 1,122,218 (50,000) 1,072,218 1,072,218 1,072,218 |
|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2022.
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 Trustees on 19 April 2023
Mr D TUSSIE, FCA
Trustee
Company registration number 6299369
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SOUTH MANCHESTER SPORTS CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2022
1 Donations and legacies
| Donations and gifts Other income Other income Furlough income Council grant |
Total Unrestricted funds 2022 2021 £ £ - 4,950 2022 2021 £ £ (619) 208 - 4,269 - 11,051 (619) 15,528 |
Total Unrestricted funds 2022 2021 £ £ - 4,950 2022 2021 £ £ (619) 208 - 4,269 - 11,051 (619) 15,528 |
|
|---|---|---|---|
| 2021 £ 208 4,269 11,051 |
|||
| 15,528 |
2 Other income
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SOUTH MANCHESTER SPORTS CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2022
3 Charitable activities
| Staff costs Depreciation and impairment Grounds Maintenance Rates & water Light & heat Repairs & maintenance Insurance Cleaning & waste disposal Telephone Sundries Bank loan interest Bank charges Coaching & training Charitable donations Accountancy Analysis by fund Unrestricted funds For the year ended 31 July 2021 Unrestricted funds |
2022 £ 26,807 10,350 9,402 584 2,587 - 3,303 3,171 456 2,292 1,134 231 180 1,415 3,248 65,160 65,160 65,160 65,160 |
2021 £ 18,314 10,460 9,332 355 1,504 575 2,961 2,968 402 1,534 - 185 600 463 1,080 |
|---|---|---|
| 50,733 | ||
| 50,733 | ||
| 50,733 | ||
| 50,733 |
4 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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SOUTH MANCHESTER SPORTS CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2022
| 5 Tangible fixed assets Cost At 1 August 2021 At 31 July 2022 Depreciation and impairment At 1 August 2021 Depreciation charged in the year At 31 July 2022 Carrying amount At 31 July 2022 At 31 July 2021 |
Leasehold land and buildings Fixtures and fittings £ £ 1,006,591 4,824 1,006,591 4,824 - 4,011 - 50 - 4,061 1,006,591 763 1,006,591 813 |
Computers £ 16,864 16,864 15,308 300 15,608 1,256 1,556 |
All weather pitch £ 100,101 100,101 10,010 10,000 20,010 80,091 90,091 |
Total £ 1,128,380 |
|---|---|---|---|---|
| 1,128,380 | ||||
| 29,329 10,350 |
||||
| 39,679 | ||||
| 1,088,701 | ||||
| 1,099,051 |
Investment properties rented to another group entity have been accounted for using the cost model. The carrying value of these investment properties included within tangible fixed assets is £XXXX (2021 - £XXXX).
6 Creditors: amounts falling due after more than one year
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Bank loans | 40,000 | 50,000 |
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