**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. - 1 - ## **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** - 2 - ## **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** - 3 - ## **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. - 4 - ## **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| - 5 -