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2023-07-31-accounts

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 2023

SOUTH MANCHESTER SPORTS CLUB LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2023

The Trustees present their annual report and financial statements for the year ended 31 July 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note to the financial statements and comply with the Charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Financial review

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr J Davis Mr N Collins

Mr D TUSSIE, FCA

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees' report was approved by the Board of Trustees.

Mr D TUSSIE, FCA

Trustee

30 April 2024

SOUTH MANCHESTER SPORTS CLUB LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SOUTH MANCHESTER SPORTS CLUB LIMITED

I report to the Trustees on my examination of the financial statements of South Manchester Sports Club Limited (the Charity) for the year ended 31 July 2023.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Tussies Limited

31 Wilmslow Road Cheadle Cheshire SK8 1DR UK

Dated: 30 April 2024

SOUTH MANCHESTER SPORTS CLUB LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2023

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Soccer camps 2,160 13,621
Pitch hire 68,193 83,959
Other income 1 (676) (619)
Total income 69,677 96,961
Expenditure on:
Charitable activities 2 77,773 65,160
Net (expenditure)/income for the year/
Net movement in funds (8,096) 31,801
Fund balances at 1 August 2022 1,104,019 1,072,218
Fund balances at 31 July 2023 1,095,923 1,104,019

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.

SOUTH MANCHESTER SPORTS CLUB LIMITED

BALANCE SHEET

AS AT 31 JULY 2023

Notes
Fixed assets
Tangible assets
4
Current assets
Debtors
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
5
Net assets
Income funds
Unrestricted funds		 2023
£
£
1,079,220
714
66,558
67,272
(20,569)
46,703
1,125,923
(30,000)
1,095,923
1,095,923
1,095,923		 2022
£
£
1,088,701
-
76,909
76,909
(21,591)
55,318
1,144,019
(40,000)
1,104,019
1,104,019
1,104,019

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 2023.

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 30 April 2024

Mr D TUSSIE, FCA

Trustee

Company registration number 6299369

SOUTH MANCHESTER SPORTS CLUB LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2023

1 Other income

Other income
2
Charitable activities
Staff costs
Depreciation and impairment
Grounds Maintenance
Rates & water
Light & heat
Insurance
Cleaning & waste disposal
Telephone
Sundries
Bank loan interest
Bank charges
Coaching & training
Charitable donations
Accountancy
Soccer camps
Sport equipment
Subscriptions
Defibrillator
FA Fees
Catering
Fire safety costs
Analysis by fund
Unrestricted funds
For the year ended 31 July 2022
Unrestricted funds		 2023
£
(676)
2023
£
24,466
10,330
10,241
3,425
6,740
3,624
265
596
1,076
762
247
875
2,423
1,475
650
9,022
263
-
520
315
1,218
77,773
77,773
77,773
77,773		 2022
£
(619)
2022
£
26,807
10,350
9,402
584
2,587
3,303
3,171
456
2,292
1,134
231
180
1,415
1,284
1,580
-
-
384
-
-
-
65,160
65,160
65,160
65,160

SOUTH MANCHESTER SPORTS CLUB LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2023

3 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 Tangible fixed assets

Tangible fixed assets
Cost
At 1 August 2022
Additions
At 31 July 2023
Depreciation and impairment
At 1 August 2022
Depreciation charged in the year
At 31 July 2023
Carrying amount
At 31 July 2023
At 31 July 2022		 Leasehold
land and
buildings
Fixtures and
fittings
£
£
1,006,591
4,824
-
-
1,006,591
4,824
-
4,061
-
50
-
4,111
1,006,591
713
1,006,591
763		 Computers
£
16,864
849
17,713
15,608
280
15,888
1,825
1,256		 All weather
pitch
£
100,101
-
100,101
20,010
10,000
30,010
70,091
80,091		 Total
£
1,128,380
849
1,129,229
39,679
10,330
50,009
1,079,220
1,088,701

5 Creditors: amounts falling due after more than one year

2023 2022
Notes £ £
Bank loans 30,000 40,000