**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
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## **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:
- 1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements 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).
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
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## **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.
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## **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**
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## **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|
|---|---|---|
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## **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|
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