WOTTON COMMUNITY SPORTS FOUNDATION
Company Registration Number: 0634335
Registered Charity Number: 1121349
Abridged accounts (Independently Examined)
for the year ended 31 March 2021
Period of accounts
Start date: 01 April 2020 End date: 31 March 2021
Balance sheet statements
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444 (2A). These accounts have been prepared in accordance with the provisions applicable to companies subject to the small company regime. The directors have chosen to not file a copy of the company’s profit and loss account,
This report was approved by the board of directors on 14/06/21 and signed on behalf of the board by :
Carl Jenner
Name: Carl Jenner
Status: Director
Notes to the Financial Statements
Accounting policies – These statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of the Financial Reporting Standard 102. The notes form part of these financial statements
(Registered Charity 1121349 / Company No 0634335)
WOTTON COMMUNITY SPORTS FOUNDATION
Balance Sheet as at 31 March 2021
| Notes 2020/21 2019/20 |
|
|---|---|
| £ £ |
|
| Fixed Assets Intangible Assets £0 £0 Tangible Assets 1,652,067 1,509,815 Investments 0 £0 |
|
| Total Fixed Assets £1,652,067 £1,509,815 |
|
| Current Assets Stocks £0 £0 Debtors £0 £0 Cash at bank and in hand £168,520 £59,839 Investments £0 £0 |
|
| Total Current Assets £168,520 £59,839 |
|
| Creditors : amounts falling due within one year £0 £0 |
|
| Net Current Assets £168,520 £59,839 |
|
| Total Assets less Current liabilities £1,820,587 £1,569,654 Creditors : amounts falling due after one year £0 £0 Liabilities £0 £0 |
|
| TOTAL NET ASSETS £1,820,587 £1,569,654 |
|
| Capital and reserves Called up share capital £1,569,654 £1,542,535 Profit & loss account £250,933 £27,119 |
|
| TOTAL Shareholder Funds £1,820,587 £1,569,654 |
|
| Page 1 of 5 |
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Income & Expenditure Account for the period ending 31 March 2021
| Income 2020/21 Total Funds Pitch Hire £8,961 KLB £6,803 Donations £1,305 Grant Income £6,716 Project Income £249,009 Party In the Park £0 Interest Received £18 Income from 2000 Club £0 Other Income £511 VAT Income £3,196 Total Income £276,518 Expenditure 2020/21 Main Fund Pitch maintenance £4,200 Parc maintenance £3,091 Party In the Park £0 Electricity £5,099 Insurance £4,413 Sundry Expenditure £679 KLB £5,669 Toilets £778 VAT Paid £1,656 Total Expenditure £25,586 Profit/ Loss £250,933 Capital Additions £142,252 |
2019/20 | |
|---|---|---|
| Total | ||
| Funds | ||
| £17,859 £17,100 £31,675 £0 £0 £16,387 £23 £500 £1,295 £11,045 |
||
| £95,884 | ||
| 2019/20 | ||
| Total | ||
| Funds | ||
| £5,580 £10,144 £14,811 £5,452 £3,848 £929 £14,250 £2,821 £10,932 |
||
| £68,766 | ||
| £27,119 | ||
| £20,593 Page 2 of 5 |
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Assets Summary as at 31 March 2021
| £ | £ | ||
|---|---|---|---|
| Tangible Assets | 2020/21 | 2019/20 | |
| Cost | |||
| At 01 April £1,509,815 £1,489,222 |
|||
| Additions £142,252 £20,593 Disposals £0 £0 Revaluations £0 £0 Transfers £0 £0 |
|||
| At 31 March £1,652,067 £1,509,815 |
|||
| Depreciation At 01 April 2019 £0 £0 Charge for year £0 £0 On disposals £0 £0 Other adjustments £0 £0 At 31 March £0 £0 Net Book Value |
|||
| At 31 March £1,652,067 £1,509,815 |
Page 3 of 5
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Project Funds Summary for the period ending 31 March 2021
| Sinking | Sensory | Football | Party in | Notice | Total | ||
|---|---|---|---|---|---|---|---|
| Fund | Garden | Pitches | the Park | Boards | Funds | ||
| Opening Balance 01/04/20 | £40,310 | £11,752 | £33 | £10 | £902 | £53,007 | |
| Funding Transfer | £33 | -£33 | £0 | ||||
| 20/21 Grant & Donation Income | £5,135 | £243,874 | £249,009 | ||||
| 20/21 Interest Received | £10 | £3 | £4 | £0 | £18 | ||
| Total Income | £44 | £5,138 | £243,844 | £0 | £0 | £249,026 | |
| 2020/21 Project Costs | £478 | £140,872 | £902 | £142,252 | |||
| Total Costs | £0 | £478 | £140,872 | £0 | £902 | £142,252 | |
| Closing Balance 31/03/21 | £40,354 | £16,413 | £103,005 | £10 | £0 | £159,782 |
Page 4 of 5
– WCSF AGM Trustees Annual Report Year Ended 31/03/21
The financial year 20/21 has been challenging for WCSF due to the C19 pandemic. Most of its income streams have been impacted with no dividend income being received from Sport Wotton Ltd in the year as the lettings of the pitches have been intermittent due to the various restrictions and lockdowns.
We have been very fortunate in securing grants from national and local bodies to help support WCSF through these difficult times amounting to some £6.7k. I would like to thank Sarah Watt for her unwavering tenacity in securing these. Also, I must thank the two main users of the pitches Wotton Rovers and Wotton Hockey Club who, when we were allowed managed use of the pitches and income when Sport Wotton was closed. This resulted in income exceeding £9k into WCSF. This allowed us, together with the grant income to continue the monthly maintenance etc this year.
Major funding of £244k from an S-106 bid has allowed the new football pitches to be built at a cost of £157k, the remaining balance is for the ongoing maintenance. Tribute must be paid to Mike Marshall for his work on this project.
After removing income for grant funded projects form the P&L, WCSF achieved an in-year surplus of £1,924 which is fantastic bearing in mind the financial climate in which the organisation was operating.
Following on from my report for the accounts for 2019/20 a review of pricing has been underway to increase the income stream from the WCSF facilities to ensure a year on year surplus. This should then enable increased funds to be set aside for the replacement of the AWP and 3G surfaces when they become required to ensure the facilities will remain at a high standard going forwards.
Carl Jenner
Treasurer 14/06/21
Page 5 of 5
Independent examiner's report on the accounts
Section A Independent Examiner’s Report Report to the trustees/ members of Wotton Community Sports Foundation On accounts for the year 31/03/21 Charity no 1121349 ended (if any) Set out on pages 1 to 5 attached to this report (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021.
As the charity trustees of the Trust, you are responsible for the preparation of the Responsibilities and basis of accounts in accordance with the requirements of the Charities Act 2011 (“the report Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 18/10/21 Signed: KE Johnson Name: Katie Elizabeth Johnson Relevant professional n/a qualification(s) or body (if any): Address: 6 Orchard Close, Middleyard, Kings Stanley, Glos, GL10 3QA
Section B Disclosure
[Only complete if the examiner needs to highlight matters of concern (see CC32, ] Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any N/a items that the examiner wishes to disclose .