WOTTON COMMUNITY SPORTS FOUNDATION
Company Registration Number: 0634335
Registered Charity Number: 1121349
Abridged accounts (Independently Examined)
for the year ended 31 March 2022
Period of accounts
Start date: 01 April 2021 End date: 31 March 2022
Balance sheet statements
For the year ended 31 March 2022 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 15/06/22 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
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Balance Sheet at 31 March 2022
| Notes | 2021/22 | 2020/21 | ||
|---|---|---|---|---|
| £ | £ | |||
| Fixed Assets | ||||
| Intangible Assets | £0 | £0 | ||
| Tangible Assets | 1,705,387 | 1,652,067 | ||
| Investments | 0 | £0 | ||
| Total Fixed Assets | £1,705,387 | £1,652,067 | ||
| Current Assets | ||||
| Stocks | £0 | £0 | ||
| Debtors | £0 | £0 | ||
| Cash at bank and in hand | £265,585 | £168,520 | ||
| Investments | £0 | £0 | ||
| Total Current Assets | £265,585 | £168,520 | ||
| Creditors : amounts falling due within one year | £0 | £0 | ||
| Net Current Assets | £265,585 | £168,520 | ||
| Total Assets less Current liabilities | £1,970,972 | £1,820,587 | ||
| Creditors : amounts falling due after one year | £0 | £0 | ||
| Liabilities | £0 | £0 | ||
| TOTAL NET ASSETS | £1,970,972 | £1,820,587 | ||
| Capita and reserves | ||||
| Called up share capital | £1,820,587 | £1,569,654 | ||
| Profit & loss account | £150,385 | £250,933 | ||
| TOTAL Shareholder Funds | £1,970,972 | £1,820,587 |
Page 1 of 5
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Income & Expenditure Account for the period ending 31 March 2022
| Income Notes 2021/22 Total Funds Dividend Income £42,200 KLB £11,400 Donations £1,950 Grant Income £115,500 Project Income £3,702 Party In the Park £0 Interest Received £15 Income from 2000 Club £2,000 Other Income £600 VAT Income £2,945 Total Income £180,312 Expenditure Notes 2021/22 Total Funds Pitch maintenance £3,209 Parc maintenance £3,133 Project Costs £0 Party In the Park £0 Electricity £2,544 Insurance £4,877 Sundry Expenditure £2,679 KLB £9,500 Toilets £1,238 VAT Paid £2,747 Total Expenditure £29,927 Profit/ Loss £150,385 Capital Additions £53,320 |
2020/21 | |
|---|---|---|
| Total | ||
| Funds | ||
| £8,961 £6,803 £1,305 £6,716 £249,009 £0 £18 £0 £511 £3,196 |
||
| £276,519 | ||
| 2020/21 | ||
| Total | ||
| Funds | ||
| £4,200 £3,091 £0 £0 £5,099 £4,413 £679 £5,669 £778 £1,656 |
||
| £25,586 | ||
| £250,933 | ||
| £142,252 Page 2 of 5 |
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Assets Summary at 31 March 2022
| £ | £ | ||
|---|---|---|---|
| Tangible Assets | 2021/22 | 2020/21 | |
| Cost | |||
| At 01 April £1,652,067 £1,509,815 |
|||
| Additions £53,320 £142,252 Disposals £0 Revaluations £0 Transfers £0 |
|||
| At 31 March £1,705,387 £1,652,067 |
|||
| 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 £1,705,387 £1,652,067 |
Page 3 of 5
WOTTON COMMUNITY SPORTS FOUNDATION
(Registered Charity 1121349 / Company No 0634335)
Project Funds Summary for the period ending 31 March 2022
| Sinking | Sensory | Junior FB | Adult FB | Party in | New Barn |
Total | ||
|---|---|---|---|---|---|---|---|---|
| Fund | Garden | Pitches | Pitches | the Park | Centre |
Funds | ||
| Opening Balance | ||||||||
| 01/04/21 | £40,354 | £16,413 | £103,005 | £0 | £10 | £0 |
£159,782 | |
| Funding Transfer | £32,000 | £32,000 | ||||||
| 21/22 Grant & Donation | £3,702 | £15,500 | £100,000 | £119,202 | ||||
| 21/22 Interest Received | £4 | £2 | £7 | £2 | £15 | |||
| Total Income | £32,004 | £3,704 | £7 | £15,500 | £0 | £100,002 |
£151,217 | |
| 2021/22 Project Costs | £3,110 | £50,209 | £53,320 | |||||
| Total Costs | £0 | £3,110 | £50,209 | £0 | £0 | £0 |
£53,320 | |
| Closing Balance | ||||||||
| 31/03/22 | £72,358 | £17,006 | £52,802 | £15,500 | £10 | £100,002 |
£257,679 |
Page 4 of 5
– WCSF AGM Trustees Annual Report Year Ended 31/03/22
The financial year 21/22 has been a far better one than last year when activity and trading was so impacted by the C19 pandemic. Income streams have returned to normal levels allowing dividend income to be received from Sport Wotton Ltd. The impact of the agreed pitch pricing has now fed through this has increased the dividend yield from Sport Wotton Ltd significantly, allowing a large transfer to the sinking fund for the replacement of the all-weather pitches. There is still a significant shortfall, but this is a huge improvement. A pitch price review is underway for the new season starting 01/09/22, these will need to increase, but it is hoped on a lower scale than last year. It must be noted that hire costs for floodlights may increase additionally, when required, dependant on energy prices as we cannot afford to subsidise these for users.
We have been very fortunate to win the Persimmon Building Futures £100k first prize. Thanks must go to Mike Marshall for entering WCSF into the competition and all those who voted for us. It is a major boost for the “New Barn Project”. Mike has continued his tenacity to chasing down funding, a further £15k boost toward the adult pitches fund and his continuing work in securing funding from Renishaw is amazing.
After removing income for grants and projects form the P&L, WCSF achieved an in-year surplus of £31,182, which allowed £32k to be moved into the sinking fund.
Finally, I would like to thank Barnaby Beere for his unstinting work for Sport Wotton and WCSF, he has worked so hard and supported me so well as I have tried to come to grips with all the aspects of SW and WCSF, you will be greatly missed.
Carl Jenner
Treasurer 13/06/22
Page 5 of 5
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