TORQUAY UNITED COMMUNITY SPORTS TRUST LTD
(a company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2025
Company registration number 06618877 Charity registration number 1125138
Torquay United Community Sports Trust Ltd
| Contents | Page | |
|---|---|---|
| Reference and Administrative Details | 1 | to2 |
| Trustees Report | 3 | to5 |
| Independent Examiners Report | 6 | |
| Statement offinancial activities | 7 | |
| Balance Sheet | 8 | |
| Notestofinancialstatements | 9 | to15 |
The following pages do not form part of the statutory financial statements
Statement of financial activities per fund 16 to 17
1
Torquay United Community Sports Trust Ltd Company Information 1 July 2024 to 30 June 2025
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Charity|Name|Torquay|United|Community|Sports|Trust|Ltd|
|Incorporated|in|England|on|12|June|2008|
|Charity|registration|number|1125138|
|Company|registration|number|06618877|
|Operational|Address|The|Ground,|Warbro|Road,|Plainmoor,|Torquay TQ1|3PS|
|Registered|Office|Torquay|United|AFC|Warbro|Road,|Plainmoor,|
|Torquay TQ1|3PS|
|Trustees|Simon|Baker,|Director|
|Jon|Shelley,|Director|
|Simon|Wilson,|Director|
|Anthony|Jordan|Director|
|Robert|Dickinson|(appointed|1|August|2024)|
|Secretary|
|Management Team|Matt|Anthony|
|Solicitors|Wollens|at|Habourside,|67|The|Terrace|
|Torquay TQ1|1DP|
|Bankers|The|Co-operative|Bank,|PO|Box|250,|Delf House|
|Southway,|Skermersdale WN8|6WT|
|Independent Examiner|Robert|Loxton|
|Accounts|Investigations|Limited,|8|Queensway|Crescent|
|Shiphay,|Torquay TQ2|6DH|
----- End of picture text -----
2
Torquay United Community Sports Trust Ltd Trustees' Report 1 July 2024 to 30 June 2025
The trustees submit their report and the unaudited financial statements for Torquay United Community Sports Trust Ltd for the year to 30 June 2025.
The financial statements have been prepared in accordance with the requirements of the Companies Act and the Statement of Recommended Practice on accounting and reporting for charities (revised 2005).
Structure, Governance and Management
The charity (number 1125138) is a company limited by guarantee (Number 06618877) incorporated 12 June 2008 and governed by its memorandum and articles of association. The charity is run by a board of trustees, who are also directors for the purposes of the Companies Act and who are named at the front of this report. The Trustees meet at least once a quarter throughout the year to evaluate, to review activities, financial performance and for forward planning. Day to day running of the Trust is handled by the Management Team, who liase frequently (and are linemanaged) by individual Trustees and report at Trustee Meetings.
Objectives and Activities
The Charity's objectives are for the benefit of the public generally and in particular the inhabitants of Devon and its surrounding areas:-
to promote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health.
To provide and assist in providing sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interest of social welfare and with the object of improving their conditions of life and to advance the education of children and young people.
Torquay United Community Sports Trust Ltd provides a wide range of activities throughout South Devon helping people to achieve a healthy, active lifestyle. We aim to inspire people to reach their full potential using fun and friendly activities.
Mission Statement
Torquay United Community Sports Trust exists to provide opportunities for all sections of our community, using sport and healthy living to drive up aspiration and participation.
We pride ourselves in showing professionalism in everything we do, offering a consistent quality service, building new partnerships across the community and working closely with Torquay United Football Club.
It is a great honour to be the charitable arm of Torquay United, celebrating the rich history of our football club, while forging a new and inclusive relationship with the whole community.
We want to grow engagement with all sectors of society and use the incredible power of sport to inspire people of all ages and abilities to reach their personal goals.
3
Torquay United Community Sports Trust Ltd Trustees' Report 1 July 2024 to 30 June 2025
Other activities we run
Football holiday courses Girls specific Football Sessions FA Wildcats programme Special football sessions for private groups Birthday parties Special needs events/tournaments Weekly Disability Football National League Trust Community Cups boys and girls Fundraising for local schools, clubs and charities Social Inclusion Project Healthy Lifestyle Programme Respect Sessions Multi Sports Sessions PE Lessons Premier League Primary Stars Programme PPA Cover in schools Extra curricular clubs
Financial Review
There was a deficit for the year of (£6,197)
Reserves —
At 30 June 2025 the charity had reserves of £12,609. The trustees intend to maintain sufficient reserves to meet the ongoing expenditure of the charity and the amount held at 30 June 2025 was believed to be sufficient.
Public Benefit Statement
In setting our objectives and planning our activities the trustees have given consideration to the Charity Commission's guidance on public benefit.
Method of recruitment and appointment of trustees
Trustees are recruited from within the local community to reflect the different aspects of sports, finance and general business. Currently we have six trustees but are actively seeking to increase this to seven. Appointments are made at a trustees' meeting using normal voting procedures.
Small Company provisions
This report has been prepared in accordance with the small Companies regime under the Companies act 2006.
4
Torquay United Community Sports Trust Ltd Trustee’s Report 1 July 2024 to 30 June 2025
Trustees
The trustees who served during the period are listed under the Company Information at the front of the Annual Report.
Approved by the Board on 20 March 2026 and signed on its behalf by
Anthony Jordon Trustee
5
Independent Examiner's Report to the Trustees of Torquay United Community Sports Trust Ltd
I report on the accounts of the company for the year ended 30 June 2025 which are set out on pages 7 to 15.
Respective Responsibilities of Trustees and Examiner
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to examine the accounts under section 43 of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commission under section 43 (7) (b) of the 1993 Act and state whether particular matters have come to my attention
Basis of Independent Examiners Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination no matter has come to my attention.
(1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006 and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice Accounting and Reporting by Charities have not been met or
(2) to which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Robert Loxton - Independent Examiner Accounts Investigations Limited 8 Queensway Crescent, Shiphay, Torquay, TQ2 6DH
Date 20 March 2026
6
Torquay United Community Sports Trust Ltd
Statement of Financial Activities (Including Income and Expenditure Account) for the year ended 30 June 2025
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | |
| Incoming resources | |||||
| Incoming resources from | |||||
| generated funds | |||||
| VoluntaryIncome | 2 | 58,458 | - | 58,458 | 74,283 |
| Activities for generating funds | 4 | 345,114 | - | 345,114 | 168,192 |
| Investment Income | 5 | 132 | - | 132 | 144 |
| Total incoming resources | 403,704 | - | 403,704 | 242,619 | |
| Resources expended | |||||
| Costs ofgenerating funds | |||||
| Fundraising trading costs | |||||
| ofgoods sold and other costs | 6 | 409,076 | - | 409,076 | 243,392 |
| Governance costs | 6 | 825 | - | 825 | 750 |
| Total resources expended | 409,901 | - | 409,901 | 244,142 | |
| Netmovements in funds | (6,197) | - | (6,197) | (1,523) | |
| Transfer offunds | 11,954 | (11,954) | - | - | |
| Reconciliation offunds | |||||
| Total funds brought forward | 6,852 | 11,954 | 18,806 | 20,329 | |
| Totalfundscarriedforward | 12,609 | - | 12,609 | 18,806 |
The notes on pages 9 to 15 form part of these financial statements
7
Torquay United Community Sports Trust Ltd (Registration number :06618877) Balance Sheet
as at 30 June 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|£|£|
|Fixed|Assets|
|Tangible|assets|11|148|198|
|Current|Assets|
|Debtors|12|8,727|1,740|
|Cash|at|bank|and|in|hand|11,074|23,456|
|19,801|25,196|
|Creditors:|Amounts|falling|
|due|within|one|year|13|(7,340)|(6,588)|
|Net|Current|assets|12,461|18,608|
|Net|Assets|12,609|18,806|
|The|funds|of the|charity|
|Restricted|funds|in|surplus|-|11,954|
|Restricted|funds|in|deficit|
|Restricted|income|fund|-|-|
|Total|restricted|funds|-|11,954|
|Unrestricted|funds|
|Unrestricted|income|funds|12,609|6,852|
|Total|charity funds|12,609|18,806|
----- End of picture text -----
For the financial year ended 30 June 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small Companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008)
Approved by the Board on 20 March 2026 and signed on its behalf by
Anthony Jordon Trustee
The notes on pages 9 to 15 form an integral part of these financial statements
8
Torquay United Community Sports Trust Ltd
Notes to the Financial Statements
for the Year Ended 30 June 2025
1. Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2005) issued in March 2005 the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Companies Act 2006
Fund Accounting Policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity
Restricted funds are those donated for use in a particular area or for specific purposes the use of which is restricted to that are or purpose
Further details of each fund are disclosed in note 17
Incoming resources
Voluntary income including donations and grants that provide core funding or are of a general nature is recognised where there is entitlement certainty of receipt and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to the category.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Governance Costs
Governance costs include costs of the preparation and examination of the statutory accounts the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Fixed Assets
Individual fixed assets costing £0 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value over their expected useful economic life as follows:
Plant and machinery including motor Vehicle
25% reducing balance
9
Torquay United Community Sports Trust Ltd Notes to the Financial Statements for the Year Ended 30 June 2025
continued
Operating leases
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
10
Torquay United Community Sports Trust Ltd
Notes to the Financial Statements for the Year Ended 30 June 2025 continued
| 2. Voluntary income |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Donations and legacies | ||||
| Donations | - | - | - | - |
| Grants - other agencies | ss | s | : | |
| Subscriptions and Fees | ||||
| Clubs and Courses | - | - | = | - |
| Sponsorship | 9,458 | - | 9,458 | 4,850 |
| Other Income | - | - | = | - |
| SouthDevon College | - | - | - | - |
| 9,458 | - | 9,458 | 4,850 | |
| Grants | ||||
| Grants - other agencies | 49,000 | - | 49,000 | 69,433 |
| 58,458 | - | 58,458 | 74,283 | |
| 3s Grants receivable |
||||
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | ie | £ | + | |
| Grants - other agencies | 49,000 | - | 49,000 | 69,433 |
| Government | - | a | e | <5 |
| 49,000 | “ | 49,000 | 69,433 | |
| 4. Activities for generating |
funds | |||
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Operating activity | ||||
| Subscriptions and Fees | ||||
| Clubs and Courses | 345,114 | - | 345,114 | 168,192 |
| Sponsorship | - | - | - | - |
| Sale ofMotorVehicle | - | = | 23 | = |
| 345,114 | - | 343,114 | 168,192 |
11
Torquay United Community Sports Trust Ltd
Notes to the Financial Statements
for the Year Ended 30 June 2025
continued
| 5; Investment Income |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Intereston cash deposits | 132 | - | 132 | 144 |
| 6. Total resources expended |
||||
| Operating | Governance | Total | Total | |
| Activity | ||||
| 2025 | 2024 | |||
| £ | £ | £ | £ | |
| Direct costs | ||||
| Employment costs | 263,185 | - | 263,185 | 170,356 |
| Repairs and maintenance | 1,123 | - | 1,193 | 976 |
| Advertising Printing posting and stationery | 2,989 | - | 2,989 | 2,580 |
| Subscriptions and donations | 1,339 | - | 1,339 | 1,695 |
| Facility Hire | 67,115 | - | 67,115 | 34,258 |
| Sundry and othercosts | 3,412 | - | 3,412 | 3,882 |
| Club and course expenses | 52,470 | - | 52,470 | 17,956 |
| Motor Expenses | 16,462 | - | 16,462 | 10,742 |
| Accountancy fees | 34 | 825 | 859 | 7718 |
| Legal and Professional costs | 897 | - | 897 | 856 |
| Bank Charges | - | - | - | - |
| Depreciation oftangible fixed assets | 50 | - | 50 | 63 |
| 409,076 | 825 | 409,901 | 244,142 |
7. Trustee's remuneration and expenses
During the year, no remuneration was paid to the Trustees (2024 - £NIL)
No expenses were reimbursed to the Trustees (2024 - £NIL)
12)
Torquay United Community Sports Trust Ltd Notes to the Financial Statements for the Year Ended 30 June 2025
continued
| 8. | Net Income | ||
|---|---|---|---|
| Net | income is stated aftercharging | ||
| 2025 | 2024 | ||
| £ | 2 | ||
| Depreciation oftangible fixed assets | 50 | 63 | |
| 50 | 63 |
9. Employees’ Remuneration
The average number of persons employed by the charity (including trustees) during the year, analysed by category was as follows:
| 2025 | 2024 | |
|---|---|---|
| No | No | |
| Charitable activities | 25 | 12 |
| Governance | . | . |
| 25 | 12 | |
| The aggregate payroll costs ofthese persons were as follows | ||
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 253,755 | 164,702 |
| Otherpension costs | 9,430 | 5,654 |
| 263,185 | 170,356 | |
| 10. Taxation |
The company is a registered charity and is therefore, exempt from taxation
13
Torquay United Community Sports Trust Ltd Notes to the Financial Statements for the Year Ended 30 June 2025 continued
It. Tangible fixed assets
| It. Tangible fixed assets |
||
|---|---|---|
| Plant and | ||
| Machinery | ||
| including | ||
| motor vehicle | ||
| £ | ||
| Cost | ||
| As at 1 July 2024 | 3,881 | |
| Additions | ws | |
| (Disposals) | - | |
| as at 30 June 2025 | 3,881 | |
| Depreciation | ||
| As at 1 July 2024 | 3,683 | |
| Charge for the year | 50 | |
| (Disposal) | - | |
| As at 30 June2025 | 3,733 | |
| Net Book Value | ||
| As at 30 June 2025 | 148 | |
| As at 30 June 2024 | 198 | |
| 12 Debtors |
2025 | 2024 |
| £ | £ | |
| Trade Debtors | 8,727 | 1,740 |
| 13. Creditors Amount falling due within one year |
||
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 7,340 | 6,588 |
| 14 Membersliability |
The charity is a company limited by guarantee and has no share capital in the event of winding up
14
Torquay United Community Sports Trust Ltd
Notes to the Financial Statements
for the Year Ended 30 June 2025 continued
15; Pension Scheme
Defined contributions pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £9,430 ( 2024) £5,564
16. Related parties
Controlling entity
The charge is controlled by the trustees who are all directors of the company.
17. Analysis of funds.
| Atl | July | Incoming | Resources | At 30June | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | = | £ | £ | ||
| General funds | |||||
| Unrestricted income fund | 6,852 | 403,704 | (397,947) | 12,609 | |
| Restricted Funds | |||||
| Restricted income fund | 11,954 | - | (11,954) | - | |
| 18,806 | 403,704 | (409,901) | 12,609 | ||
| 18 Net Assets by fund |
|||||
| Unrestricted | Total Funds | Total Funds | |||
| Funds | 2025 | 2024 | |||
| £ | £ | £ | |||
| Tangible assets | 148 | 148 | 198 | ||
| Current assets | 19,801 | 19,801 | 25,196 | ||
| Creditors amounts falling due withinone year | (7,340) | (7,340) | (6,588) | ||
| Netassets | 12,609 | 12,609 | 18,806 |
15
Torquay United Community Sports Trust Ltd Statement of financial activities by fund Year Ended 30 June 2025
| Unrestricted | Unrestricted | |
|---|---|---|
| income fund | income fund | |
| 2025 | 2024 | |
| £ | £ | |
| Incoming resources | ||
| Incoming resources from generated funds | ||
| Voluntary income | 58,458 | 74,283 |
| Activities forgenerating funds | 345,114 | 168,192 |
| Investment Income | 132 | 144 |
| Total incoming resources | 403,704 | 242,619 |
| Resources expended | ||
| Costs ofgenerating funds | ||
| Costs ofgenerating voluntary income | ||
| Fundraising trading cost ofgoods sold and other costs | 409,076 | 243,392 |
| Governance Costs | 825 | 750 |
| Total resources expended | 409,901 | 244,142 |
| Netmovements in funds | (6,197) | (1,523) |
| Transfer offunds | 11,954 | - |
| Reconciliation offunds | ||
| Total funds brought forward | 6,852 | 8,375 |
| Totalfundscarriedforward | 12,609 | 6,852 |
This page does not form part of the statutory financial statements.
16
Torquay United Community Sports Trust Ltd Statement of financial activities by fund Year Ended 30 June 2025 continued
| Restricted | Restricted | |
|---|---|---|
| Income fund | Income fund | |
| 2025 | 2024 | |
| £ | £ | |
| Incoming resources | ||
| Incoming resources from generated funds | ||
| Voluntary income | - | - |
| Activities forgenerating funds | - | - |
| Total incoming resources | - | - |
| Resources expended | ||
| Costs ofgenerating funds | ||
| Costs ofgenerating voluntary income | - | - |
| Fundraising trading cost ofgoods sold and other costs | - | - |
| Total resources expended | - | - |
| Net Movements in funds | - | < |
| Reconciliation offunds | ||
| Total funds brought forward | 11,954 | 11,954 |
| Transfer offunds | (11,954) | - |
| Totalfundscarriedforward | - | 11,954 |
This page does not form part of the statutory financial statements.
17