Registered Charity Number 1128980 Registered Company Number 06817457 Stubs Limited Report and Accounts For The Period Ended 30 April 2024 Stubs Llmltod Report and accounts Contsnts Page Charity and Company infomation Trustee's Report Stslemenl of Directors'rrfUStees ResponslJ"lrties Accountsnt's report Stslement of Financial Activities Income and Expenditure account Slalement of total reeognised gains and losses Movements in Accumulated Funds 88lance sheel Notes to the accounts 9-11 Stubs Umlt•d The report of the trustett fr>r thè y•ar •nd•d 30 Aprll 2024 Introduc￿0￿ The trustees pre$eni thgir •nual report aThJ ac£cvJnts tsr per￿1 end8d 3th April 2024 The board of trusts•s arts $atisW wrth Ihe pertomlarts of the ch•nty during th8 ￿ri(￿j and Ihe Srtion at 30th ￿￿12023 consthr that the chanty i% In a gocrfj PL￿￿on to contynue rts a￿￿￿5 duang ts coming yoar. 8￿j that thartys assets aro adoquats to flir￿ rts 0￿￿rts. Name. r¢gi$t•r¢d *)ffi¢• •nd ¢onstitirtton of th• ¢harlty Tho full name of1￿ ¢*arity o Stybs L¥nrt&J. The ¢horty is abo krThi by Ihe n*n• Sbjbs. The k8gal reg￿trat￿)n detaits arv:_ Do18 orin¢(xp￿lK Company Registr8tion MI￿￿r The RegistergLI Offth 1$ ClJ8nty R*gistr81￿ Numtfr The ieleplk)ng numberis C6817457 Larg* Hou*. T￿￿¢X RoTrJ. M￿h 8Lbc*s. HPIS 7PA 1128980 01494 811 Objectives and ktivitio of th• Chaiity A summary of th• obiocts of th• ¢h•rity ￿ ••t 0￿1n its gov•rnln9 doeum•ftL To o$Sl$t m8mb8rs or frn member ol the arn￿ fLYc85 Ywho ¥• in by vak* of SKkw, disabilty or linanual hardship by Ihe provi%iM ol evdnl b&eis or knpitalty facdit*S at evertts. with a view to facilrtabng their rehabilitatW 8nd *tll tRiryJ. Publ1¢ b•n•fft thai 1$ provld¢dby Ihe charfty Th• charty believes that the￿ is a svjnrf￿nt PL*Jl¢ t￿fjfit ￿ Wirvj m*nb8ts aTrJ forn members of the arTned semces rB-Integraie ba(* into gertr¥l sc¢th fft a gradual way through attendin9 events IpartKukty Ihose ol a sporbng nabjrel. Structure, Governan￿ and Man•9ement N•tur• ofth• Gov•ming DOcum￿tand constitution of the ch•rtty The memorandurn aTrJ arW8s of a55￿￿1th)n of thè Company att as It* govamiry rJ￿ment and its consb'tubon. The method5 adopted for th• rncrullment •ftd appolnth•nt of new Iwst•es New tIU5tees are re¢rurted by lh• exk4tm9 IW$tees aftet ffttervi**i past a¢h*%*ments aThd th8W POtenb81 future conlrthtkn to the tha& arnl ts wi(*r Finan¢io1 R•vl8w Polici•s on rvsefves The trustees ha￿ deoded on an wiib•l poky ￿ Iv5erN*s Ih•t 8h)u+J law thè tYJik1￿P of reseNe$ 10 cover a yearf5 offic¢ runnmg costs these ar* earfy st•ags ￿ the thanty. the time-frame lo aCh￿￿e thi4 tsrgei has not t4en finaltsed. Ptye1 Stubs Llmlt•d Th• rgport of th• tru*t•es for the y•ar •nd•d 30 Aprfl 2024 Avallablllty and •d8quacy ol&wets ol••ch of th• fvnds The twrd of tw$tee$ L4 ¥atsf*d Ihat the 8980ts in èach fvr￿ arn a￿labl* and 8d8quale lo fuhll its oblbJabJns in TvsF•ct of eath bjnd. Trnns•ctions and Fift•n¢lJlposlllon The financAal ststements afe sei out on p8g8s 6 to 15. Thè fmanc*l S1•t￿￿￿tr ha¥e t pared Impbmentsng the 2WS RevoKJn ol Ihe Sts¢emenl of R•commer¥knJ Pra(ttt f( Accountsng and Reporbry by charit￿ by the Chatrfy Cunrns&on for EryJLgTrS and Wa￿9 Irew88d in Juw 2¢￿8> and in accordan¢* wrth tho Fmanual ReFth"ThJ Stsndard for sMal￿r Entitw leffectNt April 2CA)81.A8 $ts¢e4 ￿ the mtrc*JUCt￿ to ths rw)rt. tt* trusteol con$kkn the fmarrial perforyn3nc8 by the chlity duriry tt* ￿#r to ha¥9 5atsf&tuy. The siatement of Financkql shjw r*t ￿jtgOin9 resouK•s trK Ihe F¢roJ of a rg¥gn nature of £5.083 net ￿81￿ed outyoin9 reX￿r￿ ol a ¢aptsl nature d £ nil, makir4 overall realised oulgoir¥J rnstsJrc•s 01 £5.C63 Thtr total at end aftw accounb"r#J for It8su ol £ nil, stsnd at £69.$30. Fw unrestricted re88Th*8 amountsd to £ 69.530. Sp￿ifiC changes in fix•d •ss•ts There hava mob*ments assets. The ccKnoany limited by ouarantee therefore has no share CW The nam• of the Chief Executi￿ Officer and othef senior •tsff mèmbèrf#l to whom day to day management of the chority i• dele9Oted by the charity tr￿t•￿. C Vsssva Stuh Llmli•d Th• r•port of th• trustaes for the y•ar •nd•d 30 Aprbl 2024 Th• m•mb•rn of the 8oard of Trust•￿ of the Charfty duriry thp period •nd•d 30th AprS12024 were :. Cvas 1 th8 tlire¢tDrs of the cfmpany are a￿0 truslees olthe c*anty. aTrJ their responstitrt*s indude all the responsibilit￿ gf directors uTrJ8r the cc￿pan*S kn aThl oltrusiee8 under ts Cttantses P￿ then appty u)1￿￿￿. . make I￿em￿nts estrnates thai are reasonabkn and kNutsnt'. afvj - prepare the finanoal Ststernefits on the wng Ccr￿M bas￿ unkns rt $ nappropna¢e to presume that the ¢haThty co￿n￿ in busY*ss. Stale whether applicab￿ accounts.rg standard5 5tstemellts ol Jmmended pract￿$ have tsen . suty.eci to any maknial departu￿$ disck6•J aThJ explained In finano81 $tst8ments. Twstees arg atso respJn8kn18 for mairrtaiThr¥J ad*Juate acc(yffitry Wh￿ dKkx• wth reasenab* aC￿Tr¢y at any time ts fina￿￿1 PDSthn of ts f*anty and whth are $ufficent to Sh¢￿ aThl exp*in the chartys transactions and t1￿ to ensure Ihal the financ￿1 statemenls comply with the comW￿ pl121￿ wth wulth"orY4 made undgr Chantses Act. They are also resFonsible fcf saf8guardry the assets of aTra I￿nce for taking r•gson•ble step for1￿ 8r*Y ¢*tecbon offr4￿j otl*r wrwrrtw. The tru$tses arg abo rg8r*Jnsibk lor￿ of ts trus*8s' reForL Method of preparation of accounts Thèsè acc¢AJnts hava b•on yaparèj in wth th8 wJ¥is¥M aFvhJble to C4Jnpan subject to the Small ¢tynpan*s ffjirne C Vass Director and TrLX%te• Pw3 Stubs Limilod Independent Accountanvs Report Report of th• Ind•pondent Accountant to th• tru8tee• on the a¢¢ounts of the Charlty tor the yoai ended 30 Aprfl 2024 We report on the financial statements of the chanty on pages 6 to 15 whth have been prepared in accordance in accordance with the Financial Reporb"ng Standard for Smaller Entities Ilhe FRSSEI effective April 2008. as modified by the Statement of Recommended Pra¢ts'¢e for Accounting and Rer(*1￿'ng iSSLted by the Chanty Commissioners for England & Wales, effe¢ltve April 2005 revised in June 2008, under the historical cost convenbon and the accounbng policies sel out on page 10. Respectivg r8sponslbllltl•s of dlrectorn and accountsnl As described on page 3, the charity's trustees are responsible for the preparation of the accounts. The trustees consider that the audit requirement ol Secbon 43121 of the Chanlies Act 1993 Ilhe Adl does not apply, and that there is no requirement In the memorandum and articles of the chanty for the conducting of an audit. and that the charity is exempt from an audit under Section 477 of the Companies Act 20¢%.The trustees also conS￿er the chanty to be exempt from the requirement to ts subject to Independent Examinatw)n. Our reswnsibility is to prepare accounts UF￿ the basis of the infom7atM)n SUppl￿d to us. No $tatemont of opinlon We have not carried out any audit Firocedufes and have relied upon informab.on supplwl to us by the tru51ees , and the informatbon suppled by the trustees in the course of the examination is not subjeeled to audrt tests or enquiries, and consequently we do not express an audit or other a55urance o￿n￿1n on the view g¢ven by the accounts. Morgan Keen Limrted 708 High Street Bassingt4)urn Royston Herts. SG8 5LF The dale upon which this report wa$ ¢omFAeted is :. 24th January 2025 Page 4 Stub8 Limited Statement of Financial Activities for the year ended 30 April 2024 Unr••trl¢W RMtri¢t•d Totsi FuRd• Fund• Fund• Total Fund• 2024 2024 2024 2023 Incomlng resour¢o$ Incomin9 resources from g•n•rntgd lunds Voltjntary Income 43.350 Totsl incomlng rosources 43.360 Costs of charitsble acOvStl•s Govamanc• costs 34.697 34.697 11.717 2￿* Total r￿Our¢￿ oxpondod 34.983 12,007 Net incoming resources b•for• transforn bthoon funds 15.0831 31,343 Gro$$ transfers betwoen funds Net incoming rnsovices ￿fOr* Other r•cognised gains and lossés 15.0831 15.0831 31.343 Other recognised gains and losses Net movement in funds 15.0631 15.0831 31.343 Reconciliation of funds Total funds bmught fonvard 74.613 74.613 43.270 Totsl Funds carried forward 89,630 69.530 74,613 The net movement in fijnds refe￿ed to above ts the net ir￿orning fesources as defined in the Statement of Recommended Practs'ce for Accountsng and Rep¢)rb'ng issued by the Charity Commission for England & Wales and is rec4)ncilefJ to the total furKls as slb)wn in the Balance Sheet on page 9 as required by the said All actlvbtlgs der5v• from contlnulng op•radons Tho not98 on pago$ 10 to 15 f¢•mi an Intsgr*l of th0•0 a¢￿1n Page 5 Stub• Limited Statgment of Financial Activities for the year ended 30 April 2024 Income and Expenditure A¢¢ount as required by the Companies Act for tho year ended 30 Aprll 2024 2024 2023 Turnover 43,350 Dired Gosts of turnover 34,697 11,717 Gro8¥ surplus 14,7971 31,633 Govemance costs Op•Trtlng surplu• 15.0831 31.343 Surplus opn ordinary activitM b•forn tsx 15.0831 31.343 Surplus for th• flnanclal yoar 15.0831 31.343 Grfi Aid Payments Rgtsln•d surplu• for the financlal ywf 31.343 All activities d•riv• from c¢)ntlnulng oporaoons Th• not•s on pag•8 10 to 15 foffli an intsgrnl part of th••e •￿)￿nI% Page 6 Stubs Limitod ststement of Financial Activities for the year ended 30 April 2024 ststement of Total Reco9nised Gains and Loss•s for the year ended 30 April 2024 2024 5.083 1S.Q831 2023 31,343 31.343 Excess of Income over Expenditure realisatson of assets Profrt per Profft and Loss account Grants for the acquisiti￿ of fixed assets Not Movomont In lunds hfor• taxatlon 5.083 31.343 Movements in revenue and ¢apltsl funds for the year •nd0d 30 April 2024 Revenue a¢cumulat•d funds Unr•Jtrici•d R•*twkt•d Totsl F￿dI Fund• FutKI• 2024 2024 2024 Accumulated funds brought forward Recognised gains and losses beth transfers 74.613 5.(W3 69.530 69.530 74,613 5.083 69.530 89.530 Closlng rov•nu• ac¢umulatsd lund• Th• notss on pag95 10 to 15 fomi an Intsgrnl part of accounts. Page 7 Stubs Llmtted Company NUrn￿r Balan¢e Shèet as at 30 Aprll 2024 Lk8817457 2024 2023 Th• au•ts and Ilabilili•s of th• cl•.. Flx•d a8*0ts Tangible assets Total fix•das$•ts SC Curr•nt a•￿ts Cash al bank and in hand 81,149 86.232 Cr•dllor8:. amounts due ¥￿thin y8ar 112.1191 112,119) N•t eurrnnt ass•ts 89,030 74.113 Total ass•ts l•ss current li•thlltie¥ 69,53) 74.613 Crndltor5:. amounts due after ihan one year Net assets In¢ludlng ponslon auot I Ilablltty 69. 74.613 Th• funds of the ¢harlfy.' Unr••trlct8d Income fvnd• Unrestritxed revenue accumulatod ftmds Designated revenue lunds Unr•stri¢tsd capllal funds Designated fixed asset fund5 Total unmtrl¢tsd lunds 74,613 69.5 74.613 Total rnJtrict•d fund• Total charlty fund8 74.613 The difeclors arn 5atstsd that for tt* year in q￿t*)n tr* chari*b* coryany was ents.tsd to exempt￿￿ frDm Ihe requirement lo ckntain an audit urthr s8cl*)n 477 of Ihe Cryn*s ALX 20Cfj a￿1 that t)0 ft￿Mb￿r or ftwnter5 ha%* uired fxJmpaTry to obtain an of ts ac£4wnts for Ihe ￿ar In 4￿5￿"0n in attwdaTh* wth S•¢boft 47fj of the Th• diractors aL*nokn%* tsT"r ￿SpOr￿lbrfty lor ¢Unp￿"r8 *rfh the fBwNBm•nts of the Comp8ni95 Act 2C(fj wrth respect to acmuntsng records anol th¢ Fyeparabon ol acwjnts. Th¢ 8ccounts have yepar•J in wrth Ihe w0vr5￿￿5 in Part 15 of the COwn￿5 Act 2006 applicable to compan￿$ subjec¢ to ts smo11 c¢vnponw in aD)JrdaKe wilh the FirwKial R8wb"rva StsThJard for Sm8l*r Enbt*s l effect￿4*nI20oa> C Va88ie TfU$tee Approved by the board of trustees on 24 January 2025 The notes on pages 10 to 15 form an integral part of these wwnls. Stub$ Llmlt Notes to the Accounts for tho y•ar ondod 30 April 2024 1 Accountlng poll¢l•8 Basls of prep•rndon of the Kcounts Th8 finanaal slatements hav6 been prepared in acoydarK4 tAryth the F￿arKI01 Repor Standard for Smal￿r Entrt￿8 IFRSSEI, effe￿ Apnl 2LK)8, and all Ot￿r applicabk acA￿nts"n9 $tandard5, ag by the 2CK)5 Rewsion of Ihè Statement of RecxynmeThJed pract￿ for Accounting and Reporting Is$(￿d by the Charrty comm￿￿Thr$ lor ErKJk2ThJ & Wales, i￿¥￿$td June 20081. The aC￿unts have been dra¥¥n w) in a¢xordanc• the prOvtsK￿$ of Chant*s IActounts and Reports) Regulat￿n$ 21X8 and the compan￿ A¢ls. and indude the re5uIt8 of the ¢hantl$ operations which are described ws the Truslees, Report. of whic* a￿ cKJnb"nuirvJ Insofar as Statement of Recomrntnded Pracbce fcrf Acccrtjntry and Rewfh'ng iswed by the Chanty Commissioners for Englafid & Waks. Ire¥tsÈd June 2CI)81 r￿Ul￿ wipIian￿ wth specffic Finanoal ReportiTrJ Stsndards other than tha FRSSE then speofK Finanoal Rewrting Standards have been foll0v￿d *knere thw"r wu￿r￿ents dilkr those of the FRSSE. Advantage has been tsken of Section 396151 of The Companes Ad 2006 lo the fom)at of the financial staternents to bo aaptad to refioei the sreoal nature of the tharitls operation and in order lo comply Ihè wuThrents of the SORP. Thtr ehanty has taken advantage of the exemgtk)n in the FRSSE frrffj the rtyuirtm•nt 10 wtyJuc* cash flow ststement. Th• part￿￿k￿r ac¢))untiNJ polrAs •dopW are set rxrt bekx. Accounllng conventi¢>n The finantsal statements are Fyepared, on a wrvJ I))rK￿ l)W, L￿der histoital o)st tonvenl#)n . In¢omlng Resourc•s Incomin9 resour￿5 3r8 ac£ountèd for a r•téw4)le bw"& Flx•d assets and d8pr•ci•lion All tangib4e fixed assets, except freehok1 laThl buihliNJs. a￿ slaw at cos¢ kss depreuatson. Freehohy Land and buikjings arn $￿ted at a valu*"on arrrye(18t by a ￿￿fe$S￿allY qualifEd firm of valu815. who valued th8 assets on ts bass ofcsJ8n martelvak* in otrrent Item5 tsf less than £1LYJ a￿ not cak*tsliS￿. Deprecialp)n has L*en prowded at the followrrfJ Trtes ￿ ¢yder to off the assets Ikss their estimated regiduzl value l over th*r e5trnated usgfv18ceM￿ Ives. Plant and machinery 25% stra*Sbt line Stubs Limited Notes to the Accounts for tho year ended 30 Aprll 2024 Taxation As a registered ¢hanty, the company is exempt from income ar￿ corporakn.on tax lo the extent that its incorne and gains are applicab￿ to charitable purwses only. Value Added Tax is not recoverable by the eompany . and is therefore included in the relevant costs in the Statement of Financial A¢b"vib"es. Funds Structure policy The charity maintains a general unrestricted fund which ￿p￿sents funds whth are expendable al the discretion of the ITUStees in frjrtherance of the objects of the charity. Such funds may be held in order to finance both woTkin9 caprtal aTrJ Caprtal investment Restricted funds have been provided lo the charity for partJ"cular purposes. and il is the policy of the board of trustees lo carefully the monitor the appI￿at￿n of those funds in a¢cordance with the restrictions placed ijpon them. A fixed asset fund is maintained whth rep￿sents the written down value of tangible fixed assets. and 15 divided into a restricted fixed asset fund represenbng the written down value of those assets subject lo restrictions, wth the baLgnce being in a designated fvnd rep￿SentIng the written down value of those assets free of restriclions. The detailed operation of these funds is described under the xcounling policy ' Capital grants. There is no formal policy of transfer betsyeen furmls or on the alkKatw)n of fvnds lo designated funds, olheT than that dexribed above. Any other proposed transfer totsveen fvnds would te considered on the particuLar circumstances. 2 Wlndlng up or dlssolutlon of the charfty If upon winding up or dissolution of the charty theTr ￿rna1n any assets, after the satisfaction of all debts and liabilitse5, the assets represented by the a¢cumulated fund shall be transferred to some other charitable bc*Jy or bodE$ having similar objeds to the charity. Funds belonging to the charity have not been used for the pu￿hase of insurance to protect the chanty from loss arising from the neglea or defaults of its truslees, employees or agents, or to indemnify its trustees, employees or agents. against the consequences ol any neglect or default on their part. The sum expended on suth insurance was as indicated in the above schedule. 3 Statement that no expense8 wern pakl to tru8te•s or ¢onn•ctod pfrr8on• No expenses were paid to trustees or Fersons connected wrth them. Page 10 Stubs Llffllted Notes to the Accounts for the year onded 30 April 2024 4 Dgtslled anolpl• of c•rtaln tr•n•aetloM rnqulr•d by th? 2006 Y•vl•lon to th• Stat•m•nt ol R•comm•nd•d Pracllce for Accountlng and R•portlng 18•u•d by the Charfty Commls•lonern for Engl•nd & Wale• leffgcllY• Awll 20051 Variou5 rtern5 which aré rèquiréd by the 2(X)5 revLSK)n to thè Stal￿an1 of R•eomm•ndwl Praclice lor AccountirvJ and Reporbw ISS￿ by tha Chanty Ccfflmissiwrs for England & WaK•s (revised June 20081 to be dKsclos8d In the to ￿cOunt$ a￿ set out in the Detaikd Schedub to Ihe Statement ol Finawal A¢b'ths and ts ¥Fendths , ¥th￿h should b8 read tcsether wrth not¢s. S Tn￿t•￿' R•mun•ratlon Neither the trust8¢$ nor any F4rsM$ rmn¢¢*d vthh them have feceNed any remunerab"on, either in the current y*¥r or the pnoryear. 6 Cr•dknr¥: •mounts falllng due wllhln one y￿r 2024 2023 Creditors Acuued expenses 12.119 12,119 12.119 12.119 7 Anaty•l• ol the N¢t M0vw￿nI In Fund• XJ24 2023 Nd movement in fijnds fforn Statement of Finanoal 31.343 8 P•rtl¢ularn of Indlvldual Fund• and anaty818 gf *•o•ts and Il•bllltl•s reprM•ndnq fund• At 30 Aprfl 2024 Unmtrlctsd O••lgn•t¢d RO*trlcted Tol•l funds fund8 nds Fund• Tangible Fixed Assets Current Assets Current Liabilibes 81.149 112.1191 81,149 -12,119 69,530 9 Endowmgnt Fund8 The charty had no otsJowm¢nt lunds 10 Sharn Capltsl Th& chanty is incorporated undef the compan￿ Act 1985 and is Imrted by guarantee. each rnember having uThJ8rtok¢rt t¢* ¢Onth￿rt& su¢h amounts not èXCè8diro ona ￿nd 8$ mgy t¢ f8quired In the event of the CLynpany bery whlst he or she is sb'l a member ￿ ￿thin one year th8re8fter. There aro 2 members of lh¢ ¢￿￿PanY. Pay11