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← Maple Cross Club

2022-05-31-accounts

Company Number: 06119963 Charity Number: 1132293

MAPLE CROSS CLUB

Report and Accounts

for the year ended 31 May 2022

MAPLE CROSS CLUB

Report and Accounts

for the year ended 31 May 2022

INDEX

Page Number
1 and 2 Trustees’ (Director’s) Annual Report
3 Independent Examiner’s Report
4 Statement of Financial Activities
5 Balance Sheet
6 to 11 Notes forming part of the Accounts

MAPLE CROSS CLUB

Company Information

Company Number: 06119963

Charities Number: 1132293

Registered Office Enterprise House Beeson’s Yard Bury Lane Rickmansworth Hertfordshire WD3 1DS Director A D Coleman Secretary E Gomms Trustees A D Coleman E Gomms Accountants Dickinsons Chartered Accountants Enterprise House Beeson’s Yard Bury Lane Rickmansworth Hertfordshire WD3 1DS Bankers Barclays Bank Plc Leicester Leicestershire LE87 2BB

MAPLE CROSS CLUB

Trustee’s (Director’s) Annual Report

for the year ended 31 May 2022

The trustees present their report and accounts for the year ended 31 May 2022.

The accounts have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, and Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

This report is also a Director’s report as required by the Companies Act 2006.

Objects and Activities

The objects of the Charity are to benefit the residents of Maple Cross and West Hyde area and there has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Club should undertake.

Structure, governance and management

Maple Cross Club is a company limited by guarantee and a registered charity.

The club is run by a management committee which is headed up by A D Coleman, who is a trustee and director. The committee work together on arranging social activities for the residents of the Maple Cross area with committee members volunteering to run specific activities either individually or as part of a team.

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to date of signature of the financial statements were:

A Coleman Director E Gomms Secretary

Risk Assessment

In order to comply with the Statement of Recommended Practice for Charity Accounts (FRS 102) the trustees have assessed the major risks to which the Club is exposed, and is satisfied that systems are in place to mitigate exposure to the major risks.

Achievements and performance Financial review

It is the policy of the club 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 considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the club’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 Statement of Financial Activities for the year is set out on page of the account.

The result for the year is a deficit of £9,315 (2021: £3,923) on unrestricted funds of £237,780 (2021: £116,645).

The club benefited from £8,745 (2021: £37,226) of financial support from the government through grants.

Statement of Trustees’ Responsibilities

The trustees, who are also the directors of Maple Cross Club for the purpose of company law, are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

1

MAPLE CROSS CLUB Trustee's (Y)irector's) Annual Report for the yeg1' ended 31 May 2022 Cornpany law requires the trustees. to prepare accounts for each financial year, which giY¢ a true and fail. view of the state of affails of the chai"itable tompany and of the incoming re50urce5 and application of resources, ii)cluding the income and expeiiditure. of the charitable company for that yeai.. In prq)aring these accoun15 the Iruslees are requiiEd to.. Select suiiable accounting poli¢ie5 and then apply th¢m consistently: Observe the methods and principles in the Chai'ities SORP., Makejudgements alld estimates that Al'e I'easonable and prudent. PrepaTe the accounts on the going concern basis unless it is inappiDpriate to presume that the company will continue in busine55 The trustees are responsible for keeping pix)per accoutjting records which disclose, with reasonable accuracy at any time, tlie financial position of tlie company and to enable them to en5UTe the accounts have been ￿'OperlY prepared in accordance with the pi'ovisions of the Coinpanies Act 2006. They ale a150 responsible foi. safeguarding the assets of the company and hence for taking Irasonable steps for the prevention and detection of fraud and other irregularities. Legal and Adn]inistrative Informatlon The company is limited by gllarai)tee and has no share capital. Under the pi'ovisions of the COTnpany'5 tnemoiandum of association, each tnetnbei. would be required to contribute a suin not exceeding £ I for the paytnent of the debts of the ompany in the event of a deficiency of assets on a winding up of the company. The company is registered in England and Wales with company registration number 06119963, and is a registered charity under the Chai'ities Aci 2011 with registi'ation number 1132293. Trustee5 and Director5 The trustees who Served during the year wer¢.. A Coleman E Gomms The Directors have tak¢n advantage of section 477 of the Companie5 Act 2006 whsch ¢xempts the company from the requirement to have the accounts audited. The Company is Tequiird to have an Independent Examination in acwrdgnc¢ with the provisions in the Charities Act 2011. Accordingly. Dominic Cadei. FCA of Diekinsons, Chartered Accountants, was appointcd Indep¢nd¢nt Examiner. Trustte and Dlrector

MAPLE CROSS CLUB

Independent Examiner’s Report to the Trustees of Maple Cross Club

for the year ended 31 May 2022

I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 May 2022.

Responsibilities and basis of report

As the charity’s trustees (who are also the directors of the company for the purpose of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act”)

Having satisfied myself that the accounts of the Company are not required to be audited for this year under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the 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 material matters have come to my attention which gives me cause to believe that:

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 accounts to be reached.

Dominic Cader FCA Dickinsons Chartered Accountants Enterprise House Beeson’s Yard Bury Lane Rickmansworth Herts WD3 1DS

3 October 2022 Date: .............................................

3

MAPLE CROSS CLUB

Statement of Financial Activities

for the year ended 31 May 2022

Notes
Incoming Resources
Donations and legacies
4
Charitable activities
Social activities
5
Investments
6
Total Incoming Resources
Resources Expended
Raising funds
7
Charitable activities
Social activities
8
Total charitable expenditure
Other
10
Total Resources Expended
Net Movements in Funds
Reconciliation of Funds:
Total Funds at 1 June 2021
Total Funds at 31 May 2022		 Unrestricted
Funds
2022
£
8,746
229,034
-
237,780
243,091
204
243,295
3,800
247,095
(9,315)
69,822
60,507		 Total
2021
£
37,226
79,323
96
116,645
115,762
634
116,396
2,602
118,998
(2,353)
72,175
69,822

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure is derived from continuing activities.

The notes on pages 6 to 11 form part of these accounts

4

MAPLE CROSS CLUB Balance Sheet a5 At 31 May 2022 Notes ' 2022 2021 Fixed A5Set5 Tangible assets 152,903 158,969 Ciirrent Assets Stock Debtors Cash at bank and in hand 7,445 2,689 13,288 9.000 3,335 14,954 12 23,422 27,289 Creditors: Amounts falling due within one year 13 (32.721) (23.568) Nel current (liabilitie5)la5sets (9,299) 3,721 Total assets less current liabilities 148,980 162,690 Creditors Amout]ts fplling due after Tnore than one year 14 (83,097) {92,868) Net Assets 60,507 69,822 Reserves Uiirestricted Funds 60,507 69,822 For the fjnancial year ended 31 May 2022 the coinpany was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small coinpaiiies. The director acknowledges their respon.%ibilities for coinplying with the requirements of the Compallies Act 2006 with rcspe¢t to accounting records and thc piEpai'ation of financial statements. Tht members have not required the coinpany tr) obtain an audit of its f￿ancial statements for the year in question in accordance with section 476. Th¢se f]nancial statements have been prepaTed in accordance with the provisions applicable to companies subject to the small companies regime. Thef]nancialstatements wereappiDvedbytbeBoardon............................................ Trustee and Direetoi. - 4 Company Registration No. 06119963 The noles onpagay 6 to Jlform PlJTt ofihese oe¢ouNts

MAPLE CROSS CLUB

Notes forming part of the Accounts

for the year ended 31 May 2022

1 Accounting Policies

Charity information

Maple Cross Club is a private company limited by guarantee incorporated in England and Wales. The registered office is Enterprise House, Beeson’s Yard, Bury Lane, Rickmansworth, Hertfordshire, WD3 1DS.

Accounting Convention

The financial statements have been prepared in accordance with the Club'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)" (as amended for accounting periods commencing from 1 January 2016). The Club is a Public Benefit Entity as defined by FRS 102.

The Club has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Club. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The director has adopted the going concern basis of accounting in preparing the financial statements; the director is satisfied the company has access to the financial support necessary to meet working capital requirements and enable the company to remain in operational existence for the foreseeable future.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Incoming resources

Income is recognised when the club is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Club has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings over the lease term, 35 years Fixtures and fittings 15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

6

MAPLE CROSS CLUB

Notes forming part of the Accounts

for the year ended 31 May 2022

1 Accounting Policies (continued)

Impairment of fixed assets

At each reporting end date, the Club reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The Club has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Club's balance sheet when the Club becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Club is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

7

MAPLE CROSS CLUB

Notes forming part of the Accounts

for the year ended 31 May 2022

1 Accounting Policies (continued)

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2 Critical accounting estimates and judgements

In the application of the club's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Employees

The total average monthly number of employees during the reporting period was as follows:

2022
Number
_
Total
2
_
4
Income Resources from Donations and Legacies
Unrestricted
funds
2022
£
Government grants received
8,746
_
5
Incoming Resources from Charitable activities
Unrestricted
funds
2022
£
Sales within charitable activities
229,034
_
229,034
_
6
Investments
Unrestricted
funds
2022
£
_
Interest received
-
_		 2021
Number
_
2
_
Total
2021
£
37,226
_
Total
2021
£
79,323
_
79,323
_
Total
2021
£
__
96
_

8

MAPLE CROSS CLUB

Notes forming part of the Accounts

for the year ended 31 May 2022

7 Expenditure on Raising Funds

Unrestricted
funds
2022
£
Fundraising and publicity
Advertising
1,218
Depreciation and impairment
7,717
_
Total Fundraising and publicity
8,935
_
Trading Costs
Other trading activities
156,203
Staff Costs
74,313
Support Costs
3,640
_
Total Trading Costs
234,156
_
_
243,091
_
Expenditure on Charitable Activities
Unrestricted
funds
2022
£
_
Social activities
204
_		 Total
2021
£
675
7,787
_
8,462
_____
70,168
29,276
7,856
_
107,300
_____
_
115,762
_____
Total
2021
£
_
634
_____

8 Expenditure on Charitable Activities

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the club during the year.

10 Other

Unrestricted
funds
2022
£
Financing costs
3,800
_		 Total
2021
£
2,602
_

9

MAPLE CROSS CLUB

Notes forming part of the Accounts

for the year ended 31 May 2022

11 Tangible Assets
Land and
Plant and
Cost
buildings
machinery
£
£
At 1 June 2021 and 31 May 2022 216,654 41,702
Additions in the year - 1,650
_
_
As at 31 May 2022
216,654
43,353
Depreciation
At 1 June 2021
66,733
32,655
Charge for the year
6,190
1,527
_
_
As at 31 May 2022
72,923
34,181
_
_
Net Book Value
As at 31 May 2022
143,731
9,172
_
_
As at 31 May 2021
149,921
9,048
_
_
12 Debtors
2022
£
Trade debtors
-
Other debtors
-
Prepayments and accrued income
2,689
_
2,689
_
13 Creditors: Amounts falling due within one year
2022
£
Bank loan instalments
10,122
Trade creditors
12,001
Taxation and social security
6,186
Other creditors
2,246
Accruals and deferred income
2,166
_
32,721
_
14 Creditors: Amounts falling due after more than one year
2022
£
Bank loan instalments
30,722
Other creditors
52,375
_
83,097
_


_		 Total
£
258,356
1,650
__
260,007
99,388
7,717
_
107,104
_
152,903
_
158,969
_
2021
£
550
1,000
1,785
_
3,335
_
2021
£
9,507
8,168
1,168
-
4,725
_
23,568
_
2021
£
40,493
52,375
_
92,868
_____
_

10

MAPLE CROSS CLUB

Notes forming part of the Accounts

for the year ended 31 May 2022

15 Loans and overdrafts

Bank loan instalments
Other creditors
16 Related Party Transactions		 2022
£
40,844
52,375
_
93,219
_		 2021
£
50,000
52,375
_
102,375
_

Included within other creditors is a loan from A D Coleman, a trustee and sole director, and a close family member. The loan owed to A D Coleman has no interest being paid on it. The balance as at 31[st] May 2022 was £52,375 (2021 £52,375). The Charity is paying for a life insurance policy to cover the loan amount should either A D Coleman or his wife die before the loan is repaid. Currently no repayments are being made.

11