Company Number: 06119963 Charity Number: 1132293 MAPLE CROSS CLUB Report and Accounts ror the year ended 31 March 2024
MAPLE CROSS CLUB Report and Accounts for ihe year ended 31 March 2024 INDEX Page Number l and2 Trustees (Director's) Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 6t0 11 Notes fonning part of the Accounts
MAPLE CROSS CLUB Company Information Company Number: 06119963 Charilies Number: 1132293 Registered Office Clo Maple Cross Club Longcroft Road Maple Cross Rickniansworth Herts WD3 9TJ Direetor A D Coleman Secretary L Oliver Trustees A D Coleman Accounlants Dickinsons Chartered Accountants Brandon House First Floor 90 The Broadway Chesham HP5 IEG Bankers Barclays Bank PIC Leicester Leicestershire LE87 2BB
MAPLE CROSS CLUB Trustee's (Director's) Annual Report for the year ended 31 March 2024 The trustees present their report and accounts for the period ended 31 March 2024. The accounts have been prepared in accordance w ith the Companies Act 2006. the Charities Act 201 l as amended by the Charities Act 2022. and Statement of Recommended Practice= Accounting and Reportints by Charities preparing their accounts in accordance w'ith the Financial Reportino 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 period. The trustees have paid due regard to guldance issued by the Charity Commission in deciding what activities the Club should undertake. Structure* governance and managemenl Maple Cross Club is a company limited by guardntee and a registered charitv. The club is run b}, a management committee which is headed up by A D Coleman, M".ho is a trustee and director. The committee 'ork together on arranging social activities for the residents of the Maple Cr055 area M.'ith 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 H,ho Served during the period and up to date of signature of the financial statements M'e: A Coleman Director L Oliver Secrethry 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 miiigaie exposure to the major risks. Aehievements and performanee Finaneial 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 thaL in the event of a significant drop in funding, they Th'ill 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 period. The SL2tement of Financial Activities for the peri(Kl is set out on page of the account. The result for the period is a surplus of £14,158 (2023: deficit of £9,096) on unrestricted funds of £241,963 {2023- £177,128). The club benefited from £27,332 (2023.. £3,884) of financial 5UPPOrt from the government through grants. Statement of Trustees, Responsibilities The trustees, who are also the directors of Maple Cross Club for ihe purpose of companv la., are responsible for preparing the Trustees, Report and the accounts in accordance w.iih applicable law and United Kintsdom Accounting Standards (United Kingdom Generally Accepted Accouniing Pra¢iice).
IVIAPLE CROSS CLUB Trustee s (Direclor's) Annual Report for tlie year ended 31 March 2024 Company law I'equires the ttvstees, to prepare accounts for each financial year, which give a true and fair view of the state of affaii's of Éhe charTtable compally and of the iThcotnillg resources and application of resources, including the income and cxpenditure, of the chaTitable company for that year. In prepillg these accounts the trustees are required to: Select suitable accounting policies and t]Jen apply them consistently: Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable 2nd prlldent. Prepare the accounts on the going concern basis unless it is inappropriats to presume that the company will continue in business The trllstees are responsible for keeping proper accounting rOrdS which disclose, witl) reasonable accw'acy at any time, tlie fulancial position of th¢ company andto ellable them to ensure the accounts have been propa'ty pi'epared in accoidance with the provÈsions of the Companies Act 2006. They are also responsible for safeguarding the assets of the compaDy and hence for taking reasonable steps for the prevention and detection of fraud and othei. iegUlarlties. Legal and Ad1lstr2t1ve Information 'rhe compally is litllited by guarantee and has no share capital. Under tlie provisions of the company's memoraodum of association. each member would be required to contribute a sum not exceeding £ I for tbe paytllent of the debts of tbe company 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 registrdtion llUTniKr 06119963, and is a registei'ed Gharity uijdffl. the Charities Act 2011 with registration numbei. 1132293. Trustees and Directors The trustees who served during tb¢ p¢riod were: A Coleinan The Directnrs h2ve taken 2dv2ntage of section 477 of the Companies Act 2006 which exempts the cotnpany from the. requIreMlt to have the accounts audited. The Company is required to have an Independent Examination in accordallce with the provisions in the Charities Act 2011 as amended by the Charities Act 2022. Accordingly, Dominic Cader FCA of DickiDsons, Chartered Ac¢ow]tants, was appointed Independent Examiner. Trustee and Director Date:15 Ap.ri12025
MAPLE CROSS CLUB Independent Examiner's Report to the Trustees of Maple Crnss Club for the year ended 31 March 2024 I report to the charity trustee5 on my examination of the accounts olthe Charitable Company for the period ended 31 March 2024. 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 Companv are not required to be audited for this period under part 16 of the 2006 Act and are eligible for independent examination. I report in respecl of m).. examination of your charitv's accounts as carried out under section 145 of charities Act ?0 I l as amended by the Charities Act 2022 ("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 201 l Act). Independent examiner's statement I have completed my examination. I confwm that no material matters have come to my attention which gives me cause to believe that= Accounting records were not kept in accordance with seciion 386 of the Companies Act 2006; or The accounts do not accord w ith such records- or The accounts do not comply with relevanl accounting requirements under section 396 of the Companies Act 2006 other than the accounts give a 'true and fair, viem, H'hich is not a matter considered as part of an independeiit examination; or The accounts have not been prepared in accordance with the charities SORP (FRS102). I have no concern5 and have cotne across no other matter5 in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Dominic Cader FCA Dickinsons Chartered Accountants Brandon House First Floor The Broadway Chesham HP5 IEG Date.. 15 April 2025
MAPLE CROSS CLUB Statement of Financial Activitie5 for the year ended 31 March 2024 ote5 Unrestricted Fund5 2024 Total 2023 Incoming Resources Donations and legacies Charitable activities Social activities 27.332 3,884 214.631 173,244 Total Incoming Resources 241.963 177,128 Resources Expended Raising funds 223.593 182,802 Charitable activities Social activities 267 86 Total charitable expenditure 223,860 182,888 Other 3,945 3,336 Total Resources Expended 227,805 186,224 Net Movements in Funds 14.158 (9,096) Reconciliation of Funds: Total Funds at l April 2023 Total Funds al 31 March 2024 51,411 65.568 60,507 51,411 The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure is derived from continuing activities. The noles on pages 6 10 I Iform parl ofthese accounts
MAPLE CROSS CLUB Balance Sheet s at 31 Mai'ch 2024 A.% 2)t 31 Mareb 2024 31 Mareli 2023 Notes Fixed A$$ets Tangible assets 163,691 148,816 Current Assets Stock Debtors Casli at bank and ill hand 11,500 1.578 13,530 10,500 2.072 4,000 io 26,608 16,572 Crcditors: Amounts falling due within one year (50,381) (36,568) Net current {liabilitiesya55ets (23,773) (19,996) Total as5¢t5 le55 currellt liabilities 139.918 128,820 Creditors Amounts fallittg due after more than one year 12 (74,350) (77,409) Iyet kn'vli 65,568 51,411 Resci'ves Unrestricted Funds 65,568 51,411 For the fmancial year ended 31 Marcb 2024 the company was entitled to exemption from audit under section 477 of the Compallies Act 2006 relating to small cou]panies. The director acknowledges their responsibilities for complying with the requ1melits of dje Companies Act 2006 with respect to accounting recoiyls aiid the prepai'ation of finattcial statemellt5. The members have not required the company to obtain an audit of its fatIC[al statements for the period itl question in accordance with section 476. These financKal stat¢ments have been prepared in accordance with the provisions applicable to COPanIeS subject to the small companies regime. The fJnaDcial statements were approved by the Board on15 Ap.nl 2025 Trustee aiid Director CompAny Registi'ation No. 06119963 The notes Onpag 6 10 IlfoTlTr pai'l of1he accoiints
MAPLE CROSS CLUB Notes forniing part of the Accounts for the year ended 31 March 2024 Accounting Policies Charity information Maple Cross Club is a private company limited by guarantee incorporated in England and Wales. The registered oifice is Longcroft Road, Maple Cross, Rickn]answorth, Herts, WD3 9TJ. Accounting Convention The financial statements have been prepared in accordance with the Club'5 governing document, the Companies Act 2006 and "Accounting and Reportiiiu b). Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance M'ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from l 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 I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. H-hich is the functional currency of the Club. Monetary amounts in these financial sta(emen(s are rounded to the nearest pound. The financial statements have been prepared under the historical cost conveniion. 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 olthe trustees in furtherance of their charitable objectives unle55 the fund5 have been designated for other purposes. Incoming resources Income is recognised when the club is leually entitled to it after anv performance conditions have been met, the amount5 can be measured reliably, and li is probable thai income 111 be received. Cash donations are re¢ognised on receipi. Other donations are recognised once the Club has been notified of the donation unless perforn)ance condilions require deferral of the amouni. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenani is recognised ai ihe lime of the donaiion. Tumover is measured at the fair value of the conslderalion received or receivable and represents amounts receivable for goods and services provided in the nomlal 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 impairnient 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 follom'ing bases= Leasehold land and buildings Fixtures and fittings over the lease terni, 35 years 15 % straighi line The gain or loss arising on the disposal of an asset is deiemiined as the difference between the sale proceeds and the carrying value of the asseL and is recognised in net incomel(expenditure) for the period.
MAPLE CROSS CLUB Notes forniing part of the Accounts for the year ended 31 March 2024 Aeeounting Polieies (continued) Impairment of fixed assets At each reporting end date, the Club reviews the carrying amounts of its tangible assets to deterniine whether there is any indication that those asseis have suffered an impairnient loss. If any such iiidication exists, the recoverable amount of the asset is estimated in order to deterniine the exient of ihe impainnent loss (if ally). 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 olcost and estimated sellin( materials. price less costs to complete and sell. Cost comprises direct 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. dewsits held at call with banks, other short-tern] 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 I I 'Basic Financial Instruments, and Section 12 '0ther 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 financtal statements, M,hen there is a legallw. enforceable right to set off the recognised amounts and ihere is an iniention to settle on a net basis or to realise the asset and settle the liability simulianeollsly. Basic financial a55ets Basic financial assets, which include debtors and cash and bank balances. are initiallv measured at transaction price including transaction costs and are subsequently carried ai amonised 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. Basie financial liabilities Basic financial liabilitie5, including creditors and bank loans are initially recognised at transaction price unless the arrangement constilutes a financing transaciion, where ihe debi instrumeni is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as pa)'able within one year are not amortised.
MAPLE CROSS CLUB Notes forming part of the Accounts for the year ended 31 March 2024 Accounting Policies (continued) Government grants Govemment grants are recognised at the fair value of the assel received or receivable when there is reasonable assurance that the grant conditions w'ill be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the perfonnance conditions are met. Where a grant does not specify perforniance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfled is recognised as a liability. 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 canying amount of assets and liabilities thal 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 'hICh the estimate is revised where the revision affects only tha( period, or in the period of the revision and future periods where the revision affecls both current and future periods. Income Resources from Donation5 and Legacies Unrestricted funds 2024 Total 2023 Govemment grants received 27,332 3,884 Ineoming Resources from Charitable aetivities Unrestricted funds 2024 Total Sales within charitable activities 214,631 173,244
MAPLE CROSS CLUB Notes forming part of the Accounts for the year ended 31 March 2024 Expenditure on Raising Funds Unrestricted funds 2024 Total 2023 Fundraisin Advertising Depreciation and impainnent and ublicit 47 7,536 9,988 Total Fundraising and publicity 9,988 7,583 Tradin Costs Other trading activities Staff Costs Support Costs 189,758 21,181 2,665 122,717 48,667 3,835 Total Trading Costs 223,593 182,802 Expenditure on Charitable Activities Unrestricted funds 2024 Total 2023 Social activities 267 86 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the club during the period. Other Unrestricted funds 2024 Total 2023 Financing costs 3,945 3,336
MAPLE CROSS CLUB Notes forming part of the Accounts for the year ended 31 March 2024 Tangible Assets Land and Plant and buildings machinery Cost Tolal At l April 2023 Additions in the period 216,654 46,803 24,862 263,457 24,862 As at 31 March 2024 216.654 71,665 288,319 Depreeiation At l April 2023 Charge for the period 79,113 6,190 35,527 3,798 114,640 9,988 As at 31 March 2024 85,303 39,154 124,457 Net Book Value As at 31 March 2024 131,351 32,340 163,961 As at 31 March 2023 137,541 1,275 148,816 io Debtors 2024 2023 Trade debtors Prepayments and accrued income 1,172 406 ,502 570 1,578 2,072 Creditors: Amounts falling due within one vear 2024 2023 Bank" overdraft Bank. loan instalments Trade creditors Taxation and social security Other creditors Accruals and deferred income 435 10,187 2,111 2,451 19,950 1,434 10,196 8.065 7.622 22,397 2,100 36,568 12 Creditors: Amounts falling due after more than one year 2024 2023 Bank loan instalments Other creditors 21,975 52,375 25,034 52,375 77,409 io
MAPLE CROSS CLUB Notes forming part of the Accounts for tbe yeiir ended 31 March 2024 13 Loans and overdrafts 2024 2023 Bank loan instalments Other creditors 32,171 35,221 52,375 84,546 87,596 14 Related Party Transaetions Included within other creditors are loan's from A D Coleman. a trustee and sole director, and a close family member. The loans owed to A D Coleman have no interest being paid on it. The balance as at 31 March 2024 was £74,772 (31 May 2023= £65,917) of which £22:397 (31 May 2023 £13.54) is due M'ithin one year and the £52,375 (31 May 2023= £52,375) is due more than one year. 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. li