EAST LEEDS COMMUNITY SPORTS CLUB REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2021
Charity Commission Reference Number 1137140 Company Registered Number 07061271
9 Kerry Street Horsforth Leeds LS18 4AW
EAST LEEDS COMMUNITY SPORTS CLUB REPORT AND FINANCIAL STATEMENTS
| Contents Legal and Administrative Information Statement of Trustees' Responsibilities Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements |
Page 1. 2. 3 - 4. 5 - 6. 7. 8. 9 - 15. |
|---|---|
EAST LEEDS COMMUNITY SPORTS CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
1. CONSTITUTION
East Leeds Community Sports Club is a company limited by a guarantee (Company No. 07061271) and a registered charity (Charity No. 1137140) governed by its Memorandum and Articles of Association.
2. DIRECTORS AND TRUSTEES
The directors of the charitable company (''the charity'') are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The trustees serving during the year and since the year end were as follows:
| Trustees/Directors : |
M Waite | |
|---|---|---|
| P D Skinner | ||
| M Norfolk | ||
| Independent Examiner : |
G D Atkinson | |
| Walter Dawson & Son | ||
| 7 Wellington Road East | ||
| Dewsbury | ||
| WF13 1HF | ||
| Bankers : |
Virgin Money Plc Bank | |
| 194 York Road | ||
| Leeds | ||
| LS9 9LN | ||
| Registered Office : |
9 Kerry Street | |
| Horsforth | ||
| Leeds | ||
| LS18 4AW |
1
EAST LEEDS COMMUNITY SPORTS CLUB
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing a trustee's report (incorporating the strategic report and directors' report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity's trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing the financial statements, the trustees are required to:
-
(a) select suitable accounting policies and then apply them consistently;
-
(b) observe the methods and principles in the Charities SORP;
-
(c) make judgements and estimates that are reasonable and prudent;
-
(d) state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
(e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
In so far as the trustees are aware:
-
(a) there is no relevant audit information of which the charitable company's auditors are unaware; and
-
(b) the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
2
EAST LEEDS COMMUNITY SPORTS CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2021
The trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 30 June 2021 which are also prepared to meet the requirements for a directors report and accounts for Companies Act purposes.
The legal and administrative information set out on page 1 forms part of this report.
The financial statements comply with the Charities Act 2011, Companies Act 2006, the Memorandum and Articles of Association 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).
1. Structure, Governance and Management
To promote for the benefit of the inhabitants of East Leeds and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
2. Management
The Board consisting of the committed 3 Directors was responsible for the overseeing of the policies, strategic development and growth of the company by drawing on their expertise.
3. Risk Management
The directors have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
4. Reserves
At 30th June 2021 East Leeds Community Sports Club held general reserves of £139,151 (2020: £96,726).
5. Directors
The Directors who served during the year and up to the date of this report are set out on page 1.
3
EAST LEEDS COMMUNITY SPORTS CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2021
This report has been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice. In preparing this report advantage has been taken of the small companies exemption.
This report was approved and authorised for issue by the Trustees on 23 March 2022 and signed on their behalf by:
M Waite
Chairman
4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST LEEDS COMMUNITY SPORTS CLUB
I report to the charity trustees on my examination of the financial statements of the charitable company for the year ended 30 June 2021 which are set out on pages 7 to 15.
Responsibilities and Basis of Report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under Section 145 of the 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 matters have come to my attention in connection with the examination giving me cause to believe:
-
(a) accounting records were not kept in respect of the company as required by Section 386 of the 2006 Act; or
-
(b) the financial statements do not accord with those accounting records; or
-
(c) the financial statements do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
(d) the financial statement have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Reland (FRS 102).
5
INDEPENDENT EXAMINER'S REPORT TO THE
TRUSTEES OF EAST LEEDS COMMUNITY SPORTS CLUB
Independent Examiner's Statement (continued)
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 financial statements to be reached.
Graham Atkinson FCA WALTER DAWSON & SON
Chartered Accountants
7 Wellington Road East Dewsbury West Yorkshire WF13 1HF 23 March 2022
6
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021
| Notes 5 6 7 8 9 10 12 Other INCOME AND ENDOWMENTS FROM : Donations and Legacies Investments Charitable Activities Other TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Transfers Between Funds TOTAL INCOME AND ENDOWMENTS EXPENDITURE ON: Building Running Costs RECONCILIATION OF FUNDS Total Funds at I July 2020 Total Funds at 30 June 2021 NET MOVEMENTS IN FUNDS |
Unrestricted Funds |
Total 2021 Total 2020 £ £ 1,230 1,675 11,100 13,223 4,370 2,717 39,253 11,000 55,953 28,615 12,736 15,780 792 840 13,528 16,620 42,425 11,995 - - 42,425 11,995 96,726 84,731 139,151 96,726 |
|---|---|---|
| £ 1,230 11,100 4,370 39,253 |
||
| 55,953 | ||
| 12,736 792 |
||
| 13,528 | ||
| 42,425 - |
||
| 42,425 96,726 |
||
| 139,151 |
All incoming resources and resources expended derive from continuing activities.
7
| Notes £ £ £ £ 14 125,354 128,319 15 82,839 47,725 13,315 7,876 96,154 55,601 16 (13,912) (16,803) 82,242 38,798 207,596 167,117 17 (68,445) (70,391) 139,151 96,726 - - 20 139,151 96,726 20 - - 139,151 96,726 139,151 96,726 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS :Amounts Falling Due After More Than One Year The Funds of the Charity: RESTRICTED INCOME FUNDS UNRESTRICTED FUNDS General Funds Designated Funds CURRENT ASSETS Debtors Cash at Bank and in Hand CREDITORS: Amounts Falling Due Within One Year NET CURRENT ASSETS 2021 2020 FIXED ASSETS Tangible Assets EAST LEEDS COMMUNITY SPORTS CLUB BALANCE SHEET AS AT 30 JUNE 2021 |
Notes £ £ £ £ 14 125,354 128,319 15 82,839 47,725 13,315 7,876 96,154 55,601 16 (13,912) (16,803) 82,242 38,798 207,596 167,117 17 (68,445) (70,391) 139,151 96,726 - - 20 139,151 96,726 20 - - 139,151 96,726 139,151 96,726 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS :Amounts Falling Due After More Than One Year The Funds of the Charity: RESTRICTED INCOME FUNDS UNRESTRICTED FUNDS General Funds Designated Funds CURRENT ASSETS Debtors Cash at Bank and in Hand CREDITORS: Amounts Falling Due Within One Year NET CURRENT ASSETS 2021 2020 FIXED ASSETS Tangible Assets EAST LEEDS COMMUNITY SPORTS CLUB BALANCE SHEET AS AT 30 JUNE 2021 |
Notes £ £ £ £ 14 125,354 128,319 15 82,839 47,725 13,315 7,876 96,154 55,601 16 (13,912) (16,803) 82,242 38,798 207,596 167,117 17 (68,445) (70,391) 139,151 96,726 - - 20 139,151 96,726 20 - - 139,151 96,726 139,151 96,726 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS :Amounts Falling Due After More Than One Year The Funds of the Charity: RESTRICTED INCOME FUNDS UNRESTRICTED FUNDS General Funds Designated Funds CURRENT ASSETS Debtors Cash at Bank and in Hand CREDITORS: Amounts Falling Due Within One Year NET CURRENT ASSETS 2021 2020 FIXED ASSETS Tangible Assets EAST LEEDS COMMUNITY SPORTS CLUB BALANCE SHEET AS AT 30 JUNE 2021 |
|---|---|---|
| 167,117 (70,391) |
||
| 17 20 20 CREDITORS :Amounts Falling Due After More Than One Year The Funds of the Charity: RESTRICTED INCOME FUNDS UNRESTRICTED FUNDS General Funds Designated Funds |
||
| 96,726 | ||
| - 96,726 |
||
| 96,726 |
The directors consider that the charitable company is entitled to exemption from the requirement to have an audit under the provisions of Section 477 of the Companies Act 2006. Members have not required the company under Section 476 of the Act to have an audit for the year ended 30 June 2021. The directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with Section 386 of the Act, and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company, as at 30 June 2021, and of its surplus for the year then ended in accordance with the requirements of Section 396 of the Act, and which otherwise comply with the requirements of the Act relating to the financial statements so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 23 March 2022 and signed on their behalf by:
M Waite TRUSTEES
8
EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
1. STATUTORY INFORMATION
East Leeds Community Sports Club is a charitable company domiciled in England and Wales, registered number 07061271 . The principal place of business is 81 Easy Road, Leeds, LS9 8QS.
2. COMPLIANCE WITH ACCOUNTING STANDARDS
The financial statements have been prepared in accordance with 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), Charities SORP (FRS 102) and the Companies Act 2006.
3. ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention.
The presentation currency is sterling.
The particular accounting policies adopted are as follows:
-
(a) Donations, Legacies and Similar Incoming Resources Donations, legacies and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource.
-
(b) Grants Receivable and Local Authority Fees Grants receivable and local authority fees are credited to the Statement of Financial Activities (SOFA) in the year for which they are received. Deferred income represents amounts received for future periods and is released to income resources in the period for which it has been received.
-
(c) Investment Income and Rental Income Income from investments and from rental income is included in the SOFA in the year in which it is receivable.
(d) Expenditure
- All expenditure is included on an annual basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
9
EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
3. ACCOUNTING POLICIES (continued)
(e) Tangible Fixed Assets
Depreciation is provided on a straight line or reducing balance basis over the expected useful lives of each category of tangible fixed assets:
Freehold Buildings and Refurbishment Costs Fixtures and Fittings
2% per annum on cost 25% per annum on written down value
(f) Fund Accounting
Funds held by the charity are either:
-
. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
-
. Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
-
. Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
-
(g) Cash Flow Statements The charity qualifies as a small company under the Companies Act 2006. The trustees have elected to take advantage of the exemptions under FRS 102 not to prepare a cash flow statement.
-
(h) Finance Costs of Debt The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.
4. LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1 per member of the charity.
| DONATIONS AND LEGACIES Donations |
Unrestricted Funds |
Restricted Funds |
Total 2021 |
Total 2020 |
|---|---|---|---|---|
| £ 1,230 |
£ - |
£ 1,230 |
£ 1,675 |
|
| 1,230 | - | 1,230 | 1,675 |
5. DONATIONS AND LEGACIES
10
EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
6. INVESTMENTS
| 6. | INVESTMENTS | ||||
|---|---|---|---|---|---|
| 7. 8. |
CHARITABLE ACTIVITIES Membership Subscriptions Raffle Income Rental Income Facilities Charge (Rugby Club) OTHER INCOME British Amateur Rugby League Association Grant Coronavirus Business Grant The Rugby Football League Funding Adversting Income Golf Day Income |
Unrestricted Funds |
Restricted Funds |
Total 2021 |
Total 2020 |
| £ 2,100 9,000 |
£ - - |
£ 2,100 9,000 |
£ 4,360 8,863 |
||
| 11,100 | - | 11,100 | 13,223 | ||
| Unrestricted Funds |
Restricted Funds |
Total 2021 |
Total 2020 |
||
| £ 250 4,120 |
£ - - |
£ 250 4,120 |
£ 2,000 717 |
||
| 4,370 | - | 4,370 | 2,717 | ||
| Unrestricted Funds |
Restricted Funds |
Total 2021 |
Total 2020 |
||
| £ - 22,481 14,852 1,500 420 |
£ - - - - |
£ - 22,481 14,852 1,500 420 |
£ 1,000 10,000 - - - |
||
| 39,253 | - | 39,253 | 11,000 |
- BUILDING RUNNING COSTS
| BUILDING RUNNING COSTS | ||||
|---|---|---|---|---|
| General Expenses Professional Fees General Rates Water Rates Insurance Bank Loan Interest Depreciation |
Unrestricted Funds |
Restricted Funds |
Total 2021 |
Total 2020 |
| £ 778 515 3,398 3,631 2,965 951 498 |
£ - - - - - - - |
£ 778 515 3,398 3,631 2,965 951 498 |
£ 899 1,182 3,368 5,143 2,983 2,205 - |
|
| 12,736 | - | 12,736 | 15,780 |
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EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
10. GOVERNANCE COSTS
| GOVERNANCE COSTS | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Accountancy | 792 | - | 792 | 840 | |
| 792 | - | 792 | 840 |
11. STAFF COSTS AND TRUSTEES' REMUNERATION
| STAFF COSTS AND TRUSTEES'REMUNERATION | ||
|---|---|---|
| Other Pension Costs Wages and Salaries Social Security Costs |
2021 | 2020 |
| £ - - - |
£ - - - |
|
| - | - |
No employee received remuneration amounting to more than £60,000 in either year.
Trustees received no remuneration and were not reimbursed for any of their expenses in either year.
The average weekly number of employees during the year was 3 (2020: 3).
12. NET INCOME/(EXPENDITURE) FOR THE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| This is stated after charging: | ||
| Depreciation | 2,965 | 2,983 |
| Accountants Fee | 792 | 840 |
13. CORPORATION TAX
The charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
12
EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
14. TANGIBLE FIXED ASSETS
| Cost Depreciation : At 1 July 2020 Charge for Year At 30 June 2021 At 1 July 2020 Additions At 30 June 2021 Net Book Value : At 30 June 2021 At 30 June 2020 |
Freehold Buildings |
Fixtures and Fittings |
Total |
|---|---|---|---|
| £ 145,571 - |
£ 17,140 - |
£ 162,711 - |
|
| 145,571 | 17,140 | 162,711 | |
| 17,466 2,911 |
16,926 54 |
34,392 2,965 |
|
| 20,377 | 16,980 | 37,357 | |
| 125,194 | 160 | 125,354 | |
| 128,105 | 214 | 128,319 |
| DEBTORS Amounts Owed to Related Parties Prepayments and Accrued Income |
2021 | 2020 |
|---|---|---|
| £ 79,514 3,325 |
£ 43,933 3,792 |
|
| 82,839 | 47,725 |
15. DEBTORS
16. CREDITORS: Amounts Falling Due Within One Year
| CREDITORS :Amounts Falling Due Within One Year |
||
|---|---|---|
| Trade Creditors Accruals and Deferred Income Bank Loan Other Creditors |
2021 | 2020 |
| £ 7,423 1,924 3,675 890 |
£ 7,423 4,135 3,675 1,570 |
|
| 13,912 | 16,803 |
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EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
17. CREDITORS: Amounts Falling Due After More
| CREDITORS :Amounts Falling Due After More |
||
|---|---|---|
| Bank Loan Analysis of Borrowing Under Bank Loans: Due Within One Year Due Between One and Five Years Due After Five Years or More |
2021 | 2020 |
| £ 68,445 |
£ 70,391 |
|
| 2021 | 2020 | |
| £ 7,423 29,692 38,753 |
£ 7,423 29,692 40,699 |
|
| 75,868 | 77,814 |
Interest on the bank loan, which is repayable on 12th April 2035, is charged at a commercial rate of interest. The bank loan is secured by a charge on the company's freehold property.
18. RELATED PARTY TRANSACTIONS
Included in debtors is the following related party balance
| Included in debtors is the following related party balance | ||
|---|---|---|
| East Leeds Community Social Club | 2021 | 2020 |
| £ 79,514 |
£ 43,933 |
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Net Assets at 30 June 2021 Long Term Liabilities Tangible Fixed Assets Current Assets Current Liabilities |
General Funds |
Designated Funds |
Restricted Funds |
Total Funds |
|---|---|---|---|---|
| £ 125,354 96,154 ( 13,912) (68,445) |
£ - - - - |
£ - - - - |
£ 125,354 96,154 ( 13,912) (68,445) |
|
| 139,151 | - | - | 139,151 |
14
EAST LEEDS COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021
20. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Restricted Funds Total Restricted Funds Unrestricted Funds General Funds Total Unrestricted Funds TOTAL FUNDS |
At 1 July 2020 |
Income | Expen- diture |
Transfers | At 30 June 2021 |
| £ - |
£ - |
£ - |
£ - |
£ - |
|
| - | - | - | - | - | |
| 96,726 | 55,953 | (13,528) | - | 139,151 | |
| 96,726 | 55,953 | (13,528) | - | 139,151 | |
| 96,726 | 55,953 | (13,528) | - | 139,151 |
15