ReElStefed Number.. 07321672 Chaiily Number.. 1138838 SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited bv euaranteel TRUSTEES REPORT AND UNAUDrrED FINANCIAL 5TATEMINTS FOR THE YEAR ENDED 31 JULY 2023
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guarantee) CONTENTS PAGE REFERENCE AND ADMINIISTRATIVE DITAILS TRUSTEES REPORT 24 INDEPENDENT EXAMINERS REPOftT STATEMENT OF FINANCIALAcfiviTIES 8ALANCE SHEET NOTES TOTHE FINANCIALSTATEMENTS 8-11
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guarantee) REFERENCE AND AOMINISTRATIVE DETAILS Trustees Mark Biadbrook Billy Brookes Andrew Hill Aeneas Ricliardson Slmon Anthony Stevenso Jamie Matthew Whiltam Director Diiettor Di¥ector Difector Director Director Secretary None Company Registered No. 07321672 Charity Registered No. 1138838 Reglstered Office The Pavilion Wainfleet Road Skegness Lincolnshire PE25 2EL Bank Barclay5 Bank pl Leicester IN87 2BB Accountant Taylof Accountancy 40 Buttercup Lane Louth Lincolnshire LNII OFQ Page I
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENOED 31 JULY 2023 SkeEness Sports Associillioi) was inLorparated in 2010 with the objectives of providing lacFlitie5 for sport, re¢reation or other leisure time activities in the Interests of social welfare. With the object of improving the conditions of life and promoting the physical aiid social development ol the people of Skegness and surrounding area5 regardless ol race, gendef, disability, sexual orientation, level of profitiency or age. Objertlves and Artl¥ltle5 The aims of Skegness Sports A550ciation are to provide facilities for sport, recreation or other leisure lime actlvitie5 in the interests of social welfare. The main activities undertaken to achieve these objectives are football and rugby union outdoors and a range of indoor activitie5 rangii)g fiom alternative education for yOUllE people. church groups, yogalpilales and a popL¢lar venue for social parties, events, meeting5 èn(J community gatheiings. Many Eroups have made the facilities their home which gives Ihein stability and the ability to plan su51ainably fo¥ the future. 5kegness Sports Association's facilities ale located on Wainfleet Road, 5kegness, PE25 2EL aiid are approximately half a mile from Skegness town centre on the A52. Achievement5 and Performance Skegne55 Sports As50Ciation hires football and rugby pitches to local clubs, organisations and the local community mainly for tfaTrningi malches and some sporting events. The venue and staff have woiked hard to positively recover from the effect of COVIO aiid re-establish healthy ievenue streams ènd working relationships with a number of local sporting organisations. During this accounting period120221231 the Skegness Sports Association Board acknowledges the continued positive business iecovery since the pandemic. The Board itsèlf has witness•d considerable hange in its membeFship duiing this peiiod, with the resignation of two trustees and two new trustees joining the Board, including d change of Chairman. There has been a signlflcant increase in income genefation. The 3G pitch revenue stream has been particularly buoyant and strong in this peliod. As antitipaled al the start of the year, it is noted that staff costs have f15en considerably. The Association took the decisioi) to pay hi8her than the National Minimum Wage INMWI rate for entry level staff (Attendants at £10.50 per hour) and so maintain the existing wage differential beiween Atteiidant and Supervi50r1£12.20 per hour) roles. The venue is operated by a small, cominitted and reliable team, providing a good Standard of qualitylservice. Alongside staff costs, otheT elements of operational expeiiditure Iiave also increased coi)siderably duTing this period. Natural grass pitch maintenante, building maintenance and utility costs have Incieased. Tl)e 3G pitch rLtbber crumb infill was èlso rejuvenated requiring an Investment of £6.7k. This will assist with pitch sustainability ènd longevity of an excellent playing surface. This facility is vitol to the future sustainability of the venue as a whole. The Boaid duly iiotes the small financial operating loss generated by the Sports Association iii 2022/23. Page 2
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guarantee) TRUSTEES REPORTICONTI FOR THE YEAR ENDED 31JULY 2023 Structure, fjovernment and Management Skegness Spo¥ts Association is governed by its Memorandltm and Articles of Association and the Charity is registered as 'Ske8ness Sports Association Limited. The charity number Is 1138838 and the Companies House nufftbei is 7321672. The registered office address is Skegnes$ sports A55ociatioii, The Pavilion, Wainfleet Road, Ske8nes5 PE25 2EL The registered contact for the charity is Aeneas Richardson, The Pavllion, Walnfleet Road, Skegne$5 PE25 2EL. The names of all those who weie the charity's trustees on the date the report was appioved or who served as a tiustee in the reporting period were; Mr Maik Bradbrook IAppointed 22 May 20231 Mr Billy Brookes IAppoint*d 14 lune 20231 Mr Andrew Hill Mr Simon Stevenson Mf Stephen Kirk l Resigned 14 lune 20231 Mr Allan Gray Iftesigned A7 f ebruaiy 20231 Mr Aeneas Richardson Mr Jamie Whiltam Tiustees Th? methods used to appoint Trustees to Skegness Sports A5$0ciation Limited are... 11 Each member shall nominate persons to act as tiustees of the Company. One of the trustees nominated by East Lindsey Dlstrict Countil shall be Chairman of the trustees at any given time. 21 The number of Trustees of the Company shall not be less than three (Ltnless oiherwise determined by ordinary resolution) but shall not be subject to any maximum. 31 Every trustee must sign a declaratlon of wlllingne55 to act as a charity trustee of the Company before he or she is eli8ible to vote at any meeting of the trustees. Financlal Rovlew During the year total income was E118,346 Including E15,100 donated income. £15.000 of the donations are from the deemed rental cost of the premises at Wainfleet Road. Total Expenditure was £125,177 again including the deemed rental cost of £IS,000. There was a total deficit thi5 year ot £16,831). The totol fvnds17eld by 5ke8ne$5 Sports Assoclatlon at 31 July 2023 was £107,448. Page 3
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guaranteel TRUSTEES REPORT ICONT) FOR THE YEAR ENDED 31JULY 2023 In accordance with Company law, as the conlpany's directors, WÈ certify that.. So fhr as we are owaTe there is no relevant information of which ihe company's independent examiner 15 unaware. and As the Directors of the company, we have taken all the step5 that we ought to have taken in orde to make ourselves aware ol any relevant information and to eslablish that the company's independent examiner Is awaie of that inforination. Approved by the Board on 20 November 2023 and signed on its behalf bv.. Aeneas Richardson Trustee Page 4
SKEGNESS SPORTS ASSOCIATION LIMITED IA company Ilmited by guarantee) INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OF 5KEGNESS SPORTS ASSOCIATION LIMITED I report on the aCCOLbnts of the company for the year ended 31 July 2023, which are Set oul on pages 6-11. Respectlve re5punslbllltles of the IfUStee5 and examlnei The trustees (who are also directors of the company for the purposes of comi)any lawl are responsible for the preparation of the atCOUhts in accordance with the requirements of the Companies Act 2006 I the 20n6 Act"). The trustees consi(leT that an audit Is not required for thi5 year under 5e¢tion 144121 of tlie Charities Act 2011 and that an independent examination is needed. Having 5atlsfied 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 examiriation. I report In respect of my examination and to:. 11 examine the accounts under section 145 of the 2011 Act,. 21 follow tlie k)rocedures laid down in thÈ general Directions given by Charity Commission under section 14515llbl of the 2011 Act- and 31 stste whelher particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes o review of the accounting records kept by the charity and a compèrison of the accounts presented wlth those records. It also includes consideration ol any unvsual itemJ or disclusures in the accounts and seeking explanations from you as trvstees conterning any such Inatters. The predureS undertaken do not provide all the evidence that would be requiied in an audit and consequently no opinion 15 given as to whether the accounts present a 'true and fair view, and the report is limited to those matters spt out in the next statement. Independenl examlner's statement In coi)nection with my examination, no mattel has come to my attention.. 11 which gives me reasonable cause to believe that in any material iespect the requiremer)ts.' to keep ac¢ounting record5 in accnrdance with section 386 of the Companies Act 2006 and to prepare accourbts with accord with the accounting records, comply with the accountlns I"eouiremeiits of sertion 396 of the Compaiiies Act 2006 and with thè methods and principles of the Statement or Recornmended Practice.. Accounting and Reportin8 by chèrities have not been mot or 21 to which, in rn¥ opinion, attention should be drawn in orde¥ to enable a pioper undefstdnding of the accounts have been reached. 20 November 2023 Rebecca Taylor R Taylor Accountancv Page 5
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guaranteel STATEMENT OF FINANCIAL AcfiviTIES Iln¢orporatlng Income and expendlture accouhtl FOR THE YEAR ENDED 31 IULY 2023 NOYF UNRESTRICTED FUNDS 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 IIJCOME Donations Charitable activities 15,100 103,246 118,346 15. 100 103,246 118,346 15,000 77,461 92,461 EXPENDITURE Charltable activities. Premises costs Salary costs Other 83,124 39,245 2,808 125,177 83,124 39,24S 2,808 125,177 55.299 28,101 6,635 90,035 NET INCOMEJEXPENDITURE 16,8311 16,8311 2,426 NET MOVEMENT IN FUNDS 16,8311 16,8311 2,426 RECONCILIATION OF FUNDS: Total funfls blf Total funds clf 114,279 107,448 114,279 107,448 111,853 114,279 Page 6
SKEGNESS SPORTS ASSOCIATION LIMITED IA company liimited by guaranteel BALANCE SHEET AS AT31 JULY 2023 140TE TOTAL FUNDS 2023 TOTAL FUNDS 2022 CURRENT A55ETS Debtors Cash at bank and in hand Total current assets 9,FS40 106,288 4,508 110,940 116,128 115,448 CURRENT LIABILITIES Creditors 18,6801 11,1691 TOTAL Ngf CURRENT ASSET5/LIABILITIES io 107,448 114,279 THE FUNDS OFTHE CHARITY Restricted funds Unrestricted funds 107,448 114,279 TOTAL CHARITY FUNDS 107.448 114.279 The financial staten)ents were approved by the tfustees on 20 November 2023 and signed on Ir behalf by.. Aeneas Richardson Trustèe The note5 orb pages 8.11 form part of Ihese financial slalement5. Page 7
SKEGNESS SPORTS ASSOCIATION LIMITED IA tompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 ACCOUNTING POLICIES 1.1 Basls of preparatlon of flnanclal statements The f%nancial statements have been prepared under the hlstorical Cost convention. The financial statements have been piepared in accordance with the Statements of Recommeiided Prattlee ISORPI "Accountli)g and reporting by chaiities" effective l January 2015, applicable accounting standards and the Companies Act 2006. 1.2 Company Status The ¢harity is a company limited by guarantee. The members of the company are the Trustees named on page 3. In the event ol the charlty beln8 wound up, the liability In respect of the guarantee is limited to £10 pei member of the Chaiily. 1.3 Fund accountlng General funds are unre5trlcted funds which are available for use at the discretion of the Trustees In furtherance of the general objectives of Skegness Sports Association and which havp not bee designated fof Other purposes. At 31 Jvly 2023 all of Skogiiess Sport5 Association's fLbnd5 were unrestricted. 1.4 Incomln8 resources All incoming resources ale included in the Statement of financial activities when Skegness Sports A550ciation has entitlement to the funds, certainty of receipt and the amount can be measred with sufficient reliability. Donated services are included in Income at a valuation which is an estimate of the financial cost borne by the donor wherè such cost is quantifiable and measurable. Other income is recognised in the pefiod whith is receivable and to the extent the goods have been pro¥ided or on completion of the service. 1.5 ResourcÈs expended Expenditure is accounted for on an accruals basis. Page 8
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limlted by guarantee) NOTESTOTHE FINANCIAL5TATEMENTS (CONTI FOR THE YEAR ENDED 31JULY 2Q23 Income from Donatlons LINRESTRicfED FUNDS 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 Donated Services Other donatlons 15,000 loo 15.100 15,000 loo 15,100 15,000 15,LXIO Income of E15,000 lias been recognised in financial statemÈnt5 for donated seTvl¢es. Thi5 relates to tlie deemed rental cost of the occupied property provided by East Lindsey Distrl¢t Council. The other donation thls year is from Starlight. Income flom charltable artlvltles uNREsTRlED FUND5 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 3G Pitch hire12022 iiic. indooi hirel Indoor hire Grant income Bank interest reeeived other income 79.275 22,560 79,275 22.560 77,461 1,361 50 103,246 1,361 50 103,246 77,461 Expendlture on charllable actlvltles UNRESTRicfEI) FUNDS 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 Pitch maintenance Cleaning and waste disposal Utlllties and telephone Buildir)g maintenance Salary costs Insiirante Deemed rental rost 30,077 3,743 17.773 13,672 39,245 2,1159 15,000 122,369 30,077 3,743 17,773 13,672 39,245 2,859 15,000 122,369 12,692 1,803 11,242 11,606 28,101 2.956 15,000 83,400 Page 9
SKÉGNESS SPORTS ASSOCIATION LIMITED IA company li¥nited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTI FOR THE YEAR ENDED 31 JULY 2023 Expendlture on other 8ctlvltle5 UNRESTRicfED FUNDS 2023 TOTAL FUNDS 2023 TOTAL FUNDS 2022 Accountsncy Sundries 1,886 922 1,886 922 2,808 6,635 2,808 6,635 Trustees remuneration No trltstees lor any person in eonn*ctioTh with theml received any remuiieratlon or expet)ses during the year. Debtors 2023 2022 Tfade Debtois otlier taxation and soclal se¢urlty Other debtors Prepayments 6,078 1,871 1,316 575 9,840 4,508 4,508 Credltors 2023 2022 Trade creditor5 Pension creditor Other creditors Ateruals 5,243 172 2,515 750 8,680 981 188 1,169 Analysls of Charltable funds- Unrestrlrted funds TOTAL FUNDS 2023 TOTAL FUNDS 2022 Un¥e5tri¢ted funds ljlf Incoming iesources Resources EKpeiided Unrestricted funds clf 114.279 118,346 1125,1771 107,448 111,853 92,461 190.0351 114.27Y Page 10
SKEGNESS SPORTS ASSOCIATION LIMITED IA company limited by guaranteèl NOTES TOTHE FINANCIALSTATEMENTS ICONYI FOR THE YEAR ENDED 31 IULY2023 10 Analysls of net assets by tund- Unreslrlcted funds TOTAL FUNIDS 2023 TOTAL FUNDS 2022 Current Assets Current Liabilities.. amount falling due within one yeèf 116,128 18,6801 107,448 115,448 11,1691 I l4,279 11 Related party iransartlons There wère no related party Iransactions during the year. Page 11