Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
Blackpool Stanley Rugby League Club
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements for the Year Ended 31 December 2021
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 1
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31" December 2021 Company Number 07104788 Charity Number: 1139190 Date Issued 0110612022 Page 2
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
Contents
Contents
| 1. Reference and Administrative Details......................................................3 |
|---|
| 2. Trustees Report 2021..................................................................................4 |
| 2.1 Trustees........................................................................................................4 |
| 2.2 Objectives and activities...............................................................................4 |
| 2.3 Public beneft................................................................................................4 |
| 2.4 Financial Review........................................................................................4 |
| 2.5 Reserves Policy.............................................................................................5 |
| 2.6 Going concern..............................................................................................5 |
| 2.7 Achievements and Performance 2021..........................................................5 |
| 2.8 Plans for Future Periods................................................................................6 |
| 2.9 Structure, Governance & Management.....................................................6 |
| 3. Statement of Financial Activities..............................................................8 |
| 5. Balance sheet...............................................................................................9 |
| 6. Accounting Policies....................................................................................14 |
| 7. Additional Notes........................................................................................16 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 3
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
1. Reference and Administrative Details
Trustees
Mr S Clements Mr S Gilderdale Mr J H Gill Mr S J Hornby Mr K Laycock Mr G Parker Mr M Sinclair-Sly
Place of Business
Rathlyn Avenue Blackpool FY3 8ED
The Charity is incorporated in England & Wales.
Company Registration Number 07104788
Charity Registration Number 1139190
Bankers Lloyds Bank 30 Corporation Street Blackpool Lancashire
General Information
The company is a charitable company limited by guarantee incorporated in England and Wales.
The postal address is: Club Secretary c/o 46, Leeds Road, Blackpool FY1 4HJ
These financial statements were authorised by the Board on 1[st] June 2022
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 4
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
2. Trustees Report 2021
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2021. This trustees' report includes the directors' report and as such fulfils the requirements by company law.
2.1 Trustees
Mr S Clements Mr S Gilderdale Mr J H Gill Mr S J Hornby Mr K Laycock Mr G Parker Mr M Sinclair-Sly
2.2 Objectives and activities
The objective of the club shall be to promote and further the interests of Rugby League in Blackpool and wherever possible the surrounding areas.
The aims and objectives should be consistent with the furthering of equal opportunities.
2.3 Public benefit
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
2.4 Financial Review
The club maintained its policy of making rugby league free at the point of delivery with no players paying subscriptions. However, every member was encouraged to support the recycling policy of the club by donating clothes and textiles and also to join the club lottery.
The club maintained a fully operational club house at Kingscote Park, Layton. All facilities both social and playing were fully available to members and guests throughout the year. Revenue from bar and kitchen sales increased throughout the year as the services were established and extended.
Club house revenues recovered following the relaxation of COVID 19 restrictions as 2021 progressed.
The club continued to expand the club lottery with membership increasing from around 70 to 90 during 2021. The introduction of Darts and Dominos teams who regularly use the clubhouse helped with an increase in club lottery membership. Company Number 07104788 Date Issued : 01/06/2022 Charity Number : 1139190 Page 5
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
The club remained a fully accredited member of Ofgem’s Non Domestic Renewal Heat Incentive and submitted regular quarterly energy readings throughout 2021. The club received payments from the scheme quarterly throughout 2021.
The club benefited from a successful business continuity insurance award as a result of reduced revenues caused by various COVID 19 restrictions throughout 2021.
The club was successful in applying for a Sport England return to play grant.
2.5 Reserves Policy
The charity operates a reserves policy that reviews the amount of reserves required to ensure that they are adequate to fulfil the charity’s continuing obligations on a quarterly basis.
2.6 Going concern
Due to the increased number of none specific rugby league activity generating additional income and the close monitoring of expenditure the club continues to be a going concern.
2.7 Achievements and Performance 2021
The club fielded one side in Division 5 North & West of the North West Mens League in 2021. The club fulfilled all its membership responsibilities to the North West Mens League. COVID 19 regulations and restrictions reduced the number of teams per division and consequently the number of fixtures (home and away) that were played. Outbreaks of COVID 19 during the playing season meant that no team in the division completed its scheduled fixture list in full. League standings were calculated on the basis of win percentage. There were no cup competitions or play-offs in the 2021 playing season.
The club finished the season in first position in Division 5 North and West having completed 10 of 14 scheduled fixtures. 1 away game and 3 home games were not completed. The win percentage was 90%.
Average numbers of participants exceeded 25 over the course of the season
The club didn’t manage to field any junior / youth teams in 2021, partly because the availability of volunteers and concerns/regulations around COVID 19.
The club fully funded a variety of volunteer training in 2021 including first aid courses, safeguarding courses and coaching courses in pursuit of its aims and objectives and the maintenance of the Rugby Football Leagues Club Mark standard.
Masters rugby league was not played under the club’s umbrella during 2021, however Blackpool Masters RL chose to use the club as a venue for festivals during 2021.
The club continued to develop links with the wider community of Layton.
Company Number 07104788 Date Issued : 01/06/2022 Charity Number : 1139190 Page 6
Blackpool Stanley Rugby League Club
Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
-
The club was used by Blackpool Council to host a summer school one day a week throughout the school summer holidays
-
A volunteer week was organised by the Trinity Parish and a number of longstanding jobs on the park were completed. The club made its facilities available in support of the event.
-
The club ran a Christmas Hamper Appeal in 2021. Donations from various sources meant the club were able to deliver 60 food hampers to families in need in the Layton area at Christmas.
-
The club established links with many of the primary and high schools in its immediate area during 2021.
The club hosted a number of Darts and Dominos matches in the local leagues during the final months of 2021. This increased membership and added to revenues.
The club struggled to fulfil all its development plans during 2021. This was largely due to the availability of volunteers, partly as a result of COVID 19 but also because of a shortage of suitable volunteers in the area.
2.8 Plans for Future Periods.
The club plans to continue its development of rugby league during the next period (2022). The club will do this by
-
Increasing the number of participants in the sport by increasing the numbers of teams playing competitive games under the club umbrella, including the development of Masters Rugby League and Primary League at the club.
-
Develop further links with schools in the immediate catchment area so that young people can be aware of the club and signposted to it.
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Develop sources of volunteers to support the development activities. This may include the appointment of a Development Officer, subject to funding, Council support and NGB support.
-
Work closely with Blackpool Council to improve the overall facilities available to young people through the club at Kingscote Park.
The club also aims to develop other sources of income during 2022. The club will do this by
-
Increase the use of the club house by other community groups. This would include establishing regular darts and dominos matches in the local summer league.
-
Increase the number of community events on the park that will bring increased use and revenues to the club house.
-
2.9 Structure, Governance & Management
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 7
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
Blackpool Stanley operates a Governance model which is open, inclusive and seeks to represent the wishes of its members in the pursuit of the club’s objectives. An executive Board, elected by the members annually, ensures that the club operates within the memorandum and articles of association and that volunteer and official time is focused and targeted at achieving the overall club objectives. A series of committees representing the different functional areas of the club (Youth/Junior rugby section, Commercial, Events, Press and Marketing) are established to deal with the day to day running of the club. These committees come together periodically as a management committee to assess the progress of the club. The terms of reference for these committees together with those of the Executive Board and the Management Board are held within the RFL approved club mark file. The Executive Board ensures that the various committees work together to achieve the club objectives and manage this through the Management Board. All meetings held within the governance structure are minuted and minutes are held by the appropriate secretary or chairperson.
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 8
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
3. Statement of Financial Activities
This section includes the Income and Expenditure Account and Statement of Total Recognised Gains and Losses for the Year Ended 31 December 2021
| Unrestricted | Restricted | Total 2021 | |
|---|---|---|---|
| funds | funds | ||
| Income and Endowments from: | £ | £ | £ |
| Donations and Legacies | |||
| Other trading activities | 24767 | 2292 | 27059 |
| 14865 | 14865 | ||
| Total Income | |||
| 39632 | 2292 | 41924 | |
| Expenditure on: | |||
| Charitable Activities | |||
| (23230) | (4252) | (27482) | |
| Total Expenditure | |||
| Net income [expenditure] and net | (23230) | (4252) | (27482) |
| movement in funds | |||
| 16401 | (1960) | 14441 | |
| Reconciliation of funds | |||
| Total funds brought forward | |||
| Total funds carried forward | 9891 | 4961 | 14852 |
| 26292 | 3001 | 29293 | |
| Unrestricted | Restricted | Total 2020 | |
| funds | funds | ||
| £ | £ | £ | |
| Income and Endowments from: | |||
| Donations andlegacies | 5179 | 6297 | 11476 |
| Other trading activities | 3753 | - | 3753 |
| Total Income | 8932 | 6297 | 15229 |
| Expenditure on: | (6854) | (5563) | (12417) |
| Charitable activities | |||
| Total Expenditure | (6854) | (5563) | (12417) |
| Net income/ [expenditure]and net movement in funds |
2078 | 734 | 2812 |
| Reconciliation of funds | |||
| Total funds brought forward Total funds carried forward] |
7813 | 4227 | 12040 |
| 9891 | 4961 | 14852 | |
| All of the Charity’s activities derive | |||
| from continuing operation during the | above two periods. |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 9
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5. Balance sheet
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fixed Assets Tangible assets |
7,026.80 | 5,000 |
| Current assets | 346 | 80 |
| Debtors | ||
| Cash at bank and in hand | 27931 | 11,471 |
| Creditors: Amounts falling due within one year | (812.22) | (1,375) |
| Net current assets | 27,465 | 10,122 |
| Net assets | 34,492 | 15,122 |
| Funds of the Charity: | ||
| Restricted income funds | 3001 | 4961 |
| Unrestricted income funds Unrestricted income funds |
26562 | 10,161 |
| Total funds | 29563 | 15,122 |
For the year in question the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.
The trustees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on 1[st] June 2022 and signed on their behalf by:
Mr S J Hornby. Trustee
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 10
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.1 Income from donations and legacies
| Unrestricted | ||||
|---|---|---|---|---|
| Funds | ||||
| Restricted | Total | Total | ||
| General | funds | 2021 | ||
| 2020 | ||||
| £ | £ | £ | £ | |
| Donations and legacies: | ||||
| Donations from local collections | 1780 | 1780 | 3,464 | |
| Grants, including capital grants: | ||||
| Government grants | 2292 | 2292 | 4,047 | |
| Grants from other charities | 2,250 | |||
| Subscriptions | 1,715 | |||
| Lottery Membership | 4030 | 4030 | ||
| Insurance Payout | 18767 | 18957 | ||
| 24767 | 2292 | 27059 | 11476 |
- 5.2 Income from other trading activities
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| General | Total | |||
| Total | ||||
| 2021 | 2020 | |||
| £ | £ | £ | ||
| Fundraising income: | ||||
| Sale of purchased goods – bar | 12234 | 12234 | 687 | |
| Sale of donated goods | 171 | 171 | 849 | |
| Sale of shirts and match event tickets | 215 | |||
| Renewable Heat Incentive | 1855 | 1855 | 2,002 | |
| Hire of Clubhouse | 600 | 600 | - | |
| Other | 4 | 4 | - | |
| 14865 | 3,753 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 11
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.3 Expenditure on charitable activities
| 5.3 Expenditure on charitable |
activities | |||
|---|---|---|---|---|
| Activity | Grant | Total | Total | |
| Undertak | funding | 2021 | 2020 | |
| en | of activity | |||
| Directly | ||||
| £ | £ | |||
| £ | £ | |||
| Promoting Rugby League | 1,721 | |||
| Bar and Food purchases inc. after match | 7610 | 7610 | ||
| hospitality | 697 | |||
| Staf Costs | 230 | 230 | ||
| Establishment cost | 4,322 | |||
| Utilities | 3404 | 1769 | 5173 | 0 |
| Clubhouse Costs | 6441 | 888 | 6909 | |
| Ground & Playing Expenses | 2434 | 2434 | 69 | |
| Training courses | - | |||
| TV Licence | 120 | |||
| Ofce expenses | 639 | |||
| Printing, posting and stationery | 53 | |||
| Sundry costs | 687 | 100 | 787 | 142 |
| Cleaning and laundry | 63 | |||
| Lottery Prizes | 2020 | 2020 | 0 | |
| Advertising and promotion | 306 | |||
| Governance costs – accountancy fees | 823 | 300 | 1123 | 960 |
| Depreciation of tangible fxed assets | 1195 | 1195 | 1,883 | |
| Donations to other Charities | 1,200 | |||
| Bank Charges | 242 | |||
| 23230 | 4252 | 27482 | 12,417 |
Included in the expenditure analysed above, there are also governance costs of (2021 - £1123) which relate directly to charitable activities. See note 6 for further details
5.4 Analysis of governance and support costs
Governance costs
| Unrestricted | ||||
|---|---|---|---|---|
| Funds | ||||
| Restricted | Total | Total | ||
| General | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Other governance costs – | 822 | 300 | 1122 | 960 |
| Accountancy | ||||
| fees |
5.5 Government Grants
During the year the club has benefitted from the following government (Sport England) Covid – 19 support schemes
£ Local Covid -19 Return to Play Grant 2292 Total Covid-19 government support 2292
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 12
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration or expenses from the charity during this year.
5.7 Staff costs
The aggregate payroll costs were as follows: 2021 2020 £ £ Staff costs during the year were: Staff costs 230 0
No employee received emoluments of more than £60,000 during the year.
5.8 Taxation
The Charity is a registered charity and is therefore exempt from taxation.
5.9 Tangible Fixed Assets
| 5.9 Tangible Fixed Assets | |||
|---|---|---|---|
| Other | |||
| Furniture | Tangible | ||
| and | fxed | Total | |
| Equipment | Assets | £ | |
| £ | £ | ||
| Cost | |||
| At 1 January 2021 | 1418 | 3582 | 5000 |
| Additions | 2556 | 2106 | 4662 |
| At 31 December 2021 | 3974 | 5688 | 9662 |
| Depreciation | |||
| At 1 January 2021 | 497 | 1253 | 1750 |
| Charge for the year | 250 | 635 | 885 |
| At 31 December 2021 | 747 | 1888 | 2635 |
| Net book value | |||
| At 31 December 2021 | 3,227 | 3,800 | 7,027 |
| At 31 December 2020 | 1,418 | 3,582 | 5,000 |
| 5.10 Debtors | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Other debtors | 80 | ||
| Council Electricity (March 2021 to December 2021) | 346 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 13
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.11 Creditors: amounts falling due within one year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 535 | ||
| 840 | |||
| Blackpool Council (Picnic Benches) | 812 | ||
| Totals | 812 | 1,375 |
5.12 Charity status
The Charity is a Charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of liquidation.
5.13 Funds
| Balance | Incoming | Resources | Balance | |
|---|---|---|---|---|
| as at 1 | Resources | Expended | as at 31 | |
| January | December | |||
| 2021 | £ | £ | 2021 | |
| £ | £ | |||
| Unrestricted funds | 9,891 | 39,632 | (23,231) | 26292 |
| Restricted funds | 4,961 | 2,292 | (4,252) | 3001 |
| Total funds | 14,852 | 41,924 | (27,483) | 29293 |
| Balance | Incoming | Resources | Balance | |
| as at 1 | Resources | Expended | as at 31 | |
| January | December | |||
| 2020 | £ | £ | 2020 | |
| £ | £ | |||
| Unrestricted funds | 7,813 | 8,932 | (6,854) | 9,891 |
| Restricted funds | 4,227 | 6,297 | (5,563) | 4,961 |
| Total funds | 12,040 | 15,229 | (12,417) | 14,852 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 14
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
6. Accounting Policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below:
Statement of compliance
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 the Companies Act 2006.
Basis of Preparation
Blackpool Stanley Rugby League Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy notes.
Going Concern
The financial statements have been prepared on a going concern basis.
As with most businesses the club has been impacted by the Coronavirus [Covid 19] and this has had an impact on the operation and members of the club. The club have utilised grants available from the UK Government and have been taking appropriate steps to safeguard the club’s operations. Whilst the full impact of the global pandemic to the economy and trading operation remains uncertain, the committee believe that the going concern basis of accounting is appropriate.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity’s accounting policies, management is required to make judgements, estimates and exemptions about the carrying values of assets and liabilities that are not really apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered 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 if he revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
The key sources of judgements, estimates and assumptions about the carrying values of assets and liabilities that have a significant effect on the amounts recognised in the financial statements are detailed in the accounting policies.
Income and Endowments
Voluntary income including donations and grants are recognised where there is entitlement, certainty or receipt and the amount can be measured with sufficient reliability.
Sales income from the bar, shirt & ticket sales, donated goods and income derived from events is recognised as earned [that is, as the related goods or services are provided]. As is other income such as income from the renewable heat incentive, hire of the clubhouse and commission.
Donations and Legacies
Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of
Company Number 07104788 Date Issued : 01/06/2022 Charity Number : 1139190 Page 15
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included in the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the amount of grant payable.
Governance costs
These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including accountancy, strategic management and Trustee’s meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered in Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate | |
|---|---|---|
| Furniture and equipment | 35% reducing balance | |
| Plant and machinery | 35% straight line | |
| Company Number 07104788 | Date Issued : 01/06/2022 | |
| Charity Number : 1139190 | Page 16 |
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
In 2021 the clubroom furniture was replaced and so the residual value of the existing furniture was written off.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity’s activities and are initially measured at transaction price.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee’s discretion in furtherance of the objectives of the Charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose
7. Additional Notes
In previous years, the club received a grant of £9,242 from the Suez Communities Trust for the purchase of a tractor £5,800 and further ground works which were carried out in 2018. The grounds works were an immediate reduction to the restricted reserves whereas the grant received for the tractor will be written off as the tractor is depreciated over 5 years. The balance remaining in restricted reserves at 31 December 2021 is £934 (2020 1,868).
In 2019 the club received a further grant from Blackpool Borough Council of £1,304 towards the cost of a defibrillator, again the grant will be written off as the defibrillator is depreciated over 5 years. The balance in restricted reserves as at 31 December 2021 is £521 (2020 - £782)
In 2020 the club received a grant from Blackpool Council – Layton Ward for £500 for improvements of the CCTV system at the club house. These works have yet to be undertaken, the balance at 31 December 2021 is £500 (2020 - £500).
Also in 2020 the club received a grant from Blackpool Council – Layton Ward for £1,047 towards a kit for a new junior team. Due to the restrictions surrounding COVID 19 and activity allowed to take place these funds have not yet been spent. The balance as at 31 December 2021 was £1,047 ( 2020 - £1,047).
The club received a grant in 2020 from Sport England for £2,250 to support the clubs fixed costs during the COVID pandemic. During 2020 £1,485 was spent. During 2021 the club spent the residual £765 and the grant has now been fully utilised. The balance remaining at December 2021 is nil (2020 - £765).
In 2021 the club received £2,292 discretionary grant from Sport England to help with returning the clubs teams to play following the relaxation of COVID 19 restrictions. In 2021 the club has spent £2,292 and the grant has been fully utilised.
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 17
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
Blackpool Stanley Rugby League Club
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements for the Year Ended 31 December 2021
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 1
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31" December 2021 Company Number 07104788 Charity Number: 1139190 Date Issued 0110612022 Page 2
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
Contents
Contents
| 1. Reference and Administrative Details......................................................3 |
|---|
| 2. Trustees Report 2021..................................................................................4 |
| 2.1 Trustees........................................................................................................4 |
| 2.2 Objectives and activities...............................................................................4 |
| 2.3 Public beneft................................................................................................4 |
| 2.4 Financial Review........................................................................................4 |
| 2.5 Reserves Policy.............................................................................................5 |
| 2.6 Going concern..............................................................................................5 |
| 2.7 Achievements and Performance 2021..........................................................5 |
| 2.8 Plans for Future Periods................................................................................6 |
| 2.9 Structure, Governance & Management.....................................................6 |
| 3. Statement of Financial Activities..............................................................8 |
| 5. Balance sheet...............................................................................................9 |
| 6. Accounting Policies....................................................................................14 |
| 7. Additional Notes........................................................................................16 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 3
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
1. Reference and Administrative Details
Trustees
Mr S Clements Mr S Gilderdale Mr J H Gill Mr S J Hornby Mr K Laycock Mr G Parker Mr M Sinclair-Sly
Place of Business
Rathlyn Avenue Blackpool FY3 8ED
The Charity is incorporated in England & Wales.
Company Registration Number 07104788
Charity Registration Number 1139190
Bankers Lloyds Bank 30 Corporation Street Blackpool Lancashire
General Information
The company is a charitable company limited by guarantee incorporated in England and Wales.
The postal address is: Club Secretary c/o 46, Leeds Road, Blackpool FY1 4HJ
These financial statements were authorised by the Board on 1[st] June 2022
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
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Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
2. Trustees Report 2021
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2021. This trustees' report includes the directors' report and as such fulfils the requirements by company law.
2.1 Trustees
Mr S Clements Mr S Gilderdale Mr J H Gill Mr S J Hornby Mr K Laycock Mr G Parker Mr M Sinclair-Sly
2.2 Objectives and activities
The objective of the club shall be to promote and further the interests of Rugby League in Blackpool and wherever possible the surrounding areas.
The aims and objectives should be consistent with the furthering of equal opportunities.
2.3 Public benefit
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
2.4 Financial Review
The club maintained its policy of making rugby league free at the point of delivery with no players paying subscriptions. However, every member was encouraged to support the recycling policy of the club by donating clothes and textiles and also to join the club lottery.
The club maintained a fully operational club house at Kingscote Park, Layton. All facilities both social and playing were fully available to members and guests throughout the year. Revenue from bar and kitchen sales increased throughout the year as the services were established and extended.
Club house revenues recovered following the relaxation of COVID 19 restrictions as 2021 progressed.
The club continued to expand the club lottery with membership increasing from around 70 to 90 during 2021. The introduction of Darts and Dominos teams who regularly use the clubhouse helped with an increase in club lottery membership. Company Number 07104788 Date Issued : 01/06/2022 Charity Number : 1139190 Page 5
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
The club remained a fully accredited member of Ofgem’s Non Domestic Renewal Heat Incentive and submitted regular quarterly energy readings throughout 2021. The club received payments from the scheme quarterly throughout 2021.
The club benefited from a successful business continuity insurance award as a result of reduced revenues caused by various COVID 19 restrictions throughout 2021.
The club was successful in applying for a Sport England return to play grant.
2.5 Reserves Policy
The charity operates a reserves policy that reviews the amount of reserves required to ensure that they are adequate to fulfil the charity’s continuing obligations on a quarterly basis.
2.6 Going concern
Due to the increased number of none specific rugby league activity generating additional income and the close monitoring of expenditure the club continues to be a going concern.
2.7 Achievements and Performance 2021
The club fielded one side in Division 5 North & West of the North West Mens League in 2021. The club fulfilled all its membership responsibilities to the North West Mens League. COVID 19 regulations and restrictions reduced the number of teams per division and consequently the number of fixtures (home and away) that were played. Outbreaks of COVID 19 during the playing season meant that no team in the division completed its scheduled fixture list in full. League standings were calculated on the basis of win percentage. There were no cup competitions or play-offs in the 2021 playing season.
The club finished the season in first position in Division 5 North and West having completed 10 of 14 scheduled fixtures. 1 away game and 3 home games were not completed. The win percentage was 90%.
Average numbers of participants exceeded 25 over the course of the season
The club didn’t manage to field any junior / youth teams in 2021, partly because the availability of volunteers and concerns/regulations around COVID 19.
The club fully funded a variety of volunteer training in 2021 including first aid courses, safeguarding courses and coaching courses in pursuit of its aims and objectives and the maintenance of the Rugby Football Leagues Club Mark standard.
Masters rugby league was not played under the club’s umbrella during 2021, however Blackpool Masters RL chose to use the club as a venue for festivals during 2021.
The club continued to develop links with the wider community of Layton.
Company Number 07104788 Date Issued : 01/06/2022 Charity Number : 1139190 Page 6
Blackpool Stanley Rugby League Club
Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
-
The club was used by Blackpool Council to host a summer school one day a week throughout the school summer holidays
-
A volunteer week was organised by the Trinity Parish and a number of longstanding jobs on the park were completed. The club made its facilities available in support of the event.
-
The club ran a Christmas Hamper Appeal in 2021. Donations from various sources meant the club were able to deliver 60 food hampers to families in need in the Layton area at Christmas.
-
The club established links with many of the primary and high schools in its immediate area during 2021.
The club hosted a number of Darts and Dominos matches in the local leagues during the final months of 2021. This increased membership and added to revenues.
The club struggled to fulfil all its development plans during 2021. This was largely due to the availability of volunteers, partly as a result of COVID 19 but also because of a shortage of suitable volunteers in the area.
2.8 Plans for Future Periods.
The club plans to continue its development of rugby league during the next period (2022). The club will do this by
-
Increasing the number of participants in the sport by increasing the numbers of teams playing competitive games under the club umbrella, including the development of Masters Rugby League and Primary League at the club.
-
Develop further links with schools in the immediate catchment area so that young people can be aware of the club and signposted to it.
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Develop sources of volunteers to support the development activities. This may include the appointment of a Development Officer, subject to funding, Council support and NGB support.
-
Work closely with Blackpool Council to improve the overall facilities available to young people through the club at Kingscote Park.
The club also aims to develop other sources of income during 2022. The club will do this by
-
Increase the use of the club house by other community groups. This would include establishing regular darts and dominos matches in the local summer league.
-
Increase the number of community events on the park that will bring increased use and revenues to the club house.
-
2.9 Structure, Governance & Management
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 7
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
Blackpool Stanley operates a Governance model which is open, inclusive and seeks to represent the wishes of its members in the pursuit of the club’s objectives. An executive Board, elected by the members annually, ensures that the club operates within the memorandum and articles of association and that volunteer and official time is focused and targeted at achieving the overall club objectives. A series of committees representing the different functional areas of the club (Youth/Junior rugby section, Commercial, Events, Press and Marketing) are established to deal with the day to day running of the club. These committees come together periodically as a management committee to assess the progress of the club. The terms of reference for these committees together with those of the Executive Board and the Management Board are held within the RFL approved club mark file. The Executive Board ensures that the various committees work together to achieve the club objectives and manage this through the Management Board. All meetings held within the governance structure are minuted and minutes are held by the appropriate secretary or chairperson.
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 8
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
3. Statement of Financial Activities
This section includes the Income and Expenditure Account and Statement of Total Recognised Gains and Losses for the Year Ended 31 December 2021
| Unrestricted | Restricted | Total 2021 | |
|---|---|---|---|
| funds | funds | ||
| Income and Endowments from: | £ | £ | £ |
| Donations and Legacies | |||
| Other trading activities | 24767 | 2292 | 27059 |
| 14865 | 14865 | ||
| Total Income | |||
| 39632 | 2292 | 41924 | |
| Expenditure on: | |||
| Charitable Activities | |||
| (23230) | (4252) | (27482) | |
| Total Expenditure | |||
| Net income [expenditure] and net | (23230) | (4252) | (27482) |
| movement in funds | |||
| 16401 | (1960) | 14441 | |
| Reconciliation of funds | |||
| Total funds brought forward | |||
| Total funds carried forward | 9891 | 4961 | 14852 |
| 26292 | 3001 | 29293 | |
| Unrestricted | Restricted | Total 2020 | |
| funds | funds | ||
| £ | £ | £ | |
| Income and Endowments from: | |||
| Donations andlegacies | 5179 | 6297 | 11476 |
| Other trading activities | 3753 | - | 3753 |
| Total Income | 8932 | 6297 | 15229 |
| Expenditure on: | (6854) | (5563) | (12417) |
| Charitable activities | |||
| Total Expenditure | (6854) | (5563) | (12417) |
| Net income/ [expenditure]and net movement in funds |
2078 | 734 | 2812 |
| Reconciliation of funds | |||
| Total funds brought forward Total funds carried forward] |
7813 | 4227 | 12040 |
| 9891 | 4961 | 14852 | |
| All of the Charity’s activities derive | |||
| from continuing operation during the | above two periods. |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 9
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5. Balance sheet
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fixed Assets Tangible assets |
7,026.80 | 5,000 |
| Current assets | 346 | 80 |
| Debtors | ||
| Cash at bank and in hand | 27931 | 11,471 |
| Creditors: Amounts falling due within one year | (812.22) | (1,375) |
| Net current assets | 27,465 | 10,122 |
| Net assets | 34,492 | 15,122 |
| Funds of the Charity: | ||
| Restricted income funds | 3001 | 4961 |
| Unrestricted income funds Unrestricted income funds |
26562 | 10,161 |
| Total funds | 29563 | 15,122 |
For the year in question the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.
The trustees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on 1[st] June 2022 and signed on their behalf by:
Mr S J Hornby. Trustee
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 10
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.1 Income from donations and legacies
| Unrestricted | ||||
|---|---|---|---|---|
| Funds | ||||
| Restricted | Total | Total | ||
| General | funds | 2021 | ||
| 2020 | ||||
| £ | £ | £ | £ | |
| Donations and legacies: | ||||
| Donations from local collections | 1780 | 1780 | 3,464 | |
| Grants, including capital grants: | ||||
| Government grants | 2292 | 2292 | 4,047 | |
| Grants from other charities | 2,250 | |||
| Subscriptions | 1,715 | |||
| Lottery Membership | 4030 | 4030 | ||
| Insurance Payout | 18767 | 18957 | ||
| 24767 | 2292 | 27059 | 11476 |
- 5.2 Income from other trading activities
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| General | Total | |||
| Total | ||||
| 2021 | 2020 | |||
| £ | £ | £ | ||
| Fundraising income: | ||||
| Sale of purchased goods – bar | 12234 | 12234 | 687 | |
| Sale of donated goods | 171 | 171 | 849 | |
| Sale of shirts and match event tickets | 215 | |||
| Renewable Heat Incentive | 1855 | 1855 | 2,002 | |
| Hire of Clubhouse | 600 | 600 | - | |
| Other | 4 | 4 | - | |
| 14865 | 3,753 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 11
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.3 Expenditure on charitable activities
| 5.3 Expenditure on charitable |
activities | |||
|---|---|---|---|---|
| Activity | Grant | Total | Total | |
| Undertak | funding | 2021 | 2020 | |
| en | of activity | |||
| Directly | ||||
| £ | £ | |||
| £ | £ | |||
| Promoting Rugby League | 1,721 | |||
| Bar and Food purchases inc. after match | 7610 | 7610 | ||
| hospitality | 697 | |||
| Staf Costs | 230 | 230 | ||
| Establishment cost | 4,322 | |||
| Utilities | 3404 | 1769 | 5173 | 0 |
| Clubhouse Costs | 6441 | 888 | 6909 | |
| Ground & Playing Expenses | 2434 | 2434 | 69 | |
| Training courses | - | |||
| TV Licence | 120 | |||
| Ofce expenses | 639 | |||
| Printing, posting and stationery | 53 | |||
| Sundry costs | 687 | 100 | 787 | 142 |
| Cleaning and laundry | 63 | |||
| Lottery Prizes | 2020 | 2020 | 0 | |
| Advertising and promotion | 306 | |||
| Governance costs – accountancy fees | 823 | 300 | 1123 | 960 |
| Depreciation of tangible fxed assets | 1195 | 1195 | 1,883 | |
| Donations to other Charities | 1,200 | |||
| Bank Charges | 242 | |||
| 23230 | 4252 | 27482 | 12,417 |
Included in the expenditure analysed above, there are also governance costs of (2021 - £1123) which relate directly to charitable activities. See note 6 for further details
5.4 Analysis of governance and support costs
Governance costs
| Unrestricted | ||||
|---|---|---|---|---|
| Funds | ||||
| Restricted | Total | Total | ||
| General | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Other governance costs – | 822 | 300 | 1122 | 960 |
| Accountancy | ||||
| fees |
5.5 Government Grants
During the year the club has benefitted from the following government (Sport England) Covid – 19 support schemes
£ Local Covid -19 Return to Play Grant 2292 Total Covid-19 government support 2292
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 12
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration or expenses from the charity during this year.
5.7 Staff costs
The aggregate payroll costs were as follows: 2021 2020 £ £ Staff costs during the year were: Staff costs 230 0
No employee received emoluments of more than £60,000 during the year.
5.8 Taxation
The Charity is a registered charity and is therefore exempt from taxation.
5.9 Tangible Fixed Assets
| 5.9 Tangible Fixed Assets | |||
|---|---|---|---|
| Other | |||
| Furniture | Tangible | ||
| and | fxed | Total | |
| Equipment | Assets | £ | |
| £ | £ | ||
| Cost | |||
| At 1 January 2021 | 1418 | 3582 | 5000 |
| Additions | 2556 | 2106 | 4662 |
| At 31 December 2021 | 3974 | 5688 | 9662 |
| Depreciation | |||
| At 1 January 2021 | 497 | 1253 | 1750 |
| Charge for the year | 250 | 635 | 885 |
| At 31 December 2021 | 747 | 1888 | 2635 |
| Net book value | |||
| At 31 December 2021 | 3,227 | 3,800 | 7,027 |
| At 31 December 2020 | 1,418 | 3,582 | 5,000 |
| 5.10 Debtors | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Other debtors | 80 | ||
| Council Electricity (March 2021 to December 2021) | 346 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 13
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
5.11 Creditors: amounts falling due within one year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 535 | ||
| 840 | |||
| Blackpool Council (Picnic Benches) | 812 | ||
| Totals | 812 | 1,375 |
5.12 Charity status
The Charity is a Charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of liquidation.
5.13 Funds
| Balance | Incoming | Resources | Balance | |
|---|---|---|---|---|
| as at 1 | Resources | Expended | as at 31 | |
| January | December | |||
| 2021 | £ | £ | 2021 | |
| £ | £ | |||
| Unrestricted funds | 9,891 | 39,632 | (23,231) | 26292 |
| Restricted funds | 4,961 | 2,292 | (4,252) | 3001 |
| Total funds | 14,852 | 41,924 | (27,483) | 29293 |
| Balance | Incoming | Resources | Balance | |
| as at 1 | Resources | Expended | as at 31 | |
| January | December | |||
| 2020 | £ | £ | 2020 | |
| £ | £ | |||
| Unrestricted funds | 7,813 | 8,932 | (6,854) | 9,891 |
| Restricted funds | 4,227 | 6,297 | (5,563) | 4,961 |
| Total funds | 12,040 | 15,229 | (12,417) | 14,852 |
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 14
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
6. Accounting Policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below:
Statement of compliance
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 the Companies Act 2006.
Basis of Preparation
Blackpool Stanley Rugby League Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy notes.
Going Concern
The financial statements have been prepared on a going concern basis.
As with most businesses the club has been impacted by the Coronavirus [Covid 19] and this has had an impact on the operation and members of the club. The club have utilised grants available from the UK Government and have been taking appropriate steps to safeguard the club’s operations. Whilst the full impact of the global pandemic to the economy and trading operation remains uncertain, the committee believe that the going concern basis of accounting is appropriate.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity’s accounting policies, management is required to make judgements, estimates and exemptions about the carrying values of assets and liabilities that are not really apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered 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 if he revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
The key sources of judgements, estimates and assumptions about the carrying values of assets and liabilities that have a significant effect on the amounts recognised in the financial statements are detailed in the accounting policies.
Income and Endowments
Voluntary income including donations and grants are recognised where there is entitlement, certainty or receipt and the amount can be measured with sufficient reliability.
Sales income from the bar, shirt & ticket sales, donated goods and income derived from events is recognised as earned [that is, as the related goods or services are provided]. As is other income such as income from the renewable heat incentive, hire of the clubhouse and commission.
Donations and Legacies
Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of
Company Number 07104788 Date Issued : 01/06/2022 Charity Number : 1139190 Page 15
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included in the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the amount of grant payable.
Governance costs
These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including accountancy, strategic management and Trustee’s meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered in Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate | |
|---|---|---|
| Furniture and equipment | 35% reducing balance | |
| Plant and machinery | 35% straight line | |
| Company Number 07104788 | Date Issued : 01/06/2022 | |
| Charity Number : 1139190 | Page 16 |
Blackpool Stanley Rugby League Club Annual Report and Unaudited Financial Statements for the Year Ended 31[st] December 2021
In 2021 the clubroom furniture was replaced and so the residual value of the existing furniture was written off.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity’s activities and are initially measured at transaction price.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee’s discretion in furtherance of the objectives of the Charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose
7. Additional Notes
In previous years, the club received a grant of £9,242 from the Suez Communities Trust for the purchase of a tractor £5,800 and further ground works which were carried out in 2018. The grounds works were an immediate reduction to the restricted reserves whereas the grant received for the tractor will be written off as the tractor is depreciated over 5 years. The balance remaining in restricted reserves at 31 December 2021 is £934 (2020 1,868).
In 2019 the club received a further grant from Blackpool Borough Council of £1,304 towards the cost of a defibrillator, again the grant will be written off as the defibrillator is depreciated over 5 years. The balance in restricted reserves as at 31 December 2021 is £521 (2020 - £782)
In 2020 the club received a grant from Blackpool Council – Layton Ward for £500 for improvements of the CCTV system at the club house. These works have yet to be undertaken, the balance at 31 December 2021 is £500 (2020 - £500).
Also in 2020 the club received a grant from Blackpool Council – Layton Ward for £1,047 towards a kit for a new junior team. Due to the restrictions surrounding COVID 19 and activity allowed to take place these funds have not yet been spent. The balance as at 31 December 2021 was £1,047 ( 2020 - £1,047).
The club received a grant in 2020 from Sport England for £2,250 to support the clubs fixed costs during the COVID pandemic. During 2020 £1,485 was spent. During 2021 the club spent the residual £765 and the grant has now been fully utilised. The balance remaining at December 2021 is nil (2020 - £765).
In 2021 the club received £2,292 discretionary grant from Sport England to help with returning the clubs teams to play following the relaxation of COVID 19 restrictions. In 2021 the club has spent £2,292 and the grant has been fully utilised.
Company Number 07104788 Charity Number : 1139190
Date Issued : 01/06/2022
Page 17
Inde endent Examiners Re Ru ort to the Trustees of Black ool Stanle ue Club I report on the accounts of the Blackpool Stanley Rugby League Club for the year ending 31" December 2021 Res onslbSllties and Basis of Re As charity trustees of Blackpool Stanley Rugby League Club, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 14515llb) of the Act. Inde endent Examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= l. Accounting records were not kept in respert of the Trust as required by section 130 of the Act- or 2. The accounts do not accord with those records. 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. Stephen Smith 46 Hodder Way, Poulton-le-Fylde, FY6 8AQ