Registration nUMr.. 06113654 Radcliffe Borough Community Trust Limited (A company limited by guardntee) Annual R¢N)rt and UnaUdid Financial Statements for the Year Ended 31 May 2024
Radcliffe Borough Community Trust Limited Contents Company Information Directors, Re)rt Accountanis, Report 3to4 Profit and Loss Account Statement of Comprehensive In¢ome Balance Sheet Staiemeni of Chan8es in Equity Noies 10 the Unaudiled Financial StsiemenL8 9t0 11 IXBRL Detailed Profit and Loss Ac¢ount 12
Radeliffe Borough Community Trust Limited Company Inforniation Dirertors P J Lofthouse B F Manning M Mccabe B R Quam)by Compiny seeret#ry M Mccabe Reglstered offlet Radcliffe Borough Fooiball Club Stsinton Park Pilkinton Road RadcliFTe Manchester M263PE Atcountants Xeinadin YoTk5hire & North East Limited Unit 268. Springfield Commercial Centre Bagley Lane Farsley Leeds LS28 SLY Pag¢ I
Rad¢liffe Borough Community Trust Limiled Report of the Trustees for the Year Ended 31 May 2024 The directors present their r¢port and the firn¢la] Staments for the year ended 31 May 2024. Directors of the eompgny The direciors who held office during the year were as follows.. P J Lofthouse B F Manning K Mccabe {ceased l Jun¢ 2024) The following directors were appointed after the year end.. M Mccabe- Direcior {appoinied l June 20241 B R Quannby {appoinied 31 O¢iober 2024) Sm811 companies provislon stxt¢mtDt This report h*5 b¢¢n prepared in accordan¢¢ the special provisions rel1n8 w ¢ompanie$ subject to th¢ small companies Tegime within Part 15 of the Companies Act 2006. Approved and auihorised by the Board on 10 February 2025 signed on its behalf by.. M Mccabe Director Page 2
Accountants, Report to the Board of Directors on the Preparvdtion of the Unaudit¢d Statutor>' Account5 of Radcliffe Borough Community Trust Limited for the Year Ended 31 MYdTr 2024 In order to assist you to fulfil your dllti¢5 under the Companies Aci 21)06. we have pr¢pared for your approval th¢ a¢cowits of RadclitTe Borough Community Trusi Limiied for the year ¢nded 31 May 2024 as sei out on pages 5 to I l from the company's accounting records and from inforrnation and explanations you have given u5. Thi5 Teport is made solely ts) th¢ Board of Direciors of Radcliffe Borough Community Trust Limited, as a body, in accordance with the teTm5 of our engagemeni leller dated l June 2019. Our work has been undertaken solely to prepare for your approval ihe accounts of Radcliffe Borough Community Trust Limited and state those matters that w¢ have agreed to siaie io th¢ Board of Directors of Radcliffe Borough Cornmunity Trust Limited. as a body, in this report in a¢¢ordance with ICAEW Technical Rele 07116 AAF. To the fullest exnI permitt¢d by law. we do not a¢¢¢pt or assume responsibiliry to anyon¢ other than Radcliffe Borough Community Tn( Limiied and its Board of Directors as a IY for our WQTk or for this report. It is your duty to ensure that Radcliffe Borough Community Twst Limiied has kept adequate accounring records and to prepare siatuiory accounts that give a rrne and fair view of ihe assets, liabilities, financial position and loss of Radclifye Borough Community Tn( Limited. You consider thai Radcliffe Borough Community Trust Limiied is exempt from the statuiory audit r¢quiremeni for the year. We have not been instructed io carry oui an audit or a review of the accounts of Radcliffe Borough Community Tnt Limited. For ihis reason. we have verified the accuracy or completeness of the accounting record5 or infomiaiion and explanations you hav¢ given to us and we do noL therefore. express any opinion on the siaiuLOry a¢counts. Independent ex#mln¢rs report to the truslees of Radeiiif¢ Borough Community Trust Llmlted ('The Cornpany,) l Teport to the charity trw¢¢es on my examination of the accounLS of the Company for the year ended 31 May 2021. Responslbllltle$ basls of report As the charity 1rn5tee5 of the Company (and 41s0 its Directors for the purposes of Company lawl you are responsible for the preparation of the a¢¢ounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Independent examlners stAtern¢Dt I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me ¢4we to believe. l. Accounting records were not kept in respeci of the CompAny as required by section 386 of the 2006 A¢t: or 2. The accounts do not accord wilh those records.. or 3. The accounls do not comply with the accounting requirements of section 396 of the 2006 Companies Act other than any requirement that the ac¢ounts give a true and fair View which is not a matter consideTed as part of an irhdependeni examination- or 4. The accounts have noi been prepwed in accordance with ihe meth$ and prin¢iple5 of the Statement of Recommended Practice for a¢countiThg and reponing by charities 18pplicable to charities preparing their accounts in accordanc¢ with the Financial Rerx)ning Stsndard appIlble in the UK and Republic of Ireland (FRS 10211. have no concerns and have come across no other rnallers in connection with the examination to which atteniion should be drawn in this report in order to enable a proper understhnding of ihe accounts lo be Tea¢hed. Page 3
A¢countants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Aecounts of Radcliffe Borough Community. Trust Limited for the Year Ended 31 May 2024 ¥_..hkn c. Xeinadin Yorkshire & North E&si Lirnited Unli 26g. Springfi¢ld Corntnercial Centre Bagley Lan¢ Farsley Le¢ds LS28 SLY 10 February 2025
Radcliffe Borough Community Trust Limited Profit and Loss Aceouni for the Year Ended 31 May 2024 2024 2023 Not¢ Turnover 51.716 69.920 Cost of sales {24,696) 30.763 Gross surplus 27,0?0 39.157 Administrative expenses Operatin8 (defieitllsurplus (30.911) {27,586) (3.891) (tkficitysurplus before tax (3,891) Tax on {lossyprofit 12,198 IDefiCIt)Isurplus for the financial year 3.891 9.373 The above results were derived from coniinuing oper4tions. The ¢ompany has no recognised gains or losges f(* the year other than the results above. The n(Aes on pages 9 to I I forni an inregral part of these financial 5tateTnents. Page 5
Radcliffe Borough Community Trust Limited Statement of Comprehensive Income for the Year Ended 31 May 2024 2024 2023 {DeficitVsurplus for the year 3.891 9,373 Total ¢omprehensive income for the year (3,891 9,373 The noies on pages 9 to I I form an integral part ofthese financial statements. Page 6
Radcliffe Borough Community Trust Limited (Registration number: 061136S4) Balan¢e Sheet as at 31 May 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 8.663 16.099 6,456 11,955 24.762 Creditors.. Amounis falling due within one year N¢t #ets 15.510 (5.2681 9,252 13.143 Reserves Retained eamings Surplus 9.252 13.143 9,252 13.143 For the financial year endirtg 31 May 2024 the company was entitled io exemption from audit under section 477 of the Companies A¢t 2006 relating to small companies. Directors, respon5ibilities'. The members have nol required the company io obthin an audit of its accouftts for the year in question in actordan¢e wilh section 476: and The directors acknowledge their responsibiliiies for complying with the requirements of ihe Aci with respect to accouniing re¢ord5 and the preparnion of accounts. These financial siat¢m¢nts have been prepared in accordance with the Special provisions relatin8 10 ¢ompanies subject to the small ¢ompanies regime wiihin Part 15 of the Companies Act 2006. Approved an rised by ihe Board on 10 February 2025 and signed on its behalf by- M Mccabe Director The notes on pages 9 10 1 I fomi an inte] part of these financial siatemen(s. Page 7
Rad¢liffe Borough Community Trust Limiled Statement of Changes in Equity for the Year Ended 31 May 2024 Retained earnings Total At l June 2023 Deficit for ihe year 13.143 (3.891 } 13.143 {3.891) At 31 May 2024 9,252 R¢t8ined ¢4rnings 9,252 Total At l June 2022 surp] for the year 3,770 9,373 3,770 9.373 At 31 May 2023 13.143 13,143 The notes on pages 9 10 1 I forni an integral part of these financial 51atements. Page 8
Radcliffe Borough Community Trust Limited Notes to the Unaudited Financial St21ement5 for the Year Ended 31 May 2024 l Gener81 inforrnalion The company is a company limited by guaranttt, incorpordted in England and Wa1¢5, and consequently does not have share capttal. Each of ihe members is liable to contribute an amount not ¢xc¢eding £Nil towards the assets of the company in the eveni of liquidation. The addr¢ss of ils regisled ol¢t s- Radcliffe Borough Football Club Siainton Park Pilkinton Road Radcliffe Manchester M26 3PE These financial siatements were auihorised for t¢ by the Board on 10 February 2025. 2 Aeeountlng poli¢les Summary of signil]e#nt #ttounting policies #nd key aecountln% es1irn*tes The principal accountin8 poli¢ies applied in the Preparation of th¢se financial statements are set out below. These policies have been consistenily applied to all the years presenied, unless Otherwise 51ated. Statemenl of compliance These financial statements have been prepattd in a¢¢ordance with Financial Reporting Standard 102 Section IA smaller eniiiies - The Financial Reporting Standard applicable in the Uniied Kingdom and Republic of Ireland, and the Companies Act 2006 las appli¢able io companies subjeci io the small ¢0MnieS, regime). Basls of prepar41ion These financial statements have been prepared usit18 ihe historical Cost convention excepi Ihai a5 disclosed in the accouniin8 poli¢ies certain items are shown at faÉr value. Going concern The finan¢Éal Statements have been pr¢pored a going concern blsis. Revenu¢ r¢¢ognition Turnover comprises the fair value of the con5ideryJtion received or receivable for ihe sale of goods and provision of services in the ordinary course of the ¢ompany'5 activities. Turnover is shown net of saleslvalue added tax, returns, rebates and discounts. The cornpany recognises revenue when: The amount of revenue can be reliably measured; it Is probable thai fi]ture economic benefits will flow io the ¢ntity- and specific criteria have been met for each of the company's activities. Tax The t&K expense for the peri(Kl comprises x. Tax is recognis¢d in profit or los4 except that a change attributable to an item of income or expense recognised &5 other comprehensive income is a150 recognised directly in other comprehensive income. The current income charge is calculated on the b&%is of tax rntes and laws that have b¢en enacted or subsiantiyely enacted by the rewrting dale in ihe countri¢s where the company operates and generates thxable income.
Radeliffe Borough Community Trust Limited Nol¢s to the Unaudited Financial Slatements for the Ye8r End 31 May 2024 Cash and cash equivalents Cash and cash equivalents Comprise cash on hand and call deposi ond other short-ierni highly liquid inVestents thai are readily convertibl¢ to a known amouni of cash and are Subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold ty services F*rforn)ed in the ordinary course of business. Trdde debiors are recognised iniiially ai the irdnsaction price. They are subsequenily measur¢d at atnort15ed cost using the effective interest meihod. less provision for impainnent. A provision for the impainnent of trade debtors is established when ihere is objective evidence thai the company will not be able to colleci all amounts due according io the original t¢nns of the receivables. Trade creditors Trade cr¢ditors are obligations io pay for gOS or services thai have been a¢quired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilitie5 if ihe company does noi have an unconditional right, ai ihe end of the reporting period. io defer settlem¢ni of the creditor for at least twelve months after the reporting dale. If there is an unconditional right to defer Settlement for at leas( Iwelv¢ months after the reporting date. they Ore presented as nort<urreni liabililies. Trdde creditors are recogni5ed initially the transac¢ion price and sulwuently meLwred at omortised cost using the effeciive iniere5t rneihod. 3 Debtors 2024 2023 Current Trdde debtors Prepawnents Other debtors 365 960 3,298 5.496 8.663 6,456 Page 10
Radcliffe Borough Community Trusl Limited Notes to tbe Unaudited Financial Statem¢nt$ for Ihe Year Ended 31 MAY 2024 4 Credltors Creditors: #mollnl$ falling due within one year 2024 2023 Due within one ye#r Trade crediiors Taxation and social security Accruals and deferred in¢ome Other creditors 16,0001 9.558 1,560 150 7,650 1,860 15,510 5,268 S Related p#rty trnn5actlons Summary of tran$a¢iions wlth p*reTrt Ai 3 1st May 2024. the company was owed £3,298 (2023 £5.946) by RBFC Limiied, the company's parent. Sumrn4ry of transactlons wlth S0¢141¢5 At 31st May 2024, the company owed £7.650 (2023 £7,650) to Radcliffe Borough Sports & Social Club Limited, th¢ ¢ompany's associate. Pagell
R2d¢liffe Borough Community Trust Limited IXBRL Detailed Profil and Loss Account for the Year Ended 31 May 2024 2024 2023 Turnover In¢om¢ & Sale5 Grdnts and subsidies 48.716 3,000 56,320 13,600 51,716 69,920 Cost ofssles Pur¢hase5 Pete Tuition 2.316 22.380 8.103 22.660 24,696 30.763 Gross Profit Gross Profil (Oh) 27.0?0 39,157 Gen¢ril administrative expenges Rent and rates Facilities Hire Repairs and maintenance Telephone and fax Computer software and mainienance ¢05ts Printing. postage and stationery Trade Subscriptions Sundry Travel and subsisi¢n¢e A¢¢ounlallCy fees Bank charges 29,000 (3,5(H)) 212 445 1,791 187 40 153 435 .950 198 24,000 1,274 2,040 182 30,911 27,586 Operating (deficiiysurplus {Deficitysurplus before lax 3.891 3,891 This page does noi forn) part of the stknitory financial statements. Page 12