# **Altofts Community and Sports Foundation Ltd (Limited by Guarantee) incorporating Altofts Community and Sports Faoundation (Trading) Limited**
**Trustees Report and Accounts**
**For the Year Ended 31st March 2021**
## **Registered Charity Number 1142340**
Company Registration No 07525158 (England and Wales)
## **Altofts Community and Sports Foundation Ltd Trustees Report and Accounts For the Year Ended 31st March 2021**
## **Contents**
||Page|
|---|---|
|Company information|2|
|Trustees report|3 - 4|
|Statement of trustees' responsibilities|5|
|Statement of financial activities|6|
|Balance Sheet|7|
|Notes to the accounts|8 - 10|
## **Altofts Community and Sports Foundation Ltd Trustees Report and Accounts For the Year Ended 31st March 2021**
|Trustees|David Parker|Chair|
|---|---|---|
||David Norris||
||David Large||
||David Holmes||
||Joanne Hepworth||
||Paul Greatorex||
||Lynn Greaterex||
||Neil Greaterex||
||Michael Honey||
||Timothy Johnson||
|Company Secretary|David Parker||
|Registered Office|1 St Mary's Road||
||Altofts||
||Wakefield||
||West Yorkshire||
||WF6 2JH||
|Independent Examiner|Not Required||
|Bankers|HSBC||
||PO Box 33||
||66 Westgate||
||Wakefield||
||West Yorkshire||
||WF1 1XB||
|Company Registration Number|07525158||
|Charity Registration Number|1142340||
2
## **Altofts Community and Sports Foundation Ltd Trustees Report and Accounts For the Year Ended 31st March 2021**
## **Aims and Objectives**
Our charity's aims, as contained in the memorandum of association, are the promoting and facilitating of health, social and community based opportunities for all residents in the wider Altofts area.
## **How our Activities Deliver Public Benefit**
This year has seen a decreaase in the use of our facility due to two prolonged periods of enforced closure under the national lockdowns. Ironically a growing and wider number of community groups have now decided to use our facility. The facility is now being viewed locally and more widely as a significant community asset. As a Charity all profits on revenue are invested back into the facility, along with grants and donations, which has brought about a steady improvement in the overall
As a result of this growth and improvement our Charity has increasingly been able to demonstrate that our enterprise is sustainable and attractive to grant funding bodies. Over £15,000 of grants were secured in this manner. In addition, almost £20,000 was received from National and Regional funding schemes to assist similar organisations through the COVID-19 pandemic and subsequent recovery.
Key community groups that use our facility have been able to grow their membership and improve their offer to the wider community. These include:
Altofts Juniors Football Club Altofts Community Book Swap Normanton Lions Altofts Community Cycling Club Castleford Water Polo Club
Additional income from room hire to 12 community groups and classes has allowed the Charity to meet running costs and reducing some of the burden on our subsiduary trading comapny in that regard.
## **Main Achievements During the Year**
The main achievement has been the ability to sustain the facility and the wider enterprise despite enforced closure under national direction for half of the year. Advantage was taken of that situation to undertake signifcant improvements to the facility including the installation of new fire alarm and
3
## **Altofts Community and Sports Foundation Ltd Trustees Report and Accounts For the Year Ended 31st March 2021**
## **Financial Review**
The main achievement has been the securing of a thirty lease on eight acres of public open space which surrounds our facility. It is our plan to improve this land over future years to create improved community open space and new community sports pitches.
## **Plans for Future Periods**
Plans for future periods our focused in three areas.
Firstly, further key improvements to our facility in key areas such as security, sanitation and upgraded fixtures and fittings. These are aspects which can be funded directly through specific grants targeted at these areas. Growing usage as proof of our capability to meet the needs of a wider number of community groups is key to being successful in securing such grants. Additional improvements, which cannot be secured through grants, will need to be funded through increased trading and fund-raising.
Secondly, to provide improved community open areas and sports pitches. Our charity has secured a thirty year lease on over eight acres of public open space around our facility. This area will require securing significant levels of funding from organizations such as the Football Association and Sports England. Our proven ability to manage a community facility and the recognition of Altofts Juniors as an organization is judged to be in the top ten per cent of its kind in the country are aspects which have helped our charity develop positive initial liaison with these bodies and other agencies.
Thirdly, and the closest to the aims of our charity, is increased usage of our facility and the external land by an increased number of residents within the wider Altofts area.
4
## **Altofts Community and Sports Foundation Ltd Trustees Report and Accounts For the Year Ended 31st March 2021**
## **Statement of Directors' and Trustees' Responsibilities**
The trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its net income and expenditure for the year
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any
- - material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
## **Altofts Community and Sports Foundation Ltd Statement of Financial Activities**
## **For the Year Ended 31st March 2021**
## **Incoming Resources**
|**2021**
**Total funds**
**(Unrestricted)**
**Notes**
**£**
**Incoming Resources**
**_Incoming resources from generated funds_**
Voluntary income
2
5,220
Activities for generating funds
3
115,388
Investment income
4
32,793
153,401
**Resources Expended**
Cost of charitable activities
5
142,128
Governance costs
6
201
**Total resources expended**
142,329
**Net movement in funds**
11,072
General funds
18,996
**Total funds carried forward**
30,068|2020
22,679
192,034
-|
|---|---|
||214,713|
||201,510
503|
||202,013|
||12,700
6,296|
||18,996|
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The Statement of Finanical Activities includes all gains and losses in the year.
All incoming resources and resources expended derive from continuing activities
6
## **Altofts Community and Sports Foundation Ltd Balance Sheet at 31st March 2021**
|Note
**Fixed Assets**
Investments
7
Tangible fixed assets
9
**Current Assets**
Stock
Debtors
Cash and bank in hand
Creditors: Amounts falling due within one
Working Capital
Creditors: Long term liabilities
**Net assets**
**Funds**|1,668
-
31,788|**2021**
**£**
9,188
8,910
33,456
1,995
31,461
20,000
29,559
29,559|3,725
-
14,490|2020
£
9,188
8,910
18,215
23,676|
|---|---|---|---|---|
||year||||
|||||(5,461)|
|||||2,460|
|||||10,177|
||||||
|||||10,177|
The directors are satisfied that the company is entitled to exemption under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibility for
(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and
(ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the company.
## **Approval of accounts**
The accounts were approved by the board of trustees on 29th March 2022 and signed on their behalf by:
## **David Parker**
Company Registration 07525158
7
## **Altofts Community and Sports Foundation Ltd Notes to the Accounts at 31st March 2021**
|**2. Voluntary income**
Donations
**3. Activities for Generating Funds**
Income from trading company
Café Food Sales
Room, Car Park and Pitch Hire
**4. Other income**
Income from Grants
(Loss)/Profit on sale of investments
Bank interest
**5. Cost of charitable activities**
Consultancy Fees
Refurbishment Costs & Maintenance
Website Costs
Advertising
Activities for generating funds
Donations to Local Organisations
**6. Governance costs**
Management fee
Companies House
Stationery
Trustees' Indemnity Insurance
Sundry Expenses|**2021**
**Total funds**
**(Unrestricted)**
**£**
5,220
5,220
108,248
-
7,140
115,388
32,793
-
-
32,793
-
25,739
-
-
116,389
-
142,128
-
-
-
-
201
201|2020
Total
Funds
£
22,679|
|---|---|---|
|||22,679|
|||182,854
367
8,813|
|||192,034|
|||-
-
-|
|||-|
|||-
13,544
-
-
187,966
-|
|||201,510|
|||-
-
-
-
503|
|||503|
8
## **Altofts Community and Sports Foundation Ltd Notes to the Accounts For the Year Ended 31st March 2021**
|**9. Fixed Assets**
Cost at 1st March 2020
Additions
Disposals
At 31st March 2021
Accumilated depreciation
Cost at 1st March 2020
Charge for year
At 31st March 2021
Net book value
At 31st March 2021
At 1st March 2020
**10. Stocks**
Bar stocks for resale
**11. Debtors**
Prepayments
Other Debtors
**12. Creditors**
Trade creditors
HMRC
Accruals
Other Creditors|Fixtures
and
Fittings
21,872
-
21,872
10,386
1,914
12,300
**9,572**
11,486|Computer
Equipment
-
-
-
-
-
**-**
-
**2021**
1,668
-
-
3,733
2,856
-
-
1,118
1,995|Total
16,597
-
-|
|---|---|---|---|
||||21,872|
||||3,319
1,914|
||||5,233|
||||**8,910**
13,278
2020
3,863
-|
||||-|
|||-|6,557
4,654
-
9,352|
||||20,563|
10