Charlty registration number 1143054 Company reglstratlon numb8r 07447106 (England and Wales) COCKLESHELL COMMUNITY SPORTS CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
COCKLESHELL COMMUNITY SPORTS CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rebecca Parkyn Jayne Marie Mills John Cronin (Appointed 10 Novernber 2023) (Appointed 6 November 2023} (Appointed 10 Novèrnber 20231 Joanna Hindson Jennifer Verhlesl Charlty number 1143054 Company number 07447106 Reglstorèd offlce 35-37 St Simon's Road Southsea Hampshire P05 2PE Independent examlner Claire NonNood Bsc FCAATII Jones Avens Limited Plper House 4 Dukes Court Bognor Road Chichester Wesl Sussex P019 8FX
COCKLESHELL COMMUNITY SPORTS CLUB CONTENTS Page Trustees, reptrrt Independent examiner's report Slalemenl of financial activities Balance sheet Notes lo the financial slalements 6-12
COCKLESHELL COMMUNITY SPORTS CLUB TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report and financlal slalements for thè year ended 31 March 2023. The financial slalemenls have been prepared in accordance with the accounllng policies sel out Sn note 1 to the financial slalemenls and comply with the charity's Memorandum and Articles Of Associallon. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Piaclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102} leffective 1 January 20191" Oblèctlves and actlvities The charity's objects, as sel out in the Articles of Association, 8re to.. To continue to provide and develop playing fields for the use of SkX)rting organisallons. schools and the general public. To support Ioc81 charities and charftsble organisatlons by the provision of facilities. To develop and improve the facilities available lo all. To develop liaisons with other organisalions by sharing resources and facilities To eonlinue a programme of regular mainlgnance on the sile. The Trustees hav& pald due regard lo guidance issued by the Charity Commission in d8clding what activltle8 the charity should undertake. Achlevements and perfomian¢• Cocklesh611 Community Sports Club was indebted this year lo the hirers of our grounds for don8ilons lolallin9 £17,821 which guaranteed the Club's surviv81 in the absence of any reslricled grants In the year. The company would also like to thank the representatives from all organisations who use the grounds for their continued support Induding help in maintaining the grounds and in the management of the company which is undertaken purely on a voluntary basis. Flnancial review The princlpal funding source 58 from the silg and pitch lelling charges. In addition, donations hav& been fec8iv8d from Mayville Hlgh School Ltd and Meon Milton Fty)Iball Club, which have been used for the general running of Cockleshell Community Sports Club and toward goal nels and the maintenance of the pitch respectively. The resul ar8 shown in the financlal stalemenls. It is the policy of the charity that unrestri¢led fur)ds which have not been deslgnated for a speclfic use should be maintained al a level equivalent lo between three and six month's expenditure. The Trustees consider that reserves al Ihls level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's curronl activities while considtsralion is given lo ways in which additional funds may be raised. This level of resgrves has been maintained throughout the year. The Trustees have assessed the rnajor risks lo which the charity is exposèd, and are satlsflèd that systems are In place lo miligale exposure lo the major risks. Plans for futur8 perlods The company will continue to maintsin the facilities available during the duration of th& lease and make ongolng repairs to the premises. The rugby pavilion will be renovated during 2024.
COCKLESHELL COMMUNITY SPORTS CLUB TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Structure. govemance and managèmont The charity is a company limited by guarantee, sel up on 22 November 2010 and is a registered charity. The charity is controlled by its goveming documonl, as amended on 7 November 2023. The company provides sporting facilities for the benefit of schools, sporting clubs and association and the general public. Trusl86s meetings are held r&gularly lo review the work of thè charity and tha facllllles available. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of slgnature of the financial statements were.. Rebecca Parkyn John William Deibel Jayne Marie Mills John Cronin Joanna Hindson Jennrfer Verhiesl {Resigned 3 February 20231 (Appointed 10 November 20231 IAppoinl8d 6 November 20231 (Appointed 10 November 20231 The Trustees are recruited from the local business communSty for their individual skills and lo enable them lo be satisfied that they can fulfil their dulles. None of the Trustees has any beneficiol interest in the company. All of the Trustees arè members of the company and guarantee to contribute £10 in the event of a wlndlng up. The five Iruslees mget regularfy and having considered matters make buslness decisions based upon a malorily basis. Suitable training and information is extended to trustees. Trustees. os approved by the Board of Trustees. Rebecca Parkyn Trustee Dale..
COCKLESHELL COMMUNITY SPORTS CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COCKLESHELL COMMUNITY SPORTS CLUB I report lo the Tru8tee8 on my examination of Ihe financl81 statements of Cockleshell Community Sports Club (the charityl for the year ended 31 March 2023. Responslbllities and basls of rèport As tha Trustees of the charity land also ils directors for th8 purposes of company lawl you ar8 r8sponsibla for the pr¶llon of the financial statements in a¢cordan¢& with the requirements of the Companigs Act 20( {th8 2006 Acll. Having satisfied mysolf that the fin8nclal statements of the charity are not required lo be audit1 under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out undtsr section 145 of the Charities Ad 2011 Ilhe 2011 Acll. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examlnerfs statomant I have ¢ompleled my examlnalion. I confirm that no matters have come to my attention in Connectic with the examinallon givlng me cause lo believe that in any moterial res¢1.. accounting records were not kept In respect of the charity as requir8d by se10n 386 of the 2006 Act.. or the financial statements do not accord with thos& rtscords,. or the flnancSal statements do not comply with the accounllng requlrements of section 396 of the 2006 Act other than any requirement that the accounts give a true and faSr view which Is not a matter considered as part of an irKlepend&nl examination., or the ffnanclal slalements have not been prepared in accordance wkh the methods and principles of the Statement of Recommended Practice for accounllng and reporting by charities applicab lo ch8rSlles preparing their accounts in accordance with tho Financlal Reporting Standard applicable in the UK a1 Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection wlh the examination lo which allenlion should b& drawn in this report in ord&r to Bnable a proper undèrstanding of the financial statements lo be reached. Clalre Norwood Bsc FCA ATII Jones Avens Limited PSper House 4 Dukes Court Bognor Road Chichester Wesl Sussex P019 8FX Dated.. 2711112023
COCKLESHELL COMMUNITY SPORTS CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Unrestricted Restricted funds funds 2022 2022 Totsl 2022 Notes Donations and legacies Charitable a¢livilies Other income 17,821 39,305 36.467 128,241 41,995 13,083 128,241 41,995 13,083 Total incom 93,593 183,319 183,319 Charitable aclSvllles 92.443 61,256 61,256 Other 10 915 Total expond5ture 93,358 61,256 61.256 Gross transfers between funds Net In¢ome for the yearl Net movemant In funds 40,000 140,0001 235 162,063 140,0001 122.063 Fund balances al 1 April 2022 186,197 24,134 40.000 64.134 Fund balances at 31 March 2023 186,432 186,197 186,197 The slalemenl of financial aclDiilies includes all gains and losses recognised in the year. All income and expenditure deriv& from conlinulng actlvllies. The slalemenl of finar)cial activities also complies wlth the requlrements for an Income and expenditure account under the Companies Act 2006.
COCKLESHELL COMMUNITY SPORTS CLUB BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Notes Flxed as6ets Tangible assets 12 243.796 227.199 Current assets Debtors Cash al bank and in hand 13 508 26,024 237 50.228 26,532 50,465 Credltors- amounts falllng due wlthln onè year 15 117,128} 112,6991 Nel current assets 9,404 37,766 Totsl assets less current Ilabllltl•s 253,200 264,965 Credltors: amounts falllng due after morè than one y•ar 16 {66,7681 178,7681 Net assets 186,432 186.197 Incomè funds Unfeslricled funds 186,432 186,197 186,432 186,197 The company is entitled lo the exemption from the audll requirement conlalned In sectlon 477 of the CompanSes Act 20(, for the year ended 31 March 2023. The director acknowledges her responsibililles for complying with the ruIreMents of the Companies Ael 2006 with respect to accounting records and the preparation of financial slalem8nt8. The members have not required the company to obtain an audll of ils financial slalem8nts for the y8ar in question In accordance wlth sectlon 476. These financial slalemenls have been prepared in accordance with the provisions applicable lo companies Subject to the small companies regime. rinanc ents were approved by the Trustees on Rebecca Parkyn Trustee Company reglstratlon number 07447106
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charlty Informatlon Cockleshell Community Sports Club is a PTivale company limited by guaranlep incorporaled in England and Wales. The registered office is 35-37 Sl Simon's Road, Soulhsea, Hampshire. P05 2PE. 1.1 Accountlng Conventlon The financial stslemenls have been prepared in accordance with the charity's tgoverning documentl, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102 } and the Charlties SORP "Accounting and Reporting by Charities.. Slalement ol Recommended Pra¢tlc8 applicable lo charities prgparing their accounts in accordanc8 with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" leffecliva 1 January 20191. The Charity is a Publi¢ Btsnefit Entity 88 defined by FRS 102. The chadty has tsken advantage of the provlslons In the SORP for charilles not lo prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the funclional currency ol the charity. Monetary amounts in these financial ststements are rounded lo the nearest £. Th8 financial slalèment8 have been prepared und&r historical cost convention. The Principal accounting policies adopted are sèl out below. 1.2 Golng ¢on¢em Al th& lime of approving the financial slalemenls, the Trustees have a reasonable expectstion that the charity has adequate resources lo continue in opèrational existence for the foreseeable future. Thus the Trustees Continue lo adopt th& going concern basis of accounting in preparing the financial ststements. 1.3 Chorltable funds Unreslricled funds are availabl8 for usè at th8 discrètion of the Truslg8s in furtheranc8 of Ih&ir charitable objectThies. Reslrided funds are subl&cl lo specific condllions by donors as to how they may be used. The purposes and uses of the reslrScled funds are sel out in the notes to the financial 8lalements. Endowment funds are subject to specific conditions by donors that the capllal musl be mainlaSned by th8 charity. 1.4 Income Income is recognised when the charity is gallY enlilled lo il aftor any porformanc8 conditSons have be8n mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on reipl. Other donations are recognised once the charity has been notified of the donation. unless perfomian¢e conditions require (Jeferral of the amount. Income tsx recoverable in relation to donations received under GiflAid or deeds of covenaTrl is recognised at Ihe time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known. and receipt is expected. If the amount is not known, th6 legacy is Ireat8d as a contingent asset.
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng poll¢le$ Icontlnued) 1.5 Expènditure Liabilities are recognised as expendSlure as soon as there Is a legal or constructive obligation commltting the charity lo th81 expenditure. it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. All expenditure Is dea with on an accruals basis. and allocated to the approprlate headlng in the flnancial slalements. Governance costs are those associated wSlh conslilulional and ststulory requirements. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cosl or valuation. nel of depreciation and any impairment losses. Depreciation is recognised so as lo writè off the cost or valualK)n of assets less their residual values over their useful lives on the following bases.. Leasehold land and buildings Plant and equipment Fixtures and fittings In accordance with the l&ase 80% Reducing Balance 120Q/o Reduclng Balance 20% Reducing Balance The gain or loss arising on the disposal of an assèt is delermlned as the difference between the sale proceeds and the carrying value of the asset, and is re¢ognised in the sialemènl of financial acllvilies. 1.7 Impalrment of flxad assets At each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication that thosè assets have suffered an impairment 1088. If any such indication exists, the recovèrable amount of the asset is eslimaled in order lo determin6 the extent of the impairm8nl loss1Sf any). 1.8 Cash and cash equlval¢nts Cash and cash equivalents include cash in hand, deposits held al call with banks. other short-lerm liquid investments wlth original m8lurllles of three months or less, and bank ovèrdrafts. Bank overdrafts are shown within borrowings in current liabllilies. 1.9 Flnan¢lal instrumènt$ The charily has elected lo apply the provisions of Section 11 'Baslc Financial Instrumènts, and SlI0n 12 'Olher Finan¢Sal Inslrurnents Issues, of FRS 102 10 all of its financSal Inslrumenls. Financial instruments Bre recognised in the charity's balance sheet when the charlty bècomes party lo the conlractual provisions of the inslrumenl. Financial assets and liabilitiès are offset, with thè net amounts presented in the financial slalernenls, when there is a legally enforceable right lo sel off the rgwgnised amounis and there is an intention to sellle on a net basis or lo realise the asset and sellle the liability slmultaneously. Basle flnan¢lal assets Basic financial assets, which include debtors and cash and bank balances. are init1a1 measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effedive interest method unless the arrangement conslllules a financing Iransaclion, where the Iransadion is measured al the present value of the future receipts discounted al a market rale of Interèst. Financi81 assets classified as receivable within one year are not amortised.
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles {Contlnuedl Bo$lc flnan¢lal Ilabllltles Basic financial liabilities, including creditors and bank loans are inllSally recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial Ilabilllles classified 88 payable within one year are not amortised. Debt instruments are subsequently carried al amortlS8d Cost, using the effèctive interest rate meth(Id. Trade creditors are obligations to Pay for goods or servic8s that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classlfled as current liabillties rf payment Is due within one year or less. If not, they are psented as non-currenl liabilities. Trade creditors are recognised inllially al Iransaclion price and subsèquently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charills conlraclu81 obligallons explr8 or are dlscharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enlillemenl is recognised in the period in which the employee's services are received. TfyrminatSon benefits ar8 recognlsed SmmedSately as an expense when thè charity Is dèmonstrably committed to terminatp th8 employment of an employee or lo provide termination benefits. 1.11 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expgnse as they fall due. Critical accountlng èstlmatos and ludg•m&nt$ In the appllcallon of the charity's accounllng pollcies. the Trustees are required to make judgements, estlmales and assumptions ab(yJl the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on hisiori¢al experlence and other factors that are considered lo be relevant. Actual results may differ from these estimates. Thè èstimates and underlying assumptions ore reviewed on an ongoing basls. Revisions to accounting eslimales are recognised in the period in which the eslirnale Is revSsed where the VIsion affects lY that period. or in the period of the revision and ILJlure periods where the revision affects both curr&nl and future periods. Donatlons and legacles Unrestrfct¥d Unrestrlctgd funds funds 2023 2022 Donations and gifts Grants rec&lvable 17,821 12,000 116,241 17,821 128,241
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donatlons and legacles Icontlnuad) Grants receivable for core actlvities Football Foundation Meon Conlribulion Mayville High School VeDlia Fence Grant 73,492 9,678 20,000 13,071 116.241 Charltable aetlvltie5 Sports facilities 2023 Sports facllltle$ 2022 Provision of 8POrting faalilies 39.305 41,995 othar Income Unrestricted Unrestrl¢ted funds funds 2023 2022 Other income 36,467 13.083 Charltabl8 actlvltles Sports facllltle$ 2023 Sports facllltles 2022 Staff costs Dgprecialion and impairment Premises costs 14,991 19,572 56,776 11,927 20,892 27,931 91.339 60,750 Share of governancè costs Isee note 7) 1,104 506 92,443 61,256
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support Costs Support Governance costs costs 2023 2022 Accountancy Le9al and professional 1,104 1.104 1,008 15021 1.104 1.104 506 Analysed between Charitable activities 1,104 1,104 Trustees None of thg Trustegs lor any persons conneded with them} recgived any remuneration or bgn8fits from the charity during the year. Employees The average monthly number of employees durlng the year was: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Other pension costs 14,791 200 11,802 125 14,991 11,927 Th8r8 were no 8mpby8es whosè annual r8mun8ralion was more than £60,000. 10 Other Unrestrlcted funds Total 2023 2022 Nel108s on dlsposal of tamgSble flxed assets 915 915 10-
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Taxatlon The charity is exempt frorn lax on Income and galns falling within sectlon 505 of the Taxes Act 1988 OT section 252 of the Taxation of Chargeable Gains A¢1 1992 to the exlenl that thes8 a applied lo its charllable objects. 12 Tanglble flxed assets Leasèhtsld land and building$ Plant and Flxtures ond equlpment fittings Total Cost Al 1 April 2022 Addltions Disposals 256,379 34,037 11.6291 79.473 3,047 1,519 337,371 37,084 {1,6291 At 31 March 2023 288,787 82.520 1,519 372,826 Dapre¢latlon and Impalrment Al 1 April 2022 Depreciation charggd in the year Elimlnaled in respect of disposals 57,500 12,ODO 1714} 51.774 7.449 897 124 110,171 19,573 17141 Al 31 March 2023 68.786 59,223 1.021 129,030 Carrying amount Al 31 March 2023 220,001 23.297 498 243.796 Al 31 March 2022 198,879 27,698 622 227,199 13 Debtors 2023 2022 Amounts falllng due within one yoar- Trade debtors Prepayments and accrued income 165 343 207 508 237 14 Loans and overdrafts 2023 2022 Other loans 66.768 78,768 Payable after onè year 66.768 78,768
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Credltors: amounts falllng dug wlthln one year 2023 2022 Other laxalion and social security Trade creditors Other creditors Accruals and dèferred income 14821 50 12,124 1.007 553 12,220 4,355 17.128 12,699 16 Creditors- amounts falling due after morè than one yèar 2023 2022 Borrowings 66,768 78,768 17 Rastricted funds The income funds of the charity include restricted funds comprising thè followlng un9xpended balancss of don81ions and 9ranls held on trust for specific purposes: Movement in funds Incomlng B81ancè at rosources 31 March 2023 Balanc• at l Aprll 2021 Trarbsfers Balance at 1 April 2022 MUGA reserve fund 40,000 140,CQOI Contribution from Portsmouth City Council towards the refurbishments works lo the 8POrts pavilion lo provlde a fully functional facility including Improvements lo the changlng rooms. WC facilitles and modification lo the wheelchair access. The works to the sports pavilion commenced in the year. and the a880cialed expenditure has been capiialised. 18 Related party transa¢tlons Mayvllle Hlgh School Ltd is a company that is under common control. During the yeaT the company received income in respect of thè hlre of sports facilities tolalllng £14,000 and donations totalling £12,000 from Mayville High School Ltd. The company repaid £12,000 of the loan owed to Mayville High S¢hool Ltd during thè y8ar, leaving a balan¢8 outstanding al the balance sheet dale of £78,768. 12-