Charity registration numb•r 1143054 Company r8glstration nUMr 07447106 IEngland and Wales) COCKLESHELL COMMUNITY SPORTS CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COCKLESHELL COMMUNITY SPORTS CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rebecca Parkyn Jayne M8rie MilL8 John Cronin IAppoinled 10 November 2023} (Appoin 6 November 20231 (Appointed 10 November 20231 Joanna Hindson Jennrfer Verhwl Charity number 1143054 Company number 07447106 Reglstsrèd offlcè 35-37 St Simon's Road Hampshire SoLFths8a P05 2PE Independent examlner C181Te NoTh¥ocxJ Bsc FCAATII Carpenter Box Piper House 4 Dukes Court Chichester PO19 8FX
COCKLESHELL COMMUNITY SPORTS CLUB CONTENTS Page Trustees. report Indendent èX8mlnerfs rèport Slalemenl of flnanclal actlvllles Balance sheet Notes to th8 flnanclal slalemen18 6-12
COCKLESHELL COMMUNITY SPORTS CLUB TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Truslees present their annual report and finanaal Staterts for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accountiThJ policies set oul in rle 1 to tha rinancial ststemenis and compty with th8 charty's Memorandum and ArteS of Association, the Comp8nies Act 20CI8 and "Accounting and Reports"ng by Charities: Statement of Recommended Practice applicable lo charities prèparing their 8ccounts in accordance with the Financial R8poning Slandard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 Jantjary 20191". ObJ•ctlv•s and •¢tlvltles The charity's objects, as sel out in Ihe Artides ofASsl81IOn, are to.. To conbnue lo provid8 and devekjp playing fiekY$ for the use of sporting organisotions, sch¢)ols and tho general public. To Support lo1 charities #nd charitsblè organisabons by th8 prwsKJn of f8ciliti88. To dovelop and improve thè facilities 8Valble to all. To develop118lsons wlh other onJanisatior by sharing resources arKI facili1188 To conllnue 8 programmè of regular malnlenance on the site. Publlc benefft The Trustees have paid due regard to guidance L8sued by the Charity commiss in deciding wh81 activtUes the charity shoukl undertake. Achlevom•nt• •nd perfom)anc• Signific8nl activities 8nd 8chievemenls against objecflves 2024 has be8n a challenging yèar for Cockl8shell Community S(rts Club, %Mih £12.¢J)O donation incom812023.. £17,821), and £nil restricted grants 12023.. £nill. This resulted In an operating deficit. which the Twslees seek to reverse In the comlng year through inueasing use of tho [lItieS and associaled S&ttiws incomè. Th8 company would likè to thank thè reprgsentsbves from 011 organisatIn5 who us8 thg grounds for their continugd support including help in mainlaining ihe grounds and in the m8n8gemenl of the company which is undertaken purety on o voluntsry basis. Fln•ncl•l r•vl•w The prfncipal funding Souree is from the site and pilch lettirwJ eharg85. The resutts aro shown In the fin8ndal stslements. Reserv8s pollcy It is the policy of the charity that unrestricted fund$ I1¢h have not been design8ted for a speufic use should be maintained al a level gquivalenl lo bets¥e8n thrèe and six month's expenditure. The Tnjstees consider that reserves al this level will ensure that, in the event of a signfficant drop in funding. they will be able to continue the charity's currenl activities while consideration is given to ways in which addition81 funds may be raise(l. This level of reserves has bgen maintained throughout the year. Majornsks The Trustees have assessed the major risks to whth Ihe tharity is exkxjsed, and are satisfied that systems are in place to mrtigale exposure to the mapr risks. Plan¥ for future perfod# The company will continue to maintain thè fa(iltbes available during Ihe ¢Jur8tion of the lease and mak8 ongoing rgpairs lo the premises. Rervatsjn of the rugby pavilion is pl8ftrd for 2025.
COCKLESHELL COMMUNITY SPORTS CLUB TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. governancè and management The charity is a company limited by guarantee, set up on 22 November 2010 and is a registered charity. The charity Is controlled by ils governing document, as amended on 7 November 2023. The company provides sporbng facilitiBs for th6 bèn8fit of schools, sporting clubs and ass¢Kialion and the general public. Trustees meetings are held regulady to review the work of the charity and the facilities available. The Trustees. who are also the diredors for the purpose of company law. and who served during the year and up lo the date of signature of the financial statements were.. Rebecca Parkyn Jayne Marie Mills John Cronin Joanna Hindson Jennifer Verhi8St Stuart Smith (Appointed 10 Nov8mb8r 2023} (Appointed 6 November 2023} IAppoinled 10 November 20231 IAppoinled 23 June 2023 and resigned 6 November 20231 Recnjitment and appointment of trustees The Trustees are recruited from the local business community for their indivldual skills and lo enable them to be satisfied that they can fulfil their duties. None of the Twstees has any benefictal intèrest in the company. All of the Trustees are members of the company and gLsaranlee to o)ntribule £10 in the event of a winding up. Organisalion81 structure The flve trustees meet regularly and having considered matters make business decisions based upon a majority basis. Induction and trnining of twstee8 Suitable training and information is extended to trustees. eTru ' report was approved by the Board of Trustees. Rebecca Parkyn Truste• Date.. rl hz (ta
COCKLESHELL COMMUNITY SPORTS CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COCKLESHELL COMMUNITY SPORTS CLUB I report to the Trustees on my examination of the financial statgments of Cockleshell Community Sports Club Ithe charity) the year ènded 31 March 2024. Rosponslbllltlos and basls of rèport As the Trustees of the charity land 81so ils directors for the purposes of company lawl you are responslble for the proparalion of the financlal statements in accordance with the requirements ol th8 Compani?s Acl 2006 Ilhe 2006 Acti. Havlng 8atlsfled mys8ff that the financial slalements of the charlty ar8 not requlred lo be 8udll8d under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect ol my examinatlon ol the ch8rity'$ financial statements carrigd out under section 145 of the Charities Act 2011 Ilhe 2011 Act). In carrying out my examination I have followad all the applicable Dbrèetions givèn by the Charity Commission under $8clion 145ISllb} ol the 2011 Act. Ind•pendent •X8mlnèrf8 8t8tement I hav8 completed my examination. I confirm that no matters h8ve ctsme lo my 8tt8ntlon in conngclion wllh the examSn8llon givlng me cause lo believe that in any matèrial respocl.. accounting records were not kept in respeel ol the charity as required by section 386 of the 2006 Ad., or the financial stslemenls do not accord with those records., or the flnanclal statements do not comply with the accounllng rgqulrem8nls of Sodlon 396 of th6 2¢X$6 Act other than any requirement that the accounts give a true and fair view which 18 not a matter consldèred as part ol an ind&pend&nl examination., or the fin8ncSal statements have not beèn prgpared In accLJrd8nce wlth the mélhoJs and prlnclplès of the Stat&menl of R&commended Practice for accounting and reporting by charities applicable lo Charities preparing their accounts in a¢cordanc& with the Fin&ncSal Reporting Standard applicable in the UK and Republic of Iland IFRS 1021. I hav¢ no concems and h8ve come acro88 no other m8tter8 connection with thè èxamlnation lo whlch attentlon 8hould be drgwn in this report In order lo enable a prOr understanding of the financial slalemfjnts lo be reachèd. Clalr• NopNood Bsc FCA ATII Carpenter 8ox Piper Hou89 4 Ouk8s Court Chichester P019 8FX Dated.. 12112124
COCKLESHELL COMMUNITY SPORTS CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrotstrictèd fund6 funds 2024 2023 Notes Income and endowments from: Donations and legacies Charitable acts"vilies Other income 12.000 36.342 17,821 39,305 36,467 Total Incom& 48.342 93,593 Charitable activities Other expenditure 66.555 92,443 915 10 Total expenditure 66.555 93,358 Net incomellexpenditure) and movement in funds 118,2131 235 Reconclllation of funds.. Fund balances at 1 April 2023 186,432 186,197 Fund balancets at 31 March 2024 168,219 186,432 The slalèmenl of financial activities includes all gains and loss8s recognised in the year. All income and expenditure derive from continuing activities.
COCKLESHELL COMMUNITY SPORTS CLUB BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxèd •$sèts Tangible asse18 12 226,120 243,796 Current ass•t$ Debtors Cash al bank and In hand 13 1.171 15,261 508 26,024 16,432 26,532 Cr•dltors.' amounts falllng due wlthln on• year 14 19,565 17.128 Nel currènt Iliabilillesya$sal$ {3,133 9,404 Totsl a$8•t$ le•• current Ilabllltltrs 222,987 253,200 Cr•dFtors.' amounts falllng duè aft•r more than onè year 154.7681 166,7681 168.219 186.432 Th• funds of th• ch•rlty Unreslricled funds 168,219 186,432 168,21Y 186.432 The Company Is enllllèd to the exemption from the audit rèquirgmenl contsined In section 477 of the Companles Act 2006, for the year ended 31 March 2024. The difgclor acknowledges her Sponsibl11t19S for complying with th8 feqLtlremenls of the Compani88 Act 2006 wllh respect 10 8ccounling records and the preparation of financial stslements. The members have not requlred the Company lo oblaln an oudlt of Sls flnancial st8lements for the yoar In quesllon In accordance with section 476. These Tinancial st818menls have boen preparèd in ardance wllh the provisions applicable lo companles sublect lo the small companles giMe. 8 fin8 lemèn15 were approved by the Trustees on .. i?111¥4. Rebecca Parkyn Truslee Company registration number 07447106 (England and Wales)
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charity Information Cockleshell Community Sports Club is a private company limited by guarantee incorporated in England and Wales. The registered office is 3S47 Sl Simon's Road, Hampshire. Southsea, P05 2PE. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charivs Igovèming documentl, the Companies Act 2006, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Ch8ri118s SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing Ihwr accounts in accordanee wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial Statements are prepared in steding, which is the functional currency of the charity. Monetsry amounts in these fin8ncial statements are rounded lo thè n&8rest £. The financial stslements have been prèpared undèr the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng Concern Al the time of approving the financial siatements, the Trustees have a reasonable expectation that the charity has adequate resour to continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going conc8m basis of accounting in preparing the financial ststements. 1.3 Charltable funds Unrestricted funds are available for use at the discli0n of the Trustees in furtherance of their charitable objectives. Resldcted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financjal ststements. 1.4 Incom& Income is recognised when the charity is legally entitled lo it after any performance conditions have been mel, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performancè conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recogniseé at the time of the donation. L8gaci8s are recognised on rg¢èipt or otherwise if the charity has btren notified of an impending distribution. the amount Is known, and reIpt is expected. If the amount is not known, the legacy is treated as a contingent ass81. 1.S Exp•ndltur• Liabilities are rewnised as expenditure as soon as there is a legal or constructive obligation committing the charity to ihal expenditure, it is probablè thal a transfer of economic benefits will be required in settlém6nt and the amount of the obligation can be measured reliably. All expendf(ure is doaf( on an accruals basis. and allocated lo the appropriate heading in the financial statements.
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle8 Icontlnuedl Gov8rnance C£Jsts are those aS$tated wlh n$bluOnal arKI stslutory requirements. 1.6 Tanglble t5x•d assets Tangible fixed assets are initialty me8suTed al cost and subsequently measured al c081 or valuation. nel of depreciation and any impairment losses. Depreciation Is reeognised so as lo write off the cost or v81uation of assets th8ir r8sidu81 values ovèr thglr usefvl lives on the following b8ses'. Lèèsahold land and bulldlngs Plant and equipmènt Fixtures and fftting8 In accordance wth the lease 80% Reducing Balance 120% Reducing Balance Reducing Balance The galn or105s arislng on th8 dL8POS81 of on asset is detemilned as the dIffer8r be00n Ihe sal8 ped$ 8nd tho carying value of the asso1. and18 rocognl8ed frn tho $1816ment of financial activities. 1.7 Imp8lmi•nt of flx•d ••s•ts Al each porting end date, the charity reviews the rryIng amounts of its tangible assets to dètermine wheth8r there is any indicatK)n that lts)s8 assets have sijffered an impairment h)ss. If 8ny suth indication exists. the recoverable amount of the a$$el is estimated in order lo delemine the extent of the impairment loss lif any). 1.8 Cosh and ca•h •qulv•l•nts Ca8h and cash equivabnls indude cash in hand, deposits hekl at C811 with b8nks. other short-lerm liquid investments with original m81urilies of three mnths orlgss. arKI bank overdrafts. 8ank overdofts are shown wSthin borrowings In current liabiliti8S. 1.9 Fln•nclal In•trum•nts The charity has glect8d to apply the prctvisions of Section 11 '8a&c Financial Instrument8, and SedSon 12 'Olher Flnancial Instruments Issues, of FRS 102 10 all ol its financial Instruments. Financi81 instruments 8re reccsnised in the chariVs bance sheet when Ihg charity b8M&S p8ty to the conlraclu81 provisions of the instrument. Flnanci81 assets and 118bilities ar8 offs81. with the net amounts presented In the firsancial ststements, when there Is a legally enfor¢e8ble righl to sel off the recognised arnounts and there is an intention to settle on a nel basis or lo r8ali88 the asso1 and settle Iwbilrty MUltaneOUSly. 8aslc Iln•n¢i•l assets B85ie financial assèts, which Include debtors and cash and bank balancas, are ini11811y mèasured 81 Ir8nsa¢tion price including Iransatlion costs and gre subsequentty camed al amorb'sed cost using the effects've interest method unless the arrangement constitutes a financing transaction. where the transaction is measured al the present value of the future receipts dtscounted al a market fate ol interest. Financial assets classified as receiv8ble within one year are not awrortised.
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢l•$ Icontlnu*dl Bas1¢ flnanclal Ilabllltlos Basic financial liabilities, including creditors and bank loans are initially recognised at Iransacbon price unless the arrangement conslitulès a financing transaction, where the debt instrument is measured al the present value of the futLJre payments discounted al a market r81e of interest. Financial liabilities Classified as payabl8 within one year are not arnortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been a¢quired in the ordinary course of operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one y8ar or less. If not, they are prented as non-currenl liabilities. Trade creditors are re¢ognised initially at transaction price and subsequently measured at amortised cost using the effeetlve Interest method. Derecognltlon of Ilnanclal Ilabllltles Financial liabilities are derecognised when the chanty's contractual oblig81ions expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entillemenl18 recognised in the period in which the employee's services are received. Temiination benefits are recognised irnmedialely as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement b•n•fits Payments lo defined contribution retirement benefit schemes are ch8rged as an expense as they fall due. Crftlcal o¢¢ountlng estlmates and Judgements In the application of the charity's accounting Policies, the Trustees ar8 required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The e51imal8s and associated assumptions are based on historical experience and other laclors that are considered to be relevant. Actual results rnay diffèr from these estimates. The eslimales and undertying assumptions are reviewed on an ongolng basis. Revisions lo accounting estimates are recognised in the period in which the estimate 15 revised where the revision 8ffe¢ts only that period, or in the perit>J of the revision and future periods where the revision affects both current and ftjlure periods. Income from donatlons and legacl•s Unr•strict8d Unrastrictod fund6 funds 2024 2023 Donations and gtrts 12.000 17,821
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Sports faellltl•s 2024 Sports f•¢llltles 2023 Provision of SForting faulilitss 36,342 39.305 Oth•r Incorn• Unr••lrfct•d Unrè#trlcted funds funds 2024 2023 Othor income 36,467 Exp•ndltur• on eharltsbl• •cthfltl•s Sporti facllltl•• 2024 Sports facllltl•8 2023 Dlr•ct Staff costs Depreciallon and impaimient Pr&mises costs 16.684 17.676 30.659 14.991 19.572 56,776 65,019 91,339 Shar• of support and gov•rnanc• co#ts IM• nots n Support Govem8nce 1.250 1,104 66.555 92,443 Anaty$ls by fund Unreslrlcled funds 66,S55 92,443
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support ¢o$ts allocatsd to activities 2024 2023 Office and sundry expense5 Govemance wsts 286 1.250 1.104 1,104 Analysed between: Sports faulits8S 1.536 1,104 2024 2023 Goveman¢e costs MPrISe. Accountancy 1.250 1,104 1.250 1,104 Trustees None of the Tru51ees lor any persons nnected with them) recebved any Temun&ration or benefits from the charty during the year. Employo0s The average monthty number of empwes during the year was: 2024 Number 2023 Numbor Employment costs 2024 2023 Wages and salaries Other pension costs 16.380 304 14,791 200 16.684 14,991 There were no empk)yees whctse annual remneratiC was more than £60.fKJO. Remuneration of key man¥gÈm•nt p•rsonn•l There was no remuneration of key marwjement personnel in either 2024 or 2tr23. 10-
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Oth•r Total Unre$trl¢ted funds 2024 2023 Net108s on disposal of tangible fixed assets 915 915 11 Taxltlon The charrty is exgmpl from tax ¢)n Income and gains falllng wthin section 505 of thè Taxe$ Act 1988 or sedlon 252 of the TaxalKJn of Chargeable Gains Act 1992 lo the extent that these are applièd to ts charitabl& objècts. 12 T•nglbltr flx•d •••et# L•whold Pknnt and Flxtur•• •Dd land •fid •qulwn•nt fittJng• bulldlng1 Totsl Cost Al 1 Apr612023 288.787 82.S20 1,519 372.826 Al 31 March 2024 288.787 82.520 1.519 372,826 Depreclation •nd Impalrm•nt Al 1 April 2023 Depreclallon charged in the ye•r 68.786 12.1 59,223 5.576 1,021 100 129,030 17,676 Al 31 March 2024 80,786 64,799 1,121 146.706 Carylng amount Al 31 March 2024 208,1 17,721 398 226,120 Al 31 March 2023 220,001 23.297 498 243.796 13 D•btor• 2024 2023 Amounts f•lllng due wlthln onè year: Trade debtors Prepayments and accrued income 335 836 165 343 1.171 508 11
COCKLESHELL COMMUNITY SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Cr•dl¢ors: amounts falling due within on• yeat 2024 2023 Other taxation and s(xial socurity Trade creditors Other credilors Accruals and deferred Inco 116 1,420 13,693 4.336 553 12,220 4.355 19,565 17,128 15 Cr•dltor•: amounts falllng du• aft•r moro than on• y•ar 2024 2023 Borrowings 54,768 66,768 16 Loans and ov•rdrnft 2024 2023 Othèr loans 54,768 66,768 Payable after one year 54.768 66.768 17 Related party tr•n•actSons Mayville High Schwl Ltd is a company that is under c¥)mmon control. During the year the company received income in respèct of the hire of facilities totalling £14,000 8nd donations tolallino £12,000 from Mayvbllo High sc01 Ltd. The company repaid £12,000 of the loan owed lo Mayvill8 Hh ScKl Ltd during the year, lèaving a balance outstanding al the balance sheet date of £66,768. 12-