Registered Company Number : 07735271
Registered Charity Number : 1144861
Report of the Trustees and Financial Statements for the year ended 31 December 2024
For
Shefford Sports & Community Association Ltd.
Shefford Sports & Community Association Ltd
Contents of the Financial Statements For The Year Ended 31st December 2024
| Page | |
|---|---|
| Report of the Trustees | 2-3 |
| Independent Examiner's Report | 4-5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8-9 |
| Detailed Statement of Financial Activities | 10 |
Shefford Sports & Community Association Ltd
REPORT OF THE TRUSTEES For The Year Ended 31st December 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 31st December 2024
Reference and Administrative Details
Registered Company number
07735271 (England & Wales)
Registered Charity number
1144861
Registered office
43 Orchard Way Lower Stondon Henlow Bedfordshire SG16 6NA
Trustess
The trustees who held office during the year were:-
G Earl (Secretary) S Knight S Moore S J Starling
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 2
Shefford Sports & Community Association Ltd
REPORT OF THE TRUSTEES For The Year Ended 31st December 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Law applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing the financial statements giving a true and fair view, the trustees should follow best practice and:
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(a) select suitable accounting policies and then apply them consistently;
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(b) make judgements and estimates that are reasonable and prudent;
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(c) state whether applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the finincial statements;
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(d) state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements;
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(e) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published on 16 July 2014.
ACHIEVEMENT AND PERFORMANCE
The facility is now part of the community and is used 4 evenings a week by local clubs, such as Slimming World while on a weekend it hosts youth and adult football. The facility is also heavily used for functions from Friday to Sunday and caters for all different requests, including various Charity events during the year.
SIGNED ON BEHALF OF THE TRUSTEES
G Earl - Trustee Date
Page 3
Shefford Sports & Community Association Ltd
For The Year Ended 31st December 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report on the accounts of the Trust for the year ended 31st December 2024, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are also the directors for the purposes of company law. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under secton 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Page 4
Shefford Sports & Community Association Ltd
For The Year Ended 31st December 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES continued
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that :
proper accounting records are kept in accordance with section 130 of the 2011 Act;
and
accounts are prepared which accord with the accounting records and comply with the accounting requirements of the 2011 Act
OR
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Graeme Purvis Chartered Accountant Ratio Business Services Ltd 10 Mardley Hill Welwyn Hertfordshire AL6 0TN
Date : ……26th September 2025
Page 5
Shefford Sports & Community Association Ltd
STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31st December 2024
| Notes Incoming Resources from generated funds Voluntary income Activities for generating funds Bar and facilities income Incoming Resources from charitable activities Grants received Bank interest TOTAL INCOMING RESOURCES Resources Expended Cost of generating funds Cost of goods sold and other costs Governance Costs Other resources expended TOTAL RESOURCES EXPENDED Net Incoming/ (Outgoing) Resources before transfers Gross transfers between funds Net Incoming/ (Outgoing) Resources Total Funds Brought Forward Total Funds Carried Forward |
Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ 1,500 1,500 151,455 151,455 4,234 - 4,234 20 20 157,209 - 157,209 79,641 79,641 648 648 76,673 - 76,673 156,962 - 156,962 247 0 247 (5,741) 5,741 - (5,494) 5,741 247 18,142 1,108,739 1,126,881 12,648 1,114,480 1,127,128 |
Total Funds 2023 £ 1,500 123,610 56,280 69 |
|---|---|---|
| 181,460 | ||
| 65,365 630 85,246 151,241 |
||
| 30,219 | ||
| 30,219 1,096,662 |
||
| 1,126,881 |
Page 6
Shefford Sports & Community Association Ltd
BALANCE SHEET At 31st December 2024
| Notes Fixed Assets Tangible assets 2 Current Assets Cash and bank Debtors Stock Creditors: amounts falling due within one year 4 Net Current Assets TOTAL NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
At 31st | £ 1,114,480 14,508 (1,860) 12,648 1,127,128 12,648 1,114,480 1,127,128 Dec 2024 |
At 31st Dec 2023 | At 31st Dec 2023 |
|---|---|---|---|---|
| £ 12,508 - 2,000 |
£ 10,894 - 2,000 |
£ | ||
| 1,115,199 | ||||
| 12,894 (1,212) |
||||
| 11,682 | ||||
| 1,126,881 | ||||
| 18,142 1,108,739 |
||||
| 1,126,881 |
These financial statements were formally approved and adopted by the Trustees.
G Earl Trustee
Date
The notes on pages 8 and 9 form part of these financial statements
Page 7
Shefford Sports & Community Association Ltd
Notes to the Financial Statements
For The Year Ended 31st December 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Statement of Recommended Practice on Accounting and Reporting by Charities (SORP FRS 102) and the Charities Act 2011.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is included on an accruals basis as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. TANGIBLE FIXED ASSETS
| COST Brought forward Additions At 31st December 2024 DEPRECIATION Brought forward Charge At 31st December 2024 NET BOOK VALUE At 31st December 2024 At 31st December 2023 |
Fixtures and Land and TOTAL Fittings Buildings £ £ £ 24,796 1,108,739 1,133,535 - |
|---|---|
| 24,796 1,108,739 1,133,535 |
|
| 18,337 - 18,337 718 - 718 |
|
| 19,055 - 19,055 |
|
| 5,741 1,108,739 1,114,480 |
|
| 6,459 1,108,739 1,115,198 |
Page 8
Shefford Sports & Community Association Ltd
Notes to the Financial Statements continued For The Year Ended 31st December 2024
4. CREDITORS : Amounts falling due within one year
| 31-Dec-24 £ Accruals 1,860 1,860 5. MOVEMENT IN FUNDS At 31 Dec 2023 Net movement in funds Unrestricted funds General fund 18,142 247 Restricted funds Capital projects 1,108,739 1,126,881 247 Net movement in funds, included in the above are as follows: Incoming Resources Unrestricted funds General fund 157,209 Restricted funds Pitch renovation & capital projects - 157,209 |
31-Dec-23 £ 1,212 1,212 Transfers between funds (5,741) 5,741 - Resources Expended 156,962 - 156,962 |
At 31 Dec 2024 12,648 1,114,480 1,127,128 Movement in funds 247 247 |
|---|---|---|
Page 9
Shefford Sports & Community Association Ltd
Detailed Statement of Financial Activities For The Year Ended 31st December 2024
| INCOMING RESOURCES Voluntary Income Membership Fees Activities for generating funds Bar and Food Takings Facilities Hire Pitch Hire Function Hire Advertising boards Miscellaneous Income Incoming resources from charitable activities Grants Bank interest Total Incoming Resources RESOURCES EXPENDED Costs of generating funds Cost of goods sold - bar and food Function costs Staff costs Governance costs Accountancy Support costs Management Grounds & pitch maintenance Repairs and maintenance Facility management Cleaning Utilities & rates Waste disposal Insurance Card machine costs Stationery, printing and post Satellite/TV/Telephone Advertising boards Equipment costs Miscellaneous Depreciation Finance Bank charges Total resources expended Net (Loss)/Income |
1,500 |
|---|---|
| 132,426 1,385 11,610 3,929 500 1,605 |
|
| 52,672 26,969 |
|
| 1,325 4,716 19,000 - 36,062 1,225 1,847 1,581 238 7,597 225 - 2,138 718 |
|
This page does not form part of the financial statements
Page 10