## **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:
- (a) select suitable accounting policies and then apply them consistently;
- (b) make judgements and estimates that are reasonable and prudent;
- (c) state whether applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the finincial statements;
- (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;
- (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:
- examine the accounts under secton 145 of the 2011 Act;
- 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
- 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