Sports Active Seagulls Community Trust
Report and unaudited financial statements
for the year ended 31[st] May 2022
Charity No. 1145627
Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset, BS23 2QZ.
Sports Active Seagulls Community Trust
| Contents | Pages |
|---|---|
| Trustees’ report | 1 - 3 |
| Accountants’ report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the unaudited financial statements | 7 - 10 |
Sports Active Seagulls Community Trust
Annual report of the trustees
The trustees present their report together with the unaudited financial statements for the year ended 31[st] May 2022.
Administrative details
Sports Active Seagulls Community Trust is a registered charity, number 1145627.
The administrative office and operational address is:
Weston-super-Mare A.F.C. Optima Stadium Winterstoke Road Weston-super-Mare Somerset BS24 9AA.
Trustees
Oliver Bliss Bridget Bolland
Reporting accountants
Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset BS23 2QZ.
Bankers
Lloyds Bank plc 2 South Parade Weston-super-Mare Somerset BS23 1JL.
…continued
Page 1
Sports Active Seagulls Community Trust
Annual report of the trustees …continued
Purposes and aims
Our charity’s purposes are set out in the charity’s trust deed dated 20[th] December 2011.
We aim to:
-
Promote community participation in healthy recreation for the benefit of the inhabitants of North Somerset by the provision of facilities for playing football; and
-
Benefit the public by the provision of facilities for all to improve health and inclusion.
Structure, governance and management
The charity was registered on 26[th] January 2012 and commenced activities on 1[st] June 2012.
There must be at least 3 trustees. Apart from the first trustees, every trustee must be appointed by a resolution of the trustees passed at a special meeting called under clause 15 of the trust deed. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity and further the purposes and aims of the charity detailed above.
The trustees are also responsible for identifying major risks to which the charity is exposed. They believe systems have been established to manage those risks.
Public benefit
The charity trustees are of the opinion that they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Page 2
Sports Active Seagulls Community Trust
Annual report of the trustees …continued
Achievements during the year
The charity’s trustees are pleased to report that the charity has now returned to operating at a similar level to that achieved prior to the Covid pandemic.
Reserves
The deficit for the year of £2,025 has been deducted from reserves brought forward of £5,900 resulting in reserves carried forward of £3,875 at 31[st] May 2022. The reduced number of projects undertaken by the charity has improved financial performance. The trustees hope to build reserves to ensure adequate resources for activities to continue for a minimum of twelve months, but meanwhile rely on the continued support of grant providers and creditors.
This report was approved by the Board on 6[th] December 2022 and signed on its behalf by
O. Bliss Trustee
Page 3
Independent examiner’s report to the trustees of Sports Active Seagulls Community Trust
I report to the trustees on my examination of the accounts of Sports Active Seagulls Community Trust (the Trust) for the year ended 31[st] May 2022, which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
(2) the accounts do not accord with those records; or
-
(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Robert Orr, Brooking Ruse, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.
6[th] December 2022
DIT.SAR.09023
Page 4
Sports Active Seagulls Community Trust
Statement of financial activities for the year ended 31[st] May 2022
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted |
funds | funds | ||
| Notes | funds |
funds | 2022 | 2021 | |
| £ | £ | £ | £ | ||
| Incoming resources | 2 | ||||
| Grants and donations | - | - | - | 886 | |
| Subscriptions | 17,400 | - | 17,400 | 14,751 | |
| Other incoming resources | 7,815 | - | 7,815 | 7,326 | |
| ______ | ______ | ______ | ______ | ||
| 25,215 | - | 25,215 | 22,963 | ||
| ______ | ______ | ______ | ______ | ||
| Resources expended | 3 | ||||
| Charitable activities | 26,400 | - | 26,400 | 13,590 | |
| Governance costs | 840 | - | 840 | 936 | |
| ______ | ______ | ______ | ______ | ||
| 27,240 | - | 27,240 | 14,526 | ||
| ______ | ______ | ______ | ______ | ||
| Net (outgoing)/incoming resources | 4 | ( 2,025 ) | - | ( 2,025) | 8,437 |
| Transfers between funds | ( 3,655 ) | 3,655 | - | - | |
| Funds brought forward | 9,555 | ( 3,655) | 5,900 | ( 2,537) | |
| ______ | ______ | ______ | ______ | ||
| Funds carried forward | 9 | 3,875 | - | 3,875 | 5,900 |
| ______ | ______ | ______ | ______ |
The notes on pages 7 to 11 form an integral part of these financial statements.
Page 5
Sports Active Seagulls Community Trust
Balance Sheet as at 31[st] May 2022
| Notes Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities The funds of the charity 9 Restricted funds Unrestricted funds |
2022 2021 £ £ 7,815 7,326 1,610 7,267 9,425 14,593 5,550 8,693 ______ ______ 3,875 5,900 ______ ______ 3,875 5,900 ______ ______ - ( 3,655) 3,875 9,555 ______ ______ 3,875 5,900 |
|---|---|
The financial statements were approved by the board on 6[th] December 2022 and signed on its behalf by:
O. Bliss Trustee
The notes on pages 7 to 11 form an integral part of these financial statements.
Page 6
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022
1. Accounting Policies
(a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
(b) Preparation of the accounts on a going concern basis
The charity reported a deficit for the year of £2,025 compared with a surplus of £8,437 in 2021. The Trustees have received assurances from grant providers and creditors for continued support and on this basis, the Trustees have prepared the accounts on a going concern basis.
(c) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
(d) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.
Donated services and facilities are included at the value to the charity where this can be quantified.
Investment income is included when receivable.
(e) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Page 7
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022 …continued
(f) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
(g) Allocation of overhead and support costs
Support costs include administrative office functions, and have been allocated to activity cost categories on a basis consistent with the use of resources, allocating property costs on floor areas, staff costs by the time spent and other costs on a measure of usage.
| Unrestricted 2. Incoming resources funds £ Grants and donations: Schools - Conference - Subscriptions 17,400 Gift aid claimed 7,815 ______ 25,215 __ Unrestricted 3. Resources expended funds £ Direct costs 378 Premises expenses 26,022 Administrative expenses 840 ______ 27,240 ____ 4. Net (outgoing)/incoming resources This is stated after charging: Accountancy fees – examination – other services |
Restricted funds £ - - - ______ - __ Restricted funds £ - - - ______ - ____ |
_ |
Total funds 2022 £ - 17,400 7,815 _____ 25,215 __ Total funds 2022 £ 378 26,022 840 _____ 27,240 __ 2022 £ 840 - |
Total funds 2021 £ 886 14,751 7,326 ______ 22,963 __ Total funds 2021 £ 361 13,229 936 ______ 14,526 ____ 2021 £ 600 336 |
|
|---|---|---|---|---|---|
| _ _ |
|||||
| _ |
Page 8
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022 …continued
5. Trustees remuneration and related party transactions
No members of the management committee received any remuneration during the year, nor were any expenses reimbursed to trustees.
Oliver Bliss, a trustee of Sports Active Seagulls Community Trust, is also a director of Westonsuper-Mare Association Football Club Limited.
During the year, the charity was charged £26,022 (2021 - £13,229) by Weston-super-Mare Association Football Club Limited for hire of facilities.
At the year end, the charity owed Weston-super-Mare Association Football Club Limited £4,710 (2021 - £7,925).
6. Taxation
As a charity, Sports Active Seagulls Community Trust is exempt from tax on income and gains falling within sections 466 to 493 Corporation Tax Act 2010 (CTA 2010) or section 256 Taxation of Chargeable Gains Act 1992 (TCGA 1992) to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
| 7. Debtors Other debtors 8. Creditors:amounts falling due within one year Other creditors Accruals and deferred income |
2022 £ 7,815 _ 2022 £ 4,710 840 ____ 5,550 |
2021 £ 7,326 _ 2021 £ 7,925 768 ____ 8,693 |
|---|---|---|
Page 9
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022 …continued
| 9. | Funds | Unrestricted | Restricted | Total |
|---|---|---|---|---|
| Funds | funds | funds | ||
| £ | £ | £ | ||
| At 1stJune 2021 | 9,555 | ( 3,655) | 5,900 | |
| Deficit for the year | ( 2,025) | - | ( 2,025) | |
| Transfers between funds | ( 3,655) | 3,655 | - | |
| ______ | ______ | ______ | ||
| At 31st May 2022 | 3,875 | - | 3,875 | |
| ______ | ______ | ______ | ||
| Restricted funds | Balance | Transfers | Balance | |
| b/fwd | between | c/fwd | ||
| funds | ||||
| £ | £ | £ | ||
| Schools:- | ||||
| Conference | ( 3,655) | 3,655 | - | |
| ______ | ______ | ______ | ||
| ( 3,655) | 3,655 | - | ||
| ______ | ______ | ______ |
Page 10
Sports Active Seagulls Community Trust
The following pages do not form part of the statutory financial statements of the charity
Sports Active Seagulls Community Trust
Detailed income and expenditure account
for the year ended 31[st] May 2022
| 2022 £ Incoming resources Grants and donations - Subscriptions 17,400 Gift aid claimed 7,815 _____ 25,215 _____ Resources expended Facility hire 26,022 Insurances 378 Accountancy fees 840 _____ 27,240 _____ (Deficit)/surplus for the year ( 2,025) |
2021 £ 886 14,751 7,326 __ 22,963 __ 13,229 361 936 _____ 14,526 _____ 8,437 |
|---|---|
Sports Active Seagulls Community Trust
Report and unaudited financial statements
for the year ended 31[st] May 2022
Charity No. 1145627
Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset, BS23 2QZ.
Sports Active Seagulls Community Trust
| Contents | Pages |
|---|---|
| Trustees’ report | 1 - 3 |
| Accountants’ report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the unaudited financial statements | 7 - 10 |
Sports Active Seagulls Community Trust
Annual report of the trustees
The trustees present their report together with the unaudited financial statements for the year ended 31[st] May 2022.
Administrative details
Sports Active Seagulls Community Trust is a registered charity, number 1145627.
The administrative office and operational address is:
Weston-super-Mare A.F.C. Optima Stadium Winterstoke Road Weston-super-Mare Somerset BS24 9AA.
Trustees
Oliver Bliss Bridget Bolland
Reporting accountants
Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset BS23 2QZ.
Bankers
Lloyds Bank plc 2 South Parade Weston-super-Mare Somerset BS23 1JL.
…continued
Page 1
Sports Active Seagulls Community Trust
Annual report of the trustees …continued
Purposes and aims
Our charity’s purposes are set out in the charity’s trust deed dated 20[th] December 2011.
We aim to:
-
Promote community participation in healthy recreation for the benefit of the inhabitants of North Somerset by the provision of facilities for playing football; and
-
Benefit the public by the provision of facilities for all to improve health and inclusion.
Structure, governance and management
The charity was registered on 26[th] January 2012 and commenced activities on 1[st] June 2012.
There must be at least 3 trustees. Apart from the first trustees, every trustee must be appointed by a resolution of the trustees passed at a special meeting called under clause 15 of the trust deed. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity and further the purposes and aims of the charity detailed above.
The trustees are also responsible for identifying major risks to which the charity is exposed. They believe systems have been established to manage those risks.
Public benefit
The charity trustees are of the opinion that they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Page 2
Sports Active Seagulls Community Trust
Annual report of the trustees …continued
Achievements during the year
The charity’s trustees are pleased to report that the charity has now returned to operating at a similar level to that achieved prior to the Covid pandemic.
Reserves
The deficit for the year of £2,025 has been deducted from reserves brought forward of £5,900 resulting in reserves carried forward of £3,875 at 31[st] May 2022. The reduced number of projects undertaken by the charity has improved financial performance. The trustees hope to build reserves to ensure adequate resources for activities to continue for a minimum of twelve months, but meanwhile rely on the continued support of grant providers and creditors.
This report was approved by the Board on 6[th] December 2022 and signed on its behalf by
O. Bliss Trustee
Page 3
Independent examiner’s report to the trustees of Sports Active Seagulls Community Trust
I report to the trustees on my examination of the accounts of Sports Active Seagulls Community Trust (the Trust) for the year ended 31[st] May 2022, which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
(2) the accounts do not accord with those records; or
-
(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Robert Orr, Brooking Ruse, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.
6[th] December 2022
DIT.SAR.09023
Page 4
Sports Active Seagulls Community Trust
Statement of financial activities for the year ended 31[st] May 2022
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted |
funds | funds | ||
| Notes | funds |
funds | 2022 | 2021 | |
| £ | £ | £ | £ | ||
| Incoming resources | 2 | ||||
| Grants and donations | - | - | - | 886 | |
| Subscriptions | 17,400 | - | 17,400 | 14,751 | |
| Other incoming resources | 7,815 | - | 7,815 | 7,326 | |
| ______ | ______ | ______ | ______ | ||
| 25,215 | - | 25,215 | 22,963 | ||
| ______ | ______ | ______ | ______ | ||
| Resources expended | 3 | ||||
| Charitable activities | 26,400 | - | 26,400 | 13,590 | |
| Governance costs | 840 | - | 840 | 936 | |
| ______ | ______ | ______ | ______ | ||
| 27,240 | - | 27,240 | 14,526 | ||
| ______ | ______ | ______ | ______ | ||
| Net (outgoing)/incoming resources | 4 | ( 2,025 ) | - | ( 2,025) | 8,437 |
| Transfers between funds | ( 3,655 ) | 3,655 | - | - | |
| Funds brought forward | 9,555 | ( 3,655) | 5,900 | ( 2,537) | |
| ______ | ______ | ______ | ______ | ||
| Funds carried forward | 9 | 3,875 | - | 3,875 | 5,900 |
| ______ | ______ | ______ | ______ |
The notes on pages 7 to 11 form an integral part of these financial statements.
Page 5
Sports Active Seagulls Community Trust
Balance Sheet as at 31[st] May 2022
| Notes Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities The funds of the charity 9 Restricted funds Unrestricted funds |
2022 2021 £ £ 7,815 7,326 1,610 7,267 9,425 14,593 5,550 8,693 ______ ______ 3,875 5,900 ______ ______ 3,875 5,900 ______ ______ - ( 3,655) 3,875 9,555 ______ ______ 3,875 5,900 |
|---|---|
The financial statements were approved by the board on 6[th] December 2022 and signed on its behalf by:
O. Bliss Trustee
The notes on pages 7 to 11 form an integral part of these financial statements.
Page 6
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022
1. Accounting Policies
(a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
(b) Preparation of the accounts on a going concern basis
The charity reported a deficit for the year of £2,025 compared with a surplus of £8,437 in 2021. The Trustees have received assurances from grant providers and creditors for continued support and on this basis, the Trustees have prepared the accounts on a going concern basis.
(c) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
(d) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.
Donated services and facilities are included at the value to the charity where this can be quantified.
Investment income is included when receivable.
(e) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Page 7
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022 …continued
(f) Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
(g) Allocation of overhead and support costs
Support costs include administrative office functions, and have been allocated to activity cost categories on a basis consistent with the use of resources, allocating property costs on floor areas, staff costs by the time spent and other costs on a measure of usage.
| Unrestricted 2. Incoming resources funds £ Grants and donations: Schools - Conference - Subscriptions 17,400 Gift aid claimed 7,815 ______ 25,215 __ Unrestricted 3. Resources expended funds £ Direct costs 378 Premises expenses 26,022 Administrative expenses 840 ______ 27,240 ____ 4. Net (outgoing)/incoming resources This is stated after charging: Accountancy fees – examination – other services |
Restricted funds £ - - - ______ - __ Restricted funds £ - - - ______ - ____ |
_ |
Total funds 2022 £ - 17,400 7,815 _____ 25,215 __ Total funds 2022 £ 378 26,022 840 _____ 27,240 __ 2022 £ 840 - |
Total funds 2021 £ 886 14,751 7,326 ______ 22,963 __ Total funds 2021 £ 361 13,229 936 ______ 14,526 ____ 2021 £ 600 336 |
|
|---|---|---|---|---|---|
| _ _ |
|||||
| _ |
Page 8
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022 …continued
5. Trustees remuneration and related party transactions
No members of the management committee received any remuneration during the year, nor were any expenses reimbursed to trustees.
Oliver Bliss, a trustee of Sports Active Seagulls Community Trust, is also a director of Westonsuper-Mare Association Football Club Limited.
During the year, the charity was charged £26,022 (2021 - £13,229) by Weston-super-Mare Association Football Club Limited for hire of facilities.
At the year end, the charity owed Weston-super-Mare Association Football Club Limited £4,710 (2021 - £7,925).
6. Taxation
As a charity, Sports Active Seagulls Community Trust is exempt from tax on income and gains falling within sections 466 to 493 Corporation Tax Act 2010 (CTA 2010) or section 256 Taxation of Chargeable Gains Act 1992 (TCGA 1992) to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
| 7. Debtors Other debtors 8. Creditors:amounts falling due within one year Other creditors Accruals and deferred income |
2022 £ 7,815 _ 2022 £ 4,710 840 ____ 5,550 |
2021 £ 7,326 _ 2021 £ 7,925 768 ____ 8,693 |
|---|---|---|
Page 9
Sports Active Seagulls Community Trust
Notes to the unaudited financial statements
for the year ended 31[st] May 2022 …continued
| 9. | Funds | Unrestricted | Restricted | Total |
|---|---|---|---|---|
| Funds | funds | funds | ||
| £ | £ | £ | ||
| At 1stJune 2021 | 9,555 | ( 3,655) | 5,900 | |
| Deficit for the year | ( 2,025) | - | ( 2,025) | |
| Transfers between funds | ( 3,655) | 3,655 | - | |
| ______ | ______ | ______ | ||
| At 31st May 2022 | 3,875 | - | 3,875 | |
| ______ | ______ | ______ | ||
| Restricted funds | Balance | Transfers | Balance | |
| b/fwd | between | c/fwd | ||
| funds | ||||
| £ | £ | £ | ||
| Schools:- | ||||
| Conference | ( 3,655) | 3,655 | - | |
| ______ | ______ | ______ | ||
| ( 3,655) | 3,655 | - | ||
| ______ | ______ | ______ |
Page 10
Sports Active Seagulls Community Trust
The following pages do not form part of the statutory financial statements of the charity
Sports Active Seagulls Community Trust
Detailed income and expenditure account
for the year ended 31[st] May 2022
| 2022 £ Incoming resources Grants and donations - Subscriptions 17,400 Gift aid claimed 7,815 _____ 25,215 _____ Resources expended Facility hire 26,022 Insurances 378 Accountancy fees 840 _____ 27,240 _____ (Deficit)/surplus for the year ( 2,025) |
2021 £ 886 14,751 7,326 __ 22,963 __ 13,229 361 936 _____ 14,526 _____ 8,437 |
|---|---|