**Company number: 05731575**
**Charity number: 1148513**
**KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
**DIRECTORS' AND TRUSTEES’ REPORT AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
**MOORE CHARTERED ACCOUNTANTS OAKLEY HOUSE HEADWAY BUSINESS PARK 3 SAXON WAY WEST CORBY NORTHAMPTONSHIRE NN18 9EZ**
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **COMPANY INFORMATION**
|**Company number:**|05731575|
|---|---|
|**Charity number:**|1148513|
|**Directors and Trustees**|S R Fairhall|
||R W Lattimore|
||D Milford|
||M A Burton|
||SA Lattimore|
||C A Raitt|
||M S Jubb|
||M Turley|
|**Secretary:**|I R Hetherington|
|**Registered office:**|Oakley House|
||Headway Business Park|
||3 Saxon Way West|
||Corby|
||Northamptonshire|
||NN18 9EZ|
|**Accountants:**|Moore|
||Chartered Accountants|
||Oakley House|
||Headway Business Park|
||3 Saxon Way West|
||Corby|
||Northamptonshire|
||NN18 9EZ|
|**Bankers:**|The Cooperative Bank|
||PO Box 250|
||Skelmersdale|
||Lancashire|
||WN8 6WT|
|**Business address:**|Kingsmead|
||Station Road|
||Kings Cliffe|
||Northamptonshire|
||PE8 6YH|
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **REPORTS AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **CONTENTS**
||**Page**|
|---|---|
|Directors' and trustees’ report|1|
|Independent examiner’s report|3|
|Statement of financial activities|4|
|Statement of total recognised gains and losses|5|
|Profit and loss account|6|
|Balance sheet|7|
|Notes|8|
|Detailed trading and profit and loss account|13|
|Schedule of overhead expenses|14|
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **DIRECTORS' AND TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
## **Donations**
There were no political donations during the year. Charitable donations did not exceed £2,000 in the year.
## **Trustees/Directors**
The trustees/directors who served during the year were as follows:
S R Fairhall R W Lattimore D Milford M A Burton S A Lattimore C A Raitt M S Jubb I R Hetherington M Turley
## **Structure, governance and management**
The charity is in the form of a company limited by guarantee. The directors meet formally every quarter and deal with governance according to the outcome of such meetings. As such, all major decisions are approved by all of the directors. Day to day running of the site is handled by a paid part-time administrator and volunteers who have access to directors for advice and guidance as necessary.
## **Objectives and activities**
The principal activity of the company is the management of a community sports facility which includes raising funding for its development.
## **Achievements and performance**
The year to 31 March 2021 has seen the charity consolidate its financial position. A decrease in restricted grant income has resulted in a deficit for the year of £18,823. A previous change in accounting policy, applied retrospectively, has meant that grant income is recognised in the Statement of Financial Activities when received and therefore is not released each year to counteract the depreciation as done previously. The directors are making efforts to ensure that future trading income will remain positive and help to protect and indeed build on its working capital resources.
## **Reserves policy**
The balance sheet shows a positive position. The ongoing policy is to reinvest all surplus reserves into the project to improve both facilities and services.
Page 1
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **DIRECTORS' AND TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
This is a company limited by guarantee and therefore without share capital.
This report was approved by the board on ………………. and has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
## **On behalf of the board**
………………………………..
## **Director**
Page 2
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED**
## **FOR THE YEAR ENDED 31 MARCH 2021**
We report to the charity trustees on our examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 4 to 12.
## **Respective responsibilities of trustees and examiner**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied ourselves that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Basis of independent examiner's report**
Our 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.
## **Independent examiner's statement**
We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
We confirm that there are 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.
Moore Chartered Accountants Oakley House Headway Business Park 3 Saxon Way West Corby Northamptonshire NN18 9EZ
………………………………..
Page 3
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|**Unrestricted**
**Restricted**
**Note**
**funds**
**funds**
**£**
**£**
**Incoming resources**
Incoming resources from generated funds:
Voluntary income
2
561
-
Investment income
3
-
-
Incoming resources from charitable activities
4
41,959
31,452
_______
_______
**Total incoming resources**
42,520
31,452
**–––––––**
**–––––––**
**Resources expended:**
Cost of generating funds:
Costs of generating voluntary income
5
-
-
Charitable activities
6
13,776
71,351
Governance costs
7
7,668
-
_______
_______
**Total resources expended**
21,444
71,351
**–––––––**
**–––––––**
**Net movement in funds**
21,076
(39,899)
**–––––––**
**–––––––**
**Fund balances at 1 April 2020**
7,835
95,399
_______
_______
**Fund balances at 31 March 2021**
28,911
55,500
**–––––––**
**–––––––**|**Total**
**2021**
**£**
561
-
73,411
_______ _
73,972
**–––––––**
-
85,127
7,668
_______ _
92,795
**–––––––**
(18,823)
**–––––––**
103,234
_______
84,411
**–––––––**|**Total**
**2020**
**£**
2,308
-
156,726
_______
159,034
**–––––––**|
|---|---|---|
|||-
99,694
4,177
_______
103,871
**–––––––**|
|||55,163
**–––––––**|
||||
The above results are derived from continuing operations. All gains and losses recognised in the year are included above.
Page 4
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES**
## **FOR THE YEAR ENDED 31 MARCH 2021**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Net movement in funds for the financial year|(18,823)|55,163|
||**––––––––**|**––––––––**|
|Total recognised movement in funds relating to the year|(18,823)|55,163|
||**––––––––**|**––––––––**|
Page 5
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **PROFIT AND LOSS ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
||**Note**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
|**Income**||73,972|159,034|
|Administrative expenses||(92,795)|(103,871)|
|||**–––––––**|**–––––––**|
|**Operating profit/(loss)**|8|(18,823)|55,163|
|Other interest receivable and similar income||-|-|
|||**–––––––**|**–––––––**|
|**Profit/(loss) on ordinary activities before**|**taxation**|(18,823)|55,163|
|Tax on profit on ordinary activities|9|-|-|
|||**–––––––**|**–––––––**|
|**Profit/(loss) for the year**||(18,823)|55,163|
|||**–––––––**|**–––––––**|
The annexed notes form part of these financial statements.
Page 6
## **COMPANY NUMBER: 05731575**
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **BALANCE SHEET AS AT 31 MARCH 2021**
||**Note**||**2021**||**2020**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|11||42,739||53,596|
|**Current assets**||||||
|Debtors|12|7,447||17,900||
|Cash at bank and in hand||34,255||34,942||
|||**––––––––**||**––––––––**||
|||41,702||52,842||
|**Creditors**||||||
|Amounts due within one year|13|(30)||(3,204)||
|||**––––––––**||**––––––––**||
|**Net current assets**|||41,672||49,638|
||||**––––––––**||**––––––––**|
|**Total assets less current liabilities**|||84,411||103,234|
|**Creditors**||||||
|Due after more than one year|||-||-|
||||**––––––––**||**––––––––**|
|**Net liabilities**|||84,411||103,234|
||||**––––––––**||**––––––––**|
|**Capital and reserves**|14|||||
|Restricted funds|||55,500||54,201|
|Unrestricted funds|||28,911||49,033|
||||**––––––––**||**––––––––**|
||||84,411||103,234|
||||**––––––––**||**––––––––**|
For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard 102. Approved by the board of directors on …………….. and signed on its behalf.
## ……………………………
## **Director**
The annexed notes form part of these financial statements.
Page 7
**KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## 1. **Accounting policies**
These financial statements have been prepared in accordance with the statement of recommended practice FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (Charities SORP FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies’ regime. The disclosure requirements of the Charities SORP (FRS 102) have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The place of business is given on the company information page of these financial statements.
## **Income**
Income represents donations and grants received, as well as charges for the hire of a community sports facility.
## **Depreciation of fixed assets**
Fixtures and fittings are depreciated at 10% per annum on a straight line basis.
## **Grants received**
Grants are recognised in the Statement of Financial Activities when they are received.
## **Fund accounting**
Restricted funds are designated to be those received from grant providers, which by definition are grants secured for application against specific projects.
Unrestricted funds include the occasional non-specific grants, donations and surplus income derived from the rental and operation of the project facilities.
## **Going concern**
The trustees/directors have considered the potential impact of the coronavirus impact and have no immediate concerns in relation to the company’s long term future.
Page 8
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **NOTES SUPPLEMENTING THE STATEMENT OF FINANCIAL ACTIVITIES**
|2.
**Voluntary income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations
561
-
**––––––––**
**––––––––**
561
-
**––––––––** **––––––––**
3.
**Investment income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Bank interest
-
-
**––––––––**
**––––––––**
-
-
**––––––––** **––––––––**
4.
**Incoming resources from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Hall rent
6,910
-
Pitch/MUGA hire
7,560
-
Tennis income
1,583
-
Netball income
223
-
Grant income
25,000
31,452
Other income
683
-
**––––––––**
**––––––––**
41,959
31,452
**––––––––**
**––––––––**
5.**Costs of generating voluntary income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Festival costs
-
-
**––––––––**
**––––––––**
-
-
**––––––––**
**––––––––**|**Total**
**2021**
**£**
561
**––––––––**
561
**––––––––**
**Total**
**2021**
**£**
-
**-–––––––**
-
**––––––––**
**Total**
**2021**
**£**
6,910
7,560
1,583
223
56,452
683
**––––––––**
73,411
**––––––––**
**Total**
**2021**
**£**
-
**––––––––**
-
**––––––––**|**Total**
**2020**
**£**
2,308
**––––––––**
2,308
**––––––––**
**Total**
**2020**
**£**
-
**–––––––**
**––––––––**
**Total**
**2020**
**£**
5,505
5,965
1,262
-
143,994
-
**––––––––**
156,726
**––––––––**
**Total**
**2020**
**£**
-
**––––––––**
-
**––––––––**|
|---|---|---|
Page 9
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## 6. **Charitable activities**
|**Charitable activities**|||
|---|---|---|
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Hall/Pitch/MUGA maintenance
1,092
-
Sundry sports equipment and fixtures
-
-
Electricity costs
3,010
-
Water rates
396
-
Salaries 5,300
-
Depreciation of facilities
-
10,857
Internet and telephone
1,021
-
Professional fees and subscriptions 2,957
-
Capital expenditure
-
60,494
**––––––––**
**––––––––**
13,776
71,351
**––––––––**
**––––––––**
**overnance costs**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Sundries
2,579
-
Insurance
4,881
-
Printing and publicity
208
-
**––––––––** **––––––––**
7,668
-
**––––––––** **––––––––**|**Total**
**2021**
**£**
1,092
-
3,010
396
5,300
10,857
1,021
2,957
60,494
**–––––––**
85,127
**––––––––**
**Total**
**2021**
**£**
2,579
4,881
208
**––––––––**
7,668
**––––––––**|**Total**
**2020**
**£**
5,125
-
4,305
976
3,500
15,614
1,149
1,880
67,145
**––––––––**
99,694
**––––––––**|
|||**Total**
**2020**
**£**
321
3,769
87
**–––––––**
4,177
**––––––––**|
7. **Governance costs**
## **NOTES SUPPLEMENTING THE COMPANY PROFIT AND LOSS ACCOUNT**
## 8.
|**Operating profit**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|This is stated after charging:|||
|Depreciation of owned assets|10,857|15,614|
||**––––––**|**––––––**|
## 9. **Taxation**
The company is a registered charity (number 1148513) and consequently has no liability to corporation tax.
## 10. **Directors’ emoluments**
The directors do not receive any emoluments in respect of their services.
Page 10
**KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **NOTES SUPPLEMENTING THE CONSOLIDATED AND COMPANY BALANCE SHEET**
## 11. **Tangible fixed assets**
|||**Leasehold** **Fixtures,**||
|---|---|---|---|
|||**land and** **fittings and**||
|||**buildings** **equipment**|**Total**|
|||**£**
**£**|**£**|
||Cost:|||
||At 1 April 2020|1
199,027|199,028|
||Additions|-
-|-|
|||**––––––––** **––––––––**|**––––––––**|
||At 31 March 2021|1
199,027|199,028|
|||**––––––––** **––––––––**|**––––––––**|
||Depreciation:|||
||At 1 April 2020|-
145,432|145,432|
||Charge for the year|-
10,857|10,857|
|||**––––––––** **––––––––**|**––––––––**|
||At 31 March 2021|-
156,289|156,289|
|||**––––––––** **––––––––**|**––––––––**|
||Net book value:|||
||At 31 March 2021|1
42,738|42,739|
|||**––––––––** **––––––––**|**––––––––**|
||At 31 March 2020|1
53,595|53,596|
|||**––––––––** **––––––––**|**––––––––**|
||The land and buildings have been leased from the local parish council on a 50 year peppercorn|||
||lease, to preserve and protect the aims of the charity. They have been written down to a minimal|||
||value to reflect this.|||
|12.|**Debtors**|||
|
**Due within one year:**
Trade debtors
Other debtors
Taxation and social
13.
**Creditors - amounts falling due within one year**
Bank overdrafts
Other creditors
|**2021**
**£**
1,914
433
5,100
**––––––**
7,447
**––––––**
**2021**
**£**
-
30
**––––––**
30
**––––––**|**2020**
**£**
540
95
17,265
**––––––**
17,900
**––––––**
**2020**
**£**
3,174
30
**––––––**
3,204
**––––––**|
|---|---|---|
Page 11
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LTD (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## 14. **Analysis of net assets between funds**
|
**Restricted funds**
Land and equipment fund
**Unrestricted funds**|**Tangible**
**fixed**
**assets**
**£**
42,739
________
42,739
-
________
42,739
**––––––––**|**Net current**
**assets/**
**(liabilities) Total**
**£ £**
12,761
55,500
________
________
12,761
55,500
28,911
28,911
________
________
41,672
84,411
**––––––––** **––––––––**|
|---|---|---|
## 15. **Ultimate controlling party**
There is no ultimate controlling party of the company.
## 16. **Liability of directors**
The company is incorporated under the Companies Act with liability limited by Guarantee. Every member of the company undertakes to contribute to the assets of the company, in the event of the company being wound up while he is a member or within one year after he ceased to be a member, for payment of the debts and liabilities of the company contracted before he ceased to be a member, and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required not exceeding £5.
Page 12
## **KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **DETAILED TRADING AND PROFIT AND LOSS ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|||**2021**||**2020**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**Income**|||||
|Rent receivable||16,276||12,732|
|Grant income||56,452||143,994|
|Donations receivable||561||2,308|
|Other income||683||
-|
|||**–––––––**||**–––––––**|
|||73,972||159,034|
|**Miscellaneous other operating income**|||||
|Interest received||-||-|
|||**–––––––**||**–––––––**|
|||73,972|
|159,034|
|**Overheads**|||||
|Other administrative costs|92,795||103,871||
||**–––––––**||**–––––––**||
|||(92,795)||(103,871)|
|||**–––––––**||**–––––––**|
|**Profit/(Loss) on ordinary activities**||(18,823)|
|55,163|
|||**–––––––**||**–––––––**|
Page 13
**KINGS CLIFFE AND AREA COMMUNITY SPORTS PROJECT LIMITED (A COMPANY LIMITED BY GUARANTEE)**
## **SCHEDULE OF OVERHEAD EXPENSES**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|||**2021**||**2020**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**Other administrative costs**|||||
|Salaries|5,300||3,500||
|Utilities costs|3,406||5,281||
|Repairs and maintenance|1,092||5,125||
|Insurance|4,881||3,769||
|Printing, postage and stationery|208||87||
|Sundry expenses|2,579||321||
|Internet and telephone|1,021||1,149||
|Professional fees and subscriptions|2,957||1,880||
|Depreciation|10,857||15,614||
|Capital expenditure|60,494||67,145||
||**––––––**||**––––––**||
|||92,795||103,871|
|||**––––––**||**––––––**|
|**Total overhead expenses**||92,795||103,871|
|||**––––––**||**––––––**|
Page 14