BALHAM AND TOOTING COMMUNITY ANO SPORTS CLUB LTD FINANCIAL STATEMENTS YEAR ENDED 31ST JULY 2024
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD FINANCIAL STATEMENTS YEAR ENDED 31ST JULY 2024 Company Regislrallon Number.. 7702545 Charlty Registratlon Number.. 1148523 Registered Office.. 94 Balham Hlgh Road Balham London SW12 9AA Management Commilleo Officers.. Mr. N Williams (Chairman) Ms R Burton {Secrelaryl Mr M Anderson ITre8surer} Bankers. Barclays Bank PLC Clapham Common Group of Branches P.0. Box 4038 London SW12 9YB Independent Examlners Leroy Retd & Co. Chartered Certified Accountants & Slatulory Auditors 299 Northborough Road Norbury London SW16 4 TR
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD INDEX TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST JULY 2024 CONTENTS PAGE Report of the Management Committee Report of the Indepgndent Examiners Stalèmenl ol Flnanclal Activities Balance Sheet Notes to the Accounts
REPORT OF THE MANAGEMENT COMMITTEE TO THE MEMBERS OF 8ALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD The management Gommitlee who are 0150 dlreGIofS of thé charity for the purposes of Ihe Companies Act 2006, present their report wrth the financial statements of the char5ty for the year ended 31st July 2024. status The community and sports club Is a registered charity with a limited by guarantee Slalus. The management committee confirm that the provisions of the charlly's governing document have been complied with throughout the year. The company was formed lo take over the assels and aclivllles of the existing Balham and Tooling Sports and Social club. Prlnclpal Actlvltleg The principal aclivitses are the provision of opportunitses for recreation, social intercourses and refreshment of115 members Icgelher wilh the provisDn and mainlenancg of a Club House. Flnancial Posltlon Details of the club's trading actSvilles and finan¢lal positlon for the year under review are shown on pages 4 10 9. Management Commlttee Rosponslbllltles For The Flnanclal Statements The law requires us the management committee to prepare the financial Statements for each year which gives a true and fair view of the slate of affairs of the Glub and of ils profit and loss for that perlod. In preparing the financial slalements we ale required to.. lal select Suitab accounting policies and apply them consistently through the years Ibl make judgements and eslimales that are reasonable and Pfudenl Ic) slate whether applicable accounllng standards have been followed, subject to any material departures that should be disclosed and explained in the financial statements Idl prepare the financial statements on the going concern basis unles5 11 1$ Inappropriate to presume Ih8t the club wll continue in business. We are responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the financial posillon of the club and lo enable them lo ensure that the financi81 slalemenls comply with the Companies Act 2006. We are also responsible for safeguarding the asse15 of the club and hence for laking reasonable Steps for the prevention and detection of fr8Ltd and other irregularities.
REPORT OF THE MANAGEMENT COMMITTEE TO THE MEMBERS OF BALHAM AND TOOTING COMMUNITY AND SPORT8 CLUB LTO Members Of The Management Commlttee The members of the management commlllee ¢Jurlng the year were.. Mr. N Williams (Chairman) Ms R Burton (Secretary) Mr M Anderson ITreasurerl Ms Sylvia Smith Mr8 Hyacinth Parsons Mr Norman Jonas-Llvingslone Mr D Morri5 Mr E Whlte Ms Loma Simpson 10 Ms Linda Leid Mèmbers The management committee would Ilke lo thank the members for Ihelr svpportive role that h85 assisted them in the pertoimanGe of their duties Indopgndont Examinern A resolution proposing Leroy Reld & Co be re-appointed as Independent Examln8rs of the club will be propos8d al the Annual General Meeting. Approval This report was approved by the management committe8 on the signed on 115 behall by.. and Ms R Burton Secretary
REPORT OF THE MANAGEMEW COMMITTEE TO THE MEMBERS OF BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD We report on the financial statements of the charity lor the year ended 31st July 2024. which are sel out on pages 4 10 9. The ftn8nclal reporting framework that has been applled in their PTeparalion is applicable law and United Kingdom Accounting Standards Including FinanGial Reporting Standard IFRS 1021. Rè8pe¢tivg Responsibllltles of TrusteeB and Examlners As the charity's Iruslee5, you are responsible for the preparation of the 8ccounts. You also conslder that the audit requirement of Section 144121 of the Charities Act 2011 Ilhe 2071 Acll does not apply and that an independent ex8minalion is needed. Having satisfied ourselves that the charity Is not subject lo an audit and is eligible for Independent examlnalion, il is our responsibilliy lo.. 111 examine the accounts under section 145 of the 2011 A¢1 lill lo foll¢)w the procedures laid down In the general Directions given by the Charlty Commission under Section 14515}Ibl of the 2011 Act., an¢Y liiil lo slate whether particular mallers have come lo our attention. Ba81s of Independent Examiner's Roport Our examination was carried out in accordance with the General D5rections given by the Charity Commissioners. An examlnalion Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes conslderalion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such malleis. The procedure5 undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 15 given as lo whether the accounts present a 'true and fair view. and the report is limited lo those mallers sel out in the statement below Indepèndent Examlner'8 Statement In connection with our examination, no maller has come lo our attention.. which give us reasonable cause to believe that In any material respect the requirements to keep accounting COrdS In accordance with Section 130 of the 2011 Act., and to prepare accounts whi¢h accord wtth the accounting records and Comply wllh the accounting requirements of the 2011 Act have not been mel., oi 12) to whlch, in our opinion, attention should be drawn in order lo enable a pioper understanding to be reached. CHARTERED CERTIFIED ACCOUNTANTS & STA TUTORY AUDITORS 299 Northborough Road Norbury London SW16 4TR
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST JULY 2024 INCOME AND ENDOWMENTS NOTES 20 Charitable actlvltle8 Bar sale5 1 Ibl 113,651 99,751 Donations and legacies I Ib1&2 30,430 Total Income 144,081 129,074 CHARITA8LE EXPENDITURE Cost of bar sales 81,061 65,645 Other charitable activities Total Expenditure 126630 Nel Incomellexpendilurel 117,565) 2,444 Total funds brought fOard 1006 176 1003 732 TOTAL FUNDS CARRIED FORWARD £988,611 £1008 176 There were no rgcogni5ed gain5 or losses other than those passing through the Statement of Financial Affairs. The accompanylng notes form an integral part of th8 accounts.
8ALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD BALANCE SHEET AS AT 31ST JULY 2024 EMPLOYMENT OF CAPITAL NOTES 2024 2023 Fixed Assets 1000.000 1,000 000 CURRENT ASSETS Stock Cash and bank balances 1 (¢1 1,762 3.363 47,128 52,165 CREDITORS.. Amounts falling due within one year 140 6311 (18 0241 Net Current Assets 11,534 32,467 CREDITORS., Amounts falllng due after more than one year 22,923 26,291 Total Assets less Liabilities £988,611 £1,006,176 FINANCED B Y.. Unrestricted Fund £988,611 £1,006,176 The dir¢¢ioJ% are satisfied.. (al that for the year in questioii the cnmp#ny ig cntitled to the exemption fn)in audit by Seciion 477(21 of Coini?aiiies Act 2006 that 110 iiulico has beert deposited under Section 476 of ihe Aet iii relalioii to tlie dcLounts foi. the fiiiai?cial year Ib) The directors aLknowledge their respoi)sibililies for.. eiisui'iiig that tlie coinpaiiy kcep$ accoiinling records which coinply willi Section 386 of the Cornp<inies Act 2006, dnd preparing aLcounts whicli give a irue and fair view vfiliL' slaie vf Iilliiii'.% of Ilie Lolllplllly 4.5 Ht th¢ requirements of Sectioii 394 and 395 of the Act, and wliieli olhcrwi5e cojiiply willi the These dCCOlllll% Iiavc been prLI)iircd iii ncci?r(lance wi117 tlie siieLiiII pi'ovisioiib of the (.'niiii)Ii IIIL.4 Act 2006 rclalirig lo sinall coinpanics. l-he finaiici81 staiements were appi'oved by the Fjoard.. Nocl WilliamsEsq. IChllimii1nl.......,............................... . Duic. Mr M Andetson (Treasurer) Thc nccoinp&nyii18 note8 forin Dli inl¢gral parl of Ili¥ financi81 slai¢rncnis.
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD NOTES TO THE ACCOUNTS YEAR ENDED 31ST JULY 2024 ACCOUNTING POLICIES {a) Basis of preparation of flnancial statements The financial slalemenls are prepaied under the historlcal oosl convention and in acGordance with the Companies AGI 2006 and Slalemenl of Recommended PraGliGe.' Accounting and Reporting by Charlties preparing their accounts accordance with the Financial Reportlng Standard applicable in the UK and Republio of Ireland Icharilies SORP FRS 102 and the Charities Act 20111 The charity is a wblic benefll entSly under FRS 102. Ibl InGomo Income represents subs¢ripllon fees received from member5, bar sales and fees receivable from the use of the Glubs facilities where appropriate. wherè approprlate. Icl Stock Stock comprlse of bar supplie5. Stock is valued at the lower of ¢osl or nel rea115able value. Idl Depreclatlon Depreciatlon is cal¢ulaled on the straight line basis al rates whi¢h are Intended lo write off the cost of the assets over their estimated useful lives. {el Lease$ Rental costs under operating leases are charged to the Income and expenditure account in equal annual Inslalments covering the period of the Leases. (fl Fund A¢¢ounting Grants and similar income which ar8 subject lo donor imposed restriotions as lo their use and related expenditure are a¢counted for as reslricled ILsnds. All other income and expenditure are accounted for as unreslricled. Donatlons and lèga¢ies 2024 20 Members donations and due5 Gate receipts Club Hire Rental income Dominoes Raffle Cricket income Senior Cits'zen8 2,584 4,867 1,670 14.468 660 160 140 3,510 6,665 1,885 14.496 592 £30,430 £29 323
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD NOTES TO THE ACCOUNTS YEAR ENDEO 31ST JULY 2023 Cost of bar $0108 Opening stock Bar volunteer expens6s Purchas85 24 3,363 23.350 2,059 10,794 56,155 Less closing stock 82,823 1{c} 69.008 87.061 Other charltable a¢tivlt108 Members volunteering services and travel Rent. rates. and licences Legal and professional fees Insurance Light and heat Postage, printing, slalionery and telephone Socials, recreational. sports and general Transportallon and travel @xpenses Repairs, maintenance, laundry and cleaning Security Examinallon and accountsncy Depreciation Interest and bank chaiges 2024 6,377 2,997 806 2,826 1,793 2,795 6.175 2,540 40.181 11,634 600 2023 13.869 2,584 772 2.510 5,688 1,417 5,671 1,123 15,769 8,404 600 102 476
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD NOTES TO THE ACCOUNTS YEAR ENDED 31ST JULY 2024 FIXED ASSETS Fixtures & Freehold Pro ui men Total COSTNALUATION Opening balance Addition Closing balance 28,302 24,939 1.000,000 1,053,241 28,302 1000 000 1053 241 ACCUMULATED DEPRECIATION Opening balance Charge for the year Closing balance 28,302 24,939 53.241 24,939 53,241 NET BOOK VALUE as al 31st July 2024 £0 £1000 000 £1000 000 as al 3161 July 2023 £1.000 000 £1000,000 CASH AND BANK BALANCE8 2024 2023 Barclay8-93280349 {Building Fund) Barclay5-73563839 (Cricket Fund) Barclays-90373273 (Main Curront Account) Barclays-33280748 (Senior Cilizensl Barclays-43020258 (Community Accounti Cash in hand and floats 19,184 17,279 8.616 15.938 1.391 1,764 20,326 1,391 6.365 £50 403 £47 128
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD NOTES TO THE ACCOUNTS YEAR ENDED 31ST JULY 2024 CREDITORS: Amounts lalllng due withln one year 2024 Other credilors and accruals 631 £40,631 £18,024 CREDITORS.. Amounts falllng dug afterone year 2024 2023 Bank Loans £22,923 £26 291 UNRESTRICTED FUND 024 2023 Opening balance Add.. Excess of income over expenditure for the year 147,459 17,5651 129.894 858 717 fj45,015 147,459 858 717 Revaluallon Reserves Closing balanoe £988,611 £1006 176
BALHAM AND TOOTING COMMUNITY AND SPORTS CLUB LTD DETAILED INCOME AND EXPENDITURE YEAR ENDED 31ST JULY 2024 SOURCES OF INCOME NOTES 2024 2023 8AR Sale5 1{bl 113,651 Cost of salos Opening stock Bar volunteer expenses Purchases and seNi¢e$ 3,363 23,350 2,059 10,794 82.823 11,7621 69,008 13,3631 Les5 closing stock 1 (cl 65,645 Bar gross profil for the year Donations and fundraislng 32,590 30,430 34,106 I Ib1&2 LESS: EXPENSES Members volunteering servlces and travel Rent, rates. and licences Legal and profe5slonal fees Insurance Light and heal Postage. printing, slalionery and telephone Soclals, recreational, sports and general Transportation and travel expenses Repairs. maintenance, laundry and cleaning Security Examinallon and accountancy Depreciation Interest and bank eharges 8,377 2.997 806 2,626 1,793 2,795 6,175 2.540 40.181 11,634 600 13,869 2,584 772 2,510 5,688 1,417 5,671 1,123 15,769 8.404 600 102 ij Excess of Income over expendrture for the year 117,565)