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2023-04-30-accounts

REGISTERED COMPANY NUMBER: 04215340 (England and Wales) REGISTERED CHARITY NUMBER: 1151002

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

CLEE FIELDS MANAGEMENT COMPANY LIMITED

CLEE FIELDS MANAGEMENT COMPANY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10

CLEE FIELDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04215340)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023

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 year ended 30 April 2023. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charities object is the promotion of community participation in healthy recreation by providing facilities for playing sport.

PUBLIC BENEFIT

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees/Directors consider how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Charity continues to aid the advancement of health through recreation for young people, the elderly and people with disabilities by meeting the needs of various groups and making the best use of the resources available to us. The Fusion and Well Being centre whose premises are next door to our facility received funding from the local council and the Police Commissioners office to offer sporting opportunities to hard-to-reach youngsters and to this end we entered into an agreement with Fusion for them to hire our facility for that purpose for a year. We have also made the premises available free of charge for a holiday club organised by Fusion during school holidays.

FINANCIAL REVIEW

Financial position

Letting income is as expected and we do not have any financial concerns for the short to medium term.

Reserves policy

The trustees monitor income and expenditure on a regular basis to ensure reserves are held at an adequate level. We have been able to maintain our reserves due to good financial management.

FUTURE PLANS

The charity seeks to continue to develop and improve its existing facilities. NELC have started the regeneration of the Clee Fields site but we have been assured this will not affect our operation apart from temporary issues during the construction stage. Unfortunately, this regeneration means that we may not be in a position to extending the present sports hall as we would have wished.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its memorandum and articles of association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04215340 (England and Wales)

Registered Charity number

1151002

Registered office

1 Westkirke Avenue Scartho GRIMSBY DN33 2HS

Page 1

CLEE FIELDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04215340)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023

Trustees

B G Ashwell Mrs. A C Bray M J Corry J. M. Corry P A Heath S Dean J Hancock

Independent Examiner

H. J. Spauls F.C.A 12 Abbey Road GRIMSBY DN32 0HL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Clee Fields Management Company Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... M J Corry - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLEE FIELDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04215340)

Independent examiner's report to the trustees of Clee Fields Management Company Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2023.

Responsibilities and basis of report

As the charity's 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 myself 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, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:

  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

  2. 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

  3. 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)).

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.

H. J. Spauls

H. J. Spauls F.C.A 12 Abbey Road GRIMSBY DN32 0HL

Date: .............................................

Page 3

CLEE FIELDS MANAGEMENT COMPANY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Core Activities
24,118
Investment income
2
1,884
Total
26,002
EXPENDITURE ON
Charitable activities
Core Activities
29,103
NET INCOME/(EXPENDITURE)
(3,101)
RECONCILIATION OF FUNDS
Total funds brought forward
141,986
TOTAL FUNDS CARRIED FORWARD
138,885		 Restricted
fund
£
-
-
-
-
-
-
-		 30.4.23
Total
funds
£
24,118
1,884
26,002
29,103
(3,101)
141,986
138,885		 30.4.22
Total
funds
£
19,435
575
20,010
29,331
(9,321)
151,307
141,986

The notes form part of these financial statements

Page 4

CLEE FIELDS MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 04215340)

BALANCE SHEET

30 APRIL 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
33,209
CURRENT ASSETS
Debtors
7
2,932
Cash at bank
108,772
111,704
CREDITORS
Amounts falling due within one year
8
(6,028)
NET CURRENT ASSETS
105,676
TOTAL ASSETS LESS CURRENT LIABILITIES
138,885
NET ASSETS
138,885
FUNDS
9
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-		 30.4.23
Total
funds
£
33,209
2,932
108,772
111,704
(6,028)
105,676
138,885
138,885
138,885
138,885		 30.4.22
Total
funds
£
38,279
2,907
109,517
112,424
(8,717)
103,707
141,986
141,986
141,986
141,986

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. M J Corry - Trustee

The notes form part of these financial statements

Page 5

CLEE FIELDS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5% Straight Line
Plant and machinery - 20% Straight Line

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. INVESTMENT INCOME

3.

INVESTMENT INCOME
30.4.23 30.4.22
£ £
Deposit account interest 1,884 575
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.4.23 30.4.22
£ £
Independent examiners' fee 666 612
Depreciation - owned assets 5,241 6,377

Page 6

CLEE FIELDS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Core Activities 19,435 - 19,435
Investment income 575 - 575
Total 20,010 - 20,010
EXPENDITURE ON
Charitable activities
Core Activities 29,331 - 29,331
NET INCOME/(EXPENDITURE) (9,321) - (9,321)
RECONCILIATION OF FUNDS
Total funds brought forward 151,307 - 151,307
TOTAL FUNDS CARRIED FORWARD 141,986 - 141,986
6. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£ £ £
COST
At 1 May 2022 43,195 32,077 75,272
Additions - 171 171
At 30 April 2023 43,195 32,248 75,443
DEPRECIATION
At 1 May 2022 8,694 28,299 36,993
Charge for year 2,160 3,081 5,241
At 30 April 2023 10,854 31,380 42,234
NET BOOK VALUE
At 30 April 2023 32,341 868 33,209
At 30 April 2022 34,501 3,778 38,279

Page 7

CLEE FIELDS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.5.22
£
141,986
141,986
Incoming
resources
£
26,002
26,002
At 1.5.21
£
151,307
151,307		 30.4.23
30.4.22
£
£
2,745
1,797
187
1,110
2,932
2,907
30.4.23
30.4.22
£
£
-
2,551
6,028
6,166
6,028
8,717
Net
movement
At
in funds
30.4.23
£
£
(3,101)
138,885
(3,101)
138,885
Resources
Movement
expended
in funds
£
£
(29,103)
(3,101)
(29,103)
(3,101)
Net
movement
At
in funds
30.4.22
£
£
(9,321)
141,986
(9,321)
141,986

Page 8

CLEE FIELDS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 20,010 (29,331) (9,321)
TOTAL FUNDS 20,010 (29,331) (9,321)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.5.21
£
151,307
151,307		 Net
movement
in funds
£
(12,422)
(12,422)		 At
30.4.23
£
138,885
138,885

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 46,012 (58,434) (12,422)
TOTAL FUNDS 46,012 (58,434) (12,422)

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2023.

11. OPERATING LEASES

Clee Fields Management Company Limited signed a 25 year lease in March 2018.

There is no rent payable to occupy the short leasehold property.

Page 9

CLEE FIELDS MANAGEMENT COMPANY LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023

30.4.23 30.4.22
£ £
INCOME AND ENDOWMENTS
Investment income
Deposit account interest 1,884 575
Charitable activities
Hire of facilities 24,118 19,435
Total incoming resources 26,002 20,010
EXPENDITURE
Charitable activities
Rates and water 904 608
Premises insurance 800 800
Light and heat 5,059 3,026
Telephone 314 302
Postage and stationery 13 23
Sundries 78 97
Repairs 9,290 11,213
Cleaning 5,939 5,508
Keyholder expenses 69 88
Insurance 730 677
Depreciation of tangible fixed assets 5,241 6,377
28,437 28,719
Support costs
Governance costs
Independent examiners' fee 666 612
Total resources expended 29,103 29,331
Net expenditure (3,101) (9,321)

This page does not form part of the statutory financial statements

Page 10