City of Wakefield Golf Club
Charity number 1151091
Annual Report and Financial Statements
for the year ended 31 March 2021
City of Wakefield Golf Club
Annual Report and Financial Statements for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accounting Service
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City of Wakefield Golf Club
Trustees' report for the year ended 31 March 2021
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Fiona Smart President Mark Robinson Geoff Askam Stuart McClelland David Brambles Matthew Kennedy Malcolm Pitchforth Mick Warner Dave Emmott
Charity number 1151091 Registered in England and Wales Registered and principal address Bankers The Gaskell Sports Pavilion Barclays Bank plc Horbury Road Teal Way Wakefield Wakefield WF2 8LG WF1 1QS
Independent examiner
Simon Bostrom FCIE
West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 5 March 2013 and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
Objectives and activities
The charity's objects
The objects of the CIO are to promote the health and fitness of the public (without distinction of race, gender, age, disability, sexual orientation or religious or similar belief) by promoting community participation in healthy recreation through provision of facilities for playing golf at the Gaskell Sports Pavilion or such other venue as the trustees may determine.
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City of Wakefield Golf Club
Trustees' report (continued) for the year ended 31 March 2021
The charity's main activities
To promote golf for all and support the members, and to keep the club financially viable.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
Achievements and performance
We have achieved the above activities and continue to liaise with the Council in an attempt to provide a course that people will want to visit.
Financial review
The net income for the year was £9,929.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £27,777. The trustees have not adopted a reserves policy.
Signed on behalf of the board of trustees on …………..……...…….
Signed: ………………..…………. (Trustee)
Name: ……………..…..………….
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City of Wakefield Golf Club
Independent examiner's report to the trustees of City of Wakefield Golf Club
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2021, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the CIO 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 CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
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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.
Signed: …………………………………… Name: Simon Bostrom FCIE
Date: …………………….
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
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City of Wakefield Golf Club
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2021
| Income from: Donations Members' subscriptions Competition fees Other income Total income Expenditure on: Competition prizes Competition expenses Meals and entertainment Telephone Printing, postage and stationery Staffing Rent IT and computers Independent examination Licences and subscriptions Insurance Repairs and renewals Cleaning Sundry items Total expenditure Net income / (expenditure) Fund balances brought forward Fund balances carried forward |
2021 Total funds £ 1,719 15,370 8,539 619 26,247 6,524 - - 417 30 1,375 2,865 59 300 3,119 1,525 46 - 58 16,318 9,929 17,848 27,777 |
2020 Total funds £ - 19,332 17,682 - 37,014 12,113 1,115 511 677 112 5,817 8,800 21 152 3,466 1,025 490 1,945 464 36,708 306 17,542 17,848 |
|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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City of Wakefield Golf Club
Balance sheet
| as at 31 March 2021 Current assets Debtors and prepayments (2) Cash at bank and in hand (3) Total current assets Current liabilities: amounts falling due within one year Creditors and accruals (4) Total current liabilities Net current assets / (liabilities) Net assets Funds Unrestricted funds Restricted funds Total funds |
2021 Total £ 33,197 1,178 34,375 6,598 6,598 27,777 27,777 27,777 - 27,777 |
2020 Total £ 14,308 3,900 18,208 360 360 17,848 17,848 17,848 - 17,848 |
|---|---|---|
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
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City of Wakefield Golf Club
Notes to the accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
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City of Wakefield Golf Club
Notes to the accounts continued
for the year ended 31 March 2021
| 2 Debtors and prepayments Funds held by trading subsidiary Prepayments 3 Cash at bank and in hand Cash at bank Cash in hand 4 Creditors and accruals Subs received in advance Accruals |
2021 £ 33,197 - 33,197 2021 £ 274 904 1,178 2021 £ 6,298 300 6,598 |
2020 £ 14,308 - 14,308 2020 £ 2,996 904 3,900 2020 £ - 360 360 |
|---|---|---|
5 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
During the year Matthew Kennedy (trustee) received a payment of £610 as an honorarium (2020: £nil). The charity's constitution provides the authority for this payment.
Other related party transactions
The charity is the sole member and therefore controls a subsidiary company City of Wakefield Golf Club 2013 Ltd (registered number 08350576). During the year the company incurred expenditure of £5,643 on the charity's behalf (2020: £21,857). It also collected subscriptions for the charity of £21,638 (2020: £9,322).
At the year end there was an outstanding balance of £33,197 owing to the charity (2020: £14,308). This sum is repayable on demand.
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