## 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**
1
## 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.
2
## 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: ……………..…..………….
3
## 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:
- 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
- 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
4
## 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.
8