## City of Wakefield Golf Club
Charity number 1151091
Annual Report and Financial Statements
for the year ended 31 March 2023
## City of Wakefield Golf Club
Annual Report and Financial Statements for the year ended 31 March 2023
|**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 9|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## City of Wakefield Golf Club
## Trustees' report for the year ended 31 March 2023
## **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**
Malcolm Pitchforth Dave Emmott Philip Brown Joan Charnley-Brown Jason Fawcett Wendy Leeming Michael Charles Michael Davis Fiona Smart Richard Garner Mark Whittell Roger Byrne
Resigned April 2022
Resigned August 2022 Resigned October 2022
Appointed October 2022 Appointed October 2022 Appointed October 2022 Appointed October 2022 Resigned April 2023
## **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 Accountancy Service CIO**
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 an association constitution.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are appointed by the members at the AGM.
2
## City of Wakefield Golf Club
## Trustees' report (continued) for the year ended 31 March 2023
## **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.
## **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 expenditure for the year was £24,186.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £7,682.
The trustees have not adopted a reserves policy.
Approved by the board of trustees on 15/09/2023
Fiona Smart (Trustee)
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 2023, which are set out on pages 5 to 9.
## **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.
Simon Bostrom FCIE
21/09/2023
## **West Yorkshire Community Accountancy Service CIO**
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 2023
|Notes
**Income from:**
Members' subscriptions
Competition fees
Donations
Events and lotteries
Vending and games machine
Commission on members' orders
Contribution from bar steward
Bank interest
**Total income**
**Expenditure on:**
Salaries and NIC
(2)
Honoraria, green fees etc
Trophies and prizes
Meals and entertainment
Vending and games machine costs
Rent, rates and utilities
Licences and subscriptions
Insurance
Telephone and internet
Printing, postage and stationery
Computer software and maintenance
Repairs and renewals
Cleaning
Sundry items
Events expenses
Independent examination
Bank charges
Depreciation
Cost of combination of trading subsidiary
**Total expenditure**
**Net income / (expenditure)**
**Fund balances brought forward**
**Fund balances carried forward**|2023
Total
funds
£
21,403
28,781
-
919
26,910
188
3,600
26
81,827
6,000
540
22,660
407
23,628
12,000
4,316
1,676
554
400
505
411
250
398
856
840
976
501
29,095
106,013
(24,186)
32,989
8,803|2022
Total
funds
£
18,506
21,740
35
1,411
-
-
-
-
41,692
-
1,200
16,044
21
-
11,147
4,347
1,130
349
266
78
304
180
203
527
250
434
-
-
36,480
5,212
27,777
32,989|
|---|---|---|
All incoming resources and resources expended derive from continuing activities.
5
## City of Wakefield Golf Club
## Balance sheet
|as at 31 March 2023
**Fixed assets**
Tangible assets
(3)
**Total fixed assets**
**Current assets**
Debtors and prepayments
(4)
Cash at bank and in hand
(5)
**Total current assets**
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(6)
**Total current liabilities**
**Net current assets / (liabilities)**
**Net assets**
**Funds**
Unrestricted funds
Restricted funds
**Total funds**|2023
Total
£
1,121
1,121
1,900
48,469
50,369
42,687
42,687
7,682
8,803
8,803
-
8,803|2022
Total
£
-
-
39,842
16,984
56,826
23,837
23,837
32,989
32,989
32,989
-
32,989|
|---|---|---|
The financial statements were approved by the board of trustees on 15/09/2023
Fiona Smart (Trustee)
6
## City of Wakefield Golf Club
## Notes to the accounts
for the year ended 31 March 2023
## **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, if 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.
7
## City of Wakefield Golf Club
## Notes to the accounts continued
## for the year ended 31 March 2023
|**2 Staff costs and numbers**
Gross salaries
Pensions|2023
£
6,000
-
6,000|2022
£
-
-
-|
|---|---|---|
The average number of employees during the year was 2, being an average of 0.2 full time equivalent (2022: 0, 0 FTE). There were no employees with emoluments above £60,000.
|**3 **
**4 **
**5 **
**6 **|**Tangible assets**
**Cost**
Transferred on combination
Additions
At 31 March 2023
**Depreciation**
Transferred on combination
Charge for year
At 31 March 2023
**Net book value**
At 31 March 2023
At combination
**Debtors and prepayments**
Amounts owed by subsidiary company
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Creditors
Amounts owed to subsidiary company
Subs received in advance
Accruals
Other creditors
Bar card balances|£
992
-
992
992
-
992
-
-
Computers|£
6,265
-
6,265
4,689
455
5,144
1,121
1,576
Plant and
machinery|£
440
-
440
394
46
440
-
46
2023
£
-
1,900
2023
£
45,440
3,029
48,469
2023
£
291
-
6,130
24,434
364
11,468
42,687
Fixtures
and fittings|Total
£
7,697
-
7,697
6,075
501
6,576
1,121
1,622
2022
£
39,842
39,842
2022
£
15,550
1,434
16,984
2022
£
-
14,427
8,570
840
-
-
23,837|
|---|---|---|---|---|---|
8
## City of Wakefield Golf Club
## Notes to the accounts continued
for the year ended 31 March 2023
## **7 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
During the year one trustee was paid an honorarium: Roger Byrne £540 (2022: £540). The charity's constitution provides the authority for these payments.
Wendy Leeming was originally employed by the trading subsidiary and was on the board of trustees for the charity at the time of the combination. She stood down from the trustee board in October 2022. During the time that she was both employed and on the board, she received pay of £1,750.
9