Company Number: 07953782 Charity Number: 1151635
Danson Sports Limited
Report & Accounts
30 April 2022
Danson Sports Limited Registered Office/Club Facilities: Mayplace Sports Ground, Perry Street, Crayford, Kent, DA1 4RB.
Danson Sports Limited
| Contents | Page |
|---|---|
| Legal and Administrative Information | 1 |
| Directors/Trustees Report | 2 |
| Approval Statement & Treasurers Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 - 8 |
| Detailed Profit and Loss account | 9 - 10 |
Danson Sports Limited
Legal and Administrative Information
Constitution
Danson Sports Limited (previously Danson Sports FC Limited) is a company Limited by Guarantee and a Registered Charity governed by its Memorandum and Articles of Association. Company Number 7953782. Charity Number 1151635.
Directors and Trustees
The Directors of the Charitable Company (“The Charity”) are its Trustees for the purpose of Charity Law.
Directors/Trustees Mr Stephen Wicks (Chairman) Mr David Kelly (Vice-Chair) Mrs Toni Hooton (Treasurer) Mrs Lorraine Rayner (Welfare Officer) Mr Stephen Rayner (Secretary) Secretary Mr Stephen Rayner Registered Office Mayplace Sports Ground Perry Street Kent DA1 4RB Bankers Barclays Bank PLC 6 Market Place Bexleyheath Kent DA6 7DY
1
Danson Sports Limited Directors/Trustees Reports For the Accounting Period ending 30[th] April 2022
The Directors/Trustees present their Report and Accounts of the Company for the year ended 30[th] April 2022. The Members have adopted the provisions of the Charities Act 2006, the Companies Act 2006, the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2005) and the Charities accounts and reports regulations 2008 in preparing the Annual Report and Financial Statements of the Charity. The information set out on page 1 forms part of this Report.
Governing Document
Danson Sports Limited was incorporated on the 17[th] February 2012 under the Companies Act 2006 as a Private Company Limited by Guarantee. On the 12[th] April 2013 Danson Sports FC Limited obtained Charity Status. The Company’s Memorandum of Association establishes the objects and powers of the Charity and it is governed under its Articles of Association. On the 10[th] September 2021 The Company and Charity changed its incorporated name to Danson Sports Limited.
Appointments of Directors/Trustees
A new Director/Trustee may be appointed by a majority of the existing Directors/Trustees.
Directors/Trustees
The following persons served as Directors/Trustees during the Accounting Period to 30[th] April 2022 Mr David Kelly
Mrs Toni Hooton Mrs Lorraine Rayner Mr Stephen Rayner Mr Stephen Wicks
Objects of the Charity
The Directors/Trustees have in setting the objectives and planning the activities given full consideration to the Charity Commissions guidance on Public Benefit.
The Charity’s objective is to provide affordable sports and recreational facilities to the local communities and to provide those who come from deprived backgrounds the same opportunities.
Structure
The Board (Trustees/Directors) is currently made up of 7 members who meet on a quarterly basis to discuss and minute the strategies, policies and general direction of the Charity. The Board also uses this time to discuss, minute and review finances and other related business matters that may arise.
Statement of the Directors/Trustees Responsibilities
The Directors/Trustees are responsible for the preparation of the accounts. They consider that an audit is not required for the accounting period ended 30[th] April 2022 in accordance with section 144(2) of the Charities Act 2011 and with section 476 of the Companies Act 2006.
The Directors/Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Small Company Provisions
This report has been prepared in accordance with the provisions in part 15 of the Companies Act 2006 applicable to companies’ subject to the small companies’ regime.
This Report was approved by the board on 10[th] January 2023.
Stephen Rayner Director/ Trustee (Secretary)
2
Danson Sports Limited Approval statement For the Accounting Period ending 30[th] April 2022
We approve these accounts which comprise of a Receipt and Payment Account, Balance Sheet and the related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1, and for providing all the information and explanations necessary for their compilation.
These Accounts were approved by the board on 10[th] January 2023.
Stephen Rayner Director/Trustee (Secretary)
Treasurers’ report on the unaudited accounts to Danson Sports Limited
You have approved the Accounts for the year ended 30[th] April 2022 which comprise of a receipts and payments Account, Balance Sheet and related notes. In accordance with your instructions, I have compiled these unaudited accounts from the accounting records, information and explanations the club have recorded from 1[st] May 2021 – 30[th] April 2022.
This Report was approved by the board on 10[th] January 2023.
Toni Hooton Director/Trustee (Treasurer)
David Kelly Director/Trustee (Vice Chair)
3
Danson Sports Limited Income and Expenditure Account For the period from 1[st] May 2020 to 30[th] April 2022
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Income | 2 | 507,463 | 303,827 |
| Expenditure | (503,255) | (353,922) | |
| Net Income | 4,208 | (50,095) | |
| Net Income on Ordinary Activities before Taxation | 4,208 | (50,095) | |
| Tax on Profit on Ordinary Activities | 3 | - | - |
| Retained Net Income for the Period | 4,208 | (50,095) |
4
Danson Sports Limited Balance Sheet As at 30[th] April 2022
| Notes £ Fixed Assets Tangible fixed Assets 4 Current Assets Debtors Stock 5 5 0 12,245 Cash in bank and in hand 10 58,559 70,804 Creditors: Amounts falling due within one year 6 (17,891) Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 7 Net Assets Capital and reserves Accumulated Fund 8 Accumulated funds |
2022 £ £ 106,413 106,413 0 6,245 78,239 84,484 (14,905) 52,912 159,325 (27,391) 131,934 14,259 4,208 18,467 |
2021 £ 86,498 86,498 69,579 156,077 (63,539) 92,538 114,449 (50,095) 64,354 |
|---|---|---|
5
Danson Sports Limited Notes to the Accounts For the period from 1[st] May 2021 to 30[th] April 2022
1. Accounting Policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) on the basis of the receipts and payments recorded in the clubs accounting records during the accounting period 1[st] May 2021 – 30[th] April 2022.
Income
Income is represented by the value of all monies received for the period for services to members including donations, sponsorship and income from other activities.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Equipment 25% Reducing Balance Football Equipment 25% Reducing Balance
Long Term Lease
Legal cost incurred for the period up to to 30[th ] April 2014 was £5,620 in regard to the company’s 25 year lease; this amount is depreciated over the course of the lease by £235 per year.
2. Income
| . Income Sponsorship, Donations & Fundraising Catering Sales Facility Hire Other Income Credits Revenue Grant Membership Income* |
2022 £ 15,349 111,617 27,236 10,418 - 45,982 296,861 507,463 |
2021 £ 8,363 24,108 10,524 - - 88,161 172,672 |
|---|---|---|
| 303,828 |
- Membership income includes gift aid claims
3. Taxation
The Directors/Trustees are of the opinion that the company/charity is a non-profit-making organisation. No UK Corporation Tax Liability will arise on the company’s retained net income for the period.
6
Danson Sports Limited Notes to the Accounts - For the period from 1[st] May 2021 to 30[th] April 2022
4. Tangible Fixed assets
Land and Buildings Fixtures and Equipment Football Equipment Total
| £ | £ | £ | £ | |||||
|---|---|---|---|---|---|---|---|---|
| Cost | ||||||||
| At 30th April 2020 | 60,408 | 47,492 | 10,866 | 118,766 | ||||
| Additions | 0 | 6,00 | 3,300 | 9,300 | ||||
| Disposals | 0 | 0 | 0 | 0 | ||||
| At 30th April 2021 | 60,408 | 53,492 | 14,166 | 128,066 | ||||
| Additions | 0 | 25,000 | 6,000 | 31,000 | ||||
| Disposals | 0 | 0 | 0 | 0 | ||||
| At 30th April 2022 | 60,408 | 78,492 | 20,166 | 159,066 | ||||
| Depreciation | ||||||||
| At 30th April 2020 | 6,895 | 17,952 | 7,209 | 32,057 | ||||
| Charge for the Period | 3,222 | 4,488 | 1,802 | 9,512 | ||||
| At 30th April 2021 | 10,117 | 22,440 | 9,011 | 41,569 | ||||
| Charge for the Period | 3,222 | 5,610 | 2,253 | 11,085 | ||||
| At 30th April 2022 | 13,339 | 28,050 | 11,264 | 52,654 | ||||
| Net book value | ||||||||
| At 30thApril 2020 | 53,513 | 29,540 | 3,656 | 86,710 | ||||
| At 30thApril 2021 | 50,291 | 31,052 | 5,154 | 86,498 | ||||
| At 30thApril 2022 | 47,069 | 50,442 | 8,902 | 106,413 |
| 5. Debtors Other Debtors Stock 6. Creditors: Amounts falling due within one year Loans from Directors VAT Account Finance Agreement Other Creditors 7. Creditors: Amounts falling due after one year Finance Agreement Other Creditors 8. Accumulated Fund Net Income for the period |
2022 £ - 12,245 12,245 2022 £ - - 6,703 11,188 17,891 2022 £ 246 27,145 27,391 2022 £ 4,208 |
2021 £ - 6,245 6,245 2021 £ - - 9,289 5,616 14,905 2021 £ 13,094 50,445 63,539 2021 £ (50,095) |
|---|---|---|
9. Balance sheet events
The Company entered into a long lease of 25 years with the London Borough of Bexley in respect of Land and Buildings known as Mayplace Sports Ground, Perry Street, Crayford, Kent on the 15[th] June 2013 at an annual rent of £10,000, The rent was reviewed in 2018 under the terms of the lease and the annual rent is currently £11,274.
10. 3G Sinking Fund
The Company is obliged to maintain a sinking fund at a rate of £25,000pa, commencing June 2017, for the future repair/replacement of the 3g facility.
| During 2017-18 £801.09 was applied to the replacement of damaged fencing at the 3g compound During 2018-19 £8350.80 was applied to the re- crumbing of the carpet During 2019-20 the fund was not fully topped up due to income curtailed by C19 enforced closure During 2020-21 the fund was not fully topped up due to C19 closures over a high amount of this period with income severely affected During 2021-22 the fund was not topped up due to income curtailed by C19 |
In | Out | Total | Bal |
|---|---|---|---|---|
| 25,000 | (801) | 24,199 | ||
| 25,000 | (8,351) | 16,649 | 40,848 | |
| 10,000 | (0) | 10,000 | 50,848 | |
| 8,034 | (1,734) | 6,300 | 57,148 | |
| 0 | (15,500) | (15,500) | 41,648 |
8
Danson Sports Limited Detailed Profit and Loss account For the period from 1[st] May 2021 to 30[th] April 2022
| Income Playing Expenses General Administrative Expenses Retained Income for the Period See page 10 for further details |
2022 £ 507,463 (210,164) (293,091) 4,208 |
2021 £ 303,827 (103,091) (353,922) (50,095) |
|---|---|---|
9
Danson Sports Limited Detailed Profit & Loss Account For the period from 1[st] May 2021 to 30[th] April 2022
| Income Sponsorship, Donations & Fundraising Catering Sales Facility Hire Other Income Credits Revenue Grant Membership Income Playing Expenses Catering and Presentations Coaching Fees Kit and Equipment Facilities & Pitch Hire FA & League Fees, Costs & Fines Depreciation Referee/Officials Fees General Expenses* Stationary & Printing Bank Charges& Interest Repairs & Maintenance of Equipment & Facilities Sundry Expenses Donations Accountancy & Legal Fees Computer & Office Expenses Club Utilities Stock Lost (Due to Covid 19) Rent & Rates Insurance Staff Related Costs |
2022 £ 15,349 111,617 27,236 10,418 - 45,982 296,861 507,463 68,471 6,504 83,271 2,005 16,328 11,085 22,500 210,164 303 6,078 75,102 - - 5,045 1,074 29,715 - 13,748 3,549 158,477 293,091 503,255 |
2021 £ 8,363 24,108 10,524 - - 88,161 172,672 303,828 20,063 1,905 61,307 - 2,819 9,512 7,485 103,091 630 5,615 63,867 - - 4,814 4,619 11,689 6,245 12,032 3,454 137,866 229,409 353,922 |
|---|---|---|
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