RECASTERED COMPANY NUMBER: 00575488 IEngland and Wales) REGISTERED CHARtrf NUMBER.. 1152539 REPORT OF THE TRUSTEES AND FWCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021 FOR ST FINBARRS SPORTING UMITED Prime Chartered kntsjntants Stalvtory Auditor S hg)sy Court Sa'mitar Way )iky Bugness P*k CV3 4GA
ST FINBARRS SPORTING UMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021 Report of the Trustees 1 to 3 Report of the Indopwdont Audltors 4 to 7 Stalement of Flnanclal Acllvltlg5 Bala0 Sh••t Notes to the FlnanGial Statam•nts 10 10 16
ST FINBARRS SPORTING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021 The Iruslees 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 Ihe year ended 28 February 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststemenl of Recommended Practice applicable to charities pparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffects've 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms The charity's objects are to fijrther or benefit the residents of Holbrooks, Coventy and the neighbouthood, without distinction of sex, sexual orientstion, race or of political, religious or other opinions by a5s0ciats'n9 109ether the said residents and the local authorities. voluntary and other organis81ions in a common effort lo advance education and lo provide facilities in the interests of social welfare for recreation leisure lime occupation with tt)e objects've of improwng the conditions of life for the residents. Sl9nlficant actlviti•$ The charity provides residents the use of vadou$ sports facilities and dub house. Publlc b•n•fft The Truslees have had due regard lo the guidance published by the Charities Comrnission on publlc benefit. ACHIEVEMENT AND PERFORMANCE Charlt8blè actlvltlos Income has increased since the previous year. This is due lo donalK)ns for acts'vities in relation lo the food bank that was run this year to help those in need in the local community. Pitch and studio hire income has declined this year in line wlh expectations as a result of Cowd-19. Losses were offset by grants from Coventry City Council which have helped lo ensure the longewty of the Club during a difficult period. Cowd-19 continuès lo affect the economy in the next financial year however hire income should increase as the year goes on due lo restrictions being lifted. FINANCIAL REVIEW R88ervos policy The Iruslees have adopted the following reserves pdicy. They will aim lo ensure that, al 811 limes, the level of reserves is 8ppropriale lo the lavel of the Charity's activities. The Iruslees will review 8nnually the nature of the income and expenditure streams, the need to match variable income with fixed commitments, and the nature of the reserves in order lo decide on the level of reserves required for the charity lo be managed efficiently and lo enable future services to remain uninlemJpt8d. STRUCTURE. GOVERNANCE AND MANAGEMENT Govomlng documgnt The charity is controlled by ils goveming document, a deed of trust, and constitutes 8 limited company, limited by guarantee, as definod by the Companies Act 2C>O6. Re¢ruitm•nt and appolntm•nt of new trustees The charity must have a minimum of 8 permanent directors. There is no lomal policy on the appointment and recruilrnenl of new trustees, however on the retirement of a permanent director, il is the responsibility of the remaining permanent directors to recruit and appoint a replacement. REFERENCE AND ADMINISTRATIVE DETAILS Rgglstered Company number 00575488 IEngland and Wale51 R•glst¢red Charity numb•r 1152539 Page 1
ST FINBARRS SPORTING UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRVARY 2021 Registored office 5 Argosy Court Scimitsr Way Whiuey Business Park Coventry CV3 4GA Trusteos T A Crowtey B Mannion M J Green M Coen T Ryan T Timmons 8 Sullivan D J Colem Company Sqcrntary B Sullivan Auditors Prime Chartered Accountants Statutory Auditor 5 Axgosy Court Scimitar Way Whitley 8using$s Pèrk Coventry CV3 4GA STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees Ivh)o are 81so the direcior5 01 Sl Finbarrs Spcwts'ng Limited for the purposes ol company lawl are responsible for preparing the Report of Ihe Tru5W and the financial stalements in acc(¥dance wth applicable law and United Kingdom Accountin9 Stsndards (United Kingd Generally Accepted Accounts"ng Practice). Company law requires the trustees to prepare fin8nLi81 statements for eh financial year vknith givè a true and fair view of the state of 8ffairs of the thariiable company and ol tho incoming resources and appl+cabon of resources, including the incorne and expenditure. of the chantable company for that penod. In pParing those finanaal statements, the trustees are required to select suitable accounb.ng pdicies and then apply them congstenUy'. observe the method5 and prinoples in the Charity SORP,. make judgements and estimates that are reaSonae arKI pru¢Jent". prepare the finanal staiefflents on the ng corKem bags unless it is inappropriate to presume that the chantae c(nP8ny wll ccntsnue In tsjsiness. The trustees are responsible for keeping proper accounting records which discbse with reasonable accuracy 81 any lime Ihe financi81 posifj'on of Ihe charitable company a1 lo enak4e them to ensure that the financial statements eomply the Companies Act 2006. They are also Sponble for safeguarding the assets of the charitsble mpany 8ThJ hence for takj'ng reasonaL4e stsps for the pre1 aThJ ¢*teth"on of fraLMJ and other irregularities. In 50 far as the trustees are aware". there is no Televanl audit inf0ma1 of vthith the charitable company's al110rS are unaware,. and the trustees have taken all steps that they ought to have tsken to make themse aware of any revant audil inforniation and lo establish that the auditors are aware ol Ihat infomaticm. Page 2
ST FINBARRS SPORTING UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021 AUDITORS The auditor5, Prime, a deemed to be reappointed under section 487121 of the Companies Act 2006. 2f Apwved by order of the board of Injstees on ....... . aNJ signed on its behaw by.. T Timmons- Trustee Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORTING LIMITED Opinlon We have audited the ffinancial statements of St Finbarr5 Sporting Limited lthe 'charitable companll for the year ended 28 February 2021 which comprise the Statement ol Financial Activities, the Balance Sheet and notes to the financial statements, including a surnmary of signthcanl accounting Policies. The financial reports'ng framework that has been applied in their preparation is applicable law and United Kingdom Accounbng Standards (United Kingdom Generally Accepted Accounting Prdcb"ce). In our opinion the financial slalements.. give a true and fair view of the stale of the charilable companls affairs as al 28 February 2021 and of ils incoming resources and applicats.on of resources, in¢luding its income and expenditure, for the year then ended,. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and h8ve been prepared in accordance wlh the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in aeeordance with Inlemalional Stsndards on Audikn'ng IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilits'es for the audit of the financial statements section of our report. We are independent of the charitable company in accordance ¥Mth the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlh these requ1mentS. We believe that the audit eviden we have obtained is suffiaent and appropriate to prowde a basis for our opinion. Con¢lusions relating to going ¢on¢ern In auditing the financial statements, we have conduded that the trustees, use of the going concem bass of accounting in Ihe preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relats.ng lo events or conditions that, individually or collectively, may cast significant doubt on the charitable comp8ny's ability to continue as a gling COnM for a period of al least tr1ve months from when tt)e financial staternenls are 8ulhorised for issue. Our responsibilities and the responsibilities of the tnjstees with respect lo goin9 concern are desed in the relevant sections of this report. Emphasis of matter We draw attention to note 12 to the financial statements which descrites a contingent liabilty relating to the unknown OLJtcome of a public liability daim against the charity and its subsidrary undertaking. Our opinion is not m¢Jdified in this respect. Olhw infom)ation The trustees are responsible for the other information. The other information comprises the infomation included in the Annu81 Retx)rt, other than the finanaal statements and our Report of the Independent Auditors Ihereon. Our opinion on the financial statements does not cover the other infomialion and, expt lo the extent otherwise explicitly slated in our report, we do not express any fomi of assurdnce conclusion thereon. In connection with our audr( of the financial slalements. our respon&bility is lo ad the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially mi5Staled. If we identify such materi81 inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a materia1 misstslement in the financial slalements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this Otr infomiation, we are required to report that fact. We have nothing to port in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the worf% undertaken in the course of the audit.. the infomialion given in the Report of the Tnjstees for the financial year for which the financial statements a prepared is consislenl wth the financial slalemenls,. and the Report of the Trustees has been prepared in accordance with applicable leg81 requirements. Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORTING LIMITED Matters on which we are required to report by exc•ption In the light of the knOedge and underslanding ol the charitable ccMnp8ny and its environment obtsined in the course of the audit. we have not identified material misststements in the Rew)rt of the Trustees. We have nothirKJ lo report in respect of the fdlchwr4J matter5 where the Companies kt 2C()6 requires us lo report to you il, In our opinion.. adequate accounting records have not been kept or retums adequate for our audit h8ve not beer¢ received from branches not visited by us., or the financial statements are not in agreement with the accounb.ryj record5 and luMS,. or certain disc105ures of trustees, remuneration speufied by law are not made.. or we have not received 811 the infomiation and explanations we wuire for cyJr audit.. or the trustees were not entitled to take advantage of Ihe small companies exempb.on from the rgquiremenl lo prepare a Strategic Report or in preparing Ihe Rem of the Trustees. Rgsponsibllltlès of truste•8 As explained more fully in the Slalement of Trustees, Responsibilibes, the Irustees Iwho are also the directors of the chantable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair Mew, and for sud) inlemal control as the Iruslees determine is necessary to enable the Pp9(alk)n of ffinanual ststements that are free from material misslatemenl. whether due to fraud or error. In preparing the finanual statements. the Iruslees are responsie for assessing the charitable company's ability lo continue as a going eoncem. disclosing. as applicable. matters relaled to going concem and using the gosng concem basis ol accounting unless the tnJstee5 wther Intend lo liquthte the charitable company or to cease operats'ons, or have no reali5tsc allemalive but to do so. Our r0sponslbll1tl for th• audit of the finJn¢lal stat•rn•nts Our objectives are to obtain reasonable assurance about whether the finana81 statements as a whole are I8 from material misslalement, whether dve ¢0 fraLKI or error. lo issue a RepNI of the Independeni Auditors that includes our opinion. Reasonable assurance is a hKJh 1 of assurènce. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS delect a matenal misstalemenl when It exists. Misslalemenls can arise from fraud or error and a wsidered malellal if. indiwdually or in the 899wale, Ihey could reasonably be expected to inlluence the economic decisions of usefs taken ¢Jn the basis of these financi81 stslements. The extent lo which our procedures are p¥te ol delects'ng irregularilias. IndJing fraud is detailed below.. Pa5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORThNG LIMITED Our rgsponsibilitie5 for th• audlt of tho financial statement$ {continuadl Our approach to identifying and assessing the risks of material misstatement in respect of irregularib'es. induding fraud and non<ompliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team eollect1ve had the appropriate competence,capabilities and skills lo idenlify or recognise non-compliance wth applicable laws and regulations., we identified the laws and regulations applicable lo the charitable company through discussions wth trustees arKI other management, and from our commercial knowledge and experience ol the charitable sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, taxation legislation and data protection, anli-brlbery, employment, environmental and health and safety legislation.. we assessed the extent ol compliance with the laws and regulations idenlified above through making enquiries of management and inspecting legal correspondence.. We assessed the susceptibility of Ihe charitable company's financial slal8ments lo material misslatemenl, including obtaining an understanding ol how fraud might occur, by.. - making enquiries of management as lo Whe they considered there was susceptibility lo fraud, their knoedge of actual. suspected and alleged traud., and conwdering the internal controls in place lo mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud throu9h management bias and override of controls, we.. performed analytical PT¢xedures to identify any unusual Of unexpected relationships., tested joumal entries lo identify unusual transactions., assessed whether judgements and assumptions made In detsmining accounting estimates were Indicalive of potential bias,. and investigated the rationale tehind significant or unusual Ir8nsactions. In response lo the risk ol irregularities and non-compliance with laws and regulations, we designed procedures which included, bul were not limited ¢0.. agreeing financial statement disclosuS lo underfying supportlng documenlalion.. enquiring ol management as lo actual and potential liligalion and claims., and . rewgwing correspondence wlh HMRC 8nd other relevant parties. There are inherent limiiations in our audll procedures described above. The more removed that laws and regulations are from financial transactions. the less likely il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compli8n¢e wth laws and regulats'ons to enquiry ol the Iruslees and other management and the inspection of regulatory and leg81 correspondence, if any. Materi81 misstatements that arfse due lo fraud be harder lo detect than those that arise from error as they may Involve deliberate K*ncealmenl or colluslon. A further d9scripb.on of our SponSibl1111es for the audit of the financial statements is located on the FinancAal Reporting Council's website at www.frc.org.uklauditorsresponsibilitses. This description forms part ol our Report of the Independent Auditors. Page 6
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF ST FINBARRS SPORTING LIMITED Uso of our report This report 15 made solely io the charitable company's members, as a body, in accordance wlh Chapter 3 of Part 16 01 ihe Companies Act 2006. Our audit work has been undertaken so that we might stsle to the charitable company's members those matters we are required lo stale lo them in an auditors, report and for no other purpose. To the ftjllest extent perrnitted by law, we do not acpt or assume responsibility to anyone other than the ¢haritable company and the charitsble Company's members as a body, for our audit wort. for this report. or lor the opinions we have lomed. Jeremy Kitson BA FCA (Senior Stalulory Auditor) for and on behalf of Prime Chartered Accountants Statutory Auditor 5 Argosy Court Scimitar Way Whitley Business Park Coventry CV3 4GA Dale.. 2810212.QI?.................... Page 7
ST FINBARRS SPORTING UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2021 2021 Unre$trict•d fund 2020 Totsl fijnds Notes INCOME AND ENI)OWMENTS FROM Donations and legacies 28,130 Charitsbla activitles Club & pitch hire 117.554 113,518 Total 145,684 113,518 EXPENDITURE ON Raising funds 983 1,667 Charltable •¢tivitles Club & pitch hire Outreach cost$ 67,217 4,790 53.471 700 Other 150,728 Total 223.716 55,838 NET INCOMEiiexpENDITUREI 178.0321 57,680 RECONCILIATION OF FUNDS Total funds brought forward 1,827.015 1,769,33S TOTAL FUNDS CARRIED FORWARD 1,748,983 1.827,015 The notes fomi part of these financi81 ststements Page 8
ST FINBARRS SPORTING LIMITED BALANCE SHEET 28 FEBRUARY 2021 2021 Unrestriet8d fund 2020 Total funds Notes FIXED ASSETS Tangible assets Inv¢stm•nt$ Investments Investment propety 152.774 167,134 100 1.277.075 100 1,277,075 1,429,949 1.444,309 CURRENT ASSETS Debtor5 Cash at bank 296,888 39.842 359.251 28,742 336.730 387,993 CREDITORS Amounts falling due within on8 ye8r 10 {17.6961 15,2871 NET CURRENT ASSETS 319.034 382,706 TOTAL ASSETS LESS CURRENT LIA81LITIES 1,748,983 1,827,015 NET ASSETS 1,748,983 1.827,015 FUNDS Unrestricted funds 11 1.748.983 1,827,015 TOTAL FUNDS 1.748,983 1,827,015 These financial statements have been prepared in accnCe with the promsicffjs applicable to charitable companies subject to the sm811 companies regime. The I statements were approved by the 8owd of Trustees and authorised for issue on and were on its behall by.. T Timmons- Trustee T A CrO%e stee The notes fomi part of these finarKial statements Page 9
ST FINBARRS SPORnNG UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021 STATUTORY INFORMATION St Finbarrs sporb.ng Limited is a private company. limited by guarantee. regislered in England and Wales. The company's registered numbef and register&J office a(Mress can be found on the Reference and Administrative Details page. The presenlalhJn currency of the finanoal statements is the PcKJThJ Steding (£1. ACCOUNnNG POUCIES Basis of pparing the financial statements The finanaal ststements of the Charrtable company. vthich is a public benefit entity under FRS 102, have been prepared in accordance wth the Charities SORP IFRS 1021 Accounbng and RepDrts"ng by Charities.. Statement of Recommended Pracb"ce 8pplicable to charities preparing thwr a¢¢¢xJnts in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191., Financial Repong Standard 102 The Finanoal Retx)rb'ng Standard appliGable in the UK and Republ of Ireland and the Companies Act 2006. The finanual statements have been prepared under the historical Cost conventh)n. with the exception of investments are induded at market Value, as modified by the revaluation of certain assets. Preparation of consolidated financial statements The ffinanaal stslements ntain inforniakn.on aul St FinbarTS Sporting Limited as an individual company nd do not contain eonsolidaled finanoal inforrnation as the parent of a group. The charity is exempt under Sects'on 39912AI of the CpanieS Act 2[ from the requirements to prepare con501idaled financial slatements. Income l in¢ome is recognised in Ihe Statement of FInarla1 A¢tivibes the charity has entiuement to the fijnds, it is prObae Ihat the income TrMII be receNed and the amount can be measured rellay. Expendlture Liabilities are recognised as eXndItUre as 5(yJn as th is a legal or constructive obligatson commith.ng the tharity to Ihat expenditure. it is probable that a transfer of economic benefrts will be required in setuement and Ihe amount of the obligabon ¢an be measured rdiabty. EXnditure is accounted for on an acCalS basis arKI has been ¢lassffied under headirwJs that aggregate all cost relatsd to Ihe category. Where costs cannot be diredy attn'buted to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciati is promded at Ihe followrvJ amual rates in order lo vffite off each asset over its estimated useful life. Sports field. Car park and grounds Motor vehicles FiXtuS and fittings Art"ficial sports pitch Straight line over 20 years 25Yo on reducing balan 150/0 on reduong balanc Straight line over 10 yea Investment property Investment property is shown al most recent valuation. aggregate surplus or deficit arising from changes in fair value is recognised in wofii and loss. Taxation The tharity is exempl from ¢(allon tax on its charitable acbwtEs. Fund accounting Unrestricted funds can be used in a(X0rdar th the charitable lecti.ve5 al the dIsCtion of the tnjstees. Page 10 conbnued...
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontinu•d FOR THE YEAR ENDED 28 FEBRUARY 2021 ACCOUNnNG POUCIES - continued Fund a¢¢ounting Restricted lunds can only be used for paTU"cular $tricted purposes within the objects ol the charity. Restn'clions arise when ¥ecified by the donrm or %then hjnds are raised for parts'cular restncted purposes. Further explanation of the nabJre aThJ puryx)se of fund is induded in the notes to the financial statements. Fixed èss•t Inv•stmonts Investments are included al cost and revie%d for imparmenL Govemment grants Grants are accounted lor Under the receipts ba5. Govemmenl grants relate to the receipt of Local reslncbons grant Income and dosed bugness IkdOwn payments from Coven¢ry City Council which have been included in miscellaneous income. NET INCOMEIIEXPENDITUREI Nel Inme/{expendI1Ura} is stated after chwgi@Icredibngl: 2021 2020 Audilors, remuner*Don Oeprecialion- owned assets Defiol on disposal ol fixed assets 6,170 26,665 1,650 3,150 26,555 1,925 TRUSTEES. REMUNERATION AND BENEFITS There wefe no trustses, remunerabon or olher bgnefits for the yew ended 28 February 2021 nor for the year ended 29 February 2020. Trust•es' expen5 There were no Irustsg$' expenses paid lor th¥ yaar ended 28 Febrtjary 2021 nor lor the year ended 29 February 2020. COMPAFL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fvnd INCOME AND ENDOYIMENTS FROM Charltable activities Club & ptch hire 113,518 EXPENDITURE ON Raising funds 1,667 Charitabl• actlvltles Club & pitch hire Outreach costs 53.471 700 Total 55,838 Page11 continued...
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 28 FEBRUARY 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - ¢ontinued Unrestricted fijnd NET INCOME 57,680 RECONCIUATION OF FUNDS Totsl funds brought forward 1,769,335 TOTAL FUNDS CARRIED FORWARD 1,827,015 TANGIBLE FIXED ASSETS Sports field, car park and grounds Fixtures and fittings Artificial sports pitch Motor vehicles Totals COST Al 1 March 2020 Additions 150,020 11,305 8.250 13,324 1,000 174,161 345,755 12,305 At 28 February 2021 161,325 8,250 14.324 174,161 358.080 DEPRECIATION At 1 Mar¢h 2020 Charge for year 45,719 7,860 8,250 119,660 17.417 178,621 26,665 At 28 Febru8ry 2021 53.579 8250 137.077 205,286 NET BOOK VALUE At 28 February 2021 107.746 37,084 152,774 Al 29 February 2020 104,301 8,332 54,501 167,134 Included in cost or valuation of swrts field, car park and grounds is freehold land of £5,17512020- £5,175). Page 12 continued..
ST FINBARRS SPORMNG LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021 FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At 1 March 2020 and 28 February 2021 100 NET BOOK VALUE Al 28 February 2021 100 Al 29 Febnjary 2020 100 There were no investment assets outside the UK. The company's investments al the balance sheet dale in the share capitsl of companies include the following.. St Flnbarrs Soclal Club ICov•ntryl Llmlt•d Registered office.. Nature of business.. A Social Club Class of share.. Ordinary holding 100 2021 2020 Aggregate capital and reseNes Loss for the year 149,2051 179,8921 30,687 15,2661 INVESTMENT PROPERTY FAIR VALUE At 1 March 2020 and 28 Febru8ry 2021 1,277,075 NET BOOK VALUE At 28 February 2021 1.277,075 Al 29 February 2020 1,277,075 The investment propety has bgen valued al fair value by the truslees al the year end. The historical cost of the investment propety is £1,352,59412020.. £1.352,5941. Page 13 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2021 DE8TORS.. AMOUNTS FALUNG DUE THIN ONE YEAR 2021 2020 Trade debtors Prowsion for bad debt Sl Finnbars Social Club Intercornpany loan Debtors and prepayments 3,390 {2,6S01 296,148 6,585 11.8671 353.933 400 296,888 359,2S1 10. CREDITORS: AMOUNTS FALUNG DUE YfftIN ONE YEAR 2021 2020 VAT Creditor5 & aceftd expenses 127 5.160 17,590 17.696 5,287 11. MOVEMENT IN FUNDS Net movemenl in funds Al 28.2.21 Al 1.3.20 Unrnstrb¢t•d fund# General fLJnd 1.827.015 178,0321 1.748,983 TOTAL FUNDS 1,827,015 (78,0321 1,748,983 Nel movement in lunds, induded in the above are 8s folloNK8'. IncomifVJ resources Resourcés expended Movement in funds Unr•StriCt funds General fund 145,684 {223,716) 178.0321 TOTAL FUNDS 145.684 1223,7161 178,032} Page 14 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2021 11. MOVEMENT IN FUNDS- continu•d Comparatives for movement In funds Net movemenl in fvnds At 29.2.20 Al 1.3.19 Unrestricted funds General fund 1.769.335 57.680 1.827.015 TOTAL FUNDS 1,769.335 57,680 1,827.015 Comparative nel movement in lunds. induded in ts above are as folh)ws: IncomirKJ Resourc$ expended Movement in funds Unr¢strIct lunds General furKI 113,518 155,838) 57.680 TOTAL FUNDS 113,518 155,8381 57,680 A current year 12 monlhs and prior year 12 months combined positi is a$ follow5.. Net movement in funds Al 28.2.21 Al 1.3.19 Unr•strl¢ted funds General fvnd 1.769,33S 120,352} 1,748,983 TOTAL FUNDS 1.769.335 120,352 1.748.983 A current year 12 months and wior year 12 months combinod net movement in lund$, induded in the above are as follow5.' InrnIng Sources Resources exnded Movement in funds Unrestrict8d funds General fund 259.202 {279,5541 120,3521 TOTAL FUNDS 259,202 1279,5541 120,3521 Page15 continued...
ST FINBARRS SPORTING UMrrED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2021 12. CONTINGENT UABILMES There is an ongoiTh3 matter regarding a public liability daim against the charity and 115 Subsidiary undertaking. The daim is for an esbmaled £350.000 with legal (x)sts and court fees on lop of this. Both the chanty and subsidiary undertaking are fighting this daim, bLrt il is eXpted to take at least a year to go to trial. but may be longer due to COVltk19 ueabng a backlog of cases. The outcome of the polents'al court case is UnrtaIn, bul the trustees tdieve ¢he tharrty has grounds to SULxessfully defend against ihe daim. and thefore, no liability has been recogniwj in this re¥ecL 13. RELATED PARTY DISCLOSURES SJC Electrical a company owned by the nophew of M Coen, a director. Services were provided for works carried out lo the clubhouse tolalling £2,28012020.' £4,859). Carr Brickwork & Groundwth LimTrt•d. a company owned by G Carr. a director. Services were provided for bnckwork camed out on the dubhouse totalling £7(2020.. £Nill. St Finbarrs Social Club (Coventry) Limited, a subsldiary Mpany. Rent was receiv&J for hire of the club totalling £52.80012020." £52.8CK)I. Light and heal was recharged from St Finbarrs Socaal CIL*J (Coventy) kn'mited totalling £3.744 12020.. £3,744). At the balance sheet date £238.975 12020.. £353,933} wa5 due from St FinbaTrs Social Club Icovenlryl Limited, this 15 net of a bad arHJ doLbbtfLhl ¢Jebt prowsion of £150.72512020- £Nill. This balance is included in other debtors. Page 16