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 Bala￿0 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 p￿paring 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 e*h 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 p￿Paring 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 reaSona￿e arKI pru¢Jent". prepare the finan￿al staiefflents on the ￿ng corKem bags unless it is inappropriate to presume that the chanta￿e 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 a￿1 lo enak4e them to ensure that the financial statements eomply the Companies Act 2006. They are also ￿Spon￿ble for safeguarding the assets of the charitsble mpany 8ThJ hence for takj'ng reasonaL4e stsps for the pre￿1￿ 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 al￿110rS are unaware,. and the trustees have taken all steps that they ought to have tsken to make themse￿ aware of any re￿vant 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 requ1￿mentS. 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 COn￿M for a period of al least tr￿1ve 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 des￿￿ed 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, ex￿pt 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 Ot￿r 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 knO￿edge 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 P￿p9(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 responsi￿e 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 I￿8 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 a￿ayS 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¥t￿e ol delects'ng irregularilias. Ind￿Jing fraud is detailed below.. Pa￿5 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