REGISTEREO COMPANY NUMBER: 00575488 (England and Wales) REGISTERED CHARITY NUMBER: 1162539 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 FOR ST FINBARRS SPORTING LIMITED Prim& Chartered Accountants Statulory Auditor 5 Argosy Court Scimitar Way Whitley Business Park Coventry CV3 4GA
ST FINBARRS SPORTING LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Page Report of the Trustees 1 to 3 Report ol the Independent Audftofg 4 to 7 Statement of Fonanclal Actlvltles Balance She•t Not•s to the Flnanclal Ststemont• 10 10 16
ST FINBARRS SPORTING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENOED 29 FEBRUARY 2024 The tfustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial stslement8 of the charity for the year 8nded 29 February 2024. Th8 trust88s have adopted the provisions of Accounting and Reporting by Charities: Statement of Re¢ommended Practice 8pplicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJectlve8 and alms The charity's objects are to further or benefrt the residenls of Holbrooks. Coventry and the neighbourhood, without distinction of sex. sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provid6 facilities in the intsresls of social welfare for recreation leisure time occupation with Ihe o*'ective of improving the condition8 of lrfe for th8 residents. Slgnlflcant actlvltl•$ The charity provides re8idents the use of various sports facilities and club house. Publlc benefft The Trustee$ have had due regard to the guidance published by the Charities Commission on public bel. ACHIEVEMENT AND PERFORMANCE Charftabl• acllvftles Income has increased Slnce the previous year. Pitch income and Room rental has increased this year in line with the lifting of Covid-19 restrictions. Income from Ihe Soclal Club 18 ha8 al80 increased, however it continues to Struggle post COVID-19. FINANCIAL REVIEW Reserves pollcy The tru8te88 have adopted the following reserves pollcy. They will alm to ensure that, at all time8. the level of resep4e8 Is appropriate to th618vel of the Charity8 activities. The tru8tee8 will revtew annually the nature of the income and expenditure stream8, the need to match variable income with fixed commitments, and Ihe nature of the re88rves in order to decide on the level of re8eprfe8 r8quired for the Charty to be managod efficiently and to enabla future $oNices to remain uninterrupted. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by it8 governing document, a deed of trust, and constitutes a limited company, limiled by guarantee. a8 defined by the Companies Act 2006. Recrultment and appolntment of now trustees The charity must have a minimum of 8 permanent directors. There is no formal policy on the appointment and recruitment of new truslees, however on the retirement of a pemianent director. it 18 the re8pon8ibility ol the ramainiftg pèmianent directors to recruil and appoint a replacement. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 00575488 (England and Wales) Reglstered Charlty number 1152539 Page 1
ST FINBARRS SPORTING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 Reglstered offlca S Argosy Court Scimitar Way Whilley Business Park Coventry CV3 4GA Trustees T A Crowley B Mannion M Coen T Ryan T Timmons B Sullivan D J Coleman A M Moore {appointed 1015123) Company S•crntary B Sullivan Audftorn Prime Chartered Accountants statutory Auditor 5 Argosy Court Scimitar Way Whitley Bu8ine8s Parf( Coventry CV3 4GA STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are 8180 the directors of St Finbarrs Sporting Limited for tha purpos88 of company law) ara responsible for preparing the Report of the Trusteos and the financial Statements in a¢¢ordan¢e wilh applicable law and United Klngdom Accountlng Standards (Unlled Klngdom Generally Accapled Accountlng Practice). Company law requires Ihe trustees to prepa financial statements for each financial year whl¢h glve 8 true and fair view of the state of affalrs of the charitable company and of the incoming resources and application of resources, Including the income and expenditure, of the charitable Company for that period. In preparing Ihose financial statements, the tru8tee8 are required to select 8Uitable accounting policie8 and then appty them consistently; observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charitable company wlll continue in business. The trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any time the financial position of the charitable Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company arKI hence for taking reasonable Steps for the prevenlion and detection of fraud and other irregularities. Page 2
ST FINBARRS SPORTING LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES - contlnued In so far a8 the trustees are aware: there is no levant audit information of which the charitable compansls auditors affj unaware; and the trustees have tak8n all steps that they ought to have taken to make thems8fves aware of any rel8vant audrt infomiation and to estsblish that the auditors are aware of that information. AUDITORS The auditor8. Prime, are deemed to be reappointed under section 487(2) of the Companies Act 2008. Approved by order of the board of truslees on ../3.J4.2oh+............. and signed on its behalf by.. Timmon6 - Tru•tee Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORTING LIMITED Opinion We have audited the financial statements of St Finbarrs Sporting Limited (the '¢haritable company,) for the year ended 29 February 2024 which comprise the Statement of Financial Activities. the Balance Sheet and notes to the financial statements, induding a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United 'ngdoM AoUnting Stand8rd8 (United Kingdom Generally Accepted A¢UntIng Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable ¢ompanYs affairs as at 29 February 2024 and of its incoming resources and application of resources, including its incoma and expenditure. for the year then ended; have been properly prepared In accordance wllh United Kingdom Genérally Accepted Accountln9 Practice., 8nd have been preparad in accord8n¢e with the requirements of the Companies Act 2006. Bas18 for oplnlon We conducted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fijrther described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of Ihe charilable company in accordance wrth the ethical requirements that are relevant to our audit of the financial slatements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wrth these requirem8nls. We b8118ve that the audli evklence we have obtalned IS 6uffictent and appropriate to provide a basis for our opinion. Conclu8lons r•latlng to goln9 concern In auditing lh6 financial statements, wo have ¢L)ncluded that the trustees, u88 of Ihe going concern basil of accounting in the preparation of the financial slatements is appropriale. Based on the work we have performed, we have not identified any material uncertainties relating to 8V8nts or conditions that, individually or collectivety, may cast significant doubt on the charitable compan$ ability to continue as a going concern for a period of al lea81 twelve months from when the financial ststements are authorised for issue. Our responsibilitie8 8nd the responsibillties of the trustees with respect to going concern are described in the relevant sections of this report, Other Informatlon The trustees are responsible for the other infomiation. The other infomiation compri888 the information included in the Annual Report. other than the financi81 stst8ments and our Report of the Independent Auditor8 thereon. Our opinion on the financial statements does not cover the other inf¢)rmation and, oXCePt to the extent otherwise explicitty stated in our report, we do not 8xpr8ss any form of assuwance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to road the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audlt oi olherwise appears to be materially misstated. If we identify such materi81 inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a materlal misstatement in the financial statements themsefves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard. Oplnlons on other mattern prescrlbed by the Companle8 Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infomiation given in the Report of the Trustees for th¢ financtal year for which the financial statements are prepared is consistent with the financial statements; and the R8POrt tho Trustees has been prepared in accordance with applicable legal requirements. Page 4
REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORTING LIMITED Matter8 on whlch we are requlred to report by ex¢¢ptlon In the light of the knowledge and understanding of Ihe charitable company and its environment obtained in the Course of the audit, we have not identified material misstatements in the Report of Ihe Trustees. Arising solely from the limitalion on the scope of our work relating to pitch hire income. referred to above: we have not obtained all Ihe information and explanats'ons that W8 considered necessary for the purpose of our audit; and - adequate accounting recards have not been kept. We have nothin9 to report in respect of th8 foltowing matters in relation to which the Compan188 Act 2006 requires us to report to you if, in our opinion.. - retum8 adequate for our audit have not been received from branches not visited by us: or - the financial statem&nts are not in agreement with the accounting records and return8; or certain disclosures of directors. remuneration specified by law are not made., or - the trustees Vre not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees, R6sponslbllftles of tni8te•s As explained more fully in the Statement of Trustees, Responsibilities, the trustaes {who are also Iho directors of the charitable company for the purposes of company law) are responsible for the preparalion of the financlal statement8 and for being satisfied that they glve a truo and fair view, and for such internal Control as tha trustees detemiine is necessary to enable the preparatlon of financial statements thal are free from material misgtat8ment, whether due to fraud or error. In preparing the financial statements, the trustees are re$p¢nslble for assessing the Charitable companls ability to continue as a going concem, disclosing, as applicable, matters related to goin9 concem and using th• going concem basi8 of accounting unlgss the trustees either intend to liquidate thg charitable ¢ompany or lo cea8e operatlon8, or have no reallstlc alternative but lo do $0. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORTING LIMITED Our responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assuranc8 is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will afvRys detect a m8terial mi8Stat8ment when it exists. Mi8Statements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. Our approach to identifying and assessing Ihe risks of material misstalement in respect of including fraud and non-compliance with18ws and regulations, was as follows: the engagemènt partner ensured that the engagement team collectively had the irregularities, appropriate competenGe,capabilltles and skills to identify or recognise non•compliance with applicable law8 and regulations. - we identified the laws and regulations applicable to the charitable company through discussion8 With trustees and other management, and from our ¢ommercial knowledge and experience of the charitable Sector; - we focused on specifi¢18v•s and regulations which we considered may have a direcl material effect on Ihe financial statements or the operations of the charitable company, including the Companies Act 2006, tsxatlon legislation and dala protection, anti4)ribery, employment, envlronmental and health and safety legislation; - we a88es88d the extent ol compliance with the laws and regulations idtir1ed above through making enquiries of management and in8pecting al correspondence., We assessed the 8U8ceptibility of the charitable companls financial gtatements to material misstatement. including obtaining an understanding of how fraud might occur, by.. making enquiries of m8nagem8nt a8 to where they considered there was 8u8ceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls tn place to mitigate risks of fraud and nonrycompliance with law8 and reguktions. To address the rf8k of fraud through management bias and override of controls, we: perfomed analyrtical procedur88 to idèntify any unusual or unexpected relatlonships., tested journal entries lo identify unusual transactions., - assessed whether judgement8 and a38umptions made in detemlining accounting estimates were indicative of potential bias; and invesligated the ration81e behind 8ignifKant or unu8ual transactions. In response to the risk of IrgU18r1tles and non-C¢)rnpliance with law8 and regulations, we designed procedures which included, bul were not limited to.. - agreeing financial statement di8closures to underlying supportlng documentation,. enquiring of managemenl as to actual and potential litigation and claim8; and - reviewing correspondence with HMRC and other relevant partie8. There are inherent limitation8 In our audit procedures described above. The more removed that laws and regulations are from financial transactions. the less likely it 18 that we would become aware of non-compliance. Auditing st8ndards also limit the audlt pr(Kedures required to identfy non-compliance with laws and regulation8 to enquiry of the trustee8 and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of th8 financial statements is located on the Financial Reporting Council's vlebsite at www.frc.org.uklaudit0rs5pQnslbllitles. This description lonns part of our Report of the Independent Auditors. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ST FINBARRS SPORTING LIMITED A further description of our responsibilities for the audrt of the financial statements is located on the Financial Reporting Council's website at V4VWW.frc.org.uklauditorsresponsibilities. Thls description forms part of our Report of th8 Independent Auditors. Use of our report This report is mad8 solely lo the charitable COmpanS members. as a body, in accorilance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitab18 companys members those mattérs we ar& r8quired to state to thèm in an auditors. report and for no other purpose, To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companys members as a body, for our audit work. for this report. or for the opinions we have fomied. Jeremy Kitson BA FCA (Senior Ststutory Auditor) for and on b8haK of Prime Chartered Accountants Statutory Auditor S Argosy Court Scimitar Way Whilley Bu8ine3s Park Coventry CV3 4GA Date: . Page 7
ST FINBARRS SPORTING UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024 2024 Unregtrictod fund 2023 Totsl funds Notes INCOME AND ENDOWMENTS FROM Charltablo actlv5tles Club & pitch hire 81.908 63,111 Inveslment income 6,302 1,508 Tolal 87,210 64,619 EXPENDITURE ON Charltable actlvltles Club & pitch hire Oulreach cost5 86.760 105,946 1,187 Other 19,281) Total 85,760 97.852 Net gain8 on investments 83,852 NET INCOME 1A60 30.619 RECONCILIATION OF FUNDS Total funds brought fOard 1,718A42 1,687,823 TOTAL FUNDS CARRIEO FORWARD 1,719,892 1,718,442 The notes fomi part of these financial statemènts Page 8
ST FIN8ARRS SPORTING LIMITED BALANCE SHEET 29 FEBRUARY 2024 2024 Unrestrictod fund 2023 Total funds Notes FIXED ASSETS Tangible assets Investments Investments Investment property 99.485 109,695 100 1,340,927 100 1,340,927 10 1,440,512 1,450,722 CURRENT ASSETS Deblor8 Cash at bank 78,008 217,886 56,385 237,012 293.891 293,397 CREDITORS Amounts falling du8 withln one year 12 114,611) (25,67n NETCURRENT ASSET8 279,380 287,720 TOTAL ASSETS LESS CURRENT LIABIUTIES 1.719,892 1,718,442 NET A8SET8 1,719,892 1,718,442 FUNDS Unrestricted funds 13 1.719.892 1,718,442 TOTAL FUNDS 1.719,892 1,718.442 These financial statements have been prepared in accordance with the Pfovisions applicable to charitsble companies subject to the small companies regime. The fina tements were approved by the Board of Trustees and authorised f¢r issue on and were Signed on its behalf by: rimmoTr8 . Trustee B S.¥•n . Trust•• The notes form part of Ih8se financial statemants Page 9
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 STATVTORY INFORMATION st Finbarrs Sporting Limited is a private company, limited by guarantee, registered in England and Wales. The companls registered number and regiSter8d office address can be found on the Reference and Administrative Details page. The presenlatlon ¢urrency of the financial ststements is the Pound Sterting (£). ACCOUNTING POLICIES Basls of preparlng tho flnanclal statom•nt8 The financial statements of the charitable company, which is a public benefit entty under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢ounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2019)., Financial Reporting Standard 102 'The Financd Reporting Standard 8pplicable in th8 UK and Republic of Iraland, and the Companies Acl 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modrfied by the revaluation of certain assel8. Prnparatlon of consolldaled flnanclal statoments The financlal statements contain information about st Finb8rr3 Sporting Limited as an individual company and do not contsin ¢onsolldaled financlal information as the parent of a group. The charity 18 exempt under Section 399(2A) of Iha Comp8nl88 Act 2006 from the requir8ment8 to prnpare consolidated financial statements. Incom• All income Is recognised in the Statement of Financial Activities once Ihe charity has entitlement to tha funds, It is probable that the income will ba received and the amount can be measured reliably. Expendltur• Liabilities are recognised as expenditure as soon as thefe Is a 18gal or constructivè obligatlon committing the charity lo that expenditure, it is probable that a transfer of economlc benefits will be required in 8ettlemenl and the amount of the obligation can be measured reliably. Expendrture is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular h6adin9S they have been allocated to activities on a basis consistent with the use of resources. Tanglble f5xed a88•ts Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Sport8 field, car park and ground8 Motor vehicles Fixtures and fittings Artificial sports pitch straight line over 20 years 25QA on reducing balanc8 15Yo on dUcIng balance Straight line over 10 years Investment propety Investment propety is shown at most recent valuation. Any aggregate surplus or daficit arising from changes in fair value is recognised in the profit and loss. Taxatlon The charity is exempt from corporation lax on its charitable activities. Fund accounling Unrestricted funds can be used in accordanc8 Wlth the charitable objectives at the discretion of the trustees. Page 10 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024 ACCOUNTING POUCIES- contlnu•d Fund accountlng Restrictsd funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris8 when specified by the donor or then funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in Ihe notes to the financial statemen18. Flxed asset Inv08tments Inve8trnents are included al c08t and reviewed for impairment. INVESTMENT INCOME 2024 2023 Deposit account interest Interest receivable 2,196 3,106 1.242 5,302 1.508 NET INCOMEI(ExpeNDITUREI Net incomel{expenditure) is stated after chargingl(crediting): 2024 2023 Auditors, remuneralion Depreciation - owned a88ets 10,110 10,976 8,398 28.160 TRUSTEES. REMUNERATION AND BENEFITS The Vre no trustees, remuneration or other benefi18 for the year ended 29 February 2024 nor for the year ended 28 February 2023, TrugtO•g' •xp•nges There were no trustees, expenses paid for the year ended 29 February 2024 nor for the year ended 28 Febnjary 2023. Page 11 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS • contlnued FOR THE YEAR ENDED 29 FEBRUARY 2024 EXCEPTIONAL ITEMS Included within exceptional items are solicitors costs relating to a public liability claim against the charity and its former subsidiary undertaking. The legal costs and the subsequent settlement of this case are included in this figure and totalled £Nil (2023: £24,830). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr•stri¢ted fund INCOME AND ENDOWMENTS FROM Charltable actlvltl•s Club & pitch hire 63,111 Investment income 1,508 Total 64,619 EXPENDITURE ON charltable actlvltl Club & pitch hire Outreach costs 105,946 1,187 Olher (9,281) Total 97,852 Net gains on investments 63,852 NET INCOME 30,619 RECONCIUATION OF FUNDS Total fund8 brought fotward 1,687,823 TOTAL FUNDS CARRIED FORWARD 1,718,442 Page 12 continued.
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024 TANGIBLE FIXED ASSETS Sports Id, car park and grounds Fixtures and fittings Artificial sports pitch Motor vehicles Totals COST At 1 March 2023 Additions 161,325 8,260 26,219 766 174,161 369,955 At 29 February 2024 161,325 8,250 26,985 174,161 370,721 DEPRECIATION At 1 March 2023 Charge for year 69,712 8.066 8,250 10,389 2,480 171,909 430 260,260 10,976 At 29 February 2024 77.778 8.260 12,869 172,339 271,236 NET BOOK VALUE At 29 February 2024 83,547 14,118 1,822 99,486 At 28 February 2023 91,613 15,830 2,252 109,695 Included In cosl or valuatlon of sports field, car Pa and grounds is freehold land of £5,175 (2023 £5,175). FIXED ASSET INVESTMENTS Share3 in group undertaking MARKET VALUE At 1 March 2023 and 29 February 2024 100 NET BOOK VALUE At 29 February 2024 100 At 28 February 2023 100 There were no Investment aets outside the UK. Page 13 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 29 FEBRUARY 2024 10. INVESTMENT PROPERTY FAIR VALUE At 1 March 2023 and 29 February 2024 1,340,927 NET BOOK VALUE At 29 February 2024 1,340,927 At 28 February 2023 1,340,927 The investment propety has been valued at fair value by the tru8t8es at the year end, The historical cost of tho investment prop•ty IS £1,352.594 (2023: £1,352,594). 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade dabtors St Flnbarr9 Sports 8nd Social Club 1956 Limited VAT Debtors and prepayment8 2,405 51.242 2,574 74,978 37 106 76.006 56,385 12. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Credltors & accrued expenses 14,611 25,677 13. MOVEMENT IN FUNDS Net movement in funds At 29.2.24 At 1.3.23 Unmtrfctsd funds Gener81 fund 1,718,442 1,460 1,719,892 TOTAL FUNDS 1,718,442 1,719,892 Net movement In funds, included in the above are as follows., Incoming resources Resources expended Movemenl in funds Unrestrfcted funds General fund 87,210 185,760) 1,450 TOTAL FUNDS 87,210 185,760) 1,450 Page 14 continued...
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE YEAR ENDED 29 FEBRUARY 2024 13. MOVEMENT IN FUNDS - contlnued Comparatlves for movement In funds Nel movement in funds At 28.2.23 At 1.3.22 Unrestrfcted funds General fund 1,687,823 30,819 1,718,442 TOTAL FUNDS 1,687,823 30,619 1,718,442 Comparative net movement in funds, included in the above are a$ follows,. Incoming resources Resources expended Gains and Movement 1088e8 in fund8 Unrn8trfctod fund8 General fund 64,619 (97,852) 63,852 30,619 TOTAL FUND8 64,619 (97,852) 63,852 30,619 A Current year 12 months and prbr year 12 months ¢¢mbined position 1$ as follows: Net movement in funds At 29.2.24 At 1.3.22 Unrestrlcted funds General fund 1,687,823 32.069 1,719.892 TOTAL FUNDS 1,687,823 32.069 1.719.892 A current year 12 months and prior y88r 12 months combined not movement in funds, included in the above affj as follows: Incoming resources Resources expended Gains and Movement k)8ses in funds Unrostrfct•d fund$ General fund 151,829 (183,612) 63.852 32.069 TOTAL FUNDS 1 $1,829 (183,612) 63.852 32.069 Page 15 continued...
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEPIIENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024 14. RELATED PARTY DISCLOSURES st Flnbarrs Soclal Club (Coventryl Llmltad, a 8ub8ldlary company. Rent was received for hire of Ihe club totalling £ Nil (2023.. £4,400). Light and heat was recharged from St Finbarrs Social Club (Coventry) Limiled totalling £1,089 {2023". £4,747). At the b818nc8 sheet date £Nil (2023: £Nil) was du8 from St Finbarrs Social Club (Coventry) Limited. St Flnbarr8 Sports and Soclal Club 1956 LImIt, a subslsdlary company. A loan was made to the social club totalling £Nil (2023.. £50.000). Interest wa8 charged on th• loan amounting to £3.106 (2023: £1,242). Payment mad8 to cover costs totslling £Nil {2023.' £1,086) Rent was received for hire of the club totalling £15,000 (2023.. £Nil). Llghl and heat W8s recharged from St Finbarrs Social Club 1956 Limited totalling £18,121 {2023'. £Nil) At the balance Sheet date £15,000 (2023.. £51,252) was du6 from St Finbarr6 Sports and So¢i81 Club 1956 Limited. Page 16