REGISTERED COMPANY NUMBER: 00575488 (England and Wale$> REGISTERED CHARITY NUMBER: 1152539 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 FOR ST FIN8ARRS SPORTING UMITED Prime Chartered Accountants 5 Argosy Court Scimitar Way Whitley Business Park Coventry CV3 4GA
ST FINBARRS SPORTING UMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 28 FEBRUARY 2025 Page Report of the Trustees Independent Examlnerfs Report Stat•m•nt of Flnanclal A¢tlvftl•$ Balancè Sh••t Not•$ to th• Flnancl•l Stat•ments 7 to 13
ST FINBARRS SPORTING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 The trustees who are atso directors of the charity for the purposes of the Companies Acl 2006, present their report with the financial statements of the charity for the year ended 28 Febiuary 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended PractSce applicable to chariti8s preparing the* ac(x)unls in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effectivè 1 January 2019). OBJECTIVES AND ACTIVITIES ObJectlve$ and alm$ The charity's objects ar8 to fUrtr or bénéfit the rèsid8nts of Holbrooks. Coventry and the neightx)urhood, without distinction of sex, s8xual orl8ntatlon, race or of political, religious or othar opinlons by assodaling together lh8 said residents and the local a(rthorili8s, voluntary and other organlsallons In a common effort to advance education and to provide facilities in Ihe interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for Ihe residents. Significant activities The charity provides resldents the use of various sports facilities and dub house. Publlc bonofft Tho Truste88 have had due regard to the guidance published by the Charitias Commlsslon on public benefft. ACHIEVEMENTS AND PERFORMANCE Charttabl6 actlvltlè8 Income has increased slnce the prevlous year. Pitch Income and Room rentsl has Incr8ased this year In line wSth the Ilfting of Covid-19 reslriclions. Income from the Social Club Is has a130 increased, however it Continuas to stwggle post covi[19. FINANCIAL REVIEW Resérves policy The trustees have adopted th& following resarvés pollcy. They will aim to ensure that, at all times, ihe level of reserves Is appropriats to the level of the Charivs activities. The trustees wlll revlew annually the nature of the income and expenditure slreams, the need to match variable income with fixed commitmenls. and the nature of the r8sarv&s in order to decide on the level of reserves required for the charity to be managed efficiently and lo enable future services to remain uninterrupted. STRUCTURE, GOVERNANCE AND MANAGEMENT Govèmlng document The charity is controlled by its govemlng document, a dèed of trust, and constitutes a limlted company, Ilmlted by guarantee, as defined by Ihe Companies Act 2006. Recrullment and appolntment of naw trustees The charity must have a mlnlmum of 8 permanent directors. There is no fomal policy on the appointment and recruitinenl of new trustees, IK)wever on the retirement of a permanent director, it is lh8 resFMJnsibillty of the remaining pennanent dSrectors to recrult and appolnt a replacement. REFERENCE AND ADMINISTRATIVE DETAILS Reg5stered Company number 00575488 (England and Wales) Registered Charlty numbor 1152539 Page 1
ST FINBARRS SPORTING LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 Reglstered offlco 303 Holbrook Lane Coventy Wesl Midlands CV64DG TN$tses T A Crowley (resigned 115125) B Mannion (resigned 1517124) M Coan T Ryan T Tlmmons B Sullivan D J Coleman A M Moore P Timmons (appointed 11512S) D Cassidy (appnted 115125) Company Se¢rntary B SullSvan Indop•nd•nl Examlner Prime Chartered Accountsnts 5 Argosy Court Scirnltar Way Whitley Buslness Park Covenlry CV3 4GA Approved by order of the board of trustees on and slgned on Its behalf by: mmons - Trustee Page 2
INDEPENDENT EXAMINEifs REPORT TO THE TRUSTEES OF 8T FIN8ARRS SPORTING LIMrrED Indty•nd•nt •xamlnof$ rort to the trust•o$ of St Flnbavrs Sportlng Llmlt•d Dh• Company? I repcmt kn the chanty tru9te6s on my exwninatKm of the acwunts ol the Company for the year ended 28 February 2025. R•spon8lbllltI and ba$la r•f r•port As the charttys trustees of the Company {and also ils dlrfjctors for the purposeg of company law) you are resp¢nsible for th? preparatlon of lh• accounis kn accordancè wth the requiremenis of the Cornpanies Acl 200e ('the 2008 Acl,). 14athg salisfiéd myself that thé account8 of the Conwy aré r1 requlred lo be audited und8r Part 16 of the 2006 Act arLI are ellglble for IndeperKlent examknakn. I rep Sn r88PeCt of my examlnaiion of youf ch13 accounts as carrfed urnlw Seclion 145 of the Charltles Aci 2011 ('Ihe 2011 Acf). In carrylng out my exwnlnation I hav• fQMow the Dire¢tlons glven by Ihe Charity Commls8ion under Sedion 145(5) (b) ol the 2011 A¢1, Ind•p•nd•nt •x&mln•l• 8tal•m•nl I have oJnpleted my examlnatlon. I conflmi that no matter8 have come to my att&ntion in connedon wilh tho examlnallon giving m8 ¢au80 to balieve.. accountlng recorth re not kept In réspect 01 the Cl>npY as requlred by Sgcoon 386 of Ihe 2006 the aCtnts do not accord wlth Ihose record8; or Ihe accounts do not c¢mply th the accountlng r8qrernents of Sedion 396 of the 2006 Acl other than ary requlrémant thal the accounts glve a irue and falr vlew th1¢h 19 nol o matter con8lder8d as pwi of an independent examlnalion; or lh6 accounts have not been preparéd In accordance rflh the method8 and prlnciples ol ihe Ststement of Recommended Practice for accounlSng and reporfln9 by chlllas (appmcable lo charilles prepariNd thelr a1$ In accordance the Flnanc181 Reportlng Standard appllcablo in the UK And Republic ol lffjland (FRS 102)). I hav8 no concerns and hav8 ¢ome across no Oiher matters in conne¢xion wlth Ihe examinatlon to which attanllon should b8 (trawn In thls report h ord•r to enable a proper undarstandlng of the accounts to b8 rnacfv. Jeremy Kllson BA FCA Pdmo Chartered Accounlants 5 Argosy Court Scimitar Way Whilley Buslness Park Coventry CV3 4GA 11 November 2025 Page 3
ST FINBARRS SPORTING LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 Unrestrlcled fund 2024 Tol81 funds Notes INCOMEAND ENDOWMENTS FROM Charltable actlvltles Club & pitch hire 112.387 81,908 Investment income 2,547 5.302 Total 114.934 87.210 EXPENDITURE ON Charltable actlvltles Club & pltch hire 90,499 85,760 NET INCOME 24,435 1,450 RECONCILIATION OF FUNDS Totsl funds broughl foNard 1,719,892 1,718,442 TOTAL FUNDS CARRIED FORWARD 1,744,327 1,719,892 The notes form part of Ihese financial stalements Pag6 4
ST FINBARRS SPORTING LIMITED BALANCE SHEET 28 FEBRUARY 2025 2025 Unrestrlcted fund 2024 Total funds Notes FIXED ASSErs Tangible assets Investments Inveslments Inveslment property 99,638 99,485 100 1,340,927 100 1,340,927 1,440,665 1.440.512 CURRENT ASSETS Debtors Cash at bank 10 112,862 216,882 76,006 217,885 329.744 293,891 CREDITORS Amounts falling due within one year 11 (26.082) (14,511) NET CURRENT ASSErs 303,662 279,380 TOTAL ASSETS LESS CURRENT LIABILITIES 1,744,327 1,719,892 NET ASSET8 1,744,327 1,719,892 FUNDS Unrestricted funds 12 1,744,327 1.719,892 TOTAL FUNDS 1,744.327 1,719.892 The charitable company is entilled to exemption from audit under Section 477 of tho Companies Act 2006 for the year ended 28 February 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 In accordance with Section 476 of the Companies Acl 2006. The trustees acknowledge their responsibilities for (a} ensuring that the charitable company keeps accountlng records that comply wilh Sections 386 and 387 of the Companies Act 2006 and (b) preparlng financial statements which gNe a true and fair view of the state of affairs of the charltable ompany as al the end of each financial year and of its surplus or deficit for each financial year in accordan wrth the requlrements of Seclions 394 and 395 and which otherwise comply with the requirements of ihe Companies Act 2006 relats'ng to financial statemenls. so far as applicable to the charitable company. The notes form part of Ihese financial statements Pagè 5 eontinu8d...
ST FINBARRS SPORTING UMITED BALANCE SHEET- contlnuad 28 FEBRUARY 2025 TIY8se financlal slatements have been prepared In acrdanCe wSth the P$10n8 appllcable to charltable companles suble¢t lo the small companles regime. The fin d I tatements were approved by the Board of Trustees and authorised for issue on aJffp*lg&.,.4A£r.... and were signed on its behalf by: T Timmons. Tru B Sulllvan - Twstee The notes form part of these financlal ststgmenls Page 6
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 STATUTORY INFORMATION Sl Finbarrs Sporting Limited is a private cornpany. Ilmited by guarantee, registered in England and Wales. The companls registered number and registered office address can be found on the Reference and Administrative Details page. Th9 preseniaiion ¢urrency of the financial staternents is the Pound Sterling {£), ACCOUNTING POUCIES Bagls of preparlng th• flnanclal statsm•nls The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been ppared In accordance wllh the Charltles SORP {FRS 102) 'Accounting and Reportlng by Charitles: Statem8nt of R8comrnended Practs'ce applicable lo chari118s preparing Ihelr accounts in accordan Mth the Financial Reporting Standaid applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).. Financial Reporting Standard 102 'Th8 Financial Reporting Standard appllcable In the UK and Republlc of Ireland, and the Companies Act 2006. The financlal statements have been prepared under the historical cost conv8ntion. with the exception of investments which are Included at markel value, as modlfied by the revaluation of certain assets. Prfrparatlon of consolldatsd flnanclal statements The flnanclal statements conlaln Informatlon about St Flnbarrs Sporting Limited as an Indlvldual company and do not contaln consolidated financial information as the parant of a group. The charity Is exèmpt undèr Section 399{2A) of the Companles Act 2006 frorn the requirements to prepare consolidated financial statéments. Income All income is recognised in Ihe Statement of Financial Activities onca the charity has entitlement to the funds, it is probable that the Sncome will be recelved and the amount ran be measured reliably. Expondlture Liabilities are recognised as expenditure as soon as ther8 Is a legal or constructive obligation committlng Ihe charlty to that expendbture. It Is probable that a transfar of economlc benefits 11 be requSred In settlement and th8 amount of the obllgallon can be measured reliabty. Expendrture Is accounted for on an accruals basis and has been classified under headings that a99regate all cost related to th8 category. Where costs cannot b8 directly attributed to particular headings they have been allocated lo activities on a basis consistent with Ihe use of resources. Tanglble fixed assets Depreciation is provided at the following annual rales in order to write off each asset over its estimated useful Ilfè. Sports fiekj. car park and grounds Motor vehicles Fixtures and fittings Artificial sports pitch Siraight line over 20 years 25Qkn on r8duang balance 15 /0 on reducing balance Straight line over 10 years Invostment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in falr value Is recognised in th6 profit and loss. Taxatlon The charty is exempt from corporation tax on Its tharitabk adivities. Fund accounting Unreslrlcted funds can be used in accordance with the charitable objectives at the dSscretion of the trustees. Page 7 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025 ACCOUNTING POLICIES • contlnued Fund accountlng Restricted funds can only be used for partl¢ular restrlcted purposes within Ihe objects of the charlty. Restrictions arise when specified by tha donor or when funds ere rais8d for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Flxed asset Investments Investments are Induded at cost and wlowed for Impalmènt. INVESTMENT INCOME 2025 2024 Deposit accounl interest Interest r8ce6vable 2,547 2,196 3,106 2.547 5,302 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is statad aft6r chargingl(creditlng): 2025 2024 Audltors, remuneratlon Depradation - owned a88ets 10,110 10,976 11.953 TRUSTEES, REMUNERATION AND BENEFITS There wer8 no trustees, remuneration or other benefits for the year ended 28 February 2025 nor for th8 year ended 29 February 2024. Trust•o$' èxpén8 There were no trustees, expenses pald for the year ended 28 February 2025 nor for the year ended 29 February 2024. Page 8 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 28 FEBRUARY 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitable activities Club & pitch hir 81,908 Investment income 5,302 Total 87.210 EXPENDITURE ON Charltsble a¢llvllle8 Club & pitch hire 85,760 NET INCOME 1,450 RECONCILIATION OF FUNDS Total funds bfought forward 1,718,442 TOTAL FUNDS CARRIED FORWARD 1,719,892 TANGIBLE FIXED ASSETS sports fleld, car park and grounds Fixtures and fittlngs Artificial sports pitch Motor vehicles Totals COST At 1 March 2024 Additions 161,325 8,250 26,985 12,106 174,161 370,721 12,106 At 28 February 2025 161,325 8,250 39,091 174.161 382.827 DEPRECIATION At 1 March 2024 Charge for year 77,778 8,066 8,250 12,869 3,458 172,339 429 271,236 11,953 At 28 February 2025 85. 8,250 16,327 172,768 283,189 NET BOOK VALUE At 28 February 2025 75,481 22,764 1,393 99.638 At 29 Febnjary 2024 83.547 14,116 1,822 99.485 Included in cost OT valuation of sports fi81d, car park and grounds is fr88hold land of £5,175 (2023 £5,175>. Pagè 9 contlnued..
ST FINBARRS SPORTING UMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 28 FEBRUARY 2025 FIXED ASSET INVESTMENTS Shares in group undertakings MARKETVALUE At 1 March 2024 and 28 February 2025 100 NET BOOK VALUE At 28 F8bruary 2025 100 At 29 Fabruary 2024 100 There were no investment assets outside the UK. INVESTMENT PROPERTY FAIR VALUE At 1 March 2024 and 28 F8bruary 2025 1.340.927 NET 800KVALUE At 28 February 2025 1,340,927 At 29 Fabruary 2024 1.340.927 Tha investment property has been valued al fair value by the trustees al the year end. The hlstorical cost of Ihe Snvestment propety Ss £1.352,594 (2024.. £1,352,594). 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors St Flnbarrs Sports and Soclal Club 1956 Llmlted VAT Qebtors and prepaym•nts 17,713 95,008 886 74,978 37 105 141 112,862 76,006 Page 10 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 28 FEBRUARY 2025 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 VAT Creditors & accrued expenses 9,900 16,182 14.511 26,082 14,511 12. MOVEMENT IN FUNDS Net movement in funds At 28.2.25 At 1.3.24 Unr•strlctsd lund8 General fund 1,719,892 24,435 1.744,327 TOTAL FUNDS 1,719,892 24,435 1.744,327 Nei movement in funds, Included In Ihe above are as follows: Incoming resources Resources expended Movement In funds Unrfjstrlded funds General fund 114.934 (90,499) 24,435 TOTAL FUNDS 114,934 (90,4991 24,435 Comparatlves for movement In funds Net movement in funds Al 29.2.24 At 1.3.23 Unr•stri¢t•d funds General fund 1,718,442 1,450 1,719,892 TOTAL FUNDS 1,718,442 1.450 1,719.892 Page11 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 28 FEBRUARY 2025 12. MOVEMENT IN FUNDS • contlnued Comparat5ve nat movemènt in funds. Included In the above are as follows: Incoming resources Resources exp8nded Movement in funds Unrestricted funds General fund 87,210 (85.760) 1,450 TOTAL FUNDS 87,210 (85.760) 1,450 A current year 12 months and prlor year 12 months combined position is as fdlows: Net movement In funds At 28.2.25 At 1.3.23 Unr•8trlctsd funds General fund 1,718,442 25,885 1,744,327 TOTAL FUNDS 1,718,442 25,885 1,744,327 A current year 12 months and prior year 12 months combined net movement in funds, included in Ihe above are as follows: Incoming rasources Resources &xpended Movement In funds Unrn8trlcl•d funds General fund 202,144 {176,259} 25,885 TOTAL FUNDS 202,144 (176,2591 25.885 13. RELATED PARTY DISCLOSURES St Flnbarrs Soclal Club (Coventry) Llmlted. a subsldlary company. Renl was received for hire of the club totalling £Nil (2024- £Nil>. Light and heal was r8charg8d from St Finbarrs Social Club {Cov8ntry) Limlled totalling £Nil (2024: £1,089). At the balance sheet date £Nil (2024: £Nil) was due from Sl Fhbarrs Social Club (Cov8ntry) Limited. St Flnbarrs Sports and Social Club 1956 Limited. a subslsdlary Gompany. A loan was made to the social club totalling £Nil (2024: £Nil). Interest was charged on the loan amounting to £Nil {2024.' £3,106). Payment made to Cover costs totalling £Nil12024: £Nil) Rent was received for hlre of the club lotaling £30,00012024.. £15,000). Page 12 continued...
ST FINBARRS SPORTING LIMITED NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 28 FEBRUARY 2025 13. RELATED PARTY DISCLOSURES - contlnuod Light and heat was recharged from St Finbarrs Social Club 1956 Limited totalling £52,297 (2024: £18,121) At the balance sheet date £95,008 (2024.. £74,979) was due from St Finbarrs Sports and Social Club 1956 Llmlied. Additionally includ8d within trade debtors at tha balance sheet date was an amount of £17,193 (2024: £Nil} due from St Finbarrs Sports and Social Club 1956 Limited. Page 13