Co Reg No.. 07540253 Chaiily Reg No.. 1152770 Page-1 SHAFTESBURY PARK REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Company No: 07540253 {England & Wales) Charlty No: 1152770 Co Reg No.. 07540253 Charlty Reg No.. 1152770 SHAFTESBURY PARK Page-2 CONTENTS Page Report of the Board Independent Examiners Report statement of Financial Activities Balance Sheet Statement of Cashflows Notes forming part of the financial statements 10-12 Co Reg No.. 07540253 Ch8rily Reg No.. 1152770 Page-3 SHAFTESBURY PARK DIRECTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The trustees are pleased to present their annual directors, report together with the financial statements of the charity for the year ended 30 June 2024 which are also prepared lo meet the requirements for a directors, report and accounls for Companies Act purposes. The financial statemenls comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive 01 January 20151. Alms and Objectives The maintenance and improvement of the physical well being of persons resident ill Bristol and the surrounding neighbourhood by the provision of facilities for physical training and recreation. Public Beneflt Statement The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. Achievements and Performance The charity continues lo fulfil ils charitable objectives by the provision of facilities for physical training and recreation. Flnanclal Review The charity held £8,434,584 in reserves at the balance sheet date. structure, Governance and Review Governing Document The organisation is a charity company limited by guarantee, incorporated on 23 February 2011 and registered as a charity on 8 July 2013. The company was established under Articles of Association which established the objectives and powers of the charitable company and is governed by its Articles of Association. In the event of the company b8ing wound up members are required to contribute an amount not exceeding £1 Appointment of Trustees The directors of the company are also charity Iruslees for the purposes ol charity law. Under the requirements of the Articles of Association, Trustees shall be appointed by resolution of the Trustees. Every Trustee will hold office unlil they vacate office in accordance with Article 8.7 of the Articles of Association. All members of the Board give their lime voluntarily and re￿iVed no benefits from the charity. Co R89 No." 07540253 Charity Reg No.. 1152770 Page-4 SHAFTESBURY PARK ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Legal and Adrninistratlve Informatlon Charity Registration Number.. 1152770 Company Registration Number.. 7540253 Regl8t8red Office and Operatlonal Address.. Units 1 4 Crossley Farm Business Cenlie Swan Lane Winterbourne BRISTOL BS36 1RH Dlrectors and Trustees R. Bowden P. Knowles Rev. T Denley Independent Examlners Oavid Cox Harwood Lane & Co Units 1 4 Crossley Farm Business Centre Swan Lane Winlerbourne BRISTOL BS36 1RH Bankers Lloyds Bank PIC Kingswood BRISTOL BS15 8HT Statement as to dlsclosure of Information to Examlners In so far as the Iruslees are aware al the time of approving our trustees, annual report.. there is no relevant inforrnalion, being information needed by the examiner in connection with preparing their report and., the trustees. having made enquiries of fellow directors and the examiners that they ought to have individually taken. have each taken all steps that he is obliged to take as a director in order lo make themselves aware of any relevant accounts infomiation and lo establish that the examiner is aware of that infom)ation. Co Reg No." 07540253 Charity Reg No.. 1152770 SHAFTESBURY PARK Page-5 DIRECTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 Trustees. Responsibility Statement The charity Iruslees are responsible for preparing a trustees, annual report and financial slalemenls in accordance with applicable accounting law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England and Wales requires the charity trustees lo prepare financial statements for each year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources. of the charity for that period. In preparing the financial statements. the trustees are required to.. used suitable accounllng policies and then applied them consistently- observe the methods and principles in the applicable Charities SORP-, made judgements and estimates that are reasonable and prudent., slated whether applicable accounting standards have been followed, subject lo any material departures disclosed and explanations in the financial slalements., and prepared the financial slalements on the going concern basis. The Trustees have responsibility for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable il lo ensure that the financial stslemenls comply with the Companies Act 2006. They also have responsibility for safeguarding the assets of the charitable company and hence for taking reasonable steps lo prevent and detect fraud and other irregularities. Members of the Board Members of the Board, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year are sel out on page 4 In accordan￿ with company law, as the companys directors. we certify that.. So far as we are aware, there is no relevant accounts information of which the company's auditors are unaware., and As directors of the company we have taken all the steps that we ought lo have taken in order to make ourselves aware of any relevant audit information and lo establish that the charills auditors are aware ol that information. Independent Examiners Harwood Lane & Co were re-appointed as the charity's Examiners during the year and have expressed their willingness lo continue in that capacity. Approval This report has been prepared in accordance wilh the Statement of Recommended Practice.. Accounting and Reporting by Charities (issued in March 20051 and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities. This reportwas approved by the Board of Directors and Trustees on.. 1% lu?5 Director and Trustee Mr R Bowden Co Reg No.. 07540253 Charity Reg No.. 1152770 Page-6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHAFTESBURY PARK I report on the accounts of the Company for the year ended 30 June 2024, which are sel out on pages 7 to 12. Resp¢ctlve r¢spon$lbllltles of trustees and examlners The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examine the accounts under section 145 of the 2011 Act., to follow the Pfocedures laid down in the General Directions given by the Charity Commission under section 145(5}Ibl of the 2011 Act., and to state whether particular matters have come lo my attention. Basis of Independent examiners, rèport My examination was carried out in accordance with the General Direction5 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees Concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and. consequently, no opinion is given as lo whether the accounts present a true and fair view and the report is limited lo those mallers set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention.. which give me reasonable cause lo belleve that, in any material respect, the requirements.. to keep accounting records in accordance with s386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records and to comply with the a￿oUntIng requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met.. or to which, in my opinion, attention should be drawn in older to enable a proper understanding of the accounts to be reached. Davld Cox For and on behalf of Hawood, Lane & Co Chartered Accounlanls Unit5 1- 4 Crossley Farm Business Centre Swan Lane Winterbourne Bristol BS36 1 RH Date: Co R89 No.. 07540253 Charity Reg No.. 1152770 Page-7 SHAFTESBURY PARK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Summary Income and Expendlture A¢¢ount Notes 2024 2023 INCOMING RESOURCES Donations and Legacies Other Income Interest Received 55.626 312 1,168 Total Incomo 57.106 RESOURCES EXPENDED Charitable Expenses 175 6,704 Fundraising Costs Total Resources Expended 175 6.704 Net Incomlngl{Outgoing) Resources for the year 12 56,931 -6,704 Reconcillation of Fund$ Balances Brought FoNard 8,377,653 8,384,357 Total Funds Carried Forward £8,434,584 £8,377,653 The notes on pages 10 to 12 form part of these accounts Co R89 No.. 07S40253 harily Reg No.. 1152770 Page-8 SHAFTESBURY PARK BALANCE SHEET AS AT 30 JUNE 2024 Notes 2024 2023 FIXED ASSETS Tangible Fixed Assets Investments 8,069,369 8.070,686 CURRENT ASSETS Debtors Cash at Bank and in Hand 175.063 191,513 156,725 150,641 366,576 307,366 CREDITORS. amounts falling due within one year -1,362 400 Net current Assets 365,214 306,966 Total Assets less Total Llabllltles £8,434,584 £8,377,653 Capltal and Reserves Retained Surplus 10 8,434,584 8.377,653 £8,434,584 £8,377,653 The Directors considers that the company is enlilled lo exemption from the requirement lo have an audit under the provisions of s.477 of the Companies Act 2006. Members have not required the company under s.476 of the Companies Act 2006, to obtain an audit for the period ended 30 June 2024. The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 2nd s.387 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the slate of affairs ol the company as at 30 June 2024 and of its profit for the period then ended in accordance with the requirements of s.396, and which otheiwise comply with the requirements of the Act relating to the accounts so far as applicable to the company. The financial statements which have been prepared in accordance with the special provisions r81ating to companies subject lo the small companies regime within Part 15 of the Companies Act 2006 were approved by the board on 1% lolg and are signed on ils behalf. Mr R Bowden Dlrector Tho notes on pages 10 to 12 form part of these accounts Co Reg No.. 07540253 Charlly Reg No.. 1152770 Page-9 SHAFTESBURY PARK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024 Total Funds 2024 Total Funds 2023 Notes Net Cash used In operatlng activities 13 39,704 -766 Cash Flow from Investlng a¢tlvities." Interest and dividends Ground development costs Purchase of investment 1,168 Net cash provlded by investlng a¢tlvitles 1,168 Cash Flow from flnancing activlties.. Repayment of borrowing Receipt of expendable endowment Net cash provlded by financing actlvltles Change In cash and cash equlvalents In the year 40,872 -766 Cash and cash equivalent brought forward 150.641 151.407 Cash and cash equlvalent ¢arrled forward £191,513 £150,641 Co Reg No.. 07540253 Charity Reg No.. 1182770 SHAFTESBURY PARK Page- 10 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES la) Basls of Accountlng The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities.. statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151 {Charities SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Shaftesbury Park meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. Income Recognltion (b) All incoming resources are included in the statement of financial activities when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy and that il is probable that the income will be re￿ived. Expenditure Re¢ognition {cl Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. (d) Tanglble Fixed Assets The Ground in the course of construction is valued at the lower of cost and net realisable value. Costs comprises materials, direct labour and direct development expenditure. other tangible fixed assets are slated at ¢osl less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases". Fixtures, Fittings and Equipment 20.10 straight line INVESTMENT INCOME All of the charity's investment income of £1,168 {2023 - £0) arises from money held in interest bearing bank accounts. CHARTABLE EXPENSES 2024 2023 Irrecoverable VAT Rates and Water Insuran Bank Charges Miscellaneous Expenses Accountancy Professional Fees Depreciation Donalions 4,705 1,191 1,241 2,501 185 13 425 750 1,316 183 13 400 2,366 £175 £6,704 Co Reg No.. 07540253 Charily Reg No.. 1152770 SHAFTESBURY PARK Page-11 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 FUNDRAISING COSTS 2024 2023 Fundraising £0 £0 TANGIBLE FIXED ASSETS Fixtures, Fittlngs and Equipment Sportlng Complex Total Cost As al 01 July 2023 Additions 8.069.369 60,149 8,129,518 As at 30 June 2024 £8,069,369 £60,149 £8,129,518 Depre¢lation As al 01 July 2023 Charge for the year 58,832 1,317 58.832 1,317 As al 30 June 2024 £0 £60,149 £60,149 Net Book Value As at 30 June 2023 £8,069.369 £1,317 £8,070,686 As at 30 Juno 2024 £8.069,369 £0 £8,069,369 INVESTMENTS 2024 2023 Shares in Group Undertakings £1 £1 The Charity owns 100Vo of the ordinary share capital of Dings Crusader5 RFC Ltd. DEBTORS 2024 2023 Income Receivable Inter Company Account Other Debtors 173,905 1,158 155.703 1.022 £175.063 £156,725 CREDITORS 2024 2023 Deferred Income Accruals 937 425 400 £1,362 £400 Co Reg No.. 07540253 Charity Rég No". 1152770 Page- 12 SHAFTESBURY PARK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Fixed Assets Current Assets Current Liabilities 8,069.370 366,576 -1,362 £8.434,584 10 RESERVES At 01.07.23 Income Expenditure At 30.06.2024 General Reserves general funds designated funds 8.377,653 57,106 -175 8,434,584 £8,377,653 £57,106 £175 £8,434,584 11 TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS During the year. donations totalling £55,62612023 - £0} were received from the charity's subsidiary, Dings Crusaders RFC Ltd. No members of the board of trustees received any remuneration during the year. No trustees or other person related lo the charity had any personal interest in any contract or transaction entered into by the charity during the year {2023 - Nill. 12 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources is stated after ch3rging= Oeprecialion of owned Fixed Assets Independent Examiners Fee 1.317 425 2,366 400 13 Reconciliation of net movements In funds to net cash flow from operatlng actlvltlgs 2024 2023 Net Movement in funds Depreciation on fixed assets Less interest received Decrease lincrease) in debtors Increase (decrease) in creditors 56,931 1,317 -1,168 -18,338 962 -6,704 2,366 3,572 Net cash used In operatlng actlvltles £39,704 £766