utopia ACCOUNTING Holford Drive Community Sports Hub Limited Financial Statements For the Year Ended 31 January 2024 Company Registration No: 08372141 Registered Charity Number: 1153926 www.utopiaaccounting.co.uk
Holford Drive Communlty Sports Hub Umlted Contsnts of the Flnanclal Statements for the Year Ended 31 January 2024 Page Report of the Trustees 1to4 Independent Examinerfs Rewi Statement of Financld Actswtses Balance Sheet Notes to Finan(aal Statements 8t011
Hoiford Drlve Communlty Sports Hub Llmited Report of the Trustees tor the Year Ended 31 January 2024 The trustees present their rewrt Imth the financial ststsments of the charity for the year ended 31 January 2024. The trustees have adoptéd the prnvision8 of AeL¥)unting and Reporttng by Charities: Statement of Reo)mmended Praciice applicabl8 to Charities preparing their accounts in accordance with the Financial RepofarvJ Standard appliCAe in the UK and Republic of Irdand IFRS 102) (eff8cli¥e 1 January 2015}. OBJECTIVES AND ACTNrriES Prlncipal actlvlty and constitutlon The company is registered as a charilable (xKnpany limiw by guarantee and was set up by a Memorandum of Assoclatlon on 23 January 2013. The company is c$blUted under a MwnorarKlum of Asscciation dated 23 January 2013 and is a registered charity. numb8r 1153926. The principal object of the company Is to prolfjde faolilies for rgyeation or i)ther ieisure time for the Inhabitants of Perry Barr, Aston and the surrounding arts. Poll¢les and ob]eclives The obj8ctives of the charity are-. To promot8 for tho b8n6fftofthe Inhabfonts of Pery Barr, Aslon and tr18 surrounding area the FKovision offaclliti8$ for recreation or other leisure time occJJpations of individuals who have a naed of such facilities by reason of thoir youth. age, infimity or disablemenL financial hardship or sooal and enoMIC circumstances or for the public at large in Ihe interest of sThial welfare and with the object of improwng the c#)ndition of life of the said inhabitsnts. To promote communty paTtiapati( in healthy recrealion by provNJin9 and promoting facalltl8$ and org8ni8ing activities for the playing of sporL To advance in life and help young people through: The provlsion of recreational and lèisure actlvltlès provided in thg inter8Stof soaal welfare, deslgned to improve their ¢onditions of lrfe. Providing support and activtbes whkh develop thelr skllls. capaclties and capabllltles to enable them to participate In soc as malure and respble individuals. Method of appolntment or election of tTUStees The management of the c(Knpany is the responsibility of th8 trustees who are ele(ed ar#J COwOPted under the tern of the Arbdes of ASSatiOn. According to the Artides of Association the board should comprise of no more than ten nominated trustees of Yrn.. One may b8 nominated by Blmilngham City CounLyI One may be nominated ty Broadway Academy Eight may be nominated by the affiliated sports appointlng bodies wilh no more than iwo trustees per sports club Two may be nomlnat8d by the board to ffll any skill gaps One may b8 nominatsd by the board to bring communty kn¢yAledge Publlc benefft In setbng objeotives and plannlng for aGbvitses, the trustees have given due consideTrti¢)n to ggneral guidance published by thé Charity Commi88*)n r8lating to pubknc beneftL Pag8 1
Holford Drfve Communlty Sports Hub Umlted Report of thè Trusteos - contlnuad for the Year Ended 31 January 2024 ACHIEVEMENT AND PERFORMANCE Major acdvltlos and achlevements Having taken over the operations of the Hub through tho MMUnty asset transfer in November 2013 the year to 31 January 2024 was ar)other year of consofidation and develownent of the facilttbes. Thè sports clubs are all vary different in their scale, ambib(fft and operation. wrforrning at different levels and different stsges of their developrnent. Boxing Aston ABC has seen a massive increase in competitive member5 from 30 boxers to 50 1)oxers and been very acttve participating in local. national and intemational competitions, overall Competing in 236 bouts. a huge increase in previous year due to th8 increase in boxers and as impcthtty. The annual dinner was 8 success allowing us to hdd 3 open shows arKi fijnding travd and accommodation to varfous comp8titions. The femal8 fiag squad held at Aston ABC continued to prc¥Jr8ss th8 development of female boxing. membors winning various natlonal and intsmatlonal cornpetttlons and call ups to mwnbershlo of the GB Otymplc programme. The dub celebred a threethnation gold medallist- Neve Wright 54kg.' and 4 national finalists: Zaynah Casserfy x 2 NAGBC Class C. England Boxing OFen Cs Y(xrth Neve Wright NAGBC Class B Ethan Te81ing NAGBC Class A 4 Midland ChaMpn8 On the achIng front we welcomed a new level 1 coach and an upjralad coach to level 2. and one of our coaches was accepted to the level 3 coach prcgramm8 over the n8Xt 2 years. Football We are proud to provide the opportunty fur young people (aged 16 10 52) to prepare for and move into staIned football activities. employment and training by Impromng their key life sknlls, through sport84hemed personal development seNices. Our services are dosignod to bring out the best In poople deemed18&8 fortunate by provldlrg thern with high-qualty 8POrt8 sessions. mentoring and guidance. Thé 2023124 season saw 9 ofthe urxler 17 sK)uth team elevats to th8 s8nM)r Secti( and the ov8r 35s reathing a cup final. CSFC bonded a relationship a faith-based dub vhK) incorporatsd the Continental Star brand. Aso, a network of 2 football teams has fom)ed, wlth Continental Star Gambia and Continental Star Nigeria FC having merged and charted a global netsvorf( of addltlonal tsams. Page 2
Holford Drfve Communlty Sports Hub Limited Report of the Trustses - continued for the Year Ended 31 January 2024 PLANS FOR FUTURE PERIODS Continue to dev81op and promote the exÉsting cbjb's wogrammes Continue to apply for grants and funding projects FINANCIAL REVIEW Total income for the year was £60,529 (2023: £48,356) of which £37,872 was unrestricted (2023: £43.2611 and £22,657 was restricted (2023 £5.095). Total funds Garried forward at the year end were £75.09) (2023: £7T.138) of thich £35238 was unrestricl8d (2023 £54.983) and £39.8S2 were restricted (2023: £22.155). Rlsk management The trustees have identified certain risks to which the charfty TS exposed as part of their responsii)iliti8s as trustees running the charity. The main risks klenl1fi rdate to Health and Safety Issues. The trustees have a general Health and Safety policy in placo which is strty followed. Going con¢om After making appropriate enquiries, the trustees have a reasonable expe¢lation that the charity has adequate resources to continue in operational existence for the foreseeable future. For thbs reason they w)linu6 to adopt th8 going con¢em basis in preparing the finanaal ststsments. Reserves pollcy The trustees have reviewed the (artils requirements f(Y reserves. This Is completed on an annual basks. The general reseTh8s are required for working capital purposes. The general reseNes stood at £35.238 at 31 January 2024 (2023: £54,983). The trustees believe that this is 8Lrfficaent to enable the charity to continue its activities. The trustees b8li8v8 that thls lev81 of reserves wlll support any unforeseen reduction in the incxmie by the d)arity. Inveslment powern Under the d88d the charity has the Fmjwer to make any nvestments Ihe trustees see fiL Pag8 3
Holford Drive Community Sports Hub Limited Roport of the Truste88 - continued for the Yèar Ended 31 January 2024 REFERENCE AND ADMINISTRATNE DEfAILS Registsred charity number 1153926 Reglstered office address 101 Holford Drive Birmingham West Midlands B42 2TU Trustees L Moses J G Homer E A Codrington KOMJohn R J Hazel D Collette T A Brown M D Shaer- appointed 7 February 2024 Independent examlner Adam Law FCCA Utopia Accounting Limited 30 Meadow Way Tamworth Stafft)rdshire B79 OEE STATEMENT OF TRUSTEES RESPONSIBILMES The trustees are responsible from preparing the Report of the Trustees and th8 financtal ststements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The FinancAal Reporting Stsndard ap1¢able in the UK and Republic of Ireland.. The law applicable to charities in England and Vues. Ihe Charities Act 2011, Charity (Ants and Reports) Regulations 2008 and the provIonS ofthe trust deed requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expendtture. of the charity for that period. In preparing those finanGial statements the trustees are required to: select suitaL4e accounting polie8 and then appty them consistenty. observe the methods and principles in the Charity SORP: make judgements and estimates that are reasonable and pnKlent' state whether applicable accounting standards have been followed. subpct to any material departures disclosed and explained in the finan¢ial statements; prepare the financial statements on the going concem basis unless it 16 inappropriate to presume that the charity will continue in business. The trustees a SPOnSible for keeping proper a¢¢ounting records which disclose wilh reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements ¢ompty with the Chariti8S Act 2011, the Charity (Accounts and Reports) Regulations 21x18 and the provisions of the tNst d8ed. They are also res le r safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and onof d other irregularthes. pproved er stees on ctober 2(r24 and signed on its behalf by: RJHazel- Page 4
Indepèndont Examlnof8 Raport to tho Trust$ of Holford Drlve Community Sports Hub Limitad We repjrt on the accounts for the year ended 31 January 2024 set out on pages 6 10 11. Respecthie rosponslbllitiès of trust$ and examlner The chaiitys trustees (who are also the directors for the purpjses of company law) are responsib58 for the preparation of the accounts. The charitys trustees considerthat an audit ts not required forthK8 year {underSection 14412) of the Charities Act 2011 (th8 2011 Act)) and that an independent examination is required. HavlrKJ satisfied ourselves that the tharity is not subJ8d to audit under company 18w and is 6lh3ible for independent examination. it is our responsibility to: examine the accounts under Secti¢Jn 145 of th8 2011 Act to follow the procedures laid down in th8 General Direciions gtven by the Charity Commission (under Section 145(5)(b) of the 2011 AGtI- and to state whether parbcular matters have come to attention. Basls of the independent oxaminerfs report Our examination was carried out in accordanc8 the General Directlons gfven by the Charity C¢)mmisslon. An examination indudes a r8viéwofthe accounling records kept by the charity and a comparison ofthe accounts presentsd with those records. It also indudes consideration of any unusual items or disclosures in the alxounts, and seeking explanations from you as trustees concaming any such matters. The procedurns und8rtak8n do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the actounts present a rue and fair viévl and the report is limited to those matters s81 in the statements below. Independent examlnorf3 statement In connection with our examination, no matter has come to attention: (1) whlch gives us reanable cause to belleve thaL in any material respect. the requirements to keep accounting rerdS in accordance with Section 386 and 387 of the Companies Act 2006., and to prepare accounts whith accord with the a0Unting rerds. comply with the accounting requirements of Sectlons 394 and 395 of the Companies Act 2006 and with thè methods and principles of the Statament of Rewmmended Practice: h£cn11ng and Reporting by Charities have rK)t been met: or (2) to vthich, in our opinion. attentlon ShId be drawn in order to 8nabl8 a proper understsndiThJ of th8 accounts to Adam Law FCCA Utopia Accounting Limbted 30 Meadow Way Tamworth Stsffordshlre B79 OEE 16 October 2024
Holford Drive Communlty Sports Hub Umited Statemont of Flnancial Actlvltles for the Yèar Ended 31 January 2024 2024 2023 Unrestricted Restrlcted Total funds Total funds funds funds Not INCOME FROM BiThingham Gity Coun(al English SFQrts Council Donations Incoming resour from charitable actlvilies Other incx>me 5.095 12,697 12,697 37.872 37.872 43.261 Totsl 37,872 22,657 60,529 48.356 EXPENDITURE ON Charflable acthiltlos Direct charitsble exp8ndEture Grants to institutions Other 250 3,500 39,466 57,617 57,617 Total 57.617 43,216 NET INCOMEI(EXPENDrruRE) {19.745) 17.897 (2.048) 5.140 Transfors b6tw•en funds Net movemant in funds {19.745) 17,697 {2.048) 5.140 RECONCIUATION OF FUNDS Total funds br¢)ught foThvanl 54.983 22.155 77.138 71,998 TOTAL FUNDS CARRIED FORWARD 35.238 CONTINUING OPERATIONS Atl income and expenditu has arisen from continuing activibes. The notes form part of t1 financial staternents Page 6
Holford Drive Communlty Sports Hub Umited Balance Sheet At 31 January 2024 2024 2023 Totsl fvnds Total funds Restricted funds funds Not es FIXED ASSETS Tangible assets 3.297 3.297 1,559 CURRENT ASSErs Debtors Cash at bank 11,989 11,989 29,322 39.141 39.852 78,993 79,631 CREDITORS Amounts falling due within one year (7.200) (7,200) (4.052) NET CURRENT ASSErs 31.941 39,852 71.793 TOTAL ASSETS LESS CURRENT UABILMES 35.238 39.852 75,0 77,138 NET ASSETS 35.238 39.852 77,138 FUNDS Unrestricted funds: General fund 35.238 54.983 Restricted funds 39,852 22,155 TOTAL FUNDS For the financial year ending 31 January 2024 the charity was entiued to 8xemptK)n from audit under section 477 of the Companies Act 20[ relating to small companies. Tru8tees responslbllltles The members have not required the chartty to obtain an audit of its accounts for the year in question in accordanc8 w5th section 476. and The trustees acknowledge their responsibilty for cnmplying with the requir8m8nts of the Act W5th resp8ci to accounting records and the preparation of accounts. These accounts have been prepared in a(rdance with 1h8 provisions appl1@ to companies subject to the small companies regime. The financial ststerrts were approved by the Board of Trustees on 16 October 2024 and were signed on its behalf by: T A Brown - Trustee J G Homer- Tnjstee The notes fom part of these financial statements Page 7 continued...
Holford Drlve Communlty Sports Hub Umited Notes to thè Financlal Statements for the Year Ended 31 January 2024 ACCOUNTING POUCIES Statutory Infomiatlon Holford Drive Communty Sports Hub Limtted is a chaiitsbl6 company limited by guarantse and Is incorporated in the Unite(I lfjngdom (England and Wales). The registered office address and operational aldre89 is 101 Holford Drive. Birmingham. West Midlands. B42 2TU. Basis of Preparfng the flnanclal statements The finanGial ststernents of the charity, vthich is a wbllc benefft enw under FRS 102. have been prepared in accordance wth the Charittes SORP (FRS 1021 'A¢Gountiro and Retltng by Chartties: Statement of Recommended Practice applic2ble to charities preparing their accounts in accordan vAth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporbng Standard aFpli¢able in the UK and Republic of Ireland. and the Charitles Act 2011. Th8 financial slatsments have been prepared und8r th6 historical cost Convenlion. as modified by tha revaluatlon of rtain assets. Income Income is brought into acUnt wthen it is more likety than Th)t th8 On¢)mIG benefit of the In(xe w]11 arue to th8 th8rity. Expendlture This is recognised when a liablty is incurred, or a constructive obligation arises. that sUlts in fiP payment being unavoidable. Llabilities are recognised as soon as an tyjffiow of eDJnomic tenefit cons&lered more likely than not under the legal or construdive obligation commithng the charity to pay out rescyjrces. Governanco costs These are the costs asscoated with the general running of the charity and strateglc managemert rather than the costs of its tharitable acaivitses and day to day managemnL Taxation The charity is exempt from tax on its charltabl8 acAlvi. Tangible fixed assèts and dapredatlon Tangibl8 fixed assets are measured at cost less ac(xThulated depreciation and any accumulated impaiment losses. Depreciation Is provlded at rates calculated to write off the cost of the fixed a55ets, less their estimated residual value. over their expected useful IIv8s on th8 following bases: Fixtures. ffttings and equipment 10% stNght lin8 Fund accovnllng Restricted fvnds can only be used for particular restricted purposes within the objects of the chaiity. Restrlctlons arise en specified by the donor or vhn funds are raised for particular restricted purposès. Publlc beneflt entity The charity meets the definttton of a publlc benefft entity under FRS 102. Assets and liabiliti8s are Inltially recognised at historical cost or transacti¢)n value unless otheiS9 ststed in the relevant accounllng policylnote. Going Conrn Based on the monetary assets arKI human resr available at 31 January 2024. the trustees believe that th8 charity is a goirKJ concem. VAT Since thé charity is not VAT registsred. all input VAT is charged wtth the expenses to which it refers. Pag8 8
Holft)rd Drlve Communlty Sports Hub Umll8d Notés to tho Flnancial Statoments - continued for the Year Ended 31 January 2024 DONATIONS AND LEGACIES 2024 2023 Birmingham City Council English Sports Council Donations 9,960 12,697 5,095 22,657 CHARITABLE ACTMTIES COSTS Funding of athwties Totals Direct charitable eXpendIre Grants to institirtions 250 3.500 3,750 SUPPORT COSTS Manag8m8nt Totals other rosourcos expended 55.817 1.800 57.617 Support costs. induded in th8 abov8. are as follows: 2024 Other 2023 expended Total adlvltles Premises runnlng costs Repairs and renewaL8 Telephone Sundry expenses Accountsn Professional fees Depreciation 53,306 29,957 6,596 718 159 1.500 818 159 1.800 57.617 39.466 Pag8 9
Holford Dr]ve Communlty Sports Hub Limlted Notes to the Flnanclal Statements - contlnued for the Year Ended 31 January 2024 TRUSTEES. REMUNERATION AND BENEFrrs During the year 8nded 31 January 2024 there were rn trustea axpenses {2023: Nil). TANGIBLE FIXED ASSErs Fixtures & Fittings COST OR VALUATION At 1 February 2023 Additions 5,358 At 31 January 2024 7.762 DEPRECIATION At 1 February 2023 Provided durir¥J the year 3,797 668 At 31 January 2024 4.465 NET BOOK VALUE At 31 January 2024 3.297 At 31 January 2023 1,559 DEBTORS 2024 2023 Trade debtors ppayMefits and aoyued in(a)me 0th8r debtors 6.729 25,269 4.053 11.989 29,322 Page 10
Holford Drlve Cornmunlty Sports Hub Umltad Notes to the Flnaneial Statements - eontinued tor the Year Ended 31 January 2024 CREDrroRS.. AMouTr¥fs FALUNG DUE wrrHIN ONE YEAR 2024 2023 Accnjals and deferred Income other creditors 7.200 4.052 7,200 4.052 MOVEMENT IN FUNDS Net movement Transférs in funds b8t¥vaen funds At 1.223 At31.1.24 Unrestrlctod funds General fund 54.983 (19.745> 35,238 Restricted funds SIB fund England and Wales Cric*et Trust BCC- ground maintenance Perry Barr Neighbourhood Nelwork Scheme BCC Celebrating Communtties Small Grant BCC Winter Food Aid Fund English Sports Council 8.000 4.560 1.500 3.000 5,095 1.500 3,000 5.095 5,000 12.697 5,0 12,697 TOTAL FUNDS 77.138 75,090 Net movement in funds. indud8d in the atjove are as folkME: Inc%Jming Resources Gains and Movement In funds Unrestrl¢tsd funds General fund 37,872 (57.617) (19,745) Rèstrictsd funds SIB fund England and Wales Cricket Trust BCC- ground maintenan Pery Barr Neighbouthood Network Stheme BCC Celebrdting Communtknes Smdl Grant BCC Winter Food Fund English Sports Coun¢il 4.960 (4.960) 5.000 12,697 5.000 12,697 TOTAL FUNDS 60,529 62.577 10. CONTINGENT UABILMES As at 31 January 2024 there were no contirvJenl liabiliti85 (21y23: Nil). Page 11