2021-03-31-accounts

ALBURY SPORTS CLUB LIMITED (A company limited by guarantee)

Report and Financial Statements

Year ended: 31[st] March 2021

Charity no: 1154921 Company no: 08694361

Contents Page

ontents Page
Legal and Administrative Information	1
Report of the Trustees	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5-6
Detailed Statement of Financial Activities	7

Legal and administrative information

Status

The organisation is a charitable company limited by guarantee, incorporated on 17[th] September 2013 and registered as a charity on 6[th] December 2013.

The company was established under a Memorandum of Association and is governed under its Articles of Association.

Registered Company Number

08694361

Charity Number 1154921

Trustees

C Nunn P Mace T Matthews

Registered Office

Essira, Willow Walk, Shere, Surrey GU5 9HY

Bankers

Lloyds TSB, High Street, Guildford, Surrey

Management

The responsibility for managing the affairs of Albury Sports Club Limited rests with the people who are listed as Trustees for the purpose of charity law and who are also Directors for the purpose of company law, together with the Chairpersons of the football and cricket clubs who sit on the committee but are not trustees. Together they are known as the Management Committee.

1

Report of the Trustees For the year ended 31st March 2021

The Trustees present their report and the financial statements for the year ended 31st March 2021.

Objectives and Activities

The company is a charity and exists to promote community participation in sporting activities predominantly for young people. During the year the company promoted the sporting activities of football, cricket and rounders to over 500 members. The trustees continued their efforts to improve the sporting facilities and provide additional venues for the increasing number of members.

The company received the net assets of Albury Football and Cricket Club on 1[st] October 2015 by way of a gift.

The company received planning permission to undertake a renovation of its clubhouse which commenced during the financial year. The project was completed in November 2020 and was mainly funded by way of grants for which the Trustees are grateful. The company was committed to undertake more fundraising for the remaining funds needed. Due to the outbreak of the Coronavirus pandemic, the fundraising was unable to take place but there are plans to resume this when permitted.

Investment policy

The Management Committee has considered the most appropriate policy for investing funds and, shortly after the year end decided to invest some of the funds in a fixed interest fund designed for the charity sector, which they feel meets their requirements to generate interest at a satisfactory level at a low risk.

Risk review

The Management Committee has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks have been minimised by the implementation of a Child Protection Policy and by procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

Reserves Policy

It is the policy of the charity to maintain unrestricted funds in order to ensure the day to day running of the charity.

Approved by the Trustees on 17[th ] December 2021 and signed on their behalf by:

C Nunn Chairperson

2

ALBURY SPORTS CLUB LIMITED

ACCOUNTS

For the Year Ended 31st March 2021

Page 1 of 15

ALBURY SPORTS CLUB LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS

For the Year Ended 31st March 2021
	Page
Contents Page	2
Company Information	3
Directors' Report	4-5
Accountant's Report	6-7
Profit & Loss Account	8
Balance Sheet	9-10
Notes to the Financial Statements	11-13
The following pages do not form part of the statutory accounts.
Administrative Expense Analysis	14

Page 2 of 15

ALBURY SPORTS CLUB LIMITED

COMPANY INFORMATION

For the Year Ended 31st March 2021

Trustees	Directors	C Nunn
		T Matthews
		P Mace
Registered Address		Essira
		Willow Walk
		Shere
		Surrey
		GU5 9HY
Company Registration Number		8694361
Bankers		Lloyds TSB
		High Street
		Guildford
		Surrey
		Oakwood Business Consultants
Accountants		Honeygreen Barn
		Smithbrook Barns
		Cranleigh
		Surrey
		GU6 8LH

Page 3 of 15

ALBURY SPORTS CLUB LIMITED

DIRECTORS' REPORT

For the Year Ended 31st March 2021

The Directors present their report and the financial statements of the Sports Club for the year ended 31st March 2021.

MANAGEMENT

The responsiblity for managing the affairs of the club rest with the trustees and directors, together with the Chairpersons of the Football and Cricket Club who sit on the committee but are not trustees. Together they are known as the Management Committee

DIRECTOR'S RESPONSIBILITIES

Company law requires the director to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the director is required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

Page 4 of 15

ALBURY SPORTS CLUB LIMITED

DIRECTORS' REPORT (CONTINUED)

For the Year Ended 31st March 2021

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position or the sports club 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 club and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been properly prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime contained within the Companies Act 2006 and was approved by the board.

ON BEHALF OF THE BOARD

Date

C Nunn Director

Page 5 of 15

ALBURY SPORTS CLUB LIMITED ACCOUNTANTS' REPORT TO THE DIRECTORS

For the Year Ended 31st March 2021

We have prepared the financial statements of Albury Sports Club Limited for the year ended 31st March 2021 which comprise the Profit and Loss Account and the Balance Sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

This report is made solely to the club’s directors, as a body, in accordance with your instructions. Our work has been undertaken so that we might report to you those matters you have required us to state in our report and for no other purpose. To the fullest extent of the law, we do not accept or assume responsibility to anyone other than the club and the company’s directors as a body, for our work, for this report, or for the opinions we have formed.

Respective responsibilities of Directors and Accountants

As described in the Statement of Directors’ Responsibilities the Company's Directors are responsible for the preparation of the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Our responsibility is to prepare the financial statements in accordance with relevant legal and regulatory requirements.

We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 2006. We also report to you if, in our opinion, the Directors’ Report is not consistent with the financial statements, if the company has not kept proper accounting records, if we have not received all the information and explanations we require, or if information specified by law regarding Directors’ remuneration and transactions with the company is not disclosed.

We read the Directors’ Report and consider the implications for our report if we become aware of any apparent misstatements within it.

Page 6 of 15

ALBURY SPORTS CLUB LIMITED ACCOUNTANTS' REPORT TO THE DIRECTORS

For the Year Ended 31st March 2021

As described on the balance sheet you are responsible for the compilation of the accounts for the period ended 31st March 2021 set out on pages 1 to 15, and you consider that the company is exempt from audit and a report under section 476 of the Companies Act 2006.

Going Concern Opinion

In our opinion the financial statements give a true and fair view of the state of the Company's affairs as at 31st March 2021 and have been properly prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime contained within the Companies Act 2006.

Report

We report that, in accordance with your instructions and in order to assist you to fulfil your responsibilities, we have complied, without carrying out an audit, the accounts from the accounting records of the company and from the information and explanations supplied to us.

Oakwood Business Consultants

13th December 2021

Honeygreen Barn Smithbrook Barns Cranleigh Surrey GU6 8LH

Page 7 of 15

ALBURY SPORTS CLUB LIMITED

PROFIT AND LOSS ACCOUNT

For the Year Ended 31st March 2021

	Notes	2020/21	2019/20
		£	£
TURNOVER	1.2	97,974	77,858
Other income
Expenses		132,408	78,669
OPERATING PROFIT(LOSS)		-34,434	-811
TAXATION	1	0	0
PROFIT ON ORDINARY ACTIVITIES
AFTER TAXATION		-34,434	-811
RETAINED PROFIT BROUGHT FORWARD		34,767	35,578
RETAINED PROFIT CARRIED FORWARD		333	34,767

Turnover and operating profit derive wholly from continuing operations. There were no recognized gains or losses for the period other than those included in the profit and loss account.

Page 8 of 15

ALBURY SPORTS CLUB LIMITED

BALANCE SHEET

For the Year Ended 31st March 2021

Notes	£ £ 2020/2021	£ £ 2020/2021	£ £ 2019/20	£ £ 2019/20
		£	£
Fixed Assets Tangible Assets 3 Current Assets		23,272		184,258
Debtors & Prepayments 4 Cash at Bank	0 21,566		2,744 32,671
	21,566		35,415
Total Assets		44,838		219,673
Current Liabilities
Accls & Defrd Income 5 Creditors	1,583 22,922		13,291 0
Total Liabilities	24,505		13,291
Total Assets less Current Liabilities		20,333		206,382
Long term Liabilities Deferred grant income Loan Capital and Reserves	0 20,000	333	171,615	34,767
Shareholders' Funds	333		34,767
Total		20,333		206,382

Page 9 of 15

ALBURY SPORTS CLUB LIMITED

BALANCE SHEET (CONTINUED)

For the Year Ended 31st March 2021

For the year ended 31st March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the period in question in accordance with Section 476.

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board on and signed on its behalf.

C Nunn

Director

Page 10 of 15

ALBURY SPORTS CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31st March 2021

1. ACCOUNTING POLICIES

1.1 Accounting convention

The financial statements are prepared under the historical cost convention, in accordance with the Financial Reporting standard for Smaller Entities (effective August 2008) and include the results of the company’s operations which are described in the Directors' Report.

The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2 Incoming Resources

All incoming resources are included in the Statement of Financial activities when the chirty is legally entiteld to theincome and the amount can be quantified with reasonable accuracy.

1.3 Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate costs related to the catergory. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of the resources.

1.4 Taxation

The charity is exempt from corporation tax on its charitable acitivites.

1.5 Fund Accounting

Unrestricted Funds can be used in accordance with the charitable objectives at the discretion of the trustees

Page 11 of 15

ALBURY SPORTS CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

For the Year Ended 31st March 2021

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021

There were no trustees' expenses paid for the year ended 31st March 2021 other than those charged as resources as expended under charitable activities

3. FIXED ASSETS

The fixed assets relate to the leashold property transferred from Albury Football and Cricket Club on 1 October 2015, as well as various Equipment and Plant & Machinery used within the Club.

The property was transferred at a nominal value of £1

4. DEBTORS AND PREPAYMENTS

4. DEBTORS AND PREPAYMENTS
Debtors & Prepayments 20/21	2021 £ 0
	0

Page 12 of 15

ALBURY SPORTS CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

For the Year Ended 31st March 2021

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2021	2020
	£	£
Trade Creditors	22,922	0
Accruals and Deferred Income	1,583	13,291

6. LIABILITY OF MEMBERS

Every member of the company undertakes to contribute to the assets of the company, in the event of the same being

wound up while they are a member, for payment of the debts and liabilities of the company contracted

before they cease to be a member, and of the costs, charges and expenses of winding up, and for the adjustment

of the rights of the contributors among themselves such amount as may be required, not exceeding ten pounds.

7. CHARITABLE COMPANY STATUS

The company is incorporated as a company limited by guarantee and not having share capital.

It is registered as a charity and is exempt from taxation.

Page 13 of 15

ALBURY SPORTS CLUB LIMITED

ADMINISTRATIVE EXPENSE ANALYSIS

For the Year Ended 31st March 2021
	2021	2020
Incoming Resources	£	£
Subscriptions, match and training fees	57,084	57,424
Fundraising (dinner dance)	9,218	6,654
Fundraising (cricket bbq/bar)	0	7,526
Fundraising (football camping weekend)	0	815
Other fundraising	0	448
Grant income	18,626	600
Grant income receivable for clubhouse project	8,000	0
Donations	2,222	2,852
Sponsorship income	0	1,150
Other income	442	389
Clubhouse Sales	1,661	0
Wildcats Income	721	0
Total incoming resources	97,974	77,858
Resources Expended
Subscriptions	3,625	3,889
Pitch hire	6,069	7,004
Costs of fundraising (dinner dance)	0	3,020
Costs of fundraising (cricket bbq/bar)	0	2,513
Match costs	2,050	2,370
Coaching	990	3,138
Equipment	5,806	4,504
Uniform	853	1,911
Office & Administration expenses	1,896	0
Accountancy fees	2,227	2,188
Rent, rates and insurance	4,068	4,788
Pavillion and equipment maintenance	587	971
Grounds maintenance	25,293	31,715
Training courses	329	3,380
Utilities	4,801	3,181
Other expenditure	349	589
Professional fees - lease renewal/clubhouse	6,065	3,078

Page 14 of 15

ALBURY SPORTS CLUB LIMITED

ADMINISTRATIVE EXPENSE ANALYSIS

Purchase Defibrillators Clubhouse Operating Costs Clubhouse Café/Bar Equipment Clubhouse Staff Costs Clubhouse Set up Expenditure Wildcats Expenditure Bank Fees Depreciation Total Resources Expended Net (Outgoing)/Incoming Resources For the Year Ended 31st March 2021	2021 2020 567 430 5,623 0 3,339 0 3,800 0 52,982 0 790 0 54 0 245 0 132,408 78,669
	-34,434 -811

Page 15 of 15

CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl mtmbers of ALUilq 3PORT5 CLU6 LIMITL31 On accounts for the year •nd¢d Chartty no (If any) 31 MARCH 2021 Sot out on pages I repjrt to the trustees on my examination of the accounts of the at)ve charity Ilhe Trust'} for the year ended51 05 202 I As the chartys trust88s, you are responsible for th8 pr6paratlon of the accounts In accordance w￿h the requirements of th9 Chariti85 Act 2011 Acr). Responslblltl•s and basls of roport I r8POrt in respect of my examlnatlon of the Trusl's accounts carrfed out Under section 145 of the 2011 Act and in Garyng out my examlnation. I have followed all the applicable Dlrertions given by the Charlty Commlsslon under sectlon 145(5Xb) of the Ad. Indepond•nl tThe examlner's 8tatemeni un ex ded£ ualifie min r of li plica 8 list ellrf I have COMp￿ted my examinailon. I confim that no materlèl matters have Come to my attent￿ in COnnec￿n wrth the examinalion {other than that disclosed bebow"> gives mè cause to beI￿ve that in. any mat8ri81 respect: the accountlng records were ncrt kept kn accordarKe with sectlon 130 of the Charities Art. or the accounts did not accord vAth the acca)unting records; or the accounts did not c(Mnply llh the applicable requirements conceming Ihe fomi and content of accounts sel out in th8 Charrties (Accounts and ReF4)rts) Regulations 2008 other Ihan 8ny requir8m8nt that the accounts gNe a Irue and falrf vlew whlch Is not a matter considered as part of an Indep8ndent examination. I have no corKems and have come across no otrer matters In connection with the examination to which attention should b& drawn in this report in order to enablè 8 proper understandirvJ of the accounts to be reached. dèlete e words in the brackets If they do not 8PPIy. Sign•d: Dat•: Nam•: Relevant professl¢)nal quallflutlon(s) or body IER Oct 2018

(If any): Address: IONCIGRCCNJ 6k2KI SHI1 AR￿. L14 Section B Disclosure Only complete rf the ekwniner needs to highlight material matters of concern (see CC32. Independent exam1r￿lon of charty accLKints: directions and guidance for eyaminers). Glvo h•ro brfof dolai18 of any Items that tho oxamlnerwishes to dlselos•. IER Oct 2018