**ALBURY SPORTS CLUB LIMITED** (A company limited by guarantee) 

## **Report and Financial Statements** 

## **Year ended: 31[st] March 2023** 

Charity no: 1154921 Company no: 08694361 



## **Contents 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 2023** 

The Trustees present their report and the financial statements for the year ended 31st March 2023. 

## **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 undertook a renovation of its clubhouse which 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. However, due to the outbreak of the Coronavirus pandemic, fundraising was unable to take place at this time. Fundraising has resumed since but more is still required. 

## **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 3[rd] October 2023 and signed on their behalf by: 


C Nunn Chairperson 

2 



ALBURY SPORTS CLUB LIMITED
ACCOUNTS
For the Year Ended 31st March 2023
Page l of 15

ALBURY SPORTS CLUB LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
For the Year Ended 31st March 2023
Page
Contents Page
Company Information
Directors, Report
4-5
Accountant's Report
6-7
Profit & Loss Account
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 IS

ALBURY SPORTS CLUB LIMITED
COMPANY INFORMATION
For the Year Ended 31st March 2023
Trustees
Directors
C Nunn
T Matthews
P Mace
Registered Address
Unit 3, The Dairy
Tilehouse Farm Offices
East Shalford Lane
Guildford
GU4 8AE
Company Registration Number
8694361
Company Secretary
Oakwood Cranleigh Limited
Bankers
Lloyds TSB
High Street
Guildford
Surrey
Oakwood Business Consultants
Unit 3, The Dairy
Tilehou5e Farm Offices
East Shalford Lane
Shalford
Guildford
Accountants
GU4 8AE
Page 3 of 15

ALBURY SPORTS CLUB LIMITED
DIREcfoRS' REPORT
For the Year Ended 31st March 2023
The Directors present their report and the financial statements of the Sports Club for
the year ended 31st March 2023.
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
DIREcfoR'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 affair5 of the company and of the
profit or1055 of the company for that period. In preparing those financial statements,
the director is required to:
selett suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
prepare the financial statement5 on the going concern basis unless it is inappropriate
to presume that the company will continue in busines5.
Page 4 of 15

ALBURY SPORTS CLUB LIMITED
DIREcfoRS' REPORT (CONTINUED)
For the Year Ended 31st March 2023
The direttors 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, REPORTTO THE DIRECTORS
For the Year Ended 31st March 2023
We have prepared the financial statements of Albury Sports Club Limited for the year
ended 31st March 2023 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 15 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 companvs direttors as a body, for our work, for this report, or
for the opinion5 we have formed.
Respective responsibilities of Directors and Accountants
As described in the Statement of Dirertors, Responsibilities the Company's Director5
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 Art 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 Director5, 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 DIREcfoRS
For the Year Ended 31st March 2023
As described on the balance sheet you are responsible for the compilation of the
accounts for the period ended 31st March 2023 set out on pages I to 15, and you
consider that the company is exempt from audit and a report under section 476 of the
Companies Att 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 2023 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.
onHth
Oakwood Business Consultants
Unit 3, The Dairy
Tilehouse Farm Offices
East Shalford Lane
Shalford
Guildford
GU4 8AE
25th October 2023
Page 7 ot 15

ALBURY5PORTS CLUB LIMITED
PROFIT AND LOSS ACCOUNT
For the Year Ended 315t March 2023
Notes
2022123
2021122
TURNOVER
202,606
168,761
Other income
Expenses
187,085
162,173
OPERATING PROFIT(LOSS)
15,521
6,588
TAXATION
PROFIT ON ORDINARY ACTIVITIES
AFfER TAXATION
15,521
6,588
R￿AINED PROFIT BROUGHT FORWARD
6,921
333
RETAINED PROFIT CARRIED FORWARD
22.442
6,921
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 2023
2022/23
2021/22
Notes
Fixed Assets
Tangible Assets
22,780
23,805
Current Assets
Debtors & Prepayments
Cash at Bank
1,825
34,126
35.951
50
9,303
9.353
Total Assets
58,731
33.158
Current Liabilities
Accls & Defrd Income
Creditors
342
21,947
320
7,917
Total Liabilities
22,289
8.237
Total Assets less Current Liabilities
36.442
24,921
Long term Liabilities
Deferred grant income
Loan
14,000
18,000
Capital and Reserves
22,442
6.921
Shareholders, Funds
22,442
6,921
Total
22,442
6,921
Page g of 15

ALBURY SPORTS CLUB LIMITED
BALANCE SHEET (CONTINUED)
For the Year Ended 31st March 2023
For the year ended 31st March 2023 the company was entitled to exemption under
section 477 of the Companie5 Act 2006 relating to small companies. No members have
required the company to obtain an audit of it5 accounts for the period in question in
accordance with Section 476.
The Directors acknowledge their responsibilitie5 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 provision5 applicable to
companies subject to the small companies regime.
The financial statements were approved by the board on
and signed on its behalf.
IL* 1012
Director
Page 10 of 15

ALBURYSPORTS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st March 2023
I. 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 (effertive August
2008) and include the results of the companvs operations which are described in the
Directors, Report.
The company has taken advantage of the exemption in Financial Reporting Standard
No. I 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
charity 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 2023
2. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustee5' remuneration or other benefits for the year ended
31 March 2023
There were no trustee5' expenses paid for the year ended 31st March 2023
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 l October 2015, as well as various
Equipment and Plant & Machinery used within the Club.
The propety was transferred at a nominal value of £1
4. DEBTORS AND PREPAYMENTS
2023
Debtors & Prepayments
1,825
1,825
Page 12 of 15

ALBURYSPORTS CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
For the Year Ended 31st March 2023
5. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Trade Creditors
Accruals and Deferred Income
21,947
342
7,917
320
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 pound5.
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 2023
2023
2022
Incoming Resources
Subscription5, match and training fees
Fundraising (dinner dance}
Interest Income
Hire of Clubhouse
Community Membership
Grant income
Grant income receivable for clubhouse projett
Donations
Sponsorship income
Other income
Clubhouse Sales
Wildcats Income
Total incoming resources
Resources Expended
Subscriptions
Pitch hire
Costs of fundraising (dinner dance)
Costs of fundraising (cricket bbq/bar)
Match costs
Coaching
Equipment
Uniform
Office & Administration expenses
Accountancy fees
Rent, rates and insurance
Pavillion and equipment maintenance
Grounds maintenance
Training courses
Utilities
Other expenditure
Professional fees - lease renewal/clubhouse
80,267
9,024
24
67,426
12,022
5,471
264
6,420
9,667
20,655
3,940
4,393
8,800
87,943
54,820
224
168.761
202.606
1,187
6,564
304
3,065
5,847
13,916
4,285
4,991
240
11,679
7,362
833
4,348
3,471
742
32,671
1,814
7,504
1,252
70
989
3,388
7,199
60
35,625
1,289
6,126
626
1,303
Page 14 of 15

ALBURY SPORTS CLUB LIMITED
ADMINISTRATIVE EXPENSE ANALYSIS
For the Year Ended 31st March 2023
2023
2022
Purchase Defibrillators
Clubhouse Operating Costs
Clubhouse Cafe/Bar Equipment
Clubhouse Staff Costs
Clubhouse Set up Expenditure
Completion of Clubhouse Project
Wildcats Expenditure
Bank & Finance Costs
Depreciation
Interest
Buildings Repairs & Maintenance
Registration Fees
Sponsorship Expenditure - Kits
Total Resources Expended
Net {Outgoing)]Incoming Resources
37,775
1,883
43,306
23,608
6,030
23,262
3,663
18,000
2,577
1,025
407
1,623
938
237
843
4,130
2,339
4,493
4,369
187,085 162,173
15.521
6.588
Page 15 of 15

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
ALBURY SPORTS CLUB LIMITED
On accounts for the year
ended
31 MARCH 2023
Charity no
lif any)
1154921
Set out on pages
I report to the trustees on my examination of the accounts of the above
harity (Yhe Trust") for the year ended 31103 12023.
Responsibilities and
basis of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
I'lhe Act").
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145{51{b) of the Act.
Independent
examiner's statement I have completed my examination. I confimi that no malerial matters have
come to my attention in connection with the examination which gives me
cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130
of the Charities Act., or
the accounts did not accord with the accounting records- or
the accounts did not comply with the applicable requirements
concerning the fomi and content of accounts set out in the Charities
(Accounts and Reports} Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concems and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding ofthe accounts lo be reached.
Signed:
Date:
2610112024
Name:
CAMILLA HILLS
Relevant professional
qualification{sl or body
(if any):
Address..
UNIT 3, THE DAIRY, TILEHOUSE FARM OFFICES, EAST SHALFORD
IER
Oct 2018

LANE, SHALFORD, GUILDFORD, GU4 8AE
Section B
Disclosure
Only complete if the examiner needs lo highlight material matters of concern
(see CC32, Independent examination of charity accounts.. directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
NONE TO DISCLOSE
IER
Oct 2018