ALBURY SPORTS CLUB LIMITED (A company limited by guarantee)
Report and Financial Statements
Year ended: 30[th] June 2024
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
The Dairy Tilehouse Farm Offices, East Shalford Lane, Shalford, Surrey, GU4 8AE
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 30[th] June 2024
The Trustees present their report and the financial statements for the year ended 30[th] June 2024.
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 and cricket for 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 30[th] June 2024 and signed on their behalf by:
C Nunn Chairperson
2
Companies House Registration number: 08694361 Charity number: 1154921
ALBURY SPORTS CLUB LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024
Oakwood Cranleigh Limited
Albury Sports Club Limited Contents
| Page | |
|---|---|
| Company Information | 1 |
| Accountant's Report | 2 |
| Income and Expenditure Account | 3 |
| Balance Sheet | 4 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 5—6 |
| Notes to Accounts | 7-9 |
Albury Sports Club Limited Company Information For the Period 1 April 2023 to 30 June 2024
Trustees Mr Timothy Matthews Mr Paul Mace Mr Carl Nunn Ms Emily Bourke Secretary 08694361 Company Number Registered Office The Dairy, Tilehouse Farm Offices East Shalford Lane Guildford Surrey GU4 8AE Accountants Oakwood Cranleigh Limited The Dairy Tilehouse Farm Offices East Shalford Lane, Shalford Surrey GU4 8AE
Page 1
Albury Sports Club Limited Accountant's Report For the Period 1 April 2023 to 30 June 2024
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the Trustees in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at period ended 30 June 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Oakwood Cranleigh Limited The Dairy Tilehouse Farm Offices East Shalford Lane, Shalford Surrey GU4 8AE
Page 2
Albury Sports Club Limited Income and Expenditure Account For the Period 1 April 2023 to 30 June 2024
| TURNOVER Other income Staff costs Depreciation and other amounts written off assets Other charges NET SURPLUS |
30 June 2024 £ 250,268 27 (60,288) (1,391) (188,294) 322 |
31 March 2023 £ 202,582 24 (43,306) (1,025) (142,754) |
|---|---|---|
| 15,521 |
Page 3
Albury Sports Club Limited Balance Sheet As At 30 June 2024
| 30 June | 31 March | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Fixed assets | 22,709 | 22,780 |
| Current assets | 54,954 | 35,951 |
| Prepayments and accrued income | 5,595 | - |
| Creditors: Amounts Falling Due Within One Year | (3,165) | (21,277) |
| NET CURRENT ASSETS | 57,384 | 14,674 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 80,093 | 37,454 |
| Creditors: Amounts Falling Due After More Than One Year | (49,669) | (14,000) |
| Accruals and deferred income | (7,660) | (1,012) |
| NET ASSETS | 22,764 | 22,442 |
| RESERVES | 22,764 | 22,442 |
Notes
1. General Information
Albury Sports Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08694361. The registered office is The Dairy, Tilehouse Farm Offices, East Shalford Lane, Guildford, Surrey, GU4 8AE.
2. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 3)
3. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 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 micro-entity provisions. On behalf of the board
Mr Carl Nunn Trustee 19/03/2025
Page 4
Albury Sports Club Limited Detailed Income and Expenditure Account For the Period 1 April 2023 to 30 June 2024
| TURNOVER Training Fees Clubhouse Sales Donations Hire of Clubhouse Fundraising (Dinner Dance) Other Income Investment Income Sponsorship Income Non-volunteering Donations Registration & Match Fees Grants and subsidies received Other trading income OTHER INCOME Interest receivable and similar income STAFF COSTS Wages and salaries DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS Depreciation OTHER CHARGES Premises expenses: Rent, Rates & Insurance Clubhouse Project Grounds Renovation Light and heat Building Repairs & Maintenance Grounds Maintenance General administration costs: Clubhouse Cafe & Bar Equipment Repairs, renewals and maintenance Printing, postage and stationery Advertising and marketing costs Registration Fees Training seminars and workshops Cost of Fundraising (Dinner Dance) Sponsorship Expenditure Telecommunications Accountancy fees Professional fees Referee Fees Sundry Costs Subscriptions |
30 June 2024 £ £ 3,015 115,328 23,742 4,619 8,449 535 (75) 1,412 2,800 87,029 3,414 - 250,268 27 250,295 60,288 (60,288) 1,391 (1,391) 1,647 - 15,643 11,776 881 17,412 47,359 189 1,296 - 44 5,529 2,205 11,896 1,516 984 5,995 70 4,785 900 2,882 |
30 June 2024 £ £ 3,015 115,328 23,742 4,619 8,449 535 (75) 1,412 2,800 87,029 3,414 - 250,268 27 250,295 60,288 (60,288) 1,391 (1,391) 1,647 - 15,643 11,776 881 17,412 47,359 189 1,296 - 44 5,529 2,205 11,896 1,516 984 5,995 70 4,785 900 2,882 |
31 March 2023 £ £ - 87,943 4,393 5,471 9,024 - - 8,800 - 80,267 6,420 264 202,582 24 202,606 43,306 (43,306) 1,025 (1,025) 3,471 18,000 - 7,504 843 32,671 62,489 1,883 742 63 - 4,493 1,814 304 4,369 770 4,348 70 4,285 - 1,187 ...CONTINUED |
|---|---|---|---|
| 60,288 1,391 1,647 - 15,643 11,776 881 17,412 |
43,306 1,025 3,471 18,000 - 7,504 843 32,671 |
||
| 250,295 (60,288) (1,391) |
|||
| 47,359 | 62,489 | ||
| 189 1,296 - 44 5,529 2,205 11,896 1,516 984 5,995 70 4,785 900 2,882 |
1,883 742 63 - 4,493 1,814 304 4,369 770 4,348 70 4,285 - 1,187 |
Page 5
Albury Sports Club Limited Detailed Income and Expenditure Account (continued) For the Period 1 April 2023 to 30 June 2024
| Bank charges Clubhouse Sales Expenses Coaching Cost of Clubhouse Sales Equipment Other Expenditure Pitch Hire Contribution for Development Funds Interest payable and similar charges: Bank interest payable NET SURPLUS |
2,954 2,198 535 36,349 7,032 125 12,416 40,669 |
(188,294) |
2,577 - - 37,775 7,362 1,252 6,564 - |
(142,754) |
|---|---|---|---|---|
| 140,569 | 79,858 | |||
| 366 | 407 |
|||
| 322 | 15,521 |
Page 6
NOTES TO THE ACCOUNTS
For the year ended 31st March 2024
1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
1.2 Going Concern
The accounts have been prepared on a going concern basis.
1.3 Change of accounting policy or to accounting estimates
The accounts present a true and fair view and no changes have been made to the accounting policies adopted.
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
1.4 Material prior year errors
No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).
2 Accounting policies
2.1 Income
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources;
-
the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Page 7
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Page 8
2.2 Expenditure and Liabilities
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
2.3 Assets
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year. They are valued at cost.
Page 9
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ ALBURY SPORTS CLUB LIMITED members of On accounts for the year 30 JUNE 2024 Charity no 1154921 ended (if any) Set out on pages 1-2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 / 06 / 2024 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the 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(5)(b) of the Act. Independent The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of Certified Public Accountants Association. I have completed my examination. I confirm that no material 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 form 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 concerns 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 of the accounts to be reached. ~~4~~ Signed: Date: 28/02/2025 ~~dh sd [|~~ Name: JANE BRIGGS ~~(~~ Relevant professional CERTIFIED PUBLIC ACCOUNTANTS ASSOCIATION qualification(s) or body (if any): Address: UNIT 3, THE DAIRY, TILEHOUSE FARM OFFICES, EAST SHALFORD LANE, SHALFORD, GUILDFORD, GU4 8AE
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of NONE TO DISCLOSE any items that the examiner wishes to disclose .