Warrington Town in the Community Ltd
Charity No. 1156068
Company No. 07151083
Trustees' Report and Unaudited Accounts
31 July 2021
Warrington Town in the Community Ltd Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Warrington Town in the Community Ltd Trustees Annual Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07151083
Charity No. 1156068
Registered Office
5 Waterfront Drive Warrington WA4 1GH
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
W.J. Carr (Resigned 31 December 2020) T.T. Macormac K. Read R.A. Sutton
Independent Examiner
Ian Lloyd F.C.A Styles and Co JFC Limited 473 Warrington Rd Culcheth Warrington Cheshire WA3 5QU
OBJECTIVES AND ACTIVITIES
The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit. We have referred to this guidance when reviewing our aims and objectives and in planning our future activities.
The objects and principal activities of the charity are:
1) The promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of football.
Page 2
Warrington Town in the Community Ltd Trustees Annual Report
2) To act as a resource for young people up to the age of 25 living in Warrington, Cheshire East, St Helens and the surrounding area by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: -advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; -advancing education; -relieving unemployment; -providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth ,age ,infirmity or disability ,poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
ACHIEVEMENTS AND PERFORMANCE
The Corona Virus pandemic effectively closed all operations within the year. We have used this time to plan ahead and once restrictions are lifted we are hoping that our projects to get people active will once again restart. Our target in the first instance will be our over 50’s projects as we feel the pandemic will have affected them for long periods and outdoor activity will help. Our Community Police station project is still ongoing and once again after the pandemic we hope to see this come to fruition.
FINANCIAL REVIEW
During the year ended 31 July 2021 the charity made a surplus of £23,578 (2020: £1,803). At 31 July 2021 the charity had reserves of £25,996 (2020: £2,418).
The charity is dependant upon the continued support of Warrington Town Football Club Limited.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity appoint and recruit new trustees based on the expertise that they can offer.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Toby Macormac T.T. Macormac Trustee signed on 04/05/2022, 09:41:54 BST 29 April 2022
Page 3
Warrington Town in the Community Ltd Independent Examiners Report
Independent Examiner's Report to the trustees of Warrington Town in the Community Ltd
I report to the charity trustees on my examination of the accounts of Warrington Town in the Community Ltd for the year ended 31 July 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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.
Ian Lloyd F.C.A Chartered Accountant Styles and Co JFC Limited 473 Warrington Rd Culcheth Warrington Cheshire WA3 5QU 29 April 2022
Page 4
Warrington Town in the Community Ltd Statement of Financial Activities
for the year ended 31 July 2021
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Other 6 Total Expenditure on: Charitable activities 7 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2021 £ 21,231 12,858 4,185 |
Total funds 2021 £ 21,231 12,858 4,185 |
Total funds 2020 £ 9,139 7,916 1,743 |
|---|---|---|---|
| 38,274 14,696 |
38,274 14,696 |
18,798 16,995 |
|
| 14,696 - |
14,696 - |
16,995 - |
|
| 23,578 - |
23,578 - |
1,803 - |
|
| 23,578 | 23,578 | 1,803 | |
| 23,578 2,418 |
23,578 2,418 |
1,803 615 |
|
| 25,996 | 25,996 | 2,418 |
Page 5
Warrington Town in the Community Ltd Summary Income and Expenditure Account
for the year ended 31 July 2021
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2021 £ 38,274 38,274 14,696 - 14,696 23,578 23,578 |
2020 £ 18,798 |
|---|---|---|
| 18,798 | ||
| 16,718 277 |
||
| 16,995 | ||
| 1,803 | ||
| 1,803 |
Page 6
Warrington Town in the Community Ltd Balance Sheet
at 31 July 2021
| Company No. 07151083 Notes 2021 £ Fixed assets Tangible assets 9 2,060 2,060 Current assets Cash at bank and in hand 30,865 30,865 Creditors:Amount falling due within one year 10 (6,929) Net current assets 23,936 Total assets less current liabilities 25,996 Net assets excluding pension asset or liability 25,996 Total net assets 25,996 The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds 25,996 25,996 Reserves 11 Total funds 25,996 |
2020 £ 831 |
|---|---|
| 831 8,517 |
|
| 8,517 (6,930) |
|
| 1,587 2,418 |
|
| 2,418 | |
| 2,418 | |
| 2,418 | |
| 2,418 | |
| 2,418 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2021 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 29 April 2022
And signed on its behalf by:
Toby Macormac
signed on 04/05/2022, 09:41:54 BST T.T. Macormac
Trustee 29 April 2022
Page 7
Warrington Town in the Community Ltd Statement of Cash flows for the year ended 31 July 2021
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash (used in)/from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2021 £ 23,578 271 (1) 23,848 (1,500) (1,500) - 22,348 8,517 30,865 30,865 30,865 |
2020 £ 1,803 277 (3,025) |
|---|---|---|
| (945) - |
||
| 1,743 | ||
| - | ||
| 798 | ||
| 9,462 | ||
| 10,260 | ||
| 8,517 | ||
| 8,517 |
Page 8
Warrington Town in the Community Ltd Notes to the Accounts
for the year ended 31 July 2021
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
-
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts.
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any independent examination fees.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Page 9
Warrington Town in the Community Ltd Notes to the Accounts
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 10% straight line Motor vehicles 25% reducing balance Fixtures and fittings 25% straight line
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
Warrington Town in the Community Ltd Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Charitable activities Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations 5 Income from charitable activities Facility Hire Grants |
Unrestricted £ 21,231 21,231 Unrestricted £ 10,533 2,325 12,858 |
Unrestricted funds 2020 £ 9,139 7,916 1,743 18,798 16,995 16,995 1,803 1,803 1,803 615 2,418 Total 2021 £ 21,231 21,231 Total 2021 £ 10,533 2,325 12,858 |
Total funds 2020 £ 9,139 7,916 1,743 |
| 18,798 16,995 |
|||
| 16,995 | |||
| 1,803 | |||
| 1,803 | |||
| 1,803 615 |
|||
| 2,418 | |||
| Total 2020 £ 9,139 |
|||
| 9,139 | |||
| Total 2020 £ 7,836 80 |
|||
| 7,916 |
Page 11
Warrington Town in the Community Ltd Notes to the Accounts
6 Other income
| CJRS income 7 Expenditure on charitable activities Expenditure on charitable activities Salaries/wages Pension costs Staff training Travel & subsistence Rent Premises repairs and maintenance Depreciation of motor vehicles Depreciation of fixtures and fittings Bank charges Equipment repairs & maintenance Sundry expenses Support costs Independent examination fee |
Unrestricted £ 4,185 4,185 |
Total 2021 £ 4,185 4,185 |
Total 2020 £ 1,743 |
|---|---|---|---|
| 1,743 | |||
| Unrestricted £ 10,461 127 - - - 1,206 208 63 26 - 625 1,980 14,696 |
Total 2021 £ 10,461 127 - - - 1,206 208 63 26 - 625 1,980 14,696 |
Total 2020 £ 10,418 129 1,044 395 316 2,208 277 - 94 368 - 1,746 |
|
| 16,995 |
8 Support costs
The charity’s support costs and governance cost in the year amounted to £1,980 (£1,746) and relate to the Independent Examiner’s fee.
Page 12
Warrington Town in the Community Ltd Notes to the Accounts
9 Tangible fixed assets
| Cost or revaluation At 1 August 2020 Additions At 31 July 2021 Depreciation and impairment At 1 August 2020 Depreciation charge for the year At 31 July 2021 Net book values At 31 July 2021 At 31 July 2020 10 Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
Land and buildings £ 75,493 - |
Motor vehicles £ 3,000 - 3,000 2,169 208 2,377 623 831 2021 £ 5,520 1,409 6,929 |
Fixtures and fittings £ - 1,500 1,500 - 63 63 1,437 - |
Total £ 78,493 1,500 |
|---|---|---|---|---|
| 75,493 | 79,993 | |||
| 75,493 - |
77,662 271 |
|||
| 75,493 | 77,933 | |||
| - | 2,060 | |||
| - | 831 | |||
| 2020 £ 5,520 1,410 |
||||
| 6,930 | ||||
| 11 Movement in funds Unrestricted funds: General funds Total funds 12 Analysis of net assets between funds Fixed assets Net current assets |
At 1 August 2020 2,418 |
Incoming resources (including other gains/losses) £ 38,274 38,274 |
Resources expended £ (14,696) (14,696) Unrestricted funds £ 2,060 23,936 25,996 |
At 31 July 2021 £ 25,996 |
| 2,418 | 25,996 | |||
| Total £ 2,060 23,936 |
||||
| 25,996 |
Page 13
Warrington Town in the Community Ltd Notes to the Accounts
13 Reconciliation of net debt
| Cash and cash equivalents Net debt |
At 1 August 2020 £ |
Cash flows £ |
At 31 July 2021 £ |
|---|---|---|---|
| 8,517 | 22,348 | 30,865 | |
| 8,517 8,517 |
22,348 22,348 |
30,865 | |
| 30,865 | |||
| 14 Commitments 2021 2021 Pension commitments 2021 £ The pension cost charge to the company amounted to: - 15 Related party disclosures Transactions with related parties Name of related party Warrington Town Football Club Limited Description of relationship between the parties A company with mutual directors Description of transaction and general amounts involved During the year ended 31st July 2021 Warrington Town in the Community Ltd received a donation of £20,000 (2020:£8,000) from Warrington Town Football Club Limited Amount due from/(to) the related party Controlling party |
2020 2021 £ (5,520) |
2020 2020 £ 129 |
|
| 2020 £ |
|||
| (5,520) | |||
The trustees believe that there is no one controlling party.
Page 14
Warrington Town in the Community Ltd Detailed Statement of Financial Activities
for the year ended 31 July 2021
| Income and endowments from: Donations and legacies Donations Charitable activities Facility Hire Grants Other CJRS income Total income and endowments Expenditure on: Charitable activities Salaries/wages Pension costs Staff training Travel & subsistence Rent Premises repairs and maintenance Depreciation of motor vehicles Depreciation of fixtures and fittings Bank charges Equipment repairs & maintenance Sundry expenses Governance costs Independent examination fee Total of expenditure on charitable activities Total expenditure Net gains on investments Net income Net income before other gains/(losses) |
Unrestricted funds 2021 £ 21,231 21,231 10,533 2,325 12,858 4,185 4,185 38,274 10,461 127 - - - 1,206 208 63 26 - 625 12,716 1,980 1,980 14,696 14,696 - 23,578 23,578 |
Total funds 2021 £ 21,231 21,231 10,533 2,325 12,858 4,185 4,185 38,274 10,461 127 - - - 1,206 208 63 26 - 625 12,716 1,980 1,980 14,696 14,696 - 23,578 23,578 |
Total funds 2020 £ 9,139 |
|---|---|---|---|
| 9,139 | |||
| 7,836 80 |
|||
| 7,916 | |||
| 1,743 | |||
| 1,743 | |||
| 18,798 10,418 129 1,044 395 316 2,208 277 - 94 368 - |
|||
| 15,249 | |||
| 1,746 | |||
| 1,746 | |||
| 16,995 16,995 - |
|||
| 1,803 | |||
| 1,803 |
Page 15
Warrington Town in the Community Ltd Detailed Statement of Financial Activities
| Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
23,578 2,418 25,996 |
23,578 2,418 25,996 |
1,803 |
|---|---|---|---|
| 615 | |||
| 2,418 |
Page 16
Signatures' technical details
Signatures
toby@warringtontownfc.co.uk
04/05/2022, 09:41:54 BST
Fingerprint
82c7f22ec7cd0432f20fb5783e652c4b5af26b54
Event log
10.50.10.12829/04/2022, 12:21:41 BST
Signing request created.
System29/04/2022, 12:21:43 BST
Notification sent to toby@warringtontownfc.co.uk.
System04/05/2022, 09:41:43 BST
Signing page opened by signee toby@warringtontownfc.co.uk.
System04/05/2022, 09:41:54 BST
Signee toby@warringtontownfc.co.uk signed document.
System04/05/2022, 09:41:55 BST
Signing process completed.
Summary
Envelope's ID:1om0h7hn
Document's hash:f159f6188a90d542ae30adab1ff2054e4f8830bbe0c3d7324a052f7bc27be962
Final stamp:04/05/2022, 09:41:57 BST
----- Start of picture text -----
Verification QR Code
----- End of picture text -----