Charity number: 1159209
SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
CONTENTS
Page
Reference and administrative detsils of the ¢harity, its Irustees and advisers
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
9-16

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Mr Charles Sanders, Chairman
Mrs Trish McLaren, Treasurer
Mr Paul Brian Middleton
Mr Christopher James Moy
Charity registered number
1159209
Principal office
Weybourne Road, Sheringham, Norfolk, NR26 8WD
Accountants
Larking Gowen LLP, 80 Grove Lane, Holt, Norfolk, NR25 6ED
Page 1

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truslees present their annual report together with the financial ststements for the year ended 31
December 2024.
The Trustees confirm that the Annual Report and financial statements of the charily comply with the current
statutory requirements, the requirement of the chartiy's govering document and the provisions of the
Statement of Recommended Pratice (SORP) FRS102.
Stru¢ture, governance and management
. CONSTITUTION
The Sheringham and District Sports Association became a re9lStered charity on 14 November 2014. Prior to
this date a seperate not for profit organisation carried out the same activities. On 14 November 2014 all
assets, liabilities and operations were transfered to the charity for £nil consideration and from there on the
8¢titivites have been undertaken by the charity.
The registered charity number is 1159209.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Truslees who are elected and co-opted under the
terms of the Trust deed.
c. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Trustees regularly review the risks to which the company may be exposed and can confirm that systems
are in place to mitigate those risks. The principal risk is financial although there is a furth8r risk associated
with the reputation of Sheringh8m & District Sports Association. It is essential to maintain the latter if
fundraising is to be successful.
Objectlves and Actlvltles
. POLICIES, OBJECTIVES AND PUBLIC BENEFIT
Sheringham & District Sports Association has the following objectives..
To promote for the benefit of the inhabitants of Sheringham and District the provision of facilities for
recreation or other leisure time occupation of individuals who have need of such facilities by reason of their
youth, age, infirmity or disablement, financial hardship or social and economic Gircumslances or for Ihe public
at large in the interests of social welfare and wth the objective of improving the conditions of life of the said
inhabitants.
Achievements and performance
a. GOING CONCERN
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to
adopt the going concem basis in p￿parIng the financial statements. Further details regarding the adoption of
the going concern basis can be found in the Accounting Policies.
Page 2

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
TRUSTEES. REPORT (¢onlinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
b. REVIEW OF ACTIVITIES
Sheringham & District Sports Association is solely involved in the provision of sports facilities for
thecommunity of Sheringham and its immediate district. The charity is non-profit making and every penny
eamed is reinvested into either the upkeep of both the grass areas for primarily football and cricket. or for the
creation of a sinking fund for replacement of the Multi use games area when the time Comes. The facility is
also the recreation ground for the town and surrounding area. The clubhouse and changing rooms also have
to be maintained and cleaned etc to provide users with changing facilities and toilets and a social area to
entertain opponents and spectstors etc.
In prior years, the association has successfully raised sufficient funds to provide a new £150,000 multi
usegames area and new disabled aGGess ramps and railings costing over £70,000 to the clubhouse to make
itfully inclusive as well as providing two open fully accessible verandas for viewing matches. Currently we
have over 200 young people and well over 100 adults regularly playing sport on our site and we hope to
Gontinually improve the facilities to attract even greater use.
The association also provides additional indoor facilities for the local community with activities such as dance,
fitness, and for community interest groups.
Flnanclal review
a. RESERVES POLICY
The Trustees continue to monitor the level of reserves on a regular basis. At the period end the reserves
totalled £128,888 12023 £139,148) which is made up of unrestricted funds of £27,946 (2023 £18,357), and
restricted funds of £100,942 12023 £120,791). Free reserves, being unrestricted funds not represented by
fixed assets, amount to £21,758 {2023 £11,072>. There is no target level of reserves.
Plans for future perlods
a. FUTURE DEVELOPMENTS
In the next year we will be concentrating on continued rna1ntenan￿ of all the facilities and continuing to build
funds for the eventual replacement of the multi use games area carpet when it is time expired.
We wtll also be continuing the ongoing general maintenance of clubhouse and grounds to ensure long life and
good playing surfatss for the future. With over 200 young people and 100 plus adults regularly playing sport
on the site, we hope lo be able to continually improve the facilities to attract even greater use and additional
sports. We are also pleased to have attracted a new walking football group to the facility and will look to
encourage even greater and more diverse use of the facilities going forward.
The association has long term ambitions to improve the clubhouse to enable it to be a rn0￿ diverse and
inclusive facility increasing the range of activities, as well as making the premises more energy efficient and
environmentally sustainable and a useful community social facility.
DISTRIBUTION OF INCOME AND ASSETS
The income and property of Sheringham & District Sports Association shall be applied solely towards the
promotion of its objects. None of the income and property of Sheringham & District Sports Association may
be distributed lo its members.
Page 3

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES. RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance
w¢th appliGable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements 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 of the charity for that period. In preparing these financial statements.
the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charity wll continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain
the charity's transactions and disclose wth reasonable accuracy at any time the financial position of the
charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the
Charity (Accounts and Reports) Regulations 2008 and the provisions of the twsl deed. They are also
responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the
prevention and detection of fraud and other irregularities.
Mrc
Page 4

**SHERINGHAM AND DISTRICT SPORTS ASSOCIATION** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHERINGHAM AND DISTRICT SPORTS ASSOCIATION (the 'charity')** 

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024. 

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. 

## **RESPONSIBILITIES AND BASIS OF REPORT** 

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the charity'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 2011 Act. 

## **INDEPENDENT EXAMINER'S STATEMENT** 

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Actand in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do 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. 

Page 5 



**SHERINGHAM AND DISTRICT SPORTS ASSOCIATION** 

## **INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024** 

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. 

Signed: Dated: 19 August 2025 

Christopher Yeates FCA DChA 

Larking Gowen LLP, 80 Grove Lane, Holt, Norfolk, NR25 6ED 

Page 6 



SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Charitable activities
30,993
30,993
74.777
TOTAL INCOME
30,993
30,993
74,777
EXPENDITURE ON:
Charitable activities
21,404
19,849
41,253
97,767
TOTAL EXPENDITURE
21,404
19,849
41,253
97.767
NET INCOME I (EXPENDITURE) BEFORE
TRANSFERS
NET MOVEMENT IN FUNDS
9,589
9,589
(19,849)
(19,849)
(10,260)
(10,260)
(22, 990)
(22, 990)
RECONCILIATION OF FUNDS:
Total funds brought forward
18,357
120,791
139,148
162. 138
27,946
100,942
128,888
139, 148
TOTAL FUNDS CARRIED FORWARD
The notes on pages 9 to 16 form part of these financial statements.
Page 7

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
Investments
104,112
125,057
104,114
125, 059
CURRENT ASSETS
Debtors
Cash at bank and in hand
1,082
24,279
870
13,598
25,361
74,468
CREDITORS: amounts falling due within
one year
($87)
(379)
NET CURRENT ASSETS
24,774
14,089
NET ASSETS
128,888
139. 148
CHARITY FUNDS
Restricted funds
Unrestricted funds
100,942
27,946
120,791
18.357
TOTAL FUNDS
128,888
139, 148
The financial statements were approved by the Trustees on
and signed on their behalf, by..
The notes on pages 9 to 16 form part of these financial statements.
Page 8

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities {A¢counts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fail view. This departure has involved following the Charities SORP {FRS 1021 published on
16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 ￿1¢h has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant notes to these
accounts. The financial statements have been prepared in accordance wilh the Statement of
Recommended Practi￿.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland
(FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
Sheringham and District Sports Association constitutes a public benefit entity as defined by FRS
102.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tsx recoverable in relation to investment income is recognised at the time the investment
income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party. it is probable that a transfer of economic benefits wll be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one
activity and support costs which are not attributable to a single activity are apportioned between
those activities on a basis consistent with the use of resources. Central staff costs are allocated on
the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Charitable activities and Governance costs are costs incurred on the charity's educational
operations, including support costs and costs relating to the governance of the Gharity apportioned
to charitable activities.
Page 9

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.4 Tangible fixed assets and depreciation
All assets costing more than £100 are capitslised.
A review for impaimient of a fixed asset is carried out if events or changes in circumstances
indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls be￿een the
Carrying value of fixed assets and their recoverable amounts are recognised as impairments.
Impairment losses are recognised in the Statement of financial activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the followng bases-
L￿erM Leasehold Propety
Fixtures & fittings
15 years Straight line
15 /¢ Reducing balance
1.5 Investments
Fixed asset investments are a form of financial instwment and are initially recognised at their
transaction cost and subsequently rneasu￿d at fair value at the Balance sheet date, unless fair
value cannot be measured reliably in which case it is measured at cost less impairment.
Investment gains and losses, whether realised or Un￿alISed, are combined and shown in the
heading 'Gainsl(lossesl on investments. in the Statement of financial activities.
This fixed asset investment figure is made up of the share capital that the charity has as the main
subscriber to the associated company, Sheringham Sports and Social Club Ltd.
1.6 Interest receivable
Inlerest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity. this is normally upon notification of the interest paid or payable by the Bank.
1.7 Debtors
Trade and olher debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments wth a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Page 10

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event. it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that
the charity anticipates it wll pay to settle the debt or the amount it has received as advanced
payments for the goods or servi￿$ it must provide. Provisions are measured at the best estimate
of the amounts required to settle the obligation. Where the effect of the time value of money is
material, the provision is based on the present value of those amounts, discounted at the pre-tax
discount rate that reflects the risks specific to the liability. The unwnding of the discount is
recognised within interest payable and similar charges.
1.10 Flnancial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic f inancial
instruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value wth the exception of bank loans ￿lch are
subsequently measured at amortised cosl using the effective interest method.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the dis¢￿tIOn of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance wth specific restrictions imposed by
donors or ￿1¢h have been raised by the charily for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
INCOME
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Ground rent from user groups
Ground hire to external parties
Donations and grants received
Bank interest
Insurance claim
14.950
11,028
4,752
263
14.950
11,028
4,752
263
7,870
4, 830
47,286
197
14.594
30,993
30.993
74. 777
Total 2023
30, 777
44, 000
74, 777
Page11

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITABLE ACTIVITIES
Total
2024
Total
2023
Ground maintenance
Insurance
Rent and rates
Lighl and heat
Cleaning
Repairs and maintenance
Sundry expenses
Donations
Depreciation
Bank Charges
6,324
4,114
812
4,609
1,924
1,164
1,284
12,403
3.398
1.458
6,487
1,741
17,575
709
32,000
21,914
82
20,944
78
41,253
97.767
Tot812023
97, 767
The above expenditure is split £21,404 unrestricted funds and £19,849 restricted funds. In 2023 the split was
£45,138 unrestricted funds and £52,629 restricted funds.
NET INCOMEI(EXPENDITURE)
This Is stated after charging:
2024
2023
Depreciation of tangible fixed assets:
- owned by the charity
20,944
21,914
During the year, no Trustees received any remuneration {2023- £NIL).
During the year, no Trustees received any benefits in kind {2023 - £NIL).
During the year, no Trustees received any reimbursement of expenses (2023 - £NIL).
Key management personnel remuneration for the year was £NIL (2023 - £NIL ).
There were no related party transactions in either current or prior period.
Page 12

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TANGIBLE FIXED ASSETS
Lrrerm
Leasehold
Property
Fixtures &
fittings
Total
Cost
At 1 January 2024 and 31 December 2024
231,730
107,859
339,589
Depreclatlon
At 1 January 2024
Charge for the year
143,311
15,449
71,221
5,496
214,532
20,945
At 31 December 2024
158,760
76,717
235,477
Net book value
At 31 December 2024
72,970
31,142
104,112
At 31 December 2023
88,419
36, 638
125,057
FIXED ASSET INVESTMENTS
Shares in
group
undertakings
Cost
At 1 January 2024 and 31 December 2024
Subsidiary undertakings
The followng were subsidiary undertakings of the company:
2024 Profit 2024 Net assets
Name
Holding
100%
Sheringham Sports and Social Club Ltd
4,532
4,311
Name
Sheringham Sports and Social Club Ltd
Business
Operating a bar
Registered office
80 Grove Lane, Holt,
Norfolk, United Kingdom,
NR25 6ED
Page 13

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DEBTORS
2024
2023
Prepayments and accrued income
1,082
870
CREDITORS: Amounts falling due wlthln one year
2024
2023
Accruals and deferred income
587
379
Page 14

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31
December
2024
Balanee al
1 January
2024
Income Expenditure
Unrestricted funds
General Funds
18,357
30,993
(21,404)
27,946
Restrlcted funds
Restricted Funds
120,791
(19,849)
100,942
Total of funds
139,148
30,993
(41,253)
128,888
The restricted fund represents the net book value of the charity's property of £72,973 floodlights
purchased with restricted funds of £24,953 and an amount left over from donations for floodlights
amounting to £3,016.
STATEMENT OF FUNDS- PRIOR YEAR
Balance at
37
December
2023
Balance at
1 January
2023
Income Expenditure
General Funds
32,718
30, 777
(45, 138)
18,357
Restricted funds
Restricted Funds
129,420
44,000
(52.629)
120, 791
Total of funds
162,138
74, 777
(97,767)
139, 148
Page 15

SHERINGHAM AND DISTRICT SPORTS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
6,186
97.926
104,112
22,345
1587)
3,016
25,361
1587)
27,946
100,942
128,888
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
7, 283
117,775
125, 058
11.451
(379)
3,016
14,467
(379)
18,357
120, 791
139, 148
Page 16