REGISTERED COMPANY NUMBER: 08560536 (England and Wales) REGISTERED CHARITY NUMBER: 1160368
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2023
for
Cribbs Sports & Social Club Limited
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
Cribbs Sports & Social Club Limited
Contents of the Financial Statements for the Year Ended 30 June 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Cribbs Sports & Social Club Limited
Report of the Trustees for the Year Ended 30 June 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation for the public at large with the object of improving their conditions of life.
Volunteers
The charity is run by volunteers who are not entitled for remuneration.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing documents, Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08560536 (England and Wales)
Registered Charity number
1160368
Registered office
The Lawns Station Road Henbury Bristol BS107TB
Trustees
R Hetherington S Hartley
Independent Examiner
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
COMMENCEMENT OF ACTIVITIES
Cribbs Sports & Social Club Limited started its charitable activities on 1 July 2013 by using the sports facilities at Bristol owned by the Friends Life insurance company under a 10 year leasing agreement. The company inherited the assets and liabilities of the sports club from previous owner Friends Life insurance company with the objective of promoting sports in the local community and thereby improve the quality of life of the local public.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ R Hetherington - Trustee
Page 1
Independent Examiner's Report to the Trustees of Cribbs Sports & Social Club Limited
Independent examiner's report to the trustees of Cribbs Sports & Social Club Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (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 Company 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
N A Dando, FCA
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
Date: .............................................
Page 2
Cribbs Sports & Social Club Limited
Statement of Financial Activities
for the Year Ended 30 June 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 18,600 Other trading activities 2 36,915 Total 55,515 EXPENDITURE ON Charitable activities Football Club 47,186 Other 40,999 Total 88,185 NET INCOME/(EXPENDITURE) (32,670) RECONCILIATION OF FUNDS Total funds brought forward 105,182 TOTAL FUNDS CARRIED FORWARD 72,512 |
2022 Total funds £ 9,185 46,585 |
|---|---|
| 55,770 | |
| 42,222 45,991 |
|
| 88,213 | |
| (32,443) 137,625 |
|
| 105,182 |
The notes form part of these financial statements
Page 3
Cribbs Sports & Social Club Limited
Balance Sheet
30 June 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 52,486 CURRENT ASSETS Stocks 7 4,000 Debtors 8 373 Investments 9 100 Cash at bank and in hand 10 19,076 23,549 CREDITORS Amounts falling due within one year 11 (3,523) NET CURRENT ASSETS 20,026 TOTAL ASSETS LESS CURRENT LIABILITIES 72,512 NET ASSETS 72,512 FUNDS 12 Unrestricted funds 72,512 TOTAL FUNDS 72,512 |
2022 Total funds £ 66,123 4,000 25,819 100 22,276 |
|---|---|
| 52,195 (13,136) |
|
| 39,059 | |
| 105,182 | |
| 105,182 | |
| 105,182 | |
| 105,182 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
R Hetherington - Trustee
.............................................
S Hartley - Trustee
The notes form part of these financial statements
Page 4
Cribbs Sports & Social Club Limited
Notes to the Financial Statements for the Year Ended 30 June 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant and machinery | - 15% on reducing balance basis |
|---|---|
| Fixtures and fittings | - 15% on reducing balance basis |
| Sports equipment | - 20% on reducing balance basis |
| Computer equipment | - 33.33% on reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| Hire of sports facilities Astro pitch hire Events income Football club |
2023 £ 1,624 6,816 303 28,172 36,915 |
2022 £ 2,920 12,170 9,198 22,297 |
|---|---|---|
| 46,585 |
Page 5
continued...
Cribbs Sports & Social Club Limited
Notes to the Financial Statements - continued
for the Year Ended 30 June 2023
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 13,637 | 12,642 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 9,185 |
| Other trading activities | 46,585 |
| Total | 55,770 |
| EXPENDITURE ON | |
| Charitable activities | |
| Football Club | 42,222 |
| Other | 45,991 |
| Total | 88,213 |
| NET INCOME/(EXPENDITURE) | (32,443) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 137,625 |
| TOTAL FUNDS CARRIED FORWARD | 105,182 |
Page 6
continued...
Cribbs Sports & Social Club Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Leasehold | Fixtures | |||
| property | Plant and | and | ||
| improvement | machinery | fittings | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 July 2022 and 30 June 2023 | 84,851 | 15,713 | 42,415 | |
| DEPRECIATION | ||||
| At 1 July 2022 | 52,315 | 5,250 | 20,765 | |
| Charge for year | 8,485 | 1,570 | 3,248 | |
| At 30 June 2023 | 60,800 | 6,820 | 24,013 | |
| NET BOOK VALUE | ||||
| At 30 June 2023 | 24,051 | 8,893 | 18,402 | |
| At 30 June 2022 | 32,536 | 10,463 | 21,650 | |
| Sports | Computer | |||
| equipment | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 July 2022 and 30 June 2023 | 6,534 | 3,004 | 152,517 | |
| DEPRECIATION | ||||
| At 1 July 2022 | 5,359 | 2,705 | 86,394 | |
| Charge for year | 235 | 99 | 13,637 | |
| At 30 June 2023 | 5,594 | 2,804 | 100,031 | |
| NET BOOK VALUE | ||||
| At 30 June 2023 | 940 | 200 | 52,486 | |
| At 30 June 2022 | 1,175 | 299 | 66,123 | |
| 7. | STOCKS | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Stock | 4,000 | 4,000 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Trade debtors | - | 8,410 | ||
| Other debtors | 3,242 | - | ||
| Inter-company account | (2,869) | 13,216 | ||
| Prepayments | - | 4,193 | ||
| 373 | 25,819 |
Page 7
continued...
Cribbs Sports & Social Club Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
| 9. CURRENT ASSET INVESTMENTS Shares in group undertakings 10. CASH AT BANK AND IN HAND Cash in hand - Football club Santander account Natwest account (FC) Total 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Credit card Accrued expenses 12. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.7.22 £ 105,182 105,182 Incoming resources £ 55,515 55,515 At 1.7.21 £ 137,625 137,625 |
||
|---|---|---|---|
Page 8
continued...
Cribbs Sports & Social Club Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,770 | (88,213) | (32,443) |
| TOTAL FUNDS | 55,770 | (88,213) | (32,443) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.21 £ 137,625 137,625 |
Net movement in funds £ (65,113) (65,113) |
At 30.6.23 £ 72,512 |
|---|---|---|---|
| 72,512 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 111,285 | (176,398) | (65,113) |
| TOTAL FUNDS | 111,285 | (176,398) | (65,113) |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023.
Page 9
Cribbs Sports & Social Club Limited
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| for the Year Ended 30 June 2023 | |||
| 2023 | 2022 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Subscriptions & memberships | 3,210 | 4,237 | |
| Donation from subsidiary | 15,390 | 4,948 | |
| 18,600 | 9,185 | ||
| Other trading activities | |||
| Hire of sports facilities | 1,624 | 2,920 | |
| Astro pitch hire | 6,816 | 12,170 | |
| Events income | 303 | 9,198 | |
| Football club | 28,172 | 22,297 | |
| 36,915 | 46,585 | ||
| Total incoming resources | 55,515 | 55,770 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Ground maintenance | 17,676 | 18,408 | |
| Football club expenses | 29,510 | 23,814 | |
| 47,186 | 42,222 | ||
| Support costs | |||
| Management | |||
| Rates and water | 5,306 | 4,648 | |
| Insurance | 1,105 | 2,067 | |
| Light and heat | 5,414 | 8,182 | |
| Telephone & internet | 586 | 594 | |
| Postage and stationery | 162 | 134 | |
| Sundries | 1,413 | 261 | |
| Repairs | 903 | 3,579 | |
| Computer & software charges | 170 | 78 | |
| Rent | 10,446 | 11,944 | |
| Accountancy costs | 1,530 | 1,849 | |
| Cleaning | 327 | 13 | |
| 27,362 | 33,349 | ||
| Finance | |||
| Depreciation of tangible fixed assets | 13,637 | 12,642 | |
| Total resources expended | 88,185 | 88,213 | |
| Net expenditure | (32,670) | (32,443) |
This page does not form part of the statutory financial statements
Page 10