REGISTERED COMPANY NUMBEIL. CE003732 (England rdnd Wales) REGISTERED CHARITY NUMBER: 1160939 REPORT OFTHE TRUSTEES AND iJNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024 FOR EDLESBOROUGH COMMUNITY SPORTS CLUB CIO Camfield Chaprnan tA>we 9a High Street Woburn Sands Milton Keynes MK17 8RF
EDLESBOROUGH COMMUNITY SPORTS CLUB Cto CONTENTS OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST MAY 2024 Page Report of the Trust I to 5 Independent Examiner's Report ststement of Financlal A¢tiFities Balance Sheet 8 to 9 Notes to the FinAncial Statements 10 to 15 Detailed Statement of Finantll Aetivitie8 16 to 17
EDLESBOROUGH COMMUNrrY SPORTS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 The trustees of the thty present their ryort with the fmallc statents of the chaTity for the year ended 3 1st May 2024. The tnteeS have adopted the provision of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparAn8 their aCcOts in accordance with UK Generally Accepted Accounting Practice (UK GAAP).
EDLESBOROUGH COMMiiNITY SPORTS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 Objectives and aims To furtber or benefit the residents of Edlesborougb and the surrounding neighbourh(XKls. Without distinction of sex, sexual orient2ti0ty rnce or of politi(xl. religious or other Opinio by associating together the said residents and the local authorities, voluntary and other opdanisations in a cornmon effort to advance education and to provide facilities in the interests of social welfare for recreation and leiwre titne cUpatIon with the objective of improving the conditions of life for the residents. In furtherance of these obJts but not otherwise the trust shall have the w)wer to atablish or wure a comtnunity pavilion and kn maintain, or manage, or ¢4)-operth with any stalutory authority in the njaintenance and management of such a building for a¢tAvities promoted by the cl)arity in furtberdnce of the above objects. A Community Facllity The trwstees, together with a significant nutnkn of voluDteu4 were able to IuC all our operations in pursuit of our objectives. The community building is leased from E(llesborough Parish Council and gives the Intrs the opportimity to ext¢nd the support to the local community. Our building is open throughout the day and into the evening. It provides a warni space together with changing room and shower facilities. When the spaces in the building are not booked for specific activities. the sEYaces continue to be used by people to cary out their work locally or for casual contscts. Energy consumption is a critical cost for the r[ttlng of the building. We continue to negotiat¢ fixed price contracts for g&8 and electricity as we believe this will give important sfability to our costs going forwards. The building has exr¢llent brothand facilities that are available to all. We provide a social spa¢e and encourage senior citizens to come together with the aim of reducing soctal isolation alld improving mentsl health. To foster this. we provided free soup and bread lunches on occasions. We itrtend to continue witb this into the future. The building is nle available to various local orgdnisations including EdlestrK)rough Parish Council, St Marys CarnÈvai Committee and local Scout Group. We also host a local cancer support llp. Growing the Communlty aetivitses The trustees, together with vohmteeTS. use social media and regular newsletters to encourage the growth of community activities with the building the b&se. To support our objectives furtber we welcomed and encouraged new conununity activities which included: We now have a regular sewing club, jewellery making class, art class and adult board games club. We continue to have an active Knitter & Natter group, monthly bingo and regular quiz nights. Provided funding and space for a group of our volunteers to provide children's activity weekends for national occasions su¢h as Halloween, Chrigtm#s and E>er. Live music nights have been pular with free entrance for melnbers. This offered a platforni for local musicians to develop their talents and repertoire. We have worked closely with the PRSTrPL licensing owisation to ensLue that we COLnply with the legal requirements. A suggestion and feedback scheme ¢olltinues to enable menthers to Comment on what is available or. more importantly what they would like to see happening. TTr review these in the Context of our objectives and amend or implement where possible. It is to the ¢redit of our members that we have many more proposals than we can implement. Maintaining and growing our volunteer force in the future is a key factor in our ability to itnplernent them. We bold volunteer feedback s¢&8ions to listen to our volunteers in an attempt to accommodate our members and offer a diverse range of activities for the community.
EDLESBOROUGH COMhtu SPORTS CLUB CIO REPORT OF IHE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 A home for other organisations Having estsblished a sound financial and operntional footing for our charity we continue to seek opportunities to bring activities of other organtsations and statutory bodies into the building. We have established an ongoing relationship with the local parish council and The South Central Ambulance Service NHS Foundation TTht to provide training in CPR and Defibrillator use when requesteiL We hav¢ continued to host the local MacmI charity allowing them to use our facklity for raising funds. Florence Nightingale Hospice Charity have also run a fillld-raising event in the pavilio We seek to do more of thÈs with otber Organisations in the future. We want to bnng tlw organis8tion& ¢lwitable, statutory and other health organisatio[ to our facility rather than loral resideDts having to travel miles to the major centres of FM)pulation. Sporting activities The building 5UPPOrts: EBLions football club that 25 teams of all ages for girls. iK)y4 women and men with the changtng rooms, showers and meeting facilities for coaches. Ediesborougb Tennis Club is active in participating in aSpts of the charity. not J8t the sport of tennis. Edlesborough Cricket Club host match&8 on a Saturday and last season a ladies team ststed Ing the factlities on Sundays. We also hosted Bu¢kingb3msh1 County Cricket Senior Mat¢bes. Our gym facilities have continued to attract new Mem1 and training is provided together with fithess progrdmmes designed to suit all ages over 18 and especially senior citizens. Organisation Our kitehen and bar activities are operated by a separate trading company and contioue to be sUccesSfi in bringing the ¢onlllluDity together. During this perio we also said a big thank you and goodbye to one of the founding trustee4 Alan Williatns, who had completed the maximum pernlittul terni of 9 yws. Alan provided much neeAled guidance and advice to the newer trustees and continues to provide supp)rt and help to the Chlty. In Conclusio we continue to look at n¢w Initiati and ways to provide supw)rt to our members and the Community that surrounds 8. Volunteers The charity is very dependent on the work of its volunteers. For this Teason, even though the structure of the cbarity suggests control by the ¢Thtees. the views of the Voluntee are frequently wnSUlt via meetings and other channels such as WbatsApp. A quarterty social gathering is organd for the volUnrS allows for a more infornial exchange of ideas. The trustees work to ¢nsure the workiug conditions for the volunteers are both safe and comforlable. particularly by ensuring their security in the buildi which b&s biomelTiC access control and CCTV. Th¢y are also insured within tbe charÉty's policy.
EDLESBOROUGH cOMTrIli SPORTS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 STrATEGIC REPORT Financial review- Reservey policy All thds are unrestricted and held in a General Reserve. The General Reserve stands at £62,554 (£46,496 2023). The Trustees believe tttht it is PTudent for the Clwity to build up and maintain specific funds to cov¢r the following: l. Building Reserves are required to cA)ver ongoing dilapidations and firture repairs. The pavilion is fairly new. having opened in 2021. but the Charity has a repairing lease, and the trleS consider tt necessary to build up a reserve against possible need. A figure re¢ommellded by a local surveyor suggested that £15,0 would be appropriate for a building of this value. No indiate expenditure has been identified so the intention is to build this fund up over a 10 year period by setting aside £1,500 per aDnunL It is three years since the pavilion opened so the cUent reserve sits at £4,500. The total figure requirf and the &ssociated amount put aside each year. will be reviewejj a]mually ill line with any works carried out and any wod(s identified for the tUtE. A dilapidations program will start shortly to enhance the internal appeardnce. 2. Gym Equipm¢nt Reserves are required to repla¢e th¢ current gym equipment as it reaches the end of its practical us¢. The gym repTescnts an important and sizeable part of the totsl Charity income and to ensure that this is maintained Èt is important we ensure that the gym equipment is kept at an acceptsble standard for the members. Any nwterial loss in gym membershlp numbers would have a detrimental impact on the Ckwity fJnan¢es. The current gym equipment has an estimated replaCemt value of £80.000 and life expectancy of 5-10 years, dependent upon the level of use. This reserve h&% been extended to include Catering Equipment which is in the balance sheet at £7,381. The Trustees originally proposed building up a reserve by putting aside £12,IM)O per annum and so far £24,000 has been sel aside. Due to the higher-than-expected expenditure on Specific Projects this reserve will only be increased by £5,000 at this time. The fund now sits at £28,060 after deductlng the pUrc1e cost of a new rowing ma¢bine. The level of the total fund. and associated amount put aside each year, will be reviewed annually depend¢nt upx)n the perceived wear and tear. expected life span and the pmje¢ted replacement C4)sÈ for each itenL 3. Specific Projects RerVeS were required to fund two projects that have beeD canied over since the pavilion opene but the Charity was obligated to complete. Firstly, the car park required a top surface, and we had estimates of approximately £14,(KK) for this work. The second project was to purchase and install a covered bicycle rnck for use by the pavilion members. We had estimates of approxinmtely £3,000. At the year c[ the bicycle rack had been purchased but was waiting to b¢ instslled. Both projth We completed during 2024 after the accounting year end at a total cost of £21.843 which will show in next year's accounts. The higher than budgeted cost was in part due to r&sing prices since the initial quotes and also revised specification for the car park also resulted in iticr&ed costs. No other signifirant projects or expenditure have beell identified or are planned for the foreseeable. Governing do¢ument The ¢h8rity is controlled by its goverDiDg documenL a deeAI of trusL Recrultment and appointment of trustees As required by the articles of the cbarity, new ttustees are apInted by the existing Trustees. Th¢ maximum penllitted number being 15. Before election a trstee rn8t confjrm in writing that tbey have read and understood the objectives of the charity and also various advice issued by the CILarity CouLtllissio Key management remuneratlon No employee received employee benefits (excluding employer pensions costs) of rn0 than £60,000. Remuneration band £0 - £io.000 £10.001- £20,(MX) £20,001- £30,IXM) £30,001- £40.000 £40,001- £50.000 £50.001- £60.000 Nurnber of ¢mployee8 Related parties Edlesborougb Community Sports Clllb C.l.O owns l(MP/o of the sllare capitsl of ECSC Trading Lrf At the year end Edlesbomugb Con)munity Sports Club CJ.O was owed £1,758 from ECSC Trading Ltd.
EDLESBOROUGH COmTrfuI SPORTS CLUB CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 REFERENCE AND ADMINISTRATIVE DETAIts Registered Company number 003732 (England and Wales) Registered Charity number 1160939 Registered office 5 The Pastures Edlesborougb Dunstable Bedfordshire LU6 2HL Trustees K H Holloway (resigned 1010712023) J W G Howells {r&signed 0110912023) S Brown (appointed 1211012022) K Meredith (appointed 1211012022) N Fox (appointed 2010412022) P HAn¢o¢k (appointed 1510312022) D P Johnstone (resigned OW0812023) A J R Williams (retired 17103r2024) M Plaats (appointed 0310712023) C Walter (appointed 0310712023) D Roberts (appointed 0310712023) D A Ferguson (appointed 0810112024) D FLyL (appointed 0110312024. tesigned 0210912024) J Woodcock (ap)inted 0911212024) Independent ExAwiner Chrkstopher Lowe FCA Camfield Chapman Lowe 9a High Street Woburn Sands Milton Keynes Buckinghamkn MK17 8RF STATEMENf OF TRUSTEES, RESPOIYSIBILfiIES The InteeS (who are also the directors of EdleslK)rougb Con)mut)ity Sports Club CIO for the puq)oses of company law) are responsible for prepating the Report of the TnteeS and the funCial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees t() prepare financial ststemellts for each financial year which give a true and fair view of the stste of affairs of the charitable company and of the incoming resouwes and application of resources. including the incollke and CXPCDditur¢, of tbe cllaritsble con]pany for that peri(Ml tn preparing those financial statements, the t1¢¢5 are required to select suitable accoullting policies and then apply them consistendy. observe the methods and PTinciples in the Cljarity SORP: make judgements and estiD]ates that are reasortable and prndenL prepare the fmancial statements on the going concern basis unless it is inappwriate to presutne that the clwitsble company will continue in business. The tnteeS are responsible ft)r keeping pn)per accounting records which disclose with reasonable accuracy at any time the fmaucial position of the charitable company and to enable them to ensure that the fiDall¢ial ststrments ¢omply with applicable law and United KiDgdom Accounting Standards (United Kingdom Generally Accepted Accoullting Practice).. They are also responsible for safeguarding the ets of the clwitable company and hence for takmg reasonabl¢ steps for the prevention and d¢tertioll of frdud alld Ot1 Itrcgulariti. Report of the trustees. incorpordting a strategic reporL approved by oId of the board of trustees, as the Company directors, 20 5 d signed on the board's behalf by: D Roberts-
INDEPENDENT EXA's REPORT TO THE TRUSTEES OF EDLESBOROUGH COMMUNITY SPORTS CLUB CIO Independent examin&s report to the trustees of Edlesborough Community Sw)rts Club CIO Cthe Company,) I report to the cknty tswtees on my exan)ination of the accounts of the Company for the year enda 3 1st May 2024. Responsibilities and basis of report As the clwity's ts1 of the Company (and algo its dire£tors for the purp)se8 of company law) you ate responsible for the preparation of the accounts in aco)rdan¢e with the requIellts of UK Generally Accepted Accounting Practice (UK GAAP) Having satisfied myself that the accounts of the Company are not required to be audlted 2nd are eligible for independent examinatio I rq)ort in respect of my exaMitiOn of your clwtty's accoutts cwied out under Section 145 of the Charities Act 2011 {Ihe 2011 Act?. In carrytug out my eXamItion I have follow the Directions given by the Chartty Commission under Section 145(5) (b) of the 2011 ACL Independent examinevs statement I have completed my examinatioL I ¢onfirni tb* no nmtters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of the Company: or 2. the a¢¢ouDts do not accord with those records" or 3. the accounts do not comply with the accowiting reqUirents of UK Generdlly Accepted A¢¢ounting Practice (UK GAAP) other than any requirement that the accounts give a ITue and fair view which is not a matter Considered as part of an independent exarnination. or 4. the accounts bave not been prepared in accordance with the methoÉts and principles of the Statement of Recommended Prdctice for accounting and reporting by Clwities (appli(le to cbarities preparing their accounts I have no ¢oncen)s and have come acro&8 no other D]atters in connection with the exan)ion to which attention should be drawn ill this report in ordff to enable a proper ullderstandiug of the accounts to be reached. Christopher Low¢ FCA The Institute of Chartered Accountants in EnglaDd and Wal&s Camfield Chapman Lowe 9a High Street Woburn Sands Milton Keynes Buckinghamshire MK17 8RS Date..
EDLESBOROUGH COMMuNfTY SPORTS CLUB CIO STATE1[[ OF FINANCIAL ACTivrrIES FOR THE YEAR EIYDED 31ST MAY 2024 2024 Unrestricted fimd 2023 Totsl funds Notes Donations and legacies 4,216 4,947 Other trading activities Investn]ent income 75,570 86 75.112 Total 79,872 110695 EXPENDITiSRE ON Raising fimds 729 170 63.085 Total 65.568 NET INCOME 16.058 45.127 RECONCILIATION OF FUNDS Total funds brought forward 46,496 1,369 TOTAL FUNDS CARRIED FORWARD 46.496 The notrs forni part of thase financial statements
EDLESBOROUGH cOMTrfu SPORTS CLUB CIO BALANCE SHEET 31ST MAY 2024 2024 Unrestricted fiu)d 2023 Totsl fi]nds Notes FIXED ASSETS Tangible &88ets tnv&stments 14,912 100 10.125 loo 15,012 10.225 CURRENf ASSETS Debtors Cash at bank 7,495 45.751 531 53,246 54,387 CREDrroRS AOnts fallmg thie within one year io (5,704) (18,116) NET CURREKf ASSETS TOTAL ASSETS LESS CURRENT LIABILfiiES 62,554 46,496 NET ASSETS 62,554 li Unrestricted fimds TOTAL FUNDS The ¢haritsble company is entitled to exemption from audit und¢T for the ye8r ended 31st May 2024. The men]bers have not requir the company to obtsin an audit of its financial statements for the year ended 3 1st May 2024. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply wilh the requirements of UK Generally Accepted Accounting Practice (UK GAAP) preparing financial statements which give a tn* and fair view of the state of affairs of the clwi'tsble company as at the end of each financial year and of its suq)lus or deficit for each finallcial year in accordance so far as applithle to the charitable conwany. (b) The not&s forni part of fllwicial statements
EDLESBOROUGH COmMUNf SPORTS CLUB CIO BALANCE SHEET- conthiued 31ST MAY 2024 These financial statements have been prq)aTed in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trust$ and authorised for issue on 3rd March 2025 and were siglled on its behalf by: D Roberts- Trustee C Walter- Tntee The notas forn] part of thtse fmancial statements
EDLESBOROUGH COMMUNTfY SPORTS CLUB CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024 ACCOIJNTING POLICIES Basis of preparing the fancEll statements The financial sratements of the charitable company have been pryared in accordance with Reporting by Chan'ties: Statement of Recommended Practice applicable to cbaTities preparing their accounts in accordance with UK Generally Accepted Accounting Principles (UK GAAP). The fÈn8ncial statements have been prepared under th¢ historical cost convention, with the exwtion of investtnents which are included at market value. Income alld grants All income is recogniscd in the Statement of Fijjancial Activities once the clwity has entiLi¢mellt to the funds. it is probable that the income will be re¢¢1Ve and the amount can be me&sured reliably. Expenditure Liabilities are recognised as expenditure as SLKin &$ there is a legal or ¢ODStnthve 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. Ewditure is accounted for on an accruals b&sis attd has been classified under headings that aggregate cost related to the category. Where costs cannot be direcdy attributed to partteular headings, dley have been allo(Y4ted to activities on a basis consistent with the use of SOUT8. Tangible ed assets Depreciation is provided at the following annual rat¢s in onkr to write off each asset over its estimated usefijl llfe. Improvements to property Fixtures and fittings Computer equiptllent 33% on cost 250/0 oll reducillg balance 33% on cost Taxatlon The CPlty is exempt from corporation tsx on its charitable activities. Fund accounting Unrestricted fimds can be used in ac¢ordance with the Chilable objectives at the discretion of the tnjstees. Restricted fimds can only be used for particular restricted within the objects of the charity. Restrictions arise when specified by the donor or when fimds are raised for restricted purposes. Pension costs and other post-retirement benefits The charitable company operdtes a defined Contribution pension scheme. Contributions payable to the charitable ¢ompanVs pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Audfitor remuneration Remuneration paid for the preparntion of the financial statements was £875 and for the independent review of the fncial slateEnents £960.
EDLESBOROUGH COMMuNfTY SPORTS CLUB CIO NOTES TO THE FINANcL STATEMITh . eolltinued FOR THE YEAR ENDED 31ST MAY 2024 2024 2023 Fundraising events Subscriptions Non-resident menthersbip Rents received 3,896 40,184 1.490 1,250 42,202 1,660 75,112 INVESTMENT INCOME 2024 2023 Dividends received Interest re1Vable 30,614 22 86 86 30,636 NET INCOMEI(EXPEM)fnJRE) Net incomel(expenditure} is stated after ckngingJ(cre4Jitillg): 2024 2023 Depreciation - owned assets Other operating leases 3.439 964 1,542 1,530 TRUSTEES, REMUNERATION AND BENEFrTs There were no trustees. remuneration or othff benefits for the y¢ar ended 3 1st May 2024 nor for the year ended 31st May 2023. Trustees, expenses There were no trustee exPn paid in the year ended 3 1st May 2024 nor for the year ended 3 1st May 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTJVITIES Unrestricted fund Dorthtions and legacies 4.947 Other frading activities Investment income 75,112 Total 110695 EXPENDITURE ON Raising funds 170 Other Totsl 65,568
EDLESBOROUGH COMMU SPORTS CLUB CIO NOTES TO THE FINANCIAL STATEMENTS. CODtinued FOR THE YEAR ENDED 31ST MAY 2024 cOmPARATEs FOR THE sfATEMEYJ T OF FINAF4CIAL ACTIVITIES. continued Unrestricted fimd NET INCOME 45,127 RECONCILIATION OF FUNDS Total fimds brought forward 1.369 TOTAL FUNDS CAIIIUED FORWARD 46.496 TANGIBLE FIXED ASSETS Improvements Fixtures Computer equipment fittings Totals COST At 1st June 2023 Additions 9.608 3,652 987 13,260 At 31st May 2024 11.532 DEPRECIATION At 1st June 2023 Charge for year 2.582 553 3,135 3.439 324 At 31st May 2024 324 4,151 2.099 NET BOOK VALUE At 3 1st May 2024 4.991 2.540 At 3 1st May 2023 7.026 10.125 FIXED A&SET INVESTMENTS Edlesborougb Community Six)its Club owns l(KP/o of the Sljare Capitsl of ECSC Trading Ltd. DEBTORS: AMOUN13 FALLING DUE THIN ONE YEAR 2024 2023 Trade debtors Amounts owed by group undertaki Prepayments and accnHI income 1,060 1,786 4,649 531 531
EDIISBOROUGH COMMuNrrY SPORTS CLiJB CIO NOTES TO THE FINANCIAL STATEMENTS- conthiMe41 FOR THE YEAR ENDED 31ST MAY 2024 io. 2024 2023 Trade creditors Amounts owed to group undertakin8S Other ¢r¢ditors Accrued expenses 2,859 4,162 7,026 3.430 2,845 5,704 11. MOVEMENT tN FUNDS Net nvement in fimds Transfers between funds At 3115124 At 116123 Unrestrirted funds Gen¢ral fund 46,496 16,058 62,554 TOTAL FUNDS Net movement in funds, Inclu in the above are as follows". Incoming Resources expended Movement in fimds Unrestricted funds General fund 79.872 (63,814) 16,058 TOTAL FUNDS 79.872 Comparatives for movement in fvnds Net movement in funds Transfers between fimds At 3115123 At li62 Unre5trRCted funds General fund 1.369 45.127 46,496 TOTAL FiJNDS 46.496
EDLESBOROUGH COMMiINITY SPORTS CLUB CIO NOTES TO THE FINANcL STATEMENTS . conthiued FOR THE YEAR ENDED 31ST MAY 2024 ii. MOVEMENT IN FUNDS. Condnued Compatative net nVernent in fund4 inchthl in the alx)ve are &8 follows: Incoming Resources Movement expended in funds Unrestrieted funds General fund 110,695 (65,568) 45,127 TOTAL FUNDS 110.695 65,568 A cUt year 12 months 2nd PTior year 12 months Coned position is &8 follows: Net movement in fimds Transf$ between fund At 3115124 At 116122 Unrestrleted fllnds General fund 1269 61.185 62,554 TOTAL FUNDS 1,369 61.185 62,554 A current year 12 months and prior year 12 montlL% Combin net movemeot in fund4 included in the above are as follows: Incoming resources Resources expended Movement in funds Uurestricted funds General fund 190,567 (129.382) 61,185 TOTAL FUNDS 190,567 (129 382) 12. RELATED PARTY DISCLOSURES The bar and food trade was historically moved into ECSC Tradillg Lt( a wholly owned subsidiary. At the year end Edlesborough Community Sports Club CIO was owed £1,768 by ECSC Trading Ltd.
EDLESBOROUGH COMMuNrrY SPORTS CLUB CIO NOTES TO THE FINANCIAL STATET8 . coDthiued FOR TIIE YEAR ENDED 31ST MAY 2024 13. RESERVES POLICY All fun(L8 are unrestricted and held in a General Reserve. The General Reserve stands at £62,554 {£46,496 2023). The Trnstees believe that it is prudent for the Charity to build up aDd maintsin specific fimds to cover the following.. l. Building Reserves are required to cover ongoing di14)idations and future repai. The pavilion is fairly new, having opened in 2021, but the Charity has a repairing Lease. and the tnteeS consider it necessary to bulld up a reserve against possible need. A figure recommended by a local surv¢yor suggested that £15,0(M) would be appropriate for a building of this value. No inllnediate expenditure has been identified w th¢ intentlon is to build this fund up over a 10 year period by setting aside £1,500 per annum. It is three years since the pavilion Open so the cumt reserve sits at £4.500. The total figure required, and the associated amount put &side eacb year, will be reviewed annually in line with any works carried out and any works identified for the future. A dilapidations program will stsrt shortly to enhance the internal 2. Gym Equipment Reseryes are required to replace the cumt gym equipment as It Teaches the end of its practical use. The gym represents an important and sizeable part of the total Charity income and to ensure that this is tnaintained it is important we enslwe that the gym equipment is kept at an acceptsble standard for the members. Any material loss in gym tnenthership numbers would have a detrimentsl impact on the Charity finance& The CUTr¢nt gym equipment h&8 an estimated replacement value of £80,000 and life expedaney of 5-10 years, dependent upon the level of use. This reserve has becn extended to include Catertng Equipment whicb is in the balance sheet at £7,381. The Trustees originally proposed building up a reserve by putting astde £12,OIK) w aDnum and so far £24,0(K) IMS been set &sÉde. Due to the bigber-than*xpected expenditure on Specific Projects this [re will only be Increas by £5,OW at this time. The fimd now sits at £28.060 after deducting the purchase cost of a new rowing macbtne. The level of the totsl fund. and assoGiat¢d amount put aside each year, will be reviewed annually dependent up)n the perceived wear and tear, expectea life span and the projected replacernent ¢ost for each ite 3. Specific Projects Reserves were required to fund two prOjts that have been carried over since the pavilion opene but the Charity was obligated to complete. Firstly. the car park required a top SLrface, and we had estimates of approxitnately £14,[ for this work The second project W&8 to purchase and install a covered bicycle rack for use by the pavilion menthers. We had estimatGg of approxIntelY £3,(KK). At the year end the bicycle rack had been purcbased but was waiting to be installed. Both projects were compl¢t¢d thIng 2024 af the accounting y¢ar end at a totsl ¢ost of £21,843 which will show in next year's accounts. The higber than budgeted cost was in part due to rising prices since the initial quotes and also revised specification for the caT park aIso resulted in increased costs. No other sigllificant projects or expenditure bave idenlified or are planDed for the foreseeable.
EDLKSBOROUGH COMhIUNrrY SPOR]S CLUB CIO DETAILED STATEMEKT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST My 2024 2024 2023 Donadons and legacies Donations 4,216 4,947 Other trading actfvities Fundraising events Subscriptions Non-resident membetthp Rents received 3,896 40,184 1,490 30.OIK) 1,250 42202 1.660 75,570 75,112 Investment income Dividends received Interest receivable 30,614 22 86 86 TotaI incoming resourees 79.872 110,695 EXPENDITURE Other tradlng acdvlties Event Costs 729 170 Support costs Management Wages Pensions Rent Rates and water Ligbt and heat Insurance Cleaning Waste disposal Consumables Repairs and maintenance Postage and stationery Advertising Telepbone subSlptiOns Consulting Sundries Gym running costs Training Refr¢sl]m¢nts tmprovetuents to property Fittillgs depreciation cbarge 17,693 791 25 469 15,905 1,405 10,368 1.240 675 1,436 402 121 1,037 4,660 540 164 25 912 16.724 1.945 12,813 1.355 407 3,593 227 129 1,338 6,131 540 387 2,965 474 109 324 1.139 51.967 58,070 This page does not forni pgrt of the statsitory fiDan¢ial statements
EDLESBOROUGH COMMiINfrY SPORTS CLUB CIO DETAILED STATEME OF FINANCIAL AcfivTfiES FOR THE YEAR ENDED 31ST MAY 2024 2024 2023 Management Finance CAF fees Bank charges 146 964 401 I,iio 1,931 InforniY4tlon tsebnology Computer Costs Computer depreciation ¢barge 4,307 3,194 403 5,853 3,597 Governance costs Accountancy and legal fees 4,155 Total resources expended Net Income This page does not forni part of the statutory financial statements