Villagers Community and Sports Foundation
Charity number 1161711
Annual Report and Financial Statements
for the year ended 31 May 2022
Libertas Accounting & Advisory
1
Villagers Community and Sports Foundation
Charity number 1161711
Annual Report and Financial Statements
for the year ended 31 May 2022
| Contents | Page |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 7 |
Libertas Accounting & Advisory
Villagers Community and Sports Foundation
Trustees' report for the period ended 31 May 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report were approved were: Name
Brendan O'Meara Damian Ball Margaret Rooke Paul Owen
Charity Number
1161711
Registered and principal address
Bankers
4 Kings Drive Santander UK plc Bramhope 2 Triton Square Leeds Regent's Place LS16 9JP London NW1 3AN
Accountants
Libertas Accounting & Advisory
475 Otley Road Adel Leeds LS16 7NR
Structure, governance and management
The charity is governed by a constitution adopted on 18 May 2015.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
Objectives and activities
The charity's objects
The promotion of community participation in healthy recreation for the benefit of the inhabitants of Bramley and surrounding areas by the provision of facilities for playing football, boxing and rugby league, and such other sports or games as the trustees decide which are capable of promoting health by involving physical or mental skill or exertion.
The charity's main activities
To promote for the benefit of the inhabitants of Bramley and the surrounding area 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 circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
Page 3
Villagers Community and Sports Foundation
Trustees' report (continued) for the period ended 31 May 2022
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission's general guidance on public benefit and in particular the advancement of health or saving of lives.
Achievements and performance
This year was one of recovery and trying to gain momentum and encourage people back into the habits they were akin to prior to the pandemic. Progress was stop/startish and relatively slow but none the less on the whole it was positive and going in the right direction. Participation numbers for young adults bounced back to high levels however activity attendance and usage numbers of the elderly was significantly lower than pre-pandemic. The number of larger social gatherings increased and this was assumed to be becaue of postponements from the pandemic. As an organisation the resources available for the trustees to invest in the facilities and programme of activities is being negatively impacted by rising levels of inflation coupled with significant cost of living increases.
Financial review
The net outgoing resources for the year were £0.00 including net outgoing resources of £0.00 on unrestricted funds and net incoming resources of £0 on restricted funds.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £4,752.
The trustees do not have a reserves policy.
Signed on behalf of the board of trustees:
Signed: ……………………………………………… Date: …………………………
Name: ……………………………………………… (Trustee)
Page 3
Villagers Community & Sports Foundation Statement of Financial Activities for the period ended 31 May 2022
| Notes Income from: Sales and fees Donations Grants Total Income Expenditure on: Refurbishment Depreciation Total Expenditure Net Incoming / (outgoing) resources Fund balances brought forward Fund balances carried forward |
2022 Unrestricted funds £ 160 - - 160 - 655 655 (495) 7,869 7,374 |
2022 Restricted funds £ - - - - - - - - - |
2022 Total funds £ 160 - - 160 - 655 655 (495) 7,869 7,374 |
2021 Total funds £ - - 2,500 2,500 |
|---|---|---|---|---|
| 2,500 819 3,319 |
||||
| (819) 8,688 7,869 |
Page 5
Villagers Community & Sports Foundation Balance Sheet
as at 31 May 2022
| Notes Fixed assets Air Conditioning Units (6) Total fixed assets Current assets Cash at bank and in hand (2) Total current assets Current liabilities: amounts falling due within one year Creditors and accruals (3) Total current liabilities Net current assets / (liabilities) Total assets less liabilities Funds Unrestricted funds Restricted funds Total funds |
2022 Unrestricted £ 2,622 2,622 4,752 4,752 - - 4,752 7,374 7,374 7,374 |
2022 Restricted £ - - - - - - - - |
2022 Total £ 2,622 2,622 4,752 4,752 - - 4,752 7,374 7,374 7,374 |
2021 Total £ 3,277 3,277 |
|---|---|---|---|---|
| 4,592 4,592 |
||||
| - - |
||||
| 4,592 | ||||
| 7,869 | ||||
| 7,869 | ||||
| 7,869 |
The financial statements were approved by the board of trustees on …………………………………………………
Date:
…………………………………….
Signed: ……………………………………. (Trustee)
Name: …………………………………….
Page 6
Villagers Community and Sports Foundation
Notes to the accounts
for the period ended 31 May 2022
1 Accounting policies
Basis of accounting
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) and the Charities Act 2011.
There has been no change to the accounting policies since last year. No changes have been made to the accounts for the previous years.
Fixed assets and depreciation.
Fixtures and fittings are depreciated at 20% reducing balance.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charit earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out the resources.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Page 6
Villagers Community and Sports Foundation
Notes to the accounts continued
for the period ended 31 May 2022
| 2 Cash at bank and in hand Santander Current Account 3 Creditors and accruals Accruals |
2022 £ 4,752 4,752 2022 £ 0 0 |
2021 £ 4,592 |
|---|---|---|
| 4,592 | ||
| 2021 £ 0 |
||
| 0 |
4 Trustee expenses
No trustee received any expenses during the year.
5 Related party transactions
There were no related party transactions during the year.
| WDV as at | WDV as at | |||||
|---|---|---|---|---|---|---|
| **6 ** | Fixed assets | Cost | 31.5.21 | Additions | Depreciation | 31.5.22 |
| Air Conditioning Units | 10,000 | 3,277 | 655 | 2,622 |
Page 7