Villagers Community and Sports Foundation
Charity number 1161711
Annual Report and Financial Statements for the year ended 31 May 2023
Libertas Accounting & Advisory
1
Villagers Community and Sports Foundation
Charity number 1161711
Annual Report and Financial Statements
for the year ended 31 May 2023
| 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 2023
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 2
Villagers Community and Sports Foundation
Trustees' report (continued) for the period ended 31 May 2023
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Cha Commission's general guidance on public benefit and in particular the advancement of health or saving of liv
Achievements and performance
Overall this has been the toughest year on record and on reflection is just such an incredible achievement by all of our staff and volunteers to have kept the club in existence and remaining in the community. We have been impacted enormously by inflation and the cost of living crisis. Put simply this has resulted in lower than usual attendances and for those that have made it through the door, staying for shorter amounts of time and not being able to contribute as much. The biggest challenge of all has been funding the energy costs of the building where our contract renewal price for both gas and electric has risen substantially due to the effects of the Ukraine war. The club is looking at energy efficient heating systems and is hopeful of securing a match funding grant from the WYCA to help fund this. Larger events and social gatherings are helping to retain viability. It has been a huge eye opener to witness just how vital what we do is for people in the community when times are at their most difficult.
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 £4,812.
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 2023
| 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 |
2023 Unrestricted funds £ - 60 - 60 - 524 524 (464) 7,505 7,041 |
2023 Restricted funds £ - - - - - - - - - |
2023 Total funds £ - 60 - 60 - 524 524 (464) 7,505 7,041 |
2022 Total funds £ 160 - - |
|---|---|---|---|---|
| 160 | ||||
| - 524 |
||||
| 524 | ||||
| (364) 7,869 |
||||
| 7,505 |
Page 4
Villagers Community & Sports Foundation Balance Sheet
as at 31 May 2023
| 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 |
2023 Unrestricted £ 2,098 2,098 4,812 4,812 - - 4,812 6,910 7,041 7,041 |
2023 Restricted £ - - - - - - - - |
2023 Total £ 2,098 2,098 4,812 4,812 - - 4,812 6,910 7,041 7,041 |
2022 Total £ 2,622 |
|---|---|---|---|---|
| 2,622 | ||||
| 4,752 | ||||
| 4,752 | ||||
| - | ||||
| - | ||||
| 4,752 | ||||
| 7,374 | ||||
| 7,869 | ||||
| 7,869 |
The financial statements were approved by the board of trustees on ………………………………………
Date:
…………………………………….
Signed: …………………………………… (Trustee)
Name: …………………………………….
Page 5
Villagers Community and Sports Foundation
Notes to the accounts
for the period ended 31 May 2023
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 charit becomes entitled to the resources, the trustees are virtually certain they will receive the resources a 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 the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the c 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 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 whic relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the genera 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 2023
| 2 Cash at bank and in hand Santander Current Account 3 Creditors and accruals Accruals |
2023 £ 4,812 4,812 2023 £ 0 0 |
2022 £ 4,752 |
|---|---|---|
| 4,752 | ||
| 2022 £ 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 | 31.5.22 | Additions | Depreciation | 31.5.23 |
| Air Conditioning Units | 10,000 | 2,622 | 524 | 2,098 |
Page 7