## 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