Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
**Charity number: 1164922**
## **WHITLEY BAY SPORTING CLUB**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MAY 2024**
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9 - 22|
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024**
|**Trustees**|E Garrick (resigned 15 October 2023)|
|---|---|
||C Milnes|
||R Nixon, Chair|
||O Robson, Treasurer|
||S Davidson|
||D Morrison (appointed 3 December 2023)|
||C Coughlin (appointed 3 December 2023)|
|**Charity registered**
**number**
1164922
**Principal office**
24 Hepscott Drive
Whitley Bay
NE25 9XJ
**Accountants**
Ryecroft Glenton
Statutory Auditors
Chartered Accountants
32 Portland Terrace
Newcastle upon Tyne
NE2 1QP
**Bankers**
Barclays Bank Plc
Percy Street
Newcastle upon Tyne
Tyne and Wear
NE1 4QL||
Page 1
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2024**
The Trustees present their annual report together with the financial statements of the Charity for the yearyear 1 June 2023 to 31 May 2024.
## **Objectives and activities**
## **Policies and objectives**
The charitable objectives of the CIO are to promote community participation for healthy recreation for the public benefit by the provision of facilities and coaching for the playing of football.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **Main achievements of the Charity**
The club has continued to grow in terms of teams, players and coaches, with over 900 players and 68 teams for the 2023-24 season. The largest increase has been with our female set-up, whilst we were delighted to also be able to establish our first Woman’s senior team – our very own ‘Lionesses’ squad. This was a real landmark moment for the club, and even more proud was the fact that it was made up almost entirely of girls who came through our junior teams.
The highlight of the year was perhaps surprisingly off the pitch, with two of our coaches winning the prestigious Northumberland FA awards of regional coach and female coach of the year. We were honoured that, of all the clubs in the region, we were able to collect both the awards in the same season.
Having previously been awarded a pitch maintenance grant, following our open sessions (which were held at our home of Monkseaton High School for the first time), improvement work started on the pitches, with the long-term goal of converting the grass field to actual quality playing pitches. At this point we were completely unaware of what the winter was about to throw our way!
Summer camps were also held at Monkseaton High School, around the pitch maintenance work, to ensure players remained fit and healthy. This was also a good revenue source for the club, at a time when we receive no membership payments.
In the autumn months, we began walking football sessions for the first time, for both male and female and it was great to see so many people signing up to take part.
Winter brought poor weather and, as a result, unfortunately many postponed games. During this period, however, our coaches, players and parents rallied together to once again support the collection of an amazing number of items for the local foodbank.
As the season drew to a close, there was success on the pitch with various trophies for league and cup competitions, whilst it was great to see one of our mixed teams together with three of our girls’ team fly out to Barcelona to participate in an international football tournament.
Work also continued on the establishing of the Hub at Monkseaton High School, which we intend to have up and running during the 2024-25 season in order to be able to sell hot and cold drinks as well as snacks on a matchday.
Page 2
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024**
## **Financial review**
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Reserves policy**
The calculation of free reserves is based on the definition included in the charity statement of recommended practice (SORP), which provides recommendations for accounting and reporting for charities. The trustees have examined the requirements of the charity to hold free reserves - those reserves not invested in tangible fixed assets, excluding long term liabilities, or designated for a particular purpose. The Trustees considered it would be appropriate to hold the equivalent of three month's expenditure which would equate to holding between £40,000 - £50,000 in free reserves.
At the year end, free reserves were £64,461 (2023: £58,485). The Trustees intend to use this surplus to increase the charities activities and where possible continue to increase reserves gradually for greater financial flexibility in future years.
## **Finance Review**
During the year the Club's accounts recognise income totalling £283,352 and expenditure totalling £273,776 resulting in an overall surplus of £9,576 (2023: £24,235).
At the year end, the net asset position of the club was £108,429 (2023: £98,853).
## **Pay policy for Key Management Personnel**
The board do not consider there to be any key management personnel other than the the trustees themselves.
## **Fundraising policy**
The charity is required to report how it deals with fundraising from the public. The charity does not use a professional fundraiser or commercial participator to raise funds. Any monies received direct from the public follows all guidelines set out by the Charity Commission and UK law in every respect. We respect the privacy and contact preferences of all public donors.
## **Structure, governance and management**
## **Constitution**
The charity was incorporated on 17 December 2015 and established under the constitution of a CIO, that established the objects and powers that govern the operation of the charity. The only voting members are its charity trustees.
Page 3
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024**
## **Structure, governance and management (continued)**
## **Methods of appointment or election of Trustees**
Appointment of new trustees is a matter for the board identifying prospective candidates who have an interest in Whitley Bay Sporting Club and appropriate skills to complement those already available at board level or to fill any perceived deficiency as it arises.
## **Organisational structure**
The overall management of the charity is completed by the trustees themselves. The board have proved effective in managing what has been a successful year in terms of delivery and development of our core charitable objectives.
## **Policies adopted for the induction and training of Trustees**
The new trustees are given copies of relevant paperwork and documentation to ensure that they understand the constitution of the charity and its activities, they are invited to meet with the Chair of Trustees.
Page 4
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 19 September 2024 and signed on their behalf by:
## **O Robson**
Page 5
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2024**
## **Independent examiner's report to the Trustees of Whitley Bay Sporting Club ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed: Dated: 19 September 2024
Jon Routledge FCA
Ryecroft Glenton 32 Portland Terrace Newcastle upon Tyne, NE2 1QP
Page 6
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
6
Other income
7
**Total income**
**Expenditure on:**
Charitable activities
8
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**20,198**
**-**
**-**
**-**
**20,198**
**17,402**
**17,402**
**2,796**
**10,368**
**2,796**
**13,164**|**Unrestricted**
**funds**
**2024**
**£**
**600**
**223,758**
**740**
**38,056**
**263,154**
**256,374**
**256,374**
**6,780**
**88,485**
**6,780**
**95,265**|**Total**
**funds**
**2024**
**£**
**20,798**
**223,758**
**740**
**38,056**
**283,352**
**273,776**
**273,776**
**9,576**
**98,853**
**9,576**
**108,429**|_Total_
_funds_
_2023_
_£_
_14,580_
_220,607_
_155_
_17,763_
_253,105_|
|---|---|---|---|---|
|||||_228,870_
_228,870_|
|||||_24,235_|
|||||_74,618_
_24,235_
_98,853_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 22 form part of these financial statements.
Page 7
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **BALANCE SHEET AS AT 31 MAY 2024**
|**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
16
Unrestricted funds
16
**Total funds**|**8,970**
**95,587**
**104,557**
**(6,249)**|**2024**
**£**
**10,121**
**10,121**
**98,308**
**108,429**
**108,429**
**13,164**
**95,265**
**108,429**|_3,826_
_86,124_
_89,950_
_(6,863)_|_2023_
_£_
_15,766_|
|---|---|---|---|---|
|||||_15,766_
_83,087_|
|||||_98,853_|
|||||_98,853_|
|||||_10,368_
_88,485_|
|||||_98,853_|
The financial statements were approved and authorised for issue by the Trustees on 19 September 2024 and signed on their behalf by:
## **O Robson**
The notes on pages 9 to 22 form part of these financial statements.
Page 8
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **1. General information**
The charity is a charitable incorporated organisation, a registered charity in England and Wales. The address of the registered office is 24 Hepscott Drive, Whitley Bay, Tyne and Wear, NE25 9XJ.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Whitley Bay Sporting Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The Trustees have considered the financial position for the next twelve months and concluded that the charity should be able to continue in operational existence for that period. The charity has strong positive cash balances and is forecasting for this to continue to be the case. The Trustees remain confident that the uncertainties do not cast significant doubt on the charity's ability to continue as a going concern.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income includes photograph commission income and the sale of merchandise. The income is recognised within the financial statements on receipt of the income into the clubs bank account.
Page 9
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Equipment 3 - 5 years straight line Assets under construction - Not depreciated until complete
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 10
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **2. Accounting policies (continued)**
## **2.9 Liabilities**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
||**Restricted**|**Unrestricted**|**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**2024**|**2024**|**2024**|
||**£**|**£**|**£**|
|Grants|20,198|600|**20,798**|
Page 11
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **3. Income from donations and legacies (continued)**
|Donations
Grants
_Total 2023_|_Restricted_
_funds_
_2023_
_£_
_-_
_10,368_
_10,368_|_Unrestricted_
_funds_
_2023_
_£_
_3,012_
_1,200_
_4,212_|_Total_
_funds_
_2023_
_£_
_3,012_
_11,568_
_14,580_|
|---|---|---|---|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Income from charitable activities
223,758
_Unrestricted_
_funds_
_2023_
_£_
Income from charitable activities
_220,607_
**5.**
**Charitable activities**
**2024**
**£**
Membership income
**218,233**
Sponsorship income
**5,525**
**223,758**|**Total**
**funds**
**2024**
**£**
**223,758**|
|---|---|
||_Total_
_funds_
_2023_
_£_
_220,607_|
||_2023_
_£_
_218,009_
_2,598_
_220,607_|
Page 12
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **6. Investment income**
|**Unrestricted**
**funds**
**2024**
**£**
Investment income
740
_Unrestricted_
_funds_
_2023_
_£_
Investment income
_155_|**Total**
**funds**
**2024**
**£**
**740**|
|---|---|
||_Total_
_funds_
_2023_
_£_
_155_|
## **7. Other incoming resources**
|Merchandise and catering income
Coaching commission and fees
End of season presentation and events income
Pitch and facilities hire income
**Total 2024**|**Unrestricted**
**funds**
**2024**
**£**
2,336
29,463
5,425
832
38,056|**Total**
**funds**
**2024**
**£**
**2,336**
**29,463**
**5,425**
**832**
**38,056**|
|---|---|---|
Page 13
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **7. Other incoming resources (continued)**
|Merchandise and catering income
Kit provider coaching bursary
Coaching commission and fees
End of season presentation and events income
Pitch and facilities hire income
_Total 2023_|_Unrestricted_
_funds_
_2023_
_£_
_4,212_
_3,420_
_3,999_
_4,743_
_1,389_
_17,763_|_Total_
_funds_
_2023_
_£_
_4,212_
_3,420_
_3,999_
_4,743_
_1,389_
_17,763_|
|---|---|---|
## **8. Analysis of expenditure on charitable activities Summary by fund type**
|Direct costs - Community Football
Direct costs - Community Football|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
17,402
256,374
_Unrestricted_
_funds_
_2023_
_£_
_228,870_|**Total**
**2024**
**£**
**273,776**|
|---|---|---|
|||_Total_
_2023_
_£_
_228,870_|
## **9. Analysis of expenditure by activities**
||**Activities**|||
|---|---|---|---|
||**undertaken**|**Support**|**Total**|
||**directly**|**costs**|**funds**|
||**2024**|**2024**|**2024**|
||**£**|**£**|**£**|
|Direct costs - Community Football|218,718|55,058|**273,776**|
Page 14
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **9. Analysis of expenditure by activities (continued)**
|Direct costs - Community Football
**Analysis of support costs**|_Activities_
_undertaken_
_directly_
_2023_
_£_
_186,409_|_Support_
_costs_
_2023_
_£_
_42,461_|_Total_
_funds_
_2023_
_£_
_228,870_|
|---|---|---|---|
|||||
|Depreciation
Insurance
Website costs
Sundry expenses
Bank and other charges
Computer costs
Repairs and maintenance
Trophies and awards
Support services
Legal and professional fees
Advertising
Governance costs|**Total**
**funds**
**2024**
**£**
**8,610**
**2,635**
**600**
**3,087**
**8,815**
**3,201**
**12,084**
**6,148**
**6,000**
**70**
**158**
**3,650**
**55,058**|_Total_
_funds_
_2023_
_£_
_7,451_
_2,415_
_519_
_2,954_
_6,420_
_3,151_
_2,651_
_6,025_
_6,055_
_1,220_
_-_
_3,600_
_42,461_|
|---|---|---|
Page 15
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **10. Governance costs**
|Independent examination costs
Accounts preparation
**11.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|**2024**
**£**
**3,150**
**500**
**3,650**
**2024**
**£**
**3,150**|_2023_
_£_
_3,000_
_600_
_3,600_|
|---|---|---|
|||_2023_
_£_
_3,000_|
## **12. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 May 2024, Trustees expenses amounting to £266 have been reimbursed to 2 trustees _(2023 - £NIL)_ .
Page 16
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **13. Tangible fixed assets**
|**Cost or valuation**
At 1 June 2023
Additions
At 31 May 2024
**Depreciation**
At 1 June 2023
Charge for the year
At 31 May 2024
**Net book value**
At 31 May 2024
_At 31 May 2023_|**Plant and**
**machinery**
**Assets**
**under**
**construction**
**£**
**£**
**26,674**
**2,594**
**2,965**
**-**
**29,639**
**2,594**
**13,502**
**-**
**8,610**
**-**
**22,112**
**-**
**7,527**
**2,594**
_13,172_
_2,594_|**Total**
**£**
**29,268**
**2,965**
**32,233**|
|---|---|---|
|||**13,502**
**8,610**
**22,112**|
|||**10,121**|
|||_15,766_|
Page 17
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **14. Debtors**
|**Due within one year**
Other debtors
Prepayments and accrued income|**2024**
**£**
**2,704**
**6,266**
**8,970**|_2023_
_£_
_3,508_
_318_|
|---|---|---|
|||_3,826_|
## **15. Creditors: Amounts falling due within one year**
|Other creditors
Accruals and deferred income|**2024**
**£**
**96**
**6,153**
**6,249**|_2023_
_£_
_96_
_6,767_|
|---|---|---|
|||_6,863_|
Page 18
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **16. Statement of funds**
## **Statement of funds - current year**
||**Balance at 1**|||**Balance at**|
|---|---|---|---|---|
||**June 2023**|**Income**|**Expenditure**|**31 May 2024**|
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|**Designated funds**|||||
|Designated Funds|**30,000**|**-**|**-**|**30,000**|
New Hub - The trustees have designated £30,000 against future spend on creating a sporting hub.
## **General funds**
|**General funds**|||||
|---|---|---|---|---|
|General Funds
**Total Unrestricted funds**
**Restricted funds**
The Football Foundation
National Lottery|**58,485**
**88,485**
**10,368**
**-**
**10,368**|**263,154**
**263,154**
**10,368**
**9,830**
**20,198**|**(256,374)**
**(256,374)**
**(11,172)**
**(6,230)**
**(17,402)**|**65,265**|
|||||**95,265**|
|||||**9,564**
**3,600**
**13,164**|
£10,368 has been received from The Football Foundation in the year to be spent on ground works in the coming year.
£9,830 has been received from the National Lottery Fund, £6,230 has been spent in the year on walking football and £3,600 is carried forward for a similar use in the coming year.
**Total of funds 98,853 283,352 (273,776) 108,429**
Page 19
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **16. Statement of funds (continued)**
**Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Designated Funds
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
The Football Foundation
**Total of funds**
**17.**
**Summary of funds**
**Summary of funds - current year**
Designated funds
General funds
Restricted funds|_Balance at_
_1 June 2022_
_£_
_30,000_
_44,618_
_74,618_
_-_
_74,618_
**Balance at 1**
**June 2023**
**£**
**30,000**
**58,485**
**10,368**
**98,853**|_Income_
_£_
_-_
_242,738_
_242,738_
_10,368_
_253,106_
**Income**
**£**
**-**
**263,154**
**20,198**
**283,352**|_Expenditure_
_£_
_-_
_(228,871)_
_(228,871)_
_-_
_(228,871)_
**Expenditure**
**£**
**-**
**(256,374)**
**(17,402)**
**(273,776)**|_Balance at_
_31 May 2023_
_£_
_30,000_|
|---|---|---|---|---|
|||||_58,485_|
|||||_88,485_|
|||||_10,368_|
|||||_98,853_|
|||||**Balance at**
**31 May 2024**
**£**
**30,000**
**65,265**
**13,164**
**108,429**|
Page 20
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **17. Summary of funds (continued)**
## **Summary of funds - prior year**
||_Balance at_|_Balance at_|||||_Balance at_|
|---|---|---|---|---|---|---|---|
||_1 June 2022_||_Income_||_Expenditure_||_31 May 2023_|
||_£_||_£_||_£_||_£_|
|Designated funds|_30,000_||_-_||_-_||_30,000_|
|General funds|_44,618_||_242,738_||_(228,871)_||_58,485_|
|Restricted funds|_-_||_10,368_||_-_||_10,368_|
||_74,618_||_253,106_||_(228,871)_||_98,853_|
|||||||||
|**Analysis of net assets between funds**||||||||
|**Analysis of net assets between funds**|**- current period**|||||||
||||**Restricted**||**Unrestricted**||**Total**|
||||**funds**||**funds**||**funds**|
||||**2024**||**2024**||**2024**|
||||**£**||**£**||**£**|
|Tangible fixed assets|||-||10,121||**10,121**|
|Current assets|||13,164||91,393||**104,557**|
|Creditors due within one year|||-||(6,249)||**(6,249)**|
|**Total**|||13,164||95,265||**108,429**|
|||||||||
|**Analysis of net assets between funds**|**- prior period**|||||||
||||_Restricted_||_Unrestricted_||_Total_|
||||_funds_||_funds_||_funds_|
||||_2023_||_2023_||_2023_|
||||_£_||_£_||_£_|
|Tangible fixed assets|||_-_||_15,766_||_15,766_|
|Current assets|||_10,368_||_79,582_||_89,950_|
|Creditors due within one year|||_-_||_(6,863)_||_(6,863)_|
|**Total**|||_10,368_||_88,485_||_98,853_|
## **18. Analysis of net assets between funds**
Page 21
Docusign Envelope ID: 722F891B-288A-4F6C-84D8-F31203DC58F4
## **WHITLEY BAY SPORTING CLUB**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024**
## **19. Related party transactions**
During the course of the year, in relation to her role as club secretary, Nicola Robson was paid £6,000 (2023: £6,000) for administration support services. Nicola Robson is the wife of Oran Robson, a trustee and the club treasurer.
Payments were also made in the year to the sons of Rob Nixon and Clint Milnes (both trustees) for coaching and refereeing services of £470 and £412 (2023: £860 and £360) respectively.
Page 22