2022-09-30-accounts - Bishop's Stortford Community Sports Club

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BISHOP’S STORTFORD COMMUNITY SPORTS CLUB ACCOUNTS for the

YEAR ENDED 30[th] SEPTEMBER 2022

ANNUAL REPORT AND ACCOUNTS

PAGE	CONTENTS
1	General information
2 & 3	Report of the trustees
4	Report of the independent examiner
5	Statement of financial activities
6	Balance sheet
7 - 9	Notes forming part of the accounts

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

GENERAL INFORMATION

DIRECTORS	P R Burslem
	P A Carter
	B J Cotton MBE
	T E Lancaster
	A C Pennison
	G K Smith
	N R Smith
SECRETARY	-
REGISTERED OFFICE	Mutfords
	Hare Street
	Buntingford
	Hertfordshire
	SG9 0ED
COMPANY No.	1,373,545 (England and Wales)
CHARITY No.	1,171,519
ACCOUNTANTS	John D Kilby & Co
	Chartered Accountants
	Mutfords
	Hare Street
	Buntingford
	Hertfordshire
	SG9 0ED
BANKERS	HSBC Bank Plc
	North Street
	Bishop Stortford
	Hertfordshire
	CM23 2LP

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

TRUSTEES' REPORT

The Trustees of Bishop’s Stortford Community Sports Club present their annual report, together with the accounts for the year ended 30[th] September 2022 and confirm they comply with the requirements of the Charities Act 2011, the Trust Deed, and the Charities SORP as they apply to smaller charities.

Objectives and activities

The objective of the company is to provide sports and associated facilities for the local community.

Trustees

The Trustees are responsible for the overall management and control of Bishop’s Stortford Community Sports Club Limited. All Trustees give their time freely and no remuneration was paid in the year. The trustees who held office during the year to 30[th] September 2021 were;

P Burslem – appointed 11[th] October 2021 P A Carter - Treasurer B J Cotton MBE - Chairman T E Lancaster A C Pennison G K Smith N R Smith R E Stock – resigned 11[th] October 2021

Governing Document

The charity is controlled by its governing document, a Memorandum of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk Management

The Trustees have assessed potential risks to the charity and taken action to put into place systems to mitigate those risks. Over the year the trustees will be reviewing and revising its policies regarding business risks, financial risks, health and safety risks and other identifiable risks.

Achievements and performance

Donations were received from the trading company of £19,911 (2021 nil).

Financial Review

The net surplus of £142 (2021 £3,567) has increased the residual funds of the charity to £123,111 (2021 £122,969).

(continued)

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

TRUSTEES' REPORT

(continued)

Future plans

The Trustees will continue to provide sports and associated facilities to the local community and intend to improve these facilities through income generated by the trading company and other funds raised through grant applications and other fundraising activities. The company will continue to review its aims and objectives to ensure that the facilities provided are appropriate, affordable and attractive to the local community. The company has received Gift Aid status from H M Revenue and Customs for Gift Aid status to ensure the fundraising raised can be increased by tax aid claimed from the government.

Reserves Policy

The Trustees aim to keep sufficient reserves to meet the day to day expenditure of the Trust, and to keep sufficient restricted funds in order to see these funded projects to their conclusion.

In carrying out their duties the trustees have had regard to the Charity Commissions guidance on public benefit.

This report has been prepared in accordance with the General Directions given by the Charity Commissioners in the Charities Act 2011.

Approved by the Trustees on 28[th] June 2023 and signed on their behalf by:

Paul Carter Treasurer

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the company for the year ended 30[th] September 2022, which are set out on pages 5 to 9.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘The 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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:

accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS102).

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.

Mutfords Hare Street Buntingford Hertfordshire SG9 0ED

John Kilby FCA CTA John D Kilby & Co Chartered Accountants

28[th] June 2023

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

STATEMENT OF FINANCIAL ACTIVITIES incorporating the INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30[th] SEPTEMBER 2022

	Note	2022	2021
			restated
		-------	----------
		Unrestricted	Unrestricted
		funds	funds
INCOME
Voluntary income	2	£ 19,911	£ -
Activities for generating funds	3	19,425	7,705
Investment income		-	-
		--------	---------
Total income		£ 39,336	£ 7,705
		--------	---------
EXPENDITURE
Charitable activities	4	36,660	-
Governance costs	5	2,534	4,138
		--------	--------
Total expenditure		£ 39,194	£ 4,138
		--------	--------
Net movement in funds		142	3,567
Funds brought forward		122,969	119,402
		-----------	----------
Funds carried forward		£ 123,111	£ 122,969
		-----------	----------

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of recognised gains and losses has not been prepared.

Company No 1,373,545

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

BALANCE SHEET 30[th] SEPTEMBER 2022

BALANCE SHEET 30thSEPTEMBER 2022
________
	note		2022		2021
					restated
	------		-------		----------
FIXED ASSETS
tangible	8	£ 89,532		£ 83,856
investment	7	100		100
		----------	£ 89,632	---------	£ 83,956
CURRENT ASSETS
debtors	9	20,818		5,512
cash at bank and in hand		36,766		34,941
		---------		---------
		£ 57,584		£ 40,453
		---------		---------
LESS CREDITORS - amounts
falling due within one year	10	£ 3,445		£ 1,440
		-------		-------
Net current assets			54,139		39,013
			----------		----------
NET ASSETS less current liabilities			143,771		122,969
CREDITORS - amounts
falling due after one year	11		20,660		-
			----------		----------
NET ASSETS			£ 123,111		£ 122,969
			----------		----------
Represented by:
CAPITAL & RESERVES
Unrestricted Funds			123,111		122,969
			----------		----------
			£ 123,111		£ 122,969
			----------		----------

For the year ended 30[th] September 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ Responsibilities:

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Trustees on 28[th] June 2023 and signed on its behalf.

Paul Carter

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts for the year ended 30[th] September 2022

Accounting policies

Bishops Stortford Community Sports Club is a private company limited by guarantee registered in England and Wales, within the United Kingdom. The registered office is

a. Basis of preparation of accounts
These accounts have been prepared under the historical cost accounting rules and in accordance with the Accounting and Reporting by Charities: Statement of Recommended Accounting Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), FRS 102 Section A and the Companies Act 2006.
b. Incoming resources are recognised in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy except for investment income which is credited as income when received.
c. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided to write off the cost, less estimated residual values, of all fixed assets over their expected useful lives at the following annual rates:

Freehold land nil Long leasehold land and buildings over the lease term Equipment 10% straight line

d. Investments
Investments in subsidiaries are stated at cost.
e. Lease Bishops Stortford Community Sports Club (formerly Bishops Stortford Sports Trust Limited) have entered into a lease with East Hertfordshire District Council for a term of 99 years commencing 25[th] March 1989.
f. Taxation Tax is only payable on investment income over £1,000 as the company has mutual trading status.
g. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
h. Prior year adjustment The prior year has been adjusted to take into account charity membership fees incorrectly shown as receipt in the trading company in 2021.

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts (continued) for the year ended 30[th] September 2022

		2022	2021
			restated
		-------	----------
2.	Voluntary income
	Donations	£ 19,911	£ -
		---------	---------
3.	Activities for generating funds
	Fundraising	1,000	-
	Other income	2,540	-
	Membership fees	15,885	7,705
		--------	-------
		£ 19,425	£ 7,705
		--------	-------
4.	Charitable activities
	Junior Pitch Contribution	10,000	-
	Ash Grove expenditure	26,660	-
		--------	--------
		£ 36,660	£ -
		--------	--------
5.	Governance Costs
	Accountancy	£ 1,453	£ 1,453
	Legal fees	256	35
	Bank charges	63	63
	Depreciation	762	2,587
		--------	--------
		£ 2,534	£ 4,138
		--------	--------

6. Trustees

The trustees did not receive any remuneration nor were they paid any expenses (2021 £nil).

7. Investments

Subsidiary undertakings £ 100 £ 100

The charity owns 100% of Bishops Stortford Community Sports Club Trading Ltd, a company registered in England and Wales company number 10,059,591. Its net assets at 30[th] September 2022 were £100 (2021 net liabilities £26,128), income for the year then ended was £535,766 (2021 £341,221) profits before donations to the charity were £46,139 (2021 losses £9,035).

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts (continued) for the year ended 30[th] September 2022

8.	Tangible fixed assets	land, buildings
		and courts on
		leasehold land	equipment	total
	Cost
	as at 1stOctober 2021	£ 131,627	£ 61,618	£ 193,245
	additions	6,438	-	6,438
		-----------	---------	-----------
	as at 30thSeptember 2022	£ 138,065	£ 61,618	£ 199,683
		-----------	---------	-----------
	Depreciation
	as at 1stOctober 2021	47,990	61,399	109,389
	charge for the year	544	218	762
		---------	---------	----------
	as at 30thSeptember 2022	£ 48,534	£ 61,617	£ 110,151
		---------	---------	----------
	Net Book Values
	30thSeptember 2022	£ 89,531	£ 1	£ 89,532
	30thSeptember 2021	£ 83,637	£ 219	£ 83,856
		---------	--------	---------
			2022	2021
				restated
			-------	----------
9.	Debtors
	Other debtors		500	-
	Owed from subsidiary undertaking		20,318	5,512
			--------	-------
			£ 20,818	£ 5,512
			--------	-------
10.	Creditors:
	amounts falling due within one year
	Accruals		1,445	1,440
	Other creditors		2,000	-
			--------	-------
			£ 3,445	£ 1,440
			--------	-------
11.	Creditors:
	amounts falling due after one year
	Other creditors		£ 20,660	£ -
			--------	-------