2024-09-30-accounts - Bishop's Stortford Community Sports Club

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

ACCOUNTS for the

YEAR ENDED 30[th] SEPTEMBER 2024

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 - 10	Notes forming part of the accounts

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

GENERAL INFORMATION

DIRECTORS	G L Barton
	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 2024 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 2024 were;

P Burslem G L Barton – appointed 3[rd] June 2024 P A Carter - Treasurer B J Cotton MBE - Chairman T E Lancaster A C Pennison G K Smith N R Smith

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 £ nil (2023 £ nil).

Financial Review

The net surplus of £8,428 (2023 £18,183) has increased the residual funds of the charity to £149,722 (2023 £141,294).

(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 24[th] June 2025 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 2024, which are set out on pages 5 to 10.

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

24[th] June 2025

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

STATEMENT OF FINANCIAL ACTIVITIES incorporating the INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 30[th] SEPTEMBER 2024

		unrestricted	restricted
	Note	funds	funds	2024	2023
		--------------	-----------	-------	-------
INCOME
Voluntary income	2	£ -	£ 230	£ 230	£ 300
Activities for generating funds	3	28,967	1,210	30,177	20,093
Investment income		498	-	498	258
		---------	--------	---------	---------
Total income		£ 29,465	£ 1,440	£ 30,905	£ 20,651
		---------	--------	---------	---------
EXPENDITURE
Charitable activities	4	20,000	-	20,000	45
Governance costs	5	2,477	-	2,477	2,423
		---------	-------	---------	--------
Total expenditure		£ 22,477	£ -	£ 22,477	£ 2,468
		---------	-------	---------	--------
Net movement in funds		6,988	1,440	8,428	18,183
Funds brought forward		139,644	1,650	141,294	123,111
		----------	--------	-----------	----------
Funds carried forward		£ 146,632	£ 3,090	£ 149,722	£ 141,294
		----------	--------	-----------	----------

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 2024

BALANCE SHEET 30thSEPTEMBER 2024
________
	note		2024		2023
	------		-------		----------
FIXED ASSETS
tangible	8		£ 97,491		£ 98,035
investment	7		100		100
			----------		---------
			£ 97,591		£ 98,135
CURRENT ASSETS
debtors	9	21,210		15,243
cash at bank and in hand		51,021		51,469
		---------		---------
		£ 72,231		£ 66,712
		---------		---------
LESS CREDITORS - amounts
falling due within one year	10	£ 1,440		£ 2,893
		-------		-------
Net current assets			70,791		63,819
			----------		----------
NET ASSETS less current liabilities			168,382		161,954
CREDITORS - amounts
falling due after one year	11		18,660		20,660
			----------		----------
NET ASSETS			£ 149,722		£ 141,294
			----------		----------
Represented by:
CAPITAL & RESERVES
Unrestricted Funds	12		146,632		139,644
Restricted funds	13		3,090		1,650
			----------		----------
			£ 149,722		£ 141,294
			----------		----------

For the year ended 30[th] September 2024 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 24[th] June 2025 and signed on its behalf.

Paul Carter

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts for the year ended 30[th] September 2024

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.
Taxation Tax is only payable on investment income over £1,000 as the company has mutual trading status.
Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts (continued) for the year ended 30[th] September 2024

		unrestricted	restricted
		funds	funds	2024	2023
		--------------	-----------	-------	-------
2.	Voluntary income
	Donations	£ -	£ 230	£ 230	£ 300
		-------	-------	------	---------
3.	Activities for generating funds
	Fundraising	-	1,210	1,210	2,350
	Membership fees	28,967	-	28,967	17,743
		---------	--------	--------	---------
		£ 28,967	£ 1,210	£ 30,177	£ 20,093
		---------	--------	--------	---------
4.	Charitable activities
	BSCSC costs	20,000	-	20,000	-
	Ash Grove expenditure	-	-	-	45
		---------	-----	---------	-----
		£ 20,000	£ -	£ 20,000	£ 45
		---------	------	---------	-----
5.	Governance Costs
	Accountancy	1,453	-	£ 1,453	£ 1,453
	Subscriptions	419	-	419	371
	Bank charges	61	-	61	55
	Depreciation	544	-	544	544
		--------	------	--------	--------
		£ 2,477	£ -	£ 2,477	£ 2,423
		--------	------	--------	--------

Trustees

The trustees did not receive any remuneration nor were they paid any expenses (2023 £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 liabilities at 30[th] September 2024 were £5,930 (2023 £14,964), income for the year then ended was £693,683 (2023 £564,358) and net profits were £9,034 (2023 net loss £15,064).

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts (continued) for the year ended 30[th] September 2024

8.	Tangible fixed assets	land, buildings
		and courts on
		leasehold land	equipment	total
	Cost
	as at 1stOctober 2023	£ 147,112	£ 61,618	£ 208,730
	additions	-	-	-
		-----------	---------	-----------
	as at 30thSeptember 2024	£ 147,112	£ 61,618	£ 208,730
		-----------	---------	-----------
	Depreciation
	as at 1stOctober 2023	49,078	61,617	110,695
	charge for the year	544	-	544
		---------	---------	----------
	as at 30thSeptember 2024	£ 49,622	£ 61,617	£ 111,239
		---------	---------	----------
	Net Book Values
	30thSeptember 2024	£ 97,490	£ 1	£ 97,491
	30thSeptember 2023	£ 98,034	£ 1	£ 98,035
		---------	--------	---------
			2024	2023
			-------	-------
9.	Debtors
	Other debtors		500	500
	Owed from subsidiary undertaking		20,710	14,743
			--------	---------
			£ 21,210	£ 15,243
			--------	---------
10.	Creditors:
	amounts falling due within one year
	Accruals		1,440	1,440
	Other creditors		-	1,453
			--------	-------
			£ 1,440	£ 2,893
			--------	-------
11.	Creditors:
	amounts falling due after one year
	Other creditors		£ 18,660	£ 20,660
			---------	--------

BISHOP’S STORTFORD COMMUNITY SPORTS CLUB

Notes to the accounts (continued) for the year ended 30[th] September 2024

12. Unrestricted Income Funds

The income funds of the charity, not including restricted funds, comprise of the following unexpended balances of donations and membership fees:

Balance Incoming Resources Balance 1 Oct 23 Resources Expended 30 Sept 24 ----------- ------------- ------------- ------------General Fund £ 139,644 £ 29,465 £ 22,477 £ 146,632

13. Restricted Income Funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held in trust to be applied for specific purposes:

Balance Incoming Resources Balance 1 Oct 23 Resources Expended 30 Sept 24 ----------- ------------ ------------ ------------New Pavillion fund £ 1,650 £ 1,440 £ - £ 3,090 -----------------------------