_________________________________________________ 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| 1 ## 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) 2 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 3 ## 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 4 ## 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. 5 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 6 ## BISHOP’S STORTFORD COMMUNITY SPORTS CLUB Notes to the accounts for the year ended 30[th] September 2024 ________________________________ 1. 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. 7 ## 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| |||--------|------|--------|--------| 6. 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). 8 ## 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| ||||---------|--------| 9 ## 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 ----------------------------- 10