REGISTERED COMPANY NUMBER: CEO12284 (England and Wales)
REGISTERED CHARITY NUMBER: 1174764
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2022
for
Surrey Squash
Harlands Accountants (Newquay) Limited
35 High Cross Street
St Austell
Cornwall
PL25 4AN
Surrey Squash
Contents of the Financial Statements
for the Year Ended 30 April 2022
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Page |
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
6 |
to |
10 |
Surrey Squash
Report of the Trustees
for the Year Ended 30 April 2022
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended30April2022.Thetrusteeshave adopted
theprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Purposes and Activities
1.1 The object of Surrey Squash is:
Thepromotionofcommunityparticipationinhealthyrecreationforthepublicbenefitbytheprovision of
facilitiesforplayingthesportsofsquashandsquash57inthecountyofSurreyandtheLondonboroughs of
Merton,Wandsworth,Richmond,Sutton,Croydon,LambethandtheRoyalBoroughofKingstonupon Thames
andtheadvancementofamateursportforthepublicbenefitbyencouragingandfacilitatingparticipation in
thesportsofsquashandsquash57inthecountyofSurreyandtheLondonboroughsofMerton, Wandsworth,
Richmond, Sutton, Croydon, Lambeth and the Royal Borough of Kingston upon Thames.
1.2 The main activities are to:
(a)actastherepresentativebodyforsquashandsquash57clubsandorganisationsinSurreyand represent
Surrey at the council of the national governing body of the sport, England Squash;
(b)promoteandencouragethegamesofsquashandsquash57andfurthertheirgrowthand development
at all levels in Surrey whilst reflecting equal opportunities for all;
-
(c) maintain and uphold the objectives and bye-laws of England Squash;
-
(d) provide local administration and liaison with members;
-
(e) train, select and manage county teams;
-
(f) arrange Surrey Individual championships;
-
(g) arrange Surrey Inter-Club competitions on a league or knock out basis; and
-
(h) undertake any further activities which are consistent with its object.
1.3 We have had regard to the guidance on public benefit issued by the Charity Commission.
1.4 Volunteers
Thetrusteeswanttoacknowledgetheverysignificantroleplayedbyvolunteers,inparticularthemembers of
theCommitteeofSurreySquashaswellasthosehelpingattournamentsandevents.Theyhaveputin many
hours of work helping to ensure the success of squash in the county.
Achievements and Performance
2.1Ourstrategyistwofold-firstly,tomeettheneedsofcurrentplayersandprovideopportunitiesforthem to
continueplaying,whatevertheirlevel;secondlytoattractnewplayersacrosstheagespectrum.The trustees
aresatisfiedthatthecharity'sactivitieshavebeenconductedinaccordancewithimplementationof this
strategy and good progress has been made towards our five main initiatives, which are:
-
1.Supporting and working with clubs, leisure centres and other facilities.
-
2.Supporting coaches and their coaching businesses.
-
3.Increasing junior participation and supporting the junior game.
4.Building greater awareness of both squash and squash 57.
5.Attracting and maintaining funding.
FINANCIAL REVIEW
Financial position
3.1 The key financial figures for the year are as follows:
-
Income £53,833. Expenditure £51,366. Net Gain £2,467.
-
Total Funds on 30.04.22 £223,146 of which cash £68,566.
3.2TheAssociationisinasoundfinancialposition.Thepolicyonholdingreservesisasfollows: Unrestricted
fundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionofthetrustees. Restricted
fundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
3.3. Post Balance Sheet Event.
SurreyJuniorTrustisintheprocessoftransferringallofitsassetsintoSurreySquash,asmallcashbalanceis still
to be transferred from the former Surrey Junior Trust, pending closure of their banking facilities.
Page 1
Surrey Squash
Report of the Trustees
for the Year Ended 30 April 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
4.1 The charity is constituted as a Charitable Incorporated Organisation (CIO) and its governing document is a constitution.
4.2ThefirsttrusteeswereappointedbytheCommitteeofSurreySquash(thenanunincorporated association).
In terms of the Constitution -
Themembersorthecharitytrusteesmayatanytimedecidetoappointanewcharitytrustee,whether in
placeofa charitytrusteewhohasretiredorbeenremoved,oras anadditionalcharitytrustee,provided there
are no more than six trustees at any one time.
4.3As permittedbytheConstitution,wehavedelegatedthemanagementofSurreySquashtoa Committee.
The Committee is entrusted with the day-to-day running of the Association and for this purpose -
-Ithasthepowertoactinallmattersrelatingtotheorganisationandtheplayingofsquashandsquash57 in
Surrey in accordance with the Objective.
-ItshallemploythefundsoftheAssociationinsuchmannerasitdeemstobeinthebestinterestsof the
games of squash and squash 57 in Surrey.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CEO12284 (England and Wales)
Registered Charity number
1174764
Registered office
Bourne House, Queen Street
Gomshall
Surrey
GU5 9LY
Trustees
J N Hughes
P Fleming
C Watson
S Baillie
Independent Examiner
Harlands Accountants (Newquay) Limited
35 High Cross Street
St Austell
Cornwall
PL25 4AN
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...........................................................................
J N Hughes - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Surrey Squash
Independent examiner's report to the trustees of Surrey Squash ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 April 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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 (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Deborah Edwards
BA (Hons) FCA
Harlands Accountants (Newquay) Limited
35 High Cross Street
St Austell
Cornwall
PL25 4AN
Date: .............................................
Page 3
Surrey Squash
Statement of Financial Activities
for the Year Ended 30 April 2022
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|
|
|
30.4.22 |
30.4.21 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Other trading activities |
2 |
40,704 |
11,465 |
52,169 |
12,537 |
Investment income |
3 |
1,664 |
- |
1,664 |
- |
Total |
|
42,368 |
11,465 |
53,833 |
12,537 |
EXPENDITURE ON |
|
|
|
|
|
Charitable activities |
|
|
|
|
|
Charitable |
|
43,711 |
7,655 |
51,366 |
17,256 |
Restricted Fund |
|
- |
- |
- |
192 |
Total |
|
43,711 |
7,655 |
51,366 |
17,448 |
Net gains on investments |
|
142,379 |
- |
142,379 |
- |
NET INCOME/(EXPENDITURE) |
|
141,036 |
3,810 |
144,846 |
(4,911) |
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
|
71,230 |
7,070 |
78,300 |
83,211 |
TOTAL FUNDS CARRIED FORWARD |
|
212,266 |
10,880 |
223,146 |
78,300 |
The notes form part of these financial statements
Page 4
Surrey Squash
Balance Sheet 30 April 2022
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
6
18,130
Investments
7
143,871
Cash at bank
57,686
219,687
CREDITORS
Amounts falling due within one year
8
(7,421)
NET CURRENT ASSETS
212,266
TOTAL ASSETS LESS CURRENT LIABILITIES
212,266
NET ASSETS
212,266
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
£
-
-
10,880
10,880
-
10,880
10,880
10,880 |
30.4.22
30.4.21
Total
Total
funds
funds
£
£
18,130
1,640
143,871
-
68,566
77,741
230,567
79,381
(7,421)
(1,081)
223,146
78,300
223,146
78,300
223,146
78,300
212,266
71,230
10,880
7,070
223,146
78,300 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for
the year ended 30 April 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 April 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
J N Hughes - Trustee
The notes form part of these financial statements
Page 5
Surrey Squash
Notes to the Financial Statements
for the Year Ended 30 April 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2015)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial; statements
have been prepared under the historical cost convention.
Income
All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
2. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
30.4.22 |
30.4.21 |
|
£ |
£ |
Surrey Gold |
11,464 |
- |
Neil Desai Donation |
- |
2,000 |
League & Tournament Income |
25,535 |
(210) |
S.E Regional Forum Grant |
1,500 |
1,000 |
England Squash Rebates |
6,717 |
4,323 |
Surrey Squash Affiliation |
6,953 |
5,424 |
|
52,169 |
12,537 |
continued...
Page 6
Surrey Squash
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
3. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
|
30.4.22 |
30.4.21 |
|
|
£ |
£ |
|
Investment Income |
1,664 |
|
- |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30April2022norforthe year
ended 30 April 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended30April2022norfortheyear ended
30 April 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6.
|
Unrestricted |
Unrestricted |
Restricted |
Restricted |
Total |
|
fund |
|
fund |
|
funds |
|
£ |
|
£ |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Other trading activities |
12,537 |
|
|
- |
12,537 |
EXPENDITURE ON |
|
|
|
|
|
Charitable activities |
|
|
|
|
|
Charitable |
17,256 |
|
|
- |
17,256 |
Restricted Fund |
|
- |
192 |
|
192 |
Total |
17,256 |
|
192 |
|
17,448 |
NET INCOME/(EXPENDITURE) |
(4,719) |
|
(192) |
|
(4,911) |
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
75,949 |
|
7,262 |
|
83,211 |
TOTAL FUNDS CARRIED FORWARD |
71,230 |
|
7,070 |
|
78,300 |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
30.4.22 |
|
30.4.21 |
|
|
|
£ |
|
£ |
Trade debtors |
|
|
4,460 |
|
1,640 |
Other debtors |
|
|
13,670 |
|
- |
|
|
|
18,130 |
|
1,640 |
continued...
Page 7
Surrey Squash
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
7. CURRENT ASSET INVESTMENTS
Investment portfolio
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
Trade creditors
Accruals and deferred income
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS |
YEAR
At 1.5.21
£
71,230
7,070
78,300
are as follows:
Incoming
Resources
resources
expended
£
£
42,368
(43,711)
11,465
(7,655)
53,833
(51,366) |
30.4.22
30.4.21
£
£
143,871
-
30.4.22
30.4.21
£
£
3,640
81
3,781
1,000
7,421
1,081
Net
movement
At
in funds
30.4.22
£
£
141,036
212,266
3,810
10,880
144,846
223,146
Gains and
Movement
losses
in funds
£
£
142,379
141,036
-
3,810
142,379
144,846 |
|
|
|
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1.5.20 |
in funds |
30.4.21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
75,949 |
(4,719) |
71,230 |
Restricted funds |
|
|
|
Restricted |
7,262 |
(192) |
7,070 |
TOTAL FUNDS |
83,211 |
(4,911) |
78,300 |
continued...
Page 8
Surrey Squash
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
12,537 |
(17,256) |
(4,719) |
Restricted funds |
|
|
|
Restricted |
- |
(192) |
(192) |
TOTAL FUNDS |
12,537 |
(17,448) |
(4,911) |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS |
Net
movement
At 1.5.20
in funds
£
£
75,949
136,317
7,262
3,618
83,211
139,935 |
At
30.4.22
£
212,266
10,880 |
|
|
223,146 |
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
54,905
(60,967)
142,379
136,317
11,465
(7,847)
-
3,618
66,370
(68,814)
142,379
139,935 |
|
|
continued...
Page 9
Surrey Squash
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2022.
Page 10