Charity Registration No. 1176275
BOURNE GREEN SPORTS CLUB
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BOURNE GREEN SPORTS CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | B Copeman |
|---|---|
| Mrs J Browne | |
| J Bowden | |
| C Simpson | |
| J Horsnell | |
| Charity number | 1176275 |
| Principal address | Bourne Green Pavilion |
| Old Frensham Road | |
| Lower Bourne | |
| Surrey | |
| GU10 3PR | |
| Registered office | 73 Cornhill |
| London | |
| EC3V 3QQ | |
| Independent examiner | H Patel FCCA |
| Gerald Edelman | |
| Chartered Accountants | |
| 73 Cornhill | |
| London | |
| EC3V 3QQ | |
| Bankers | Lloyds Bank |
| 182 High Street | |
| Walthamstow | |
| London |
BOURNE GREEN SPORTS CLUB
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
BOURNE GREEN SPORTS CLUB
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019)
Objectives and activities
The charity's objectives are the promotion of community participation in healthy recreation by the provision of facilities for running and the playing of cricket and football. These aims are achieved by the operation of sports club facilities in Lower Bourne, Surrey and surrounding areas.
Sport has been played on the Bourne Recreation Area (Bourne Green) which is owned and managed by Waverley Borough Council for many years. The Sports and Community Pavilion at the Bourne Green is managed by The Bourne Green Sports Club, which includes Farnham Runners, Bourne Blades Football Club and Bourne Cricket Club.
The Sports & Community Pavilion will also be available to local interest groups, hobby and action groups and committees who require space to hold their meetings.
Disabled members of the local community have full access to and use of both the changing areas and the other facilities within the Pavilion.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
On 1 April 2018 the three sports clubs (comprising football, cricket and running) formally transferred their activities to the charity. Formal arrangements have been agreed as to the operation of such pavilion including policies and procedures to be adopted. Senior representatives of each club have also been added as trustees of the charity. The results of the three clubs for the year are reflected in these accounts.
2023/24 saw a strong growth in the membership in all Sports. Youth football saw the girls section expanded across all age ranges along with youth cricket. This expansion, although very welcome, increases the cost of hiring pitches to support the growing number of teams.
Plans are currently with Waverley Borough Council to improve the accessibility to The Sports and Community Pavilion, and if approved this will greatly assist disabled assess to The Sports and Community Pavilion. Funding for this project is being sought through Surrey County Council and the charity’s funds.
Financial review
The net income for the year was £8,573 (2023- Expenditure £6,270).
Total income was £191,644 (2023-£154,378). Income from charitable activities fromthe three clubs was £147,689 (2023-£130,228). Total expenditure was £183,071 (2023-£160,648) which is made up of charitable expenditure for the clubs of £156,794 (2023-£149,330) , fundraising costs of £25,077 and governance costs of £1,200 (2023£1,200). A breakdown of the income and expenditure for each club is recorded in notes 4 and 6.
Going concern
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements.
Accordingly, the Trustees continues to adopt the going concern basis in preparing the financial statements for the year ended 5 April 2024. Further details regarding adoption of the going concern basis can be found in note 1.2 to the financial statements.
- 1 -
BOURNE GREEN SPORTS CLUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves at 5 Apn'l 2024 iotd £94.224 as by fvnds of three dubs transferred into the chanty. The Trustees consider that these reserves are Tequired to be hekj to ensure thal they have sufficient working capit81 to meet any ongolng CL)mmJtrnenls as they arfise. Major rlsks The Trust6es have asses8ed the malfx rlsks to %thich thg charlty Is èxposèd. and are sallslled that systams arg In place lo mib"g81e exposure to the m8jor risks. Structurn. governanc• and manag•m•nt The charity is 8 charitstle incorporaled organls¥lion lstered in England Wales on 14 December 2017. Thè Tru8tee8 who 88rvad durirwJ th8 yaar and up to tho data of slgnalurn oflhg Ilnanclal ststsm8nts were.. B Cop8m8n Mts J Browne J Bowden C Simpson J Horsnell ppointsd 16 Septembgr 2024 Recmilmenl and appoinlmgnl oflrvstg0S The power of oppointmonl of new trusleos 18 held by the 808rf. Nono of tho Tru8te6s has any b8nefiaal inierest in the c4)mpany. All ol th6 Trust888 are m8mb8rs of the company and guaranteo to contn'bule £1 in the event of a Winding up. Org8nisatronal stwcture Fomal mefrtings of Ihg Trustatss am hdd on a regular basis. Th9 administraknn 18 carriod out by the Trustee Mr B Copeman. Relalionsljip wtlh relot8d Parties The charity had a subsidiary known as Boume Green Pawlion cMUnty Interest Company whlch has been sel vp lo carry out tho running of the new sports dub facilities once they are open. This company was dorm8nl In the perirxl under review and has been di850fved since Ihe year end. TheT rov&J by the Board of Trustee5. 8 Copoman Trust•• 18 December 2024
BOURNE GREEN SPORTS CLUB
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
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 and 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 the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that 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.
- 3 -
BOURNE GREEN SPORTS CLUB
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNE GREEN SPORTS CLUB
I report to the Trustees on my examination of the financial statements of Bourne Green Sports Club (the charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with 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 financial statements do not accord with those records; or
-
3 the financial statements 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 financial statements to be reached.
H Patel FCCA Gerald Edelman Chartered Accountants 73 Cornhill London EC3V 3QQ
Dated: 18 December 2024
- 4 -
BOURNE GREEN SPORTS CLUB
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Income from: Donations and legacies 2 Charitable activities 4 Fundraising activities 3 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total charitable expenditure Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 April 2023 Fund balances at 31 March 2024 |
2024 £ 4,310 147,689 39,645 191,644 25,077 157,994 183,071 8,573 85,651 94,224 |
2023 £ 923 130,228 23,227 154,378 10,118 150,530 160,648 (6,270) 91,921 85,651 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
BOURNE GREEN SPORTS CLUB BALANCE SHEET ASAT31 MARCH 2024 2023 Flxed a•ets Tanglble ass8ts 10 4,552 2,400 Currgnt assots Stocks Debtors Cash at bank and in hand 11 12 155 2.024 112,110 917 97,375 114.289 98,456 Crodltors: amounts falllng du• wtthln ong yoar 13 124.617} 115,2051 N•t curr•nt as••ts 89,672 83.251 Total ass•ts l•8• currnnt Il•bllltl• 94.224 85,651 Incorn• fvnd# Unrestricted fundg 94.224 85,651 The finandal statements were approwy by the Twstoes on 18 D¢¢•mbw 2024 B Copeman
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Bourne Green Sports Club is a Charitable Incorporated Organisation registered in England and Wales. The registered office is 73 Cornhill, London EC3V 3QQ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Charitable income is represented by income from the three individual sports clubs which are operate as part of the charity.
- 7 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.5 Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accruals basis and the irrecoverable element of VAT is included in the expense to which it relates
.
Charitable expenditure is represented by costs arising from the three individual sports clubs which are operate as part of the charity.and support costs which include governance costs represented by audit costs and other professional fees incurred in connection with the meeting of the charity's constitutional and statutory obligations.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% on a straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Stocks
Stocks are represented by goods available for resale and are stated at the lower of cost and net realisable value.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The charity holds only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.11 Taxation
As a registered charity it is exempt from tax on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992
2 Donations and legacies
| Donations and gifts 3 Fundraising activities Fundraising events |
2024 £ 4,310 2024 £ 39,645 |
2023 £ 923 |
|---|---|---|
| 2023 £ 23,227 |
- 9 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4 Charitable Activities - Income
| Subscriptions and fees Sponsorship Fundraising Other income |
Football 2024 £ 92,751 10,750 1,825 - 105,326 |
Cricket 2024 £ 23,137 1,500 9,985 272 34,894 |
Athletics 2024 £ 6,827 - - 642 7,469 |
Total 2024 £ 122,715 12,250 11,810 914 147,689 |
Football 2023 £ 87,327 10,000 1,394 - 98,721 |
Cricket 2023 £ 20,019 1,305 2,285 317 23,926 |
Athletics 2023 £ 6,379 - - 1,202 7,581 |
Total 2023 £ 113,725 11,305 3,679 1,519 |
|---|---|---|---|---|---|---|---|---|
| 130,228 |
- 10 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Fundraising and publicity | ||
| Staging fundraising events | 25,077 | 10,118 |
- 11 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
6 Charitable activities - Expenditure
| Football 2024 £ Rent and facilities costs 72,307 Uniforms and equipment 9,272 Fees and subscriptions 28,415 Clubhouse costs - Other costs 6,596 116,590 Share of governance costs (see note ) |
Cricket Athletics 2024 2024 £ £ 13,198 - 2,465 1,812 6,940 310 - 1,081 7,976 6,422 30,579 9,625 |
Total 2024 Football 2023 £ £ 85,505 62,661 13,549 17,071 35,665 24,469 1,081 - 20,994 6,716 156,794 110,917 1,200 157,994 |
Cricket Athletics 2023 2023 £ £ 13,645 - 4,680 1,140 8,093 385 - 2,835 1,748 5,887 28,166 10,247 |
Total 2023 £ 76,306 22,891 32,947 2,835 14,351 |
|---|---|---|---|---|
| 149,330 1,200 |
||||
| 150,530 |
- 12 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
| 7 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging: | |||
| Depreciation of owned tangible fixed assets | 2,250 | 2,250 |
8 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were paid to the Trustees in the period. 9 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Number | Number | ||
| Total | - | - | |
| There were no employees whose annual remuneration was more than £60,000. | |||
| 10 | Tangible fixed assets | ||
| Plant and equipment | |||
| £ | |||
| Cost | |||
| At 1 April 2023 | 13,765 | ||
| Additions | 3,440 | ||
| At 31 March 2024 | 17,205 | ||
| Depreciation and impairment | |||
| At 1 April 2023 | 10,403 | ||
| Depreciation charged in the year | 2,250 | ||
| At 31 March 2024 | 12,653 | ||
| Carrying amount | |||
| At 31 March 2024 | 4,552 | ||
| At 31 March 2023 | 2,400 | ||
| 11 | Stocks | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Goods for resale | 155 | 164 |
- 13 -
BOURNE GREEN SPORTS CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 12 Debtors Amounts falling due within one year: Prepayments and accrued income 13 Creditors: amounts falling due within one year Accruals and deferred income |
2024 £ 2,024 2024 £ 24,617 |
2023 £ 917 |
|---|---|---|
| 2023 £ 15,205 |
14 Share capital
The company has no share capital being a Charitable Incorporated Organisation.
15 Related party transactions
There were no disclosable related party transactions during the year
16 APB Ethical Standard relevant circumstances
In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts.
- 14 -