Unaudited Financial Statements for the Year Ended 30 June 2024
for
Walsham Le Willows Sports Club CIO
Walsham Le Willows Sports Club CIO
Contents of the Financial Statements for the year ended 30 June 2024
| Page | |
|---|---|
| General Information | 1 |
| Accountants' Report and Client Approval Certificate | 2 |
| Trading and Profit and Loss Account | 3 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
Walsham Le Willows Sports Club CIO
General Information for the year ended 30 June 2024
| PROPRIETOR: | Members |
|---|---|
| ADDRESS: | Clay Cottage |
| Clay Street | |
| Walsham le Willows | |
| Bury St Edmunds | |
| Suffolk | |
| IP31 3BH | |
| ACCOUNTANTS: | FWD Accounts Limited |
| 7 Forbes Business Centre | |
| Kempson Way | |
| Bury St Edmunds | |
| Suffolk | |
| IP32 7AR |
Page 1
Financial Statements
for the year ended 30 June 2024
Accountants' Report to
Walsham Le Willows Sports Club CIO
In accordance with instructions given to us we have prepared without carrying out an audit the annexed financial statements from information and explanations supplied to us by Walsham Le Willows Sports Club CIO.
FWD Accounts Limited 7 Forbes Business Centre Kempson Way Bury St Edmunds Suffolk IP32 7AR
Date: .............................................
Client Approval Certificate
I approve the financial statements and confirm that I have made available all relevant records and information for their preparation.
........................................................................ Members Date: .............................................
Page 2
Walsham Le Willows Sports Club CIO
Trading and Profit and Loss Account for the year ended 30 June 2024
| Income Senior football income Senior football grants Netball income Bar rental Membership subscriptions Club event & sporting dinner Cricket income Youth football income Function hire income Bowls income AGP income Grants Yoga income Tennis income Walking football income Fitness centre income Cost of sales Youth football expenses Cricket expenses Club event expenses Football expenses Bowls expenses GROSS PROFIT Other income Sundry receipts Donations received Discounts taken Expenditure AGP Electricity & Maintenance Sports pavilion maintenance Bowls green maintenance Sports Pavilion Oil Grounds/Equip maintenance Bowls - rent, rates & water Sports Pavilion rates & water Sports Pavilion electricity Bowls electricity Wages Telephone Post and stationery Licences and insurance Other office expenses Sundry expenses Irrecoverable VAT Accountancy Professional fees Legal fees Donations Depreciation of tangible fixed assets Profit/loss on sale of tangible fixed assets Carried forward |
30/6/24 £ 45,543 - 2,292 15,000 2,569 17,068 11,300 46,220 - 5,085 6,034 29,117 2,580 853 5,081 14,201 26,153 11,792 10,606 48,749 1,270 96 8,656 - 3,913 5,961 4,998 2,034 23,218 1,175 279 9,595 554 2,475 309 27 3,651 2,349 101 - 1,250 - - 110 27,854 3,209 |
£ 202,943 98,570 104,373 8,752 113,125 93,062 20,063 |
30/6/23 £ 44,375 26,154 3,120 15,000 4,179 14,161 12,084 43,860 1,008 8,973 5,494 52,408 3,157 878 3,650 - 17,529 7,120 11,080 39,990 2,130 3,223 17,267 62 3,548 3,978 3,501 2,248 12,438 985 203 7,383 503 - 310 525 3,309 2,088 239 16,063 1,375 2,605 801 45 14,176 - |
£ 238,501 77,849 |
|---|---|---|---|---|
| 160,652 20,552 |
||||
| 181,204 76,323 |
||||
| 104,881 |
Page 3
Walsham Le Willows Sports Club CIO
Trading and Profit and Loss Account for the year ended 30 June 2024
| 30/6/24 £ Brought forward Finance costs Bank charges Amounts written off investments Loans waived NET PROFIT |
30/6/23 £ £ 20,063 137 19,926 - 19,926 |
£ 104,881 185 104,696 (2,817) 107,513 |
|---|---|---|
Page 4
Walsham Le Willows Sports Club CIO
Balance Sheet 30 June 2024
| Notes FIXED ASSETS Tangible assets 1 CURRENT ASSETS VAT Trade debtors Other debtors WLWSC Ltd Tea Hut Float - Youth Football IWC cash account Lloyds Treasurer's Account Santander Account Lloyds Football Bowls Bank Account Cricket Bank Account HSBC Youth Football Youth Football Sinking Fund Cricket Sinking Fund Cash in hand Football Petty Cash Bowls Cash Cricket Cash CURRENT LIABILITIES Trade creditors Other creditors Accrued expenses NET ASSETS FINANCED BY RESERVES AND FUNDS Reserves 2 Capital account 3 |
30/6/24 £ 20,451 2,422 136 16,889 458 79 5,537 17,954 29,934 4,879 3,931 6,689 68,175 4,079 33 320 40 93 182,099 5,802 6,250 1,275 13,327 |
£ 779,011 168,772 947,783 512,814 434,969 947,783 |
30/6/23 £ 13,628 931 - 14,724 458 79 6,806 13,237 23,017 7,455 6,127 19,182 60,701 2,013 33 302 40 300 169,033 3,578 1,250 1,250 6,078 |
£ 764,902 162,955 |
|---|---|---|---|---|
| 927,857 | ||||
| 512,814 415,043 |
||||
| 927,857 |
Page 5
Walsham Le Willows Sports Club CIO
Notes to the Financial Statements for the year ended 30 June 2024
1. TANGIBLE FIXED ASSETS
| COST At 1 July 2023 Additions Disposals At 30 June 2024 DEPRECIATION At 1 July 2023 Charge for year Eliminated on disposal At 30 June 2024 NET BOOK VALUE At 30 June 2024 At 30 June 2023 2. RESERVES At 1 July 2023 At 30 June 2024 3. CAPITAL ACCOUNT Brought forward Add Net profit |
Improvements Freehold to property property £ £ 263,728 452,613 - 5,449 - (2,788) 263,728 455,274 20,768 23,756 - 19,997 - (2,788) 20,768 40,965 242,960 414,309 242,960 428,857 30/6/24 £ £ 415,043 19,926 434,969 434,969 |
Plant and machinery £ 145,507 40,495 (6,329) 179,673 52,422 10,290 (4,781) 57,931 121,742 93,085 30/6/23 £ 307,530 107,513 |
Totals £ 861,848 45,944 (9,117) 898,675 96,946 30,287 (7,569) 119,664 779,011 764,902 Other reserves £ 512,814 512,814 £ 415,043 415,043 |
|---|---|---|---|
Page 6