Unaudited Financial Statements for the Year Ended 30 June 2025
for
Walsham Le Willows Sports Club CIO
Walsham Le Willows Sports Club CIO
Contents of the Financial Statements for the year ended 30 June 2025
| 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 2025
| PROPRIETOR: | Members |
|---|---|
| ADDRESS: | Summer Road |
| Walsham le Willows | |
| Bury St Edmunds | |
| Suffolk | |
| IP31 3AH | |
| 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 2025
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 2025
| Income Senior football income Netball income Bar rental Membership subscriptions Club event & sporting dinner Cricket income Youth football 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 Bank interest received 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 Donations Depreciation of tangible fixed assets Profit/loss on sale of tangible fixed assets Carried forward |
30/6/25 £ 52,459 1,823 19,500 3,943 14,887 18,052 50,048 5,267 5,407 7,428 1,753 754 5,334 13,737 25,981 9,137 11,559 59,182 1,707 20 16,577 123 3,888 2,471 2,690 1,095 12,765 1,210 1,306 9,788 436 2,700 362 473 3,507 2,098 368 8,987 1,295 2,425 - 36,510 - |
£ 200,392 107,566 92,826 16,720 109,546 94,374 15,172 |
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 |
Page 3
Walsham Le Willows Sports Club CIO
Trading and Profit and Loss Account for the year ended 30 June 2025
| 30/6/25 £ Brought forward Finance costs Bank charges NET PROFIT |
30/6/24 £ £ 15,172 224 14,948 |
£ 20,063 137 |
|---|---|---|
| 19,926 |
Page 4
Walsham Le Willows Sports Club CIO
Balance Sheet 30 June 2025
| 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 CEN Insignis 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 Net Wages Other creditors Accrued expenses NET ASSETS FINANCED BY RESERVES AND FUNDS Reserves 2 Capital account 3 |
30/6/25 £ £ 2,332,133 1,768 2,007 - 34,684 458 61 21,717 5,115 12,671 31,692 5,766 11,366 17,454 59,110 6,180 33 1,948 1,195 126 213,351 3,358 225 6,250 1,320 11,153 202,198 2,534,331 2,084,414 449,917 2,534,331 |
30/6/24 £ £ 779,011 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 13,327 168,772 947,783 512,814 434,969 947,783 |
30/6/24 £ £ 779,011 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 13,327 168,772 947,783 512,814 434,969 947,783 |
|---|---|---|---|
| 947,783 | |||
| 512,814 434,969 |
|||
| 947,783 |
Page 5
Walsham Le Willows Sports Club CIO
Notes to the Financial Statements for the year ended 30 June 2025
TANGIBLE FIXED ASSETS
1.
| 1. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Main | Improvements | ||||||
| Freehold | Clubhouse | to | Plant and | ||||
| property | and Land | property | machinery | Totals | |||
| £ | £ | £ | £ | £ | |||
| COST | |||||||
| At 1 July 2024 | 263,728 | - | 455,274 | 179,673 | 898,675 | ||
| Additions | - | 1,571,600 | 13,791 | 1,455 | 1,586,846 | ||
| Disposals | - | - | (2,536) | (7,153) | (9,689) | ||
| At 30 June 2025 | 263,728 | 1,571,600 | 466,529 | 173,975 | 2,475,832 | ||
| DEPRECIATION | |||||||
| At 1 July 2024 | 20,768 | - | 40,965 | 57,931 | 119,664 | ||
| Charge for year | - | - | 11,574 | 22,150 | 33,724 | ||
| Eliminated on disposal | - | - | (2,536) | (7,153) | (9,689) | ||
| At 30 June 2025 | 20,768 | - | 50,003 | 72,928 | 143,699 | ||
| NET BOOK VALUE | |||||||
| At 30 June 2025 | 242,960 | 1,571,600 | 416,526 | 101,047 | 2,332,133 | ||
| At 30 June 2024 | 242,960 | - | 414,309 | 121,742 | 779,011 | ||
| The main pavilion and clubhouse gifted to the club, along | with related land, has been revalued as | at 30th Ju | |||||
| 2025 in line with an independent professional valuation and thus introduced at this value. | |||||||
| 2. | RESERVES | ||||||
| Revaluation | Other | ||||||
| reserve | reserves | Totals | |||||
| £ | £ | £ | |||||
| At 1 July 2024 | - | 512,814 | 512,814 | ||||
| Revaluations | 1,571,600 | - | 1,571,600 | ||||
| At 30 June 2025 | 1,571,600 | 512,814 | 2,084,414 | ||||
| 3. | CAPITAL ACCOUNT | ||||||
| 30/6/25 | 30/6/24 | ||||||
| £ | £ | £ | £ | ||||
| Brought forward | 434,969 | 415,043 | |||||
| Add | |||||||
| Net profit | 14,948 | 19,926 | |||||
| 449,917 | 434,969 | ||||||
| 449,917 | 434,969 |
The main pavilion and clubhouse gifted to the club, along with related land, has been revalued as at 30th June 2025 in line with an independent professional valuation and thus introduced at this value.
Page 6