CHARITY REGISTRATION NUMBER: CE014926
RIBBLE VALLEY COMMUNITY SPORTS TRUST UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2021
RIDEHALGH LIMITED
Chartered Accountants Guardian House 42 Preston New Road Blackburn BB2 6AH
RIBBLE VALLEY COMMUNITY SPORTS TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
| PAGES | PAGES | |
|---|---|---|
| Trustees' annual report | 1 | to 2 |
| Independent examiner's report to the trustees | 3 | |
| Statement of financial activities | 4 | |
| Statement of financial position | 5 | |
| Notes to the financial statements | 6 | to 9 |
| The following pages do not form part of the financial statements | ||
| Detailed statement of financial activities | 11 |
RIBBLE VALLEY COMMUNITY SPORTS TRUST
TRUSTEES' ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Ribble Valley Community Sports Trust Charity registration number 1179628 Principal office C/O Ridehalgh Limited Guardian House 42 Preston New Road Blackburn BB2 6AH THE TRUSTEES W. Aspinall G. Bridge D. Crook Independent examiner Ridehalgh Limited Guardian House 42 Preston New Road Blackburn BB2 6AH
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is registered as a Charitable Incorporated Organisation (CIO). Its governing document is a written Constitution.
The CIO has power to do anything which is calculated to further its objects or is conducive or incidental to doing so.
The charity trustees shall manage the affairs of the CIO and may for the purpose exercise all the powers of the CIO. It is the duty of each charity trustee:
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to exercise his or her powers and to perform his or her functions as a trustee of the CIO in the way he or she decides in good faith would be most likely to further the purpose of the CIO: and
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to exercise, in the performance of those functions, such care and skill as is reasonable in the circumstances having regard in particular to:
a) any special knowledge or experience that he or she has or holds himself or herself out as having: and
b) if he or she acts as a charity trustee of the CIO in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 DECEMBER 2021
OBJECTIVES AND ACTIVITIES
The promotion of community participation in healthy recreation for the inhabitants of the Ribble Valley and the surrounding areas, in particular by providing facilities for playing football and other sports in the interests of social welfare and in order to improve the quality and conditions of life.
ACHIEVEMENTS AND PERFORMANCE
We have invested significantly in the facilities provided by the trust since formation and we are able to report that they can now be hired by the community for their enjoyment and to raise funds for further investment.
FINANCIAL REVIEW
Details of the Charity's financial activities on page 4 show a net income of £4,255 for the year. The Charity's financial position on page 5 shows net assets of £12,316 at 31 December 2021.
The trustees' annual report was approved on 15 December 2022 and signed on behalf of the board of trustees by:
W. Aspinall Trustee
G. Bridge Trustee
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIBBLE VALLEY COMMUNITY SPORTS TRUST
YEAR ENDED 31 DECEMBER 2021
I report to the trustees on my examination of the financial statements of Ribble Valley Community Sports Trust ('the charity') for the year ended 31 December 2021.
RESPONSIBILITIES AND BASIS OF REPORT
The trustees are also the directors of the company for the purposes of company law and are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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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 accounts to be reached.
Ridehalgh Limited Independent Examiner
Guardian House 42 Preston New Road Blackburn BB2 6AH
15 December 2022
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 23,994 | 23,994 | 42,980 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 23,994 | 23,994 | 42,980 | |
| ============================ | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 19,739 | 19,739 | 40,218 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 19,739 | 19,739 | 40,218 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 4,255 | 4,255 | 2,762 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 8,061 | 8,061 | 5,299 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 12,316 | 12,316 | 8,061 | |
| ============================ | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 9 form part of these financial statements.
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 8 | 3,374 | 4,248 | ||
| CURRENT ASSETS | |||||
| Debtors | 9 | 285 | – | ||
| Cash at bank and in hand | 9,257 | 4,413 | |||
| ----------------------- | ----------------------- | ||||
| 9,542 | 4,413 | ||||
| CREDITORS: amounts falling due | |||||
| within one year | 10 | 600 | 600 | ||
| ----------------------- | ----------------------- | ||||
| NET CURRENT ASSETS | 8,942 | 3,813 | |||
| ---------------------------- | ----------------------- | ||||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 12,316 | 8,061 | |||
| ---------------------------- | ----------------------- | ||||
| NET ASSETS | 12,316 | 8,061 | |||
| ============================ | ======================= | ||||
| FUNDS OF THE CHARITY | |||||
| Unrestricted funds | 12,316 | 8,061 | |||
| ---------------------------- | ----------------------- | ||||
| Total charity funds | 11 | 12,316 | 8,061 | ||
| ============================ | ======================= |
These financial statements were approved by the board of trustees and authorised for issue on 15 December 2022, and are signed on behalf of the board by:
W. Aspinall Trustee
The notes on pages 6 to 9 form part of these financial statements.
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is C/O Guardian House, 42 Preston New Road, Blackburn, Lancashire, BB2 6AH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
There are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
3. ACCOUNTING POLICIES (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 15% per annum reducing balance Equipment - 20% per annum straight line
4. DONATIONS AND LEGACIES
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| DONATIONS | ||||
| Donations | 2,904 | 2,904 | 10,874 | 10,874 |
| Grants | 9,090 | 9,090 | 21,106 | 21,106 |
| Pitch rents | 12,000 | 12,000 | 11,000 | 11,000 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 23,994 | 23,994 | 42,980 | 42,980 | |
| ============================ | ============================ | ============================ | ============================ |
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
5. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Sports facilities hire | 19,739 | 19,739 | 40,218 | 40,218 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 6. | EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2021 | 2020 | |||
| £ | £ | £ | |||
| Sports facilities hire | 19,739 | 19,739 | 40,218 | ||
| ============================ | ============================ | ============================ | |||
| 7. | NET INCOME | ||||
| Net income is stated after charging/(crediting): | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 874 | 874 | |||
| ============== | ============== | ||||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Fixtures and | |||||
| fittings | Equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 1 January 2021 and 31 December 2021 | 3,666 | 1,649 | 5,315 | ||
| ======================= | ======================= | ======================= | |||
| Depreciation | |||||
| At 1 January 2021 | 578 | 489 | 1,067 | ||
| Charge for the year | 544 | 330 | 874 | ||
| ----------------------- | ----------------------- | ----------------------- | |||
| At 31 December 2021 | 1,122 | 819 | 1,941 | ||
| ======================= | ======================= | ======================= | |||
| Carrying amount | |||||
| At 31 December 2021 | 2,544 | 830 | 3,374 | ||
| ======================= | ======================= | ======================= | |||
| At 31 December 2020 | 3,088 | 1,160 | 4,248 | ||
| ======================= | ======================= | ======================= | |||
| 9. | DEBTORS | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Prepayments and accrued income | 285 | – | |||
| ============== | ============== | ||||
| 10. | CREDITORS: amounts falling due within one year | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Accruals and deferred income | 600 | 600 | |||
| ============== | ============== |
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 DECEMBER 2021
11. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | January | 20 | 31 | December | ||
| 21 | Income | Expenditure | 2021 | |||
| £ | £ | £ | £ | |||
| General funds | 8,061 | 23,994 | (19,739) |
12,316 | ||
| ======================= | ============================ | ============================ | ============================ | |||
| At | At | |||||
| 1 | January | 20 | 31 December | |||
| 20 | Income | Expenditure | 2020 | |||
| £ | £ | £ | £ | |||
| General funds | 5,299 | 42,980 | (40,218) |
8,061 | ||
| ======================= | ============================ | ============================ | ======================= |
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
MANAGEMENT INFORMATION
YEAR ENDED 31 DECEMBER 2021
The following pages do not form part of the financial statements.
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RIBBLE VALLEY COMMUNITY SPORTS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 2,904 | 10,874 |
| Grants | 9,090 | 21,106 |
| Pitch rents | 12,000 | 11,000 |
| ---------------------------- | ---------------------------- | |
| 23,994 | 42,980 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 23,994 | 42,980 |
| ============================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Rates and water | 1,245 | – |
| Light and heat | 1,718 | 1,202 |
| Repairs and maintenance | 12,707 | 34,679 |
| Insurance | 854 | 1,981 |
| Legal and professional fees | 1,286 | – |
| Other office costs | 960 | 1,260 |
| Depreciation | 874 | 874 |
| Sundry expenses | 95 | 222 |
| ---------------------------- | ---------------------------- | |
| 19,739 | 40,218 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 19,739 | 40,218 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 4,255 | 2,762 |
| ============================ | ============================ |
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