Registered number: 11108829 Charity number: 1179716 CAM SPORTS CLUB (A COMPANY LIMITED BY GUARANTEE) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CAM SPORTS CLUB IA COMPANY LIMITED BY GUARANTEE) CONTENTS Page Roference and adminlstratlve detalls of the company• Its Trustees and advlsers Trustees. report Independent exarnlnerfs report statement of flnanclal activlties Balan¢0 Sheet Notm lo the Ilnanclal statements 9-17
CAM SPORTS CLUB (A COMPANY LIMED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 310ECEMBER 2024 Trustees Mr N R Malpass. Chairman (appointed 14 May 2024) Mr R Workman, Ve Chairman lappoinled 14 May 20241 Mr B EveretL Secretary Mr J W Dafby, Treasurer Mrs J S Pritchard, Trustee (appointed 14 May 2024) Mr A T Evans, Ex Chairnian (resigned 14 May 2024) Company rngl8tèred Thumber 11108829 Charlty reglsterod number 1179716 Règi#tergd offic? The PaViln Evertands Cam Dursley Glos. GL115NL Company secretary Mr B Everett Bankorn Barclays Bank Pl¢ 18 Soulhgate Street Gtou¢e$ler GL12DH Page 1
CAM SPORTS CLUB IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual rep(wt 103ether with the financial statements of the Cam Sports Club for the year 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confim Ihal the Annual report and financpl statements of the charitable company comply with the Current statutory reqLtiremenls, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice {SORPI applicable to Charities preparing their accounts in accordance with the Finanejal Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. Since the company qualrfies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 {Stralegic Report and Directors, Report) Regulations 2013 has been omitted. OBJECTIVES AND ACTIVITIES •. Pollcle8 and obJ•¢tlves The promotion of Communty parbcipats.on in healthy reueation for the benefft of the inhabitants of Glou¢e$tershire by the provision ol fa¢l1ils for plawng ¢ri¢ket. tennis and football. In setting obje¢tives and planning for activities. the Trustees have given due considerallon to general guidance publlshed by the Charity Commission relating to publ benefit. including the guidance 'Publi¢ benefit.. running a charity IP821'. b. Actlvltlos undertak•n to achlevo objoctfve8 The charity operates and maintains a 5WJrts field. dub house and changing fau'lits'es ft)r use by the Inhabilanls of Cam and the surrounding area. IYS main source of income is subscriptions from the affiliated sporting section$, Cricket, Football and Tennis. rental income from its trading subsidkary, donations and an annual beer fests'val. c. Volunteors The charity is run by volunteers who are not entitled to receive any remuneration. ACHIEVEMENTS AND PERFORMANCE a. Maln achlev¢monts of the ¢ompany Other than fundraising, subscript$ and rent received from the trading subsidiary, the main source of income for the ¢harily is their annual beer festival hek1 in the grounds of the club every August. In the year ended 31 December 2024 the profil from the festival was £15.52712023'. £14,727). It is a crucial element of the continued su¢cess of the charity and despite increasing costs remains profitable. On 13 June 2025, the Club was successful in purchasing the existing leased land for £100,000, following a grant received from Cam Parish Council, a very satisfying end lo a long process. b. Investrnent polley and perfomiance There are no restrictions on the investments that can be held. The investrnent policy of the charty is to hold any short-term suwus ftjnds in low risk. interest earning bank accounts for a period of up lo 95 days at a time. Page 2
CAM SPORTS CLUB {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDEO 31 DECEMBER 2024 FINANCIAL REVIEW . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the ¢ompany has adequate resources to continue in operatsonal existence for the foreseeable future. FOT this reason, they continue to adopt the going concern basis in preparing the financial ststements. Further details regardin9 the adoption of the going concern basis can be found in the accounting p)licies. b. Reserves policy The Organisalton aims to maintain a level of reserves. which underpins the organisation through a period of internjplion. Thi5 is considered to be the value of around 12 month5 expenditure of £30,000. Additional funds are cUrn11Y being held in reserve towards the al costs of pUhasIng the leased land in 2025, fighting a boundary dispute and for improvements to the clubhouse. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Cam Sports Club is ffjgistsred as a ¢harilable company limrted by guarantee and was set up by a Memorandum of Association. b. Method8 of appolntment or electlon of Trusleos The management of the company is the responsibility of the Trustees vtho are elected and ¢O<Jpled under the terms of the Memorandum of Association. c. Organl8atlonl 8tru¢ture and doclslon4naklng pollcle$ The charity is run by a Trustee ldY of at least directors with no maximum. The trustees meet at least six times per year and are responsibSe for the strategic direcb'on and p)licy of the ¢harilable ¢ompany. RepresenlalNe members of all core sporb'ng secb.ons also attend Trustee meetsngs and assist in the decision- making. d. Flnanclal rlsk management The Trustees have assessed the major ri$k$ to which the company 1$ exposed, in particular those related lo the operations and finanees of the company. and are satisfied that systems and proeedures are in place to mitigate exposure lo the major risks. MEMBERS. LIABILrrY The Members of the company guarantee to contribute an amount not exceeding £1 to the assels of the company in the event of wnding up. Page 3
CAM SPORTS CLUB {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees {who are also the directors of the company for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance wrth applicable law and United Kingdom Accountsng Standards (United Kingdom Generalty Accepted Accounting Pracli¢el. Company law requires the Trustees lo prepare financi81 ststements for each financial year. Under company law, the Tru51ees must not approve the finan¢ial stslemenls unless they are satisfd that they give a true and fair view of the stale ol affairs of the company and of its incoming resources and application of reSoUes, including rts income and expenditure. for that period. In preparing these financial stalemenls. the Trustees are required lo.. select suitable accounting policies and then appty them consistently,. observe the methods and prinaples of the Chantie$ SORP IFRS 1021.. make judgments and accounting esb"males that are reasonable and prudent.. stale whether applicable UK A¢¢ounts"ng Standards IFRS 102) have been followed, Subject to any material departures disclosed and explained in the finan¢ial statements. prepare the financial statements on the going ¢on¢em basis unless it is inappropriate to presume that the company will continue in business. The Trustees a responsible for keeping adequate accounts'ng records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them lo ensure that the financial statements comply with the Companies A¢1 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulants"es. Approved by or(ler of the members of the board of Trustees and signed on their behalf by.. NtrNRMal Chairman Date.. 28181 Page 4
CAM SPORTS CLUB IA COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAM SPORTS CLUB I'the company'l I report lo the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company {and its directors for the purposes of company lawl you are responsible for the preparatson of the accounts in accordance with the requirements of the CoMpanS Act 20C61'the 2006 Acl'l. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on. I report in respect of my examinab'on of the company's accounts earried out under wtion 145 of the Charities Act 2011 I'the 2011 ACVI. In carrying out my examination I have followed the DIrecn$ given by the Charity Commission under section 1451511bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. l Confimi that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounbng records were not kept in respecl of the company as required by $eGtion 386 of the 2006 AGt', or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of thg 2006 Act other than any requirement that the accounts gNe a 'true and fairf V which is not a maller Considered as part of an independenl examlnation., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitses lapplicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland IFRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report Is made solely to the company's Trustees, as 8 body, in accordance with Part 4 of the Charitie$ (Accounts ané Reports) Regulations 2008. My work has been undertaken so that I might stale to the company'$ Trustees those matters l am required to slate lo them in an Independent examinerfs report and for no other purpose. To the fullest extent pemiitted by law. I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body. for my work or for this reF()rt. Signed.. Dated.. ,1,125 Stephen Stephens Page 5
CAM SPORTS CLUB (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Uniestrieted funds 2024 Total funds 2024 Total funds 2023 Note Incorne from: Donations and grants Charitable activities Other trading activrties Investments 7,156 3,370 55,328 2,934 7.156 3.370 55.328 2.934 4.845 2,485 52,959 1.619 Total Income 68,788 68,788 61,908 Expendlture on: Raising funds Charitable activities 25,201 31.022 25.201 31,022 23,447 27,274 Total expondlture 56.223 56,223 50,721 Net movement In funds 12,565 12.565 11,187 Rècon¢lllatlon of fund$: Total funds brought forward Nel movement in funds 98,975 12,565 98,975 12,565 87,788 11,187 Total funds carrlfrd forward 111,540 111,540 98,975 The notes on pages 9 to 17 ft)rm part of these financial ststements. Page 6
CAM SPORTS CLU8 IA COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER:11108829 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed assets Tangible assets Investments 12 13 21.155 20.336 21.156 20,337 Curront assets Slo¢k$ Debtors 564 8,773 72.191 14 8,376 93,937 Cash at bank and in hand 102,741 81.528 Curront Il•bllltles Creditors.. 8mounts falling due within one year 15 112,357) 12,8901 Net curront assets 78.638 Total as8ets108s current Ilabllltlo8 98,975 Not assets excludlng penslon avdet 111.540 98,975 Total net assets 111,540 98,975 Charlty funds Reslricled funds Unrestrfcted funds 111.$40 98,975 Total fund8 111.540 98,975 Page 7
CAM SPORTS CLUB IA COMPANY LIMITED BY GUARANTEE) REGISTERED NUM8ER:11108829 BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 2024 The charity was efited to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to oblain an audil for the year in question in accordance with sects'on 476 of Companies A¢1 2006. The Trustees acknowledge thar responsibilities for comptying the requirements of the Act with respect to accounting re¢ords and Pfeparalion of finarrial statements. The financial statements have been prepared in acxordance wth the provisions applicable to enblies subject to the $mall companEs regime. The financial slalements were approved and authotised for issue by the Ttee$ and signed on their behalf by.. Zs13 MT N R Malpass Chairman Date". The notes on pages 9 to 17 fomi part of these ffinanaal statements. Page 8
CAM SPORTS CLUB IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GENERAL INFORMATION Cam Sp)rts Club is a private limited oynpany, limrted by guarantee, and registered in England wlthin the United lfj'ngdom. The company's registered number is 11108829 and the add$S of the registered offi is The Pavilion. Evedands, Cam. Gb5. GL115NL. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial slalements have been prepared in accordance I1h the Charities SORP IFRS 102} - A¢counting and Reporting by Charitses.. 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) leffe¢bve 1 January 2019} and the Companies Act 2006. Cam Sports Club meets the definiti of a publbc benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value Un$$ otheNrise staled in the relevant ac¢ounling policy. 2.2 GOING CONCERN The Trustees have a feasonable expectation that the company has adequate resourees to continue in operational existence for the foreseeable fvlure as the cash reserves are sufficient to cover the operating costs for al least 12 months from the balance sheet dale. For this reason, they Continue to adopt the going ¢oncem basis in preparing the financial statemonts. 2.3 INCOME l income is re¢ognised On the company has entitlement to the income. il is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax cOverable in relation to donations receNed under Gift Aid or deeds of covenant is re¢ognised al the lime of the donation. Page 9
CAM SPORTS CLUB
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES Icontlnued)
2.4 EXPENDITURE
Expenditure is recognised once there is a kgal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefi'ts will be required in Settment and
the amount of the obligabon can be measured reliably. Expenditu is classified by activity. The costs
of each activity are made up of the lotsl of direct costs and shared costs, including support costs
involved in undertaking each acb.vity Diiecl costs attributsble to a single activity are allocated dire¢lly
to that aebvity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are appOrtned between those activib'es on a basis consistent with
the use of resources. Central staff cosls are allccated on the basis of tme spent. and depreciation
charges alICted on the pOrtn of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its
charitsble purposes and in¢ludes cosls of all fvndraising actwities events and non
CAM SPORTS CLUB (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES Icontlnuedl 2.8 STOCKS Sloeks are valued at the lower of cost and net realisable value after making due allowan for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.9 DEBTORS Trade and other debtors are reccgnised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade dIscontS due. 2.10 CASH AT BANK AND IN HAND Cash al bank and in hand in¢ludes cash and short-lemi highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar accoursl. 2.11 LIABILITIES AND PROVISIONS Liabilities are recognised when the is an obligation at the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefil will be requifed in setuement, and the amount of the sethemenl can be estimated reliabty. Liabilities are recognlsed at the amount that the company anb'cipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or seNlces it musl provide. Provisiorts a measured at the best estimate of the amounts required to settle the obligation. Wh& the effect of the lime value of money is malerial. the provision is based on the present value ol those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is COgniSed in the Statement ol financial acts'vsties as a finants ¢osl. 2.12 FINANCIAL INSTRUMENTS The company onty has finanaal assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inits.ally recognised at transaction value and subsequently measured al their settlement value with the exception of bank bjans which are subsequently measured at amortised cost using the effective interest method. 2.13 FUND ACCOUPING General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general ol¥'ectives ol the company and whith have not been designated for other purposes. Restr"cted funds a funds which are lo be used in accordance wtth specific reSttionS imwsed by donors or which have been raised by the company for parb'cular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fvnd is sel out in the notes lo the financial staternents. Investment incnme, gains and losses are althated to the appropriate fund. Page 11
CAM SPORTS CLUB (A COMPANY LIMITEO BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME FROM DONATIONS AND GRANTS Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Donalons 7.156 7,156 4,845 INCOME FROM CHARITABLE AcTIVlEs Unrestricted funds 2024 Total funds 2024 Total fund5 2023 Membership subscriptions other income 1.470 1,900 1N70 1,900 1,415 1,070 3,370 3,370 2,485 INCOME FROM OTHER TRADING ACTMTIES Income from fundraS$lng events Unrestrlclod funds 2024 Total funds 2024 Total funds 2023 Beer FestNal 40,728 40.728 38.174 Income from non charitable tradlng actlvltle8 Unrestricted funds 2024 Total fund5 2024 Total funds 2023 Rental income 14,600 14,600 14,785 Page 12
CAM SPORTS CLUB (A COMPANY LIMED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT INCOME Unrestricted funds 2024 Totsl funds 2024 Total funds 2023 Interest receivable 2,934 2.934 1,619 EXPENDITURE ON RAISING FUNDS FUNDRAISING TRADING EXPENSES Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Baor Festival cosls 25,201 25,201 23,447 ANALYSIS OF EXPENDITURE BY ACTIVITIES Support costs 2024 Total funds 2024 Total funds 2023 Sports Club 31,022 31,022 27,274 Page 13
CAM SPORTS CLUB (A COMPANY LIMffED B Y GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS Unrestrlctèd funds 2024 Total funds 2024 Total funds 2023 Depreciation Repairs and maintenance Rent and rates Heat and light Insuranee Telephone Profil I loss on disposal of assets Cleaning costs Sundry expenses Legal and professional fees Donabons 2,974 7,932 3.263 4.146 3.600 444 11.2131 2,2 2,974 7,932 3,263 4,146 3.600 2,798 6.732 3,134 3,668 2,800 417 11,2131 2,902 992 5,182 800 3,127 758 2,099 1,741 5,182 800 31,022 31,022 27,274 INDEPENDENT EXAMINER'S REMUNERATION The independent examinerfs remunerab'on amounts to an Indendent examiner fee of £ -12023,. £ -1. 10. STAFF COSTS The average number ol persons employed by the company during the year was as follows.. 2024 No. 2023 No. Trustees No employee receNed remuneration amounb'ng to more than £60,000 in either year. 11. TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees reVed any remuneralKJn or other benefits12023- £NIL). During the year ended 31 December 2024. rbo Trustee expenses have been incurred {2023 - £NILI. Page 14
CAM SPORTS CLUB (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. TANGIBLE FIXED ASSETS Property Freehold Improvemen property Plant and machinory Total COST OR VALUATION At 1 January 2024 Additions Disposals 2,750 13,575 14,798 5,280 (3.1501 31.123 5.280 {3,150} At 31 De¢ember 2024 2.750 13.575 16,928 33,253 OEPRECIATION At 1 January 2024 Charge lor the year On disposals 5,761 1.358 5,026 1,616 (1,6631 10.787 2,974 11.6631 At 31 December 2024 7,119 4,979 12.098 NET BOOK VALUE At 31 December 2024 2,750 6,456 11.949 21,155 Al 31 December 2023 2.750 7.814 9,772 20,336 Page 15
CAM SPORTS CLUB (A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. FIXED ASSET INVESTMENTS Investments In Subsidiary companles COST OR VALUATION At 1 January 2024 AT 31 DECEMBER 2024 NET BOOK VALUE AT 31 DECEMBER 2024 AT 31 DECEMBER 2023 PRINCIPAL SUBSIDIARIES The following was a subsidiary urthjertaking of the company.. Namo Company numbèr Class of share8 Holdlng Cam Sports Club (Trading) Limtted 11148526 Ordinary 100% The financial resuKs of the Subsidiary for the year We.. Income Expondtturo Net a8s0ts Cam Sports Club {Tradingl Limited 59,584 59,584 14. DEBTORS 2024 2023 DUE WtTHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued in¢ome 1.000 4,280 50 1,050 5,150 60 2,513 3,046 8,376 8,773 Page 16
CAM SPORTS CLUB (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals and deferred income 1.799 10,558 916 1,974 12.357 2,890 16. OPERATING LEASE COMMITMENTS At 31 December 2024 the fX*mpany had commitm8nts to make fvlure minimum lease payments under non-can¢ellable operating leases as follThv5'. 2024 2023 Not later than 1 year 333 17. MEMBERS. LIABILI Each member of the charitable company undertakes to contribute to the assets of Ihe company in the event of it being wound up while helshe is a member, or within one year after helshe ceases to be a member. such amount as rnay be required. not exceeding £1 for the debts and liabilitses contracted before helshe ceases to be a member. Page 17