Charity registration number: 1180686
Belvedere and Calder Vale Sports Club
(A Charitable Incorporated Organisation)
Annual Report and Financial Statements
for the Year Ended 31 May 2022
Belvedere and Calder Vale Sports Club
Contents (continued)
| Trustees' Report | 1 to 4 |
|---|---|
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 18 |
Belvedere and Calder Vale Sports Club
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2022.
Objectives and activities
The objects of the CIO are:
To promote affordable community participation in healthy recreation by providing and maintaining facilities for all members of the public who wish to participate, regardless of ability, in playing cricket, association football, rugby union football and other outdoor sports and activities in the interests of social welfare.
To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life.
To advance the health and wellbeing of children and young people through the provision of opportunities and facilities to participate in team based sports such as cricket, association football and rugby union football to develop their physical,mental and spiritual capabilities to enable them to grow to full maturity as individuals and members of society.
Public benefit
Activities aim to further or benefit the members and local residents (and its surrounding areas) in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the members, residents and local community.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
The trustees are pleased to report that the beginning of the financial year coincided with a the relaxtion of the 'Covid-19' restrictions. The charity was able to continue to generate funds and had increased numbers able to attend both indoor and outdoor events.
Sporting activites provided to the local community were able to fully carried out with no further interuptions to players and spectators.
Financial review
The results for the year and the company’s financial position at the end of the year are shown in the attached financial statements.
During the year the Charity had income of £49,411 (2021 - £143,340) of which £2,250 was restricted (2021 - £45,750) and expenditure of £96,532 (2021 - £18,536) of which £37,006 was restricted (2021 - £10,548). There was an operating deficit of -£47,121 (2021 - surplus £124,804) of which -£34,756 was restricted (2021 - surplus £35,202).
At 31 May 2022 the Charity had net assets of £77,683 (2021 - £124,804) of which £446 was restricted (2021 - £35,202).
Page 1
Belvedere and Calder Vale Sports Club
Trustees' Report (continued)
Policy on reserves
The Trustees consider the level of reserves, £77,683 (2021 - £124,804), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.
Structure, governance and management
Nature of governing document
Belvedere & Calder Vale Sports Club is a Charitable Incorporated Organisation (CIO) governed by its Memorandum and Articles of Association dated 14 November 2018. It is a registered charity with the Charity Commission. In the event the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Recruitment and appointment of trustees
The appointment of trustees is set out in the Articles of Association. There should be not less than four nor more than nine elected trustees. At every annual general meeting of the members of the CIO, one-third of the elected charity trustees shall retire from office.
The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. If any trustees were last appointed or reappointed on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot.
The vacancies so arising may be filled by the decision of the members at the annual general meeting. The members or the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed, or as an additional charity trustee, provided that the limit on the number of charity trustees would not as a result be exceeded.
Induction and training of trustees
The charity trustees will make available to each new charity trustee, on or before his or her first appointment:
A copy of the constitution and any amendments made to it. A copy of the CIO's latest trustees' annual report and statement of accounts.
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Belvedere and Calder Vale Sports Club Trustees' Report (continued)
Relationships with related parties
BCVSC Limited
BCVSC Limited is a 100% subsidiary of Belvedere & Calder Vale Sports Club.
Reference and Administrative Details
Registered Charity Name: Belvedere and Calder Vale Sports Club Charity Registration Number: 1180686 Principal Office: Holden Road Burnley Lancashire BB10 2LE Independent Examiner: Steven Wood FCA Hargreaves Brown and Benson 1 Bond Street Colne Lancashire BB8 7AF
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Belvedere and Calder Vale Sports Club
Trustees' Report (continued)
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: H A Finnan (resigned 3 September 2023) S W Jackson P G Pickles (resigned 3 September 2023) A J Clifford Dr M W McDevitt W R Dooley J S W Rogerson (resigned 3 September 2023) C W Woodall (resigned 3 September 2023) F E Entwistle (appointed 22 April 2024) J E Lancaster (appointed 3 September 2023) K B Skelton (appointed 3 September 2023) P Gibson (appointed 3 September 2023) Chairman: W R Dooley
The annual report was approved by the trustees of the charity on 9 October 2024 and signed on its behalf by:
W R Dooley W R Dooley (Oct 9, 2024 16:37 GMT+1)......................................... W R Dooley Chairman and trustee
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Belvedere and Calder Vale Sports Club
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper 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 Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 9 October 2024 and signed on its behalf by:
W R Dooley W R Dooley (Oct 9, 2024 16:37 GMT+1)......................................... W R Dooley Chairman and trustee
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Belvedere and Calder Vale Sports Club
Independent Examiner's Report to the trustees of Belvedere and Calder Vale Sports Club
I report to the trustees on my examination of the accounts of Belvedere and Calder Vale Sports Club for the year ended 31 May 2022.
Responsibilities and basis of report
As the charity trustees of Belvedere and Calder Vale Sports Club you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Belvedere and Calder Vale Sports Club's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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 Belvedere and Calder Vale Sports Club as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
Steven Wood (Oct 10, 2024 08:47 GMT+1)
...................................... Steven Wood FCA Institute of Chartered Accountants in England and Wales
Hargreaves Brown and Benson 1 Bond Street Colne Lancashire BB8 7AF
10 October 2024
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Belvedere and Calder Vale Sports Club
Statement of Financial Activities for the Year Ended 31 May 2022
| Note Income and Endowments from: Donations and legacies Other trading activities Investment income 4 Total income Expenditure on: Charitable activities Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 Income and Endowments from: Donations and legacies Other trading activities Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds carried forward |
Unrestricted funds £ Restricted funds £ Total 2022 £ 27,397 2,250 29,647 19,731 - 19,731 33 - 33 47,161 2,250 49,411 (59,526) (37,006) (96,532) (59,526) (37,006) (96,532) (12,365) (34,756) (47,121) (12,365) (34,756) (47,121) 89,602 35,202 124,804 77,237 446 77,683 Note Unrestricted funds £ Restricted funds £ 74,316 45,750 23,274 - 97,590 45,750 (7,988) (10,548) (7,988) (10,548) 89,602 35,202 89,602 35,202 16 89,602 35,202 |
Total 2022 £ 29,647 19,731 33 |
Total 2021 £ 120,066 23,274 - |
|
|---|---|---|---|---|
| 49,411 | 143,340 | |||
| (96,532) | (18,536) | |||
| (96,532) | (18,536) | |||
| (47,121) | 124,804 | |||
| (47,121) 124,804 |
124,804 - |
|||
| 77,683 | 124,804 | |||
| Note 16 |
Total 2021 £ 120,066 23,274 |
|||
| 143,340 | ||||
| (18,536) | ||||
| (18,536) | ||||
| 124,804 | ||||
| 124,804 | ||||
| 124,804 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 9 to 18 form an integral part of these financial statements. Page 7
Belvedere and Calder Vale Sports Club
(Registration number: 1180686) Balance Sheet as at 31 May 2022
| Note Fixed assets Tangible assets 11 Investments 12 Current assets Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 15 Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 16 |
2022 £ 93,108 100 93,208 17,975 (9,500) 8,475 101,683 (24,000) 77,683 446 77,237 77,683 |
2021 £ 98,741 100 |
|---|---|---|
| 98,841 | ||
| 66,563 (8,600) |
||
| 57,963 | ||
| 156,804 (32,000) |
||
| 124,804 | ||
| 35,202 89,602 |
||
| 124,804 |
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 9 October 2024 and signed on their behalf by:
W R Dooley (Oct 9, 2024 16:37 GMT+1) ~~.........................................~~ W R Dooley W R Dooley Chairman and trustee
The notes on pages 9 to 18 form an integral part of these financial statements. Page 8
Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022
1 Accounting policies
General Information
Belvedere and Calder Vale Sports Club is a Charitable Incorporated Organisation (CIO), registered with the Charities Commission in England and Wales, registration number 1180686. The charity is a public benefit entity; its principal office is at Holden Road, Burnley, Lancashire, BB10 2LE.
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Belvedere and Calder Vale Sports Club meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Exemption from preparing group accounts
The charity is exempt from preparing consolidated financial statements permitted by the Charities Act 2011.
The statements are separate financial statements and therefore present information about the charity as an individual undertaking and not as a group.
The activities of the subsidiary are related to those of the charity by virtue of the subsidiary operating from premises owend by the charity, thus generating revenue for the subsidiary which may then be gifted to the parent.
The equity method is used to account for the investments in the subsidiaries.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
Gifts in kind
Gifts in kind are recognised in different ways dependent on how they are used by the charity:
(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.
(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Land and buildings 2-10% Straight line Plant and equipment 20% Straight line
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants; Government grants Total for 2022 Total for 2021 |
Unrestricted funds General £ 9,170 7,500 3,020 7,707 27,397 74,316 |
Restricted funds £ - - - 2,250 2,250 45,750 |
Total funds £ 9,170 7,500 3,020 9,957 |
|---|---|---|---|
| 29,647 | |||
| 120,066 |
3 Income from other trading activities
| Membership subscriptions Property rental income Other income from other trading activities Total for 2022 Total for 2021 4 Investment income Interest receivable and similar income; Interest receivable on bank deposits Total for 2022 |
Unrestricted funds General £ 1,490 17,221 1,020 19,731 23,274 Unrestricted funds General £ 33 33 |
Total funds £ 1,490 17,221 1,020 |
|---|---|---|
| 19,731 | ||
| 23,274 | ||
| Total funds £ 33 |
||
| 33 |
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
5 Expenditure on charitable activities
| Note Depreciation, amortisation and other similar costs Staff costs Rates Water rates Insurance Repairs and maintenance Dressing room repairs General maintenance Charitable donations Sundry expenses Loan interest Governance costs Total for 2022 Total for 2021 |
Unrestricted funds General £ 5,633 11,814 623 2,947 2,775 10,295 - 1,696 19,420 780 878 2,665 59,526 7,988 |
Restricted funds £ - - - - - - 37,006 - - - - - 37,006 10,548 |
Total funds £ 5,633 11,814 623 2,947 2,775 10,295 37,006 1,696 19,420 780 878 2,665 |
|---|---|---|---|
| 96,532 | |||
| 18,536 |
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
6 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Legal fees Total for 2022 Total for 2021 |
Unrestricted funds General £ 900 1,765 2,665 1,008 |
Total funds £ 900 1,765 |
|---|---|---|
| 2,665 | ||
| 1,008 |
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries |
2022 £ 11,814 |
2021 £ 601 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year
9 Independent examiner's remuneration
| 9 Independent examiner's remuneration |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Examination of the financial statements | 900 | 500 |
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
11 Tangible fixed assets
| Cost At 1 June 2021 At 31 May 2022 Depreciation Charge for the year At 31 May 2022 Net book value At 31 May 2022 At 31 May 2021 12 Fixed asset investments Shares in group undertakings and participating interests Shares in group undertakings and participating interests Cost At 1 June 2021 At 31 May 2022 Net book value At 31 May 2022 At 31 May 2021 |
Land and buildings £ 81,147 |
Plant and equipment £ 17,594 |
Total £ 98,741 98,741 5,633 5,633 93,108 98,741 2021 £ 100 |
||
|---|---|---|---|---|---|
| 81,147 | 17,594 | ||||
| 2,115 | 3,518 | ||||
| 2,115 | 3,518 | ||||
| 79,032 | 14,076 | ||||
| 81,147 | 17,594 | ||||
| 2022 £ 100 Subsidiary undertakings £ 100 |
|||||
| Total £ 100 100 100 100 |
|||||
| 100 | |||||
| 100 | |||||
| 100 |
Details of undertakings
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
| Country of | Proportion of voting rights | Proportion of voting rights | Principal | |||
|---|---|---|---|---|---|---|
| Undertaking | incorporation | Holding | and shares held | activity | ||
| 2022 | 2021 | |||||
| Subsidiary undertakings | ||||||
| The operation | ||||||
| BCVSC Limited | England and Wales | Ordinary shares |
100% | 100% | of a members sports club |
|
| and bar |
The profit for the financial period of BCVSC Limited was £2,201 (2021 - £7,799) and the aggregate amount of capital and reserves at the end of the period was £10,000 (2021 - £7,899).
13 Cash and cash equivalents
| 13 Cash and cash equivalents | ||
|---|---|---|
| Cash at bank 14 Creditors: amounts falling due within one year Bank loans Accruals 15 Creditors: amounts falling due after one year Bank loans |
2022 £ 17,975 2022 £ 8,000 1,500 9,500 2022 £ 24,000 |
2021 £ 66,563 |
| 2021 £ 8,000 600 |
||
| 8,600 | ||
| 2021 £ 32,000 |
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
| 16 Funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 June 2021 £ 89,602 35,202 124,804 |
Incoming resources £ 47,161 2,250 49,411 |
Resources expended £ (59,526) (37,006) (96,532) |
Balance at 31 May 2022 £ 77,237 446 |
|---|---|---|---|---|
| 77,683 |
The specific purposes for which the funds are to be applied are as follows:
Restricted funds
Dressing room project: Build costs
17 Analysis of net assets between funds
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted funds General £ 98,741 100 31,361 (8,600) (32,000) 89,602 |
Unrestricted funds General £ 93,108 100 17,975 (9,500) (24,000) 77,683 Restricted funds £ - - 35,202 - - 35,202 |
Total funds at 31 May 2022 £ 93,108 100 17,975 (9,500) (24,000) |
|---|---|---|---|
| 77,683 | |||
| Total funds at 31 May 2021 £ 98,741 100 66,563 (8,600) (32,000) |
|||
| 124,804 |
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Belvedere and Calder Vale Sports Club
Notes to the Financial Statements for the Year Ended 31 May 2022 (continued)
18 Related party transactions
During the year the charity made the following related party transactions:
BCVSC Limited
(BCVSC Limited is the 100% subsidiary of Belvedere and Calder Vale Sports Club.
The aggregate amount of donations received in the year from related parties was £nil (2022 - £nil).) At the balance sheet date the amount due to/from BCVSC Limited was £Nil (2021 - £Nil).
19 Liability of members
The charity is constituted as a charitable incorporated organisation. In the event of the charity being wound up members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Page 18