**CHARITY REGISTRATION NUMBER: 1181305** 

## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **ANNUAL REPORT AND FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **David Allen** 

Chartered Accountants Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **CONTENTS** 

|Trustees' report|1 to 4|
|---|---|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 to 18|





## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **TRUSTEES' REPORT** 

The trustees present the annual report together with the financial statements of the charity for the year ended 30 September 2024. 

## **OBJECTIVES AND ACTIVITIES** 

The principal object of the charity is to provide for the benefit of the local community the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reasons of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the 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 Sports Association has had a very busy and productive year. The MUGA facility continues to be utilised very well, especially in the winter months. As previously the local and surrounding area junior and senior football teams like to train there. It's also enjoyed by a local holiday park during school holidays and various other groups for training and football parties. 

The West Silloth playpark project was opened in June with funding from the numerous organisations that made it possible, and we thank them wholeheartedly. It has been a great success and provided enjoyment for the local community of West Silloth. 

We hosted another Summer camp during the school summer holidays, encompassing football, rugby, cricket, tennis, and multi-sports. As usual there was an excellent take up, and the coaches made it great fun for the children. The local charity shop helped to fund this event, which we hope will be held annually. 

An outdoor Fitness gym trail of 16 stations was installed and opened in December on Silloth sea front. This was also made possible by numerous funding grants for which we are very grateful. Despite the winter weather is is proving popular with locals. 

We look forward to continuing our work, enabling us to support the local community to participate in sporting activities. 

## **FINANCIAL REVIEW** 

The charity has total funds of £203,284 (2023: £118,745) carried forward at the year end. Of this £169,575 (2023: £86,960) is restricted funds and £33,709 (2023: £31,785) is unrestricted funds. During 2024 there was a total surplus of £84,539 (2023: £3,923). Of this there was a surplus of £1,924 (2023: £3,810) for unrestricted funds and £82,615 surplus (2023: £113) for restricted funds. 



The trustees have reviewed the charity's needs for contingency reserves in line with the guidance issued by the Charity Commission. The trustees aim to maintain reserves at current levels. 

**- 1 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **TRUSTEES' REPORT (CONTINUED)** 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

|**Charity Registration Number**|1181305|
|---|---|
|**Principal Office**|13 Waver Street|
||Silloth|
||Wigton|
||CA7 4DF|
|**Independent Examiner**|Alison Welton|
||David Allen|
||Chartered Accountants|
||Dalmar House|
||Barras Lane Estate|
||Dalston|
||Carlisle|
||CA5 7NY|
|**Bankers**|Cumberland Building Society|
||12 Bridge Street|
||Appleby-in-Westmorland|
||CA16 6QH|



## **Trustees and officers** 

The trustees and officers serving during the year and since the year end were as follows: 

|**Trustees**|Mrs Z D Bewley (resigned 19 October 2023)|
|---|---|
||Mr C Baty|
||Mr S G Hart|
||Mrs M Baty|
||Ms J A Bell (appointed 23 April 2024)|



## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 


Silloth on Solway Sports Association is a Charitable Incorporated Organisation registered on 20 December 2018. 

The charity is governed by its CIO - FOUNDATION. 



The members of the committee are elected at the Annual General Meeting and all members must be members of the association. 

**- 2 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

**TRUSTEES' REPORT (CONTINUED)** 

## **FINANCIAL INSTRUMENTS** 


The charity's activities expose it to a number of financial risks including credit risk and cash flow risk. 

The charity's activities expose it primarily to the financial risks of changes in interest rates. 

The charity’s principal financial assets are bank balances and cash. 

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. 

**- 3 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **TRUSTEES' REPORT (CONTINUED)** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales 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 income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- 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 maintaining proper accounting records which 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 applicable Charities (Accounts and Reports) Regulations, 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 annual report was approved by the trustees of the charity on 11 February 2025 and signed on its behalf by: 

......................................... Mrs M Baty Trustee 

**- 4 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

I report to the charity trustees on my examination of the accounts of the charity for the period ended 30 September 2024 which are set out on pages 6 to 18. 

## **Responsibilities and basis of report** 

As the charity trustees of Silloth on Solway Sports Association 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 Silloth on Solway Sports Association'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: 

1. accounting records were not kept in respect of Silloth on Solway Sports Association as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. 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. 

...................................... Alison Welton FCA Independent Examiner 

Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY 

Date: 11 February 2025 

**- 5 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

|||||||**Total**||**Total**|
|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**||**2024**||**2023**|
||**Note**|**£**||**£**||**£**||**£**|
|**Income from:**|||||||||
|Donations, legacies and|||||||||
|grants|2|3,014||91,324||94,338||8,979|
|Charitable activities|3|6,664||-||6,664||6,390|
|Investment income|4|575||-||575||152|
|Total income||10,253||91,324||101,577||15,521|
|**Expenditure on:**|||||||||
|Charitable activities|5|(8,329)||(8,709)||(17,038)||(11,598)|
|Total expenditure||(8,329)||(8,709)||(17,038)||(11,598)|
|Net movement in funds||1,924||82,615||84,539||3,923|
|**Reconciliation of funds**|||||||||
|Total funds brought forward||31,785||86,960||118,745||114,822|
|Total funds carried forward|13|33,709||169,575||203,284||118,745|
|||||||||**Total**|
|||||**Unrestricted**||**Restricted**||**2023**|
|||**Note**||**£**||**£**||**£**|
|**Income from:**|||||||||
|Donations, legacies and grants||2||4,068||4,911||8,979|
|Charitable activities||3||6,390||-||6,390|
|Investment income||4||152||-||152|
|Total income||||10,610||4,911||15,521|
|**Expenditure on:**|||||||||
|Charitable activities||5||(6,800)||(4,798)||(11,598)|
|Total expenditure||||(6,800)||(4,798)||(11,598)|
|Net movement in funds||||3,810||113||3,923|
|**Reconciliation of funds**|||||||||
|Total funds brought forward||||27,975||86,847||114,822|
|Total funds carried forward||13||31,785||86,960||118,745|



All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for both years is shown in note 13. 

**- 6 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **BALANCE SHEET AS AT 30 SEPTEMBER 2024** 

|||**2024**||**2023**|
|---|---|---|---|---|
||**Note**|**£**||**£**|
|**Fixed assets**|||||
|Tangible assets|11|183,664||107,276|
|**Current assets**|||||
|Cash at bank and in hand||20,970||12,419|
|**Creditors: Amounts falling due within one year**|12|(1,350)||(950)|
|**Net current assets**||19,620||11,469|
|**Net assets**||203,284||118,745|
|**Funds of the charity:**|||||
|**Restricted income funds**|||||
|Restricted funds|13|169,575||86,960|
|**Unrestricted income funds**|||||
|Unrestricted funds||33,709||31,785|
|**Total funds**|13|203,284||118,745|



The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on 11 February 2025 and signed on their behalf by: 

......................................... Mrs M Baty Trustee 

**- 7 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **1 ACCOUNTING POLICIES** 

## **Statement of compliance** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

## **Basis of preparation** 

Silloth on Solway Sports Association 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 notes to these accounts. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. 

## **Going concern** 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

## **Income** 

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 are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. 

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grant 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 in the balance sheet as deferred income to be released. Grants receivable from government and other agencies have been included as income from activities in furtherance of the charity's objects where these amount to a contract for services but as donations where money is given with a greater freedom of use. 

Interest received is recognised when receivable and amount can be measured reliably. 

**- 8 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **1 ACCOUNTING POLICIES (continued)** 

## **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. Other support costs are allocated based on the spread of staff costs. 

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. 

## **Governance costs** 

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses. 

## **Taxation** 

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010. 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. 

## **Tangible fixed assets** 

Individual fixed assets costing £200 or more are initially recorded at cost. 

## **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** 4% straight line and 25% reducing Multi Use Games Area balance Gym equipment 4% straight line Adventure playground 4% straight line 

**- 9 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **1 ACCOUNTING POLICIES (continued)** 

## **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. 

## **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. 

## **Financial instruments** 


Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. 

Financial liabilities are classified according to the substance of the contractual arrangements entered into. 



All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. 

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. 

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. 

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. 

**- 10 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **2 INCOME FROM DONATIONS, LEGACIES AND GRANTS RECEIVABLE** 

|||**Unrestricted**||||||
|---|---|---|---|---|---|---|---|
|||**funds**|**Restricted**||**Total**||**Total**|
|||**General**|**funds**||**2024**||**2023**|
|||**£**|**£**||**£**||**£**|
|Donations, grants and legacies;||||||||
|Donations from individuals||3,014|-||3,014||2,000|
|Grants, including capital grants;||||||||
|Cumberland Council grant -||||||||
|UKSPF||-|34,883||34,883||-|
|Co-op Fund grant||-|-||-||2,068|
|Cumbria Community||||||||
|Foundation grant||-|-||-||4,911|
|National Lottery Community||||||||
|Fund||-|10,000||10,000||-|
|West Side Stories||-|1,010||1,010||-|
|Francis Scott grant||-|5,000||5,000||-|
|Cumbria Community||||||||
|Foundation - Hellrigg fund||-|10,000||10,000||-|
|Cumberland Council||-|23,356||23,356||-|
|Hadfield Trust grant||-|3,075||3,075||-|
|Cumberland Council||||||||
|community panel||-|4,000||4,000||-|
|||3,014|91,324||94,338||8,979|
|**3 INCOME FROM CHARITABLE **||**ACTIVITIES**||||||
||||**Unrestricted**||**Total**||**Total**|
||||**General**||**2024**||**2023**|
||||**£**||**£**||**£**|
|Multi Use Games Area|||6,664||6,664||6,390|
|**4 INVESTMENT INCOME**||||||||
||||**Unrestricted**||**Total**||**Total**|
||||**General**||**2024**||**2023**|
||||**£**||**£**||**£**|
|Interest receivable and similar income;||||||||
|Interest receivable on bank deposits|||575||575||152|



**- 11 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **5 EXPENDITURE ON CHARITABLE ACTIVITIES** 

||||**Unrestricted**|||||||
|---|---|---|---|---|---|---|---|---|---|
||||**funds**||**Restricted**||**Total**||**Total**|
||||**General**||**funds**||**2024**||**2023**|
||**Note**||**£**||**£**||**£**||**£**|
|Depreciation,||||||||||
|amortisation and||||||||||
|other similar costs|||1,371||8,709||10,080||6,206|
|Allocated support||||||||||
|costs|||5,868||-||5,868||4,672|
|Governance costs|6||1,090||-||1,090||720|
||||8,329||8,709||17,038||11,598|
||||||**Unrestricted**|||||
||||||**funds**||**Restricted**||**Total**|
||||||**General**||**funds**||**2023**|
||||**Note**||**£**||**£**||**£**|
|Depreciation, amortisation and||other||||||||
|similar costs|||||1,408||4,798||6,206|
|Allocated support costs|||||4,672||-||4,672|
|Governance costs|||6||720||-||720|
||||||6,800||4,798||11,598|



## **6 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS** 

## **Governance costs** 

||**Unrestricted**||**Total**||**Total**|
|---|---|---|---|---|---|
||**General**||**2024**||**2023**|
||**£**||**£**||**£**|
|Independent examiner fees||||||
|Examination of the financial statements|400||400||-|
|Other fees paid to examiners|690||690||720|
||1,090||1,090||720|



**- 12 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **7 NET INCOMING/OUTGOING RESOURCES** 

Net incoming resources for the year include: 

Depreciation of fixed assets 


**----- Start of picture text -----**<br>
2024 2023<br>£ £<br>10,080 6,206<br>**----- End of picture text -----**<br>


## **8 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. 

## **9 STAFF COSTS** 

The monthly average number of persons employed by the charity during the year was nil (2023:nil). 

No employee received emoluments of more than £60,000 during the year. 

## **10TAXATION** 

The charity is a registered charity and is therefore exempt from taxation. 

**- 13 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **11TANGIBLE FIXED ASSETS** 

|**11TANGIBLE FIXED ASSETS**||||||||||
|---|---|---|---|---|---|---|---|---|---|
||**Multi Use**||**Gym**||**Adventure**|||||
||**Games Area**||**equipment**||**playground**|||**Total**||
||**£**||**£**||**£**|||**£**||
|**Cost**||||||||||
|At 1 October 2023|134,970||-||-|||134,970||
|Additions|2,019||37,908||46,540|||86,467||
|At 30 September 2024|136,989||37,908||46,540|||221,437||
|**Depreciation**||||||||||
|At 1 October 2023|27,694||-||-|||27,694||
|Charge for the year|6,701||1,516||1,862|||10,079||
|At 30 September 2024|34,395||1,516||1,862|||37,773||
|**Net book value**||||||||||
|At 30 September 2024|102,594||36,392||44,678|||183,664||
|At 30 September 2023|107,276||-||-|||107,276||
|**12CREDITORS: amounts falling due within one**||**year**||||||||
||||||**2024**|||**2023**||
||||||**£**|||**£**||
|Accruals|||||1,350|||950||



**- 14 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **13FUNDS** 

|**13FUNDS**||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||**Balance at**|
||**Balance at**|**1**|||||||**30**|
||**October**||||||||**September**|
||**2023**|||**Income**||**Expenditure**|||**2024**|
||**£**|||**£**||**£**|||**£**|
|**Unrestricted funds**||||||||||
|Unrestricted|31,785|||10,253||(8,329)|||33,709|
|**Restricted funds**||||||||||
|Cumbria Community||||||||||
|Foundation grant|4,406|||-||(1,242)|||3,164|
|Capital grants|82,554|||-||(4,088)|||78,466|
|Cumberland Council - UKSPF||-||34,883||(1,361)|||33,522|
|Cumberland Council||||||||||
|community panel||-||4,000|||(156)||3,844|
|National Lottery Community||||||||||
|Fund||-||10,000|||(355)||9,645|
|West Side Stories||-||1,010|||(36)||974|
|Francis Scott Trust||-||5,000|||(178)||4,822|
|Cumbria Community||||||||||
|Foundation - Helrigg fund||-||10,000|||(355)||9,645|
|Cumberland Council||-||23,356|||(829)||22,527|
|Hadfield Trust||-||3,075|||(109)||2,966|
|**Total restricted funds**|86,960|||91,324||(8,709)|||169,575|
|**Total funds**|118,745|||101,577||(17,038)|||203,284|



**- 15 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **13FUNDS (continued)** 

|**13FUNDS (continued)**|||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||**Balance at**|
||**Balance at**|**1**||||||**30**|
||**October**|||||||**September**|
||**2022**|||**Income**||**Expenditure**||**2023**|
||**£**|||**£**||**£**||**£**|
|**Unrestricted funds**|||||||||
|Unrestricted|27,975|||10,610||(6,800)||31,785|
|**Restricted**|||||||||
|Cumbria Community|||||||||
|Foundation grant||-||4,911||(505)||4,406|
|Capital grants|86,847|||-||(4,293)||82,554|
|**Total restricted funds**|86,847|||4,911||(4,798)||86,960|
|**Total funds**|114,822|||15,521||(11,598)||118,745|



**- 16 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **13FUNDS (continued)** 

The specific purposes for which the funds are to be applied are as follows: 

Cumbria Community Foundation grant - This has been spent on equipment. The above balance reflects the net book value of the assets. 

Capital grants - funding was received for the Multi Use Games Area. The balancing funds represents the Net Book Value of this asset. Expenditure reflects depreciation applied during the year. 

Cumberland Council - UKSPF - The grant was provided for the Silloth Promenade Fitness Trail. Expenditure reflects depreciation applied during the year. 

Cumberland Council community panel - The grant was provided for the Silloth Promenade Fitness Trail. Expenditure reflects depreciation applied during the year. 

National Lottery Community Fund - The grant was provided for the new childrens play park. Expenditure reflects depreciation applied during the year. 

West Side Stories - The grant was provided for the new childrens play park. Expenditure reflects depreciation applied during the year. 

Francis Scott Trust - The grant was provided for the new childrens play park. Expenditure reflects depreciation applied during the year. 

Cumbria Community Foundation - Helrigg fund - The grant was provided for the new childrens play park. Expenditure reflects depreciation applied during the year. 

Cumberland Council - The grant was provided for the new childrens play park. Expenditure reflects depreciation applied during the year. 

Hadfield Trust - The grant was provided for the new childrens play park. Expenditure reflects depreciation applied during the year. 

**- 17 -** 



## **SILLOTH ON SOLWAY SPORTS ASSOCIATION** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED)** 

## **14ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

||||||**Total funds**|
|---|---|---|---|---|---|
||**Unrestricted**||||**at 30**|
||**funds**||**Restricted**||**September**|
||**General**||**funds**||**2024**|
||**£**||**£**||**£**|
|Tangible fixed assets|21,029||162,635||183,664|
|Current assets|14,030||6,940||20,970|
|Current liabilities|(1,350)||-||(1,350)|
|Total net assets|33,709||169,575||203,284|
||||||**Total funds**|
||**Unrestricted**||||**at 30**|
||**funds**||**Restricted**||**September**|
||**General**||**funds**||**2023**|
||**£**||**£**||**£**|
|Tangible fixed assets|20,379||86,897||107,276|
|Current assets|12,356||63||12,419|
|Current liabilities|(950)||-||(950)|
|Total net assets|31,785||86,960||118,745|



## **15RELATED PARTY TRANSACTIONS** 

There were no related party transactions in the year. 

**- 18 -**