## **Trustees’ Annual Report for the period** **From: 1 January 2021 To: 31 December 2021 Charity name: Sydenham Community Club (Leamington Spa)** **Charity registration number: 1188063** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The provision of facilities for recreation**
**or other leisure time-occupation for**
**individuals, aimed at improving life**
**conditions for said individuals.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**The day-to-day management and**
**operating of the community club & its**
**facilities.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The Trustees have paid due regards to**
**the Charity Commission guidance on**
**public benefit whilst carrying out their**
**activities.**| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The Charity has been able to ‘bounce**
**back’ well from being forced to close**
**again at the start of the year as a result of**
**the ongoing COVID-19 pandemic, and**
**continues to provide facilities for**
**recreation or other leisure time-**
**occupation to the residents of Sydenham**
**and the general public as a whole.**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The Charity is in a stable position at the**
**end of the period, despite a second year**
**showing a net deficit. A bounce back loan**
**was taken out to provide additional**
**funds. Now that the trade had reopened**
**fully, financial strength willonly improve. **| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Reserves will be held only in the short-**
**term, for use on a day-to-day basis**
**towards the operation & management of**
**the community club.**| |Amount of reserves held|Para 1.22|**Net reserves are (£14,520) but cash-in-**
**hand/at bank is £4,880.**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A – Now that the club has reopened**
**fully there are no issues regarding its**
**continuation as a going concern.**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO – incorporated on 19 February 2020**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Any new Trustees will be appointed by**
**existing Trustees following a vote at a**
**members meeting.**| ## **Reference and Administrative details** |Charity name|Sydenham Community Club (Leamington Spa)| |---|---| |Other name the charity uses|SydenhamCommunity Club| |Registered charity number|1188063| |Charity’s principal address|Chesterton Drive
Leamington Spa
Warwickshire
CV31 1JY| ||| **Names of the charity trustees who manage the charity** |1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person**
**(or body) entitled**
**to appoint**
**trustee(if any)**| |---|---|---|---|---| ||Narrinder Singh
Sahota|||| ||Baljit Sahota|||| ||Daljit Kaur Purewal|||| ## **Names and addresses of advisers** |**Type of adviser **|**Name**
**Address**|**Name**
**Address**| |---|---|---| |Accountants|Sachdev & Co.|5 Albany Road, Earlsdon, Coventry, CV5 6JQ| |||| |||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **N/A** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Narrinder Singh Sahota **Position (eg Secretary, Chair, etc)**[Trustee ] **Date** 17/02/2022 CHARITY COMMISSION FOR ENGLAND AND WALES S denham Community Club ILeamin on Spal Annual AC￿untS for the Period 01Jan-21 To Ch8rit No 1188063 31-Dec-21 Section A Statement of financial activities Restri¢ted income funds Recornmended cat•gories by activÉty g Unrestricted fijnds Endowment funds Prior year funds Total funds Incoming resources (Note 31 Income and endowm8nts from.. DorTr¥iKns and fegatsÈs Chant¥ble aL*wties F01 F02 F03 F04 F05 100 100 1,202 S02 S03 Olhertr¥ding Invesbnents 12S.290 125.290 70,305 S04 sos Separate moteii21 rtem of inrome Other 22,383 147,773 22,383 147,773 13,668 85.175 Totsl Resources expended (Note 61 S07 ExpendI￿re on.. Raisiry fvnds ChaDtdbk S08 76,702 9,500 76,702 9.5(XJ 42,632 2,000 S09 Sep¥t*e mateii* rtem ofexpe Othei S10 S11 69,646 155.848 69,646 155,848 46,988 91,620 Total S12 Net in¢omellexpenditure) before Investment gainsl(lossesl S13 8,075 8,075 Net gainslllossesl on inv¢stynents S14 Net incomel(expenditure Extraordinary items Transfers be￿eeft funds other recognised gainsl(lo$sesl- S15 8,075 8,075 6,445 S16 S17 Gains l(we5 on revauation offix8d ss¥ets forlhE tharrvs own use Other9ainWIIo¥$8$1 Net movement in funds S18 S19 S20 8,075 8,075 6,445 Reconciliation of fvnds." Totallundsbrou9htforward Total funds ¢arried ftirward 6.445 14,520 6.445 14,520 6,445 Section B Balance sheet Rastricted income funds Unrestricted funds Endowment Total thls funds year Total last yèar Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 14) (Note 16) (Note 17) Total fixed assets 801 B04 B05 Current assets Stocks (Note 181 Debtors {Note 19) Investments (Note 17.41 Cash at bank and in hand (Note 24) Total current assets B07 B08 Bog 4,880 4,880 4,880 4,880 4,655 4,655 810 Creditors: amounts falling due within one year (Note 20) B11 1,400 1.400 11.100 Net current asseW(liabilities) B12 3,480 3.480 6.445 Total assets less eurrènt liabilities B13 6,445 Creditors: amovnts falling due after one year (Note 20) Provisions for liabilities B14 18.000 18,000 815 Totsl net assets or Ilabilities Funds of the Charity Endovmient funds {Note 271 Restricted income funds (Nots 2n Unrestricted funds Revaluation reserve B16 14,520 14,520 6,445 817 B18 819 14,520 14.520 6,445 Total funds 14,520 14.520 6,445 Signed by one or ￿ trustees on behalf of 811 the trustees Data of aPPFoval ddlm Signature Print Name Narrinder Sin h Sahota 1510212022 Section C Notes to the accounts Note I Basis of preparation This section should be con7pleted by all charities. 1.1 Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othetwise ststed in the relevant note(s) to these accounts. The accounts have been repared in accordance with.. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and with the Charities Act 2011. The charity constitLrtes a public benefit entity as defined by FRS 102.. 1.2 Going concern If there are material uncertainties related to events or conditions that castsignificant doubt on the ¢haritys ability to continue as a going ¢on¢em, please pmvide the follo￿ng details or state "Not applicable", rfappropriate.. An explanation as to those factors that support the conclusion that the charity is a going Con￿rn., Disclosure of any uncertainties that make the going concem assumption doubtful; Not applicable Not applicable Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charrty is not regarded as a going concern. Not applicable 1.3 Change of accounting policy The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.2. Yes. Please dis¢lose." (i) the nature of the change in accounting policy.. Not applicable (li) the reasons why applying the new accounting policy provides more reliable and more relevant infonnation,. and Not applicable (iii) the amount of the adjustment for each line affected in the Current period, each priorperiodpresented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP. Not applicable 1.4 Changes to accounting estimates No changes to accounting estimates have occurred in the reporting period {3.46 FRS 102 SORP). Yes. No" Please disclose." (i) the nature of any changes," Not applicable (li) the effect of the change on income and expense or assets and liabilities for the cUr￿ntperiod,' and Not applicable (iii) where practicable, the effect of the change in one or more future periods. Not applicable 1.5 Material prior year errors No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes" No" Please disclose.. (i) the nature of the priorperiod errnr," Not applicable (li) for each priorperiod presented in the accounts, the amount of the correction ftir each account line item affected," and Not applicable (iii) the amount of the correction at the beginning of the earliestpriorperiod presented in the accounts. Not applicable Notè 2 Accounting poll¢le$ 2.2 INCOME This standard list of8ccotsntingpoli￿es has beert 8ppliedbylhe ch8nty except forthos& ticked Wo'or Va,: Wher8 a drfre￿n£ Oraddit￿n￿lp91￿Y hss b8en adopted Ihen this is d8t8iledin the box below. Reco9nition of Income Tf*se a￿ included in the Ststernent of Financial Actimbes ISOFAI when.. the Gharity becomes entided to the reSoUr￿s". it is more likety than not that the Irustees will receive Ihe res¢urc8s', and th& mor*tsry value can be measvred with sufficient reliability. Yes No Nl8 Offsetbng There ha5 been no oftsetting of assets and li8b11￿.e$, or incerne 8nd expenses, unless requlred or permitted by the FRS 102 SORP or FRS 102. Nla Yes Nl8 Grants and donaiions a￿ only induded in the SOFA when the general income recognttion criteri8 are met15.10 to 5.12 FRS102 SORPI. Grants and dona￿1)n5 In the c8s& of perfom19nce related grants. income must onty be recognised to the extent that the charty has provided thè sppafied gcnjds or sÈMces as entbttemenl to the orant only (wrs bvhen the pèrformance related Cond￿"0n5 are rTEt15.16 FRS 102 SORPI. Legaaes are induded in the SOFA when re*ipt Is probable, that is. when there has n grant of probate. the execthors have established that there are sufficient assets in the estsle and any conditions attached to the lega¢y are either Mthin the ¢￿troL of the charity or have met. Yes No Nla Legacies Yes No N12 Yes No Nla Government grants The Ghority has received govemrnent grants in the repo￿￿ period GrftA￿ Teceivable is i[￿luded in in¢om8 when there Is a valid dEckgration fmrn the donor. Any Grft Aid amount retovered on a donation Is ¢onsi(lered lo b& part of that grft and is treated as an addition to the same fund a5 th8 initial donation unles5 the donor or the tetrns of the app&al have speoftd othenfvise Contractual it)¢ome and This is only included in the SOFA once the charty has PrO￿ded the relat￿ goods or performance relatsd gfdnts se￿ICe$ or rret the porforTpance r8L8t8d c￿nd￿on$. Tax reclaims on donation5 aThd gsfts No es Nla Oonated good8 ao measured at fair value (the amount forwhth the asset coukl b exchanged) unless impractical to dD SO. Yes Oonated gotyjs The cost of any stoth of goods donated for distribuion to benefKi8rie8 is deemed to be the fair value of those grfts at the titne of their receipt and they are retognised on receipt. In the reporting period in which the stocks arè distributed. they ar8 r8cognised as an expense at the carrying amount of Y)e stwk5 at dislribution. Donated wods for resale are measured at fair value on initial rectsgniti¢)n, which is the expected proceeds from sale18ss the expected ¢osts tsf sale. and recognised in'lncome from other trading acts¥￿e8, knntt) the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against'lncome from othertrading acts"vthes' the proceads from Sa￿ are alw recognised as'lncomÈ from othertrading aGlivities'. Nla Yes Nla Goods donated for orwoing Use by the charity are recognIs￿ as tangibie fixed a$sel$ and induded in the SOFA as inc(Kning resources when rer*ivable. Yes No Gifts in kind for use by the tharty are included in the SOFA as income from donati)ns when receivable. Yes Nla Donated servi¢e5 and facilities Donated services and fati1￿2S are In￿￿ed in the SOFA %vhen reGeived 8t the value of the gift to the charity provided the value of the grft trAn be rrwsured reliably. Oonated services and fa￿lthe$ that are consurned irnrnedk9tdy are recognlsed as incom¢ with sn eqU￿a￿nt amount rEExJgnised a5 an expense undèrthÈ appriyriate heading in the SOFA. Yes No Nla Yes No Nla Yes No Nla Support costs The charty has incutyed expenditure cn support costs. Yes Volunteer help The value of any voluntary help r8C8ived k n¢t indudwj in the accounts but 1$ des¢rtbed in the tru51ees' annual report. Nla royalties and dividends bè measured relithy. Income from membership Mernbetship $ubs¢riptions recèNed in the nabjre of a glft are ￿¢￿Jnised in DonatDrYd subsc￿ptio￿s and Legaoes. e$ No Nla Membership subscriptions which gives a ff￿Mb&r the rigm to buy seryices or other beneffts are recognised as Income earned frorn the provison of gfxjds and $enriGe$ as income from charitable activitse5. Insurance daims are onty included in the SOFA when the generèl income recogn￿0￿ lena are met15.10 10 5.12 FRS102 SORPI and #ie included as an item of other in¢onE in the SOFA. es Nla Settlement of In$uran ¢lairn5 Yes InvestmeTht gains and Ic6se5 This i￿ludeS any realised or unrealised gains or bsses on the sale of investments and any gain or loss reSu￿ng from revaluing inveslments lo market value 8t the end of the year. Yes No Nla 2.3 EXPENDITURE AND LIABILITIES Liabilty recognition abilities are recognised where it is rnore likely than not that there 1$ a legal or nstructive obligatyon committing the charty to pay out ￿sOurceS and the 8munt of t Obligation can be measured with re250nable certainty. Support costs have ￿￿en allocated betr￿en govemance costs and other supwrt. GovemanGe c05t5 comprise all costs invdving public accountability of the chanty and it5 compliance %*ith regulation and good practice. Yes Nla Governance and $upport cos15 es Support costs indude central fvnctions and have been althated to 3CtNty cost egtegories on a basis consY&t&ntwlh the use of resoutces. eg ￿l￿s￿ng property costs by floorareas. or per c2pita. stsff Gosts by the lime spent and olhÈr costs by thwr usage. Whtte the charity gNes a grantwlh wnditions for its payment b&lng a spe¢ffjo level of service or ￿ltput to be provided. such grants ar& onty re¢ognised in the SOFA once thè recipient of the grant has provided the spÈtified setvre OT OUtpuL er* there are no conditv)ns attaching to the grant tha enables the donor charity to realisti￿llY avThd the commitffwt a liabilty forthe full frjnding obligatk)n must be recognised. Yes No Nla la Grat￿ wilh perforniance condltion$ es Grants payable Wit1￿￿1 perfomiance conditions Yes Redund•nry cost The charity mode no redundaw payments during the ￿pOrting pwod. Yes Nla No Material item of deferr￿ inccrne has baen induded in the aGW￿ts. Yes No Nla Credttors The charfty ha$ ¢rwJitor5 whTch are measured at seiuement amounts less anytrade dis¢owts Nla A liability 1$ measured on recognition at rts histori¢al ¢05t and then subsequtndy measured at the best estimate of the a￿￿nt required to setue the obligation atthe reportsng dat The charity accounts for ba$ic financial instrLJments on inth.al recognition as per paragrdph 10.7 FRS102 SORP. Subsequent measurerrÉnt is as per paragrdphs 11.17 to 11.19. FRS102 SORP. ProvisioTrs for Ilabilities Yes Basic financÈal instrnments Yes No Nla 2.4 ASSETS Tangible fixed assets for s* by charty Yes Nla They are valued at cost. The rates and ftEthod5 used are disdosed in note 9.2. The charity has intsngible fixed assets. that is. non-monetary assets that do not have PhYs￿al 5ubstsnce but are Kt8ntifiable 3nd arfj COntr￿led by the tharity through custooy or legal rights. The amortisalon rates and methods used are distjosed in note 9.5 Irtsngibtg fixed assèts Yes No Nla They are valu8d at cost. es No la ritage assets The charty has heritap assets. that F. non-rnonetsry as88ts wth histori¢. arknstK. scientif￿. technological. ge0ph￿1Cal or envlronff￿rtIal qualit￿ that are held and maintained principalty for thar conrribulion to knowledge and cultur8. The depwation Tate5 and ffEthods used as disdosed in note 9.6 1.4. Yes Nl8 Yes No Nla They are valued at Cost. Investments Fixed asset inveslrrÉnts in quoted shares. traded bonds and similar investments are valued at initially at cost and subsequentty atfair value (their market valuÈl at the year Yes Nla end. The treatrnent is Spplied to unlisted investments unl*ss fairvalue cannot be me8sured reliably in which cAse it is measured at cost less 1mpa1r￿￿nt. Investm&nts held for r￿le or pending their Sa￿ and cash and cash equivalents with a maturity date of le55 than 1 year are tre*ed as ￿rrent asset investrrents Yes Nla st￿￿9 and work in progre55 Stocks held for sale as part of non