REGISTERED COMPANY NUMBER: 12417803 (England and Wales) REGISTERED CHARITY NUMBER: 1189829
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
FOR
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
Underwood Barron LLP Monks Brook House 13 - 17 Hursley Road Chandlers Ford Eastleigh Hampshire SO53 2FW
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
12417803 (England and Wales)
Registered Charity number 1189829
Registered office
31 Crescent Road North Baddesley Southampton SO52 9HU
Trustees
M J Kirby E R Skutt (resigned 28.9.2022) D T Osborn R M Skutt (resigned 28.9.2022) T Eldridge A Osborn I Smith W Clark
Independent Examiner
T KUMAR, FCCA Underwood Barron LLP Monks Brook House 13 - 17 Hursley Road Chandlers Ford Eastleigh Hampshire SO53 2FW
Approved by order of the board of trustees on 8 October 2023 and signed on its behalf by:
D T Osborn - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARREN CLARK GOLFING DREAMS LIMITED
Independent examiner's report to the trustees of Warren Clark Golfing Dreams Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; 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 charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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 to be reached.
T KUMAR, FCCA
Underwood Barron LLP Monks Brook House 13 - 17 Hursley Road Chandlers Ford Eastleigh Hampshire SO53 2FW
Date: .............................................
Page 2
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
----- Start of picture text -----
|||||
|---|---|---|---|
|31.1.23|31.1.22|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and legacies|75,879|13,284|
|EXPENDITURE ON|
|Raising funds|2|595|11,672|
|Charitable activities|
|Generating funds|1,310|693|
|Total|1,905|12,365|
|NET INCOME|73,974|919|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|919|-|
|TOTAL FUNDS CARRIED FORWARD|74,893|919|
----- End of picture text -----
The notes form part of these financial statements
Page 3
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
BALANCE SHEET 31 JANUARY 2023
| 31.1.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 73,836 CURRENT ASSETS Cash at bank 1,957 CREDITORS Amounts falling due within one year 7 (900) NET CURRENT ASSETS 1,057 TOTAL ASSETS LESS CURRENT LIABILITIES 74,893 NET ASSETS 74,893 FUNDS 8 Unrestricted funds 74,893 TOTAL FUNDS 74,893 |
31.1.22 Total funds £ - 919 - 919 919 919 919 919 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8 October 2023 and were signed on its behalf by:
D T Osborn - Trustee
The notes form part of these financial statements
Page 4
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 31.1.23 | 31.1.22 | |
| £ | £ | |
| Legal and Professional fee | 595 | 11,672 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Page 5
continued...
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
4. STAFF COSTS
| The average monthly number of employees during the year was as follows: | |||
|---|---|---|---|
| 31.1.23 | 31.1.22 | ||
| Trustees | 6 | 8 | |
| No employees received emoluments in excess of £60,000. | |||
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
||
| Donations and legacies | 13,284 | ||
| EXPENDITURE ON | |||
| Raising funds | 11,672 | ||
| Charitable activities | |||
| Generating funds | 693 | ||
| Total | 12,365 | ||
| NET INCOME | 919 | ||
| TOTAL FUNDS CARRIED FORWARD | 919 | ||
| 6. | TANGIBLE FIXED ASSETS | ||
| COST | Freehold property £ |
||
| Additions | 73,836 | ||
| NET BOOK VALUE | |||
| At 31 January 2023 | 73,836 | ||
| At 31 January 2022 | - | ||
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continued...
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.1.23 | 31.1.22 | |||
| £ | £ | |||
| Accrued expenses | 900 | - | ||
| 8. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.2.22 £ |
Net movement in funds £ |
At 31.1.23 £ |
|
| General fund | 919 | 73,974 | 74,893 | |
| TOTAL FUNDS | 919 | 73,974 | 74,893 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 75,879 | (1,905) | 73,974 | |
| TOTAL FUNDS | 75,879 | (1,905) | 73,974 | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | At 1.2.21 £ |
Net movement in funds £ |
At 31.1.22 £ |
|
| General fund | - | 919 | 919 | |
| TOTAL FUNDS | - | 919 | 919 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 13,284 | (12,365) | 919 | |
| TOTAL FUNDS | 13,284 | (12,365) | 919 |
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continued...
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||
|---|---|---|
| movement | At | |
| At 1.2.21 in funds |
31.1.23 | |
| £ £ |
£ | |
| Unrestricted funds | ||
| General fund - 74,893 |
74,893 | |
| TOTAL FUNDS - 74,893 |
74,893 | |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above | ||
| as follows: | ||
| Incoming Resources |
Movement | |
| resources expended |
in funds | |
| £ £ Unrestricted funds |
£ | |
| General fund 89,163 (14,270) |
74,893 | |
| TOTAL FUNDS 89,163 (14,270) |
74,893 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2023.
Page 8
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023 |
||
|---|---|---|
| 31.1.23 | 31.1.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 804 | 1,783 |
| Grants | 75,075 | 11,501 |
| 75,879 | 13,284 | |
| Total incoming resources | 75,879 | 13,284 |
| EXPENDITURE | ||
| Investment management costs | ||
| Legal and Professional fee | 595 | 11,672 |
| Charitable activities | ||
| Insurance | 343 | 675 |
| Donations paid | 18 | 18 |
| Support costs | 361 | 693 |
| Finance | ||
| Bank charges | 49 | - |
| Governance costs | ||
| Accountancy fees | 900 | - |
| Total resources expended | 1,905 | 12,365 |
| Net income | 73,974 | 919 |
This page does not form part of the statutory financial statements
Page 9