REGISTERED COMPAMY NUMBER.. 12417803 (England and Wales) REGISTERED CHARrrY NUMBER: 1189829 REPORT OF THE TRUSTEES AMD UMAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2Q24 FOR WARREN CLARK GOLFING DREAMS LIMITED {LllItTED BY GUARANTEE AND NOT HAVING A SHARE CAPITALI Underwood Barron LLP Monks Brook knUSe 13- 17 Hursley Road Chandlers Ford Eastleigh Hampshire S053 2FW
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) cONTE1s OF THE FINANCIAL STATEMEPtrs FOR THE YEAR ENDED 31 JANUARY 2024 Pag• Report of th• Trustses IndepÈnd•nt Examln•rfs Report ststement of Flnanclal Actlvitl•s Balance Sheet Notes to Ihe Flnan¢lal Statomont Dètallod Statomont of Financlal Al¥Its•S 10
WARREN CLARK GOLFING DREAMS LIAIITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITALI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024 Th trustees whD 8re also dirèctots ol the charity for the purtx)ses of Ihe Companies Act 2006, present th8ir rsport with the financial statements of thè charity for the yearended 31 January 2024. The trustees have adopted the provisions of Aceounling and Reporting by Charilitrs.. Statement of Recommendéd Pr8th"cè applicable to charities preparing their accounts in ¥xordance wlh tt)e Financial Reportiro Standard appIlbIg in thè UK and Republic of Ireland IFRS 1021 lèffèetiva 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docum•nt The charity is ¢ontroll8d by ts governing do¢umÈnL a daéd of tnjst. aThJ constTttrtes 8 lirnitad Company, limitsd by guarantee, as d&fined by the Companies Act 2CM)6. REFERENCE AND ADMINISTRATIVE DAlLs RegSstered Company numbBr 12417803 IEngland and Walgs) RegSstered Charity nurnr 1189829 R•glst•red office 31 Crescent Road NLlrth Baddesley Southampton S052 9HU Tru$to•s M J Kirby D T Osbom T Eldridga Aosbom I Smith W Cl8rk A N K8foor lappoSnted 5.2.20241 T Kumar lappoint8d 5.2.20241 R H Peace l£ppointed 5.2.2024} D M Adatns (appointed 4.3.20241 Indepond•nt Examlnor D8vid &irdon Philip Cockbain Fellow Charted Accountsnl 6 Hunter5 Gate Nuttield Surrey RH1 4HT Approved by Ord of the board oftnjstees on .... J.-..to.-...2.U and signed on Its behalf by.. D T Osborn- Tmstee Page 1
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WARREN CLARK GOLFING DREAMS LIMITED ILIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL} STATEMENT OF HNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024 31.1.24 Unrestrfcted fund 31.1.23 Total fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 72,846 EXPENDITURE ON Raising )lJnd8 80.592 595 Charitable activitivd Genarating funds 2.309 1.310 Total 62.901 1.905 NET INCOME 9,945 73,974 RECONCILIATION OF FUNDS Total funds brought lotward 74,893 919 TOTAL FUNDS CARRIED FORWARLI 84,838 74.893 Thg wtos fomi part ofthese fmancial ststemgnts Pag8 3
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITALI BALANCE SHEET 31 JANUARY 2024 31.1.24 Unrostrictad fund 31.1.23 Total funds Not&9 FIXED ASSETS Tangible assets 675.218 73,636 CURRENT ASSETS Cash 81 bank 4,839 1,957 CREDITORS Amounts falling due Wfthin on$ yèar 122.2441 1900} NET CURRENT ASSETS 17.405 1,057 TOTAL ASSEfs LESS CURRENT LIABILlEs 657.813 74.893 CREDITORS Amounts falling due aftor more than cfig ygar 1572.9751 NET ASSETS 84.838 74.893 FUNDS Unrestricted fvnd$ 10 84,838 74.893 TOTAL FUNDS 84,838 74.893 The charitable company is entitlèd to èxèmption from wdit under Section 477 of thg Companies Act 2006 for Ihe year ended 31 January 2024. Th8 mèmbars have nol required the company to obtain an autht of its financial $1818ment5 for the year ended 31 January 2024 in accordance wlh Seclion 476 of the Companies Act 2006. Thè trustees acknowledge their responsibilities fr)r ensuring that the charitable company kegps atcountSng records that comply wlh Sections 386 and 387 of the Companies Acl 2006 and preporing financial statemen15 which we a true and fair vlew of the state of affairs 01 tha charltable company as at the and of each financial ye8r and of its surplus or d&ficit for each financial year in 8ccor(lanc• with th requiremènts of Sections 394 and 395 and which olherwise comply with the requirerngnts of the Companies Act 2006 lating lo financial 8tatements, 80 f8r 8s applicable to the charitable company. Ib} These financial statements have been prepared n acixjrdance wrfh the provisions applicable to choritoble companies $ubjort to th6 sm811 companies regime. Thè financial statements were approved by thè Board of Trustees and aulhori59d for 555u8 on 40.4a.-..2Q21a........ and were signed on its bèhaw by.. D T Osbom- Trustee The nottrs lom part of these finanry81 ststemonts Page 4
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 ACCOUNTING POUCIES Ba$15 of prgparing thg Iln•n¢Sal stst•m•nts The financial slatemenl8 of the chartt8bl$ company. which is a public benefit entity under FRS 102. have been prepared in accordan¢e with Ihe Ch8ntiè9 SORP IFRS 1021 'Accounting and Reporting by Charits.. Stat8ment of Recommended Practi(e applicable lo charities prtpaiing their accounts in 8ccordance wrth thè FinBncKal R8porting Standard applicable in the UK and Republic of Irelar¥J IFRS 1021 (effective 1 January 20191,, Flnancial Reporting Standard 102 The Finanaal Reporting Standard applicab18 in the UK and Republic of Irelnd' and the Companiès Aet 2006. The financial ststements havtr be•n pffjp8red under the historical cost Ixnvgntion. In¢om8 All inccrne is re¢ogni8ed In the Statement of FThiancial Activities thg charity has ontitlement to the fund5, (( 18 probatle that the income be r8ceiv8d and Ihe aMot ran be measurèd rèliably. Expendlture Liabilities are recognised as expènditurè as soon as there is a legal or ¢onstnJctive obligatKJn committing the charty to that exp8nditUTg. it is prob8ble that a Iransfer of economic benefits will be rUIred in setuemenl and the amount of the obligation can be measured reliably. Expèndrture is accounted for on an 8ccruals b8sis and has boen classified tsnder headin95 th818ggregate all cost related to the category. Wherè costs cannot be dlrectly attributed to particular headiThJs they hav8 b88n allocated lo actiiitres on a basis consistent wpith th• use ef i•sourtès. Tangible fixed as$•ts Depreciation is provided at the following annual rales in orderto writg off aach assat over its eslim•tsd u$trful lif8. Taxatlon The charity is exèmpt from Corporatn tax on its charitable aclivilie$. Fund accounting Unrestricted funds can bÈ IJs8d in actordance with the charitable objedivgs at thg di$cretlon ol the trustees. Restricted funds ¢8n only be used fly particular restricted purposes within thè Oac1S of the charity. Rgslrictions arise when spgcthed by thè donor or when funds are raised for parti¢ular rgstrict8d puwoses. Further expLination of the n8turg 8nd purpose of each fund is induded in the not¥s lo th& financial statements. RAISING FUNDS Investment management tsts 31.1.24 31.1.23 Lggal and Professional fee 1,890 595 TRUSTEES. REMUNERATION AND BENEFITS There w•r• no trustees. remuneration or olh•r benefits for the year ended 31 Janu#ry 2024 nor for the year ended 31 January 2023. Tru8tee6' expenses There were no twstees, expenses paid for tha year ended 31 Janu8ry2024 nor for th& ygar ended 31 January 2023. Page 5 ¢onlInul...
WARREN CLARK GOLFING DREAMS LIMITED {LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS - cont•nu•d FOR THE YEAR ENOED 31 JANUARY 2024 STAFF COSTS Th& average monthly number of employees during the year was as follows.. 31.1.24 10 31.1.23 Tnjstees No employ995 rac•iv•d emluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresthcted fvnd INCOME AND ENDOWMENTS FROM Donatn$ and legaffts 75.879 EXPENDITURE ON Raising funds 595 Charflable a¢tivities Generating fvnds 1.310 Total 1.905 NET INCOME 73.974 RecoNCILIATION OF FUNDS Totol funds brought forw8Td 919 TOTAL FUNDS CARRIED FORWARD 74,893 TANGIBLE FIXED $S£T8 Freehold property COST At 1 Fèbruary 2023 Additions 73,836 601.382 At 31 January 2024 675.218 NET BOOK VALUE At 31 January 2024 675.218 At 31 January 2023 73.836 Pagé 6 continued...
WARREN CLARK GOLFING DREAMS LIMITEO ILIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL} NOTES TO THE FINANCIAL STATEMENTS- Continu FOR THE YEAR ENDED 31 JANUARY 2024 CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 31.1.24 31.1.23 Other loans (see note 91 Accrued expenses 21.344 900 900 22.244 900 CREDrroRS., AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.1.24 31.1.23 Other loans Isee noto 9) 572.975 LOANS An analysis of the maturrty of loans is givan below.. 31.1.24 31.1.23 Amounts falling due within ong on demand.. Loan from Warren Clark M Kirby Loan 12,559 8,785 21.344 Amounts lalling dug in more thon five years.. Repayable otheFWiSè Ihan by instdmenls= Mortgage 572,975 10. OVEMENT IN FUNDS Net mov8mant in IuAds At 1.2.23 31.1.24 Unrestricted funds General frjnd 74,893 9,945 84.838 TOTAL FUNDS 74,893 9.945 84,838 Net movement in funds. iiduded in the abo are 8s folows.. Inwrning resource5 Resources expendod Movement Sn funds Unrestrlcted funds G8n•ral fund 72,848 162,9011 9,945 TOTAL FUNDS 62,9011 9,945 Pag? 7 continued...
WARREN CLARK GOLFING DREA UMITED ILIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITALI NOTES TO THE FINANCIAL STATEMENTS • eonlinu•d FOR THE YEAR ENDEO 31 JANUARY 2024 10. MOVEMENT IN FUMDS - continued Comparatives lor mtwèmènt In funds Net movement in funds Al 31.1.23 Al 1.2.22 Unrestricted lunds Gene[81 fvnd 919 73.974 74,893 TOTAL FUNDS 919 73,974 74,893 Compgralive net movement in funds, included in the above 8re 88 follows: Incoming resources Resources expended Movèment in funds Unr•strlcted fund> General fund 75.879 {1.905} 73.974 TOTAL FUNDS 1.905 73.974 A ¢urrent yèar 12 months and prior year 12 mwths combined positson is as follows.. N&t mov8rnÈnt in lunds At 31.1.24 At 1.2.22 Unmstrlct•d funds General fvnd 919 83.919 84,838 TOTAL FUNDS 919 83,919 84,838 A current year 12 mnths and prior ye8r 12 months combin8d nel movement in lunds. included in the above are as follows.. Inc4)ming resources Resour¢e$ expended Movemenl in funds Unr•striet8d funds Ggneial fvnd 14B,72S 164,8061 83,919 TOTAL FUNDS 148.725 64.806 83,919 Page 8 conlinuod...
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE ANO NOT HAVING A SHARE CAPITALI NOTES TO THE FINANCIAL STATEMENTS • eontinu FOR THE YEAR ENDED 31 JANUARY 2024 11. RELATED PARTY DISCLOSURES There were no related party transactions for the yeorended 31 January 2024. Page 9
WARREN CLARK GOLFING DREAMS LIMITED (LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITALI DETAILED STATEME14T OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024 31.1.24 31.1.23 INCOME AND ENDOWMENTS Donations and 9acleS Donab"ons Grants Rent 29.082 10.000 33.764 804 75,075 72.846 75.879 Total iOmIng r•soure•s 72,846 75,B79 EXPENDITURE Other trading activitieak Mortgage interest 34.417 Invèstment management ¢o$ts Lggal and Professr)nal fog 1,890 595 Charitable actlvltl?¥ Insuranc8 Donations pawj 2,309 343 18 2.309 361 Support ¢o$ts Flnancè Bank ch8rges 11.885 49 Infomiatlon ¢•chnology Repairs and renewals 12.400 Govemancè eosts ArKAuntancy fees 900 Total resour¢es expÈndÉd 62,901 1.905 N•t Sneom• 9,945 This page doe5 not form part the statutory financial statements pa 10