Registration Number.. CE022645 DEBDALE PARK SPORTS CLUB FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity No: 11905S8
DEBDALE PARK SPORTS CLUB CONTENTS Legal and Administrative Inforniation Report of the Trustees Report of th¢ Ind¢pendent Examiner Statem¢nt of Financial Activities Balanc¢ Sh¢ct Notes forniing part of the Financial Activities 7- 12
DEBDALE PARK SPORI3 CLUB LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES MrT Oxl¢y Mr G Thotnpson MrN Porter Mr 8 Bond Mr P Unwi Mr M Slalo Mr5 L Meakin SEIYIOR MANACEMENT TEAM Mrs S Bailey RECISTERED CHARITY NUMBER 1190558 REGISTERED COMPANY NUMBER CE022645 REGISTERED OFFICE Debdale Spons Club, OtTDebdale Lane, Mansfield Woodhouse, Nottinghamshire, NG19 7NS INDEPENDENT EXAMINER Baldwin Cox Limit¢d 15 Foster Avenue, Beeston, Nottingham, NG9 IAE
DEBDALE PARK SPORTS CLUB REPORT OF THE TRUSTEES The Tntsie¢s submit their annual report and the financial stat¢m¢ntg for the year ended 30 S¢ptcmb¢r 2024. The Trustees Report and accounts have been prepared in accordan with the Statement of Recommended Practice= Accounting and Reporting by Charilies March 2016. Reference and administrntive detsils Refercn¢c and administrdiive details are shown in the schedul¢ of mernbers of the Board and profcssional advisors on page l of the financial slaleTncnts. Dcbdale Park Sports Club is registered with the Charity Commission under the name Detrale Park Swrts Club. Structiire* goVeranCe and m#llagement The Charity is a registered charity governed by a trusi deed and was set up on 24 July 2020 and registered as a charity on 24 July 2020. The Trustees cansiderthe risks faced by the Debdale Park Sports Club register focusing on all financial and non-financial risks with the Charity. Through annual review of its Rcserves Policy which is seen as a key step in that risk management process. Aims and objettiv&s The charitable objectives of Debda]e Park Sports Club is lo benefit Childn, young 0p]e and the general public to provide amat¢ur sport through the pn)vision of sporting facilities. Financial review For the y¢ar endcd io Sept¢mkr 2024. the Debdal¢ Park Sports Club had a deficit of £23,633 and its N¢t Assets w¢re £)03,569. Reserves The Trustees have considered the level of reserves held by Delxjale Park Swrts Club and consider satisfaclory to enable it to continue its cutTent activities. Funding sources The principal funding sources in the period ended JO September 2024 was grant incomc from Ihc its trading subsidiary of £J6,))O and donations toward the specific and 0rationS of the Centre of£)6,634. Indepelldent examiners Baldwin Cox Ltd has offered themselves as ihe Independent Examin¢rs of lh¢ charity.
DEBDALE SPORTS CLUB REPORT OF THE TRUSTEES (Continued) Responsibilities of the Trustees The Charity's Trustees arc rcspinsible for preparing the Trustees Annual Rcport and the financia] statements in accordance with applicable IrLW and United Kingdom Accounting Standards (United Kingdom Generally Acc¢pted A¢¢ounting Practice)- C'ompany Law applicabl¢ to charilies in England and Wales requires the Trust¢¢s to prepare financial statcm¢nts for each linkmcial year which give a tru¢ and fair view of the state of affairs of the charity and of the incotnin&F resources of the charity forthat pcriod. In preparing these financial statements, th¢ Trustees are required to.. select suitable accounting p)licies and then apply them consistently- observe the methods and principl¢s ID the Charities SORP. ake judgements and estimates that are reasonable and prudent- state whether applicablc accounting standards have been followed, gubject to any material departures disclosed and explained in the financial ststetnent5; prepar¢ the financial statements on the going concern basis wiless it is inappropriate to presu¢ that the charity will conlinue in operation. The Trust¢cs are responsible for keeping proF¢r accounting records that disclose with rcasonabl¢ accuracy at any time the financial position of the Charity and enable thcFn to Cnsure that the financial qiaiements comply with the Chariticb Art 2011 and the Charity (Accounts and Reports) Regulations 2008. The Trustees are also r¢5ponsible for %afeguarding the assets of the Charity 8nd hence for taking reasonable st¢ps for the prevention and detection of fraud and oiher irregularities. n so far as th¢ Tru51¢¢5 are aware.. a. ther¢ is no relevant audit inforniation of which ihe charity's auditor is unaware. and b. th¢ Trustees have taken all sieps they ought lo have taken to make themselves aware of any relevant audit information and to establish thai the auditor is aware of that infomation. The Trustees have given dvc considcration to the Charity Commission published guidance on the operation of the public benefit requirement. Tbis report was approved by tbe Trustees on27June 2025 T Oxley Trustee Debdale Park Sports Club
DEBDALE PARK SPORTS CLUB INDF.PENDF.NT EXAMINERS, REPORT TO THE TRUSTEES OF DEBDALE PARK SPORTS CLUB FOR THE YEAR ENDED 30 SEPTEMBER 2024 I rew)rt on the accounts of the Charity for the year ended JO September 2024, which is set out on pages Stol RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The Charity's trustees are responsible for the preparation of the a¢rounts. The Charity's trustees c()nsider that an audit is not required for this year under section 144 of th¢ Charities Aci 2011 (the Charities Act) and th&t s]n indepetident examinalion is needed. It is my responsibility to- examine the accounts under section 145 of the Charities Act. to follow the procedures laid down in the general directions given by th¢ Charity Commission (under section 14515}Ib) of the Charities Act), and to state whdher parbcular wnatt¢rs hav¢ com¢ to my attention. BASIS OF INDEPENDENT EXAMIIYER'S STATEMENT My examination was carried out in accordance wiih general directions given by the Charity Commis'sion. An ¢xamin&tion includ¢5 a review of the accouniing records kept by the Charity and a comparison of th¢ a¢counts presented with those r¢¢ords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning any such matters. The procedures utldertaken do not provide all the evidence that would be required in an audit, and consequently ¥ko opinion is given whether the accounts present a'true and fair" view and the report is limited to (hose matters set out in the gtatement below. INDEPENDENT EXAMINER'S STATEMENT In COnntIon with my ¢xamination, no mattcr has comc to my att¢ntion: l ) which requires me reosoTrable cause to believe that in. any materiai respect, the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006,. to prepare accounts which accord with the accounting rccords and COTnply with the accounting requir¢ments of section 396 of the Compani¢s A¢1 2006 and with methods and principals of the Statement of Recommended Prnctice Ac¢ountÉng and Reporting by Charities have not been mel: or 2) to which, in my opinion, allention should be drawn in order to enable a proper understanding of th¢ aOunts to be reached. Andrew P Crossley FCA Baldwin Cox Limitrd 1 S Foster Avenue Beeston Nottinghom NG9 IAE 21 June 2025
DEBDALE PARK SPORTS CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEvfEMBER 2024 UnTe$¢ricted Funds Re$trieted Fwnds Tot81 FuTrds 2024 Total Funds 2023 Not¢ Inoomlng Resourees from genernting funds: Vuluntdry income- Grants Gift from trading subsidiary R¢ntal Income 36J30 36,634 36J30 36,634 6.781 Total Incoming Resources 72,964 72,964 Resources ExpeDded Charitable aetivilies Governance costs Depr¢¢i&tion 60?72 &721 24.245 OOJ72 9yI 26,643 33,862 i.191 860 2,398 Totsl Resources Expended 93J38 3258 96596 72.288 Net Resourfes Before Taxation Taxation (20J74) (3,258) {23.632) (J8,095) Net Incomlng Resour¢es After Taxation (20J74) (3258) {23.632) (38.095) Net Resource5 at l October 49,514 277,687 327,201 J65 296 Balances e*rried forward at 30 September 2024 29,140 274,429 303,569 J27.201 All incoming resources and ttsources expended derive from continuing activities. The Notes OTJ pagcs 7 to 12 fortn part of these Financial Statements.
DEBDALE PARK SPORTS CLUB BALANCE SHEET AS AT 30 SEFfEMBER2024 2024 2023 Notes FIXED ASSETS Tangible assets Investment5 285.878 i12,521 285,879 i12,522 CURRENT ASSETS D¢btors Cash bank and in hand 5J54 325J47 330.701 9,229 1.5.879 CREDITORS Amounts falling due within ()ne year 313,011 {1.200) Nel current assets 17,690 303,$69 -127 201 The Total Nd Assets are represented as follows: Funds Unr¢stri¢tcd R¢gtrict¢d 10 29,140 ?74.429 303.569 49,514 277 687 -)27 201 For the financial year end¢d JO Septernr 2024 the company was entitled to exemplion from audit under section 477 of the Companies Act 2006 relating to small companies. The trnstees acknowledge their responsibilities for complying with the requirements of the Act with reS¢t to accounting records and the preparntion of financtal statements. The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicabl¢ to companics subjecl to th¢ small cornpanies, r¢gim¢. The financial statcmcnts w¢rc approved by the board of trustcts and A(rthorised for issue on 17 June 2025 and are signed on its behalf by= T Oxley- Trustee Company Registration Number CE022645 Charity Number 1190558 The Notes on pages 7 to 12 fom) part of these Finan¢ial Stat¢ments
DEBDALE PARK SPORTS CLUB NOTES TO THE FINANCIAL STATEME]YTS FOR THE YEAR F.NDED 30 SEPTEMBER 2024 Aeeollnting Polieies Company Informatio Debdale Park Sport5 Club is a charity and private company limited by guarantee incorp()rated in England and Wal¢s. Thc rcLJisl¢rd OlLE Ès Debdale Sports Club, Off tkbdalc Lane, Mansfield Woodhouse. Nottinghamshire. NGI 9 7NS. Accounting Convention Thcse financial statements have been prepared in accordance with FRS 102 "The Financial Rcporting Standard applicable in the UK and Rcpublic ot. Ireland" I'FRS 102"). the Charities SORP FRS 102 and the requirements ot the Companies Act 2006 as applicable to companies subject lo the small companies regime. The disclosure requirements of section l A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the fiEnctional currency of the company. Mone(ary amounts in these financia] statemcnts ar¢ rounded io the nedrest £. The financial statements have been prepared underihe historical ¢ost ¢onvention. The princi] accountllg policies adopted are set out below. The company has taken advanlagc of the exemption under section 399 of thc Compani¢s Act 2006 not to prepare consolidated accounts. on the basis that the gTroup ofwhich this is the parent qualifi¢s as a small group. The financial statements presenl inforn)Ation about the company as an individual entity and not about its group. 1cOMIng Resources Voluntdry income including grants and donations is ruognised in the Statement of Financial Activitie5 111 the peritsd in which the charity is entitlcd to the receipt and the amount can measured with reasoT)able certasvkty. IJ Resources Expended All expenditur¢ 15 recognised when 2 liability is incunrd. Charitable expenditure includes all expenditur¢ &gsociated with the preservation of hÈstDrical heritsgc by th¢ rcnovation and eonstruction of a heritage museum. Governance costs include those incurred in the governance of the charity and its asscts and are pmarIlY associated with me¢ting slatutory requirements. Taxgtion Due to the Seheme's charit&ble status, there is llo reserve r¢quired in respect of IatiOn.
DEBDALE PARK SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEpfEMBER 2024 Aecounttng Polici&s (continued) Fund Accoun¢Éng Funds held by thc charity ar¢ eiih¢r: Unrestricted genera] funds. These are the funds, which wi be used in accordanc¢ with th¢ Charitable objects at the discretion of the Trnslees. Restricted funds. These are the funds, which can onty bc used for particular restricted purp05CS within the objects of the charity. Restrictions ari5c whcn specified by the donor or when funds raised for a particular restricted purpose. Further cxplanation of th¢ nature and purpose of each fvnd is included in the notes to the accounts. tk5ignalcd funds are genernl funds set aside by decision of the trust¢¢s to meet commitments for future exp¢nditure, or for funds invested in the functional ass¢ts of th¢ charity. vfgnt lTheomt and Expenditure Grani income is included in the ststement of financial activities on a receipts basis. Grant expenditure is accounted For when the commitment is made. Tangible Fixed Assets Tangibl¢ fixed assets are me&8ured a1 Cost and subsequently measured at cost or valuation. net of d¢pr¢ciation and any improvement losses. Depreciation is recognised so as to wrile off the cost or valuation of assets less Éheir residual values over their uscful lives on Éhc following bases: Freehold property and improvements Equipment IOO/o reducing balance 10 /0 reducing balance Fixed A5$et Inve4tments Thc company has decÉded to show the fixed asset investment at cost value, rather than fair valuc, as the investment represents a IOOO/o shareholding in its trading subsidiary which donates all of its taxable profits to Debdale Park Sports Club. Cash #nd Cash Equlvolents Cash and cash equivalents are b&ic financial assets and in¢ludt ¢ash in hand, deposits held at call with banks, other short-tsrni liquid investments with originai maturities of three months or less, and bank overdr&fis. Bank overdrafts are shown within borrowing in current liabilities.
DEBDALE PARK SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEIryEMBER 2024 Aecounting Policies (eontinued) Financial Instruments The comFuny has elccted to apply the provisions of Section I I 'Basi¢ Financial InstruTnents' and section 12 '0thcr Financt81 Instruments Issues, of FRS 102 to all of its financial instruments. Financial instrum¢nts ar¢ reeognised in the company's ba]an¢e sh¢¢t when the CoMnY becomes party to the contractual provisions of th¢ instrument. Financial assets and liabilitics arc offtet, with the net amounts pre5cnted in the financial statements, when there is a legally ¢nforc¢able right to set off the recognis¢d amounts and there is an iniention to settle on a net basis orto realise the asset and settle the liability simultaneously. Basie FKnattcial Assets Basi¢ financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transact0 costs and are subsequently carried al amort15¢d cogi using th¢ effective interest method unless ihc arran&?ement constitutes a finan¢kng transaction, whcre the iransaetion is measured at ihe pr¢sent value of the future rec¢iptg discounled at a markct rate of interest. Financial assrfs classified as receivable within one year are not amortl5ed. Classifieation of Financial Liabilities Financia] liabilities #nd equiiy ItrUments are classifted accordin¥) to the substsnc¢ of the contractual arrangements entered into. An equity instrument is any contract that tvideTrces a rc5idual interest in the assets of the company after dedu¢ting all of its liabilities. Basic FiThancial Liabiltties B&iL fi[n¢7[ liabilities. including creditors bank loans, loans from fellow group ¢otnpanies and prefer¢nce shares that are classified as dcbL are initially recognised at transaction price unless ihe arrangcmcnt con8titthes a financing transaction, where the debt instrnment is measured at th¢ prcscnt Yalue of the future payments discounted at a market rdte of interest. Financial liabilities classifi¢d as pay&ble within one year arc not a¥nortised. Debt instruments e subsequently ¢arried amortised cosL using th¢ ¢ffective interest rate method. I'rade creditors obligations to pay for goods or services that have been acquired in rhe ordinary course ofbusiness Irom suppliers. Ainounts payable are classified as current liabilities if payment is due within one year or Icss. If not, they are presented as non-CUTrent liabilities. Trade cred2tors are recognised initially al transaction price and 5ubsequ¢ntly measured at amortis¢d cost using ihe effective inleresl mrfhod. Employees The average moiithly numbcr of persons (including trustccs) ¢mployed by the company during the year was 11 (202i'.8).
DEBDALE PARK SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfEMBER 2024 Charitsble Activiti 2024 2023 Activitifs dirrftly undertak¢ Support activities 96,597 72,288 96397 72.288 No trustees received any remuneration during the pcriod. Staff costs were paid in the year totalling £42,710 (2023.. £22,780) GOVerate Costs 2024 Accountancy fees Legal fees 1,2(10 1.200 1,200 1,200 Taxatio 2024 2023 United Kingdom cortxiration tsx at 190/0 Tangible Fixed Assets Property Improvements EquipmeDt Total Cost At l October 2023 Additions At 30 Scpt¢mber 2024 455,990 47250 503240 455,990 47250 503,240 Depreciatio At l Oetober 2023 Depreciation charged in th¢ year At 30 September 2024 J73,143 23,676 196,819 17,576 190.719 26.643 217J62 20,543 Net Book Value At 30 September 2024 AI 30 Septembcr 2023 259,171 282,847 26,707 285,878 312,521 Fixed Asset lllvestmettts 2024 2023 Investments The above represents the l OOts/o shareholding in the subsidiary trading company Debdale Sports Bar Limited, a company registered in England 2nd Wales 10
DEBDALE PARK SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Debto 2024 2023 Other debtors Owed from subsidiary 5,354 4,758 5J54 9.229 Creditors Falling due witbin One Year 2024 2023 Accruals Owed to subsidiary Other credilors 1,200 6274 305.537 313011 1,200 Unrestrlcted Funds Balance at l Oetober 2023 Imeoming Resources Resourfes Expended Balance at 30 September 2024 General Fund 49J14 72,964 93,339 29,139 Restricted Funds Balance St October 2023 Incoming Re5015rees Resourees Expended Balance 30 September 2024 Facilities upgrade 277,687 3358 274,429 12. Analysls of Net Assets Betsvee Funds Unrestricled FUrf$ RtSlri¢ied Funds Total Fixed Assets Cu]Tent asscts CredIto-. amounts falling due within one ycar 13,041 300,938 (284,8411) 272037 29,763 {28.171) 285,879 300,701 (31J,01 l) 274,429 303569 13. Controlling Party During the year Debdale Park Sports Club w8s controlled by the tntstees. 14. Member5 and Liability The Charity is a private company limitrd by bFuarantee and conscqucnily does noi have any share capital. Each member is liable to ¢ontribute an amount not excecding £1 towards the amounts of the Charity in the event of liquidation.
DEBDALE PARK SPORTS CLUB NOTF.S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 15. Subsidiary During the year the wholly owned subsidiary. DeMale Sports Bar Limited. gifted £36,J30 (2023- £6,781) to Debdale Park Sports Club. At the ycar cnd Dcbdalc Park Sw)rts Club owed Dea]e Swrts Bar Limited £6,274 {2023.. £4.471 due from Debdale Sports Bar Limited). This loan is interest free and is repayable on demand. 12