Reerstered CompanyNumber 12878224 Registered ChatbtyNumber 11925.79 Rep)rt of the Trustees and Unaudrted Financial Statements fortheyear Ended 30 September2024 for Ambetvalley and ErewashAthletic Club I Acompany Limited byGuarentee) AEkV4E6&4" 1710412025 COMPANIES HOUSE 189
Ambervaueyand Erewash Athietlc Club Conients of ihe Flnan¢lalSlatements foitheyear End¢d 30 September2024 Pale Reference andA(Iministrative Detsiis Report ofthÈTrustses 2104 Independenl Examiners Report Statementol FlnanclalActivities Balance Sheet 7t08 Notes lothe Financial Staiements 9t013 Detailed Ststemenl of FinancialActMties 14to15
Ambervaliey and Erewash Athlellc Club Relerence and Admlnlstratlve Detalts forthe Year Ended 30 Sepiemtser 2024 TRUSTEES D Banks R Pwoodward J Dave J L Bonser REGISTERED OFNCE 28 Monarch Drive Derby Derbyshire DE212XW REGISTERED COMPANY NUMBER 12878224 (England and Waiesl REGISTERED CHARffY NUMBER 1192579 INDEPENDEMf EXAMINER Cedai + Co Chartered CertifiedA¢countants ICffj-108 Ashboume Road Derby Page I
AmbÈrValley and Erewash Athietle Cthb Report of the Trustees fortheYearEnded 30 Septernber 2024 Thetrustees whoare also diredorsof Ihe charityforthe purposes ol Conyni¢sAct 2006. presenttheir reportwith the financiaiMaiemen15 olthechariryfortheyear Eneded2024. The vu5tees have adopled the provision5 ofkcounting and Reporting by Charthes= Statementol Recommended PracticeapplScable to chariiies preparlnRtheir accounts in accordance vlith ihe Financial Reportingstandard appU¢ablè In the UK an# Replubic of Ireland IFRS 1021 leffeclwe l Janaury20191 OWECTIVES AND Ac71Es Oble¢Wves and alms The Charrtysobjects arefor ihe public benefneenerallybutwthlhe particular relerencetothe Inhabiianis ofthe Borough of Ambervalleyand Erewa5h and tssurrounding areas- -to prornote ¢omrnunity particlpation in healthyrrfreaty.rjn byprowdingfacilities lorirack andfield, road, cr055 country. and 5POrts hallathletlcs and such other sport5 capableof Improving1¢nesS an¢J heallh.. the provide and assist in the provision ollacilrtiesfor sport. recreation and other ieisuretime occupation ol such personswho ha needt¢ysuch laciilties by rea50nof Iheiryouth. age. infirmlty ordisabllity. po¥èrtyor social and economic circumstances orforihe public ai rrte in the interests ol socialwellare andvAth thÈ 0blectotimprrtgthÈlr condrtions of lrfe: ~ ioadvancethe education olchiwren and young people lincludin¥theirphy5ical andatademlc educationlby such means asihe tsustees mayfTOrn MelOtimede1ermIThB. SlpxfflcantActMtits A5 afb active amateur athletics tlub we tonts"nutto promotea wD.lump arth1OWe1h0s.we have a membership although our compety"torstendto be aged 17 aftd below. Our maln attwilles are the undertaking utaihletics 1rainingsessS andcompets.ngat ltscal and national evenis. Publlc Benefll In explaining hcwthe aciknfjes olthe charltyrneetsthe public l)enefitof tt5worL thetrustees have metlhe requirements ollhe CompaniesAct 2011. FINANCIAL REVIEW Flnanclal Posttlon Total incomingre50urtesforthe periodwere E 39.794 12023.. £25.928ltknich included incomeof £37.30612023.. E23.39)lfromsubscriptTronsand mtn**ershipfees. Reseryes Pollcy Total unreslriced reserves as at30 September 2024Stood at£22241 12023= £21.8821 Ih avaiuible reseNesof£16.5S7 12023.. È14.756). Atthi5 time the tfU5tee5 have a reserve5 policywhich seeksto malntain a balance at any given time ol betweeTh£5.OOOand£lO,000 l0coveropefatingexpendi. Aseeondaryaim Isto holdan Page 2
Ambervalleyand ErewashAthi•tlc Clthb R¢portollheTrustees forlh•Y•ar Ended 30S•ptemb•r2O24 addltionaLÉlO.oooio £12,000 in a business leSeTh xcountfor newiTritalNesandq)portunities. The available levtl otreseNe5 al E 16.557 12023= È14.7561 is É6.55712023'. 24.7561 greaierthan the balance of ieserves sought bythecharityto coveroperalin#expendityre. We believethai the ieser¥escaTried fward are sutfientt0ctrrIhe antKiiated expenses Df the charity forthE ¢omlngyear. Golngcon¢ern After rnakingapproprtate enqulrles. thetrusiees havea reasonable expectation thatAmberValleyand Eiewash Afhletic Club has adequaie resource5 to¢0ntinue in operauonalexisience forlhe foreseeable future. Foithi5 reason they continuetoadoptthe goingconcem baslsarM1 prèparrngthefinanclal statements. FUTURE PLAN5 Our membetshlpwas massively reduced as a iesult olthe co¥id panLlemic. Our main acheNementand future plans are focused on the needto ensure membeishiplevelsreturrbtoand remain at pre.covid pandemic levels. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The charityis controlled bylts governingdocument. a deed ottW5L andconstitutes a lirnltet1 eomparry. limited byguaraMÈe. asdeff ned tythe CompaniesAct21)%. Recrullmenland appolnlrnenl olnewtrustees Any peTsonwho is eligible and wllinEto act as a truslee maybe appointed to be a trustee in acrur(Jance Ih thecharity'sArticales ofAssoclaiion. No person may be appointel as atrustee uThless he oi she is a mèmber of the charity, has attaine(J the age 0118 and is noldisquatiftedto actas atrustee. The numberof trustee5should be notless ihan 3 and unless othernise determlned tyordlnaryresolutlon. Shailnot be morethan 12. Thetrustees includèthe ChaSr. VK&Chair.Seuetsry and Treasurer. together with anyother personappointed in aceordante vAth theAm"cles. Risk Manag•ment The trustees have wrtin place a numberol politrtsand protedurestoaddiessthe iisksfaced bythe charity.which include ihefollown¢: An Equrty statementwhi¢h should be read tyeach pewson invoi¥pd In the charity Code of condvctTor parents- aimed at parpnt5 and carers Code olconductforcoaches- aimedatall¥oluntee Socialmedla poucy Dlsclpllnary and grlevance procedures Privacy pobcy Page 3
Ambervalleyand Efewash Athle¢ Club Report oftheTru51ee$ forthe Year Ended 30 September2024 Privacynotice formembeisundei 16 Thetrusiees have a5ses5ed the malw rlsksloTHhlch the charltyls exposèd. In partituiarthose r•lated lo rhe operaison and Ilnances ol the chartyano are satisfd Ihatsystems are In Waceto rnitigate theii exposure ththe malordskstrus¢ees charlty. Th15 report has b¢en prepared In accordanvwlththe speclal wo¥tslons olpart 15oltheCornpanles kt 2006 retsiingto smallcompanies. Approved bytheorderof the boardof tiustees on. ..AnOsigned on h$ behalfty.. J Dave- Trusieè Page4
knd•ynd•nt E¥arnlners Roport io the Tst•e5 of knibervalley & Er•wash Athl•tlc Club I rgport to the ¢harity tru8te8s on my ¢xaminalion ofts dlhe rpanY for Year Ended 30 Seplwnber 2024. Resptsnslblllyeg and basls of report As Ihe charitys Iru5tees of iho Company land also rfs Dffectc¥s ICY rLJbposes of rtAry)arby lawl you are respons8 for the preparatson ofthe aecwnts in actordance wrilh Ihe requirnments of the Companies Acl Ctt 2C¥J6 Acr). Hary 5¥ti5fied myEdfthal tho atlts ofll ¢tyk¥Jwy ¥È r1 WLMr8d to be Jited under Part 16 olthe 2CQ6 A¢1 are th"gibkn for independwrt exarrination. I rewt in respectof my exaMition 0fur chaty5 a¢counts as (arTd ou¢ under sect 145 of the Charlties Act 2011 fthe 2011 Acf l. In tarryiny ¢yJt my examatIOn I have fi)Kowed the dire¢ti(mS gNen bythe Charbty Comrnt5S40n er S8Ctv)n 145 {51 (bl of th8 2011 ACL Ind•p•nd•nt OX4mlners stat•m8nt I have crKnpleled my exarnination. I cjjnfwrn that Tr) rnaitW5 have corrn lo my attenbon tn tyinect¥)n the exarnwhation me to bdigve.. 1 AcctyJnts"ng recorfs were nol kepl in rgspecl ofthg Compwy a5 reguifBd ty Sedion 386 of the 2006 Act or. 2 Tht aCnis do mt accL)rd wllh those recths or. 3 The accounts do not cornpty with the atcwming r•qui8nM)tswilh 3 of Ihe the 20Cfj A olher th8n anyrwirernent Ihal the acrovnts aThJ fair vi8w whK ts rx)l a mattwconskle 08 part ol indeFentJent exarnination. or, 4 The acctyJnfs have ntst t>een prepared In arI08 th8 m¢tl>th and wirw48s of the Staternont ol Re¢ommend8d PractKe acwuntirg and repNtirvJ by charilie5 lapFIKab18 lo chaiithas pr0P8M9 th8ir a¢cwovnb in 8tt¢Ydar FThrK¥al Repjimg SiandaTd appFcabkn in Ilw UK and ol Irdand IFRS 1021 I have no concem5 and have come 8cr0s5 other matters in ¢onnectioTh the exaMina.0n to which attention should be drawn in thg rep)rt wder to enabte a prorw understandw)g of the accounts to bg reathed GaryBrockway Date. JQ..04 .202 5 Cedar+ Co. 106- 108Ashboume Road Derby DE22 3AG Page 5
Ambervailey and ErewashAthlell¢ Club Statement of Fln¥nclalActlvftles lortheyear Ended 30 Sewember2024 2024 Restrlcted Unrestrlcted 2023 Total Total INCOME AND ENDOWMENTS FROM Charitable Activities Investmant Incom• Other Income 24.817 155 221 1.186 221 1.186 956 TOTAL 39,794 25.928 EXPENDITURE ON R¥Tsing Funds 7.138 7.138 3.950 CHARITABLE ACTMTIES Clwitsble actmtses 32.297 32,297 29,834 TOTAL 39.434 39,434 33,784 IIET INCOME I {EXPE14DrruREI 359 17,8561 RECONCILIATION OF FUNDS Total fd$ brough forward 21,882 21,882 29,738 TOTAL FUNDS CARRIED FORWARD 22.241 22.241 21,882 Page 6
Ambervalley and Erewa$h Athietl¢ Club alan¢e Sheet 30 September2024. 2023 Ntmes FIXED ASSETS Tangible Assets 7.126 CURRENT ASSETS 2.010 1.3?2 18,392 21.774 2,081 1.372 16,520 19.973 Debtors Cash at Bank CREDITORS Amnts fling dug ilhin on& 15,2171 15.2171 NET CURREIIT ASSETS 16.557 14,756 TOTAL ASSETS LESS CURRENT LIABILMES 22,241 21,882 FUNDS 9.10_ -22.241_ 21.882 The ¢harltable company is entellled to exemplh)n from audit der Sed1 477 of lhg Companies Act X106 fer the year ended 30 Septernber2024. The members have not required mparbY lo obin an audit of ts finwrxal statements for the year ended 30 S•ptwnber 2024 n accordance with Sedion 476 rA the Comp8ni•s Aet 20C6. The notes form partofthesetinanclal statements Pagè 7
Ambervaiiey and ErewashAthletlc Club Balance Sheel- conllnued 30 5eptember2024. Thè trustees ackn(wdge their re5ponthlty for. al Ensumg Ihat the charitable company keep5 xcountivJ rneixds Ihat cc¥npty *ith Sectsons 386 and 387 of the Companiès Act 2006 aN1., bl ppon9 financia statements which gNe a tr and fair vw ofthe affairs of ¢haritsWe wnpany as at the end of the financlal year and of ifs svplus or de1 for each finanrial yèar in ac¢oidance with Sèctions 394 and 395 and which otherwise compty the requirements of th¢ Compart Act 2006 relaling to financial statemenls. so far as applÈ¢able to the charits1e compafty. These financial ststements have been prepared in accordance 7Mth the provisions applicabielo eharitable companies. subject to the small companies regime. The linèncial statement5 were approved tythe Board of Trustee5 and auihoiised for issue on the.lo :.LF... 25. And were signed on ifs behalf by Paee 8
Ambervalleyand Erewa$h Athletlc Club Notes to the Flnanclalstatements forthe Year Ended 30 Seplernber2024 1. Accountlng P¢llcl•s Basis of pr•pxlng the finan¢lal stat•ments Th& finan¢yal statements of the dritable C4Jmpany. is è putr¢ benoffl enlty undtrr FRS 102. have been prepared in accordan wth char$ SORP IFRS 102}'AccounlAig and Reporbng by Charits'e$' Ststgm•nt of R¢GLxnm¢nded Practic• applicable to Chariti preparing their accounts in accordance vlith tho Financial RepNiing Standard applKable in the UK and R?publi¢ of Iland IFRS 102) (effective 1 January 2019).'Finan¢ial Rep)rb"n9 Stand appIlIe In the UK and The Republic of Ireland aThJ the Companies Act 2006. The finan¢ial stslements have been prop1 Lmder the historKal cost co¥onl)n. The financial statements art presonted in 51erthny wluch is Ihe bjnctional CUncY of the charilyand roundell to the nearesl pound. The finan1 statements are prèpared rm a 90ing conrn basis und•r the historical cost Convt[On. modifd to i1[d& e8rtaMI items at lair value. Incom• l in¢ome is rec¢4Jnised in the Statèment of Flnancial ActMfe5 orKe Ihe ch8ity has entitlement lo the lunds. 11 Is probablo that the irb¢ome 711 be received and the amount ¢an be measured reliably. If 8ntill&ment is not these am¢yJnts VAN be defeffed. Exp•ndlture Liabilities are recognised a$ expw¢Jiturè as SO as thera is a legd or constructive obligation committing th& charty to that expendrture. it is probatle that a Iransfer of eCOr1¢ benefits will b¢ required in settjomenl and the amounl of Ihe oblwion c3n bo rn¥asur¥d rdiab. Expendiiure is accounled for on an acruals and ha5 bèen rAassifI undar headings that aggregate all costs reialed to thè eatety)ry. Wl)erè costs Cannot be tllreety allrtjuted to pacular headin95 they have been allocatedto activities on a basis consisientwiththe use of the resources. Tanglbl? fixèd •ss•ts D&preciath?n is calculated at the followng annuat rates n rsd8r to writo off ea¢h ass•t over its estimaled useful life. Plant and machinery- Computer equipment- 20% on red balance 20% on cost Stocks Slo¢ks 8re valued al the kYr01 cost arNJ net rtalisatAe va. after making due alk)wance for ob$olets and slow movin9 iiems. Page 9
AmberValL•y and ErewashAthlelt¢ Club Notes to the Flnanclalstatements for theyear Ended 30 September2024 Taxatlon The ¢harity18 exempt from Corporation tax on kr$ charitable xtNiks. Fund arxounting Unrestricted funds can b8 Used in acCcytsr V•rylh otiedives at thg disLYo1ion of the trustees. Reslricled fund5 ¢an onty be used for paiticular restricted purposes wthin the objects of ihe charity. Reslrictions arise vh>en specifie(l ty the donor or Ihe funds ¥0 rai5gd foi partiCAdar restricled. purposes Further èxplanation ol the nathrè and purposè of each irKlud8d in the notes to the financlal $tatwnents. Hlre purthases and leas5ng ¢ommRm¢nts Renta15 paid under opearting leHses are ¢hged to Stment of Filaral Activits on a straight lin8 basis over the period of Ihe leasè. Cash at bank Cash at bank indleS deposits held at ¢811 wth th• banks. other short term liquid investments original malurilfies of three months c less. aTh1 bk overdrafts. Debtors and ¢re(Wtors rl¥able1 payable tlthln on• y•x Debtors and creditors *iih ststed terest an recèivabk or payablt wlthin one are recorded at transaction wce. Any losses ariwn9 from impairm8nt are reced in expendi. Provlslons Provisions are rectr3nised whtrn the th8rity has an obkgatw at the balance sheel dale as a result of the past even( it Is prthble that an ouffiow of eo)nomi¢ vnll be requwed in settlement and the amount can be reliabty e8timat•d. Page 10
Ambervauey and Erewash Athletlc Club Notestothe Flnaft¢lal*•tements fortheyear Ended 30 September2024 Comp•ny Stalus The company 1$ a private wmpany fimite(I by 9uarant8ad. regithred in England and Wale5. The members of the company are tha Tnjstees named on P1. In the event of the charity being wound up. the liatility in mFeCt of Ihe guarantee is limited to £10 per member of the charity. 2 INVESTMENTINCOME 2024 2023 Deposit account interest 221 155 3 NET INCOMEI IEXPENOITUREI Net income I lexpendiiuiel is stated ofterchawngllcrediling): Depreciation- owned assets Hire oltrainingfacilities 1.442 16.448 1,781 12.969 4 TRUSTEES, REMVNERATION AND BENEFITS There were no trustees. remuneration oi other benelitsforthe yEaiended 30 September2024 nor lorlhe yearended 30 September2023. Trustees. ¢XP8n5¢S TheWere no trustees. expenses paid forthe year ended 30 September 2024 norfoitheyear endet130 September 2023. Page 11
Ambervalley and Erewash Athtrflc Club Nolestolhe FSnancl#l SLltements lorthe Year Ended 30 Seplembei2024 5 TANGIBLE FIXEDASSErs Plant & Machln¢ry Comput•r Equipm•nt Total COST BIFwd AddilMs 9.471 420 9.891 CFwd 9,471 420 9.891 DEPRECIATION Fwd 2.681 1.35B 4.039 2.765 1.442 4.207 Chargo in CFwd NBV At 30 September 2024 5.432 252 At 30 S•ptèmber 2023 7.126 6 STOCKS 2024 2023 Stock 2.010 2.081 7 DEBTORS 2024 Prepayments 1.372 1.372 CREDITORS 2024 2023 Accruals 5.217 5.217 Page 12
Ambervaiiey and Erewash Athleiic Club Notesto the Flnanclalstatements foilhe YearEnded 30 September2024 9 MOVEMENT IN FUNDS NET MOVEMENT IN FUNDS 1.1023 30.9.24 Generalftjnd 21.882 359 22.241 21.882 359 22.241 kncomlng R•source5 R•$ourcos Exp•nd•d Movement In fund$ UnrvJtrl¢tgd fvnd$ General lund 39.794 39.434 359 39.434 359 Comparatbvesformovementln funds NET MOVEMENT IN FUNDS 1.1022 3Q.9.23 GeneTallund 29.738 17,8561 21,882 29,738 17,8561 21,882 Incomlng R•sources Resources Expènded Movement In funds Unrestricted funds General fund 25.928 133.7841 17.8561 25.928 133.7841 17,8561 Page 13
Amb¢f Valley and ErewashAlhleiic Club Detalled Sl*ernentof FlnanclalActlvftles lorth• Year Ended 30 Sept•mber2024 2024 2023 INCOMEAND ENDOWMErirs In¥estment Income Oeposit account interest 221 Iss Charltable actlvlties Subscrlptions and membershiplees Cloihingand kit sales 37.306 1.080 23.3 1.427 24.817 Olher Income Sundry 1,186 956 Total Incomlnl resources 25.928 EXPENDIWRE Olhertradlngactmtles Openingsiock Purchases Closing Stock 2,081 7.067 2.010 7,138 2.152 3.879 12,0811 3,950 charltable actbvllles Hire ol trainingfacib-ties Attrliation costs 16.448 3.106 3,544 1.808 1,993 1.442 28,3d2 12.969 2.563 5,769 1.576 1,697 1.781 26,355 Compelilion cosis Mini-league costs Sundrie5 Depreciation Page 14
Ambervallty and ErewashAlhlelle Club Detalled Statefflentof FlnanelalActlvlUes forth• Year Ended 30September 2024 Support costs Flnance Bank charges 312 176 Informaiion technology Web51te and computei costs 144 Human resources Training¢osts 400 Go¥emance cosis InL1ependeni examinaiion fees Accouuntacy cosls 2.160 600 2,760 2.160 600 2,760 Total resources expent1ed 39.434 33,784 Net Income I leypendlthrel 359 17.8561 Page 15