Nortonthorpe Sports Club
Charity No. 1195313
Company No. CE025129
Trustees' Report and Unaudited Accounts
31 July 2023
Nortonthorpe Sports Club Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Notes to the Accounts | 8 to | 12 |
| Detailed Statement of Financial Activities | 13 to | 14 |
Page 1
Nortonthorpe Sports Club Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE025129
Charity No. 1195313
Registered Office
4A Springfield Avenue Clayton West Huddersfield HD8 9HJ
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
A. Dawson
L. Dawson
M. Geal
Accountants
Solutions Accountancy & Bookkeeping Ltd 1 The Mews
Little Brunswick Street Huddersfield HD1 5JL
OBJECTIVES AND ACTIVITIES
The purpose of Nortonthorpe Sports Club is to provide and assist in providing facilities for recreation or other leisure time occupations in the interest of social welfare, and as a means of improving the conditions of life for the benefit of the inhabitants of Scissett and local communities. The charity is an unincorporated organisation that was first registered with the Charity Commission in 1979. In 2020 a new board of trustees with a wide variety of experience was appointed. The trustee’s meet frequently to manage the charity and discuss ongoing projects and financial position.
The Nortonthorpe Sports Club’s (charity number 1195313) main activities undertaken for the public benefit in the year were:
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Continue to offer its facilities to Scissett FC and built a closer relationship with Scissett FC, our main users of the grounds.
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Continued to improve the facilities which is now seeing additional groups, both sports and general groups interested in using the facilities.
Our plans include:
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Developing and completing the perimeter fencing and trail for the benefit of the wider community
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Continue to improve and market the grounds as a multi-sport venue so existing clubs and events can use it.
Page 2
Nortonthorpe Sports Club Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
Main achievements during the year:
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Successfully transferred the charity into a CIO.
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Secured funding from the football foundation to improve the pitch quality over the next 5 years.
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Carried out extensive improvements to the facilities including but not limited to: increased and improved security, significant improvements to the clubhouse, significant, and ongoing, improvements to the grassed areas, other significant improvements by creating a trail around the facilities.
FINANCIAL REVIEW
The charity has faired well this financial year, despite lots of changes to its committee and make of its members. The previous years investments are proving valuable as its is attracting new users and generating new and additional revenue streams.
The trustees are eternally grateful to all who give their time freely to support the charity in delivering its aims. Although the trustees are ultimately responsible and accountable for the effective running of the charity including compliance with statutory and legal requirements, good governance is achieved through the trustees taking on some duties but also through the delegation of other duties to the committee.
The charity has, at times, appointed professional advisors such as legal, audit, business, safety, with each of these professions ensuring our structures, processes and delivery are compliant.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Allen Dawson
A. Dawson Allen Dawson (May 29, 2024 15:18 GMT+1) Trustee 29 May 2024
Page 3
Nortonthorpe Sports Club Independent Examiners Report
Independent Examiner's Report to the trustees of Nortonthorpe Sports Club
I report to the charity trustees on my examination of the financial statements of Nortonthorpe Sports Club for the year ended 31 July 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity 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 financial statements 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
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of CPAA, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in accordance with section 386 of the 2006 Act ; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements 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 financial statements to be reached.
Trevor Worthington Trevor Worthington (May 30, 2024 09:42 GMT+1)
CPAA Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield
HD1 5JL 29 May 2024
Page 4
Nortonthorpe Sports Club Statement of Financial Activities
for the year ended 31 July 2023
| Notes Income and endowments from: Donations and legacies 3 Other trading activities 4 Investments 5 Other 6 Total Expenditure on: Other 7 Total Net gains on investments Net income 8 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds carried forward |
Unrestricted funds 2023 £ 207,360 35,052 5 - |
Restricted funds 2023 £ - - - 22,198 |
Total funds 2023 £ 207,360 35,052 5 22,198 |
Total funds 2022 £ - - - - |
|---|---|---|---|---|
| 242,417 27,066 |
22,198 19,198 |
264,615 46,264 |
- - |
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| 27,066 - |
19,198 - |
46,264 - |
- - |
|
| 215,351 - |
3,000 - |
218,351 - |
- - |
|
| 215,351 | 3,000 | 218,351 | - | |
| 215,351 | 3,000 | 218,351 | - | |
| 215,351 | 3,000 | 218,351 | - |
Page 5
Nortonthorpe Sports Club Summary Income and Expenditure Account
for the year ended 31 July 2023
| Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2023 £ 264,610 5 264,615 43,752 2,512 46,264 218,351 218,351 |
2022 £ - - |
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| - | ||
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Page 6
Nortonthorpe Sports Club Balance Sheet
at 31 July 2023
| Company No. CE025129 Notes 2023 £ Fixed assets Tangible assets 10 207,537 207,537 Current assets Cash at bank and in hand 11,763 11,763 Creditors:Amount falling due within one year 11 (949) Net current assets 10,814 Total assets less current liabilities 218,351 Net assets excluding pension asset or liability 218,351 Total net assets 218,351 The funds of the charity Restricted funds 12 Restricted income funds 3,000 3,000 Unrestricted funds 12 General funds 215,351 215,351 Reserves 12 Total funds 218,351 |
2022 £ - |
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These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 29 May 2024
And signed on its behalf by:
Allen Dawson
Allen Dawson (May 29, 2024 15:18 GMT+1)
A. Dawson Trustee 29 May 2024
Page 7
Nortonthorpe Sports Club Notes to the Accounts
for the year ended 31 July 2023
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
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Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
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Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
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Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
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Income with Where income has related expenditure the income and related expenditure is related reported gross in the SoFA. expenditure Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
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Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
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Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Nortonthorpe Sports Club Notes to the Accounts
Expenditure
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Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
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Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
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Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment, Fixtures & 25% Straight line Fittings
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
Nortonthorpe Sports Club Notes to the Accounts
3 Income from donations and legacies
| Income from donations and legacies | |||
|---|---|---|---|
| Donation of Land Transfer from Old Charity |
Unrestricted £ 199,999 7,361 207,360 |
Total 2023 £ 199,999 7,361 207,360 |
Total 2022 £ - - |
| - |
The charity was previously an unincorporated entity and has now been incorporated as a CIO. Donations of £7,361 represent net funds transferred from the old charity to the CIO. Land with a market valuation of £200,000 was donated to the old charity and is now being recognised as assets of the old charity are transferred into the new CIO.
4 Income from other trading activities
| 4 Income from other trading activities |
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|---|---|---|---|---|
| Sales Rent Received Other Revenue Sponsorship Income 5 Income from investments Interest 6 Other income Grants |
Unrestricted £ - - |
Unrestricted £ 14,620 3,501 1,931 15,000 35,052 Unrestricted £ 5 5 Restricted £ 22,198 22,198 |
Total 2023 £ 14,620 3,501 1,931 15,000 35,052 Total 2023 £ 5 5 Total 2023 £ 22,198 22,198 |
Total 2022 £ - - - - |
| - | ||||
| Total 2022 £ - |
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| Total 2022 £ - |
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Page 10
Nortonthorpe Sports Club Notes to the Accounts
7 Other expenditure
| Unrestricted Restricted £ £ 12,231 - Employee costs 2,573 - Premises costs 7,031 10,948 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets 2,512 - General administrative costs 7,719 - Legal and professional costs (5,000) 8,250 27,066 19,198 8 Net income before transfers 2023 This is stated after charging: £ Depreciation of owned fixed assets 2,512 Independent Examiner's fee 450 9 Staff costs No employee received emoluments in excess of £60,000. 10 Tangible fixed assets Land and buildings £ Cost or revaluation Additions 200,000 At 31 July 2023 200,000 Depreciation and impairment Depreciation charge for the year - At 31 July 2023 - Net book values At 31 July 2023 200,000 11 Creditors: amounts falling due within one year 2023 £ Accruals 949 949 |
Total 2023 £ 12,231 2,573 17,979 2,512 7,719 3,250 46,264 Equipment, Fixtures & Fittings £ 10,049 10,049 2,512 2,512 7,537 |
Total 2022 £ - - - - - - |
|---|---|---|
| - | ||
| 2022 £ - - Total £ 210,049 |
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| 210,049 | ||
| 2,512 | ||
| 2,512 | ||
| 207,537 | ||
| 2022 £ - |
||
| - |
Page 11
Nortonthorpe Sports Club Notes to the Accounts
12 Movement in funds
| Restricted funds: Restricted income funds: Reach Fund FA Pitch Fund Total Unrestricted funds: General funds Total funds |
Incoming resources (including other gains/losses) £ 11,250 10,948 22,198 242,417 264,615 |
Resources expended £ (8,250) (10,948) (19,198) (27,066) (46,264) |
At 31 July 2023 £ 3,000 - |
|---|---|---|---|
| 3,000 | |||
| 215,351 | |||
| 218,351 |
Purposes and restrictions in relation to the funds: Restricted funds: Reach Fund FA Pitch Fund
13 Analysis of net assets between funds
| Fixed assets Net current assets 14 Reconciliation of net debt Cash and cash equivalents Net debt |
Unrestricted funds £ 207,537 10,814 218,351 Cash flows £ |
Total £ 207,537 10,814 |
|---|---|---|
| 218,351 | ||
| At 31 July 2023 £ |
||
| 11,763 | 11,763 | |
| 11,763 11,763 |
11,763 | |
| 11,763 |
15 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 12
Nortonthorpe Sports Club Detailed Statement of Financial Activities
for the year ended 31 July 2023
| Income and endowments from: Donations and legacies Donation of Land Transfer from Old Charity Other trading activities Sales Rent Received Other Revenue Sponsorship Income Investments Interest Other Grants Total income and endowments Expenditure on: Other expenditure Employee costs Staff training Temporary staff Premises costs Rates Light, heat and power Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Equipment, Fixtures & Fittings Bank charges Equipment expensed |
Unrestricted funds 2023 £ 199,999 7,361 207,360 14,620 3,501 1,931 15,000 35,052 5 5 - - 242,417 12,231 12,231 1,418 1,155 2,573 1,682 392 4,655 302 7,031 2,512 113 4,781 |
Restricted funds 2023 £ - - - - - - - - - - 22,198 22,198 22,198 - - - - - - - 10,948 - 10,948 - - - |
Total funds 2023 £ 199,999 7,361 207,360 14,620 3,501 1,931 15,000 35,052 5 5 22,198 22,198 264,615 12,231 12,231 1,418 1,155 2,573 1,682 392 15,603 302 17,979 2,512 113 4,781 |
Total funds 2022 £ - - |
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Page 13
Nortonthorpe Sports Club Detailed Statement of Financial Activities
| General insurances Software, IT support and related costs Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees Solicitor's fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
1,772 60 538 78 377 10,231 500 1,544 (8,600) 1,556 (5,000) 27,066 27,066 - 215,351 215,351 - 215,351 - 215,351 |
- - - - - - - 8,250 - - 8,250 19,198 19,198 - 3,000 3,000 - 3,000 - 3,000 |
1,772 60 538 78 377 10,231 500 9,794 (8,600) 1,556 3,250 46,264 46,264 - 218,351 218,351 - 218,351 - 218,351 |
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Page 14