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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 13264923 (England and Wales) REGISTERED CHARITY NUMBER: 1195500

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BARWELL SPORTS TRUST

Duncan & Toplis Limited

3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR

BARWELL SPORTS TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Statement of Cash Flows 6
Notes to the Statement of Cash Flows 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16

BARWELL SPORTS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 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 March 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects (objects) are for the public benefit generally but with particular reference to the inhabitants of Barwell and Leicester and its surrounding areas: 3.1 to promote community participation in healthy recreation by providing facilities for the playing of sports capable of improving fitness and health (facilities in this article 3 (objects) means land, buildings, equipment and organising sporting activities); 3.2 to advance amateur sport by promoting such sports or games which promote health by involving physical or mental skill or exertion and which are undertaken on an amateur basis; 3.3 to provide and assist in the provision of facilities for sport, recreation and other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and 3.4 to advance the education of the public, in particular, children and young people (including their physical and academic education) by such means as the trustees may from time to time determine.

Significant activities

The management of and hiring out of a 3G football pitch at Barwell sports complex..

The trustees extend their thanks to the key funders who made this possible:

Public benefit

The trustees have paid due regard to the guidance issued by the charity commission on public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The 3G pitch at Barwell sports complex now has regular bookings throughout the week. This includes local ladies, junior and amateur teams. Over 900 people per week benefit from the facility. A partnership has been established with Leicester City FC in the community and two football camps have been held in school holidays for local young people.

Volunteers, along with our own volunteers and an outside contractor, maintain the facility to the required legal standard for use by all users.

No amount is included in the financial statements for volunteer time in line with the SORP.

FINANCIAL REVIEW

Financial position

The accounts show a deficit in the year. This is mainly due to the depreciation on the pitch.

The day to day running of the pitch has operated at a deficit.

The charity has total funds carried forward of £473,040 (2022: £513,095) made up of unrestricted funds of £20,205 (2022: £22,372), designated funds of £16,000 (2022:Nil) and restricted funds of £436,834 (2022: £490,723).

This includes cash reserves of £29,397 (2022: £79,734).

At the year end the unrestricted reserves were a surplus.

Reserves policy

A clear policy by the trustees is to hold funds for the future resurfacing of the facility estimated in 10 years time, it has been suggested by the football foundation that £25,000 per year needs to be allocated into a sinking fund.

The trustees agreed that £16,000 will be allocated to the Sinking fund this year.

Page 1

BARWELL 5PORT5 TRusr REPORT OF The TrUSTEES FOR THE YEAR ÉNDED 31 MARCH 2023 FLTfuRE PLANS The charity Intends to continue work with the local community providing footballlng facllY£les to loc31 clubs. groups and individyals through rÈnt olthe 3G pitch. STRucfuRE. GOVERNANCE AND MANAGEMENr Governin¥ document The tharlty is controlled by it5 governlng documenL a deed of tru5L and constitute5 a Ilmlted company. limited by Éuararbtee. as defined by the Companles Act 2th6. Reuuitment ond apptslntmentol new trustees Trustees are chosen rfthey refiect theeth05 of the sports Iwst and are In¥mlved in local 5POrt in the Barwell communitv. Indurtlon and tralnlng of newtrustets There are no forrnal polScSes or procedures Sn place wr(h re5pert to the Inductton and (ralnlng of tnthes. which is undertaken as and when consldered beneficial tothe Charity. However. upon appointment all t￿￿tee$ are made aware of thelr responsibilities and ire r￿erred to the appropriate charity commission guidance for trusteos. Rlik mana¢ement The trustee5 pertelve the only slgnificant risk ta the charltyls if demand for and bookings of the ￿tch were to fèll. However. there are the a8reement5 noted in this report with Bar4vell Football Club and Leicester Clty the Community which mit%ète thls. 3Thd wbth Euro 2024 takin8 place next year the trustees belleve this will havea similar afFert astheworld Cup had in 2022. The Trustees htve rewewed the major rlsks to which the Ch4rty k exposed and systerns have been established to mitK¥ate those r15ks. ftÉFÈAENCE AND AOMINISTPATIVE DETAILS Re8lster¢d Cornpany number 13264923 IEngland and Walesl Re8i#ered number 11955CK) Re8i51eredoffi¢e Barwell Sports Club The CrKket Fleld Klrkby Road Barwell Leicester LE9 8FQ Trustees D J Lzin8 Manègin8 Director S W Mathleson Managlng Director T D Wri8ht Operatlons MaTraEer R W Guest Despatch Co-ordinator C P Trapps (appointed 6.8.231 Independent Exarniner Niall Kingsley IFCAI Duncan & Topls timited 3 Prin£es Court Royal Wbv Loughborou8h Le1ceste￿hIre LEII 5XR Approved by or i Q.l1:.2.3..,....,... the board pfrfrustee50n............-.... . nd si8ned on tts behaw by-. DJLalng-Tr Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARWELL SPORTS TRUST

Independent examiner's report to the trustees of Barwell Sports Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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:

  1. 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

  3. 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

  4. 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.

Niall Kingsley (FCA)

Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR

19/12/2023 Date: .............................................

Page 3

BARWELL SPORTS TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
fund
Designated
Notes
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
3
1,064
-
Charitable activities
5
Letting of 3G Pitch
43,680
-
Investment income
4
-
-
Total
44,744
-
EXPENDITURE ON
Charitable activities
6
Running Costs of 3G Pitch
16,789
-
Depreciation of Pitch and Facilities
14,122
-
Total
30,911
-
NET INCOME/(EXPENDITURE)
13,833
-
Transfers between funds
20
(16,000)
16,000
Net movement in funds
(2,167)
16,000
RECONCILIATION OF FUNDS
Total funds brought forward
22,372
-
TOTAL FUNDS CARRIED FORWARD
20,205
16,000		 Period
13.3.21
Year Ended
to
31.3.23
31.3.22
Restricted
Total
Total
funds
funds
funds
£
£
£
2,700
3,764
573,965
-
43,680
16,908
-
-
150
2,700
47,444
591,023
1,186
17,975
10,779
55,402
69,524
67,149
56,588
87,499
77,928
(53,888)
(40,055)
513,095
-
-
-
(53,888)
(40,055)
513,095
490,723
513,095
-
436,835
473,040
513,095		 Period
13.3.21
Year Ended
to
31.3.23
31.3.22
Restricted
Total
Total
funds
funds
funds
£
£
£
2,700
3,764
573,965
-
43,680
16,908
-
-
150
2,700
47,444
591,023
1,186
17,975
10,779
55,402
69,524
67,149
56,588
87,499
77,928
(53,888)
(40,055)
513,095
-
-
-
(53,888)
(40,055)
513,095
490,723
513,095
-
436,835
473,040
513,095
591,023
10,779
67,149
77,928
513,095
-
513,095
-
513,095

The notes form part of these financial statements

Page 4

8ARWELL SPORTS TRUST STATEMENTOF FINANCIAL P051TION 31 MAACH 2023 2023 Total fund5 2022 Totsi funds Unrestrict fvnd Restricted funds Desi8nated Notes FIXEDA55ETS Tènglble assets l4 130.259 465,321 595,580 640.343 CURRENT ASSErs Debtor5 Cash at bartk 3,137 183 1.331 3,320 29,397 380 79.734 16.WO 15,203 16.cilo 1,514 32.717 80,114 CREDITORS Amounts falling duewithln one year 16 121,2981 130.0001 151.29BI 1107,4031 NET CURRÉNT ASSETS 16,0951 16,(X)O 128,4861 118,5811 127.2891 TOTALASSEfs LESS CUF¢RENT UABILITIES 124,164 16,CQO 436,835 576,999 613.054 CREDITORS Amounts falling due after more than one year 17 1103,9591 1103.9591 199.9591 NEfASSETS 20.205 16,( 436,835 473,040 513.095 FUNDS Unrestricted funds RestrictÈd funds 20 36.205 436.835 22,372 490,723 TOTAL FV14DS 473.040 513.095 The chtritsblÈ company Is entltled to exemption fmrn under ￿tt￿on 477 of the Companies Act 20ffi for the year et)ded 31 Mar¢h 2023. The member5 have not rE9uired the company to obtain an audlt of Its financial 51atements for the year endEd 31 March 2023 in aCCOTdance with Section 476 of the Companies Act 20(￿. Thelru51ees aiknowledge thÈir respon5ibilitie5 for ensuring that the chèritèble company keeps accountlng rec¢rd5 th4t romply wlth 5ecUons 386 and 387 01 the Companies Art 2ts)6 and preparing financial statements which give a truè and fairvlew of the stsi¢ aff21rs of the charitable company 35 atthe end of each financial year and of its surplus or deficit for each finantial year in 3ccordance with the requirement5 of Sections 394 and 395 and which otherwise comply with the requirements ¢f the Compani& Aci 2006 relating to flnancial 5taternents, so far as applicablè to thÈ charitable company. These financial 51atemtnts have been prepared in accordarte with the provi*Ms appllcaNe to charltsble tompanie5 subject to the sm311 companies reglme. The financial statements were approved byJJe.808rd of Trustee5 and authorised for issue on were $18ned on 115 beha￿ bv.. 1911 W2023 DJ ng. frustee The Mtes form part tyf these financial statements Page 5

BARWELL SPORTS TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Year Ended
31.3.23
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(25,575)
Net cash (used in)/provided by operating activities
(25,575)
Cash flows from investing activities
Purchase of tangible fixed assets
(24,762)
Interest received
-
Net cash used in investing activities
(24,762)
Cash flows from financing activities
New loans in year
-
Net cash provided by financing activities
-
Change in cash and cash equivalents in the
reporting period
(50,337)
Cash and cash equivalents at the beginning of
the reporting period
79,734
Cash and cash equivalents at the end of the
reporting period
29,397		 Period
13.3.21
to
31.3.22
£
677,117
677,117
(707,491)
150
(707,341)
109,958
109,958
79,734
-
79,734

The notes form part of these financial statements

Page 6

BARWELL SPORTS TRUST

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.22
£
Net cash
Cash at bank
79,734
79,734
Debt
Debts falling due within 1 year
(10,000)
Debts falling due after 1 year
(99,959)
(109,959)
Total
(30,225)		 Year Ended
31.3.23
£
(40,055)
69,524
-
(2,940)
(52,104)
(25,575)
Cash flow
£
(50,337)
(50,337)
-
(4,000)
(4,000)
(54,337)		 Period
13.3.21
to
31.3.22
£
513,095
67,149
(150)
(380)
97,403
677,117
At 31.3.23
£
29,397
29,397
(10,000)
(103,959)
(113,959)
(84,562)

The notes form part of these financial statements

Page 7

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. GENERAL INFORMATION

Barwell Sports Trust is a Private Charitable Company Limited by Guarantee, registered in England and Wales. The charity's registered number is 1195500 and the Company registration number is 13264923.

The registered office and principal place of business is Barwell Sports Club The Cricket Field, Kirkby Road, Barwell, Leicester, LE9 8FQ.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

The entity constitutes a public benefit entity as defined by FRS 102.

There are no material uncertainties with going concern.

2. 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.

Income from grants, and government grants, is recognised at fair value when the charity has entitlement after any performance conditions are met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

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

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses on acquisition.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

3G Pitch 10% on cost
Fixtures and Fittings 4% on cost

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.

continued...

Page 8

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Fund accounting

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Critical accounting judgements and estimation uncertainty

In the application of the charitable company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no critical accounting judgements or estimation uncertainty that, in the opinion of the trustees, will have a material effect on the financial statements.

3. DONATIONS AND LEGACIES

Year Ended
31.3.23
£
Donations
3,764
Grants
-
3,764
Grants received, included in the above, are as follows:
Year Ended
31.3.23
£
Charitable Activities
-
Included within grants receivable are the following amounts:
Football Foundation - £Nil (2022: £494,277)
Which are government grants as defined by the SORP.		 Period
13.3.21
to
31.3.22
£
30,800
543,165
573,965
Period
13.3.21
to
31.3.22
£
543,165

continued...

Page 9

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT INCOME

4. INVESTMENT INCOME
Period
13.3.21
Year Ended to
31.3.23 31.3.22
£ £
Deposit account interest - 150
5. INCOME FROM CHARITABLE ACTIVITIES
Period
13.3.21
Year Ended to
31.3.23 31.3.22
Activity £ £
3G Pitch Letting Fees Letting of 3G Pitch 43,680 16,908
6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£ £ £
Running Costs of 3G Pitch 15,029 2,946 17,975
Depreciation of Pitch and Facilities - 69,524 69,524
15,029 72,470 87,499
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
Period
13.3.21
Year Ended to
31.3.23 31.3.22
£ £
Rates and water 240 -
Light and heat 7,861 4,724
Advertising 100 -
Sundries 20 -
Rent 5,015 2,083
Repairs and Renewals 1,793 -
15,029 6,807
8. SUPPORT COSTS
Governance
Other costs Totals
£ £ £
Running Costs of 3G Pitch - 2,946 2,946
Depreciation of Pitch and Facilities 69,524 - 69,524
69,524 2,946 72,470

continued...

Page 10

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
13.3.21
Year Ended to
31.3.23 31.3.22
£ £
Depreciation - owned assets 69,525 67,148
Operating Lease Rental Payments 5,000 2,083
INDEPENDENT EXAMINER'S REMUNERATION
Period
13.3.21
Year Ended to
31.3.23 31.3.22
£ £
Independent Examination Fees 2,946 1,950
VAT and Compliance Advice - 2,022

10. INDEPENDENT EXAMINER'S REMUNERATION

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the period ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022.

12. STAFF COSTS

There were no staff costs for the year ended 31 March 2023 nor for the period ended 31 March 2022.

The average monthly number of employees during the year was as follows:

Period
13.3.21
Year Ended to
31.3.23 31.3.22
Trustees 4 4

No employees received emoluments in excess of £60,000.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
Designated
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
31,633
-
Charitable activities
Letting of 3G Pitch
16,908
-
Investment income
150
-
Total
48,691
-		 Restricted
funds
£
542,332
-
-
542,332		 Total
funds
£
573,965
16,908
150
591,023

EXPENDITURE ON

continued...

Page 11

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
Designated
£
£
Charitable activities
Running Costs of 3G Pitch
10,779
-
Depreciation of Pitch and Facilities
15,540
-
Total
26,319
-
NET INCOME
22,372
-
TOTAL FUNDS CARRIED FORWARD
22,372
-
14.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2022
647,491
Additions
23,105
At 31 March 2023
670,596
DEPRECIATION
At 1 April 2022
64,748
Charge for year
67,059
At 31 March 2023
131,807
NET BOOK VALUE
At 31 March 2023
538,789
At 31 March 2022
582,743
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 Restricted
funds
£
-
51,609
51,609
490,723
490,723
Fixtures
and
fittings
£
60,000
1,657
61,657
2,400
2,466
4,866
56,791
57,600
2023
£
240
3,080
3,320		 Total
funds
£
10,779
67,149
77,928
513,095
513,095
Totals
£
707,491
24,762
732,253
67,148
69,525
136,673
595,580
640,343
2022
£
380
-
380		 Total
funds
£
10,779
67,149
77,928
513,095
513,095

continued...

Page 12

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 18)
Trade creditors
VAT
Other creditors
Accruals and deferred income
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 18)
18.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - Due in more than 1 Year		 2023
£
10,000
646
1,425
5,452
33,775
51,298
2023
£
103,959
2023
£
10,000
103,959		 2022
£
10,000
73,008
939
-
23,456
107,403
2022
£
99,959
2022
£
10,000
99,959

The amount included in the above loan, relates to the loan from Cleartherm Glass Sealed Units LTD as detailed further in note 21.

19. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2023
£
5,000
20,000
92,917
117,917		 2022
£
5,000
20,000
97,917
122,917

continued...

Page 13

BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

20. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£ £ £ £
Unrestricted funds
General fund 22,372 13,833 (16,000) 20,205
Sinking Fund for pitch rebuild
- - 16,000 16,000
22,372 13,833 - 36,205
Restricted funds
Football Foundation 445,068 (53,002) - 392,066
Football Stadia Improvement Fund 45,655 (2,400) - 43,255
Goal Wheels Fund - 180 - 180
VEO Camera Fund - 1,334 - 1,334
490,723 (53,888) - 436,835
TOTAL FUNDS 513,095 (40,055) - 473,040
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 44,744 (30,911) 13,833
Restricted funds
Football Foundation - (53,002) (53,002)
Football Stadia Improvement Fund - (2,400) (2,400)
Goal Wheels Fund 1,000 (820) 180
VEO Camera Fund 1,700 (366) 1,334
2,700 (56,588) (53,888)
TOTAL FUNDS 47,444 (87,499) (40,055)
Comparatives for movement in funds
Net
movement At
in funds 31.3.22
£ £
Unrestricted funds
General fund 22,372 22,372
Restricted funds
Football Foundation 445,068 445,068
Football Stadia Improvement Fund 45,655 45,655
490,723 490,723
TOTAL FUNDS 513,095 513,095

continued...

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BARWELL SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

20. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Football Foundation
Football Stadia Improvement Fund
TOTAL FUNDS		 Incoming
resources
£
48,691
494,277
48,055
542,332
591,023		 Resources
Movement
expended
in funds
£
£
(26,319)
22,372
(49,209)
445,068
(2,400)
45,655
(51,609)
490,723
(77,928)
513,095		 Resources
Movement
expended
in funds
£
£
(26,319)
22,372
(49,209)
445,068
(2,400)
45,655
(51,609)
490,723
(77,928)
513,095
490,723
513,095

Football Foundation is for the income and expenditure related to building and running the 3G pitch.

Football Stadia Improvement Fund is for the expenditure on improving the fixtures and fittings surrounding the 3G pitch.

Goal Wheels fund is for the income and expenditure relating to the purchase of goal wheels for the goals on the 3g pitch.

Veo Camera fund created to fund the purchase of the VEO camera used to records games and training sessions.

The Sinking Fund is for the replacement of the pitch in 10 years time from the date the pitch was completed.

21. RELATED PARTY DISCLOSURES

In the prior year, a loan of £109,959 was made to the charity by Cleartherm Glass Sealed Units Limited of whom a trustee is also a director.

During the 2022 - 23 year, a further £14,000 was made to the charity and £10,000 was repaid leaving a total balance on the loan at the year end of £113,959.

There is no formal agreement in place in respect of this loan and there are no formal repayment terms. No interest has been charged on this loan. This loan is not on a commercial basis.

Furthermore, the charity entered into a lease agreement with Barwell Sports and Cricket Club Company Limited on 6th November 2021. This lease is for a period of 25 years in respect of the land on which the 3G pitch is situated with an agreed minimum rent of £5,000 per year subject to reviews throughout the period. In the current year £5,000 (2022: 2,083) was paid by the charity to Barwell Sports and Cricket Club Company Limited in respect of this agreement. The subsequent lease commitments in respect of this are as shown on note 19 of these accounts.

During the year, the charity received £300 in donations, and £100 in sponsorship income, from Barwell Cricket Club towards the electricity costs of the charity as they use the facilities during the winter.

22. LIMITED BY GUARANTEE

The charitable company is a private limited company limited by guarantee and consequently does not have share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

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BARWELL SPORTS TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Period
13.3.21
Year Ended to
31.3.23 31.3.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 3,764 30,800
Grants - 543,165
3,764 573,965
Investment income
Deposit account interest - 150
Charitable activities
3G Pitch Letting Fees 43,680 16,908
Total incoming resources 47,444 591,023
EXPENDITURE
Charitable activities
Rates and water 240 -
Light and heat 7,861 4,724
Advertising 100 -
Sundries 20 -
Rent 5,015 2,083
Repairs and Renewals 1,793 -
15,029 6,807
Support costs
Other
Depreciation of 3G pitch and facilities 69,458 67,149
Fixtures and fittings 66 -
69,524 67,149
Governance costs
Independent Examiners' ' remn - non-audit 2,946 3,972
Total resources expended 87,499 77,928
Net (expenditure)/income (40,055) 513,095

This page does not form part of the statutory financial statements

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