**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:
- -The Football Foundation
- -The Football Stadia Improvement Fund
- -All the local individuals and businesses who donated towards the project
## **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 ttee$ are made aware of thelr responsibilities and ire rerred 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
Le1cestehIre
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 tton 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...
Page 14
**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.
Page 15
**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
Page 16