REGISTERED COMPANY NiX*lBER: 13264923 IEDBlaAd and Waksl REGISTERED CHAWTYNUMBER: 11955 REPORTOFTHETRLISTEES AND uNAuDE0 FINANaALSTATEMENTS FOR THE YEAR E140E031 MARCA Z024 FOR BARWEiISPORTSTRUST Duncan & ToF4is limited 3 Prlnces Court Royal Wav L¢u8hborough Lelcestershire LEII 5XR
BARlIL SPORTSTRiisr COP4TENTS OFTHE FINANCLALSTATEMENTS FOR THEYEAR ENOED 31 MARCH 2024 Report oflbe Trus¢ees I to 3 Indep•nd•rrt ExamSnerf5 Report Stat*m¢ht 01 Fln•d4 ArtMtl85 StaiemEnt0lFlTha1II Po5Ttion estothe FI¢7•1 Stattmeiits 7 to 14 Delald StstèmÈntof AnaA¢r•l AdMtse5 Is
BARWELLSPORTSTrUST REPORTOF THETRUSTEES FCrf¢ThE YEAR ENDED 31 MARCH 2024 The trustees who are a150 directors ol the thaiity for the purp05e5 of the Companies Act 26. present their report with the flnand31 statements of the tharlty for the year ended 31 March 2024. The tWStees have adopted the provislons of Accounting #nd Reporting by Charities= StatÈment of Recommended Practiie applicable to charitie5 preparing their accounts in attordante wth the Financial Reportingstandard applKable in the UK and Republicof Irend IFRS 1021 leflective l January 20191. OBJECnVESAND ACTIVITIES OblertNes and alms The tharit¢s purposes lobjettsl are for the publlc benefit Beneralty bjt wkh partlcular reference to the Inhab(tsnts of Barwell and LeltestÈrand its surrounding areas.. -3.1 tv promote comrnunity partitipatn in healthy retreation by proMdin8 facilitie5 for the plèwn8 of sports Capab of improvinE frtness aThd hÈakh IPatilities in this artKle 3 lobjettsl mÈafis land, buildinÈ5. equiprnentand organisingsportingatdvltiesl., -3.2 to advance amèteur sfv by promotin8 suth sports or ¥èmes whith pr¢rte health by in¥olwn8 physical or mental Skill or exertion and whith are Ldertaken on an amateur basis- -3.3 to pwvide ènd assist in the provisitsn of facilities for SPDr¢ recreation and other leisure time occupation of suth persons who have need for suth fatiittles by tèaSDn of their youth. age. infirmity or disabilityi poverty or soclal Érbd etonomi¢ drpJftK%tan$ or for the publicat lar8e In thesntere5ts of 50clal welfare and th the object of improvin8theircondltlons of IKe.' and -3.4 to athan¢e ihe edu¢aty4)n of the public. in partlwlar. ¢hIldn and ywn8 people Iln¢ludlng their physi¢al and academk educatlonl such means as thetrustees may from tlrne to time detem)Ine. Si8nifk•ntarthllles The mana8ement ol and hlrln8 Out of a 3G football pstch at 8arwell sports complex. Thetwustee5 exterKI theirthank5 tothe key fUndewhO malethis pble.. -The Football Foundation -The Fty)tball stsdia Improvement Fund -AJl the local iThdfvlduaband bus(ne55es who donatedtowardsthe prolett PL1[Ctsnfft The trustees have pald due rerd to the8utdance issued by the charty commission on public benefit. ACHIEVEMENT AND PERFORMANCE Chayitable acuvttles The 3G pitch * BarwÈll sports complex now hès regular bookln8S throughout the week. This includes Ioc21 ladle5, lunlor and arnateur teams. Over people per week benefit from the facllity. A partnership has been estsbli5hed with Leicester City FC in tht community and two fwtball camps have been held In school holidays for locèl young people. Volunteer5. along with our own volunteers arKI an outside contrartoi, rnaintbin the facility to the requiTed le¥415tandard for use by all users. No arnount i4 included in thefinoncial 5tstements forvolunteer time in line with the 50RP FINAIICI4L REVIEW FJnan(ral p05rtion The accounts show a defidt In the year. This Is dueto the depredatlon the pltch. The dayto day runningof the plt¢h h•soperated ata surplu5. The tharity has total funds carrSed forwèrd of £445,871 12023.. f473,0401 tnade up ol unrestrkted lunds of £25.520 12023.. £20.2051. desnated funds of £32.1>12Q23.. £16,(XK>I and restricted funds of£388,35112023.' £436.8351. irKlude5 cash Te5erves of E33.09512023.. £29.3971. Attheyearend the unre5tsirted reserves werea surplus. Page I
RWELL5PORTSTRU REPOATOF THE TrUSTÉES FOR ThE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Reserves pollty A clear policy by the trustees is to hold funds for the fu¢uTe resurfaclnB of the faclllty estlmated In 10 years tlme. has been sugEested bythe fcotball foundat4om that £25,0(X) peryearneedsto be alkxated into O 5inkirigfvnd. Thetrustee53Ereed that £16.0ts) will beallocatedtothe Sinkingfundthisyear. FufuRE PLANS The charity intends to continue work wlth the fv)cal community providin8 footballiTh8 facllkles to local clubsj Broups and IndIdUal$ through rent of the 3G pltch. STRUCTUR[60VERVIA14CEAND MAI4AGEMENT GovemlnKdoLwment The eharity 15 contrdkd by its governlng documen¢ a deed of trust. and tonstityt¢5 a Ilmited companyi limited by Auarantee. as defined bythe CompaniesAa 2tyA. RtcrLMtmÈrrtand appolnbnent of new1nte¢S Trustees are chosen if they reflectthe ethosof the sport5tru5t and are involved in local sport Snthe Bèrwell communty. Indurtion tAlnlTraof nowtwstee5 There are no fornial pc4icies or procedures In pjèce resppct to the inductior and training of truAees. which is vndertaken as and when cc)sidered nefIcIal to the Chority. However, upon appointmeni all truste are madÈ aware of thelr respon5ibilltyes and are refÈrred tothe appropriate chirity commisslon guidance fottru5tee5. Rlsk mana8ement The trnstee5 perceive the onty significant rf5k to the tharity 15 rf demand for and booknngs of the pitch were to fal. However, there are the agreements noted In thi5 report With Barwell Fi>otball aub and Leiwter Cjiy in the Commuthrty whh mitigate thls. and followln8 Euro 2024takin8place p05tyear£nd, the pltch has been fully booked. The Trtee5 hove rewewed the major Klsks to whkh the Charty is exposed and systems have been estabphed to mitiwe ihose risks. REFERENCE ANDADMINISTRATIVE TAILs glstered Company number 13264923 (England and Wales) Re8lsirÈd ¢tIfynmI)•r 119551YJ Barwell Sports C*JbThe Crkkei Field Klrkby Road BaTwell Leicester LE9 8FQ Tru5tee5 DJ LalnE Managin8 Dlrettor S W Mathie51m Mana8in8 txreclor T Dwright Operations Mana8er R W Guest Despatth Co-Ordlnat•r C PTrèpps Director/Fe and SecLKity Engineer lappoSnted 6.8.231 ldepdentEaMkner Niall Kiwley IFCAI Duncon &Toplis Limited 3 Princescourt RoyBI Wav LoughborouEh Leice51er5hlre LEII 5XR Page2
Il*VEILSPORT5TRUST REPORT OF THE TRUSfEES FOR THE YEAR ENDED 31 MARCH 2024 Approved byorderof the board oftrustees on......... signed on its behalf bv.. DJ Lalng Tr Pa8e 3
INtEPENDENTEXAMINER'S REPORTTO THETRUSTÉE50F RWELLSPORTSTRUST IndÈpendentexamlthet'5 report tothetru5tq•5 of Oarwell SportsTrustllh¢ COMnY.) I report tothE thwitytru5teeson my examination ofthe accounts cfthe Cornpany fortheyearended 31 March2024. Responsibilities and basis of repNt A5 the charitys trustees of the Company land also Its directors for the purpose5 of £Dmpany lawl you are respDnslble for the preParatn olthe accounts in acCordare wrth the requiremÈntsof the compansA£t 20061'the I( Art'l. Having satisfied myself that tho acwuTrts of the Company are not qUired to be audited under Part 16 of thè 2006 Act and are ellElble for independent examination, I report in respett of my examinatlon ol your tharty's acceuntS as carried out under Sechon 145 of the Charlties Art 20111.the 2011 Att'l. In c8rrying Dut my examination I have followed th¢ Directi005 8Nen by the Charity Cornmlss(on und¢rSectlon 14y51 Iblof the 2011 Act. IrthpeTrdent exanlnerfs statemert I have completed m¥ exarninatioTh. I confirm that no matters have torne to my attention in connection with the examln*lon 8lving me causeto believe.. eountinu recordswere not kept in respets of the Company¥s required bysettitrn 386 of the 2Q06 ACL. or 3ccountsdo thot accord wr(hthose records." or the a¢nts do not comply wfth the accounting requirements of Section 3% 01 the 2006 Att other than any r¢4ui¥ewent thatthe accountS8we a true and fairviewwhich is not a matterconsidered as part of an independentÈxamination- or the accounts hève not been prepared tn accordance with the method5 Ind prlnciples of the Ststement of Recommended Practice ft)r accouThtlng and reporting by charlles (applicable to tharities prepawin8 their accounts In accordance with the Flnancial Reportln8Standard appllcable In the UKand Republkof Ireland IFRS 10211. I have no contems and have wme atr055 no other matters in connertion wfth the examinatiDn to whh attentlon should be drawn in this report In order to enable a proper understandin8 ofthe ac£oLtnts to be reached. Niall Kings IFCAI Duncan & Toplls Llmited 3 princ Court Royalwav Lou8hborouEh Le1cterShire LEII 5XR Date......... A7....1.1.:.2.£ Pa8e 4
STATEMENTOF FIPW4UALAcnviTIE5 IINCORPORATINGAN W4COMEANC+EXPENDITUREACCOVNn FOR THEYEAR ENDED31 MARCH 2024 2024 Totil funds 2023 Total fund5 Vt)restTithd fvnd RÈ5trirted fund5 Deslgnated Ntste5 INCOMEAND ENDOWMENT5 FROM Donètion5 and legades 499 14,755 15,254 tharitable atthi¢ie5 Lettin8of 3G Pltch 52.917 52.917 43.680 Totsl 53.416 14,755 68,171 47A44 EXPENDfTURE ON Challtable artItIeS RunDinÉ Cost5 of 3G Pitch Dppreclation of Pftchand Facillties 24,822 18A16 491 51.611 25,313 70,027 17.97S 69.524 Totsl 43,238 52.102 9S.340 87,499 NETINCOMEIIEXPENDrruREI TraI[el$ between ndS 10.178 14.8621 137,3471 111,1381 127.1691 140.0551 16.C frlet movemefftt In lunds 5,316 ioojo 148.4851 127.1691 140.0551 RECONCIUATI(*J OF FiJt4DS Total fLh)ds broughtforward 20.205 16.(K 436.835 473.040 513,095 roTAL FUNDS CARRIED FORWARD 25,521 32,0 388,350 445.871 473,040 The notes form par( of thesefinaJ)cial ststements PèBe 5
BARWELL5PORTSTIIUST STATEMÉNT OF FINANCIALPOSMON 31 IMRCH 2024 2024 Total funds 2023 Total funds Unrestrirted fvnd Restrkted funds DeswTr8ted Notes FIXELIA55ET5 Tanglble assets 13 115.759 417.382 533.141 595,580 CURRENT ASS5 Debt)rs Cash at bank 14 6,9 187 61 909 6.130 33,096 3.320 29,397 32.(K)O 6.256 970 39.226 32.717 CREDITOR5 Amounts falllngduewlthln one year 15 116,5371 130.(MxII 146.5371 151,2981 14eTCURRENT ASSETS 110.2811 32.0 129,0301 17.3111 118.5811 TOTALAssÉf5 LES5 CURREP LL4BILmE5 105A78 32,OC 388.352 S2530 576,999 CREDITORS AJ))ounts fal¥ng due aftet rIre than ore year 16 (79.9591 179,9591 1103,9591 25.519 32,(QO 388,352 445.871 473,040 FUNDS Unrestrfcted funds Re5trictedlunds 19 57.519 388,352 36.205 436,835 TOTAL FUNDS 445,871 473,040 ThÈ tharitsblÈ tompany is Èntitled to exemption from audlt under Settiffi 477 of the Cornp4nies Art 26 for the year ended 31 MJrch 2024. The memrS have n¢t required the cOMnY to obtaln an audit ol rts financial stètements foi the ye4r ended 31 March 2024 ir accordance with Sethon 476 of theCompanlesAtt 20(. The trusteès 2tkntswledÈÈtheir rè4)oThsiblles for ensurin8 that the charitsble company keeps actn1th8 records that ¢omply wkh Sertions 386 387 of ihe Companvés Art 2006 and preparifftg finèndal thtements whith Ewe atrue and fair Mew of the ttate of afhirs tsf the tharltable ¢ompany 8S 8t the end of each flnancial year and of its surplus or deficlt for èach ffinantial year In awrdantt wh the requirernÈnts of So¢ttons 394 ènd 395 and whlth otherwise cornply with the requirerrnts of the Compantes Act 2006 relatin8 to financial statements, sofaras appIlb to ihe charitst4e company. These linanclal staternents have been prèpared In ac¢ordanre with the provisK)n5 applicable to charitable companies subject to the small cotnpanie5 re¥ime. 12.Ilrz¥ The fInCIal statements were approvÈd by the Board of Trustees and authori5ed lor issue on ..... ...... .... were 5igDedon it5 beha by.. and DJLain ruste The notes forni partofthe5e ffnoncial statement5 Page 6
BARWELLSPORT5TrUST OTESTO THÉ FINANCIAL ATEmENTs FOR TNEYEAR ENDED JI MARCH 2024 GENEKALINFORMATION BarwÈll Sport5 Trust Is a Prfvate tharitable Cornpany Lirnit by Guarontee. registered In Engknd and Wale5. The chajltys reglstered number is 1195500 and thÈ Company re¥istratlon number 13264923. The re8lsteTed offio and principal place ol business Is Barwell Sports ClubThe Cricket Fleld. Klrkby Road. Ba11. Leicester, LE9 8F The fftn2nclal statements are presented in #erling whith Is the funrtlonal CUThen of the thadty and rounded to the nearest £. The slgnlficantaxountlng policies applled in the preparation of these finartdal stzternents ère set out below. These polioes have been ¢ons65tently applied to all years presented unIÈssothese stated. Thefinancial staternentscoverthe Individual entity. Theent constitutes a public benefitentity 45 defined by FRS 102. There are no materlal uncertaintieswtth8olnB COnm. ACCOVNMNG POUCIES Baslsof preparfngihefinantlal slements The financial 5t3tefflents of the charitable company, whlth Is a publK benefrt entity under FRS J02. have beÈn prepaod In accordante with the Charftie5 SORP IFRS 1021 'A(counting and Reporting by Charities-. Stztement of Recommended Practice appllc•ble w charities preparing their accounts in aCcOrdaÉ with the Finandal Reparting StaThdard applitable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191,, Financial Reporting stsndard 102 'The Flnancial Reportin8 stsndard applicable in the UK and Republic of Irellind, and the Companie5 Act 20Lb. The financial statements have been Pfepèred underthe historical CDSt convend¢)n. Intome All Income is recogn15ed in the Statement of Fln8nclal AttNitie5 onco the charity has entitlemEtht to the fumds. it is probable that the incDrne will be recÈivÈd andthe amountcaTh be mÈ2sured reliably. Income from grant5. and 8overnTnent 8r£nts. 15 recognised ot falr value when the tharity has entitkmeTrt after anv performance conditlons arÈ met, it is probable th3t the income will bè received and the amount can be measured 113¥. If Èit1emet isngt met thenthese amounts arp deferred. ExpEndlturÈ bile$ are re¢o8nised expÈndlture as soon as there 15 4 k831 or constructNe obli8atlon commltllng the charfty to th•t expenditure. ft Is probable that a trBnsfer of Ètonomic beneffts wi4 be rpqulred In settlement and the amount of the obligatn can be measurèd reliably. Expenditure 15 aCCOUnted for on an accru81s ba515 Ènd has beÈn d3fied uthder headings that aggregate all cost relared to the category. whe costs tènnot be directW abuted to porticular heodin8s they have been 311orated to actnritie5 on è 51stOn5%tent with the use of resources. TanOble fjxed assets Tangible ftmed a55ets costlng rnorp In £500 are £apitalised and included at cost including any in¢identsl expenses on 8cquLsitiorb. Tangible fixed assets are stated at cost less accumulated dÈprec1atD and accumuwed Smpairment losse5. Cost includes Costs dtrethyattributsble to makingthe asset cap4ble ofoper4tiryas iDtended. Depreciaiion 15 provSded on all tsngible rimed assets, at rÈtrs £alculated to wrbte off the cost, 55 eMated residual value, of each a55Pt on a 5YStematic b3sis over r(sexperted useful life as follo". 36 Phch Fixture5 and FlttinEs on tost 4-20% onwst Property, plant and equipment is Stated at cost lor deemed costl or valu*ion accumulated depre£iation and accumutsted impalrment losses. C05t includes costs directly attrlbutable to maknfi8 the 3s8et tapable of operatir8 as Intended. Page 7 contlnued...
BARWELLSPORTS TRIJST NOTESTOTHE FINANCiALSTATEMENTS. romtinued FOR THEYEAR ENDED 31 MARCH 2024 ACCOLINTING POLICIES* continued Tangible fthed asS¢ts At each rÈportinB date, fixed a55ets are rewiewed to deteTmine whethÈr there 15 any indicarion that those assets have suffered an irnpalrment loss. If there 15 indlcatK)n of possible irnpalrwnt, thè recoverzble amount of any affotted asset is estimated wmpared with It5 carryin8 amount, If the estimated recoverdble amount Is lower. the carryirE arnount i4 redutrd to its estlmated recovernbleamount, and an impalrment Ios5 is récognlsed Immedlatdy in the irKomest8temerbt. If In Impalmient loss subsequently reverses. the carryin8 amount of the 455et 15 increasÈd to the Tevised estimate of it5 recovÈrable 3mounL but not in exce55 of the 8mounr that would have been dÈtermSned had no impaim)ent l¢)55 been re£o8nised lorthe asset in prloryezrs. Areversal of an Impalrrnent is recogni5ed immedyately in the incomestatÈment. Taxatlo The tharity is exemptfrom corporation taxon Its charitable activities. Fund atcountlnB Unrestricted fund5 ran be used accordance with thech3ritableobjective5 at the discretion of ihetrusiee& RtrIcted funds can only be used for particular restrlLted purposes withln the Dbiects of the charity. Restrf¢tlon5 arlse when sperifiÈd bythe domr or when fund5 are raised for particutsr restrKted purposes. Fwrthèrexplanation of the nature and purpose of each fvnd ts Included in the notes tothefinancial statemènts. Debtor5 and ¢redltt>rs receivablelpayable within one year Debtor5 and credltors with nu stated inteTest rate and 1vable or payable withln ene year are recLYdÈd a iraDCtion price. Anyltssses arisingfrom om1rMent are recYwi5ed in eeThdre. Crlliral attountin8ludgemerts and estima0 uncertalnty In the appllcation of the charitable compan15 ac(ountlng polkles. maDa8ement is re4ufftd to make ludgernents. e5timètes and assumptions about the carrying value of a55ets and liabilities that are not readity appaTent from other sthjrces. estimètes and undertying assumption5 are based on historkal experience and other factots that are cen5idered to bp relevatht. Actual results may differfrom these estimates. The estimates and undertying assumptiorbs are feviewed on an orbBoing b1$. Revisions to xcountlng eStiateS are recognised In the perH)d In which the èstimate is revised if the revision affecis only that period. or kn the period of the revlslon and future period5 if the revislon affects both currentand future periods. There are no critlcal accountin8 judEement5 or estimation uncertiinty th3L in the of the trustees. will have a matefial èffect on thefinanclal statements. DOMATIONSAND LEGAaES 2024 2023 Donations Grants i.i(K) 14,154 3.764 15.254 3.764 fyants received. Included in the above. aTe 4sfollows= 2024 2023 CharWableArtfvsrie5 14,154 Inclvdedthn grants receNable are thefollowinE amounts.. Fc•xball Foundatlcn- £14.15412023.. ENILI Whkh are8overThmtntgrant5 a5 dtfined bytheSORP. Page 8 continued...
8ARWELL5PORTSThUST NOTESTOTHE FINANCIALSTATEMENTS-wntiny¢d FOR THE YEAR ENDEO 31 W4RCH 2024 INCOME FROM OIARITABLEAcnvmES 2024 2023 Activlty lettlngof 3G pitch 3G pitth Lethng Fees 52,917 43.680 CHARITABLE ACTNMESCOSTS 'rert Costs (see note 61 SLPPOrt costs ls¢e note 71 Totds Runnin8 Costs of 3G Prtch Deprec+ationof Pitch 31 Fatilbtles 21,262 4,051 70.027 25,313 70.027 21.262 74.078 95.340 DIRECTCOSTS OFCHARITA8LEACtMTIES 2024 2023 Re5 and water Light and heat Adverti%n8 Sundwies Rent Repair5 and Renewa15 Household and Cloanln8 250 6P98 240 7.861 loo 20 5,015 1,793 s00 9209 70S 21.262 15,029 SUPPORT COST5 fjovernan cost5 Other Totals ftunnlng Costs of 3G pit¢h Depreciat of Pltth and Fotillties 4,051 4,051 70,027 70.027 70,027 4,051 74,078 INCOMtIIEXPENOIIUREI Net Incomellexpendlturel 15 5toted thrcharEinEllcreditingl'. 2024 2023 Depreciation-owned assets Operatin8 Lease Rentsl Payments 70.029 s.o 69.525 Page 9 continved...
BARWELLSPORTSTRLIST NOTESTOTHE FIWINCIALSTATEMENTS-cortlty¥¢d FOR THEYEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REMUNERATION 202Jl 2023 Independent Examination Fees 4,051 2.946 TRUSTEES. REMUNERATN ANO BENEFITS TheTe were m trustees, rernuneratK)n or oiher beneffts for the year ended 31 Marth 2024 nor for the year ended 31 March 2023. Ttee5, eMpens¢s ThÈrÈ were no trustees, expense5 paKI ft>r the yearended 31 Mirch 2024 norfor the yearended 31 March 2023. ii. STAFF COST5 The average rMnthlynvmber¢f employees duringthe year w35 as follows.. 2024 2023 Trustees No employeE5 recewed ernolumeTrts in excess of £60,0(KJ. COMPARATIVES FOR YHESTATEMENTOF FINANCtALAcrivrriES Unrestricted fund Restricted fund5 Total funds D@51Enated INCOME AND ENDOWMENTS FROM Donations and leBades 3,764 Charlt•bltarti¥rtiP5 Lettin8 tsf 3G Pitch 43.680 43,680 Totsl 44,744 2,700 47,444 EXPENorruRE ON Charltable artlvltles Running Costs of 3G Pitth Depre£iatlun gf Pitch and Fzcilities 16,789 14,122 1,186 55A02 17.975 69,524 Totsl 30,911 56,588 87A99 INCOMEIIEXPENorruREI Yrnnsfets bÈtwen 1$ 13,833 116.OLXII 153.8881 140.0551 16,(Ml N¢tmovemerrt inbjnds 12.1671 16,C 153,8881 140.0551 RECONCILIATION OF FUNDS Total fuhds broughtfon¥zrd 22,372 45),723 513.CB5 TOTAL FUNDSC4RRIED FORWARD 20,205 16.C¥JO 436,835 473,040 Page 10 ¢oniinuèd...
RWELLSPORfsTRiBT NOTEsfoTHE ANANaALSTATEMENTS-¢ontinu FOR THE YEAR ENDED 31 MARCH 2024 13. TANGIBLE FIXED ASSFrs Fixtures and rittings Fieehold property Totals At l Apri12023 Addltk)ns 6703% 61.657 7,590 732.253 7.590 At31 March 2024 670,596 69.247 739.843 DEPREaAnON At l April 2023 Char8e*oTyeir 131.807 67.060 4,866 2,969 136,673 70,029 At 31 March 2024 198,867 7.835 206,702 NEf BOOK VAWE At31 March 2024 471,729 61.412 533.141 At 31 March 2023 538,789 56.791 s,580 14. DEBTOR&' Amoupifs FALLING DUEWITHIN ONEYEAR 2024 2023 Trade debtors Prepayments 5.170 240 3,080 6,130 3.320 15. CRECrfTORS: AMOVMfs FALUNG DUE WITHW ONEYEAR 2024 2023 Other loan515ee note 17 TTrde creditors VAT OthÈr credltor5 Accruats and deferretl income i0,OLX) 1,346 io.(00 646 1.425 5A52 33,775 33,3Q7 46.537 51.2 Pège 11 corbttnuÈd...
¢WEiLSPORTSTRUST NOTESTO THE FINANcL ATEMENTS.(tIM¢d FOR ThE YEAR ENDED 31 MARCH 2024 16. CREDITORS.. AMOUIITS FALLINfj OUEAFTÉR MORETHAN ONE YEAR 202d 2023 Otherloans (seè note 171 79,959 103,959 17. LOANS An analysis ofthe maturity of k)ans is 8iven below.. 2024 2023 AmountsfallinE dtkn. oneyearon dernand.. Other loarjs io,( iO,(KKJ Amounts f311inB between one andtwoars'. Other IoaTr5- Due in morethan l Year 79.959 103.959 The amount Included in the above loan. relate5 to the h)an fmm aearth2rrn Glass Sealed Units LTD a5 detalled furthèr in note 21. LWNG AGREEMENTS Minimum lease payments under nOnnlIab operatin8 leasesfall due as follows.. 2024 2023 Wr(hin one year BetweeTr one and fNeyear5 In more than five year5 5,IX)O 20.1 92,917 20.Q(XI 87.917 112.917 117.917 MOVEMENT IN FUNDS Net movÈmÈnt in funds Transfers between funds Al 31.3.24 At 1.4.23 Unre5tricltd lunds General fund Sinknn8 Fund fer prtch rebuild 20,205 16,C 10,1?6 14.8621 25.519 32,000 36,205 10.176 11.138 57,519 ReIKtedfulld5 Football Foundation Football Stadia Imwovement FuThd Goal Wheels Fund VEO Camera Fund Defibrillator Fund crv Fun 392.066 43,255 180 1,334 138,7601 11,4131 110.1511 19871 343,155 40.855 180 787 15471 2,895 2.895 436.835 137.3451 111,1381 388352 TOTAL FUNDS 473.040 127,1691 445B71 Page 12 continued...
BARWELLSPORT5 TRUST IIOTESTOTHE FINANCIALSTATEMENTS. cont1rnd FOR ThE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- eontohued Net movent in fund5, In¢luded in thé èbove areasfollows: Incomin8 resources Rewurces expended Movement In fuDd5 Unrestrlctedfvnd$ G¢neral fuThd 53,416 143.2401 10,176 Restrietedfund5 Football Foundation Football 5tsdia Improvtft*nt Fund VEO Camtr2 Fund Defibri113tor Fund V Fund 10,152 148,9121 12.4001 15471 138,7601 11.4131 15471 3,016 2.895 14.755 152,IlJOI 137.3451 TOTAL FUNDS 68,171 195.340 127,1691 Compl10moverne1 in fvnd$ Net movement in funds Transfer5 between funds At 31.3.23 At 1.4.22 Generol fund Slnklng Fund lor pitch rebuild 21372 13,833 116,0001 16,000 20,205 16,LN)O 213n I333 36,205 Restrirted lund$ Football Foundation Football Stsdia Impr¢)vemeN Fund Goal Wheels Fun VEO Carnera Fund 445,068 45,655 153,0021 12,4(01 392.t66 43,255 180 1.334 1,334 49).723 153.8881 436,835 TOTAL FUNDS 513,095 140,0551 473,040 Comparative net rrovement In fvnds, included in theab)veareasfollows'. Resourtes eNpended Movemerbt In funds fe50urces LlnreStrlrtedfvkS General fund 44,744 130,9111 13.833 Restrirted fvtyds Fwtb211 Foundation FootbHII Stadi? Improvement Fund Goal Wheeb Fund VEO Camera Fund 153.cKI21 12.4001 18201 13661 153,(M)21 114001 1.7rKI 1.334 1700 156,5881 153,8881 TOTAL FLINDS 47.444 187,4991 140,0551 Pa8e 13 £onttnued...
BARWELLSPORTSTRU NOTESTOTHE FINANaAL STATEMÉNTS•cllntinued FOR TrIEYEAR ENDEO 31 MARCH 2024 MOVEME IN FUNDS-conNed Football Foundatlon Is for the Income and eypenthrure ielatsd to bulhlln8 and runninE the 3G pitch. Football Stsdi2 Improvement Fvnd igforthe expendhure on Improvlngthe fixture5 and fittings surroundiThgthe36 pitch. Goal Wheels Fund 15 forthe income and expenditure reL8tlngto the wrthase of goal whee15for the g¢als on the 3g prtth. VEQ CameT3 Fund created te fundthe purchase of theVEOtamera usedto records Earne5 and trainin$ swktns. Thesinking Fund Isfor the replacement of tht pitch ifi IOyears16me from the date the 1th was completed. The Dèfibrillator Fund relates lo m5 raised in memory of a Barwell FC member towèrd5 the ¢ost of a deffbri113tor for the fdotball pitches. The ccrv Fund relates to a fvrther grant from The Football Fthjndatkjt) towards the knstallation of Cctv at the footbtyll pitches. Transfers between funds DurSn8 the year £11.138 was trat)sferred from two restricted funds to the Eeneral fvnd. On 31st March 2023. the charity paid 8 retenrion toward5 the cost of the 3G pi(th. cost wès paid trom the general fund. In Aprll 20231 8rant funding was reIVed from The Football Foundation attd Football stadia Improverrspnt Fund to cover thi5 C05t and therefore the monle5 spent from the general fund in re5pectof this retention hève beentrawferred bac RELqTEO PARTY DISCL05URES In 2022. a loan of £109,959 was rnade to the charity by C¢eartherm fjla55 Sealed Llnlts Limited of whom a trustee 15 also dirertor. In 2023, a furtherÉ14,IX)Owds advanced. th £IO,OCQ bein8 repaid. In 2024. a further £24.IllOw8s repald kavlng a totsl balte on the loan at the yearend of £B9,959. There is no formal agreement In place in re5pert of this loan and there are no formal rewyment terms. No Intpr¢st has been charged on this loon.This ban not on a commercial bas15. furtherniore, the chèrtty entered into a lease aBreemÈnt wfth Baswell Sport5 and Crlcket Club Company knmited on 6th Movember 2021. Thi5 lease isfor • perbd of 25 years in re5pert of the land on whlch the 3G pitch 15 5itua*ed with an a8reÈd minimum rent of £S,000 per year Subject to reviews throuEhout the period. In the current yeor £S,00012023.. £5,WOI was paid by thadty to Barwell Sport5 3r0 Cricket aub Company timf(ed in re5pert of thls agreement. The subsequent lease commitment5in re5pe¢ti)f this are as slb)wn on note 19 olthe5e 4cwunt DurinE the year, the tharhy received £50012023.. £30)) In donations. and £Nil12023..£1001 in sponsorshlp inwme. from Barwell Cricket aub towards the electrICCOsts01 thech4Tity25they Ltse the facllitles duringthe winter. Fvrthèrmore. during the year the charity recÈnied a ¢ontributbn of £25012023.. £MIII towards rates and waler from 8arwell Sports and Cricketuub Company. 21. LIMITED BYGUNjIAPE The tharltable Company is a priwdte Iwnited £ompany Wmited by guar8fbtee and consequentty does not have Share copit31. Eath member is liable to Contribute an amount not exceeding £1 towards the assets of the company in the event of liquidatlon. Page 14
BARWELLSPORTSTRUST DEfAILEDATEMENT0F FINANcAcVITIES FOR THE YEAR ENDED 31 RCH 2024 2024 2023 INCOMEAND EIIOOWMENTS Donatlonsand legacles Donation5 Grants 1,100 14.154 3.764 15.254 3,764 Chwftabl•artl¥lUes 3G prtrh Letting Fees 52,917 43.630 Tolal JbKomln8resourtss 68.171 47A44 EXPENDrruRe Charltsble attl¥ltles Rates and woter Ilghtand heat AiJverh5in8 Sundries Rent Repairs and Aenewals Household and Cleaning 250 6.098 240 7,861 ICM) 5.015 L793 9,209 705 21,262 15,029 Swpport casts Oth•r Depreclation of 3G pch and tscillties Depreciatlon of fixtures &ffftln8S 67.059 69,458 66 70,027 69,524 Governanrefosts Indepèndent Exaffliners. reMUnet10n 451 Totsl resovrce5 expended 95,340 87,499 Nei expendlture 127,1691 140,0551 This page does notform part ofthè StstutoryfirrIalsraterrnts Page 15