COMPANY REGISTRATION NUMBER: 14090889 CHARITY REGISTRATION NUMBER: 1197164
Carlisle Hockey Club Company Limited by Guarantee Unaudited Financial Statements 30 April 2023
GORDON CONSULTANCY LIMITED
Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Carlisle Hockey Club
Company Limited by Guarantee
Financial Statements
Period from 6 May 2022 to 30 April 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Statement of financial activities (including income and | |
| expenditure account) | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
Carlisle Hockey Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Period from 6 May 2022 to 30 April 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 30 April 2023.
Reference and administrative details
Registered charity name Carlisle Hockey Club Charity registration number 1197164 Company registration number 14090889 Principal office and registered Briar Lea House office Brampton Road Longtown Carlisle Cumbria CA6 5TN UK The trustees Mr R Gordon (Appointed 6 May 2022) Mrs K Illidge (Appointed 6 May 2022) Mr G Tupper (Appointed 6 May 2022) Mrs J Wright (Appointed 6 May 2022) Company secretary Mr R Gordon Accountants Gordon Consultancy Limited Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Structure, governance and management
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Objectives and activities
The promotion of community participation in healthy recreation for the pubic benefit in Carlisle and the surrounding area through the provision of facilities to enable the participation in the sport of amateur hockey.
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Carlisle Hockey Club
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 6 May 2022 to 30 April 2023
Achievements and performance
During the year the club achieved the ClubMark certification, worked towards being a Talent Centre and ran a number of courses for members, including working with England Hockey to develop coaches.
Two of the teams won their respective leagues.
Financial review
In its first period of being an incorporated charity, the club showed a small surplus.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 9 May 2023 and signed on behalf of the board of trustees by:
Mr R Gordon Trustee
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Carlisle Hockey Club
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Period from 6 May 2022 to 30 April 2023
| Period from | 6 May | 22 to | ||
|---|---|---|---|---|
| 30 Apr 23 | ||||
| Unrestricted | ||||
| funds | Total funds | |||
| Note | £ | £ | ||
| Income and endowments | ||||
| Donations and legacies | 3,546 | 3,546 | ||
| Other trading activities | 25,871 | 25,871 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total income | 29,417 | 29,417 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Expenditure | ||||
| Expenditure on charitable activities | 28,673 | 28,673 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total expenditure | 28,673 | 28,673 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net income and net movement in funds | 744 | 744 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Reconciliation of funds | ||||
| Total funds brought forward | – | – | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total funds carried forward | 744 | 744 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 5 to 8 form part of these financial statements.
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Carlisle Hockey Club
Company Limited by Guarantee
Statement of Financial Position
30 April 2023
| 30 Apr 23 | ||
|---|---|---|
| Note | £ | |
| Current assets | ||
| Cash at bank and in hand | 7,013 | |
| Creditors: amounts falling due within one year | 5 | 300 |
| ৄৄৄৄৄৄৄ | ||
| Net current assets | 6,713 | |
| ৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 6,713 | |
| ৄৄৄৄৄৄৄ | ||
| Net assets | 6,713 | |
| ৶৶৶৶৶৶৶ | ||
| Funds of the charity | ||
| Unrestricted funds | 6,713 | |
| ৄৄৄৄৄৄৄ | ||
| Total charity funds | 6 | 6,713 |
| ৶৶৶৶৶৶৶ |
For the period ending 30 April 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 9 May 23, and are signed on behalf of the board by:
Mr R Gordon Trustee
The notes on pages 5 to 8 form part of these financial statements.
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Carlisle Hockey Club
Company Limited by Guarantee
Notes to the Financial Statements
Period from 6 May 2022 to 30 April 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Briar Lea House, Brampton Road, Longtown, Carlisle, Cumbria, CA6 5TN, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Carlisle Hockey Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 6 May 2022 to 30 April 2023
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Carlisle Hockey Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 6 May 2022 to 30 April 2023
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
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Carlisle Hockey Club
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 6 May 2022 to 30 April 2023
3. Accounting policies (continued)
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee and does not have a share capital.
The liability of the members in the event of the company being liquidated is limited to £1 per member.
5. Creditors: amounts falling due within one year
| 30 | Apr 23 | |
|---|---|---|
| £ | ||
| Accruals and deferred income | 300 | |
| ৶৶৶৶ |
6. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 6 May 2022 | Income | Expenditure | Transfers | 30 April 2023 | ||
| £ | £ | £ | £ | £ | ||
| General funds | – | 29,417 | (28,673) | 5,969 | 6,713 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Analysis of net assets between funds | ||||||
| Unrestricted | Total Funds | |||||
| Funds | 2023 | |||||
| £ | £ | |||||
| Current assets | 7,013 | 7,013 | ||||
| Creditors less than 1 year | (300) | (300) | ||||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||||
| Net assets | 6,713 | 6,713 | ||||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
7. Analysis of net assets between funds
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