Charity registration number 1199417
Company registration number 09349773 (England and Wales)
THE OLD SPOTTED DOG GROUND TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
THE OLD SPOTTED DOG GROUND TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | A Mayor | |
|---|---|---|
| H Gregory | (Resigned 16 February 2024) | |
| I Foster | ||
| J Cassidy | ||
| J Kuosa | ||
| K Blowe | ||
| K Stien | (Appointed 8 August 2024) | |
| L B Miller | ||
| M F Soames | ||
| R Lawley | ||
| S Johal | ||
| S Ord | ||
| S Tizard | ||
| Charity number | 1199417 | |
| Company number | 09349773 | |
| Registered office | The Old Spotted Dog Ground | |
| Rear Of 212 Upton Lane | ||
| Forest Gate | ||
| London | ||
| E7 9NP | ||
| Independent examiner | BK Plus Limited | |
| Oakingham House | ||
| Frederick Place | ||
| High Wycombe | ||
| Buckinghamshire | ||
| HP11 1JU |
THE OLD SPOTTED DOG GROUND TRUST LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 - 13 |
THE OLD SPOTTED DOG GROUND TRUST LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their annual report and financial statements for the year ended 30 June 2024. These financial statements are the first that the entity has prepared as a charitable company.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "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
The charity’s objects are to provide sports facilities for recreation and leisure to the inhabitants of London Borough of Newham and its surrounding areas. We currently spend our money to improve and maintain the Old Spotted Dog Ground, its clubhouse and warehouse in order meet this objective.
Achievements and performance
The Trust is run by a Board of Trustees. The day to day work of the charity is devolved to Grounds, Clubhouse and Bar Committees, which are made up on Trustees and volunteers. although the Board retains overall and final decision-making powers. The charity has policies covering conflict of interest, equal opportunities, safeguarding and directors’ code of conduct. We also have a memorandum of understanding with Clapton Community Football Club, the owner of these properties, that sets out the different areas of responsibilities, the obligations the Trust has to the Club and both organisations’ wider duty to provide benefits to the local community in Newham.
During 2023-24, we have worked hard to consolidate the most important asset for a football venue: our pitch. In December 2023, our Grounds Committee was recognised for their efforts when they won the Grounds Management Association Award for best volunteer grounds team at an awards dinner at Headingley Stadium in Leeds. Over the course of the last year, they have ensured that there was no cancellation of any Clapton Community FC men’s or women’s first team matches for the entire season.
Financial review
Over the course of the year, we have also focused on the development of our primary source of reliable income, our licensed bar. In September 2023, we launched our own beer, Old Scaffold Daze, in collaboration with a local Forest Gate brewery, the Pretty Decent Beer Company. The bar is currently operated by paid casual staff but as demand for opening increases, the Trust is exploring the prospect of recruiting and employing our first member of staff, a Bar Manager, in the coming financial year.
As well as providing facilities for Clapton Community FC’s first teams and weekly Youth Training sessions, the Trust has also made the clubhouse available for local community groups, meetings, film screenings, bands and children’s parties.
As the financial year ended, works by the London Borough of Newham were about to begin to transform the alley behind the ground between Disraeli Road and Upton Lane (which is part of the freehold) into a shared cycle path. This project has been under negotiation for some time and we are delighted that it is now almost underway. The Trust has also submitted a detailed planning application for the construction of a new toilet block in the ground, along with a funding application to the Football Foundation to cover 70% of the costs. If both are successful, the Trust plans to start construction in early 2025.
Reserves policy
It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
Structure, governance and management
The Trust is run by a Board of Trustees. The day to day work of the charity is devolved to Grounds, Clubhouse and Bar Committees, which are made up on Trustees and volunteers, although the Board retains overall and final decision-making powers. The charity has carried over existing policies covering conflict of interest, equal opportunities, safeguarding and directors’ code of conduct from its previous governance structure.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
A Mayor H Gregory (Resigned 16 February 2024) I Foster J Cassidy J Kuosa K Blowe K Stien (Appointed 8 August 2024) L B Miller M F Soames R Lawley S Johal S Ord S Tizard
The Trustees Report was approved by the Board of Trustees.
.............................. K Blowe Trustee Date: ............................................. 10 February 2025
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE OLD SPOTTED DOG GROUND TRUST LIMITED
I report to the trustees on my examination of the financial statements of The Old Spotted Dog Ground Trust Limited (the charitable company) for the year ended 30 June 2024.
Responsibilities and basis of report
As the trustees of the charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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I have completed my examination. I confirm that no matters have come to my attention in connection with the
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examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charitable company as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Gary A Heywood (Senior Statutory Auditor) BK Plus Limited
Statutory Auditor
Oakingham House Frederick Place High Wycombe Buckinghamshire HP11 1JU
10/02/2025 Dated: .........................
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
| Unrestricted | Unrestricted | Unrestricted | ||
|---|---|---|---|---|
| funds | funds | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Income and endowments from: | ||||
| Donations and legacies | 3 | 48,417 | 35,281 | |
| Charitable activities | 4 | 117,999 | 66,794 | |
| Other income | 5 | 63,240 | - | |
| Total income | 229,656 | 102,075 | ||
| Expenditure on: | ||||
| Raising funds | 6 | 47,747 | 23,716 | |
| Charitable activities | 7 | 113,032 | 92,972 | |
| Total expenditure | 160,779 | 116,688 | ||
| Net income/(expenditure) and movement in funds | 68,877 | (14,613) | ||
| Reconciliation of funds: | ||||
| Fund balances as at 1 July 2023 | (29,875) | (15,262) | ||
| Fund balances at 30 June 2024 | 39,002 | (29,875) |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets/(liabilities) Total assets less current liabilities The funds of the charitable company Unrestricted funds 14 |
2024 £ 378 32,939 33,317 (3,567) |
2023 £ £ £ 9,252 5,195 17,822 11,653 29,475 (64,545) 29,750 (35,070) 39,002 (29,875) 39,002 (29,875) 39,002 (29,875) |
|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024, although an independent examination has ben carried out under section 145 of the Charities Act 2011.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on ......................... 10 February 2025
.............................. K Blowe
Trustee
Company registration number 09349773 (England and Wales)
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
| Notes Cash flows from operating activities Cash generated from/(absorbed by) operations 17 Investing activities Purchase of tangible fixed assets Net cash used in investing activities Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ (9,319) |
£ 30,605 (9,319) - 21,286 11,653 32,939 |
2023 £ £ (51,978) (577) (577) - (52,555) 64,208 11,653 |
|---|---|---|---|
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
Charity information
The Old Spotted Dog Ground Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Old Spotted Dog Ground, Rear Of 212 Upton Lane, Forest Gate, London, E7 9NP.
1.1 Accounting convention
The accounts have been prepared in accordance with the charitable company's Articles of Association, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Rental income is in relation to a phone mast, where substantially all of the benefits and risks of ownership remain with the charitable company.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% on a straight line basis Fixtures and fittings 25% on a straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 48,417 | 35,281 |
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Sale of goods | 108,072 | 56,802 |
| Other income | 135 | 1,405 |
| Charitable rental income | 9,792 | 8,587 |
| 117,999 | 66,794 |
5 Other income
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Balance with parent company written - off | 63,240 | - |
6 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Commercial operation costs | 47,747 | 23,716 |
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
7 Expenditure on charitable activities
| Direct costs Staff costs Depreciation and impairment Training costs Rates Cleaning Property repairs and maintenance Accountancy Bank Charges Telecommunications Sundry expenses Analysis by fund Unrestricted funds 8 Net movement in funds The net movement in funds is stated after charging: Depreciation of owned tangible fixed assets |
2024 £ 15,080 5,262 202 2,400 4,888 67,119 1,738 108 38 16,197 113,032 113,032 2024 £ 5,262 |
2023 £ - 3,763 816 2,258 2,643 79,243 1,579 72 111 2,487 |
|---|---|---|
| 92,972 | ||
| 92,972 | ||
| 2023 £ 3,763 |
9 Employees
The charitable company had one employee (2023: Nil) in the year.
| Employment costs Wages and salaries Social security costs |
2024 £ 14,947 133 15,080 |
2023 £ - - |
|---|---|---|
| - |
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
| 11 Tangible fixed assets Plant and equipment Fixtures and fittings £ £ Cost At 01 July 2023 7,600 1,358 Additions 9,199 120 At 30 June 2024 16,799 1,478 Depreciation and impairment At 01 July 2023 3,232 531 Depreciation charged in the year 4,694 568 At 30 June 2024 7,926 1,099 Carrying amount At 30 June 2024 8,873 379 At 30 June 2023 4,368 827 12 Debtors 2024 Amounts falling due within one year: £ Trade debtors - Other debtors 378 378 13 Creditors: amounts falling due within one year 2024 £ Other taxation and social security 174 Trade creditors 1,106 Amount owed to parent undertaking - Other creditors 1,037 Accruals 1,250 3,567 |
Total £ 8,958 9,319 |
|---|---|
| 18,277 | |
| 3,763 5,262 |
|
| 9,025 | |
| 9,252 | |
| 5,195 | |
| 2023 £ 10,305 7,517 |
|
| 17,822 | |
| 2023 £ - 54 63,240 - 1,251 |
|
| 64,545 |
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THE OLD SPOTTED DOG GROUND TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
| At 1 July 2023 Incoming resources Resources expended At £ £ £ General funds (29,875) 229,656 (160,779) Previous year: Transfer in on conversion to charitable company Incoming resources Resources expended At £ £ £ General funds (15,262) 102,075 (116,688) |
30 June 2024 £ 39,002 30 June 2023 £ (29,875) |
|---|---|
15 Related party transactions
There were no disclosable related party transactions during the year.
16 Net liabilities transferred on conversion to charitable company
In the prior year, the net liabilities from The Old Spotted Dog Ground Trust Limited were transferred to this, charitable company. The net liabilities transferred can be summarised as follows:
| Tangible fixed assets - £8,381 Bank - £64,208 Creditors - £(87,851) Net Liabilities - £(15,262) 17 Cash generated from operations Surplus/(deficit) for the year Adjustments for: Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase) in funds following transfer in on conversion to charitable company Decrease/(increase) in debtors (Decrease)/increase in creditors Cash generated from/(absorbed by) operations |
2023 £ (14,613) 3,763 (87,851) (17,822) 64,545 (51,978) |
|
|---|---|---|
| 2024 £ 68,877 5,262 - 17,444 (60,978) 30,605 |
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