THE VETERANS CLUB OF BEXLEY
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Registered Charity Number 230670
----- Start of picture text -----
Sargeant Partnership LLP
----- End of picture text -----
----- Start of picture text -----
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG
----- End of picture text -----
THE VETERANS CLUB OF BEXLEY
CHARITY DETAILS YEAR ENDED 30 SEPTEMBER 2023
Charity Registration Number: 230670
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Principal|Office:|23|Danson|Park|Road|
|Bexleyheath|
|Kent|
|DAG6|8HA|
|Independent|Examiner:|Sargeant Partnership Partnership|
----- End of picture text -----
Independent Examiner: Sargeant Partnership Partnership LLP Chartered Accountants 5 White Oak Square London Road Swanley Kent BR8 7AG Bankers: Lloyds TSB Pic 25 Gresham Street London EC2V7HN Barclays Bank Plc 54 Lombard Street London EC3P 3AH
Solicitors:
Chancellors Lea Brewer LLP 246 Broadway Bexleyheath Kent DAG 8BB
1
THE VETERANS CLUB OF BEXLEY
TRUSTEES ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2023
.
The Trustees are pleased to present the Statement of Account for the year ended 30 September 2023.
The trustees present their report with the financial statements for the charity for the year ended 30 September 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 (FRS102) effective 1 January 2015.
The Charity is an unincorporated association, governed by a Trust Deed dated 17 July 1944.
Object and Activities
The object of the Charity is to support men and women who are retired and over the age of 55 and are resident or have resided in the Boroughof Bexley and surrounding area.
This is achieved through four main areas of responsibility:
(i) Trustees of the Charity
{ii) Management Committee of the Veterans Club of Bexley (iii) The House (or Social Club) Committee of the Veterans {iv) The Bowls Section of the Veterans Club of Bexley
The Charity is operated by member volunteers and there are no employees
A list of Trustees and Officers of the Club is available on request.
Financial Review
;
The most significant event this year was that finally a basis of settlement was reached regarding the claim for damage to the tarmac and drains at the rear of the club caused by tree roots. The settlement was not all we hoped for as the insurers for the school on whose land the trees stand denied responsibility for damage to the drains on the basis of some obscure legal precedent. We now have to provide a quote for the tarmac repairs which will be covered by the school’s insurance. Intervention by the club itself fed to a quote for removing the offending trees at barely 25% of the quotes the school had obtained and following a meeting with the school’s head teacher the trees came down within three weeks meaning that no further damage should ever arise. Now that the basis of a settlement has been reached- though the final payment has still to be decided- the club has decided to commence the long delayed building improvements and these will start in January 2024 with the provision of the first disabled access toilet area.
Our thanks go to all the volunteers that help keep the club open and running effectively
----- Start of picture text -----
’ )
----- End of picture text -----
----- Start of picture text -----
DJ Brenchley-King . _-DR Carr
----- End of picture text -----
VETERANS CLUB OF BEXLEY
BALANCE SHEET
As at 30 September 2023
| Trustees and | Bowls | Combined | Combined | ||||
|---|---|---|---|---|---|---|---|
| Management | 2022 | Account | 2022 | 2022 | |||
| Account | |||||||
| FixedAssets | |||||||
| Land and Buildings | 330,000 | 330,000 | 0 | 0 | 330,000 | 330,000 | |
| Fixtures and Fittings | Note 1 | 15,659 | 16,092 | 0 | 0 | 15,659 | 16,092 |
| Property Improvements | 2,234 | 2,234 | 0 | 0 | 2,234 | 2,234 | |
| 347,893 | 348,326 | Dy] | 0 | 347,893 | 348,326 | ||
| CurrentAssets | |||||||
| BankAccounts | |||||||
| General | 49,434 | 44,099 | 1,978 | 2,707 | 51,412 | 46,806 | |
| DepositAccounts | 115,544 | 61,309 | 61,309 | ||||
| Cash in hand | 1,215 | 555 | 15 | 1,230 | 555 | ||
| Debtors /Prepayments | 1,202 | 1,215 | 200 | 1,402 | 1,215 | ||
| Creditors | |||||||
| Creditors /Accruais | |||||||
| General | Note 2 | -1385 | -1536 | “1,385 | -1,536 | ||
| 166,010 | 105,642 | 2,193 | 2,707 | 168,203 | 108,349 | ||
| Total netAssets | 513,903 | 453,968 | 2,193 | 2,707 | 516,096 | 456,675 | |
| Represented by:- | |||||||
| Permanent Endowment Fund |
330,000 | 330,000 | 330,000 | 330,000 | |||
| Unrestricted Funds | |||||||
| Balance as at 1.10.23 | 123,968 | 117,948 | 2,707 | 2,871 | 126,675 | 420,819 | |
| Surplus/ (Deficitfor | |||||||
| the year) | 59,935 | 6020 | -514 | -164 | 59,421 | 5,856 | |
| Bowls Funds Transferred | |||||||
| Reserve forBowls Section | |||||||
| Special Works | |||||||
| Investment Income | |||||||
| Total | 183,903 | 123,968 | 2,193 | 2,707 | 186,096 | 126,675 | |
| Balance at30.09.23 | 513,903 | 453,968 | 2,193 | 2,707 | __516,096 | 456,675 | |
| 3 |
VETERANS CLUB OF BEXLEY
STATEMENT OF FINANCIAL ACTIVITIES
As at 30 September 2023
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|General|Bowls|Combined|Combined|
|Account|2022|Account|2022|2023|2022|
|Income|
|Snooker|y|12562|10544|12,562|10544|
|Refreshments|y|2007|2151|2,007|2151|
|Table Tennis|y|5719|3764|5,719|3764|
|Bowls|631|560|631|560|
|Subscriptions/Fees|y|5205|4965|206|1460|5,411|6425|
|Tips|/ Cues|boxes|/|Merchandise|0|0|
|Videos|/|DVDs|33|33|0|
|Donations|y|1741|7251|1,741|7251|
|Legacy|54359|54,359|0|
|Insurance|Claim|y|1521|1,521|0|
|Grants|y|4000|0|4000|
|Coastal|Games|0|0|
|Sales|items|0|0|
|Raffles|0|0|
|Bonus|Ball|profits|0|0|
|Interest Received|y|552|45|552|45|
|Telephone|0|0|
|84330|33280|206|1460|84,536|34740|
|Expenditure|
|Cleaning|6214|5696|6,214|5696|
|Cleaning|Materials|29|63|29|63|
|Kitchen|Supplies/ Refreshments|769|618|25|794|618|
|Table|Maintenance|1040|4733|1,040|4733|
|Postage|/ stationery|85|61|39|25|124|86|
|Building|Routine|Maintenance|3628|2172|3,628|2172|
|Building|Refurbishment|0|0|
|Rates|668|840|668|840|
|Water Rates|384|384|384|384|
|Gas|3934|4109|3,934|4109|
|Electric|2351|2177|2,351|2177|
|Telephone|909|1396|909|1396|
|Insurance|2186|2978|2,186|2978|
|Bows|Consortium|Fees|468|1599|468|1599|
|Kent County|Bowls Assoc|Fees|0|0|
|Prizes|/ Sale|Items|0|0|
|Tips|and|Donations|100|100|0|
|Trophies &|Prizes|153|17|188|341|17|
|Minor|Equipment|0|0|
|Accountancy|1140|1140|1,140|1140|
|Coastal|Games|0|0|
|Sundry|42|2|42|2|
|Depreciation|Note 4|763|874|763|874|
|Balance|at 30.09.23|24,395|27,260|720|1,624|25,115|28,884|
|PROFIT|/ LOSS|(-)|59,935|6,020|-514|-164|59,421|5,856|
----- End of picture text -----
4
VETERANS CLUB OF BEXLEY
STATEMENT OF FINANCIAL ACTIVITIES
As at 30 September 2023
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|General|Bowls|Combined|Combined|
|Account|2022|Account|2022|2023|2022|
|Profit/ (Loss)|59935|6020|-514|-164|59421|5856|
|Investment|Interest|
|Total|Profit|/|
|(Deficit) for the year|59935|6020|-514|-164|59421|5856|
----- End of picture text -----
5
THE VETERANS CLUB OF BEXLEY
NOTES TO THE ACCOUNTS
As at 30 September 2023
The accounts are produced on a Receipts and Payments basis with Accruals or Prepayments made for any major item to provide a more accurate comparison to the previous year’s Accounts.
| Note1 | Therewasan addition to Fixturesand Fittings intheform ofa newtelevisionset inthe |
|---|---|
| restroomto replacethe old and increasingly unreliable existing set. | |
| Note2 | Creditors /Accruals |
| Thisfigure simply includes invoices received aftertheyearend forservicessupplied | |
| uptothe accounting date. | |
| Note3 | Depreciation isprovided for in respectofnewfixturesand equipment at20%ona |
| reducing balance basis | |
| Fixturesprovidedwhenthe clubwas set up are considered to be valued attheir | |
| marketvalueandnodepreciationisprovided. |
Page 6
----- Start of picture text -----
|
----- End of picture text -----
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE VETERANS CLUB OF BEXLEY
| report on the Accounts of the Charity for the year ended 30 September 2023, which are set out on pages 2 to 6.
Respective Responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the Accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
e examine the accounts under section 145 of the 2011 Act;
-
e to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
¢ to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the Accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. The accounts do not accord with those records; or
-
The accounts 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 part of an independent examination.
f 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.
Joanne Brown FCCA i Sargeant Partnership LL
5 White Oak Square London Road Swanley Kent BR8 7AG
Date. 8. AP QIL. 2CRU
7