Saxmundham Sports & Re¢reatknnal aub CHARifi NUMBER 287624 STATEMENT OF ACCOUNTS Forthe year ended 31 December 2023 Saxmundham Sports & Recreational Club. Established by Deed Charl Numbr2 7624 Registered Address: Carlton Park, Saxmundham, Sufftilk. IP17 IAT. Trnste•5 Pet•r Batho, BL R¢J8¢r Sklnner, Sar￿nne GrlmvMd, Mark Fil ath¢r. Mana8ement Commlttee.. President Peter 8atho Bt Chalrman Actln8 Sec. D Threadkell Treasurer Peter Batho 8t Caravan Warden O Threadkell J Chesterfteld J Colllns G Butler C Pa8e F Paul A Woodyard Inderpendent Examlner5 Carlton Park House Carfton Park Industrlal Estst• Saxmundham Suffolk. IP17 2NL Recr ARITY NUM TOF Pa89 TRUSTEE'S REPORT Ito3 INDEPENDENT EXAMINER'S REPORT 4t05 STATEMENT OF FINANCIAL AcfiviTIES BAL4NCE SHEET NOTES TO THE ACCOUNTS 81012 xmundham S ecr tlonal CHARITY NUM ER2 7624 ISHED Y DEED TRUSTEE'S R ORT OR THE YEAR ND 31 BER 02 The Trustees present their report and financjal staternents forthe year ended 31st December 2023. ema nd Man Governln Documen The Saxmundham Sports & Recreational Club was re815tered wfth the Charlty Commlssloners In September 1983 and is governed by a Constitution and Rules first adopted on the 27th July 1983. where subsequently revised wlth èffect from 24th January 2005. se Gov rnance an Man Èm nt The Club is adminlstered by Its Trustees and the Management Commlttee. The Chalrnien of the sections are invited to attend quarterly man*8ement meetkn8S. Trustees are appointed and removed by the Club Committee. such appolntments belng approved at the next Annual General Meetlng and shall hold offl¢e untll death. reslgnation or removal. The numb of Trustees shall not be more than four and not less than two. The Club Officers ofthe Management Commlttee are elected at the Annual General Meetin& Three shall form a quomrn and the Chairman shall have the right to a castln8 vote at all meetings. Any vacancies occurring amongst Club Officers shall be fllled by a member co-opted by the aub Commltt If any member of the aub CommSttee should be absent from three consecutlve meetln8s. he or she may be replaced by another member co-opted by the Commlltee. Ob and Ivltles In plannin8 our activitres for the year, we kept In mind the Charity Commlssion's 8uldan¢e on publk benefit at our trustee meetings. The Club's object aetord wlth thb 8uldance All of the different secttons of ihe Club have had successful seasons beneffttSn8 both the members themsefves and also the public profile of the Club which needs to contlnually attrart new members. Saxrnun HARITY NUMBER 762 TRU TEE, REP RTF R ThE DED ER and Pe We. at long last, came to the end af Covll 19 1ockdown< and for most of the year thlftgs returned to normal. The Trustees had a request to sell a srnall parcel of land to the prornoters Of the Pfoposed'one Stop Shop, Heatth Centre but havlnq d15cussed the matter, the Trustees declded thai the sale w•5 not In the best interest of the Club. Amon8St the section5 Tennts and Football were very ath, partlcul•rfy* In the *re• of ¢oachiwd and encoura8ement of the Junoor pLayets. The year has proved to be one of the wettest on record but thls not d•mpened th• splrjts of the club members. A number of Improvements hwe bwn made to the teftn15 and footb•ll sertknns to whlch the maln club h45 glven fin•nclal asstst•nce. Flnalty, the Club'5 Trustees. would Il*• to thank th• Offieets of the ￿rIOuS sectknns. for the work they have done during the year, wlth a specl•l thanks io the manai•r. Dale Thrtadkell, for all h• has done, for the Cbjb, durlng the past yeai. Due to a lack of adequate lundln& the Gr¢eft Court p•vblloTr rem•lns on hold whlle other optk*ns are Invest*ated. The statement of ftnanclal artl¥iEies shows • net SUry￿S of É13.380.12022 - £16,704) Re The Management Commlttee have established the polkywherebythe unrestrfcted funds. not commffited or Invested In tan8Sble fixed •5sets (the Free Reseprfesl held bythe Charlty should be between 6 and 12 months of resources expended. Thls equates to £15.0￿ and £30.000 In general funds. At this level, the management commlttee feel that thty would be able to ￿ntITrue the current activltre5 of the charity, In the ewnt of a signfficant drop In fvndln8. At a trustees. meeiing on 16th March 2017, It was declded that a F￿Ule Developments Restrlcted Reserve should be set up and this was to be applied at the end of the cal*ndaryear2016 and for fu￿re year5. It was decided that the ￿maInIng Free Re5eTres woukl be Ilmlted to £30.(YIO afid all funds over that would be transferod to Future Developmenl Restritted Reserye. Consequentty * the 31st December 2023, the Iree reseprfes amount to £27.146 {2022- £12573) undh rea CHARITY NUMBER AB SHED Y DEED TIIUSTEE'S REPORT FOR TH YEAR ENDED 31 DECEM ER 202 nslbjl the tlnandal The Charity's Trustees are responsible for preparirE financial statements. for each fmancial year. which gives a true and fair view of the Charity's incoming resour￿ and applicatlon resources during the year and of its state of affairs at the end of the year. In preparing those financial ststements the Trustees are required to: 11 Selett 5Ltitable accounting policie5 and then apply them consistently. 21 Make judgements and estimates that are reasonable and prudenL 31 State whether applicable accounting standaids and statements of recommended practlce have been followed subject to any rnaterial departurns dselosed and ewained in the financial statements. 41 Prepare the financial ￿atements on the 8oln8 concern basis unless Inapproprlate to presume that the Charity will continue in buslness. The Trustees are respon51ble for keeping proper accountln8 ￿(ordS whlth disclose, wlth reasonable accuracy at any time, the financial position of the chaffty. Thry are also re5ponslble for safegu?rding the assets of the Chafity and hence fortaknng reasonaljle #eps forthe prevention and detection of fraud and other IrreBularltles. Inde ent E¥amlner Following the retirement of Hugh Cochrane it wa5 appr¢¥td in the tn￿ee$, Meet￿￿ that Chapel Road Accounting Services Ltd would art as independent examlner of the Ch•fityfor31st December 2023 year end. A resolution to rfrappolnt Chapel Road Accounting Servkes Ltd as h)dependent examlner of the Charty will be submitted at the Annual General Meetlng. Thls report was approved by the Trustees on 201 Peter 8atho. 8t IRvsreE . Rec AR 76 INDEPENDENT EXAMINER'S REPOR TO For the year ended 31 December 2023 Tru MUNDHAM AR I report on the actounts of the thartyforthe y••r end•d 31 December 2023, whkh arn set out on pa8es 6 to 12. RESPEcnvE RESPOP4SIBILmES OF TRUSTEES ANO EXAMNeR As the charjty's tnjstees you are responsible for the pvepar•tlon of the accounts* you cOn￿der that the audil requirement of seaion 14412) of the Charttle5 Act 2011 rnie Aa) doe5 not applv. It Is my responslbllity to state. on the basls of procedures speclfied In the General Dlrectbn5 Ilven by the Charlty Commtssloners under sertknn 14515)Ibl ofthe A¢ ¥thether partkular Thatters have ¢om¢ to my attentlon. Your attenth)n Is drawn io the hct that the chaffty h•s prepared accounts lft attordanc• wlth Accountlng and Reportln8 by Charbtles.. Statement of Recommended Practlce •ppllcable to charltt4s preparing thelr accounts In accordance wbth the F5n•nclal fteytl￿ S¢•nd•rd for Sm•ller Entltles preference to the Accounlln8 and Reportlng ￿ Charllle5: Siaternent of Recommended Pra¢tke Issued on l April 2005 whlch Is referred to in the extant re8ulatlons lyjt has slnce been wtthdrawn. l understand that thls has been done in order forthe accounts io provkle a tnje and falrvlèw In accordance wlth the Generalty Accepted Accountln8 Prartke eff•ctlve for reportln8 perlods be8lnnln8 on or after l January 2015. BASIS OF INDEPENOENT EWalllER'S REPORT My examinatlon was carrled out In xcOrda￿e wlth the General Olrertk*n$ S￿en by the Charlty Commlssloners. An examination includes a revlew of the accountin8 rncords kept by the charlty and a compar150n of the accounts presented wlth those records. It also Include5 conslderatlon of any unusual Items or dlstlosures In the a¢¢ounts.3nd y¢kln8 explarkat•tins from you as tn￿tee$ ctsncernln8 any such matters. The procedures tsndertak•n do not provkle am the evidence th•t would be requlred In an ludlt, and Consequentty I do ex￿5% aft a￿ltt oplnlon on the vlew glven by the accounts. xmundham S rts & Recreat nal Clu ARITr NUM ER 287 INDEPENDENT INER, RTTO For the year ended 31 December 2023 Tro INDEPENDEiif EXAMINER'5 STATEMEKr In connection wlth my examination, no matter has come to my atterrtlon: which grves me reasonable cause to that In any m•terlal ￿$pert the requirements to keep accountwig records In accordance wlth sectk)n 130 of the Art: and to prepare accounts which accord with the accounllN3 record$ ar￿ to compty with the actountifyg requiiements of the have not been met: or to whlch. in my oplnion. attention sI￿uld be dTrwn In orderto enable a proper unders the actounts to be reached. Rebecca Brock FMAAT ACCA CRASL Saxmundham mun am Rec CHARfTYNUM8ER 2876 STATEMENT OF FINANCIAL AcrivmES For the year ended 31 December 2023 2023 2022 Note Income and endowments from Voluntary income Activities forgeneratln8 funds Interest Received 6,398 63,998 3.143 15.467 62,244 815 Total Income and endowments 73,539 78.526 Expendlture Charitable activlties 60.159 61,822 Net movement In funds Balances brought fovNard 13.380 454,548 467,928 16.704 437.844 454.548 All of ihe Charlty's activities are classed as continulng. The Charity has no reco8nlsed 8ains or10sses othef thatt those shown aljove. The notes on pages 8 to 12 form part of these accounts. un &Rec nal lub HA BALANCE SHEET As of 31st December 2023 Flxed Ass•ts Leasehold Improvements Flxtures & Fittin8s Offtce Equlpmenl 270.￿1 36.951 269.479 35.560 37,794 341.640 342,833 Current Assets Debtors Cash In Bank Cash In hand S42 130,972 542 115,747 131514 116,289 U•blllttes Amounts fallln8 due In one year 5.226 N•t currnnt •ssets 126,287 116.289 Ll•bllltles Amounts lallln8 due after one year Net *ss•ts 467.928 459.122 Funds Unrestrlrted Fund5 Desl8nated- Flxed Assets Restritted Funds- Future Developments 27.146 341,640 99.142 467,928 12.573 342.833 99.142 454.548 Approved by the 8oard of Trustees on the and s*ned on Its behaw by: Peter Batho, 8t rt4J xmun ams AR NUM ER 287 24 NOTES TO THE ACCOUNT For the year ended 31 December 2023 ACCOUNTING POiKIES Basls d prepwa The ftnanclal ststements have been pMpared In accordance wlth Accountlng aftd Reportln8 by Chartles.. Statement of Recommended Practlce and In ac¢ordan¢e wlth the Financlal Reportlft8 Stand•rds tor Smaller Entltles leffectfve J•nu•ry 2015) and the Charlties Act 2011. Assets and Ilabllltles are InltFalty ￿0￿nISed at htstorkal cort or transartion value unles5 QtheThv￿e stated In the relevant accountln8 accountln8 pomty note. The financlal statements ha¥e been prepared to gèrfe and'true and falV vlew and have departed from the Charllle5 IA¢counts and Reports) Regulatlons 2008 onty to the extent requlred to provlde a 'tnJe and falr vlew. ThFs departure h•s Involved followln Accountln8 and Reporting by the Chailtles preparlng thelr attounts In accordance wlth the Flnanclal Reportin8 Standaffd appllcable In the UK and Aepubllc of Ireland IFRSSEI l$sued on 16July 2014 nther th•n thw Accourtkn8 •nd Reportlrq lry Charft￿. St•tement Thè assessmènt of the tnJstee$ b that the charlty b • 8oln8 coIKern. Inwme All Incomln8 res¢)urces are Included on the Ststemert of Flnandal Artlvllles when the charlty has sufficlent certalnty th•t rffelpt of thè Intome15 Pro￿ble and the amount be measured rellabty. Exp•ndlture Expenditure ts re¢o8nlsed oKe thtte ts a legal or Constr4￿fve obli8atknn to make payment to a thlfd party. It has been classlfied undef headlnR5 ihat ag8f4atr all costs related to that cate80ry. Where costs cannot be dlrectty attrf￿ted to partlcular headln89 they have been allocated on a ba sbs consbtent with the use of resources. The charlty15 not re815tered for VATand accordin8ly expendtture 15 shown 8r055 of Irrecovernble VAT. Grants offered subjett to condltjons which have not been met at the ye•rend date are notes as commltment but not accrued as expendltsre. Voluntary lfieome All donated Income 15 Included In Income on r￿lpt where the donor requlres thatthe sum is tts be treatèd as Sncome in future accountlvd per4)d& xmvn ham RITYNUM ER NOTES TO THE ACCOUNT For the year ended 31 Oetember 2023 Interest recelved Is included wkn recelvable. Depreclatlon ts provkled on fixed 4ss•ts at fates uknl•ted to wrfte off the Costs I e5tlmated restdual v•lts•, or exh •sset over Its experted useful Ilfe as foUows:_ Sports Equlpment Plant & Machlnery 15% reducln8 ba￿nCeS 15% reducln8 balance5 No depreclatlon ts provlded on freehokl land and Improvements •$ the Trustees ¢onslder ihat the lfves of these assets are $0 lore *nd the resldu•l ￿lUtI $0 fv18h that Stock 15 valued at a lower of cost 4nd net reaMsab* value xmun ational ITY NUMBER 287 NOTE5 TO THE ACCOUNr For the year ended 31 December 2023 2023 2022 Totsl 2 Voluntsry Income Donations Grants 5.276 1.122 6.398 15,467 15.467 3 A(tl¥ltles for Gènerath)g Funds Caravan & Laundry Income Memebership Fees Misc Income 60.843 2.304 851 59,031 3.213 62,244 4 Charitable ActTh7ftles Telephone Heat & Light Insurance Water. Sewage & Refvse Ground Work Wage5 & Pension Webslte Costs Cleaning Building Repalrs & Malntenance Equipment Repairs & Maintenance Bank Char8es Oepreclation Accountancy P05ta8e & statlonary. Advertiskn)E Miscellaneous Profit /L05s on Dlsposal 9,761 L734 4397 12,046 1.331 10.364 4,611 16.734 199 5,672 766 2320 653 314 11415 760 416 767 -87 61.822 12.378 1,050 330 60.159 io xmundh m S re NOTES TO THE ACCOUNTS For the year ended 31 December 2023 5 Flxed Assets Leaseh¢)Id Sports Plant & Inwrovements Equlpment Mathlnery Total Cort At l January 2023 Addltlon5 Dlsposals 269.479 L122 45,659 7,753 46.973 2309 362.111 11,185 At 31 December 2023 270.601 53,412 49.282 373.296 Depr•d*th)n At l January 2023 Char8e for the year Dlsposals 10,099 6,362 9,179 6.016 19,278 11378 At 31 December 2023 16.461 15,195 3L656 N•t bt)ok At 31 December 2023 270.601 36.951 34.088 341.640 At l January 2023 269.479 35.560 37,794 342.833 6Déb Loan to Sectlons 542 542 7 Credltors falllng In y¢•r Accrual PAYE & NIC VAT L714 3,208 5,226 xm ndha ci ER NOTES TO THE ACCOUNTS Forthe year ended 31 December 2023 8 Andysls ol mw•mert In funds •tlstJ•n (Wn8 Trnnkn •tJlst D•¢ 2023 Deslgnated Funds Flxed Assets Futu￿ Dt¥t Funds 342J33 99,142 12,573 General Funds L193 341.640 99.142 1.193 27.146 0 467.928 73,S39 60.159 60,159 12