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STAFFORDSHIRE LADSANDADS CLUB
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2021
2020/2021 SEASON
CHARITY NO: 507170
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STAFFORDSHIRE LADSANDADS CLUB
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2021
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2020/2021 SEASON
CONTENTS
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1 Legal and administrative information 2-3 Report of the Trustees 4-5 Report of the Auditors 6-7 Statement of financial activities 8 Balance Sheet 9 -13 Notes to the financial statements
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STAFFORDSHIRE LADSANDADS CLUB
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2021
2020/2021 SEASON
| LEGAL ANDADMINISTRATIVEINFORMATION | LEGAL ANDADMINISTRATIVEINFORMATION | LEGAL ANDADMINISTRATIVEINFORMATION |
|---|---|---|
| Charitynumber | 507170 | |
| Charity address | 27West Street Porthill |
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| Newcastle underLyme | ||
| Staffordshire | ||
| STS OAL | ||
| Trustees and CentralManagement | ||
| CommitteeMembers | MrCDean | Chairman |
| Mrs S Sheldon | Assistant Secretary and | |
| General Treasurer | ||
| MrA Sheldon | General Secretary and. | |
| Competition Secretary | ||
| Mrs J Findler | ||
| MrM Cole | ||
| MrB Cowie | - appointed 10August2021 | |
| Other CentralManagement | ||
| CommitteeMembers | Mrs P Tideswell | Minutes Secretary |
| Auditors | AffordBondHoldings Limited | |
| CharteredAccountants | ||
| RegisteredAuditors | ||
| 31 WellingtonRoad | ||
| Nantwich | ||
| - | Cheshire | |
| CW5 JED | ||
| Accountants | JVBotterell | |
| Chartered Accountant | ||
| 10 CongletonRoad | ||
| Sandbach | ||
| Cheshire | ||
| CW11 1HI | ||
| Solicitors | Grindeys | |
| Glebe Street | ||
| Stoke onTrent | ||
| Staffordshire | ||
| Bankers—CentralManagement | Barclays BankPLC | |
| Committee | HighStreet | |
| NewcastleUnderLyme | ||
| Staffordshire |
Page 1
STAFFORDSHIRE LADSANDADS CLUB TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MAY 2021
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The Trustees present their annual report and audited financial statements of the Charity for the year . ended 31st May 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 and 10 and comply with the Charity’s constitution and applicable law.
Constitution
The Charity is governed by the Staffordshire Ladsandads Club constitution as revised in May 2009.
Affiliations
At the time of producing the current financial statements the Charity is affiliated to Staffordshire County Youth Football Association Limited.
Objective of the Charity
The objective of the Charity is to provide facilities in order to promote the physical education of children. All football activities are played under the name of the North Staffs Junior Youth League (ages 6-15) andNorthPublic Benefit Staffs Youth League (ages 16-18).
Public The Charity provides a public benefit for children to take part in physical recreation and to receive appropriate training and coaching.
Organisation
Staffordshire Ladsandads Club is made up of nine centres plus the North Staffs Youth League based throughout the Staffordshire Area. The overall responsibility lies with the Central Management Committee.
Development, activities and achievements
The Trustees would like to offer their thanks to all volunteers and to acknowledge the assistance provided by all voluntary officials of the centres during the year which have continued to achieve the objectives of the Charity. Like many organisations, the year was severely disrupted by the Covid 19 restrictions. As progress is made towards resolving the pandemic, the Club hopes to return to its normal activity levels as soon as possible,
Financial review
The Statement of Financial Activities for the year is set out on pages 6 and 7. Reserves of £391,681 are held in the Charity as at 31st May 2021. All of these reserves will be expended in future years in the furtherance of the Charity’s objectives.
Statement of Trustees’ responsibilities
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the year end. In preparing those financial statements the trustees are required to:
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¢ select suitable accounting policies and then apply them consistently;
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¢ make judgements and estimates that are reasonable and prudent;
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« state whether. applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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° prepare the financial statements on the going concern basis; and
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e observe the methods and principles stated in the Charities SORP (FRS 102).
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STAFFORDSHIRE LADSANDADS CLUB
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TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MAY 2021 (continued)
In so far as the trustees are aware:
- ® There is no relevant audit information of which the charity’s auditor is not aware; and e The trustees have taken all relevant steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Regulations This report has been prepared in accordance with the Statement of Recommended Practice applicable to charities referred to as SORP (2015) Accounting and Reporting by Charities (FRS 102).
Auditors A resolution proposing that Afford Bond Holdings Limited be re-appointed as auditors of the Charity will be put to the Annual General Meeting.
This report was approved by the Trustees and signed on its behalf by:
vee eAsee. MrsS Sheldon
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on Mr A Sheldon
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Trustees
Date 31 March 2022
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STAFFORDSHIRE LADSANDADS CLUB Independent Auditor’s Report to the Trustees of Staffordshire Ladsandads Club
Opinion
We have audited the financial statements of Staffordshire Ladsandads Club (the ‘charity’) for the year ended 31st May 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements: -giveresources a true and and applicationfair view of of theresources, forstate of thethe yearcharity’s thenaffairs ended;as at 31st May 2021, and of its incoming -have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) CSAs (UR)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (OK) require us to report to you where:
-the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
-the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
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The trustees are responsible| for the other information. The other information comprises the information included in the trustees’ annual report’, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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STAFFORDSHIRE LADSANDADS CLUB
Independent Auditor’s Report to the Trustees of Staffordshire Ladsandads Club (Continued)
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: -the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
-sufficient accounting records have not been kept; or -the financial statements are not in agreement with the accounting records; or -we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on pages 2 to 3, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
AffordChartered Bond Accountants Holdings Ltd Statutory Auditor 31 Wellington Road Nantwich, Cheshire CW5 7ED
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A 7 | { R ve9
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Date 31 March 2022
Afford Bond Holdings Ltd is eligible to act as an auditor in terms ofsection 1212 of the Companies Act 2006. Page 5
STAFFORDSHIRE LADSANDADS CLUB
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MAY 2021
2020/2021 SEASON
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|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2021|2020|
|£|£|£|£|
|INCOMING|RESOURCES|
|Activities|in|furtherance|of the|
|Charity’s|objectives:|
|Registrations,|subscriptions,|fees|etc|38,113|-|38,113|141,082|
|Sundry|charitable|904|-|904|10,966|
|39,017|-|39,017|152,048|
|Fundraising income|
|Grants and donations|70,268|73,335|143,603|93,351|
|Sponsored event|-|-|-|3,205|
|Refreshments|and canteen|sales|379|-|379|7,949|
|Sundry|fundraising|16,207|-|16,207|7,333|
|Fundraising for other causes|-|-|-|150|
|86,854|73,335|~—«:160,189|111,838|
|Other|income|
|Bank|interest received|5|-|5|30|
|TOTAL INCOMING RESOURCES|125,876|73,335|199,211|263,916|
|TOTAL RESOURCES EXPENDED|(page|7)|94,642|51,044|145,686|194,191|
|Net incoming|resources|for the year|31,234|22,291|53,525|69,425|
|Transfer between|funds|(Note|6)|-|-|-|-|
|31,234|22,291|53,525|69,725|
|Net movements|in|funds|
|Funds|balances|brought|forward|at|
|Ist June 2020|266,734|71,422|338,156|268,431|
|FUNDS BALANCES|CARRIED|
|FORWARD AT 31ST MAY 2021|297,968|93,713|391,681|338,156|
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ST ORDSHIRE LADSANDADS CLUB STATEMENT OF FINANCIAL ACTIVITIES OR THE YEAR ENDED 31ST MAY 2021
2020/2021 SEASON
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|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2021|2020|
|£|£|£|£|
|Cost|of activities|in|furtherance|of the|
|Charity’s|objectives:|
|Trophies|1,000|-|1,000|19,125|
|Hire of facilities|8,494|-|8,494|21,073|
|Football|strips|etc|9,678|-|9,678|3,049|
|Sundry expenditure|5,665|-|5,665|23,817|
|Pitch maintenance|10,984|51,044|62,028|60,618|
|—_—__|te|————|———|
|35,82]|51,044|86,865|127,682|
|Fundraising|
|Refreshments|and canteen|474|-|474|6,734|
|Sundry fundraising|-|-|-|1,100|
|474|-|474|7,834|
|Management|and|administration|
|Insurances|1,823|-|1,823|1,644|
|Post,|print,|stationery and adverts|1,283|-|1,283|796|
|Bank charges and|interest|-|-|-|5|
|Hire charges|1,346|-|1,346|66|
|Telephone charges|-|-|-|403|
|Repairs and renewals|23,181|-|23,181|18,116|
|Audit and accountancy|4,765|-|4,765|5,905|
|Officers’|expenses|7,124|-|7,124|7,081|
|Depreciation|9,507|-|9,507|8,922|
|Sundry|expenses|2,661|-|2,661|7,556|
|Heat and light|6,337|-|6,337|3,845|
|Professional|and legal|fees|100|-|100|2,525|
|Computer expenses|220|-|220|236|
|Rates|and water|-|-|-|1,577|
|58,347|-|58,347|58,675|
|TOTAL RESOURCES EXPENDED|94,642|51,044|145,686|194,191|
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ST. RDSHIRE LADSANDADS CLUB
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|BALANCE|SHEET AT|31ST MAY 2021|
|2021|2020|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible fixed assets|3|100,954|102,729|
|CURRENT|ASSETS|
|Stock|1,191|-|
|Debtors and prepayments|4|34,053|10,066|
|Balances at banks and building|
|societies|295,443|263,325|
|Cash|in hand|1,222|7,676|
|331,909|281,067|
|CREDITORS:|amounts|:|
|falling|due within|one year|5|41,182|45,640|
|NET CURRENT ASSETS|290,727|235,427|
|NET ASSETS|£391,681|£338,156|
|FUNDS|
|Unrestricted|297,968|266,734|
|Restricted.|6|93,713|71,422|
|TOTAL FUNDS|£391,681|£338,156|
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The financial statements on pages 6 to 13 were approved by the Trustees and signed on its behalf by
vette oc.. Mrs S Sheldon
ee | MrA Sheldon Trustees
Date 31 March 2022
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STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2021
2020/2021 SEASON
1. Legal form
The Charity is an unincorporated entity run by a Council of Management made up from a . selection of it’s Trustees. The Charity constitutes a public benefit entity as defined by FRS 102.
- Accounting policies
a) Basis of preparation
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities”. The charity has adopted SORP (FRS 102) for the first time in the current year although the trustees are of the opinion that the transition to new United Kingdom Generally Accepted Accounting Practice has not materially affected the reported financial position and performance of the Charity.
b) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
c) Incoming resources
All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being received.
d) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Premises overheads have been allocated on a floor area basis and other overheads have been allocated on the basis of the head count.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the Charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
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STAFFORDSHIRE
LADSANDADS CLUB
NOTES TO THE FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31ST MAY 2021 (continued)
2020/2021 SEASON
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e) Tangible fixed assets and depreciation
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Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a reducing balance basis over their expected useful economic lives as follows:
Equipment 15% to 20% reducing balance
3. Tangible fixed assets
| 3. | Tangible fixed assets | |||
|---|---|---|---|---|
| Investment in | ||||
| Property | Equipment | Total | ||
| Balancebrought forward at IstJune2020 |
69,293 | 33,436 | 102,729 | |
| Additions (after grants received) | - | 7,732 | 7,732 | |
| 69,293 | 41,168 | 110,461 | ||
| Depreciation fortheyear | 3,336 | 6,171 | 9,507 | |
| Balance carriedforward | ||||
| at 31stMay2021 |
£65,957 | £34,997 | £100,954 | |
| 4. | Debtors and prepayments | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Trade debtors | 32,392 | - | ||
| Prepayments | 1,661 | 10,066 | ||
| £34,053 | £10,066 |
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STAFFORDSHIRE LADSANDADS CLUB
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2021 (continued
2020/2021 SEASON
- Creditors: amounts falling due within
one year 2021 2020 Creditors and accruals £41,182 £45,640
6. Restricted funds
In 2003 the Blurton centre contributed £50,000 towards premises under a 30 year agreement for use by its members. The development funds support various centres with its ongoing pitch and facilities refurbishments. The Central Management Committee continues to operate a touring fund.
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|Blurton|
|Investment|
|in|Development/|Touring|
|Property|Grant Funding|Fund|Total|
|£|£|£|£|
|Balance|at|Ist|June|2020|50,000|21,412|10|71,422|
|Interest|received|-|-|-|-|
|Grants received|-|73,335|-|73,335|
|Drawn|in year|-|(51,044)|-|(51,044)|
|Balance|at 31st May 2021|£50,000|£43,703|£10|£93,713|
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- Analysis of net assets between funds
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|Tangible|Net|
|fixed|current|
|assets|assets|Total|
|£|£|£|
|Restricted|funds|
|Blurton|Property|Investment|50,000|-|50,000|
|Development/Grant|funding|43,703|43,703|
|Touring|fund|-|10|10|
|50,000|43,713|93,713|
|Unrestricted|funds|55,954|247,014|299,149|
|£100,954|£290,727|£391,681|
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STAFFORDSHIRE LADSANDADS CLUB
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NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST MAY 2021 (continued
2020/2021 SEASON
| 8. | Auditandaccountancy fees | 2021 | 2020 |
|---|---|---|---|
| Audit fees | 2,280 | 1,960 | |
| Accountancy and general advice | 2,485 | 3,945 | |
| £4,765 | £5,905 |
9. Expenses reimbursed to trustees
A total of £1,800 was reimbursed to the trustees of the Charity during the year in respect of motoring costs and telephone usage.
No remuneration was paid to any trustees during the year.
10. Foundation grants and future funding
Grants were agreed with the Football Foundation during the year ended 31 May 2020 for a 6 year period for pitch refurbishments at four of the Clubs centres. The summary details are as follows:-
| Blarton | Kidsgrove | Newcastle | Trubshaw | Total | |
|---|---|---|---|---|---|
| Cross | |||||
| £ | £ | £ | £ | £ | |
| Grants receivablefrom the Football Foundation | |||||
| Yr 1 (y/e2020) | 20,762 | 20,350 | 9,622 | 21,420 | 72,154 |
| Yr2 | 20,762 | 20,350 | 9,622 | 21,420 | 72,154 |
| Yr3 | 13,841 | 13,567 | 6,415 | 14,280 | 48,103 |
| Yr4 | 13,841 | 13,567 | 6,415 | 14,280 | 48,103 |
| Yr5 | 6,921 | 6,783 | 3,207 | 7,140 | 24,051 |
| Yr6 | 6,921 | 6,783 | 3,207 | 7,140 | 24,051 |
| 83,048 | 81,400 | 38,488 | 85,680 | 288,616 | |
| Contributions | payable bythe Clubs centres | ||||
| Yr 1 (y/e2020) | - | - | - | - | - |
| Yr2 | - | - | - | - | - |
| Yr3 | 6,921 | 6,783 | 3,207 | 7,140 | 24,051 |
| Yr4 | 6,921 | 6,783 | 3,207 | 7,140 | 24,051 |
| Yr5 | 13,841 | 13,567 | 6,415 | 14,280 | 48,103 |
| Yr 6 | 13,841 | 13,567 | 6,415 | 14,280 | 48,103 |
| 41,524 | 40,700 | 19,244 | 42,840 | 144,308 | |
| Total deemed cost ofpitch refurbishments | |||||
| 124,572 | 122,100 | 57,732 | 128,520 | 432,924 | |
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STAFFORDSHIRE LADSANDADS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2021 (continued) 2020/2021 SEASON
il. Control
The charity is controlled by the Trustees and Central Management Committee members.
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