REGISTERED CHARITY NUMBER: 512783
HIGHAM LANE LEISURE ASSOCIATION
TRUSTEE’S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HIGHAM LANE LEISURE ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner’s Report | 2 |
| Statement of Financial Ac�vi�es | 3 |
| Statement of Financial Posi�on | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Ac�vi�es | 9 to 10 |
HIGHAM LANE LEISURE ASSOCIATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2025
ended 31 March 2025.
Registered Charity Number: 512783
Registered Address
Ambleside Community Sports Club Ambleside Way Nuneaton CV11 6AT
Trustees
J. Bosworth H. Denney R. Clark D. Formaston C. Hunter Mike Malyon M. Porter R. Thornton B. Bosworth Marc Malyon
Independent Examiner
Callum McAllister CJM Accountants Limited Creaton Co�age, Freer Street Nuneaton CV11 4PR
The Trustees are responsible for keeping proper accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charity and to enable them to ensure that the financial statements comply with the Chari�es Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.
Signed on behalf of the board
…………………………….. Trustee
HIGHAM LANE LEISURE ASSOCIATION
INDEPENDENT EXAMINER’S REPORT
Independent Examiner’s Report to the trustees of Higham Lane Leisure Associa�on
Associa�on for the year ended 31 March 2025.
Responsibili�es and basis of report
As the charity’s trustees of the company (and also its directors for the purpose of company law) you are responsible for the prepara�on of the financial statements in accordance with the requirements of the Chari�es Act 2011 (‘the Act’).
sec�on 145 of the Chari�es Act 2011 (‘the 2011 Act’). In carrying out my examina�on I have followed the direc�ons given by the Charity Commission under sec�on 145(5) (b) of the 2011 Act.
Independent examiner’s statement
As the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in sec�on 145 of the 2011 Act. I can confirm that I am qualified to undertake the examina�on because I am a member of The Associa�on of Accoun�ng Technicians, which is one of the listed bodies.
in connec�on with the examina�on giving me cause to believe:
-
Accoun�ng records were not kept in accordance with sec�on 130 of the Chari�es Act ; or
-
form and content of accounts set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a ma�er considered as part of an independent examina�on.
I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the
…………………………….. Callum McAllister CJM Accountants Limited Creaton Co�age, Freer Street Nuneaton CV11 4PR
HIGHAM LANE LEISURE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM Dona�ons and legacies Charitable ac�vi�es Other trading ac�vi�es 2 Investment income 3 Total EXPENDITURE ON Other Total Net gains on investment NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds Total funds Total funds 2025 2025 2024 £ £ £ 31,048 31,048 3,045 149,280 149,280 171,929 396,470 396,470 307,221 681 681 650 |
|---|---|
| 577,479 577,479 482,845 |
|
| 451,803 451,803 379,086 |
|
| 451,803 451,803 379,086 |
|
| - - - 125,676 125,676 103,759 - - - |
|
| 125,676 125,676 103,759 589,243 589,243 485,484 |
|
| 714,919 714,919 589,243 |
CONTINUING OPERATIONS
All income and expenditure has arisen from con�nuing ac�vi�es
HIGHAM LANE LEISURE ASSOCIATION
STATEMENT OF FINANCIAL POSITION For the Year Ended 31 March 2025
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Stocks 7 Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 10 Bank Loans (Secured) TOTAL FUNDS |
Unrestricted funds Total funds Total funds 2025 2025 2024 £ £ £ 721,225 721,225 612,124 8,865 8,865 8,632 90 90 90 21,669 21,669 25,307 |
|---|---|
| 30,624 30,624 34,029 (36,930) (36,930) (56,910) |
|
| (6,306) (6,306) (22,881) |
|
| 714,919 714,919 589,243 |
|
| 714,919 714,919 589,243 |
|
| 714,919 714,919 589,243 - - - |
|
| 714,919 714,919 589,243 |
on its behalf by:
……………………………..
Trustee
HIGHAM LANE LEISURE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2015) – (Chari�es SORP (FRS 102)), the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Income
All income is recognised in the Statement of Financial Ac�vi�es once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabili�es are recognised as expenditure as soon as there is a legal or construc�ve obliga�on commi�ng the charity to that expenditure, it is possible that a transfer of economic benefits will be required in se�lement and the amount of the obliga�on can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
es�mated useful life.
Land and buildings - at varying rates on cost Fixtures, fi�ngs and equipment - at varying rates on cost
Taxa�on
The charity is exempt from corpora�on tax on its charitable ac�vi�es.
Stocks
Stock is valued at the lower of cost and net realisable value, a�er making due allowance for obsolete and slow moving items.
Pension costs
charity’s pension scheme are charged to the Statement of Financial Ac�vi�es in the period to which they relate.
HIGHAM LANE LEISURE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - con�nued For the Year Ended 31 March 2025
2. OTHER TRADING ACTIVITIES
| Bar receipts | 2025 2024 £ £ 396,470 307,221 |
|---|---|
| 396,470 307,221 |
3. INVESTMENT INCOME
| Bank interest | 2025 2024 £ £ 681 650 |
|---|---|
| 681 650 |
4. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustee’s remunera�on or expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Staf | 13 | 8 |
No employees received emoluments in excess of £60,000.
HIGHAM LANE LEISURE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - con�nued For the Year Ended 31 March 2025
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 Addi�ons Disposals At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Long leasehold property Land and buildings Fixtures, f�ngs and equipment Totals £ £ £ £ 20,000 732,257 168,136 920,393 - 108,667 11,035 119,702 - - - - |
|---|---|
| 20,000 840,924 179,171 1,040,095 |
|
| - 157,956 150,312 308,268 - 7,011 3,591 10,602 - - - - |
|
| - 164,967 153,903 318,870 |
|
| 20,000 675,957 25,268 721,225 |
|
| 20,000 574,301 17,823 612,124 |
7. STOCKS
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stocks | 8,865 | 8,632 | |
| **8. ** | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | - | - | |
| Other debtors | 90 | 90 | |
| 90 | 90 |
HIGHAM LANE LEISURE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - con�nued For the Year Ended 31 March 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxa�on and social security Other creditors |
2025 2024 £ £ 31,902 46,388 1,633 2,122 3,395 8,400 36,930 56,910 |
|---|---|
10. MOVEMENT IN FUNDS
| Unrestricted funds TOTAL FUNDS |
At 1 April 24 Net movement in funds Transfers between funds At 31 March 25 £ £ £ £ 589,243 125,676 - 714,919 |
|---|---|
| 589,243 125,676 - 714,919 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds TOTAL FUNDS |
Incoming resources Resources expended Movement in funds £ £ £ 577,479 (451,803) 125,676 |
|---|---|
| 577,479 (451,803) 125,676 |
HIGHAM LANE LEISURE ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Dona�ons and legacies Dona�ons Charitable ac�vi�es Subscrip�ons Room hire Court and ground fees Rent received Pool table Social events (net) Adver�sing boards Sundry income Council grants Other trading ac�vi�es Bar receipts Investment income Bank interest Total incoming resources EXPENDITURE Raising dona�ons and legacies Bar purchases Wages Premises cleaning Insurance, water rates and rates Prin�ng, sta�onery, telephone and postage Licences Sky TV Accountancy Legal and professional fees Dona�ons Light and heat General maintenance and improvements Ground maintenance and upkeep Loan interest paid Bank and credit card charges Bookkeeping costs |
2025 2024 £ £ 31,048 3,045 12,013 14,133 69,384 66,085 918 2,193 6,298 6,298 42 315 6,481 7,230 12,077 3,920 - - 42,067 71,755 |
|---|---|
| 149,280 171,929 396,470 307,221 681 650 |
|
| 577,479 482,845 |
|
| 184,336 133,684 121,002 94,005 25,665 23,604 9,240 7,456 6,210 4,441 180 350 6,684 5,277 3,745 2,595 8,600 7,945 - - 22,314 23,531 14,803 25,524 14,976 22,774 - - 9,535 8,345 6,915 6,192 |
| Sundry expenses Deprecia�on of tangible fxed assets Total resources expended Net income |
6,996 4,366 10,602 8,997 |
|---|---|
| 451,803 379,086 |
|
| 125,676 103,759 |