REGISTERED CHARITY NUMBER: 521240
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 May 2022 for Old Bedians Sports Centre
Old Bedians Sports Centre
Contents of the Financial Statements for the Year Ended 31 May 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
Old Bedians Sports Centre
Report of the Trustees for the Year Ended 31 May 2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
521240
Principal address
Old Bedians Sports Centre Millgate Lane East Didsbury Manchester M20 5QX
Trustees
C Byrne S Cook A O’Sullivan Committee S.Lynch Chairman R Keyes Treasurer J Gander Secretary A Smith President S Hanley C Arnold N Donnelly C Pratt T Ash C Morrissey R O’Connor
Independent Examiner
Mark Creely Hedgeside Hall Road Bowdon Cheshire WA14 3AN
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was established by Trust Deed dated 8th October 1965 (amended 12th December 1993) by Manchester County Council and is registered with the Charity commission, No. 521240.
The board of trustees set out the policy and major decisions with the management committee on behalf of each sporting constituent body.
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Old Bedians Sports Centre
Report of the Trustees for the Year Ended 31 May 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The charity was established by Trust Deed dated 8th October 1965 (amended 12th December 1993) by Manchester County Council and is registered with the Charity commission, No. 521240.
The board of trustees set out the policy and major decisions with the management committee on behalf of each sporting constituent body.
Related parties
No related party transactions occurred during the year.
Risk management
An independent person carries out a general risk assessment on the Sports Club and grounds. Recommendations are carried out in order to mitigate the significant risks. This will be an ongoing review.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charities object and its principal activity continues to be that of providing facilities for recreational and sporting activities for the benefit of the inhabitants of the greater Manchester area.
Membership is open to members of the constituent bodies:
Old Bedians Rugby Football Club Bedians Amateur Football Club
Oisin Gaelic Athletic Association
And members of any other properly appointed organisation, drawn from the same area and elected by the Management Committee.
The facilities are available for hire by any individual or organisation in accordance with the standard hiring agreement drawn up.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year has seen a full sporting program with each of the disciplines, up until the imposition of the national lockdown.
Each section raised funds throughout the year for the upkeep and improvement of the grounds.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to endeavour to maintain the unrestricted fund at a level to meet the unrestricted expenditure for the following twelve months. This would then provide sufficient funds to cover the management, administration and support costs.
Principal funding sources
Principal funding sources continues to come from bar takings and a contribution from each sporting section.
FINANCIAL REVIEW
The charity has made a profit this year.
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Old Bedians Sports Centre
Report of the Trustees for the Year Ended 31 May 2022
The trustees would like to see the charity be fully self financing from the bar income and room hire, without relying on a contribution from each sporting section
ON BEHALF OF THE BOARD :
Trustee
Th June 2023
Page 3
Independent Examiner's Report to the Trustees of Old Bedians Sports Centre
I report on the accounts for the year ended 31 May 2022 set out on pages five to nine.
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 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 43(3) (a) of the 1993 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of the 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 seeking 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mark Creely Hedgeside Hall Road Bowdon Cheshire WA14 3AN
Date …………………………………….
Page 4
Old Bedians Sports Centre
Statement of Financial Activities
for the Year Ended 31 May 2022
| 31.5.22 | 31.5.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from generated funds | |||||
| Voluntary income | 6,000 | - | 6,000 | 0 | |
| Activities for generating funds | 2 | 33,149 | - | 33,149 | 12 |
| Investment income | 3 | - | - | - | 34,252 |
| Total incoming resources | 39,149 | - | 39,149 | 34,264 | |
| RESOURCES EXPENDED | |||||
| Charitable activities | |||||
| Provision of Didsbury Sports Centre | 20,881 | - | 20,881 | 32,991 | |
| Governance costs | - | - | - | 0 | |
| Costs of generating funds | 15,728 | - | 15,728 | 994 | |
| Total resources expended | 36,609 | - | 36,609 | 33,985 | |
| NET INCOMING RESOURCES | 2,540 | - | 2,540 | 279 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 163,891 | 50,857 | 214,468 | 214,468 | |
| TOTAL FUNDS CARRIED FORWARD | 166,431 | 50,857 | 217,288 | 217,288 |
The notes form part of these financial statements
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Old Bedians Sports Centre
| Balance Sheet | Balance Sheet | ||||
|---|---|---|---|---|---|
| At 31 May 2022 | |||||
| 31.5.22 | 31.5.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 6 | 192,627 | - | 196,627 | 196,275 |
| CURRENT ASSETS | |||||
| Stocks | 7 | 1,572 | - | 1,672 | 889 |
| Debtors | 8 | 13,815 | - | 10,956 | 5,883 |
| Cash at bank and in hand | 32,122 | - | 4,922 | 42,673 | |
| 47,509 | - | 17,551 | 49,445 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 9 | (22,849) | - | (1,818) | (20,297) |
| NET CURRENT ASSETS/(LIABILITIES) | 24,660 | - | 15,732 | 29,148 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 217,288 | - | 214,468 | 225,423 | |
| NET ASSETS | 217,288 | - | 214,468 | 225,423 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 166,431 | 163,891 | |||
| Restricted funds | 50,857 | 50,857 | |||
| TOTAL FUNDS | 217,288 | 214,748 |
The financial statements were approved by the Board of Trustees on 5[th] June 2023 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
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Old Bedians Sports Centre
Notes to the Financial Statements
for the Year Ended 31 May 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2007), the Charities Act 1993 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 10% reducing balance
Tractor - 20% reducing balance
No depreciation is provided on Land held on Long leasehold or Development costs.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. ACTIVITIES FOR GENERATING FUNDS
| Bar income INVESTMENT INCOME Rents received Room hire Grants |
31.5.22 £ 33,085 31.5.22 £ 63 - - 63 |
31.5.21 £ 12 31.5.21 £ 4,164 30,088 |
|---|---|---|
| 34,252 |
3. INVESTMENT INCOME
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Old Bedians Sports Centre
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
TRUSTEES' REMUNERATION AND BENEFITS
4.
There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the year ended 31 May 2021.
Trustees' Expenses
There were no trustees' expenses paid for the year ended 31 May 2022 or for the year ended 31 May 2021.
5. STAFF COSTS
Bar staff costs are zero. There are no other staff costs relating to the charity.
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures and | Development | |||||
| Long leasehold | fittings | Costs | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 June 2021 | 182,678 | 48,143 | 1,845 | 232,665 | ||
| Additions | - | - | - | - | ||
| At 31 May 2022 | 182,678 | 48,143 | 1,845 | 232,665 | ||
| DEPRECIATION | ||||||
| At 1 June 2021 | - | 36,390 | - | 36,390 | ||
| Charge for year | - | 3,648 | - | 3,648 | ||
| At 31 May 2022 | - | 40,038 | - | 40,038 | ||
| NET BOOK VALUE | ||||||
| At 31 May 2022 | 182,678 | 8,105 | 1,845 | 192,628 | ||
| At 31 May 2021 | 182,678 | 14,214 | 1,845 | 198,736 | ||
| 7. | STOCKS | |||||
| 31.5.22 | 31.5.21 | |||||
| £ | £ | |||||
| Stocks | 1,572 | 889 | ||||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.5.22 | 31.5.21 | |||||
| £ | £ | |||||
| Trade debtors | - | 5,842 | ||||
| Other debtors | 13,815 | 41 | ||||
| 13,815 | 5,883 |
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Old Bedians Sports Centre
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9.
| 31.5.22 | 31.5.21 | |||
|---|---|---|---|---|
| £ | £ | |||
| Bank loans and overdrafts | 9,667 | - | ||
| Trade creditors | 1,559 | 8,909 | ||
| Other creditors | 53 | 12,018 | ||
| 11,279 | 20,927 | |||
| MOVEMENT IN FUNDS | ||||
| Net movement | ||||
| At 1.6.21 | in funds | At 31.5.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 163,891 | 2,540 | 166,431 | |
| Restricted funds | ||||
| Sports Council Grant | 17,057 | - | 17,057 | |
| FSA Grant | 20,000 | - | 20,000 | |
| Mersey Basin & Tractor | 13,800 | - | 13,800 | |
| Reserve | ||||
| 50,857 | - | 50,857 | ||
| TOTAL FUNDS | 214,468 | 2,540 | 217,008 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 39,149 | (36,609) | 2,540 | |
| TOTAL FUNDS | 39,149 | (36,609) | 2,540 |
10. MOVEMENT IN FUNDS
11. DESCRIPTION OF FUNDS
Sports Council Grant :- A grant for Pitch Development
FSA Grant :- A grant for Pitch Development
Mersey Basin :- A grant for Land & Drainage Development
Tractor Donation:- A Grant from the RFU
Page 9
Old Bedians Sports Centre
Detailed Statement of Financial Activities
for the Year Ended 31 May 2022
| 31.5.22 | 31.5.21 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | - | - |
| Gifts | - | - |
| Donations | 6,000 | - |
| Subscriptions | ||
| 6,000 | - | |
| Activities for generating funds | ||
| Bar income | 33,085 | 12 |
| Investment income | ||
| Rents received | 64 | 4,164 |
| Room hire | - | |
| Covid Grants | 30,088 | |
| 34,252 | ||
| Total incoming resources | 39,149 | 34,264 |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Cleaning | 3,284 | 2,343 |
| Repairs and maintenance | 4,412 | 14,969 |
| Rates and water | 693 | 644 |
| Insurance | 3,291 | 3,126 |
| Light and heat | 3,490 | 7,831 |
| Telephone | 1,652 | 1,342 |
| Sundries | 464 | 262 |
| Bank charges | (53) | 13 |
| Depreciation | 3,648 | 2,461 |
| 20,881 | 32,991 | |
| Governance costs | ||
| Accountancy and professional fees | - | - |
| Costs of generating funds | ||
| Wages Bar purchases |
- 15,728 |
- 994 |
| 15,728 | 20,980 | |
| Support costs | ||
| Finance | ||
| Bank interest | 0 | - |
| Total resources expended | 36,609 | 33,985 |
| Net income/(expenditure) | 2,571 | 279 |
This page does not form part of the statutory financial statements
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