Reglstered number: 00429169
Charity number.. 521947
LINDUM SPORTS ASSOCIATION LIMITED
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

LINDUPII SPORTS ASSOCIATION LIMITED
CONTENTS
Page
Roference and admlnlstratlve details of the charlty, Its trustees and adviserg
Trustees. report
Ind•pendent oxaminorfs roport
Statemont of flnanclal actlvltles
10
Balance Sheet
Notes to thg flnanclal statom•nts
13-24

LINDUM SPORTS ASSOCIATION LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trusttts
R J Bamford
E Wells-cole
S Grocott (resigned 24 July 2023)
A J M Maltby
J P Newlove
A F Perrin
C P Hoskins (resigned 17 April 2024)
B M Smith
D E Taylor
I C Jubbs (resigned 1 November 2023)
T Eaves (appointed 18 October 2023)
J Marshall (appointed 17 April 2024)
Company registered
number
00429169
Charity reglstered
number
521947
Registered office
St Giles Avenue
Lincoln
Lincolnshire
LN2 4PE
Company s￿retary
C P Hoskins
Accountants
streets LLP
Chartered Accountants
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
Banker8
National Westminster Bank PLC
225 High Street
Lincoln
LN2 1NZ
Page 1

LINDUM SPORTS ASSOCIATION LIMITED
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the charitable company
Lindum Sports Association Limited for the period 1 April 2023 to 31 March 2024. The Trustees confirm that the
Annual Report and financial statements of the company comply with the current statutory requiremenls, the
requirements of the company's governing document and the provisions of the Statement of Recommended
Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS 102).
Since the charitable compariy qualifies as small under section 383, the strategic report required of medium and
large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is
not required.
ObJectiv•s and Activities
. POLICIES AND OBJECTIVES
In setting objective5 and planning for activities, the Trustees have given due consideratlon to general guidance
published by the Charity Commission relating to public benefit.
The principal object of the charitable company is to provide or assist in providing facilities for the public benefit
for recreation or other leisure time occupation in or in connection with the City of Lincoln and elsewhere within
the County of Lincolnshire. The facilities are made available to all regardless of rank, gender, religion or politics,
usually by means of membership of associated clubs. Facilities include-
Outdoor - Hockey, Cricket and general outdoor sporting facilities
Indoor- Squash, Community Fitness Studio and social activities
Affiliated clubs are..
Lindum Cricket Club, Lindum Squash Club and Lindum Hockey Club.
Subsidiary objectives include:
Ensure that the facilities provided are of the highest possible quality.
Ensure that the facilities are kept up to date and in good order with a rolling programme for renewals,
replacements, repair and maintenance and when appropriate the introduction of new facilitie5,
Ensure that the Company operates on a sound flnancial footing and that financial viabilitylsustainability is
maintained.
Ensure that the Company evolves to meet the changing needs and aspirations of members and stakeholders.
Ensure that risk where possible is eliminated and where it is not it is properly managed.
Ensure that the Company is well led and is recognised as a leading provider in Lincoln and Lincolnshire.
Ensure that the Company is managed properly and effectively.
Ensure efficient use of resources.
Page 2

LINDUM SPORTS ASSOCIATION LIMITED
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
a. KEY FINANCIAL PERFORMANCE INDICATORS
The key financial performance indicator for the Trustees is generating sufficient income to maintain its charitable
aims and objectives.
b. REVIEW OF ACTIVITIES
During the year under review a new Licence to occupy was completed with Lincoln Minster School for a term of
twenty years (with either party having an option to break after ten years). This is a significant development. The
relationship with Lincoln Minster School is already mutually beneficial. Nevertheless the Directors￿ rustees aim
to reinforce and further strengthen that relationship over the months and years to come.
The Studio Roorn continues to be a valuable source of revenue.
The Squash Club continues to operate under the auspices of the Cornpany and during the year under revlew has
made satisfactory progress.
During the year under review the Affiliated Clubs organised two beer festival on Llndum Sports Association
premises and of course the fireworks. The profit was shared between Lindum Sports Association and the
Affiliated Clubs. The funds received were welcome and thanks go the Affiliated Clubs.
The cost of living situation and in particular energy costs continue to present significant challenges for the
financial operation of the Company. The new changing room boilers installed last year have had a beneficial
impact on costs and furthermore during the year under review LED lights have been installed around the
perimeter of the AGP resulting in cost savings. The Treasurer supported by the Finance Committee is alert to the
Importance of keeping costs under control and this aspect features front and central in Finance Committee
Meetings,
c. INVESTMENT POLICY AND PERFORMANCE
The stated 8im of the Charitable Company is to invest any surplus income in the continued maintenance of and
improvements to its property. The CoMpan￿S Articles do not allow investment in any other areas.
Financial review
a. GOING CONCERN
After making appropriate enquiries, the DirectorslTrustees have a reasonable expectation thal the charitable
company has adequate resources to conlinue in operational existence for the foreseeable future. For this reason
the Directorsrrrustees continue to adopt the going concern basis in preparing the financial statements.
Page 3

LINDUM SPORTS ASSOCIATION LIMITED
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2024
b. RESERVES POLICY
The Board is aware that the condition of the Clubhouse can only deteriorate over time. The Board has set aside
a sinking fund for future development of the clubhouse and other facilities. With the help of Lottery Funding
Agreement with Sport England and the Grant Agreement with England Hockey, the Directorsrrrustees are aware
of their obligations under this agreement to replace the AGP at the appropriate time and continue to set aside
such funds as are necessary to achieve this aim.
The further aim of the board is to build up a fund of £30,000 being about six months costs (less sinking funds
and dedicated funds) as a reserve. At 31st March 2024 the Charitable Company had total funds of £944,626, of
which £694,414 related to fixed assets.
c. PRINCIPAL FUNDING
Income during the year was some £317,811 from bar and catering recelpts, rental income, donations 8nd other
small Items. Expenditure was £288,647 giving rise to a surplus of £29,184.
Structure, governanco and management
a. CONSTITUTION
The charitable cornpany is registered as a members limited liability company.
The charitable company is constituted under a Memorandum of Association and is a registered company
number 429169. The charity number is 521947.
The charitable company was incorporated and commenced operations on 6 February 1947.
There have been no changes in the objectives since the last AGM.
There are 32.651 Ordinary Shares in issue of which 429 shares are Treasury Shares.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The Charitable Company is governed and managed by a Board of Trustees (Directors), elected andlor
nominated annually.
The Articles of Association allows for 8 (eight) elected DirectorslTrustees to be appointed (elected) by
shareholders at the Annual Meeting.
The Charitable Company under its Articles is able to offer a Board position to the constituent clubs to appoint a
member of their committeelboard as a Nominee DirectorlTrustee and this will be enshrined in their licen￿ to
occupy. These DirectorslTrustees are appointed by the affiliated clubs on an annual basis in accordance with
licences to occupy.
A further 2 (two) DirectorslTrustees can be co-opted.
The key management personnel are the Directorsrrrustees who are not remunerated.
The Governance Com mittee is presently working on a formal Policy for the Recruitment of Elected Directors.
Page 4

LINDUM SPORTS ASSOCIATION LIMITED
TRUSTEES, REPORT {contlnued)
FOR THE YEAR ENDED 31 MARCH 2024
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
New Drectorsrrrustees are m8de aware of their responsibilities for the affairs of the charity- All
DirectOrs￿rUsteeS are kept aware of the updates sent out by the Charity Commission which is now made easier
by the introduction of electronically transmitted information.
The IDirectorsTrustees place great emphasis on the DirectOts￿rUsteeS fulfilling their duties, in particular:
.the duty to promote the success of the Company
.the duty to exercise independent judgement
The importance of induction for, training for and compliance by Directorsrrrustees will be underpinned by a Code
of Conduct for Directors which is being developed by the Governance Committee. All Directorsff rustees will be
required to sign up to this Code of Conduct.
d. SUCCESSION
During the year under review we welcomed Julia Marshall to the Board. Julia is Head of the Eastg8te School in
Lincoln and brlngs considerable experience and expertise from her professional life which will undoubtedly
benefit the Lindum Sports Association.
Phillip Hoskins stepped down as a director during the year. but remains the Company Secretary.
The continuing Elected Directors￿ rustees are all long serving. The Board is satisfied that all the continuing
Elected DirectOrs￿rUsteeS have a contribution to make to the future of the Company. There are three vacancies
for Elected Directors￿ rustees and the Directors￿ rustees are anxious to fill these vacancies. Both from the point
of view of Governance and operations fresh blood, fresh ideas and innovation are Important,
e. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Charltable Company owns and maintains property at the address shown on page one. It has no other
nterests. The Board is responsible for the day to day running of the Associations property, playing field and club
house.
Responsibilities for leadership and management are divided as follows..
.Facilities
.FinancelAudit
.Governance
Facilltles: Responsibility for Facilities is deployed to one Directorrrrustee (the Facilities Director). The Facilities
Director is responsible for all aspects of facilities including overall strategy and forward planning, development,
administration of the Lindum Sports Club ensuring that clubhouse, changing rooms. bar and meeling rooms are
properly maintained and where possible improved and ensuring that the playing surfaces are fit for the sports
played and other uses as required. The Facilities Director provides a written report to each Board Meeting for the
purpose of providing colleagues with accountability and assurance.
FinancelAudit and Governance are led and managed by subcommittees each of which is chaired by an
Elected DirectorlTrustee.
FinancelAudit: Made up from three elected directors, Chairman, Vice Chairman and Treasurer. The committee
is responsible for ensuring that income and expenditure are maintained in sufficient balance to ensure the
continued viability of the Association. Quarterly management accounts are produced at each board meeting and
compared as variances from a full Income and Expenditure budget determined at the beginning of each year.
Page 5

LINDUM SPORTS ASSOCIATION LIMITED
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Governance: This committee is made up of Elected Directors and the Com pany Secretary who acts as Chair.
The committee is responsible for reviewing the overall govemance of the company, constitutional matters,
compliance and the creation and operation of licences to OCLUPY With affiliated clubs.
The Minutes of the FinancelAudit Subcommittee and the Governance Subcommittee are circulated to all
Directors￿ rustees for the purpose of providing accountability and assurance.
f. RISK MANAGEMENT
All significant actlvlties undertaken are subject to a risk review by use of a management matrix (rlsk register) on
an ongoing basis. Major rlsks are those which may have an effect on the operational performance of staff and
volunteers, and those affecting the members of the Associated Clubs.
The major risks have been identlfied as:
.Economic uncertaintyfflnanclal sustalnability
.The need for expenditure on the estate
.Loss of key people
.Changing habits and aspirations of members and stakeholder5 of affiliated clubs
.Decisions outside the control of the Company
The completion of the Licence to Occupy with Lincoln Minster School substantially reduces the risks for Lindum
Sports Association around economic uncertaintylfinancial sustainability.
For a significant number of years an important source of income has been from the provision of car parking for
visitors to the Lincoln Christmas Market. The Lincoln Christmas Market will again not take place in 2024.
Risk Management Is all important and as stated the management rnatrlx (rlsk regSster) is revSewed on an
ongoing basis as a matter of routine at each Board Meeting.
. CHARITY GOVERNANCE CODE
Please see:
www.charitygovernancecode.org
Sound governance enables the Lindum Sports Association to achieve its objectlv8s in a lawFul and compliant
manner. As one commentator said:
°With good governance there is an increased chance that you will be able to deliver what you say.,
The Code is a tool for continuous improvement. The Governance Committee are working through the Code with
a view to making recommendations to enable Lindum Sports Association to further improve efficiency and
effectiveness. The aim is to integrate relevant recommendations into the management matrix to provide a robust
management and risk regime for the future.
Furthermore LSA has received advice that funderslgrant making bodies are more and more looking at
compliance with the Charity Governance Code before making decisions on financial support.
Page 6

LINDUM SPORTS ASSOCIATION LIMITED
TRUSTEES, REPORT (contlnued)
FOR THE YEAR ENDED 31 MARCH 2024
Current and future period8
. CURRENT AND FUTURE DEVELOPMENTS
Major CAPEX in the future include..
.Replacement of the AGP
.Further works on the roof of the Clubhouse
.ReplacemenVrenewal of the perimeter fence
The Directorsrrrustees look to the future with cautious optimism and to reinforcing the hitheto mutually benetlcial
relationships with Lincoln Minster School, Lindum Cricket Club, Lincoln Hockey Club and colleagues within
Lindum Squash Club.
Shareholders are assured that TrusteeslDirectors will continue to lead and manage the Company with all proper
prudence and ensure that risks are identified and ellminated if at all possible, If risks cannot be eliminated the
Directorsfrrustees will ensure that the risks are carefully Tnanaged.
INFORMATION ON FUNDRAISING PRACTICES
As stated in last year's report, th8 Board and in particular the Finance Committee continues to look into revenue
Streams to give the Company long term stability for capital to be spent on keeping the infrastructure updated.
This includes collaboration with the Affiliated Clubs on large events such as the beer festivals and fireworks
referred to above and continuing the increase in the use of the Fitness Studio.
MEMBERSISHAREHOLDERS
The Directorsrrrustees are fully aware that operatlons would be Impossible without the supportlsponsorship of
the Memberslshareholders. All DirectOrs￿rUsteeS record appreciation for the help and support of
Memberslshareholders.
This report was approved by the Trustees. on 10 July 2024 and signed on their behalf by:
E Wells-cole
Chairman
Page 7

LINDUM SPORTS ASSOCIATION LIMITED
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LINDUM SPORTS ASSOCIATION LIMITED
(the 'charitable company.)
I report to the charity Trustees on my examination of the accounts of the charitable company for the year ended
31 March 2024.
This report is made solely to the charitable company's Trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. My work has been undertaken 50 that I might state to the
charitable companws Trustees those matters l am required to state to them in an Independent examinerfs report
and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's Trustees as a body. for my work or for
this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charitable company (and Its directors for the purposes of cornpany law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
(Yhe 2006 Act,).
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the
charitable company's accounts carried out under section 145 of the Charilies Act 2011 {'the 2011 Act,). In
carrying out my examination I have followed the Directions given by the Charity Commission under section
145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the charitable companvs gross income exceeded £250,000 your examiner must be a member of a body
Ilsted in section 145 of the 2011 Act. I confirm that l am qualrfied to undertake the examination because l am a
member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I can confirm that no matters have come to my attention in connection wth
the examination giving me cause to believe:
accounting records were not kept in respect of the charitable company as required by section 386 of the
2006 Act., or
the accounts do not accord with those records" or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination" or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to whiGh
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 8

LINDUM SPORTS ASSOCIATION LIMITED
INDEPENDENT EXAMINER'S REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Signed:
Dated.. 11 July 2024
ROBERT ANDERSON FCA
STREETS LLP
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
Page g

LINDUM SPORTS ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Restrlcted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM..
Voluntary income
Charitable activities
Investments
41,993
600
270,663
4,555
42,593
270,663
4,555
2,336
235,974
3,939
TOTAL INCOME
41,993
275,818
317,811
242,249
EXPENDITURE ON:
Charitable activities
5,6,7
29,547
259,100
288,647
248,309
TOTAL EXPENDITURE
29,547
259,100
288,647
248,309
NET INCOME I {EXPENDITURE) 8EFORE
TRANSFERS
Transfers between Funds
12,446
(39,883)
16,718
39,883
29,164
(6,060)
18
NET INCOME I (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
{27.437)
56,601
29,164
(6,060)
NET MOVEMENT IN FUNDS
(27,437)
56,601
29,164
(6.080)
RECONCILIATION OF FUNDS:
Total funds brought forward
351,921
563,541
915,462
921,522
TOTAL FUNDS CARRIED FORWARD
324,484
620,142
944,626
915,462
The notes on pages 13 10 24 form part of these financial statements.
Page 10

LINDUM SPORTS ASSOCIATION LIMITED
REGISTERED NUMBER: 00429169
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
694,414
693,634
13
4,084
12,947
316,041
4,240
22, 635
285,472
14
333,072
312.347
CREDITORS: amounts falling due within
one year
15
(62,860)
(70,519)
NET CURRENT ASSETS
270,212
241,828
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: amounts falling due after
more than one year
964,626
935,462
16
(20,000)
(20,000)
NET ASSETS
944,626
915,462
CHARITY FUNDS
Restricted funds
Unrestrided funds:
Share capital
Unrestricted funds
18
324,484
351,921
17
18
32,651
587,491
32,651
530, 890
Total unrestricted funds
620,142
563,541
SHAREHOLDERS. AND CHARITY'S
FUNDS
944,626
915,462
The charitable companls financial statements have been prepared in accordance with the provisions applicable
to companies subject to the small companies regime.
The Trustees consider that the charitable company is entitled to exemption from the requirement to have an
audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required
the charitable company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
wtth respect to accounting records and the preparation of financial statements.
Page11

LINDUM SPORTS ASSOCIATION LIMITED
BALANCE SHEET (contlnued)
AS AT 31 MARCH 2024
The financial statements vftre approved and authorised for issue by the Trustees on 10 July 2024 and signed on
their behalf, by:
Ne
ve
The
es on pages 13 to 24 form part of these financial statements.
Page 12

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
1.1 Basis of preparatlon of financlal statements
The financial statements have been prepared in accordance with AGcounting 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 (FRS
102), Charities SORP (FRS 102) and the Companies Act 2006.
Llndum Sports Association Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
1,2 Company status
The charitable company is limited by share capital.
The charitable companVs functional and presentational currency is pounds sterling.
1.3 Golng concern
The trustees assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the charity to continue as a going concern. The trustees make this assessment in respect of a period
of at least one year from the date of authorisation for issue of the financial statements.
The Trustees, Report sets out the actlons taken post year end in order to balance the charitys
finances and monitor their financial position. The trustees have concluded that the charity has
adequate resources to continue in operational existence for the forseeable future and there are no
material uncertainties about the charivs ability to continue as a going concern. Thus they continue to
adopt the going concern basis of accounting in preparing the financial statements.
1.4 Income
All income is recognised once the charitable company has entitlement to the income, it is probable
that the income will be received and the amount of income receivable can be measured reliably.
other incorne is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
Page 13

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES {contlnued)
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive ob5igation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classrfied by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not altributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the
charitable company, Governance costs are those incurred in Connection with administratlon of the
¢harltable company and compliance with constitutional and statutory requirements
Charitable activities and Governance costs are costs incurred on the charitable companls
operations, including support costs and costs relating to the governance of the charitable company
apportion8d to charitable activltles.
1.6 Tangible flxad assets and depreclatlon
All fixed assets are initially recorded at cost.
All assets costing more than £500 are capitalised.
A review for impairment of a fixed asset is carried out if events or chang8s in circumstances indicate
that the carrying value of Sny fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement of financial activities Incorporating income and expenditure
account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off
the cost of fixed assets. less their estimated residual value, over their expected useful lives on the
following bases..
Buildings
Plant & machinery
AGP and special projects
2 % straight line
25 % straight line
straight line belMeen 3 and 25 years
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charitable Gompany,. this is normally upon notification of the interest paid or payable by
the Bank.
1.8 Stocks
stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks.
Page 14

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.10 Cash at Bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a Short
maturlty of three months or less from the date of acquisltion or opening of the deposit or similar
account.
1.11 Llabilltles and provlsion8
Liabilities are recognised when there is an obligatlon at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the
charitable company anticipates it will pay to settle the debt or the amount it has received as
advanced payments for the goods or seNi￿S it must provide. Provisions are measured at the best
estimate of the amounts required to settle Ihe obligation.
1.12 Flnancial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as
basic financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value.
1.13 Govemment grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are
not recognised until there is reasonable assurance that the company will comply with the conditions
attaching to them and the grants will be received.
1.14 Fund accounting
General funds are unrestricted funds which are avallable for use at the discretion of the Trustees in
furtherance of the general objectives of the charitable company and which have not been designated
for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purpose5. The aim and use of each designated fund 15 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 charitable company 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.
Page 15

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
VOLUNTARY INCOME
Restrfcted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tot81
funds
2023
Donations
41,993
600
42,593
2,336
Total 2023
2,336
2,336
INCOME FROM CHARITABLE ACTIVITIES
Restrlcted Unrestrlctgd
funds
funds
2024
2024
Total
funds
2024
Tot81
funds
2023
Sports facilities and club house
270,663
270,663
235.974
Tot812023
235.974
235.974
INVESTMENT INCOME
Restricted Unr•strlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Bank Interest R8ceivable
4,555
4,555
3,939
4,555
4,555
3,939
Total 2023
3,939
3.939
Page 16

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PAARCH 2024
DIRECT COSTS
Sports
Facilities Club House
Total
2024
Total
2023
Groundsman fees
Repairs and Maintenance
Turf, Grass Seed & Fertiliser
Bar & Catering Purchases
Insurances & Licences
Bank Charges
Squash Club Costs
Wages and salaries
Depreciation
9,000
9,752
954
9.000
9.752
954
43,808
9,496
2,338
17,445
47,055
63,131
9,000
10.246
1,113
45, 646
7,692
3,183
43,808
9,496
2,338
17.445
47,055
23,173
43,870
57,836
39,958
77,109
125,870
202,979
q78,586
Total 2023
60,012
118,574
178,586
SUPPORT COSTS
Sports
Facilities Club House
Total
2024
Total
2023
Repairs and Maintenance
Water rate5
Bookkeeping
Subscriptions
Sundry Expenses
Statlonery & Postage
Telephone
Cleaning
Interest on loans
Rates
Light & heat
Wages and salaries
12,814
12,814
2,088
933
4,278
1,704
761
754
5,812
8,488
3,449
582
2,964
3,972
649
701
4,092
600
1,459
25.856
14,781
2,088
280
4,278
1,704
761
754
5,812
600
653
37.073
14,602
653
37.073
14,602
8.350
73,722
82,072
67,573
Total 2023
10,560
57,013
67,5T3
Page17

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
GOVERNANCE COSTS
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
fvnds
2023
Independent ExaminerlAudit Fees
Legal fees
2,022
1,574
2,022
1,574
2.073
77
3,596
3,596
2.150
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Dopreciation Other costs
2024
2024
2024
Total
2024
Total
2023
Sports Facilities
Club House
39,958
23,173
45,501
114,762
85,459
199,592
70,572
175.587
81,657
Charitable activities
61,657
63,131
160,263
285,051
246.159
Expendlture on
governance
3,S96
3,596
2,150
61,657
63,131
163,859
288.647
248,309
Total 2023
58,651
57,836
131,822
248,309
NET INCOMEI(EXPENDITURE)
This is stated after charging..
2024
2023
Depreciation of tangible fixed assets:
owned by the charitable company
Auditors, remuneration - audit
63,131
57,836
2,073
The Trustees have not received or obtained any remuneration or other financial benefits for the year
directly or indirectly frotn the charitable Gompanvs funds.
10. AUDITORS. REMUNERATION
The Independent Examiner's remuneration amounts to an Independent Examination fee of £2,015 (2023-
Page 18

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. STAFF COSTS
staff cosls were as follows.
2024
2023
Wages and salaries
61,657
58,651
The average number of persons employed by the charitable company during the year was as follows:
2024
2023
Total employees
No employee received rernuneration amounting to more than £60,000 In either year.
12. TANGIBLE FIXED ASSETS
AGP and
special
projects
Freehold
property
Plant &
machinery
Total
Cost
At 1 April 2023
Additions
Transfer between classes
295,708
237,314
1,600
11,030
830,035
62,311
(11,030)
1.363,057
63.911
At 31 March 2024
295,708
249,944
881,316
1,426,968
Depreciation
At 1 April 2023
Charge for the year
134,970
6,380
198,096
10,411
336,357
46,340
669,423
63,131
At 31 March 2024
141,350
208,507
382,697
732.554
Net book value
Al 31 March 2024
154,358
41,437
498,619
694,414
At 31 March 2023
160, 738
39,218
493,678
693.634
Included in freehold property is land at cost of £3,434 which is not depreciated.
Charges exist against the property in relation to the potential clawback of monies received from England
Hockey and English Sports CounGII.
At 31 March 2024 the charitable company had capital commitments to complete the new cricket nets of
£35,447.
Page19

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. STOCKS
2024
2023
Goods for resale
4,084
4,240
14. DEBTORS
2024
2023
Trade debtors
Prepayments and accrued income
3.453
9,494
8,354
14,281
12.947
22.635
15.
CREDITORS: Amounts falling duo withln on• year
2024
2023
Other loans
Trade creditors
Other taxation and social security
Accruals and deferred income
50,000
5.208
567
7,085
50, 000
10,003
5.045
5.471
62,860
70,519
Deferred income
Deferred income at 1 April 2023
Resources deferred during the year
Amounts released from previous years
4,438
5.280
(4.438)
Deferred income at 31 March 2024
5,280
Deferred income represents invoices for the use of facilities raised in advance.
16. CREDITORS: Amounts falllng due after more than one year
2024
2023
Other loans
20.000
20,000
A Trustee made a loan to the charitable company of £30,000. During the previous years £10.000 was
repaid leaving a balance of £20,000. The loan is unsecured and carries interest at 3fJ/o per annum which
has been waived by the Trustee as a donation to the charity.
Page 20

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. SHARE CAPITAL
2024
2023
Allotted. called up and fully paid
32,651 Ordinary Shares of £1 each
32,651
32,651
18. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31 March
2024
Balance at
1 April 2023
Transfers
inlout
Income Expendlturo
Designated fund8
AGP Fund
General Sinking Fund
Loan Repayment Fund
Cricket Club
180,000
33,447
50.000
700
(17,500)
4,750
162,500
38,197
50,000
(700)
264,147
(13,450)
250,697
General funds
General funds
Share capital
266,743
32,651
275,818
{259,100)
53,333
336,794
32,651
299,394
275,818
(259,100)
53,333
369,445
Total Unrestricted funds
563,541
275,818
(259,100)
39,883
620,142
Restricted funds
Restricted AGP fund
R Dimbleby Legacy
Square Strips Fund
Sight Screen Fund
Three Lane Nets Fund
351,421
500
(29.547)
321,874
2,610
2,110
3,960
4,230
31,693
{3,960)
(4,230)
(31,693)
351,921
41,993
(29,547)
(39,883)
324,484
Total of funds
915.462
317,811
(288,647)
944,626
Page 21

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. STATEMENT OF FUNDS (contlnued)
STATEMENT OF FUNDS- PRIOR YEAR
Balance 8t
31 M8fGh
2023
Balance at
l April 2022
Transfers
in/out
Income Expenditure
Deslgnated funds
AGP Fund
General Sinking Fund
Squash Club
Loan Repayment Fund
Cricket Club
160.000
34.450
2.197
34,000
700
20,000
(1,003)
(2, 197)
16,000
180,000
33,447
50,000
700
231,347
32,800
264, 147
General funds
General funds
Share capital
276,056
32,651
242,249
(218. 762)
(32,800)
266, 743
32,651
Total Unrestricted funds
540,054
242,249
(218, 762)
563,541
Restrict￿ funds
Restricted AGP fund
Air conditioning
380,968
500
(29,547)
351,421
500
381.468
(29,547)
351,921
Total of funds
921,522
242,249
(248,309)
915,462
SUMMARY OF FUNDS- CURRENT YEAR
Balance at
31 March
2024
Balancè at
1 April 2023
Transfers
Inlout
Income Expenditure
Designated funds
General funds
264,147
299,394
{13,450)
250.697
369.445
275.818
(259.100)
563,541
351,921
275.818
41,993
(259,100)
{29,547)
39,883
(39,883)
620,142
324,484
Restricted funds
915,462
317,811
(288,647)
944.626
Page 22

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. STATEMENT OF FUNDS (continued)
SUMMARY OF FUNDS- PRIOR YEAR
Balance at
31 March
2023
Balance 8t
l April 2022
Transfers
in/oul
InGome Expenditure
Deslgnated funds
General funds
231,347
308. 707
32,80Q
(32,800)
264, 147
299,394
242,249
(218, 762)
540,054
381,468
242,249
(218. 762)
(29.547)
563,54q
351,921
Restricted funds
921,522
242,249
(248,309)
915,462
The designated AGP fund represents money set aside for future refurbishment and repair work per the original
agreement with Sport England and England Hockey.
The designated general sinking fund represents money set aside for the future development of the clubhouse
and other facilities.
The designated loan repayment fund represents money set aside for future loan repayments.
The restricted AGP fund represents fixed assets purchased by restricted grant funding.
The other restricted funds represent money received or set aside for specific future improvements.
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
R•strlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
321,874
2,610
372.540
330,462
(62.860)
(20,000)
694,414
333,072
(62,860)
(20,000)
324,484
620,142
944,626
Page 23

LINDUM SPORTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Restricted Unrestricted
funds
fvnds
2023
2023
Total
fijnds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
351,421
500
342,213
311,847
(70,519)
(20,000)
893,634
312,347
(70,519)
(20,000)
351,921
583,541
915,462
20. RELATED PARTY TRANSACTIONS
The charitable company is controlled by its Trustees.
There have been no transactions or balances that are required to be disclosed under FRS 102 other than
as disclosed in notes 9 and 16.
Page 24