Registered Charity Number: 523579
Report of the Trustees and Financial Statements for the Year Ended 30 June 2021 For Shaw Cross Club for Young People
Shaw Cross for Young People Contents of Financial Statements for Year Ended 30 June 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent examiners report | 2 |
| Statement of Financial activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 - 8 |
| Income and Expenditure account | 9 |
Shaw Cross Club for Young People Report of the Trustees for the Year Ended 30 June 2021
The trustees present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting 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) (effective 1 January 2015).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
523579
Principal address
975 Leeds Road Woodkirk Dewsbury West Yorkshire
Trustees
Mr. D M Hird BEM Mr. D Ellis Mr. M Turner Mr. B Turner Mr. P Burton Mr. G Parker
Approved by order of the board of trustees on 19th July 2021 and signed by:
Mr. B Turner – Trustee
Page 1
Shaw Cross Club for Young People
Independent Examiner’s Statement on the Unaudited Accounts for Shaw Cross for Young People
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below, in connection with Covid-19) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Covid-19
During the trading year Covid-19 lock down occurred, resulting in the club unable to trade on a regular basis, this has continued into the subsequent trading year. The club has taken the opportunity to apply for and receive a number of grants which has enable to club to be in a strong position to be able to fully open once the Covid-19 lock downs are lifted. These have been included in other income within the accounts.
Bounce Bank Loan
During the current year the club obtained a bounce bank loan to the value of £50,000 in order to give financial stability through the Covid-19 lock downs. The loan becomes repayable from September 2021. As at the 30 June 2021 the club has sufficient funds to repay the load in full should it wish to do so.
Lisa Waugh FCCA Castleford
19[th] July 2021
Page 2
Shaw Cross Club for Young People Statement of Financial Activities For the Year ended 30 June 2021
| Notes Income From Other trading activities 2 Expenditure on Raising Funds Other NET INCOME / (EXPENDITURE) Total funds brought forward Deposit account adjustment TOTAL FUNDS CARRIED FORWARD |
30/06/21 £ Total Funds 118,753 118,753 30,672 78,331 109,003 9,750 68,418 78,168 |
30/06/20 £ Total Funds 123,699 |
|---|---|---|
| 123,699 68,699 72,189 |
||
| 140,888 | ||
| (17,189) 85,607 |
||
| 68,418 |
The notes form part of these financial statement
Page 3
Shaw Cross Club for Young People Balance Sheet At 30 June 2021
| 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 10 Unrestricted funds Total Funds |
30/06/21 £ Total Funds 55,179 2,256 14,380 58,815 75,451 (52,462) 22,989 78,168 78,168 78,168 78,168 |
30/06/20 £ Total Funds 59,598 0 0 10,949 |
|---|---|---|
| 10,949 (2,219) |
||
| 8,820 | ||
| 68,418 | ||
| 68,418 | ||
| 68,418 | ||
| 68,418 |
The notes form part of these financial statement
Page 4
Shaw Cross Club for Young People Notes to the Financial Statements for the Year Ended 30 June 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting 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) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 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.
Freehold Property - 5% Straight Line Fixtures and fittings -15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
Shaw Cross Club for Young People Notes of the Financial Statements for the Year Ended 30 June 2021 - continued
2. OTHER TRADING ACTIVITIES
| Bar Sales Sundry Income Non-Trading Activities Restricted Funds Total Income |
30/06/21 £ 9,972 108,781 118,753 0 118,753 |
30/06/20 £ 82,086 41,613 |
|---|---|---|
| 123,699 0 |
||
| 123,699 |
3.TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
4.STAFF COSTS
The average monthly number of employees during the year was as follows:
| 30/06/21 | 30/06/20 | |
|---|---|---|
| Staff | 0 | 0 |
No employees received emoluments in excess of £60,000
Page 6
Shaw Cross Club for Young People Notes of the Financial Statements for the Year Ended 30 June 2021 - continued
5.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Income From Other trading activities Expenditure on Raising Funds Other Total NET INCOME / (EXPENDITURE) Total funds brought forward Deposit account adjustment TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 123,699 |
|---|---|
| 123,699 68,699 72,189 |
|
| 140,888 | |
| (17,189) 85,607 0 |
|
| 68,418 |
Page 7
Shaw Cross Club for Young People Notes of the Financial Statements for the Year Ended 30 June 2021 - continued
3. TANGIBLE FIXED ASSETS
| Cost At 1 July 2020 Additions At 30 June 2021 Depreciation At 1 July 2020 Additions At 30 June 2021 Net Book Value At 30 June 2021 At 30 June 2020 |
Freehold Property Fixtures & Fittings Total £ £ £ 67,968 54,226 122,294 0 0 0 |
|---|---|
| 67,968 54,226 122,297 |
|
| 21,088 41,508 57,841 2,511 1,908 4,419 |
|
| 23,599 43,416 62,260 |
|
| 44,369 10,810 55,179 |
|
| 46,880 12,718 59,598 |
4. STOCKS
| 30/06/21 £ Stocks 2,256 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30/06/21 £ Other Debtors 14,380 Total 14,380 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30/06/21 £ Trade Creditors 1,578 Taxation and social security 377 Other Creditors 507 Bank Loan 50,000 Total **52,462 ** |
30/06/20 £ 0 |
|---|---|
| 30/06/20 £ 0 |
|
| 0 | |
| 30/06/20 £ 1,253 0 876 0 |
|
| 2,219 |
Page 8
Shaw Cross Club for Young People Notes of the Financial Statements for the Year Ended 30 June 2021 - continued
7. MOVEMENT IN FUNDS
| General Fund Total Funds Net movement in funds, included in the above are as follows General Fund Total Funds Comparatives for movement in funds Unrestricted fund General Fund Comparative net movement in funds, included in the above are as follows General Fund Total Funds |
01/07/20 £ 68,418 68,418 Incoming resources £ 118,753 118,753 01/07/19 £ 85,607 85,607 Incoming resources £ 123,699 123,699 |
Net movement in funds £ 9,750 9,750 Resources expended £ (109,003) (109,003) Net movement in funds £ (17,189) (17,189) Resources expended £ (140,888) (140,888) |
30/06/21 £ 78,168 |
|---|---|---|---|
| 78,168 | |||
| Movement in funds £ 9,750 |
|||
| 9,750 | |||
| 30/06/20 £ 68,418 |
|||
| 68,418 | |||
| Movement in funds £ (17,189) |
|||
| (17,189) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
Page 8
Shaw Cross Club for Young People Detailed Statement of Financial Activities
For the year ended 30 June 2021
| Income Bar Income Sundry Income Grants Total Income Cost of Sales Opening Stock Purchases Rugby Kits Closing Stock Total Cost of Sales Expenses Wages Rent Rates & Water Insurance Light & Heat Postage & Stationery Telephone Sundries Cleaning and Waste Disposal Stock taker Repairs and maintenance Bank Charges Depreciation Total resources expended Net (expenditure)/income |
30/06/21 £ 9,972 108,781 118,753 0 9,481 23,447 (2,256) 30,672 6,511 923 3,117 6,305 645 2,088 (46) 54,370 4,419 109,003 9,750 |
30/06/20 £ 82,086 41,613 0 |
|---|---|---|
| 123,699 | ||
| 4,320 39,769 24,580 0 |
||
| 68,669 29,860 0 5,149 2,964 9,628 20 458 4,238 4,211 90 10,730 116 4,755 |
||
| 140,888 | ||
| (17,189) |
This page does not form part of the statutory financial statements