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Wasp Community Club
Charity No. SC041924
Company No. SC380009 Trustees’ Report and Unaudited Accounts 31 July 2025
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Wasp Community Club Contents
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|'|Pages|
|Trustees’|Annual|Report|-|2to3|
|Independent|Examiner's|Report|4|
|Statement|of|Financial|Activities|5|
|Summary|Income|and|Expenditure|Account|6|
|Balance|Sheet|7|
|Statement|of|Cash|flows|8|
|Notes|to|the|Accounts|9to|16|
|Detailed Statement|of Financial Activities|17 to 19|
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Page 1
Wasp Community Club
Trustees Annual Report
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The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2025.
The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102).
REFERENCE AND ADMINISTRATIVE DETAILS
Company No, SC380009
Charity No. $C041924
Registered Office
Wasp Community Club
Clackmannan Road
Alloa
FK10 1RY
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
A. Brown
E. Cameron (Resigned 1 June 2025)
C. Matchett
A.D. McAlpine
J.G. OMalley R, Stark
Accountants
Philip Bald Accountancy
3B Ormiston Terrace
Edinburgh
EH12 7SJ
OBJECTIVES AND ACTIVITIES
Wasp Community Club is a charity registered in Scotland which aims to develop sporting opportunities for all in Clackmannanshire. The club has links with Alloa Athletic Footbail Club, but is an entirely separate, independent organisation run by its own board of Trustees elected by its members.
We have referred to the guidance contained in the OSCR general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ACHIEVEMENTS AND PERFORMANCE
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Wasp Community Club
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Trustees Annual Report
The club mainly focuses on providing opportunities for all to play, coach and support football. The club adopts a positive coaching philosophy. Whilst winning is important it is also vital that as a club we teach young people character building life skills, including leadership, handling adversity, teamwork, persistence and compassion through sport which will equip them for the future.
The club also provides opportunities through other activities such as Basketball, Gymnastics, Cheerleading and Dance
FINANCIAL REVIEW
The year resulted in a loss of £9,283 (2024 - Loss £42,891). The major source of funding were grants | weeklyamounting and toannual £211,186fees (2024 amounted - £142,498)to £30,313 and donations(2024 - £41,903) amountingand income to £16,643 from (2024renting - £5,985).out the Inclub's addition | facilities of £88,933 (2024 - £88,712). The total income was £353,028 (2024 - £285,627}. The principal items of expenditure were incurred in maintaining and leasing the facilities £155,682 (2024 - £118,489). Wages | costs amounted to £137,936 (2024 - £88,048). The total expenditure on the charitable activity was £362,311 (2024 - £328,518). The Club has net liabilities of £66,980. It is currently operating with a surplus to date. The balance on the loan from the Energy Savings Trust is £29,969. The Trustees have been given a letter of comfort from the principal creditor, The Mulraney Group who have confirmed they will accept payment E terms for the sums due to them that will ensure the charity has sufficient funds to continue meeting its I : obligations. PLANS FOR FUTURE PERIODS | The Trustees will continue to look for opportunities to widen participation in sport by providing an increasing range of activities. During the year a refit of the Hive has been undertaken funded by a grant of £49,800. The | grant was fully expended on the project. This has improved the facilities and the Trustees expect an increase | in the Clubs income. STRUCTURE, GOVERNANCE AND MANAGEMENT Wasp Community Club is a company limited by guarantee and is a Scottish Registered Charity. The company | is run by Trustees who are also all directors. The day to day management is carried out by the Trustees. The Trustees are appointed by the vote of the members. I | The Trustees Trustees are responsible for keeping proper accounting accounting records that that disclose with reasonable accuracy | any time the financial position of the charity and to enable them to ensure that the financial statements time the financial position of the charity and to enable them to ensure that the financial statements the financial position of the charity and to enable them to ensure that the financial statements financial position of the charity and to enable them to ensure that the financial statements position of the charity and to enable them to ensure that the financial statements the charity and to enable them to ensure that the financial statements charity and to enable them to ensure that the financial statements and to enable them to ensure that the financial statements to enable them to ensure that the financial statements enable them to ensure that the financial statements them to ensure that the financial statements to ensure that the financial statements ensure that the financial statements that the financial statements the financial statements financial statements statements
The Trustees Trustees are responsible for keeping proper accounting accounting records that that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements time the financial position of the charity and to enable them to ensure that the financial statements the financial position of the charity and to enable them to ensure that the financial statements financial position of the charity and to enable them to ensure that the financial statements position of the charity and to enable them to ensure that the financial statements the charity and to enable them to ensure that the financial statements charity and to enable them to ensure that the financial statements and to enable them to ensure that the financial statements to enable them to ensure that the financial statements enable them to ensure that the financial statements them to ensure that the financial statements to ensure that the financial statements ensure that the financial statements that the financial statements the financial statements financial statements statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board A. Brown 0 2 Crown, Trustee 06 April 2026
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Wasp Community Club
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independent Examiners Report
Independent Examiner's Report to the trustees of Wasp Community Club
| report on the financial statements of Wasp Community Club for the year ended 31 July 2025 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
The charity's gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member of FCCA.
Basis of independent examiner's report
My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
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| 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 44(1) (a) of the 2005 Act and Regulation 4 of | the 2006 Accounts Regulations | * to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
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| 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.
Philip Bald FCCA
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Philip Bald Accountancy 3B Ormiston Terrace
Edinburgh EH12 7SJ
06 April 2026
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Wasp Community Club
Statement of Financial Activities
for the year ended 31 July 2025
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|Unrestricted|Restricted|
|funds|funds|Totalfunds|Total|funds|
|2025|2025|2025|2024|
|Notes|£|£|£|£|
|Income|and|endowments|
|from:|
|Donations|and|legacies|4|16,643|-|16,643|5,985|
|Charitable|activities|5|33,426|-|33,426|47,932|
|Other|6|253,159|49,800|302,959|231,710|
|Total|303,228|49,800|353,028|285,627|
|Expenditure|on:|
|Raising funds|7|2,028|-|2,028|2,285|
|Charitable|activities|8|48,827|-|48,827|100,080|
|Other|i]|261,656|49,800|311,456|226,153|
|Total|312,511|49,800|362,311|328,518|
|Net|gains|on|investments|-|-|-|-|
|Net expenditure|10|(9,283)|-|(9,283)|(42,891)|
|Transfers|between|funds|-|-|-|-|
|Net expenditure|before other|
|;|(9,283)|-|(9,283)|(42,891)|
|gains/|(losses)|
|Other gains|and|losses|-|-|-|-|
|Net movement|in funds|(9,283)|-|(9,283)|(42,891)|
|Reconciliation|of funds:|
|Total|funds|brought forward|(57,697)|-|(57,697)|(14,806}|
|Total funds carried forward|(66,980)|le-|(66,980)|(57,697)|
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Wasp Community Club Summary Income and Expenditure Account for the year ended 31 July 2025
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|2025|2024|
|£|£|
|income|353,028|285,627|
|Gross income for the year|353,028|285,627|
|Expenditure|362,311|315,680|
|Depreciation|and|charges|for|
|impairment|of fixed|assets|-|12,838|
|Total|expenditure|for the year|362,311|328,518|
|Net|expenditure|before tax for the year|(9,283)|(42,891)|
|Net expenditure|for the year|(9,283)|(42,891)|
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Wasp Community Club
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Balance Sheet
| at 31 July2025 | |||
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| CompanyNo, SC380009 |
Notes | 2025 | 2024 |
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 12 | ~ | - |
| Current assets | |||
| Debtors | 13 | 18,688 | 9,112 |
| Cash at bankand in hand | 3,534 | 83,523 | |
| 22,222 | 92,635 | ||
| Creditors:Amount falling due within one year | 14 | (62,233) | (117,724) |
| Net current liabilities | (40,011) | (25,089) | |
| Total assets less current liabilities | (40,011) | (25,089) | |
| Creditors:Amounts fallingdue after more than oneyear | 15 | (26,969) | (32,608) |
| Net liabilities excluding pension asset or liability | (66,980) | (57,697) | |
| Total net liabilities | (66,980) | (57,697) | |
| Thefunds ofthe charity | |||
| Restricted funds | 16 | ||
| Unrestricted funds | 16 | ||
| Generalfunds | (66,980) | (57,697) | |
| (66,980) | (57,697) | ||
| Reserves | 16 | ||
| Totalfunds | (66,980) | (57,697} |
The trustees have prepared the accounts in accordance with section 44 of the Charities and Trustee investment {Scotland} Act 2005 and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 06 April 2026
And signed on its behaif by:
A. Brown
Trustee 06 April 2026
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Wasp Community Club Statement of Cash flows
for the year ended 31 July 2025
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| 2025 | 2024 | |
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| £ | £ | |
| Cashflowsfrom operating activities | ||
| Netexpenditure perStatementofFinancial Activities | (9,283) | (42,891) |
| Adjustments for: | ||
| Dividends, interest and rentsfrom investments | (302,959) | (231,710) |
| {Increase)/Decrease in trade and otherreceivables | (9,576) | 5,595 |
| (Decrease)/Increase in trade and other payables | (55,491) | 82,834 |
| Netcash used in operating activities | (377,309) | (173,334) |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 302,959 | 231,710 |
| Net cash from investing activities | 302,959 | 231,710 |
| Cash flows from financing activities | ||
| Repaymentof borrowings | (5,639) | (5,638) |
| Net cash used infinancing activities | (5,639) | (5,638) |
| Net (decrease)/increase in cashand cash equivalents | (79,989) | 52,738 |
| Cash and cash equivalents atthe beginning ofthe year | 83,523 | 30,785 |
| Cashandcashequivalents attheend oftheyear | oe 3,534 |
—__ 83,523 |
| Componentsofcashandcashequivalents | ||
| Cash and bank balances | 3,534 | 83,523 |
| 3,534 | 83,523 |
Page 8
| Wasp Community Club Notes to the Accounts
for the year ended 31 July 2025
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1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
| Fund accounting | |
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| Unrestricted funds | These are available for use atthe discretion ofthe trustees in furtherance ofthe |
| general objects ofthe charity. | |
| Designated funds | These are unrestricted funds earmarked bythe trustees for particular purposes. |
| Revaluation funds | These are unrestricted funds which include a revaluation reserve representing the |
| restatement of investment assets at their market values. | |
| Restricted funds | These are available for usesubject to restrictions imposed by the donor or through |
| terms ofan appeal. | |
| Income | |
| Recognition of | Income is included in the Statement of Financial Activities (SoFA) when the charity |
| income | becomes entitled to, and virtually certain to receive, the income and the amount of |
| the income can be measured with sufficient reliability. | |
| income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SoFA. |
| Donations and | Voluntary income received byway ofgrants, donations and gifts is included in the |
| legacies | theSoFAwhen receivable and onlywhen the Charity has unconditional |
| entitlement to the income. | |
| Tax reclaims on | Incomefrom tax reclaims is included in the SoFA at the same time as the |
| donations and gifts | _gift/donation towhich it relates. |
| Donated services | These are only included in income (with an equivalentamount in expenditure) |
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable and |
| material. | |
| Volunteer help | The value ofanyvolunteer help received is not included in the accounts. |
| Investment income | This is included in the accounts when receivable. |
| Gains/(losses) on | This includes any gain or loss resulting from revaluing investments to marketvalue |
| revaluation offixed | atthe end ofthe year. |
| assets | |
| Gains/(losses) on | This includes any gain or loss on the sale ofinvestments. |
| investmentassets |
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Wasp Community Club
Notes to the Accounts
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|Expenditure|
|Recognition|of|Expenditure|is|recognised|on|an|accruals|basis.|Expenditure|includes|any VAT which|
|expenditure|cannot|be|fully|recovered,|and|is|reported|as|part|of the|expenditure|to|which|it|
|relates.|
|Expenditure|on|These|comprise|the|costs|associated|with|attracting voluntary|income,|fundraising|
|raising funds|trading|costs|and|investment|management|costs.|
|:|Expenditure|on|These comprise the|costs|incurred|by the Charity|in the|delivery|of|its|activities|and|
|||charitable|activities|services|in|the furtherance|of|its|objects,|including the|making|of|grants|and|
|governance|costs.|
|Grants|payable|All|grant|expenditure|is|accounted|for on|an|actual|paid|basis|plus|an|accrual|for|
|grants that|have|been|approved|by|the|trustees|at the|end|of the|year|but|not|yet|
|paid.|
|Governance|costs|_‘These|include those|costs|associated|with|meeting the|constitutional|and|statutory|
|requirements|of the|Charity,|including|any audit/independent|examination|fees,|
|costs|linked|to the|strategic|management|of the|Charity,|together with|a|share|of|
|other|administration|costs.|
|Other expenditure|| These|are|support|costs|not|allocated|to|a|particular|activity.|
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Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. Ail gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. » in the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. in the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
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Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for nay trade discounts due.
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Wasp Community Club
Notes to the Accounts
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
- 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
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Wasp Community Club
: Notes to the Accounts | 3 Statement of of Financial Activities
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3 Statement of of Financial Activities - prior year
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Total funds | ||||
| 2024 | 2024 | ||||
| £ | £ | ||||
| Income and endowments from: | |||||
| Donations and | legacies | 5,985 | 5,985 | ||
| Charitable activities | 47,932 | 47,932 | |||
| Other | 231,710 | 231,710 | |||
| Total | 285,627 | 285,627. | |||
| Expenditure on: | |||||
| Raising funds | 2,285 | 2,285 | |||
| Charitable activities | 100,080 | 100,080 | |||
| Other | 226,153 | 226,153 | |||
| Total | 328,518 | 328,518 | |||
| Netincome | income | (42,891). | ~~ (42,891) | ||
| vineitinees) | other | (42,891) | (42,891) | ||
| Othergains and losses: | |||||
| Netmovement | movement infunds | (42,891) | (42,891) | ||
| Reconciliation offunds: | |||||
| Total funds broughtforward | (14,806) | (14,806) | |||
| Total funds carried forward | (57,697) | (57,697) | |||
| 4 | Incomefrom donations and legacies | ||||
| Unrestricted | Total | Total | |||
| 2025 | 2024 | ||||
| £ | £ | £ | |||
| Donations | 16,643 | 16,643 | 5,985 | ||
| 16,643 | 16,643 | 5,985 | |||
| 5 | Income from charitable activities | ||||
| Unrestricted | Total | Total | |||
| 2025 | 2024 | ||||
| £ | £ | £ | |||
| Weekly fees | 30,313 | 30,313 | 41,903 | ||
| Footballcamp | 3,113 | 3,113 | 6,029 | ||
| 33,426 | 33,426 | 47,932 |
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Notes to the Accounts
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Wasp Community Club
6 Other income
| 6 | Other income | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Grants | 161,386 | 49,800 | 211,186 | 142,498 | |
| Rentalofsports facilities | 88,933 | 88,933 | 88,712 | ||
| Miscellaneous income | - | - | - | 500 | |
| The Hive Hire | 2,840 | - | 2,840 | - | |
| 253,159 | 49,800 | 302,959 | ~—«231,710 | ||
| 7 | Expenditure on raising funds | ||||
| Unrestricted | Total | Total | |||
| 2025 | 2024 | ||||
| £ | £ | £ | |||
| Fundraising trading costs | |||||
| Parties | 2,028 | 2,028 | 2,285 | ||
| 2,028 | 2,028 | 2,285 | |||
| 8 | Expenditure on charitable activities | ||||
| Unrestricted | Total | Total | |||
| 2025 | 2024 | ||||
| £ | £ | £ | |||
| Expenditure on charitable | |||||
| activities Weeklyfees |
. | 133 | |||
| Footballcamp Matchand otheractivities |
39 44,185 |
39 44,185 |
783 98,000 |
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| Coaching expenses Governancecosts |
3,439 | 3,439 | - | ||
| Independent Examiner | 1,164 48,827 |
1,164 48,827. |
1,164 100,080 |
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Wasp Community Club
Notes to the Accounts
9 Other expenditure
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| 9 | Other expenditure | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | ||
| Donations | - | - | . | 450 | |
| Marketing | 7,584 | - | 7,584 | 1,294 | |
| Hive refitting | - | 43,340 | 43,340 | . | |
| Employee costs | 131,476 | 6,460 | 137,936 | 88,048 | |
| Motorand travel costs | 3,989 | - | 3,989 | - | |
| Premises costs | 112,342 | - | 112,342 | 118,489 | |
| Amortisation, depreciation, | |||||
| impairment, profit/loss on | - | - | - | 12,838 | |
| disposal offixed assets | |||||
| General administrative costs | 5,861 | - | 5,861 | 5,034 | |
| Legal and professional costs | 404 | - | 404 | - | |
| 261,656 | 49,800 | 311,456 | 226,153 | ||
| 10 | Net expenditure before transfers | 2025 | 2024 | ||
| This is stated after charging: | £ | £ | |||
| Depreciation ofowned fixed assets | - | 12,838 | |||
| 11 | Staff costs | ||||
| 2025 | 2024 | ||||
| Salariesandwages Socialsecurity costs Pensioncosts Noemployee receivedemoluments inexcessof£60,000. |
131,671 1,661 1,773 135,105 |
79,867 - 947 80,814 |
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| 12 | Tangible fixed assets | ||||
| Costorrevaluation | |||||
| At 1August 2024 | 29,233 | 29,233 | |||
| At31July 2025 Depreciationand |
29,233 | 29,233 OO |
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| impairment | |||||
| At 1August 2024 | 29,233 | 29,233 | |||
| At31July2025 | 29,233 | 29,233 | |||
| Netbook values | |||||
| At 31July 2025 | - | - | |||
| At31July2024 | : | : |
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Page 14
Notes to the Accounts
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Wasp Community Club
13 Debtors
| 13 | Debtors | |||||||
|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Trade debtors | 7,002 | 8,232 | ||||||
| Other debtors | 1,688 | - | ||||||
| Prepayments and accrued | income | 9,998 | 880 | |||||
| 18,688 | 9,112 | |||||||
| 14 | Creditors: | |||||||
| amounts falling due within one | year | |||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Trade creditors | 44,418 | 43,086 | ||||||
| Othertaxes and social security | 1,706 | 982 | ||||||
| Othercreditors | 13,545 | 12,487 | ||||||
| Accruals | 2,564 | 1,200 | ||||||
| Deferred income | - | 59,969 | ||||||
| 62,233 | 117,724 | |||||||
| 15 | Creditors: | |||||||
| amounts falling due after more | than one year | |||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Other loans | 26,969 | 32,608 | ||||||
| 26,969 | 32,608 | |||||||
| 16 | Movement in funds | |||||||
| Incoming | ||||||||
| At | 1 August | resources . . (including other |
Resources expended |
Gross transfers |
At31July 2025 |
|||
| 2024 _ gains/losses) | ||||||||
| £ | £ | £ | £ | |||||
| Restricted funds: | ||||||||
| Restricted income funds: | ||||||||
| National Lottery | - | 49,800 | (49,800) | - | - | |||
| Total | - | 49,800 | (49,800) | - | - | |||
| Unrestricted funds: | ||||||||
| General funds | (57,697) | 303,228 | (312,511) | - | (66,980) | |||
| Totalfunds | (57,697) | 353,028 | (362,311) | - | (66,980) | |||
| Purposes and restrictions in relation to the funds: | ||||||||
| Restricted funds: | ||||||||
| NationalLottery | YouthClub |
Page 15
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Wasp Community Club
Notes to the Accounts
17 Analysis of net assets between funds
Unrestricted 7: funds Total | ?Net current assets (40,011) (40,011) | Creditors due in more than one year and : . (26,969) (26,969) | provisions (66,980) (66,980)
18 Reconciliation of net debt
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|At|1|August|At|31|July|
|2024|Cash|flows|2025|
|£|£|£|
|Cash|and|cash|equivalents|83,523|(79,989)|3,534|
|83,523|(79,989)|3,534|
|Borrowings|(32,608)|5,639|(26,969)|
|(32,608)|5,639|(26,969)|
|Net|Debt|50,915|(74,350)|(23,435)|
----- End of picture text -----
19 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2025|2024|2024|
|||Land and|Land|and|
|||buildings—|Other|buildings|Other|
|||
|7Operating|leases|with|expiry|date:|
|||Pension commitments|
|2025|2024|
|£|£|
|The|pension|cost|charge|to the|company|
|amounted|to:|1,773|947|
----- End of picture text -----
20 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 16
:
Wasp Community Club
Detailed Statement of Financial Activities
for the year ended 31 July 2025
| Unrestricte | Restricted | |||
|---|---|---|---|---|
| d funds | funds | Totalfunds | Total funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations and legacies | ||||
| Donations | 16,643 | - | 16,643 | 5,985 |
| 16,643 | - | 16,643 | 5,985 | |
| Charitable activities | ||||
| Weeklyfees | 30,313 | - | 30,313 | 41,903 |
| Football camp | 3,113 | - | 3,113 | 6,029 |
| 33,426 | - | 33,426 | 47,932 | |
| Other | ||||
| Grants | 161,386 | 49,800 | 211,186 | 142,498 |
| Rental ofsports facilities | 88,933 | - | 88,933 | 88,712 |
| Miscellaneous income | - | - | - | 500 |
| The Hive Hire | 2,840 | - | 2,840 | - |
| 253,159 | 49,800 | 302,959 | 231,710 | |
| Total income and endowments | 303,228 | 49,800 | 353,028 | 285,627 |
| Expenditure on: | ||||
| Costs of othertrading activities | ||||
| Parties | 2,028 | - | 2,028 | 2,285 |
| 2,028 | - | 2,028 | 2,285 | |
| otalofexpenditure on raising funds |
2,028 | 2,028 | 2,285 | |
| Charitable activities | ||||
| Weeklyfees | - | - | - | 133 |
| Football camp | 39 | - | 39 | 783 |
| Match and other activities | 44,185 | - | 44,185 | 98,000 |
| Coaching expenses | 3,439 | - | 3,439 | - |
| 47,663 | - | 47,663 | 98,916 | |
| Governance costs | ||||
| Independent Examiner | 1,164 | - | 1,164 | 1,164 |
| 1,164 | - | 1,164 | 1,164 | |
| Total ofexpenditure on charitable on activities |
48,827 | - | 48,827 | 100,080 |
| Other expenditure | ||||
| Donations | - | - | - | 450 |
| Marketing | 7,584 | - | 7,584 | 1,294 |
| Hive refitting | - | 43,340 | 43,340 | - |
| 7,584 | 43,340 | 50,924 | 1,744 | |
| Employee costs | ||||
| Salaries/wages | 125,211 | 6,460 | 131,671 | 79,867 |
Page 17
: , | | | | | |
: |
‘
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Wasp Community Club
| Wasp Community Club | |||||
|---|---|---|---|---|---|
| Detailed Statement of Financial Activities | |||||
| Employer's NIC | 1,661 | - | 1,661 | - | |
| Pension costs | 1,773 | - | 1,773 | 947 | |
| Stafftraining | 420 | - | 420 | 3,082 | |
| Staffwelfare | 2,411 | - | 2,411 | 4,152 | |
| 131,476 | 6,460 | 137,936 | 88,048 | ||
| Motor and travel costs | |||||
| Vehicles - Leasingand hire costs | 1,960 | - | 1,960 | - | |
| Vehicles - Repairs and , maintenance |
1,967 | - | 1,967 | - | |
| Travel and subsistence | 62 | - | 62 | - | |
| 3,989 | - | 3,989 | - | ||
| Premises costs | |||||
| Rent | 89,355 | - | 89,355 | 91,548 | |
| Rates | 10,574 | - | 10,574 | 8,818 | |
| Light, heatand power | 10,994 | - | 10,994 | 7,946 | |
| Premises cleaning | 1,419 | - | 1,419 | 382 | |
| Premises insurances | - | - | - | 2,322 | |
| Premises repairs and | - | - | - | 6,870 | |
| maintenance | |||||
| Otherpremises costs | - | - | - | 603 | |
| 112,342 | - | 112,342 | 118,489 | ||
| General administrative costs, | |||||
| includingdepreciation and | |||||
| amortisation | |||||
| Depreciation of | - | - | - | 12,838 | |
| Bad debts | 405 | - | 405 | - | |
| Bank charges | 2,800 | - | 2,800 | 3,697 | |
| Equipment leasing and hire changes |
: | : | : | 389 | |
| General insurances | 830 | - | 830 | 725 | |
| Stationery and printing | 224 | - | 224 | 157 | |
| Telephone, fax and broadband | 1,602 | - | 1,602 | 66 | |
| 5,861 | - | 5,861 | 17,872 | ||
| Legal and professional costs | |||||
| Other legaland professional | 404 | ; | 404 | ; | |
| costs | |||||
| — | 404= | =40 | |||
| Total ofexpenditure ofothercosts | 261,656 | 49,300 | 311,456 | 226,153 | |
| Total expenditure | 312,511 | 49,800 | 362,311 | 328,518 | |
| Net gains on investments | - | - | - | - | |
| Netexpenditure | (9,283) | : | (9,283) | (42,891) | |
| Netexpenditurebefore other gains/(losses) |
(9,283) | ; | (9,283) | (42,891) | |
| OtherGains | - | - | - | - |
Page 18
| ;
Wasp Community Club
Detailed Statement of Financial Activities
| Netmovement infunds | (9,283) | - | (9,283) | (42,891) |
|---|---|---|---|---|
| Reconciliation offunds: | ||||
| Total funds broughtforward | (57,697) | - | (57,697) | (14,806) |
| Totalfundscarriedforward | (66,980) | - | (66,980} | (57,697) |
Page 19