REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 13 |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD (REGISTERED NUMBER: 04363173) |
(LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 JANUARY 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. 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 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The object of the charity is to provide or assist in the provision of facilities for the recreation or other physical leisure time activities for the benefit of the community of St Just and the surrounding district. |
The charity has continued to promote the centre for Sports use including football, cricket, badminton, basketball and to continue with updating of the Gym in order to improve its offering to the community, along with fitness class opportunities throughout the week. Usage of the centre has risen and the charity continues to review grant possibilities and new initiatives. |
We review or aims, objectives and activities at least once each year to look at what we have achieved in the previous 12 months. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to aims and objectives they have set. |
FINANCIAL REVIEW |
Reserves policy |
The trustees aim to create sufficient reserves to ensure the charity can meet the repair and maintenance of the sports centre and any future development. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
Promotion is done to recruit members of the charity who then nominate and vote for trustees from that membership or elsewhere on the basis of their skills and knowledge. New trustees are informed of their duties and are provided with information about the charity. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD (REGISTERED NUMBER: 04363173) |
(LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 JANUARY 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Company Secretary |
Independent Examiner |
Greenwood Wilson |
The Old School |
The Stennack |
St Ives |
Cornwall |
TR26 1QU |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
Independent examiner's report to the trustees of St. Just & District Community Sports Association Ltd ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the 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 your charity's accounts as carried out under Section 145 of the Charities 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 |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | 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 fair view which is not a matter considered as part of an independent examination; or |
4. | 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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Mr P Brotheridge |
Greenwood Wilson |
The Old School |
The Stennack |
St Ives |
Cornwall |
TR26 1QU |
16 June 2023 |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 JANUARY 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 102,676 |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD (REGISTERED NUMBER: 04363173) |
(LIMITED BY GUARANTEE) |
BALANCE SHEET |
31 JANUARY 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Stocks | 11 |
Debtors | 12 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds | 62,755 |
Restricted funds | 39,921 |
TOTAL FUNDS | 102,676 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD (REGISTERED NUMBER: 04363173) |
(LIMITED BY GUARANTEE) |
BALANCE SHEET - continued |
31 JANUARY 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. 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. |
Solar panel equipment | - |
Other equipment | - |
Computer equipment | - |
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 corporation 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. |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
3. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Merchandise | 15 | 33 |
Vending machine | 30 | 27 |
4. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Deposit account interest |
5. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Recreational fees | Provision of sports facilities | 24,352 | 15,561 |
Gym Membership fees | Provision of sports facilities | 12,431 | 8,425 |
Grants | Provision of sports facilities | 10,248 | 33,420 |
Grants received, included in the above, are as follows: |
2023 | 2022 |
£ | £ |
Cornwall County Council | 10,248 | 3,190 |
CJRS government claims | - | 4,837 |
Local Restrictions Support Grant | - | 23,089 |
Cooperative Local Community Support Grant | - | 2,304 |
10,248 | 33,420 |
6. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
7. | TRUSTEES' REMUNERATION AND BENEFITS |
None of the trustees received payment in the year or previous year in connection with their duties as a trustee. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022. |
8. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Staff |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 45,704 | 45,517 |
TOTAL FUNDS CARRIED FORWARD | 62,755 | 39,921 | 102,676 |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
10. | TANGIBLE FIXED ASSETS |
Solar |
panel | Other | Computer |
equipment | equipment | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2022 and 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
11. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Social security and other taxes |
Accrued expenses |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
14. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/2/22 | in funds | 31/1/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 62,755 | (15,044 | ) | 47,711 |
Restricted funds |
Capital fund | 39,921 | (5,613 | ) | 34,308 |
TOTAL FUNDS | (20,657 | ) | 82,019 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 56,970 | (72,014 | ) | (15,044 | ) |
Restricted funds |
Capital fund | - | (5,613 | ) | (5,613 | ) |
TOTAL FUNDS | ( |
) | (20,657 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1/2/21 | in funds | 31/1/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 45,704 | 17,051 | 62,755 |
Restricted funds |
Capital fund | 45,517 | (5,596 | ) | 39,921 |
TOTAL FUNDS | 91,221 | 11,455 | 102,676 |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
14. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 66,363 | (49,312 | ) | 17,051 |
Restricted funds |
Capital fund | - | (5,596 | ) | (5,596 | ) |
TOTAL FUNDS | 66,363 | (54,908 | ) | 11,455 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/2/21 | in funds | 31/1/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 45,704 | 2,007 | 47,711 |
Restricted funds |
Capital fund | 45,517 | (11,209 | ) | 34,308 |
TOTAL FUNDS | 91,221 | (9,202 | ) | 82,019 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 123,333 | (121,326 | ) | 2,007 |
Restricted funds |
Capital fund | - | (11,209 | ) | (11,209 | ) |
TOTAL FUNDS | 123,333 | (132,535 | ) | (9,202 | ) |
ST. JUST & DISTRICT COMMUNITY SPORTS |
ASSOCIATION LTD |
(LIMITED BY GUARANTEE) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
15. | RELATED PARTY DISCLOSURES |
Bookkeeping costs of £3,186 (2022: £1,938) were supplied by Pras Goth Limited, a company with common directors D C Stevens and Mrs D J Stevens. |