St Just&District Commnty Sports Assc Ltd - Charities report - 20.1.6

REGISTERED COMPANY NUMBER: 04363173 (England and Wales)

REGISTERED CHARITY NUMBER: 1094476

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

ST. JUST & DISTRICT COMMUNITY SPORTS

ASSOCIATION LTD

(LIMITED BY GUARANTEE)

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

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 2020. 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 leisure time

occupation for the benefit of the community of St Just and the surrounding district.

During the year the charity has continued to promote the St Just Sports Centre for the benefit of sport facility users in

the local community, and has succeeded in increasing its use. Refurbishment has continued, and plans are being

considered to provide additional space for existing and alternative activities.

We review our 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

Suitable individuals are identified by the trustees on the basis of their skills and knowledge and invited to become

trustees.New trustees are introduced to the charity's workings by existing trustees when appointed. They are informed of

their duties as trustees and are provided with information about the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04363173 (England and Wales)

Registered Charity number

1094476

Registered office

Cape Cornwall Road

St Just

Penzance

Cornwall

TR19 7JX

Trustees

A Maund Director

D C Stevens Trustee

Mrs C S Chalwin Trustee (resigned 29/5/2019)

Ms J Lamb Maternity Nurse

R J Saynor Retired

F M Tucker Director (appointed 29/5/2019)

Company Secretary

Mrs D J Stevens

Independent Examiner

Greenwood Wilson

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

Approved by order of the board of trustees on 11 August 2020 and signed on its behalf by:

D C Stevens - Trustee

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 2020.

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

11 August 2020

2020

2019

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

2,003

-

2,003

4,028

Charitable activities

5

Provision of sports facilities

47,399

-

47,399

44,764

Other trading activities

3

1,916

-

1,916

671

Investment income

4

454

-

454

-

Other income

9,537

-

9,537

8,243

Total

61,309

-

61,309

57,706

EXPENDITURE ON

Charitable activities

Provision of sports facilities

56,428

5,726

62,154

62,185

NET INCOME/(EXPENDITURE)

4,881

(5,726

)

(845

)

(4,479

)

RECONCILIATION OF FUNDS

Total funds brought forward

33,783

56,936

90,719

95,198

TOTAL FUNDS CARRIED FORWARD

38,664

51,210

89,874

90,719

2020

2019

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

2,936

50,410

53,346

60,694

CURRENT ASSETS

Stocks

11

45

-

45

45

Debtors

12

5,543

-

5,543

6,907

Cash at bank and in hand

32,647

800

33,447

25,074

38,235

800

39,035

32,026

CREDITORS

Amounts falling due within one year

13

(2,507

)

-

(2,507

)

(2,001

)

NET CURRENT ASSETS

35,728

800

36,528

30,025

TOTAL ASSETS LESS CURRENT LIABILITIES

38,664

51,210

89,874

90,719

NET ASSETS

38,664

51,210

89,874

90,719

FUNDS

14

Unrestricted funds

38,664

33,783

Restricted funds

51,210

56,936

TOTAL FUNDS

89,874

90,719

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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.

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 11 August 2020 and were signed on its behalf by:

D C Stevens - Trustee

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

-

5% on cost

Other equipment

-

at varying rates on cost

Computer equipment

-

Straight line over 3 years

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.

2.	DONATIONS AND LEGACIES

2020

2019

£

£

Donations

3

28

Grants

2,000

4,000

2,003

4,028

Grants received, included in the above, are as follows:

2020

2019

£

£

St Just Town Council

2,000

4,000

3.	OTHER TRADING ACTIVITIES

2020

2019

£

£

Fundraising events

1,281

444

Sponsorships

100

100

Merchandise

230

-

Vending machine

305

127

1,916

671

4.	INVESTMENT INCOME

2020

2019

£

£

Deposit account interest

454

-

5.	INCOME FROM CHARITABLE ACTIVITIES

2020

2019

Activity

£

£

Recreational fees

Provision of sports facilities

27,802

27,005

Gym Membership fees

Provision of sports facilities

12,511

10,610

Cape Cornwall Secondary School

Provision of sports facilities

7,086

7,149

47,399

44,764

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Depreciation - owned assets

7,348

7,697

Surplus on disposal of fixed assets

(50

)

-

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2020 nor for the year ended

31 January 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2020 nor for the year ended

31 January 2019.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2020

2019

Staff

3

3

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,028

-

4,028

Charitable activities

Provision of sports facilities

44,764

-

44,764

Other trading activities

671

-

671

Other income

8,243

-

8,243

Total

57,706

-

57,706

EXPENDITURE ON

Charitable activities

Provision of sports facilities

56,485

5,700

62,185

NET INCOME/(EXPENDITURE)

1,221

(5,700

)

(4,479

)

RECONCILIATION OF FUNDS

Total funds brought forward

32,562

62,636

95,198

TOTAL FUNDS CARRIED FORWARD

33,783

56,936

90,719

10.	TANGIBLE FIXED ASSETS

Solar

panel

Other

Computer

equipment

equipment

equipment

Totals

£

£

£

£

COST

At 1 February 2019

111,130

53,560

861

165,551

Disposals

-

(757

)

-

(757

)

At 31 January 2020

111,130

52,803

861

164,794

DEPRECIATION

At 1 February 2019

55,566

48,430

861

104,857

Charge for year

5,556

1,792

-

7,348

Eliminated on disposal

-

(757

)

-

(757

)

At 31 January 2020

61,122

49,465

861

111,448

NET BOOK VALUE

At 31 January 2020

50,008

3,338

-

53,346

At 31 January 2019

55,564

5,130

-

60,694

11.

STOCKS

2020

2019

£

£

Stocks

45

45

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

2,189

289

Prepayments and accrued income

3,354

6,618

5,543

6,907

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,592

1,087

Social security and other taxes

189

200

Accrued expenses

726

714

2,507

2,001

14.	MOVEMENT IN FUNDS

Net

movement

At

At 1/2/19

in funds

31/1/20

£

£

£

Unrestricted funds

General fund

33,783

4,881

38,664

Restricted funds

Capital fund

56,936

(5,726

)

51,210

TOTAL FUNDS

90,719

(845

)

89,874

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

61,309

(56,428

)

4,881

Restricted funds

Capital fund

-

(5,726

)

(5,726

)

TOTAL FUNDS

61,309

(62,154

)

(845

)

Comparatives for movement in funds

Net

movement

At

At 1/2/18

in funds

31/1/19

£

£

£

Unrestricted funds

General fund

32,562

1,221

33,783

Restricted funds

Capital fund

62,636

(5,700

)

56,936

TOTAL FUNDS

95,198

(4,479

)

90,719

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

57,706

(56,485

)

1,221

Restricted funds

Capital fund

-

(5,700

)

(5,700

)

TOTAL FUNDS

57,706

(62,185

)

(4,479

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1/2/18

in funds

31/1/20

£

£

£

Unrestricted funds

General fund

32,562

6,102

38,664

Restricted funds

Capital fund

62,636

(11,426

)

51,210

TOTAL FUNDS

95,198

(5,324

)

89,874

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

119,015

(112,913

)

6,102

Restricted funds

Capital fund

-

(11,426

)

(11,426

)

TOTAL FUNDS

119,015

(124,339

)

(5,324

)

15.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2020.