St Just&District Commnty Sports Assc Ltd - Charities report - 22.2

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 2023

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 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

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

F M Tucker Director

S A Shawcross Trustee (resigned 22/5/2023)

N C Taylor Trustee

K A Casley Retired (resigned 26/7/2022)

Ms M J Faulkner Trustee (appointed 25/1/2023)

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 16 June 2023 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 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

2023

2022

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

5

-

5

151

Charitable activities

5

Provision of sports facilities

47,031

-

47,031

57,406

Other trading activities

3

45

-

45

60

Investment income

4

9

-

9

40

Other income

9,880

-

9,880

8,706

Total

56,970

-

56,970

66,363

EXPENDITURE ON

Charitable activities

Provision of sports facilities

72,014

5,613

77,627

54,908

NET INCOME/(EXPENDITURE)

(15,044

)

(5,613

)

(20,657

)

11,455

RECONCILIATION OF FUNDS

Total funds brought forward

62,755

39,921

102,676

91,221

TOTAL FUNDS CARRIED FORWARD

47,711

34,308

82,019

102,676

2023

2022

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

60

33,508

33,568

39,201

CURRENT ASSETS

Stocks

11

45

-

45

45

Debtors

12

5,591

-

5,591

4,545

Cash at bank and in hand

43,521

800

44,321

61,606

49,157

800

49,957

66,196

CREDITORS

Amounts falling due within one year

13

(1,506

)

-

(1,506

)

(2,721

)

NET CURRENT ASSETS

47,651

800

48,451

63,475

TOTAL ASSETS LESS CURRENT LIABILITIES

47,711

34,308

82,019

102,676

NET ASSETS

47,711

34,308

82,019

102,676

FUNDS

14

Unrestricted funds

47,711

62,755

Restricted funds

34,308

39,921

TOTAL FUNDS

82,019

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.

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 16 June 2023 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

2023

2022

£

£

Donations

5

151

3.	OTHER TRADING ACTIVITIES

2023

2022

£

£

Merchandise

15

33

Vending machine

30

27

45

60

4.	INVESTMENT INCOME

2023

2022

£

£

Deposit account interest

9

40

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

47,031

57,406

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

5,633

7,055

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

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

151

-

151

Charitable activities

Provision of sports facilities

57,406

-

57,406

Other trading activities

60

-

60

Investment income

40

-

40

Other income

8,706

-

8,706

Total

66,363

-

66,363

EXPENDITURE ON

Charitable activities

Provision of sports facilities

49,312

5,596

54,908

NET INCOME/(EXPENDITURE)

17,051

(5,596

)

11,455

RECONCILIATION OF FUNDS

Total funds brought forward

45,704

45,517

91,221

TOTAL FUNDS CARRIED FORWARD

62,755

39,921

102,676

10.	TANGIBLE FIXED ASSETS

Solar

panel

Other

Computer

equipment

equipment

equipment

Totals

£

£

£

£

COST

At 1 February 2022 and 31 January 2023

111,130

52,803

861

164,794

DEPRECIATION

At 1 February 2022

72,235

52,497

861

125,593

Charge for year

5,557

76

-

5,633

At 31 January 2023

77,792

52,573

861

131,226

NET BOOK VALUE

At 31 January 2023

33,338

230

-

33,568

At 31 January 2022

38,895

306

-

39,201

11.

STOCKS

2023

2022

£

£

Stocks

45

45

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,138

640

Other debtors

-

29

Prepayments and accrued income

4,453

3,876

5,591

4,545

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

566

1,830

Social security and other taxes

78

141

Accrued expenses

862

750

1,506

2,721

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

102,676

(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

56,970

(77,627

)

(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

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

)

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.