Accounts filed on 31-03-2023

LYNN ATHLETIC CLUB LIMITED - Company Information


Registered number: 05003832
Charity number: 1102668




LYNN ATHLETIC CLUB LIMITED


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31/03/2023























Prepared By:
Viola Services Ltd
High Treasures
Four Elms
Edenbridge
Kent
TN8 6NE


LYNN ATHLETIC CLUB LIMITED


FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/03/2023





TRUSTEES
Keith Alexander WALTERS OBE
Terry PEARSON



SECRETARY
Terry PEARSON


REGISTERED OFFICE
1 Bromley Lane
Chislehurst
Kent
BR7 6LH


COMPANY NUMBER
05003832

CHARITY NUMBER
1102668



ACCOUNTANTS
Viola Services Ltd
High Treasures
Four Elms
Edenbridge
Kent
TN8 6NE


ACCOUNTS
FOR THE YEAR ENDED 31/03/2023



CONTENTS



		Page

Report of the Trustees		3

Independent Examiner's Statement		4


Accountant's Report		6

Statement of Financial Activities		7

Balance Sheet		8

Notes to the Accounts		9 to 12

Detailed Statement of Financial Activities		11


FOR THEYEARENDED31/03/2023

TRUSTEES' REPORT



The trustees present their report and accounts for theyearended31/03/2023

PRINCIPAL ACTIVITIES

The principal activity of the charity in theyearunder review wasproviding facilities for boxing, keep fit and general fitness.

STRUCTURE GOVERNANCE AND MANAGEMENT


















The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on17/01/2024




Keith Alexander WALTERS OBE
Trustee


INDEPENDENT EXAMINER'S STATEMENT

FOR THEYEARENDED31/03/2023


INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFLYNN ATHLETIC CLUB LIMITED

I report on the accounts of the company for theyearended31/03/2023.


RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.


BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.


INDEPENDENT EXAMINER'S STATEMENT

FOR THEYEARENDED31/03/2023


INDEPENDENT EXAMINERS 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 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
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





...................................................

Date: 17/01/2024


Viola Services Ltd
High Treasures
Four Elms
Edenbridge
Kent
TN8 6NE


ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF LYNN ATHLETIC CLUB LIMITED, FOR THE YEAR ENDED 31/03/2023



In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of LYNN ATHLETIC CLUB LIMITED for the year ended 31/03/2023 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.

As a practising member of the , we are subject to its ethical and other professional requirements which are detailed on their website.

This report is made solely to the Board of Directors of LYNN ATHLETIC CLUB LIMITED, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of LYNN ATHLETIC CLUB LIMITED and state those matters that we have agreed to state to the Board of Directors of LYNN ATHLETIC CLUB LIMITED, as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LYNN ATHLETIC CLUB LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that LYNN ATHLETIC CLUB LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of LYNN ATHLETIC CLUB LIMITED. You consider that LYNN ATHLETIC CLUB LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of LYNN ATHLETIC CLUB LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Viola Services Ltd
High Treasures
Four Elms
Edenbridge
Kent
TN8 6NE

17/01/2024


Statement of Financial Activities
for the year ended31/03/2023

			2023	2022
	Unrestricted funds	Restricted funds	Total	Total
	£	£	£	£

Income
Income from generated funds
Income from Investments	22	-	22	15
Income from charitable activities	7,577	-	7,577	4,300
Total Income and endowments	7,599	-	7,599	4,315
Expenses
Costs of generating funds
Expenditure on Raised funds	9,573	-	9,573	9,873
Total Expenses	9,573	-	9,573	9,873
Net gains on investments
Net Income	(1,974)	-	(1,974)	(5,558)

Gains/(losses) on revaluation of fixed assests
Net movement in funds:
Net income for the year	(1,974)	-	(1,974)	(5,558)
Total funds brought forward	31,918	-	31,918	37,476
Net funds carried forward	29,944	-	29,944	31,918

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities


BALANCE SHEET AT 31/03/2023

			2023		2022
	Notes		£		£


CURRENT ASSETS
Debtors (amounts falling due within one year)	3	1,450		1,480
Cash at bank and in hand		29,544		31,488
		30,994		32,968
CREDITORS: Amounts falling due within one year	4	1,050		1,050
NET CURRENT ASSETS			29,944		31,918
TOTAL ASSETS LESS CURRENT LIABILITIES			29,944		31,918

CAPITAL AND RESERVES

Unrestricted funds	6
General fund			29,944		31,918
			29,944		31,918

For the year ending 31/03/2023 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of trustees on 17/01/2024 and signed on their behalf by



.............................
Keith Alexander WALTERS OBE
Trustee


NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.


1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.


1c. Resources Expended
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.


1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.


1e. 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.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.


1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.


2. EMPLOYEES

	2023	2022
	No.	No.
Average number of employees	2	2


3. DEBTORS	2023	2022
	£	£

Amounts falling due within one year:
Trade debtors	1,450	1,480
	1,450	1,480


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
Other creditors	1,050	1,050
	1,050	1,050


5. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31/03/2023 there were members.


6. UNRESTRICTED FUNDS


	Brought forward	Incoming resources	Outgoing resources	Transfers	Carried forward
	£	£	£	£	£
General fund	31,918	7,599	(9,573)	-	29,944
	31,918	7,599	(9,573)	-	29,944


7. RESTRICTED FUNDS


	Brought forward	Incoming resources	Outgoing resources	Transfers	Carried forward
	£	£	£	£	£


Incoming Resources
for the year ended31/03/2023

		2023		2022

		£		£

Incoming resources
Incoming resources from generated funds
		22		15
Charitable Activity
From Charitable Activities 1	7,577		4,300
		7,577		4,300

		7,577		4,300
		7,599		4,315


Expenses
for the year ended31/03/2023

	2023	2022

	£	£

Expenses
Costs of generating funds
Fundraising Trading Costs
Costs Of Generating Funds Fundraising Trading Costs 1	9,223	9,523
Costs Of Generating Funds Fundraising Trading Costs 2	350	350
	9,573	9,873

	9,573	9,873
	9,573	9,873