Sports Partnership Herefordshire And Wor - Limited company accounts 17.3

REGISTERED NUMBER: 08822764 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31st March 2017

for

Sports Partnership Herefordshire And

Worcestershire

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

Ms F B Howie

J H W Teal

Dr S M Hart

J J O'Toole

Mrs D J Strutt

J H Walton

Ms R Widdowson

SECRETARY:

S L Brewster

REGISTERED OFFICE:

c/o University of Worcester

Hines Building

Henwick Grove

Worcester

Worcestershire

WR2 6AJ

REGISTERED NUMBER:

08822764 (England and Wales)

AUDITORS:

Richards Sandy Partnership Ltd (Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

The directors present their report with the financial statements of the company for the year ended 31st March 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the promotion and development of sport and

physical activity.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2016 to the date of this report.

Ms F B Howie

J H W Teal

J H Walton

Other changes in directors holding office are as follows:

M T Donovan - resigned 25th November 2016

Dr S M Hart - appointed 6th June 2016

J J O'Toole - appointed 20th September 2016

Mrs D J Strutt - appointed 20th September 2016

Ms R Widdowson - appointed 20th September 2016

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act

2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to

have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that

the company's auditors are aware of that information.

AUDITORS

The auditors, Richards Sandy Partnership Ltd (Statutory Auditor), will be proposed for re-appointment at the

forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

J H W Teal - Director

18th December 2017

We have audited the financial statements of Sports Partnership Herefordshire And Worcestershire for the year ended

31st March 2017 on pages four to seven. The financial reporting framework that has been applied in their preparation is

applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),

including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland'.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those

matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's

members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give

reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or

error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances

and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates

made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and

non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial

statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent

with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material

misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st March 2017 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit, the information given in the Report of the

Directors for the financial year for which the financial statements are prepared is consistent with the financial

statements, and has been prepared in accordance with applicable legal requirements. In the light of the knowledge and

understanding of the company and its environment, we have not identified any material misstatements in the Report of

the Directors.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you

if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Nick Sandy FCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Partnership Ltd (Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

18th December 2017

TURNOVER

942,656

866,600

Cost of sales

435,320

359,056

GROSS PROFIT

507,336

507,544

Administrative expenses

481,111

356,616

OPERATING PROFIT

4

26,225

150,928

Interest receivable and similar income

169

-

26,394

150,928

Interest payable and similar expenses

14

-

PROFIT BEFORE TAXATION

26,380

150,928

Tax on profit

140

507

PROFIT FOR THE FINANCIAL YEAR

26,240

150,421

FIXED ASSETS

Tangible assets

5

2,241

555

CURRENT ASSETS

Debtors

6

63,186

7,324

Cash at bank

751,242

814,178

814,428

821,502

CREDITORS

Amounts falling due within one year

7

240,008

271,636

NET CURRENT ASSETS

574,420

549,866

TOTAL ASSETS LESS CURRENT LIABILITIES

576,661

550,421

CREDITORS

Amounts falling due after more than one year

8

400,000

400,000

NET ASSETS

176,661

150,421

RESERVES

Retained earnings

176,661

150,421

176,661

150,421

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18th December 2017 and were signed on its behalf by:

J H W Teal - Director

1.	STATUTORY INFORMATION

Sports Partnership Herefordshire And Worcestershire is a private company, limited by guarantee , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average monthly number of employees during the year was 13 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.1.15

Year Ended

to

31.3.17

31.3.16

£

£

Depreciation - owned assets

891

180

Auditors' remuneration

1,800

-

Pension costs

29,252

21,815

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2016

491

244

735

Additions

909

1,668

2,577

At 31st March 2017

1,400

1,912

3,312

DEPRECIATION

At 1st April 2016

99

81

180

Charge for year

260

631

891

At 31st March 2017

359

712

1,071

NET BOOK VALUE

At 31st March 2017

1,041

1,200

2,241

At 31st March 2016

392

163

555

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,122

5,829

Prepayments and accrued income

58,064

1,495

63,186

7,324

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

28,480

424

Tax

140

507

Other creditors

990

-

Deferred income

183,648

266,820

Accrued expenses

26,750

3,885

240,008

271,636

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Accruals and deferred income

400,000

400,000

9.	COMPANY STRUCTURE

Sports Partnership Herefordshire & Worcestershire is private, limited by guarantee and does not have

authorised or issued share capital.