Eastbourne Saffrons SportsClub Trust Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02657832 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

EASTBOURNE SAFFRONS SPORTS CLUB TRUST

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Wadman

R S Myall

REGISTERED OFFICE:

The Saffrons

Compton Place Road

Eastbourne

East Sussex

BN21 1EA

REGISTERED NUMBER:

02657832 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

CURRENT ASSETS

Debtors

4

6,865

6,634

Cash at bank

65,697

45,925

72,562

52,559

CREDITORS

Amounts falling due within one year

5

42,867

28,557

NET CURRENT ASSETS

29,695

24,002

TOTAL ASSETS LESS CURRENT LIABILITIES

29,695

24,002

UNRESTRICTED FUNDS

Income and expenditure account

6

29,695

24,002

29,695

24,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which 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 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 company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 May 2018 and were signed on its behalf by:

C A Wadman - Director

1.	STATUTORY INFORMATION

Eastbourne Saffrons Sports Club Trust Limited 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.

The company is a charity registered with The Charity Commission for England and Wales (Registered number

1005890).

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

lease.

Recognition of income

Income is recorded in the Income Statement when the charity becomes entitled to the resources, it is more likely

than not that the trustees will receive the resources and the monetary value can be measured with sufficient

reliability. Grants and donations are only included in the Income Statement when the general income recognition

criteria are met.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 3 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

2,465

6,634

Other debtors

4,400

-

6,865

6,634

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

13

-

Other creditors

42,854

28,557

42,867

28,557

6.	UNRESTRICTED FUNDS

CHARITY FUNDS

31.12.17

31.12.16

Unrestricted

Unrestricted

funds

funds

£

£

Income and expenditure account:

Fund balance brought forward

24,002

21,943

Income

95,435

75,071

Expenditure

(89,742

)

(73,012

)

Fund balance carried forward

29,695

24,002

7.	LIMITED BY GUARANTEE

The company is limited by guarantee and therefore does not have a share capital. In the event that the company is

wound up, each member of the company is liable to contribute an amount not exceeding £1. At the balance sheet

date the number of members was 79.