REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 30 March 2023 |
for |
Five Alive Community And Leisure Complex |
Limited |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 30 March 2023 |
for |
Five Alive Community And Leisure Complex |
Limited |
Five Alive Community And Leisure Complex |
Limited |
Contents of the Financial Statements |
for the Year Ended 30 March 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 12 |
Five Alive Community And Leisure Complex |
Limited (Registered number: 11023161) |
Report of the Trustees |
for the Year Ended 30 March 2023 |
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 30 March 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 objectives of the charity is the promotion of community participation in healthy recreation in particular by the provision of facilities for playing football. |
Significant activities |
Five Alive Community and Leisure Complex has created programmes for the local community without any discrimination of gender, colour or religion. We strive to grow by carrying forward a greater cause; to improve the condition of life. |
Public benefit |
In planning our activities this financial year we kept in mind the Charities Commissions guidance |
on public benefit at our monthly trustee meetings, ultimately focusing on: |
What |
- Amateur Sport |
- Recreation |
Who |
- Children / young People |
- Elderly / old People |
- The General Public / mankind |
How |
- Providing Buildings/ facilities/ open Space |
- Providing Services |
FINANCIAL REVIEW |
Reserves policy |
Reserves, if any, are carried forward to the next financial year. |
Going concern |
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. |
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. |
Five Alive Community And Leisure Complex |
Limited (Registered number: 11023161) |
Report of the Trustees |
for the Year Ended 30 March 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
All trustees give their time voluntary and receive no remuneration or other benefits. All trustees undergo rigorous training in the form of shadowing for a period of three months prior to appointment and must follow policies and procedures as underlined in the "trustee policy" document. |
Organisational structure |
Overall management of the Association with regard to policy, strategy and finance is the responsibility of the Board of Directors, which meets on at least a quarterly basis with additional meetings as necessary. Operational management on a day-to-day basis is the responsibility of the Chairman and the Company Secretary/ Manager working within the policy and financial framework agreed by the Board. All directors have access to the Chairman, and the Company Secretary/ Manager at all times. |
Decision making |
Major risks are considered in every meeting and guidance is sought from the Charities Commission on any unsafe or uncertain decisions to be made. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
M Arshad |
Blenheim Advisory Limited |
Chartered Certified Accountants |
230 Stanningley Road |
Leeds |
West Yorkshire |
LS13 3BA |
Approved by order of the board of trustees on |
Five Alive Community And Leisure Complex |
Limited (Registered number: 11023161) |
Report of the Trustees |
for the Year Ended 30 March 2023 |
Independent Examiner's Report to the Trustees of |
Five Alive Community And Leisure Complex |
Limited |
Independent examiner's report to the trustees of Five Alive Community And Leisure Complex Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 March 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. |
M Arshad |
Blenheim Advisory Limited |
Chartered Certified Accountants |
230 Stanningley Road |
Leeds |
West Yorkshire |
LS13 3BA |
Date: ............................................. |
Five Alive Community And Leisure Complex |
Limited |
Statement of Financial Activities |
for the Year Ended 30 March 2023 |
Period |
1/4/21 |
Year Ended | to |
30/3/23 | 30/3/22 |
Unrestricted |
fund | Total funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds | 2 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) | ( |
) |
TOTAL FUNDS CARRIED FORWARD | ( |
) | (49,104 | ) |
Five Alive Community And Leisure Complex |
Limited (Registered number: 11023161) |
Balance Sheet |
30 March 2023 |
2023 | 2022 |
Unrestricted |
fund | Total funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) | ( |
) |
FUNDS | 9 |
Unrestricted funds | ( |
) | (49,104 | ) |
TOTAL FUNDS | ( |
) | (49,104 | ) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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. |
Five Alive Community And Leisure Complex |
Limited (Registered number: 11023161) |
Balance Sheet - continued |
30 March 2023 |
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 |
Five Alive Community And Leisure Complex |
Limited |
Notes to the Financial Statements |
for the Year Ended 30 March 2023 |
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. |
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. |
Five Alive Community And Leisure Complex |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2023 |
2. | RAISING FUNDS |
Raising donations and legacies |
Period |
1/4/21 |
Year Ended | to |
30/3/23 | 30/3/22 |
£ | £ |
Support costs |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 March 2023 nor for the period ended 30 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 March 2023 nor for the period ended 30 March 2022. |
4. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
Period |
1/4/21 |
Year Ended | to |
30/3/23 | 30/3/22 |
Employee |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds |
NET INCOME/(EXPENDITURE) | ( |
) |
Five Alive Community And Leisure Complex |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2023 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted |
fund |
£ |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) |
TOTAL FUNDS CARRIED FORWARD |
(49,104 |
) |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Social security and other taxes |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans (see note 8) |
8. | LOANS |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments: |
Bank loans more 5 yr by instal | 14,584 | 20,630 |
Five Alive Community And Leisure Complex |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2023 |
9. | MOVEMENT IN FUNDS |
Net |
movement |
At 31/3/22 | in funds | At 30/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | (49,104 | ) | 1,120 | (47,984 | ) |
TOTAL FUNDS | ( |
) | 1,120 | (47,984 | ) |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 84,134 | (83,014 | ) | 1,120 |
TOTAL FUNDS | ( |
) | 1,120 |
Comparatives for movement in funds |
Net |
movement |
At 1/4/21 | in funds | At 30/3/22 |
£ | £ | £ |
Unrestricted funds |
General fund | (22,432 | ) | (26,672 | ) | (49,104 | ) |
TOTAL FUNDS | (22,432 | ) | (26,672 | ) | (49,104 | ) |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 37,401 | (64,073 | ) | (26,672 | ) |
TOTAL FUNDS | 37,401 | (64,073 | ) | (26,672 | ) |
Five Alive Community And Leisure Complex |
Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2023 |
10. | RELATED PARTY DISCLOSURES |