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REGISTERED NUMBER: 09794879 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EAST GLOUCESTERSHIRE CLUB LIMITED

EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


EAST GLOUCESTERSHIRE CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D M Clayton
J E King
R Barker
Dr A R L Butland
N J A Howitt
O C Hutton-Potts
R H Knight
Ms S Watkiss
P Mitchener





SECRETARY: D Morris





REGISTERED OFFICE: East Glos Club
Old Bath Road
Cheltenham
Gloucestershire
GL53 7DF





REGISTERED NUMBER: 09794879 (England and Wales)





AUDITOR: Andorran Limited (Statutory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,112,058 1,128,115
Investments 5 1 1
1,112,059 1,128,116

CURRENT ASSETS
Stocks 31,600 30,167
Debtors 22,642 19,188
Investments 571,022 350,576
Cash at bank and in hand 15,727 138,614
640,991 538,545
CREDITORS
Amounts falling due within one year (234,833 ) (201,113 )
NET CURRENT ASSETS 406,158 337,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,217

1,465,548

CREDITORS
Amounts falling due after more than one
year

(64,000

)

(96,000

)
NET ASSETS 1,454,217 1,369,548

RESERVES
Club development & maintenance
fund 8 49,394 20,139
Court renewal fund 8 382,500 283,200
Junior squash fund 8 - 331
Capital fund 8 1,016,058 1,000,115
Income and expenditure account 8 6,265 65,763
1,454,217 1,369,548

EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 20 March 2024 and were signed on its behalf by:




Dr A R L Butland - Director



R Barker - Director


EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

East Gloucestershire Club 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about East Gloucestershire Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Subscription and sponsorship income are recognised on a time-apportioned basis in the accounting period to which the subscription or sponsorship relates. Course fees, facilities rental income and other event income is recognised when the event takes place. Court booking income is recognised when the booking is made. Retail and catering income is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tennis and Padel courts - at varying rates on cost
Clubhouse and grounds - at varying rates on cost
Equipment - at varying rates on cost

Freehold land is not depreciated. Only assets costing greater than £1,000 are capitalised, with smaller value items being expensed as they are incurred.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Value added tax
As a non-profit making sports club, the company is governed by the partial exemption regulations as stipulated by HM Revenue and Customs. In adhering to these regulations the company is not in a position to recover all VAT suffered in respect of goods and services purchased. In line with latest HMRC guidelines, the amount of non-recoverable VAT is added to the cost of the individual headings of expenditure rather than shown on a separate line of expenditure.

EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,602,248
Additions 77,340
Disposals (16,998 )
At 31 December 2023 1,662,590
DEPRECIATION
At 1 January 2023 474,133
Charge for year 93,397
Eliminated on disposal (16,998 )
At 31 December 2023 550,532
NET BOOK VALUE
At 31 December 2023 1,112,058
At 31 December 2022 1,128,115

Included in the cost of land and buildings is freehold land at a historic cost of £8,667 (2022: £8,667), which is not depreciated.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 96,000 128,000

Other loans represents loan funding from the Lawn Tennis Association (LTA). This funding is secured by a fixed charge, the latest being created 2 March 2021, over the property at East Gloucestershire Club. The LTA loan is interest-free.

EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. PENSION COMMITMENTS

The Club operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Club in independently administered funds. The pension cost charge represents contributions payable by the Club to the funds and amounted to £11,791 (2022: £11,173). Contributions payable to the fund at the balance sheet date were £1,933 (2022: £707).

8. RESERVES
Income Club
and development Court
expenditure & maintenance renewal
account fund fund
£    £    £   

At 1 January 2023 65,763 20,139 283,200
Surplus for the year 84,669 - -
Capital expenditure (109,340 ) - -
Transfers between funds (34,827 ) 29,255 99,300
At 31 December 2023 6,265 49,394 382,500
Junior
squash Capital
fund fund Totals
£    £    £   

At 1 January 2023 331 1,000,115 1,369,548
Surplus for the year - - 84,669
Capital expenditure - 109,340 -
Transfers between funds (331 ) (93,397 ) -
At 31 December 2023 - 1,016,058 1,454,217


The club development and maintenance fund represents reserves allocated for new initiatives and significant maintenance and repair costs to the clubhouse and grounds. Every year 5% of membership subscriptions are added to this fund.

The capital fund represents the net book value of the club’s fixed assets, net of our asset-secured LTA loan.

The court renewal fund represents reserves put aside to finance the maintenance of the club’s tennis and padel courts. Amounts are provided annually to cover the ongoing costs of refurbishment, with reference to LTA guidelines.

The junior squash fund represents donations made in respect of the club’s junior squash activities.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Roger Downes FCA (Senior Statutory Auditor)
for and on behalf of Andorran Limited (Statutory Auditor)

EAST GLOUCESTERSHIRE CLUB LIMITED (REGISTERED NUMBER: 09794879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements 17,453 -

11. RELATED PARTY DISCLOSURES

Transactions with directors
During the year the company reimbursed out-of-pocket expenses paid on its behalf to two directors totalling £266 (2022: one director totalling £98).

East Glos Club Coaching Limited
Wholly-owned subsidiary
East Glos Club Coaching Limited paid its surplus of £158,840 (2022: £142,808) to this company as a distribution payment to a CASC-registered entity.

No balance was due from / to East Glos Club Coaching Limited at 31 December 2023 or 2022.

12. COMPANY STATUS

The company is limited by guarantee. The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up whilst he or she is a member or within one year after he or she ceases to be a member.