HEATON PARK GOLF C.I.C.

Company Registration Number:
11888279 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2023

Period of accounts

Start date: 31 March 2022

End date: 29 March 2023

HEATON PARK GOLF C.I.C.

Contents of the Financial Statements

for the Period Ended 29 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HEATON PARK GOLF C.I.C.

Directors' report period ended 29 March 2023

The directors present their report with the financial statements of the company for the period ended 29 March 2023

Directors

The directors shown below have held office during the whole of the period from
31 March 2022 to 29 March 2023

J Jackson
A Terry


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 November 2023

And signed on behalf of the board by:
Name: J Jackson
Status: Director

HEATON PARK GOLF C.I.C.

Profit And Loss Account

for the Period Ended 29 March 2023

2023 2022


£

£
Turnover: 437,825 378,538
Cost of sales: ( 290,581 ) ( 237,882 )
Gross profit(or loss): 147,244 140,656
Administrative expenses: ( 163,654 ) ( 181,157 )
Other operating income: 4,500 42,762
Operating profit(or loss): (11,910) 2,261
Interest receivable and similar income: 1
Profit(or loss) before tax: (11,910) 2,262
Tax: 5,353 3,476
Profit(or loss) for the financial year: (6,557) 5,738

HEATON PARK GOLF C.I.C.

Balance sheet

As at 29 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 31,971 60,146
Total fixed assets: 31,971 60,146
Current assets
Stocks: 4 2,300
Debtors: 5 2,325 2,191
Cash at bank and in hand: 40,957 57,463
Total current assets: 45,582 59,654
Creditors: amounts falling due within one year: 6 ( 12,818 ) ( 36,664 )
Net current assets (liabilities): 32,764 22,990
Total assets less current liabilities: 64,735 83,136
Creditors: amounts falling due after more than one year: 7 ( 43,092 ) ( 49,583 )
Provision for liabilities: ( 6,075 ) ( 11,428 )
Total net assets (liabilities): 15,568 22,125
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 15,566 22,123
Total Shareholders' funds: 15,568 22,125

The notes form part of these financial statements

HEATON PARK GOLF C.I.C.

Balance sheet statements

For the year ending 29 March 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 November 2023
and signed on behalf of the board by:

Name: J Jackson
Status: Director

The notes form part of these financial statements

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Plant and machinery - 20% on costFixtures and fittings - 15% reducing balance

    Other accounting policies

    StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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 taxDeferred 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 commitmentsRentals 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 benefitsThe 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.

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 20 14

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 March 2022 94,300 5,586 909 100,795
Additions 491 491
Disposals ( 22,200 ) ( 22,200 )
Revaluations
Transfers
At 29 March 2023 72,100 6,077 909 79,086
Depreciation
At 31 March 2022 38,291 2,104 254 40,649
Charge for year 14,420 795 131 15,346
On disposals ( 8,880 ) ( 8,880 )
Other adjustments
At 29 March 2023 43,831 2,899 385 47,115
Net book value
At 29 March 2023 28,269 3,178 524 31,971
At 30 March 2022 56,009 3,482 655 60,146

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

4. Stocks

2023 2022
£ £
Stocks 2,300
Total 2,300

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

5. Debtors

2023 2022
£ £
Prepayments and accrued income 2,325 2,191
Total 2,325 2,191

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 115 25,930
Taxation and social security 2,585 3,452
Accruals and deferred income 5,292 2,441
Other creditors 4,826 4,841
Total 12,818 36,664

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 43,092 49,583
Total 43,092 49,583

COMMUNITY INTEREST ANNUAL REPORT

HEATON PARK GOLF C.I.C.

Company Number: 11888279 (England and Wales)

Year Ending: 29 March 2023

Company activities and impact

Heaton Park Golf CIC operates Heaton Park Golf Course situated in Heaton Park, Manchester. The focus of HPG CIC is on making golf accessible to ALL and to encourage more local residents to enjoy the benefits of golf as an outdoor activity across ALL age groups.Heaton Park Golf CIC was created to keep golf being played at “The Park”. 2022/23 saw the removal of covid restrictionsBenefits to the local community;PandemicOperations returned to normal end of 2022 into 2023The PavilionAnother strong year in The Pavilion with strong number of eventsA new marquee was installed on the old 1st tee to accommodate more functions, which has been a great success.Gas and Electric bills have been a drag on the success of The Pavilion with our costs more than doubling in this financial year. A sustainability program was introduced to reduce energy usage and a smart thermostat installed to reduce heating costs. All these initiatives worked but the utilities costs remained higher than manageable. We also sought support from Manchester City Council to look at more energy efficient windows to be installed in the Pavilion to reduce heat loss, this is being looked at as part of the Councils estate reviewBest Value GolfHP Golf CIC made its first price increase for green fees and season tickets off the back of high inflation increasing the price of all raw materials including fuel, fertilizer and parts.As part of the installation of the Marquee on the 1st tee a new 1st tee was built, which reshaped the hole to be much safer for park users as there is a main entrance on the right hand side of the hole.There was also significant investment in new machinery at HP this year due to machines coming to end of life.We are also close to our first 2 apprentices qualifying from their greenkeeper qualifications, this was a key aim to build expertise within the organisationPitch and Putt CourseThe pitch and putt course remained a huge success and the mini golf had further investment with characters added to them the course. The refreshment continued to remain open to service the golfers and the park usersOutreach ProgramThe junior academy continued to grow this year and further community outreach took place with SEN sessions provided on the mini golf course and in the simulator. Great thanks continues to RR Golf for their continued support in providing most of our outreach sessions

Consultation with stakeholders

Heaton Park Golf CIC Stakeholders;Manchester City CouncilHeaton Park Golf ClubHeaton Park Golf Course usersHeaton Park usersManchester City Council We continued to work on the key pillars of success.-maintain a value for money golf course open to all local residents. -conduct outreach to encourage higher participation and utilization-offer free junior golf and lessons. -open up “The Pavilion” to both golf users and park users Heaton Park Golf CubHPGC have continued to be a strong supporter of the Golf Course. Competitions run once a week and the feedback on the course and Pavilion has been positive.Heaton Park and Heaton Park Golf usersSocial media accounts on popular channels now have over 8,000 followers in the first 3years of opening.This has been the primary source for feedback on the work taking place at Heaton Park Golf CIC, the feedback has been overwhelmingly positive.

Directors' remuneration

Director’s remuneration for the year was in line with other Directors of golf operators and access to the company pension scheme in line with all employees who are members of the company pension scheme.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed”pol A company vehicle continued to be provided to support long-distance travel to and from the course.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 November 2023

And signed on behalf of the board by:
Name: J Jackson
Status: Director