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REGISTERED NUMBER: 00216719 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

The Federation of Sports and Play
Associations Ltd

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Federation of Sports and Play
Associations Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A Baker
J A Bowers
Ms K E R Costin
N I Palmer
Ms H Willsmer
P Hitchenor





REGISTERED OFFICE: Network House
Stubs Beck Lane
West 26 Industrial Estate
Cleckheaton
BD19 4TT





REGISTERED NUMBER: 00216719 (England and Wales)





AUDITORS: KJA Kilner Johnson Ltd (Statutory Auditors)
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,124 4,454
Investments 6 3,129,128 2,707,446
3,132,252 2,711,900

CURRENT ASSETS
Debtors 7 17,323 24,200
Cash at bank and in hand 224,037 124,529
241,360 148,729
CREDITORS
Amounts falling due within one year 8 321,548 79,694
NET CURRENT (LIABILITIES)/ASSETS (80,188 ) 69,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,052,064

2,780,935

PROVISIONS FOR LIABILITIES - 217,758
NET ASSETS 3,052,064 2,563,177

RESERVES
Retained earnings 9 3,052,064 2,563,177
3,052,064 2,563,177

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

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 6 September 2024 and were signed on its behalf by:





N I Palmer - Director


The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Federation of Sports and Play Associations Ltd 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover mainly represents subscriptions charged to its members which is recognised on an accruals basis. In addition, revenue is recognies from the rendering of services as and when the work is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance

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.

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.

Fixed asset investments
Listed investments are recognised initially on acquisition at cost and remeasured at fair value using the bid price as at the close of business at the year end.

Non-listed investments are recognised initially on acquisition at cost and remeasured at fair value using the transfer value as set out in the Articles of Association of the company which the investment is held with.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

8,000

6,790

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 17,361
Additions 686
Disposals (3,280 )
At 31 December 2023 14,767
DEPRECIATION
At 1 January 2023 12,907
Charge for year 1,337
Eliminated on disposal (2,601 )
At 31 December 2023 11,643
NET BOOK VALUE
At 31 December 2023 3,124
At 31 December 2022 4,454

6. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1,677,546 1,029,900 2,707,446
Additions 2,885,407 - 2,885,407
Disposals (1,695,050 ) (1,029,900 ) (2,724,950 )
Revaluations 261,225 - 261,225
At 31 December 2023 3,129,128 - 3,129,128
NET BOOK VALUE
At 31 December 2023 3,129,128 - 3,129,128
At 31 December 2022 1,677,546 1,029,900 2,707,446

If fixed asset investments had not been revalued they would be included at historical cost of £1,755,002.

Fixed asset investments were revalued on an open market basis by the fund managers as at the year end.

The Federation of Sports and Play
Associations Ltd (Registered number: 00216719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,586 7,738
Other debtors 12,737 16,462
17,323 24,200

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,168 25,308
Taxation and social security 264,748 10,614
Other creditors 35,632 43,772
321,548 79,694

9. RESERVES

Included in retained earnings are ring fenced funds totalling £223,141 (2022: £221,467).

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

The Report of the Auditors was unqualified.

Raza Effendi MBA FCA (Senior Statutory Auditor)
KJA Kilner Johnson Limited KJA Kilner Johnson Ltd (Statutory Auditors)