Registered number
08078193
Charity number
1169306
The Melbourne Sporting Partnership Limited
(A company limited by guarantee)
Report and Accounts
31 March 2024
The Melbourne Sporting Partnership Limited
Registered number: 08078193
Charity number: 1169306
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 64,521 73,400
Investments 4 100 100
64,621 73,500
Current assets
Debtors 5 89,152 91,042
Cash at bank and in hand 152,959 119,520
242,111 210,562
Creditors: amounts falling due within one year 6 (57,459) (34,867)
Net current assets 184,652 175,695
Total assets less current liabilities 249,273 249,195
Creditors: amounts falling due after more than one year 7 (73,795) (82,263)
Net assets 175,478 166,932
Capital and reserves
AGP sinking fund 10 110,000 95,000
Unrestricted fund 65,478 71,932
Total Charity Funds 175,478 166,932
The Directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Spencer
Director
Approved by the board on 9 September 2024
The Melbourne Sporting Partnership Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Charity Information
The Melbourne Sporting Partnership Limited is a private company limited by guarantee incorporated in England & Wales. The registered office address is The Pavilion, Cockshut Lane, Melbourne, Derbyshire DE73 8DG. The nature of the charity's operations and principal activates are to promote for the benefit of the inhabitants of Melbourne South Derbyshire and the surrounding area the provision of multi-purpose sporting facilities or other recreation or other leisure time occupation for individuals who have the need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economical circumstances or for the public at large in the interest of social welfare and with the object of improving the condition of life of the said inhabitants.
To promote community participation in healthy recreation for the benefit of the inhabitants of Melbourne, South Derbyshire and the surrounding area by overseeing the development and delivery of sporting activities by supporting the Member Clubs and providing upgraded facilities for the collective development. To provide direction, support and assistance to the Member Clubs to ensure they are managed effectively and sustainably. To promote the profile of the Member Clubs and assist them in retaining members and volunteers and develop new ones.


Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and in accordance with Accounting and Reporting by Charities, the Statement of Recommended Practice for charities applying FRS102, the Companies Act 2006 and UK generally accepted accounting policies as it applies from 1st January 2015.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy notes. Reconciliation with previous Generally Accepted Accounting Practice. In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
Charitable funds
Unrestricted funds are available for the use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Incoming resources
a) Donations
Income from donations is included in the incoming resources when these are receivable, except as follows; When donors specify that donations given to the charity must be used in future accounting periods, the income is then deferred until those periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre­conditions for use have been met. When donors specify that donations are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.





b) Provision of Sports Facilities
Income from sports facilities are included in the period in which the charity is entitled to the receipt.
Resources expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activities and has been included in those cost categories.
Fund accounting
Funds held by the charity are;
Unrestricted general funds - these are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
AGP Sinking fund - This is designated for the replacement of the playing surface over a ten year period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixed assets 10 - 33% straight line
Investments
Investments in subsidiary undertaking are measured at cost.
Taxation
The Melbourne Sporting partnership Limited is a registered charity, and as such is exempt from taxation.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Every member of the trustees undertakes to contribute to the assets of the charity, in the event of the same being wound up during the time that he is a member, or within one year afterwards, for payment of the debts and liabilities of the charity contracted before the time at which he ceases to be a member, and of the costs, charges and expenses of winding up the same, and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required not exceeding £1.
Going concern
The accounts have been prepared on a going concern basis, the trustees are not aware of any existence of any material uncertainties.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixed assets
£
Cost
At 1 April 2023 97,301
At 31 March 2024 97,301
Depreciation
At 1 April 2023 23,901
Charge for the year 8,879
At 31 March 2024 32,780
Net book value
At 31 March 2024 64,521
At 31 March 2023 73,400
4 Investments
Other
investments
£
Cost
At 1 April 2023 100
At 31 March 2024 100
The Melbourne Sporting Partnership Limited holds 100 shares of £1 each in its wholly owned trading subsidiary company The Melbourne Sporting Partnership (Trading) Limited. Company number: 10224563. These are the only shares allotted, called up and fully paid.

5 Debtors 2024 2023
£ £
Trade debtors 23,601 28,758
Prepayments 27,672 1,654
Other debtors 37,879 60,630
89,152 91,042
Amounts due after more than one year included above 12,000 16,500
The loan to the subsidiary company, included within other debtors, is due to be repaid over ten years starting from February 2018. The loan is unsecured and interest free but can be repaid earlier subject to funds being available.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 15,705 3,747
RFU loan 5,868 5,868
SDDC loan 2,600 2,600
Accruals 16,890 11,128
Other creditors 16,396 11,524
57,459 34,867
The RFU loan is interest free and was used to fund the drainage project (an addition to fixed assets in 2022). The loan is repayable over 15 years.
7 Creditors: amounts falling due after one year 2024 2023
£ £
RFU loan 65,995 71,863
SDDC loan 7,800 10,400
73,795 82,263
8 Loans 2024 2023
£ £
Other creditors include:
Loans due in one to five years 39,740 39,740
Loans due in more than five years 34,055 42,523
73,795 82,263
9 Registration of charges
There are three registration of charges lodged at Companies House in respect of The Football Association. The legal charge in respect of the grant was over the leasehold property on the southeast side of Cockshut Lane, Melbourne, Derbyshire including any buildings, facility and equipment thereon which was dated 23rd March 2017.
There is a registration of charge lodged at Companies House in respect of The English Sports Council. The legal charge in over the leasehold property known as the land on the southeast side of Cockshut Lane, Melbourne, Derbyshire which was dated 23rd March 2017.
10 AGP sinking fund 2024 2023
£ £
At 1 April 2023 95,000 80,000
Transfer from general fund 15,000 15,000
At 31 March 2024 110,000 95,000
Designated Funds - This represents the provision for the Artificial Grass Pitch (AGP) which is to increase by £1,250 per month for the next six years.
11 Related party transactions
During the year the following related party transactions occurred
The company made sales of £30,543 (2023 - £24,318) to Melbourne Dynamo Football Club, an organisation in which Mr G Cantwell and Mr C Archer were committee members. The balance owed as at 31st March 2024 was £1,965 (2023 - £1,565).
The company made sales of £21,737 (2023 - £20,543) to Melbourne RFC Ltd, a company which is a trustee of The Melbourne Sporting Partnership Limited. The balance owed as at 31st March 2024 was £484 (2023 - £3,875).
The company made sales of £4,625 (2023 - £4,625) to Melbourne Town Cricket Club, an organisation in which Mr N J Theobald and Mr G P Smith were committee members. The balance owed as at 31st March 2024 was nil (2023 - £1,125).
The company made sales of £5,939 (2023 - £7,550) to Melbourne Tennis Club, an organisation in which Mrs SL Allen & Mr R Spencer were committee members. The balance owed as at 31st March 2024 was nil (2023 - £1,750).
The company sold goods totalling £58,529(2023 - £53,853) to The Melbourne Sporting Partnership (Trading) Limited. The balance owed to the company and included in trade debtors as at 31st March 2024 was £15,574 (2023 - £13,295). The Melbourne Sporting Partnership (Trading) Limited is a subsidiary of The Melbourne Sporting Partnership Limited.
Included in other debtors is a donation of £38,730 (2023 - £51,229) from Melbourne Sporting Partnership (Trading) Limited, a company which is a subsidiary of The Melbourne Sporting Partnership Limited.
Included in other debtors is an amount of £24,500 (2023 - £24,500) owed by The Melbourne Sporting Partnership (Trading) Limited which is a subsidiary of The Melbourne Sporting Partnership Limited. The loan is repayable by annual instalments over the next seven years.
12 Other Income
Included within voluntary income there is a donation in the sum of £nil (2023 - £8,000) received from The Melbourne Parish Council.
13 Other information
The Melbourne Sporting Partnership Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
The Pavillion,
Cockshut Lane,
Melbourne,
Derbyshire
DE73 8DG
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