REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Balance Sheet | 4 | to | 5 |
Notes to the Financial Statements | 6 | to | 9 |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) (Registered number: 08153396) |
Report of the Trustees |
for the Year Ended 31 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 31 March 2023. The trustees have opted to follow the Charities SORP (FRS102). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The charity's objects ("Objects") are specifically restricted to the following: |
1. The promotion of community participation in healthy recreation particularly but not exclusively for the benefit of the inhabitants of the London Borough of Barking and Dagenham by the provision of facilities for playing a variety of sports, including but not exclusively football, rugby and cricket. |
2. To advance the education of disadvantaged young people and young adults, in the provision of sporting facilities, physical activity and youth work programmes in order to encourage their independence and integration into the community. |
3. Promote such other charitable purposes as may from time to time be determined. |
STRATEGIC REPORT |
Achievement and performance |
Charitable activities |
The company was granted a lease over the land and buildings known as the May & Baker Sporting Fields in Dagenham on 28 August 2014 following the transfer of those land and buildings from Sanofi Aventis to the London Borough of Barking & Dagenham. |
Donations totalling £25,301 were received in the year, the focus of the trustees remained on trying to improve the financial position of the club's trading company which has declined as a result of exceptionally testing trading conditions which started during the COVID19 pandemic and were then compounded by the cost of living crisis. |
No new major projects were commenced during the year, the board of trustees continues to seek funding for capital |
projects that will enhance the facilities. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
May & Baker Eastbrook Community Club Ltd was incorporated on 23 July 2012 as a Company Limited by Guarantee and registered as a charity with the Charity Commission on 28 September 2015 with registration number 1149138. It is governed by its Memorandum and Articles of Association, under which each member is required to contribute an amount not exceeding £10 towards the liabilities of the Charitable Company in the event of it being wound up whilst they are members. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) (Registered number: 08153396) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
Trustees |
Company Secretary |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
Statement of Financial Activities |
for the Year Ended 31 March 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
General |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) | ( |
) |
TOTAL FUNDS CARRIED FORWARD | (1,189 | ) |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) (Registered number: 08153396) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
FUNDS | 8 |
Unrestricted funds | (1,189 | ) |
TOTAL FUNDS | (1,189 | ) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 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. |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) (Registered number: 08153396) |
Balance Sheet - continued |
31 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 |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
Notes to the Financial Statements |
for the Year Ended 31 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. |
2. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Deposit account interest |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
4. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Directors |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
EXPENDITURE ON |
Charitable activities |
General |
1,496 | - |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 307 | - |
TOTAL FUNDS CARRIED FORWARD | (1,189 | ) | - | (1,189 | ) |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by related parties |
VAT |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accruals and deferred income |
8. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/4/22 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | (1,189 | ) | 14,005 | 12,816 |
TOTAL FUNDS | ( |
) | 14,005 | 12,816 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 25,308 | (11,303 | ) | 14,005 |
TOTAL FUNDS | ( |
) | 14,005 |
Comparatives for movement in funds |
Net |
movement | At |
At 1/4/21 | in funds | 31/3/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 307 | (1,496 | ) | (1,189 | ) |
TOTAL FUNDS | 307 | (1,496 | ) | (1,189 | ) |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | - | (1,496 | ) | (1,496 | ) |
TOTAL FUNDS | - | (1,496 | ) | (1,496 | ) |
May & Baker Eastbrook Community Club |
Limited |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
8. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/4/21 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 307 | 12,509 | 12,816 |
TOTAL FUNDS | 307 | 12,509 | 12,816 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 25,308 | (12,799 | ) | 12,509 |
TOTAL FUNDS | 25,308 | (12,799 | ) | 12,509 |
9. | RELATED PARTY DISCLOSURES |