THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09144214 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,408 6,623
Investments:   0 0
Total fixed assets: 4,408 6,623
Current assets
Stocks: 4 2,066 1,909
Debtors: 5 16,647 2,241
Cash at bank and in hand: 51,391 9,435
Investments:   0 0
Total current assets: 70,104 13,585
Creditors: amounts falling due within one year: 6 ( 73,648 ) ( 18,529 )
Net current assets (liabilities): (3,544) (4,944)
Total assets less current liabilities: 864 1,679
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 864 1,679
Members' funds
Profit and loss account: 864 1,679
Total members' funds: 864 1,679

The notes form part of these financial statements

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 June 2025
and signed on behalf of the board by:

Name: M Gazeley
Status: Director

The notes form part of these financial statements

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 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

    Income and expenses are included in the financial statements as they become receivable or due.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis. Depreciation is provided on the following basis: Plant and machinery - 25% Reducing balance Fixtures and fittings - 25% Reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Valuation information and policy

    Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

    Other accounting policies

    Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 12 11

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 17,597 17,597
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 17,597 17,597
Depreciation
At 1 August 2023 10,974 10,974
Charge for year 2,215 2,215
On disposals
Other adjustments
At 31 July 2024 13,189 13,189
Net book value
At 31 July 2024 4,408 4,408
At 31 July 2023 6,623 6,623

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 2,066 1,909
Payments on account 0 0
Total 2,066 1,909

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Trade debtors 15,968 1,810
Prepayments and accrued income 679 431
Total 16,647 2,241

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 3,240 5,928
Taxation and social security 1,806 505
Accruals and deferred income 43,329 3,400
Other creditors 25,273 8,696
Total 73,648 18,529

COMMUNITY INTEREST ANNUAL REPORT

THE FLITWICK SPORTS COMMUNITY INTEREST COMPANY

Company Number: 09144214 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Core activities are focussed on the operation and maintenance of Flitwick Community Football Centre. This comprises both the community hall and the football pitches which are used by community organisations. During the year, the facility has continued to host football matches and events for both stakeholder clubs as well as local schools, leagues and Bedfordshire Schools Football Association. This provides facilities for local girls, boys, men and women across a wide range of ages and abilities. The hall serves as a venue for a wide range of local community interest groups, including toddler and children's groups amongst many others. NHS and Social Care agencies are also regular users of the facility for health, welfare and wellbeing events. The Football Centre has a strong community engagement. Feedback received from users continues to support our view that the centre is delivering on its obligations to provide a sustainable facility for wider community benefit.

Consultation with stakeholders

The main users of the facilities provided are the two partners clubs. These are represented on both the Charity Trustees board and the operating board of the Company. As such these primary stakeholders are actively involved in the management and operations of the Company through board meetings. Representatives contribute managerially and operationally to a high level. The Company receives feedback and input from the partner clubs and other users. The facility has key stakeholders in Central Bedfordshire Council and The Football Association. Directors and officers have close working relationships with representatives from both stakeholder organisations on the way that the centre is managed and identifying areas of strength and improvement etc. The Football Association, through the Football Foundation perform annual inspections, of the facility. Also, through the Bedfordshire FA football development officer, the facility is assessed for delivery against its objectives.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 June 2025

And signed on behalf of the board by:
Name: Melvyn Gazeley
Status: Director