Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30truefalse122023-12-01Shooting13falsefalse 03146770 2023-12-01 2024-11-30 03146770 2022-12-01 2023-11-30 03146770 2024-11-30 03146770 2023-11-30 03146770 2022-12-01 03146770 1 2023-12-01 2024-11-30 03146770 d:CompanySecretary1 2023-12-01 2024-11-30 03146770 d:Director1 2023-12-01 2024-11-30 03146770 d:Director2 2023-12-01 2024-11-30 03146770 d:Director3 2023-12-01 2024-11-30 03146770 d:Director4 2023-12-01 2024-11-30 03146770 d:Director5 2023-12-01 2024-11-30 03146770 d:Director6 2023-12-01 2024-11-30 03146770 d:Director7 2023-12-01 2024-11-30 03146770 d:Director8 2023-12-01 2024-11-30 03146770 d:Director9 2023-12-01 2024-11-30 03146770 d:Director10 2023-12-01 2024-11-30 03146770 d:RegisteredOffice 2023-12-01 2024-11-30 03146770 c:Buildings 2023-12-01 2024-11-30 03146770 c:Buildings 2024-11-30 03146770 c:Buildings 2023-11-30 03146770 c:Buildings c:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03146770 c:Buildings c:LongLeaseholdAssets 2023-12-01 2024-11-30 03146770 c:MotorVehicles 2023-12-01 2024-11-30 03146770 c:MotorVehicles 2024-11-30 03146770 c:MotorVehicles 2023-11-30 03146770 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03146770 c:FurnitureFittings 2023-12-01 2024-11-30 03146770 c:FurnitureFittings 2024-11-30 03146770 c:FurnitureFittings 2023-11-30 03146770 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03146770 c:ComputerEquipment 2023-12-01 2024-11-30 03146770 c:ComputerEquipment 2024-11-30 03146770 c:ComputerEquipment 2023-11-30 03146770 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03146770 c:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03146770 c:CurrentFinancialInstruments 2024-11-30 03146770 c:CurrentFinancialInstruments 2023-11-30 03146770 c:Non-currentFinancialInstruments 2024-11-30 03146770 c:Non-currentFinancialInstruments 2023-11-30 03146770 c:CurrentFinancialInstruments c:WithinOneYear 2024-11-30 03146770 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 03146770 c:Non-currentFinancialInstruments c:AfterOneYear 2024-11-30 03146770 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 03146770 c:UKTax 2023-12-01 2024-11-30 03146770 c:UKTax 2022-12-01 2023-11-30 03146770 c:OtherMiscellaneousReserve 2023-12-01 2024-11-30 03146770 c:OtherMiscellaneousReserve 2024-11-30 03146770 c:OtherMiscellaneousReserve 2022-12-01 2023-11-30 03146770 c:OtherMiscellaneousReserve 2023-11-30 03146770 c:OtherMiscellaneousReserve 2022-12-01 03146770 c:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 03146770 c:RetainedEarningsAccumulatedLosses 2024-11-30 03146770 c:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 03146770 c:RetainedEarningsAccumulatedLosses 2023-11-30 03146770 c:RetainedEarningsAccumulatedLosses 2022-12-01 03146770 d:FRS102 2023-12-01 2024-11-30 03146770 d:Audited 2023-12-01 2024-11-30 03146770 d:FullAccounts 2023-12-01 2024-11-30 03146770 d:CompanyLimitedByGuarantee 2023-12-01 2024-11-30 03146770 c:WithinOneYear 2024-11-30 03146770 c:WithinOneYear 2023-11-30 03146770 c:BetweenOneFiveYears 2024-11-30 03146770 c:BetweenOneFiveYears 2023-11-30 03146770 2 2023-12-01 2024-11-30 03146770 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 03146770










CLAY PIGEON SHOOTING ASSOCIATION LIMITED
(A company limited by guarantee)










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 
(A company limited by guarantee)
 
 
COMPANY INFORMATION


Directors
Dr J T Martin (Chairman) 
Mr M Machin (Deputy Chairman) 
Mrs N Heron 
Mr C Smith 
Mr P Saich 
Mr C Burrows 
Ms L Goodman 
Mr D E Rollason 
Mr J Leightley 
Mr R Faulds MBE 




Company secretary
I Parker



Registered number
03146770



Registered office
Edmonton House
Bisley Camp

Brookwood

Surrey

GU24 0NP




Independent auditors
WR Partners
Chartered Accountants & Statutory Auditors

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG





 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Directors' report
 
1 - 2
Independent auditors' report
 
3 - 6
Statement of comprehensive income
 
7
Statement of financial position
 
8 - 9
Statement of changes in equity
 
10
Notes to the financial statements
 
11 - 19

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024

The directors present their report and the financial statements for the year ended 30 November 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

Dr J T Martin (Chairman) 
Mr M Machin (Deputy Chairman) 
Mrs N Heron 
Mr C Smith 
Mr P Saich 
Mr C Burrows 
Ms L Goodman 
Mr D E Rollason 
Mr J Leightley 
Mr R Faulds MBE 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Page 1

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024


Auditors

The auditorsWR Partnerswill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Dr J T Martin (Chairman)
Director

Date: 25 February 2025
Page 2

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 

Opinion


We have audited the financial statements of Clay Pigeon Shooting Association Limited (the 'Company') for the year ended 30 November 2024, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 November 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAY PIGEON SHOOTING ASSOCIATION LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.
Page 4

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAY PIGEON SHOOTING ASSOCIATION LIMITED (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006), the relevant tax compliance procedures, employment law, Health and Safety Regulations and the EU General Data Protection Act (GDPR).
We understood the Company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We also reviewed board minutes to identify any recorded instances of irregularity or non compliance that might have an impact on the financial statements.
We assessed the acceptability of the Company's financial statements to material misstatement, including how fraud might occur by meeting with key management to understand where they considered there was susceptibility to fraud. Based on our understanding our procedures involved enquiries of management and those charged with governance, manual journal entry testing, cashbook reviews for large and unusual items and the challenge of significant accounting estimates used in preparing the financial statements.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Page 5

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CLAY PIGEON SHOOTING ASSOCIATION LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Andrew Malpass BA FCA (Senior statutory auditor)
  
for and on behalf of
WR Partners
 
Chartered Accountants
Statutory Auditors
  
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

27 February 2025
Page 6

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 
(A company limited by guarantee)
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Income
  
2,299,836
2,393,804

Direct Costs
  
(20,289)
(23,514)

Gross surplus
  
2,279,547
2,370,290

Administrative expenses
  
(2,282,764)
(2,394,429)

Operating deficit
  
(3,217)
(24,139)

Interest receivable and similar income
  
8,795
7,354

Surplus/(Deficit) before tax
  
5,578
(16,785)

Tax on surplus/(deficit)
 4 
(1,671)
(1,397)

Surplus/(deficit) for the financial year
  
3,907
(18,182)

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 11 to 19 form part of these financial statements.
Page 7

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 03146770

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
283,939
327,215

  
283,939
327,215

Current assets
  

Stocks
  
65,966
54,388

Debtors: amounts falling due within one year
 6 
132,937
156,185

Cash at bank and in hand
 7 
773,703
688,607

  
972,606
899,180

Creditors: amounts falling due within one year
 8 
(791,200)
(769,332)

Net current assets
  
 
 
181,406
 
 
129,848

Total assets less current liabilities
  
465,345
457,063

Creditors: amounts falling due after more than one year
  
(51,198)
(46,823)

  

Net assets
  
414,147
410,240

Page 8

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 03146770
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Designated reserves
 10 
20,000
20,000

General reserves
 10 
394,147
390,240

  
414,147
410,240


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr J T Martin (Chairman)
Mr M Machin (Deputy Chairman)
Director
Director


Date: 25 February 2025

The notes on pages 11 to 19 form part of these financial statements.
Page 9

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED
 
(A company limited by guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024


Designated Reserve
General Reserve
Total equity

£
£
£


At 1 December 2022
35,699
392,723
428,422


Comprehensive income for the year

Deficit for the year
-
(18,182)
(18,182)
Total comprehensive income for the year
-
(18,182)
(18,182)

Transfer to/from general reserve
(15,699)
15,699
-


Total transactions with owners
(15,699)
15,699
-



At 1 December 2023
20,000
390,240
410,240


Comprehensive income for the year

Surplus for the year
-
3,907
3,907
Total comprehensive income for the year
-
3,907
3,907


Total transactions with owners
-
-
-


At 30 November 2024
20,000
394,147
414,147


The notes on pages 11 to 19 form part of these financial statements.
Page 10

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Clay Pigeon Shooting Association is the national governing body for clay pigeon shooting in England, the Company remains committed to promoting excellence in the sport.
The Company is a private company (registered number: 3146770) limited by guarantee and is incorporated in England and Wales. The Company's registered office if Edmonton House, Bisley Camp, Brookwood, Surrey, GU24 0NP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have reviewed their forecasts and cash flow requirements for the foreseeable future, these include considerations of the impact of the cost of living crisis on the Company. The Directors consider that the company will have adequate working capital available to continue operational existence for the foreseeable future. They believe the going concern basis of accounting it appropriate for these annual financial statements.

 
2.3

Income

Income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Membership fees are recognised for the period to which they relate.
Championships, events and courses income are recognised in respect of goods and services supplied during the year.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.
Page 11

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Property improvements
-
10%
Motor vehicles
-
25%
Fixtures and fittings
-
25 - 33%
IT Development
-
20%

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.
Page 12

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.9

Stocks

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. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

 
2.13

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

2024
2023
£
£

Wages and salaries
513,770
507,632

Social security costs
48,581
48,138

Cost of defined contribution scheme
29,138
29,937

591,489
585,707


The average monthly number of employees, not including directors, during the year was 12 (2023 - 13).

Page 13

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on surplus for the year
1,671
1,397


1,671
1,397


Total current tax
1,671
1,397

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
1,671
1,397

Factors affecting tax charge for the year

The Company is a mutual trading company. The only liabilities to Corporation Tax are on interest and commissions receivable.



Factors that may affect future tax charges

There are no factors which may affect future tax charges. 

Page 14

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2023
237,033
47,693
120,336
281,537
686,599


Additions
-
-
-
5,976
5,976


Disposals
-
(23,499)
(19,415)
-
(42,914)



At 30 November 2024

237,033
24,194
100,921
287,513
649,661



Depreciation


At 1 December 2023
23,293
47,693
115,538
172,860
359,384


Charge for the year on owned assets
-
-
3,770
45,482
49,252


Disposals
-
(23,499)
(19,415)
-
(42,914)



At 30 November 2024

23,293
24,194
99,893
218,342
365,722



Net book value



At 30 November 2024
213,740
-
1,028
69,171
283,939



At 30 November 2023
213,740
-
4,798
108,677
327,215


6.


Debtors

2024
2023
£
£


Trade debtors
3,596
24,738

Prepayments and accrued income
129,341
131,447

132,937
156,185


Page 15

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
773,703
688,607

773,703
688,607



8.


Creditors: Amounts falling due within one year

2024
Restated
2023
£
£

Trade creditors
9,973
12,098

Corporation tax
1,671
1,397

Other taxation and social security
-
12,242

Other creditors
45,485
50,560

Accruals and deferred income
734,071
693,035

791,200
769,332


Prior year restatement - Deferred Income 
In the reporting period, a prior year restatement was made relating to deferred income. This has been made to reclassify deferred income included within creditors: amounts due within one year and Creditors: Amount falling due after more than one year based on the ageing of deferred income schedules in place.
Following the adjustment, accruals and deferred income included within creditors falling due within one has decreased by £46,823. 
There is no impact on the brought forward opening profit or loss reserve. 

Page 16

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
Restated
2023
£
£

Accruals and deferred income
51,198
46,823

51,198
46,823


Prior year restatement - Deferred Income
Following the adjustment, accruals and deferred income included within creditors falling due after more than one year has increased by £46,823. 
There is no impact on the previously stated profit or loss for the year.


10.


Reserves

Other reserves

In 2021 the board had designated £40,000. £3,421 was spent from this fund in 2021 giving a balance of £36,579 as at 30 November 2021. £880 was spent from this fund in 2022 giving a balance of £35,699 as at 30 November 2022. £15,699 was spent from this fund in 2023 giving a balance of £20,000 as at 30 November 2023. During the financial year, £40,000 has been transferred from the designated reserve to the general reserve, £Nil was spent. These are the additional costs incurred as a result of hosting the World Championships. 
The purpose of this fund is primarily to support a team of young shooters/colts for coaching, competition and travel/expense allowances. In addition, to act as a reserve fund for projects related directly to CPSA World Championships.

Profit and loss account

The profit and loss account Includes all current and prior period retained surplus and deficits.



11.


Company status

Every qualifying member of the Clay Pigeon Shooting Association undertakes to contribute to the assets of the Clay Pigeon Shooting Association, in the event of the same being wound up while they are a member or within one year after they cease to be a member, for payment of the debts and liabilities of the Clay Pigeon Shooting Association contracted before they cease to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the right of the contributors among themselves, such amount as may be required not exceeding £1. The number of these members of 30 November 2024 was 21,207 (2023: 21,776). 

Page 17

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £29,138 (2023: £29,937). Contributions totalling £nil (2023: £nil) were payable to the fund at the reporting date and are included in creditors.


13.


Commitments under operating leases

At 30 November 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
2,800
6,118

Later than 1 year and not later than 5 years
12,122
8,385

14,922
14,503


14.


Related party transactions

During the year two directors of the association were paid £15,125 (2023: £5,100) for tutoring services and support with hosting a championship. 
Carl Smith was paid £8,825 (2023: £Nil) and John Martin was paid £6,300 (2023: £5,100). At the year end there were no balances outstanding (2023 : £Nil).
Directors expenses were £14,111 (2023: £12,025) in aggregate. 
There were no other related party transactions in the year.


15.


Security held

HSBC Bank holds first charge over the freehold property included within land and buildings at Bisley Camp, Brookwood, GU24 0NP in respect of the Company's credit card facility.

Page 18

 
CLAY PIGEON SHOOTING ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

16.


Funds held for others

The International Clay Target Shooting Federation (ICTSF) is an unconnected organisation to the Clay Pigeon Shooting Organisation (CPSA). However, they do not maintain their own bank account, instead they utilise CPSA as agents and their cash is held within CPSA. A corresponding creditor balance totalling £42,776 (2023: £46,335) is held within other creditors.
No income and expenditure relating to ICTSF is included in the income and expenditure account for the CPSA.
The International Clay Target Shooting Council (ICTSC) is an unconnected organisation to the Clay Pigeon Shooting Organisation (CPSA). However, they do not maintain their own bank account, instead they utilise CPSA as agents and their cash is held within CPSA. A corresponding creditor balance totalling £1,367 (2023: £1,570) is held within other creditors.
No income and expenditure relating to ICTSC is included in the income and expenditure account for the CPSA.


17.


Controlling party

The Directors consider that there is no ultimate controlling party.
 
Page 19