Clee Fields Management Company Limited
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 30 April 2026
The trustees present their report and the financial statements for the year ended 30 April 2026.
Objectives and Activities
Aims and Objectives
The charities object is the promotion of community participation in healthy recreation by providing facilities for playing sport.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Achievements and Performance
Charitable activities
The Charity continues to aid the advancement of health through recreation for young people, the elderly and people with disabilities by meeting the needs of various groups and making the best use of the resources available to us. The Fusion and Well Being centre whose premises are next door to our facility have continued to fund the use of the sports hall for their Youth Club. We have continued to make the premises available free of charge for a holiday club organised by Fusion during school holidays and for one off events promoted by other charities. The premises continue to be used for various sports on a continuous basis including table tennis, pickleball, volley ball, 5 a side football and various school activities.
Financial Position
Letting income is as expected and we do not have any financial concerns for the short to medium term. We hope to extend the premises and have approached the council regarding funding. They indicated that they would decide if our sports hall could be included in any funding reviews in the future. We have allowed our funds to increase as we expect we will need to match fund at least some of the finance required to extend the premises.
Reserves Policy
The trustees monitor income and expenditure on a regular basis to ensure reserves are held at an adequate level. We have been able to maintain our reserves due to good financial management.
Future Plans
The charity seeks to continue to develop and improve its existing facilities. NELC have completed the regeneration of the Clee Fields site but, it has not affected our operation. We have now added the grassed area around the sports hall to our lease so that we can consider a modest extension of our premises when finances allow.
Structure, Governance and Management
Governing Document
The charity is controlled by its memorandum and articles of association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and Administrative Details
1 Westkirke Avenue
Scartho
Grimsby
N E Lincolnshire
DN33 2HS
Independent Examiner
H. J. Spauls F.C.A
Smethurst & Co
12 Abbey Road
Grimsby
DN32 0HL
Statement of Trustees' Responsibilities
The trustees (who are also the directors of
Clee Fields Management Company Limited
for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.
2.2.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.3.
Incoming Resources
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.
2.4.
Resources Expended
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.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Improvements |
5% Straight Line
|
| Plant & Machinery |
20% Straight Line
|
2.6.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7.
Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3.
Investment Income
|
2026 |
2025 |
|
Unrestricted |
Unrestricted |
|
funds |
funds |
|
£ |
£ |
| Bank interest receivable |
3,375
|
4,037
|
| |
|
|
4.
Net Income/(Expenditure)
The net income is stated after charging/(crediting):
|
2026 |
2025 |
|
£ |
£ |
| Depreciation of tangible fixed assets - owned |
3,267
|
2,892
|
| |
|
|
5.
Analysis of Expenditure
|
|
|
2026 |
|
Activities undertaken directly |
Support costs
(see note
6
)
|
Total |
|
£ |
£ |
£ |
| Core |
27,175
|
1,323
|
28,498
|
| |
|
|
|
|
|
|
2025 |
|
Activities undertaken directly |
Support costs
(see note
6
)
|
Total |
|
£ |
£ |
£ |
| Core |
25,720
|
720
|
26,440
|
| |
|
|
|
6.
Support Costs
|
2026 |
2025 |
|
Core |
Core |
|
£ |
£ |
| Governance costs |
1,323
|
720
|
| |
|
|
7.
Independent Examiner's Remuneration
|
2026 |
|
2025 |
|
£ |
|
£ |
| Independent examination of the financial statements |
738
|
|
720
|
| |
|
|
|
8.
Average Number of Employees
Average number of employees during the year was: NIL (2025: NIL)
-
-
9.
Tangible Assets
|
Land & Property |
|
Improvements |
Plant & Machinery |
Total |
|
£ |
£ |
£ |
| Cost |
| As at 1 May 2025 |
43,195
|
37,611
|
80,806
|
| |
|
|
|
| As at 30 April 2026 |
43,195
|
37,611
|
80,806
|
| |
|
|
|
| Depreciation |
| As at 1 May 2025 |
15,174
|
32,701
|
47,875
|
| Provided during the period |
2,160
|
1,107
|
3,267
|
| |
|
|
|
| As at 30 April 2026 |
17,334
|
33,808
|
51,142
|
| |
|
|
|
...CONTINUED
| Net Book Value |
| As at 30 April 2026 |
25,861
|
3,803
|
29,664
|
| |
|
|
|
| As at 1 May 2025 |
28,021
|
4,910
|
32,931
|
| |
|
|
|
10.
Debtors
|
2026 |
|
2025 |
|
£ |
|
£ |
| Due within one year |
| Trade debtors |
737
|
|
1,866
|
| Other debtors |
322
|
|
304
|
| |
|
|
|
|
1,059
|
|
2,170
|
| |
|
|
|
11.
Creditors: Amounts Falling Due Within One Year
|
2026 |
|
2025 |
|
£ |
|
£ |
| Other creditors |
7,082
|
|
7,400
|
| |
|
|
|
12.
Other Commitments
Clee Fields Management Company Limited signed a 25 year lease in March 2018.
There is no rent payable to occupy the short leasehold property.
13.
Movement in Funds
|
As at 1 May 2025 |
Income |
Expenditure |
As at 30 April 2026 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
| General: |
| General unrestricted fund |
164,802
|
42,606
|
(28,498
)
|
178,910
|
|
| |
|
|
|
|
| Total funds |
164,802
|
42,606
|
(28,498
)
|
178,910
|
| |
|
|
|
|
|
As at 1 May 2024 |
Income |
Expenditure |
As at 30 April 2025 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
| General: |
| General unrestricted fund |
150,364
|
40,878
|
(26,440
)
|
164,802
|
|
| |
|
|
|
|
| Total funds |
150,364
|
40,878
|
(26,440
)
|
164,802
|
| |
|
|
|
|
14.
Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.