REGISTERED COMPANY NUMBER: 03383674 (England and Wales) REGISTERED CHARITY NUMBER: 1071804 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BOURNEMOUTH SCHOOL CHARITABLE TRUST Elson Geaves Accountants Chartered Certified Accountants Elson Geave5 Forest Links Road Ferndown Dorset BH22 9PH
BO RNEMOUTH SCHOOL CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnanclal Activities BAlan¢e Sheet Notes to the Financial Statements Detailed Statement of Finanelal Aetivities 14
BOURNEMOUTH SCHOOL CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 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 2024. The trustees have adopted the provisions of 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 l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The company's objects are . the advancement of education in Bournemouth and the surrounding area and in particular, but without prejudice to the generality of the foregoing, lo carry out such activities in relation to Bournemouth School as may be charitable and to promote for the benefil of the inhabitants of Bournemouth and the surrounding area the provision at the Sports Centre at Bournemouth School of facilities for recrealion or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic 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 inhabitanls. Public benefit The trustees have considered the Charity Commission's general guidance on public benefit when reviewing Ihe objectives and aclivities and in planning fulure activities. In pursuit of these objects the company constructed an All Weather Sports Pitch in 1998 and acquired the activities, assets and liabilities of Bournemouth School Sports Trust in 2015, ACHIEVEMENT AND PERFORMANCE Charitable activities The company arranged for the conslruction of an All Weather Sports Pitch which was available for hire from l November 1999. The responsibility for the operating of the facility was contracted to an independent third party which paid the company rent based on its level of takings until 31 December 2004. On l May 2010 operation of the facility was contracted to BH Live (previously Bourneniouth Borough Council). Initially BH Live paid the company a rent with the company agreeing to make granls to fund any operational deficits incurred by BH Live (previously Bournemouth Borough Council), but on 28 January 2015 following the approval of the amendments to its Memorandum and Articles of Association the company took responsibility for the activilies, asset5 and liabilities of Bournemouth School Sports Trust and contracted the operation of these assets, i.e. the Sports Hall and Outdoor Courts, logether with ihe rental of the All Weather Sports Pitch to BH Live (previously Bournemouth Borough Council). Under the terms of this contract the company is no longer required to fund any operational deficits incurred by BH Live. The directors and trustees are satisfied that the facility continues to be well used and that the company's activities have been undertaken to further the company's charttable purposes for the public benefit. Page I
BOURNEMOUTH SCHOOL CHARITABLE TRUST REPORT OF THE TRUSTEES R THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Financial positioll The balance sheet as at 31 March 2023 shows that the company has unrestricted funds of £703,049 and has been able to meet all of its oulgoings from its own funds without the need for bank borrowings. None of the company's funds as at 31 March 2023 are restricted. The directors and trustees consider that there is significant cash resources to meet the on-going expenditure of the company during the year ended 31 March 2023 and the year ahead.. Reserves policy The reserves policy of the directors and trustees is to accumulate sufficient funds to sustain the assets of the Sir David English Sports Centre. FUTURE PLANS Following ihe decision by the directors and trustees to acquire the activities, assets and liabilities of Bournemouth School Sports Trust the company entered into a long term rental contract with BH Live (previously Bournemouth Borough Council) for the whole of the Sir David English Sports Centre, As previously staled, under this new contract there is no requirement to fund any operational deficits incurred by BH Live (previously Bournemouth Borough Council). This should enable the company to fully sustain all of the assets of the Sir David English Sports Centre and secure its viability until Ihe 31 st March 2035. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Organisational structure The organisation is a charitable company limited by guaranlee, incorporaled on 9 June 1997 and registered as a charity on 2 October 1998. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. A second object to include the provision al the Sir David English Sports Centre al Bournemouth School of facilities for public recreation was added on 25 October 2012. In the event of ihe company being wound up members are required to contribute an amount not exceeding £ l. The directors of the company are all trustees of the charity and there are no other trustees. All of the directors and truslees, as detailed on page 2, served throughout the year. All the directors and trustees are members of the company. The trustees meet on a regular basis to manage the affairs of the company. The day to day running of the company's affairs is undertaken by ihe company secretary. The company is not dependent upon the services of unpaid volunteers. Risk management The directors and trustees have undertaken a review of risks which may have an effect on the charitable company and its activities. The trustees are satisfied that no significanl risks exist in this respect. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03383674 (England and Wales) Registered Charity number 1071804 Page 2
BOURNEMOUTH SCHOOL CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE EAR ENDED 31 MARCH 20 Registered Olee clo Mrs M C Houghton Bournemouth School Charitable Trust Sir David English Sports Centre,East Way Bournemouth Dorset BH8 9PY Trustees Colonel A F P Petrie (Chairman) - Retired Dr D P Lewis - Headmaster Mr D J Oaten- Retired Mr C J Rees - Relired Ms N English Smith - Freelance Photographer J P Aikinson Project Officer A Dawson Company Director Company Secretary Mrs M C Houghton Independent Examiner Gary David Elson FCCA Elson Geaves Accountants Chartered Certified Accountants Elson Geaves Forest Links Road Ferndowii Dorset BH22 9PH Approved by order of the board of trustees on . and signed on its behalf by.. Colonel A F P Petrie (Chairman) - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH SCHOOL CHARITABLE TRUST Independent examiner's report to the trustees of Bournemouth School Charitable Trust ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Respon5ibllltles and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself thal the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have compleled my examinalion. I confirm thal no n)atters have come to my attention in conneclion 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 Ihe 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 Ihan any requirement that the accounts give a true and fair view which is not a matler 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 charilies (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 conie across no other Inatters in connection with the examination to which attenlion should be drawn in ihis report in order to enable a proper understanding of the accounts to be reached. Gary David Elson FCCA Elson Geaves Accountants Chartered Certified Accountants Elson Geaves Forest Links Road Ferndown Dorset BH22 9PH Date: Page 4
BOURNEMOUTH SCHOOL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestricted fund 2023 Total fund5 Notes INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 15,425 105.701 Investment income Other inconie 6,074 30 1,699 252 Total 121,529 107,652 EXPENDITURE ON Charitable activities Charitable Activities 62,444 55,776 Other 998 ,013 Total 63,442 56,789 NET INCOME 58,087 50,863 RECONCILIATION OF FUNDS Tolal funds brought forward 708,820 657,957 TOTAL FUNDS CARRIED FORWARD 766,907 708,820 The notes form part of Ihe5e financial statements Page 5
BOURNEMOUTH SCHOOL CHARITABLE TRUST BALANCE SHEET 31 MARCH 2024 2024 Unr¢slricl¢d fund 2023 Total funds Notes FIXED ASSETS Tangible assets 272,586 308,085 CURRENT ASSETS Debtors Cash at bank 6,002 510,819 53,946 378,696 516,821 432,642 CREDITORS Amounts falling due within one year (22,500) (31,907) NET CURRENT ASSETS 494,321 400,735 TOTAL ASSETS LESS CURRENT LIABILITIES 766,907 708,820 NET ASSETS 766,907 708.820 FUNDS Unrestricted funds 766,907 708,820 TOTAL FUNDS 766,907 708,820 The charitable company is entitled to exemption from audit under Seclion 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statemenls for the year ended 31 March 2024 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. The not¢5 form part of these financial statements Page 6 ontinued...
BOURNEMOUTH SCHOOL CHARITABLE TRUST BALANCE SHEET- continued 31 MARCH 2024 These financial statements have been prepared in accordance with ihe 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 and were signed on its behalf by: A F P Petrie (Chairman) - Trustee The notes forni part of these financial stalements Page 7
BOURNEMOUTH SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charilable 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 lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l 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 Stalement of Financial Activities once the charity has entitlement to the funds, it is probable thai the income will be received and the amount can be measured reliably. Expenditure Liabilfftties ar¢ recognised as expenditure as soon a5 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 amounl 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 lo particular headings they have been allocated to activities on a basis consistenl with the use of resources, Tangible fixed assets Depreciation is provided at ihe following annual rates in order to write off each asset over its estimaled useful life. Taxation The Charity is exempt from corporation tax on its charitable activities. Fund accounting UnrestTl¢ted 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 8 conlinued...
BOURNEMOUTH SCHOOL CHARITABLE TRU NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE VEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 6,074 1,699 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after charging/(¢rediting): 2024 2023 Depreciation - owned assets 39,209 32,551 TRUSTEES, REMUNERATION AND BEIYEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted rund INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 105,701 Investmenl income Other income 1,699 252 Total 107,652 EXPENDITURE ON Charitable activities Charitable Activities 55,776 Other 1,013 Total 56,789 NET INCOME 50,863 RECONCILIATION OF FUNDS Total funds brought forward 657,957 Page 9 continued...
BOURNEMOUTH SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL ACTIVITIES - Continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 708,820 TANGIBLE FIXED ASSETS Short leasehold Pl4nt and m*¢hinery Sport8 pitches Totals COST At l April 2023 Additions 134,095 183,784 3,710 323,268 641,147 3,710 At 31 March 2024 134,095 187,494 323,268 644.857 DEPRECIATION At l April 2023 Charge for year 35,518 4,405 123,650 15,205 173,894 19,599 333,062 39,209 At 31 March 2024 39,923 138,855 193,493 372,271 NET BOOK VALUE At 31 March 2024 94,172 48,639 129,775 272,586 Al 31 March 2023 98,577 60,134 149,374 308,085 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors VAT Prepayments 6,002 34,628 11,921 7,397 6,002 53,946 Page 10 continued...
BOURNEMOUTH SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors VAT Accruals and deferred income 4,000 5,843 12,657 31.907 22,500 31,907 MOVEMENT IN FUNDS Net movement At 3113124 At 114123 Unrestricted funds General fund 708,820 58,087 766,907 TOTAL FUNDS 708,820 58,087 766,907 Net movement in funds, included in the above are as follows: Incoming r¢sour¢es Resources expended Movement in funds Unrestricled funds General fund 121,529 (63,442) 58,087 TOTAL FUNDS 121,529 (63,442) 58,087 Comparatives for movement in funds Net movement in funds At 3113123 At 114122 Unrestricted funds General fuiid 657,957 50,863 708,820 TOTAL FUNDS 657,957 50.863 708,820 Page 11 continued...
BOURNEMOUTH SCHOOL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: In¢ominE resources Resources expended Movement in fund$ Unrestrieted funds General fund 107,652 (56,789) 50,863 TOTAL FUNDS 107,652 (56,789) 50,863 A current year 12 months and prior year 12 months combined position is as follows,. Net movement in funds At 3113124 At 114122 Unrestrficted funds General fund 657,957 108,950 766,907 TOTAL FUNDS 657,957 108,950 766,907 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming r¢8our¢es Resources expended Movement in funds Unrestricted funds General fund 229,181 (120,231) 108,950 TOTAL FUNDS 229,181 (120,231) 108,950 Page 12 ontinued...
BOURNEMOUTH SCHOOL CHARITABLE TR NOTES TO THE FINANCIAL STATEMENTS- continued R THE YEAR ENDED 31 MARCH 2024 10. RELATED PARTY DISCLOSURES The company is controlled by its diiectors and trustees. One of the company's directors and trustees is Dr. D.P. Lewis, the Head Teacher of Bournemouth School. The company generated rent receivable from Bournemouth School during the year ended 31 st March 2024 of £19,237 (2023:£18,022). The company was owed £6002 by Bournemouth School as at 31 March 2024 (£nil: 2022). Page 13