## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
**(A company limited by guarantee)**
**Report and Financial Statements**
**For the year ended 31 August 2025**
**Charity Number 1084334**
**Registration Number 4120489**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Report and Financial Statements**
**For the year ended 31 August 2025**
## **Company Information**
Trustees Aris Georgopoulos Jake Meskell Nichola Jane Rose Martin Ian Ford Aaron Wharton Christopher David Prior Secretary Aaron Wharton Company Number 4120489 Charity Number 1084334 Registered Office Nottingham Wildcats Arena Greenwood Road Bakersfield Nottingham NG3 7EB Bankers Royal Bank of Scotland Accountants Iliffe Poulter Ltd 1A Bonington Road Mapperley Nottingham NG3 5JR
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Report and Financial Statements**
## **For the year ended 31 August 2025**
## **Contents**
||**Page**|
|---|---|
|Trustees' Report|**1 - 2**|
|Chairperson's Report|**3 - 4**|
|Independent Examiners Report|**5 - 6**|
|Income and Expenditure Account|**7**|
|Balance Sheet|**8 - 9**|
|Notes to the Financial Statements|**10 - 18**|
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Report of the Trustees for the year ended 31 August 2025**
The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements For the year ended 31 August 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards (FRS 102) (effective 1 January 2015)
The charity is a charitable company limited by guarantee and was incorporated on the sixth of December 2000. The liability of the company in respect of the guarantee, as set out in the memorandum, is limited to £1 per member. Its objects are the establishment and maintenance of a sports centre in order to advance education and training and to provide facilities in the interest of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life for the inhabitants of the eastern area of the City of Nottingham. The directors of the charitable company are its trustees for the purpose of charity law. The trustees who have served during the year and since the year end were as follows:
## **Reference and administrative details of the charity, its trustees and advisors**
**Trustees** Christopher David Prior Chairperson Jake Meskell Nichola Jane Rose Martin Ian Ford Aaron Wharton Aris Georgopoulos
## **Trustees responsibilities**
The Governing Document of the company is the Memorandum and Articles of Association. Under this document the business of the company shall be managed by the council of Management. The council of management shall consist of not less than eight people drawn from the following bodies
Six representatives of Nottingham Wildcats
The Nottingham City Council and Nottingham County Council appoint a representative each to attend Board meetings in a non voting capacity.
**Page 1**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Report of the Trustees for the year ended 31 August 2025**
## **continued……**
## **Structure, governance and management**
Company and charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees have:
- selected suitable accounting policies and then applied them consistently;
- made judgements and estimates that are reasonable and prudent;
- stated whether applicable accounting standards have been followed, subject to any material
- departures disclosed and explained in the financial statements; and
- prepared the financial statements on the going concern basis.
The trustees have overall responsibility for ensuring that the charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The charity has clear objectives, priorities and plans. It pays close attention to performance and customer satisfaction so as to maintain high operational standards. Through its timely and accurate monitoring and reporting, financial risk is kept to a minimum. Communication with its supporters and beneficiaries means the charity can reduce its environmental and external risk. At all times the charity will comply with relevant laws and Acts.
## **Objectives and Activities**
To promote for the benefit of the inhabitants of the East area of the City of Nottingham and surrounding areas, in particular young persons, without distinction of sex, sexual orientation, race or of political religious or other opinions, by association together the said inhabitants and the local authorities, voluntary and authorities, voluntary and other organisations in a common effort to advance education and training, and to provide facilities in the interest of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life for the said inhabitants.
**Page 2**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Chairperson's Report for 1st September 2024 to 31st August 2025**
During this accounting period the ongoing financial stability of the Nottingham Wildcats Trust, mainly due to the income generated by the Nottingham Wildcats Arena, enabled the Board of Trustees to finally make a decision that has been under discussion for a a number of years.
That decision was to purchase a property to house the professional basketball players employed to represent the Nottingham Wildcats in the Women’s Super League Basketball competition. The premier women’s league in the UK.
An offer of £255,000 was made on a 5 bedroomed semi-detached house in the Colwick area of Nottingham, just walking distance from the Wildcats Arena. This offer was accepted on 24th June 2025. As the Trust used the Arena as collateral for the loan, it was able to borrow more than the purchase price of the property and therefore cover all survey and solicitors’ fees. The Trust did not therefore need to use any of its reserves to purchase the property.
The Trust has managed to achieve this financial investment whilst meeting one of its primary objectives of enabling local people to access the facilities, by keeping the cost of hire affordable. Our pricing structure is lower than comparable facilities in Nottingham, making the Arena a genuine community facility, which is illustrated by the diverse range of activities at the Arena.
In last year’s Chairperson’s Report, I highlighted the improvements made to the Wildcats Arena during the summer of 2024 and that these were part of an overall plan to upgrade our facilities. These changes where identified through a comprehensive audit of the current provision and infrastructure of the Wildcats Arena undertaken by the Trust.
In the next phase of that work, it was planned to increase the static seating capacity to 1000, renovation and improve the changing and toilet facilities and redesign the reception area to include improved café facilities. However, during the past year the Trust, along with various partners including the Greenwood Academies Trust, Nottingham Forest Netball and Notts County Women’s Football have collaborated on developing a Women’s and Girls Sports Hub at the Wildcats Arena site. This is a far more ambitious plan than was originally envisaged and will see the creation of 25G football pitches, an additional sports hall catering for netball and basketball, a hospitality area, offices, and film room, increased changing and toilet facilities, plus increasing the seating capacity of the existing Arena to 1500/2000. If this plan comes to fruition, and the initial discussion are extremely positive, it will create one of the best dedicated women’s sports facilities in the UK.
The partnership the Wildcats Trust has with the Greenwood Academies Trust and the Nottingham Academy school is a fundamental part of the success of the Wildcats Arena. This collaboration is set to continue until at least August 2028, as an enhanced SLA has been signed until that date. The new SLA now includes the additional provision for student athletes entering the Nottingham Academy 6th form to access a fully staffed developmental basketball programme. Whilst the overall provision does not match that of the elite programme, it is considerably better than the provision offered by many basketball clubs in Basketball England’s National Basketball League.
As reported last year the Nottingham Academy Wildcats programme, in partnership with Basketball England, is now an official DiSE Academy which enables the Trust to deliver the Diploma in Sporting Excellence, a Level 3 academic qualification. Unfortunately, this currently only includes the female side of our programme, but work is already underway to ensure that when the next submission is due in early 2026, the Trust will be awarded dual status. (Both female and male).
The Trust’s collaboration with the University of Nottingham goes from strength to strength with the partnership entering a combined U of N and NAW team into the NBL Women’s Division 2 for season 2024-25. Despite falling just short of the targeted aim of winning promotion to Division 1, it was a highly successful first season.
**Page 3**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Chairperson's Report for 1st September 2024 to 31st August 2025**
## **continued……**
The Division 2 side and the university BUCS female basketball programme are managed by an employee of the Wildcats Trust, Karen Burton. The university contribute to the salary of Karen, as well as 50% of the cost of running the NBL Division 2 programme. Karen is also the Head Coach of the Nottingham Wildcats who play in the SLBw, the women’s professional league in the UK. The league was formerly known as the WBBL.
The Trust continually monitors the staffing levels required to operate the Wildcats Arena efficiently and safely. After one such review, the decision was taken to increase the number of staff with management responsibility. With the Assistant Manager taking up another post outside of our organisation, the Trust took the opportunity to undertake full scale staffing restructuring.
The Trust retained the post of Facilities Manager, but created 3 Duty Manager posts, which enable managerial personnel to be on duty whenever the Arena is open. The post where first offered internally to existing staff and volunteers. Two volunteers were successful with their applications and interviews and the third post was by a former employee. The effectiveness of this change is being monitored by the Facilities Manager and the Trust.
Finally, the Trustees wish to thank everyone associated with the basketball programme, but especially the volunteers who give up their time and energy to coach, wash kit, drive mini-bus and everything in between. The Trust is gradually employing staff to take on roles within the basketball programme, but there will always be a significa role for the volunteers of the club. Without you none of it would be possible.
As with all successful organisations, it is the staff’s contribution that lays the foundation for that success. So, on behalf of the Board of Trustees, I wish to thank all the staff at the Nottingham Wildcats Arena and particularly the full-time staff members who do way beyond their contracted hours. The Arena also has an army of volunteers, who do any job that needs to be done and their contribution cannot be underestimated, when measuring the Arena’s success. Thank you one and all.
**Chris Prior Chairperson to the Trust**
**Date: 3rd June 2026**
**Page 4**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Independent Examiner's Report to the Trustees on the unaudited accounts**
We report on the accounts for the year ended 31 August 2025 set out on pages 1 to 18.
This report is made solely to the company's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the charity 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 that 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 company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 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.
**Page 5**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Independent Examiner's Report to the trustees on the unaudited accounts**
Continued……..
## **Independent examiner's statement**
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
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 that in any material respect:
- accounting records were not kept in respect of the company as required by section 386 of
- 1. the 2006 Act; or
the accounts do not accord with those records; or
2. the accounts do not comply with the accounting requirements of section 396 of the 2006
3. 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
4. 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.
**Iliffe Poulter Ltd Chartered Accountants Date: 3rd June 2026**
**1A Bonington Road Mapperley Nottingham NG3 5JR**
**Page 6**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Statement of Financial Activities Incorporating an Income and Expenditure Account for the year ending 31 August 2025**
|**Unrestricted**
**Funds**
**Incoming Resources (Notes 2 & 3)**
Activities in furtherance of the
charity's objectives
- Coaching & salary grants
0
- Fees
524,609
Activities for generating funds
- Income from sales of
22,915
confectionery and drinks
- Government grants
0
- Bank Interest
544
**Total Incoming Resources**
548,068
**Resources Expended (Note 4 & 5)**
Costs of activities in furtherance of
the charity's objectives
-254,992
Costs of activities for generating
funds
-17,336
Support costs
-145,574
Resources expended on managing &
administering the charity(Note8)
-78,017
**Total Resources Expended**
-495,919
**Net Incoming Resources**
**Before Transfers**
52,149
**Gross Transfers**
**between funds**
0
**Net Income/ (Expenditure)**
**for the year**
**52,149**
Total funds B/Fwd
11,926
**Total Funds C/Fwd**
**64,075**|**Restricted**
**Funds**
0
0
0
0
0
0
-5,972
-5,972
-5,972
0
**-5,972**
1,104,479
**1,098,507**|**2025**
**2024**
**Charity**
**Charity**
**£**
**£**
**0**
**0**
**524,609**
**489,279**
**22,915**
**21,502**
**0**
**0**
**544**
**1,214**
**548,068**
**511,995**
**-260,964**
**-350,254**
**-17,336**
**-16,449**
**-145,574**
**-145,630**
**-78,017**
**-63,282**
**-501,891**
**-575,614**
**46,177**
**-63,619**
**0**
**0**
**46,177**
**-63,619**
**1,116,405**
**1,180,024**
**1,162,582**
**1,116,405**|
|---|---|---|
All recognised gains and losses are included within the above
**Page 7**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Balance Sheet for the year ended 31 August 2025**
|**Fixed Assets (Notes 9 & 10)**
Land
Buildings
Plant & Equipment
Computers
**Current Assets**
Stocks
Trade Debtors
Other Debtors
Cash at Bank & in Hand
**Creditors: amounts falling due**
**within one year**
Trade Creditors
Other Creditors
Pension Creditors
Payments In Advance
**Net current assets/liabilities**
**Assets less current liabilities**
**Long term liabilities/provisions/deferred income**
Long Term Bank Loan
**Net Assets**
**Funds of the Charity**
Unrestricted Income Funds
Restricted Income Funds
Restricted Income Funds Revaluation Reserve
**Total Funds**|**2025**
**Charity**
**£**
100,000
8,000,000
23,557
-
8,123,557
950
2,310
300
43,738
47,298
-2,490
-6,147
-1,576
-350
-10,563
36,735
8,160,292
-8,728
8,151,563
64,075
1,098,507
6,988,981
8,151,563|**2024**
**Charity**
**£**
100,000
4,281,933
29,429
100
4,411,462
900
1,416
-
85,168
87,484
-16,767
-7,217
-659
-350
-24,993
62,491
4,473,952
-18,979
4,454,974
11,926
1,104,479
3,338,569
4,454,974|
|---|---|---|
**Page 8**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Balance Sheet (continued) for the year ended 31 August 2025**
In approving these financial statements as trustee of the company I hereby confirm:
(a) for the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## (b) that we acknowledge my responsibilities for:
(1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
(2) The directors acknowledge their responsibilities for complying with the requirement
of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The revised accounts replace the original accounts, they are now the statutory accounts and they have been prepared as at the date of the original accounts, and not as at the date of the revision and accordingly do not deal with events between those dates. There are no significant amendments to these revised accounts.
The financial statements were approved by the Board on 3rd June 2026 and signed on its behalf by:
**CD Prior Chairperson**
## **Registration Number 4120489**
**Page 9**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Notes to the Accounts**
1) **Accounting policies**
## (a) **Basis of preparation**
The financial statements have been prepared under the historical cost convention, with the exception of investments, land and buildings which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (the FRS 102) (effective 1 January 2015)
The statement of financial activities (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The charity has availed itself of Paragraph 4 (1) of Schedule 1 of the small companies and groups regulations 2008 and adapted the Companies Act formats to reflect the special nature of the charity’s activities. No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006 and paragraph 397 of the SORP.
## (b) **Company status** (c) **Fund accounting**
The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
**Page 10**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
## (d) **Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
(e) **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Premises overheads have been allocated on a floor area basis and other overheads have been allocated on the basis of the head count.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## (f)
## **Tangible fixed assets and depreciation**
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
|Freehold land|unlimited|
|---|---|
|Leasehold buildings|over 50 years|
|Plant and equipment|over 5 years|
|Computers|over 3 years|
**Page 11**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
## (g) **Investments**
- Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
## (h) **Stock**
Stock consists of purchased goods for resale. Stocks are valued at the lower of cost and net realisable value. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
## (i) **Pension costs**
The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.
## 2) **Sources of Incoming Resources**
The main sources of incoming resources are summarised below, where not recorded on the face of the Income and Expenditure Account:
Unrestricted funds:
**----- Start of picture text -----**
Source 2025 2024
(£'s) (£'s)
Coaching and salary grants 0 0
Total coaching and salary grants 0 0
Basketball court hire 463,008 424,482
Gym membership fees 23,866 22,743
Dance studio hire 17,510 17,938
Classroom hire 12,000 12,000
Other income 8,225 12,116
Income confectionery and drinks 22,915 21,502
Government grants 0 0
Bank interest 544 1,214
Total Fees Income 548,068 511,995
**----- End of picture text -----**
**Page 12**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
## 3) **Recognition of Liabilities**
Liabilities are recognised in accordance with the accruals concept. This is defined as the point where there is a legal or constructive obligation committing the charity to expenditure. Where the final amount is known (or can be estimated with a reasonable degree of certainty) then a liability is accrued. If this is not possible a provision is created.
Specifically employee costs are recognised as a liability based upon hours worked.
Purchases from third parties are recognised once an order has been placed (as long as there is reasonable certainty that the order will be fulfilled).
The charity has not to date given out any grants.
- 4) **Resources expended**
The categories of costs included with the resources expended headings are defined below:
## Costs of generating funds
- Purchase of drinks and confectionery for sale within the centre’s kitchen and vending machines
- An apportionment of staff cost for time spent operating the kitchen and filling the vending machines
Activities in furtherance of the charity’s objectives
- Apportionment of staff costs for direct provision of coaching or supervision of physical activity (e.g. coaching basketball or overseeing the gym)
- Costs involved with keeping the facilities in a fit state for public use (including cleaning materials and cleaners’ wages)
## Support costs
- Security costs (including insurance)
- Utilities costs
- Office associated costs
- An apportionment of staff costs for activities involved with the day-to-day financial administration of the centre, reception duties and supervision of volunteers
**Page 13**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
Management and administration costs
- Costs of accountancy.
- Apportionment of staff costs involved in managing and administering the charity (as opposed to running the centre)
- Registration with Company’s House
Staff costs are apportioned across the various headings on the basis of staff time.
## 5) **Trustee remuneration**
The trustees received emoluments during the year £Nil (2024: £Nil).
No trustees have received any expenses during this accounting period.
## 6) **Staff Costs**
The total staff costs are given below:
**----- Start of picture text -----**
Type 2025 2024
Gross wages & salaries 199,513 195,194
Employer's national insurance 19,167 16,384
Pension contributions 3,940 3,513
Total Staff Cost 222,620 215,091
**----- End of picture text -----**
During the year there was an average of 6 full and 4 part time employees.
The following gives the breakdown of numbers of higher paid staff:
|Salary Band per Year|FTE's||
|---|---|---|
|£20,000 - £30,000||1|
|£30,000 - £40,000||2|
|£40,000 - £50,000||1|
**Page 14**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
The average number of employees, calculated on a full time equivalent basis, analysed by function was;
|by function was;|||
|---|---|---|
||2025|2024|
||Number|Number|
|Charitable activities|6|6|
|Cost of generating funds|1|1|
|Management and administration of the charity|3|3|
1 employees were paid over £50,000 during this accounting period.
## 7) **Pension costs**
During the accounting period, £3,940 (2024: £3,513) company contributions were made to NEST.
8)
## **Support Costs**
The costs attributed to the support cost heading is made up of the following:
**----- Start of picture text -----**
Source Unrestricted Amount (£)
2025 2024
Employee costs 68,226 77,456
Office expenses 15,716 14,960
Insurance 11,822 12,692
Utilities 49,860 40,522
Total support costs 145,624 145,630
**----- End of picture text -----**
Miscellaneous purchases are items bought for the enhancement of the centre (out of unrestricted funds), after it had opened. Items categorised here include tops for volunteers, plants, basketball entrance fees and trophies.
**Page 15**
## **Nottingham Wildcats Community Basketball and Sports Trust Ltd**
## **(A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
## 9) **Management and Administration Costs**
The costs attributed to the management and administration cost heading is made up of the following:
|Source|Unrestricted|Amount (£'s)|
|---|---|---|
||2025|2024|
|Employee costs|75,497|60,762|
|Accountancy|2,486|2,507|
|Companies House - registration|34|13|
|Total Management & Admin|78,017|63,282|
## 10) **Tangible Fixed Assets**
**----- Start of picture text -----**
Land Buildings Plant & Equip Fixtures & Fittings Total
£ £ £ £ £
Cost
At 1 Sep 2024 100,000 4,972,269 103,291 5,630 5,181,190
Additions 67,655 67,655
Disposals
Revaluations 2,960,076
At 31 Aug 2025 100,000 8,000,000 103,291 5,630 5,248,845
Depreciation
At 1 Sep 2024 690,336 73,862 5,530 769,728
Charge 5,872 100 5,972
W/back on reval -690,336 -690,336
Disposals 0
At 31 Aug 2025 0 0 79,734 5,630 85,364
Net Book Value
At 31 Aug 2025 100,000 8,000,000 23,557 0 5,163,481
At 31 Aug 2024 100,000 4,281,933 29,429 100 4,411,462
**----- End of picture text -----**
Land and buildings were subject to independent, professional valuation. The valuation was undertaken by Andrew Granger & Co. Commercial Surveyor and RICS Registered Valuer.Using the Replacement Cost model.
The land and buildings are held under a 99 year peppercorn lease.
**Page 16**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
## **Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
|11)|**Debtors**||||
|---|---|---|---|---|
||||**2025**|**2024**|
||||£|£|
||Trade Debtors||2,310|1,416|
||Other Debtors||300|0|
|12)|**Creditors: amounts falling due within one year**||2,610|1,416|
||Trade Creditors||**2025**
£
2,490|**2024**
£
16,767|
||Other Creditors||6,147|7,217|
||Pension Creditor||1,576|659|
||Payments In Advance||350|350|
|13)|**Statement of funds**|**At 1 Sep**
**2024**
**Income**
**£**
**£**|10,563
**Expenditure**
**£**|24,993
**At 31 Aug**
**2025**
**£**|
||**Total unrestricted funds**|11,926
548,068|-495,919|64,075|
||**Total restricted funds**|1,104,479
-|-5,972|1,098,507|
|||1,116,405
548,068|-501,891|1,162,582|
**Page 17**
**Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)**
**Notes on the Financial Statements For the year ended 31 August 2025**
## **Continued……..**
- 14) **Treatment of VAT**
The charity is not registered for VAT purposes; therefore all VAT is unrecoverable. As such it is charged to the same expenditure heading as the item it relates to.
15) **Related Party Transactions**
From 4th September 2019 S Prior had been in paid employment within the charity, in the capacity of academy director. Her role is director of the academy & development programme lead. She is the daughter of the Chair of the Trust, Chris Prior.
This post was advertised in the local press and all applicants underwent an impartial recruitment and selection process, which Chris Prior was not involved in.
For this accounting period the charity made a gross salary payment of £32,833 (2024: £35,160), National Insurance Contributions of £3,656(2024: £3,160).
**Page 18**