REGISTERED COMPANY NUMBER: 04363173 (England and Wales) REGISTERED CHARITY NUMBER: 1094476
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 FOR
ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD (LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD (REGISTERED NUMBER: 04363173)
(LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
1. Introduction
This report is submitted by the trustees elected at the EGM on 23 November 2024, who served during the final months of the reporting period. The EGM was called due to the risk of closure of St Just Sports Centre. The new trustees adopted a voluntary operating model to stabilise finances and ensure continuity of services.
2. Structure, Governance and Management
The charity is a Charitable Company limited by guarantee, governed by its Memorandum and Articles of Association. Trustees, who also serve as company directors, are appointed in accordance with this governing document. A limited handover of governance records and documents created early administrative challenges, which were managed as part of the transition.
3. Objectives and Activities
The charity’s purpose is to provide accessible sports and wellbeing facilities for the community. During the year, the centre continued operating the sports hall, gym and classes, introduced a new pricing structure including session passes, and maintained consistent usage.
4. Public Benefit Statement
The trustees confirm they have had due regard to the Charity Commission’s guidance on public benefit. The charity promotes health, fitness, and community wellbeing through affordable access to sports and recreational facilities.
5. Achievements and Performance
Payroll operations were closed by the end of Q1 2025, enabling the charity to become financially self-sufficient. Insurance premiums were paid in full without external support, and small-scale service improvements were introduced. Instructor changes were managed and new activity options explored. The sports hall received essential cleaning and maintenance.
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6. Significant Events and Challenges
The trustees inherited several operational and personnel issues, including two incidents requiring police involvement, which were resolved promptly. The transition was further complicated by missing documentation relating to the Charity Commission, following a period of more than three years of Commission investigation and supervision.
Long-term infrastructure concerns continue, particularly the ageing and currently uninsurable sports hall roof.
7. Financial Review
The adoption of a voluntary model strengthened the charity’s financial position, with bank balances increasing across the year. The charity is rebuilding its reserves and intends to implement a formal reserves policy. Income was primarily generated through memberships, passes, classes and facility usage.
8. Risk Management
Key risks during the period included governance documentation gaps, infrastructure deterioration, and operational pressures. These were mitigated through strengthened oversight, responsive maintenance, and management of staffing and volunteer support.
9. Volunteers
The trustees express their sincere appreciation to the dedicated volunteers who have sustained the charity’s operations. Their commitment remains vital to the charity’s continued service to the community.
10.Plans for the Future
The charity aims to continue rebuilding reserves, prioritise essential maintenance, expand activity offerings and strengthen governance and operational processes.
Trustees
Mr. S A Shawcross Dr. A R Rowe
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ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the accounts of Centre of Pendeen for the year ended 31 January 2025
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act and;
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act
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have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Laura Parfitt-Marr FMAAT
First Floor Front Office, 13-14 Market Place Penzance, Cornwall, TR18 2JB
Date: 9[th] December 2025
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ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD (LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025
| Notes INCOME FROM Donations and Legacies 2 Charitable Activities 5 Provision of sports facilities Other trading activities 3 Investment Income 4 Other income Total EXPENDITURE ON Charitable Activities Provision of sports facilities NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted 2025 2024 Funds Funds Total Total £ £ £ £ 100 - 100 19 49,715 49,715 50,013 500 - 500 136 - - - 108 14,575 9,885 64,889 - 50,315 60,161 75,733 - 5,529 - 81,262 - 80,196 10,844 - 5,529 - 16,373 - 20,035 - 33,275 28,709 61,984 82,019 22,431 23,180 45,611 61,984 |
|---|---|
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r. JUST & DIFfRicf COMMUNITY SPORTS ASSOCIATION LTD (LIMITED BY GUARANTEE) BALANCE SHEFr AS AT 31 JANUARY 2025 Unrestricted Funds Restrlcted Funds 2025 Total 2024 Total Notes FIXED AssFrs Tangible assets 22,380 22,391 27.954 CURRENT ASSETS Stocks Debtors Cash at bank and In hand 10 45 5.757 17.688 23,501 45 5,757 18,488 46,681 45 7,958 28,500 36.503 800 23,180 CREDITORS Amounts falllng wlthln one year NEf CURRENT ASSErs 12 1.070 1.070 2.473 22,431 23.180 45.611 34,030 NET ASSErs 22,431 23.180 45,611 61,984 FUNDS Unrestrlcted funds Restrlcted funds 13 33.275 28,709 TOTAL FUNDS 61,984 The charStable company 55 entltled to exemptlon from audlt under Sectlon 477 OF the Companle5 Act 2006 for the yearended 31 January 2025, The members have not requlred the company to obtaln an audll of115 flnonclll statements for the year ended31 January 2025 In accordance wlth Sectlon 476 of the Companles Act 2006. The tNstees acknowledge thelr responslbllStle5 for lal ensurln8 that the Charltable company keeps accounlln8 records that comply wllh SectSon$ 386 and 387 of thecompanles Act 2006 and (bl prep8rlng flnanclal 5taternent5 whlch 8Sve a true and falr vlew of the state of affalrs of the ch8rltable company as at the end of each ftnanclal year end of It$ surplus or defSclt for each flnandal year In accordance wlth the rÈqulrÈments of Sectlons 394 and 395 and whlch otherwlse comply wlth the requlrements of the Companles Act 2006 rÈlatln8 to flnancl81 statements, $0 far 8$ 8ppIIc8ble to the charltable company. These Ilnanclal statements have been prepared In &¢cordance wlth the provl$Sons appllcable to charltable companles subject to the small companles re8lme. The flnanclal 5tatement5 were approved by the B and were slgned on Its behalf by ustee nd authorlsed for Issue on Page
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS I 02, 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 l 02) (effective I January 20 I 9)', Financial Repo1ting 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 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.
Expenditure
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life. Solar panel equipment - 5% on cost Other equipment at varying rates on cost Computer equipment - Straight line over 3 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted 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. Restictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Futher explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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| 2. DONATIONS AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| 100 | 19 | |
| 3. OTHER TRADING ACTIVITIES | ||
| 2025 | 2024 | |
| £ | £ | |
| Fundraising events | 500 | 136 |
| 4. INVESTMENT INCOME | ||
| 2025 | 2024 | |
| £ | £ | |
| - | 108 | |
| 5. INCOME FROM CHARITABLE ACTIVITIES | ||
| 2025 | 2024 | |
| £ | £ | |
| Grants | 3,000 | 750 |
| Gym Membership | 19,502 | 22,270 |
| Recreational Fees | 30,875 | 26,993 |
| 6. DEPRECIATION | ||
| 2025 | 2024 | |
| £ | £ | |
| 5,600 | 5,614 |
7. TRUSTEES' REMUNERATION AND BENEFITS
None of the trustees received payment in the year or previous year in connection with their duties as a trustee. Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff | 2025 2024 3 3 |
|---|---|
No employees received emoluments in excess of £60,000.
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9. TANGIBLE FIXED ASSETS
| Solar Panel Equipment Other Equipment COST At 1 February 2024 to 31st January 2025 111,130 52,803 DEPRECIATION At 1 February 2024 83,348 52,631 Charge for year 5,556 43 At 31 January 2024 88,904 52,674 NET BOOK VALUE At 31 January 2025 22,226 129 At 31 January 2024 27,782 172 10. STOCKS Stocks 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Creditors Social Security and Other taxes Accrued expenses |
Computer equipment Total 861 164,794 861 136,840 5,599 861 142,439 - 22,355 27,954 2025 2024 £ £ 45 45 2025 2024 £ £ - 496 5,757 7,462 5,757 7,958 2025 2024 £ £ 701 865 431 - 322 800 1,286 1,070 2,473 |
|---|---|
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13. MOVEMENT IN FUNDS
| 13. MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | At | ||||
| At | 1/2/2024 | Movement | 31/01/2025 | ||
| In Funds | |||||
| Unrestricted funds | £ | £ | £ | ||
| General fund | 33,275 | - | 10,844 |
22,431 | |
| Restricted funds | |||||
| Capital fund | 28,709 | - | 5,529 |
23,180 | |
| TOTAL FUNDS | 61,984 | - | 16,373 |
45,611 | |
| Net movement in funds, including in the above are as follows: | |||||
| Unrestricted funds | Incoming Resources |
Resources Expended |
Movement in funds |
||
| General fund | 64,889 | - | 75,733 |
10,844 - |
|
| Restricted funds | |||||
| Capital fund | - | - | 5,529 |
5,529 - |
|
| TOTAL FUNDS | 64,889 | - | 81,262 |
16,373 - |
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